80 FR 27435 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Bank Activities and Operations

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency

Federal Register Volume 80, Issue 92 (May 13, 2015)

Page Range		27435-27435
FR Document		2015-11488

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 its information collection titled, ``Bank Activities and Operations.'' It also is giving notice that the information collection has been submitted to OMB for review.

Federal Register, Volume 80 Issue 92 (Wednesday, May 13, 2015)

[Federal Register Volume 80, Number 92 (Wednesday, May 13, 2015)]
[Notices]
[Page 27435]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-11488]



[[Page 27435]]

-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Submission for OMB Review; Bank Activities and Operations

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 its information collection 
titled, ``Bank Activities and Operations.'' It also is giving notice 
that the information collection has been submitted to OMB for review.

DATES: You should submit written comments by: June 12, 2015.

ADDRESSES: 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: 1557-0204, 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 email to [email protected]. 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 include any information in your comment or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-0204, U.S. Office of Management and Budget, 725 17th 
Street NW., #10235, Washington, DC 20503, or by email to: 
[email protected].

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, 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., 
Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval, 
without change, of the following information collection:
    Title: Bank Activities and Operations--12 CFR part 7.
    OMB Control No.: 1557-0204.
    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 the OMB extend its approval of 
the information collection.
    The information collection requirements ensure that national banks 
conduct their operations in a safe and sound manner and in accordance 
with applicable Federal banking statutes and regulations. The 
information is necessary for regulatory and examination purposes.
    The information collection requirements in part 7 are as follows:
     12 CFR 7.1000(d)(1) (National bank ownership of property--
Lease financing of public facilities). National bank lease agreements 
must provide that the lessee will become the owner of the building or 
facility upon the expiration of the lease.
     12 CFR 7.1014 (Sale of money orders at nonbanking 
outlets). A national bank may designate bonded agents to sell the 
bank's money orders at nonbanking outlets. The responsibility of both 
the bank and its agent should be defined in a written agreement setting 
forth the duties of both parties and providing for remuneration of the 
agent.
     12 CFR 7.2000(b) (Corporate governance procedures--Other 
sources of guidance). A national bank shall designate in its bylaws the 
body of law selected for its corporate governance procedures.
     12 CFR 7.2004 (Honorary directors or advisory boards). Any 
listing of a national bank's honorary or advisory directors must 
distinguish between them and the bank's board of directors or indicate 
their advisory status.
     12 CFR 7.2014(b) (Indemnification of institution-
affiliated parties--Administrative proceeding or civil actions not 
initiated by a Federal agency). A national bank shall designate in its 
bylaws the body of law selected for making indemnification payments.
     12 CFR 7.2024(a) (Staggered terms for national bank 
directors). Any national bank may adopt bylaws that provide for 
staggering the terms of its directors. National banks shall provide the 
OCC with copies of any bylaws so amended.
     12 CFR 7.2024(c) (Size of bank board). A national bank 
seeking to increase the number of its directors must notify the OCC any 
time the proposed size would exceed 25 directors.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 1,300.
    Estimated Total Annual Burden: 418 hours.
    Frequency of Response: On occasion.
    The OCC published a notice concerning the collection for 60 days of 
comment on February 5, 2015 (80 FR 6569). 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.

    Dated: May 7, 2015.
Mary H. Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division.
[FR Doc. 2015-11488 Filed 5-12-15; 8:45 am]
 BILLING CODE 4810-33-P

Federal Register / Vol. 80, No. 92 / Wednesday, May 13, 2015 / Notices 27435

DEPARTMENT OF THE TREASURY you consider confidential or them and the bank’s board of directors
inappropriate for public disclosure. or indicate their advisory status.
Office of the Comptroller of the Additionally, please send a copy of • 12 CFR 7.2014(b) (Indemnification
Currency your comments by mail to: OCC Desk of institution-affiliated parties—
Officer, 1557–0204, U.S. Office of Administrative proceeding or civil
Agency Information Collection Management and Budget, 725 17th
Activities: Information Collection actions not initiated by a Federal
Street NW., #10235, Washington, DC agency). A national bank shall designate
Renewal; Submission for OMB Review; 20503, or by email to:
Bank Activities and Operations in its bylaws the body of law selected
oiralsubmission@omb.eop.gov.
for making indemnification payments.
AGENCY: Office of the Comptroller of the FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, OCC Clearance • 12 CFR 7.2024(a) (Staggered terms
Currency (OCC), Treasury. for national bank directors). Any
Officer, (202) 649–5490, for persons
ACTION: Notice and request for comment. national bank may adopt bylaws that
who are deaf or hard of hearing, TTY,
(202) 649–5597, Legislative and provide for staggering the terms of its
SUMMARY: The OCC, as part of its directors. National banks shall provide
continuing effort to reduce paperwork Regulatory Activities Division, Office of
the Comptroller of the Currency, 400 7th the OCC with copies of any bylaws so
and respondent burden, invites the amended.
general public and other Federal Street SW., Washington, DC 20219.
agencies to take this opportunity to SUPPLEMENTARY INFORMATION: The OCC • 12 CFR 7.2024(c) (Size of bank
comment on a continuing information is proposing to extend OMB approval, board). A national bank seeking to
collection, as required by the Paperwork without change, of the following increase the number of its directors
Reduction Act of 1995 (PRA). information collection: must notify the OCC any time the
In accordance with the requirements Title: Bank Activities and proposed size would exceed 25
of the PRA, the OCC may not conduct Operations—12 CFR part 7. directors.
or sponsor, and the respondent is not OMB Control No.: 1557–0204. Type of Review: Extension of a
required to respond to, an information Description: This submission covers currently approved collection.
collection unless it displays a currently an existing regulation and involves no
change to the regulation or to the Affected Public: Businesses or other
valid Office of Management and Budget
information collection requirements. for-profit.
(OMB) control number.
The OCC is soliciting comment The OCC requests only that the OMB Estimated Number of Respondents:
concerning its information collection extend its approval of the information 1,300.
titled, ‘‘Bank Activities and collection. Estimated Total Annual Burden: 418
Operations.’’ It also is giving notice that The information collection hours.
the information collection has been requirements ensure that national banks
conduct their operations in a safe and Frequency of Response: On occasion.
submitted to OMB for review.
sound manner and in accordance with The OCC published a notice
DATES: You should submit written
applicable Federal banking statutes and concerning the collection for 60 days of
comments by: June 12, 2015. regulations. The information is comment on February 5, 2015 (80 FR
ADDRESSES: Because paper mail in the necessary for regulatory and 6569). No comments were received.
Washington, DC area and at the OCC is examination purposes. Comments continue to be invited on:
subject to delay, commenters are The information collection
encouraged to submit comments by (a) Whether the collection of
requirements in part 7 are as follows:
information is necessary for the proper
email, if possible. Comments may be • 12 CFR 7.1000(d)(1) (National bank
sent to: Legislative and Regulatory performance of the functions of the
ownership of property—Lease financing
Activities Division, Office of the OCC, including whether the information
of public facilities). National bank lease
Comptroller of the Currency, Attention: agreements must provide that the lessee has practical utility;
1557–0204, 400 7th Street SW., Suite will become the owner of the building (b) The accuracy of the OCC’s
3E–218, Mail Stop 9W–11, Washington, or facility upon the expiration of the estimate of the burden of the collection
DC 20219. In addition, comments may lease. of information;
be sent by fax to (571) 465–4326 or by • 12 CFR 7.1014 (Sale of money (c) Ways to enhance the quality,
email to regs.comments@occ.treas.gov. orders at nonbanking outlets). A utility, and clarity of the information to
You may personally inspect and national bank may designate bonded be collected;
photocopy comments at the OCC, 400 agents to sell the bank’s money orders
7th Street SW., Washington, DC 20219. at nonbanking outlets. The (d) Ways to minimize the burden of
For security reasons, the OCC requires responsibility of both the bank and its the collection on respondents, including
that visitors make an appointment to agent should be defined in a written through the use of automated collection
inspect comments. You may do so by agreement setting forth the duties of techniques or other forms of information
calling (202) 649–6700. Upon arrival, both parties and providing for technology; and
visitors will be required to present valid remuneration of the agent. (e) Estimates of capital or start-up
government-issued photo identification • 12 CFR 7.2000(b) (Corporate costs and costs of operation,
and submit to security screening in governance procedures—Other sources maintenance, and purchase of services
asabaliauskas on DSK5VPTVN1PROD with NOTICES

order to inspect and photocopy of guidance). A national bank shall to provide information.
comments. designate in its bylaws the body of law Dated: May 7, 2015.
All comments received, including selected for its corporate governance
attachments and other supporting procedures. Mary H. Gottlieb,
materials, are part of the public record • 12 CFR 7.2004 (Honorary directors Regulatory Specialist, Legislative and
and subject to public disclosure. Do not or advisory boards). Any listing of a Regulatory Activities Division.
include any information in your national bank’s honorary or advisory [FR Doc. 2015–11488 Filed 5–12–15; 8:45 am]
comment or supporting materials that directors must distinguish between BILLING CODE 4810–33–P

VerDate Sep<11>2014 17:27 May 12, 2015 Jkt 235001 PO 00000 Frm 00152 Fmt 4703 Sfmt 9990 E:\FR\FM\13MYN1.SGM 13MYN1

Document Created: 2015-12-16 07:46:43
Document Modified: 2015-12-16 07:46:43

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 12, 2015.
Contact		Shaquita Merritt, 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., Washington, DC 20219.
FR Citation		80 FR 27435

80 FR 27435 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Bank Activities and Operations

DEPARTMENT OF THE TREASURYOffice of the Comptroller of the Currency

Federal Register Volume 80, Issue 92 (May 13, 2015)

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency