81 FR 24690 - Agency Information Collection Activities: Proposed Information Collection; Comment Request; Reduction of Permanent Capital Notice

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency

Federal Register Volume 81, Issue 80 (April 26, 2016)

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 new 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 a new information collection titled ``Reduction of Permanent Capital Notice.''

[Federal Register Volume 81, Number 80 (Tuesday, April 26, 2016)]
[Notices]
[Pages 24690-24691]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-09731]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Proposed Information 
Collection; Comment Request; Reduction of Permanent Capital Notice

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 new 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 a new information 
collection titled ``Reduction of Permanent Capital Notice.''

DATES: Comments must be received by June 27, 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-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 [email protected].

[[Page 24691]]

You may inspect and photocopy comments in person 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 a 
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, OCC Clearance 
Officer, at (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 
Office of Management and Budget (OMB) for each collection of 
information that 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 before submitting the 
collection to OMB for approval. To comply with this requirement, the 
OCC is publishing notice of the proposed collection of information set 
forth in this document.
    Description: Under 12 CFR 5.55, the OCC will review the information 
submitted by a Federal saving association in its application or notice 
requesting approval to issue a capital distribution to determine 
whether the Federal savings association's request is in accordance with 
existing statutory and regulatory criteria. In addition, the 
information provides the OCC with a mechanism for monitoring reductions 
in capital since these distributions may place the Federal savings 
association at risk.
    Title of Collection: Reduction of Permanent Capital Notice.
    OMB Control Number: 1557-NEW.
    Type of Review: New collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 2.
    Estimated Frequency of Response: On occasion.
    Estimated Total Burden: 40 minutes.
    Comments: We will summarize the comments that we receive and 
include them in our request for OMB approval. All comments will become 
a matter of public record. Comments are solicited on:
    (a) Whether the proposed collection of information is necessary for 
the proper performance of the functions of the OCC;
    (b) The accuracy of OCC's estimate of the burden of the proposed 
information collection;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the information collection on 
respondents, including through the use of information technology.

    Dated: April 21, 2016.
Mary Hoyle Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division.
[FR Doc. 2016-09731 Filed 4-25-16; 8:45 am]
 BILLING CODE 4810-33-P