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)

Page Range		47239-47240
FR Document		2018-20231

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 Issue 181 (Tuesday, September 18, 2018)

[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]


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

Federal Register / Vol. 83, No. 181 / Tuesday, September 18, 2018 / Notices 47239

DEPARTMENT OF TRANSPORTATION Hurricane Florence for all 46 South Issued in Washington, DC, on September
Carolina counties and the Catawba 12, 2018.
Pipeline and Hazardous Materials Indian Nation (EM 3400). On September Howard R. Elliott,
Safety Administration 10, 2018, the President also issued an Administrator, Pipeline and Hazardous
[Notice No. 2018–15] Emergency Declaration for Hurricane Materials Safety Administration.
Florence for all 100 North Carolina [FR Doc. 2018–20188 Filed 9–17–18; 8:45 am]
Hazardous Materials: Emergency counties and the Eastern Band of BILLING CODE 4910–60–P
Waiver No. 6 Cherokee Indians (EM 3401). On
September 11, 2018, the President
AGENCY: Pipeline and Hazardous issued an Emergency Declaration for DEPARTMENT OF THE TREASURY
Materials Safety Administration Hurricane Florence for the entire
(PHMSA), DOT. Commonwealth of Virginia (EM 3403). Office of the Comptroller of the
ACTION: Notice of emergency waiver This Waiver Order covers all areas Currency
order. identified in the three declarations, as
amended. Pursuant to 49 U.S.C. 5103(c), Agency Information Collection
SUMMARY: The Pipeline and Hazardous PHMSA has authority delegated by the Activities: Information Collection
Materials Safety Administration is Secretary (49 CFR 1.97(b)(3)) to waive Renewal; Submission for OMB Review;
issuing an emergency waiver order to compliance with any part of the HMR Guidance on Stress Testing for
persons conducting operations under provided that the grant of the waiver is: Banking Organizations With More than
the direction of Environmental (1) In the public interest; (2) not $10 Billion in Total Consolidated
Protection Agency (EPA) Regions 3 or 4 inconsistent with the safety of Assets
or United States Coast Guard (USCG) transporting hazardous materials; and
Fifth or Seventh Districts within the (3) necessary to facilitate the safe AGENCY: Office of the Comptroller of the
Hurricane Florence emergency areas of movement of hazardous materials into, Currency, Treasury (OCC).
South Carolina, North Carolina, and from, and within an area of a major ACTION: Notice and request for comment.
Virginia. The Waiver is granted to disaster or emergency that has been
SUMMARY: The OCC, as part of its
support the EPA and USCG in taking declared under the Robert T. Stafford
continuing effort to reduce paperwork
appropriate actions to prepare for, Disaster Relief and Emergency
and respondent burden, invites the
respond to, and recover from a threat to Assistance Act (42 U.S.C. 5121 et seq.).
Given the continuing impacts caused general public and other federal
public health, welfare, or the
by Hurricane Florence, PHMSA’s agencies to take this opportunity to
environment caused by actual or
Administrator has determined that comment on a continuing information
potential oil and hazardous materials
regulatory relief is in the public interest collection as required by the Paperwork
incidents resulting from Hurricane
and necessary to ensure the safe Reduction Act of 1995 (PRA).
Florence. This Waiver Order is effective
transportation in commerce of In accordance with the requirements
immediately and shall remain in effect
hazardous materials while the EPA and of the PRA, the OCC may not conduct
for 30 days from the date of issuance.
USCG execute their recovery and or sponsor, and the respondent is not
FOR FURTHER INFORMATION CONTACT: required to respond to, an information
Adam Horsley, Deputy Assistant Chief cleanup efforts in South Carolina, North
Carolina, and Virginia. Specifically, collection unless it displays a currently
Counsel for Hazardous Materials Safety, valid Office of Management and Budget
Pipeline and Hazardous Materials Safety PHMSA’s Administrator finds that
issuing this Waiver Order will allow the (OMB) control number.
Administration, telephone: (202) 366– The OCC is soliciting comment
4400. EPA and USCG to conduct their
Emergency Support Function #10 concerning renewal of its information
SUPPLEMENTARY INFORMATION: In response activities under the National collection titled, ‘‘Guidance on Stress
accordance with the provisions of 49 Response Framework to safely remove, Testing for Banking Organizations with
U.S.C. 5103(c), the Administrator for the transport, and dispose of hazardous more than $10 Billion in Total
Pipeline and Hazardous Materials Safety materials. By execution of this Waiver Consolidated Assets.’’ The OCC also is
Administration (PHMSA), hereby Order, persons conducting operations giving notice that it has sent the
declares that an emergency exists that under the direction of EPA Regions 3 or collection to OMB for review.
warrants issuance of a Waiver of the 4 or USCG Fifth or Seventh Districts DATES: Comments must be submitted on
Hazardous Materials Regulations (HMR, within the Hurricane Florence or before October 18, 2018.
49 CFR parts 171–180) to persons emergency areas of South Carolina, ADDRESSES: Commenters are encouraged
conducting operations under the North Carolina, and Virginia are to submit comments by email, if
direction of Environmental Protection authorized to offer and transport non- possible. You may submit comments by
Agency (EPA) Regions 3 or 4 or United radioactive hazardous materials under any of the following methods:
States Coast Guard (USCG) Fifth or alternative safety requirements imposed • Email: prainfo@occ.treas.gov.
Seventh Districts within the Hurricane by EPA Regions 3 or 4 or USCG Fifth or • Mail: Legislative and Regulatory
Florence emergency areas of South Seventh Districts when compliance with Activities Division, Office of the
Carolina, North Carolina, and Virginia. the HMR is not practicable. Under this Comptroller of the Currency, Attention:
The Waiver is granted to support the Waiver Order, non-radioactive 1557–0312, 400 7th Street SW, Suite
EPA and USCG in taking appropriate hazardous materials may be transported 3E–218, Washington, DC 20219.
actions to prepare for, respond to, and to staging areas within 50 miles of the • Hand Delivery/Courier: 400 7th
daltland on DSKBBV9HB2PROD with NOTICES

recover from a threat to public health, point of origin. Further transportation of Street SW, Suite 3E–218, Washington,
welfare, or the environment caused by the hazardous materials from staging DC 20219.
actual or potential oil and hazardous areas must be in full compliance with • Fax: (571) 465–4326.
materials incidents resulting from the HMR. Instructions: You must include
Hurricane Florence. This Waiver Order is effective ‘‘OCC’’ as the agency name and ‘‘1557–
On September 10, 2018, the President immediately and shall remain in effect 0312’’ in your comment. In general, the
issued an Emergency Declaration for for 30 days from the date of issuance. OCC will publish your comment on

VerDate Sep<11>2014 19:14 Sep 17, 2018 Jkt 244001 PO 00000 Frm 00116 Fmt 4703 Sfmt 4703 E:\FR\FM\18SEN1.SGM 18SEN1

Document Created: 2018-09-18 01:18:29
Document Modified: 2018-09-18 01:18:29

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 October 18, 2018.
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.
FR Citation		83 FR 47239

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 TREASURYOffice of the Comptroller of the Currency

Federal Register Volume 83, Issue 181 (September 18, 2018)

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency