[Federal Register Volume 85, Number 193 (Monday, October 5, 2020)]
[Notices]
[Pages 62805-62806]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-21889]



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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: Supervisory 
Review Process of Capital Adequacy (Pillar 2) Related to the 
Implementation of the Basel II Advanced Capital Framework

AGENCY: Office of the Comptroller of the Currency, Treasury (OCC), 
Department of the 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 the general public and other Federal 
agencies to comment on a continuing information collection as required 
by the Paperwork Reduction Act of 1995 (PRA). The OCC 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 OCC is soliciting 
comment concerning the renewal of its information collection titled 
``Supervisory Guidance: Supervisory Review Process of Capital Adequacy 
(Pillar 2) Related to the Implementation of the Basel II Advanced 
Capital Framework.'' The OCC also is giving notice that it has sent the 
collection to OMB for review.

DATES: Comments must be received by November 4, 2020.

ADDRESSES: Commenters are encouraged to submit comments by email, if 
possible. You may submit comments by any of the following methods:
     Email: [email protected].
     Mail: Chief Counsel's Office, Attention: Comment 
Processing, 1557-0242, 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 
``1557-0242'' 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 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.
    You may review comments and other related materials that pertain to 
this information collection \1\ following the close of the 30-day 
comment period for this notice by the following method:
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    \1\ On May 14, 2020, the OCC published a 60-day notice for this 
information collection, 85 FR 29019.
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     Viewing Comments Electronically: Go to www.reginfo.gov. 
Click on the ``Information Collection Review'' tab. Underneath the 
``Currently under Review'' section heading, from the drop-down menu 
select ``Department of Treasury'' and then click ``submit.'' This 
information collection can be located by searching by OMB control 
number ``1557-0242'' or ``Supervisory Guidance: Supervisory Review 
Process of Capital Adequacy (Pillar 2) Related to the Implementation of 
the Basel II Advanced Capital Framework.'' 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 or, for persons who are deaf or hearing 
impaired, TTY, (202) 649-5597, Chief Counsel's Office, Office of the 
Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219.

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), 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 
that OMB extend its approval of the following collection.
    Title of Information Collection: Supervisory Guidance: Supervisory 
Review Process of Capital Adequacy (Pillar 2) Related to the 
Implementation of the Basel II Advanced Capital Framework.
    OMB Control No.: 1557-0242.
    Frequency of Response: Event-generated.
    Affected Public: National banks.
    Abstract: In 2008, the agencies \2\ issued a supervisory guidance 
document for implementing the supervisory process for review of capital 
adequacy (Pillar 2).\3\ Paragraphs 37, 41, 43, and 46 of the guidance 
contain information collections. Paragraph 37 provides 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. Paragraph 41 
provides that banks should maintain thorough documentation of ICAAP. 
Paragraph 43 specifies that the board of director should approve the 
bank's ICAAP, review it on a regular basis, and approve any changes. 
Boards of directors, under Paragraph 46, should periodically, and at 
least annually, review the assessment of overall capital adequacy and 
analyze how measures of internal capital adequacy compare with other 
capital measures (such as regulatory or accounting).
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    \2\ The OCC, Board of Governors of the Federal Reserve System, 
and Federal Deposit Insurance Corporation.
    \3\ 73 FR 44620 (July 31, 2008).
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    Estimated Burden:
    Number of Respondents: 19.
    Estimated Burden per Respondent: 140 hours.
    Total Estimated Annual Burden: 2,660 hours.
    Comments: On May 14, 2020, the OCC issued a notice for 60 days of 
comment concerning this collection, 85 FR 29019. No comments were 
received. Comments continue to be invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the OCC's functions, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's burden estimates, 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

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    (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. 2020-21889 Filed 10-2-20; 8:45 am]
BILLING CODE 4810-33-P