Agency Information Collection Activities: Information Collection Renewal; Comment Request; Consumer Protections for Depository Institution Sales of Insurance, 10363-10364 [2016-04266]
Download as PDF
<![CDATA[
asabaliauskas on DSK5VPTVN1PROD with NOTICES
Federal Register / Vol. 81, No. 39 / Monday, February 29, 2016 / Notices
costs, program income, annual audit,
payment procedures, de-obligation of
federal assistance, debt service reserve,
and the right to terminate. While
retaining much of the information found
in FTA Circular 5010.1D, substantive
proposed changes include the following:
Due to the emphasis on having
adequate internal controls under the
Uniform Guidance, FTA has added
more detailed information to assure that
transactions are properly executed,
funds are safeguarded, and records are
adequately created and maintained.
The discussion of non-federal share
now lists some sources of non-federal
share, noting that the type of federal
assistance awarded determines their
eligibility as matching funds.
Proposed Chapter VI adds to the
information in FTA Circular 5010.1D
pertaining to indirect costs. Proposed
Chapter VI now states that OMB assigns
cognizant agencies for state and local
governments. U.S. DOT is the cognizant
agency for determining indirect costs for
transit districts. In addition, proposed
Chapter VI now provides extensive
instructions on how to report indirect
costs.
Proposed Chapter VI expands the
discussion of how program income is to
be used and now includes a chart
illustrating those requirements. License
fees and royalties derived from patents
and copyrights, as well as advertising
and concession fees are now expressly
acknowledged to be program income.
Proposed Chapter VI amends the
information regarding the annual
‘‘Single Audit’’ to note that the single
audit threshold has been changed from
$500,000 to $750,000, as required by 2
CFR part 200.
Proposed Chapter VI sets forth the
information about procedures a
recipient must follow and information a
recipient is requested to provide in
connection with returns of federal
assistance to the Federal Government.
When requesting federal assistance,
proposed Chapter VI reminds recipients
to verify the availability of that federal
assistance in FTA’s current electronic
award and management system.
Proposed Chapter VI provides
information regarding requisition
payments to include information on the
DELPHI e-Invoicing System or DELPHI
Markview system.
G. Appendices
Following are changes made to the
Appendices of FTA Circular 5010.1D
and information about new appendices
that have been added to the Proposed
Circular:
Proposed Appendix A, ‘‘Table of FTA
Circulars,’’ has been updated to reflect
VerDate Sep<11>2014
19:23 Feb 26, 2016
Jkt 238001
the current circulars, as well as list FTA
programs associated with the circulars.
Proposed Appendix B, ‘‘Federal
Financial Report,’’ has been updated to
remove information pertaining to
TEAM. Once TrAMS is available, FTA
will revise Appendix B to include
illustrations from TrAMS.
Proposed Appendix C, ‘‘Real Estate
Acquisition Management Plan,’’ which
is substantially similar to Appendix C of
FTA Circular 5010.1D, has been revised
to address the following issues: (1)
Acquisitions, partial acquisitions, and
anticipated number of relocations; (2)
whether FTA needs to concur in the
appraisal review; (3) issues arising from
administrative settlements; (4) the
anticipated extent of displacement,
types of displacement, availability of
replacement housing and business sites,
and other anticipated problems; and (5)
the contracting requirements, reporting
requirements, statement of policy
regarding rental property for extended
possession by tenants and owners, and
policy regarding rental of property not
immediately needed for use to
accomplish the purposes of the Award.
Proposed Appendix D, ‘‘Guide for
Preparing an Appraisal Scope of Work,’’
has been expanded to provide more
guidance on appraising real property,
especially real property with adverse
environmental conditions. FTA believes
this guidance is needed due to the
frequency of issues arising when a
recipient seeks to acquire real property,
especially when adverse environmental
conditions are present.
Proposed Appendix E, ‘‘Rolling Stock
Status Report,’’ is substantially similar
to Appendix E of FTA Circular 5010.1D.
FTA Circular 5010.1D, Appendix F,
combined information about indirect
cost rate proposals (IDRP) with cost
allocation plans (CAP). In 2 CFR part
200, indirect cost rate and cost
allocation plan have independent
definitions and requirements, Appendix
F is now solely dedicated to IDRPs and
also provides an example of what
constitutes a 20 percent change in the
FTA approved IDRP, which will then
require approval by FTA for a new
indirect cost rate.
Also consistent with new provisions
of the Uniform Guidance, Appendix F
permits recipients that have never
negotiated an indirect cost rate or have
not had an indirect cost rate approved
by a cognizant agency to choose a ‘‘de
minimis rate’’ or an indirect cost rate of
10% of the modified total direct cost.
‘‘Cost Allocation Plans’’ are now
addressed in proposed Appendix G.
Among other things, proposed
Appendix G defines a CAP consistent
with the Uniform Guidance and also
PO 00000
Frm 00159
Fmt 4703
Sfmt 4703
10363
contains information pertaining to cost
principles appendices of the Uniform
Guidance.
Proposed Appendix H [Appendix G of
FTA Circular 5010.1D], ‘‘Request for
Advance or Reimbursement (SF–270)’’
has been revised to explain how the
recipient should use FTA’s DELPHI eInvoicing of DELPHI Markview system.
New Proposed Appendix I,
‘‘Reporting on Real Property,’’ lists the
information about real property that the
recipient, at a minimum, must provide
to FTA to facilitate compliance with 2
CFR 200.329. Among the information
expressly required is the parcel number
and the size, expressed as acreage,
square or linear units.
New Proposed Appendix J, ‘‘Award
Amendments and Budget Revision
Guidelines,’’ provides an explanation of
how amendments and budget revisions
will be treated in both TEAM and
TrAMS.
Proposed Appendix K [Appendix H to
FTA Circular 5010.1D], ‘‘References,’’
has been updated to add citations to
new documents appearing in the
circular.
Proposed Appendix L [Appendix I to
FTA Circular 5010.1D], ‘‘FTA Regional
and Metropolitan Contact Information,’’
updates previous contact information.
In summary, we emphasize that
interested stakeholders should review
the proposed circular in its entirety
carefully, particularly the definitions
that have been added or revised, and
those provisions that contain new or
expanded information.
Issued in Washington, DC.
Therese W. McMillan,
Acting Administrator.
[FR Doc. 2016–04273 Filed 2–26–16; 8:45 am]
BILLING CODE P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request;
Consumer Protections for Depository
Institution Sales of Insurance
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
SUMMARY:
E:\FR\FM\29FEN1.SGM
29FEN1
asabaliauskas on DSK5VPTVN1PROD with NOTICES
10364
Federal Register / Vol. 81, No. 39 / Monday, February 29, 2016 / Notices
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, ‘‘Consumer Protections
for Depository Institution Sales of
Insurance.’’
DATES: Comments must be received by
April 29, 2016.
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:
1557–0220, 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 or, for persons
who are deaf or hard of hearing, TTY,
(202) 649–5597. 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.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, Clearance Officer,
(202) 649–5490 or, 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
VerDate Sep<11>2014
19:23 Feb 26, 2016
Jkt 238001
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
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 collection of
information set forth in this document.
The OCC is proposing to extend OMB
approval of the following information
collection:
Title: Consumer Protections for
Depository Institution Sales of
Insurance.
OMB Control No.: 1557–0220.
Type of Review: Extension, without
revision, of a currently approved
collection.
Description: This information
collection is required under section 305
of the Gramm-Leach-Bliley Act (GLB
Act), Public Law 106–102. Section 305
of the GLB Act requires the OCC, the
Board of Governors of the Federal
Reserve System, and the Federal Deposit
Insurance Corporation (collectively, the
Agencies) to prescribe joint consumer
protection regulations that apply to
retail sales practices, solicitations,
advertising, and offers of any insurance
product by a depository institution or by
other persons performing these
activities at an office of the institution
or on behalf of the institution (other
covered persons). Section 305 also
requires those performing such
activities to disclose certain information
to consumers (e.g., that insurance
products and annuities are not FDICinsured).
