60-Day FR Notice

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Federal Register / Vol. 90, No. 118 / Monday, June 23, 2025 / Notices

OMB Control No.: 1557–0315.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit.
Description: On March 22, 2013, the
agencies 1 issued guidance to the
financial institutions they supervise 2 on
how to evaluate and monitor credit risks
in leveraged loans, understand the effect
of changes in borrowers’ enterprise
values on credit portfolio quality, and
assess the sensitivity of future credit
losses to these changes in enterprise
values.3 In regard to the underwriting of
such credits, the guidance provides
information for financial institutions to
consider in assessing whether borrowers
have the ability to repay credits when
due and whether borrowers have
sustainable capital structures, including
bank borrowings and other debt, to
support their continued operations
through economic cycles. The guidance
also provides information to financial
institutions on the risks and potential
impact of stressful events and
circumstances on a borrower’s financial
condition.
The final guidance recommends that
financial institutions consider
developing: (i) underwriting policies for
leveraged lending, including stresstesting procedures for leveraged credits;
(ii) risk management policies, including
stress-testing procedures for pipeline
exposures; and (iii) policies and
procedures for incorporating the results
of leveraged credit and pipeline stress
tests into the firm’s overall stress-testing
framework. While not requirements,
these recommended policies qualify as
‘‘collections of information’’ as defined
in the PRA.
Respondents are financial institutions
with leveraged lending activities as
defined in the guidance that may
develop policies recommended in the
guidance.
Estimated Frequency of Response: On
occasion.
Estimated Number of Respondents:
30.
Estimated Total Annual Burden:
50,812 hours.
Comments: The OCC issued a 60-day
Federal Register notice on March 10,
2025, 90 FR 11651. The OCC received
one comment from a bank. The
commenter questioned the necessity
and utility of the guidance related
information collections. These
information collections promote

uniformity in the supervisory review of
leveraged loans consistent with longstanding principles of commercial credit
lending. The commenter also
questioned the accuracy of the burden
estimate. Because this information
collection is voluntary, a bank can
choose not to implement the
information collection. Banks remain
responsible, however, for sound risk
management practices when engaging in
leveraged lending activities, including
commensurate risk management and
controls. Any increase in underwriting
burden is unrelated to PRA
requirements and stems directly from
the risk inherent to making loans to
companies with significant leverage
when repayment is contingent upon
realization of projections several years
in the future. The commenter’s
additional statements, including those
concerning the administrative process,
are outside the scope of PRA
requirements. However, the OCC may
consider these comments in future
actions, if any.
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. 2025–11502 Filed 6–20–25; 8:45 am]
BILLING CODE 4810–33–P

1 OCC, Board of Governors of the Federal Reserve
System, and Federal Deposit Insurance Corporation.
2 For the OCC, the term ‘‘financial institution’’ or
‘‘institution’’ includes national banks, Federal
savings associations, and Federal branches and
agencies supervised by the OCC.
3 78 FR 17766 (March 22, 2013).

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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request;
Community and Economic
Development Entities, Community
Development Projects, and Other
Public Welfare Investments
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, ‘‘Community and Economic
Development Entities, Community
Development Projects, and Other Public
Welfare Investments.’’
DATES: Comments must be received by
August 22, 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: 1557–0194, 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–
0194’’ 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
SUMMARY:

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ddrumheller on DSK120RN23PROD with NOTICES1

Federal Register / Vol. 90, No. 118 / Monday, June 23, 2025 / Notices
confidential or inappropriate for public
disclosure.
Following the close of this notice’s
60-day comment period, the OCC will
publish a second notice with a 30-day
comment period. 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.
• 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–
0194’’ or ‘‘Community and Economic
Development Entities, Community
Development Projects, and Other Public
Welfare Investments.’’ 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
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 generally
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.

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Title: Community and Economic
Development Entities, Community
Development Projects, and Other Public
Welfare Investments.
OMB Control No.: 1557–0194.
Description: This submission covers
an existing regulation (12 CFR part 24),
including the CD–1, National Bank
Community Development Investments
form, pursuant to which a national bank
may notify the OCC, or request OCC
approval, of certain community
development investments.
Section 24.5(a) provides that an
eligible national bank may make a
public welfare investment without prior
notification to, or approval by, the OCC
if the bank submits an after-the-fact
notification of an investment within 10
days of making the investment.
Section 24.4(a) provides that a
national bank may submit a written
request to the OCC to exceed five
percent of its capital and surplus for its
aggregate, outstanding public welfare
investments. The OCC may grant
permission to the bank to make
subsequent public welfare investments
up to the approved investment limit
without prior notification to, or
approval by the OCC, using the afterthe-fact notification process consistent
with § 24.5(a).
Section 24.5(a)(5) provides that a
national bank that is not an eligible
bank, consistent with § 24.2(e), but that
is at least adequately capitalized and
has a composite rating of at least 3 with
improving trends under the Uniform
Financial Institutions Rating System,
may submit a letter to the OCC
requesting authority to submit after-thefact notices of its public welfare
investments.
Section 24.5(b)(1) provides that if a
national bank does not meet the
requirements for after-the-fact
notification, including if the bank’s
aggregate outstanding investments
exceed the five percent limit, unless
previously approved by the OCC for
subsequent public welfare investments,
the bank must submit an investment
proposal to the OCC seeking permission
to make the public welfare investment.
Type of Review: Regular.
Affected Public: Individuals;
Businesses or other for-profit.
Estimated Frequency of Response: On
occasion.
Estimated Number of Respondents:
1,349.
Estimated Total Annual Burden:
2,172 hours.
Comments submitted in response to
this notice will be summarized and
included in the request for OMB
approval. All comments will become a

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26677

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
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. 2025–11454 Filed 6–20–25; 8:45 am]
BILLING CODE P

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request;
Interagency Guidance on Asset
Securitization Activities
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 ‘‘Interagency Guidance on Asset
Securitization Activities.’’
DATES: Comments must be received by
August 22, 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.
SUMMARY:

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