83 FR 47239 - 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 83, Issue 181 (September 18, 2018)

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.'' The OCC also is giving notice that it has sent the collection to OMB for review.

[Federal Register Volume 83, Number 181 (Tuesday, September 18, 2018)]
[Notices]
[Pages 47239-47240]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-20231]


=======================================================================
-----------------------------------------------------------------------

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 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.'' The OCC also is giving notice that it has sent the collection 
to OMB for review.

DATES: Comments must be submitted on or before October 18, 2018.

ADDRESSES: Commenters are encouraged to submit comments by email, if 
possible. You may submit comments by any of the following methods:
     Email: [email protected].
     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 your 
comment on

[[Page 47240]]

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.
    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].
    You may review comments and other related materials that pertain to 
this information collection \1\ following the close of the 30-Day 
comment period for this notice by any of the following methods:
---------------------------------------------------------------------------

    \1\ On April 2, 2018, the OCC published a 60-Day notice for this 
information collection.
---------------------------------------------------------------------------

     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 
Organizations 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 
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 
comments.

FOR FURTHER INFORMATION CONTACT: OCC Clearance Officer, (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. The OCC asks that OMB extend its approval of the following 
information collection.
    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 
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.
---------------------------------------------------------------------------

    \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).
---------------------------------------------------------------------------

    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. In addition, although the guidance does not 
at present 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\ the guidance will be revisited 
as part of the OCC's implementation of the Economic Growth, Regulatory 
Relief, and Consumer Protection Act (Pub. L. 115-174, May 24, 2018) 
(Economic Growth Act), which amended the Dodd-Frank Act to raise the 
threshold for national banks and FSAs subject to stress testing from 
$10 billion to $250 billion in total consolidated assets, reduce the 
number of stress test scenarios, and revise the annual stress test 
requirement to a periodic requirement. There was insufficient time to 
address changes needed to the guidance prior to completing this 
renewal.
---------------------------------------------------------------------------

    \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).
---------------------------------------------------------------------------

    Type of Review: Regular.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 62.
    Estimated annual burden: 16,120 hours.
    The OCC issued a notice for 60 days of comment regarding this 
collection, April 2, 2018, 83 FR 14103. No comments were received. 
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: September 12, 2018.
Theodore J. Dowd,
Deputy Chief Counsel.
[FR Doc. 2018-20231 Filed 9-17-18; 8:45 am]
BILLING CODE 4810-33-P