Notice2023-10994
Agency Information Collection Activities: Renewal of an Approved Information Collection; Comment Request; Supervisory Guidance: Supervisory Review Process of Capital Adequacy (Pillar 2) Related to the Implementation of the Basel II Advanced Capital Framework
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
May 24, 2023
Issuing agencies
Treasury DepartmentComptroller of the Currency
Abstract
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: Supervisory Review Process of Capital Adequacy (Pillar 2) Related to the Implementation of the Basel II Advanced Capital Framework."
Full Text
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<title>Federal Register, Volume 88 Issue 100 (Wednesday, May 24, 2023)</title>
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[Federal Register Volume 88, Number 100 (Wednesday, May 24, 2023)]
[Notices]
[Pages 33665-33666]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-10994]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Renewal of an Approved
Information Collection; Comment Request; Supervisory Guidance:
Supervisory Review Process of Capital Adequacy (Pillar 2) Related to
the Implementation of the Basel II Advanced Capital Framework
AGENCY: Office of the Comptroller of the Currency, Treasury (OCC).
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 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
[[Page 33666]]
titled ``Supervisory Guidance: Supervisory Review Process of Capital
Adequacy (Pillar 2) Related to the Implementation of the Basel II
Advanced Capital Framework.''
DATES: Comments must be received by July 24, 2023.
ADDRESSES: Commenters are encouraged to submit comments by email, if
possible. You may submit comments by any of the following methods:
<bullet> Email: <a href="/cdn-cgi/l/email-protection#ef9f9d8e86818980af808c8cc19b9d8a8e9cc1888099"><span class="__cf_email__" data-cfemail="58282a3931363e3718373b3b762c2a3d392b763f372e">[email protected]</span></a>.
<bullet> Mail: Chief Counsel's Office, Attention: Comment
Processing, Office of the Comptroller of the Currency, Attention: 1557-
0242, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
<bullet> Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
<bullet> Fax: (571) 465-4326.
Instructions: You must include ``OCC'' as the agency name and
``1557-0242'' in your comment. In general, the OCC will publish
comments on <a href="http://www.reginfo.gov">www.reginfo.gov</a> 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.
<bullet> Viewing Comments Electronically: Go to <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
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-
0242'' or ``Supervisory Guidance: Supervisory Review Process of Capital
Adequacy (Pillar 2) Related to the Implementation of the Basel II
Advanced Capital Framework.'' 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.
<bullet> For assistance in navigating <a href="http://www.reginfo.gov">www.reginfo.gov</a>, 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.
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: Supervisory Guidance: Supervisory Review Process of Capital
Adequacy (Pillar 2) Related to the Implementation of the Basel II
Advanced Capital Framework.
OMB Control No.: 1557-0242.
Frequency of Response: Event-generated.
Affected Public: National banks and Federal savings associations
subject to the advanced approaches capital rule.
Abstract: In 2008, the OCC, Board of Governors of the Federal
Reserve System, and Federal Deposit Insurance Corporation issued a
supervisory guidance document to assist banking organizations in
implementing the supervisory review process, or Pillar 2, of the
advanced approaches risk-based capital rule.\1\ Therefore, this
guidance is relevant for OCC-supervised national banks and Federal
savings associations (collectively, banks) that are subject to the
advanced approaches capital rule.\2\ It does not apply to small banks.
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\1\ 73 FR 44620 (July 31, 2008)
\2\ See 12 CFR 3.100(b).
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Paragraphs 37, 41, 43, and 46 of the guidance contain information
collections. Paragraph 37 provides that banks should clearly state 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. Paragraph 41 provides that banks should
maintain thorough documentation of ICAAP. Paragraph 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
paragraph 46, should periodically, and at least annually, review the
assessment of overall capital adequacy and analyze how measures of
internal capital adequacy compare with other capital measures (such as
regulatory or accounting).
Estimated Burden:
Number of Respondents: 20.
Estimated Burden per Respondent: 140 hours.
Total Estimated Annual Burden: 2,800 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:
<bullet> Whether the collection of information is necessary for the
proper performance of the functions of the OCC, including whether the
information has practical utility;
<bullet> The accuracy of the OCC's estimate of the burden of the
collection of information;
<bullet> Ways to enhance the quality, utility, and clarity of the
information to be collected;
<bullet> Ways to minimize the burden of the collection on
respondents, including the use of automated collection techniques or
other forms of information technology; and
<bullet> 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. 2023-10994 Filed 5-23-23; 8:45 am]
BILLING CODE 4810-33-P
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