80 FR 70880 - Agency Information Collection Activities: Information Collection Revision; Comment Request; Domestic First Lien Residential Mortgage Data
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 80, Issue 220 (November 16, 2015)
Office of the Comptroller of the Currency
Federal Register Volume 80, Issue 220 (November 16, 2015)
| Page Range | 70880-70881 | |
| FR Document | 2015-28896 |
[Federal Register Volume 80, Number 220 (Monday, November 16, 2015)] [Notices] [Pages 70880-70881] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-28896] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Revision; Comment Request; Domestic First Lien Residential Mortgage Data 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 revision to an information collection, as required by the Paperwork Reduction Act of 1995 (PRA). Under the PRA, Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of or revision to an existing collection of information, and to allow 60 days for public comment in response to the notice. In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and a 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 a revision to its information collection titled, ``Domestic First Lien Residential Mortgage Data.'' DATES: You should submit written comments by: January 15, 2016. 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: 1557-0331, 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 or, for persons who are deaf or hard of hearing, TTY, (202) 649-5597. 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. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer, (202) 649-5490 or, 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 OMB approval for the following information collection: Title: Domestic First Lien Residential Mortgage Data. OMB Control Number: 1557-0331. Description: Comprehensive mortgage data is vital to assessing and monitoring credit quality and loss mitigation activities in the residential mortgage market and the federal banking system. This data is important and necessary to support supervisory activities to ensure the safety and soundness of the federal banking system. The Dodd-Frank Wall Street Reform and Regulatory Improvement Act of 2010 requires that this data be collected. 12 U.S.C. 1715z-25. This data collection is being revised to include aggregate values to be calculated from data that is currently reported in loan level format. These aggregate values will be industry standard measures of portfolio performance, including but not limited to: Outstanding loan count and unpaid principal balance; delinquency and liquidation ratios; and the number of loss mitigation actions completed. Aggregate values generally will be reported at the total portfolio level, with some values also reported by portfolio segments including, but not limited to: borrower credit class and type and execution date of loss mitigation action. The reported data items will still be calculated from loan level data that includes: Bankruptcy or foreclosure status; and other detailed loan information. Banks would not be required to report this data to the OCC monthly, but would be required to provide it upon OCC's request. Type of Review: Regular review. Affected Public: Businesses or other for-profit. [[Page 70881]] Burden Estimate: Estimated Number of Respondents: 61. Estimated Annual Responses per Respondent: 12 per year. Estimated Burden per Response: 40 hours per month/per bank. Estimated Total Annual Burden: 29,280 hours. Comments submitted in response to this notice will be summarized and included in the request for OMB approval. All comments 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 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: November 9, 2015. Stuart E. Feldstein, Director, Legislative & Regulatory Activities Division. [FR Doc. 2015-28896 Filed 11-13-15; 8:45 am] BILLING CODE 4810-33-P
![70880 Federal Register / Vol. 80, No. 220 / Monday, November 16, 2015 / Notices
to measure the specific risk of certain DEPARTMENT OF THE TREASURY government-issued photo identification
covered positions. Section 3.208 and submit to security screening in
requires national banks and Federal Office of the Comptroller of the order to inspect and photocopy
savings associations to obtain prior Currency comments.
written OCC approval for incremental All comments received, including
risk modeling. Section 3.209(a) requires Agency Information Collection attachments and other supporting
prior OCC approval for the use of a Activities: Information Collection materials, are part of the public record
comprehensive risk measure. Section Revision; Comment Request; and subject to public disclosure. Do not
Domestic First Lien Residential include any information in your
3.209(c)(2) requires national banks and
Mortgage Data comment or supporting materials that
Federal savings associations to retain
and report the results of supervisory AGENCY: Office of the Comptroller of the you consider confidential or
stress testing. Section 3.210(f)(2)(i) Currency (OCC), Treasury. inappropriate for public disclosure.
requires national banks and Federal ACTION: Notice and request for comment. FOR FURTHER INFORMATION CONTACT:
savings associations to document an Shaquita Merritt, Clearance Officer,
internal analysis of the risk SUMMARY: The OCC, as part of its (202) 649–5490 or, for persons who are
characteristics of each securitization continuing effort to reduce paperwork deaf or hard of hearing, TTY, (202) 649–
position in order to demonstrate an and respondent burden, invites the 5597, Legislative and Regulatory
understanding of the position. Section general public and other Federal Activities Division, Office of the
3.212 requires quarterly quantitative agencies to take this opportunity to Comptroller of the Currency, 400 7th
disclosures, annual qualitative comment on a revision to an Street SW., Washington, DC 20219.
disclosures, and a formal disclosure information collection, as required by SUPPLEMENTARY INFORMATION: The OCC
policy approved by the board of the Paperwork Reduction Act of 1995 is requesting OMB approval for the
directors that addresses the approach for (PRA). following information collection:
Under the PRA, Federal agencies are Title: Domestic First Lien Residential
determining the market risk disclosures
required to publish notice in the Mortgage Data.
it makes.
Federal Register concerning each OMB Control Number: 1557–0331.
Type of Review: Regular. proposed collection of information, Description:
Affected Public: Businesses or other including each proposed extension of or Comprehensive mortgage data is vital
for-profit. revision to an existing collection of to assessing and monitoring credit
information, and to allow 60 days for quality and loss mitigation activities in
Number of Respondents: 13.
public comment in response to the the residential mortgage market and the
Estimated Burden per Respondent: notice. federal banking system. This data is
1,964 hours. In accordance with the requirements important and necessary to support
Total Estimated Annual Burden: of the PRA, the OCC may not conduct supervisory activities to ensure the
25,532 hours. or sponsor, and a respondent is not safety and soundness of the federal
required to respond to, an information banking system.
The OCC issued a notice for 60 days
collection unless it displays a currently The Dodd-Frank Wall Street Reform
of comment on August 10, 2015, 80 FR valid Office of Management and Budget
47987. No comments were received. and Regulatory Improvement Act of
(OMB) control number. The OCC is 2010 requires that this data be collected.
Comments continue to be invited on: soliciting comment concerning a 12 U.S.C. 1715z–25.
(a) Whether the collection of revision to its information collection This data collection is being revised
information is necessary for the proper titled, ‘‘Domestic First Lien Residential to include aggregate values to be
performance of the functions of the Mortgage Data.’’ calculated from data that is currently
OCC, including whether the information DATES: You should submit written reported in loan level format. These
has practical utility; comments by: January 15, 2016. aggregate values will be industry
(b) The accuracy of the OCC’s ADDRESSES: Because paper mail in the standard measures of portfolio
estimate of the burden of the collection Washington, DC area and at the OCC is performance, including but not limited
of information; subject to delay, commenters are to: Outstanding loan count and unpaid
(c) Ways to enhance the quality, encouraged to submit comments by principal balance; delinquency and
utility, and clarity of the information to email, if possible. Comments may be liquidation ratios; and the number of
be collected; sent to: Legislative and Regulatory loss mitigation actions completed.
Activities Division, Office of the Aggregate values generally will be
(d) Ways to minimize the burden of Comptroller of the Currency, Attention: reported at the total portfolio level, with
the collection on respondents, including 1557–0331, 400 7th Street SW., Suite some values also reported by portfolio
through the use of automated collection 3E–218, Mail Stop 9W–11, Washington, segments including, but not limited to:
techniques or other forms of information DC 20219. In addition, comments may borrower credit class and type and
technology; and be sent by fax to (571) 465–4326 or by execution date of loss mitigation action.
(e) Estimates of capital or start-up electronic mail to prainfo@occ.treas.gov. The reported data items will still be
costs and costs of operation, You may personally inspect and calculated from loan level data that
maintenance, and purchase of services photocopy comments at the OCC, 400 includes: Bankruptcy or foreclosure
to provide information. 7th Street SW., Washington, DC 20219. status; and other detailed loan
tkelley on DSK3SPTVN1PROD with NOTICES
For security reasons, the OCC requires information. Banks would not be
Dated: November 9, 2015.
that visitors make an appointment to required to report this data to the OCC
Mary H. Gottlieb, inspect comments. You may do so by monthly, but would be required to
Regulatory Specialist, Legislative and calling (202) 649–6700 or, for persons provide it upon OCC’s request.
Regulatory Activities Division. who are deaf or hard of hearing, TTY, Type of Review: Regular review.
[FR Doc. 2015–28914 Filed 11–13–15; 8:45 a.m.] (202) 649–5597. Upon arrival, visitors Affected Public: Businesses or other
BILLING CODE 4810–33–P will be required to present valid for-profit.
VerDate Sep<11>2014 19:47 Nov 13, 2015 Jkt 238001 PO 00000 Frm 00134 Fmt 4703 Sfmt 4703 E:\FR\FM\16NON1.SGM 16NON1](https://thefederalregister.org/doc/80_FR_71100/page/1.svg)
![Federal Register / Vol. 80, No. 220 / Monday, November 16, 2015 / Notices 70881
Burden Estimate: DEPARTMENT OF THE TREASURY movement fee is not a Treasury fee, but
Estimated Number of Respondents: is charged by the Federal Reserve for the
61. Fiscal Service cost of moving funds associated with
Estimated Annual Responses per the transfer of a Treasury book-entry
Respondent: 12 per year. Bureau of the Fiscal Service security. The two fees will result in a
Estimated Burden per Response: 40 combined fee of $0.92 for each transfer
Fee Schedule for the Transfer of U.S. of Treasury book-entry securities. The
hours per month/per bank.
