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, 62805-62806 [2020-21889]
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Federal Register / Vol. 85, No. 193 / Monday, October 5, 2020 / Notices
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
Office of the Comptroller of the
Currency, Treasury (OCC), Department
of the Treasury.
ACTION: Notice and request for comment.
AGENCY:
The OCC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to comment on a continuing
information collection as required by
the Paperwork Reduction Act of 1995
(PRA). The OCC may not conduct or
sponsor, and a 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
November 4, 2020.
ADDRESSES: Commenters are encouraged
to submit comments by email, if
possible. You may submit comments by
any of the following methods:
• Email: prainfo@occ.treas.gov.
• Mail: Chief Counsel’s Office,
Attention: Comment Processing, 1557–
0242, 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–
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
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SUMMARY:
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23:42 Oct 02, 2020
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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 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.
You may review comments and other
related materials that pertain to this
information collection 1 following the
close of the 30-day comment period for
this notice by the following method:
• Viewing Comments Electronically:
Go to www.reginfo.gov. Click on the
‘‘Information Collection Review’’ tab.
Underneath the ‘‘Currently under
Review’’ section heading, from the dropdown 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 or, for persons
who are deaf or hearing impaired, TTY,
(202) 649–5597, Chief Counsel’s Office,
Office of the Comptroller of the
Currency, 400 7th Street SW,
Washington, DC 20219.
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. The OCC
asks that OMB extend its approval of the
following collection.
1 On May 14, 2020, the OCC published a 60-day
notice for this information collection, 85 FR 29019.
PO 00000
Frm 00116
Fmt 4703
Sfmt 4703
62805
Title of Information Collection:
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: Eventgenerated.
Affected Public: National banks.
Abstract: In 2008, the agencies 2
issued a supervisory guidance
document for implementing the
supervisory process for review of capital
adequacy (Pillar 2).3 Paragraphs 37, 41,
43, and 46 of the guidance contain
information collections. Paragraph 37
provides that banks should state clearly
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: 19.
Estimated Burden per Respondent:
140 hours.
Total Estimated Annual Burden:
2,660 hours.
Comments: On May 14, 2020, the OCC
issued a notice for 60 days of comment
concerning this collection, 85 FR 29019.
No comments were received. Comments
continue to be invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the OCC’s functions,
including whether the information has
practical utility;
(b) The accuracy of the OCC’s burden
estimates, 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
the information collection on
respondents, including through the use
of automated collection techniques or
other forms of information technology;
and
2 The OCC, Board of Governors of the Federal
Reserve System, and Federal Deposit Insurance
Corporation.
3 73 FR 44620 (July 31, 2008).
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62806
Federal Register / Vol. 85, No. 193 / Monday, October 5, 2020 / Notices
(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. 2020–21889 Filed 10–2–20; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Notice of OFAC Sanctions Actions
Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
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AGENCY:
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23:42 Oct 02, 2020
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The U.S. Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing the names
of one or more persons that have been
placed on OFAC’s Specially Designated
Nationals and Blocked Persons List
based on OFAC’s determination that one
or more applicable legal criteria were
satisfied. All property and interests in
property subject to U.S. jurisdiction of
these persons are blocked, and U.S.
persons are generally prohibited from
engaging in transactions with them.
DATES: See SUPPLEMENTARY INFORMATION
section for applicable date(s).
FOR FURTHER INFORMATION CONTACT:
OFAC: Associate Director for Global
Targeting, tel.: 202–622–2420; Assistant
Director for Sanctions Compliance &
Evaluation, tel.: 202–622–2490;
SUMMARY:
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Assistant Director for Licensing, tel.:
202–622–2480.
SUPPLEMENTARY INFORMATION:
Electronic Availability
The Specially Designated Nationals
and Blocked Persons List and additional
information concerning OFAC sanctions
programs are available on OFAC’s
website (www.treas.gov/ofac).
Notice of OFAC Actions
On September 30, 2020, OFAC
determined that the property and
interests in property subject to U.S.
jurisdiction of the following persons are
blocked under the relevant sanctions
authorities listed below.
BILLING CODE 4810–01–P
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]]>Agencies
[Federal Register Volume 85, Number 193 (Monday, October 5, 2020)]
[Notices]
[Pages 62805-62806]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-21889]
[[Page 62805]]
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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, Treasury (OCC),
Department of the 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 comment on a continuing information collection as required
by the Paperwork Reduction Act of 1995 (PRA). The OCC may not conduct
or sponsor, and a 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 November 4, 2020.
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, 1557-0242, 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
``1557-0242'' 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 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.
You may review comments and other related materials that pertain to
this information collection \1\ following the close of the 30-day
comment period for this notice by the following method:
---------------------------------------------------------------------------
\1\ On May 14, 2020, the OCC published a 60-day notice for this
information collection, 85 FR 29019.
---------------------------------------------------------------------------
Viewing Comments Electronically: Go to www.reginfo.gov.
Click on the ``Information Collection Review'' tab. 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 or, for persons who are deaf or hearing
impaired, TTY, (202) 649-5597, Chief Counsel's Office, Office of the
Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219.
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. The OCC asks
that OMB extend its approval of the following collection.
Title of Information Collection: 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.
Abstract: In 2008, the agencies \2\ issued a supervisory guidance
document for implementing the supervisory process for review of capital
adequacy (Pillar 2).\3\ Paragraphs 37, 41, 43, and 46 of the guidance
contain information collections. Paragraph 37 provides that banks
should state clearly 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).
---------------------------------------------------------------------------
\2\ The OCC, Board of Governors of the Federal Reserve System,
and Federal Deposit Insurance Corporation.
\3\ 73 FR 44620 (July 31, 2008).
---------------------------------------------------------------------------
Estimated Burden:
Number of Respondents: 19.
Estimated Burden per Respondent: 140 hours.
Total Estimated Annual Burden: 2,660 hours.
Comments: On May 14, 2020, the OCC issued a notice for 60 days of
comment concerning this collection, 85 FR 29019. No comments were
received. Comments continue to be invited on:
(a) Whether the collection of information is necessary for the
proper performance of the OCC's functions, including whether the
information has practical utility;
(b) The accuracy of the OCC's burden estimates, 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 the information collection on
respondents, including through the use of automated collection
techniques or other forms of information technology; and
[[Page 62806]]
(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. 2020-21889 Filed 10-2-20; 8:45 am]
BILLING CODE 4810-33-P
