Information Collection Activities: Information Collection Renewal; Comment Request; General Reporting and Recordkeeping Requirements by Savings Associations, 9044-9045 [2014-03315]
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9044
Federal Register / Vol. 79, No. 31 / Friday, February 14, 2014 / Notices
to offer their advice and
recommendations to the OFR, which,
among other things, is responsible for
collecting and standardizing data on
financial institutions and their activities
and for supporting the work of Financial
Stability Oversight Council.
This is the third meeting of the
Financial Research Advisory
Committee. At this meeting, the topics
to be discussed will include OFR
progress on prior committee
recommendations, current activities of
the OFR, Subcommittee reports to the
Committee, and Committee
recommendations. For more information
on the OFR and the Committee, please
visit the OFR Web site at https://
www.treasury.gov/ofr. Due to the
significant logistical difficulties of
convening the members of the FRAC,
the meeting has been scheduled with
less than 15 days notice (see 41 CFR
102–3.150(b)).
Dated: February 6, 2014.
Barbara Shycoff,
Chief of External Affairs.
[FR Doc. 2014–03280 Filed 2–13–14; 8:45 am]
BILLING CODE P
DEPARTMENT OF THE TREASURY
Information Collection Activities:
Information Collection Renewal;
Comment Request; General Reporting
and Recordkeeping Requirements by
Savings Associations
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 (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 renewal of its information
collection titled, ‘‘General Reporting
and Recordkeeping Requirements by
Savings Associations.’’
DATES: Comments must be submitted on
or before April 15, 2014.
ADDRESSES: Because paper mail in the
Washington, DC area and at the OCC is
mstockstill on DSK4VPTVN1PROD with NOTICES
VerDate Mar<15>2010
17:47 Feb 13, 2014
Jkt 232001
You
may request additional information or a
copy of the collection 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.
FOR FURTHER INFORMATION CONTACT:
Office of the Comptroller of the
Currency
SUMMARY:
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:
1557–0266, 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.
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
the PRA (44 U.S.C. 3506(c)(2)(A))
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 proposed
collection of information set forth in
this document.
The OCC is proposing to extend OMB
approval of the following information
collection:
SUPPLEMENTARY INFORMATION:
PO 00000
Frm 00108
Fmt 4703
Sfmt 4703
Title: General Reporting and
Recordkeeping Requirements by Savings
Associations.
OMB Control No.: 1557–0266.
Type of Review: Regular review.
Abstract: This information collection
relates to reports and records required
by the following regulations:
• 12 CFR 152.11 (books and records,
Federal stock associations);
• 12 CFR 145.96(c) (agency business
records, Federal stock associations);
• 12 CFR 144.8 (communications
between members of a Federal mutual
savings association);
• 12 CFR 162.1 (regulatory reporting
requirements, each savings association
and its affiliates);
• 12 CFR 163.1 (chartering
documents, each savings association);
• 12 CFR 163.47(e) (pension plans,
each savings association or service
corporation);
• 12 CFR 172.6(b) (standard flood
hazard determination form, each savings
association);
• 12 CFR 162.4 (audit of savings
association, savings and loan holding
company, or affiliate); and
• 12 CFR 163.76(c) (offers and sales of
securities of a savings association or its
affiliates in any office of the savings
association).
Savings associations use the reports
and records that the regulations require
for internal management control
purposes and examiners use them to
determine whether savings associations
are being operated safely, soundly, and
in compliance with regulations. An
absence of the reporting and record
keeping requirements would not allow
for prudent internal controls or for
examiners to determine the accurate
performance and condition of savings
associations.
Affected Public: Businesses or other
for-profit.
Burden Estimates:
Estimated Number of Respondents:
500.
Estimated Total Burden: 68,345
hours.
Frequency of Response: On occasion.
Comments: Comments submitted in
response to this notice will be
summarized and included in the request
for OMB approval. All comments will
become a matter of public record.
Comments are invited on:
(a) Whether the collections of
information 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;
E:\FR\FM\14FEN1.SGM
14FEN1
Federal Register / Vol. 79, No. 31 / Friday, February 14, 2014 / Notices
(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: February 10, 2014.
Stuart E. Feldstein,
Director, Legislative and Regulatory Activities
Division.
[FR Doc. 2014–03315 Filed 2–13–14; 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; Retail
Foreign Exchange Transactions
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
AGENCY:
The OCC is soliciting
comment concerning its information
collection titled, ‘‘Retail Foreign
Exchange Transactions.’’
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). Under the PRA,
Federal agencies are required to publish
notice in the Federal Register
concerning each proposed collection of
information, including each proposed
extension of an existing collection of
information and to allow 60 days for
public comment in response to the
notice. 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.
DATES: Comments must be submitted on
or before April 15, 2014.
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
mstockstill on DSK4VPTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
17:47 Feb 13, 2014
Jkt 232001
Activities Division, Office of the
Comptroller of the Currency, Attention:
1557–0250, 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 submit to a 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.
FOR FURTHER INFORMATION CONTACT: You
can 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.,
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
the PRA (44 U.S.C. 3506(c)(2)(A))
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 proposed
collection of information set forth in
this document.
The OCC is proposing to extend OMB
approval of the following information
collection without change:
Title: Retail Foreign Exchange
Transactions.
OMB Control Number: 1557–0250.
Description: Section 742(c)(2) of the
Dodd-Frank Wall Street Reform and
Consumer Protection Act of 2010 (Dodd-
PO 00000
Frm 00109
Fmt 4703
Sfmt 4703
9045
Frank Act) 1 amended the Commodity
Exchange Act (CEA) to provide that a
U.S. financial institution for which
there is a Federal regulatory agency
supervisor shall not enter into, or offer
to enter into, a transaction described in
section 2(c)(2)(B)(i)(I) of the CEA 2 with
a retail customer except pursuant to a
rule or regulation of a Federal regulatory
agency allowing the transaction under
such terms and conditions as the
Federal regulatory agency shall
prescribe.3
The OCC issued a final rule at 12 CFR
part 48 allowing such transactions for
the institutions it regulates.4 The final
rule contained a number of provisions,
including a number of provisions that
would represent collections of
information under the PRA. At the time
the rule was issued, the OCC requested
and obtained approval from OMB to
collect this information through July 31,
2014. This request seeks an extension of
the collection for three years, through
July 31, 2017. A section-by-section
description of the reporting,
recordkeeping and disclosure
requirements contained in the OCC’s
rules at 12 CFR part 48 follows.
Reporting Requirements
The reporting requirements in § 48.4
require that, prior to initiating a retail
forex business, a national bank or
Federal savings association provide the
OCC with prior notice and obtain a
written supervisory no-objection letter.
In order to obtain a supervisory noobjection letter, a national bank or
Federal savings association must have
written policies, procedures, and risk
measurement and management systems
and controls in place to ensure that
retail forex transactions are conducted
in a safe and sound manner. The
national bank or Federal savings
association also must provide other
information required by the OCC, such
as documentation of customer due
diligence, new product approvals, and
haircuts applied to noncash margins.
Disclosure Requirements
Under § 48.5, regarding the
application and closing out of offsetting
1 Public Law 111–203, 124 Stat. 1376. (July 21,
2010) 7 U.S.C. 2(c)(2)(E).
2 A transaction would include an agreement,
contract, or transaction in foreign currency that . . .
is a contract of sale of a commodity for future
delivery (or an option on such a contract) or an
option (other than an option executed or traded on
a national securities exchange registered pursuant
to section 6(a) of the Securities Exchange Act of
1934. 7 U.S.C. 2(c)(2)(B)(i)(II).
3 7 U.S.C. 2(c)(2)(E)(ii)(I).
4 76 FR 41375 (July 14, 2011) (national banks); 76
FR 56094 (Sept. 12, 2011) (Federal savings
associations).
E:\FR\FM\14FEN1.SGM
14FEN1
]]>Agencies
[Federal Register Volume 79, Number 31 (Friday, February 14, 2014)]
[Notices]
[Pages 9044-9045]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-03315]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Information Collection Activities: Information Collection
Renewal; Comment Request; General Reporting and Recordkeeping
Requirements by Savings Associations
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).
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 renewal of its information
collection titled, ``General Reporting and Recordkeeping Requirements
by Savings Associations.''
DATES: Comments must be submitted on or before April 15, 2014.
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: 1557-0266, 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.
FOR FURTHER INFORMATION CONTACT: You may request additional information
or a copy of the collection 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: 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 the PRA (44 U.S.C. 3506(c)(2)(A)) 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 proposed collection of information
set forth in this document.
The OCC is proposing to extend OMB approval of the following
information collection:
Title: General Reporting and Recordkeeping Requirements by Savings
Associations.
OMB Control No.: 1557-0266.
Type of Review: Regular review.
Abstract: This information collection relates to reports and
records required by the following regulations:
12 CFR 152.11 (books and records, Federal stock
associations);
12 CFR 145.96(c) (agency business records, Federal stock
associations);
12 CFR 144.8 (communications between members of a Federal
mutual savings association);
12 CFR 162.1 (regulatory reporting requirements, each
savings association and its affiliates);
12 CFR 163.1 (chartering documents, each savings
association);
12 CFR 163.47(e) (pension plans, each savings association
or service corporation);
12 CFR 172.6(b) (standard flood hazard determination form,
each savings association);
12 CFR 162.4 (audit of savings association, savings and
loan holding company, or affiliate); and
12 CFR 163.76(c) (offers and sales of securities of a
savings association or its affiliates in any office of the savings
association).
Savings associations use the reports and records that the
regulations require for internal management control purposes and
examiners use them to determine whether savings associations are being
operated safely, soundly, and in compliance with regulations. An
absence of the reporting and record keeping requirements would not
allow for prudent internal controls or for examiners to determine the
accurate performance and condition of savings associations.
Affected Public: Businesses or other for-profit.
Burden Estimates:
Estimated Number of Respondents: 500.
Estimated Total Burden: 68,345 hours.
Frequency of Response: On occasion.
Comments: Comments submitted in response to this notice will be
summarized and included in the request for OMB approval. All comments
will become a matter of public record. Comments are invited on:
(a) Whether the collections of information 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;
[[Page 9045]]
(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: February 10, 2014.
Stuart E. Feldstein,
Director, Legislative and Regulatory Activities Division.
[FR Doc. 2014-03315 Filed 2-13-14; 8:45 am]
BILLING CODE 4810-33-P
