[Federal Register Volume 82, Number 108 (Wednesday, June 7, 2017)]
[Notices]
[Pages 26569-26570]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-11740]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities; Information Collection
Renewal; Comment Request; Basel II Interagency Supervisory Guidance for
the Supervisory Review Process (Pillar 2)
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: Notice and request for comments.
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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 ``Basel II Interagency Supervisory
Guidance for the Supervisory Review Process (Pillar 2).''
DATES: Comments must be received by August 7, 2017.
ADDRESSES: Because paper mail in the Washington, DC area and at the OCC
is subject to delay, commenters are encouraged to submit comments by
email, if possible. Comments may be sent to: Legislative and Regulatory
Activities Division, Office of the Comptroller of the Currency,
Attention: 1557-0242, 400 7th Street SW., Suite 3E-218, Washington, DC
20219. In addition, comments may be sent by fax to (571) 465-4326 or by
electronic mail to [email protected]. You may personally inspect
and photocopy comments at the OCC, 400 7th Street SW., Washington, DC
20219. For security reasons, the OCC requires that visitors make an
appointment to inspect comments. You may do so by calling (202) 649-
6700 or, for persons who are deaf or hard of hearing, TTY, (202) 649-
5597. Upon arrival, visitors will be required to present valid
government-issued photo identification and submit to security screening
in order to inspect and photocopy comments.
All comments received, including attachments and other supporting
materials, are part of the public record and subject to public
disclosure. Do not include any information in your comment or
supporting materials that you consider confidential or inappropriate
for public disclosure.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance
Officer, (202) 649-5490 or, for persons who are deaf or hard of
hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities
Division, Office of the Comptroller of the Currency, 400 7th Street
SW., Washington, DC 20219.
SUPPLEMENTARY INFORMATION: 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 requirement, the OCC is publishing notice
of the renewal of this collection.
Title of Information Collection: Basel II Interagency Supervisory
Guidance for the Supervisory Review Process (Pillar 2).
OMB Control No.: 1557-0242.
Frequency of Response: Event-generated.
Affected Public: National banks.
Abstract: In 2008, the agencies \1\ issued a supervisory guidance
document for implementing the supervisory review process (Pillar 2).\2\
Sections 37, 41, 43, and 46 of the guidance contain information
collections. Section 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. Section 41 provides that banks should
maintain thorough documentation of ICAAP. Section 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
section 46, should periodically review the assessment of overall
capital adequacy and to analyze how measures of internal capital
adequacy compare with other capital measures (such as regulatory or
accounting).
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\1\ OCC, Board of Governors of the Federal Reserve System,
Federal Deposit Insurance Corporation.
\2\ 73 FR 44620 (July 31, 2008).
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Estimated Burden:
Number of Respondents: 23.
Estimated Burden per Respondent: 140 hours.
Total Estimated Annual Burden: 3,220 hours.
Comments: 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 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 26570]]
(e) Estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Dated: June 1, 2017.
Karen O. Solomon,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2017-11740 Filed 6-6-17; 8:45 am]
BILLING CODE 4810-33-P