60-Day Federal Register Notice

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Federal Register / Vol. 87, No. 13 / Thursday, January 20, 2022 / Notices

medical reports about the applicants’
vision, as well as their driving records
and experience driving with the vision
deficiency.

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IV. Conclusion
The Agency has determined that these
applicants do not satisfy the eligibility
criteria or meet the terms and
conditions of the Federal exemption and
granting these exemptions would not
provide a level of safety that would be
equivalent to, or greater than, the level
of safety that would be obtained by
complying with § 391.41(b)(10).
Therefore, the 33 applicants in this
notice have been denied exemptions
from the physical qualification
standards in § 391.41(b)(10).
Each applicant has, prior to this
notice, received a letter of final
disposition regarding his/her exemption
request. Those decision letters fully
outlined the basis for the denial and
constitute final action by the Agency.
This notice summarizes the Agency’s
recent denials as required under 49
U.S.C. 31315(b)(4) by periodically
publishing names and reasons for
denial.
The following two applicants did not
have sufficient driving experience over
the past 3 years under normal highway
operating conditions:
Lawrence L. Pedro (OR); and Johnnie E.
Washington (CT)
The following 24 applicants had no
experience operating a CMV:
Le’Sean S. Auguste (TX)
Jody D. Bennett (UT)
Joseph C. Carpenter (CA)
Richard E. Clemens (IL)
Vincent N. Crescenzo (NY)
Paul A. Davis (PA)
Efrain Gonzalez (TX)
Lawrence E. Grant (NH)
Brian J. Hall (MT)
Christopher S. Lambert (AR)
David Paul Mason (FL)
Courtney C. McFall (IL)
Louis L. Miller (KS)
Collin Mitchell (NY)
Jorge A. Pichardo (NC)
Henok G. Reda (WA)
Kathleen A. Santos (ME)
Domenic J. Scioletti (MA)
Randy J. Shackelton (NC)
Kenneth L. Storey (IN)
James H. Townsend (OH)
Jonathan O. Umanzor Serpas (MD)
Charles D. Vonschriltz (OK)
Patrick D. Woodward (NM)
The following three applicants did
not have 3 years of experience driving
a CMV on public highways with their
vision deficiencies:
Robert A. Freece (OR); James P. Gritz
(PA); and Terry L. Kirstein (TX)

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The following applicant, Robert J.
Stewart (CO), did not have 3 years of
recent experience driving a CMV on
public highways with their vision
deficiencies.
The following applicant, Richard E.
Hadler (MN), did not hold a license
which allowed operation of vehicles
over 26,000 lbs.
The following two applicants drove
interstate while restricted to intrastate
driving:
Shane E. Finnerud (WI); and David A.
Swan (IL)
Larry W. Minor,
Associate Administrator for Policy.
[FR Doc. 2022–01015 Filed 1–19–22; 8:45 am]
BILLING CODE 4910–EX–P

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE
CORPORATION
Proposed Agency Information
Collection Activities: Comment
Request
Office of the Comptroller of the
Currency (OCC), Treasury; Board of
Governors of the Federal Reserve
System (Board); and Federal Deposit
Insurance Corporation (FDIC).
ACTION: Joint notice and request for
comment.
AGENCY:

In accordance with the
requirements of the Paperwork
Reduction Act of 1995 (PRA), the OCC,
the Board, and the FDIC (the agencies)
may not conduct or sponsor, and the
respondent is not required to respond
to, an information collection unless it
displays a currently valid Office of
Management and Budget (OMB) control
number. The Federal Financial
Institutions Examination Council
(FFIEC), of which the agencies are
members, has approved the agencies’
publication for public comment of a
proposal to revise and extend the
Country Exposure Report (FFIEC 009)
and the Country Exposure Information
Report (FFIEC 009a), which are
currently approved collections of
information. The revisions to the FFIEC
009 and the FFIEC 009a are proposed to
take effect as of the December 31, 2022,
report date. At the end of the comment
period for this notice, the FFIEC and the
agencies will review any comments
received to determine whether to

SUMMARY:

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modify the proposal in response to
comments. As required by the PRA, the
agencies will then publish a second
Federal Register notice for a 30-day
comment period and submit the final
FFIEC 009 and FFIEC 009a to OMB for
review and approval.
DATES: Comments must be submitted on
or before March 21, 2022.
ADDRESSES: Interested parties are
invited to submit written comments to
any or all of the agencies. All comments,
which should refer to the OMB control
number(s), will be shared among the
agencies.
OCC: You may submit comments,
which should refer to ‘‘FFIEC 009 and
FFIEC 009a,’’ by any of the following
methods:
• Email: prainfo@occ.treas.gov.
• Mail: Chief Counsel’s Office, Office
of the Comptroller of the Currency,
Attention: 1557–0100, 400 7th Street
SW, Suite 3E–218, Washington, DC
20219.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0100’’ in your comment. In general, the
OCC will publish comments on
www.reginfo.gov without change,
including any business or personal
information provided, such as name and
address information, email addresses, or
phone numbers. Comments received,
including attachments and other
supporting materials, are part of the
public record and subject to public
disclosure. Do not include any
information in your comment or
supporting materials that you consider
confidential or inappropriate for public
disclosure.
You may review comments and other
related materials that pertain to this
information collection beginning on the
date of publication of the second notice
for this collection by any of the
following methods:
• Viewing Comments Electronically:
Go to www.reginfo.gov. Click on the
‘‘Information Collection Review’’ tab.
Underneath the ‘‘Currently under
Review’’ section heading, from the dropdown menu select ‘‘Department of
Treasury’’ and then click ‘‘submit’’. This
information collection can be located by
searching by OMB control number
‘‘1557–0100’’ or ‘‘FFIEC 009 and FFIEC
009a’’. Upon finding the appropriate
information collection, click on the
related ‘‘ICR Reference Number.’’ On the
next screen, select ‘‘View Supporting
Statement and Other Documents’’ and
then click on the link to any comment
listed at the bottom of the screen.

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Federal Register / Vol. 87, No. 13 / Thursday, January 20, 2022 / Notices
• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
Board: You may submit comments,
which should refer to ‘‘FFIEC 009 and
FFIEC 009a,’’ by any of the following
methods:
• Agency Website: http://www.federal
reserve.gov. Follow the instructions for
submitting comments at: http://
www.federalreserve.gov/generalinfo/
foia/ProposedRegs.cfm.
• Email: regs.comments@
federalreserve.gov. Include ‘‘FFIEC 009
and FFIEC 009a’’ in the subject line of
the message.
• Fax: (202) 452–3819 or (202) 452–
3102.
• Mail: Ann E. Misback, Secretary,
Board of Governors of the Federal
Reserve System, 20th Street and
Constitution Avenue NW, Washington,
DC 20551.
All public comments are available on
the Board’s website at https://
www.federalreserve.gov/apps/foia/
proposedregs.aspx as submitted, unless
modified for technical reasons.
Accordingly, your comments will not be
edited to remove any identifying or
contact information.
FDIC: You may submit comments,
which should refer to ‘‘FFIEC 009 and
FFIEC 009a,’’ by any of the following
methods:
• Agency Website: https://
www.fdic.gov/regulations/laws/federal/.
Follow the instructions for submitting
comments on the FDIC’s website.
• Federal eRulemaking Portal:
https://www.regulations.gov. Follow the
instructions for submitting comments.
• Email: comments@FDIC.gov.
Include ‘‘FFIEC 009 and FFIEC 009a’’ in
the subject line of the message.
• Mail: Manuel E. Cabeza, Counsel,
Attn: Comments, Room 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 550 17th Street Building
(located on F Street) on business days
between 7:00 a.m. and 5:00 p.m.
Public Inspection: All comments
received will be posted without change
to https://www.fdic.gov/regulations/
laws/federal/ including any personal
information provided. Paper copies of
public comments may be requested from
the FDIC Public Information Center by
telephone at (877) 275–3342 or (703)
562–2200.
Additionally, commenters may send a
copy of their comments to the OMB
desk officers for the agencies by mail to
the Office of Information and Regulatory

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Affairs, U.S. Office of Management and
Budget, New Executive Office Building,
Room 10235, 725 17th Street NW,
Washington, DC 20503; by fax to (202)
395–6974; or by email to oira_
submission@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT: For
further information about the
information collections discussed in
this notice, please contact any of the
agency staff whose names appear below.
In addition, copies of the FFIEC 009 and
FFIEC 009a reporting forms can be
obtained at the FFIEC’s website (https://
www.ffiec.gov/ffiec_report_forms.htm).
OCC: Kevin Korzeniewski, Counsel,
Chief Counsel’s Office, (202) 649–5490,
or for persons who are hearing
impaired, TTY, (202) 649–5597.
Board: Nuha Elmaghrabi, Federal
Reserve Board Clearance Officer, (202)
452–3884, Office of the Chief Data
Officer, Board of Governors of the
Federal Reserve System, 20th and C
Streets NW, Washington, DC 20551.
Telecommunications Device for the Deaf
(TDD) users may call (202) 263–4869.
FDIC: Manuel E. Cabeza, Counsel,
(202) 898–3767, Legal Division, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: The
agencies are proposing to extend for
three years, with revision, the FFIEC
009 and FFIEC 009a, which are
currently approved collections of
information for each agency.
Report Titles: Country Exposure
Report and Country Exposure
Information Report.
Form Numbers: FFIEC 009 and FFIEC
009a.
Frequency of Response: Quarterly.
Affected Public: Business or other for
profit.
OCC
OMB Number: 1557–0100.
Estimated Number of Respondents: 10
(FFIEC 009), 4 (FFIEC 009a).
Estimated Average Time per
Response: 135 hours (FFIEC 009), 6.5
hours (FFIEC 009a).
Estimated Total Annual Burden:
5,400 hours (FFIEC 009), 104 hours
(FFIEC 009a).
Board
OMB Number: 7100–0035.
Estimated Number of Respondents: 49
(FFIEC 009), 36 (FFIEC 009a).
Estimated Average Time per
Response: 135 hours (FFIEC 009), 6.5
hours (FFIEC 009a).
Estimated Total Annual Burden:
26,460 hours (FFIEC 009), 936 hours
(FFIEC 009a).
FDIC
OMB Number: 3064–0017.

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Estimated Number of Respondents: 13
(FFIEC 009), 8 (FFIEC 009a).
Estimated Average Time per
Response: 135 hours (FFIEC 009), 6.5
hours (FFIEC 009a).
Estimated Total Annual Burden:
7,020 hours (FFIEC 009), 208 hours
(FFIEC 009a).
I. General Description of Reports
The Country Exposure Report (FFIEC
009) is filed quarterly with the agencies
and provides information on
international claims of U.S. banks,
savings associations, Edge and/or
Agreement corporations, bank holding
companies, savings and loan holding
companies, and U.S. intermediate
holding companies of foreign banking
organizations (collectively, U.S. banking
organizations) that is used for
supervisory and analytical purposes.
The information is used to monitor the
foreign country exposures of reporting
institutions to determine the degree of
risk in their portfolios and assess the
potential risk of loss. The Country
Exposure Information Report (FFIEC
009a) is a supplement to the FFIEC 009
and provides publicly available
information on material foreign country
exposures (i.e., all exposures to a foreign
country in excess of 1 percent of total
assets or 20 percent of total capital,
whichever is less) of U.S. banking
organizations that file the FFIEC 009
report. As part of the FFIEC 009a,
reporting institutions also must furnish
a list of countries in which they have
lending exposures above 0.75 percent of
total assets or 15 percent of total capital,
whichever is less.
Legal Basis and Need for Collection
These information collections are
mandatory under the following statutes:
12 U.S.C. 161 and 1817 (national banks),
12 U.S.C. 1464 (federal savings
associations), 12 U.S.C. 248(a)(1) and
(2), 1844(c), and 3906 (state member
banks and bank holding companies); 12
U.S.C. 1467a(b)(2)(A) (savings and loan
holding companies); 12 U.S.C. 5365(a)
(intermediate holding companies); and
12 U.S.C. 1817 and 1820 (insured state
nonmember commercial and savings
banks and insured state savings
associations). The FFIEC 009
information collection is given
confidential treatment (5 U.S.C.
552(b)(4) and (b)(8)). The FFIEC 009a
information collection is not given
confidential treatment.
II. Current Actions
The FFIEC has approved issuing for
public comment a proposal to revise
and extend for three years the FFIEC
009 and 009a. The agencies propose the

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following revisions to the FFIEC 009
and 009a:

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A. Change From Ultimate Risk to
Guarantor Basis in the FFIEC 009
The FFIEC 009 requires respondents
to report their international claims
based on the country of residence of the
counterparty and, additionally, to
redistribute these immediatecounterparty claims to provide the
country of residence of the guarantors or
collateral of the claims. This
redistribution is termed ‘‘Ultimate Risk
Basis;’’ however, the redistribution
specified in the current FFIEC 009
instructions does not always identify
the ultimate bearer of risk but does
identify the country of a guarantor. The
term ‘‘Guarantor Basis’’ more accurately
describes what is being collected.
Therefore, the agencies propose to
rename the ‘‘Ultimate Risk Basis’’
columns on the FFIEC 009 to
‘‘Guarantor Basis’’ and make
corresponding changes to the
instructions. The agencies do not
consider this modification to be
substantive. However, the agencies have
included the modification in this notice
to ensure institutions are aware that the
data currently collected in these
columns are not impacted by the change
in the names of the columns.
B. Addition of Two New Collateral
Columns to the FFIEC 009
The 2013 revision of the FFIEC 009
report introduced memorandum items
on collateral pledged against claims that
is not eligible for risk transfer treatment
as defined in the report instructions.
The items were introduced to help
‘‘users to better assess net risks based on
their own assumptions about the
benefits of the collateral,’’ and were also
intended to ‘‘produce greater insight
into reporting institutions’ own internal
calculations of foreign country
exposure, which typically take collateral
into account.’’ 1 This information is
especially useful for certain claims such
as reverse repurchase agreements and
other securities financing transactions
reported on a direct counterparty basis.
However, while the FFIEC 009 and
FFIEC 009a collect information
regarding the amount of collateral that
originates in the same country as the
direct counterparty, the reports do not
record the source of collateral if it has
other origins, be it the United States
(U.S.) or any other countries. This limits
the ability of users to assess the extent
to which collateral mitigates risk
because the mitigation could be greater
(e.g., if the collateral originates in the
1 78

FR 6176, 6179 (January 29, 2013).

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U.S.), or less (if the collateral originates
in a lower-rated third country) than the
risk mitigation provided by collateral
from the same country as the direct
counterparty. This could also affect the
ability of the FFIEC agencies to monitor
U.S. bank exposures to high-risk
countries.2
As of September 30, 2021, the FFIEC
009 reports included $1.039 trillion in
collateral supporting claims not eligible
for risk transfer. Some $607 billion of
this collateral originated outside of the
country of the direct counterparty,
equivalent to 13.2 percent of all U.S.
banking organizations’ direct
outstanding claims. Furthermore, $152
billion of the $607 billion of collateral
involved claims against counterparties
domiciled in the Cayman Islands,
representing 29 percent of direct
outstanding claims to that jurisdiction.
Other countries where collateral against
claims not eligible for risk transfer and
not originating in the same country
exceeded $25 billion, or 15 percent of
direct outstanding claims, included, but
not limited to, France, Japan, Canada,
the United Kingdom, Germany,
Singapore, South Korea, Ireland and
Luxembourg.
The agencies propose adding two new
columns to the FFIEC 009, Schedule C,
Part II, Claims on an Ultimate Risk Basis
and Memorandum Items, under
‘‘Collateral Held Against Claims With
No Risk Transfer.’’ The title of the first
additional column would be: ‘‘Of Which
U.S.,’’ which would be inserted after the
column titled ‘‘Of Which, Same
Country.’’ This new column would
show the amount of collateral that
consists of U.S. Treasury securities or
other securities issued by the U.S. The
title of the second new column would
be: ‘‘Of Which Resale and Reverse
Repurchase Agreements and Securities
Lending (Collateral).’’ This column
would duplicate the existing column
that reports collateral for financing and
securities lending based on the country
of the counterparty (currently column
16) but would reallocate amounts based
on the country in which the collateral
was issued. Together, these two new
columns, along with column 16, would
help provide a more complete view of
the origin of collateral and its value as
a risk mitigant. This proposed change to
the FFIEC 009 would improve
information on the origin of the
2 For

example, in 1979, the OCC, FDIC and Board
established the Interagency Country Exposure
Review Committee to ensure consistent treatment of
the transfer risk associated with banks’ foreign
exposures to both public- and private-sector
entities. See https://www.fdic.gov/regulations/
safety/guide/icerc.pdf.

