Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Assessment of Fees, 31153-31154 [2017-14002]
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Federal Register / Vol. 82, No. 127 / Wednesday, July 5, 2017 / Notices
Risk Limit Breaches
A covered bank should establish and
adhere to processes that require front
line units and independent risk
management to: (i) Identify breaches of
the risk appetite statement,
concentration risk limits, and front line
unit risk limits; (ii) distinguish breaches
based on the severity of their impact;
(iii) establish protocols for
disseminating information regarding a
breach; (iv) provide a written
description of the breach resolution; and
(v) establish accountability for reporting
and resolving breaches.
Concentration Risk Management
The risk governance framework
should include policies and supporting
processes appropriate for the covered
bank’s size, complexity, and risk profile
for effectively identifying, measuring,
monitoring, and controlling the covered
bank’s concentrations of risk.
sradovich on DSK3GMQ082PROD with NOTICES
Risk Data Aggregation and Reporting
The risk governance framework
should include a set of policies,
supported by appropriate procedures
and processes, designed to provide risk
data aggregation and reporting
capabilities appropriate for the covered
bank’s size, complexity, and risk profile
and to support supervisory reporting
requirements. Collectively, these
policies, procedures, and processes
should provide for: (i) The design,
implementation, and maintenance of a
data architecture and information
technology infrastructure that support
the covered bank’s risk aggregation and
reporting needs during normal times
and during times of stress; (ii) the
capturing and aggregating of risk data
and reporting of material risks,
concentrations, and emerging risks in a
timely manner to the board of directors
and the OCC; and (iii) the distribution
of risk reports to all relevant parties at
a frequency that meets their needs for
decision-making purposes.
Talent and Compensation Management
A covered bank should establish and
adhere to processes for talent
development, recruitment, and
succession planning. The board of
directors or appropriate committee
should review and approve a written
talent management program. A covered
bank should also establish and adhere to
compensation and performance
management programs that comply with
any applicable statute or regulation.
Board of Directors Training and
Evaluation
The board of directors of a covered
bank should establish and adhere to a
VerDate Sep<11>2014
17:57 Jul 03, 2017
Jkt 241001
formal, ongoing training program for all
directors. The board of directors should
also conduct an annual self-assessment.
Type of Review: Regular review.
Affected Public: Businesses or other
for-profit.
Estimated Number of Respondents:
41.
Estimated Burden per Respondent:
3,776 hours.
Estimated Total Annual Burden:
154,816 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 burden of the
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 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 23, 2017.
Karen Solomon,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2017–14000 Filed 7–3–17; 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;
Assessment of Fees
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).
In accordance with the requirements
of the PRA, the OCC may not conduct
SUMMARY:
PO 00000
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Fmt 4703
Sfmt 4703
31153
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 the renewal of its
information collection titled
‘‘Assessment of Fees.’’ The OCC also is
giving notice that it has sent the
collection to OMB for review.
DATES: You should submit written
comments by August 4, 2017.
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:
1557–0223, 400 7th Street SW., Suite
3E–218, 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 governmentissued 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, 1557–0223, 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, 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
that they conduct or sponsor.
‘‘Collection of information’’ is defined
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sradovich on DSK3GMQ082PROD with NOTICES
31154
Federal Register / Vol. 82, No. 127 / Wednesday, July 5, 2017 / Notices
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. The OCC is
requesting that OMB extend its approval
of the following information collection:
Title: Assessment of Fees.
OMB Control No.: 1557–0223.
Affected Public: Business or other forprofit.
Type of Review: Regular review.
Abstract: The OCC is authorized by
the National Bank Act (for national
banks) and the Home Owners Loan Act
(for Federal savings associations) to
collect assessments, fees, and other
charges as necessary or appropriate to
carry out the responsibilities of the
OCC. 12 U.S.C. 482 and 1467(a),
respectively; 12 U.S.C. 16 (for national
banks and Federal savings associations).
OCC regulations require an independent
credit card bank or independent credit
card Federal savings association
(collectively, independent credit card
institutions) to pay an additional
assessment based on receivables
attributable to accounts owned by the
national bank or Federal savings
association. Independent credit card
institutions are national banks or
Federal savings associations that
primarily engage in credit card
operations and are not affiliated with a
full service national bank or Federal
savings association. Under 12 CFR
8.2(c)(2), the OCC also has the authority
to assess an independent credit card
institution that is affiliated with a fullservice national bank or full-service
Federal savings association if the OCC
concludes that the affiliation is intended
to evade 12 CFR part 8.
The OCC requires independent credit
card institutions to provide the OCC
with ‘‘receivables attributable’’ data.
‘‘Receivables attributable’’ refers to the
total amount of outstanding balances
due on credit card accounts owned by
an independent credit card institution
(the receivables attributable to those
accounts) on the last day of an
assessment period, minus receivables
retained on the independent credit card
institution’s balance sheet as of that day.
The OCC will use the information to
verify the accuracy of each independent
credit card institution’s assessment
computation and to adjust the
assessment rate for independent credit
card institutions over time.
Estimated Number of Respondents:
12.
Estimated Total Annual Burden: 24
hours.
The OCC issued a notice for 60 days
of comment on April 4, 2017, 82 FR
VerDate Sep<11>2014
17:57 Jul 03, 2017
Jkt 241001
16473. No comments were received.
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: June 23, 2017.
