81 FR 19288 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; Lending Limits
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 81, Issue 64 (April 4, 2016)
Office of the Comptroller of the Currency
Federal Register Volume 81, Issue 64 (April 4, 2016)
| Page Range | 19288-19289 | |
| FR Document | 2016-07597 |
[Federal Register Volume 81, Number 64 (Monday, April 4, 2016)] [Notices] [Pages 19288-19289] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-07597] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Comment Request; Lending Limits 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 comment on the renewal of an information collection, as required by the Paperwork Reduction Act of 1995 (PRA). An agency 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 renewal of its information collection titled, ``Lending Limits.'' DATES: Comments must be submitted by June 3, 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: 1557-0221, 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 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: Under the PRA (44 U.S.C. 3501-3520), Federal agencies must obtain approval from the OMB for each collection of information they conduct or sponsor. ``Collection of information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency requests or requirements that members of the public submit reports, keep records, or provide information to a third party. Section 3506(c)(2)(A) of the PRA (44 U.S.C. 3506(c)(2)(A)) requires Federal agencies to provide a 60-day notice in the Federal Register concerning each proposed collection of information, including each proposed extension of an existing collection of information, before submitting the collection to OMB for approval. To comply with this requirement, the OCC is publishing notice of the renewal of the collection of information set forth in this document. Title: Lending Limits. OMB Control No.: 1557-0221 (12 CFR 32.7) (Merging in 1557-0317 (12 CFR 32.7)). Affected Public: Businesses or other for-profit. Type of Review: Extension of a currently approved collection. Abstract: 12 CFR 32.7(a) provides that, in addition to the amount that a national bank or savings association may lend to one borrower under 12 CFR 32.3, an eligible national bank or savings association may make:Residential real estate loans or extensions of credit to one borrower in the lesser of the following two amounts: 10 percent of its capital and surplus; or the percent of its capital and surplus, in excess of 15 percent, that a State bank or savings association is permitted to lend under the State lending limit that is available for residential real estate loans or unsecured loans in the state where the main office of the national bank or savings association is located; Small business loans or extensions of credit to one borrower in the lesser of the following two amounts: 10 percent of its capital and surplus; or the percent of its capital and surplus, in excess of 15 percent, that a State bank is permitted to lend under the state lending limit that is available for small business loans or unsecured loans in the state where the main office of the national bank or home office of the savings association is located; and Small farm loans or extensions of credit to one borrower in the lesser of the following two amounts: 10 percent of its capital and surplus; or the percent of its capital and surplus, in excess of 15 percent, that a State bank or savings association is permitted to lend under the State lending limit that is available for small farm loans or unsecured loans in the State where the main office of the national bank or savings association is located. An eligible national bank or savings association must submit an application to, and receive approval from, its supervisory office before using the supplemental lending limits in Sec. 32.7(a). The supervisory office may approve a completed application if it finds that approval is consistent with safety and soundness. Section 32.7(b) provides that the application must include: (1) Certification that the national bank or savings association is an eligible bank or eligible savings association; (2) Citations to relevant State laws or regulations; (3) A copy of a written resolution by a majority of the bank's or savings association's board of directors approving the use of the limits, and confirming the terms and conditions for use of this lending authority; and (4) A description of how the board will exercise its continuing [[Page 19289]] responsibility to oversee the use of this lending authority. 12 CFR 32.9(b) provides national banks and savings associations with three alternative methods for calculating the credit exposure of derivative transactions other than credit derivatives (the Internal Model Method, the Conversion Factor Matrix Method, and the Remaining Maturity Method) and two alternative methods for calculating such exposure for securities financing transactions. The OCC provided these models to reduce the practical burden of such calculations, particularly for small and mid-size banks and savings associations. Under 12 CFR 32.9(b)(1)(i)(C)(1), the use of a model (other than the model approved for purposes of the Advanced Measurement Approach in the capital rules) must be approved by the OCC specifically for part 32 purposes and must be approved in writing. If a national bank or Federal savings association proposes to use an internal model that has been approved by the OCC for purposes of the Advanced Measurement Approach, the institution must provide prior written notification to the OCC prior to use of the model for lending limits purposes. OCC approval also is required before substantive revisions are made to a model that is used for lending limits purposes. Estimated Number of Respondents: 295. Estimated Annual Burden: 1,958 hours. All comments will be considered in formulating the subsequent submission 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 information collection burden; (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: March 29, 2016. Mary Hoyle Gottlieb, Regulatory Specialist, Legislative and Regulatory Activities Division. [FR Doc. 2016-07597 Filed 4-1-16; 8:45 am] BILLING CODE 4810-33-P
![19288 Federal Register / Vol. 81, No. 64 / Monday, April 4, 2016 / Notices
Estimated Annual Burden: 131 hours. subject to delay, commenters are Affected Public: Businesses or other
Comments: All comments will be encouraged to submit comments by for-profit.
considered in formulating the email, if possible. Comments may be Type of Review: Extension of a
subsequent submission and become a sent to: Legislative and Regulatory currently approved collection.
matter of public record. Comments are Activities Division, Office of the Abstract: 12 CFR 32.7(a) provides
invited on: Comptroller of the Currency, Attention: that, in addition to the amount that a
(a) Whether the collection of 1557–0221, 400 7th Street SW., Suite national bank or savings association
information is necessary for the proper 3E–218, Mail Stop 9W–11, Washington, may lend to one borrower under 12 CFR
performance of the functions of the DC 20219. In addition, comments may 32.3, an eligible national bank or
OCC, including whether the information be sent by fax to (571) 465–4326 or by savings association may make:
has practical utility; electronic mail to regs.comments@ • Residential real estate loans or
(b) The accuracy of the OCC’s occ.treas.gov. You may personally extensions of credit to one borrower in
estimate of the information collection inspect and photocopy comments at the the lesser of the following two amounts:
burden; OCC, 400 7th Street SW., Washington, 10 percent of its capital and surplus; or
(c) Ways to enhance the quality, DC 20219. For security reasons, the OCC the percent of its capital and surplus, in
utility, and clarity of the information to requires that visitors make an excess of 15 percent, that a State bank
be collected; appointment to inspect comments. You or savings association is permitted to
(d) Ways to minimize the burden of may do so by calling (202) 649–6700 or, lend under the State lending limit that
the collection on respondents, including for persons who are deaf or hard of is available for residential real estate
through the use of automated collection hearing, TTY, (202) 649–5597. Upon loans or unsecured loans in the state
techniques or other forms of information arrival, visitors will be required to where the main office of the national
technology; and present valid government-issued photo bank or savings association is located;
(e) Estimates of capital or start-up identification and submit to security • Small business loans or extensions
costs and costs of operation, screening in order to inspect and of credit to one borrower in the lesser
maintenance, and purchase of services photocopy comments. of the following two amounts: 10
to provide information. All comments received, including percent of its capital and surplus; or the
Dated: March 29, 2016. attachments and other supporting percent of its capital and surplus, in
Mary Hoyle Gottlieb, materials, are part of the public record excess of 15 percent, that a State bank
and subject to public disclosure. Do not is permitted to lend under the state
Regulatory Specialist, Legislative and
Regulatory Activities Division. include any information in your lending limit that is available for small
comment or supporting materials that business loans or unsecured loans in the
[FR Doc. 2016–07592 Filed 4–1–16; 8:45 am]
you consider confidential or state where the main office of the
BILLING CODE 4810–33–P
inappropriate for public disclosure. national bank or home office of the
FOR FURTHER INFORMATION CONTACT:
savings association is located; and
• Small farm loans or extensions of
DEPARTMENT OF THE TREASURY Shaquita Merritt, Clearance Officer,
credit to one borrower in the lesser of
(202) 649–5490 or, for persons who are
Office of the Comptroller of the the following two amounts: 10 percent
deaf or hard of hearing, TTY, (202) 649–
Currency of its capital and surplus; or the percent
5597, Legislative and Regulatory
of its capital and surplus, in excess of
Activities Division, Office of the
Agency Information Collection 15 percent, that a State bank or savings
Comptroller of the Currency, 400 7th
Activities: Information Collection association is permitted to lend under
Street SW., Washington, DC 20219.
Renewal; Comment Request; Lending the State lending limit that is available
SUPPLEMENTARY INFORMATION: Under the for small farm loans or unsecured loans
Limits
PRA (44 U.S.C. 3501–3520), Federal in the State where the main office of the
AGENCY: Office of the Comptroller of the agencies must obtain approval from the national bank or savings association is
Currency (OCC), Treasury. OMB for each collection of information located.
ACTION: Notice and request for comment. they conduct or sponsor. ‘‘Collection of An eligible national bank or savings
information’’ is defined in 44 U.S.C. association must submit an application
SUMMARY: The OCC, as part of its 3502(3) and 5 CFR 1320.3(c) to include to, and receive approval from, its
continuing effort to reduce paperwork agency requests or requirements that supervisory office before using the
and respondent burden, invites the members of the public submit reports, supplemental lending limits in § 32.7(a).
general public and other Federal keep records, or provide information to The supervisory office may approve a
agencies to comment on the renewal of a third party. Section 3506(c)(2)(A) of completed application if it finds that
an information collection, as required the PRA (44 U.S.C. 3506(c)(2)(A)) approval is consistent with safety and
by the Paperwork Reduction Act of 1995 requires Federal agencies to provide a soundness. Section 32.7(b) provides that
(PRA). 60-day notice in the Federal Register
An agency may not conduct or the application must include:
concerning each proposed collection of (1) Certification that the national bank
sponsor, and a respondent is not information, including each proposed or savings association is an eligible bank
required to respond to, an information extension of an existing collection of or eligible savings association;
collection unless it displays a currently information, before submitting the (2) Citations to relevant State laws or
valid Office of Management and Budget collection to OMB for approval. To regulations;
(OMB) control number.
mstockstill on DSK4VPTVN1PROD with NOTICES
comply with this requirement, the OCC (3) A copy of a written resolution by
The OCC is soliciting comment is publishing notice of the renewal of a majority of the bank’s or savings
concerning renewal of its information the collection of information set forth in association’s board of directors
collection titled, ‘‘Lending Limits.’’ this document. approving the use of the limits, and
DATES: Comments must be submitted by Title: Lending Limits. confirming the terms and conditions for
June 3, 2016. OMB Control No.: 1557–0221 (12 CFR use of this lending authority; and
ADDRESSES: Because paper mail in the 32.7) (Merging in 1557–0317 (12 CFR (4) A description of how the board
Washington, DC area and at the OCC is 32.7)). will exercise its continuing
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![Federal Register / Vol. 81, No. 64 / Monday, April 4, 2016 / Notices 19289
responsibility to oversee the use of this DEPARTMENT OF THE TREASURY materials, are part of the public record
lending authority. and subject to public disclosure. Do not
12 CFR 32.9(b) provides national Office of the Comptroller of the enclose any information in your
banks and savings associations with Currency comment or supporting materials that
three alternative methods for calculating you consider confidential or
the credit exposure of derivative Agency Information Collection inappropriate for public disclosure.
transactions other than credit Activities: Information Collection
FOR FURTHER INFORMATION CONTACT:
derivatives (the Internal Model Method, Renewal; Comment Request;
Shaquita Merritt, OCC Clearance
the Conversion Factor Matrix Method, Community and Economic
Officer, (202) 649–5490 or, for persons
and the Remaining Maturity Method) Development Entities, Community
who are deaf or hard of hearing, TTY,
and two alternative methods for Development Projects, and Other
(202) 649–5597, Legislative and
calculating such exposure for securities Public Welfare Investments
Regulatory Activities Division, Office of
financing transactions. The OCC AGENCY: Office of the Comptroller of the the Comptroller of the Currency, 400 7th
provided these models to reduce the Currency (OCC), Treasury. Street SW., Suite 3E–218, Mail Stop
practical burden of such calculations, 9W–11, Washington, DC 20219.
ACTION: Notice and request for comment.
particularly for small and mid-size
SUPPLEMENTARY INFORMATION: Under the
banks and savings associations. SUMMARY: The OCC, as part of its
Under 12 CFR 32.9(b)(1)(i)(C)(1), the PRA (44 U.S.C. 3501–3520), Federal
continuing effort to reduce paperwork agencies must obtain approval from
use of a model (other than the model and respondent burden, invites the
approved for purposes of the Advanced OMB for each collection of information
general public and other Federal they conduct or sponsor. ‘‘Collection of
Measurement Approach in the capital agencies to take this opportunity to
rules) must be approved by the OCC information’’ is defined in 44 U.S.C.
comment on a continuing information 3502(3) and 5 CFR 1320.3(c) to include
specifically for part 32 purposes and collection, as required by the Paperwork
must be approved in writing. If a agency requests or requirements that
Reduction Act of 1995 (PRA). members of the public submit reports,
national bank or Federal savings An agency may not conduct or
association proposes to use an internal keep records, or provide information to
sponsor, and a respondent is not a third party. Section 3506(c)(2)(A) of
model that has been approved by the required to respond to, an information
OCC for purposes of the Advanced the PRA (44 U.S.C. 3506(c)(2)(A))
collection unless it displays a currently requires Federal agencies to provide a
Measurement Approach, the institution valid Office of Management and Budget
must provide prior written notification 60-day notice in the Federal Register
(OMB) control number. concerning each proposed collection of
to the OCC prior to use of the model for The OCC is soliciting comment
lending limits purposes. OCC approval information, including each proposed
concerning its information collection extension of an existing collection of
also is required before substantive titled, ‘‘Community and Economic
revisions are made to a model that is information, before submitting the
Development Entities, Community collection to OMB for approval. To
used for lending limits purposes. Development Projects, and Other Public
Estimated Number of Respondents: comply with this requirement, the OCC
Welfare Investments,’’ under 12 CFR 24 is publishing notice of the proposed
295.
Estimated Annual Burden: 1,958 (‘‘Part 24’’). collection of information set forth in
hours. DATES: Comments must be submitted on this document.
All comments will be considered in or before June 3, 2016. The OCC is proposing to extend the
formulating the subsequent submission ADDRESSES: Because paper mail in the following information collection:
and become a matter of public record. Washington, DC area and at the OCC is Title: Community and Economic
Comments are invited on: subject to delay, commenters are Development Entities, Community
(a) Whether the collection of encouraged to submit comments by Development Projects, and Other Public
information is necessary for the proper email, if possible. Comments may be Welfare Investments.
performance of the functions of the sent to: Legislative and Regulatory OMB Control No.: 1557–0194.
OCC, including whether the information Activities Division, Office of the Description: This submission covers
has practical utility; Comptroller of the Currency, Attention: an existing regulation and revisions to
(b) The accuracy of the OCC’s 1557–0194, 400 7th Street SW., Suite the Part 24, CD–1, National Bank
estimate of the information collection 3E–218, Mail Stop 9W–11, Washington, Community Development Investments
burden; DC 20219. In addition, comments may form contained in the regulation,
(c) Ways to enhance the quality, be sent by fax to (571) 465–4326 or by pursuant to which a national bank may
utility, and clarity of the information to electronic mail to regs.comments@ notify the OCC, or request OCC
be collected; occ.treas.gov. You may personally approval, of certain community
(d) Ways to minimize the burden of inspect and photocopy comments at the development investments.
the collection on respondents, including OCC, 400 7th Street SW., Washington, Section 24.5(a) provides that an
through the use of automated collection DC 20219. For security reasons, the OCC eligible national bank may make an
techniques or other forms of information investment without prior notification to,
requires that visitors make an
technology; and or approval by, the OCC if the bank
appointment to inspect comments. You
(e) Estimates of capital or start-up
may do so by calling (202) 649–6700 or, submits an after-the-fact notification of
costs and costs of operation,
for persons who are deaf or hard of an investment within 10 days of making
maintenance, and purchase of services
mstockstill on DSK4VPTVN1PROD with NOTICES
hearing, TTY, (202) 649–5597. Upon the investment.
to provide information.
arrival, visitors will be required to Section 24.4(a) provides that a
Dated: March 29, 2016. present valid government-issued photo national bank may submit a written
Mary Hoyle Gottlieb, identification and to submit to security request or letter to the OCC to exceed
Regulatory Specialist, Legislative and screening in order to inspect and the five percent limit for its aggregate,
Regulatory Activities Division. photocopy comments. outstanding investments. The OCC may
[FR Doc. 2016–07597 Filed 4–1–16; 8:45 am] All comments received, including grant permission to the bank to make
BILLING CODE 4810–33–P attachments and other supporting subsequent public welfare investments
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Document Created: 2016-04-02 03:53:31
Document Modified: 2016-04-02 03:53:31
| 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 submitted by June 3, 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 | 81 FR 19288 |
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