79364 Federal Register / Vol. 89, No. 188 / Friday, September 27, 2024 / Notices 

the period of performance and closeout 

of PHMSA financial assistance for the 

project, estimated to be February 21, 

2028. If the sources of Federal financial 

assistance applied to the project are 

changed, PHMSA will consider whether 

the waiver continues to be warranted, 

taking into account the project’s 

development status at that time and any 

changes in market conditions for the 

products subject to the waiver. 

Although City Utilities was awarded 

$10 million in NGDISM grant funding in 

FY2022, the majority of funding in 

NGDISM projects typically goes towards 

labor costs rather than materials costs. 

City Utilities estimates that for its 

FY2022 project the total cost of the 

products proposed to be waived equals 

approximately $72,000, divided across 

five types of products. NIST MEP 

identified several companies who have 

the capability to manufacture 1A meter 

swivels, nuts, and washers, yet declined 

to do so after engagement with City 

Utilities on the grounds that it would be 

cost prohibitive to manufacture these 

products at the relatively small scale 

needed by City Utilities. 

By contrast, the proposed waiver 

would have a large impact on City 

Utilities’ ability to successfully 

complete its NGDISM project and 

deliver meaningful safety benefits to 

disadvantaged areas of Springfield, MO. 

All of the products listed herein are 

essential to the proper construction of a 

natural gas distribution pipeline. If this 

waiver is not approved, City Utilities’ 

project will not be completed 

successfully. Additionally, City Utilities 

estimates that its total materials costs for 

the project will equal approximately 

$800,000. The cost of the products 

proposed to be waived therefore equates 

to 9 percent of City Utilities’ total 

materials costs, which is above the five 

percent threshold applicable to DOT’s 

Waiver of Buy America Requirements 

for De Minimis Costs and Small Grants 

(88 FR 55817). 

Under OMB Memorandum M–24–02, 

agencies are expected to assess 

‘‘whether a significant portion of any 

cost advantage of a foreign-sourced 

product is the result of the use of 

dumped steel, iron, or manufactured 

products or the use of injuriously 

subsidized steel, iron, or manufactured 

products’’ as appropriate before granting 

a public interest waiver. PHMSA’s 

analysis has concluded that this 

assessment is not applicable to this 

waiver, as it is being proposed on the 

basis of nonavailability, rather than 

public interest or unreasonable cost. 

PHMSA will consider all comments 

received in the initial 15-day comment 

period during our consideration of the 

proposed waiver, as required by Section 

70914(c)(2) of the IIJA. Comments 

received after this period, but before 

notice of our finding is published in the 

Federal Register, will be considered to 

the extent practicable. 

Issued in Washington, DC, on September 

23, 2024, under authority delegated in 49 

CFR 1.97. 

Tristan H. Brown, 

Deputy Administrator. 

[FR Doc. 2024–22118 Filed 9–26–24; 8:45 am] 

BILLING CODE 4910–60–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Information Collection 

Renewal; Submission for OMB Review; 

Supervisory Guidance on Stress 

Testing for Banking Organizations 

With Total Consolidated Assets of 

More Than $10 Billion 

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 

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 the 

renewal of its information collection 

titled, ‘‘Supervisory Guidance on Stress 

Testing for Banking Organizations with 

Total Consolidated Assets of More Than 

$10 Billion.’’ 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 28, 2024. 

ADDRESSES: 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: Chief Counsel’s Office, 

Attention: Comment Processing, 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) 293–4835. 

Instructions: You must include 

‘‘OCC’’ as the agency name and ‘‘1557– 

0312’’ 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 also be 

sent within 30 days of publication of 

this notice to www.reginfo.gov/public/ 

do/PRAMain. You can find this 

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 following the 

close of the 30-day comment period for 

this notice by the method set forth in 

the next bullet. 

• Viewing Comments Electronically: 

Go to www.reginfo.gov. Hover over the 

‘‘Information Collection Review’’ tab 

and click on ‘‘Information Collection 

Review’’ from the drop-down menu. 

From the ‘‘Currently under Review’’ 

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 ‘‘Supervisory Guidance 

on Stress Testing for Banking 

Organizations with Total Consolidated 

Assets of More Than $10 Billion.’’ 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. 

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. If you are deaf, 

hard of hearing, or have a speech 

disability, please dial 7–1–1 to access 

telecommunications relay services. 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 89, No. 188 / Friday, September 27, 2024 / Notices 79365 

1For purposes of this guidance, the term 

‘‘banking organization’’ means national banks, 

Federal savings associations, and Federal branches 

and agencies supervised by the OCC; state member 

banks, bank holding companies, savings and loan 

holding companies, and all other institutions for 

which the Federal Reserve is the primary Federal 

supervisor; and state nonmember banks, and all 

other institutions for which the FDIC is the primary 

Federal supervisor. 

2 77 FR 29458 (May 17, 2012). 

3Public Law 111–203, 124 Stat. 1376 (2010), as 

revised by the Economic Growth, Regulatory Relief, 

and Consumer Protection Act, Public Law 115–174, 

132 Stat. 1296–1368 (2018), and codified at 12 

U.S.C. 5365(i)(2). 

SUPPLEMENTARY INFORMATION: Under the 

PRA (44 U.S.C. 3501 et seq.), 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 the OMB to extend its approval of 

the collection in this notice. 

Title: Supervisory Guidance on Stress 

Testing for Banking Organizations with 

Total Consolidated Assets of More Than 

$10 Billion. 

OMB Control No.: 1557–0312. 

Type of Review: Regular. 

Affected Public: Businesses or other 

for-profit. 

Description: 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 in 

the Federal Register on the use of stress 

testing as a means to better understand 

the range of a banking organization’s 1

potential risk exposures.2 The OCC is 

now seeking to renew the information 

collection associated with that 

guidance. 

The guidance provides an overview of 

how a banking organization should 

structure its stress testing activities to 

ensure that 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 how stress 

testing should be used. In addition, the 

guidance sets forth high-level 

recommendations for the development 

of a stress testing framework with 

clearly defined objectives; welldesigned scenarios tailored to the 

organization’s business and risks; welldocumented assumptions; conceptually 

sound methodologies to assess potential 

impact to the organization’s financial 

condition; informative management 

reports; recommended actions based on 

stress test results; and policies and 

procedures for the framework. The 

information collected informs how 

banking organizations use stress testing 

as a component of risk management and 

as a tool for capital and liquidity 

planning. The OCC reviews such 

materials as part of its supervisory 

process, which includes review of the 

risk-management capabilities of OCCsupervised banking organizations. 

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 does not 

explicitly address the stress testing 

requirements imposed upon certain 

banking organizations by section 165(i) 

of the Dodd-Frank Wall Street Reform 

and Consumer Protection Act.3

Estimated Frequency of Response: On 

occasion. 

Estimated Number of Respondents: 

62. 

Estimated Annual Burden: 16,120 

hours. 

Comments: On July 23, 2024, the OCC 

published a 60-day notice for this 

information collection, 89 FR 59803. No 

comments were received. 

Comments continue 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 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. 

Patrick T. Tierney, 

Assistant Director, Office of the Comptroller 

of the Currency. 

[FR Doc. 2024–22234 Filed 9–26–24; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

Enhanced-Use Lease of Department of 

Veterans Affairs Real Property for the 

Development of Permanent Supportive 

Housing at the Veterans Affairs Palo 

Alto Health Care System—Menlo Park 

Division, Menlo Park, California 

Campus 

AGENCY: Department of Veterans Affairs. 

ACTION: Notice of intent to enter into an 

enhanced-use lease. 

SUMMARY: The purpose of this Federal 

Register notice is to provide the public 

with notice that the Secretary of the 

Department of Veterans Affairs (VA) 

intends to enter into an enhanced-use 

lease (EUL) of approximately 2.1 acres 

of underutilized land on the campus of 

the VA Palo Alto Health Care System— 

Menlo Park Division. 

FOR FURTHER INFORMATION CONTACT: C. 

Brett Simms, Executive Director, Office 

of Asset Enterprise Management, Office 

of Management, 810 Vermont Avenue 

NW, Washington, DC 20420, 202–632– 

7092. This is not a toll-free number. 

SUPPLEMENTARY INFORMATION: Pursuant 

to 38 U.S.C. 8161, et seq. as amended by 

Public Law 117–168, the Secretary of 

VA is authorized to enter into an EUL 

for a term of up to 99 years, that (a) 

provides supportive housing for 

Veterans and their families, or (b) 

enhances the use of the leased property 

by directly or indirectly benefitting 

Veterans. Additionally, the EUL must 

not be inconsistent with and not 

adversely affect the mission of VA or the 

operation of VA’s facilities, programs, 

and services in the area of the leased 

property. Consistent with this authority, 

the Secretary of VA intends to enter into 

an EUL for the purpose of outleasing 

approximately 2.1 acres of underutilized 

land on the campus of the VA Palo Alto 

Health Care System—Menlo Park 

Division, to develop approximately 60 

units of permanent supportive housing 

for Veterans and their families and 2 

manager units. The competitively 

selected EUL lessee/developer, MP Oak 

Gardens Associates, L.P., will finance, 

design, develop, construct, manage, 

maintain, and operate housing for 

eligible homeless Veterans or Veterans 

at risk of homelessness on a priority 

placement basis. In addition, the lessee/ 

developer will be required to provide 

supportive services that guide Veteran 

residents towards long-term 

independence and self-sufficiency. 

Signing Authority 

Denis McDonough, Secretary of 

Veterans Affairs, approved and signed 


lotter on DSK11XQN23PROD with NOTICES1