Karen Solomon,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2017–14002 Filed 7–3–17; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Proposed Collection;
Comment Request; Multiple
Departmental Office Information
Requests
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
The U.S. Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other federal agencies to comment on
the information collections listed below,
as required by the Paperwork Reduction
Act of 1995.
DATES: Written comments must be
received on or before September 5,
2017.
SUMMARY:
Send comments regarding
the burden estimate, or any other aspect
of the information collection, including
suggestions for reducing the burden, to
Treasury PRA Clearance Officer, 1750
Pennsylvania Ave. NW., Suite 8142,
Washington, DC 20220, or email at
PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
obtained from Jennifer Leonard by
emailing PRA@treasury.gov, calling
(202) 622–0489, or viewing the entire
information collection request at
www.reginfo.gov.
ADDRESSES:
PO 00000
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Fmt 4703
Sfmt 4703
SUPPLEMENTARY INFORMATION:
Title: Troubled Asset Relief
Program—Conflicts of Interest.
OMB Control Number: 1505–0209.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: Authorized under the
Emergency Economic Stabilization Act
(EESA) of 2008 (Pub. L. 110–343), as
amended by the American Recovery and
Reinvestment Act (ARRA) of 2009, the
Department of the Treasury has
implemented aspects of the Troubled
Asset Relief Program (TARP) by
codifying section 108 of EESA. Title 31
CFR part 31, TARP Conflict of Interest,
sets forth the process for reviewing and
addressing actual or potential conflicts
of interest among any individuals or
entities seeking or having a contract or
financial agency agreement with the
Treasury for services under EESA. The
information collection required by this
part will be used to evaluate and
minimize real and apparent conflicts of
interest related to contractual or
financial agent agreement services
performed under TARP.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
19.
Estimated Annual Response: 41.
Estimated Total Annual Burden
Hours: 876.
Title: TARP Capital Purchase
Program—Executive Compensation.
OMB Control Number: 1505–0219.
Type of Review: Authorized under the
Emergency Economic Stabilization Act
of 2008 (EESA), Public Law 110–343, as
amended by the American Recovery and
Reinvestment Act of 2009 (ARRA),
Public Law 111–5, the Department of
the Treasury established the Troubled
Asset Relief Program (TARP) to
purchase, and to make and fund
commitments to purchase, troubled
assets from any financial institution on
such terms and conditions determined
by the Secretary. Section 111 of EESA,
as amended by ARRA, provides that
certain entities receiving financial
assistance from Treasury under TARP
will be subject to specified executive
compensation and corporate governance
standards established by the Secretary.
These standards were set forth in the
interim final rule published on June 15,
2009 (74 FR 28394), as corrected on
December 7, 2009 (74 FR 63990) (the
Interim Final Rule). The standards
implemented in the Interim Final Rule
require that TARP recipients submit
certain information pertaining to their
executive compensation and corporate
governance practices.
E:\FR\FM\05JYN1.SGM
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]]>Agencies
[Federal Register Volume 82, Number 127 (Wednesday, July 5, 2017)]
[Notices]
[Pages 31153-31154]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-14002]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Submission for OMB Review; Assessment of Fees
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 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 the renewal of its
information collection titled ``Assessment of Fees.'' The OCC also is
giving notice that it has sent the collection to OMB for review.
DATES: You should submit written comments by August 4, 2017.
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: 1557-0223, 400 7th Street SW., Suite 3E-218, 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.
Additionally, please send a copy of your comments by mail to: OCC
Desk Officer, 1557-0223, 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, 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 that they conduct or sponsor. ``Collection of information''
is defined
[[Page 31154]]
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. The OCC is requesting that OMB
extend its approval of the following information collection:
Title: Assessment of Fees.
OMB Control No.: 1557-0223.
Affected Public: Business or other for-profit.
Type of Review: Regular review.
Abstract: The OCC is authorized by the National Bank Act (for
national banks) and the Home Owners Loan Act (for Federal savings
associations) to collect assessments, fees, and other charges as
necessary or appropriate to carry out the responsibilities of the OCC.
12 U.S.C. 482 and 1467(a), respectively; 12 U.S.C. 16 (for national
banks and Federal savings associations). OCC regulations require an
independent credit card bank or independent credit card Federal savings
association (collectively, independent credit card institutions) to pay
an additional assessment based on receivables attributable to accounts
owned by the national bank or Federal savings association. Independent
credit card institutions are national banks or Federal savings
associations that primarily engage in credit card operations and are
not affiliated with a full service national bank or Federal savings
association. Under 12 CFR 8.2(c)(2), the OCC also has the authority to
assess an independent credit card institution that is affiliated with a
full-service national bank or full-service Federal savings association
if the OCC concludes that the affiliation is intended to evade 12 CFR
part 8.
The OCC requires independent credit card institutions to provide
the OCC with ``receivables attributable'' data. ``Receivables
attributable'' refers to the total amount of outstanding balances due
on credit card accounts owned by an independent credit card institution
(the receivables attributable to those accounts) on the last day of an
assessment period, minus receivables retained on the independent credit
card institution's balance sheet as of that day. The OCC will use the
information to verify the accuracy of each independent credit card
institution's assessment computation and to adjust the assessment rate
for independent credit card institutions over time.
Estimated Number of Respondents: 12.
Estimated Total Annual Burden: 24 hours.
The OCC issued a notice for 60 days of comment on April 4, 2017, 82
FR 16473. No comments were received. 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: June 23, 2017.
Karen Solomon,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2017-14002 Filed 7-3-17; 8:45 am]
BILLING CODE 4810-33-P
