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)
Office of the Comptroller of the Currency
Federal Register Volume 83, Issue 233 (December 4, 2018)
| Page Range | 62670-62671 | |
| FR Document | 2018-26252 |
[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](https://thefederalregister.org/doc/83_FR_62903/page/1.svg)
![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](https://thefederalregister.org/doc/83_FR_62903/page/2.svg)
Document Created: 2018-12-04 00:42:18
Document Modified: 2018-12-04 00:42:18
| 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 received by February 4, 2019. | |
| 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. | |
| FR Citation | 83 FR 62670 |
2024 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR