Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Capital Distribution, 20073-20074 [2015-08499]
Download as PDF
<![CDATA[
Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices
EX No.
EX1999030158
EX1999070075
EX1999070210
EX1999070211
EX1999100227
EX1999120055
EX2000040106
EX2000080055
EX2000090045
EX2000090083
EX2000090124
EX2000120142
Holder/Company
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
...............................
Dyno Nobel North America, (Formerly, The Ensign-Bickford Company).
Mass Systems, Inc.
Advanced Concept Development, Inc.
Advanced Concept Development, Inc.
PyroAlliance.
Dyno Nobel North America, (Formerly, The Ensign-Bickford Company).
Quantic Industries, Inc.
O’Brien Design Associates, Inc.
Titan Completion Products, Ltd.
Rocktek USA Ltd.
Rocktek USA Ltd.
Technical Ordnance, Inc.
Issued in Washington, DC on April 7, 2015
under authority delegated in 49 CFR Part
106.
Magdy El-Sibaie,
Associate Administrator for Hazardous
Materials Safety, Pipeline and Hazardous
Materials Safety Administration.
[FR Doc. 2015–08470 Filed 4–13–15; 8:45 am]
BILLING CODE 4910–60–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Submission for OMB Review;
Capital Distribution
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.
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.
The OCC is soliciting comment
concerning renewal of its information
collection titled, ‘‘Capital Distribution.’’
The OCC also is giving notice that it has
sent the collection to OMB for review.
asabaliauskas on DSK5VPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:42 Apr 13, 2015
20073
Jkt 235001
Comments must be received by
May 14, 2015.
DATES:
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:
1557–0310, 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, 1557–0310, U.S. Office of
Management and Budget, 725 17th
Street NW., #10235, Washington, DC
20503, or by email to: oira submission@
omb.eop.gov.
ADDRESSES:
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.
PO 00000
Frm 00119
Fmt 4703
Sfmt 4703
The OCC
is requesting renewal of OMB’s approval
of the following information collection.
Title of Collection: Capital
Distribution.
OMB Control Number: 1557–0310.
Form Number: 1583.
Description: Under the OCC’s rules
governing capital distributions at 12
CFR part 163, subpart E, a Federal
savings association (FSA) must file a
capital distribution application with the
OCC if: (1) It is not eligible for expedited
treatment under 12 CFR 116.5; (2) the
total amount of the its capital
distributions (including the proposed
capital distribution) for the applicable
calendar year exceeds its net income for
that year to date, plus retained net
income for the preceding two years; (3)
it would not be at least adequately
capitalized, as set forth in 12 CFR 6.4,
after the capital distribution; or (4) the
proposed capital distribution would
violate any applicable statute,
regulation, or agreement with the OCC
or the OTS, or violate a condition
imposed on it in connection with an
application or notice approved by the
OCC or the OTS. 12 CFR 163.143(a).
If an FSA is not required to file a
capital distribution application, it may
be required to file a capital distribution
notice with the OCC if: (1) It would not
be well capitalized following the capital
distribution as set forth in 12 CFR
165.4(b)(1); (2) the proposed capital
distribution would reduce the amount
of or retire any part of its common or
preferred stock, or retire any part of debt
instruments (such as notes or
debentures) included in capital under
12 CFR part 3 or part 167, as applicable,
(other than regular payments required
under a debt instrument approved
under 12 CFR 163.81); or (3) it is a
subsidiary of a savings and loan holding
company. 12 CFR 163.143(b).
If neither an FSA nor its proposed
capital distribution meet the criteria
described above, the FSA is not required
to file an application or notice with the
OCC. 12 CFR 163.143(c). However, if the
FSA is required to file a notice with the
SUPPLEMENTARY INFORMATION:
E:\FR\FM\14APN1.SGM
14APN1
20074
Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices
Board of Governors of the Federal
Reserve System (FRB) involving a cash
dividend pursuant to 12 U.S.C. 1467a(f),
it is required to provide an
informational copy of the filing to the
OCC under 12 CFR 163.143(d) at the
same time the notice is filed with the
FRB.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit.
Estimated Number of Respondents:
10.
Estimated Frequency of Response: On
occasion.
Estimated Total Burden: 11 hours.
On January 26, 2015, the OCC issued
a notice regarding this collection for 60
days of comment (80 FR 4037). No
comments were received. Comments
continue to be solicited on:
a. Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
OCC;
b. The accuracy of OCC’s estimate of
the burden of the proposed information
collection;
c. Ways to enhance the quality,
utility, and clarity of the information to
be collected;
d. Ways to minimize the burden of the
information collection on respondents,
including through the use of
information technology.
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. 2015–08499 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;
Subordinated Debt
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
collection, as required by the Paperwork
Reduction Act of 1995 (PRA).
SUMMARY:
VerDate Sep<11>2014
17:42 Apr 13, 2015
Jkt 235001
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, ‘‘Subordinated Debt.’’
DATES: Comments must be submitted on
or before 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:
1557–0320, 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: 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 provide a
60-day notice in the Federal Register
PO 00000
Frm 00120
Fmt 4703
Sfmt 4703
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.
OMB granted the OCC a six-month
approval for the information collection
requirements contained in the interim
final rule entitled ‘‘Subordinated Debt
Issued by a National Bank.’’ (December
2014 Interim Final Rule).1 The OCC
obtained this approval under existing
OMB Control No. 1557–0320, which
contained the information collection
requirements in the interim final rule
entitled ‘‘Basel III Conforming
Amendments Related to CrossReferences, Subordinated Debt and
Limits Based on Regulatory Capital.’’
(February 2014 Interim Final Rule).2
The OCC proposes to extend OMB
approval of the entire information
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.
Burden Estimates:
Prepayment of Subordinated Debt in
Form of Call Option: 184 Respondents;
1.30 burden hours per respondent; 239
total burden hours.
Authority to Limit Distributions: 42
Respondents; 0.5 hours per respondent;
21 total burden hours.
Total Burden: 260 hours.
Description: The OCC amended its
rules governing subordinated debt twice
in 2014. The first set of revisions,
contained in the February 2014 Interim
Final Rule, amended the rules
applicable to both national banks and
Federal savings associations (12 CFR
5.47 and 163.81, respectively). The
second revisions, in the December 2014
Interim Final Rule, amended only the
rules application to national banks.
The February 2014 Interim Final Rule
revised the requirements of 12 CFR 5.47
applicable to national banks.
Specifically, those revisions require that
all national banks must receive prior
OCC approval in order to prepay
subordinated debt that is included in
tier 2 capital and certain banks must
receive prior OCC 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
1 79
2 79
E:\FR\FM\14APN1.SGM
FR 75417 (December 18, 2014).
FR 11300 (February 28, 2014).
14APN1
]]>Agencies
[Federal Register Volume 80, Number 71 (Tuesday, April 14, 2015)]
[Notices]
[Pages 20073-20074]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-08499]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Submission for OMB Review; Capital Distribution
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.
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.
The OCC is soliciting comment concerning renewal of its information
collection titled, ``Capital Distribution.'' The OCC also is giving
notice that it has sent the collection to OMB for review.
DATES: Comments must be received 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: 1557-0310, 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, 1557-0310, 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: 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 requesting renewal of OMB's
approval of the following information collection.
Title of Collection: Capital Distribution.
OMB Control Number: 1557-0310.
Form Number: 1583.
Description: Under the OCC's rules governing capital distributions
at 12 CFR part 163, subpart E, a Federal savings association (FSA) must
file a capital distribution application with the OCC if: (1) It is not
eligible for expedited treatment under 12 CFR 116.5; (2) the total
amount of the its capital distributions (including the proposed capital
distribution) for the applicable calendar year exceeds its net income
for that year to date, plus retained net income for the preceding two
years; (3) it would not be at least adequately capitalized, as set
forth in 12 CFR 6.4, after the capital distribution; or (4) the
proposed capital distribution would violate any applicable statute,
regulation, or agreement with the OCC or the OTS, or violate a
condition imposed on it in connection with an application or notice
approved by the OCC or the OTS. 12 CFR 163.143(a).
If an FSA is not required to file a capital distribution
application, it may be required to file a capital distribution notice
with the OCC if: (1) It would not be well capitalized following the
capital distribution as set forth in 12 CFR 165.4(b)(1); (2) the
proposed capital distribution would reduce the amount of or retire any
part of its common or preferred stock, or retire any part of debt
instruments (such as notes or debentures) included in capital under 12
CFR part 3 or part 167, as applicable, (other than regular payments
required under a debt instrument approved under 12 CFR 163.81); or (3)
it is a subsidiary of a savings and loan holding company. 12 CFR
163.143(b).
If neither an FSA nor its proposed capital distribution meet the
criteria described above, the FSA is not required to file an
application or notice with the OCC. 12 CFR 163.143(c). However, if the
FSA is required to file a notice with the
[[Page 20074]]
Board of Governors of the Federal Reserve System (FRB) involving a cash
dividend pursuant to 12 U.S.C. 1467a(f), it is required to provide an
informational copy of the filing to the OCC under 12 CFR 163.143(d) at
the same time the notice is filed with the FRB.
Type of Review: Regular.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 10.
Estimated Frequency of Response: On occasion.
Estimated Total Burden: 11 hours.
On January 26, 2015, the OCC issued a notice regarding this
collection for 60 days of comment (80 FR 4037). No comments were
received. Comments continue to be solicited on:
a. Whether the proposed collection of information is necessary for
the proper performance of the functions of the OCC;
b. The accuracy of OCC's estimate of the burden of the proposed
information collection;
c. Ways to enhance the quality, utility, and clarity of the
information to be collected;
d. Ways to minimize the burden of the information collection on
respondents, including through the use of information technology.
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. 2015-08499 Filed 4-13-15; 8:45 am]
BILLING CODE 4810-33-P
