83 FR 32335 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Subordinated Debt Licensing Requirements
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 83, Issue 134 (July 12, 2018)
Office of the Comptroller of the Currency
Federal Register Volume 83, Issue 134 (July 12, 2018)
| Page Range | 32335-32337 | |
| FR Document | 2018-14941 |
[Federal Register Volume 83, Number 134 (Thursday, July 12, 2018)] [Notices] [Pages 32335-32337] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-14941] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Subordinated Debt Licensing Requirements 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 [[Page 32336]] information collection titled, ``Subordinated Debt Licensing Requirements.'' The OCC also is giving notice that it has sent the collection to OMB for review. DATES: Comments must be submitted on or before August 13, 2018. ADDRESSES: Commenters are encouraged to submit comments by email, if possible. You may submit comments by any of the following methods:Email: [email protected]. Mail: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557-0320, 400 7th Street SW, Suite 3E-218, Washington, DC 20219. Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, Washington, DC 20219. Fax: (571) 465-4326. Instructions: You must include ``OCC'' as the agency name and ``1557-0320'' in your comment. In general, the OCC will publish your comment on www.reginfo.gov without change, including any business or personal information that you provide, such as name and address information, email addresses, or phone numbers. 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, 1557-0320, U.S. Office of Management and Budget, 725 17th Street NW, #10235, Washington, DC 20503 or by email to [email protected]. You may review comments and other related materials that pertain to this information collection \1\ following the close of the 30-day comment period for this notice by any of the following methods: --------------------------------------------------------------------------- \1\ On April 3, 2018, the OCC published a 60-day notice for this information collection; no public comments were received. --------------------------------------------------------------------------- Viewing Comments Electronically: Go to www.reginfo.gov. Click on the ``Information Collection Review'' tab. Underneath the ``Currently under Review'' section heading, from the drop-down menu, select ``Department of Treasury'' and then click ``submit.'' This information collection can be located by searching by OMB control number ``1557-0320'' or ``Subordinated Debt Licensing Requirements.'' Upon finding the appropriate information collection, click on the related ``ICR Reference Number.'' On the next screen, select ``View Supporting Statement and Other Documents'' and then click on the link to any comment listed at the bottom of the screen. For assistance in navigating www.reginfo.gov, please contact the Regulatory Information Service Center at (202) 482-7340. Viewing Comments Personally: You may personally inspect comments at the OCC, 400 7th Street SW, Washington, DC. 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 comments. FOR FURTHER INFORMATION CONTACT: 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, Suite 3E-218, 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 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 asks OMB to extend its approval of the following collection. Title: Subordinated Debt Licensing Requirements. OMB Control No.: 1557-0320. Frequency of Response: On occasion. Affected Public: Business or other for-profit. Burden Estimates: Prepayment of Subordinated Debt in Form of Call Option: 184 Respondents; 1.30 burden hours per respondent; 239 total burden hours. Authority to Limit Distributions: 42 Respondents; 0.5 hours per respondent; 21 total burden hours. Total Burden: 260 hours. Description: The scope of this Information Collection Renewal is limited to the following: (1) The 12 CFR 5.47(g) and 12 CFR 5.56(b) requirements that national banks and federal savings associations (collectively, ``institutions'') apply for OCC approval prior to prepaying subordinated debt if the prepayment is in the form of a call option and (2) the 12 CFR 5.47(d) requirement that national banks issuing subordinated debt disclose the OCC's authority under 12 CFR 3.11 to limit distributions. National banks must receive prior OCC approval in order to prepay subordinated debt that is included in tier 2 capital, and certain banks must receive prior approval to prepay subordinated debt that is not included in tier 2 capital. If the prepayment is in the form of a call option, a national bank must submit the information required for general prepayment requests under 12 CFR 5.47(g)(1)(ii)(A) and also comply with 12 CFR 5.47(g)(1)(ii)(B)(2), which requires a national bank to submit either: (1) A statement explaining why the bank believes that following the proposed prepayment the bank would continue to hold an amount of capital commensurate with its risk or (2) a description of the replacement capital instrument that meets the criteria for tier 1 or tier 2 capital under 12 CFR 3.20, including the amount of such instrument and the time frame for issuance. Federal savings associations must receive OCC approval prior to prepaying subordinated debt securities or mandatorily redeemable preferred stock included in tier 2 capital. If the prepayment is in the form of a call option, a federal savings association must submit the information required for general prepayment requests under 12 CFR 5.56(b)(2)(i) and also comply with 12 CFR 5.56(b)(2)(ii)(A), which requires a federal savings association to submit either: (1) A statement explaining why the federal savings association believes that following the proposed prepayment the savings association would continue to hold an amount of capital commensurate with its risk or (2) a description of the replacement capital instrument that meets the criteria for tier 1 or tier 2 capital under 12 CFR 3.20, including the amount of such instrument and the time frame for issuance. Pursuant to 12 CFR 5.47(d)(3)(ii)(C), a national bank issuing subordinated debt must disclose on the face of the note the OCC's authority under 12 CFR 3.11 to limit distributions, including interest payments on any tier 2 capital instrument if the national bank has full discretion to permanently or temporarily suspend such payments without triggering an event of default. 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 collections of information are necessary for the proper [[Page 32337]] performance of the OCC's functions, including whether the information has practical utility; (b) The accuracy of the OCC's estimates of the burden of the information collections, including the validity of the methodology and assumptions used; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; and (d) Ways to minimize the burden of information collections on respondents, including through the use of automated collection techniques or other forms of information technology. Dated: July 6, 2018. Karen Solomon, Acting First Deputy Comptroller and Chief Counsel. [FR Doc. 2018-14941 Filed 7-11-18; 8:45 am] BILLING CODE 4810-33-P
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without edit, including any personal DEPARTMENT OF TRANSPORTATION New Jersey Avenue SE, Washington,
information the commenter provides, to DC, between 9 a.m. and 5 p.m., Monday
http://www.regulations.gov, as Federal Aviation Administration through Friday, except Federal holidays.
described in the system of records [Summary Notice No. PE–2018–57] FOR FURTHER INFORMATION CONTACT: Jake
notice (DOT/ALL–14 FDMS), which can Troutman, (202) 683–7788, 800
be reviewed at http://www.dot.gov/ Petition for Exemption; Summary of Independence Avenue SW, Washington,
privacy. Petition Received; NextEra Energy, Inc. DC 20591.
Docket: Background documents or This notice is published pursuant to
AGENCY: Federal Aviation 14 CFR 11.85.
comments received may be read at Administration (FAA), DOT.
http://www.regulations.gov at any time. ACTION: Notice. Lirio Liu,
Follow the online instructions for Executive Director, Office of Rulemaking.
accessing the docket or go to the Docket SUMMARY: This notice contains a
summary of a petition seeking relief Petition for Exemption
Operations in Room W12–140 of the
West Building Ground Floor at 1200 from specified requirements of Title 14 Docket No.: FAA–2018–0225.
New Jersey Avenue SE, Washington, of the Code of Federal Regulations. The Petitioner: NextEra Energy, Inc.
DC, between 9 a.m. and 5 p.m., Monday purpose of this notice is to improve the Section(s) of 14 CFR Affected:
through Friday, except Federal holidays. public’s awareness of, and participation §§ 61.23(a) & (c); 61.101(e)(4) & (5);
in, the FAA’s exemption process. 61.113(a); 61.315(a); 91.7(a),
FOR FURTHER INFORMATION CONTACT: Jake Neither publication of this notice nor 91.105(a)(2), 91.119(c); 91.121;
Troutman, (202) 683–7788, 800 the inclusion or omission of information 91.151(a)(1); 91.403(b); 91.405(a);
Independence Avenue SW, Washington, in the summary is intended to affect the 91.407(a)(1); 91.409(a)(1) & (2); 91.417(a)
DC 20591. legal status of the petition or its final & (b).
This notice is published pursuant to disposition. Description of Relief Sought: The
14 CFR 11.85. DATES: Comments on this petition must petitioner proposes to operate
identify the petition docket number and unmanned aircraft systems, weighing
Lirio Liu, more than 55 pounds, for aerial data
must be received on or before August 1,
Executive Director, Office of Rulemaking. 2018. collection operations, including support
of storm response. The operations will
Petition for Exemption ADDRESSES: Send comments identified
be within visual line of site of the pilot
by docket number FAA–2018–0225
Docket No.: FAA–2018–0325. or visual observer, under 400 feet, and
using any of the following methods:
at speeds at or less than 100 miles an
Petitioner: 3GLP, Inc. dba Precision • Federal eRulemaking Portal: Go to
hour.
Flight Devices. http://www.regulations.gov and follow
the online instructions for sending your [FR Doc. 2018–14912 Filed 7–11–18; 8:45 am]
Section(s) of 14 CFR Affected: Part 21,
comments electronically. BILLING CODE 4910–13–P
subpart H; part 27; 45.23(b); 45.27(a);
• Mail: Send comments to Docket
61.113; 91.7(a); 91.9(b)(2); 91.9(c);
Operations, M–30; U.S. Department of
91.103; 91.109(a); 91.119; 91.121; DEPARTMENT OF THE TREASURY
Transportation (DOT), 1200 New Jersey
91.151(a); 91.203(a) & (b); 91.405(a);
Avenue SE, Room W12–140, West
91.407(a)(1); 91.409(a)(1) & (2); 91.417(a) Building Ground Floor, Washington, DC Office of the Comptroller of the
& (b). 20590–0001. Currency
Description of Relief Sought: The • Hand Delivery or Courier: Take
Agency Information Collection
petitioner is requesting relief to comments to Docket Operations in
Activities: Information Collection
commercially operate a CW–30, hybrid Room W12–140 of the West Building
Renewal; Submission for OMB Review;
fixed wing and vertical takeoff and land Ground Floor at 1200 New Jersey
Subordinated Debt Licensing
multi-copter, unmanned aircraft (UA) Avenue SE, Washington, DC, between 9
Requirements
that weighs more than 55 pounds (lbs.). a.m. and 5 p.m., Monday through
The proposed operation would allow Friday, except Federal holidays. AGENCY: Office of the Comptroller of the
the petitioner to conduct aerial data • Fax: Fax comments to Docket Currency (OCC), Treasury.
collection to include remote sensing and Operations at 202–493–2251. ACTION: Notice and request for comment.
measuring by an instrument or Privacy: In accordance with 5 U.S.C.
combination of instruments aboard the 553(c), DOT solicits comments from the SUMMARY: The OCC, as part of its
UA. Specifically, Precision Flight public to better inform its rulemaking continuing effort to reduce paperwork
Devices intends to operate the UA at process. DOT posts these comments, and respondent burden, invites the
less than 30 miles per hour with a without edit, including any personal general public and other federal
maximum takeoff weight of 75 lbs. The information the commenter provides, to agencies to take this opportunity to
operations would be conducted within http://www.regulations.gov, as comment on a continuing information
visual line of sight over a 15.56 square described in the system of records collection as required by the Paperwork
mile area situated at and around Kiana notice (DOT/ALL–14 FDMS), which can Reduction Act of 1995 (PRA).
be reviewed at http://www.dot.gov/ In accordance with the requirements
and Nulato airfields (8 square miles per
privacy. of the PRA, the OCC may not conduct
amozie on DSK3GDR082PROD with NOTICES1
airport) in Western Alaska. The
Docket: Background documents or or sponsor, and the respondent is not
collection of UA high resolution data
comments received may be read at required to respond to, an information
and images may require operations as http://www.regulations.gov at any time. collection unless it displays a currently
close as 200 feet from non-participating Follow the online instructions for valid Office of Management and Budget
persons. accessing the docket or go to the Docket (OMB) control number.
[FR Doc. 2018–14913 Filed 7–11–18; 8:45 am] Operations in Room W12–140 of the The OCC is soliciting comment
BILLING CODE 4910–13–P West Building Ground Floor at 1200 concerning the renewal of its
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![Federal Register / Vol. 83, No. 134 / Thursday, July 12, 2018 / Notices 32337
performance of the OCC’s functions, FOR FURTHER INFORMATION CONTACT: to establish ground rules. Any
including whether the information has Melissa Avstreih, Designated Federal precipitous release of those discussions
practical utility; Officer, Office of Financial Research, through an open session will frustrate
(b) The accuracy of the OCC’s Department of the Treasury, 1500 program implementation, to the
estimates of the burden of the Pennsylvania Avenue NW, Washington, detriment of our Veterans who we
information collections, including the DC 20220, (202) 927–8032 (this is not a consider our greatest customer/
validity of the methodology and toll-free number), or OFR_FRAC@ benefactor of the commission.
assumptions used; ofr.treasury.gov. Persons who have Open sessions will be held on both
(c) Ways to enhance the quality, difficulty hearing or speaking may days in Capital Hilton’s South American
utility, and clarity of the information to access this number via TTY by calling AB room. The open session on Day 1
be collected; and the toll-free Federal Relay Service at will focus current VHA Whole Health
(d) Ways to minimize the burden of (800) 877–8339. Practices, VA’s Mental Health Services
information collections on respondents, and Resources. The open session Day 2
SUPPLEMENTARY INFORMATION: On July 2,
including through the use of automated will include review and discussion of
2018 (83 FR 31035), the OFR announced
collection techniques or other forms of the objectives of the Commission as
the 12th meeting of the Financial
information technology. described in the Comprehensive
Research Advisory Committee. The OFR
Dated: July 6, 2018. has had to change the start time for the Addiction and Recovery Act (CARA) of
Karen Solomon, meeting until 1:00 p.m. Eastern Time. 2016. A listening line will be available
Acting First Deputy Comptroller and Chief All other information in the notice is to the public who prefer to call in rather
Counsel. unchanged, including the location and than attend the open sessions at the
[FR Doc. 2018–14941 Filed 7–11–18; 8:45 am] tentative agenda/topics for discussion. Capital Hilton. This listening line
BILLING CODE 4810–33–P
number will be activated 10 minutes
Dated: July 3, 2018. before each of the two open sessions.
