Notice2022-00843
Agency Information Collection Requirements; Information Collection Renewal; Comment Request; Climate Risk Range of Practice Questionnaire
Primary source
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Published
January 18, 2022
Issuing agencies
Treasury DepartmentComptroller of the Currency
Abstract
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 the renewal of an 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, "Climate Risk Range of Practice Questionnaire."
Full Text
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<title>Federal Register, Volume 87 Issue 11 (Tuesday, January 18, 2022)</title>
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[Federal Register Volume 87, Number 11 (Tuesday, January 18, 2022)]
[Notices]
[Pages 2667-2669]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-00843]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Requirements; Information
Collection Renewal; Comment Request; Climate Risk Range of Practice
Questionnaire
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: Notice and request for comment.
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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 take this opportunity to comment on the renewal of an
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
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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, ``Climate Risk Range of
Practice Questionnaire.''
DATES: You should submit written comments by March 21, 2022.
ADDRESSES: Commenters are encouraged to submit comments through the
Federal eRulemaking Portal. Please use the title ``Climate Risk Range
of Practice Questionnaire'' to facilitate the organization and
distribution of the comments. You may submit comments by any of the
following methods:
<bullet> Federal eRulemaking Portal--<a href="http://Regulations.gov">Regulations.gov</a>:
Go to <a href="https://regulations.gov/">https://regulations.gov/</a>. Enter ``Docket ID OCC-2021-0024''
in the Search Box and click ``Search.'' Public comments can be
submitted via the ``Comment'' box below the displayed document
information or by clicking on the document title and then clicking the
``Comment'' box on the top-left side of the screen. For help with
submitting effective comments please click on ``Commenter's
Checklist.'' For assistance with the <a href="http://Regulations.gov">Regulations.gov</a> site, please call
(877) 378-5457 (toll free) or (703) 454-9859 Monday-Friday, 9 a.m.-5
p.m. ET or email <a href="/cdn-cgi/l/email-protection#41332426342d2035282e2f32012433342d242c202a282f2629242d312524322a6f222e2c"><span class="__cf_email__" data-cfemail="7a081f1d0f161b0e131514093a1f080f161f171b1113141d121f160a1e1f091154191517">[email protected]</span></a>.
<bullet> Mail: Chief Counsel's Office, Attention: Comment
Processing, Office of the Comptroller of the Currency, 400 7th Street
SW, Suite 3E-218, Washington, DC 20219.
<bullet> Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Instructions: You must include ``OCC'' as the agency name and
``Docket ID OCC-2021-0024'' in your comment. In general, the OCC will
enter all comments received into the docket and publish the comments on
the <a href="http://Regulations.gov">Regulations.gov</a> website 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 action by the following method:
<bullet> Viewing Comments Electronically--<a href="http://Regulations.gov">Regulations.gov</a>: Go to
<a href="https://regulations.gov/">https://regulations.gov/</a>. Enter ``Docket ID OCC-2021-0024'' in the
Search Box and click ``Search.'' Click on the ``Documents'' tab and
then the document's title. After clicking the document's title, click
the ``Browse Comments'' tab. Comments can be viewed and filtered by
clicking on the ``Sort By'' drop-down on the right side of the screen
or the ``Refine Results'' options on the left side of the screen.
Supporting materials can be viewed by clicking on the ``Documents'' tab
and filtered by clicking on the ``Sort By'' drop-down on the right side
of the screen or the ``Refine Documents Results'' options on the left
side of the screen.'' For assistance with the <a href="http://Regulations.gov">Regulations.gov</a> site,
please call (877) 378-5457 (toll free) or (703) 454-9859 Monday-Friday,
9 a.m.-5 p.m. ET or email <a href="/cdn-cgi/l/email-protection#4e3c2b293b222f3a2721203d0e2b3c3b222b232f25272029262b223e2a2b3d25602d2123"><span class="__cf_email__" data-cfemail="01736466746d6075686e6f72416473746d646c606a686f6669646d716564726a2f626e6c">[email protected]</span></a>.
The docket may be viewed after the close of the comment period in
the same manner as during the comment period.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC 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.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), Federal
agencies must obtain approval from the Office of Management and Budget
(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 the emergency approval
granted to the information collection set forth in this document.
Title: Climate Risk Range of Practice Questionnaire.
OMB Control No.: 1557-0354.
Abstract: The OCC is conducting a climate risk range of practice
among large banks with the purpose of developing an understanding of
climate risk management practices, specifically as they pertain to
climate-related financial risk. Climate risks can have a material
impact on the financial system by damaging property, impeding business
activity, shifting the values of assets, and affecting incomes. Banks
are exposed to both physical risks and transition risks presented by
climate change, which may impact the safety and soundness of supervised
institutions. The OCC is collecting the information through the range
of practice to understand the financial risks and ensure the
establishment of sound risk management frameworks to measure, monitor,
and control risks presented by climate change. The agency understands
that some banks are working to incorporate climate-related financial
risks into their existing risk management frameworks and business
strategies. The OCC recognizes that banks' exposure to climate-related
financial risks and their climate risk management practices may vary
substantially based on institutions' size, complexity of operations,
geographic footprint, business model, and risk profile. The range of
practice will not result in an adequacy assessment as to the banks'
current climate risk management program. The range of practice will:
<bullet> Inform the need for clarification or development of
necessary supervisory expectations;
<bullet> Start to establish baseline supervisory knowledge;
<bullet> Help identify challenges and gaps in risk management
frameworks; and
<bullet> Inform the agency on plans to evolve current practices.
Type of Review: Extension, without change, of a currently approved
collection.
Affected Public: Businesses or other for-profit; individuals.
Estimated Number of Respondents: 20.
Estimated Burden per Respondent: 170 hours.
Total Burden: 3,400 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 collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information has practical utility;
(b) The accuracy of the OCC's estimates 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
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(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, Bank Advisory, Office of the Comptroller of the
Currency.
[FR Doc. 2022-00843 Filed 1-14-22; 8:45 am]
BILLING CODE 4810-33-P
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