80 FR 35735 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; International Regulation

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency

Federal Register Volume 80, Issue 119 (June 22, 2015)

Page Range		35735-35736
FR Document		2015-15292

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 ``International Regulation.'' The OCC also is giving notice that it has sent the collection to OMB for review.

Federal Register, Volume 80 Issue 119 (Monday, June 22, 2015)

[Federal Register Volume 80, Number 119 (Monday, June 22, 2015)]
[Notices]
[Pages 35735-35736]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-15292]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Submission for OMB Review; International Regulation

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: 

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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 ``International Regulation.'' The OCC also is giving 
notice that it has sent the collection to OMB for review.

DATES: Comments must be received by July 22, 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: 1557-0102, 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 [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, 1557-0102, 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, 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 
of the following information collection without change:
    Title: International Regulation--Part 28.
    OMB Control No.: 1557-0102.
    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.
    12 CFR 28.3 Filing Requirements for Foreign Operations of a 
National Bank--Notice Requirement. A national bank shall notify the OCC 
when it files an application, notice, or report with the

[[Page 35736]]

Board of Governors of the Federal Reserve System (FRB) to establish or 
open a foreign branch, or acquire or divest of an interest in, or 
close, an Edge corporation, Agreement corporation, foreign bank, or 
other foreign organization; or opens a foreign branch, and no 
application or notice is required by the FRB for such transaction.
    In practice, the OCC also requires an application pursuant to 12 
CFR 28.3(c) from a national bank seeking to join a foreign exchange, 
clearinghouse, or similar type of organization. In lieu of a notice, 
the OCC may accept a copy of an application, notice, or report 
submitted to another Federal agency that covers the proposed action and 
contains substantially the same information required by the OCC. Under 
12 CFR 28.3(c), a national bank shall furnish the OCC with any 
additional information the OCC may require in connection with the 
national bank's foreign operations.
    12 CFR 28.14(c) Limitations Based upon Capital of a Foreign Bank--
Aggregation. A foreign bank shall aggregate business transacted by all 
Federal branches and agencies with the business transacted by all state 
branches and agencies controlled by the foreign bank in determining its 
compliance with limitations based upon the capital of the foreign bank. 
A foreign bank shall designate one Federal branch or agency office in 
the United States to maintain consolidated information so the OCC can 
monitor compliance.
    12 CFR 28.15(d), (d)(1), (d)(2), and (f) Capital Equivalency 
Deposits (CED). A foreign bank should require its depository bank to 
segregate its CED on the depository bank's books and records. The 
instruments making up the CED that are placed in safekeeping at a 
depository bank to satisfy a foreign bank's CED requirement must be 
maintained pursuant to an agreement prescribed by the OCC that shall be 
a written agreement entered into with the OCC. Each Federal branch or 
agency shall maintain a capital equivalency account and keep records of 
the amount of liabilities requiring capital equivalency coverage in a 
manner and form prescribed by the OCC. A foreign bank's CED may not be 
reduced in value below the minimum required for that branch or agency 
without the prior approval of the OCC, but in no event below the 
statutory minimum.
    12 CFR 28.16(c) Deposit-taking by an Uninsured Federal Branch--
Application for an Exemption. A foreign bank may apply to the OCC for 
an exemption to permit an uninsured Federal branch to accept or 
maintain deposit accounts that are not listed in Sec.  28.16(b). The 
request should describe the types, sources, and estimated amount of 
such deposits and explain why the OCC should grant an exemption and how 
the exemption maintains and furthers the policies described in Sec.  
28.16(a).
    12 CFR 28.16(d) Deposit-Taking by an Uninsured Federal Branch--
Aggregation of Deposits. A foreign bank that has more than one Federal 
branch in the same state may aggregate deposits in all of its Federal 
branches in that state, but exclude deposits of other branches, 
agencies, or wholly owned subsidiaries of the bank. The Federal branch 
shall compute the average amount by using the sum of deposits as of the 
close of business of the last 30 calendar days ending with, and 
including, the last day of the calendar quarter, divided by 30. The 
Federal branch shall maintain records of the calculation until its next 
examination by the OCC.
    12 CFR 28.18(c)(1) Recordkeeping and Reporting--Maintenance of 
Accounts, Books, and Records. Each Federal branch or agency shall 
maintain a set of accounts and records reflecting its transactions that 
are separate from those of the foreign bank and any other branch or 
agency. The Federal branch or agency shall keep a set of accounts and 
records in English sufficient to permit the OCC to examine the 
condition of the Federal branch or agency and its compliance with 
applicable laws and regulations.
    12 CFR 28.20(a)(1) Maintenance of Assets--General Rule. The OCC may 
require a foreign bank to hold certain assets in the state in which its 
Federal branch or agency is located.
    12 CFR 28.22(e) Reports of Examination. The Federal branch or 
agency shall send the OCC certification that all of its Reports of 
Examination have been destroyed or return its Reports of Examination to 
the OCC.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 49.
    Estimated Total Annual Burden: 2,284.
    Frequency of Response: On occasion.
    Comments submitted in response to this notice will be summarized, 
included in the request for OMB approval, and 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.

    Dated: June 17, 2015.
Mary H. Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division.
[FR Doc. 2015-15292 Filed 6-19-15; 8:45 am]
BILLING CODE 4810-33-P

Federal Register / Vol. 80, No. 119 / Monday, June 22, 2015 / Notices 35735

commenter stated that the OCC should where possible, in order to decrease ADDRESSES: Because paper mail in the
provide a safety and soundness banks’ reporting burden. Washington, DC area and at the OCC is
justification for collecting very granular Comments continue to be invited on: subject to delay, commenters are
information, while asserting that (a) Whether the collection of encouraged to submit comments by
loan-level data contains the sensitive information is necessary for the proper email, if possible. Comments may be
personal information of borrowers. The performance of the functions of the sent to: Legislative and Regulatory
commenter believed that loan-level data OCC, including whether the information Activities Division, Office of the
is less secure and that the OCC should shall have practical utility; Comptroller of the Currency, Attention:
specify the controls that will ensure that (b) The accuracy of the OCC’s 1557–0102, 400 7th Street SW., Suite
the information is not improperly estimate of the burden of the collection 3E–218, Mail Stop 9W–11, Washington,
accessed or abused. In addition, the of information; DC 20219. In addition, comments may
commenter requested that monthly (c) Ways to enhance the quality, be sent by fax to (571) 465–4326 or by
submissions put national banks and utility, and clarity of the information to electronic mail to prainfo@occ.treas.gov.
Federal savings associations at a be collected; You may personally inspect and
competitive disadvantage with state- (d) Ways to minimize the burden of photocopy comments at the OCC, 400
chartered institutions, which are not the collection on respondents, including 7th Street SW., Washington, DC 20219.
subject to the same requirements. The through the use of automated collection For security reasons, the OCC requires
commenter noted that bank supervisors techniques or other forms of information that visitors make an appointment to
have historically monitored credit technology; and inspect comments. You may do so by
quality via regular onsite examinations (e) Estimates of capital or start-up calling (202) 649–6700. Upon arrival,
and the monitoring of trends in basic costs and costs of operation, visitors will be required to present valid
metrics such as the level of past due maintenance, and purchase of services government-issued photo identification
loans, nonaccrual loans, criticized and to provide information. and submit to security screening in
order to inspect and photocopy
classified loans, and troubled debt Dated: June 16, 2015.
comments.
restructurings. The commenter Stuart E. Feldstein, All comments received, including
suggested that the OCC provide an Director, Legislative and Regulatory Activities attachments and other supporting
explanation as to why these methods are Division. materials, are part of the public record
no longer sufficient without the [FR Doc. 2015–15245 Filed 6–19–15; 8:45 am] and subject to public disclosure. Do not
addition of the proposed collection of BILLING CODE 4810–33–P include any information in your
monthly loan-level data.
comment or supporting materials that
The request for copies of the data you consider confidential or
templates will be met by the DEPARTMENT OF THE TREASURY inappropriate for public disclosure.
Information Collection Request, which Additionally, please send a copy of
will be submitted to the Office of Office of the Comptroller of the
your comments by mail to: OCC Desk
Management and Budget and made Currency
Officer, 1557–0102, U.S. Office of
publicly available at www.reginfo.gov. Agency Information Collection Management and Budget, 725 17th
Banks generally use monthly data for Activities: Information Collection Street NW., #10235, Washington, DC
their own risk management and Renewal; Submission for OMB Review; 20503, or by email to: oira_submission@
reporting purposes. However, consistent International Regulation omb.eop.gov.
with the commenter’s suggestion, the FOR FURTHER INFORMATION CONTACT:
OCC is exploring collecting certain first AGENCY: Office of the Comptroller of the Shaquita Merritt, Clearance Officer,
lien mortgage data on a quarterly, rather Currency (OCC), Treasury. (202) 649–5490, for persons who are
than monthly basis. Based upon OCC’s ACTION: Notice and request for comment. deaf or hard of hearing, TTY, (202) 649–
supervisory experience and knowledge 5597, Legislative and Regulatory
of banks’ reporting capabilities, SUMMARY: The OCC, as part of its Activities Division, Office of the
collection of loan-level data, rather than continuing effort to reduce paperwork Comptroller of the Currency, 400 7th
pool-level data, is generally less and respondent burden, invites the Street SW., Suite 3E–218, Mail Stop
burdensome for banks. Additionally, the general public and other Federal 9W–11, Washington, DC 20219.
OCC is required by 12 U.S.C. 1715z–25 agencies to take this opportunity to SUPPLEMENTARY INFORMATION: The OCC
to report loan-level mortgage metrics comment on a continuing information is proposing to extend OMB approval of
data to Congress. It is not sufficient for collection, as required by the Paperwork the following information collection
the OCC to monitor the credit quality of Reduction Act of 1995 (PRA). without change:
first lien mortgages solely through on- In accordance with the requirements Title: International Regulation—Part
site examinations, rather than collecting of the PRA, the OCC may not conduct 28.
loan-level mortgage data. The loan-level or sponsor, and the respondent is not OMB Control No.: 1557–0102.
data collected is not linked with any required to respond to, an information Description: This submission covers
particular individual and is subject to collection unless it displays a currently an existing regulation and involves no
an information security program to valid Office of Management and Budget change to the regulation or to the
ensure its confidentiality. The OCC has (OMB) control number. information collection requirements.
worked with banks to develop a uniform The OCC is soliciting comment The OCC requests only that OMB extend
concerning renewal of its information
tkelley on DSK3SPTVN1PROD with NOTICES

set of loan-level mortgage data elements its approval of the information
for purposes of monitoring the systemic collection titled ‘‘International collection.
risk of the first-lien mortgage business to Regulation.’’ The OCC also is giving 12 CFR 28.3 Filing Requirements for
the banking industry. Finally, the OCC notice that it has sent the collection to Foreign Operations of a National
understands the commenter’s concerns OMB for review. Bank—Notice Requirement. A national
about duplication and is actively DATES: Comments must be received by bank shall notify the OCC when it files
exploring using the FRB’s FR Y–14 data, July 22, 2015. an application, notice, or report with the

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Document Created: 2018-02-22 11:13:57
Document Modified: 2018-02-22 11:13:57

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		Comments must be received by July 22, 2015.
Contact		Shaquita Merritt, 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 35735

80 FR 35735 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; International Regulation

DEPARTMENT OF THE TREASURYOffice of the Comptroller of the Currency

Federal Register Volume 80, Issue 119 (June 22, 2015)

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency