80 FR 39195 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Guidance on Stress Testing for Banking Organizations With More Than $10 Billion in Total Consolidated Assets

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency

Federal Register Volume 80, Issue 130 (July 8, 2015)

The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and respondents are not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning renewal of its information collection titled, ``Guidance on Stress Testing for Banking Organizations with more than $10 Billion in Total Consolidated Assets.'' The OCC also is giving notice that it has sent the collection to OMB for review.

[Federal Register Volume 80, Number 130 (Wednesday, July 8, 2015)]
[Notices]
[Pages 39195-39196]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-16655]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Submission for OMB Review; Guidance on Stress Testing for 
Banking Organizations With More Than $10 Billion in Total Consolidated 
Assets

AGENCY: Office of the Comptroller of the Currency, Treasury (OCC).

ACTION: Notice and request for comment.

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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on a continuing 
information collection, as required by the Paperwork Reduction Act of 
1995 (PRA).
    In accordance with the requirements of the PRA, the OCC may not 
conduct or sponsor, and respondents are not required to respond to, an 
information collection unless it displays a currently valid Office of 
Management and Budget (OMB) control number.
    The OCC is soliciting comment concerning renewal of its information 
collection titled, ``Guidance on Stress Testing for Banking 
Organizations with more than $10 Billion in Total Consolidated 
Assets.'' The OCC also is giving notice that it has sent the collection 
to OMB for review.

DATES: Comments must be submitted on or before August 7, 2015.

ADDRESSES: 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: 1557-0312, 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 [email protected]. You may 
personally inspect and photocopy 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 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.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-0312, U.S. Office of Management and Budget, 725 17th 
Street NW., #10235, Washington, DC 20503, or by email to: 
[email protected].

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, (202) 649-5490, for 
persons who are deaf or hard of hearing, TTY, (202) 649-5597, 
Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, 400 7th Street SW., Suite 3E-218, Mail 
Stop 9W-11, Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval 
of the following information collection:

[[Page 39196]]

    Title: Recordkeeping and Disclosure Provisions Associated with 
Stress Testing Guidance.
    OMB Control No.: 1557-0312.
    Description: Each banking organization should have the capacity to 
understand its risks and the potential impact of stressful events and 
circumstances on its financial condition.\1\ On May 17, 2012, the OCC, 
along with the Federal Deposit Insurance Corporation (FDIC) and Board 
of Governors of the Federal Reserve (FRB), published guidance on the 
use of stress testing as a means to better understand the range of a 
banking organization's potential risk exposures.\2\ The OCC is now 
seeking to renew the information collection associated with that 
guidance.
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    \1\ For purposes of this guidance, the term ``banking 
organization'' means national banks and Federal branches and 
agencies supervised by the OCC; state member banks, bank holding 
companies, and all other institutions for which the FRB is the 
primary Federal supervisor; and state nonmember insured banks and 
other institutions supervised by the FDIC.
    \2\ 77 FR 29458 (May 17, 2012).
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    The guidance provides an overview of how a banking organization 
should structure its stress testing activities to ensure they fit into 
the banking organization's overall risk management program. The purpose 
of the guidance is to outline broad principles for a satisfactory 
stress testing framework and to describe the manner in which stress 
testing should be used, that is as an integral component of risk 
management applicable at various levels of aggregation within a banking 
organization, as well as a tool for capital and liquidity planning. 
While the guidance is not intended to provide detailed instructions for 
conducting stress testing for any particular risk or business area, it 
does describe several types of stress testing activities and how they 
may be most appropriately used by banking organizations. The guidance 
also does not explicitly address the stress testing requirements 
imposed upon certain companies by section 165(i) of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act (the Dodd-Frank Act).\3\
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    \3\ Public Law 111-203, 124 Stat. 1376. Section 165(i) of the 
Dodd-Frank Act is codified at 12 U.S.C. 5365(i)(2).
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    Type of Review: Regular.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 62.
    Estimated annual burden: 16,120 hours.
    On April 15, 2015, the OCC issued a 60-day Federal Register notice 
regarding the collection (80 FR 20290). No comments were received. 
However, the burden estimates in the 60-day Federal Register notice 
were inaccurate and have been corrected. They have increased by 12 
respondents and 3,120 hours. Comments continue to be invited on:
    (a) Whether the collections of information are necessary for the 
proper performance of the OCC's functions, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's 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.

    Dated: July 1, 2015.
Mary H. Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division.
[FR Doc. 2015-16655 Filed 7-7-15; 8:45 am]
 BILLING CODE 4810-33-P