Agency Information Collection Activities: Information Collection Renewal; Comment Request; Lending Limits, 19288-19289 [2016-07597]
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19288
Federal Register / Vol. 81, No. 64 / Monday, April 4, 2016 / Notices
Estimated Annual Burden: 131 hours.
Comments: All comments will be
considered in formulating the
subsequent submission and 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 services
to provide information.
Dated: March 29, 2016.
Mary Hoyle Gottlieb,
Regulatory Specialist, Legislative and
Regulatory Activities Division.
[FR Doc. 2016–07592 Filed 4–1–16; 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; Lending
Limits
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 comment on the renewal of
an information collection, as required
by the Paperwork Reduction Act of 1995
(PRA).
An agency may not conduct or
sponsor, and a 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, ‘‘Lending Limits.’’
DATES: Comments must be submitted by
June 3, 2016.
ADDRESSES: Because paper mail in the
Washington, DC area and at the OCC is
mstockstill on DSK4VPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
19:03 Apr 01, 2016
Jkt 238001
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:
1557–0221, 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 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., Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the
PRA (44 U.S.C. 3501–3520), Federal
agencies must obtain approval from the
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 renewal of
the collection of information set forth in
this document.
Title: Lending Limits.
OMB Control No.: 1557–0221 (12 CFR
32.7) (Merging in 1557–0317 (12 CFR
32.7)).
PO 00000
Frm 00177
Fmt 4703
Sfmt 4703
Affected Public: Businesses or other
for-profit.
Type of Review: Extension of a
currently approved collection.
Abstract: 12 CFR 32.7(a) provides
that, in addition to the amount that a
national bank or savings association
may lend to one borrower under 12 CFR
32.3, an eligible national bank or
savings association may make:
• Residential real estate loans or
extensions of credit to one borrower in
the lesser of the following two amounts:
10 percent of its capital and surplus; or
the percent of its capital and surplus, in
excess of 15 percent, that a State bank
or savings association is permitted to
lend under the State lending limit that
is available for residential real estate
loans or unsecured loans in the state
where the main office of the national
bank or savings association is located;
• Small business loans or extensions
of credit to one borrower in the lesser
of the following two amounts: 10
percent of its capital and surplus; or the
percent of its capital and surplus, in
excess of 15 percent, that a State bank
is permitted to lend under the state
lending limit that is available for small
business loans or unsecured loans in the
state where the main office of the
national bank or home office of the
savings association is located; and
• Small farm loans or extensions of
credit to one borrower in the lesser of
the following two amounts: 10 percent
of its capital and surplus; or the percent
of its capital and surplus, in excess of
15 percent, that a State bank or savings
association is permitted to lend under
the State lending limit that is available
for small farm loans or unsecured loans
in the State where the main office of the
national bank or savings association is
located.
An eligible national bank or savings
association must submit an application
to, and receive approval from, its
supervisory office before using the
supplemental lending limits in § 32.7(a).
The supervisory office may approve a
completed application if it finds that
approval is consistent with safety and
soundness. Section 32.7(b) provides that
the application must include:
(1) Certification that the national bank
or savings association is an eligible bank
or eligible savings association;
(2) Citations to relevant State laws or
regulations;
(3) A copy of a written resolution by
a majority of the bank’s or savings
association’s board of directors
approving the use of the limits, and
confirming the terms and conditions for
use of this lending authority; and
(4) A description of how the board
will exercise its continuing
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04APN1
mstockstill on DSK4VPTVN1PROD with NOTICES
Federal Register / Vol. 81, No. 64 / Monday, April 4, 2016 / Notices
responsibility to oversee the use of this
lending authority.
12 CFR 32.9(b) provides national
banks and savings associations with
three alternative methods for calculating
the credit exposure of derivative
transactions other than credit
derivatives (the Internal Model Method,
the Conversion Factor Matrix Method,
and the Remaining Maturity Method)
and two alternative methods for
calculating such exposure for securities
financing transactions. The OCC
provided these models to reduce the
practical burden of such calculations,
particularly for small and mid-size
banks and savings associations.
Under 12 CFR 32.9(b)(1)(i)(C)(1), the
use of a model (other than the model
approved for purposes of the Advanced
Measurement Approach in the capital
rules) must be approved by the OCC
specifically for part 32 purposes and
must be approved in writing. If a
national bank or Federal savings
association proposes to use an internal
model that has been approved by the
OCC for purposes of the Advanced
Measurement Approach, the institution
must provide prior written notification
to the OCC prior to use of the model for
lending limits purposes. OCC approval
also is required before substantive
revisions are made to a model that is
used for lending limits purposes.
Estimated Number of Respondents:
295.
Estimated Annual Burden: 1,958
hours.
All comments will be considered in
formulating the subsequent submission
and 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 services
to provide information.
Dated: March 29, 2016.
Mary Hoyle Gottlieb,
Regulatory Specialist, Legislative and
Regulatory Activities Division.
[FR Doc. 2016–07597 Filed 4–1–16; 8:45 am]
BILLING CODE 4810–33–P
VerDate Sep<11>2014
19:03 Apr 01, 2016
Jkt 238001
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request;
Community and Economic
Development Entities, Community
Development Projects, and Other
Public Welfare Investments
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).
An agency may not conduct or
sponsor, and a 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 information collection
titled, ‘‘Community and Economic
Development Entities, Community
Development Projects, and Other Public
Welfare Investments,’’ under 12 CFR 24
(‘‘Part 24’’).
DATES: Comments must be submitted on
or before June 3, 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:
1557–0194, 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 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 to submit to security
screening in order to inspect and
photocopy comments.
All comments received, including
attachments and other supporting
SUMMARY:
PO 00000
Frm 00178
Fmt 4703
Sfmt 4703
19289
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:
Shaquita Merritt, OCC 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 proposed
collection of information set forth in
this document.
The OCC is proposing to extend the
following information collection:
Title: Community and Economic
Development Entities, Community
Development Projects, and Other Public
Welfare Investments.
OMB Control No.: 1557–0194.
Description: This submission covers
an existing regulation and revisions to
the Part 24, CD–1, National Bank
Community Development Investments
form contained in the regulation,
pursuant to which a national bank may
notify the OCC, or request OCC
approval, of certain community
development investments.
Section 24.5(a) provides that an
eligible national bank may make an
investment without prior notification to,
or approval by, the OCC if the bank
submits an after-the-fact notification of
an investment within 10 days of making
the investment.
Section 24.4(a) provides that a
national bank may submit a written
request or letter to the OCC to exceed
the five percent limit for its aggregate,
outstanding investments. The OCC may
grant permission to the bank to make
subsequent public welfare investments
E:\FR\FM\04APN1.SGM
04APN1
Agencies
[Federal Register Volume 81, Number 64 (Monday, April 4, 2016)]
[Notices]
[Pages 19288-19289]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-07597]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Lending Limits
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 comment on the renewal of an information collection, as
required by the Paperwork Reduction Act of 1995 (PRA).
An agency may not conduct or sponsor, and a 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, ``Lending Limits.''
DATES: Comments must be submitted by June 3, 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: 1557-0221, 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 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., Washington, DC
20219.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520),
Federal agencies must obtain approval from the 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 renewal of the collection of
information set forth in this document.
Title: Lending Limits.
OMB Control No.: 1557-0221 (12 CFR 32.7) (Merging in 1557-0317 (12
CFR 32.7)).
Affected Public: Businesses or other for-profit.
Type of Review: Extension of a currently approved collection.
Abstract: 12 CFR 32.7(a) provides that, in addition to the amount
that a national bank or savings association may lend to one borrower
under 12 CFR 32.3, an eligible national bank or savings association may
make:
Residential real estate loans or extensions of credit to
one borrower in the lesser of the following two amounts: 10 percent of
its capital and surplus; or the percent of its capital and surplus, in
excess of 15 percent, that a State bank or savings association is
permitted to lend under the State lending limit that is available for
residential real estate loans or unsecured loans in the state where the
main office of the national bank or savings association is located;
Small business loans or extensions of credit to one
borrower in the lesser of the following two amounts: 10 percent of its
capital and surplus; or the percent of its capital and surplus, in
excess of 15 percent, that a State bank is permitted to lend under the
state lending limit that is available for small business loans or
unsecured loans in the state where the main office of the national bank
or home office of the savings association is located; and
Small farm loans or extensions of credit to one borrower
in the lesser of the following two amounts: 10 percent of its capital
and surplus; or the percent of its capital and surplus, in excess of 15
percent, that a State bank or savings association is permitted to lend
under the State lending limit that is available for small farm loans or
unsecured loans in the State where the main office of the national bank
or savings association is located.
An eligible national bank or savings association must submit an
application to, and receive approval from, its supervisory office
before using the supplemental lending limits in Sec. 32.7(a). The
supervisory office may approve a completed application if it finds that
approval is consistent with safety and soundness. Section 32.7(b)
provides that the application must include:
(1) Certification that the national bank or savings association is
an eligible bank or eligible savings association;
(2) Citations to relevant State laws or regulations;
(3) A copy of a written resolution by a majority of the bank's or
savings association's board of directors approving the use of the
limits, and confirming the terms and conditions for use of this lending
authority; and
(4) A description of how the board will exercise its continuing
[[Page 19289]]
responsibility to oversee the use of this lending authority.
12 CFR 32.9(b) provides national banks and savings associations
with three alternative methods for calculating the credit exposure of
derivative transactions other than credit derivatives (the Internal
Model Method, the Conversion Factor Matrix Method, and the Remaining
Maturity Method) and two alternative methods for calculating such
exposure for securities financing transactions. The OCC provided these
models to reduce the practical burden of such calculations,
particularly for small and mid-size banks and savings associations.
Under 12 CFR 32.9(b)(1)(i)(C)(1), the use of a model (other than
the model approved for purposes of the Advanced Measurement Approach in
the capital rules) must be approved by the OCC specifically for part 32
purposes and must be approved in writing. If a national bank or Federal
savings association proposes to use an internal model that has been
approved by the OCC for purposes of the Advanced Measurement Approach,
the institution must provide prior written notification to the OCC
prior to use of the model for lending limits purposes. OCC approval
also is required before substantive revisions are made to a model that
is used for lending limits purposes.
Estimated Number of Respondents: 295.
Estimated Annual Burden: 1,958 hours.
All comments will be considered in formulating the subsequent
submission and 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 services to provide information.
Dated: March 29, 2016.
Mary Hoyle Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division.
[FR Doc. 2016-07597 Filed 4-1-16; 8:45 am]
BILLING CODE 4810-33-P