82 FR 55487 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; Investment Securities
DEPARTMENT OF THE TREASURY
Comptroller of the Currency Federal Register Volume 82, Issue 223 (November 21, 2017)
Comptroller of the Currency
Federal Register Volume 82, Issue 223 (November 21, 2017)
| Page Range | 55487-55488 | |
| FR Document | 2017-25187 |
[Federal Register Volume 82, Number 223 (Tuesday, November 21, 2017)] [Notices] [Pages 55487-55488] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-25187] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Comment Request; Investment Securities 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, ``Investment Securities.'' 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: 1557-0205, 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 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 or, for persons who are deaf or hearing impaired, 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 renewal 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 renewal of the collection of information set forth in this document. Title: Investment Securities. OMB Control No.: 1557-0205. Description: Under 12 CFR 1.3(h)(2), a national bank may request an OCC determination that it may invest in an entity that is exempt from registration under section 3(c)(1) of the Investment Company Act of 1940 \1\ if the portfolio of the entity consists exclusively of assets that a national bank may purchase and sell for its own account. The OCC uses the information contained in the request as a basis for ensuring that the bank's investment is consistent with its investment authority under applicable law and does not pose unacceptable risk. Under 12 CFR 1.7(b), a national bank may request OCC approval to extend the five-year holding period for securities held in satisfaction of debts previously contracted for up to an additional five years. In its request, the bank must provide a clearly convincing demonstration of why any additional holding period is needed. The OCC uses the information in the request to ensure, on a case-by-case basis, that the bank's purpose in retaining the securities is not speculative and that the bank's reasons for requesting the extension are adequate. The OCC also uses the information to evaluate the risks to the bank of extending the holding period, including potential effects on the bank's safety and soundness. --------------------------------------------------------------------------- \1\ 15 U.S.C. 80a-3(c)(1). --------------------------------------------------------------------------- Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 25. Estimated Total Annual Burden: 460 hours. Frequency of Response: On occasion. Comments submitted in response to this notice will be summarized and 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. [[Page 55488]] Dated: November 13, 2017. Karen Solomon, Acting Senior Deputy Comptroller and Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2017-25187 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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![55488 Federal Register / Vol. 82, No. 223 / Tuesday, November 21, 2017 / Notices
Dated: November 13, 2017. The following paragraph applies to all C—Certificate of Partner-Level Items to
Karen Solomon, of the collections of information covered Reduce Section 1446 Withholding.
Acting Senior Deputy Comptroller and Chief by this notice: DATES: Written comments should be
Counsel, Office of the Comptroller of the An agency may not conduct or received on or before January 22, 2018
Currency. sponsor, and a person is not required to to be assured of consideration.
[FR Doc. 2017–25187 Filed 11–20–17; 8:45 am] respond to, a collection of information ADDRESSES: Direct all written comments
BILLING CODE 4810–33–P unless the collection of information to L. Brimmer, Internal Revenue
displays a valid OMB control number. Service, Room 6526, 1111 Constitution
Books or records relating to a collection Avenue NW., Washington, DC 20224.
DEPARTMENT OF THE TREASURY of information must be retained as long FOR FURTHER INFORMATION: Requests for
as their contents may become material additional information or copies of the
Internal Revenue Service in the administration of any internal regulations should be directed to Martha
Proposed Collection; Comment revenue law. Generally, tax returns and R. Brinson, at (202) 317–5753 or at
Request for Regulation Project tax return information are confidential, Internal Revenue Service, Room 6526,
as required by 26 U.S.C. 6103. 1111 Constitution Avenue NW.,
AGENCY: Internal Revenue Service (IRS), Request for Comments: Comments Washington, DC 20224, or through the
Treasury. submitted in response to this notice will Internet at Martha.R.Brinson@irs.gov.
ACTION: Notice and request for be summarized and/or included in the SUPPLEMENTARY INFORMATION:
comments. request for OMB approval. All Title: TD 9394 (REG–108524–00)
comments will become a matter of (Final)—Section 1446 Regulations; Form
SUMMARY: The Internal Revenue Service public record. Comments are invited on: 8804–C—Certificate of Partner-Level
(IRS), as part of its continuing effort to (a) Whether the collection of Items to Reduce Section 1446
reduce paperwork and respondent information is necessary for the proper Withholding.
burden, invites the general public and performance of the functions of the OMB Number: 1545–1934.
other Federal agencies to take this agency, including whether the Regulation Project Number: T.D. 9394,
opportunity to comment on information information shall have practical utility; Form 8804–C.
collections, as required by the (b) the accuracy of the agency’s estimate Abstract: Form 8804–C will be a form
Paperwork Reduction Act of 1995. The of the burden of the collection of a foreign partner would voluntary
IRS is soliciting comments concerning information; (c) ways to enhance the submit to the partnership if it chooses
Ten or More Employer Plans. quality, utility, and clarity of the to provide a certification that could
DATES: Written comments should be information to be collected; (d) ways to reduce or eliminate the partnership’s
received on or before January 19, 2018 minimize the burden of the collection of need to withhold 1446 tax.
to be assured of consideration. information on respondents, including Current Actions: There is no change to
ADDRESSES: Direct all written comments through the use of automated collection this existing regulation.
to L. Brimmer, Internal Revenue techniques or other forms of information Type of Review: Extension of a
Service, Room 6526, 1111 Constitution technology; and (e) estimates of capital currently approved collection.
Avenue NW., Washington, DC 20224. or start-up costs and costs of operation, Affected Public: Businesses and other
maintenance, and purchase of services for-profit organizations, Individuals or
FOR FURTHER INFORMATION: Requests for
to provide information. Households, and Not-for-Profit
additional information or copies of the
regulations should be directed to Martha Approved: November 6, 2017. Organizations.
R. Brinson, at (202) 317–5753 or at L. Brimmer, Estimated Number of Respondents:
Internal Revenue Service, Room 6526, Senior Tax Analyst. 1,001.
Estimated Time per Response: 18 hrs.,
1111 Constitution Avenue NW., [FR Doc. 2017–25126 Filed 11–20–17; 8:45 am]
42 mins.
Washington, DC 20224, or through the BILLING CODE 4830–01–P
Estimated Total Burden Hours:
Internet at Martha.R.Brinson@irs.gov.
18,701.
SUPPLEMENTARY INFORMATION: The following paragraph applies to all
Title: Ten or More Employer Plans. DEPARTMENT OF THE TREASURY
of the collections of information covered
OMB Number: 1545–1795. by this notice:
Internal Revenue Service
Regulation Project Number: T.D. 9079. An agency may not conduct or
Abstract: This document contains Proposed Collection; Comment sponsor, and a person is not required to
final regulations that provide rules Request for Regulation Project respond to, a collection of information
regarding requirements for a welfare unless the collection of information
benefit fund that is part of a 10 or more AGENCY: Internal Revenue Service (IRS), displays a valid OMB control number.
employer plan. The regulations affect Treasury. Books or records relating to a collection
employers that provide welfare benefits ACTION: Notice and request for of information must be retained as long
to employees through a plan to which comments. as their contents may become material
more than one employer contributes. in the administration of any internal
Current Actions: There is no change to SUMMARY: The Internal Revenue Service revenue law. Generally, tax returns and
this existing regulation.
asabaliauskas on DSKBBXCHB2PROD with NOTICES
(IRS), as part of its continuing effort to tax return information are confidential,
Type of Review: Extension of a reduce paperwork and respondent as required by 26 U.S.C. 6103.
currently approved collection. burden, invites the general public and Request for Comments: Comments
Affected Public: Business or other for- other Federal agencies to take this submitted in response to this notice will
profit or not-for-profit institutions. opportunity to comment on information be summarized and/or included in the
Estimated Number of Respondents: collections, as required by the request for OMB approval. All
100. Paperwork Reduction Act of 1995. The comments will become a matter of
Estimated Time per Response: 25 hrs. IRS is soliciting comments concerning public record. Comments are invited on:
Estimated Total Burden Hours: 2,500. Section 1446 Regulations; Form 8804– (a) Whether the collection of
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Document Created: 2017-11-21 00:42:54
Document Modified: 2017-11-21 00:42:54
| 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 or, for persons who are deaf or hearing impaired, 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 55487 |
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