30-Day FR Notice

1557-0315 30-Day FRN for Leveraged Lending (90 FR 26675).pdf

Leveraged Lending

30-Day FR Notice

OMB: 1557-0315

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Federal Register / Vol. 90, No. 118 / Monday, June 23, 2025 / Notices
Percent
Non-Profit Organizations without Credit Available Elsewhere .....................................

3.625

The number assigned to this disaster
for physical damage is 21146B and for
economic injury is 211470.
(Catalog of Federal Domestic Assistance
Number 59008)

SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #21119 and #21120;
NEBRASKA Disaster Number NE–20011]

Presidential Declaration Amendment of
a Major Disaster for Public Assistance
Only for the State of NEBRASKA
U.S. Small Business
Administration.
ACTION: Amendment 1.
AGENCY:

This is an amendment of the
Presidential declaration of a major
disaster for Public Assistance Only for
the State of NEBRASKA (FEMA–4868–
DR), dated May 21, 2025.
Incident: Severe Winter Storm and
Straight-line Winds.
DATES: Issued on June 13, 2025.
Incident Period: March 18, 2025
through March 19, 2025.
Physical Loan Application Deadline
Date: July 22, 2025.
Economic Injury (EIDL) Loan
Application Deadline Date: February 23,
2026.
ADDRESSES: Visit the MySBA Loan
Portal at https://lending.sba.gov to
apply for a disaster assistance loan.
FOR FURTHER INFORMATION CONTACT:
Sharon Henderson, Office of Disaster
Recovery & Resilience, U.S. Small
Business Administration, 409 3rd Street
SW, Suite 6050, Washington, DC 20416,
(202) 205–6734.
SUPPLEMENTARY INFORMATION: The notice
of the President’s major disaster
declaration for Private Non-Profit
organizations in the State of
NEBRASKA, dated May 21, 2025, is
hereby amended to include the
following area as adversely affected by
the disaster.
Primary County: Dakota.
All other information in the original
declaration remains unchanged.

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BILLING CODE 8026–09–P

Agency Information Collection
Activities: Information Collection
Renewal; Submission for OMB Review;
Leveraged Lending

BILLING CODE 8026–09–P

22:29 Jun 20, 2025

[FR Doc. 2025–11465 Filed 6–20–25; 8:45 am]

Office of the Comptroller of the
Currency

[FR Doc. 2025–11457 Filed 6–20–25; 8:45 am]

VerDate Sep<11>2014

James Stallings,
Associate Administrator, Office of Disaster
Recovery & Resilience.

DEPARTMENT OF THE TREASURY

James Stallings,
Associate Administrator, Office of Disaster
Recovery & Resilience.

SUMMARY:

(Catalog of Federal Domestic Assistance
Number 59008)

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, ‘‘Leveraged Lending.’’ The OCC
also is giving notice that it has sent the
collection to OMB for review.
DATES: Comments must be received by
July 23, 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: 1557–0315, 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–
0315’’ 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
SUMMARY:

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26675

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
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–
0315’’ or ‘‘Leveraged Lending.’’ 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. The OCC
asks the OMB to extend its approval of
the collection in this notice.
Title: Leveraged Lending.

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26676

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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