Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Disclosure and Reporting of CRA-Related Agreements, 48499-48500 [2016-17488]

Download as PDF mstockstill on DSK3G9T082PROD with NOTICES 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 VerDate Sep<11>2014 18:27 Jul 22, 2016 Jkt 238001 48499 PO 00000 Frm 00125 Fmt 4703 Sfmt 4703 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). VerDate Sep<11>2014 18:27 Jul 22, 2016 Jkt 238001 PO 00000 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 25JYN1

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]


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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.

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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.''
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    \1\ 12 U.S.C. 1831y.
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    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\
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    \2\ 12 U.S.C. 1831y(e).
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    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\
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    \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).
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    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\
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    \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.
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    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