Proposed Agency Information Collection Activities; Submission for OMB Review; Interest-Rate-Risk Vendor Questionnaire, 20291-20292 [2015-08612]

Download as PDF tkelley on DSK3SPTVN1PROD with NOTICES Federal Register / Vol. 80, No. 72 / Wednesday, April 15, 2015 / Notices 3E–218, Mail Stop 9W–11, Washington, DC 20219. In addition, comments may be sent by fax to (571) 465–4326 or by electronic mail to regs.comments@ occ.treas.gov. You may personally inspect and photocopy comments at the OCC, 400 7th Street SW., Washington, DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 649–6700. Upon arrival, visitors will be required to present valid government-issued photo identification and submit to security screening in order to inspect and photocopy comments. All 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. FOR FURTHER INFORMATION CONTACT: Mary H. Gottlieb, (202) 649–5490, for persons who are deaf or hard of hearing, TTY, (202) 649–5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Suite 3E–218, Mail Stop 9W–11, 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 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 the PRA (44 U.S.C. 3506(c)(2)(A)) 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 proposed collection of information set forth in this document. The OCC is proposing to extend OMB approval of the following information collection: Title: Recordkeeping and Disclosure Provisions Associated with Stress Testing Guidance. OMB Control No.: 1557–0312. Description: Each banking organization should have the capacity to understand its risks and the potential impact of stressful events and circumstances on its financial VerDate Sep<11>2014 17:29 Apr 14, 2015 Jkt 235001 condition.1 On May 17, 2012, the OCC, along with the Federal Deposit Insurance Corporation (FDIC) and Board of Governors of the Federal Reserve (FRB), published guidance on the use of stress testing as a means to better understand the range of a banking organization’s potential risk exposures.2 The OCC is now seeking to renew the information collection associated with that guidance. The guidance provides an overview of how a banking organization should structure its stress testing activities to ensure they 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 to describe the manner in which stress testing should be used, that is as an integral component of risk management applicable at various levels of aggregation within a banking organization, as well as a tool for capital and liquidity planning. 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 companies by section 165(i) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.3 Type of Review: Regular. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 50. Estimated annual burden: 13,000 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 1 For purposes of this guidance, the term ‘‘banking organization’’ means national banks and Federal branches and agencies supervised by the OCC; state member banks, bank holding companies, and all other institutions for which the FRB is the primary Federal supervisor; and state nonmember insured banks and other institutions supervised by the FDIC. 2 77 FR 29458 (May 17, 2012). 3 Pub. L. 111–203, 124 Stat. 1376. Section 165(i) of the Dodd-Frank Act is codified at 12 U.S.C. 5365(i)(2). PO 00000 Frm 00095 Fmt 4703 Sfmt 4703 20291 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. Dated: April 9, 2015. Mary H. Gottlieb, Regulatory Specialist, Legislative and Regulatory Activities Division. [FR Doc. 2015–08611 Filed 4–14–15; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Proposed Agency Information Collection Activities; Submission for OMB Review; Interest-Rate-Risk Vendor Questionnaire Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. AGENCY: The OCC, as part of its continuing effort to reduce paperwork and respondent burden and to fulfill the requirements of the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on a new information collection. 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. Currently, the OCC is soliciting comment concerning its proposed information collection entitled, ‘‘Interest Rate Risk Vendor Questionnaire.’’ It also is giving notice that it has sent the collection to OMB for review. DATES: Comments must be submitted on or before May 15, 2015. ADDRESSES: Because paper mail in the Washington, DC area and at the OCC is subject to delay, commenters are encouraged to submit comments by email, if possible. Comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: SUMMARY: E:\FR\FM\15APN1.SGM 15APN1 20292 Federal Register / Vol. 80, No. 72 / Wednesday, April 15, 2015 / Notices (TFOS) established a working group to discuss supervisory processes and strategies for monitoring and addressing interest rate risk at insured depository institutions. One of the group’s key priorities is to complete a questionnaire of asset-liability management software vendor model developers and consultants. The questionnaire is designed to inform examiners of the mechanics and underlying assumptions of specific interest rate risk models with the goal of helping examiners gain a better understanding of financial institutions’ rate sensitivity modeling. The questionnaire captures information ranging from basic aspects of each vendor or consultant’s interest rate risk model, for instance, its client base to more complex