82 FR 55486 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; Bank Activities and Operations; Investment in Bank Premises

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency

Federal Register Volume 82, Issue 223 (November 21, 2017)

Page Range		55486-55487
FR Document		2017-25185

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, ``Bank Activities and Operations; Investment in Bank Premises.''

Federal Register, Volume 82 Issue 223 (Tuesday, November 21, 2017)

[Federal Register Volume 82, Number 223 (Tuesday, November 21, 2017)]
[Notices]
[Pages 55486-55487]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-25185]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Comment Request; Bank Activities and Operations; Investment in 
Bank Premises

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 the renewal of its 
information collection titled, ``Bank Activities and Operations; 
Investment in Bank Premises.''

DATES: You should submit written comments by January 22, 2018.

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: 1557-0204, 400 7th Street SW., Suite 3E-218, Washington, DC 
20219. In addition, comments may be sent by fax to (571) 465-4326 or by 
email 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 hearing impaired, 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, OCC Clearance 
Officer, (202) 649-5490, 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 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 title 44 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.
    Title: Bank Activities and Operations; Investment in Bank Premises.
    OMB Control No.: 1557-0204.
    Description: The information collection requirements ensure that 
institutions conduct their operations in a safe and sound manner and in 
accordance with applicable federal banking statutes and regulations. 
The information is necessary for regulatory and examination purposes.
    The information collection requirements are as follows:
     12 CFR 5.37 (Investment in national bank or federal 
savings association premises). A national bank or federal savings 
association may invest in banking premises and other premises-related 
investments, loans, or indebtedness by filing an application for prior 
approval whenever its investment in bank premises will cause it to 
exceed its capital stock. The application must describe the present and 
proposed investment and the business reason for exceeding the limit. A 
bank with a composite 1 or 2 CAMELS rating entering a transaction that 
increases its aggregate bank premises investment to not more than 150 
percent of its capital and surplus may proceed without prior OCC 
approval, but must provide an after-the-fact notice.
     12 CFR 7.1000(d)(1) (National bank ownership of property--
Lease financing of public facilities). National bank lease agreements 
must provide that the lessee will become the owner of the building or 
facility upon the expiration of the lease.
     12 CFR 7.1014 (Sale of money orders at nonbanking 
outlets). A national bank may designate bonded agents to sell the 
bank's money orders at nonbanking outlets. The responsibility of both 
the bank and its agent should be defined in a written agreement setting 
forth the duties of both parties and providing for remuneration of the 
agent.
     12 CFR 7.2000(b) (Corporate governance procedures--Other 
sources of guidance). A national bank shall designate in its bylaws the 
body of law selected for its corporate governance procedures.
     12 CFR 7.2004 (Honorary directors or advisory boards). Any 
listing of a national bank's honorary or advisory directors must 
distinguish between those directors and the bank's board of directors 
or indicate their advisory status.
     12 CFR 7.2014(b) (Indemnification of institution-
affiliated parties--Administrative proceeding or civil actions not 
initiated by a federal agency). A national bank shall designate in its 
bylaws the body of law selected for making indemnification payments.
     12 CFR 7.2024(a) (Staggered terms for national bank 
directors). Any national bank may adopt bylaws that provide for the 
staggering the terms of its directors. National banks shall provide the 
OCC with copies of any bylaws so amended.
     12 CFR 7.2024(c) (Size of bank board). A national bank 
seeking to increase the number of its directors must notify the OCC any 
time the proposed size would exceed 25 directors.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 1,294.
    Estimated Total Annual Burden: 611 hours.
    Frequency of Response: On occasion.
    Comments submitted in response to this notice will be summarized 
and

[[Page 55487]]

included in the request for OMB approval. All comments will become a 
matter of public record. Comments are 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 
collection of information;
    (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: November 13, 2017.
Karen Solomon,
Acting Senior Deputy Comptroller and Chief Counsel, Office of the 
Comptroller of the Currency.
[FR Doc. 2017-25185 Filed 11-20-17; 8:45 am]
 BILLING CODE 4810-33-P

Federal Register / Vol. 82, No. 223 / Tuesday, November 21, 2017 / Notices 55487

included in the request for OMB subject to delay, commenters are entity that is exempt from registration
approval. All comments will become a encouraged to submit comments by under section 3(c)(1) of the Investment
matter of public record. Comments are email, if possible. Comments may be Company Act of 1940 1 if the portfolio
invited on: sent to: Legislative and Regulatory of the entity consists exclusively of
(a) Whether the collection of Activities Division, Office of the assets that a national bank may
information is necessary for the proper Comptroller of the Currency, Attention: purchase and sell for its own account.
performance of the functions of the 1557–0205, 400 7th Street SW., Suite The OCC uses the information
OCC, including whether the information 3E–218, Washington, DC 20219. In contained in the request as a basis for
has practical utility; addition, comments may be sent by fax ensuring that the bank’s investment is
(b) The accuracy of the OCC’s to (571) 465–4326 or by electronic mail consistent with its investment authority
estimate of the burden of the collection to prainfo@occ.treas.gov. You may under applicable law and does not pose
of information; personally inspect and photocopy unacceptable risk.
(c) Ways to enhance the quality, comments at the OCC, 400 7th Street Under 12 CFR 1.7(b), a national bank
utility, and clarity of the information to SW., Washington, DC 20219. For may request OCC approval to extend the
be collected; security reasons, the OCC requires that five-year holding period for securities
(d) Ways to minimize the burden of visitors make an appointment to inspect held in satisfaction of debts previously
the collection on respondents, including comments. You may do so by calling contracted for up to an additional five
through the use of automated collection (202) 649–6700 or, for persons who are years. In its request, the bank must
techniques or other forms of information deaf or hearing impaired, TTY, (202) provide a clearly convincing
technology; and 649–5597. Upon arrival, visitors will be demonstration of why any additional
(e) Estimates of capital or start-up required to present valid government- holding period is needed. The OCC uses
costs and costs of operation, issued photo identification and submit the information in the request to ensure,
maintenance, and purchase of services to security screening in order to inspect on a case-by-case basis, that the bank’s
to provide information. and photocopy comments. purpose in retaining the securities is not
Dated: November 13, 2017. All comments received, including speculative and that the bank’s reasons
Karen Solomon, attachments and other supporting for requesting the extension are
Acting Senior Deputy Comptroller and Chief materials, are part of the public record adequate. The OCC also uses the
Counsel, Office of the Comptroller of the and subject to public disclosure. Do not information to evaluate the risks to the
Currency. include any information in your bank of extending the holding period,
[FR Doc. 2017–25185 Filed 11–20–17; 8:45 am] comment or supporting materials that including potential effects on the bank’s
BILLING CODE 4810–33–P you consider confidential or safety and soundness.
inappropriate for public disclosure. Type of Review: Extension of a
FOR FURTHER INFORMATION CONTACT: currently approved collection.
DEPARTMENT OF THE TREASURY Shaquita Merritt, OCC Clearance Affected Public: Businesses or other
Officer, (202) 649–5490 or, for persons for-profit.
Comptroller of the Currency who are deaf or hearing impaired, TTY, Estimated Number of Respondents:
(202) 649–5597, Legislative and 25.
Agency Information Collection Estimated Total Annual Burden: 460
Regulatory Activities Division, Office of
Activities: Information Collection hours.
the Comptroller of the Currency, 400 7th
Renewal; Comment Request; Frequency of Response: On occasion.
Street SW., Washington, DC 20219.
Investment Securities Comments submitted in response to
SUPPLEMENTARY INFORMATION: Under the
AGENCY: Office of the Comptroller of the PRA (44 U.S.C. 3501–3520), federal this notice will be summarized and
Currency (OCC), Treasury. agencies must obtain approval from the included in the request for OMB
ACTION: Notice and request for comment. OMB for each collection of information approval. All comments will become a
that they conduct or sponsor. matter of public record. Comments are
SUMMARY: The OCC, as part of its ‘‘Collection of information’’ is defined invited on:
continuing effort to reduce paperwork in 44 U.S.C. 3502(3) and 5 CFR (a) Whether the collection of
and respondent burden, invites the 1320.3(c) to include agency requests or information is necessary for the proper
general public and other federal requirements that members of the public performance of the functions of the
agencies to take this opportunity to submit reports, keep records, or provide OCC, including whether the information
comment on a continuing information information to a third party. Section has practical utility;
collection as required by the Paperwork 3506(c)(2)(A) of title 44 requires federal (b) The accuracy of the OCC’s
Reduction Act of 1995 (PRA). agencies to provide a 60-day notice in estimate of the burden of the collection
In accordance with the requirements the Federal Register concerning each of information;
of the PRA, the OCC may not conduct proposed collection of information, (c) Ways to enhance the quality,
or sponsor, and respondents are not including each renewal of an existing utility, and clarity of the information to
required to respond to, an information collection of information, before be collected;
collection unless it displays a currently submitting the collection to OMB for (d) Ways to minimize the burden of
valid Office of Management and Budget approval. To comply with this the collection on respondents, including
(OMB) control number. through the use of automated collection
asabaliauskas on DSKBBXCHB2PROD with NOTICES

requirement, the OCC is publishing
The OCC is soliciting comment notice of the renewal of the collection techniques or other forms of information
concerning the renewal of its of information set forth in this technology; and
information collection titled, document. (e) Estimates of capital or start-up
‘‘Investment Securities.’’ Title: Investment Securities. costs and costs of operation,
DATES: You should submit written OMB Control No.: 1557–0205. maintenance, and purchase of services
comments by January 22, 2018. Description: Under 12 CFR 1.3(h)(2), a to provide information.
ADDRESSES: Because paper mail in the national bank may request an OCC
Washington, DC area and at the OCC is determination that it may invest in an 1 15 U.S.C. 80a–3(c)(1).

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Document Created: 2017-11-21 00:43:10
Document Modified: 2017-11-21 00:43:10

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 January 22, 2018.
Contact		Shaquita Merritt, OCC Clearance Officer, (202) 649-5490, 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 55486

82 FR 55486 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; Bank Activities and Operations; Investment in Bank Premises

DEPARTMENT OF THE TREASURYOffice of the Comptroller of the Currency

Federal Register Volume 82, Issue 223 (November 21, 2017)

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency