80 FR 20076 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; Investment Securities
DEPARTMENT OF THE TREASURY
Comptroller of the Currency Federal Register Volume 80, Issue 71 (April 14, 2015)
Comptroller of the Currency
Federal Register Volume 80, Issue 71 (April 14, 2015)
| Page Range | 20076-20077 | |
| FR Document | 2015-08493 |
[Federal Register Volume 80, Number 71 (Tuesday, April 14, 2015)] [Notices] [Pages 20076-20077] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-08493] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Comment Request; Investment Securities AGENCY: Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. ----------------------------------------------------------------------- SUMMARY: The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to 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 renewal of its information collection titled, ``Investment Securities.'' DATES: You should submit written comments by June 15, 2015. ADDRESS: Because paper mail in the Washington, DC area and at the OCC is subject to delay, commenters are encouraged to submit comments by email, if possible. Comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557-0205, 400 7th Street SW., Suite 3E-218, Mail Stop 9W- 11, Washington, DC 20219. In addition, comments may be sent by fax to (571) 465-4326 or by electronic mail to regs.comments@occ.treas.gov. You may personally inspect and photocopy comments at the OCC, 400 7th Street SW., Washington, DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 649-6700. Upon arrival, visitors will be required to present valid government-issued photo identification and submit to security screening in order to inspect and photocopy comments. All comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not enclose any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. FOR FURTHER INFORMATION CONTACT: Mary H. Gottlieb, OCC Clearance Officer, (202) 649-5490, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-11, Washington, DC 20219. SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval, without change, of the following information collection: Title: Investment Securities. OMB Control No.: 1557-0205. Description: This submission covers an existing regulation and involves no change to the regulation or to the information collection requirements. The OCC requests only that OMB extend its approval of the information collection. The information collection requirements in 12 CFR part 1 are as follows: Under 12 CFR 1.3(h)(2), a national bank may request an OCC determination that it may invest in an entity that is exempt from registration under section 3(c)(1) of the Investment Company Act of 1940 \1\ if the portfolio of the entity consists exclusively of assets that a national bank may purchase and sell for its own account. The OCC uses the information contained in the request as a basis for ensuring that the bank's investment is consistent with its investment authority under applicable law and does not pose unacceptable risk. Under 12 CFR 1.7(b), a national bank may request OCC approval to extend the five-year holding period for securities held in satisfaction of debts previously contracted (DPC) for up to an additional five years. The bank must provide a clearly convincing demonstration of why any additional holding period is needed. The OCC uses the information in the request to ensure, on a case-by-case basis, that the bank's purpose in retaining the securities is not speculative and that the bank's reasons [[Page 20077]] for requesting the extension are adequate. The OCC also uses the information to evaluate the risks to the bank of extending the holding period, including potential effects on the bank's safety and soundness. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 25. Estimated Total Annual Burden: 460 hours. Frequency of Response: On occasion. 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: (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. --------------------------------------------------------------------------- \1\ 15 U.S.C. 80a-3(c)(1). Dated: April 8, 2015. Mary H. Gottlieb, Regulatory Specialist, Legislative and Regulatory Activities Division. [FR Doc. 2015-08493 Filed 4-13-15; 8:45 am] BILLING CODE 4810-33-P
![20076 Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices
release of non-public OCC information through the use of automated collection Upon arrival, visitors will be required to
to a requester without sufficient legal techniques or other forms of information present valid government-issued photo
grounds to obtain the information technology; and identification and submit to security
would inhibit open consultation (e) Estimates of capital or start-up screening in order to inspect and
between a bank and the OCC thereby costs and costs of operation, photocopy comments.
impairing the OCC’s supervisory and maintenance, and purchase of services All comments received, including
regulatory mission. The OCC is entitled, to provide information. attachments and other supporting
under statute and case law, to require Dated: April 8, 2015. materials, are part of the public record
requesters to demonstrate that they have Mary H. Gottlieb, and subject to public disclosure. Do not
sufficient legal grounds for the OCC to Regulatory Specialist, Legislative and enclose any information in your
release non-public OCC information. Regulatory Activities Division. comment or supporting materials that
The OCC needs to identify the [FR Doc. 2015–08497 Filed 4–13–15; 8:45 am] you consider confidential or
requester’s legal grounds to determine if BILLING CODE 4810–33–P
inappropriate for public disclosure.
it should release the requested non- FOR FURTHER INFORMATION CONTACT:
public OCC information. Mary H. Gottlieb, OCC Clearance
The information requirements in 12 DEPARTMENT OF THE TREASURY Officer, (202) 649–5490, for persons
CFR part 4, subpart C, are as follows: who are deaf or hard of hearing, TTY,
• 12 CFR 4.33: Request for non-public Comptroller of the Currency (202) 649–5597, Legislative and
OCC records or testimony. Regulatory Activities Division, Office of
• 12 CFR 4.35(b)(3): Third parties Agency Information Collection the Comptroller of the Currency, 400 7th
requesting testimony. Activities: Information Collection Street SW., Suite 3E–218, Mail Stop
• 12 CFR 4.37(a)(2): OCC former Renewal; Comment Request; 9W–11, Washington, DC 20219.
employee notifying OCC of subpoena. Investment Securities
SUPPLEMENTARY INFORMATION: The OCC
• 12 CFR 4.37(a) and (b): Limitation
AGENCY: Office of the Comptroller of the is proposing to extend OMB approval,
on dissemination of released
Currency (OCC), Treasury. without change, of the following
information.
• 12 CFR 4.38(a) and (b): Conditions ACTION: Notice and request for comment. information collection:
on dissemination of released Title: Investment Securities.
SUMMARY: The OCC, as part of its OMB Control No.: 1557–0205.
information. continuing effort to reduce paperwork
• 12 CFR 4.39(d): Request for Description: This submission covers
and respondent burden, invites the an existing regulation and involves no
authenticated records or certificate of general public and other Federal
nonexistence of records. change to the regulation or to the
agencies to take this opportunity to information collection requirements.
The OCC uses the information to comment on a continuing information
process requests for non-public OCC The OCC requests only that OMB extend
collection, as required by the Paperwork its approval of the information
information and to determine if Reduction Act of 1995 (PRA).
sufficient grounds exist for the OCC to collection.
In accordance with the requirements The information collection
release the requested information or of the PRA, the OCC may not conduct
provide testimony that would include a requirements in 12 CFR part 1 are as
or sponsor, and the respondent is not follows:
discussion of non-public information. required to respond to, an information
This information collection facilitates Under 12 CFR 1.3(h)(2), a national
collection unless it displays a currently bank may request an OCC determination
the processing of requests and expedites valid Office of Management and Budget
the OCC’s release of non-public that it may invest in an entity that is
(OMB) control number. exempt from registration under section
information and testimony to the The OCC is soliciting comment
requester, as appropriate. 3(c)(1) of the Investment Company Act
concerning renewal of its information
Type of Review: Extension, without of 1940 1 if the portfolio of the entity
collection titled, ‘‘Investment
change, of a currently approved consists exclusively of assets that a
Securities.’’
collection. national bank may purchase and sell for
DATES: You should submit written its own account. The OCC uses the
Affected Public: Businesses or other
for-profit; individuals. comments by June 15, 2015. information contained in the request as
Number of Respondents: 83. ADDRESS: Because paper mail in the a basis for ensuring that the bank’s
Frequency of Response: On occasion. Washington, DC area and at the OCC is investment is consistent with its
Total Annual Burden: 241 hours. subject to delay, commenters are investment authority under applicable
The OCC issued a notice for 60 days encouraged to submit comments by law and does not pose unacceptable
of comment on January 26, 2015 (80 FR email, if possible. Comments may be risk.
4038). No comments were received. sent to: Legislative and Regulatory Under 12 CFR 1.7(b), a national bank
Comments continue to be invited on: Activities Division, Office of the may request OCC approval to extend the
(a) Whether the collection of Comptroller of the Currency, Attention: five-year holding period for securities
information is necessary for the proper 1557–0205, 400 7th Street SW., Suite held in satisfaction of debts previously
performance of the functions of the 3E–218, Mail Stop 9W–11, Washington, contracted (DPC) for up to an additional
agency, including whether the DC 20219. In addition, comments may five years. The bank must provide a
be sent by fax to (571) 465–4326 or by clearly convincing demonstration of
asabaliauskas on DSK5VPTVN1PROD with NOTICES
information has practical utility;
(b) The accuracy of the agency’s electronic mail to regs.comments@ why any additional holding period is
estimate of the burden of the collection occ.treas.gov. You may personally needed. The OCC uses the information
of information; inspect and photocopy comments at the in the request to ensure, on a case-by-
(c) Ways to enhance the quality, OCC, 400 7th Street SW., Washington, case basis, that the bank’s purpose in
utility, and clarity of the information to DC 20219. For security reasons, the OCC retaining the securities is not
be collected; requires that visitors make an speculative and that the bank’s reasons
(d) Ways to minimize the burden of appointment to inspect comments. You
the collection on respondents, including may do so by calling (202) 649–6700. 1 15 U.S.C. 80a–3(c)(1).
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![Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices 20077
for requesting the extension are collection, as required by the Paperwork The OCC requests only that OMB extend
adequate. The OCC also uses the Reduction Act of 1995 (PRA). its approval of the information
information to evaluate the risks to the In accordance with the requirements collection.
bank of extending the holding period, of the PRA, the OCC may not conduct 12 CFR 28.3 Filing Requirements for
including potential effects on the bank’s or sponsor, and the respondent is not Foreign Operations of a National
safety and soundness. required to respond to, an information Bank—Notice Requirement. A national
Type of Review: Extension of a collection unless it displays a currently bank shall notify the OCC when it files
currently approved collection. valid Office of Management and Budget an application, notice, or report with the
Affected Public: Businesses or other (OMB) control number. FRB 1 to establish or open a foreign
for-profit. The OCC is soliciting comment branch, or acquire or divest of an
Estimated Number of Respondents: concerning renewal of its information interest in, or close, an Edge
25. collection titled ‘‘International corporation, Agreement corporation,
Estimated Total Annual Burden: 460 Regulation.’’ foreign bank, or other foreign
hours. DATES: Comments must be received by organization; or opens a foreign branch,
Frequency of Response: On occasion. June 15, 2015. and no application or notice is required
Comments submitted in response to by the FRB for such transaction.
ADDRESSES: Because paper mail in the
this notice will be summarized and In practice, the OCC also has required
Washington, DC area and at the OCC is an application pursuant to section
included in the request for OMB
subject to delay, commenters are 28.3(c) from a national bank seeking to
approval. All comments will become a
encouraged to submit comments by join a foreign exchange, clearinghouse,
matter of public record. Comments are
email, if possible. Comments may be or similar type of organization. In lieu
invited on:
sent to: Legislative and Regulatory of a notice, the OCC may accept a copy
(a) Whether the collection of
Activities Division, Office of the of an application, notice, or report
information is necessary for the proper
Comptroller of the Currency, Attention: submitted to another Federal agency
performance of the functions of the
1557–0102, 400 7th Street SW., Suite that covers the proposed action and
OCC, including whether the information
3E–218, Mail Stop 9W–11, Washington, contains substantially the same
has practical utility;
DC 20219. In addition, comments may information required by the OCC. A
(b) The accuracy of the OCC’s
be sent by fax to (571) 465–4326 or by national bank shall furnish the OCC
estimate of the burden of the collection
electronic mail to regs.comments@ with any additional information the
of information;
occ.treas.gov. You may personally OCC may require in connection with the
(c) Ways to enhance the quality,
inspect and photocopy comments at the national bank’s foreign operations.
utility, and clarity of the information to
OCC, 400 7th Street SW., Washington, 12 CFR 28.14(c) Limitations Based
be collected;
(d) Ways to minimize the burden of DC 20219. For security reasons, the OCC Upon Capital of a Foreign Bank—
the collection on respondents, including requires that visitors make an Aggregation. A foreign bank shall
through the use of automated collection appointment to inspect comments. You aggregate business transacted by all
techniques or other forms of information may do so by calling (202) 649–6700. Federal branches and agencies with the
technology; and Upon arrival, visitors will be required to business transacted by all state branches
(e) Estimates of capital or start-up present valid government-issued photo and agencies controlled by the foreign
costs and costs of operation, identification and submit to security bank in determining its compliance
maintenance, and purchase of services screening in order to inspect and with limitations based upon the capital
to provide information. photocopy comments. of the foreign bank. A foreign bank shall
All comments received, including designate one Federal branch or agency
Dated: April 8, 2015. attachments and other supporting office in the United States to maintain
Mary H. Gottlieb, materials, are part of the public record consolidated information so that the
Regulatory Specialist, Legislative and and subject to public disclosure. Do not OCC can monitor compliance.
Regulatory Activities Division. enclose any information in your 12 CFR 28.15(d), (d)(1), (d)(2), and (f)
[FR Doc. 2015–08493 Filed 4–13–15; 8:45 am] comment or supporting materials that Capital Equivalency Deposits. A foreign
BILLING CODE 4810–33–P you consider confidential or bank should require its depository bank
inappropriate for public disclosure. to segregate its capital equivalency
FOR FURTHER INFORMATION CONTACT: deposits on the depository bank’s books
DEPARTMENT OF THE TREASURY Mary H. Gottlieb, OCC Clearance and records. The instruments making up
Officer, (202) 649–5490, for persons the capital equivalency deposit that are
Office of the Comptroller of the who are deaf or hard of hearing, TTY, placed in safekeeping at a depository
Currency (202) 649–5597, Legislative and bank to satisfy a foreign bank’s capital
Agency Information Collection Regulatory Activities Division, Office of equivalency deposit requirement must
Activities: Information Collection the Comptroller of the Currency, 400 7th be maintained pursuant to an agreement
Renewal; Comment Request; Street SW., Suite 3E–218, Mail Stop prescribed by the OCC that shall be a
International Regulation 9W–11, Washington, DC 20219. written agreement entered into with the
SUPPLEMENTARY INFORMATION: The OCC OCC. Each Federal branch or agency
AGENCY: Office of the Comptroller of the is proposing to extend OMB approval of shall maintain a capital equivalency
asabaliauskas on DSK5VPTVN1PROD with NOTICES
Currency (OCC), Treasury. the following information collection account and keep records of the amount
ACTION: Notice and request for comment. without change: of liabilities requiring capital
Title: International Regulation—Part equivalency coverage in a manner and
SUMMARY: The OCC, as part of its 28. form prescribed by the OCC. A foreign
continuing effort to reduce paperwork OMB Control No.: 1557–0102. bank’s capital equivalency deposits may
and respondent burden, invites the Description: This submission covers not be reduced in value below the
general public and other Federal an existing regulation and involves no
agencies to take this opportunity to change to the regulation or to the 1 Board of Governors of the Federal Reserve
comment on a continuing information information collection requirements. System.
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Document Created: 2015-12-18 11:09:46
Document Modified: 2015-12-18 11:09:46
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice and request for comment. | |
| Dates | You should submit written comments by June 15, 2015. | |
| Contact | Mary H. Gottlieb, OCC Clearance Officer, (202) 649-5490, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-11, Washington, DC 20219. | |
| FR Citation | 80 FR 20076 |
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