components, including modeling capability. The complex modeling components will provide a baseline level of regulatory knowledge about each vendor or consultant’s ability to measure interest rate risk under a variety of approaches, capture data, and measure the risk, including optionality. The questionnaire would cover approximately 73 vendors comprised of 33 model developers and 40 consultants. The questionnaire should take approximately 8 hours for each model developer to complete and 4 hours for each consultant to complete less detailed responses to model-related questions. The OCC will serve as the sponsoring or central collection agency for this information collection. The information will be collected by the OCC and made available to the FFIEC’s TFOS in order to support its discussions concerning supervisory processes and strategies for monitoring and addressing interest rate risk at insured depository institutions. Abstract tkelley on DSK3SPTVN1PROD with NOTICES 1557–NEW, 400 7th Street SW., Suite 3E–218, Mail Stop 9W–11, Washington, DC 20219. In addition, comments may be sent by fax to (571) 465–4326 or by email to regs.comments@occ.treas.gov. You may personally inspect and photocopy comments at the OCC, 400 7th Street SW., Washington, DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 649–6700. Upon arrival, visitors will be required to present valid government-issued photo identification and submit to security screening in order to inspect and photocopy comments. All 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. Additionally, please send a copy of your comments by mail to: OCC Desk Officer, 1557–NEW, U.S. Office of Management and Budget, 725 17th Street NW., #10235, Washington, DC 20503, or by email to: oira submission@ omb.eop.gov. FOR FURTHER INFORMATION CONTACT: Mary Gottlieb, (202) 649–5490, for persons who are deaf or hard of hearing, TTY, (202) 649–5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219. SUPPLEMENTARY INFORMATION: The OCC is proposing to adopt the following new information collection: Title: Interest Rate Risk Vendor Questionnaire. Frequency of Response: Annually. Affected Public: Business or other forprofit. Respondents: Asset-Liability Management Software Vendors (model developers and consultants). Total Estimated Number of Respondents: 73 (33 model developers; 40 consultants). Estimated Time per Response: 8 hours for model developers; 4 hours for consultants. Total Estimated Total Annual Burden: 424 hours. Type of Review: Regular. System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the OCC, the Consumer Financial Protection Bureau, and makes recommendations to promote uniformity in the supervision of financial institutions. In 2006, the State Liaison Committee (SLC) was added to the Council as a voting member. The SLC includes representatives from the Conference of State Bank Supervisors, the American Council of State Savings Supervisors, and the National Association of State Credit Union Supervisors. In June 2014, the Federal Financial Institutions Examination Council (FFIEC) 1 Task Force on Supervision 1 The FFIEC is a formal interagency body that prescribes uniform principles, standards, and report forms for the examination of financial institutions by the Board of Governors of the Federal Reserve VerDate Sep<11>2014 17:29 Apr 14, 2015 Jkt 235001 Request for Comment The OCC published a notice for 60 days of comment on February 3, 2015 (80 FR 5884). One comment was received from a model vendor. The comment was generally favorable but raised an issue about awareness of vendor software upgrades; model vendors update software periodically. Vendors may have clients using different versions of a model as clients are not typically required to move to the most recent version. The questionnaire PO 00000 Frm 00096 Fmt 4703 Sfmt 4703 addresses this concern by accommodating several versions of each vendor’s software. Comments continue to be invited on: (a) Whether the proposed revisions to the collections of information that are the subject of this notice are necessary for the proper performance of the agencies’ functions, including whether the information has practical utility; (b) The accuracy of the agencies’ estimates of the burden of the information collections as they are proposed to be revised, 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. Comments submitted in response to this joint notice will be shared among the agencies. All comments will become a matter of public record. Dated: April 9, 2015. Mary H. Gottlieb, Regulatory Specialist, Legislative and Regulatory Activities Division. [FR Doc. 2015–08612 Filed 4–14–15; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Bureau of the Fiscal Service Proposed Collection of Information: Request for Payment of Federal Benefit by Check, EFT Waiver Form Notice and request for comments. ACTION: The Department of the Treasury, 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 proposed and/or continuing information collection, as required by the Paperwork Reduction Act of 1995, Public Law 104– 13 (44 U.S.C. 3506(c)(2)(A). Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning the ‘‘Request for Payment of Federal Benefit by Check, EFT Waiver Form’’. DATES: Written comments should be received on or before June 15, 2015 to be assured of consideration. SUMMARY: E:\FR\FM\15APN1.SGM 15APN1

Agencies

[Federal Register Volume 80, Number 72 (Wednesday, April 15, 2015)]
[Notices]
[Pages 20291-20292]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-08612]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Proposed Agency Information Collection Activities; Submission for 
OMB Review; Interest-Rate-Risk Vendor 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 and to fulfill the requirements of the Paperwork 
Reduction Act of 1995 (PRA), invites the general public and other 
Federal agencies to take this opportunity to comment on a new 
information collection.
    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.
    Currently, the OCC is soliciting comment concerning its proposed 
information collection entitled, ``Interest Rate Risk Vendor 
Questionnaire.'' It also is giving notice that it has sent the 
collection to OMB for review.

DATES: Comments must be submitted on or before May 15, 2015.

ADDRESSES: Because paper mail in the Washington, DC area and at the OCC 
is subject to delay, commenters are encouraged to submit comments by 
email, if possible. Comments may be sent to: Legislative and Regulatory 
Activities Division, Office of the Comptroller of the Currency, 
Attention:

[[Page 20292]]

1557-NEW, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-11, 
Washington, DC 20219. In addition, comments may be sent by fax to (571) 
465-4326 or by email to regs.comments@occ.treas.gov. You may personally 
inspect and photocopy comments at the OCC, 400 7th Street SW., 
Washington, DC 20219. For security reasons, the OCC requires that 
visitors make an appointment to inspect comments. You may do so by 
calling (202) 649-6700. Upon arrival, visitors will be required to 
present valid government-issued photo identification and submit to 
security screening in order to inspect and photocopy comments.
    All 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.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-NEW, U.S. Office of Management and Budget, 725 17th 
Street NW., #10235, Washington, DC 20503, or by email to: oira 
submission@omb.eop.gov.

FOR FURTHER INFORMATION CONTACT: Mary Gottlieb, (202) 649-5490, for 
persons who are deaf or hard of hearing, TTY, (202) 649-5597, 
Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is proposing to adopt the following 
new information collection:
    Title: Interest Rate Risk Vendor Questionnaire.
    Frequency of Response: Annually.
    Affected Public: Business or other for-profit.
    Respondents: Asset-Liability Management Software Vendors (model 
developers and consultants).
    Total Estimated Number of Respondents: 73 (33 model developers; 40 
consultants).
    Estimated Time per Response: 8 hours for model developers; 4 hours 
for consultants.
    Total Estimated Total Annual Burden: 424 hours.
    Type of Review: Regular.

Abstract

    In June 2014, the Federal Financial Institutions Examination 
Council (FFIEC) \1\ Task Force on Supervision (TFOS) established a 
working group to discuss supervisory processes and strategies for 
monitoring and addressing interest rate risk at insured depository 
institutions. One of the group's key priorities is to complete a 
questionnaire of asset-liability management software vendor model 
developers and consultants. The questionnaire is designed to inform 
examiners of the mechanics and underlying assumptions of specific 
interest rate risk models with the goal of helping examiners gain a 
better understanding of financial institutions' rate sensitivity 
modeling. The questionnaire captures information ranging from basic 
aspects of each vendor or consultant's interest rate risk model, for 
instance, its client base to more complex components, including 
modeling capability. The complex modeling components will provide a 
baseline level of regulatory knowledge about each vendor or 
consultant's ability to measure interest rate risk under a variety of 
approaches, capture data, and measure the risk, including optionality. 
The questionnaire would cover approximately 73 vendors comprised of 33 
model developers and 40 consultants. The questionnaire should take 
approximately 8 hours for each model developer to complete and 4 hours 
for each consultant to complete less detailed responses to model-
related questions.
---------------------------------------------------------------------------

    \1\ The FFIEC is a formal interagency body that prescribes 
uniform principles, standards, and report forms for the examination 
of financial institutions by the Board of Governors of the Federal 
Reserve System, the Federal Deposit Insurance Corporation, the 
National Credit Union Administration, the OCC, the Consumer 
Financial Protection Bureau, and makes recommendations to promote 
uniformity in the supervision of financial institutions. In 2006, 
the State Liaison Committee (SLC) was added to the Council as a 
voting member. The SLC includes representatives from the Conference 
of State Bank Supervisors, the American Council of State Savings 
Supervisors, and the National Association of State Credit Union 
Supervisors.
---------------------------------------------------------------------------

    The OCC will serve as the sponsoring or central collection agency 
for this information collection. The information will be collected by 
the OCC and made available to the FFIEC's TFOS in order to support its 
discussions concerning supervisory processes and strategies for 
monitoring and addressing interest rate risk at insured depository 
institutions.

Request for Comment

    The OCC published a notice for 60 days of comment on February 3, 
2015 (80 FR 5884). One comment was received from a model vendor. The 
comment was generally favorable but raised an issue about awareness of 
vendor software upgrades; model vendors update software periodically. 
Vendors may have clients using different versions of a model as clients 
are not typically required to move to the most recent version. The 
questionnaire addresses this concern by accommodating several versions 
of each vendor's software.
    Comments continue to be invited on:
    (a) Whether the proposed revisions to the collections of 
information that are the subject of this notice are necessary for the 
proper performance of the agencies' functions, including whether the 
information has practical utility;
    (b) The accuracy of the agencies' estimates of the burden of the 
information collections as they are proposed to be revised, 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.
    Comments submitted in response to this joint notice will be shared 
among the agencies. All comments will become a matter of public record.

    Dated: April 9, 2015.
Mary H. Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division.
[FR Doc. 2015-08612 Filed 4-14-15; 8:45 am]
 BILLING CODE 4810-33-P