Agency Information Collection Activities: Proposed Information Collection; Submission for OMB Review; Domestic Credit Card Data, 35739-35740 [2015-15254]

Agencies

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

[Federal Register Volume 80, Number 119 (Monday, June 22, 2015)]
[Notices]
[Pages 35739-35740]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-15254]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Proposed Information 
Collection; Submission for OMB Review; Domestic Credit Card Data

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 an 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 proposed information 
collection titled, ``Domestic Credit Card Data.'' The OCC also is 
giving notice that the collection has been submitted to OMB for review.

DATES: You should submit written comments by: July 22, 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-NEW, 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 prainfo@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 include 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-NEW, 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: Shaquita Merritt, 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., 
Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is requesting approval on its 
proposed information collection.
    Title: Domestic Credit Card Data.
    OMB Control Number: To be assigned by OMB.
    Description This collection involves the provision of monthly 
comprehensive credit card account-level data to the OCC. The OCC 
requires this comprehensive credit card data to obtain a detailed 
picture of the activities of national bank credit card issuers. The 
scope of the credit card data includes domestic general purpose, 
private label, and business card portfolios (excluding corporate and 
government). Additionally, it includes credit bureau attributes at the 
account-level and portfolio-level data. The collection request covers 
all credit card receivables managed by the largest national banks 
credit card issuers and their subsidiaries. The credit card account-
level data requested uses common definitions and data elements for 
asset quality metrics (delinquencies, losses, etc.), forbearance 
activities, and segmentation by credit quality risk indicators (such as 
credit scores). The credit card portfolio-level data request uses 
common definitions and data elements for portfolio performance metrics 
not likely to be captured at the account level. The account-level data 
collection frequency is monthly with credit attributes collected 
quarterly; the portfolio-level data collection is quarterly using 
month-end data for each month in the quarter. The data is subject to an 
information security program to ensure its confidentiality.
    This collection supports OCC's efforts to perform risk-based 
supervision of large banks by enhancing its benchmarking and analytic 
capabilities. Comprehensive credit card data allows early warning 
analysis and benchmarking across the largest federally-regulated credit 
card issuers. A standard set of data elements and definitions allows 
sound conclusions to be drawn regarding the credit card industry. The 
data are important and necessary to support supervisory activities to 
ensure the safety and soundness of the federal banking system.
    Type of Review: Regular review.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 17 (16 institutions; 1 credit 
bureau).
    Estimated Annual Responses per Respondent: 12.
    Estimated Burden per Response: 430 hours.
    Estimated Total Annual Burden: 87,720 hours.
    An agency may not conduct or sponsor, and a respondent is not 
required to respond to, an information collection unless the 
information collection displays a currently valid OMB control number.
    The OCC issued a notice regarding this collection for 60 days of 
comment on September 5, 2014, (79 FR 53101). The OCC received two 
comments regarding the collection from two trade associations.
    One trade association recommended that the OCC: (a) Extend the 
comment period for the information collection; (b) publish a copy of 
the proposed

[[Page 35740]]

information collection; and (c) provide sufficient additional detail to 
permit informed comment.
    The other trade association acknowledged that, while the notice 
provided a general description of the data requested, it did not 
include the specific data templates. In addition, it was not clear to 
the commenter which national banks would be subject to the data 
collection, the timeframe for submission, and the effective date of the 
collection. The commenter also suggested that the data collection might 
duplicate data that banking organizations already are providing to the 
Federal Reserve Board (FRB) in connection with the FR Y-14 reporting 
requirements and pointed out that the potential for duplication is 
especially relevant to national banks that are the dominant subsidiary 
in a holding company structure. The commenter recommended coordination 
of the data collection with the FRB to minimize duplicative or 
divergent reporting requirements. The commenter suggested that the OCC 
consider accepting data currently submitted to the FRB in connection 
with the FR Y-14 in satisfaction of the data collection or work with 
the FRB to establish a single set of data with identical file layouts 
and definitions. The commenter also suggested, as an alternative, 
having the FRB add data elements to the FR Y-14 that designate whether 
a loan is part of the bank or a non-bank affiliate.
    The request to extend the existing comment period, publish a copy 
of the proposed collection, and provide sufficient additional detail to 
permit informed comment will be met by issuance of the 30-day notice 
and the Information Collection Request (ICR) submission to OMB. For 
example, the ICR will include a Supporting Statement and a copy of the 
field definitions for account-level data. Additional details requested 
by the commenters will be included in the Supporting Statement. 
Furthermore, the OCC is actively exploring use of the FRB's FR Y-14 
data, where possible, in order to decrease banks' reporting burden.
    One commenter also indicated that the legal authority permitting 
the OCC to collect this information and the purpose of the collection 
were not disclosed. Federal law provides the OCC with extensive 
authority to require records and information from national banks, 
Federal savings associations, and their subsidiaries.\1\ The purpose of 
the collection is required to be included in the Supporting Statement 
filed as part of the ICR.
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    \1\ See, e.g.,12 U.S.C. 481, 484, 1464(d)(1)(B).
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    The OCC understands the commenters concerns and will carefully 
consider all comments submitted in response to the 30-day notice.
    Comments continue to be invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information shall have 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: June 16, 2015.
Stuart E. Feldstein,
Director, Legislative and Regulatory Activities Division.
[FR Doc. 2015-15254 Filed 6-19-15; 8:45 am]
BILLING CODE 4810-33-P