Agency Information Collection Activities: Proposed Information Collection; Comment Request, 3032-3034 [2012-1017]
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Federal Register / Vol. 77, No. 13 / Friday, January 20, 2012 / Notices
Highway Traffic Safety Administration
(NHTSA), telephone (202) 366–5299,
facsimile (202) 366–7002.
Summary of Goodyear’s Petition:
Affected are approximately 43,887
Goodyear G622 LR–F commercial truck
tires manufactured from April 2007 to
July 2010. A total of approximately
38,991 of these tires have been delivered
to Goodyear’s customers in the United
States.
Goodyear explains that the
noncompliance is that, due to a mold
labeling error, the sidewall marking on
the tires incorrectly identifies the
number of plies as ‘‘Tread 5 Plies Steel’’
when in fact it should be identified as
‘‘Tread 4 Plies Steel’’ on the sidewall of
the tires as required by paragraph S6.5(f)
of FMVSS No. 119.
Goodyear also explains that while the
non-compliant tires are mislabeled, all
of the tires included in this petition
meet or exceed the performance
requirements of FMVSS No. 119.
Goodyear argues that this
noncompliance is inconsequential to
motor vehicle safety because the
noncompliant sidewall marking does
not create an unsafe condition and all
other labeling requirements have been
met.
Goodyear also points out that NHTSA
has previously granted similar petitions
for non-compliances in sidewall
marking.
Goodyear additionally states that it
has corrected the affected tire molds and
all future production will have the
correct material shown on the sidewall.
In summation, Goodyear believes that
the described noncompliance of its tires
to meet the requirements of FMVSS No.
119 is inconsequential to motor vehicle
safety, and that its petition, to exempt
from providing recall notification of
noncompliance as required by 49 U.S.C.
30118 and remedying the recall
noncompliance as required by 49 U.S.C.
30120, and should be granted.
NHTSA Decision: The agency agrees
with Goodyear that the noncompliances
are inconsequential to motor vehicle
safety. The agency believes that the true
measure of inconsequentiality to motor
vehicle safety in this case is that there
is no effect of the noncompliances on
the operational safety of vehicles on
which these tires are mounted. The
safety of people working in the tire
retread, repair and recycling industries
must also be considered. Although tire
construction affects the strength and
durability, neither the agency nor the
tire industry provides information
relating tire strength and durability to
the number of plies and types of ply
cord material in the tread and sidewall.
Therefore, tire dealers and customers
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Jkt 226001
should consider the tire construction
information along with other
information such as load capacity,
maximum inflation pressure, and tread
wear, temperature, and traction ratings,
to assess performance capabilities of
various tires.
In the agency’s judgment, the
incorrect labeling of the tire
construction information will have an
inconsequential effect on motor vehicle
safety because most consumers do not
base tire purchases or vehicle operation
parameters on the ply material in a tire.
The agency also believes the
noncompliance will have no
measureable effect on the safety of the
tire retread, repair, and recycling
industries. The use of steel cord
construction in the sidewall and tread is
the primary safety concern of these
industries. In this case, because the
sidewall markings indicate that some
steel plies exist in the tire sidewall, this
potential safety concern does not exist.
NHTSA notes that the statutory
provisions (49 U.S.C. 30118(d) and
30120(h)) that permit manufacturers to
file petitions for a determination of
inconsequentiality allow NHTSA to
exempt manufacturers only from the
duties found in sections 30118 and
30120, respectively, to notify owners,
purchasers, and dealers of a defect or
noncompliance and to remedy the
defect or noncompliance. Therefore, this
decision only applies to the 38,991 2
tires that Goodyear no longer controlled
at the time that it determined that a
noncompliance existed in the subject
tires.
In consideration of the foregoing,
NHTSA has decided that Goodyear has
met its burden of persuasion that the
subject FMVSS No. 119 labeling
noncompliances are inconsequential to
motor vehicle safety. Accordingly,
Goodyear’s petition is granted and the
petitioner is exempted from the
obligation of providing notification of,
and a remedy for, the subject
noncompliance under 49 U.S.C. 30118
and 30120.
Authority: 49 U.S.C. 30118, 30120:
delegations of authority at CFR 1.50 and
501.8.
2 Goodyear’s petition, which was filed under 49
CFR part 556, requests an agency decision to
exempt Goodyear as a manufacturer from the
notification and recall responsibilities of 49 CFR
573 for 38,991 of the affected tires. However, a
decision on this petition cannot relieve distributors
and dealers of the prohibitions on the sale, offer for
sale, or introduction or delivery for introduction
into interstate commerce of the noncompliant tires
under their control after Goodyear notified them
that the subject noncompliance existed.
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Issued on: January 12, 2012.
Claude H. Harris,
Director, Office of Vehicle Safety Compliance.
[FR Doc. 2012–938 Filed 1–19–12; 8:45 am]
BILLING CODE 4910–59–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Proposed Information
Collection; Comment Request
Office of the Comptroller of the
Currency, Treasury.
ACTION: Notice and request for comment.
AGENCY:
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. An agency may
not conduct or sponsor, and a
respondent is not required to respond
to, an information collection unless it
displays a currently valid OMB control
number. The OCC is soliciting comment
concerning its information collection
titled, ‘‘International Regulation—Part
28.’’
SUMMARY:
Comments must be received by
March 20, 2012.
ADDRESSES: Communications Division,
Office of the Comptroller of the
Currency, Public Information Room,
Mailstop 2–3, Attention: 1557–0102,
250 E Street SW., Washington, DC
20219. In addition, comments may be
sent by fax to (202) 874–5274, or by
electronic mail to
regs.comments@occ.treas.gov. You can
inspect and photocopy the comments at
the OCC, 250 E Street SW., Washington,
DC 20219. You can make an
appointment to inspect the comments
by calling (202) 874–4700.
Additionally, you should send a copy
of your comments to OCC Desk Officer,
1557–0102, by mail to U.S. Office of
Management and Budget, 725, 17th
Street NW., #10235, Washington, DC
20503, or by fax to (202) 395–6974.
FOR FURTHER INFORMATION CONTACT: You
can request additional information or a
copy of the collection from Mary H.
Gottlieb, or Ira L. Mills, OCC Clearance
Officers, (202) 874–5090, or (202) 874–
6055, Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, 250 E
Street SW., Washington, DC 20219.
DATES:
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Federal Register / Vol. 77, No. 13 / Friday, January 20, 2012 / Notices
The OCC
is proposing to extend OMB approval of
the following information collection
without change:
Title: International Regulation—Part
28.
OMB Number: 1557–0102.
Description: This submission covers
an existing regulation and involves no
change to the regulation or to the
information collection requirements.
The OCC requests only that OMB extend
its approval of the information
collection.
12 CFR Part 28 contains the following
collections of information:
12 CFR 28.3 Filing Requirements for
Foreign Operations of a National
Bank—Notice Requirement A national
bank shall notify the OCC when it:
• Files an application, notice, or
report with the FRB to establish or open
a foreign branch, or acquire or divest of
an interest in, or close, an Edge
corporation, Agreement corporation,
foreign bank, or other foreign
organization.
• Opens a foreign branch, and no
application or notice is required by the
FRB for such transaction.
In practice, the OCC has also required
an application pursuant to section
28.3(c) from a national bank to join a
foreign exchange, clearinghouse, or
similar type of organization. In lieu of
a notice, the OCC may accept a copy of
an application, notice, or report
submitted to another Federal agency
that covers the proposed action and
contains substantially the same
information required by the OCC. A
national bank shall furnish the OCC
with any additional information the
OCC may require in connection with the
national bank’s foreign operations.
12 CFR 28.12(a) Covered under
Information Collection 1557–0014
(Comptroller’s Licensing Manual)
Approval of a Federal branch or
agency—Approval and Licensing
Requirements A foreign bank shall
submit an application to, and obtain
prior approval from the OCC before it
establishes a Federal branch or agency,
or exercises fiduciary powers at a
Federal branch.
12 CFR 28.12(e)(2) Covered under
Information Collection 1557–0014
(Comptroller’s Licensing Manual)
Approval of a Federal branch or
agency—Written Notice for Additional
Intrastate Branches or Agencies A
foreign bank shall provide written
notice to the OCC 30 days in advance
of the establishment of an intrastate
branch or agency.
12 CFR 28.12(h) Covered under
Information Collection 1557–0014
(Comptroller’s Licensing Manual)
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SUPPLEMENTARY INFORMATION:
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Approval of a Federal Branch or
Agency—After-the-fact Notice for
Eligible Foreign Banks A foreign bank
proposing to establish a Federal branch
or agency through the acquisition of, or
merger or consolidation with, a foreign
bank that has an existing bank
subsidiary, branch, or agency, may
proceed with the transaction and
provide after-the-fact notice within 14
days of the transaction to the OCC if (1)
the resulting bank is an ‘‘eligible foreign
bank’’ within the meaning of § 28.12(f)
and (2) no Federal branch established by
the transaction accepts deposits insured
by the FDIC.
12 CFR 28.12(i) Covered under
Information Collection 1557–0014
(Comptroller’s Licensing Manual)
Approval of a Federal Branch or
Agency—Contraction of Operations A
foreign bank shall provide written
notice to the OCC within 10 days after
converting a Federal branch into a
limited Federal branch or Federal
agency.
12 CFR 28.14(c) Limitations Based
upon Capital of a Foreign Bank—
Aggregation The foreign bank shall
aggregate business transacted by all
Federal branches and agencies with the
business transacted by all state branches
and agencies controlled by the foreign
bank in determining its compliance
with limitations based upon the capital
of the foreign bank. A foreign bank shall
designate one Federal branch or agency
office in the United States to maintain
consolidated information so that the
OCC can monitor compliance.
12 CFR 28.15(d), (d)(1), (d)(2), and (f)
Capital Equivalency Deposits Deposit
arrangements:
• A foreign bank should require its
depository bank to segregate its capital
equivalency deposits on the depository
bank’s books and records.
• The instruments making up the
capital equivalency deposit that are
placed in safekeeping at a depository
bank to satisfy a foreign bank’s capital
equivalency deposit requirement must
be maintained pursuant to an agreement
prescribed by the OCC that shall be a
written agreement entered into with the
OCC.
• Each Federal branch or agency shall
maintain a capital equivalency account
and keep records of the amount of
liabilities requiring capital equivalency
coverage in a manner and form
prescribed by the OCC.
• A foreign bank‘s capital
equivalency deposits may not be
reduced in value below the minimum
required for that branch or agency
without the prior approval of the OCC,
but in no event below the statutory
minimum.
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12 CFR 28.16(c) Deposit-taking by an
Uninsured Federal branch—Application
for an Exemption A foreign bank may
apply to the OCC for an exemption to
permit an uninsured Federal branch to
accept or maintain deposit accounts that
are not listed in paragraph (b) of this
section. The request should describe:
• The types, sources, and estimated
amount of such deposits and explain
why the OCC should grant an
exemption;
• How the exemption maintains and
furthers the policies described in
paragraph (a) of this section.
12 CFR 28.16(d) Deposit taking by an
uninsured Federal branch—Aggregation
of deposits A foreign bank that has more
than one Federal branch in the same
state may aggregate deposits in all of its
Federal branches in that state, but
exclude deposits of other branches,
agencies or wholly owned subsidiaries
of the bank. The Federal branch shall
compute the average amount by using
the sum of deposits as of the close of
business of the last 30 calendar days
ending with and including the last day
of the calendar quarter, divided by 30.
The Federal branch shall maintain
records of the calculation until its next
examination by the OCC.
12 CFR 28.17 Covered under
Information Collection 1557–0014
(Comptroller’s Licensing Manual) Notice
of Change in Activity or Operations A
Federal branch or agency shall notify
the OCC if it changes its corporate title;
changes its mailing address; converts to
a state branch, state agency, or
representative office; or the parent
foreign bank changes the designation of
its home state.
12 CFR 28.18(c)(1) Recordkeeping and
Reporting—Maintenance of Accounts,
Books, and Records Each Federal
branch or agency shall maintain a set of
accounts and records reflecting its
transactions that are separate from those
of the foreign bank and any other branch
or agency. The Federal branch or agency
shall keep a set of accounts and records
in English sufficient to permit the OCC
to examine the condition of the Federal
branch or agency and its compliance
with applicable laws and regulations.
28.20(a)(1) Maintenance of Assets—
General Rule The OCC may require a
foreign bank to hold certain assets in the
state in which its Federal branch or
agency is located.
12 CFR 28.22(b) Covered under
Information Collection 1557–0014
(Comptroller’s Licensing Manual)
Voluntary Liquidation Notice to
customers and creditors—A foreign
bank shall publish notice of the
impending closure of each Federal
branch or agency for a period of two
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Federal Register / Vol. 77, No. 13 / Friday, January 20, 2012 / Notices
months in every issue of a local
newspaper where the Federal branch or
agency is located. If only weekly
publication is available, the notice must
be published for nine consecutive
weeks.
12 CFR 28.22(e) Reports of
Examination The Federal branch or
agency shall send the OCC certification
that all of its Reports of Examination
have been destroyed or return its
Reports of Examination to the OCC.
12 CFR 28.25(a) Covered under
Information Collection 1557–0014
(Comptroller’s Licensing Manual)
Change in Control—After-the-fact
Notice In cases where no other filing is
required, a foreign bank that operates a
Federal branch or agency shall inform
the OCC in writing of the direct or
indirect acquisition of control of the
foreign bank by any person or entity, or
group of persons or entities acting in
concert, within 14 calendar days after
the foreign bank becomes aware of a
change in control.
12 CFR 28.52 Covered under
Information Collection 1557–0081
(MA)—Reports of Condition and Income
(Interagency Call Report), FFIEC 031,
FFIEC 041 Allocated Transfer Risk
Reserve A banking institution shall
establish an allocated transfer risk
reserve for specified international assets
when required by the OCC in
accordance with the requirements of the
section.
12 CFR 28.54 Covered under
Information Collection 1557–0100
Country Exposure Report and Country
Exposure Information Report (FFIEC
009, FFIEC 009a) Reporting and
Disclosure of International Assets A
banking institution shall submit to the
OCC, at least quarterly, information
regarding the amounts and composition
of its holdings of international assets. A
banking institution shall submit to the
OCC information regarding
concentrations in its holdings of
international assets that are material in
relation to total assets and to capital of
the institution.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals;
Businesses or other for-profit.
Estimated Number of Respondents:
79.
Estimated Total Annual Responses:
117.
Frequency of Response: On occasion.
Estimated Total Annual Burden:
3,661.5
Comments submitted in response to
this notice will be summarized,
included in the request for OMB
approval, and become a matter of public
record. Comments are invited on:
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Jkt 226001
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information has practical utility;
(b) The accuracy of the agency’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 13, 2012.
Michele Meyer,
Assistant Director, Legislative and Regulatory
Activities Division.
[FR Doc. 2012–1017 Filed 1–19–12; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Proposed Information
Collection; Comment Request
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for
comment.
AGENCY:
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. An agency may
not conduct or sponsor, and a
respondent is not required to respond
to, an information collection unless it
displays a currently valid OMB control
number. The OCC is soliciting comment
concerning its information collection
titled, ‘‘Recordkeeping Requirements for
Securities Transactions—12 CFR parts
12 and 151.’’
DATES: You should submit comments by
March 20, 2012.
ADDRESSES: Communications Division,
Office of the Comptroller of the
Currency, Mailstop 2–3, Attention:
1557–0142, 250 E Street SW.,
Washington, DC 20219. In addition,
comments may be sent by fax to (202)
874–5274 or by electronic mail to
regs.comments@occ.treas.gov. You may
SUMMARY:
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personally inspect and photocopy
comments at the OCC, 250 E 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) 874–4700. Upon arrival, visitors
will be required to present valid
government-issued photo identification
and to submit to security screening in
order to inspect and photocopy
comments.
Additionally, please send a copy of
your comments by mail to: OCC Desk
Officer, 1557–0142, U.S. Office of
Management and Budget, 725 17th
Street NW., #10235, Washington, DC
20503, or by fax to (202) 395–6974.
FOR FURTHER INFORMATION CONTACT: You
can request additional information or a
copy of the collection from Ira L. Mills
or Mary H. Gottlieb, OCC Clearance
Officer, (202) 874–6055, Legislative and
Regulatory Activities Division, Office of
the Comptroller of the Currency, 250 E
Street SW., Washington, DC 20219.
SUPPLEMENTARY INFORMATION: The OCC
is proposing to extend OMB approval of
the following information collection:
Title: Recordkeeping Requirements
for Securities Transactions—12 CFR
parts 12 and 151.
OMB Number: 1557–0142.
Description: This submission covers
an existing regulation and involves no
change to the regulation or to the
information collection requirements.
The only revisions to the submission are
the revised estimates, which have been
updated.
The information collection
requirements in 12 CFR parts 12 and
151 are required to ensure that national
banks and savings associations comply
with securities laws and to improve the
protection afforded persons who
purchase and sell securities through
these financial institutions. The
transaction confirmation information
provides customers with a record
regarding the transaction and provides
both financial institutions and the OCC
with records to ensure compliance with
these institutions and securities laws
and regulations. The OCC uses the
required information in its examinations
to evaluate, among other things, an
institution’s compliance with the
antifraud provisions of the Federal
securities laws.
The information collection
requirements contained in 12 CFR parts
12 and 151 are as follows:
• 12 CFR 12.3 requires a national
bank effecting securities transactions for
customers to maintain records for at
least three years. The records required
by this section must clearly and
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]]>Agencies
[Federal Register Volume 77, Number 13 (Friday, January 20, 2012)]
[Notices]
[Pages 3032-3034]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-1017]
=======================================================================
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Proposed Information
Collection; Comment Request
AGENCY: Office of the Comptroller of the Currency, 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. An agency may not conduct or sponsor, and a respondent is not
required to respond to, an information collection unless it displays a
currently valid OMB control number. The OCC is soliciting comment
concerning its information collection titled, ``International
Regulation--Part 28.''
DATES: Comments must be received by March 20, 2012.
ADDRESSES: Communications Division, Office of the Comptroller of the
Currency, Public Information Room, Mailstop 2-3, Attention: 1557-0102,
250 E Street SW., Washington, DC 20219. In addition, comments may be
sent by fax to (202) 874-5274, or by electronic mail to
regs.comments@occ.treas.gov. You can inspect and photocopy the comments
at the OCC, 250 E Street SW., Washington, DC 20219. You can make an
appointment to inspect the comments by calling (202) 874-4700.
Additionally, you should send a copy of your comments to OCC Desk
Officer, 1557-0102, by mail to U.S. Office of Management and Budget,
725, 17th Street NW., 10235, Washington, DC 20503, or by fax
to (202) 395-6974.
FOR FURTHER INFORMATION CONTACT: You can request additional information
or a copy of the collection from Mary H. Gottlieb, or Ira L. Mills, OCC
Clearance Officers, (202) 874-5090, or (202) 874-6055, Legislative and
Regulatory Activities Division, Office of the Comptroller of the
Currency, 250 E Street SW., Washington, DC 20219.
[[Page 3033]]
SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval
of the following information collection without change:
Title: International Regulation--Part 28.
OMB Number: 1557-0102.
Description: This submission covers an existing regulation and
involves no change to the regulation or to the information collection
requirements. The OCC requests only that OMB extend its approval of the
information collection.
