Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Disclosure and Reporting of CRA-Related Agreements, 48499-48500 [2016-17488]
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Federal Register / Vol. 81, No. 142 / Monday, July 25, 2016 / Notices
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, at (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: The OCC
is seeking approval for a proposed new
information collection:
Title of Collection: Reduction of
Permanent Capital Notice.
OMB Control No.: 1557–NEW.
Type of Review: New collection.
Affected Public: Businesses or other
for-profit.
Estimated Number of Respondents: 2.
Estimated Frequency of Response: On
occasion.
Estimated Total Burden: 40 minutes.
Description: Under 12 CFR 5.55, the
OCC will review the information
submitted by a Federal savings
association in its application or notice
requesting approval to issue a capital
distribution to determine whether the
Federal savings association’s request is
in accordance with existing statutory
and regulatory criteria. In addition, the
information provides the OCC with a
mechanism for monitoring reductions in
capital since these distributions may
place the Federal savings association at
risk.
On April 26, 2016, the OCC issued a
60-day notice soliciting comment on
this proposed information collection, 81
FR 24690. 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.
Dated: July 19, 2016.
Karen Solomon,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
DEPARTMENT OF THE TREASURY
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Office of the Comptroller of the
Currency
[Docket ID OCC–2016–0019]
Minority Depository Institutions
Advisory Committee
Office of the Comptroller of the
Currency, Department of the Treasury.
ACTION: Notice.
AGENCY:
The Comptroller of the
Currency has determined that the
renewal of the charter of the OCC
Minority Depository Institutions
Advisory Committee (MDIAC) is
necessary and in the public interest to
provide advice and information about
the current circumstances and future
development of minority depository
institutions, in accordance with the
goals established by section 308 of the
Financial Institutions Reform, Recovery,
and Enforcement Act of 1989 (FIRREA),
Pub. L. 101–73, Title III, 103 Stat. 353,
12 U.S.C. 1463 note.
DATES: The charter of the OCC MDIAC
is renewed for a two-year period that
began on June 28, 2016.
FOR FURTHER INFORMATION CONTACT:
Beverly F. Cole, Deputy Comptroller for
Compliance Supervision and Designated
Federal Officer, (202) 649–5420, Office
of the Comptroller of the Currency, 400
7th Street SW., Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Notice of
the renewal of the MDIAC charter is
hereby given under section 10(a)(2) of
the Federal Advisory Committee Act, 5
U.S.C. App. (1988), and with the
approval of the Secretary of the
Treasury. The Comptroller of the
Currency has determined that the
renewal of the MDIAC charter is
necessary and in the public interest to
provide advice and information about
the current circumstances and future
development of minority depository
institutions, in accordance with the
goals established by section 308 of
FIRREA. The goals of section 308 are to
preserve the present number of minority
depository institutions, preserve the
minority character of minority
depository institutions in cases
involving mergers or acquisitions,
provide technical assistance, and
encourage the creation of new minority
depository institutions.
SUMMARY:
Dated: July 19, 2016.
Thomas J. Curry,
Comptroller of the Currency.
[FR Doc. 2016–17490 Filed 7–22–16; 8:45 am]
[FR Doc. 2016–17489 Filed 7–22–16; 8:45 am]
BILLING CODE 4810–33–P
BILLING CODE 4810–33–P
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Agency Information Collection
Activities: Information Collection
Renewal; Submission for OMB Review;
Disclosure and Reporting of CRARelated Agreements
Office of the Comptroller of the
Currency, Treasury.
ACTION: Notice and request for
comment.
AGENCY:
The Office of the Comptroller
of the Currency (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 OMB control number.
The OCC is soliciting comment
concerning the renewal of its
information collection titled,
‘‘Disclosure and Reporting of CRARelated Agreements.’’ The OCC also is
giving notice that it has sent the
collection to OMB for review.
DATES: Comments must be received by
August 24, 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:
1557–0219, 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
SUMMARY:
E:\FR\FM\25JYN1.SGM
25JYN1
mstockstill on DSK3G9T082PROD with NOTICES
48500
Federal Register / Vol. 81, No. 142 / Monday, July 25, 2016 / Notices
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, 1557–0219, 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 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,
Washington, DC 20219.
SUPPLEMENTARY INFORMATION: The OCC
is proposing to extend, without change,
OMB approval of the following
information collection:
Title: Disclosure and Reporting of
CRA-Related Agreements.
OMB Control No.: 1557–0219.
Description: National banks, Federal
savings associations, and their affiliates
(institutions) occasionally enter into
agreements with nongovernmental
entities or persons (NGEPs) that are
related to their Community
Reinvestment Act (CRA)
responsibilities. Section 48 of the
Federal Deposit Insurance Act (FDI
Act) 1 requires disclosure of certain of
these agreements and imposes reporting
requirements on institutions and other
insured depository institutions (IDIs),
their affiliates, and NGEPs. As
mandated by the FDI Act, the OCC, the
Federal Deposit Insurance Corporation,
and the Federal Reserve Board issued
regulations to implement these
disclosure and reporting requirements.
The disclosure and reporting provisions
of these regulations constitute
collections of information under the
PRA. The regulation issued by the OCC
is codified at 12 CFR part 35, and the
collections of information contained in
that regulation are known as ‘‘CRA
Sunshine.’’
Section 48 of the FDI Act applies to
written agreements that: (1) Are made in
fulfillment of the CRA; (2) involve funds
or other resources of an IDI or affiliate
with an aggregate value of more than
$10,000 in a year or loans with an
aggregate principal value of more than
$50,000 in a year; and (3) are entered
into by an IDI or affiliate of an IDI and
an NGEP.2
The parties to a covered agreement
must make the agreement available to
1 12
2 12
the public and the appropriate agency.3
The parties also must file a report
annually with the appropriate agency
concerning the disbursement, receipt,
and use of funds or other resources
under the agreement.4 The collections of
information in CRA Sunshine
implement these statutorily mandated
disclosure and reporting requirements.
The parties to the agreement may
request confidential treatment of
proprietary and confidential
information in an agreement or annual
report.5
The information collections are found
in 12 CFR 35.4(b); 35.6(b)–(d); and
35.7(b) and (f).
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals;
Businesses or other for-profit.
Estimated Number of Respondents:
14.
Estimated Total Annual Burden:
1,026.
Comments: On March 9, 2016, the
OCC issued a 60-day notice soliciting
comment on this information collection,
81 FR 12565. The OCC received one
comment from an individual.
The commenter stated that the
collection is necessary and has practical
utility. The commenter suggested that
the OCC amend 12 CFR 35.6 to require
that national banks and Federal savings
associations publish covered agreements
on their Web sites and that the OCC post
them on its Web site as well. The CRA
Sunshine statute set forth in section 48
of the FDI Act requires that the Federal
banking agencies’ CRA Sunshine
regulations protect proprietary and
confidential information of parties.6 In
order to comply with that statutory
requirement, the OCC will make
covered agreements and annual reports
available to the public in accordance
with the Freedom of Information Act
(FOIA) 7 and the OCC’s rules regarding
the availability of information under the
FOIA.8
The commenter believed that the
burden estimates may be low as
institutions may not be aware of the
filing requirements in § 35.6(d). The
commenter requested that the OCC
discuss how the estimates were derived
and whether the possibility of
underreporting was factored into the
estimates. The estimates were obtained
by counting the number of actual filings
received. Failure to report due to a lack
U.S.C. 1831y.
U.S.C. 1831y(e).
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18:27 Jul 22, 2016
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3 12
U.S.C. 1831y(a).
U.S.C. 1831y(b)–(c).
5 12 CFR 35.8; see 12 U.S.C. 1831y(h)(2)(A).
6 12 U.S.C. 1831y(h)(2)(A).
7 5 U.S.C. 552 et seq.
8 12 CFR part 4, subpart b; see 12 CFR 35.8.
4 12
Frm 00126
Fmt 4703
Sfmt 4703
of awareness of the filing requirements
in § 35.6 was not considered as this is
not within the scope of the PRA.
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
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: July 19, 2016.
Karen Solomon,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2016–17488 Filed 7–22–16; 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; Submission for OMB Review;
Interagency Guidance on Asset
Securitization Activities
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 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, ‘‘Interagency Guidance
on Asset Securitization Activities.’’ The
OCC also is giving notice that it has sent
the collection to OMB for review.
SUMMARY:
E:\FR\FM\25JYN1.SGM
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]]>Agencies
[Federal Register Volume 81, Number 142 (Monday, July 25, 2016)]
[Notices]
[Pages 48499-48500]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-17488]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Submission for OMB Review; Disclosure and Reporting of CRA-
Related Agreements
AGENCY: Office of the Comptroller of the Currency, Treasury.
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The Office of the Comptroller of the Currency (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 OMB control number.
The OCC is soliciting comment concerning the renewal of its
information collection titled, ``Disclosure and Reporting of CRA-
Related Agreements.'' The OCC also is giving notice that it has sent
the collection to OMB for review.
DATES: Comments must be received by August 24, 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: 1557-0219, 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
[[Page 48500]]
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, 1557-0219, 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 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, Washington, DC
20219.
SUPPLEMENTARY INFORMATION: The OCC is proposing to extend, without
change, OMB approval of the following information collection:
Title: Disclosure and Reporting of CRA-Related Agreements.
OMB Control No.: 1557-0219.
Description: National banks, Federal savings associations, and
their affiliates (institutions) occasionally enter into agreements with
nongovernmental entities or persons (NGEPs) that are related to their
Community Reinvestment Act (CRA) responsibilities. Section 48 of the
Federal Deposit Insurance Act (FDI Act) \1\ requires disclosure of
certain of these agreements and imposes reporting requirements on
institutions and other insured depository institutions (IDIs), their
affiliates, and NGEPs. As mandated by the FDI Act, the OCC, the Federal
Deposit Insurance Corporation, and the Federal Reserve Board issued
regulations to implement these disclosure and reporting requirements.
The disclosure and reporting provisions of these regulations constitute
collections of information under the PRA. The regulation issued by the
OCC is codified at 12 CFR part 35, and the collections of information
contained in that regulation are known as ``CRA Sunshine.''
---------------------------------------------------------------------------
\1\ 12 U.S.C. 1831y.
---------------------------------------------------------------------------
Section 48 of the FDI Act applies to written agreements that: (1)
Are made in fulfillment of the CRA; (2) involve funds or other
resources of an IDI or affiliate with an aggregate value of more than
$10,000 in a year or loans with an aggregate principal value of more
than $50,000 in a year; and (3) are entered into by an IDI or affiliate
of an IDI and an NGEP.\2\
---------------------------------------------------------------------------
\2\ 12 U.S.C. 1831y(e).
---------------------------------------------------------------------------
The parties to a covered agreement must make the agreement
available to the public and the appropriate agency.\3\ The parties also
must file a report annually with the appropriate agency concerning the
disbursement, receipt, and use of funds or other resources under the
agreement.\4\ The collections of information in CRA Sunshine implement
these statutorily mandated disclosure and reporting requirements. The
parties to the agreement may request confidential treatment of
proprietary and confidential information in an agreement or annual
report.\5\
---------------------------------------------------------------------------
\3\ 12 U.S.C. 1831y(a).
\4\ 12 U.S.C. 1831y(b)-(c).
\5\ 12 CFR 35.8; see 12 U.S.C. 1831y(h)(2)(A).
---------------------------------------------------------------------------
The information collections are found in 12 CFR 35.4(b); 35.6(b)-
(d); and 35.7(b) and (f).
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals; Businesses or other for-profit.
Estimated Number of Respondents: 14.
Estimated Total Annual Burden: 1,026.
Comments: On March 9, 2016, the OCC issued a 60-day notice
soliciting comment on this information collection, 81 FR 12565. The OCC
received one comment from an individual.
The commenter stated that the collection is necessary and has
practical utility. The commenter suggested that the OCC amend 12 CFR
35.6 to require that national banks and Federal savings associations
publish covered agreements on their Web sites and that the OCC post
them on its Web site as well. The CRA Sunshine statute set forth in
section 48 of the FDI Act requires that the Federal banking agencies'
CRA Sunshine regulations protect proprietary and confidential
information of parties.\6\ In order to comply with that statutory
requirement, the OCC will make covered agreements and annual reports
available to the public in accordance with the Freedom of Information
Act (FOIA) \7\ and the OCC's rules regarding the availability of
information under the FOIA.\8\
---------------------------------------------------------------------------
\6\ 12 U.S.C. 1831y(h)(2)(A).
\7\ 5 U.S.C. 552 et seq.
\8\ 12 CFR part 4, subpart b; see 12 CFR 35.8.
---------------------------------------------------------------------------
The commenter believed that the burden estimates may be low as
institutions may not be aware of the filing requirements in Sec.
35.6(d). The commenter requested that the OCC discuss how the estimates
were derived and whether the possibility of underreporting was factored
into the estimates. The estimates were obtained by counting the number
of actual filings received. Failure to report due to a lack of
awareness of the filing requirements in Sec. 35.6 was not considered
as this is not within the scope of the PRA.
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 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: July 19, 2016.
Karen Solomon,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2016-17488 Filed 7-22-16; 8:45 am]
BILLING CODE 4810-33-P
