80 FR 35740 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Investment Securities

DEPARTMENT OF THE TREASURY
Comptroller of the Currency

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

Page Range		35740-35741
FR Document		2015-15255

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.'' 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 35740-35741]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-15255]


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DEPARTMENT OF THE TREASURY

Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Submission for OMB Review; Investment Securities

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 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.'' The OCC also is giving 
notice that it has sent the collection 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: 1557-0205, 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 [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, 1557-0205, 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, 
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:

[[Page 35741]]

    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 a bank's investment is consistent with its investment authority 
under applicable law and does not pose unacceptable risk.
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    \1\ 15 U.S.C. 80a-3(c)(1).
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    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 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.
    The OCC published a 60-day Federal Register notice concerning this 
collection on April 14, 2015, (80 FR 20076). 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: June 17, 2015.
Mary H. Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division.
[FR Doc. 2015-15255 Filed 6-19-15; 8:45 am]
BILLING CODE 4810-33-P

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:

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Federal Register / Vol. 80, No. 119 / Monday, June 22, 2015 / Notices 35741

Under 12 CFR 1.3(h)(2), a national maintenance, and purchase of services the Committee charter and list of the
bank may request an OCC determination to provide information. current membership can be obtained by
that it may invest in an entity that is Dated: June 17, 2015. contacting Dr. Muralidhar.
exempt from registration under section Mary H. Gottlieb, SUPPLEMENTARY INFORMATION: The
3(c)(1) of the Investment Company Act Genomic Medicine Program Advisory
Regulatory Specialist, Legislative and
of 1940 1 if the portfolio of the entity Regulatory Activities Division. Committee was established by the
consists exclusively of assets that a Secretary of VA.
[FR Doc. 2015–15255 Filed 6–19–15; 8:45 am]
national bank may purchase and sell for VHA is requesting nominations for
BILLING CODE 4810–33–P
its own account. The OCC uses the two vacancies on the Committee. The
information contained in the request as Committee will be composed of
a basis for ensuring that a bank’s approximately 12 members. The
investment is consistent with its DEPARTMENT OF VETERANS
members of the Committee are
investment authority under applicable AFFAIRS
appointed by the Secretary and include,
law and does not pose unacceptable but are not limited to:
Solicitation of Nominations for
risk.
Appointment to the Genomic Medicine • Members of the medical and
Under 12 CFR 1.7(b), a national bank scientific communities representing
Program Advisory Committee
may request OCC approval to extend the disciplines such as, but not limited to,
five-year holding period for securities AGENCY: Department of Veterans Affairs. medical genetics, genomic technologies,
held in satisfaction of debts previously ACTION: Notice. bioinformatics, computation, statistical
contracted (DPC) for up to an additional genetics, and genomic policy.
five years. The bank must provide a SUMMARY: The Department of Veterans To the extent possible, the Secretary
clearly convincing demonstration of Affairs (VA), Veterans Health seeks members who have diverse
why any additional holding period is Administration (VHA), is seeking professional and personal qualifications.
needed. The OCC uses the information nominations of qualified candidates to We ask that nominations include
in the request to ensure, on a case-by- be considered for appointment as a information of this type so that VA can
case basis, that the bank’s purpose in member of the Genomic Medicine ensure a balanced Committee
retaining the securities is not Program Advisory Committee membership.
speculative and that the bank’s reasons (hereinafter referred to as ‘‘the Individuals appointed to the
for requesting the extension are Committee’’). The Committee was Committee by the Secretary shall be
adequate. The OCC also uses the established by the Secretary of the VA invited to serve a two- or three-year
information to evaluate the risks to the pursuant to the provisions of the term. The Secretary may reappoint a
bank of extending the holding period, Federal Advisory Committee Act, as member for an additional term of
including potential effects on the bank’s amended, 5 U.S.C. Appendix 2, to service. Committee members will
safety and soundness. advise the Secretary with respect to the receive travel expenses and a per diem
Type of Review: Extension of a development of a world-class genomic allowance for any travel made in
currently approved collection. medicine program within the connection with duties as members of
Affected Public: Businesses or other Department, including policies to the Committee and within federal travel
for-profit. collect and utilize both genetic and guidelines.
Estimated Number of Respondents: other medical information to promote Requirements for Nomination
25. optimal medical care and research that Submission: Nominations should be
Estimated Total Annual Burden: 460 contribute to the knowledge of diseases typed (one nomination per nominator).
hours. prevalent in Veterans. The Committee Nomination package should include: (1)
Frequency of Response: On occasion. will be guided by the goal of using A letter of nomination that clearly states
The OCC published a 60-day Federal genetic information to optimize clinical the name and affiliation of the nominee,
Register notice concerning this care of Veterans, and enhance the study the basis for the nomination (i.e.,
collection on April 14, 2015, (80 FR and development of diagnostic tests and specific attributes which qualify the
20076). No comments were received. treatments for diseases of particular nominee for service in this capacity),
Comments continue to be invited on: relevance to Veterans. Nominations of and a statement from the nominee
(a) Whether the collection of qualified candidates in the area of indicating the willingness to serve as a
information is necessary for the proper genomic medicine from healthcare, member of the Committee; (2) the
performance of the functions of the academia, and/or other government nominee’s contact information,
OCC, including whether the information agencies are being sought to fill including name, mailing address,
has practical utility; vacancies on the Committee. telephone numbers, and email address;
(b) The accuracy of the OCC’s DATES: Nominations for membership on (3) the nominee’s curriculum vitae (if
estimate of the burden of the collection the Committee must be received no later applicable); (4) a summary of the
of information; than 5:00 p.m. EDT on July 15, 2015. nominee’s experience and qualifications
(c) Ways to enhance the quality, ADDRESSES: All nominations should be relative to the membership
utility, and clarity of the information to mailed to Veterans Health considerations described above; and (5)
be collected; Administration, Department of Veterans a statement confirming that he/she is
(d) Ways to minimize the burden of Affairs, 810 Vermont Ave. NW. (10P9B), not a federally-registered lobbyist.
the collection on respondents, including Attention: Sumitra Muralidhar; VA makes every effort to ensure that
tkelley on DSK3SPTVN1PROD with NOTICES

through the use of automated collection Washington, DC 20420, or emailed to the membership of VA Federal advisory
techniques or other forms of information Sumitra.muralidhar@va.gov. committees is fairly balanced in terms of
technology; and FOR FURTHER INFORMATION CONTACT: Dr. points of view represented and the
(e) Estimates of capital or start-up Sumitra Muralidhar, Designated Federal committee’s function. Appointments to
costs and costs of operation, Officer, Genomic Medicine Program this Committee shall be made without
Advisory Committee, or by email at discrimination based on a person’s race,
1 15 U.S.C. 80a–3(c)(1). Sumitra.muralidhar@va.gov. A copy of color, religion, sex, sexual orientation,

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Document Created: 2018-02-22 11:13:34
Document Modified: 2018-02-22 11:13:34

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 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 35740

80 FR 35740 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Investment Securities

DEPARTMENT OF THE TREASURYComptroller of the Currency

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

DEPARTMENT OF THE TREASURY
Comptroller of the Currency