12 CFR Part 28 contains the following collections of information:
12 CFR 28.3 Filing Requirements for Foreign Operations of a
National Bank--Notice Requirement A national bank shall notify the OCC
when it:
Files an application, notice, or report with the FRB to
establish or open a foreign branch, or acquire or divest of an interest
in, or close, an Edge corporation, Agreement corporation, foreign bank,
or other foreign organization.
Opens a foreign branch, and no application or notice is
required by the FRB for such transaction.
In practice, the OCC has also required an application pursuant to
section 28.3(c) from a national bank to join a foreign exchange,
clearinghouse, or similar type of organization. In lieu of a notice,
the OCC may accept a copy of an application, notice, or report
submitted to another Federal agency that covers the proposed action and
contains substantially the same information required by the OCC. A
national bank shall furnish the OCC with any additional information the
OCC may require in connection with the national bank's foreign
operations.
12 CFR 28.12(a) Covered under Information Collection 1557-0014
(Comptroller's Licensing Manual) Approval of a Federal branch or
agency--Approval and Licensing Requirements A foreign bank shall submit
an application to, and obtain prior approval from the OCC before it
establishes a Federal branch or agency, or exercises fiduciary powers
at a Federal branch.
12 CFR 28.12(e)(2) Covered under Information Collection 1557-0014
(Comptroller's Licensing Manual) Approval of a Federal branch or
agency--Written Notice for Additional Intrastate Branches or Agencies A
foreign bank shall provide written notice to the OCC 30 days in advance
of the establishment of an intrastate branch or agency.
12 CFR 28.12(h) Covered under Information Collection 1557-0014
(Comptroller's Licensing Manual) Approval of a Federal Branch or
Agency--After-the-fact Notice for Eligible Foreign Banks A foreign bank
proposing to establish a Federal branch or agency through the
acquisition of, or merger or consolidation with, a foreign bank that
has an existing bank subsidiary, branch, or agency, may proceed with
the transaction and provide after-the-fact notice within 14 days of the
transaction to the OCC if (1) the resulting bank is an ``eligible
foreign bank'' within the meaning of Sec. 28.12(f) and (2) no Federal
branch established by the transaction accepts deposits insured by the
FDIC.
12 CFR 28.12(i) Covered under Information Collection 1557-0014
(Comptroller's Licensing Manual) Approval of a Federal Branch or
Agency--Contraction of Operations A foreign bank shall provide written
notice to the OCC within 10 days after converting a Federal branch into
a limited Federal branch or Federal agency.
12 CFR 28.14(c) Limitations Based upon Capital of a Foreign Bank--
Aggregation The foreign bank shall aggregate business transacted by all
Federal branches and agencies with the business transacted by all state
branches and agencies controlled by the foreign bank in determining its
compliance with limitations based upon the capital of the foreign bank.
A foreign bank shall designate one Federal branch or agency office in
the United States to maintain consolidated information so that the OCC
can monitor compliance.
12 CFR 28.15(d), (d)(1), (d)(2), and (f) Capital Equivalency
Deposits Deposit arrangements:
A foreign bank should require its depository bank to
segregate its capital equivalency deposits on the depository bank's
books and records.
The instruments making up the capital equivalency deposit
that are placed in safekeeping at a depository bank to satisfy a
foreign bank's capital equivalency deposit requirement must be
maintained pursuant to an agreement prescribed by the OCC that shall be
a written agreement entered into with the OCC.
Each Federal branch or agency shall maintain a capital
equivalency account and keep records of the amount of liabilities
requiring capital equivalency coverage in a manner and form prescribed
by the OCC.
A foreign bank`s capital equivalency deposits may not be
reduced in value below the minimum required for that branch or agency
without the prior approval of the OCC, but in no event below the
statutory minimum.
12 CFR 28.16(c) Deposit-taking by an Uninsured Federal branch--
Application for an Exemption A foreign bank may apply to the OCC for an
exemption to permit an uninsured Federal branch to accept or maintain
deposit accounts that are not listed in paragraph (b) of this section.
The request should describe:
The types, sources, and estimated amount of such deposits
and explain why the OCC should grant an exemption;
How the exemption maintains and furthers the policies
described in paragraph (a) of this section.
12 CFR 28.16(d) Deposit taking by an uninsured Federal branch--
Aggregation of deposits A foreign bank that has more than one Federal
branch in the same state may aggregate deposits in all of its Federal
branches in that state, but exclude deposits of other branches,
agencies or wholly owned subsidiaries of the bank. The Federal branch
shall compute the average amount by using the sum of deposits as of the
close of business of the last 30 calendar days ending with and
including the last day of the calendar quarter, divided by 30. The
Federal branch shall maintain records of the calculation until its next
examination by the OCC.
12 CFR 28.17 Covered under Information Collection 1557-0014
(Comptroller's Licensing Manual) Notice of Change in Activity or
Operations A Federal branch or agency shall notify the OCC if it
changes its corporate title; changes its mailing address; converts to a
state branch, state agency, or representative office; or the parent
foreign bank changes the designation of its home state.
12 CFR 28.18(c)(1) Recordkeeping and Reporting--Maintenance of
Accounts, Books, and Records Each Federal branch or agency shall
maintain a set of accounts and records reflecting its transactions that
are separate from those of the foreign bank and any other branch or
agency. The Federal branch or agency shall keep a set of accounts and
records in English sufficient to permit the OCC to examine the
condition of the Federal branch or agency and its compliance with
applicable laws and regulations.
28.20(a)(1) Maintenance of Assets--General Rule The OCC may require
a foreign bank to hold certain assets in the state in which its Federal
branch or agency is located.
12 CFR 28.22(b) Covered under Information Collection 1557-0014
(Comptroller's Licensing Manual) Voluntary Liquidation Notice to
customers and creditors--A foreign bank shall publish notice of the
impending closure of each Federal branch or agency for a period of two
[[Page 3034]]
months in every issue of a local newspaper where the Federal branch or
agency is located. If only weekly publication is available, the notice
must be published for nine consecutive weeks.
12 CFR 28.22(e) Reports of Examination The Federal branch or agency
shall send the OCC certification that all of its Reports of Examination
have been destroyed or return its Reports of Examination to the OCC.
12 CFR 28.25(a) Covered under Information Collection 1557-0014
(Comptroller's Licensing Manual) Change in Control--After-the-fact
Notice In cases where no other filing is required, a foreign bank that
operates a Federal branch or agency shall inform the OCC in writing of
the direct or indirect acquisition of control of the foreign bank by
any person or entity, or group of persons or entities acting in
concert, within 14 calendar days after the foreign bank becomes aware
of a change in control.
12 CFR 28.52 Covered under Information Collection 1557-0081 (MA)--
Reports of Condition and Income (Interagency Call Report), FFIEC 031,
FFIEC 041 Allocated Transfer Risk Reserve A banking institution shall
establish an allocated transfer risk reserve for specified
international assets when required by the OCC in accordance with the
requirements of the section.
12 CFR 28.54 Covered under Information Collection 1557-0100 Country
Exposure Report and Country Exposure Information Report (FFIEC 009,
FFIEC 009a) Reporting and Disclosure of International Assets A banking
institution shall submit to the OCC, at least quarterly, information
regarding the amounts and composition of its holdings of international
assets. A banking institution shall submit to the OCC information
regarding concentrations in its holdings of international assets that
are material in relation to total assets and to capital of the
institution.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals; Businesses or other for-profit.
Estimated Number of Respondents: 79.
Estimated Total Annual Responses: 117.
Frequency of Response: On occasion.
Estimated Total Annual Burden: 3,661.5
Comments submitted in response to this notice will be summarized,
included in the request for OMB approval, and become a matter of public
record. Comments are invited on:
(a) Whether the collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information has practical utility;
(b) The accuracy of the agency'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 13, 2012.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 2012-1017 Filed 1-19-12; 8:45 am]
BILLING CODE 4810-33-P
