5942 Federal Register / Vol. 87, No. 22 / Wednesday, February 2, 2022 / Notices 

1 72 FR 1372 (January 11, 2007). 

of information set forth in this 

document. 

Title: Interagency Statement on 

Complex Structured Finance 

Transactions. 

OMB Control No.: 1557–0229. 

Description: The Interagency 

Statement on Complex Structured 

Finance Transactions 1 describes the 

types of internal controls and risk 

management procedures that the 

agencies (OCC, Board of Governors of 

the Federal Reserve System, Federal 

Deposit Insurance Corporation, and the 

Securities and Exchange Commission) 

consider particularly effective in 

helping financial institutions identify 

and address the reputational, legal, and 

other risks associated with complex 

structured finance transactions. Those 

internal controls and risk management 

procedures form the basis of this 

information collection. 

Affected Public: Businesses or other 

for-profit. 

Type of Review: Regular. 

Estimated Number of Respondents: 9. 

Estimated Annual Burden: 225 hours. 

Frequency of Response: On occasion. 

Comments submitted in response to 

this notice will be summarized, 

included in the request for OMB 

approval, and 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 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. 

Theodore J. Dowd, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2022–02115 Filed 2–1–22; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Information Collection 

Renewal; Submission for OMB Review; 

Company-Run Annual Stress Test 

Reporting Template and 

Documentation for Covered 

Institutions With Total Consolidated 

Assets of $250 Billion or More Under 

the Dodd-Frank Wall Street Reform and 

Consumer Protection Act 

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 take this opportunity to 

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 

proposed revisions to a regulatory 

reporting requirement for national banks 

and Federal savings associations titled, 

‘‘Company-Run Annual Stress Test 

Reporting Template and Documentation 

for Covered Institutions with Total 

Consolidated Assets of $250 Billion or 

More under the Dodd-Frank Wall Street 

Reform and Consumer Protection Act,’’ 

and is now seeking comment on the 

final version of those revisions. 

DATES: Comments must be received by 

March 4, 2022. 

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, 1557– 

0319, Office of the Comptroller of the 

Currency, 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– 

0319’’ 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. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

On October 27, 2021, the OCC 

published a notice for 60 days of 

comment concerning this collection, 86 

FR 59447. 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’’ 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 

‘‘1557–0319’’ or ‘‘Company-Run Annual 

Stress Test Reporting Template and 

Documentation for Covered Institutions 

with Total Consolidated Assets of $250 

Billion or More under the Dodd-Frank 

Wall Street Reform and Consumer 

Protection Act.’’ 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, OCC Clearance 

Officer, (202) 649–5490, Chief Counsel’s 

Office, Office of the Comptroller of the 

Currency, 400 7th St. SW, Washington, 

DC 20219. In addition, copies of the 

templates referenced in this notice can 

be found on the OCC’s website under 

News and Issuances (https://

www.occ.treas.gov/tools-forms/forms/ 

bank-operations/stress-testreporting.html). 


jspears on DSK121TN23PROD with NOTICES1
Federal Register / Vol. 87, No. 22 / Wednesday, February 2, 2022 / Notices 5943 

1Public Law 111–203, 124 Stat. 1376, July 2010. 

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). 

5 12 U.S.C. 5365(i)(2)(B). 

6 77 FR 61238 (October 9, 2012) (codified at 12 

CFR part 46). 

7 86 FR 59447 (Oct. 27, 2021). 

8http://www.federalreserve.gov/reportforms. 

SUPPLEMENTARY INFORMATION: The OCC 

is requesting comment on the following 

revision to an approved information 

collection: 

Title: Company-Run Annual Stress 

Test Reporting Template and 

Documentation for Covered Institutions 

with Total Consolidated Assets of $250 

Billion or More under the Dodd-Frank 

Wall Street Reform and Consumer 

Protection Act. 

OMB Control No.: 1557–0319. 

Description: Section 165(i)(2) of the 

Dodd-Frank Wall Street Reform and 

Consumer Protection Act 1 (Dodd-Frank 

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 Under section 

165(i)(2), a covered institution is 

required to submit to the Board of 

Governors of the Federal Reserve 

System (Board) and to its primary 

financial regulatory agency a report at 

such time, in such form, and containing 

such information as the primary 

financial regulatory agency may 

require.5

On October 9, 2012, the OCC 

published in the Federal Register a final 

rule implementing the section 165(i)(2) 

annual stress test requirement.6 This 

rule describes the reports and 

information collections required to meet 

the reporting requirements under 

section 165(i)(2). These information 

collections will be given confidential 

treatment (5 U.S.C. 552(b)(4)) to the 

extent permitted by law. 

In 2012, the OCC first implemented 

the reporting templates referenced in 

the final rule. See 77 FR 49485 (August 

16, 2012) and 77 FR 66663 (November 

6, 2012). The OCC uses the data 

collected to assess the reasonableness of 

the stress test results of covered 

institutions and to provide forwardlooking information to the OCC 

regarding a covered institution’s capital 

adequacy. The OCC also may use the 

results of the stress tests to determine 

whether additional analytical 

techniques and exercises could be 

appropriate to identify, measure, and 

monitor risks at the covered institution. 

The stress test results are expected to 

support ongoing improvement in a 

covered institution’s stress testing 

practices with respect to its internal 

assessments of capital adequacy and 

overall capital planning. The OCC 

proposed new changes to these 

templates on October 27, 2021.7

The OCC recognizes that many 

covered institutions with total 

consolidated assets of $250 billion or 

more are required to submit reports 

using reporting form FR Y–14A.8 The 

OCC also recognizes the Board has made 

modifications to the FR Y–14A and, to 

the extent practical, the OCC is keeping 

its reporting requirements consistent 

with the Board’s FR Y–14A to minimize 

burden on covered institutions. 

Therefore, the OCC is revising its 

reporting requirements to mirror the 

Board’s FR Y–14A for covered 

institutions with total consolidated 

assets of $250 billion or more. 

The OCC’s changes include only 

limited updates to reflect the changes 

made by the Board, and the OCC 

reporting forms will substantially 

resemble the forms used by the OCC last 

year. Many of the changes made by the 

Board are inapplicable to OCC-regulated 

institutions and involve new items that 

would not be collected by the OCC 

under the proposed changes. For 

example, the OCC’s, Board’s, and 

Federal Deposit Insurance Corporation’s 

January 6, 2021 final rule revising riskbased capital requirements included 

new items on the FR Y–14A that are 

inapplicable at the depository 

institution level (for example, 

‘‘outstanding eligible long-term debt’’) 

and will therefore not be collected 

under the OCC’s revisions. Similarly, in 

2021 the OCC’s reporting forms did not 

collect certain items collected on the 

2021 FR Y–14A (for example, line items 

related to the stress capital buffer), and 

the OCC’s 2022 forms also do not 

include these items. The OCC’s 2022 

changes include the minimal 

adjustments necessary to align line 

items with placement on the 2022 FR 

Y–14A. 

The OCC did not receive any 

comments on the proposed revisions. 

Type of Review: Revision. 

Affected Public: Businesses or other 

for-profit. 

Estimated Number of Respondents: 8. 

Estimated Total Annual Burden: 

4,744 hours. 

The OCC believes that the systems 

that covered institutions use to prepare 

the FR Y–14 reporting templates and 

submit to the Board will also be used to 

prepare the reporting templates 

described in this notice. On October 27, 

2021, the OCC published a notice for 60 

days of comment concerning this 

collection, 86 FR 59447. 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. 

Theodore J. Dowd, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2022–02268 Filed 2–1–22; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Notice of Renewal of the Art Advisory 

Panel of the Commissioner of Internal 

Revenue 

AGENCY: Internal Revenue Service, 

Treasury. 

ACTION: Notice of Renewal of the Art 

Advisory Panel of the Commissioner of 

Internal Revenue. 

SUMMARY: The charter for the Art 

Advisory Panel has been renewed for a 

two-year period beginning January 26, 

2022. 

FOR FURTHER INFORMATION CONTACT: 

Robin B. Lawhorn, 400 West Bay Street, 

Suite 252, Jacksonville, FL 32202. 

Telephone (904) 661–3198 (not a tollfree number). 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given under section 10(a)(2) of 

the Federal Advisory Committee Act (5 

U.S.C. App. 2), that the Art Advisory 

Panel of the Commissioner of Internal 

Revenue, a necessary committee that is 

in the public interest, has been renewed 

for an additional two years beginning on 

1/26/2022. 

The Panel helps the Internal Revenue 

Service review and evaluate the 

acceptability of property appraisals 

submitted by taxpayers in support of the 


jspears on DSK121TN23PROD with NOTICES1