83_FR_4978 83 FR 4955 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Bank Activities and Operations; Investment in Bank Premises

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)

Page Range4955-4956
FR Document2018-02057

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 Issue 23 (Friday, February 2, 2018) 
[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 prainfo@occ.treas.gov. 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 
oirasubmission@omb.eop.gov.

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

Federal Register / Vol. 83, No. 23 / Friday, February 2, 2018 / Notices 4955 three business day comment period, or 465–4326 or by email to prainfo@ savings association may invest in at the request of a grantee or subgrantee occ.treas.gov. You may personally banking premises and other premises- upon denial of a request for relief. FTA inspect and photocopy comments at the related investments, loans, or shall notify the grantee or subgrantee if OCC, 400 7th Street SW, Washington, indebtedness by filing an application for it plans to reconsider a decision. FTA DC 20219. For security reasons, the OCC prior approval whenever its investment decision letters, either granting or requires that visitors make an in bank premises will cause it to exceed denying a petition, shall be posted in appointment to inspect comments. You its capital stock. The application must the Emergency Relief Docket and shall may do so by calling (202) 649–6700 or, describe the present and proposed reference the document number of the for persons who are deaf or hearing investment and the business reason for petition to which it relates. impaired, TTY, (202) 649–5597. Upon exceeding the limit. A bank with a Issued in Washington, DC. arrival, visitors will be required to composite 1 or 2 CAMELS rating K. Jane Williams, present valid government-issued photo entering a transaction that increases its identification and submit to security aggregate bank premises investment to Deputy Administrator. screening in order to inspect and not more than 150 percent of its capital [FR Doc. 2018–02083 Filed 2–1–18; 8:45 am] photocopy comments. and surplus may proceed without prior BILLING CODE P All comments received, including OCC approval, but must provide an attachments and other supporting after-the-fact notice. materials, are part of the public record • 12 CFR 7.1014 (Sale of money DEPARTMENT OF THE TREASURY and subject to public disclosure. Do not orders at nonbanking outlets). A include any information in your national bank may designate bonded Office of the Comptroller of the comment or supporting materials that agents to sell the bank’s money orders Currency you consider confidential or at nonbanking outlets. The inappropriate for public disclosure. responsibility of both the bank and its Agency Information Collection Additionally, please send a copy of agent should be defined in a written Activities: Information Collection your comments by mail to: OCC Desk agreement setting forth the duties of Renewal; Submission for OMB Review; Officer, 1557–0204, U.S. Office of both parties and providing for Bank Activities and Operations; Management and Budget, 725 17th remuneration of the agent. Investment in Bank Premises • 12 CFR 7.2000(b) (Corporate Street NW, #10235, Washington, DC AGENCY: Office of the Comptroller of the 20503 or by email to oirasubmission@ governance procedures—Other sources Currency (OCC), Treasury. omb.eop.gov. of guidance). A national bank shall ACTION: Notice and request for FOR FURTHER INFORMATION CONTACT: designate in its bylaws the body of law comment. Shaquita Merritt, OCC Clearance selected for its corporate governance Officer, (202) 649–5490, for persons procedures. SUMMARY: The OCC, as part of its • 12 CFR 7.2004 (Honorary directors who are deaf or hearing impaired, TTY, continuing effort to reduce paperwork or advisory boards). Any listing of a (202) 649–5597, Legislative and and respondent burden, invites the national bank’s honorary or advisory Regulatory Activities Division, Office of general public and other federal directors must distinguish between the Comptroller of the Currency, 400 7th agencies to take this opportunity to those directors and the bank’s board of Street SW, suite 3E–218, Washington, comment on a continuing information directors or indicate their advisory DC 20219. collection as required by the Paperwork status. SUPPLEMENTARY INFORMATION: Under the • 12 CFR 7.2014(b) (Indemnification Reduction Act of 1995 (PRA). In accordance with the requirements PRA (44 U.S.C. 3501–3520), federal of institution-affiliated parties— of the PRA, the OCC may not conduct agencies must obtain approval from the Administrative proceeding or civil or sponsor, and the respondent is not OMB for each collection of information actions not initiated by a federal required to respond to, an information that they conduct or sponsor. agency). A national bank shall designate collection unless it displays a currently ‘‘Collection of information’’ is defined in its bylaws the body of law selected valid Office of Management and Budget in 44 U.S.C. 3502(3) and 5 CFR for making indemnification payments. (OMB) control number. 1320.3(c) to include agency requests or • 12 CFR 7.2024(a) (Staggered terms The OCC is soliciting comment requirements that members of the public for national bank directors). Any concerning the renewal of its submit reports, keep records, or provide national bank may adopt bylaws that information collection titled, ‘‘Bank information to a third party. The OCC provide for staggering the terms of its Activities and Operations; Investment in requests that OMB extend its approval directors. National banks shall provide Bank Premises.’’ The OCC also is giving of this collection. the OCC with copies of any bylaws so Title: Bank Activities and Operations; amended. notice that it has sent the collection to OMB review. Investment in Bank Premises. • 12 CFR 7.2024(c) (Size of bank OMB Control No.: 1557–0204. board). A national bank seeking to DATES: You should submit written Description: The information increase the number of its directors comments by March 5, 2018. collection requirements ensure that must notify the OCC any time the ADDRESSES: Because paper mail in the institutions conduct their operations in proposed size would exceed 25 Washington, DC area and at the OCC is a safe and sound manner and in directors. subject to delay, commenters are accordance with applicable federal Type of Review: Extension of a encouraged to submit comments by sradovich on DSK3GMQ082PROD with NOTICES banking statutes and regulations. The currently approved collection. email, if possible. Comments may be information is necessary for regulatory Affected Public: Businesses or other sent to: Legislative and Regulatory and examination purposes. for-profit. Activities Division, Office of the The information collection Estimated Number of Respondents: Comptroller of the Currency, Attention: requirements are as follows: 1,294. 1557–0204, 400 7th Street SW, suite 3E– • 12 CFR 5.37 (Investment in national Estimated Total Annual Burden: 561 218, Washington, DC 20219. In addition, bank or federal savings association hours. comments may be sent by fax to (571) premises). A national bank or federal Frequency of Response: On occasion. VerDate Sep<11>2014 18:03 Feb 01, 2018 Jkt 244001 PO 00000 Frm 00062 Fmt 4703 Sfmt 4703 E:\FR\FM\02FEN1.SGM 02FEN1

4956 Federal Register / Vol. 83, No. 23 / Friday, February 2, 2018 / Notices The OCC issued a notice for 60 days ADDRESSES: Because paper mail in the OMB Control No.: 1557–0102. comment regarding this collection on Washington, DC area and at the OCC is Description: This submission covers November 21, 2017, 82 FR 55486. No subject to delay, commenters are an existing regulation and involves no comments were received. Comments encouraged to submit comments by change to the regulation or to the continue to be invited on: email, if possible. Comments may be information collection requirements. (a) Whether the collection of sent to: Legislative and Regulatory The OCC requests only that OMB extend information is necessary for the proper Activities Division, Office of the its approval of the information performance of the functions of the Comptroller of the Currency, Attention: collection. OCC, including whether the information 1557–0102, 400 7th Street SW, suite 3E– 12 CFR 28.3 Filing Requirements for has practical utility; 218, Washington, DC 20219. In addition, Foreign Operations of a National (b) The accuracy of the OCC’s comments may be sent by fax to (571) Bank—Notice Requirement estimate of the burden of the collection 465–4326 or by electronic mail to of information; prainfo@occ.treas.gov. You may A national bank shall notify the OCC (c) Ways to enhance the quality, personally inspect and photocopy when it files an application, notice, or utility, and clarity of the information to comments at the OCC, 400 7th Street report with the FRB 1 to establish or be collected; SW, Washington, DC 20219. For open a foreign branch, or acquire or (d) Ways to minimize the burden of security reasons, the OCC requires that divest of an interest in, or close, an Edge the collection on respondents, including visitors make an appointment to inspect corporation, Agreement corporation, through the use of automated collection comments. You may do so by calling foreign bank, or other foreign techniques or other forms of information (202) 649–6700 or, for persons who are organization; or opens a foreign branch, technology; and deaf or hearing impaired, TTY, (202) and no application or notice is required (e) Estimates of capital or start-up 649–5597. Upon arrival, visitors will be by the FRB for such transaction. costs and costs of operation, required to present valid government- In practice, the OCC also has required maintenance, and purchase of services issued photo identification and submit an application pursuant to § 28.3(c) to provide information. to security screening in order to inspect from a national bank seeking to join a Dated: January 29, 2018. and photocopy comments. foreign exchange, clearinghouse, or Karen Solomon, All comments received, including similar type of organization. In lieu of attachments and other supporting a notice, the OCC may accept a copy of Acting Senior Deputy Comptroller and Chief Counsel, Office of the Comptroller of the materials, are part of the public record an application, notice, or report Currency. and subject to public disclosure. Do not submitted to another federal agency that [FR Doc. 2018–02057 Filed 2–1–18; 8:45 am] include any information in your covers the proposed action and contains comment or supporting materials that substantially the same information BILLING CODE 4810–33–P you consider confidential or required by the OCC. A national bank inappropriate for public disclosure. shall furnish the OCC with any DEPARTMENT OF THE TREASURY FOR FURTHER INFORMATION CONTACT: additional information the OCC may Shaquita Merritt, OCC Clearance require in connection with the national Office of the Comptroller of the Officer, (202) 649–5490 or, for persons bank’s foreign operations. Currency who are deaf or hearing impaired, TTY, 12 CFR 28.14(c) Limitations Based upon (202) 649–5597, Legislative and Capital of a Foreign Bank—Aggregation Agency Information Collection Regulatory Activities Division, Office of Activities: Information Collection A foreign bank shall aggregate the Comptroller of the Currency, 400 7th Renewal; Comment Request; business transacted by all federal Street SW, suite 3E–218, Washington, International Regulation branches and agencies with the business DC 20219. transacted by all state branches and AGENCY: Office of the Comptroller of the SUPPLEMENTARY INFORMATION: Under the agencies controlled by the foreign bank Currency (OCC), Treasury. PRA (44 U.S.C. 3501–3520), Federal in determining its compliance with ACTION: Notice and request for comment. agencies must obtain approval from the limitations based upon the capital of the OMB for each collection of information foreign bank. A foreign bank shall SUMMARY: The OCC, as part of its that they conduct or sponsor. designate one federal branch or agency continuing effort to reduce paperwork ‘‘Collection of information’’ is defined office in the United States to maintain and respondent burden, invites the in 44 U.S.C. 3502(3) and 5 CFR consolidated information so that the general public and other federal 1320.3(c) to include agency requests or OCC can monitor compliance. agencies to take this opportunity to requirements that members of the public comment on a continuing information submit reports, keep records, or provide 12 CFR 28.15(d), (d)(1), (d)(2), and (f) collection as required by the Paperwork information to a third party. Section Capital Equivalency Deposits Reduction Act of 1995 (PRA). 3506(c)(2)(A) of title 44 requires federal A foreign bank should require its In accordance with the requirements agencies to provide a 60-day notice in depository bank to segregate its capital of the PRA, the OCC may not conduct the Federal Register concerning each equivalency deposits on the depository or sponsor, and the respondent is not proposed collection of information, bank’s books and records. The required to respond to, an information including each renewal of an existing instruments making up the capital collection unless it displays a currently collection of information, before equivalency deposit that are placed in valid Office of Management and Budget sradovich on DSK3GMQ082PROD with NOTICES submitting the collection to OMB for safekeeping at a depository bank to (OMB) control number. approval. To comply with this satisfy a foreign bank’s capital The OCC is soliciting comment requirement, the OCC is publishing equivalency deposit requirement must concerning the renewal of its notice of the renewal of the collection be maintained pursuant to an agreement information collection titled of information set forth in this prescribed by the OCC that shall be a ‘‘International Regulation.’’ document. DATES: Comments must be received by Title: International Regulation—Part 1 Board of Governors of the Federal Reserve April 3, 2018. 28. System. VerDate Sep<11>2014 18:03 Feb 01, 2018 Jkt 244001 PO 00000 Frm 00063 Fmt 4703 Sfmt 4703 E:\FR\FM\02FEN1.SGM 02FEN1


Document Created: 2018-02-03 14:27:29
Document Modified: 2018-02-03 14:27:29
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and request for comment.
DatesYou should submit written comments by March 5, 2018.
ContactShaquita 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.
FR Citation83 FR 4955 
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