[Federal Register Volume 89, Number 188 (Friday, September 27, 2024)]
[Notices]
[Pages 79364-79365]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-22234]


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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; 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.

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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:
    <bullet> Email: <a href="/cdn-cgi/l/email-protection#fe8e8c9f97909891be919d9dd08a8c9b9f8dd0999188"><span class="__cf_email__" data-cfemail="f38381929a9d959cb39c9090dd8781969280dd949c85">[email protected]</span></a>.
    <bullet> 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.
    <bullet> Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219.
    <bullet> 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.
    <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.
    <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. If you are deaf, 
hard of hearing, or have a speech disability, please dial 7-1-1 to 
access telecommunications relay services.

[[Page 79365]]


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.
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    \1\ For 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).
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    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; well-designed scenarios tailored to the 
organization's business and risks; well-documented 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 OCC-supervised 
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\
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    \3\ Public 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).
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    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


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