This information collection requires
national banks, Federal savings
associations, and other covered persons,
as defined in 12 CFR 14.20(f) and
136.20, involved in insurance sales to
make two separate disclosures to
consumers. Under §§ 14.40 and 136.40,
a national bank, Federal savings
association, or other covered person
must prepare and provide orally and in
writing: (1) Certain insurance
disclosures to consumers before the
completion of the initial sale of an
insurance product or annuity to a
consumer and (2) certain credit
disclosures at the time of application for
the extension of credit (if insurance
products or annuities are sold, solicited,
advertised, or offered in connection
with an extension of credit).
Consumers use the disclosures to
understand the risks associated with
insurance products and annuities and to
PO 00000
Frm 00160
Fmt 4703
Sfmt 4703
understand that they are not required to
purchase, and may refrain from
purchasing, certain insurance products
or annuities in order to qualify for an
extension of credit.
Affected Public: Businesses or other
for-profit.
Frequency: On occasion.
Estimated Burden:
Estimated Number of Respondents:
663.
Total Estimated Burden Hours: 3,315
hours.
Comments: 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 information collection
burden;
(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 the
services necessary to provide the
required information.
Dated: February 23, 2016.
Mary Hoyle Gottlieb,
Regulatory Specialist, Legislative and
Regulatory Activities Division.
[FR Doc. 2016–04266 Filed 2–26–16; 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; Funding
and Liquidity Risk Management
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).
SUMMARY:
E:\FR\FM\29FEN1.SGM
29FEN1
]]>Agencies
[Federal Register Volume 81, Number 39 (Monday, February 29, 2016)]
[Notices]
[Pages 10363-10364]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-04266]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Consumer Protections for Depository
Institution Sales of Insurance
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
[[Page 10364]]
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, ``Consumer Protections for Depository Institution
Sales of Insurance.''
DATES: Comments must be received by April 29, 2016.
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: 1557-0220, 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 or, for persons who are deaf or hard of hearing,
TTY, (202) 649-5597. 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.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer,
(202) 649-5490 or, 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 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 collection of information set forth
in this document.
The OCC is proposing to extend OMB approval of the following
information collection:
Title: Consumer Protections for Depository Institution Sales of
Insurance.
OMB Control No.: 1557-0220.
Type of Review: Extension, without revision, of a currently
approved collection.
Description: This information collection is required under section
305 of the Gramm-Leach-Bliley Act (GLB Act), Public Law 106-102.
Section 305 of the GLB Act requires the OCC, the Board of Governors of
the Federal Reserve System, and the Federal Deposit Insurance
Corporation (collectively, the Agencies) to prescribe joint consumer
protection regulations that apply to retail sales practices,
solicitations, advertising, and offers of any insurance product by a
depository institution or by other persons performing these activities
at an office of the institution or on behalf of the institution (other
covered persons). Section 305 also requires those performing such
activities to disclose certain information to consumers (e.g., that
insurance products and annuities are not FDIC-insured).
This information collection requires national banks, Federal
savings associations, and other covered persons, as defined in 12 CFR
14.20(f) and 136.20, involved in insurance sales to make two separate
disclosures to consumers. Under Sec. Sec. 14.40 and 136.40, a national
bank, Federal savings association, or other covered person must prepare
and provide orally and in writing: (1) Certain insurance disclosures to
consumers before the completion of the initial sale of an insurance
product or annuity to a consumer and (2) certain credit disclosures at
the time of application for the extension of credit (if insurance
products or annuities are sold, solicited, advertised, or offered in
connection with an extension of credit).
Consumers use the disclosures to understand the risks associated
with insurance products and annuities and to understand that they are
not required to purchase, and may refrain from purchasing, certain
insurance products or annuities in order to qualify for an extension of
credit.
Affected Public: Businesses or other for-profit.
Frequency: On occasion.
Estimated Burden:
Estimated Number of Respondents: 663.
Total Estimated Burden Hours: 3,315 hours.
Comments: 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 information
collection burden;
(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 the services necessary to provide the
required information.
Dated: February 23, 2016.
Mary Hoyle Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division.
[FR Doc. 2016-04266 Filed 2-26-16; 8:45 am]
BILLING CODE 4810-33-P
