83 FR 14103 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; 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 83, Issue 63 (April 2, 2018)

Page Range		14103-14104
FR Document		2018-06573

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 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 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.''

Federal Register, Volume 83 Issue 63 (Monday, April 2, 2018)

[Federal Register Volume 83, Number 63 (Monday, April 2, 2018)]
[Notices]
[Pages 14103-14104]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-06573]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Comment Request; 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.

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 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 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.''

DATES: Comments must be submitted on or before June 1, 2018.

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. You may submit comments by any of the following 
methods:
     Email: prainfo@occ.treas.gov.
     Mail: Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency, Attention: 1557-0312, 400 
7th Street SW, Suite 3E-218, Washington, DC 20219.
     Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219.
     Fax: (571) 465-4326.
    Instructions: You must include ``OCC'' as the agency name and 
``1557-0312'' in your comment. In general, the OCC will publish them on 
www.reginfo.gov without change, including any business or personal 
information that you provide, such as name and address information, 
email addresses, or phone numbers. Comments received, including 
attachments and other supporting materials, are part of the public 
record and subject to public disclosure. Do not include any information 
in your comment or supporting materials that you consider confidential 
or inappropriate for public disclosure.
    You may review comments and other related materials that pertain to 
this information collection beginning on the date of publication of the 
second notice for this collection \1\ by any of the following methods:
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    \1\ Following the close of the 60-Day comment period for this 
notice, the OCC will publish a notice for 30 days of comment for 
this collection.
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     Viewing Comments Electronically: Go to www.reginfo.gov. 
Click on the ``Information Collection Review'' tab. Underneath the 
``Currently under Review'' section heading, from the drop-down menu, 
select ``Department of Treasury'' and then click ``submit.'' This 
information collection can be located by searching by OMB control 
number ``1557-0312'' or ``Guidance on Stress Testing for Banking 
Organization with More than $10 Billion in Total Consolidated Assets.'' 
Upon finding the appropriate information collection, click on the 
related ``ICR Reference Number.'' On the next screen, select ``View 
Supporting Statement and Other Documents'' and then click on the link 
to any comment listed at the bottom of the screen.
     For assistance in navigating www.reginfo.gov, please 
contact the Regulatory Information Service Center at (202) 482-7340.
     Viewing Comments Personally: You may personally inspect 
and photocopy comments at the OCC, 400 7th Street, SW, Washington, DC. 
For security reasons, the OCC requires that visitors make an 
appointment to inspect comments. You may do so by calling (202) 649-
6700 or, for persons who are deaf or hearing impaired, TTY, (202) 649-
5597. 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.

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

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), federal 
agencies must obtain approval from the Office of Management and Budget 
(OMB) for each collection of information that they conduct or sponsor. 
``Collection of information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 
1320.3(c) to include agency requests or requirements that members of 
the public submit reports, keep records, or provide information to a 
third party. Section 3506(c)(2)(A) of title 44 requires federal 
agencies to provide a 60-day notice in the Federal Register concerning 
each proposed collection of information, including each proposed 
extension of an existing collection of information, before submitting 
the collection to OMB for approval. To comply with this requirement, 
the OCC is publishing notice of the proposed collection of information 
set forth in this document.
    Title: Guidance on Stress Testing for Banking Organization with 
More than $10 Billion in Total Consolidated Assets.
    OMB Control No.: 1557-0312.
    Description: Each banking organization should have the capacity to

[[Page 14104]]

understand its risks and the potential impact of stressful events and 
circumstances on its financial condition.\2\ On May 17, 2012, the OCC, 
along with the Federal Deposit Insurance Corporation (FDIC) and the 
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.\3\ The OCC is now 
seeking to renew the information collection associated with that 
guidance.
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    \2\ 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.
    \3\ 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 those 
activities fit into the banking organization's overall risk management. 
The purpose of the guidance is to outline broad principles for a 
satisfactory stress testing framework and describe the manner in which 
stress testing should be used. 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.\4\
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    \4\ 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.
    Comments submitted in response to this notice will be summarized 
and included in the request for OMB approval. All comments will become 
a matter of public record. Comments are 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: March 26, 2018.
Karen Solomon,
Acting Senior Deputy Comptroller and Chief Counsel.
[FR Doc. 2018-06573 Filed 3-30-18; 8:45 am]
 BILLING CODE 4810-33-P

14104 Federal Register / Vol. 83, No. 63 / Monday, April 2, 2018 / Notices

understand its risks and the potential validity of the methodology and Activities Division, Office of the
impact of stressful events and assumptions used; Comptroller of the Currency, Attention:
circumstances on its financial (c) Ways to enhance the quality, 1557–0238, 400 7th Street SW, Suite
condition.2 On May 17, 2012, the OCC, utility, and clarity of the information to 3E–218, Washington, DC 20219. In
along with the Federal Deposit be collected; addition, comments may be sent by fax
Insurance Corporation (FDIC) and the (d) Ways to minimize the burden of to (571) 465–4326 or by electronic mail
Board of Governors of the Federal information collections on respondents, to prainfo@occ.treas.gov. You may
Reserve (FRB), published guidance on including through the use of automated personally inspect and photocopy
the use of stress testing as a means to collection techniques or other forms of comments at the OCC, 400 7th Street
better understand the range of a banking information technology; and SW, Washington, DC 20219. For
organization’s potential risk exposures.3 (e) Estimates of capital or start-up security reasons, the OCC requires that
The OCC is now seeking to renew the costs and costs of operation, visitors make an appointment to inspect
information collection associated with maintenance, and purchase of services comments. You may do so by calling
that guidance. to provide information. (202) 649–6700 or, for persons who are
The guidance provides an overview of Dated: March 26, 2018. deaf or hearing impaired, TTY, (202)
how a banking organization should Karen Solomon, 649–5597. Upon arrival, visitors will be
structure its stress testing activities to required to present valid government-
Acting Senior Deputy Comptroller and Chief
ensure those activities fit into the Counsel. issued photo identification and submit
banking organization’s overall risk to security screening in order to inspect
[FR Doc. 2018–06573 Filed 3–30–18; 8:45 am]
management. The purpose of the and photocopy comments.
BILLING CODE 4810–33–P
guidance is to outline broad principles All comments received, including
for a satisfactory stress testing attachments and other supporting
framework and describe the manner in DEPARTMENT OF THE TREASURY materials, are part of the public record
which stress testing should be used. and subject to public disclosure. Do not
While the guidance is not intended to Office of the Comptroller of the include any information in your
provide detailed instructions for Currency comment or supporting materials that
conducting stress testing for any you consider confidential or
particular risk or business area, it does Agency Information Collection inappropriate for public disclosure.
describe several types of stress testing Activities: Information Collection
activities and how they may be most Renewal; Comment Request; FOR FURTHER INFORMATION CONTACT:
appropriately used by banking Procedures To Enhance the Accuracy Shaquita Merritt, OCC Clearance
organizations. The guidance also does and Integrity of Information Furnished Officer, (202) 649–5490 or, for persons
not explicitly address the stress testing to Consumer Reporting Agencies who are deaf or hearing impaired, TTY,
requirements imposed upon certain Under Section 312 of the Fair and (202) 649–5597, Legislative and
companies by section 165(i) of the Accurate Credit Transactions Act Regulatory Activities Division, Office of
Dodd-Frank Wall Street Reform and the Comptroller of the Currency, 400 7th
AGENCY: Office of the Comptroller of the Street, SW, Suite 3E–218, Washington,
Consumer Protection Act.4
Type of Review: Regular. Currency, Treasury. DC 20219.
Affected Public: Businesses or other ACTION: Notice and request for comment.
SUPPLEMENTARY INFORMATION: Under the
for-profit. SUMMARY: The OCC, as part of its PRA (44 U.S.C. 3501–3520), Federal
Estimated Number of Respondents: agencies must obtain approval from
continuing effort to reduce paperwork
62. OMB for each collection of information
Estimated annual burden: 16,120 and respondent burden, invites the
general public and other federal that they conduct or sponsor.
hours. ‘‘Collection of information’’ is defined
Comments submitted in response to agencies to take this opportunity to
comment on a continuing information in 44 U.S.C. 3502(3) and 5 CFR
this notice will be summarized and 1320.3(c) to include agency requests and
included in the request for OMB collection as required by the Paperwork
Reduction Act of 1995. requirements that members of the public
approval. All comments will become a submit reports, keep records, or provide
matter of public record. Comments are An agency may not conduct or
sponsor, and a respondent is not information to a third party. Section
invited on: 3506(c)(2)(A) of part 44 requires federal
(a) Whether the collections of required to respond to, an information
collection unless it displays a currently agencies to provide a 60-day notice in
information are necessary for the proper
valid OMB control number. the Federal Register concerning each
performance of the OCC’s functions,
The OCC is soliciting comment proposed collection of information,
including whether the information has
concerning the renewal of its including each proposed extension of an
practical utility;
(b) The accuracy of the OCC’s information collection titled, existing collection of information,
estimates of the burden of the ‘‘Procedures to Enhance the Accuracy before submitting the collection to OMB
information collections, including the and Integrity of Information Furnished for approval. To comply with this
to Consumer Reporting Agencies under requirement, the OCC is publishing
2 For purposes of this guidance, the term Section 312 of the Fair and Accurate notice of the proposed extension of this
‘‘banking organization’’ means national banks and Credit Transactions Act.’’ collection of information.
federal branches and agencies supervised by the DATES: Comments must be received by Title: Procedures to Enhance the
daltland on DSKBBV9HB2PROD with NOTICES

OCC; state member banks, bank holding companies, Accuracy and Integrity of Information
and all other institutions for which the FRB is the June 1, 2018.
primary federal supervisor; and state nonmember ADDRESSES: Because paper mail in the Furnished to Consumer Reporting
insured banks and other institutions supervised by Washington, DC area and at the OCC is Agencies under Section 312 of the Fair
the FDIC.
subject to delay, commenters are and Accurate Credit Transactions Act
3 77 FR 29458 (May 17, 2012).
encouraged to submit comments by (FACT Act).
4 Public Law 111–203, 124 Stat. 1376. Section

165(i) of the Dodd-Frank Act is codified at 12 U.S.C. email, if possible. Comments may be OMB Control No.: 1557–0238.
5365(i)(2). sent to: Legislative and Regulatory Type of Review: Regular.

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Document Created: 2018-11-01 09:08:37
Document Modified: 2018-11-01 09:08:37

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 June 1, 2018.
Contact		Shaquita Merritt, (202) 649-5490 or, for persons who are deaf or hearing impaired, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
FR Citation		83 FR 14103

83 FR 14103 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; Guidance on Stress Testing for Banking Organizations With More Than $10 Billion in Total Consolidated Assets

DEPARTMENT OF THE TREASURYOffice of the Comptroller of the Currency

Federal Register Volume 83, Issue 63 (April 2, 2018)

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency