[Federal Register Volume 86, Number 131 (Tuesday, July 13, 2021)]
[Notices]
[Pages 36866-36867]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-14773]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Comment Request; 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, Treasury (OCC).

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 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 is 
soliciting comment concerning renewal of its information collection 
titled, ``Supervisory Guidance on Stress Testing for Banking 
Organizations with Total Consolidated Assets of More Than $10 
Billion.''

DATES: Comments must be submitted on or before September 13, 2021.

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, Office of the Comptroller of the Currency, Attention: 1557-
0312, 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 
``1557-0312'' 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.
    You may review comments and other related materials that pertain to 
this information collection beginning on the date of publication of the 
second notice (published following the close of this notice's comment 
period) for this collection by the following method:
     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 ``1557-0312'' 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.
     For assistance in navigating www.reginfo.gov, please 
contact the Regulatory Information Service Center at (202) 482-7340.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, (202) 649-5490, 
Chief Counsel's Office, Office of the Comptroller of the Currency, 400 
7th Street SW, Suite 3E-218, 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. Section 
3506(c)(2)(A) of title 44 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

[[Page 36867]]

requirement, the OCC is publishing notice of the proposed collection of 
information set forth in this document.
    Title: Supervisory Guidance on Stress Testing for Banking 
Organizations with Total Consolidated Assets of More Than $10 Billion.
    OMB Control No.: 1557-0312.
    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. 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 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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    Type of Review: Regular.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 62.
    Estimated annual burden: 16,120 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.

Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2021-14773 Filed 7-12-21; 8:45 am]
BILLING CODE 4810-33-P