83 FR 4955 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Bank Activities and Operations; Investment in Bank Premises

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency

Federal Register Volume 83, Issue 23 (February 2, 2018)

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.'' The OCC also is giving notice that it has sent the collection to OMB review.

[Federal Register Volume 83, Number 23 (Friday, February 2, 2018)]
[Notices]
[Pages 4955-4956]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-02057]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Submission for OMB Review; 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.'' The OCC also is giving notice that it 
has sent the collection to OMB review.

DATES: You should submit written comments by March 5, 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.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-0204, 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, 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 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. The OCC requests 
that OMB extend its approval of this collection.
    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 7.1014 (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 
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: 561 hours.
    Frequency of Response: On occasion.

[[Page 4956]]

    The OCC issued a notice for 60 days comment regarding this 
collection on November 21, 2017, 82 FR 55486. 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 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: January 29, 2018.
Karen Solomon,
Acting Senior Deputy Comptroller and Chief Counsel, Office of the 
Comptroller of the Currency.
[FR Doc. 2018-02057 Filed 2-1-18; 8:45 am]
 BILLING CODE 4810-33-P