82 FR 42011 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Community Reinvestment Act Regulations
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 82, Issue 170 (September 5, 2017)
Office of the Comptroller of the Currency
Federal Register Volume 82, Issue 170 (September 5, 2017)
| Page Range | 42011-42013 | |
| FR Document | 2017-18654 |
[Federal Register Volume 82, Number 170 (Tuesday, September 5, 2017)] [Notices] [Pages 42011-42013] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-18654] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Community Reinvestment Act Regulations 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 ``Community Reinvestment Act Regulations.'' The OCC also is giving notice that it has sent the collection to OMB for review. DATES: Comments must be submitted on or before October 5, 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 [[Page 42012]] email, if possible. Comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557-0160, 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, 1557-0160, U.S. Office of Management and Budget, 725 17th Street NW., #10235, Washington, DC 20503 or by email to [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 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. The OCC is requesting that OMB extend its approval of the following collection: Title: Community Reinvestment Act Regulations. OMB Control No.: 1557-0160. Description: The Community Reinvestment Act (CRA) requires the federal banking agencies \1\ (Agencies) to assess the record of regulated financial institutions (institutions) in helping to meet the credit needs of their entire communities, including low- and moderate- income neighborhoods, consistent with safe and sound operations. The CRA further requires the Agencies to take this record into account in evaluating applications for mergers, branches, and certain other corporate activities.\2\ The CRA statute requires the Agencies to issue regulations to carry out its purposes.\3\ --------------------------------------------------------------------------- \1\ OCC, Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation. \2\ 12 U.S.C. 2903. \3\ 12 U.S.C. 2905. --------------------------------------------------------------------------- Each agency must provide written CRA performance evaluations (CRA PE) of the institutions they supervise. The CRA PEs are disclosed to the public. The public portion of each written CRA PE must present the agency's conclusions with respect to the CRA performance standards identified in its regulations; including the facts and data supporting those conclusions; and contain the institution's CRA rating and the basis for that rating. The reporting, recordkeeping, and disclosure requirements in the CRA regulations are necessary, as they provide the Agencies with the information they need to examine, assess, and assign ratings reflecting institutions' CRA performance and to prepare the public section of the CRA PE. The OCC's CRA regulation, 12 CFR 25, applies to national banks, including federal branches, as those are defined in 12 CFR 28, with federally insured deposits, except as provided in 12 CFR 25.11, (collectively, banks). Similarly, the OCC's CRA regulation, 12 CFR 195, applies to savings associations, except as provided in 12 CFR 195.11. 12 CFR 25.25(b) and 195.25(b) provide that requests for designation as a wholesale or limited purpose bank or savings association must be made in writing with the OCC at least three months prior to the proposed effective date of the designation. 12 CFR 25.27 and 195.27 provide for optional submission of strategic plans to the OCC for approval. If the requirements of 12 CFR 25.27(a) or 195.27(a), respectively, are met, institutions' records of helping to meet the credit needs of their assessment areas will be assessed under their approved strategic plans. 12 CFR 25.42(a) and 195.42(a) require that large banks and savings associations \4\ shall collect and maintain certain small business/ small farm loan data in a machine-readable form and report it annually pursuant to 12 CFR 25.42(b)(1) and 195.42(b)(1). --------------------------------------------------------------------------- \4\ Large banks and large savings associations are banks and savings associations that are not small banks or small savings associations defined in 12 CFR 25.12(u) or 195.12(u), respectively. --------------------------------------------------------------------------- 12 CFR 25.42(b)(2) and 195.42(b)(2) require that large banks and savings associations report annually in machine readable form the aggregate number and aggregate amount of community development loans originated or purchased. 12 CFR 25.42(b)(3) and 195.42(b)(3) require that large banks and savings associations, if subject to reporting under 12 CFR 1003 (Home Mortgage Disclosure (Regulation C)), must report the location of each home mortgage loan application, origination, or purchase outside the metropolitan statistical area(s) in which the bank or savings association has a home/branch office, and the location of each home mortgage loan application, origination, or purchase outside any metropolitan statistical area, in accordance with the requirements of Regulation C. 12 CFR 25.42(c)(1) and 195.42(c)(1) provide that all banks and savings associations may collect and maintain in machine readable form certain data for consumer loans originated or purchased by a bank or savings association for consideration under the lending test. Under 12 CFR 25.42(c)(2) and 195.42(c)(2), all banks and saving associations may include other information concerning their lending performance, including additional loan distribution data. 12 CFR 25.42(d) and 195.42(d) provide that banks and savings associations that elect to have the OCC consider loans by an affiliate, for purposes of the lending or community development test or an approved strategic plan, shall collect, maintain, and report the data that the bank or savings association would have collected, maintained, and reported pursuant to 12 CFR 25.42(a)-(c) or 195.42(a)-(c), respectively, had the loans been originated or purchased by the bank or savings association. For home mortgage loans, the bank or savings association must also be prepared to identify the home mortgage loans reported under HMDA by the affiliate. 12 CFR 25.42(e) and 195.42(e) provide that banks and savings associations that elect to have the OCC consider community development loans by a consortium or a third party, for purposes of the lending or community development tests or an approved strategic plan, must report for those loans the data that the bank or savings association would have reported under 12 CFR 25.42(b)(2) or 195.42(b)(2), respectively, had the loans been [[Page 42013]] originated or purchased by the bank or savings association. 12 CFR 25.42(g) and 195.42(g) require that banks and savings associations, except those that were a small bank or small savings association \5\ during the prior calendar year, collect and report to the OCC a list for each assessment area showing the geographies within the area. --------------------------------------------------------------------------- \5\ See 12 CFR 25.12(u) and 195.12(u), respectively. --------------------------------------------------------------------------- 12 CFR 25.43 and 195.43 generally require that all banks and savings associations maintain a public file that contains: All written comments and responses; a copy of the public section of the bank's or savings association's most recent CRA performance evaluation; a list of the bank's or savings association's branches; a list of the branches opened or closed; a list of services offered; and a map of each assessment area delineated by the bank or savings association under 12 CFR 25.41 or 195.41, respectively. Certain banks and savings associations must include: A copy of their approved strategic plan and a description of the current efforts to improve their performance in helping to meet the credit needs of its entire community. Certain large banks and savings associations must include in their public files (for prior two years): Consumer loan data; CRA Disclosure Statements; and Home Mortgage Disclosure Act (HMDA) Disclosure Statements. Small banks and savings associations must include their loan-to-deposit ratio for each quarter of the prior calendar year and, at their option, additional data on its loan-to-deposit ratio. Type of Review: Regular review. Affected Public: Businesses or other for-profit. Frequency of Response: On occasion. Estimated Number of Respondents: 1,234. Estimated Total Annual Burden: 113,351 hours. The OCC issued a notice for 60 days of comment regarding this collection on June 5, 2017, 82 FR 25911. One comment was received from an institution. The commenter focused its comments on 12 CFR 25.43 and 195.43, which require that all banks and savings associations maintain a public file. The commenter believed that removing the requirements for a copy of the public section of the most recent CRA evaluation and CRA and Home Mortgage Disclosure Act (HMDA) Disclosure Statements would enhance the quality, utility, and clarity of the information to be collected and minimize the burden of the collection on respondents. The commenter stated that CRA Performance Evaluations are readily available through the Web sites of the respective regulators completing the evaluations and CRA and HMDA Disclosure Statements (often thousands of pages) are available to both regulators and consumers through the Federal Financial Institutions Examination Council's (FFIEC) Web site. The commenter supported the remaining Public File requirements. In response to these comments, the OCC notes that the Federal banking agencies have opined that a bank or savings association may keep all or a part of CRA public file information, including the public section of its CRA evaluation and CRA and HMDA Disclosure Statements, on an intranet or the Internet provided that all of the required information set forth in 12 CFR 25.43 is made available in either in paper or electronic form. See Community Reinvestment Act; Interagency Questions and Answers Regarding Community Reinvestment; Guidance Sec. ___.43(c)--2 (81 FR 48555, July 25, 2016). By making CRA public file items available via an intranet or the Internet, a bank or savings association can decrease the volume of paper maintained in a public file, which should help increase the clarity of information that a bank or savings association elects to maintain in a paper-based public file and decrease information collection burden. 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 burden of the 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 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: August 28, 2017. Karen Solomon, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2017-18654 Filed 9-1-17; 8:45 am] BILLING CODE 4810-33-P
![Federal Register / Vol. 82, No. 170 / Tuesday, September 5, 2017 / Notices 42011
‘‘Docket Number: DOS–2017–0035 in determine whether visa applicants have Hafner, Deputy Assistant United States
the Search field. Then click the medical conditions affecting the Trade Representative for Russia and
‘‘Comment Now’’ button and complete applicant’s eligibility for a visa. Eurasia, at (202) 395–9124.
the comment form. Correction: In the Federal Register of
Methodology
• Email: PRA_BurdenComments@ August 4, 2017, in FR Doc. 2017–16389,
state.gov. Approved panel physicians will be 82 FR 36521–22, on page 36521, in the
You must include the DS form granted access to an eMedical system by second column, correct the DATES
number (if applicable), information the Department of State, to conduct caption to read:
collection title, and the OMB control medical examinations for visa eligibility DATES: September 22, 2017: Deadline for
number in any correspondence. determinations. During the initial filing a summary of testimony and
FOR FURTHER INFORMATION CONTACT: rollout, some immigrant visa applicants requests to appear at the October 10,
Direct requests for additional with a completed and submitted DS– 2017 public hearing, and for submitting
information regarding the collection 260, Application for Immigrant Visa and public comments. October 10, 2017: The
listed in this notice, including requests Alien Registration will have their TPSC will convene a public hearing on
for copies of the proposed collection medical exam results submitted to the Russia’s implementation of its
instrument and supporting documents Department via the eMedical system. obligations as a member of the WTO at
to Sydney Taylor, who may be reached The panel physician will input the 9:30 a.m. in Rooms 1 & 2, 1724 F Street
at PRA_BurdenComments@state.gov. exam information into the eMedical NW., Washington, DC 20508.
portal and it will be transmitted to the
SUPPLEMENTARY INFORMATION: Edward Gresser,
Department for visa adjudication and
• Title of Information Collection: Chair, Trade Policy Staff Committee, Office
retained in the Department’s systems.
Electronic Medical Examination for Visa of the United States Trade Representative.
The Department anticipates a full
Applicant.
rollout of the electronic medical report [FR Doc. 2017–18653 Filed 9–1–17; 8:45 am]
• OMB Control Number: None.
by the end of 2018. During the transition BILLING CODE 3290–F7–P
• Type of Request: New Collection.
to eMedical, some applicants’ medical
• Originating Office: Bureau of
exams will be completed via paper
Consular Affairs, Visa Office (CA/VO/L/
forms. DEPARTMENT OF THE TREASURY
R).
• Form Number: No form. Edward Ramotowski,
Office of the Comptroller of the
• Respondents: Visa applicants. Deputy Assistant Secretary, Bureau of Currency
• Estimated Number of Respondents: Consular Affairs, Department of State.
684,589. [FR Doc. 2017–18704 Filed 9–1–17; 8:45 am] Agency Information Collection
• Estimated Number of Responses: BILLING CODE 4710–06–P Activities: Information Collection
684,589. Renewal; Submission for OMB Review;
• Average Time per Response: 1 hour. Community Reinvestment Act
• Total Estimated Burden Time: OFFICE OF THE UNITED STATES Regulations
684,589 annual hours. TRADE REPRESENTATIVE
• Frequency: Once per respondent. AGENCY: Office of the Comptroller of the
• Obligation to Respond: Required to [Docket Number USTR–2017–0012] Currency (OCC), Treasury.
Obtain or Retain a Benefit. ACTION: Notice and request for comment.
Request for Comments and Notice of
We are soliciting public comments to
Public Hearing Concerning Russia’s SUMMARY: The OCC, as part of its
permit the Department to:
Implementation of Its WTO continuing effort to reduce paperwork
• Evaluate whether the proposed
Commitments and respondent burden, invites the
information collection is necessary for
the proper functions of the Department. AGENCY: Office of the United States general public and other federal
• Evaluate the accuracy of our Trade Representative. agencies to take this opportunity to
estimate of the time and cost burden for comment on a continuing information
ACTION: Notice and request for
this proposed collection, including the collection as required by the Paperwork
comments; correction.
validity of the methodology and Reduction Act of 1995 (PRA).
assumptions used. SUMMARY: The Trade Policy Staff In accordance with the requirements
• Enhance the quality, utility, and Committee (TPSC) published a of the PRA, the OCC may not conduct
clarity of the information to be document in the Federal Register of or sponsor, and the respondent is not
collected. August 4, 2017, requesting comments required to respond to, an information
• Minimize the reporting burden on and providing notice of a hearing that collection unless it displays a currently
those who are to respond, including the will assist the Office of the United valid Office of Management and Budget
use of automated collection techniques States Trade Representative (USTR) in (OMB) control number.
or other forms of information the preparation of its annual report to The OCC is soliciting comment
technology. Congress on Russia’s implementation of concerning the renewal of its
Please note that comments submitted its obligations as a member of the World information collection titled
in response to this Notice are public Trade Organization (WTO). The ‘‘Community Reinvestment Act
record. Before including any detailed document contained an incorrect date Regulations.’’ The OCC also is giving
personal information, you should be for the hearing, which the TPSC will notice that it has sent the collection to
mstockstill on DSK30JT082PROD with NOTICES
aware that your comments as submitted, convene on October 10, 2017. OMB for review.
including your personal information, FOR FURTHER INFORMATION CONTACT: For DATES: Comments must be submitted on
will be available for public review. procedural questions concerning written or before October 5, 2017.
comments or participating in the public ADDRESSES: Because paper mail in the
Abstract of Proposed Collection hearing, contact Yvonne Jamison at Washington, DC area and at the OCC is
This electronic collection records (202) 395–3475. Direct all other subject to delay, commenters are
medical information necessary to questions regarding this notice to Betsy encouraged to submit comments by
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![Federal Register / Vol. 82, No. 170 / Tuesday, September 5, 2017 / Notices 42013
originated or purchased by the bank or minimize the burden of the collection DEPARTMENT OF THE TREASURY
savings association. on respondents. The commenter stated
12 CFR 25.42(g) and 195.42(g) require that CRA Performance Evaluations are Office of the Comptroller of the
that banks and savings associations, readily available through the Web sites Currency
except those that were a small bank or of the respective regulators completing
small savings association 5 during the the evaluations and CRA and HMDA Agency Information Collection
prior calendar year, collect and report to Disclosure Statements (often thousands Activities: Information Collection
the OCC a list for each assessment area of pages) are available to both regulators Renewal; Submission for OMB Review;
showing the geographies within the and consumers through the Federal Disclosure Requirements Associated
area. Financial Institutions Examination With Supplementary Leverage Ratio
12 CFR 25.43 and 195.43 generally Council’s (FFIEC) Web site. The AGENCY: Office of the Comptroller of the
require that all banks and savings commenter supported the remaining Currency (OCC), Treasury.
associations maintain a public file that Public File requirements. ACTION: Notice and request for comment.
contains: All written comments and In response to these comments, the
responses; a copy of the public section OCC notes that the Federal banking SUMMARY: The OCC, as part of its
of the bank’s or savings association’s agencies have opined that a bank or continuing effort to reduce paperwork
most recent CRA performance savings association may keep all or a and respondent burden, invites the
evaluation; a list of the bank’s or savings part of CRA public file information, general public and other federal
association’s branches; a list of the including the public section of its CRA agencies to take this opportunity to
branches opened or closed; a list of evaluation and CRA and HMDA comment on a continuing information
services offered; and a map of each Disclosure Statements, on an intranet or collection as required by the Paperwork
assessment area delineated by the bank the Internet provided that all of the Reduction Act of 1995 (PRA).
or savings association under 12 CFR required information set forth in 12 CFR In accordance with the requirements
25.41 or 195.41, respectively. Certain 25.43 is made available in either in of the PRA, the OCC may not conduct
banks and savings associations must paper or electronic form. See or sponsor, and the respondent is not
include: A copy of their approved Community Reinvestment Act; required to respond to, an information
strategic plan and a description of the Interagency Questions and Answers collection unless it displays a currently
current efforts to improve their Regarding Community Reinvestment; valid Office of Management and Budget
performance in helping to meet the Guidance § ___.43(c)—2 (81 FR 48555, (OMB) control number.
credit needs of its entire community. July 25, 2016). By making CRA public The OCC is soliciting comment
Certain large banks and savings file items available via an intranet or the concerning the renewal of its
associations must include in their Internet, a bank or savings association information collection titled ‘‘Disclosure
public files (for prior two years): can decrease the volume of paper Requirements Associated with
Consumer loan data; CRA Disclosure maintained in a public file, which Supplementary Leverage Ratio.’’ The
Statements; and Home Mortgage should help increase the clarity of OCC also is giving notice that it has sent
Disclosure Act (HMDA) Disclosure information that a bank or savings the collection to OMB for review.
Statements. Small banks and savings association elects to maintain in a DATES: Comments must be submitted on
associations must include their loan-to- paper-based public file and decrease or before October 5, 2017.
deposit ratio for each quarter of the information collection burden. ADDRESSES: Because paper mail in the
prior calendar year and, at their option, Washington, DC area and at the OCC is
additional data on its loan-to-deposit Comments continue to be invited on:
(a) Whether the collection of subject to delay, commenters are
ratio. encouraged to submit comments by
Type of Review: Regular review. information is necessary for the proper
Affected Public: Businesses or other performance of the functions of the email, if possible. Comments may be
for-profit. OCC, including whether the information sent to: Legislative and Regulatory
Frequency of Response: On occasion. has practical utility; Activities Division, Office of the
Estimated Number of Respondents: Comptroller of the Currency, Attention:
(b) The accuracy of the OCC’s 1557–0322, 400 7th Street SW., Suite
1,234. estimate of the burden of the
Estimated Total Annual Burden: 3E–218, Washington, DC 20219. In
information collection; addition, comments may be sent by fax
113,351 hours.
The OCC issued a notice for 60 days (c) Ways to enhance the quality, to (571) 465–4326 or by electronic mail
of comment regarding this collection on utility, and clarity of the information to to prainfo@occ.treas.gov. You may
June 5, 2017, 82 FR 25911. One be collected; personally inspect and photocopy
comment was received from an (d) Ways to minimize the burden of comments at the OCC, 400 7th Street
institution. the collection on respondents, including SW., Washington, DC 20219. For
The commenter focused its comments through the use of automated collection security reasons, the OCC requires that
on 12 CFR 25.43 and 195.43, which techniques or other forms of information visitors make an appointment to inspect
require that all banks and savings technology; and comments. You may do so by calling
associations maintain a public file. The (e) Estimates of capital or start-up (202) 649–6700 or, for persons who are
commenter believed that removing the costs and costs of operation, deaf or hard of hearing, TTY, (202) 649–
requirements for a copy of the public maintenance, and purchase of services 5597. Upon arrival, visitors will be
section of the most recent CRA required to present valid government-
mstockstill on DSK30JT082PROD with NOTICES
to provide information.
evaluation and CRA and Home issued photo identification and submit
Mortgage Disclosure Act (HMDA) Dated: August 28, 2017. to security screening in order to inspect
Disclosure Statements would enhance Karen Solomon, and photocopy comments.
the quality, utility, and clarity of the Deputy Chief Counsel, Office of the All comments received, including
information to be collected and Comptroller of the Currency. attachments and other supporting
[FR Doc. 2017–18654 Filed 9–1–17; 8:45 am] materials, are part of the public record
5 See 12 CFR 25.12(u) and 195.12(u), respectively. BILLING CODE 4810–33–P and subject to public disclosure. Do not
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Document Created: 2017-09-02 03:25:00
Document Modified: 2017-09-02 03:25:00
| 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 on or before October 5, 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 42011 |
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