Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Supervisory Guidance on Stress Testing for Banking Organizations With Total Consolidated Assets of More Than $10 Billion, 79364-79365 [2024-22234]

Download as PDF lotter on DSK11XQN23PROD with NOTICES1 79364 Federal Register / Vol. 89, No. 188 / Friday, September 27, 2024 / Notices the period of performance and closeout of PHMSA financial assistance for the project, estimated to be February 21, 2028. If the sources of Federal financial assistance applied to the project are changed, PHMSA will consider whether the waiver continues to be warranted, taking into account the project’s development status at that time and any changes in market conditions for the products subject to the waiver. Although City Utilities was awarded $10 million in NGDISM grant funding in FY2022, the majority of funding in NGDISM projects typically goes towards labor costs rather than materials costs. City Utilities estimates that for its FY2022 project the total cost of the products proposed to be waived equals approximately $72,000, divided across five types of products. NIST MEP identified several companies who have the capability to manufacture 1A meter swivels, nuts, and washers, yet declined to do so after engagement with City Utilities on the grounds that it would be cost prohibitive to manufacture these products at the relatively small scale needed by City Utilities. By contrast, the proposed waiver would have a large impact on City Utilities’ ability to successfully complete its NGDISM project and deliver meaningful safety benefits to disadvantaged areas of Springfield, MO. All of the products listed herein are essential to the proper construction of a natural gas distribution pipeline. If this waiver is not approved, City Utilities’ project will not be completed successfully. Additionally, City Utilities estimates that its total materials costs for the project will equal approximately $800,000. The cost of the products proposed to be waived therefore equates to 9 percent of City Utilities’ total materials costs, which is above the five percent threshold applicable to DOT’s Waiver of Buy America Requirements for De Minimis Costs and Small Grants (88 FR 55817). Under OMB Memorandum M–24–02, agencies are expected to assess ‘‘whether a significant portion of any cost advantage of a foreign-sourced product is the result of the use of dumped steel, iron, or manufactured products or the use of injuriously subsidized steel, iron, or manufactured products’’ as appropriate before granting a public interest waiver. PHMSA’s analysis has concluded that this assessment is not applicable to this waiver, as it is being proposed on the basis of nonavailability, rather than public interest or unreasonable cost. PHMSA will consider all comments received in the initial 15-day comment period during our consideration of the VerDate Sep<11>2014 17:09 Sep 26, 2024 Jkt 262001 proposed waiver, as required by Section 70914(c)(2) of the IIJA. Comments received after this period, but before notice of our finding is published in the Federal Register, will be considered to the extent practicable. Issued in Washington, DC, on September 23, 2024, under authority delegated in 49 CFR 1.97. Tristan H. Brown, Deputy Administrator. [FR Doc. 2024–22118 Filed 9–26–24; 8:45 am] BILLING CODE 4910–60–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Supervisory Guidance on Stress Testing for Banking Organizations With Total Consolidated Assets of More Than $10 Billion 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, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, ‘‘Supervisory Guidance on Stress Testing for Banking Organizations with Total Consolidated Assets of More Than $10 Billion.’’ The OCC also is giving notice that it has sent the collection to OMB for review. DATES: Comments must be submitted on or before October 28, 2024. 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. SUMMARY: PO 00000 Frm 00139 Fmt 4703 Sfmt 4703 • Fax: (571) 293–4835. 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. Written comments and recommendations for the proposed information collection should also be sent within 30 days of publication of this notice to www.reginfo.gov/public/ do/PRAMain. You can find this information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. You may review comments and other related materials that pertain to this information collection following the close of the 30-day comment period for this notice by the method set forth in the next bullet. • Viewing Comments Electronically: Go to www.reginfo.gov. Hover over the ‘‘Information Collection Review’’ tab and click on ‘‘Information Collection Review’’ from the drop-down menu. From the ‘‘Currently under Review’’ drop-down menu, select ‘‘Department of Treasury’’ and then click ‘‘submit.’’ This information collection can be located by searching 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, Clearance Officer, (202) 649–5490, Chief Counsel’s Office, Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219. If you are deaf, hard of hearing, or have a speech disability, please dial 7–1–1 to access telecommunications relay services. E:\FR\FM\27SEN1.SGM 27SEN1 Federal Register / Vol. 89, No. 188 / Friday, September 27, 2024 / Notices Under the PRA (44 U.S.C. 3501 et seq.), Federal agencies must obtain approval from the OMB for each collection of information that they conduct or sponsor. ‘‘Collection of information’’ is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency requests or requirements that members of the public submit reports, keep records, or provide information to a third party. The OCC asks the OMB to extend its approval of the collection in this notice. Title: Supervisory Guidance on Stress Testing for Banking Organizations with Total Consolidated Assets of More Than $10 Billion. OMB Control No.: 1557–0312. Type of Review: Regular. Affected Public: Businesses or other for-profit. 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. In addition, the guidance sets forth high-level recommendations for the development of a stress testing framework with clearly defined objectives; welldesigned scenarios tailored to the organization’s business and risks; welldocumented assumptions; conceptually sound methodologies to assess potential impact to the organization’s financial condition; informative management reports; recommended actions based on stress test results; and policies and procedures for the framework. The information collected informs how banking organizations use stress testing as a component of risk management and lotter on DSK11XQN23PROD with NOTICES1 SUPPLEMENTARY INFORMATION: 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). VerDate Sep<11>2014 17:09 Sep 26, 2024 Jkt 262001 as a tool for capital and liquidity planning. The OCC reviews such materials as part of its supervisory process, which includes review of the risk-management capabilities of OCCsupervised banking organizations. 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 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 Estimated Frequency of Response: On occasion. Estimated Number of Respondents: 62. Estimated Annual Burden: 16,120 hours. Comments: On July 23, 2024, the OCC published a 60-day notice for this information collection, 89 FR 59803. No comments were received. Comments continue to be invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; (b) The accuracy of the OCC’s estimate of the burden of the collection of information; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of the collection on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Patrick T. Tierney, Assistant Director, Office of the Comptroller of the Currency. [FR Doc. 2024–22234 Filed 9–26–24; 8:45 am] BILLING CODE 4810–33–P 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). PO 00000 Frm 00140 Fmt 4703 Sfmt 4703 79365 DEPARTMENT OF VETERANS AFFAIRS Enhanced-Use Lease of Department of Veterans Affairs Real Property for the Development of Permanent Supportive Housing at the Veterans Affairs Palo Alto Health Care System—Menlo Park Division, Menlo Park, California Campus Department of Veterans Affairs. Notice of intent to enter into an enhanced-use lease. AGENCY: ACTION: The purpose of this Federal Register notice is to provide the public with notice that the Secretary of the Department of Veterans Affairs (VA) intends to enter into an enhanced-use lease (EUL) of approximately 2.1 acres of underutilized land on the campus of the VA Palo Alto Health Care System— Menlo Park Division. FOR FURTHER INFORMATION CONTACT: C. Brett Simms, Executive Director, Office of Asset Enterprise Management, Office of Management, 810 Vermont Avenue NW, Washington, DC 20420, 202–632– 7092. This is not a toll-free number. SUPPLEMENTARY INFORMATION: Pursuant to 38 U.S.C. 8161, et seq. as amended by Public Law 117–168, the Secretary of VA is authorized to enter into an EUL for a term of up to 99 years, that (a) provides supportive housing for Veterans and their families, or (b) enhances the use of the leased property by directly or indirectly benefitting Veterans. Additionally, the EUL must not be inconsistent with and not adversely affect the mission of VA or the operation of VA’s facilities, programs, and services in the area of the leased property. Consistent with this authority, the Secretary of VA intends to enter into an EUL for the purpose of outleasing approximately 2.1 acres of underutilized land on the campus of the VA Palo Alto Health Care System—Menlo Park Division, to develop approximately 60 units of permanent supportive housing for Veterans and their families and 2 manager units. The competitively selected EUL lessee/developer, MP Oak Gardens Associates, L.P., will finance, design, develop, construct, manage, maintain, and operate housing for eligible homeless Veterans or Veterans at risk of homelessness on a priority placement basis. In addition, the lessee/ developer will be required to provide supportive services that guide Veteran residents towards long-term independence and self-sufficiency. SUMMARY: Signing Authority Denis McDonough, Secretary of Veterans Affairs, approved and signed E:\FR\FM\27SEN1.SGM 27SEN1

Agencies

[Federal Register Volume 89, Number 188 (Friday, September 27, 2024)]
[Notices]
[Pages 79364-79365]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-22234]


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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 on Stress 
Testing for Banking Organizations With Total Consolidated Assets of 
More Than $10 Billion

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, invites comment on a continuing information 
collection, as required by the Paperwork Reduction Act of 1995 (PRA). 
In accordance with the requirements of the PRA, the OCC may not conduct 
or sponsor, and the respondent is not required to respond to, an 
information collection unless it displays a currently valid Office of 
Management and Budget (OMB) control number. The OCC is soliciting 
comment concerning the renewal of its information collection titled, 
``Supervisory Guidance on Stress Testing for Banking Organizations with 
Total Consolidated Assets of More Than $10 Billion.'' The OCC also is 
giving notice that it has sent the collection to OMB for review.

DATES: Comments must be submitted on or before October 28, 2024.

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) 293-4835.
    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.
    Written comments and recommendations for the proposed information 
collection should also be sent within 30 days of publication of this 
notice to www.reginfo.gov/public/do/PRAMain. You can find this 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
    You may review comments and other related materials that pertain to 
this information collection following the close of the 30-day comment 
period for this notice by the method set forth in the next bullet.
     Viewing Comments Electronically: Go to www.reginfo.gov. 
Hover over the ``Information Collection Review'' tab and click on 
``Information Collection Review'' from the drop-down menu. From the 
``Currently under Review'' drop-down menu, select ``Department of 
Treasury'' and then click ``submit.'' This information collection can 
be located by searching 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, Clearance Officer, 
(202) 649-5490, Chief Counsel's Office, Office of the Comptroller of 
the Currency, 400 7th Street SW, Washington, DC 20219. If you are deaf, 
hard of hearing, or have a speech disability, please dial 7-1-1 to 
access telecommunications relay services.

[[Page 79365]]


SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501 et seq.), 
Federal agencies must obtain approval from the OMB for each collection 
of information that they conduct or sponsor. ``Collection of 
information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to 
include agency requests or requirements that members of the public 
submit reports, keep records, or provide information to a third party. 
The OCC asks the OMB to extend its approval of the collection in this 
notice.
    Title: Supervisory Guidance on Stress Testing for Banking 
Organizations with Total Consolidated Assets of More Than $10 Billion.
    OMB Control No.: 1557-0312.
    Type of Review: Regular.
    Affected Public: Businesses or other for-profit.
    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. In addition, the guidance sets forth high-level 
recommendations for the development of a stress testing framework with 
clearly defined objectives; well-designed scenarios tailored to the 
organization's business and risks; well-documented assumptions; 
conceptually sound methodologies to assess potential impact to the 
organization's financial condition; informative management reports; 
recommended actions based on stress test results; and policies and 
procedures for the framework. The information collected informs how 
banking organizations use stress testing as a component of risk 
management and as a tool for capital and liquidity planning. The OCC 
reviews such materials as part of its supervisory process, which 
includes review of the risk-management capabilities of OCC-supervised 
banking organizations. 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 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).
---------------------------------------------------------------------------

    Estimated Frequency of Response: On occasion.
    Estimated Number of Respondents: 62.
    Estimated Annual Burden: 16,120 hours.
    Comments: On July 23, 2024, the OCC published a 60-day notice for 
this information collection, 89 FR 59803. No comments were received.
    Comments continue to be invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimate of the burden of the 
collection of information;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection on respondents, 
including through the use of automated collection techniques or other 
forms of information technology; and
    (e) Estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

Patrick T. Tierney,
Assistant Director, Office of the Comptroller of the Currency.
[FR Doc. 2024-22234 Filed 9-26-24; 8:45 am]
BILLING CODE 4810-33-P
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