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underlying securities acting as collateral
for claims with no risk transfer.
C. Adjustment of Reporting Thresholds
on the FFIEC 009a
The current FFIEC 009a form consists
of two parts, Part A and Part B. Part A
requires detailed information on total
exposures to any foreign country in
excess of 1 percent of the institution’s
total assets or 20 percent of the
institution’s total capital, whichever is
less. Part B requires only the country
name for exposures to any foreign
country in excess of 0.75 percent of the
institution’s total assets or 15 percent of
the institution’s total capital, whichever
is less, and is not listed in Part A.
The current format of Part B of the
FFIEC 009a (i.e., a list of country names)
and the difference in level of detail
between Part A and Part B reporting
requirements have caused confusion
and errors for reporting institutions. In
addition, the more limited detail
available in Part B reporting makes this
portion of the report much less useful
than the more granular reporting in Part
A. Therefore, the agencies propose to
eliminate Part B of the FFIEC 009a and
expand the scope for reporting the more
granular information currently in Part
A. Under the proposed scope, reporting
institutions would have to report more
granular exposure information for each
foreign country that exceeds the lesser
of 0.75 percent of total assets or 15
percent of total capital, which is the
current Part B threshold. Revising the
scope to provide additional reporting
granularity to the public should result
in negligible additional burden for
reporting institutions because similar
granularity is already being reported in
the FFIEC 009.
Based on recent reporting, the
proposed change is expected to provide
more granular disclosure for over $200
billion in additional foreign claims,
mostly by global systemically important
banking organizations.3 Additionally,
the agencies expect a limited impact to
reporting institutions, as approximately
one-third of reporting institutions will
have no additional countries to report,
about one-third of reporting institutions
will provide more detail for one
additional country, and the remaining
reporting institutions will provide more
detail for an average of an additional
two countries each.
D. Addition of Immediate-Counterparty
Claims Columns to FFIEC 009a
The FFIEC 009a data provide
important market transparency and
comparability data regarding banking
3 As

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organizations’ foreign claims. The
agencies propose to enhance its
effectiveness by adding key information
on an immediate-counterparty basis.
The current format of the FFIEC 009a
concentrates primarily on guarantor
basis (currently labelled Ultimate Risk
Basis) claims. Guarantor basis
information can be somewhat opaque to
the public and generally reflects an
implicit assumption of full
substitutability between claims
exposure and offsets such as credit
derivatives or collateral.
The agencies propose to add six
columns of information that report
immediate-counterparty claims:
—One new column for Amount of
Cross-Border Claims Outstanding
(Excluding Derivative Products)
—One new column for Amount of
Foreign Office Claims on Local
Residents (Excluding Derivative
Products)
—Four new columns for Distribution of
Amount of Cross-Border Claims
across counterparty sector, that is,
Banks, Public, Non-Bank Financial
Institutions (NBFIs) and Other.
These new columns would parallel
the existing Part A, columns (1), (2) and
(6)–(9) except they would be reported
on an immediate-counterparty basis
rather than a guarantor basis. The
agencies would retain the existing
Guarantor Basis columns.

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E. Change in Burden
Collectively, the agencies expect the
proposed changes would result in an
increase in burden per submission of

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the FFIEC 009 of 4 hours, from 131
hours to 135 hours. This change in
burden is primarily due to the proposed
changes to add two new collateral
columns. Since the proposed revisions
to the FFIEC 009a reflect disclosures of
data already collected, but not currently
disclosed, on the FFIEC 009, the
agencies expect that the burden per
submission of the FFIEC 009a would
increase by 0.5 hours, from 6 hours to
6.5 hours.
III. Request for Comment
Public comment is requested on all
aspects of this notice. Comment is also
specifically invited on:
(a) Whether the information
collections are necessary for the proper
performance of the agencies’ functions,
including whether the information has
practical utility;
(b) The accuracy of the agencies’
estimates of the burden 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;
(d) Ways to minimize the burden of
information collections on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and
(e) Estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Comments submitted in response to
this joint notice will be shared among

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the agencies. All comments will become
a matter of public record.
Patrick T. Tierney,
Assistant Director, Bank Advisory, Office of
the Comptroller of the Currency.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
Board of Governors of the Federal Reserve
System.
Dated at Washington, DC, on January 13,
2022.
James P. Sheesley,
Assistant Executive Secretary, Federal
Deposit Insurance Corporation.
[FR Doc. 2022–01013 Filed 1–19–22; 8:45 am]
BILLING CODE 4810–33–P; 6210–01–P, 6714–01–P

DEPARTMENT OF THE TREASURY
Notice of Availability; Data Collection
Effort for E.O. 13985—Increasing
Equity in Procurement Spending
Barrier Assessment
Correction
In notice document 2022–00473,
appearing on pages 2240–2241, in the
issue of Thursday, January 13, 2022,
make the following correction:
On page 2240, in the third column, in
the ADDRESSES section, the second
through fourth lines should read:
https://survey.alchemer.com/s3/
6659553/OSBDU-Data-CollectionEffort-for-EO-13985.
[FR Doc. C1–2022–00473 Filed 1–19–22; 8:45 am]
BILLING CODE 0099–10–D

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