Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Lending Limits, 69934-69935 [2013-27872]

Download as PDF 69934 Federal Register / Vol. 78, No. 225 / Thursday, November 21, 2013 / Notices Treasury for services under EESA. The information collection required by this part will be used to evaluate and minimize real and apparent conflicts of interest related to contractual or financial agent agreement services performed under TARP. Affected public: Private Sector: Businesses or other for-profits. Estimated Annual Burden Hours: 1,292. OMB Number: 1505–0219. Type of Review: Revision of a currently approved collection. Title: TARP Capital Purchase Program—Executive Compensation. Abstract: Authorized under the Emergency Economic Stabilization Act of 2008 (EESA), Public Law 110–343, as amended by the American Recovery and Reinvestment Act of 2009 (ARRA), Public Law 111–5, the Department of the Treasury established the Troubled Asset Relief Program (TARP) to purchase, and to make and fund commitments to purchase, troubled assets from any financial institution on such terms and conditions determined by the Secretary. Section 111 of EESA, as amended by ARRA, provides that certain entities receiving financial assistance from Treasury under TARP will be subject to specified executive compensation and corporate governance standards established by the Secretary. These standards were set forth in the interim final rule published on June 15, 2009 (74 FR 28394), as corrected on December 7, 2009 (74 FR 63990) (the Interim Final Rule). The standards implemented in the Interim Final Rule require that TARP recipients submit certain information pertaining to their executive compensation and corporate governance practices. Affected public: Private sector: Businesses or other for-profits. Estimated Annual Burden Hours: 6,951. Dawn D. Wolfgang, Treasury PRA Clearance Officer. [FR Doc. 2013–27961 Filed 11–20–13; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY tkelley on DSK3SPTVN1PROD with NOTICES Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Lending Limits Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. AGENCY: VerDate Mar<15>2010 17:17 Nov 20, 2013 Jkt 232001 The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the public and other Federal agencies to comment on the renewal of an information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning renewal of its information collection titled, ‘‘Lending Limits.’’ The OCC is also giving notice that it has submitted the collection to OMB for review. DATES: Comments must be submitted on or before December 23, 2013. ADDRESSES: Because paper mail in the Washington, DC area and at the OCC is subject to delay, commenters are encouraged to submit comments by email if possible. Comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557–0317, 400 7th Street SW., Suite 3E–218, Mail Stop 9W–11, Washington, DC 20219. In addition, comments may be sent by fax to (571) 465–4326 or by electronic mail to regs.comments@ occ.treas.gov. You may personally inspect and photocopy comments at the OCC, 400 7th Street SW., Washington, DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 649–6700. 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. All comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not enclose any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. Additionally, please send a copy of your comments by mail to: OCC Desk Officer, 1557–0317, U.S. Office of Management and Budget, 725 17th Street NW., #10235, Washington, DC 20503, or by email to: oira submission@ omb.eop.gov. FOR FURTHER INFORMATION CONTACT: You may request additional information from Johnny Vilela or Mary H. Gottlieb, OCC Clearance Officers, (202) 649–5490, Legislative and Regulatory Activities SUMMARY: PO 00000 Frm 00121 Fmt 4703 Sfmt 4703 Division, Office of the Comptroller of the Currency, 400 7th Street SW., Suite 3E–218, Mail Stop 9W–11, Washington, DC 20219. SUPPLEMENTARY INFORMATION: The OCC is seeking to renew, without change, the following collection: Title: Lending Limits—12 CFR 32.9. Type of Review: Extension, without revision, of a currently approved collection. OMB Control Number: 1557–0317. Description: Pursuant to section 610 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, Public Law 111–203, 124 Stat. 1376 (2010), the OCC added § 32.9 to its lending limits regulation to cover credit exposures arising from derivative transactions and securities financing transactions. Twelve CFR 32.9 provides national banks and savings associations with three alternative methods for calculating the credit exposure of derivative transactions other than credit derivatives, a special rule for measuring the credit exposure of credit derivatives, and three alternative methods for calculating such exposure for securities financing transactions. The OCC provided these different methods in order to reduce the practical burden of such calculations, particularly for smaller and mid-size national banks and savings associations. One method available for both derivative transactions and securities financing transactions is the Internal Model Method. Under this method, the use of a model (other than a model for which use has been approved for purposes of the Advanced Measurement Approach in the capital rules) must be approved in writing by the OCC (in the case of national banks and Federal savings associations) or the Federal Deposit Insurance Corporation (in the case of State savings associations) specifically for lending limit purposes. If a national bank or savings association proposes to use an internal model for which use has been approved for purposes of the Advanced Measurement Approach, the institution must provide written notification to the OCC or FDIC, as appropriate, prior to use of the model for lending limits purposes. Section 32.9 also requires OCC or FDIC approval of any substantive revisions to a model previously approved for lending limits purposes, or for which notice of its use for lending limits purposes previously had been provided, before the institution may use the revised model. Affected Public: Businesses or other for-profit. Burden Estimates: Estimated Number of Respondents: 238. E:\FR\FM\21NON1.SGM 21NON1 Federal Register / Vol. 78, No. 225 / Thursday, November 21, 2013 / Notices Estimated Number of Responses per Respondent: 2. Estimated Annual Burden: 476 hours. Frequency of Response: On occasion. Comments: The OCC issued a notice for 60 days of comment concerning the collection. 78 FR 56770 (September 13, 2013). No comments were received. Comments continue to be invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; (b) The accuracy of the OCC’s estimate of the information collection burden; (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 the capital or start-up costs and the costs associated with the operation, maintenance, and acquisition of services necessary to provide the required information. Dated: November 15, 2013. Stuart E. Feldstein, Director, Legislative and Regulatory Activities Division. [FR Doc. 2013–27872 Filed 11–20–13; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Fair Credit Reporting—Affiliate Marketing Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. AGENCIES: The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the renewal of an information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, 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 Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of an tkelley on DSK3SPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 17:17 Nov 20, 2013 Jkt 232001 information collection titled ‘‘Affiliate Marketing.’’ The OCC is also giving notice that it has submitted a request for renewal of its information collection titled, ‘‘Fair Credit Reporting—Affiliate Marketing’’ to OMB for review. DATES: Comments must be submitted on or before December 23, 2013. ADDRESSES: Because paper mail in the Washington, DC area and at the OCC is subject to delay, commenters are encouraged to submit comments by email if possible. Comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557–0230, 400 7th Street SW., Suite 3E–218, Mail Stop 9W–11, Washington, DC 20219. In addition, comments may be sent by fax to (571) 465–4326 or by electronic mail to regs.comments@ occ.treas.gov. You may personally inspect and photocopy comments at the OCC, 400 7th Street SW., Washington, DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 649–6700. 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. All comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not enclose any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. Additionally, please send a copy of your comments by mail to: OCC Desk Officer, 1557–230, U.S. Office of Management and Budget, 725 17th Street NW., #10235, Washington, DC 20503, or by email to: oira submission@ omb.eop.gov. FOR FURTHER INFORMATION CONTACT: You may request additional information by contacting: Johnny Vilela or Mary H. Gottlieb, OCC Clearance Officers, (202) 649–5490, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219. SUPPLEMENTARY INFORMATION: The OCC is seeking renewal, without change, of the following information collection: Title: Fair Credit Reporting—Affiliate Marketing. OMB Control No.: 1557–0230. Affected Public: Businesses or other for-profit. Burden Estimates: Estimated Number of Respondents: 166,444. Total Annual Burden: 17,189 hours. PO 00000 Frm 00122 Fmt 4703 Sfmt 4703 69935 Frequency of Response: On occasion. Description: Section 214 of the FACT Act,1 which added section 624 to the Fair Credit Reporting Act (FCRA),2 generally prohibits a person from using certain information received from an affiliate to make a solicitation for marketing purposes to the consumer, unless the consumer is given notice and an opportunity and simple method to opt out of making such solicitations. Section 214 also requires the Agencies,3 the Securities and Exchange Commission (SEC), and the Federal Trade Commission (FTC), in consultation and coordination with each other, to issue regulations implementing section 214 that, to the extent possible, are consistent and comparable. Administration of these regulations, which were codified by the OCC at 12 CFR 41.20–41.28 and that have not changed since they were last cleared by OMB under the PRA, has been transferred to the Bureau of Consumer Financial Protection (CFPB) and are now found at 12 CFR 1022.20–1022.27. Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act,4 (Dodd-Frank Act) transferred the regulations and the CFPB republished them (76 FR 79308 (December 21, 2011)). The burden estimates have been revised to remove the burden attributable to OCC-regulated institutions with over $10 billion in total assets, now carried by CFPB pursuant to section 1025 of the DoddFrank Act. The OCC retains enforcement authority and carries burden for those institutions under its supervision with total assets of $10 billion or less. Financial institutions use the required notices to inform consumers about their rights under section 214 of the FACT Act. Consumers use the notices to decide if they want to receive solicitations for marketing purposes or opt out. Financial institutions use the consumers’ opt out responses to determine the permissibility of making a solicitation for marketing purposes to consumers. If a person receives certain consumer eligibility information from an affiliate, the person may not use that information to make solicitations to the consumer about its products or services, unless the consumer is given notice and a simple method to opt out of such use of the 1 Fair and Accurate Credit Transactions Act of 2003, Public Law 108–159, 117 Stat. 1952 (December 4, 2003). 2 15 U.S.C. 1681 et seq. 3 OCC, Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation. 4 Public Law 111–203, 124 Stat. 1955, July 21, 2010. E:\FR\FM\21NON1.SGM 21NON1

Agencies

[Federal Register Volume 78, Number 225 (Thursday, November 21, 2013)]
[Notices]
[Pages 69934-69935]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-27872]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Submission for OMB Review; Lending Limits

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 public and other Federal agencies to 
comment on the renewal of an information collection, as required by the 
Paperwork Reduction Act of 1995 (PRA). In accordance with the 
requirements of the PRA, the OCC may not conduct or sponsor, and the 
respondent is not required to respond to, an information collection 
unless it displays a currently valid Office of Management and Budget 
(OMB) control number.
    The OCC is soliciting comment concerning renewal of its information 
collection titled, ``Lending Limits.'' The OCC is also giving notice 
that it has submitted the collection to OMB for review.

DATES: Comments must be submitted on or before December 23, 2013.

ADDRESSES: Because paper mail in the Washington, DC area and at the OCC 
is subject to delay, commenters are encouraged to submit comments by 
email if possible. Comments may be sent to: Legislative and Regulatory 
Activities Division, Office of the Comptroller of the Currency, 
Attention: 1557-0317, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-
11, Washington, DC 20219. In addition, comments may be sent by fax to 
(571) 465-4326 or by electronic mail to regs.comments@occ.treas.gov. 
You may personally inspect and photocopy comments at the OCC, 400 7th 
Street SW., Washington, DC 20219. For security reasons, the OCC 
requires that visitors make an appointment to inspect comments. You may 
do so by calling (202) 649-6700. 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.
    All comments received, including attachments and other supporting 
materials, are part of the public record and subject to public 
disclosure. Do not enclose any information in your comment or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-0317, U.S. Office of Management and Budget, 725 17th 
Street NW., 10235, Washington, DC 20503, or by email to: oira 
submission@omb.eop.gov.

FOR FURTHER INFORMATION CONTACT: You may request additional information 
from Johnny Vilela or Mary H. Gottlieb, OCC Clearance Officers, (202) 
649-5490, Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, 400 7th Street SW., Suite 3E-218, Mail 
Stop 9W-11, Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is seeking to renew, without change, 
the following collection:
    Title: Lending Limits--12 CFR 32.9.
    Type of Review: Extension, without revision, of a currently 
approved collection.
    OMB Control Number: 1557-0317.
    Description: Pursuant to section 610 of the Dodd-Frank Wall Street 
Reform and Consumer Protection Act of 2010, Public Law 111-203, 124 
Stat. 1376 (2010), the OCC added Sec.  32.9 to its lending limits 
regulation to cover credit exposures arising from derivative 
transactions and securities financing transactions. Twelve CFR 32.9 
provides national banks and savings associations with three alternative 
methods for calculating the credit exposure of derivative transactions 
other than credit derivatives, a special rule for measuring the credit 
exposure of credit derivatives, and three alternative methods for 
calculating such exposure for securities financing transactions. The 
OCC provided these different methods in order to reduce the practical 
burden of such calculations, particularly for smaller and mid-size 
national banks and savings associations.
    One method available for both derivative transactions and 
securities financing transactions is the Internal Model Method. Under 
this method, the use of a model (other than a model for which use has 
been approved for purposes of the Advanced Measurement Approach in the 
capital rules) must be approved in writing by the OCC (in the case of 
national banks and Federal savings associations) or the Federal Deposit 
Insurance Corporation (in the case of State savings associations) 
specifically for lending limit purposes. If a national bank or savings 
association proposes to use an internal model for which use has been 
approved for purposes of the Advanced Measurement Approach, the 
institution must provide written notification to the OCC or FDIC, as 
appropriate, prior to use of the model for lending limits purposes. 
Section 32.9 also requires OCC or FDIC approval of any substantive 
revisions to a model previously approved for lending limits purposes, 
or for which notice of its use for lending limits purposes previously 
had been provided, before the institution may use the revised model.
    Affected Public: Businesses or other for-profit.
    Burden Estimates: Estimated Number of Respondents: 238.

[[Page 69935]]

    Estimated Number of Responses per Respondent: 2.
    Estimated Annual Burden: 476 hours.
    Frequency of Response: On occasion.
    Comments: The OCC issued a notice for 60 days of comment concerning 
the collection. 78 FR 56770 (September 13, 2013). No comments were 
received. Comments continue to be invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimate of the information 
collection burden;
    (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 the capital or start-up costs and the costs 
associated with the operation, maintenance, and acquisition of services 
necessary to provide the required information.

    Dated: November 15, 2013.
Stuart E. Feldstein,
Director, Legislative and Regulatory Activities Division.
[FR Doc. 2013-27872 Filed 11-20-13; 8:45 am]
BILLING CODE 4810-33-P