[Federal Register Volume 88, Number 100 (Wednesday, May 24, 2023)]
[Notices]
[Pages 33665-33666]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-10994]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Renewal of an Approved 
Information Collection; Comment Request; 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).

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 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 the renewal of its information collection

[[Page 33666]]

titled ``Supervisory Guidance: Supervisory Review Process of Capital 
Adequacy (Pillar 2) Related to the Implementation of the Basel II 
Advanced Capital Framework.''

DATES: Comments must be received by July 24, 2023.

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-
0242, 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.
    You may review comments and other related materials that pertain to 
this information collection beginning on the date of publication of the 
second notice for this collection by the method set forth in the next 
bullet. Following the close of this notice's 60-day comment period, the 
OCC will publish a second notice with a 30-day comment period.
     Viewing Comments Electronically: Go to www.reginfo.gov. 
Hover over the ``Information Collection Review'' tab and click on 
``Information Collection Review'' dropdown. 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, Chief Counsel's Office, Office of the 
Comptroller of the Currency, 400 7 St. SW, 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 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 requirement, the OCC is publishing notice 
of the renewal of this collection.
    Title: 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 and Federal savings associations 
subject to the advanced approaches capital rule.
    Abstract: In 2008, the OCC, Board of Governors of the Federal 
Reserve System, and Federal Deposit Insurance Corporation issued a 
supervisory guidance document to assist banking organizations in 
implementing the supervisory review process, or Pillar 2, of the 
advanced approaches risk-based capital rule.\1\ Therefore, this 
guidance is relevant for OCC-supervised national banks and Federal 
savings associations (collectively, banks) that are subject to the 
advanced approaches capital rule.\2\ It does not apply to small banks.
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    \1\ 73 FR 44620 (July 31, 2008)
    \2\ See 12 CFR 3.100(b).
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    Paragraphs 37, 41, 43, and 46 of the guidance contain information 
collections. Paragraph 37 provides that banks should clearly state 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).
    Estimated Burden:
    Number of Respondents: 20.
    Estimated Burden per Respondent: 140 hours.
    Total Estimated Annual Burden: 2,800 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:
     Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information has practical utility;
     The accuracy of the OCC's estimate of the burden of the 
collection of information;
     Ways to enhance the quality, utility, and clarity of the 
information to be collected;
     Ways to minimize the burden of the collection on 
respondents, including the use of automated collection techniques or 
other forms of information technology; and
     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. 2023-10994 Filed 5-23-23; 8:45 am]
BILLING CODE 4810-33-P