Agency Information Collection Requirements; Information Collection Renewal; Submission for OMB Review; Release of Non-Public Information, 20075-20076 [2015-08497]
Download as PDF
<![CDATA[
Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices
asabaliauskas on DSK5VPTVN1PROD with NOTICES
information required for general
prepayment requests under 12 CFR
5.47(g)(1)(ii)(A) 3 and also must comply
with 12 CFR 5.47(g)(1)(ii)(B)(2) 4, 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 February 2014 Interim Final Rule
also revised the requirements of 12 CFR
163.81 5 applicable to Federal savings
associations. Specifically, those
revisions require a Federal savings
association to obtain prior OCC
approval to prepay subordinated debt
securities or mandatorily redeemable
preferred stock (covered securities)
included in tier 2 capital. 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
12 CFR 163.81(j)(2)(i) and also comply
with 12 CFR 163.81(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 Federal
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 December 2014 Interim Final
Rule revised 12 CFR 5.47 to add a
disclosure requirement in 12 CFR
5.47(d)(3)(ii)(C). A national bank must
describe in the subordinated debt note
the OCC’s authority under 12 CFR 3.11
to limit distributions, including interest
payments on any tier 2 capital
instrument, if the national bank has full
discretion to permanently or
temporarily suspend such payments
without triggering an event of default.
3 Appeared as § 5.47(n)(1)(ii)(B) in the February
2014 Interim Final Rule and subsequently
redesignated as § 5.47(g)(1)(ii)(B).
4 Appeared as § 5.47(n)(1)(ii)(A) in the February
2014 Interim Final Rule and subsequently
redesignated as § 5.47(g)(1)(ii)(A).
5 The OCC proposed to renumber this section as
new § 5.56 in its proposed rule entitled ‘‘Integration
of National Bank and Federal Savings Association
Regulations: Licensing Rules,’’ 79 FR 33260 (June
10, 2014).
VerDate Sep<11>2014
17:42 Apr 13, 2015
Jkt 235001
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: April 8, 2015.
Mary H. Gottlieb,
Regulatory Specialist, Legislative and
Regulatory Activities Division.
[FR Doc. 2015–08498 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
Requirements; Information Collection
Renewal; Submission for OMB Review;
Release of Non-Public Information
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, ‘‘Release of Non-Public
Information.’’ The OCC also is giving
notice that it has sent the collection to
OMB for review.
DATES: You should submit written
comments by May 14, 2015.
SUMMARY:
PO 00000
Frm 00121
Fmt 4703
Sfmt 4703
20075
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:
1557–0200, 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, 1557–0200, U.S. Office of
Management and Budget, 725 17th
Street NW., #10235, Washington, DC
20503, or by email to: oirasubmission@
omb.eop.gov.
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:
Title: Release of Non-Public
Information—12 CFR 4, Subpart C.
OMB No.: 1557–0200.
Description: This submission covers
an existing regulation and involves no
change to the regulation or to the
information collections embodied in the
regulation. The OCC requests only that
OMB renew its approval of the
information collections in the current
regulation.
The information requirements require
individuals who are requesting nonpublic OCC information to provide the
OCC with information regarding the
legal grounds for the request. The
ADDRESSES:
E:\FR\FM\14APN1.SGM
14APN1
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
]]>Agencies
[Federal Register Volume 80, Number 71 (Tuesday, April 14, 2015)]
[Notices]
[Pages 20075-20076]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-08497]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Requirements; Information
Collection Renewal; Submission for OMB Review; Release of Non-Public
Information
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, ``Release of Non-Public Information.'' The OCC also
is giving notice that it has sent the collection to OMB for review.
DATES: You should submit written comments by May 14, 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: 1557-0200, 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, 1557-0200, U.S. Office of Management and Budget, 725 17th
Street NW., #10235, Washington, DC 20503, or by email to:
oirasubmission@omb.eop.gov.
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:
Title: Release of Non-Public Information--12 CFR 4, Subpart C.
OMB No.: 1557-0200.
Description: This submission covers an existing regulation and
involves no change to the regulation or to the information collections
embodied in the regulation. The OCC requests only that OMB renew its
approval of the information collections in the current regulation.
The information requirements require individuals who are requesting
non-public OCC information to provide the OCC with information
regarding the legal grounds for the request. The
[[Page 20076]]
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 non-public 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 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
