FINANCIAL INSTITUTION REPORTS

48932

Federal Register / Vol. 78, No. 155 / Monday, August 12, 2013 / Notices

1 The Board will grant a stay if an informed

decision on environmental issues (whether raised

by a party or by the Board’s Office of Environmental

Analysis (OEA) in its independent investigation)

cannot be made before the exemption’s effective

date. See Exemption of Out-of-Serv. Rail Lines, 5

I.C.C. 2d 377 (1989). Any request for a stay should

be filed as soon as possible so that the Board may

take appropriate action before the exemption’s

effective date.

2 Each OFA must be accompanied by the filing

fee, which is currently set at $1,600. See 49 CFR

1002.2(f)(25).

1 See http://www.occ.treas.gov/news-issuances/

news-releases/2013/nr-occ-2013–110.html, July 9,

2013 (OCC); http://www.federalreserve.gov/

newsevents/press/bcreg/20130702a.htm, July 2,

2013 (Board); and http://www.fdic.gov/news/news/

press/2013/pr13060.html, July 9, 2013 (FDIC).

exemption will be effective on

September 11, 2013, unless stayed

pending reconsideration. Petitions to

stay that do not involve environmental

issues,1 formal expressions of intent to

file an OFA under 49 CFR

1152.27(c)(2),2 and trail use/rail banking

requests under 49 CFR 1152.29 must be

filed by August 22, 2013. Petitions to

reopen or requests for public use

conditions under 49 CFR 1152.28 must

be filed by September 3, 2013, with the

Surface Transportation Board, 395 E

Street SW., Washington, DC 20423–

0001.

A copy of any petition filed with the

Board should be sent to NSR’s

representative: Robert A. Wimbish,

Baker & Miller PLLC, 2401 Pennsylvania

Ave. NW., Suite 300, Washington, DC

20037.

If the verified notice contains false or

misleading information, the exemption

is void ab initio.

NSR has filed a combined

environmental and historic report that

addresses the effects, if any, of the

abandonment on the environment and

historic resources. OEA will issue an

environmental assessment (EA) by

August 16, 2013

PLLC, 2401 Pennsylvania

Ave. NW., Suite 300, Washington, DC

20037.

If the verified notice contains false or

misleading information, the exemption

is void ab initio.

NSR has filed a combined

environmental and historic report that

addresses the effects, if any, of the

abandonment on the environment and

historic resources. OEA will issue an

environmental assessment (EA) by

August 16, 2013. Interested persons may

obtain a copy of the EA by writing to

OEA (Room 1100, Surface

Transportation Board, Washington, DC

20423–0001) or by calling OEA at (202)

245–0305. Assistance for the hearing

impaired is available through the

Federal Information Relay Service at

(800) 877–8339. Comments on

environmental and historic preservation

matters must be filed within 15 days

after the EA becomes available to the

public.

Environmental, historic preservation,

public use, or trail use/rail banking

conditions will be imposed, where

appropriate, in a subsequent decision.

Pursuant to the provisions of 49 CFR

1152.29(e)(2), NSR shall file a notice of

consummation with the Board to signify

that it has exercised the authority

granted and fully abandoned the Line. If

consummation has not been effected by

NSR’s filing of a notice of

consummation by August 12, 2014, and

there are no legal or regulatory barriers

to consummation, the authority to

abandon will automatically expire.

Board decisions and notices are

available on our Web site at

‘‘WWW.STB.DOT.GOV.’’

Decided: August 7, 2013.

By the Board, Rachel D. Campbell,

Director, Office of Proceedings.

Derrick A. Gardner,

Clearance Clerk.

[FR Doc

iling of a notice of

consummation by August 12, 2014, and

there are no legal or regulatory barriers

to consummation, the authority to

abandon will automatically expire.

Board decisions and notices are

available on our Web site at

‘‘WWW.STB.DOT.GOV.’’

Decided: August 7, 2013.

By the Board, Rachel D. Campbell,

Director, Office of Proceedings.

Derrick A. Gardner,

Clearance Clerk.

[FR Doc. 2013–19433 Filed 8–9–13; 8:45 am]

BILLING CODE 4915–01–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

AGENCY: 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.

SUMMARY: In accordance with the

requirements of the Paperwork

Reduction Act (PRA) of 1995 (44 U.S.C.

chapter 35), 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 agencies,

under the auspices of the Federal

Financial Institutions Examination

Council (FFIEC), have approved the

publication for public comment of

proposed revisions to regulatory capital

components and ratios portion of

Schedule RC–R, Regulatory Capital, in

the Consolidated Reports of Condition

and Income (Call Report or FFIEC 031

and FFIEC 041) and to the Risk-Based

Capital Reporting for Institutions

Subject to the Advanced Capital

Adequacy Framework (FFIEC 101)

Council (FFIEC), have approved the

publication for public comment of

proposed revisions to regulatory capital

components and ratios portion of

Schedule RC–R, Regulatory Capital, in

the Consolidated Reports of Condition

and Income (Call Report or FFIEC 031

and FFIEC 041) and to the Risk-Based

Capital Reporting for Institutions

Subject to the Advanced Capital

Adequacy Framework (FFIEC 101). The

proposed revisions to the Call Report

and the FFIEC 101 are consistent with

the revised regulatory capital rules

approved by the agencies during July

2013 (revised regulatory capital rules).1

Institutions subject to the advanced

approaches risk-based capital rules

(advanced approaches banking

organizations) that are not savings and

loan holding companies would begin

reporting on the proposed revised FFIEC

101 and, if applicable, proposed revised

Call Report Schedule RC–R effective

March 31, 2014. Advanced approaches

banking organizations that are savings

and loan holding companies and that

are subject to the revised regulatory

capital rules would begin reporting on

the proposed revised FFIEC 101

effective March 31, 2015. All other

institutions that are required to file the

Call Report would begin reporting on

proposed revised Call Report Schedule

RC–R effective March 31, 2015.

At the end of the comment period, the

comments and recommendations

received will be analyzed to determine

the extent to which the FFIEC and the

agencies should modify the proposed

reporting revisions prior to giving final

approval. The agencies will then submit

the proposed reporting revisions to

OMB for review and approval

osed revised Call Report Schedule

RC–R effective March 31, 2015.

At the end of the comment period, the

comments and recommendations

received will be analyzed to determine

the extent to which the FFIEC and the

agencies should modify the proposed

reporting revisions prior to giving final

approval. The agencies will then submit

the proposed reporting revisions to

OMB for review and approval.

In connection with the revised

regulatory capital rules, published

elsewhere in today’s Federal Register,

the Board proposes to make

corresponding revisions to the

Consolidated Financial Statements for

Holding Companies (FR Y–9C) and to

collect consolidated regulatory capital

data from savings and loan holding

companies with total consolidated

assets of less than $500 million that are

subject to the revised regulatory capital

rules on the Parent Company Only

Financial Statements for Holding

Companies (FR Y–9SP).

DATES: Comments must be submitted on

or before October 11, 2013.

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: Because paper mail in the

Washington, DC, area and at the OCC is

subject to delay, commenters are

encouraged to submit comments by

email if possible. Comments may be

sent to: Legislative and Regulatory

Activities Division, Office of the

Comptroller of the Currency, Attention:

1557–0081 and 1557–0239, 400 7th

Street SW., Suite 3E–218, Mail Stop

9W–11, Washington, DC 20219. In

addition, comments may be sent by fax

to (571) 465–4326 or by electronic mail

to regs.comments@occ.treas.gov. You

may personally inspect and photocopy

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7–0239, 400 7th

Street SW., Suite 3E–218, Mail Stop

9W–11, Washington, DC 20219. In

addition, comments may be sent by fax

to (571) 465–4326 or by electronic mail

to regs.comments@occ.treas.gov. You

may personally inspect and photocopy

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48933

Federal Register / Vol. 78, No. 155 / Monday, August 12, 2013 / Notices

comments at the OCC, 400 7th Street

SW., Washington, DC 20219. For

security reasons, the OCC requires that

visitors make an appointment to inspect

comments. You may do so by calling

(202) 649–6700. Upon arrival, visitors

will be required to present valid

government-issued photo identification

and to submit to security screening in

order to inspect and photocopy

comments.

All comments received, including

attachments and other supporting

materials, are part of the public record

and subject to public disclosure. Do not

enclose any information in your

comment or supporting materials that

you consider confidential or

inappropriate for public disclosure.

Board: You may submit comments,

which should refer to ‘‘FFIEC 031,

FFIEC 041, and FFIEC 101,’’ by any of

the following methods:

• Agency Web site: http://

www.federalreserve.gov. Follow the

instructions for submitting comments at:

http://www.federalreserve.gov/

generalinfo/foia/ProposedRegs.cfm.

• Federal eRulemaking Portal: http://

www.regulations.gov. Follow the

instructions for submitting comments.

• Email:

regs.comments@federalreserve.gov.

Include reporting form number in the

subject line of the message.

• Fax: (202) 452–3819 or (202) 452–

3102.

• Mail: Robert DeV. Frierson,

Secretary, Board of Governors of the

Federal Reserve System, 20th Street and

Constitution Avenue NW., Washington,

DC 20551

rtal: http://

www.regulations.gov. Follow the

instructions for submitting comments.

• Email:

regs.comments@federalreserve.gov.

Include reporting form number in the

subject line of the message.

• Fax: (202) 452–3819 or (202) 452–

3102.

• Mail: Robert DeV. Frierson,

Secretary, Board of Governors of the

Federal Reserve System, 20th Street and

Constitution Avenue NW., Washington,

DC 20551.

All public comments are available from

the Board’s Web site at

www.federalreserve.gov/generalinfo/

foia/ProposedRegs.cfm as submitted,

unless modified for technical reasons.

Accordingly, your comments will not be

edited to remove any identifying or

contact information. Public comments

may also be viewed electronically or in

paper in Room MP–500 of the Board’s

Martin Building (20th and C Streets

NW.) between 9:00 a.m. and 5:00 p.m.

on weekdays.

FDIC: You may submit comments,

which should refer to ‘‘FFIEC 031,

FFIEC 041, and FFIEC 101,’’ by any of

the following methods:

• Agency Web site: http://

www.fdic.gov/regulations/laws/federal/

propose.html. Follow the instructions

for submitting comments on the FDIC

Web site.

• Federal eRulemaking Portal: http://

www.regulations.gov. Follow the

instructions for submitting comments.

• Email: comments@FDIC.gov.

Include ‘‘FFIEC 031, FFIEC 041, and

FFIEC 101’’ in the subject line of the

message.

• Mail: Gary A. Kuiper, Counsel,

Attn: Comments, Room NYA–5046,

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 a.m. and 5 p.m. Public

Inspection: All comments received will

be posted without change to http://

www.fdic.gov/regulations/laws/federal/

propose.html including any personal

information provided. Comments may

be inspected at the FDIC Public

Information Center, Room E–1002, 3501

Fairfax Drive, Arlington, VA 22226,

between 9 a.m. and 5 p.m

g

(located on F Street) on business days

between 7 a.m. and 5 p.m. Public

Inspection: All comments received will

be posted without change to http://

www.fdic.gov/regulations/laws/federal/

propose.html including any personal

information provided. Comments may

be inspected at the FDIC Public

Information Center, Room E–1002, 3501

Fairfax Drive, Arlington, VA 22226,

between 9 a.m. and 5 p.m. on business

days.

Additionally, commenters may send a

copy of their comments to the OMB

desk officer for the agencies by mail to

the Office of Information and Regulatory

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 proposed

revisions to regulatory reporting

requirements discussed in this notice,

please contact any of the agency

clearance officers whose names appear

below. In addition, copies of the

proposed revised Call Report Schedule

RC–R and FFIEC 101 forms and

instructions can be obtained at the

FFIEC’s Web site (http://www.ffiec.gov/

ffiec_report_forms.htm).

OCC: Mary H. Gottlieb and Johnny

Vilela, OCC Clearance Officers, (202)

649–5490, Legislative and Regulatory

Activities Division, Office of the

Comptroller of the Currency, 400 7th

Street SW., Washington, DC 20219.

Board: Cynthia Ayouch, Federal

Reserve Board Clearance Officer, (202)

452–3829, 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: Gary A. Kuiper, Counsel, (202)

898–3877, Legal Division, Federal

Deposit Insurance Corporation, 550 17th

Street NW., Washington, DC 20429

Board Clearance Officer, (202)

452–3829, 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: Gary A. Kuiper, Counsel, (202)

898–3877, Legal Division, Federal

Deposit Insurance Corporation, 550 17th

Street NW., Washington, DC 20429.

SUPPLEMENTARY INFORMATION: The

agencies are proposing to revise,

without extension, the Call Report and

to revise, with extension, the FFIEC 101,

which are currently approved

collections of information for each

agency.

Report Title: Consolidated Reports of

Condition and Income (Call Report).

Form Number: Call Report: FFIEC 031

(for banks with domestic and foreign

offices) and FFIEC 041 (for banks with

domestic offices only).

Frequency of Response: Quarterly.

Affected Public: Business or other for-

profit.

OCC:

OMB Number: 1557–0081.

Estimated Number of Respondents:

1,787 national banks and federal savings

associations.

Estimated Time per Response: 55.39

burden hours per quarter to file.

Estimated Total Annual Burden:

395,928 burden hours to file.

Board:

OMB Number: 7100–0036.

Estimated Number of Respondents:

843 state member banks.

Estimated Time per Response: 57.29

burden hours per quarter to file.

Estimated Total Annual Burden:

193,182 burden hours to file.

FDIC:

OMB Number: 3064–0052.

Estimated Number of Respondents:

4,369 insured state nonmember banks

and state savings associations.

Estimated Time per Response: 42.06

burden hours per quarter to file.

Estimated Total Annual Burden:

735,041 burden hours to file.

The estimated time per response for

the quarterly filings of the Call Report

is an average that varies by agency

because of differences in the

composition of the institutions under

each agency’s supervision (e.g., size

distribution of institutions, types of

activities in which they are engaged,

and existence of foreign offices)

Estimated Total Annual Burden:

735,041 burden hours to file.

The estimated time per response for

the quarterly filings of the Call Report

is an average that varies by agency

because of differences in the

composition of the institutions under

each agency’s supervision (e.g., size

distribution of institutions, types of

activities in which they are engaged,

and existence of foreign offices). The

average reporting burden for the filing of

the Call Report as it is proposed to be

revised is estimated to range from 18 to

750 hours per quarter, depending on an

individual institution’s circumstances.

Report Title: Risk-Based Capital

Reporting for Institutions Subject to the

Advanced Capital Adequacy

Framework.

Form Number: FFIEC 101.

Frequency of Response: Quarterly.

Affected Public: Business or other for-

profit.

OCC:

OMB Number: 1557–0239.

Estimated Number of Respondents: 14

national banks and federal savings

associations.

Estimated Time per Response: 676

burden hours per quarter to file.

Estimated Total Annual Burden:

37,856 burden hours to file.

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48934

Federal Register / Vol. 78, No. 155 / Monday, August 12, 2013 / Notices

2 An advanced approaches institution as defined

in the agencies’ revised regulatory capital rules (i)

has consolidated total assets (excluding assets held

by an insurance underwriting subsidiary) on its

most recent year-end regulatory report equal to

$250 billion or more; (ii) has consolidated total on-

balance sheet foreign exposure on its most recent

year-end regulatory report equal to $10 billion or

more (excluding exposures held by an insurance

underwriting subsidiary); (iii) is a subsidiary of a

depository institution that uses the advanced

approaches pursuant to subpart E of 12 CFR part 3

(OCC), 12 CFR part 217 (Board), or 12 CFR part 325

(FDIC) to calculate its total risk-weighted assets;

sheet foreign exposure on its most recent

year-end regulatory report equal to $10 billion or

more (excluding exposures held by an insurance

underwriting subsidiary); (iii) is a subsidiary of a

depository institution that uses the advanced

approaches pursuant to subpart E of 12 CFR part 3

(OCC), 12 CFR part 217 (Board), or 12 CFR part 325

(FDIC) to calculate its total risk-weighted assets; (iv)

is a subsidiary of a bank holding company or

savings and loan holding company that uses the

advanced approaches pursuant to 12 CFR part 217

to calculate its total risk-weighted assets; or (v)

elects to use the advanced approaches to calculate

its total risk-weighted assets.

Board:

OMB Number: 7100–0319.

Estimated Number of Respondents: 20

state member banks, bank holding

companies, and savings and loan

holding companies.

Estimated Time per Response: 676

burden hours per quarter to file.

Estimated Total Annual Burden:

54,080 burden hours to file.

FDIC:

OMB Number: 3064–0159.

Estimated Number of Respondents: 8

insured state nonmember banks and

state savings associations.

Estimated Time per Response: 676

burden hours per quarter to file.

Estimated Total Annual Burden:

21,632 burden hours to file.

General Description of Reports

The Call Report information

collections are mandatory for the

following institutions: 12 U.S.C. 161

(national banks), 12 U.S.C. 324 (state

member banks), 12 U.S.C. 1817 (insured

state nonmember commercial and

savings banks), and 12 U.S.C. 1464

(savings associations) (collectively, Call

Report filers). At present, except for

selected data items, Call Report

information collections are not given

confidential treatment.

The FFIEC 101 information

collections are mandatory for

institutions using the advanced

approaches risk-based capital rule

(advanced approaches banking

organizations): 12 U.S.C. 161 (national

banks), 12 U.S.C. 324 and 12 U.S.C.

1844(c) (state member banks and bank

holding companies, respectively), 12

U.S.C

items, Call Report

information collections are not given

confidential treatment.

The FFIEC 101 information

collections are mandatory for

institutions using the advanced

approaches risk-based capital rule

(advanced approaches banking

organizations): 12 U.S.C. 161 (national

banks), 12 U.S.C. 324 and 12 U.S.C.

1844(c) (state member banks and bank

holding companies, respectively), 12

U.S.C. 1467a(b) (savings and loan

holding companies), 12 U.S.C. 1817

(insured state nonmember commercial

and savings banks), and 12 U.S.C. 1464

(savings associations). Under the

agencies’ current practice, the FFIEC

101 information collections are given

confidential treatment (5 U.S.C.

552(b)(4)) for report dates until after the

reporting institution conducts a

satisfactory parallel run. For report

dates thereafter, Schedules A and B, as

well as line items 1 and 2 of Schedule

S, of the institution’s FFIEC 101 are no

longer given confidential treatment. The

agencies propose to make public the

information collected on the proposed

FFIEC 101 Schedule A, except for a few

advanced approaches-specific line

items, for all advanced approaches

banking organizations, regardless of

their parallel run status, starting with

the report for the March 31, 2014, report

date, consistent with the

implementation timeline established by

the revised regulatory capital rules.

Abstract

Call Report: Institutions submit Call

Report data to the agencies each quarter

for the agencies’ use in monitoring the

condition, performance, and risk profile

of individual institutions and the

industry as a whole. Call Report data

provide the most current statistical data

available for evaluating institutions’

corporate applications, identifying areas

of focus for on-site and off-site

examinations, and monetary and other

public policy purposes

encies each quarter

for the agencies’ use in monitoring the

condition, performance, and risk profile

of individual institutions and the

industry as a whole. Call Report data

provide the most current statistical data

available for evaluating institutions’

corporate applications, identifying areas

of focus for on-site and off-site

examinations, and monetary and other

public policy purposes. The agencies

use Call Report data in evaluating

interstate merger and acquisition

applications to determine, as required

by law, whether the resulting institution

would control more than ten percent of

the total amount of deposits of insured

depository institutions in the United

States. Call Report data also are used to

calculate institutions’ deposit insurance

and Financing Corporation assessments

and national banks’ and federal savings

associations’ semiannual assessment

fees.

FFIEC 101: Each advanced

approaches banking organization is

required to file quarterly regulatory

capital data. The agencies use these data

to assess and monitor the levels and

components of each reporting entity’s

risk-based capital requirements and the

adequacy of the entity’s capital under

the Advanced Capital Adequacy

Framework; to evaluate the impact and

competitive implications of the

Advanced Capital Adequacy Framework

on individual reporting entities and on

an industry-wide basis; and to

supplement on-site examination

processes. The reporting schedules also

assist advanced approaches banking

organizations in understanding

expectations around the system

development necessary for

implementation and validation of the

Advanced Capital Adequacy

Framework. Submitted data that are

released publicly will also provide other

interested parties with information

about advanced approaches banking

organizations’ regulatory capital.

Current Actions

I. Overview of the Proposed Changes

A

organizations in understanding

expectations around the system

development necessary for

implementation and validation of the

Advanced Capital Adequacy

Framework. Submitted data that are

released publicly will also provide other

interested parties with information

about advanced approaches banking

organizations’ regulatory capital.

Current Actions

I. Overview of the Proposed Changes

A. Summary of Proposed Changes

Call Report

Call Report Schedule RC–R collects

regulatory data on tier 1, tier 2, and total

capital and regulatory capital ratios

(regulatory capital components and

ratios portion) and on risk-weighted

assets (risk-weighted assets portion).

The agencies are proposing at this time

to revise the reporting requirements for

the regulatory capital components and

ratios portion of Call Report Schedule

RC–R, consistent with the revised

regulatory capital rules. Compared to

the current schedule, the proposed

regulatory capital components and

ratios portion of Schedule RC–R would

provide a more detailed breakdown of

the regulatory capital elements,

including deductions and adjustments,

consistent with the revised regulatory

capital rules. For report dates in 2014,

the regulatory capital components and

ratios portion of Schedule RC–R would

be designated Parts I.A and I.B. Call

Report filers that are not advanced

approaches institutions 2 would file Part

I.A, which would include existing data

items 1 through 33 of current Schedule

RC–R. Call Report filers that are subject

to advanced approaches and to the

revised regulatory capital rule effective

January 1, 2014, would file Part I.B,

which would include the reporting

revisions proposed herein consistent

with the revised regulatory capital rules.

In March 2015, Part I.A would be

removed and Part I.B would be

designated Part I; all Call Report filers

would then submit Part I. The proposed

changes to Call Report Schedule RC–R

are discussed in more detail in section

II below

fective

January 1, 2014, would file Part I.B,

which would include the reporting

revisions proposed herein consistent

with the revised regulatory capital rules.

In March 2015, Part I.A would be

removed and Part I.B would be

designated Part I; all Call Report filers

would then submit Part I. The proposed

changes to Call Report Schedule RC–R

are discussed in more detail in section

II below.

The agencies expect to publish at a

later date a request for comment on a

separate proposal to revise the risk-

weighted assets portion of Call Report

Schedule RC–R to incorporate the

standardized approach for calculating

risk-weighted assets under the revised

regulatory capital rules. The revisions to

the risk-weighted assets portion of

Schedule RC–R would take effect March

31, 2015. The agencies are proposing

changes to Schedule RC–R in two stages

to allow interested parties to better

understand the proposed revisions and

focus their comments on areas of

particular interest. Therefore, for report

dates in 2014, all Call Report filers

would continue to report risk-weighted

assets in the portion of Schedule RC–R

that contains existing data items 34

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48935

Federal Register / Vol. 78, No. 155 / Monday, August 12, 2013 / Notices

3 See Basel Committee on Banking Supervision,

Composition of capital disclosure requirements;

Annex 1; available at http://www.bis.org/publ/

bcbs221.pdf.

4 For report dates in 2014, the regulatory capital

components and ratios portion of Schedule RC–R

would be presented as two parts. Part 1.A would

be identical to the current regulatory capital

components and ratios portion of Schedule RC–R

and it would be used by Call Report filers that are

not subject to the advanced approaches rules

x 1; available at http://www.bis.org/publ/

bcbs221.pdf.

4 For report dates in 2014, the regulatory capital

components and ratios portion of Schedule RC–R

would be presented as two parts. Part 1.A would

be identical to the current regulatory capital

components and ratios portion of Schedule RC–R

and it would be used by Call Report filers that are

not subject to the advanced approaches rules. Part

I.B would be the proposed revised regulatory

capital components and ratios portion of Schedule

RC–R and it would be used by Call Report filers that

are subject to the advanced approaches rules.

Starting on the March 31, 2015, report date, Part I.A

would be eliminated and the proposed Part I.B of

Schedule RC–R would be relabeled Part I, would be

the only template for reporting regulatory capital

data and regulatory capital ratios, and would be

used by all Call Report filers.

5 Advanced approaches banking organizations

that file the FR Y–9C would report their regulatory

capital on proposed revised FR Y–9C Schedule HC–

R, as described in the Federal Register notice

published by the Board.

6 The revised regulatory capital rules apply to

top-tier SLHCs that are not substantially engaged in

insurance or commercial activities (covered SLHCs)

as defined in the rules.

7 The agencies’ general risk-based capital rules are

at 12 CFR part 3, appendix A, and 12 CFR part 167

(OCC); 12 CFR parts 208 and 225, appendix A

(Board); and 12 CFR part 325, appendix A, and 12

CFR part 390, subpart Z (FDIC).

through 62 and Memorandum items 1

and 2 of current Schedule RC–R, but

this portion of the schedule would be

designated Part II and the data items

would be renumbered beginning with

item 1

isk-based capital rules are

at 12 CFR part 3, appendix A, and 12 CFR part 167

(OCC); 12 CFR parts 208 and 225, appendix A

(Board); and 12 CFR part 325, appendix A, and 12

CFR part 390, subpart Z (FDIC).

through 62 and Memorandum items 1

and 2 of current Schedule RC–R, but

this portion of the schedule would be

designated Part II and the data items

would be renumbered beginning with

item 1.

FFIEC 101

The proposed revised FFIEC 101

Schedule A for advanced approaches

banking organizations incorporates the

Basel III common disclosure template

that was adopted by the Basel

Committee on Banking Supervision in

June 2012 (Basel III common disclosure

template).3 The proposed revised

Schedule A incorporates the Basel III

capital disclosure template in its

entirety, with some minor changes to

the titles of the line items, consistent

with the revised regulatory capital rules

and accounting terminology of U.S.

generally accepted accounting

principles (GAAP). Line items that are

not applicable to U.S. banking

organizations are shaded out and

marked as not applicable (for example,

prudential valuation adjustments in line

item 7 and additional tier 1 capital

instruments classified as equity or

liabilities under GAAP in line items 31

and 32). The agencies believe that

incorporating the complete Basel III

common disclosure template into

Schedule A is essential to ensure

transparency and comparability of

reporting of regulatory capital elements

among internationally active

institutions. The proposed revised

Schedule A also includes additional

line items, such as the supplementary

leverage ratio, to collect data on the new

requirements established by the revised

regulatory capital rules.

To ensure transparency of reporting

regulatory capital by internationally

active institutions, the agencies propose

to make public the information

collected on the proposed revised

Schedule A, except for a few specific

line items, starting with the March 31,

2014, report date

ary

leverage ratio, to collect data on the new

requirements established by the revised

regulatory capital rules.

