80_FR_35858 80 FR 35739 - Agency Information Collection Activities: Proposed Information Collection; Submission for OMB Review; Domestic Credit Card Data

80 FR 35739 - Agency Information Collection Activities: Proposed Information Collection; Submission for OMB Review; Domestic Credit Card Data

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency

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

Page Range35739-35740
FR Document2015-15254

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 an 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 proposed information collection titled, ``Domestic Credit Card Data.'' The OCC also is giving notice that the collection has been submitted 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 35739-35740]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-15254]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Proposed Information 
Collection; Submission for OMB Review; Domestic Credit Card Data

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

ACTION: Notice and request for comment.

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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 an 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 proposed information 
collection titled, ``Domestic Credit Card Data.'' The OCC also is 
giving notice that the collection has been submitted to OMB for review.

DATES: You should submit written comments 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-NEW, 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 prainfo@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 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-NEW, U.S. Office of Management and Budget, 725 17th 
Street NW., #10235, Washington, DC 20503, or by email to: 
oira_submission@omb.eop.gov.

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 requesting approval on its 
proposed information collection.
    Title: Domestic Credit Card Data.
    OMB Control Number: To be assigned by OMB.
    Description This collection involves the provision of monthly 
comprehensive credit card account-level data to the OCC. The OCC 
requires this comprehensive credit card data to obtain a detailed 
picture of the activities of national bank credit card issuers. The 
scope of the credit card data includes domestic general purpose, 
private label, and business card portfolios (excluding corporate and 
government). Additionally, it includes credit bureau attributes at the 
account-level and portfolio-level data. The collection request covers 
all credit card receivables managed by the largest national banks 
credit card issuers and their subsidiaries. The credit card account-
level data requested uses common definitions and data elements for 
asset quality metrics (delinquencies, losses, etc.), forbearance 
activities, and segmentation by credit quality risk indicators (such as 
credit scores). The credit card portfolio-level data request uses 
common definitions and data elements for portfolio performance metrics 
not likely to be captured at the account level. The account-level data 
collection frequency is monthly with credit attributes collected 
quarterly; the portfolio-level data collection is quarterly using 
month-end data for each month in the quarter. The data is subject to an 
information security program to ensure its confidentiality.
    This collection supports OCC's efforts to perform risk-based 
supervision of large banks by enhancing its benchmarking and analytic 
capabilities. Comprehensive credit card data allows early warning 
analysis and benchmarking across the largest federally-regulated credit 
card issuers. A standard set of data elements and definitions allows 
sound conclusions to be drawn regarding the credit card industry. The 
data are important and necessary to support supervisory activities to 
ensure the safety and soundness of the federal banking system.
    Type of Review: Regular review.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 17 (16 institutions; 1 credit 
bureau).
    Estimated Annual Responses per Respondent: 12.
    Estimated Burden per Response: 430 hours.
    Estimated Total Annual Burden: 87,720 hours.
    An agency may not conduct or sponsor, and a respondent is not 
required to respond to, an information collection unless the 
information collection displays a currently valid OMB control number.
    The OCC issued a notice regarding this collection for 60 days of 
comment on September 5, 2014, (79 FR 53101). The OCC received two 
comments regarding the collection from two trade associations.
    One trade association recommended that the OCC: (a) Extend the 
comment period for the information collection; (b) publish a copy of 
the proposed

[[Page 35740]]

information collection; and (c) provide sufficient additional detail to 
permit informed comment.
    The other trade association acknowledged that, while the notice 
provided a general description of the data requested, it did not 
include the specific data templates. In addition, it was not clear to 
the commenter which national banks would be subject to the data 
collection, the timeframe for submission, and the effective date of the 
collection. The commenter also suggested that the data collection might 
duplicate data that banking organizations already are providing to the 
Federal Reserve Board (FRB) in connection with the FR Y-14 reporting 
requirements and pointed out that the potential for duplication is 
especially relevant to national banks that are the dominant subsidiary 
in a holding company structure. The commenter recommended coordination 
of the data collection with the FRB to minimize duplicative or 
divergent reporting requirements. The commenter suggested that the OCC 
consider accepting data currently submitted to the FRB in connection 
with the FR Y-14 in satisfaction of the data collection or work with 
the FRB to establish a single set of data with identical file layouts 
and definitions. The commenter also suggested, as an alternative, 
having the FRB add data elements to the FR Y-14 that designate whether 
a loan is part of the bank or a non-bank affiliate.
    The request to extend the existing comment period, publish a copy 
of the proposed collection, and provide sufficient additional detail to 
permit informed comment will be met by issuance of the 30-day notice 
and the Information Collection Request (ICR) submission to OMB. For 
example, the ICR will include a Supporting Statement and a copy of the 
field definitions for account-level data. Additional details requested 
by the commenters will be included in the Supporting Statement. 
Furthermore, the OCC is actively exploring use of the FRB's FR Y-14 
data, where possible, in order to decrease banks' reporting burden.
    One commenter also indicated that the legal authority permitting 
the OCC to collect this information and the purpose of the collection 
were not disclosed. Federal law provides the OCC with extensive 
authority to require records and information from national banks, 
Federal savings associations, and their subsidiaries.\1\ The purpose of 
the collection is required to be included in the Supporting Statement 
filed as part of the ICR.
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    \1\ See, e.g.,12 U.S.C. 481, 484, 1464(d)(1)(B).
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    The OCC understands the commenters concerns and will carefully 
consider all comments submitted in response to the 30-day notice.
    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 shall have 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 16, 2015.
Stuart E. Feldstein,
Director, Legislative and Regulatory Activities Division.
[FR Doc. 2015-15254 Filed 6-19-15; 8:45 am]
BILLING CODE 4810-33-P

Federal Register / Vol. 80, No. 119 / Monday, June 22, 2015 / Notices 35739 regarding the collection (80 FR 20074). that the collection has been submitted to corporate and government). No comments were received regarding OMB for review. Additionally, it includes credit bureau the information collection. One DATES: You should submit written attributes at the account-level and comment was received regarding comments by: July 22, 2015. portfolio-level data. The collection subordinated debt guidelines and ADDRESSES: Because paper mail in the request covers all credit card receivables rulemakings issued separately by the Washington, DC area and at the OCC is managed by the largest national banks OCC. The comment will be considered subject to delay, commenters are credit card issuers and their with regard to those issuances. encouraged to submit comments by subsidiaries. The credit card account- Comments continue to be invited on: email, if possible. Comments may be level data requested uses common (a) Whether the collections of sent to: Legislative and Regulatory definitions and data elements for asset information are necessary for the proper Activities Division, Office of the quality metrics (delinquencies, losses, performance of the OCC’s functions, Comptroller of the Currency, Attention: etc.), forbearance activities, and including whether the information has 1557–NEW, 400 7th Street SW., Suite segmentation by credit quality risk practical utility; 3E–218, Mail Stop 9W–11, Washington, indicators (such as credit scores). The (b) The accuracy of the OCC’s DC 20219. In addition, comments may credit card portfolio-level data request estimates of the burden of the be sent by fax to (571) 465–4326 or by uses common definitions and data information collections, including the electronic mail to prainfo@occ.treas.gov. elements for portfolio performance validity of the methodology and You may personally inspect and metrics not likely to be captured at the assumptions used; photocopy comments at the OCC, 400 account level. The account-level data (c) Ways to enhance the quality, 7th Street SW., Washington, DC 20219. collection frequency is monthly with utility, and clarity of the information to For security reasons, the OCC requires credit attributes collected quarterly; the be collected; and that visitors make an appointment to portfolio-level data collection is (d) Ways to minimize the burden of inspect comments. You may do so by quarterly using month-end data for each information collections on respondents, calling (202) 649–6700. Upon arrival, month in the quarter. The data is subject including through the use of automated visitors will be required to present valid to an information security program to collection techniques or other forms of government-issued photo identification ensure its confidentiality. information technology. and submit to security screening in This collection supports OCC’s efforts order to inspect and photocopy to perform risk-based supervision of Dated: June 17, 2015. large banks by enhancing its Mary H. Gottlieb, comments. All comments received, including benchmarking and analytic capabilities. Regulatory Specialist, Legislative and attachments and other supporting Comprehensive credit card data allows Regulatory Activities Division. early warning analysis and materials, are part of the public record [FR Doc. 2015–15297 Filed 6–19–15; 8:45 am] and subject to public disclosure. Do not benchmarking across the largest BILLING CODE 4810–33–P include any information in your federally-regulated credit card issuers. A comment or supporting materials that standard set of data elements and you consider confidential or definitions allows sound conclusions to DEPARTMENT OF THE TREASURY be drawn regarding the credit card inappropriate for public disclosure. Additionally, please send a copy of industry. The data are important and Office of the Comptroller of the necessary to support supervisory Currency your comments by mail to: OCC Desk Officer, 1557–NEW, U.S. Office of activities to ensure the safety and Agency Information Collection Management and Budget, 725 17th soundness of the federal banking Activities: Proposed Information Street NW., #10235, Washington, DC system. 20503, or by email to: oira_submission@ Type of Review: Regular review. Collection; Submission for OMB Affected Public: Businesses or other Review; Domestic Credit Card Data omb.eop.gov. for-profit. FOR FURTHER INFORMATION CONTACT: AGENCY: Office of the Comptroller of the Estimated Number of Respondents: 17 Shaquita Merritt, OCC Clearance (16 institutions; 1 credit bureau). Currency (OCC), Treasury. Officer, (202) 649–5490, for persons Estimated Annual Responses per ACTION: Notice and request for comment. who are deaf or hard of hearing, TTY, Respondent: 12. (202) 649–5597, Legislative and Estimated Burden per Response: 430 SUMMARY: The OCC, as part of its Regulatory Activities Division, Office of hours. continuing effort to reduce paperwork the Comptroller of the Currency, 400 7th Estimated Total Annual Burden: and respondent burden, invites the Street SW., Washington, DC 20219. 87,720 hours. general public and other Federal SUPPLEMENTARY INFORMATION: The OCC An agency may not conduct or agencies to take this opportunity to is requesting approval on its proposed sponsor, and a respondent is not comment on an information collection, information collection. required to respond to, an information as required by the Paperwork Reduction Title: Domestic Credit Card Data. collection unless the information Act of 1995 (PRA). OMB Control Number: To be assigned collection displays a currently valid In accordance with the requirements by OMB. OMB control number. of the PRA, the OCC may not conduct Description This collection involves The OCC issued a notice regarding or sponsor, and the respondent is not the provision of monthly this collection for 60 days of comment required to respond to, an information comprehensive credit card account-level on September 5, 2014, (79 FR 53101). tkelley on DSK3SPTVN1PROD with NOTICES collection unless it displays a currently data to the OCC. The OCC requires this The OCC received two comments valid Office of Management and Budget comprehensive credit card data to regarding the collection from two trade (OMB) control number. obtain a detailed picture of the activities associations. The OCC is soliciting comment of national bank credit card issuers. The One trade association recommended concerning its proposed information scope of the credit card data includes that the OCC: (a) Extend the comment collection titled, ‘‘Domestic Credit Card domestic general purpose, private label, period for the information collection; (b) Data.’’ The OCC also is giving notice and business card portfolios (excluding publish a copy of the proposed VerDate Sep<11>2014 17:45 Jun 19, 2015 Jkt 235001 PO 00000 Frm 00116 Fmt 4703 Sfmt 4703 E:\FR\FM\22JNN1.SGM 22JNN1

35740 Federal Register / Vol. 80, No. 119 / Monday, June 22, 2015 / Notices information collection; and (c) provide the Supporting Statement filed as part of DATES: You should submit written sufficient additional detail to permit the ICR. comments by July 22, 2015. informed comment. The OCC understands the ADDRESSES: Because paper mail in the The other trade association commenters concerns and will carefully Washington, DC area and at the OCC is acknowledged that, while the notice consider all comments submitted in subject to delay, commenters are provided a general description of the response to the 30-day notice. encouraged to submit comments by data requested, it did not include the Comments continue to be invited on: email, if possible. Comments may be (a) Whether the collection of sent to: Legislative and Regulatory specific data templates. In addition, it information is necessary for the proper Activities Division, Office of the was not clear to the commenter which performance of the functions of the Comptroller of the Currency, Attention: national banks would be subject to the OCC, including whether the information 1557–0205, 400 7th Street SW., Suite data collection, the timeframe for shall have practical utility; 3E–218, Mail Stop 9W–11, Washington, submission, and the effective date of the (b) The accuracy of the OCC’s DC 20219. In addition, comments may collection. The commenter also estimate of the burden of the collection be sent by fax to (571) 465–4326 or by suggested that the data collection might of information; duplicate data that banking electronic mail to prainfo@occ.treas.gov. (c) Ways to enhance the quality, You may personally inspect and organizations already are providing to utility, and clarity of the information to the Federal Reserve Board (FRB) in photocopy comments at the OCC, 400 be collected; 7th Street SW., Washington, DC 20219. connection with the FR Y–14 reporting (d) Ways to minimize the burden of requirements and pointed out that the For security reasons, the OCC requires the collection on respondents, including that visitors make an appointment to potential for duplication is especially through the use of automated collection relevant to national banks that are the inspect comments. You may do so by techniques or other forms of information calling (202) 649–6700. Upon arrival, dominant subsidiary in a holding technology; and company structure. The commenter visitors will be required to present valid (e) Estimates of capital or start-up recommended coordination of the data government-issued photo identification costs and costs of operation, collection with the FRB to minimize and submit to security screening in maintenance, and purchase of services duplicative or divergent reporting order to inspect and photocopy to provide information. requirements. The commenter suggested comments. that the OCC consider accepting data Dated: June 16, 2015. All comments received, including currently submitted to the FRB in Stuart E. Feldstein, attachments and other supporting connection with the FR Y–14 in Director, Legislative and Regulatory Activities materials, are part of the public record satisfaction of the data collection or Division. and subject to public disclosure. Do not work with the FRB to establish a single [FR Doc. 2015–15254 Filed 6–19–15; 8:45 am] include any information in your set of data with identical file layouts BILLING CODE 4810–33–P comment or supporting materials that and definitions. The commenter also you consider confidential or suggested, as an alternative, having the inappropriate for public disclosure. FRB add data elements to the FR Y–14 DEPARTMENT OF THE TREASURY Additionally, please send a copy of that designate whether a loan is part of your comments by mail to: OCC Desk the bank or a non-bank affiliate. Comptroller of the Currency Officer, 1557–0205, U.S. Office of The request to extend the existing Agency Information Collection Management and Budget, 725 17th comment period, publish a copy of the Activities: Information Collection Street NW., #10235, Washington, DC proposed collection, and provide Renewal; Submission for OMB Review; 20503, or by email to oira_submission@ sufficient additional detail to permit Investment Securities omb.eop.gov. informed comment will be met by FOR FURTHER INFORMATION CONTACT: issuance of the 30-day notice and the AGENCY: Office of the Comptroller of the Shaquita Merritt, Clearance Officer, Information Collection Request (ICR) Currency (OCC), Treasury. (202) 649–5490, for persons who are submission to OMB. For example, the ACTION: Notice and request for comment. deaf or hard of hearing, TTY, (202) 649– ICR will include a Supporting Statement 5597, Legislative and Regulatory SUMMARY: The OCC, as part of its Activities Division, Office of the and a copy of the field definitions for continuing effort to reduce paperwork Comptroller of the Currency, 400 7th account-level data. Additional details and respondent burden, invites the Street SW., Suite 3E–218, Mail Stop requested by the commenters will be general public and other Federal 9W–11, Washington, DC 20219. included in the Supporting Statement. agencies to take this opportunity to Furthermore, the OCC is actively SUPPLEMENTARY INFORMATION: The OCC comment on a continuing information exploring use of the FRB’s FR Y–14 is proposing to extend OMB approval, collection, as required by the Paperwork data, where possible, in order to without change, of the following Reduction Act of 1995 (PRA). decrease banks’ reporting burden. information collection: In accordance with the requirements One commenter also indicated that of the PRA, the OCC may not conduct Title: Investment Securities. the legal authority permitting the OCC or sponsor, and the respondent is not OMB Control No.: 1557–0205. to collect this information and the required to respond to, an information Description: This submission covers purpose of the collection were not collection unless it displays a currently an existing regulation and involves no disclosed. Federal law provides the OCC valid Office of Management and Budget change to the regulation or to the tkelley on DSK3SPTVN1PROD with NOTICES with extensive authority to require (OMB) control number. information collection requirements. records and information from national The OCC is soliciting comment The OCC requests only that OMB extend banks, Federal savings associations, and concerning renewal of its information its approval of the information their subsidiaries.1 The purpose of the collection titled, ‘‘Investment collection. collection is required to be included in Securities.’’ The OCC also is giving The information collection notice that it has sent the collection to requirements in 12 CFR part 1 are as 1 See, e.g.,12 U.S.C. 481, 484, 1464(d)(1)(B). OMB for review. follows: VerDate Sep<11>2014 17:45 Jun 19, 2015 Jkt 235001 PO 00000 Frm 00117 Fmt 4703 Sfmt 4703 E:\FR\FM\22JNN1.SGM 22JNN1


Document Created: 2018-02-22 11:13:57
Document Modified: 2018-02-22 11:13:57
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and request for comment.
DatesYou should submit written comments by: July 22, 2015.
ContactShaquita 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 Citation80 FR 35739 
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