83 FR 62953 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; Annual Stress Test Rule
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 83, Issue 234 (December 6, 2018)
Office of the Comptroller of the Currency
Federal Register Volume 83, Issue 234 (December 6, 2018)
| Page Range | 62953-62954 | |
| FR Document | 2018-26382 |
[Federal Register Volume 83, Number 234 (Thursday, December 6, 2018)] [Notices] [Pages 62953-62954] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-26382] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Comment Request; Annual Stress Test Rule 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 the renewal of this information collection as required by the Paperwork Reduction Act of 1995 (PRA). An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. Currently, the OCC is soliciting comment concerning the renewal of its information collection titled ``Annual Stress Test Rule.'' DATES: Comments must be received by February 4, 2019. 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: 1557-0311, 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 ``1557-0311'' in your comment. In general, the OCC will publish comments on www.reginfo.gov without change, including any business or personal information provided, 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: --------------------------------------------------------------------------- \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. --------------------------------------------------------------------------- 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 [[Page 62954]] information collection can be located by searching by OMB control number ``1557-0311'' or ``Annual Stress Test Rule.'' 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: Shaquita Merritt, Clearance Officer, (202) 649-5490 or, for persons who are deaf or hearing impaired, TTY, (202) 649-5597, Chief Counsel's Office, Office of the Comptroller of the Currency, 400 7th St. SW, Washington, DC 20219. SUPPLEMENTARY INFORMATION: Under the Paperwork Reduction Act (PRA) (44 U.S.C. 3501-3520), federal agencies must obtain approval from the 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 renewal of the collection of information set forth in this document. Title: Annual Stress Test Rule. OMB Control No.: 1557-0311. Description: Section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act requires certain financial companies, including national banks and federal savings associations, to conduct annual stress tests \2\ and requires the primary financial regulatory agency \3\ of those financial companies to issue regulations implementing the stress test requirements.\4\ --------------------------------------------------------------------------- \2\ 12 U.S.C. 5365(i)(2)(A). \3\ 12 U.S.C. 5301(12). \4\ 12 U.S.C. 5365(i)(2)(C). --------------------------------------------------------------------------- Twelve CFR 46.6(a) specifies the calculations of the potential impact on capital that must be made during each quarter of a planning horizon. Section 46.6(c)(1) requires the senior management of each covered institution to establish and maintain a system of controls, oversight, and documentation, including policies and procedures that, at a minimum, describe the covered institution's stress test practices and methodologies and processes for updating the covered institution's stress test practices. Section 46.6(c)(2) provides that the board of directors of the covered institution shall approve and review these policies and procedures no less than annually and provide the board of directors and senior management with a summary of the stress test results. Section 46.7 provides that each covered institution shall report to the OCC and to the Board of Governors of the Federal Reserve System annually the results of the stress test in the time, manner and form specified by the OCC. Section 46.8 requires that a covered institution publish a summary of the results of its annual stress tests on its website or in any other forum that is reasonably accessible to the public. The summary must include a description of the types of risks included in the stress test, a summary description of the methodologies used in the stress test, estimates of aggregate losses, pre-provision net revenue, provisions for loan and lease losses, net income, and pro forma capital ratios and an explanation of the most significant causes of the changes in regulatory capital ratios. The summary also must reflect, for estimates of aggregate losses, pre-provision net revenue, provisions for loan and lease losses, the estimated cumulative effects and estimated capital ratios, net income, and pro forma capital ratios (including regulatory and any other capital ratios specified by the OCC) at the end of the planning horizon, under the severely adverse scenario. Type of Review: Regular. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 61. Estimated Total Annual Burden: 63,440 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 collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; (b) The accuracy of the OCC's estimate of the burden of the collection of information; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of the collection 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: November 29, 2018. Theodore J. Dowd, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2018-26382 Filed 12-4-18; 8:45 am] BILLING CODE 4810-33-P
![Federal Register / Vol. 83, No. 234 / Thursday, December 6, 2018 / Notices 62953
SUMMARY: PHMSA is publishing this located in Ascension and Livingston SUMMARY: The OCC, as part of its
notice to seek public comments on a Parishes, Louisiana, where the class continuing effort to reduce paperwork
request for a special permit, seeking location has changed from a Class 1 to and respondent burden, invites the
relief from compliance with certain Class 3 location. In lieu of pipe general public and other federal
requirements in the federal pipeline replacement, GSPC seeks permission to agencies to take this opportunity to
safety regulations. At the conclusion of perform alternative risk control comment on the renewal of this
the 30-day comment period, PHMSA activities based on integrity information collection as required by
will review the comments received from management program principles and the Paperwork Reduction Act of 1995
this notice as part of its evaluation to requirements. Due to class location (PRA).
grant or deny the special permit request. changes from a Class 1 to Class 3 in the An agency may not conduct or
DATES: Submit any comments regarding 1990s, GSPC lowered the maximum sponsor, and a respondent is not
this special permit request by January 4, allowable operating pressure as required required to respond to, an information
2019. by § 192.611, from 936 pounds per collection unless it displays a currently
ADDRESSES: Comments should reference square inch gauge (psig) to 780 psig. valid Office of Management and Budget
the docket number for the specific However, GSPC now seeks to uprate the (OMB) control number.
special permit request and may be line to restore the previous MAOP, Currently, the OCC is soliciting
submitted in the following ways: using Subpart K of § 192.555. comment concerning the renewal of its
• E-Gov website: http:// The special permit request provided information collection titled ‘‘Annual
www.Regulations.gov. This site allows by the operator includes a draft Stress Test Rule.’’
the public to enter comments on any environmental assessment, (EA), DATES: Comments must be received by
Federal Register notice issued by any proposed special permit conditions, and February 4, 2019.
agency. location map. These documents are filed ADDRESSES: Commenters are encouraged
• Fax: 1–202–493–2251. at http://www.Regulations.gov, in to submit comments by email, if
• Mail: Docket Management System: Docket No. PHMSA–2018–0099. We possible. You may submit comments by
U.S. Department of Transportation, invite interested persons to participate any of the following methods:
Docket Operations, M–30, West by reviewing the special permit • Email: prainfo@occ.treas.gov.
Building Ground Floor, Room W12–140, documents and draft EA at http:// • Mail: Legislative and Regulatory
1200 New Jersey Avenue SE, www.Regulations.gov, and by Activities Division, Office of the
Washington, DC 20590. submitting written comments, data or Comptroller of the Currency, Attention:
• Hand Delivery: Docket Management other views. Please include any 1557–0311, 400 7th Street SW, Suite
System: U.S. Department of comments on potential safety and 3E–218, Washington, DC 20219.
Transportation, Docket Operations, M– environmental impacts that may result • Hand Delivery/Courier: 400 7th
30, West Building Ground Floor, Room if the special permit is granted. Street SW, Suite 3E–218, Washington,
W12–140, 1200 New Jersey Avenue SE, Before issuing a decision on the DC 20219.
Washington, DC 20590, between 9 a.m. special permit request, PHMSA will • Fax: (571) 465–4326.
and 5 p.m., Monday through Friday, evaluate all comments received on or Instructions: You must include
except Federal holidays. before the comment closing date. ‘‘OCC’’ as the agency name and ‘‘1557–
Instructions: You should identify the Comments received after the comment 0311’’ in your comment. In general, the
docket number for the special permit closing date will be evaluated if it is OCC will publish comments on
request you are commenting on at the possible to do so without incurring www.reginfo.gov without change,
beginning of your comments. If you additional expense or delay. PHMSA including any business or personal
submit your comments by mail, please will consider each relevant comment we information provided, such as name and
submit two copies. To receive receive in making our decision to grant address information, email addresses, or
confirmation that PHMSA has received or deny a request. phone numbers. Comments received,
your comments, please include a self- including attachments and other
Issued in Washington, DC on November 29, supporting materials, are part of the
addressed stamped postcard. Internet 2018, under authority delegated in 49 CFR
users may submit comments at http:// public record and subject to public
1.97.
www.Regulations.gov. disclosure. Do not include any
Linda Daugherty, information in your comment or
Note: Privacy Act Statement: There is
Deputy Associate Administrator for Field supporting materials that you consider
a privacy statement published at http://
Operations. confidential or inappropriate for public
www.Regulations.gov. Comments,
[FR Doc. 2018–26380 Filed 12–4–18; 8:45 am] disclosure.
including any personal information
provided, are posted without changes or BILLING CODE 4910–60–P You may review comments and other
edits to http://www.Regulations.gov. related materials that pertain to this
FOR FURTHER INFORMATION CONTACT:
information collection beginning on the
General: Ms. Kay McIver by telephone at date of publication of the second notice
DEPARTMENT OF THE TREASURY for this collection 1 by any of the
202–366–0113, or email at kay.mciver@
dot.gov. Office of the Comptroller of the following methods:
Technical: Mr. Steve Nanney by Currency • Viewing Comments Electronically:
telephone at 713–628–7479, or email at Go to www.reginfo.gov. Click on the
Steve.Nanney@dot.gov. Agency Information Collection ‘‘Information Collection Review’’ tab.
khammond on DSK30JT082PROD with NOTICES
Activities: Information Collection Underneath the ‘‘Currently under
SUPPLEMENTARY INFORMATION: PHMSA
Renewal; Comment Request; Annual Review’’ section heading, from the drop-
received a special permit request from down menu, select ‘‘Department of
Gulf South Pipeline Company, LP, Stress Test Rule
Treasury’’ and then click ‘‘submit.’’ This
(‘‘GSPC’’) to deviate from the pipeline AGENCY: Office of the Comptroller of the
safety regulations in 49 CFR 192.611, for Currency, Treasury (OCC). 1 Following the close of the 60-day comment
four segments totaling 4.65 miles, of 30- period for this notice, the OCC will publish a notice
ACTION: Notice and request for comment.
inch diameter Index 130 pipeline, for 30 days of comment for this collection.
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![62954 Federal Register / Vol. 83, No. 234 / Thursday, December 6, 2018 / Notices
information collection can be located by regulatory agency 3 of those financial approval. All comments will become a
searching by OMB control number companies to issue regulations matter of public record. Comments are
‘‘1557–0311’’ or ‘‘Annual Stress Test implementing the stress test invited on:
Rule.’’ Upon finding the appropriate requirements.4 (a) Whether the collection of
information collection, click on the Twelve CFR 46.6(a) specifies the information is necessary for the proper
related ‘‘ICR Reference Number.’’ On the calculations of the potential impact on performance of the functions of the
next screen, select ‘‘View Supporting capital that must be made during each OCC, including whether the information
Statement and Other Documents’’ and quarter of a planning horizon. Section has practical utility;
then click on the link to any comment 46.6(c)(1) requires the senior (b) The accuracy of the OCC’s
listed at the bottom of the screen. management of each covered institution estimate of the burden of the collection
• For assistance in navigating to establish and maintain a system of of information;
www.reginfo.gov, please contact the controls, oversight, and documentation, (c) Ways to enhance the quality,
Regulatory Information Service Center including policies and procedures that, utility, and clarity of the information to
at (202) 482–7340. at a minimum, describe the covered be collected;
• Viewing Comments Personally: You institution’s stress test practices and (d) Ways to minimize the burden of
may personally inspect comments at the methodologies and processes for the collection on respondents, including
OCC, 400 7th Street SW, Washington, updating the covered institution’s stress through the use of automated collection
DC. For security reasons, the OCC test practices. Section 46.6(c)(2) techniques or other forms of information
requires that visitors make an provides that the board of directors of technology; and
appointment to inspect comments. You the covered institution shall approve (e) Estimates of capital or start-up
may do so by calling (202) 649–6700 or, and review these policies and costs and costs of operation,
for persons who are deaf or hearing procedures no less than annually and maintenance, and purchase of services
impaired, TTY, (202) 649–5597. Upon provide the board of directors and to provide information.
arrival, visitors will be required to senior management with a summary of Dated: November 29, 2018.
present valid government-issued photo the stress test results. Theodore J. Dowd,
identification and submit to security Section 46.7 provides that each Deputy Chief Counsel, Office of the
screening in order to inspect comments. covered institution shall report to the Comptroller of the Currency.
FOR FURTHER INFORMATION CONTACT: OCC and to the Board of Governors of [FR Doc. 2018–26382 Filed 12–4–18; 8:45 am]
Shaquita Merritt, Clearance Officer, the Federal Reserve System annually the BILLING CODE 4810–33–P
(202) 649–5490 or, for persons who are results of the stress test in the time,
deaf or hearing impaired, TTY, (202) manner and form specified by the OCC.
649–5597, Chief Counsel’s Office, Office Section 46.8 requires that a covered DEPARTMENT OF THE TREASURY
of the Comptroller of the Currency, 400 institution publish a summary of the
7th St. SW, Washington, DC 20219. results of its annual stress tests on its Internal Revenue Service
SUPPLEMENTARY INFORMATION: Under the website or in any other forum that is
Paperwork Reduction Act (PRA) (44 reasonably accessible to the public. The Proposed Collection; Comment
U.S.C. 3501–3520), federal agencies summary must include a description of Request for Form 6252
must obtain approval from the OMB for the types of risks included in the stress AGENCY: Internal Revenue Service (IRS),
each collection of information that they test, a summary description of the Treasury.
conduct or sponsor. ‘‘Collection of methodologies used in the stress test,
ACTION: Notice and request for
information’’ is defined in 44 U.S.C. estimates of aggregate losses, pre-
comments.
3502(3) and 5 CFR 1320.3(c) to include provision net revenue, provisions for
agency requests or requirements that loan and lease losses, net income, and SUMMARY: The Internal Revenue Service,
members of the public submit reports, pro forma capital ratios and an as part of its continuing effort to reduce
keep records, or provide information to explanation of the most significant paperwork and respondent burden,
a third party. Section 3506(c)(2)(A) of causes of the changes in regulatory invites the general public and other
title 44 requires federal agencies to capital ratios. The summary also must Federal agencies to take this
provide a 60-day notice in the Federal reflect, for estimates of aggregate losses, opportunity to comment on proposed
Register concerning each proposed pre-provision net revenue, provisions and/or continuing information
collection of information, including for loan and lease losses, the estimated collections, as required by the
each proposed extension of an existing cumulative effects and estimated capital Paperwork Reduction Act of 1995.
collection of information, before ratios, net income, and pro forma capital Currently, the IRS is soliciting
submitting the collection to OMB for ratios (including regulatory and any comments concerning Form 6252,
approval. To comply with this other capital ratios specified by the Installment Sale Income.
requirement, the OCC is publishing OCC) at the end of the planning horizon, DATES: Written comments should be
notice of the renewal of the collection under the severely adverse scenario. received on or before February 4, 2019
of information set forth in this Type of Review: Regular. to be assured of consideration.
document. Affected Public: Businesses or other
ADDRESSES: Direct all written comments
Title: Annual Stress Test Rule. for-profit.
OMB Control No.: 1557–0311. Estimated Number of Respondents: to Laurie Brimmer, Internal Revenue
Description: Section 165(i)(2) of the 61. Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
khammond on DSK30JT082PROD with NOTICES
Dodd-Frank Wall Street Reform and Estimated Total Annual Burden:
Consumer Protection Act requires 63,440 hours. FOR FURTHER INFORMATION CONTACT:
certain financial companies, including Comments submitted in response to Requests for additional information or
national banks and federal savings this notice will be summarized and copies of the form and instructions
associations, to conduct annual stress included in the request for OMB should be directed to LaNita Van Dyke,
tests 2 and requires the primary financial at (202) 317–6009, at Internal Revenue
3 12 U.S.C. 5301(12). Service, Room 6526, 1111 Constitution
2 12 U.S.C. 5365(i)(2)(A). 4 12 U.S.C. 5365(i)(2)(C). Avenue NW, Washington, DC 20224, or
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Document Created: 2018-12-05 02:35:36
Document Modified: 2018-12-05 02:35:36
| 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 received by February 4, 2019. | |
| Contact | Shaquita Merritt, Clearance Officer, (202) 649-5490 or, for persons who are deaf or hearing impaired, TTY, (202) 649-5597, Chief Counsel's Office, Office of the Comptroller of the Currency, 400 7th St. SW, Washington, DC 20219. | |
| FR Citation | 83 FR 62953 |
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