To ensure transparency of reporting

regulatory capital by internationally

active institutions, the agencies propose

to make public the information

collected on the proposed revised

Schedule A, except for a few specific

line items, starting with the March 31,

2014, report date. The agencies propose

to continue granting confidential

treatment to certain items that are

dependent on the implementation of the

advanced approaches systems while an

advanced approaches banking

organization is in its parallel run period.

The agencies believe that according

confidential treatment to such line items

is important to ensure that the

organization conducts a satisfactory

parallel run and reports this data

publicly only after its primary federal

supervisor approves its internal systems

to apply the revised advanced

approaches rules.

The agencies also propose to revise

the risk-weighted assets schedules of the

FFIEC 101 (Schedules B, C, D, H, I, J, P,

Q, and R) consistent with the revised

regulatory capital rules at this time to

facilitate the timely implementation of

the revised advanced approaches rules

in 2014.

B. Timing of Implementation of the

Proposed Reporting Requirements

Call Report Filers

Call Report filers that are not subject

to the advanced approaches rules would

continue to report their regulatory

capital data and regulatory capital ratios

using the current template of Schedule

RC–R, which would be designated Part

I.A, during the reporting periods in

2014.4 These institutions would begin

using proposed Schedule RC–R, Part I.B,

to report their regulatory capital data

and regulatory capital ratios effective

March 31, 2015, at which time Part I.B

would be relabeled Part I and Part I.A

would be eliminated

latory capital ratios

using the current template of Schedule

RC–R, which would be designated Part

I.A, during the reporting periods in

2014.4 These institutions would begin

using proposed Schedule RC–R, Part I.B,

to report their regulatory capital data

and regulatory capital ratios effective

March 31, 2015, at which time Part I.B

would be relabeled Part I and Part I.A

would be eliminated.

Advanced Approaches Banking

Organizations

Reporting regulatory capital: An

advanced approaches banking

organization that is not a savings and

loan holding company would use

proposed revised FFIEC 101 Schedule A

and proposed Call Report Schedule RC–

R, Part I.B, if applicable, to report its

regulatory capital consistent with the

revised regulatory capital rules, effective

March 31, 2014.5 An advanced

approaches banking organization that is

a savings and loan holding company

(SLHC), except top-tier SLHCs that are

substantially engaged in insurance and

commercial activities, would file the

FFIEC 101 effective March 31, 2015,

consistent with the revised regulatory

capital rules.6

Reporting risk-weighted assets and

regulatory capital ratios: An advanced

approaches banking organization that is

in a parallel run period would apply the

generally applicable risk-based capital

rules for report dates in 2014 7 and the

standardized approach for report dates

beginning in 2015 to report its risk-

weighted assets and capital ratios on

proposed revised FFIEC 101 Schedule A

(line items 60 through 63) and on

proposed Call Report Schedule RC–R,

Part I.B (in 2014, which would be

designated Part I in 2015), if applicable

(line items 40 through 43, Column A).

In addition, such an institution would

apply the revised advanced approaches

rules to report its risk-weighted assets

and risk-based capital ratios on

proposed revised FFIEC 101 Schedule A

(line items 87 through 90)

ms 60 through 63) and on

proposed Call Report Schedule RC–R,

Part I.B (in 2014, which would be

designated Part I in 2015), if applicable

(line items 40 through 43, Column A).

In addition, such an institution would

apply the revised advanced approaches

rules to report its risk-weighted assets

and risk-based capital ratios on

proposed revised FFIEC 101 Schedule A

(line items 87 through 90).

Beginning in 2014, an advanced

approaches banking organization that

conducts a satisfactory parallel run

would report its advanced approaches

risk-weighted assets and risk-based

capital ratios on proposed revised FFIEC

101 Schedule A (line items 60 through

63) and on proposed revised Call Report

Schedule RC–R, Part I.B, if applicable

(line item 40.b and line items 41

through 43, Column B).

Supplementary leverage ratio and

capital buffer: All advanced approaches

banking organizations, regardless of

their parallel run status, would report

their supplementary leverage ratio

effective March 31, 2015, on proposed

revised FFIEC 101 Schedule A (line

item 98) and on proposed revised Call

Report Schedule RC–R, Part I (as

relabeled in 2015), if applicable (line

item 44). All banking organizations

would report the applicable capital

buffer effective March 31, 2016, on

proposed revised FFIEC 101 Schedule A

(line items 64 through 68) and on

proposed Call Report Schedule RC–R,

Part I (as relabeled in 2015), if

applicable (line items 45 through 47).

Initial Reporting

For the March 31, 2014, and March

31, 2015, report dates, as applicable,

institutions may provide reasonable

estimates for any new or revised Call

Report and FFIEC 101 items initially

required to be reported as of that date

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Reporting

For the March 31, 2014, and March

31, 2015, report dates, as applicable,

institutions may provide reasonable

estimates for any new or revised Call

Report and FFIEC 101 items initially

required to be reported as of that date

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48936

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8 Under current GAAP, minority interests are

referred to as noncontrolling interests. In this

regard, on the Call Report balance sheet (Schedule

RC), such interests are labeled ‘‘Noncontrolling

(minority) interests in consolidated subsidiaries.’’

9 DTAs arising from temporary differences that

the banking organization could realize through net

operating loss carrybacks are not subject to

deduction and instead receive a 100 percent risk

weight.

for which the requested information is

not readily available. The specific

wording of the captions for the new or

revised Call Report and FFIEC 101 data

items discussed in this proposal and the

numbering of these data items should be

regarded as preliminary.

II. Discussion of Proposed Call Report

Schedule RC–R, Part I.B

This section describes the proposed

changes to Call Report Schedule RC–R

to implement the reporting of regulatory

capital information and ratios consistent

with the revised regulatory capital rules.

As previously discussed, effective

March 31, 2014: (1) the existing

regulatory capital ratios portion of

Schedule RC–R would be designated

Part I.A and would be completed by

institutions that are not advanced

approaches institutions during the 2014

reporting periods, and (2) a new Part I.B

would be added to Schedule RC–R

effective March 31, 2014, and would be

completed by advanced approaches

institutions during the 2014 reporting

period

(1) the existing

regulatory capital ratios portion of

Schedule RC–R would be designated

Part I.A and would be completed by

institutions that are not advanced

approaches institutions during the 2014

reporting periods, and (2) a new Part I.B

would be added to Schedule RC–R

effective March 31, 2014, and would be

completed by advanced approaches

institutions during the 2014 reporting

period. Then, effective March 31, 2015,

Part I.A would be eliminated, Part I.B

would be redesignated Part I of

Schedule RC–R, and all institutions

would complete Part I. Call Report filers

should refer to the revised regulatory

capital rules and the proposed reporting

instructions for further information. The

proposed reporting instructions also

provide guidance on how to calculate

and report items subject to the transition

provisions under section 300 of the

revised regulatory capital rules.

Proposed Part I.B of Schedule RC–R

would be divided into the following

sections: (A) Common equity tier 1

capital; (B) common equity tier 1

capital: adjustments and deductions; (C)

additional tier 1 capital; (D) tier 2

capital; (E) total assets for the leverage

ratio; (F) capital ratios; and (G) capital

buffer. A brief description of each of

these sections and the corresponding

line items is provided below.

A. Schedule RC–R, Part I.B, Items 1–5:

Common Equity Tier 1 Capital

Proposed line items 1 through 5

would collect information regarding the

new regulatory capital component,

common equity tier 1 capital

tal; (E) total assets for the leverage

ratio; (F) capital ratios; and (G) capital

buffer. A brief description of each of

these sections and the corresponding

line items is provided below.

A. Schedule RC–R, Part I.B, Items 1–5:

Common Equity Tier 1 Capital

Proposed line items 1 through 5

would collect information regarding the

new regulatory capital component,

common equity tier 1 capital. The

proposed line items align with the

elements of common equity tier 1

capital under the revised definition of

capital, including (item 1) common

stock plus related surplus (net of

treasury stock and unearned employee

stock ownership plan shares), (item 2)

retained earnings, (item 3) accumulated

other comprehensive income (AOCI),

and (item 4) common equity tier 1

minority interests.8 As explained in

section 21 of the revised regulatory

capital rules, an institution may include

a limited amount of common equity tier

1 minority interest in a consolidated

subsidiary that is a depository

institution or a foreign bank in its

common equity tier 1 capital. Line item

5 collects the sum of items 1 through 4

to determine common equity tier 1

capital before adjustments and

deductions.

For purposes of reporting line item 3,

AOCI, an institution that is not subject

to the advanced approaches rules may

make a one-time election to opt out of

the requirement to include most

components of AOCI in common equity

tier 1 capital (AOCI opt-out election).

An institution that makes an AOCI opt-

out election must report ‘‘Yes’’ in line

item 3.a and report the amounts in line

items 9.a, 9.b, 9.c, 9.d, and 9.e. An

institution that is not an advanced

approaches institution would make this

election when it completes Schedule

RC–R in its Call Report for March 31,

2015 (or, for an institution that becomes

insured after March 31, 2015, in the first

Call Report it files after becoming

insured)

ction must report ‘‘Yes’’ in line

item 3.a and report the amounts in line

items 9.a, 9.b, 9.c, 9.d, and 9.e. An

institution that is not an advanced

approaches institution would make this

election when it completes Schedule

RC–R in its Call Report for March 31,

2015 (or, for an institution that becomes

insured after March 31, 2015, in the first

Call Report it files after becoming

insured). If an institution makes an

AOCI opt-out election, the transition

provisions for AOCI under section 300

of the revised regulatory capital rules

would not apply to the reporting of

AOCI in line item 3.

All advanced approaches banking

organizations that file the Call Report

and all other insured depository

institutions that choose not to make the

AOCI opt-out election must report ‘‘No’’

in line item 3.a and complete line item

9.f. In addition, such institutions must

report AOCI in item 3 subject to the

transition provisions, as described in

section 300 of the revised regulatory

capital rules and the corresponding

instructions.

B. Schedule RC–R, Part I.B, Items 6–19:

Common Equity Tier 1 Capital:

Adjustments and Deductions

Proposed line items 6 through 18

reflect adjustments and deductions to

common equity tier 1 capital, as

described in section 22 of the revised

regulatory capital rules. Institutions

must refer to the revised regulatory

capital rules to determine the conditions

under which deferred tax liabilities

(DTLs) may be netted against assets

subject to deduction. An institution

would calculate and report the

following adjustments and deductions,

as described below, which would be

summed in line item 18 and deducted

from common equity tier 1 capital in

line item 19.

Schedule RC–R, Part I.B, item 6: LESS:

Goodwill net of associated DTLs:

Goodwill is reported and deducted from

common equity tier 1 capital

netted against assets

subject to deduction. An institution

would calculate and report the

following adjustments and deductions,

as described below, which would be

summed in line item 18 and deducted

from common equity tier 1 capital in

line item 19.

Schedule RC–R, Part I.B, item 6: LESS:

Goodwill net of associated DTLs:

Goodwill is reported and deducted from

common equity tier 1 capital.

Schedule RC–R, Part I.B, item 7: LESS:

Intangible assets (other than goodwill

and mortgage servicing assets (MSAs)),

net of associated DTLs: Intangible

assets, other than goodwill and MSAs,

net of associated DTLs, must be

deducted from common equity tier 1

capital.

Schedule RC–R, Part I.B, item 8: LESS:

Deferred tax assets (DTAs) that arise

from operating loss and tax credit

carryforwards, net of any related

valuation allowances and net of

associated DTLs: An institution must

deduct DTAs that arise from operating

loss and tax credit carryforwards, net of

any related valuation allowances and

net of associated DTLs, from common

equity tier 1 elements.9

Schedule RC–R, Part I.B, item 9:

AOCI-related adjustments: An

institution that makes an AOCI opt-out

election in line item 3.a would adjust its

common equity tier 1 capital by

reporting the amount of specified AOCI

components in line items 9.a, 9.b, 9.c,

9.d, and 9.e, that is, net unrealized gains

(losses) on available-for-sale (AFS)

securities; net unrealized loss on AFS

preferred stock classified as an equity

security under GAAP and AFS equity

exposures; accumulated net gains

(losses) on cash flow hedges; amounts

recorded in AOCI attributed to defined

benefit postretirement plans resulting

from the initial and subsequent

application of the relevant GAAP

standards that pertain to such plans;

and net unrealized gains (losses) on

held-to-maturity securities that are

included in AOCI

s an equity

security under GAAP and AFS equity

exposures; accumulated net gains

(losses) on cash flow hedges; amounts

recorded in AOCI attributed to defined

benefit postretirement plans resulting

from the initial and subsequent

application of the relevant GAAP

standards that pertain to such plans;

and net unrealized gains (losses) on

held-to-maturity securities that are

included in AOCI.

An advanced approaches banking

organization that files the Call Report

and any other insured depository

institution that chooses not to make the

AOCI opt-out election would report in

line item 9.f any accumulated net gain

(loss) on cash flow hedges included in

AOCI, net of applicable tax effects, that

relate to the hedging of items that are

not recognized at fair value on the

balance sheet.

Schedule RC–R, Part I.B, item 10:

LESS: Other deductions from (additions

to) common equity tier 1 capital: Under

the revised regulatory capital rules,

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10 The agencies’ definitions of financial

subsidiary are at 12 CFR 5.39 (OCC); 12 CFR 208.77

(Board); and 12 CFR 362.17 (FDIC).

institutions must make the following

deductions from or additions to

common equity tier 1 capital.

Schedule RC–R, Part I.B, item 10.a:

Unrealized net gain (loss) related to

changes in the fair value of liabilities

that are due to changes in own credit

risk: An institution would report the

amount of unrealized net gain (loss)

related to changes in the fair value of

liabilities measured at fair value on the

balance sheet that are due to changes in

its own credit risk. Advanced

approaches banking organizations

would include the credit spread

premium over the risk-free rate for

derivatives that are liabilities

due to changes in own credit

risk: An institution would report the

amount of unrealized net gain (loss)

related to changes in the fair value of

liabilities measured at fair value on the

balance sheet that are due to changes in

its own credit risk. Advanced

approaches banking organizations

would include the credit spread

premium over the risk-free rate for

derivatives that are liabilities.

Schedule RC–R, Part I.B, item 10.b:

LESS: All other deductions from

(additions to) common equity tier 1

capital before threshold-based

deductions: An institution would report

in line item 10.b the total of the

following deductions and additions:

(1) Gain-on-sale associated with a

securitization exposure: An institution

must deduct from common equity tier 1

capital any after-tax gain-on-sale

associated with a securitization

exposure. Gain-on-sale means an

increase in the equity capital of the

institution resulting from the

consummation or issuance of a

securitization (other than an increase in

equity capital resulting from the

institution’s receipt of cash in

connection with the securitization).

(2) Defined benefit pension fund net

assets net of associated DTLs: Defined

benefit pension fund assets, net of any

associated DTLs, must be deducted from

common equity tier 1 capital. (This

deduction does not pertain to defined

benefit pension fund net assets owned

by depository institutions.)

(3) Investments in own regulatory

capital instruments: To avoid double-

counting of regulatory capital, an

institution must deduct any investments

in its own common equity tier 1, own

additional tier 1, and own tier 2 capital

instruments from its common equity tier

1, additional tier 1, and tier 2 capital

elements, respectively

t pension fund net assets owned

by depository institutions.)

(3) Investments in own regulatory

capital instruments: To avoid double-

counting of regulatory capital, an

institution must deduct any investments

in its own common equity tier 1, own

additional tier 1, and own tier 2 capital

instruments from its common equity tier

1, additional tier 1, and tier 2 capital

elements, respectively. Any common

equity tier 1, additional tier 1, or tier 2

capital instrument issued by the

institution which the institution could

be contractually obligated to purchase

must be deducted from its common

equity tier 1, additional tier 1, or tier 2

capital elements, respectively. If an

institution already deducts its

investment in its own shares (for

example, treasury stock) from its

common equity tier 1 capital elements,

it does not need to make such deduction

twice.

(4) Reciprocal cross holdings in the

capital instruments of financial

institutions: A reciprocal cross holding

results from a formal or informal

arrangement between two financial

institutions to swap, exchange, or

otherwise intend to hold each other’s

capital instruments. Institutions must

deduct reciprocal holdings of capital

instruments of other financial

institutions in certain circumstances.

The deduction is made by using the

corresponding deduction approach as

described in section 22(c) of the revised

regulatory capital rules. The

corresponding deduction approach

requires the institution to make the

deduction from the tier of capital for

which the instrument would qualify.

However, if the institution does not

have a sufficient amount of the tier of

capital to effect the required deduction,

the shortfall must be deducted from the

next higher (that is, more subordinated)

component of regulatory capital

al rules. The

corresponding deduction approach

requires the institution to make the

deduction from the tier of capital for

which the instrument would qualify.

However, if the institution does not

have a sufficient amount of the tier of

capital to effect the required deduction,

the shortfall must be deducted from the

next higher (that is, more subordinated)

component of regulatory capital. For

example, if an institution is required to

deduct a certain amount of regulatory

capital from additional tier 1 capital and

it does not have sufficient additional

tier 1 capital to effectuate the deduction,

then the amount of the deduction in

excess of the available additional tier 1

capital must be made from common

equity tier 1 capital.

(5) Equity investments in financial

subsidiaries: An institution must deduct

the aggregate amount of its outstanding

equity investments, including retained

earnings, in its financial subsidiaries 10

from common equity tier 1 capital and

may not consolidate the assets and

liabilities of a financial subsidiary with

those of the parent institution. No other

deduction is required for these

investments in the capital instruments

of financial subsidiaries.

(6) Advanced approaches banking

organizations that file Call Report: After

such an institution conducts a

satisfactory parallel run, it would

include expected credit losses that

exceed its eligible credit reserves in this

line item.

Schedule RC–R, Part I.B, item 11:

LESS: Non-significant investments in

the capital of unconsolidated financial

institutions in the form of common

stock that exceed the 10 percent

threshold for non-significant

investments: Non-significant

investments in the capital of

unconsolidated financial institutions are

investments where an institution owns

10 percent or less of the issued and

outstanding common shares of an

unconsolidated financial institution

nts in

the capital of unconsolidated financial

institutions in the form of common

stock that exceed the 10 percent

threshold for non-significant

investments: Non-significant

investments in the capital of

unconsolidated financial institutions are

investments where an institution owns

10 percent or less of the issued and

outstanding common shares of an

unconsolidated financial institution. An

institution must deduct the amount of

its non-significant investments that

exceeds the 10 percent threshold for

non-significant investments (calculated

as described in section 22(c)(4) of the

revised regulatory capital rules and in

the reporting instructions for this line

item), applying the corresponding

deduction approach.

Schedule RC–R, Part I.B, item 12:

Subtotal: An institution would report

the amount in item 5 less the amounts

in items 6 through 11. The amount

reported in this item is used to calculate

the common equity tier 1 capital

deduction thresholds that are used for

reporting items 13, 14, 15, and 16.

Schedule RC–R, Part I.B, items 13

through 16: LESS: Items subject to the

10 and 15 percent common equity tier

1 capital threshold deductions: An

institution must report the amount of

each of the following items that

individually exceeds the 10 percent

common equity tier 1 capital deduction

threshold (that is, 10 percent of the

amount reported in line item 12). These

items are referred to as items subject to

the threshold deductions in section

22(d) of the revised regulatory capital

rules and include: (1) DTAs arising from

temporary differences that could not be

realized through net operating loss

carrybacks, net of any related valuation

allowances and net of DTLs; (2) MSAs

net of associated DTLs; and (3)

significant investments in the capital of

financial institutions in the form of

common stock

hreshold deductions in section

22(d) of the revised regulatory capital

rules and include: (1) DTAs arising from

temporary differences that could not be

realized through net operating loss

carrybacks, net of any related valuation

allowances and net of DTLs; (2) MSAs

net of associated DTLs; and (3)

significant investments in the capital of

financial institutions in the form of

common stock.

The aggregate amount of the items

subject to the threshold deductions (that

are not deducted in line items 13, 14,

and 15) are not permitted to exceed 15

percent of an institution’s common

equity tier 1 capital. The aggregate

amount in excess of the 15 percent

threshold, if any, calculated in

accordance with section 22(d)(2) of the

revised regulatory capital rules and the

corresponding line item instructions,

must be deducted in line item 16.

Schedule RC–R, Part I.B, item 17:

LESS: Deductions applied to common

equity tier 1 capital due to insufficient

amount of additional tier 1 capital and

tier 2 capital to cover deductions: If an

institution does not have a sufficient

amount of additional tier 1 capital and

tier 2 capital to cover deductions, then

the shortfall must be reported in this

line item.

Schedule RC–R, Part I.B, items 18 and

19: An institution would summarize

total adjustments and deductions in line

item 18 and deduct that amount from its

common equity tier 1 capital before

adjustments and deductions to

determine its common equity tier 1

capital, which would be reported in line

item 19.

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e

total adjustments and deductions in line

item 18 and deduct that amount from its

common equity tier 1 capital before

adjustments and deductions to

determine its common equity tier 1

capital, which would be reported in line

item 19.

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C. Schedule RC–R, Part I.B, Items 20

through 25: Additional Tier 1 Capital,

and Item 26: Tier 1 Capital

Proposed line items 20 through 25

pertain to the reporting of additional tier

1 capital elements. Additional tier 1

capital is the sum of: (item 20)

additional tier 1 capital instruments that

satisfy the eligibility criteria described

in section 20 of the revised regulatory

capital rules plus related surplus; (item

21) non-qualifying capital instruments

subject to phase-out from additional tier

1 capital; and (item 22) tier 1 minority

interest that is not included in an

institution’s common equity tier 1

capital; less (item 24) applicable

deductions.

Line item 26 collects information on

the institution’s tier 1 capital, calculated

as the sum of (item 19) common equity

tier 1 capital and (item 25) additional

tier 1 capital.

D. Schedule RC–R, Part I.B, Items 27

Through 34: Tier 2 Capital, and Item 35:

Total Capital

Proposed line items 27 through 34

would require reporting of tier 2 capital

elements

ss (item 24) applicable

deductions.

Line item 26 collects information on

the institution’s tier 1 capital, calculated

as the sum of (item 19) common equity

tier 1 capital and (item 25) additional

tier 1 capital.

D. Schedule RC–R, Part I.B, Items 27

Through 34: Tier 2 Capital, and Item 35:

Total Capital

Proposed line items 27 through 34

would require reporting of tier 2 capital

elements. Tier 2 capital is the sum of:

(item 27) tier 2 capital instruments that

satisfy the eligibility criteria described

in section 20 of the revised regulatory

capital rules, plus related surplus; (item

28) non-qualifying capital instruments

subject to phase-out from tier 2 capital;

(item 29) total capital minority interest

not included in an institution’s tier 1

capital; (item 30.a) allowance for loan

and lease losses (ALLL) includable in

tier 2 capital; and (item 31) unrealized

gains on AFS preferred stock classified

as an equity security under GAAP and

AFS equity exposures; less (item 33) tier

2 capital deductions.

Advanced approaches banking

organizations would report line items

30.b (eligible credit reserves includable

in tier 2 capital), 32.b (tier 2 capital

before deductions), 34.b (tier 2 capital),

and 35.b (total capital) only after these

institutions conduct a satisfactory

parallel run.

Line item 35.a would collect

information on an institution’s total

capital, which is the sum of (item 26)

tier 1 capital and (item 34) tier 2 capital.

E. Schedule RC–R, Part I.B, Items 36

Through 39: Total Assets for the

Leverage Ratio

Institutions would report total assets

for the leverage ratio denominator in

line item 39, calculated as: (item 36)

average total consolidated assets; less

(item 37) deductions from common

equity tier 1 capital and additional tier

1 capital; and less (item 38) other

deductions from (additions to) assets for

leverage ratio purposes, as described

under sections 22(a), (c), and (d) of the

revised regulatory capital rules.

F

ets

for the leverage ratio denominator in

line item 39, calculated as: (item 36)

average total consolidated assets; less

(item 37) deductions from common

equity tier 1 capital and additional tier

1 capital; and less (item 38) other

deductions from (additions to) assets for

leverage ratio purposes, as described

under sections 22(a), (c), and (d) of the

revised regulatory capital rules.

F. Schedule RC–R, Part I.B, Items 40

Through 45: Total Risk-Weighted Assets

and Capital Ratios

Line item 40 would collect

information on an institution’s risk-

weighted assets. Line items 41 through

45 would collect information on the

following regulatory capital ratios: (item

41) common equity tier 1 capital ratio;

(item 42) tier 1 capital ratio; (item 43)

total capital ratio; (item 44) tier 1

leverage ratio; and, for advanced

approaches institutions, (item 45)

supplementary leverage ratio, all

calculated as described in section 10 of

the revised regulatory capital rules.

During the reporting periods in 2014,

Call Report filers would continue

applying the general risk-based capital

rules to report their total risk-weighted

assets in line item 40.a of Part I of

Schedule RC–R (as currently reported in

item 62 of the risk-weighted assets

portion of Schedule RC–R). The amount

in line item 40 would serve as the

denominator of the risk-based capital

ratios reported in line items 41 through

44 (Column A). Effective March 31,

2015, Call Report filers would apply the

standardized approach, described in

subpart D of the revised regulatory

capital rules, to report their risk-

weighted assets in line item 40.a and the

risk-based capital ratios in line items 41

through 44 (Column A) of the regulatory

capital ratios portion of Schedule RC–R.

Advanced approaches institutions

would report line items 40 through 45

on the proposed Schedule RC–R, Part

I.B, as follows

dized approach, described in

subpart D of the revised regulatory

capital rules, to report their risk-

weighted assets in line item 40.a and the

risk-based capital ratios in line items 41

through 44 (Column A) of the regulatory

capital ratios portion of Schedule RC–R.

Advanced approaches institutions

would report line items 40 through 45

on the proposed Schedule RC–R, Part

I.B, as follows.

• During the reporting periods in

2014, these institutions would continue

applying the general risk-based capital

rules to report their total risk-weighted

assets in line item 40.a, which would

serve as the denominator of the ratios

reported in line items 41 through 44

(Column A).

• Starting on March 31, 2015, these

institutions would apply the

standardized approach, described in

subpart D of the revised regulatory

capital rules, to report their risk-

weighted assets in item 40.a and the

regulatory capital ratios in items 41

through 44. After they conduct a

satisfactory parallel run, these

institutions would report their total risk-

weighted assets (item 40.b) and

regulatory capital ratios (items 41

through 44, Column B) using the

advanced approaches rule.

• In addition, starting on March 31,

2015, these institutions would report a

supplementary leverage ratio in item 45,

as described in section 10 of the revised

regulatory capital rules.

G. Schedule RC–R, Part I.B, Items 46

Through 48: Capital Buffer

Under section 11 of the revised

regulatory capital rules, institutions

must hold sufficient common equity tier

1 capital to avoid limitations on

distributions and discretionary bonus

payments

titutions would report a

supplementary leverage ratio in item 45,

as described in section 10 of the revised

regulatory capital rules.

G. Schedule RC–R, Part I.B, Items 46

Through 48: Capital Buffer

Under section 11 of the revised

regulatory capital rules, institutions

must hold sufficient common equity tier

1 capital to avoid limitations on

distributions and discretionary bonus

payments. An institution’s capital

conservation buffer, which would be

reported in item 46.a, is the lowest of

the following measures: (1) The

institution’s common equity tier 1

capital ratio minus the applicable

minimum (4 percent in 2014, 4.5

percent in 2015 and thereafter); (2) the

institution’s tier 1 capital ratio minus

the applicable minimum (5.5 percent in

2014, 6 percent in 2015 and thereafter);

and (3) the institution’s total capital

ratio minus 8 percent. Advanced

approaches banking organizations must

make additional calculations to account

for all the applicable buffers and report

the resulting amount in item 46.b, as

described in section 11 of the revised

regulatory capital rules. If an

institution’s capital buffer is less than or

equal to the applicable minimum capital

conservation buffer (or, in the case of an

advanced approaches institution, the

applicable minimum capital

conservation buffer plus any other

applicable capital buffers), then it must

report eligible retained income in item

47 and distributions and discretionary

bonus payments to executive officers in

item 48, as described in section 11 of

the revised regulatory capital rules.

III. Discussion of the Proposed FFIEC

101 Changes

A. Schedule A: Advanced Risk-Based

Capital

As described in section I.A of this

notice, the proposed revised FFIEC 101

Schedule A incorporates the Basel III

common disclosure template to ensure

consistency and comparability of

reporting of regulatory capital elements

by internationally active institutions

revised regulatory capital rules.

III. Discussion of the Proposed FFIEC

101 Changes

A. Schedule A: Advanced Risk-Based

Capital

As described in section I.A of this

notice, the proposed revised FFIEC 101

Schedule A incorporates the Basel III

common disclosure template to ensure

consistency and comparability of

reporting of regulatory capital elements

by internationally active institutions.

Although the changes proposed to be

made to Schedule A of the FFIEC 101

are consistent with the regulatory

capital reporting approach followed in

proposed Call Report Schedule RC–R,

Part I.B, as described in section II of this

notice, advanced approaches banking

organizations would provide a more

granular breakdown of regulatory

capital elements, deductions and

adjustments, and regulatory capital

instruments subject to phase-out in

Schedule A, consistent with the Basel III

common disclosure template. Advanced

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Federal Register / Vol. 78, No. 155 / Monday, August 12, 2013 / Notices

11 Advanced approaches banking organizations

that file the FR Y–9C rather than the Call Report

would be able to import the majority of the line

items from proposed revised Schedule HC–R

published by the Federal Reserve Board into

proposed revised FFIEC 101 Schedule A.

approaches banking organizations

would be able to continue to import the

majority of the line items from proposed

Call Report Schedule RC–R, Part I.B,

into proposed revised FFIEC 101

Schedule A.11

Reporting confidential line items

during the parallel run period: As noted

in section I.B of this notice, the agencies

propose to make public the information

collected on proposed revised Schedule

A, except for a few specific line items,

for all advanced approaches banking

organizations, starting with the March

31, 2014, report date

art I.B,

into proposed revised FFIEC 101

Schedule A.11

Reporting confidential line items

during the parallel run period: As noted

in section I.B of this notice, the agencies

propose to make public the information

collected on proposed revised Schedule

A, except for a few specific line items,

for all advanced approaches banking

organizations, starting with the March

31, 2014, report date. Since the majority

of the line items on the proposed

Schedule A would also be publicly

reported on the proposed Call Report

Schedule RC–R, the additional

disclosure of regulatory capital elements

on proposed revised Schedule A while

the institution is conducting its parallel

run would be minimal.

The agencies propose to grant

confidential treatment to items that are

dependent on the implementation of the

advanced approaches systems to ensure

compliance with the revised advanced

approaches rules. Specifically, while an

institution is conducting its parallel run,

the following line items on proposed

revised Schedule A would be reported

on a confidential basis using the revised

advanced approaches rules: item 78

(total eligible credit reserves calculated

under the advanced approaches rules);

item 79 (amount of eligible credit

reserves includable in tier 2 capital);

item 86 (expected credit loss that

exceeds eligible credit reserves); item 87

(advanced approaches risk-weighted

assets); item 88 (common equity tier 1

capital ratio calculated using the

advanced approaches); item 89 (tier 1

capital ratio calculated using the

advanced approaches); and item 90

(total capital ratio using the advanced

approaches). In addition, an institution

that is conducting its parallel run would

report ‘‘zero’’ in line item 12 (expected

credit loss that exceeds eligible credit

reserves) and would report line item 50

(eligible credit reserves) and line item

60 (total risk-weighted assets) by

applying the general risk-based capital

rules in 2014 and the standardized

approach in 2015

ing the advanced

approaches). In addition, an institution

that is conducting its parallel run would

report ‘‘zero’’ in line item 12 (expected

credit loss that exceeds eligible credit

reserves) and would report line item 50

(eligible credit reserves) and line item

60 (total risk-weighted assets) by

applying the general risk-based capital

rules in 2014 and the standardized

approach in 2015.

After an institution conducts a

satisfactory parallel run, the entire

Schedule A would be made public. In

addition, such an institution would then

begin to report line item 12 (expected

credit loss that exceeds eligible credit

reserves), line item 50 (eligible credit

reserves), and line item 60 (total risk-

weighted assets) using the revised

advanced approaches rules.

Supplementary leverage ratio:

Proposed line items 91 through 98 in

the Schedule A would collect data on a

new supplementary leverage ratio

requirement for advanced approaches

banking organizations, effective March

31, 2015. Consistent with the revised

regulatory capital rules, an advanced

approaches banking organization would

report the supplementary leverage ratio

calculated as the simple arithmetic

mean of the three monthly leverage

ratios over the reporting quarter.

B. Schedules B, C, D, H, I, J, P, Q, and

R: Risk-Weighted Assets

This section describes the proposed

revisions to Schedules B, C, D, H, I, J,

P, Q, and R of the FFIEC 101, which are

intended to be consistent with the

revised advanced approaches rules to

calculate the risk-weighted assets. The

proposed revisions reflect changes to

the methodologies for calculating

regulatory capital for counterparty

credit risk, securitization exposures, and

exposures to central counterparties

(CCPs)

ed

revisions to Schedules B, C, D, H, I, J,

P, Q, and R of the FFIEC 101, which are

intended to be consistent with the

revised advanced approaches rules to

calculate the risk-weighted assets. The

proposed revisions reflect changes to

the methodologies for calculating

regulatory capital for counterparty

credit risk, securitization exposures, and

exposures to central counterparties

(CCPs). In addition, the proposed

changes incorporate capital

requirements for credit valuation

adjustments (CVA), wrong-way risk,

margin risk, exposures subject to a

wholesale correlation factor multiplier

of 1.25, cleared derivative and repo-

style transactions, and default fund

contributions to CCPs.

As is currently the case, FFIEC 101

Schedules B through S will be given

confidential treatment while an

institution is conducting its parallel run.

Also, as is currently the case, after an

institution conducts a satisfactory

parallel run, Schedule B and line items

1 and 2 of Schedule S will no longer be

given confidential treatment.

Schedules H and J: Credit valuation

adjustments (CVAs): The proposed

insertion of memorandum items in

Schedule H (Wholesale Exposure:

Eligible Margin Loans, Repo-Style

Transactions, and OTC Derivatives with

Cross-Product Netting) and Schedule J

(Wholesale Exposure: OTC Derivatives

No Cross-Product Netting) reflects the

CVA requirements for over-the-counter

(OTC) derivative activities. Under the

revised regulatory capital rules, CVA is

the fair value adjustment to reflect

counterparty credit risk in the valuation

of an OTC derivative contract.

Advanced approaches banking

organizations must hold capital to

reflect the CVA due to changes in

counterparties’ credit spreads, assuming

fixed expected exposure (EE) profiles.

The advanced approaches rules provide

two approaches for calculating the CVA

capital requirement: the simple and

advanced CVA approaches

ct

counterparty credit risk in the valuation

of an OTC derivative contract.

Advanced approaches banking

organizations must hold capital to

reflect the CVA due to changes in

counterparties’ credit spreads, assuming

fixed expected exposure (EE) profiles.

The advanced approaches rules provide

two approaches for calculating the CVA

capital requirement: the simple and

advanced CVA approaches. The

conditions for each approach, as well as

the methods for calculation, are

described in section 132 of the revised

regulatory capital rules.

Schedule P: Securitization exposures:

The agencies propose to combine the

current Schedule P (Securitization

Exposures Subject to Ratings-based or

Internal Assessment Approaches) and

Schedule Q (Securitization Detail

Schedule) into a new Schedule P

(Securitization Exposures). This

proposed revision reflects a number of

changes to the securitization framework,

including the replacement of the

ratings-based and internal assessment

approaches from the advanced

approaches rules with the simplified

supervisory formula approach, and the

introduction of a specific treatment for

resecuritization exposures. The revised

advanced approaches rules introduce

enhanced due diligence requirements

and require banking organizations to

assign higher risk weights to

resecuritization exposures than other

securitization exposures with similar

credit characteristics. The revised

advanced approaches rules introduce

new operational criteria for recognizing

risk transfer as well as revisions to the

hierarchy of approaches in the

securitization framework. The

operational criteria as well as the

revised hierarchy of approaches are

described in sections 141 through 145 of

the revised regulatory capital rules.

Schedule Q: Cleared transactions: The

proposed new Schedule Q (Cleared

Transactions) reflects the treatment for

cleared transactions and is intended to

capture exposures to CCPs

hierarchy of approaches in the

securitization framework. The

operational criteria as well as the

revised hierarchy of approaches are

described in sections 141 through 145 of

the revised regulatory capital rules.

Schedule Q: Cleared transactions: The

proposed new Schedule Q (Cleared

Transactions) reflects the treatment for

cleared transactions and is intended to

capture exposures to CCPs. The revised

advanced approaches rules introduce a

capital requirement for transactions

with CCPs and a more risk-sensitive

approach for determining the capital

requirement for a banking organization’s

contributions to the default funds of

these CCPs. The calculation of the trade

exposure amount for a cleared

transaction is described in section 133

of the revised regulatory capital rules.

Schedules C, D, H, I, and J: Exposures

subject to a 1.25 asset correlation factor:

The proposed insertion of memorandum

items in Schedule C (Wholesale

Exposure: Corporate), Schedule D

(Wholesale Exposure: Bank), Schedule

H (Wholesale Exposure: Eligible Margin

Loans, Repo-Style Transactions, and

OTC Derivatives with Cross-Product

Netting); Schedule I (Wholesale

Exposure: Eligible Margin Loans and

Repo-Style Transactions No Cross-

Product Netting), and Schedule J

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le Exposure: Eligible Margin

Loans, Repo-Style Transactions, and

OTC Derivatives with Cross-Product

Netting); Schedule I (Wholesale

Exposure: Eligible Margin Loans and

Repo-Style Transactions No Cross-

Product Netting), and Schedule J

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Federal Register / Vol. 78, No. 155 / Monday, August 12, 2013 / Notices

(Wholesale Exposure: OTC Derivatives

No Cross-Product Netting) reflects the

new 1.25 asset correlation factor for

certain unregulated financial

institutions as well as regulated

financial institutions with assets of at

least $100 billion. The advanced

approaches rules introduce the 1.25

multiplier to capture the correlation of

financial institutions’ common risk

factors. The formula for these wholesale

exposures is described in section 131 of

the revised regulatory capital rules.

Schedules H, I, and J: Internal models

methodology (IMM) margin period of

risk and specific wrong-way risk: The

proposed insertion of memorandum

items in Schedule H (Wholesale

Exposure: Eligible Margin Loans, Repo-

Style Transactions, and OTC Derivatives

with Cross-Product Netting), Schedule I

(Wholesale Exposure: Eligible Margin

Loans and Repo-Style Transactions No

Cross-Product Netting) and Schedule J

(Wholesale Exposure: OTC Derivatives

No Cross-Product Netting) reflects the

new capital requirements for the margin

period of risk and wrong-way risk in the

advanced approaches. The revised

advanced approaches rules introduce an

increased margin period of risk of 20

days. In addition, for OTC derivative

transactions, repo-style transactions,

and margin loans that exhibit wrong-

way risk, the advanced approaches rules

require a banking organization to apply

an increased capital requirement rather

than the IMM to these exposures

ay risk in the

advanced approaches. The revised

advanced approaches rules introduce an

increased margin period of risk of 20

days. In addition, for OTC derivative

transactions, repo-style transactions,

and margin loans that exhibit wrong-

way risk, the advanced approaches rules

require a banking organization to apply

an increased capital requirement rather

than the IMM to these exposures. The

calculations and requirements

associated with margin period of risk

and wrong-way risk are described in

section 132 of the revised regulatory

capital rules.

Schedules B and R: Summary table

and equity exposures: The proposed

revisions to Schedule B (Summary Risk-

weighted Assets Information for Banks)

reflect the proposed changes to the

schedules described above in this

section III.B. In addition, the revised

advanced approaches rules remove the

prior money market fund approach for

equity exposures. Accordingly, in

proposed revised Schedule R (Equity

Exposures), the agencies propose to

remove this approach.

IV. Scope and Frequency of Reporting

The proposed regulatory reporting

changes to Call Report Schedule RC–R

ultimately would apply to all Call

Report filers. The proposed revisions to

the FFIEC 101 would apply only to

advanced approaches banking

organizations. Each reporting entity

would continue to submit the applicable

quarterly reports on the same due dates

as are currently in effect for the

reporting entity. In addition, the

agencies expect all reporting entities to

meet the existing reporting standards for

accuracy and other requirements as

currently mandated by their primary

federal supervisor.

See section I.B of this notice for a

detailed discussion of the timing for the

implementation of the proposed

reporting changes.

V. Request for Comment

Public comment is requested on all

aspects of this joint notice

gencies expect all reporting entities to

meet the existing reporting standards for

accuracy and other requirements as

currently mandated by their primary

federal supervisor.

See section I.B of this notice for a

detailed discussion of the timing for the

implementation of the proposed

reporting changes.

V. Request for Comment

Public comment is requested on all

aspects of this joint notice. In particular,

do advanced approaches institutions

expect that making any specific line

items on proposed revised FFIEC 101

Schedule A public would cause them

competitive or other harm? If so,

identify the specific line items and

describe in detail the nature of the

harm.

Additionally, comments are invited

on

(a) Whether the collections of

information that are the subject of this

notice 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 as they are

proposed to be revised, 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

the agencies and will be summarized or

included in the agencies’ requests for

OMB approval. All comments will

become a matter of public record.

Dated: August 5, 2013.

Stuart Feldstein,

Director, Legislative and Regulatory Activities

Division, Office of the Comptroller of the

Currency.

Board of Governors of the Federal Reserve

System, August 5, 2013.

Robert deV. Frierson,

Secretary of the Board

cies and will be summarized or

included in the agencies’ requests for

OMB approval. All comments will

become a matter of public record.

Dated: August 5, 2013.

Stuart Feldstein,

Director, Legislative and Regulatory Activities

Division, Office of the Comptroller of the

Currency.

Board of Governors of the Federal Reserve

System, August 5, 2013.

Robert deV. Frierson,

Secretary of the Board.

Dated at Washington, DC, this 2nd day of

August, 2013.

Federal Deposit Insurance Corporation.

Valerie J. Best,

Assistant Executive Secretary.

[FR Doc. 2013–19354 Filed 8–9–13; 8:45 am]

BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P

DEPARTMENT OF VETERANS

AFFAIRS

[OMB Control No. 2900–0020]

Agency Information Collection

(Designation of Beneficiary) Activities

Under OMB Review

AGENCY: Veterans Benefits

Administration, Department of Veterans

Affairs.

ACTION: Notice.

SUMMARY: In compliance with the

Paperwork Reduction Act (PRA) of 1995

(44 U.S.C. 3501–3521), this notice

announces that the Veterans Benefits

Administration, Department of Veterans

Affairs, has submitted the collection of

information abstracted below to the

Office of Management and Budget

(OMB) for review and comment. The

PRA submission describes the nature of

the information collection and its

expected cost and burden and includes

the actual data collection instrument.

DATES: Comments must be submitted on

or before September 11, 2013.

ADDRESSES: Submit written comments

on the collection of information through

www.Regulations.gov or to VA’s OMB

Desk Officer, OMB Human Resources

and Housing Branch, New Executive

Office Building, Room 10235,

Washington, DC 20503 (202) 395–7316.

Please refer to ‘‘OMB Control No. 2900–

0020’’ in any correspondence.

FOR FURTHER INFORMATION CONTACT:

Crystal Rennie, Enterprise Records

Service (005R1B), Department of

Veterans Affairs, 810 Vermont Avenue

NW., Washington, DC 20420, (202) 632–

7492 or email crystal.rennie@va.gov.

Please refer to ‘‘OMB Control No

xecutive

Office Building, Room 10235,

Washington, DC 20503 (202) 395–7316.

Please refer to ‘‘OMB Control No. 2900–

0020’’ in any correspondence.

FOR FURTHER INFORMATION CONTACT:

Crystal Rennie, Enterprise Records

Service (005R1B), Department of

Veterans Affairs, 810 Vermont Avenue

NW., Washington, DC 20420, (202) 632–

7492 or email crystal.rennie@va.gov.

Please refer to ‘‘OMB Control No. 2900–

0020.’’

SUPPLEMENTARY INFORMATION:

Title: Designation of Beneficiary,

Government Life Insurance, VA Form

29–336.

OMB Control Number: 2900–0020.

Type of Review: Extension of a

currently approved collection.

Abstract: VA Form 29–336 is

completed by the insured to designate a

beneficiary and select an optional

settlement to be used when the

Government Life Insurance matures by

death.

An agency may not conduct or

sponsor, and a person is not required to

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