Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Financial Management Policies-Interest Rate Risk, 28595 [2014-11395]

Agencies

• Office of the Comptroller of the Currency
• DEPARTMENT OF THE TREASURY

[Federal Register Volume 79, Number 95 (Friday, May 16, 2014)]
[Notices]
[Page 28595]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-11395]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Information Collection Activities: Information Collection 
Renewal; Submission for OMB Review; Financial Management Policies--
Interest Rate Risk

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on a continuing 
information collection, as required by the Paperwork Reduction Act of 
1995 (PRA).
    In accordance with the requirements of the PRA, the OCC may not 
conduct or sponsor, and 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, ``Financial Management Policies--Interest Rate 
Risk.'' It also is giving notice that it has submitted the collection 
to OMB for review.

DATES: Comments must be submitted on or before June 16, 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: 1557-0299, 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, 1557-0299, 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: Johnny Vilela or Mary H. Gottlieb, OCC 
Clearance Officers, (202) 649-5490, for persons who are deaf or hard of 
hearing, TTY, (202) 649-5597, 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.
    The OCC is proposing to extend OMB approval of the following 
information collection:
    Report Title: Financial Management Policies--Interest Rate Risk.
    Frequency of Response: On occasion.
    Affected Public: Business or other for-profit.
    OMB Control No.: 1557-0299.
    Estimated Number of Respondents: 500.
    Estimated Total Burden: 20,000.
    Abstract: This information collection covers the recordkeeping 
burden for maintaining data in accordance with OCC's regulation on 
interest rate risk procedures, 12 CFR 163.176. The purpose of the 
regulation is to ensure that Federal savings associations are managing 
their exposure to interest rate risk appropriately. To comply with this 
reporting requirement, institutions need to maintain records sufficient 
for determining how they monitor and manage interest rate risk exposure 
internally.
    Comments: The OCC published a notice for 60 days of comment 
regarding the collection on February 14, 2014. 79 FR 9046. No comments 
were received. Comments continue to be 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;
    (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: May 12, 2014.
Stuart E. Feldstein,
Director, Legislative and Regulatory Activities Division.
[FR Doc. 2014-11395 Filed 5-15-14; 8:45 am]
BILLING CODE 4810-33-P