[Federal Register Volume 88, Number 168 (Thursday, August 31, 2023)]
[Notices]
[Pages 60266-60267]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-18813]


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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 (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 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 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 October 2, 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) 293-4835.
    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 also be sent within 30 days of publication of this 
notice to www.reginfo.gov/public/do/PRAMain. You can find this 
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 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 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, Clearance Officer, 
(202) 649-5490, Chief Counsel's Office, Office of the Comptroller of 
the Currency, 400 7th Street 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 et seq.), 
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 the OMB to extend its approval of the collection in this 
notice.
    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

[[Page 60267]]

supervisory review process, or Pillar 2, of the advanced approaches 
risk-based capital rule.\1\ 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, as detailed in the paragraph. 
Paragraph 43 specifies that the board of directors should approve the 
bank's ICAAP, review it on a regular basis, and approve any changes. 
Paragraph 46 provides that the board of directors and appropriate 
senior management should periodically, but 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, accounting-based, or market-determined).
    Estimated Burden:
    Number of Respondents: 20.
    Estimated Burden per Respondent: 140 hours.
    Total Estimated Annual Burden: 2,800.
    Comments: On May 24, 2023, the OCC published a notice for 60 days 
of comment concerning this information collection, 88 FR 33665. No 
comments were received. Comments continue to be invited on:
    (a) Whether the collection of information is 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 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
    (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. 2023-18813 Filed 8-30-23; 8:45 am]
BILLING CODE 4810-33-P