60-Day Federal Register Notice

FR1-0196 Supplementary Leverage Ratio 83 FR 24306 May 25 2018.pdf

Regulatory Capital Rules: Regulatory Capital, Revisions to the Supplementary Leverage Ratio

60-Day Federal Register Notice

OMB: 3064-0196

Document [pdf]
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24306

Federal Register / Vol. 83, No. 102 / Friday, May 25, 2018 / Notices

be interested, the Agency has not
attempted to describe all the specific
entities that may be affected by this
action.
B. What should I consider as I prepare
my comments for EPA?
1. Submitting CBI. Do not submit CBI
information to EPA through
regulations.gov or email. If your
comments contain any information that
you consider to be CBI or otherwise
protected, please contact the Peer
Review Leader listed under FOR FURTHER
INFORMATION CONTACT to obtain special
instructions before submitting your
comments.
2. Tips for preparing your comments.
When preparing and submitting your
comments, see the commenting tips at
http://www.epa.gov/dockets/
comments.html.

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C. How may I participate in this
meeting?
You may participate in this
preparatory meeting by following the
instructions in this unit. To ensure
proper receipt by EPA, it is imperative
that you identify docket ID number
EPA–HQ–OPPT–2018–0314 in the
subject line on the first page of your
request.
1. Written comments. The Agency
encourages written comments be
submitted, using the instructions in
ADDRESSES and Unit I.B., on or before
July 23, 2018, to provide the letter peer
reviewers the time necessary to consider
and review the written comments.
Though the peer reviewers may not be
able to fully consider written comments
submitted after July 23, 2018, EPA will
consider all comments submitted on or
before August 17, 2018.
2. Oral comments. The Agency
encourages each individual or group
wishing to present brief oral comments
to the letter peer reviewers during the
preparatory meeting to submit their
request to the peer review leader listed
under FOR FURTHER INFORMATION
CONTACT on or before June 21, 2018, in
order to be included on the preparatory
meeting agenda. The request should
identify the name of the individual
making the presentation, the
organization (if any) the individual will
represent, and any requirements for
audiovisual equipment. Oral comments
are limited to approximately 5 minutes
due to the time constraints of the
preparatory meeting.
II. Background
A. Letter Peer Review
Section 6(h) of the Toxics Substances
Control Act (TSCA) directs EPA to issue

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regulations under 6(a) for certain
Persistent Bioaccumulative and Toxic
(PBT) chemical substances that were
identified in EPA’s TSCA Work Plan for
Chemical Assessments: 2014 update.
The chemicals that were ranked high or
moderate for either persistence and
bioaccumulation, are present on the
TSCA 2014 workplan chemical list that
are not metals, that do not have problem
formulation completed, do not have a
review under section 5, and do not have
a consent agreement under section 4 are
the following five chemicals:
Decabromodiphenyl ethers (DECA);
Hexachlorobutadiene (HCBD);
Pentachlorothiophenol (PCTP); Phenol,
isopropylated, phosphate (3:1) (PIP3/
ITPP); and 2,4,6-Tris(tert-butyl) phenol
(2, 4, 6 TRIS).
No risk evaluation is required for
these PBT chemicals. EPA has drafted
an Exposure and Use Assessment and a
Human Health and Environmental
Hazard Summary, in response to the
TSCA section 6(h) requirements to
summarize conclusions of toxicity and
whether there is likely exposure to these
PBT chemicals. These documents
contain the following components:
• Chemistry, physical-chemical
properties and expected transport and
partitioning.
• Characterization of manufacture
(including import), processing, uses and
potential sources of exposure.
• Summary of available monitoring
data, concentrations and doses.
• Characterization of trends in
releases/exposures over time.
• Summary of environmental hazard
(written and tabular summaries).
• Summary of human health hazard
(written and tabular summaries).
• Strategy for identifying
environmental hazard summary
information.
• Strategy for identifying human
health summary information.
• Supplemental Files that identify
how environmental information was
searched, screened, and evaluated.
B. Public Preparatory Meeting
The Agency has organized letter peer
reviews for the Exposure and Use
Assessment and the Human Health and
Environmental Hazard Summary. The
June 25, 2018 preparatory meeting will
be held by teleconference and webcast
only. During the preparatory meeting,
the individual letter peer reviewers will
have the opportunity to comment on
and ask questions regarding the scope
and clarity of the draft charge questions.
Subsequent to this preparatory meeting,
final charge questions will be provided
for use as the letter peer reviewers
complete their individual reviews.

