82 FR 31153 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Assessment of Fees
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 82, Issue 127 (July 5, 2017)
Office of the Comptroller of the Currency
Federal Register Volume 82, Issue 127 (July 5, 2017)
| Page Range | 31153-31154 | |
| FR Document | 2017-14002 |
[Federal Register Volume 82, Number 127 (Wednesday, July 5, 2017)] [Notices] [Pages 31153-31154] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-14002] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Assessment of Fees 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 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 the renewal of its information collection titled ``Assessment of Fees.'' The OCC also is giving notice that it has sent the collection to OMB for review. DATES: You should submit written comments by August 4, 2017. 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: 1557-0223, 400 7th Street SW., Suite 3E-218, 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. Additionally, please send a copy of your comments by mail to: OCC Desk Officer, 1557-0223, 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., 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 that they conduct or sponsor. ``Collection of information'' is defined [[Page 31154]] 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. The OCC is requesting that OMB extend its approval of the following information collection: Title: Assessment of Fees. OMB Control No.: 1557-0223. Affected Public: Business or other for-profit. Type of Review: Regular review. Abstract: The OCC is authorized by the National Bank Act (for national banks) and the Home Owners Loan Act (for Federal savings associations) to collect assessments, fees, and other charges as necessary or appropriate to carry out the responsibilities of the OCC. 12 U.S.C. 482 and 1467(a), respectively; 12 U.S.C. 16 (for national banks and Federal savings associations). OCC regulations require an independent credit card bank or independent credit card Federal savings association (collectively, independent credit card institutions) to pay an additional assessment based on receivables attributable to accounts owned by the national bank or Federal savings association. Independent credit card institutions are national banks or Federal savings associations that primarily engage in credit card operations and are not affiliated with a full service national bank or Federal savings association. Under 12 CFR 8.2(c)(2), the OCC also has the authority to assess an independent credit card institution that is affiliated with a full-service national bank or full-service Federal savings association if the OCC concludes that the affiliation is intended to evade 12 CFR part 8. The OCC requires independent credit card institutions to provide the OCC with ``receivables attributable'' data. ``Receivables attributable'' refers to the total amount of outstanding balances due on credit card accounts owned by an independent credit card institution (the receivables attributable to those accounts) on the last day of an assessment period, minus receivables retained on the independent credit card institution's balance sheet as of that day. The OCC will use the information to verify the accuracy of each independent credit card institution's assessment computation and to adjust the assessment rate for independent credit card institutions over time. Estimated Number of Respondents: 12. Estimated Total Annual Burden: 24 hours. The OCC issued a notice for 60 days of comment on April 4, 2017, 82 FR 16473. No comments were 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: June 23, 2017. Karen Solomon, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2017-14002 Filed 7-3-17; 8:45 am] BILLING CODE 4810-33-P
![Federal Register / Vol. 82, No. 127 / Wednesday, July 5, 2017 / Notices 31153
Risk Limit Breaches formal, ongoing training program for all or sponsor, and the respondent is not
A covered bank should establish and directors. The board of directors should required to respond to, an information
adhere to processes that require front also conduct an annual self-assessment. collection unless it displays a currently
line units and independent risk Type of Review: Regular review. valid Office of Management and Budget
Affected Public: Businesses or other (OMB) control number.
management to: (i) Identify breaches of
the risk appetite statement, for-profit. The OCC is soliciting comment
Estimated Number of Respondents: concerning the renewal of its
concentration risk limits, and front line
41. information collection titled
unit risk limits; (ii) distinguish breaches Estimated Burden per Respondent:
based on the severity of their impact; ‘‘Assessment of Fees.’’ The OCC also is
3,776 hours. giving notice that it has sent the
(iii) establish protocols for Estimated Total Annual Burden:
disseminating information regarding a collection to OMB for review.
154,816 hours. DATES: You should submit written
breach; (iv) provide a written Comments: Comments submitted in
description of the breach resolution; and comments by August 4, 2017.
response to this notice will be
(v) establish accountability for reporting ADDRESSES: Because paper mail in the
summarized and included in the request
and resolving breaches. for OMB approval. All comments will Washington, DC area and at the OCC is
become a matter of public record. subject to delay, commenters are
Concentration Risk Management encouraged to submit comments by
Comments are invited on:
The risk governance framework (a) Whether the collection of email, if possible. Comments may be
should include policies and supporting sent to: Legislative and Regulatory
information is necessary for the proper
processes appropriate for the covered Activities Division, Office of the
performance of the functions of the
bank’s size, complexity, and risk profile Comptroller of the Currency, Attention:
OCC, including whether the information
for effectively identifying, measuring, 1557–0223, 400 7th Street SW., Suite
has practical utility;
monitoring, and controlling the covered (b) The accuracy of the OCC’s 3E–218, Washington, DC 20219. In
bank’s concentrations of risk. estimate of the burden of the addition, comments may be sent by fax
Risk Data Aggregation and Reporting information collection; to (571) 465–4326 or by electronic mail
(c) Ways to enhance the quality, to prainfo@occ.treas.gov. You may
The risk governance framework personally inspect and photocopy
should include a set of policies, utility, and clarity of the information to
be collected; comments at the OCC, 400 7th Street
supported by appropriate procedures SW., Washington, DC 20219. For
(d) Ways to minimize the burden of
and processes, designed to provide risk security reasons, the OCC requires that
the collection on respondents, including
data aggregation and reporting visitors make an appointment to inspect
through the use of automated collection
capabilities appropriate for the covered comments. You may do so by calling
techniques or other forms of information
bank’s size, complexity, and risk profile (202) 649–6700 or, for persons who are
technology; and
and to support supervisory reporting
(e) Estimates of capital or start-up deaf or hard of hearing, TTY, (202) 649–
requirements. Collectively, these
costs and costs of operation, 5597. Upon arrival, visitors will be
policies, procedures, and processes
maintenance, and purchase of services required to present valid government-
should provide for: (i) The design,
to provide information. issued photo identification and submit
implementation, and maintenance of a
Dated: June 23, 2017. to security screening in order to inspect
data architecture and information
Karen Solomon, and photocopy comments.
technology infrastructure that support All comments received, including
the covered bank’s risk aggregation and Deputy Chief Counsel, Office of the
attachments and other supporting
reporting needs during normal times Comptroller of the Currency.
materials, are part of the public record
and during times of stress; (ii) the [FR Doc. 2017–14000 Filed 7–3–17; 8:45 am]
and subject to public disclosure. Do not
capturing and aggregating of risk data BILLING CODE 4810–33–P
include any information in your
and reporting of material risks, comment or supporting materials that
concentrations, and emerging risks in a you consider confidential or
timely manner to the board of directors DEPARTMENT OF THE TREASURY
inappropriate for public disclosure.
and the OCC; and (iii) the distribution Additionally, please send a copy of
of risk reports to all relevant parties at Office of the Comptroller of the
Currency your comments by mail to: OCC Desk
a frequency that meets their needs for Officer, 1557–0223, U.S. Office of
decision-making purposes. Agency Information Collection Management and Budget, 725 17th
Talent and Compensation Management Activities: Information Collection Street NW., #10235, Washington, DC
A covered bank should establish and Renewal; Submission for OMB Review; 20503 or by email to oira submission@
adhere to processes for talent Assessment of Fees omb.eop.gov.
development, recruitment, and FOR FURTHER INFORMATION CONTACT:
AGENCY: Office of the Comptroller of the
succession planning. The board of Shaquita Merritt, OCC Clearance
Currency (OCC), Treasury.
directors or appropriate committee Officer, (202) 649–5490 or, for persons
ACTION: Notice and request for comment.
should review and approve a written who are deaf or hard of hearing, TTY,
talent management program. A covered SUMMARY: The OCC, as part of its (202) 649–5597, Legislative and
bank should also establish and adhere to continuing effort to reduce paperwork Regulatory Activities Division, Office of
the Comptroller of the Currency, 400 7th
sradovich on DSK3GMQ082PROD with NOTICES
compensation and performance and respondent burden, invites the
management programs that comply with general public and other Federal Street SW., Washington, DC 20219.
any applicable statute or regulation. agencies to take this opportunity to SUPPLEMENTARY INFORMATION: Under the
comment on a continuing information PRA (44 U.S.C. 3501–3520), Federal
Board of Directors Training and collection as required by the Paperwork agencies must obtain approval from the
Evaluation Reduction Act of 1995 (PRA). OMB for each collection of information
The board of directors of a covered In accordance with the requirements that they conduct or sponsor.
bank should establish and adhere to a of the PRA, the OCC may not conduct ‘‘Collection of information’’ is defined
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![31154 Federal Register / Vol. 82, No. 127 / Wednesday, July 5, 2017 / Notices
in 44 U.S.C. 3502(3) and 5 CFR 16473. No comments were received. SUPPLEMENTARY INFORMATION:
1320.3(c) to include agency requests or Comments continue to be invited on: Title: Troubled Asset Relief
requirements that members of the public (a) Whether the collection of Program—Conflicts of Interest.
submit reports, keep records, or provide information is necessary for the proper OMB Control Number: 1505–0209.
information to a third party. The OCC is performance of the functions of the Type of Review: Extension without
requesting that OMB extend its approval OCC, including whether the information change of a currently approved
of the following information collection: has practical utility; collection.
Title: Assessment of Fees. (b) The accuracy of the OCC’s Abstract: Authorized under the
OMB Control No.: 1557–0223. estimate of the information collection Emergency Economic Stabilization Act
Affected Public: Business or other for- burden; (EESA) of 2008 (Pub. L. 110–343), as
profit. (c) Ways to enhance the quality, amended by the American Recovery and
utility, and clarity of the information to Reinvestment Act (ARRA) of 2009, the
Type of Review: Regular review.
be collected; Department of the Treasury has
Abstract: The OCC is authorized by
(d) Ways to minimize the burden of implemented aspects of the Troubled
the National Bank Act (for national
the collection on respondents, including Asset Relief Program (TARP) by
banks) and the Home Owners Loan Act
through the use of automated collection codifying section 108 of EESA. Title 31
(for Federal savings associations) to
techniques or other forms of information CFR part 31, TARP Conflict of Interest,
collect assessments, fees, and other
technology; and sets forth the process for reviewing and
charges as necessary or appropriate to
(e) Estimates of capital or start-up addressing actual or potential conflicts
carry out the responsibilities of the
costs and costs of operation, of interest among any individuals or
OCC. 12 U.S.C. 482 and 1467(a),
maintenance, and purchase of services entities seeking or having a contract or
respectively; 12 U.S.C. 16 (for national
to provide information. financial agency agreement with the
banks and Federal savings associations).
Treasury for services under EESA. The
OCC regulations require an independent Dated: June 23, 2017.
information collection required by this
credit card bank or independent credit Karen Solomon,
part will be used to evaluate and
card Federal savings association Deputy Chief Counsel, Office of the minimize real and apparent conflicts of
(collectively, independent credit card Comptroller of the Currency.
interest related to contractual or
institutions) to pay an additional [FR Doc. 2017–14002 Filed 7–3–17; 8:45 am] financial agent agreement services
assessment based on receivables BILLING CODE 4810–33–P performed under TARP.
attributable to accounts owned by the Form: None.
national bank or Federal savings Affected Public: Businesses or other
association. Independent credit card DEPARTMENT OF THE TREASURY for-profits.
institutions are national banks or Estimated Number of Respondents:
Federal savings associations that Agency Information Collection 19.
primarily engage in credit card Activities; Proposed Collection; Estimated Annual Response: 41.
operations and are not affiliated with a Comment Request; Multiple Estimated Total Annual Burden
full service national bank or Federal Departmental Office Information Hours: 876.
savings association. Under 12 CFR Requests Title: TARP Capital Purchase
8.2(c)(2), the OCC also has the authority Program—Executive Compensation.
AGENCY: Departmental Offices, U.S.
to assess an independent credit card OMB Control Number: 1505–0219.
Department of the Treasury.
institution that is affiliated with a full- Type of Review: Authorized under the
service national bank or full-service ACTION: Notice.
Emergency Economic Stabilization Act
Federal savings association if the OCC SUMMARY: The U.S. Department of the of 2008 (EESA), Public Law 110–343, as
concludes that the affiliation is intended Treasury, as part of its continuing effort amended by the American Recovery and
to evade 12 CFR part 8. to reduce paperwork and respondent Reinvestment Act of 2009 (ARRA),
The OCC requires independent credit burden, invites the general public and Public Law 111–5, the Department of
card institutions to provide the OCC other federal agencies to comment on the Treasury established the Troubled
with ‘‘receivables attributable’’ data. the information collections listed below, Asset Relief Program (TARP) to
‘‘Receivables attributable’’ refers to the as required by the Paperwork Reduction purchase, and to make and fund
total amount of outstanding balances Act of 1995. commitments to purchase, troubled
due on credit card accounts owned by assets from any financial institution on
DATES: Written comments must be
an independent credit card institution such terms and conditions determined
received on or before September 5,
(the receivables attributable to those by the Secretary. Section 111 of EESA,
2017.
accounts) on the last day of an as amended by ARRA, provides that
assessment period, minus receivables ADDRESSES: Send comments regarding certain entities receiving financial
retained on the independent credit card the burden estimate, or any other aspect assistance from Treasury under TARP
institution’s balance sheet as of that day. of the information collection, including will be subject to specified executive
The OCC will use the information to suggestions for reducing the burden, to compensation and corporate governance
verify the accuracy of each independent Treasury PRA Clearance Officer, 1750 standards established by the Secretary.
credit card institution’s assessment Pennsylvania Ave. NW., Suite 8142, These standards were set forth in the
computation and to adjust the Washington, DC 20220, or email at interim final rule published on June 15,
assessment rate for independent credit PRA@treasury.gov. 2009 (74 FR 28394), as corrected on
sradovich on DSK3GMQ082PROD with NOTICES
card institutions over time. FOR FURTHER INFORMATION CONTACT: December 7, 2009 (74 FR 63990) (the
Estimated Number of Respondents: Copies of the submissions may be Interim Final Rule). The standards
12. obtained from Jennifer Leonard by implemented in the Interim Final Rule
Estimated Total Annual Burden: 24 emailing PRA@treasury.gov, calling require that TARP recipients submit
hours. (202) 622–0489, or viewing the entire certain information pertaining to their
The OCC issued a notice for 60 days information collection request at executive compensation and corporate
of comment on April 4, 2017, 82 FR www.reginfo.gov. governance practices.
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Document Created: 2017-07-04 02:00:47
Document Modified: 2017-07-04 02:00:47
| 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 August 4, 2017. | |
| 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., Washington, DC 20219. | |
| FR Citation | 82 FR 31153 |
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