Agency Information Collection Activities: Information Collection Renewal; Comment Request; Investment Securities, 20076-20077 [2015-08493]
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asabaliauskas on DSK5VPTVN1PROD with NOTICES
20076
Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices
release of non-public OCC information
to a requester without sufficient legal
grounds to obtain the information
would inhibit open consultation
between a bank and the OCC thereby
impairing the OCC’s supervisory and
regulatory mission. The OCC is entitled,
under statute and case law, to require
requesters to demonstrate that they have
sufficient legal grounds for the OCC to
release non-public OCC information.
The OCC needs to identify the
requester’s legal grounds to determine if
it should release the requested nonpublic OCC information.
The information requirements in 12
CFR part 4, subpart C, are as follows:
• 12 CFR 4.33: Request for non-public
OCC records or testimony.
• 12 CFR 4.35(b)(3): Third parties
requesting testimony.
• 12 CFR 4.37(a)(2): OCC former
employee notifying OCC of subpoena.
• 12 CFR 4.37(a) and (b): Limitation
on dissemination of released
information.
• 12 CFR 4.38(a) and (b): Conditions
on dissemination of released
information.
• 12 CFR 4.39(d): Request for
authenticated records or certificate of
nonexistence of records.
The OCC uses the information to
process requests for non-public OCC
information and to determine if
sufficient grounds exist for the OCC to
release the requested information or
provide testimony that would include a
discussion of non-public information.
This information collection facilitates
the processing of requests and expedites
the OCC’s release of non-public
information and testimony to the
requester, as appropriate.
Type of Review: Extension, without
change, of a currently approved
collection.
Affected Public: Businesses or other
for-profit; individuals.
Number of Respondents: 83.
Frequency of Response: On occasion.
Total Annual Burden: 241 hours.
The OCC issued a notice for 60 days
of comment on January 26, 2015 (80 FR
4038). 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
agency, including whether the
information has practical utility;
(b) The accuracy of the agency’s
estimate of the burden of the collection
of information;
(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
VerDate Sep<11>2014
17:42 Apr 13, 2015
Jkt 235001
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: April 8, 2015.
Mary H. Gottlieb,
Regulatory Specialist, Legislative and
Regulatory Activities Division.
[FR Doc. 2015–08497 Filed 4–13–15; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Comptroller of the Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request;
Investment Securities
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, ‘‘Investment
Securities.’’
DATES: You should submit written
comments by June 15, 2015.
ADDRESS: 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:
1557–0205, 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.
SUMMARY:
PO 00000
Frm 00122
Fmt 4703
Sfmt 4703
Upon arrival, visitors will be required to
present valid government-issued photo
identification and 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:
Mary H. Gottlieb, OCC Clearance
Officer, (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: The OCC
is proposing to extend OMB approval,
without change, of the following
information collection:
Title: Investment Securities.
OMB Control No.: 1557–0205.
Description: This submission covers
an existing regulation and involves no
change to the regulation or to the
information collection requirements.
The OCC requests only that OMB extend
its approval of the information
collection.
The information collection
requirements in 12 CFR part 1 are as
follows:
Under 12 CFR 1.3(h)(2), a national
bank may request an OCC determination
that it may invest in an entity that is
exempt from registration under section
3(c)(1) of the Investment Company Act
of 1940 1 if the portfolio of the entity
consists exclusively of assets that a
national bank may purchase and sell for
its own account. The OCC uses the
information contained in the request as
a basis for ensuring that the bank’s
investment is consistent with its
investment authority under applicable
law and does not pose unacceptable
risk.
Under 12 CFR 1.7(b), a national bank
may request OCC approval to extend the
five-year holding period for securities
held in satisfaction of debts previously
contracted (DPC) for up to an additional
five years. The bank must provide a
clearly convincing demonstration of
why any additional holding period is
needed. The OCC uses the information
in the request to ensure, on a case-bycase basis, that the bank’s purpose in
retaining the securities is not
speculative and that the bank’s reasons
1 15
E:\FR\FM\14APN1.SGM
U.S.C. 80a–3(c)(1).
14APN1
Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices
for requesting the extension are
adequate. The OCC also uses the
information to evaluate the risks to the
bank of extending the holding period,
including potential effects on the bank’s
safety and soundness.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit.
Estimated Number of Respondents:
25.
Estimated Total Annual Burden: 460
hours.
Frequency of Response: On occasion.
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 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 burden of the collection
of information;
(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 capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Dated: April 8, 2015.
Mary H. Gottlieb,
Regulatory Specialist, Legislative and
Regulatory Activities Division.
[FR Doc. 2015–08493 Filed 4–13–15; 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;
International Regulation
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
asabaliauskas on DSK5VPTVN1PROD with NOTICES
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
SUMMARY:
VerDate Sep<11>2014
17:42 Apr 13, 2015
Jkt 235001
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 ‘‘International
Regulation.’’
DATES: Comments must be received by
June 15, 2015.
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:
1557–0102, 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 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:
Mary H. Gottlieb, OCC Clearance
Officer, (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: The OCC
is proposing to extend OMB approval of
the following information collection
without change:
Title: International Regulation—Part
28.
OMB Control No.: 1557–0102.
Description: This submission covers
an existing regulation and involves no
change to the regulation or to the
information collection requirements.
PO 00000
Frm 00123
Fmt 4703
Sfmt 4703
20077
The OCC requests only that OMB extend
its approval of the information
collection.
12 CFR 28.3 Filing Requirements for
Foreign Operations of a National
Bank—Notice Requirement. A national
bank shall notify the OCC when it files
an application, notice, or report with the
FRB 1 to establish or open a foreign
branch, or acquire or divest of an
interest in, or close, an Edge
corporation, Agreement corporation,
foreign bank, or other foreign
organization; or opens a foreign branch,
and no application or notice is required
by the FRB for such transaction.
In practice, the OCC also has required
an application pursuant to section
28.3(c) from a national bank seeking to
join a foreign exchange, clearinghouse,
or similar type of organization. In lieu
of a notice, the OCC may accept a copy
of an application, notice, or report
submitted to another Federal agency
that covers the proposed action and
contains substantially the same
information required by the OCC. A
national bank shall furnish the OCC
with any additional information the
OCC may require in connection with the
national bank’s foreign operations.
12 CFR 28.14(c) Limitations Based
Upon Capital of a Foreign Bank—
Aggregation. A foreign bank shall
aggregate business transacted by all
Federal branches and agencies with the
business transacted by all state branches
and agencies controlled by the foreign
bank in determining its compliance
with limitations based upon the capital
of the foreign bank. A foreign bank shall
designate one Federal branch or agency
office in the United States to maintain
consolidated information so that the
OCC can monitor compliance.
12 CFR 28.15(d), (d)(1), (d)(2), and (f)
Capital Equivalency Deposits. A foreign
bank should require its depository bank
to segregate its capital equivalency
deposits on the depository bank’s books
and records. The instruments making up
the capital equivalency deposit that are
placed in safekeeping at a depository
bank to satisfy a foreign bank’s capital
equivalency deposit requirement must
be maintained pursuant to an agreement
prescribed by the OCC that shall be a
written agreement entered into with the
OCC. Each Federal branch or agency
shall maintain a capital equivalency
account and keep records of the amount
of liabilities requiring capital
equivalency coverage in a manner and
form prescribed by the OCC. A foreign
bank’s capital equivalency deposits may
not be reduced in value below the
1 Board of Governors of the Federal Reserve
System.
E:\FR\FM\14APN1.SGM
14APN1
]]>Agencies
[Federal Register Volume 80, Number 71 (Tuesday, April 14, 2015)]
[Notices]
[Pages 20076-20077]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-08493]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Investment Securities
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, ``Investment Securities.''
DATES: You should submit written comments by June 15, 2015.
ADDRESS: 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: 1557-0205, 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 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: Mary H. Gottlieb, OCC Clearance
Officer, (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: The OCC is proposing to extend OMB approval,
without change, of the following information collection:
Title: Investment Securities.
OMB Control No.: 1557-0205.
Description: This submission covers an existing regulation and
involves no change to the regulation or to the information collection
requirements. The OCC requests only that OMB extend its approval of the
information collection.
The information collection requirements in 12 CFR part 1 are as
follows:
Under 12 CFR 1.3(h)(2), a national bank may request an OCC
determination that it may invest in an entity that is exempt from
registration under section 3(c)(1) of the Investment Company Act of
1940 \1\ if the portfolio of the entity consists exclusively of assets
that a national bank may purchase and sell for its own account. The OCC
uses the information contained in the request as a basis for ensuring
that the bank's investment is consistent with its investment authority
under applicable law and does not pose unacceptable risk.
Under 12 CFR 1.7(b), a national bank may request OCC approval to
extend the five-year holding period for securities held in satisfaction
of debts previously contracted (DPC) for up to an additional five
years. The bank must provide a clearly convincing demonstration of why
any additional holding period is needed. The OCC uses the information
in the request to ensure, on a case-by-case basis, that the bank's
purpose in retaining the securities is not speculative and that the
bank's reasons
[[Page 20077]]
for requesting the extension are adequate. The OCC also uses the
information to evaluate the risks to the bank of extending the holding
period, including potential effects on the bank's safety and soundness.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 25.
Estimated Total Annual Burden: 460 hours.
Frequency of Response: On occasion.
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 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 burden of the
collection of information;
(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 capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 80a-3(c)(1).
Dated: April 8, 2015.
Mary H. Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division.
[FR Doc. 2015-08493 Filed 4-13-15; 8:45 am]
BILLING CODE 4810-33-P
