[Federal Register Volume 87, Number 99 (Monday, May 23, 2022)]
[Notices]
[Pages 31297-31298]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-10994]


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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; Funding and Liquidity Risk 
Management

AGENCY: Office of the Comptroller of the Currency (OCC), 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 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 respondents are 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, 
``Funding and Liquidity Risk Management.'' The OCC also is giving 
notice that it has sent the collection to OMB for review.

DATES: Comments must be received by June 22, 2022.

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, 1557-0244, 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 
``1557-0244'' 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 February 24, 2022, the OCC published a 60-day notice for this 
information collection, 87 FR 10429. 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'' from the 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 ``1557-0244'' or 
``Funding and Liquidity Risk Management.'' 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, 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. If 
you are deaf, hard of hearing, or have a speech disability, please dial 
7-1-1 to access telecommunications relay services.

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), Federal 
agencies must obtain approval from OMB for each collection of 
information 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 collection in this document.
    Title: Funding and Liquidity Risk Management.
    OMB Control No.: 1557-0244.
    Description: The Interagency Policy Statement on Funding and 
Liquidity Risk Management \1\ (Policy Statement) summarizes the 
principles of sound liquidity risk management that the Federal banking 
agencies have issued in the past \2\ and, where appropriate, harmonizes 
these principles with the international statement, issued by the Basel 
Committee on Banking Supervision, titled ``Principles for Sound 
Liquidity Risk Management and Supervision.'' \3\ The Policy Statement 
describes supervisory expectations for all depository institutions, 
including banks, savings associations, and credit unions.
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    \1\ 75 FR 13656 (Mar. 22, 2010).
    \2\ For national banks and Federal savings associations, see the 
Comptroller's Handbook on Liquidity. For state member banks and bank 
holding companies, see the Federal Reserve's Commercial Bank 
Examination Manual (section 4020), Bank Holding Company Supervision 
Manual (section 4010), and Trading and Capital Markets Activities 
Manual (section 2030). For state non-member banks, see the FDIC's 
Revised Examination Guidance for Liquidity and Funds Management 
(Trans. No. 2002-01) (Nov. 19, 2001), and Financial Institution 
Letter 84-2008, Liquidity Risk Management (August 2008). For 
federally insured credit unions, see Letter to Credit Unions No. 02-
CU-05, Examination Program Liquidity Questionnaire (March 2002).
    \3\ Basel Committee on Banking Supervision, ``Principles for 
Sound Liquidity Risk Management and Supervision,'' September 2008. 
See www.bis.org/publ/bcbs144.htm. Federally insured credit unions 
are not directly referenced in the principles issued by the Basel 
Committee.
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    Section 14 of the Policy Statement provides that financial 
institutions should consider liquidity costs, benefits, and risks in 
strategic planning and budgeting processes. Significant business 
activities should be evaluated for liquidity risk exposure as well as 
profitability. More complex and sophisticated financial institutions 
should incorporate liquidity costs, benefits, and risks in the internal 
product pricing, performance measurement, and new product approval 
process for all material business lines, products, and activities. 
Incorporating the cost of liquidity into these functions should align 
the risk-taking incentives of individual business lines with the 
liquidity risk exposure their activities create for the institution as 
a whole. The quantification and attribution of liquidity risks should 
be

[[Page 31298]]

explicit and transparent at the line management level, and should 
include consideration of how liquidity would be affected under stressed 
conditions.
    Section 20 of the Policy Statement states that liquidity risk 
reports should provide aggregate information with sufficient supporting 
detail to enable management to assess the sensitivity of the 
institution to changes in market conditions, its own financial 
performance, and other important risk factors. Institutions also should 
report on the use and availability of government support, such as 
lending and guarantee programs, and implications on liquidity 
positions, particularly because these programs are generally temporary 
or reserved as a source for contingent funding.
    Type of Review: Regular.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 1,069.
    Frequency of Response: On occasion.
    Estimated Total Burden Hours: 78,096 hours.
    Comments: On February 24, 2022, the OCC published a 60-day notice 
for this information collection, 87 FR 10429. No comments were 
received. Comments continue to be invited on:
    (a) Whether the information collections are 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 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 the services necessary to provide the 
required information.

Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2022-10994 Filed 5-20-22; 8:45 am]
BILLING CODE 4810-33-P