Climate Risk Range of Practice

ICR 202204-1557-004

OMB: 1557-0354

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Unchanged
Supporting Statement A
2022-04-20
IC Document Collections
IC ID
Document
Title
Status
249982 Unchanged
ICR Details
1557-0354 202204-1557-004
Received in OIRA 202110-1557-005
TREAS/OCC
Climate Risk Range of Practice
Extension without change of a currently approved collection   No
Regular 05/02/2022
  Requested Previously Approved
36 Months From Approved 05/31/2022
20 20
3,400 3,400
0 0

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 as it pertains 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.

None
None

Not associated with rulemaking

  87 FR 2667 01/18/2022
87 FR 25700 05/02/2022
No

1
IC Title Form No. Form Name
Questionnaire N/A OCC Climate Risk Questionnaire

  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 20 20 0 0 0 0
Annual Time Burden (Hours) 3,400 3,400 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

No
    No
    No
No
No
No
No
Melissa Squire 202 262-8944 [email protected]

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
05/02/2022


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