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)
Office of the Comptroller of the Currency
Federal Register Volume 80, Issue 130 (July 8, 2015)
| Page Range | 39195-39196 | |
| FR Document | 2015-16655 |
[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] ----------------------------------------------------------------------- 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. ----------------------------------------------------------------------- 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. --------------------------------------------------------------------------- \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). --------------------------------------------------------------------------- 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\ --------------------------------------------------------------------------- \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). --------------------------------------------------------------------------- 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
![Federal Register / Vol. 80, No. 130 / Wednesday, July 8, 2015 / Notices 39195
FOR FURTHER INFORMATION CONTACT: Jeff Issued in Washington, DC, on June 26, or sponsor, and respondents are not
Gorham, Office of Airline Information, 2015. required to respond to, an information
RTS–42, Room E34, OST–R, BTS, 1200 William Chadwick, Jr., collection unless it displays a currently
New Jersey Avenue SE., Washington, Director, Office of Airline Information, valid Office of Management and Budget
DC 20590–0001, Telephone Number Bureau of Transportation Statistics. (OMB) control number.
(202) 366–4406, Fax Number (202) 366– [FR Doc. 2015–16690 Filed 7–7–15; 8:45 am] The OCC is soliciting comment
3383 or EMAIL jeff.gorham@dot.gov. BILLING CODE 4910–9X–P concerning renewal of its information
Comments: Send comments to the collection titled, ‘‘Guidance on Stress
Office of Information and Regulatory Testing for Banking Organizations with
Affairs, Office of Management and DEPARTMENT OF THE TREASURY more than $10 Billion in Total
Budget, 715 17th Street NW., Consolidated Assets.’’ The OCC also is
Washington, DC 20503, Attention: OST Office of the Comptroller of the giving notice that it has sent the
Desk Officer. Currency collection to OMB for review.
SUPPLEMENTARY INFORMATION: [OCC Charter Number 702353] DATES: Comments must be submitted on
or before August 7, 2015.
OMB Approval No. 2138–0016. Liberty Savings Bank, FSB, Whiting,
Title: Report of Extension of Credit to Indiana; Approval of Voluntary ADDRESSES: Because paper mail in the
Political Candidates. Supervisory Conversion Application Washington, DC area and at the OCC is
subject to delay, commenters are
Form No.: 183. Notice is hereby given that on June encouraged to submit comments by
Type of Review: Extension of a 10, 2015, the Office of the Comptroller email, if possible. Comments may be
currently approved reporting of the Currency (OCC) approved the sent to: Legislative and Regulatory
requirement. application of Liberty Savings Bank, Activities Division, Office of the
FSB, Whiting, Indiana, to convert from Comptroller of the Currency, Attention:
Respondents: Certificated air carriers.
a Federally chartered mutual savings 1557–0312, 400 7th Street SW., Suite
Number of Respondents: 2 (Monthly association to a Federally chartered 3E–218, Mail Stop 9W–11, Washington,
Average). stock savings association. Copies of the DC 20219. In addition, comments may
Number of Responses: 24. application are available for inspection be sent by fax to (571) 465–4326 or by
Estimated Time per Response: 1 hour. on the OCC Web site at the FOIA electronic mail to prainfo@occ.treas.gov.
Electronic Reading Room https://foia- You may personally inspect and
Total Annual Burden: 24 hours. pal.occ.gov/palMain.aspx. If you have photocopy comments at the OCC, 400
Needs and Uses: The Department uses any questions, please call OCC 7th Street SW., Washington, DC 20219.
this form as the means to fulfill its Licensing Activities at (202) 649–6260. For security reasons, the OCC requires
obligation under the Federal Election Dated: July 1, 2015. that visitors make an appointment to
Campaign Act of 1971 (the Act). The inspect comments. You may do so by
By the Office of the Comptroller of the
Act’s legislative history indicates that Currency. calling (202) 649–6700. Upon arrival,
one of its statutory goals is to prevent visitors will be required to present valid
Stephen A. Lybarger,
candidates for Federal political office government-issued photo identification
from incurring large amounts of Deputy Comptroller for Licensing.
[FR Doc. 2015–16654 Filed 7–7–15; 8:45 am]
and submit to security screening in
unsecured debt with regulated order to inspect and photocopy
transportation companies (e.g., airlines). BILLING CODE 4810–33–P
comments.
This information collection allows the
Department to monitor and disclose the All comments received, including
amount of unsecured credit extended by DEPARTMENT OF THE TREASURY attachments and other supporting
airlines to candidates for Federal office. materials, are part of the public record
Office of the Comptroller of the and subject to public disclosure. Do not
All certificated air carriers are required
Currency enclose any information in your
to submit this information.
comment or supporting materials that
The Confidential Information Agency Information Collection you consider confidential or
Protection and Statistical Efficiency Act Activities: Information Collection inappropriate for public disclosure.
of 2002 (44 U.S.C. 3501 note), requires Renewal; Submission for OMB Review;
Additionally, please send a copy of
a statistical agency to clearly identify Guidance on Stress Testing for
your comments by mail to: OCC Desk
information it collects for non-statistical Banking Organizations With More Than
Officer, 1557–0312, U.S. Office of
purposes. BTS hereby notifies the $10 Billion in Total Consolidated
Management and Budget, 725 17th
respondents and the public that BTS Assets
Street NW., #10235, Washington, DC
uses the information it collects under
AGENCY: Office of the Comptroller of the 20503, or by email to: oira_submission@
this OMB approval for non-statistical
Currency, Treasury (OCC). omb.eop.gov.
purposes including, but not limited to,
publication of both Respondent’s ACTION: Notice and request for comment. FOR FURTHER INFORMATION CONTACT:
identity and its data, and submission of Shaquita Merritt, (202) 649–5490, for
SUMMARY: The OCC, as part of its
the information to agencies outside BTS persons who are deaf or hard of hearing,
continuing effort to reduce paperwork
for review, analysis and possible use in TTY, (202) 649–5597, Legislative and
and respondent burden, invites the
srobinson on DSK5SPTVN1PROD with NOTICES
regulatory and other administrative Regulatory Activities Division, Office of
general public and other Federal
matters. the Comptroller of the Currency, 400 7th
agencies to take this opportunity to
Comments are invited on whether the Street SW., Suite 3E–218, Mail Stop
comment on a continuing information
proposed retention of records is 9W–11, Washington, DC 20219.
collection, as required by the Paperwork
necessary for the proper performance of Reduction Act of 1995 (PRA). SUPPLEMENTARY INFORMATION: The OCC
the functions of the Department of In accordance with the requirements is proposing to extend OMB approval of
Transportation. of the PRA, the OCC may not conduct the following information collection:
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![39196 Federal Register / Vol. 80, No. 130 / Wednesday, July 8, 2015 / Notices
Title: Recordkeeping and Disclosure No comments were received. However, information collection titled,
Provisions Associated with Stress the burden estimates in the 60-day ‘‘Registration of Mortgage Loan
Testing Guidance. Federal Register notice were inaccurate Originators.’’ The OCC also is giving
OMB Control No.: 1557–0312. and have been corrected. They have notice that it has sent the collection to
Description: Each banking increased by 12 respondents and 3,120 OMB for review.
organization should have the capacity to hours. Comments continue to be invited DATES: You should submit written
understand its risks and the potential on: comments by August 7, 2015.
impact of stressful events and (a) Whether the collections of ADDRESSES: Because paper mail in the
circumstances on its financial information are necessary for the proper Washington, DC area and at the OCC is
condition.1 On May 17, 2012, the OCC, performance of the OCC’s functions, subject to delay, commenters are
along with the Federal Deposit including whether the information has encouraged to submit comments by
Insurance Corporation (FDIC) and Board practical utility; email, if possible. Comments may be
of Governors of the Federal Reserve (b) The accuracy of the OCC’s sent to: Legislative and Regulatory
(FRB), published guidance on the use of estimates of the burden of the Activities Division, Office of the
stress testing as a means to better information collections, including the Comptroller of the Currency, Attention:
understand the range of a banking validity of the methodology and 1557–0243, 400 7th Street SW., Suite
organization’s potential risk exposures.2 assumptions used; 3E–218, Mail Stop 9W–11, Washington,
The OCC is now seeking to renew the (c) Ways to enhance the quality, DC 20219. In addition, comments may
information collection associated with utility, and clarity of the information to be sent by fax to (571) 465–4326 or by
that guidance. be collected;
The guidance provides an overview of electronic mail to prainfo@occ.treas.gov.
(d) Ways to minimize the burden of You may personally inspect and
how a banking organization should information collections on respondents,
structure its stress testing activities to photocopy comments at the OCC, 400
including through the use of automated 7th Street, SW., Washington, DC 20219.
ensure they fit into the banking collection techniques or other forms of
organization’s overall risk management For security reasons, the OCC requires
information technology; and that visitors make an appointment to
program. The purpose of the guidance is (e) Estimates of capital or start-up
to outline broad principles for a inspect comments. You may do so by
costs and costs of operation,
satisfactory stress testing framework and calling (202) 649–6700. Upon arrival,
maintenance, and purchase of services
to describe the manner in which stress visitors will be required to present valid
to provide information.
testing should be used, that is as an government-issued photo identification
Dated: July 1, 2015. and to submit to security screening in
integral component of risk management
applicable at various levels of Mary H. Gottlieb, order to inspect and photocopy
aggregation within a banking Regulatory Specialist, Legislative and comments.
Regulatory Activities Division. All comments received, including
organization, as well as a tool for capital
[FR Doc. 2015–16655 Filed 7–7–15; 8:45 am] attachments and other supporting
and liquidity planning. While the
BILLING CODE 4810–33–P materials, are part of the public record
guidance is not intended to provide
and subject to public disclosure. Do not
detailed instructions for conducting
include any information in your
stress testing for any particular risk or
DEPARTMENT OF THE TREASURY comment or supporting materials that
business area, it does describe several
you consider confidential or
types of stress testing activities and how Office of the Comptroller of the inappropriate for public disclosure.
they may be most appropriately used by Currency Additionally, please send a copy of
banking organizations. The guidance
your comments by mail to: OCC Desk
also does not explicitly address the Agency Information Collection Officer, 1557–0243, U.S. Office of
stress testing requirements imposed Activities: Information Collection Management and Budget, 725 17th
upon certain companies by section Renewal; Submission for OMB Review; Street NW., #10235, Washington, DC
165(i) of the Dodd-Frank Wall Street Registration of Mortgage Loan 20503, or by email to: oira submission@
Reform and Consumer Protection Act Originators omb.eop.gov.
(the Dodd-Frank Act).3
Type of Review: Regular. AGENCY: Office of the Comptroller of the FOR FURTHER INFORMATION CONTACT:
Affected Public: Businesses or other Currency (OCC), Treasury. Shaquita Merritt, (202) 649–5490, for
for-profit. ACTION: Notice and request for comment. persons who are deaf or hard of hearing,
Estimated Number of Respondents: TTY, (202) 649–5597, Legislative and
62. SUMMARY: The OCC, as part of its Regulatory Activities Division, Office of
Estimated annual burden: 16,120 continuing effort to reduce paperwork the Comptroller of the Currency, 400 7th
hours. and respondent burden, invites the Street SW., Washington, DC 20219.
On April 15, 2015, the OCC issued a general public and other Federal SUPPLEMENTARY INFORMATION: The OCC
60-day Federal Register notice agencies to take this opportunity to is requesting extension of OMB
regarding the collection (80 FR 20290). comment on a continuing information approval for this collection. There have
collection, as required by the Paperwork been no changes to the requirements of
1 For purposes of this guidance, the term
Reduction Act of 1995 (PRA). the regulations.
‘‘banking organization’’ means national banks and In accordance with the requirements Title: Registration of Mortgage Loan
Federal branches and agencies supervised by the
of the PRA, the OCC may not conduct
srobinson on DSK5SPTVN1PROD with NOTICES
OCC; state member banks, bank holding companies, Originators.
and all other institutions for which the FRB is the or sponsor, and the respondent is not OMB Number: 1557–0243.
primary Federal supervisor; and state nonmember required to respond to, an information Description: Among other things, the
insured banks and other institutions supervised by collection unless it displays a currently Secure and Fair Enforcement for
the FDIC.
2 77 FR 29458 (May 17, 2012).
valid Office of Management and Budget Mortgage Licensing Act (S.A.F.E. Act),
3 Public Law 111–203, 124 Stat. 1376. Section (OMB) control number. codified at 12 U.S.C. 5101- 5116,
165(i) of the Dodd-Frank Act is codified at 12 U.S.C. The OCC is soliciting comment requires an employee of a bank, savings
5365(i)(2). concerning the renewal of its association, or credit union or a
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Document Created: 2018-02-23 09:12:56
Document Modified: 2018-02-23 09:12:56
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice and request for comment. | |
| Dates | Comments must be submitted on or before August 7, 2015. | |
| 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. | |
| FR Citation | 80 FR 39195 |
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