[Federal Register Volume 85, Number 236 (Tuesday, December 8, 2020)]
[Notices]
[Page 79075]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-26889]


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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 Risk-Based Capital Standards

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury. 
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 comment on the renewal of an 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. The OCC is soliciting 
comment concerning renewal of its information collection titled, 
``Risk-Based Capital Standards.'' The OCC also is giving notice that it 
has sent the collection to OMB for review.

DATES: Comments must be submitted by January 7, 2021.

ADDRESSES: Commenters are encouraged to submit comments by email, if 
possible. You may submit comments by any of the following methods:
    <bullet> Email: <a href="/cdn-cgi/l/email-protection#51212330383f373e113e32327f25233430227f363e27"><span class="__cf_email__" data-cfemail="70000211191e161f301f13135e04021511035e171f06">[email protected]</span></a>.
    <bullet> Mail: Chief Counsel's Office, Attention: Comment 
Processing, 1557-0318, Office of the Comptroller of the Currency, 400 
7th Street SW, Suite 3E-218, Washington, DC 20219.
    <bullet> Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219.
    Instructions: You must include ``OCC'' as the agency name and 
``1557-0318'' 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.
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to www.reginfo.gov/public/do/PRAMain. Find this particular information 
collection by selecting ``Currently under 30-day Review--Open for 
Public Comments'' or by using the search function.
    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 the following method:
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    \1\ On September 24, 2020 the OCC published a 60-day notice for 
this information collection, 85 FR 60281.
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    <bullet> 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 ``1557-0318'' or ``Risk-Based Capital Standards.'' 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.
    <bullet> For assistance in navigating www.reginfo.gov, please 
contact the Regulatory Information Service Center at (202) 482-7340.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer, 
(202) 649-5490, Chief Counsel's Office, Office of the Comptroller of 
the Currency, 400 7th Street SW, Washington, DC 20219.

SUPPLEMENTARY INFORMATION: Under the 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. The OCC asks 
that OMB renew its approval of the information collection contained in 
this document.
    Title: Risk-Based Capital Standards.
    OMB Control No.: 1557-0318.
    Affected Public: Businesses or other for-profit.
    Type of Review: Regular.
    Abstract: The OCC is seeking to renew the emergency approval 
granted for an addition to the OCC's Risk-Based Capital information 
collection. The addition was made necessary by an interim final rule 
that introduced a new notice opt-in requirement and a requirement for 
prior approval for distributions.\2\ A national bank or Federal savings 
association, when calculating on-balance sheet assets as of each day of 
a reporting quarter for purposes of determining the national bank's or 
Federal savings association's total leverage exposure, may (on a 
temporary basis) exclude the balance sheet carrying value of U.S. 
Treasury securities and funds on deposit at a Federal Reserve Bank. 
Before applying this relief, a national bank or Federal savings 
association must first notify the OCC. During the calendar quarter 
beginning on July 1, 2020 and continuing until March 31, 2021, no 
national bank or Federal savings association that has opted into this 
relief may make a distribution, or create an obligation to make such a 
distribution, without prior OCC approval.
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    \2\ Regulatory Capital Rule: Temporary Exclusion of U.S. 
Treasury Securities and Deposits at Federal Reserve Banks from the 
Supplementary Leverage Ratio for Depository Institutions, 85 FR 
32980 (June 1, 2020).
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Burden Estimates

    Estimated Number of Respondents: 2.
     Estimated Annual Burden: 24 hours.
    On September 24, 2020, the OCC issued a notice for 60 days of 
comment concerning the collection, 85 FR 60281. No comments were 
received. Comments continued to be 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 information 
collection burden;
    (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.

Bao Nguyen,
Principal Deputy Chief Counsel, Office of the Comptroller of the 
Currency.
[FR Doc. 2020-26889 Filed 12-7-20; 8:45 am]
BILLING CODE 4810-33-P


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