Agency Information Collection Activities: Information Collection Renewal; Comment Request; Electronic Operations, 43823-43824 [2014-17719]
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Federal Register / Vol. 79, No. 144 / Monday, July 28, 2014 / Notices
agency requests or requirements that
members of the public submit reports,
keep records, or provide information to
a third party.
In connection with issuance of the
interim final rule entitled ‘‘Basel III
Conforming Amendments Related to
Cross-References, Subordinated Debt
and Limits Based on Regulatory
Capital,’’ OMB provided a six-month
approval for this information collection.
79 FR 11300 (February 28, 2014). The
OCC is proposing to extend OMB
approval of the collection for the
standard three years.
Title: Subordinated Debt.
OMB Control No.: 1557–0320.
Frequency of Response: On occasion.
Affected Public: Business or other forprofit.
Number of Respondents: 184.
Burden per Respondent: 1.3 hours.
Total Burden: 239 hours.
Description: Federal law and OCC
regulations require that, under certain
circumstances, a national bank or
Federal savings association
(collectively, ‘‘institution’’) must receive
OCC approval to issue or prepay
subordinated debt and include
subordinated debt in tier 2 capital. The
OCC uses information contained in
various applications submitted by
institutions to decide whether to grant
approval for requests to issue or prepay
subordinated debt and/or include
subordinated debt in tier 2 capital.
The OCC uses the collected
information to determine whether to
approve an institution’s request to issue
or prepay subordinated debt or include
subordinated debt in tier 2 capital. In
addition, the OCC uses the information
to determine whether to require an
institution to replace the subordinated
debt with an instrument of an
equivalent amount that satisfies the
requirements for a tier 1 or tier 2 capital
instrument. Also, when prepayment of
subordinated debt is in the form of a call
option and the subordinated debt is
included in tier 2 capital, the OCC uses
information provided by an institution
to determine whether to require the
institution to replace the instrument
with an instrument that meets the
criteria for tier 1 or tier 2 capital, and,
if so, whether the replacement
instrument would qualify as tier 1 or
tier 2 capital. The information collected
is used to ensure compliance with legal
and regulatory requirements. In the case
of a prepayment in the form of a call
option, the OCC uses the additional
information collected from institutions
to implement a requirement in the
OCC’s capital regulations, as described
below.
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Through the interim final rule, the
OCC revised the requirements of § 5.47.
Specifically, all national banks now
must receive prior OCC approval in
order to prepay subordinated debt that
is included in tier 2 capital, and certain
banks must receive prior approval to
prepay subordinated debt that is not
included in tier 2 capital. If the
prepayment is in the form of a call
option and the subordinated debt is
included in tier 2 capital, a national
bank must submit the information
required for general prepayment
requests under paragraph (n)(1)(ii)(A)
and also comply with paragraph
(n)(1)(ii)(B)(2), which requires a national
bank to submit either: (1) A statement
explaining why the bank believes that
following the proposed prepayment the
bank would continue to hold an amount
of capital commensurate with its risk; or
(2) a description of the replacement
capital instrument that meets the
criteria for tier 1 or tier 2 capital under
12 CFR 3.20, including the amount of
such instrument and the time frame for
issuance.
The OCC also revised the
requirements of § 163.81 in the interim
rule. Specifically, the prepayment of
subordinated debt securities or
mandatorily redeemable preferred stock
(‘‘covered securities’’) included in tier 2
capital now requires prior OCC
approval. In addition, if the prepayment
is in the form of a call option, a Federal
savings association must submit the
information required for general
prepayment requests under paragraph
(j)(2)(i) and also comply with paragraph
(j)(2)(ii)(A), which requires a Federal
savings association to submit either: (1)
A statement explaining why the Federal
savings association believes that
following the proposed prepayment the
savings association would continue to
hold an amount of capital
commensurate with its risk; or (2) a
description of the replacement capital
instrument that meets the criteria for
tier 1 or tier 2 capital under 12 CFR
3.20, including the amount of such
instrument and the time frame for
issuance.
The OCC solicited comment on this
collection for 60 days (79 FR 22762
(April 23, 2014)). 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
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43823
validity of the methodology and
assumptions used;
(c) Ways to enhance the quality,
utility, and clarity of the information to
be collected; and
(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.
Dated: July 22, 2014.
Stuart E. Feldstein,
Director, Legislative and Regulatory Activities
Division.
[FR Doc. 2014–17717 Filed 7–25–14; 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; Comment Request;
Electronic Operations
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). 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,
‘‘Electronic Operations.’’
DATES: Comments must be submitted on
or before September 26, 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:
1557–0301, 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,
SUMMARY:
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43824
Federal Register / Vol. 79, No. 144 / Monday, July 28, 2014 / Notices
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:
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
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 publish 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 its intention to
renew the collection of information set
forth in this document.
The OCC is proposing to extend OMB
approval of this collection for three
years:
Title: Electronic Operations.
OMB Control No.: 1557–0301.
Frequency of Response: On occasion.
Affected Public: Business or other forprofit.
Number of Respondents: 15.
Burden per Respondent: 2 hours.
Total Burden: 30 hours.
Description: Twelve CFR part 155
provides that Federal savings
associations may use, or participate
with others to use, electronic means or
facilities to perform any function, or
provide any product or service, as part
of an authorized activity. Electronic
means or facilities include, but are not
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17:53 Jul 25, 2014
Jkt 232001
limited to, automated teller machines,
automated loan machines, personal
computers, the Internet, the World Wide
Web, telephones, and other similar
electronic devices. The regulation
requires each savings association to
notify the OCC at least 30 days before
establishing a transactional Web site. A
transactional Web site is an Internet site
that enables users to conduct financial
transactions such as accessing an
account, obtaining an account balance,
transferring funds, processing bill
payments, opening an account, applying
for or obtaining a loan, or purchasing
other authorized products or services.
Savings associations that present
supervisory or compliance concerns
may be subject to additional procedural
requirements.
This information collection facilitates
the OCC’s ability to identify industry
technology trends and better understand
emerging technologies. The information
is collected transactionally and is used
to ensure that safety and soundness
requirements are being met.
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;
(c) Ways to enhance the quality,
utility, and clarity of the information to
be collected; and
(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.
Dated: July 22, 2014.
Stuart E. Feldstein,
Director, Legislative and Regulatory Activities
Division.
[FR Doc. 2014–17719 Filed 7–25–14; 8:45 am]
BILLING CODE 4810–33–P
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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;
Community Reinvestment Act
Regulations
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).
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 its
information collection titled,
‘‘Community Reinvestment Act
Regulations.’’ The OCC is also giving
notice that it has sent the collection to
OMB for review.
DATES: Comments must be submitted on
or before August 27, 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:
1557–0160, 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
SUMMARY:
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]]>Agencies
[Federal Register Volume 79, Number 144 (Monday, July 28, 2014)]
[Notices]
[Pages 43823-43824]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-17719]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Electronic Operations
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). 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, ``Electronic Operations.''
DATES: Comments must be submitted on or before September 26, 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: 1557-0301, 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,
[[Page 43824]]
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: 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 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 publish 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 its intention to renew the collection
of information set forth in this document.
The OCC is proposing to extend OMB approval of this collection for
three years:
Title: Electronic Operations.
OMB Control No.: 1557-0301.
Frequency of Response: On occasion.
Affected Public: Business or other for-profit.
Number of Respondents: 15.
Burden per Respondent: 2 hours.
Total Burden: 30 hours.
Description: Twelve CFR part 155 provides that Federal savings
associations may use, or participate with others to use, electronic
means or facilities to perform any function, or provide any product or
service, as part of an authorized activity. Electronic means or
facilities include, but are not limited to, automated teller machines,
automated loan machines, personal computers, the Internet, the World
Wide Web, telephones, and other similar electronic devices. The
regulation requires each savings association to notify the OCC at least
30 days before establishing a transactional Web site. A transactional
Web site is an Internet site that enables users to conduct financial
transactions such as accessing an account, obtaining an account
balance, transferring funds, processing bill payments, opening an
account, applying for or obtaining a loan, or purchasing other
authorized products or services. Savings associations that present
supervisory or compliance concerns may be subject to additional
procedural requirements.
This information collection facilitates the OCC's ability to
identify industry technology trends and better understand emerging
technologies. The information is collected transactionally and is used
to ensure that safety and soundness requirements are being met.
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;
(c) Ways to enhance the quality, utility, and clarity of the
information to be collected; and
(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.
Dated: July 22, 2014.
Stuart E. Feldstein,
Director, Legislative and Regulatory Activities Division.
[FR Doc. 2014-17719 Filed 7-25-14; 8:45 am]
BILLING CODE 4810-33-P
