83_FR_62903 83 FR 62670 - Agency Information Collection Activities; Information Collection Renewal; Comment Request; Leasing

83 FR 62670 - Agency Information Collection Activities; Information Collection Renewal; Comment Request; Leasing

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency

Federal Register Volume 83, Issue 233 (December 4, 2018)

Page Range62670-62671
FR Document2018-26252

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, ``Leasing.''

Federal Register, Volume 83 Issue 233 (Tuesday, December 4, 2018)
[Federal Register Volume 83, Number 233 (Tuesday, December 4, 2018)]
[Notices]
[Pages 62670-62671]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-26252]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities; Information Collection 
Renewal; Comment Request; Leasing

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, ``Leasing.''

DATES: Comments must be received by February 4, 2019.

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: 1557-0206, 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 
``1557-0206'' in your comment. In general, the OCC publishes comments 
on www.reginfo.gov without change, including any business or personal 
information provided, 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.
    You may review comments and other related materials that pertain to 
this information collection beginning on the date of publication of the 
second notice for this collection \1\ by any of the following methods:
---------------------------------------------------------------------------

    \1\ Following the close of the 60-day comment period for this 
notice, the OCC will publish a notice for 30 days of comment for 
this collection.
---------------------------------------------------------------------------

     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 ``1557-0206'' or ``Leasing.'' 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: Shaquita Merritt, Clearance Officer, 
(202) 649-5490 or, for persons who are deaf or hearing impaired, TTY, 
(202) 649-5597, Chief Counsel's Office, 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 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. To comply with this requirement, the OCC is publishing notice 
of the collection of information set forth in this document.

[[Page 62671]]

    Title: Leasing.
    OMB Control No.: 1557-0206.
    Description: Under 12 CFR 23.4(c), national banks must liquidate or 
re-lease property that is no longer subject to lease (off-lease 
property) as soon as practicable and not later than five years from the 
date the bank acquires the legal right to possess or control the 
property. If a national bank wishes to extend the five-year holding 
period for up to an additional five years, it must obtain OCC approval. 
Section 23.4(c) requires a national bank seeking an extension to 
provide a clearly convincing demonstration as to why any additional 
holding period is necessary. In addition, a national bank must value 
off-lease property at the lower of current fair market value or book 
value promptly after the property becomes off-lease property.
    Under 12 CFR 23.6, leases are subject to the lending limits 
prescribed by 12 U.S.C. 84, as implemented by 12 CFR part 32, or, if 
the lessee is an affiliate of the national bank, to the restrictions on 
transactions with affiliates prescribed by 12 U.S.C. 371c and 371c-1; 
Regulation W, 12 CFR part 223; and other limits or restrictions the OCC 
determines apply.
    Twelve U.S.C. 24 contains two separate provisions authorizing a 
national bank to acquire personal property for purposes of lease 
financing. 12 U.S.C. 24 (Seventh) authorizes leases of personal 
property (Section 24 (Seventh) Leases) if the lease is a conforming 
lease as defined in 12 CFR 23.2(d)(2) and represents a noncancelable 
obligation of the lessee (i.e., the lease serves as the functional 
equivalent of a loan). See 12 CFR 23.20. A national bank also may 
acquire personal property for purposes of lease financing under the 
authority of 12 U.S.C. 24 (Tenth). Section 23.5 requires that if a 
national bank enters into both types of leases, its records must 
distinguish between the two types of leases. This information is 
required to establish that the national bank is complying with the 
limitations and requirements applicable to the two separate types of 
leases.
    Type of Review: Regular.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 229.
    Frequency of Response: On occasion.
    Estimated Total Annual Burden: 562.
    Comments submitted in response to this notice will be summarized 
and included in the submission to OMB. Comments are requested on:
    (a) Whether the information collections are necessary for the 
proper 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;
    (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; and
    (e) Estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: November 28, 2018.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2018-26252 Filed 12-3-18; 8:45 am]
 BILLING CODE 4810-33-P



     62670                       Federal Register / Vol. 83, No. 233 / Tuesday, December 4, 2018 / Notices

     MARAD–2018–0167 or visit the Docket                     DEPARTMENT OF THE TREASURY                            for this collection 1 by any of the
     Management Facility (see ADDRESSES for                                                                        following methods:
     hours of operation). We recommend that                  Office of the Comptroller of the                         • Viewing Comments Electronically:
     you periodically check the Docket for                   Currency                                              Go to www.reginfo.gov. Click on the
     new submissions and supporting                                                                                ‘‘Information Collection Review’’ tab.
                                                             Agency Information Collection                         Underneath the ‘‘Currently under
     material.
                                                             Activities; Information Collection                    Review’’ section heading, from the drop-
     Will my comments be made available to                   Renewal; Comment Request; Leasing                     down menu, select ‘‘Department of
     the public?                                                                                                   Treasury’’ and then click ‘‘submit.’’ This
                                                             AGENCY: Office of the Comptroller of the
                                                                                                                   information collection can be located by
       Yes. Be aware that your entire                        Currency (OCC), Treasury.
                                                                                                                   searching by OMB control number
     comment, including your personal                        ACTION: Notice and request for comment.               ‘‘1557–0206’’ or ‘‘Leasing.’’ Upon
     identifying information, will be made                                                                         finding the appropriate information
     publicly available.                                     SUMMARY:    The OCC, as part of its
                                                                                                                   collection, click on the related ‘‘ICR
                                                             continuing effort to reduce paperwork
                                                                                                                   Reference Number.’’ On the next screen,
     May I submit comments confidentially?                   and respondent burden, invites the
                                                                                                                   select ‘‘View Supporting Statement and
                                                             general public and other federal
        If you wish to submit comments                                                                             Other Documents’’ and then click on the
                                                             agencies to take this opportunity to                  link to any comment listed at the bottom
     under a claim of confidentiality, you                   comment on a continuing information
     should submit three copies of your                                                                            of the screen.
                                                             collection as required by the Paperwork                  • For assistance in navigating
     complete submission, including the                      Reduction Act of 1995 (PRA).                          www.reginfo.gov, please contact the
     information you claim to be confidential                   In accordance with the requirements                Regulatory Information Service Center
     business information, to the Department                 of the PRA, the OCC may not conduct                   at (202) 482–7340.
     of Transportation, Maritime                             or sponsor, and respondents are not                      • Viewing Comments Personally: You
     Administration, Office of Legislation                   required to respond to, an information                may personally inspect comments at the
     and Regulations, MAR–225, W24–220,                      collection unless it displays a currently             OCC, 400 7th Street SW, Washington,
     1200 New Jersey Avenue SE,                              valid Office of Management and Budget                 DC. For security reasons, the OCC
     Washington, DC 20590. Include a cover                   (OMB) control number.                                 requires that visitors make an
     letter setting forth with specificity the                  The OCC is soliciting comment                      appointment to inspect comments. You
     basis for any such claim and, if possible,              concerning the renewal of its                         may do so by calling (202) 649–6700 or,
     a summary of your submission that can                   information collection titled, ‘‘Leasing.’’           for persons who are deaf or hearing
     be made available to the public.                        DATES: Comments must be received by                   impaired, TTY, (202) 649–5597. Upon
                                                             February 4, 2019.                                     arrival, visitors will be required to
     Privacy Act                                                                                                   present valid government-issued photo
                                                             ADDRESSES: Commenters are encouraged
       In accordance with 5 U.S.C. 553(c),                   to submit comments by email, if                       identification and submit to security
     DOT solicits comments from the public                   possible. You may submit comments by                  screening in order to inspect comments.
     to better inform its rulemaking process.                any of the following methods:                         FOR FURTHER INFORMATION CONTACT:
     DOT posts these comments, without                          • Email: prainfo@occ.treas.gov.                    Shaquita Merritt, Clearance Officer,
                                                                • Mail: Legislative and Regulatory                 (202) 649–5490 or, for persons who are
     edit, to www.regulations.gov, as
                                                             Activities Division, Office of the                    deaf or hearing impaired, TTY, (202)
     described in the system of records
                                                             Comptroller of the Currency, Attention:               649–5597, Chief Counsel’s Office, Office
     notice, DOT/ALL–14 FDMS, accessible
                                                             1557–0206, 400 7th Street SW, Suite                   of the Comptroller of the Currency, 400
     through www.dot.gov/privacy. To                                                                               7th Street SW, Washington, DC 20219.
     facilitate comment tracking and                         3E–218, Washington, DC 20219.
                                                                • Hand Delivery/Courier: 400 7th                   SUPPLEMENTARY INFORMATION: Under the
     response, we encourage commenters to
                                                             Street SW, Suite 3E–218, Washington,                  PRA (44 U.S.C. 3501–3520), federal
     provide their name, or the name of their                                                                      agencies must obtain approval from the
     organization; however, submission of                    DC 20219.
                                                                • Fax: (571) 465–4326.                             OMB for each collection of information
     names is completely optional. Whether                                                                         they conduct or sponsor. ‘‘Collection of
     or not commenters identify themselves,                     Instructions: You must include
                                                             ‘‘OCC’’ as the agency name and ‘‘1557–                information’’ is defined in 44 U.S.C.
     all timely comments will be fully                                                                             3502(3) and 5 CFR 1320.3(c) to include
                                                             0206’’ in your comment. In general, the
     considered. If you wish to provide                                                                            agency requests or requirements that
                                                             OCC publishes comments on
     comments containing proprietary or                                                                            members of the public submit reports,
                                                             www.reginfo.gov without change,
     confidential information, please contact                                                                      keep records, or provide information to
                                                             including any business or personal
     the agency for alternate submission                     information provided, such as name and                a third party. Section 3506(c)(2)(A) of
     instructions.                                           address information, email addresses, or              title 44 requires federal agencies to
       Authority: 49 CFR 1.93(a), 46 U.S.C. 55103,           phone numbers. Comments received,                     provide a 60-day notice in the Federal
     46 U.S.C. 12121. * * *                                  including attachments and other                       Register concerning each proposed
                                                             supporting materials, are part of the                 collection of information, including
       Dated: November 28, 2018.                                                                                   each proposed extension of an existing
                                                             public record and subject to public
       By Order of the Maritime Administrator.                                                                     collection of information, before
                                                             disclosure. Do not include any
     T. Mitchell Hudson, Jr.,                                information in your comment or                        submitting the collection to OMB for
     Secretary, Maritime Administration.                     supporting materials that you consider                approval. To comply with this
     [FR Doc. 2018–26233 Filed 12–3–18; 8:45 am]             confidential or inappropriate for public              requirement, the OCC is publishing
                                                             disclosure.                                           notice of the collection of information
     BILLING CODE 4910–81–P
                                                                You may review comments and other                  set forth in this document.
                                                             related materials that pertain to this                  1 Following the close of the 60-day comment
                                                             information collection beginning on the               period for this notice, the OCC will publish a notice
                                                             date of publication of the second notice              for 30 days of comment for this collection.



VerDate Sep<11>2014   19:26 Dec 03, 2018   Jkt 247001   PO 00000   Frm 00111   Fmt 4703   Sfmt 4703   E:\FR\FM\04DEN1.SGM   04DEN1


                                 Federal Register / Vol. 83, No. 233 / Tuesday, December 4, 2018 / Notices                                                    62671

        Title: Leasing.                                      including whether the information has                 Comptroller of the Currency, Attention:
        OMB Control No.: 1557–0206.                          practical utility;                                    1557–0244, 400 7th Street SW, Suite
        Description: Under 12 CFR 23.4(c),                     (b) The accuracy of the OCC’s                       3E–218, Washington, DC 20219.
     national banks must liquidate or re-lease               estimates of the burden of the                           • Hand Delivery/Courier: 400 7th
     property that is no longer subject to                   information collections, including the                Street SW, Suite 3E–218, Washington,
     lease (off-lease property) as soon as                   validity of the methodology and                       DC 20219.
     practicable and not later than five years               assumptions used;                                        • Fax: (571) 465–4326.
     from the date the bank acquires the legal                 (c) Ways to enhance the quality,                       Instructions: You must include
     right to possess or control the property.               utility, and clarity of the information to            ‘‘OCC’’ as the agency name and ‘‘1557–
     If a national bank wishes to extend the                 be collected;                                         0244’’ in your comment. In general, the
     five-year holding period for up to an                     (d) Ways to minimize the burden of                  OCC will publish comments on
     additional five years, it must obtain                   information collections on respondents,               www.reginfo.gov without change,
     OCC approval. Section 23.4(c) requires                  including through the use of automated                including any business or personal
     a national bank seeking an extension to                 collection techniques or other forms of               information provided, such as name and
     provide a clearly convincing                            information technology; and                           address information, email addresses, or
     demonstration as to why any additional                    (e) Estimates of capital or start-up                phone numbers. Comments received,
     holding period is necessary. In addition,               costs and costs of operation,                         including attachments and other
     a national bank must value off-lease                    maintenance, and purchase of services                 supporting materials, are part of the
     property at the lower of current fair                   to provide information.                               public record and subject to public
     market value or book value promptly                       Dated: November 28, 2018.                           disclosure. Do not include any
     after the property becomes off-lease                    Theodore J. Dowd,                                     information in your comment or
     property.                                               Deputy Chief Counsel, Office of the
                                                                                                                   supporting materials that you consider
        Under 12 CFR 23.6, leases are subject                Comptroller of the Currency.                          confidential or inappropriate for public
     to the lending limits prescribed by 12                                                                        disclosure.
                                                             [FR Doc. 2018–26252 Filed 12–3–18; 8:45 am]
     U.S.C. 84, as implemented by 12 CFR                                                                              You may review comments and other
                                                             BILLING CODE 4810–33–P
     part 32, or, if the lessee is an affiliate of                                                                 related materials that pertain to this
     the national bank, to the restrictions on                                                                     information collection beginning on the
     transactions with affiliates prescribed by              DEPARTMENT OF THE TREASURY                            date of publication of the second notice
     12 U.S.C. 371c and 371c–1; Regulation                                                                         for this collection 1 by any of the
     W, 12 CFR part 223; and other limits or                 Office of the Comptroller of the                      following methods:
     restrictions the OCC determines apply.                  Currency                                                 • Viewing Comments Electronically:
        Twelve U.S.C. 24 contains two                                                                              Go to www.reginfo.gov. Click on the
     separate provisions authorizing a                       Agency Information Collection                         ‘‘Information Collection Review’’ tab.
     national bank to acquire personal                       Activities; Information Collection                    Underneath the ‘‘Currently under
     property for purposes of lease financing.               Renewal; Comment Request; Funding                     Review’’ section heading, from the drop-
     12 U.S.C. 24 (Seventh) authorizes leases                and Liquidity Risk Management                         down menu, select ‘‘Department of
     of personal property (Section 24                                                                              Treasury’’ and then click ‘‘submit.’’ This
     (Seventh) Leases) if the lease is a                     AGENCY: Office of the Comptroller of the              information collection can be located by
     conforming lease as defined in 12 CFR                   Currency (OCC), Treasury.                             searching by OMB control number
     23.2(d)(2) and represents a                             ACTION: Notice and request for comment.               ‘‘1557–0244’’ or ‘‘Funding and Liquidity
     noncancelable obligation of the lessee                                                                        Risk Management.’’ Upon finding the
                                                             SUMMARY:   The OCC, as part of its
     (i.e., the lease serves as the functional                                                                     appropriate information collection, click
                                                             continuing effort to reduce paperwork
     equivalent of a loan). See 12 CFR 23.20.                                                                      on the related ‘‘ICR Reference Number.’’
                                                             and respondent burden, invites the
     A national bank also may acquire                                                                              On the next screen, select ‘‘View
                                                             general public and other federal
     personal property for purposes of lease                                                                       Supporting Statement and Other
                                                             agencies to take this opportunity to
     financing under the authority of 12                                                                           Documents’’ and then click on the link
                                                             comment on a continuing information
     U.S.C. 24 (Tenth). Section 23.5 requires                                                                      to any comment listed at the bottom of
                                                             collection as required by the Paperwork
     that if a national bank enters into both                                                                      the screen.
                                                             Reduction Act of 1995 (PRA).
     types of leases, its records must                         In accordance with the requirements                    • For assistance in navigating
     distinguish between the two types of                    of the PRA, the OCC may not conduct                   www.reginfo.gov, please contact the
     leases. This information is required to                 or sponsor, and respondents are not                   Regulatory Information Service Center
     establish that the national bank is                     required to respond to, an information                at (202) 482–7340.
     complying with the limitations and                      collection unless it displays a currently                • Viewing Comments Personally: You
     requirements applicable to the two                      valid Office of Management and Budget                 may personally inspect comments at the
     separate types of leases.                               (OMB) control number.                                 OCC, 400 7th Street SW, Washington,
        Type of Review: Regular.                               The OCC is soliciting comment                       DC. For security reasons, the OCC
        Affected Public: Businesses or other                                                                       requires that visitors make an
                                                             concerning renewal of its information
     for-profit.                                                                                                   appointment to inspect comments. You
                                                             collection titled, ‘‘Funding and
        Estimated Number of Respondents:                                                                           may do so by calling (202) 649–6700 or,
                                                             Liquidity Risk Management.’’
     229.                                                                                                          for persons who are deaf or hearing
        Frequency of Response: On occasion.                  DATES: Comments must be received by
                                                                                                                   impaired, TTY, (202) 649–5597. Upon
        Estimated Total Annual Burden: 562.                  February 4, 2019.
                                                                                                                   arrival, visitors will be required to
        Comments submitted in response to                    ADDRESSES: Commenters are encouraged                  present valid government-issued photo
     this notice will be summarized and                      to submit comments by email, if                       identification and submit to security
     included in the submission to OMB.                      possible. You may submit comments by                  screening in order to inspect comments.
     Comments are requested on:                              any of the following methods:
        (a) Whether the information                            • Email: prainfo@occ.treas.gov.                       1 Following the close of the 60-day comment
     collections are necessary for the proper                  • Mail: Legislative and Regulatory                  period for this notice, the OCC will publish a notice
     performance of the OCC’s functions,                     Activities Division, Office of the                    for 30 days of comment for this collection.



VerDate Sep<11>2014   17:36 Dec 03, 2018   Jkt 247001   PO 00000   Frm 00112   Fmt 4703   Sfmt 4703   E:\FR\FM\04DEN1.SGM   04DEN1



Document Created: 2018-12-04 00:42:18
Document Modified: 2018-12-04 00:42:18
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.
DatesComments must be received by February 4, 2019.
ContactShaquita Merritt, Clearance Officer, (202) 649-5490 or, for persons who are deaf or hearing impaired, TTY, (202) 649-5597, Chief Counsel's Office, Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219.
FR Citation83 FR 62670 

2024 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR