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