30-Day FR Notice

Federal Register / Vol. 90, No. 121 / Thursday, June 26, 2025 / Notices
and judicial enforcement actions
brought in Federal court.4
This general policy is not intended to,
and does not, create any right or benefit,
substantive or procedural, enforceable at
law or in equity by any party against the
United States, its departments, agencies,
or entities, its officers, employees, or
agents, or any other person.
Gregory D. Cote,
Acting General Counsel.
[FR Doc. 2025–11795 Filed 6–25–25; 8:45 am]
BILLING CODE 4910–9X–P

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Submission for OMB Review;
Market Risk
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, ‘‘Market Risk.’’ The OCC also is
giving notice that it has sent the
collection to OMB for review.
DATES: Comments must be received by
July 28, 2025.
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: 1557–0247, 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.

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SUMMARY:

4 https://www.transportation.gov/
administrations/office-general-counsel/generalcounsel%E2%80%99s-enforcement-memorandum.

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Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0247’’ 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 view this
particular 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 OMB control number ‘‘1557–
0247’’ or ‘‘Market Risk.’’ 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.
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

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27387

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: Market Risk.
OMB Control No.: 1557–0247.
Type of Review: Regular.
Affected Public: Individuals;
Businesses or other for-profit.
Description: The OCC’s market risk
capital rule (12 CFR part 3, subpart F)
applies to national banks and Federal
savings associations with significant
exposure to market risk, which include
those national banks and Federal
savings associations with aggregate
trading assets and trading liabilities (as
reported in the national bank’s or
Federal savings association’s most
recent Call Report) equal to 10 percent
or more of quarter-end total assets or $1
billion or more. The rule captures
positions for which the market risk
capital rule is appropriate, reduces
procyclicality in market risk capital
requirements, enhances the risk
sensitivity of the OCC’s capital
requirements by measuring risks that are
not adequately captured under the
requirements for credit risk, and
increases transparency through
enhanced disclosures.
The information collection
requirements are located at 12 CFR
3.203 through 3.212. The rule enhances
risk sensitivity and includes
requirements for the public disclosure
of certain qualitative and quantitative
information about the market risk of
national banks and Federal savings
associations. The collection of
information is necessary to ensure
capital adequacy appropriate for the
level of market risk.
Section 3.203 sets forth the
requirements for applying the market
risk framework. Section 3.203(a)(1)
requires national banks and Federal
savings associations to have clearly
defined policies and procedures for
determining which trading assets and
trading liabilities are trading positions
and specifies the factors a national bank
or Federal savings association must
consider in drafting those policies and
procedures. Section 3.203(a)(2) requires
national banks and Federal savings
associations to have clearly defined
trading and hedging strategies for
trading positions that are approved by
senior management and specifies what
those strategies must articulate. Section
3.203(b)(1) requires national banks and
Federal savings associations to have

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Federal Register / Vol. 90, No. 121 / Thursday, June 26, 2025 / Notices

clearly defined policies and procedures
for actively managing all covered
positions and specifies the minimum
requirements for those policies and
procedures. Section 3.203(c)(1) requires
national banks and Federal savings
associations to obtain prior written
approval of the OCC before using any
internal model to calculate their riskbased capital requirements under the
rule. Sections 3.203(c)(4) through
3.203(c)(10) require the review, at least
annually, of internal models and specify
certain requirements for those models.
Section 3.203(d)(4) requires the internal
audit group of a national bank or
Federal savings association to report to
the board of directors, at least annually,
on the effectiveness of controls
supporting the market risk measurement
systems.
Section 3.204(b) requires national
banks and Federal savings associations
to conduct quarterly backtesting.
Section 3.205(a)(5) requires institutions
to demonstrate to the OCC the
appropriateness of any proxies used to
capture risks within value-at-risk
models. Section 3.205(c) requires
institutions to develop, retain, and make
available to the OCC value-at-risk and
profit and loss information on subportfolios for two years. Section
3.206(b)(3) requires national banks and
Federal savings associations to have
policies and procedures that describe
how they determine the period of
significant financial stress used to
calculate the institution’s stressed
value-at-risk models and to obtain prior
OCC approval for any material changes
to these policies and procedures.
Section 3.207(b)(1) details
requirements applicable to a national
bank or Federal savings association
when the national bank or Federal
savings association uses internal models
to measure the specific risk of certain
covered positions. Section 3.208
requires national banks and Federal
savings associations to obtain prior OCC
approval for incremental risk modeling
of portfolios of equity positions and
describes the requirements for
incremental risk modeling. Section
3.209 requires prior OCC approval for
the use of a comprehensive risk measure
and describes applicable requirements.
Section 3.209(c)(2) requires national
banks and Federal savings associations
to retain and make available to the OCC
the results of supervisory stress testing.
Section 3.210(f) requires national banks
and Federal savings associations to
document an internal analysis of the
risk characteristics of each
securitization position in order to
demonstrate to the OCC an
understanding of the position. Section

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3.212 requires quarterly quantitative
disclosures, annual qualitative
disclosures, and a formal disclosure
policy approved by the board of
directors that addresses the approach for
determining the market risk disclosures
it makes.
Estimated Burden: 1,964.
Estimated Frequency of Response: On
occasion.
Estimated Number of Respondents:
17.
Estimated Total Annual Burden:
33,388 hours.
Comments: On April 18, 2025, the
OCC published a 60-day notice for this
information collection, 90 FR 16590. 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. 2025–11752 Filed 6–25–25; 8:45 am]
BILLING CODE 4810–33–P

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Submission for OMB Review;
Community Reinvestment Act
Qualifying Activities Confirmation
Request Form
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

SUMMARY:

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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, ‘‘Community Reinvestment Act
Qualifying Activities Confirmation
Request Form.’’ The OCC also is giving
notice that it has sent the collection to
OMB for review.
DATES: Comments must be received by
July 28, 2025.
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: 1557–0356, 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–
0356’’ 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

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