[Federal Register Volume 79, Number 184 (Tuesday, September 23, 2014)]
[Notices]
[Pages 56854-56855]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-22587]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities; Information Collection 
Renewal; Submission for OMB Review; Basel II Interagency Supervisory 
Guidance for the Supervisory Review Process (1557-0242; 3064-0165)

AGENCY: Office of the Comptroller of the Currency, Treasury (OCC) and 
Federal Deposit Insurance Corporation (FDIC) (collectively, the 
agencies).

ACTION: Notice.

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SUMMARY: The agencies, as part of their continuing effort to reduce 
paperwork and respondent burden, invite the general public and other 
Federal agencies to comment on a continuing 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 agencies are 
soliciting comment concerning the renewal of their information 
collection titled ``Basel II Interagency Supervisory

[[Page 56855]]

Guidance for the Supervisory Review Process (Pillar 2),'' and giving 
notice that they are sending the collection to OMB for review.

DATES: Comments must be received by October 23, 2014.

ADDRESSES: Comments should be addressed to:
    OCC: 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: 1557-0242, 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 electronic mail to [email protected]. 
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 to 
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 enclose any information in your comment or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.
    FDIC: You may submit comments by any of the following methods:
     Agency Web site: http://www.fdic.gov/regulations/laws/federal/ federal/. Follow instructions for submitting comments on the Agency Web 
site.
     Email: [email protected]. Include ``Basel II Supervisory 
Guidance, 3064-0165'' in the subject line of the message.
     Mail: Robert E. Feldman, Executive Secretary, Attention: 
Comments, Federal Deposit Insurance Corporation, 550 17th Street NW., 
Washington, DC 20429.
     Hand Delivery/Courier: Guard station at the rear of the 
550 17th Street Building (located on F Street) on business days between 
7 a.m. and 5 p.m. (EST).
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Public Inspection: All comments received will be posted 
without change to http://www.fdic.gov/regulations/laws/federal 
including any personal information provided.
    Additionally, please send a copy of your comments by mail to: OCC/
FDIC Desk Officer, 1557-0242 and 3064-0165, U.S. Office of Management 
and Budget, 725 17th Street NW., #10235, Washington, DC 20503, 
or by email to: oira [email protected].

FOR FURTHER INFORMATION CONTACT:
    OCC: Johnny Vilela or Mary H. Gottlieb, OCC Clearance Officers, 
(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.
    FDIC: Gary A. Kuiper, Counsel, (202) 898-3719, Legal Division, 
Federal Deposit Insurance Corporation, NYA-5046, 550 17th Street NW., 
Washington, DC 20429.

SUPPLEMENTARY INFORMATION: In accordance with the requirements of the 
PRA, the Agencies may not conduct or sponsor, and the respondent is not 
required to respond to, an information collection unless it displays a 
currently valid OMB control number. The Agencies are requesting comment 
on a continuing information collection.
    The agencies published a notice for 60 days of comment on June 9, 
2014 (79 FR 33039). No comments were received. Comments continue to be 
invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the Agencies' functions, including whether the 
information has practical utility;
    (b) The accuracy of the estimates of the burden of the information 
collection, 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 the information 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.
    Title of Information Collection: Basel II Interagency Supervisory 
Guidance for the Supervisory Review Process (Pillar 2).
    OMB Control Numbers:
    OCC: 1557-0242.
    FDIC: 3064-0165.
    Frequency of Response: Event-generated.
    Affected Public:
    OCC: National banks and Federal savings associations.
    FDIC: Insured state nonmember banks and certain subsidiaries of 
these entities.
    Abstract: The agencies issued a supervisory guidance document for 
implementing the supervisory review process (Pillar 2) on July 31, 2008 
(73 FR 44620). Sections 37, 41, 43, and 46 of the guidance impose 
information collection requirements on financial institutions, 
including national banks and Federal savings associations, which are 
collectively defined in the guidance as banks. Section 37 states that 
banks should state clearly the definition of capital used in any aspect 
of its internal capital adequacy assessment process (ICAAP) and 
document any changes in the internal definition of capital. Section 41 
requires banks to maintain thorough documentation of ICAAP. Section 43 
specifies that boards of directors must approve the bank's ICAAP, 
review it on a regular basis, and approve any changes. Boards of 
directors also are required under section 46 to periodically review the 
assessment of overall capital adequacy and to analyze how measures of 
internal capital adequacy compare with other capital measures (such as 
regulatory or accounting).
    Estimated Burden:
    OCC:
    Number of Respondents: 26.
    Estimated Burden per Respondent: 140 hours.
    Total Estimated Annual Burden: 3,640 hours.
    FDIC:
    Number of Respondents: 8.
    Estimated Burden per Respondent: 420 hours.
    Total Estimated Annual Burden: 3,360 hours.

    Dated: September 18, 2014.
Stuart E. Feldstein,
Director, Legislative & Regulatory Activities Division, Office of the 
Comptroller of the Currency.
    Dated at Washington, DC, the 12th day of September 2014.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2014-22587 Filed 9-22-14; 8:45 am]
BILLING CODE 4810-33-P; 6714-01-P