81 FR 3237 - Agency Information Collection Activities; Information Collection Renewal; Comment Request; Securities Exchange Act Disclosure Rules and Securities of Federal Savings Associations
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 81, Issue 12 (January 20, 2016)
Office of the Comptroller of the Currency
Federal Register Volume 81, Issue 12 (January 20, 2016)
| Page Range | 3237-3238 | |
| FR Document | 2016-00883 |
[Federal Register Volume 81, Number 12 (Wednesday, January 20, 2016)] [Notices] [Pages 3237-3238] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-00883] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities; Information Collection Renewal; Comment Request; Securities Exchange Act Disclosure Rules and Securities of Federal Savings Associations 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 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 respondents are 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 the renewal of its information collection titled, ``Securities Exchange Act Disclosure Rules and Securities of Federal Savings Associations.'' DATES: Comments must be received by March 21, 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: 1557-0106, 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 proposed [[Page 3238]] collection of information set forth in this document. The OCC is proposing to extend OMB approval of the following information collection: Title: Securities Exchange Act Disclosure Rules and Securities of Federal Savings Associations. OMB Control No.: 1557-0106. 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 approve its revised estimates. The Securities and Exchange Commission (SEC) is required by statute to collect, in accordance with its regulations, certain information and documents from any firm that is required to register its stock with the SEC.\1\ Federal law requires the OCC to apply similar regulations to any national bank or Federal savings association similarly required to be registered (those with a class of equity securities held by 2,000 or more shareholders).\2\ --------------------------------------------------------------------------- \1\ 15 U.S.C. 78m(a)(1). \2\ 15 U.S.C. 78l(i). --------------------------------------------------------------------------- 12 CFR part 11 ensures that a national bank or Federal savings association whose securities are subject to registration provides adequate information about its operations to current and potential shareholders, depositors, and the public. The OCC reviews the information to ensure that it complies with Federal law and makes public all information required to be filed under the rule. Investors, depositors, and the public use the information to make informed investment decisions. Type of Review: Extension of a currently approved collection. Affected Public: Individuals; Businesses or other for-profit. Frequency of Response: On occasion. Estimated Number of Respondents: 10. Estimated Total Annual Burden: 116. Comments submitted in response to this notice will be summarized and included in the submission to OMB. Comments are requested on: (a) Whether the information collections are necessary for the proper performance of the OCC's functions, including whether the information has practical utility; (b) The accuracy of the OCC's estimates of the burden of the information collections, including the validity of the methodology and assumptions used; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of information collections 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: January 13, 2016. Mary H. Gottlieb, Regulatory Specialist, Office of the Comptroller of the Currency. [FR Doc. 2016-00883 Filed 1-19-16; 8:45 am] BILLING CODE 4810-33-P
![Federal Register / Vol. 81, No. 12 / Wednesday, January 20, 2016 / Notices 3237
period. Section 23.4(c) requires a Comments submitted in response to Securities of Federal Savings
national bank seeking an extension to this notice will be summarized and Associations.’’
provide a clearly convincing included in the submission to OMB. DATES: Comments must be received by
demonstration as to why any additional Comments are requested on: March 21, 2016.
holding period is necessary. In addition, (a) Whether the information
ADDRESSES: Because paper mail in the
a national bank must value off-lease collections are necessary for the proper
Washington, DC area and at the OCC is
property at the lower of current fair performance of the OCC’s functions, subject to delay, commenters are
market value or book value promptly including whether the information has encouraged to submit comments by
after the property comes off-lease. These practical utility; email, if possible. Comments may be
requirements enable the OCC to ensure (b) The accuracy of the OCC’s
sent to: Legislative and Regulatory
that a national bank is not holding the estimates of the burden of the Activities Division, Office of the
property for speculative reasons and information collections, including the Comptroller of the Currency, Attention:
that the value of the property is validity of the methodology and 1557–0106, 400 7th Street SW., Suite
recorded in accordance with generally assumptions used; 3E–218, mail stop 9W–11, Washington,
accepted accounting principles (GAAP). (c) Ways to enhance the quality, DC 20219. In addition, comments may
Under 12 CFR 23.6, leases are subject utility, and clarity of the information to be sent by fax to (571) 465–4326 or by
to the lending limits prescribed by 12 be collected; electronic mail to prainfo@occ.treas.gov.
U.S.C. 84, as implemented by 12 CFR (d) Ways to minimize the burden of
You may personally inspect and
part 32, or, if the lessee is an affiliate of information collections on respondents, photocopy comments at the OCC, 400
the national bank, to the restrictions on including through the use of automated 7th Street SW., Washington, DC 20219.
transactions with affiliates prescribed by collection techniques or other forms of For security reasons, the OCC requires
12 U.S.C. 371c and 371c–1. Twelve information technology; and that visitors make an appointment to
U.S.C. 24 contains two separate (e) Estimates of capital or start up inspect comments. You may do so by
provisions authorizing a national bank costs and costs of operation, calling (202) 649–6700 or, for persons
to acquire personal property for maintenance, and purchase of services who are deaf or hard of hearing, TTY,
purposes of lease financing. Twelve to provide information. (202) 649–5597. Upon arrival, visitors
U.S.C. 24(Seventh) authorizes leases of Dated: January 13, 2016. will be required to present valid
personal property (Section 24(Seventh) Mary H. Gottlieb, government-issued photo identification
Leases) if the lease is a conforming lease Regulatory Specialist, Legislative and and submit to security screening in
as defined in 12 CFR 23.2(d)(2) and Regulatory Activities Division. order to inspect and photocopy
represents a noncancelable obligation of [FR Doc. 2016–00884 Filed 1–19–16; 8:45 am] comments.
the lessee (i.e., the lease serves as the BILLING CODE 4810–33–P
All comments received, including
functional equivalent of a loan). See 12 attachments and other supporting
CFR 23.20. A national bank also may materials, are part of the public record
acquire personal property for purposes DEPARTMENT OF THE TREASURY and subject to public disclosure. Do not
of lease financing under the authority of include any information in your
12 U.S.C. 24(Tenth) (CEBA Leases). Office of the Comptroller of the comment or supporting materials that
Section 23.5 requires that if a national Currency you consider confidential or
bank enters into both types of leases, its inappropriate for public disclosure.
records must distinguish between the Agency Information Collection FOR FURTHER INFORMATION CONTACT:
two types of leases. This information is Activities; Information Collection Shaquita Merritt, Clearance Officer,
required to establish that the national Renewal; Comment Request; (202) 649–5490 or, for persons who are
bank is complying with the limitations Securities Exchange Act Disclosure deaf or hard of hearing, TTY, (202) 649–
and requirements applicable to the two Rules and Securities of Federal 5597, Legislative and Regulatory
types of leases. Savings Associations Activities Division, Office of the
National banks use the information to AGENCY: Office of the Comptroller of the Comptroller of the Currency, 400 7th
ensure their compliance with applicable Currency (OCC), Treasury. Street SW., Washington, DC 20219.
Federal banking law and regulations SUPPLEMENTARY INFORMATION: Under the
ACTION: Notice and request for comment.
and accounting principles. The OCC PRA (44 U.S.C. 3501–3520), Federal
uses the information in conducting SUMMARY: The OCC, as part of its agencies must obtain approval from the
examinations and as an auditing tool to continuing effort to reduce paperwork OMB for each collection of information
verify compliance with laws and and respondent burden, invites the they conduct or sponsor. ‘‘Collection of
regulations. In addition, the OCC uses general public and other Federal information’’ is defined in 44 U.S.C.
national bank requests for permission to agencies to take this opportunity to 3502(3) and 5 CFR 1320.3(c) to include
extend the holding period for off-lease comment on a continuing information Agency requests or requirements that
property to ensure national bank collection, as required by the Paperwork members of the public submit reports,
compliance with relevant laws and Reduction Act of 1995 (PRA). keep records, or provide information to
regulations and to ensure bank safety In accordance with the requirements a third party. Section 3506(c)(2)(A) of
and soundness. of the PRA, the OCC may not conduct the PRA (44 U.S.C. 3506(c)(2)(A))
Type of Review: Regular. or sponsor, and respondents are not requires Federal agencies to provide a
Affected Public: Individuals; required to respond to, an information 60-day notice in the Federal Register
tkelley on DSK4VPTVN1PROD with NOTICES
Businesses or other for-profit. collection unless it displays a currently concerning each proposed collection of
Estimated Number of Respondents: valid Office of Management and Budget information, including each proposed
345. (OMB) control number. extension of an existing collection of
Estimated Total Annual Responses: The OCC is soliciting comment information, before submitting the
345. concerning the renewal of its collection to OMB for approval. To
Frequency of Response: On occasion. information collection titled, ‘‘Securities comply with this requirement, the OCC
Estimated Total Annual Burden: 678. Exchange Act Disclosure Rules and is publishing notice of the proposed
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![3238 Federal Register / Vol. 81, No. 12 / Wednesday, January 20, 2016 / Notices
collection of information set forth in (d) Ways to minimize the burden of Avenue NW., Washington, DC 20224,
this document. information collections on respondents, (202) 317–6853 (not a toll-free number).
The OCC is proposing to extend OMB including through the use of automated
Christopher T. Kelley,
approval of the following information collection techniques or other forms of
collection: information technology; and Special Counsel to the Associate Chief
Counsel, (Passthroughs and Special
Title: Securities Exchange Act (e) Estimates of capital or start up
Industries).
Disclosure Rules and Securities of costs and costs of operation,
[FR Doc. 2016–00894 Filed 1–19–16; 8:45 am]
Federal Savings Associations. maintenance, and purchase of services
OMB Control No.: 1557–0106. BILLING CODE 4830–01–P
to provide information.
Description: This submission covers Dated: January 13, 2016.
an existing regulation and involves no
Mary H. Gottlieb, DEPARTMENT OF THE TREASURY
change to the regulation or to the
Regulatory Specialist, Office of the
information collection requirements. Internal Revenue Service
Comptroller of the Currency.
The OCC requests only that OMB
[FR Doc. 2016–00883 Filed 1–19–16; 8:45 am]
approve its revised estimates. Proposed Collection; Comment
BILLING CODE 4810–33–P
The Securities and Exchange Request for Revenue Procedure 2003–
Commission (SEC) is required by statute 39
to collect, in accordance with its
DEPARTMENT OF THE TREASURY AGENCY: Internal Revenue Service (IRS),
regulations, certain information and
documents from any firm that is Internal Revenue Service Treasury.
required to register its stock with the ACTION: Notice and request for
SEC.1 Federal law requires the OCC to Credit for Indian Coal Production and comments.
apply similar regulations to any national Inflation Adjustment Factor for
bank or Federal savings association Calendar Year 2015 SUMMARY: The Department of the
similarly required to be registered (those Treasury, as part of its continuing effort
with a class of equity securities held by AGENCY: Internal Revenue Service (IRS), to reduce paperwork and respondent
2,000 or more shareholders).2 Treasury. burden, invites the general public and
12 CFR part 11 ensures that a national ACTION: Publication of inflation other Federal agencies to take this
bank or Federal savings association adjustment factor for Indian coal opportunity to comment on proposed
whose securities are subject to production for calendar year 2015 under and/or continuing information
registration provides adequate section 45(e)(10)(B) (26 U.S.C. collections, as required by the
information about its operations to 45(e)(10)(B)) of the Internal Revenue Paperwork Reduction Act of 1995,
current and potential shareholders, Code. Public Law 104–13 (44 U.S.C.
depositors, and the public. The OCC 3506(c)(2)(A)). Currently, the IRS is
SUMMARY: The 2015 inflation adjustment soliciting comments concerning
reviews the information to ensure that it factor is used in determining the
complies with Federal law and makes Revenue Procedure 2003–39, section
availability of the credit for Indian coal 1031 LKE (Like-Kind Exchanges) Auto
public all information required to be production under section 45. Section
filed under the rule. Investors, Leasing Programs.
186 of Division Q of the Consolidated
depositors, and the public use the DATES: Written comments should be
Appropriations Act, 2016 (Pub. L. 114–
information to make informed 113) extends the credit period for the received on or before March 21, 2016 to
investment decisions. Indian coal production credit from a 9- be assured of consideration.
Type of Review: Extension of a year period beginning on January 1, ADDRESSES: Direct all written comments
currently approved collection. 2006, to an 11-year period beginning on to Michael A. Joplin, Internal Revenue
Affected Public: Individuals; Service, Room 6129, 1111 Constitution
January 1, 2006. This provision is
Businesses or other for-profit. Avenue NW., Washington, DC 20224.
effective for coal produced in the United
Frequency of Response: On occasion.
States or a possession thereof after FOR FURTHER INFORMATION CONTACT:
Estimated Number of Respondents:
December 31, 2014. Requests for additional information or
10.
DATES: The 2015 inflation adjustment copies of the revenue procedure should
Estimated Total Annual Burden: 116.
Comments submitted in response to factor applies to calendar year 2015 be directed to Martha R. Brinson,
this notice will be summarized and sales of Indian coal produced in the Internal Revenue Service, Room 6129,
included in the submission to OMB. United States or a possession thereof. 1111 Constitution Avenue NW.,
Comments are requested on: Inflation Adjustment Factor: The Washington, DC 20224, or through the
(a) Whether the information inflation adjustment factor for calendar Internet at Martha.R.Brinson@irs.gov.
collections are necessary for the proper year 2015 for Indian coal is 1.1772. SUPPLEMENTARY INFORMATION:
performance of the OCC’s functions, Credit Amount for Indian Coal: As Title: Section 1031 LKE (Like-Kind
including whether the information has required by section 45(e)(10)(B)(ii), the Exchanges) Auto Leasing Programs.
practical utility; $2.00 amount in section 45(e)(10)(B)(i) OMB Number: 1545–1834.
(b) The accuracy of the OCC’s is adjusted by multiplying such amount Revenue Procedure Number: Revenue
estimates of the burden of the by the inflation adjustment factor for the Procedure 2003–39.
information collections, including the calendar year. Under the calculation Abstract: Revenue Procedure 2003–39
validity of the methodology and required by section 45(e)(10)(B)(ii), the provides safe harbors for certain aspects
tkelley on DSK4VPTVN1PROD with NOTICES
assumptions used; credit for Indian coal production for of the qualification under § 1031 of
(c) Ways to enhance the quality, calendar year 2015 under section certain exchanges of property pursuant
utility, and clarity of the information to 45(e)(10)(B) is $2.354 per ton on the sale to LKE Programs for federal income tax
be collected; of Indian coal. purposes.
FOR FURTHER INFORMATION CONTACT: Current Actions: There are no changes
1 15 U.S.C. 78m(a)(1). Jennifer A. Records, CC:PSI:6, Internal being made to the revenue procedure at
2 15 U.S.C. 78l(i). Revenue Service, 1111 Constitution this time.
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Document Created: 2016-01-19 23:44:23
Document Modified: 2016-01-19 23:44:23
| 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 received by March 21, 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 3237 |
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