Barbara Shycoff, The listening line number is 800–767–
DEPARTMENT OF THE TREASURY Chief of External Affairs. 1750; access code 48664#.
[FR Doc. 2018–14949 Filed 7–11–18; 8:45 am] The purpose of the COVER
Open Meeting of the Financial BILLING CODE 4810–25–P Commission is to examine the evidence-
Research Advisory Committee based therapy treatment model used by
the Department of Veterans Affairs (VA)
AGENCY: Office of Financial Research, for treating mental health conditions of
Department of the Treasury. DEPARTMENT OF VETERANS
AFFAIRS Veterans and the potential benefits of
ACTION: Notice of open meeting; time incorporating complementary and
change. Creating Options for Veterans integrative health approaches as
Expedited Recovery (COVER) standard practice throughout the
SUMMARY: The Financial Research
Commission; Notice of Meeting Department. The Commission will: (1)
Advisory Committee for the Treasury’s
Examine the efficacy of the evidence-
Office of Financial Research (OFR) In accordance with the Federal based therapy model used by VA to treat
previously announced its 12th meeting Advisory Committee Act, the Creating mental health illnesses and identify
to be held on Thursday, July 26, 2018, Options for Veterans Expedited Recover areas of improvement; (2) conduct a
in the Benjamin Strong Room, Federal (COVER) Commission gives notice that patient-centered survey within each
Reserve Bank of New York, 33 Liberty the first meeting will be held on July 24 VISN to examine: The experiences of
Street, New York, New York, 10045, and July 25, 2018 at the Capital Hilton, veterans with VA facilities regarding
beginning at 11:00 a.m. Eastern Time. 1001 16th Street NW, Washington, DC. mental health care, the experiences of
By this notice, the OFR is changing the The meeting will convene at 8:00 a.m. veterans with non-VA facilities
start time for the meeting to 1:00 p.m. and adjourn at 5:00 p.m. EST on July 24 regarding mental health care, the
Eastern Time. The meeting will be open and July 25. The meeting will be preferences of veterans regarding
to the public and limited seating will be partially closed to the public on July 24, available treatment for mental health
available. 2018 and July 25, 2018. In accordance issues and which methods the veterans
DATES: The meeting will be held on with 5 U.S.C. 552b(c)(2) and (6), which believe to be most effective, the
Thursday, July 26, 2018, beginning at exempt a meeting from the requirement experience, if any, of veterans with
1:00 p.m. Eastern Time. to be open to the public, the meeting respect to complementary and
ADDRESSES: The meeting will be held in will be closed on July 24 from 8:00 a.m. integrative health approaches, the
the Benjamin Strong Room, Federal to 12:00 p.m. because it is likely to prevalence of prescribing medication to
Reserve Bank of New York, 33 Liberty ‘‘relate solely to the internal personnel veterans seeking treatment for mental
Street, New York, New York, 10045. The rules and practices of an agency’’ or health disorders through VA, and the
meeting will be open to the public. A ‘‘disclose . . . information of a personal outreach efforts of VA regarding the
limited number of seats will be available nature where disclosure would availability of benefits and treatments
for those interested in attending the constitute a clearly unwarranted for veterans for addressing mental
meeting, and those seats would be on a invasion of personal privacy.’’ On July health issues; (3) examine available
first-come, first-served basis. Because 25, the meeting will be closed from research on complementary and
the meeting will be held in a secured 12:00 p.m. to 5:00 p.m. under section integrative health approaches for mental
facility, members of the public who plan 552b(c)(9)(B) because it would reveal health disorders in areas of therapy
amozie on DSK3GDR082PROD with NOTICES1
to attend the meeting MUST contact the information the disclosure of which including: Music therapy, equine
OFR by email at OFR_FRAC@ would, ‘‘in the case of an agency, be therapy, training and caring for service
ofr.treasury.gov by 5 p.m. ET on likely to significantly frustrate dogs, yoga therapy, acupuncture
Thursday, July 19, 2018, to inform the implementation of a proposed agency therapy, meditation therapy, outdoor
OFR of their desire to attend the action.’’ This closed session will sports therapy, hyperbaric oxygen
meeting and receive further instructions include discussion of ground rules, therapy, accelerated resolution therapy,
about building clearance. decision making protocol, and strategy art therapy, magnetic resonance therapy,
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Document Created: 2018-11-06 10:22:00
Document Modified: 2018-11-06 10:22:00
| 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 August 13, 2018. | |
| Contact | 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, Suite 3E-218, Washington, DC 20219. | |
| FR Citation | 83 FR 32335 |
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