[Federal Register Volume 87, Number 11 (Tuesday, January 18, 2022)]
[Notices]
[Pages 2667-2669]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-00843]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Requirements; Information 
Collection Renewal; Comment Request; Climate Risk Range of Practice 
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, invites the general public and other Federal 
agencies to take this opportunity to comment on the renewal of an 
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

[[Page 2668]]

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, ``Climate Risk Range of 
Practice Questionnaire.''

DATES: You should submit written comments by March 21, 2022.

ADDRESSES: Commenters are encouraged to submit comments through the 
Federal eRulemaking Portal. Please use the title ``Climate Risk Range 
of Practice Questionnaire'' to facilitate the organization and 
distribution of the comments. You may submit comments by any of the 
following methods:
     Federal eRulemaking Portal--Regulations.gov:
    Go to https://regulations.gov/. Enter ``Docket ID OCC-2021-0024'' 
in the Search Box and click ``Search.'' Public comments can be 
submitted via the ``Comment'' box below the displayed document 
information or by clicking on the document title and then clicking the 
``Comment'' box on the top-left side of the screen. For help with 
submitting effective comments please click on ``Commenter's 
Checklist.'' For assistance with the Regulations.gov site, please call 
(877) 378-5457 (toll free) or (703) 454-9859 Monday-Friday, 9 a.m.-5 
p.m. ET or email [email protected].
     Mail: Chief Counsel's Office, Attention: Comment 
Processing, 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.
    Instructions: You must include ``OCC'' as the agency name and 
``Docket ID OCC-2021-0024'' in your comment. In general, the OCC will 
enter all comments received into the docket and publish the comments on 
the Regulations.gov website 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 action by the following method:
     Viewing Comments Electronically--Regulations.gov: Go to 
https://regulations.gov/. Enter ``Docket ID OCC-2021-0024'' in the 
Search Box and click ``Search.'' Click on the ``Documents'' tab and 
then the document's title. After clicking the document's title, click 
the ``Browse Comments'' tab. Comments can be viewed and filtered by 
clicking on the ``Sort By'' drop-down on the right side of the screen 
or the ``Refine Results'' options on the left side of the screen. 
Supporting materials can be viewed by clicking on the ``Documents'' tab 
and filtered by clicking on the ``Sort By'' drop-down on the right side 
of the screen or the ``Refine Documents Results'' options on the left 
side of the screen.'' For assistance with the Regulations.gov site, 
please call (877) 378-5457 (toll free) or (703) 454-9859 Monday-Friday, 
9 a.m.-5 p.m. ET or email [email protected].
    The docket may be viewed after the close of the comment period in 
the same manner as during the comment period.

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 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 Office of Management and Budget 
(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 requirement, 
the OCC is publishing notice of the renewal of the emergency approval 
granted to the information collection set forth in this document.
    Title: Climate Risk Range of Practice Questionnaire.
    OMB Control No.: 1557-0354.
    Abstract: The OCC is conducting a climate risk range of practice 
among large banks with the purpose of developing an understanding of 
climate risk management practices, specifically as they pertain to 
climate-related financial risk. Climate risks can have a material 
impact on the financial system by damaging property, impeding business 
activity, shifting the values of assets, and affecting incomes. Banks 
are exposed to both physical risks and transition risks presented by 
climate change, which may impact the safety and soundness of supervised 
institutions. The OCC is collecting the information through the range 
of practice to understand the financial risks and ensure the 
establishment of sound risk management frameworks to measure, monitor, 
and control risks presented by climate change. The agency understands 
that some banks are working to incorporate climate-related financial 
risks into their existing risk management frameworks and business 
strategies. The OCC recognizes that banks' exposure to climate-related 
financial risks and their climate risk management practices may vary 
substantially based on institutions' size, complexity of operations, 
geographic footprint, business model, and risk profile. The range of 
practice will not result in an adequacy assessment as to the banks' 
current climate risk management program. The range of practice will:
     Inform the need for clarification or development of 
necessary supervisory expectations;
     Start to establish baseline supervisory knowledge;
     Help identify challenges and gaps in risk management 
frameworks; and
     Inform the agency on plans to evolve current practices.
    Type of Review: Extension, without change, of a currently approved 
collection.
    Affected Public: Businesses or other for-profit; individuals.
    Estimated Number of Respondents: 20.
    Estimated Burden per Respondent: 170 hours.
    Total Burden: 3,400 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 collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information has practical utility;
    (b) The accuracy of the OCC's estimates 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

[[Page 2669]]

    (e) Estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

Patrick T. Tierney,
Assistant Director, Bank Advisory, Office of the Comptroller of the 
Currency.
[FR Doc. 2022-00843 Filed 1-14-22; 8:45 am]
BILLING CODE 4810-33-P