81 FR 33734 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Disclosure of Financial and Other Information by National Banks

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency

Federal Register Volume 81, Issue 103 (May 27, 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 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, ``Disclosure of Financial and Other Information by National Banks.'' The OCC also is giving notice that it has sent the collection to OMB for review.

[Federal Register Volume 81, Number 103 (Friday, May 27, 2016)]
[Notices]
[Pages 33734-33735]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-12584]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Submission for OMB Review; Disclosure of Financial and Other 
Information by National Banks

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, ``Disclosure of Financial and Other Information by 
National Banks.'' The OCC also is giving notice that it has sent the 
collection to OMB for review.

DATES: Comments must be submitted on or before 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: 1557-0182, 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

[[Page 33735]]

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.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-0182, U.S. Office of Management and Budget, 725 17th 
Street NW., #10235, Washington, DC 20503, or by email to: oira 
[email protected].

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC 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., Suite 3E-218, Mail Stop 9W-11, Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC requests that OMB extend its 
approval of the following collection:
    Title: Disclosure of Financial and Other Information by National 
Banks.
    OMB Control No.: 1557-0182.
    Type of Review: Extension, without revision, of a currently 
approved collection.
    Description: The collections of information are found in 12 CFR 
18.3, 18.4, and 18.8. Section 18.3 requires the preparation of an 
annual disclosure statement and specifies when a national bank must 
make the statement available to shareholders. Section 18.4 outlines 
what information the disclosure statement must contain and provides 
that a national bank may, at its option, supplement its annual 
disclosure statement with a narrative discussion. Lastly, Sec.  18.8 
requires that a national bank promptly mail or otherwise furnish its 
annual disclosure statement upon request.
    The information collected under part 18 is also collected through 
the Consolidated Reports of Condition and Income. Therefore, the OCC 
has proposed to remove part 18 in its entirety, 81 FR 13607 (March 14, 
2016). Following issuance of a final rule removing part 18, the OCC 
will discontinue this information collection.
    Affected Public: Businesses or other for-profit.
    Burden Estimates:
    Estimated Number of Respondents: 1,100.
    Estimated Total Annual Burden: 555 hours.
    Frequency of Response: On occasion.
    Comments: On February 25, 2016, the OCC issued a notice for 60 days 
of comment concerning the collection, 81 FR 9584. The OCC received one 
comment from an individual.
    The commenter questioned the utility and benefit of the information 
collection compared to the burden because the rule requires information 
that is already available through OCC's program of periodic and 
financial disclosure and other sources. The commenter suggested that 
the rule should be replaced with easy to understand measures or 
statistics or rewritten to minimize the burden and enhance the quality 
and clarity of the information collected. The information collected is 
available through the Consolidated Reports of Condition of Income and, 
as indicated above, this information collection will be discontinued 
following the issuance of a final rule removing part 18.
    The commenter stated that the OCC improves the quality, utility, 
and clarity of information when it attentively responds to all 
significant public comments before finalizing rules. The commenter also 
believes that when the OCC leaves unclear whether it considered 
comments, the public record is incomplete and the OCC creates the 
perception that it makes final decisions on rules without considering 
the data, views, and arguments of others. The OCC carefully considers 
all comments 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 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: May 23, 2016.
Mary Hoyle Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division.
[FR Doc. 2016-12584 Filed 5-26-16; 8:45 am]
BILLING CODE 4810-33-P