Federal Register / Vol. 80, No. 72 / Wednesday, April 15, 2015 / Notices 20291 

1For 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. 

2 77 FR 29458 (May 17, 2012). 

3Pub. L. 111–203, 124 Stat. 1376. Section 165(i) 

of the Dodd-Frank Act is codified at 12 U.S.C. 

5365(i)(2). 

3E–218, Mail Stop 9W–11, Washington, 

DC 20219. In addition, comments may 

be sent by fax to (571) 465–4326 or by 

electronic mail to regs.comments@

occ.treas.gov. You may personally 

inspect and photocopy comments at the 

OCC, 400 7th Street SW., Washington, 

DC 20219. For security reasons, the OCC 

requires that visitors make an 

appointment to inspect comments. You 

may do so by calling (202) 649–6700. 

Upon arrival, visitors will be required to 

present valid government-issued photo 

identification and submit to security 

screening in order to inspect and 

photocopy comments. 

All 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. 

FOR FURTHER INFORMATION CONTACT: 

Mary H. Gottlieb, (202) 649–5490, for 

persons who are deaf or hard of hearing, 

TTY, (202) 649–5597, Legislative and 

Regulatory Activities Division, Office of 

the Comptroller of the Currency, 400 7th 

Street SW., Suite 3E–218, Mail Stop 

9W–11, 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 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 the PRA (44 U.S.C. 

3506(c)(2)(A)) 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 proposed collection of 

information set forth in this document. 

The OCC is proposing to extend OMB 

approval of the following information 

collection: 

Title: Recordkeeping and Disclosure 

Provisions Associated with Stress 

Testing Guidance. 

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.1 On May 17, 2012, the OCC, 

along with the Federal Deposit 

Insurance Corporation (FDIC) and 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.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 they 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 

to describe the manner in which stress 

testing should be used, that is as an 

integral component of risk management 

applicable at various levels of 

aggregation within a banking 

organization, as well as a tool for capital 

and liquidity planning. 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 

also does not 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.3

Type of Review: Regular. 

Affected Public: Businesses or other 

for-profit. 

Estimated Number of Respondents: 

50. 

Estimated annual burden: 13,000 

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 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: April 9, 2015. 

Mary H. Gottlieb, 

Regulatory Specialist, Legislative and 

Regulatory Activities Division. 

[FR Doc. 2015–08611 Filed 4–14–15; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Proposed Agency Information 

Collection Activities; Submission for 

OMB Review; Interest-Rate-Risk 

Vendor Questionnaire 

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 and to fulfill the 

requirements of the Paperwork 

Reduction Act of 1995 (PRA), invites the 

general public and other Federal 

agencies to take this opportunity to 

comment on a new information 

collection. 

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. 

Currently, the OCC is soliciting 

comment concerning its proposed 

information collection entitled, ‘‘Interest 

Rate Risk Vendor Questionnaire.’’ It also 

is giving notice that it has sent the 

collection to OMB for review. 

DATES: Comments must be submitted on 

or before May 15, 2015. 

ADDRESSES: Because paper mail in the 

Washington, DC area and at the OCC is 

subject to delay, commenters are 

encouraged to submit comments by 

email, if possible. Comments may be 

sent to: Legislative and Regulatory 

Activities Division, Office of the 

Comptroller of the Currency, Attention: 


tkelley on DSK3SPTVN1PROD with NOTICES
20292 Federal Register / Vol. 80, No. 72 / Wednesday, April 15, 2015 / Notices 

1The FFIEC is a formal interagency body that 

prescribes uniform principles, standards, and report 

forms for the examination of financial institutions 

by the Board of Governors of the Federal Reserve 

System, the Federal Deposit Insurance Corporation, 

the National Credit Union Administration, the OCC, 

the Consumer Financial Protection Bureau, and 

makes recommendations to promote uniformity in 

the supervision of financial institutions. In 2006, 

the State Liaison Committee (SLC) was added to the 

Council as a voting member. The SLC includes 

representatives from the Conference of State Bank 

Supervisors, the American Council of State Savings 

Supervisors, and the National Association of State 

Credit Union Supervisors. 

1557–NEW, 400 7th Street SW., Suite 

3E–218, Mail Stop 9W–11, Washington, 

DC 20219. In addition, comments may 

be sent by fax to (571) 465–4326 or by 

email to regs.comments@occ.treas.gov. 

You may personally inspect and 

photocopy comments at the OCC, 400 

7th Street SW., Washington, DC 20219. 

For security reasons, the OCC requires 

that visitors make an appointment to 

inspect comments. You may do so by 

calling (202) 649–6700. Upon arrival, 

visitors will be required to present valid 

government-issued photo identification 

and submit to security screening in 

order to inspect and photocopy 

comments. 

All 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–NEW, U.S. Office of 

Management and Budget, 725 17th 

Street NW., #10235, Washington, DC 

20503, or by email to: oira submission@

omb.eop.gov. 

FOR FURTHER INFORMATION CONTACT: 

Mary Gottlieb, (202) 649–5490, for 

persons who are deaf or hard of hearing, 

TTY, (202) 649–5597, Legislative and 

Regulatory Activities Division, Office of 

the Comptroller of the Currency, 400 7th 

Street SW., Washington, DC 20219. 

SUPPLEMENTARY INFORMATION: The OCC 

is proposing to adopt the following new 

information collection: 

Title: Interest Rate Risk Vendor 

Questionnaire. 

Frequency of Response: Annually. 

Affected Public: Business or other forprofit. 

Respondents: Asset-Liability 

Management Software Vendors (model 

developers and consultants). 

Total Estimated Number of 

Respondents: 73 (33 model developers; 

40 consultants). 

Estimated Time per Response: 8 hours 

for model developers; 4 hours for 

consultants. 

Total Estimated Total Annual Burden: 

424 hours. 

Type of Review: Regular. 

Abstract 

In June 2014, the Federal Financial 

Institutions Examination Council 

(FFIEC) 1 Task Force on Supervision 

(TFOS) established a working group to 

discuss supervisory processes and 

strategies for monitoring and addressing 

interest rate risk at insured depository 

institutions. One of the group’s key 

priorities is to complete a questionnaire 

of asset-liability management software 

vendor model developers and 

consultants. The questionnaire is 

designed to inform examiners of the 

mechanics and underlying assumptions 

of specific interest rate risk models with 

the goal of helping examiners gain a 

better understanding of financial 

institutions’ rate sensitivity modeling. 

The questionnaire captures information 

ranging from basic aspects of each 

vendor or consultant’s interest rate risk 

model, for instance, its client base to 

more complex components, including 

modeling capability. The complex 

modeling components will provide a 

baseline level of regulatory knowledge 

about each vendor or consultant’s 

ability to measure interest rate risk 

under a variety of approaches, capture 

data, and measure the risk, including 

optionality. The questionnaire would 

cover approximately 73 vendors 

comprised of 33 model developers and 

40 consultants. The questionnaire 

should take approximately 8 hours for 

each model developer to complete and 

4 hours for each consultant to complete 

less detailed responses to model-related 

questions. 

The OCC will serve as the sponsoring 

or central collection agency for this 

information collection. The information 

will be collected by the OCC and made 

available to the FFIEC’s TFOS in order 

to support its discussions concerning 

supervisory processes and strategies for 

monitoring and addressing interest rate 

risk at insured depository institutions. 

Request for Comment 

The OCC published a notice for 60 

days of comment on February 3, 2015 

(80 FR 5884). One comment was 

received from a model vendor. The 

comment was generally favorable but 

raised an issue about awareness of 

vendor software upgrades; model 

vendors update software periodically. 

Vendors may have clients using 

different versions of a model as clients 

are not typically required to move to the 

most recent version. The questionnaire 

addresses this concern by 

accommodating several versions of each 

vendor’s software. 

Comments continue to be invited on: 

(a) Whether the proposed revisions to 

the collections of information that are 

the subject of this notice are necessary 

for the proper performance of the 

agencies’ functions, including whether 

the information has practical utility; 

(b) The accuracy of the agencies’ 

estimates of the burden of the 

information collections as they are 

proposed to be revised, 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. 

Comments submitted in response to 

this joint notice will be shared among 

the agencies. All comments will become 

a matter of public record. 

Dated: April 9, 2015. 

Mary H. Gottlieb, 

Regulatory Specialist, Legislative and 

Regulatory Activities Division. 

[FR Doc. 2015–08612 Filed 4–14–15; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Bureau of the Fiscal Service 

Proposed Collection of Information: 

Request for Payment of Federal 

Benefit by Check, EFT Waiver Form 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, 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 proposed 

and/or continuing information 

collection, as required by the Paperwork 

Reduction Act of 1995, Public Law 104– 

13 (44 U.S.C. 3506(c)(2)(A). Currently 

the Bureau of the Fiscal Service within 

the Department of the Treasury is 

soliciting comments concerning the 

‘‘Request for Payment of Federal Benefit 

by Check, EFT Waiver Form’’. 

DATES: Written comments should be 

received on or before June 15, 2015 to 

be assured of consideration. 


tkelley on DSK3SPTVN1PROD with NOTICES