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C. Letter Peer Review Documents
EPA’s background papers, related
supporting materials, and charge/
questions for these letter peer reviews
will be available in the public docket
(EPA–HQ–OPPT–2018–0314) on June
18, 2018. In addition, the Agency may
provide additional background
documents and public comments as the
materials become available. You may
obtain electronic copies of these
documents, and certain other related
documents that might be available in
the public docket at http://
www.regulations.gov and on the TSCA
Peer Review website at https://
www.epa.gov/tsca-peer-review.
Authority: 15 U.S.C. 2625 et. seq.; 5 U.S.C.
Appendix 2 et. seq.
Dated: May 18, 2018.
Stanley Barone, Jr.,
Acting Director, Office of Science
Coordination and Policy.
[FR Doc. 2018–11311 Filed 5–24–18; 8:45 am]
BILLING CODE 6560–50–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request (OMB No.
3064–0165; –0183; and –0196)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

SUMMARY: The FDIC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of existing
information collections, as required by
the Paperwork Reduction Act of 1995
(PRA). Currently, the FDIC is soliciting
comment on renewal of the information
collections described below.
DATES: Comments must be submitted on
or before July 24, 2018.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• https://www.FDIC.gov/regulations/
laws/federal.
• Email: comments@fdic.gov. Include
the name and number of the collection
in the subject line of the message.
• Mail: Manny Cabeza (202–898–
3767), Counsel, MB–3007, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
• Hand Delivery: Comments may be
hand-delivered to the guard station at
the rear of the 17th Street Building

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Federal Register / Vol. 83, No. 102 / Friday, May 25, 2018 / Notices
(located on F Street), on business days
between 7:00 a.m. and 5:00 p.m.
All comments should refer to the
appropriate OMB control number
referenced in the Supplementary
Information section below. A copy of
the comments may also be submitted to
the OMB desk officer for the FDIC:
Office of Information and Regulatory
Affairs, Office of Management and

Budget, New Executive Office Building,
Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT:

Manny Cabeza, Counsel, 202–898–3767,
mcabeza@FDIC.gov, MB–3007, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
Proposal
to renew the following currently
approved collections of information:

SUPPLEMENTARY INFORMATION:

1. Title: Interagency Supervisory
Guidance for the Supervisory Review
Process of Capital Adequacy (Pillar 2)
Related to the Implementation of the
Basel II Advanced Capital Framework.
OMB Number: 3064–0165.
Form Number: None.
Affected Public: Insured state
nonmember banks and certain
subsidiaries of these entities.
Burden Estimate:

SUMMARY OF ANNUAL BURDEN
Estimated
number of
respondents

Type of burden
Pillar 2 Guidance ...........................................................
Total Estimated Annual Burden ..............................

General Description of Collection:
There has been no change in the method
or substance of this information
collection. The number of institutions
subject to the record keeping
requirements has decreased from eight
(8) to two (2). In 2008 the Office of the
Comptroller of the Currency, the Board
of Governors of the Federal Reserve
System and the FDIC issued a
supervisory guidance document related
to the supervisory review process of
capital adequacy (Pillar 2) in connection
with the implementation of the Basel II
Advanced Capital Framework.1 Sections

Recordkeeping
...........................

Estimated time
per response
(hours)

Frequency of
response

Total annual
estimated
burden hours

2

105

Quarterly ...........

840

........................

........................

...........................

840

37, 41, 43, and 46 of the guidance
include possible information
collections. Section 37 provides that
banks should state clearly the definition
of capital used in any aspect of its
internal capital adequacy assessment
process (ICAAP) and document any
changes in the internal definition of
capital. Section 41 provides that banks
should maintain thorough
documentation of its ICAAP. Section 43
specifies that the board of directors
should approve the bank’s ICAAP,
review it on a regular basis and approve
any changes. Section 46 recommends

that boards of directors periodically
review the assessment of overall capital
adequacy and analyze how measures of
internal capital adequacy compare with
other capital measures such as
regulatory or accounting.
2. Title: Credit Risk Retention.
OMB Number: 3064–0183.
Form Number: None.
Affected Public: Insured state nonmember banks, insured state branches of
foreign banks, state savings associations
and certain subsidiaries of these
entities.
Burden Estimate:

SUMMARY OF ANNUAL BURDEN
Estimated
number of
offerings

Estimated
annual
frequency

Estimated
average hours
per response

Estimated
annual burden
hours

Disclosure Burden

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Subpart B:
§ 373.4
§ 373.4
§ 373.4
§ 373.5
§ 373.6
§ 373.7
§ 373.8
§ 373.9
§ 373.10

Standard Risk Retention—Horizontal Interest ..........................
Standard Risk Retention—Vertical Interest ...............................
Standard Risk Retention—Combined Interest ..........................
Revolving Master Trusts ............................................................
Eligible ABCP Conduits .............................................................
Commercial MBS .......................................................................
FNMA and FHLMC ....................................................................
Open Market CLOs ...................................................................
Qualified Tender Option Bonds ...............................................

1
40
4
15
15
15
15
15
15

1
1
1
1
1
1
1
1
1

5.5
2.0
7.5
7.0
3.0
20.75
1.5
20.25
6.0

5.5
80
30
105
45
311.25
22.5
303.75
90

Subpart B Subtotal ............................................................................
Subpart C:
§ 373.11 Allocation of Risk Retention to an Originator ..........................
Subpart D:
§ 373.13 and .19(g) Exemption for Qualified Residential Mortgages ....
§ 373.15 Exemption for Qualifying Commercial Loans, Commercial
Real Estate and Automobile Loans ......................................................
§ 373.16 Underwriting Standards for Qualifying Commercial Loans .....
§ 373.17 Underwriting Standards for Qualifying CRE Loans .................
§ 373.18 Underwriting Standards for Qualifying Automobile Loans ......

........................

........................

........................

........................

3

1

2.5

7.5

13

1

1.25

16.25

16
6
6
6

1
1
1
1

20.0
1.25
1.25
1.25

320
7.5
7.5
7.5

Total Estimated Disclosure Burden ............................................

........................

........................

........................

1,359.25

1 73

FR 44620 (July 31, 2008).

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24308

Federal Register / Vol. 83, No. 102 / Friday, May 25, 2018 / Notices
SUMMARY OF ANNUAL BURDEN—Continued
Estimated
number of
offerings

Estimated
annual
frequency

Estimated
average hours
per response

Estimated
annual burden
hours

Recordkeeping Burden

amozie on DSK3GDR082PROD with NOTICES1

Subpart B:
§ 373.4 Standard Risk Retention—Horizontal Interest ..........................
§ 373.4 Standard Risk Retention—Vertical Interest ...............................
§ 373.4 Standard Risk Retention—Combined Interest ..........................
§ 373.5 Revolving Master Trusts ............................................................
§ 373.6 Eligible ABCP Conduits .............................................................
§ 373.7 Commercial MBS .......................................................................
Subpart C:
§ 373.11 Allocation of Risk Retention to an Originator ..........................
Subpart D:
§ 373.13 and .19(g) Exemption for Qualified Residential Mortgages ....
§ 373.15 Exemption for Qualifying Commercial Loans, Commercial
Real Estate and Automobile Loans ......................................................
§ 373.16 Underwriting Standards for Qualifying Commercial Loans .....
§ 373.17 Underwriting Standards for Qualifying CRE Loans .................
§ 373.18 Underwriting Standards for Qualifying Automobile Loans ......

1
40
4
15
15
15

1
1
1
1
1
1

0.5
0.5
0.5
0.5
20.0
30.0

0.5
20
2
7.5
300
450

3

1

20.0

60

13

1

40.0

520

16
6
6
6

1
1
1
1

0.5
40.0
40.0
400

8
240
240
240

Total Estimated Recordkeeping Burden ...........................................

........................

........................

........................

2,088

Total Estimated Annual Burden .................................................

........................

........................

........................

3,447.25

There has been no change in the
method or substance of this information
collection. The above burden estimate is
derived from FDIC’s estimate that there
are currently approximately 1,400
annual offerings subject to the Credit
Risk Retention rule (12 CFR part 373).
The methodology used to estimate
burden is fully detailed in the FDIC’s
supporting statement for this
information collection (3064–0183)
available at https://www.reginfo.gov/
public/do/PRAViewDocument?ref_
nbr=201501-3064-002.
General Description of Collection:
This information collection request
relates to the disclosure and
recordkeeping requirements of 12 CFR
part 373 (the Credit Risk Retention Rule)
which implements section 15G of the
Securities Exchange Act of 1934,2 added
by section 941 of the Dodd-Frank Wall
Street Reform and Consumer Protection
Act 3 (Section 941). The Credit Risk
Retention Rule was jointly issued by the
Federal Deposit Insurance Corporation
(‘‘FDIC’’), the Office of the Comptroller
of the Currency (‘‘OCC’’), the Federal
Reserve Board (‘‘Board’’), the Securities
and Exchange Commission
(‘‘Commission’’) and, with respect to the
portions of the Rule addressing the
securitization of residential mortgages,
the Federal Housing Finance Agency
(‘‘FHFA’’) and the Department of
Housing and Urban Development
(‘‘HUD’’).
2 15

U.S.C. 78o–11.
3 Public Law 111–2–3, 124 Stat. 1376 (2010).

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Section 941 requires the Board, the
FDIC, the OCC (collectively, the
‘‘Federal banking agencies’’), the
Commission and, in the case of the
securitization of any ‘‘residential
mortgage asset,’’ together with HUD and
FHFA, to jointly prescribe regulations
that (i) require a securitizer to retain not
less than five percent of the credit risk
of any asset that the securitizer, through
the issuance of an asset-backed security
(‘‘ABS’’), transfers, sells or conveys to a
third party, and (ii) prohibit a
securitizer from directly or indirectly
hedging or otherwise transferring the
credit risk that the securitizer is
required to retain under section 941 and
the agencies’ implementing rules.
The Credit Risk Retention Rule
provides a menu of credit risk retention
options from which securitizers can
choose and sets out the standards,
including disclosure and recordkeeping
requirements, for each option; identifies
the eligibility criteria, including
certification and disclosure
requirements, that must be met for assetbacked securities (ABS) offerings to
qualify for certain exemptions; specifies
the underwriting standards for
commercial real estate (CRE) loans,
commercial loans and automobile loans,
as well as disclosure, certification and
recordkeeping requirements, that must
be met for ABS issuances collateralized
by such loans to qualify for reduced
credit risk retention; and sets forth the
circumstances under which retention
obligations may be allocated by
sponsors to originators, including

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disclosure and monitoring
requirements. The recordkeeping
requirements relate primarily to (i) the
adoption and maintenance of various
policies and procedures to ensure and
monitor compliance with regulatory
requirements and (ii) certifications,
including as to the effectiveness of
internal supervisory controls. The
required disclosures for each risk
retention option are intended to provide
investors with material information
concerning the sponsor’s retained
interest in a securitization transaction
(e.g., the amount, form and nature of the
retained interest, material assumptions
and methodology, representations and
warranties). The agencies believe that
the disclosure and recordkeeping
requirements will enhance market
discipline, help ensure the quality of the
assets underlying a securitization, and
assist investors in evaluating
transactions.
3. Title: Disclosure Requirements
Associated with the Supplementary
Leverage Ratio.
OMB Number: 3064–0196.
Form Number: None.
Affected Public: Insured state
nonmember banks and state savings
associations that are subject to the
FDIC’s advanced approaches risk-based
capital rules.
Burden Estimate:

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Federal Register / Vol. 83, No. 102 / Friday, May 25, 2018 / Notices

24309

SUMMARY OF ANNUAL BURDEN
Estimated
number of
respondents

Type of
burden

Frequency of
response

Total annual
estimated
burden hours

12 CFR 324.172 and 173 ...................................................

Disclosure ......

2

5

Quarterly ........

40

Total Estimated Annual Burden ...................................

........................

........................

........................

........................

40

There has been no change in the
method or substance of this information
collection. The number of institutions
subject to the disclosure requirements
has decreased from eight (8) to two (2).
General Description of Collection: The
supplementary leverage ratio
regulations strengthen the definition of
total leverage exposure and improve the
measure of a banking organization’s onand off-balance sheet exposures. The
rules are generally consistent with the
Basel Committee on Banking
Supervision’s 2014 revisions and
promote consistency in the calculation
of this ratio across jurisdictions. All
banking organizations that are subject to
the advanced approaches risk-based
capital rules 4 are required to disclose
their supplementary leverage ratios.5
Advanced approaches banking
organizations must report their
supplementary leverage ratios on the
applicable regulatory reports. The
calculation and disclosure requirements
for the supplementary leverage ratio in
the federal banking agencies’ regulatory
capital rules are generally consistent
with international standards published
by the Basel Committee on Banking
Supervision. These disclosures enhance
the transparency and consistency of
reporting requirements for the
supplementary leverage ratio by all
internationally active organizations.
Request for Comment

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Estimated time
per response
(hours)

Comments are invited on: (a) Whether
the collections of information are
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimates of the
burdens of the information collections,
including the validity of the
methodology and assumptions used; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (d) ways to minimize the
burden of the collections of information
on respondents, including through the
use of automated collection techniques
or other forms of information
technology. All comments will become
a matter of public record.
4 12
5 12

CFR 324.100(b)(1).
CFR 324.10(c), 324.172(d), and 324.173.

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Dated at Washington, DC, on May 22, 2018.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018–11292 Filed 5–24–18; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL MARITIME COMMISSION
Notice of Agreements Filed
The Commission hereby gives notice
of the filing of the following agreements
under the Shipping Act of 1984.
Interested parties may submit comments
on the agreements to the Secretary,
Federal Maritime Commission,
Washington, DC 20573, within twelve
days of the date this notice appears in
the Federal Register. Copies of the
agreements are available through the
Commission’s website (www.fmc.gov) or
by contacting the Office of Agreements
at (202)-523–5793 or tradeanalysis@
fmc.gov.
Agreement No.: 012463–002.
Title: Maersk/MSC/HMM Strategic
Cooperation Agreement.
Parties: Maersk Line A/S,
Mediterranean Shipping Company S.A.,
and Hyundai Merchant Marine Co., Ltd.
Filing Party: Wayne Rohde; Cozen
O’Connor; 1200 19th Street NW,
Washington, DC 20036.
Synopsis: The amendment deletes the
trade between North Europe and the
U.S. Atlantic Coast from the scope of the
Agreement and removes all provisions
related to that trade from the
Agreement. The amendment also
increases the amount of space to be
exchanged by the parties in the FE–
USWC trade and the amount of space to
be chartered in the FE–USEC trade.
Finally, it reflects an increase in the
number and size of vessels to be
operated by HMM.
Agreement No.: 012476–001.
Title: Maersk/HLAG/CMA CGM
ECUS–WCSA Slot Charter Agreement.
Parties: Maersk Line A/S, HapagLloyd AG, and CMA CGM S.A.
Filing Party: Wayne Rohde; Cozen
O’Connor; 1200 19th Street NW,
Washington, DC 20036.
Synopsis: The amendment deletes
Hamburg Sudamerkanische

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Dampschifffahrts-Gesellschaft KG as a
party and replaces it with Maersk Line
A/S, extends the initial term of the
Agreement, changes the name of the
Agreement, and restates the Agreement.
Agreement No.: 201251.
Title: Hapag-Lloyd/Maersk Line Slot
Exchange Agreement.
Parties: Hapag- Lloyd AG and Maersk
Line A/S.
Filing Party: Wayne Rohde; Cozen
O’Connor; 1200 19th Street NW,
Washington, DC 20036.
Synopsis: The Agreement authorizes
the parties to exchange space in the
trade between the U.S. Gulf Coast and
ports in Argentina, Brazil, Colombia, the
Dominican Republic, Mexico, Panama
and Uruguay. The parties have
requested Expedited Review.
Agreement No.: 201252.
Title: Marine Terminal Services
Agreement between Port of Houston
Authority and Mediterranean Shipping
Co. S.A.
Parties: Port of Houston Authority
and MSC Mediterranean Shipping
Company S.A.
Filing Party: Chasless Yancy; Port of
Houston Authority; 111 East Loop
North; Houston, TX 77029.
Synopsis: The Agreement sets forth
certain discounted rates and charges
applicable to MSC’s container vessels
calling at the Port of Houston
Authority’s Barbours Cut and Bayport
Container Terminals. The Agreement
will commence upon filing with the
Federal Maritime Commission, and the
term of the Agreement is for 10 years
following such filing, with an option to
jointly agree upon a five-year extension.
Agreement No.: 201253.
Title: Marine Terminal Services
Agreement between Port of Houston
Authority and Hapag-Lloyd AG.
Parties: Port of Houston Authority
and Hapag-Lloyd AG.
Filing Party: Chasless Yancy; Port of
Houston Authority; 111 East Loop
North; Houston, TX 77029.
Synopsis: The Agreement sets forth
certain discounted rates and charges
applicable to Hapag-Lloyd’s container
vessels calling at the Port of Houston
Authority’s Barbours Cut and Bayport
Container Terminals. Hapag Lloyd
(America) LLC is the authorized agent

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