Treasury Book-Entry Securities Held surcharge for an off-line Treasury book-
Estimated Total Annual Burden: on the National Book-Entry System
29,280 hours. entry securities transfer will remain at
Comments submitted in response to $50.00. Off-line refers to the sending
Authority: 31 CFR 357.45.
this notice will be summarized and and receiving of transfer messages to or
included in the request for OMB AGENCY: Bureau of the Fiscal Service, from a Federal Reserve Bank by means
approval. All comments become a Fiscal Service, Treasury. other than on-line access, such as by
matter of public record. Comments are ACTION: Notice. written, facsimile, or telephone voice
invited on: instruction. The basic transfer fee
SUMMARY: The Department of the assessed to both sends and receives is
(a) Whether the collection of Treasury (Treasury) is announcing a
information is necessary for the proper reflective of costs associated with the
new fee schedule applicable to transfers processing of securities transfers. The
performance of the functions of the of U.S. Treasury book-entry securities
OCC, including whether the information off-line surcharge reflects the additional
maintained on the National Book-Entry processing costs associated with the
shall have practical utility; System (NBES) that occur on or after
(b) The accuracy of the OCC’s manual processing of off-line securities
January 4, 2016. transfers.
estimate of the burden of the collection
DATES: Effective January 4, 2016.
of information; Treasury does not charge a fee for
FOR FURTHER INFORMATION CONTACT: account maintenance, the stripping and
(c) Ways to enhance the quality,
utility, and clarity of the information to Brandon Taylor or Janeene Wilson, reconstitution of Treasury securities, the
be collected; Bureau of the Fiscal Service, 202–504– wires associated with original issues, or
(d) Ways to minimize the burden of 3550. interest and redemption payments.
the collection on respondents, including SUPPLEMENTARY INFORMATION: Treasury Treasury currently absorbs these costs.
through the use of automated collection has established a fee structure for the
The fees described in this notice
techniques or other forms of information transfer of Treasury book-entry
apply only to the transfer of Treasury
technology; and securities maintained on NBES.
book-entry securities held on NBES.
(e) Estimates of capital or start-up Treasury reassesses this fee structure
periodically based on its review of the Information concerning fees for book-
costs and costs of operation, entry transfers of Government Agency
maintenance, and purchase of services latest book-entry costs and volumes.
For each transfer or reversal of securities, which are priced by the
to provide information. Federal Reserve, is set out in a separate
Treasury securities sent or received on
Dated: November 9, 2015. or after January 4, 2016, the basic fee Federal Register notice published by
Stuart E. Feldstein, will increase from $0.75 to $0.81. The the Federal Reserve.
Director, Legislative & Regulatory Activities Board of Governors of the Federal The following is the Treasury fee
Division. Reserve System (Federal Reserve) will schedule that will take effect on January
[FR Doc. 2015–28896 Filed 11–13–15; 8:45 am] maintain its fee for Federal Reserve 4, 2016, for book-entry transfers on
BILLING CODE 4810–33–P funds movement at $0.11. The funds NBES:
TREASURY—NBES FEE SCHEDULE—EFFECTIVE JANUARY 4, 2016
[In dollars]
Off-line Funds
Transfer type Basic fee Total fee
surcharge movement fee
On-line transfer originated ............................................................................... 0.81 N/A 0.11 0.92
On-line transfer received ................................................................................. 0.81 N/A 0.11 0.92
On-line reversal transfer originated ................................................................. 0.81 N/A 0.11 0.92
On-line reversal transfer received ................................................................... 0.81 N/A 0.11 0.92
Off-line transfer originated ............................................................................... 0.81 50.00 0.11 50.92
Off-line transfer received ................................................................................. 0.81 50.00 0.11 50.92
Off-line account switch received ...................................................................... 0.81 0.00 0.11 0.92
Off-line reversal transfer originated ................................................................. 0.81 50.00 0.11 50.92
Off-line reversal transfer received ................................................................... 0.81 50.00 0.11 50.92
Dated: October 22, 2015. DEPARTMENT OF THE TREASURY Notice and request for
ACTION:
David A. Lebryk, comments.
tkelley on DSK3SPTVN1PROD with NOTICES
Fiscal Assistant Secretary. Internal Revenue Service
[FR Doc. 2015–29194 Filed 11–13–15; 8:45 am]
SUMMARY: The Department of the
Proposed Collection; Comment Treasury, as part of its continuing effort
BILLING CODE 4810–AS–P
Request for Form 8611 to reduce paperwork and respondent
burden, invites the general public and
AGENCY: Internal Revenue Service (IRS), other Federal agencies to take this
Treasury. opportunity to comment on proposed
VerDate Sep<11>2014 19:47 Nov 13, 2015 Jkt 238001 PO 00000 Frm 00135 Fmt 4703 Sfmt 4703 E:\FR\FM\16NON1.SGM 16NON1](https://thefederalregister.org/doc/80_FR_71100/page/2.svg)
Document Created: 2015-12-14 14:13:11
Document Modified: 2015-12-14 14:13:11
| 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: January 15, 2016. | |
| Contact | Shaquita Merritt, Clearance Officer, (202) 649-5490 or, 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 70880 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR