Agency Information Collection Activities: Information Collection Renewal; Comment Request; Supervisory Guidance on Stress Testing for Banking Organizations With Total Consolidated Assets of More Than $10 Billion, 36866-36867 [2021-14773]
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Federal Register / Vol. 86, No. 131 / Tuesday, July 13, 2021 / Notices
the calculation until its next
examination by the OCC.
maintenance, and purchase of services
to provide information.
12 CFR 28.18(c)(1) Recordkeeping and
Reporting—Maintenance of Accounts,
Books, and Records
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
Each Federal branch or agency shall
maintain a set of accounts and records
reflecting its transactions that are
separate from those of the foreign bank
and any other branch or agency. The
Federal branch or agency shall keep a
set of accounts and records in English
sufficient to permit the OCC to examine
the condition of the Federal branch or
agency and its compliance with
applicable laws and regulations.
12 CFR 28.20(a)(1) Maintenance of
Assets—General Rule
The OCC may require a foreign bank
to hold certain assets in the state in
which its Federal branch or agency is
located.
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12 CFR 28.22(e) Voluntary
Liquidation—Reports of Examination
The Federal branch or agency shall
send the OCC certification that all of its
Reports of Examination have been
destroyed or return its Reports of
Examination to the OCC.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit.
Estimated Number of Respondents:
52.
Estimated Total Annual Burden:
2,294.
Frequency of Response: On occasion.
On March 17, 2021, the OCC
published a 60-day notice for this
information collection, 86 FR 14679. 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,
VerDate Sep<11>2014
17:47 Jul 12, 2021
Jkt 253001
[FR Doc. 2021–14776 Filed 7–12–21; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request;
Supervisory Guidance on Stress
Testing for Banking Organizations
With Total Consolidated Assets of
More Than $10 Billion
Office of the Comptroller of the
Currency, Treasury (OCC).
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 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 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 renewal
of its information collection titled,
‘‘Supervisory Guidance on Stress
Testing for Banking Organizations with
Total Consolidated Assets of More Than
$10 Billion.’’
DATES: Comments must be submitted on
or before September 13, 2021.
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, Office
of the Comptroller of the Currency,
Attention: 1557–0312, 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–
0312’’ in your comment. In general, the
OCC will publish comments on
www.reginfo.gov without change,
SUMMARY:
PO 00000
Frm 00169
Fmt 4703
Sfmt 4703
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
(published following the close of this
notice’s comment period) for this
collection 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
‘‘1557–0312’’ or ‘‘Supervisory Guidance
on Stress Testing for Banking
Organizations with Total Consolidated
Assets of More Than $10 Billion.’’ 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, (202) 649–5490, Chief
Counsel’s Office, Office of the
Comptroller of the Currency, 400 7th
Street SW, Suite 3E–218, 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. 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
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Federal Register / Vol. 86, No. 131 / Tuesday, July 13, 2021 / Notices
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requirement, the OCC is publishing
notice of the proposed collection of
information set forth in this document.
Title: Supervisory Guidance on Stress
Testing for Banking Organizations with
Total Consolidated Assets of More Than
$10 Billion.
OMB Control No.: 1557–0312.
Description: On May 17, 2012, the
OCC, along with the Federal Deposit
Insurance Corporation (FDIC) and the
Board of Governors of the Federal
Reserve (FRB), published guidance in
the Federal Register on the use of stress
testing as a means to better understand
the range of a banking organization’s 1
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 that those activities 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 describe how stress
testing should be used. 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 banking organizations 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:
62.
Estimated annual burden: 16,120
hours.
Comments submitted in response to
this notice will be summarized and
included in the request for OMB
approval. All comments will become a
1 For purposes of this guidance, the term
‘‘banking organization’’ means national banks,
federal savings associations, and federal branches
and agencies supervised by the OCC; state member
banks, bank holding companies, savings and loan
holding companies, and all other institutions for
which the Federal Reserve is the primary federal
supervisor; and state nonmember banks, and all
other institutions for which the FDIC is the primary
federal supervisor.
2 77 FR 29458 (May 17, 2012).
3 Public Law 111–203, 124 Stat. 1376 (2010), as
revised by the Economic Growth, Regulatory Relief,
and Consumer Protection Act, Public Law 115–174,
132 Stat. 1296–1368 (2018), and codified at 12
U.S.C. 5365(i)(2).
VerDate Sep<11>2014
17:47 Jul 12, 2021
Jkt 253001
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
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.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2021–14773 Filed 7–12–21; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8864
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service,
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 information
collections, as required by the
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
Form 8864, Biodiesel and Renewable
Diesel Fuels Credit.
DATES: Written comments should be
received on or before September 13,
2021 to be assured of consideration.
ADDRESSES: Direct all written comments
to Kinna Brewington, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Sara Covington,
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW,
Washington, DC 20224, or at (737)800–
SUMMARY:
PO 00000
Frm 00170
Fmt 4703
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36867
6149 or through the internet at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Biodiesel and Renewable Diesel
Fuels Credit.
OMB Number: 1545–1924.
Form Number: 8864.
Abstract: Section 40A biodiesel and
renewable diesel fuels credit is
retroactively extended for fuel sold or
used in calendar years 2018 through
2022. The credit consists of the
Biodiesel credit, Renewable diesel
credit, Biodiesel mixture credit,
Renewable diesel mixture credit and
Small Agri-biodiesel producer credit.
Claim the credit for the tax year in
which the sale or use occurs.
Partnership, S Corporations,
Cooperatives, estates, and trusts must
file this form to claim the credit.
Current Actions: There are no changes
being made to form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit.
Estimated Number of Respondents:
934.
Estimated Time per Respondent: 4
hrs., 13 mins.
Estimated Total Annual Burden
Hours: 3,941.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record.
Comments are invited on: (a) Whether
the collection of information is
necessary for the proper performance of
the functions of the agency, including
whether the information shall have
practical utility; (b) the accuracy of the
agency’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 of information on
respondents, including through the use
of automated collection techniques or
E:\FR\FM\13JYN1.SGM
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]]>Agencies
[Federal Register Volume 86, Number 131 (Tuesday, July 13, 2021)]
[Notices]
[Pages 36866-36867]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-14773]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Supervisory Guidance on Stress Testing for
Banking Organizations With Total Consolidated Assets of More Than $10
Billion
AGENCY: Office of the Comptroller of the Currency, Treasury (OCC).
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 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 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 renewal of its information collection
titled, ``Supervisory Guidance on Stress Testing for Banking
Organizations with Total Consolidated Assets of More Than $10
Billion.''
DATES: Comments must be submitted on or before September 13, 2021.
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-
0312, 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
``1557-0312'' 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 (published following the close of this notice's comment
period) for this collection 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 drop-down menu
select ``Department of Treasury'' and then click ``submit.'' This
information collection can be located by searching by OMB control
number ``1557-0312'' or ``Supervisory Guidance on Stress Testing for
Banking Organizations with Total Consolidated Assets of More Than $10
Billion.'' 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, (202) 649-5490,
Chief Counsel's Office, Office of the Comptroller of the Currency, 400
7th Street SW, Suite 3E-218, 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. 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
[[Page 36867]]
requirement, the OCC is publishing notice of the proposed collection of
information set forth in this document.
Title: Supervisory Guidance on Stress Testing for Banking
Organizations with Total Consolidated Assets of More Than $10 Billion.
OMB Control No.: 1557-0312.
Description: On May 17, 2012, the OCC, along with the Federal
Deposit Insurance Corporation (FDIC) and the Board of Governors of the
Federal Reserve (FRB), published guidance in the Federal Register on
the use of stress testing as a means to better understand the range of
a banking organization's \1\ potential risk exposures.\2\ The OCC is
now seeking to renew the information collection associated with that
guidance.
---------------------------------------------------------------------------
\1\ For purposes of this guidance, the term ``banking
organization'' means national banks, federal savings associations,
and federal branches and agencies supervised by the OCC; state
member banks, bank holding companies, savings and loan holding
companies, and all other institutions for which the Federal Reserve
is the primary federal supervisor; and state nonmember banks, and
all other institutions for which the FDIC is the primary federal
supervisor.
\2\ 77 FR 29458 (May 17, 2012).
---------------------------------------------------------------------------
The guidance provides an overview of how a banking organization
should structure its stress testing activities to ensure that those
activities 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 describe how stress testing
should be used. 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 banking organizations by
section 165(i) of the Dodd-Frank Wall Street Reform and Consumer
Protection Act.\3\
---------------------------------------------------------------------------
\3\ Public Law 111-203, 124 Stat. 1376 (2010), as revised by the
Economic Growth, Regulatory Relief, and Consumer Protection Act,
Public Law 115-174, 132 Stat. 1296-1368 (2018), and codified at 12
U.S.C. 5365(i)(2).
---------------------------------------------------------------------------
Type of Review: Regular.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 62.
Estimated annual burden: 16,120 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
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.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2021-14773 Filed 7-12-21; 8:45 am]
BILLING CODE 4810-33-P
