Agency Information Collection Activities: Revision of an Approved Information Collection; Comment Request; Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions With Total Consolidated Assets of $250 Billion or More Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, 74470-74472 [2022-26402]
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ddrumheller on DSK30NT082PROD with NOTICES
74470
Federal Register / Vol. 87, No. 232 / Monday, December 5, 2022 / Notices
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.
On September 8, 2022, the OCC
published a 60-day notice for this
information collection, (87 FR 55082).
No comments were received. You may
review any comments and other related
materials that pertain to this
information collection at the beginning
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 by OMB control number
‘‘1557–0334’’ or ‘‘Joint Standards for
Assessing the Diversity Policies and
Practices of Entities Regulated by the
Agencies and Diversity Self-Assessment
Template for OCC-Regulated Entities.’’
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, Suite 3E–
218, 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
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
VerDate Sep<11>2014
19:34 Dec 02, 2022
Jkt 259001
asks that OMB renew its approval of the
collection in this notice.
Title: Joint Standards for Assessing
the Diversity Policies and Practices of
Entities Regulated by the Agencies and
Diversity Self-Assessment Template for
OCC-Regulated Entities.
OMB Control No.: 1557–0334.
Abstract: This information collection
sets forth standards for OCC-regulated
entities to voluntarily self-assess their
diversity and inclusion policies and
practices and includes a template to
assist with the self-assessment. The
template is now a PDF fillable form,
which replaces the current Excel
spreadsheet template. No other
substantive changes were made to the
template. The template (1) asks for
general information about a respondent;
(2) includes questions and solicits
comments for certain standards about
program successes and challenges; (3)
asks for a description of current
practices for the self-assessment
standards; (4) seeks additional diversity
and inclusion data; and (5) provides an
opportunity for a respondent to provide
other information regarding or comment
on the self-assessment of its diversity
and inclusion policies and practices.
The OCC may use the information
submitted to monitor progress and
trends in the financial services industry
regarding diversity and inclusion in
employment and contracting activities
and to identify and highlight diversity
and inclusion policies and practices that
have been successful. The OCC will
continue to reach out to the entities it
regulates and other interested parties to
discuss diversity and inclusion in the
financial services industry and share
leading practices. Finally, if an OCCregulated entity submits confidential
commercial information that is both
customarily and actually treated as
private by the entity, the entity can
designate the information as private,
and the OCC will treat the selfassessment information as private to the
extent permitted by law, including the
Freedom of Information Act, 5 U.S.C.
552, et seq.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit.
Burden Estimates:
Estimated Number of Respondents: 82
(24 new respondents; 58 repeat
respondents) of 327 institutions with
greater than 100 employees that are
requested to submit.
Frequency of Collection: Annual.
Average Annual Response Time per
Respondent: 8 hours for new
respondents and 4 hours for repeat
respondents.
PO 00000
Frm 00080
Fmt 4703
Sfmt 4703
Estimated Total Annual Burden
Hours: 424 hours.
Comments: On September 8, 2022, the
OCC published a 60-day notice for this
information collection, (87 FR 55082),
in response to which the OCC received
no comments. Comments continue to be
solicited 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) Whether the OCC has accurately
estimated the information collection
burden;
(c) How the OCC can enhance the
quality, utility, and clarity of the
information to be collected;
(d) How the OCC can minimize the
burden of the collection on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and
(e) The respondents’ estimated capital
or start-up costs, as well as the costs of
operating, maintaining, and purchasing
services necessary to provide the
information being collected.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2022–26345 Filed 12–2–22; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Revision of an Approved
Information Collection; Comment
Request; Company-Run Annual Stress
Test Reporting Template and
Documentation for Covered
Institutions With Total Consolidated
Assets of $250 Billion or More Under
the Dodd-Frank Wall Street Reform and
Consumer Protection Act
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
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
SUMMARY:
E:\FR\FM\05DEN1.SGM
05DEN1
ddrumheller on DSK30NT082PROD with NOTICES
Federal Register / Vol. 87, No. 232 / Monday, December 5, 2022 / Notices
soliciting comment concerning a
revision to a regulatory reporting
requirement for national banks and
federal savings associations titled,
‘‘Company-Run Annual Stress Test
Reporting Template and Documentation
for Covered Institutions with Total
Consolidated Assets of $250 Billion or
More under the Dodd-Frank Wall Street
Reform and Consumer Protection Act.’’
DATES: Comments must be received by
February 3, 2023.
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: 1557–0319, 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–
0319’’ 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 ‘‘1557–0319’’
or ‘‘Company-Run Annual Stress Test
Reporting Template and Documentation
for Covered Institutions with Total
Consolidated Assets of $250 Billion or
VerDate Sep<11>2014
19:34 Dec 02, 2022
Jkt 259001
More under the Dodd-Frank Wall Street
Reform and Consumer Protection Act.’’
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. In addition, copies of the
templates referenced in this notice can
be found on the OCC’s website under
News and Issuances (https://
www.occ.treas.gov/tools-forms/forms/
bank-operations/stress-testreporting.html).
SUPPLEMENTARY INFORMATION: The OCC
is requesting comment on the following
revision to an approved information
collection:
Title: Company-Run Annual Stress
Test Reporting Template and
Documentation for Covered Institutions
with Total Consolidated Assets of $250
Billion or More under the Dodd-Frank
Wall Street Reform and Consumer
Protection Act.
OMB Control No.: 1557–0319.
Abstract: Section 165(i)(2) of the
Dodd-Frank Wall Street Reform and
Consumer Protection Act 1 (Dodd-Frank
Act) requires certain financial
companies, including national banks
and federal savings associations, to
conduct annual stress tests 2 and
requires the primary financial regulatory
agency 3 of those financial companies to
issue regulations implementing the
stress test requirements.4 Under section
165(i)(2), a covered institution is
required to submit to the Board of
Governors of the Federal Reserve
System (Board) and to its primary
financial regulatory agency a report at
such time, in such form, and containing
such information as the primary
financial regulatory agency may
require.5
On October 9, 2012, the OCC
published in the Federal Register a final
rule implementing the section 165(i)(2)
1 Public
Law 111–203, 124 Stat. 1376, July 2010.
U.S.C. 5365(i)(2)(A).
3 12 U.S.C. 5301(12).
4 12 U.S.C. 5365(i)(2)(C).
5 12 U.S.C. 5365(i)(2)(B).
2 12
PO 00000
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Fmt 4703
Sfmt 4703
74471
annual stress test requirement.6 This
rule describes the reports and
information collections required to meet
the reporting requirements under
section 165(i)(2). These information
collections will be treated as
confidential (to the extent permitted by
law.7
In 2012, the OCC first implemented
the reporting templates referenced in
the final rule.8 The OCC uses the data
collected to assess the reasonableness of
the stress test results of covered
institutions and to provide forwardlooking information to the OCC
regarding a covered institution’s capital
adequacy. The OCC also may use the
results of the stress tests to determine
whether additional analytical
techniques and exercises could be
appropriate to identify, measure, and
monitor risks at the covered institution.
The stress test results are expected to
support ongoing improvement in a
covered institution’s stress testing
practices with respect to its internal
assessments of capital adequacy and
overall capital planning.
The OCC recognizes that many
covered institutions with total
consolidated assets of $250 billion or
more are required to submit reports
using Comprehensive Capital Analysis
and Review (CCAR) reporting form FR
Y–14A.9 The OCC also recognizes the
Board has made modifications to the FR
Y–14A and, to the extent practical, the
OCC will keep its reporting
requirements consistent with the
Board’s FR Y–14A in order to minimize
burden on covered institutions.10
The OCC’s proposed changes include
only limited updates to reflect the
changes made by the Board, and the
proposed OCC reporting forms will
substantially resemble the forms used
by the OCC last year. Some of the
changes made by the Board are
inapplicable to OCC-regulated
institutions, such as certain changes to
the Board’s capital action assumptions.
The OCC’s proposed changes include
the minimal adjustments necessary to
align line items with placement on the
2022 FR Y–14A. The OCC is also
proposing changes to the description of
covered institutions required to
complete the trading and counterparty
credit risk (CCR) sub-schedules under
the Global Market Shock (GMS) scenario
to more closely align with the Board’s
description. If the Board proposes
6 77 FR 61238 (October 9, 2012) (codified at 12
CFR part 46).
7 5 U.S.C. 552(b)(4).
8 See, 77 FR 49485 (August 16, 2012) and 77 FR
66663 (November 6, 2012).
9 https://www.federalreserve.gov/reportforms.
10 87 FR 52560 (August 26, 2022).
E:\FR\FM\05DEN1.SGM
05DEN1
74472
Federal Register / Vol. 87, No. 232 / Monday, December 5, 2022 / Notices
additional changes to the FR Y–14A
reporting forms after the publication of
this notice, the OCC expects to make
corresponding changes to the OCC
reporting forms to minimize
inconsistencies and reduce burden. The
OCC’s proposed new reporting forms
and instructions are available on the
OCC’s website at https://
www.occ.treas.gov/publications-andresources/forms/dodd-frank-act-stresstest/index-dodd-frank-act-stresstest.html.
Type of Review: Revision. Affected
Public: Businesses or other for-profit.
Estimated Number of Respondents: 4
annually and 4 biennially.
Estimated Total Annual Burden:
3,558 hours.
The OCC believes that the systems
covered institutions use to prepare the
FR Y–14 reporting templates to submit
to the Board will also be used to prepare
the reporting templates described in this
notice. 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 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
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. 2022–26402 Filed 12–2–22; 8:45 am]
BILLING CODE P
DEPARTMENT OF THE TREASURY
ddrumheller on DSK30NT082PROD with NOTICES
Internal Revenue Service
Proposed Collection; Comment
Request for Governing Practice Before
the Internal Revenue Service
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
VerDate Sep<11>2014
19:34 Dec 02, 2022
Jkt 259001
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 continuing
information collections, as required by
the Paperwork Reduction Act of 1995.
The IRS is soliciting comments
concerning governing practice before
the Internal Revenue Service.
DATES: Written comments should be
received on or before February 3, 2023
to be assured of consideration.
ADDRESSES: Direct all written comments
to Andres Garcia, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
by email to pra.comments@irs.gov.
Include OMB control number 1545–
1871 or Regulations Governing Practice
Before the Internal Revenue Service.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulation should be
directed to Kerry Dennis at (202) 317–
5751, or at Internal Revenue Service,
Room 6526, 1111 Constitution Avenue
NW, Washington, DC 20224, or through
the internet, at Kerry.L.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Regulations Governing Practice
Before the Internal Revenue Service.
OMB Number: 1545–1871.
Regulation Number: T.D. 9165.
Abstract: These regulations will
ensure that taxpayers are provided
adequate information regarding the
limits of tax shelter advice that they
receive and ensure, that practitioners
properly advise taxpayers of relevant
information with respect to tax shelter
options.
Current Actions: There is no change to
the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, and individuals or
households.
Estimated Number of Respondents:
100,000.
Estimated Time per Respondent: 8
hours.
Estimated Total Annual Burden
Hours: 13,333 hours.
The following paragraph applies to all
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 if their
contents may become material in the
SUMMARY:
PO 00000
Frm 00082
Fmt 4703
Sfmt 4703
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
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.
Approved: November 29, 2022.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2022–26332 Filed 12–2–22; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Internal
Revenue Service (IRS) Information
Collection Request
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
The Department of the
Treasury will submit the following
information collection requests to the
Office of Management and Budget
(OMB) for review and clearance in
accordance with the Paperwork
Reduction Act of 1995, on or after the
date of publication of this notice. The
public is invited to submit comments on
these requests.
DATES: Comments should be received on
or before January 4, 2023 to be assured
of consideration.
ADDRESSES: 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
SUMMARY:
E:\FR\FM\05DEN1.SGM
05DEN1
]]>Agencies
[Federal Register Volume 87, Number 232 (Monday, December 5, 2022)]
[Notices]
[Pages 74470-74472]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-26402]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Revision of an Approved
Information Collection; Comment Request; Company-Run Annual Stress Test
Reporting Template and Documentation for Covered Institutions With
Total Consolidated Assets of $250 Billion or More Under the Dodd-Frank
Wall Street Reform and Consumer Protection Act
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 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
[[Page 74471]]
soliciting comment concerning a revision to a regulatory reporting
requirement for national banks and federal savings associations titled,
``Company-Run Annual Stress Test Reporting Template and Documentation
for Covered Institutions with Total Consolidated Assets of $250 Billion
or More under the Dodd-Frank Wall Street Reform and Consumer Protection
Act.''
DATES: Comments must be received by February 3, 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-
0319, 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
``1557-0319'' 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-
0319'' or ``Company-Run Annual Stress Test Reporting Template and
Documentation for Covered Institutions with Total Consolidated Assets
of $250 Billion or More under the Dodd-Frank Wall Street Reform and
Consumer Protection Act.'' 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. In addition, copies of
the templates referenced in this notice can be found on the OCC's
website under News and Issuances (https://www.occ.treas.gov/tools-forms/forms/bank-operations/stress-test-reporting.html).
SUPPLEMENTARY INFORMATION: The OCC is requesting comment on the
following revision to an approved information collection:
Title: Company-Run Annual Stress Test Reporting Template and
Documentation for Covered Institutions with Total Consolidated Assets
of $250 Billion or More under the Dodd-Frank Wall Street Reform and
Consumer Protection Act.
OMB Control No.: 1557-0319.
Abstract: Section 165(i)(2) of the Dodd-Frank Wall Street Reform
and Consumer Protection Act \1\ (Dodd-Frank Act) requires certain
financial companies, including national banks and federal savings
associations, to conduct annual stress tests \2\ and requires the
primary financial regulatory agency \3\ of those financial companies to
issue regulations implementing the stress test requirements.\4\ Under
section 165(i)(2), a covered institution is required to submit to the
Board of Governors of the Federal Reserve System (Board) and to its
primary financial regulatory agency a report at such time, in such
form, and containing such information as the primary financial
regulatory agency may require.\5\
---------------------------------------------------------------------------
\1\ Public Law 111-203, 124 Stat. 1376, July 2010.
\2\ 12 U.S.C. 5365(i)(2)(A).
\3\ 12 U.S.C. 5301(12).
\4\ 12 U.S.C. 5365(i)(2)(C).
\5\ 12 U.S.C. 5365(i)(2)(B).
---------------------------------------------------------------------------
On October 9, 2012, the OCC published in the Federal Register a
final rule implementing the section 165(i)(2) annual stress test
requirement.\6\ This rule describes the reports and information
collections required to meet the reporting requirements under section
165(i)(2). These information collections will be treated as
confidential (to the extent permitted by law.\7\
---------------------------------------------------------------------------
\6\ 77 FR 61238 (October 9, 2012) (codified at 12 CFR part 46).
\7\ 5 U.S.C. 552(b)(4).
---------------------------------------------------------------------------
In 2012, the OCC first implemented the reporting templates
referenced in the final rule.\8\ The OCC uses the data collected to
assess the reasonableness of the stress test results of covered
institutions and to provide forward-looking information to the OCC
regarding a covered institution's capital adequacy. The OCC also may
use the results of the stress tests to determine whether additional
analytical techniques and exercises could be appropriate to identify,
measure, and monitor risks at the covered institution. The stress test
results are expected to support ongoing improvement in a covered
institution's stress testing practices with respect to its internal
assessments of capital adequacy and overall capital planning.
---------------------------------------------------------------------------
\8\ See, 77 FR 49485 (August 16, 2012) and 77 FR 66663 (November
6, 2012).
---------------------------------------------------------------------------
The OCC recognizes that many covered institutions with total
consolidated assets of $250 billion or more are required to submit
reports using Comprehensive Capital Analysis and Review (CCAR)
reporting form FR Y-14A.\9\ The OCC also recognizes the Board has made
modifications to the FR Y-14A and, to the extent practical, the OCC
will keep its reporting requirements consistent with the Board's FR Y-
14A in order to minimize burden on covered institutions.\10\
---------------------------------------------------------------------------
\9\ https://www.federalreserve.gov/reportforms.
\10\ 87 FR 52560 (August 26, 2022).
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The OCC's proposed changes include only limited updates to reflect
the changes made by the Board, and the proposed OCC reporting forms
will substantially resemble the forms used by the OCC last year. Some
of the changes made by the Board are inapplicable to OCC-regulated
institutions, such as certain changes to the Board's capital action
assumptions. The OCC's proposed changes include the minimal adjustments
necessary to align line items with placement on the 2022 FR Y-14A. The
OCC is also proposing changes to the description of covered
institutions required to complete the trading and counterparty credit
risk (CCR) sub-schedules under the Global Market Shock (GMS) scenario
to more closely align with the Board's description. If the Board
proposes
[[Page 74472]]
additional changes to the FR Y-14A reporting forms after the
publication of this notice, the OCC expects to make corresponding
changes to the OCC reporting forms to minimize inconsistencies and
reduce burden. The OCC's proposed new reporting forms and instructions
are available on the OCC's website at https://www.occ.treas.gov/publications-and-resources/forms/dodd-frank-act-stress-test/index-dodd-frank-act-stress-test.html.
Type of Review: Revision. Affected Public: Businesses or other for-
profit.
Estimated Number of Respondents: 4 annually and 4 biennially.
Estimated Total Annual Burden: 3,558 hours.
The OCC believes that the systems covered institutions use to
prepare the FR Y-14 reporting templates to submit to the Board will
also be used to prepare the reporting templates described in this
notice. 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 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 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. 2022-26402 Filed 12-2-22; 8:45 am]
BILLING CODE P
