Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Assessment of Fees, 31153-31154 [2017-14002]

Download as PDF 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 Frm 00115 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 E:\FR\FM\05JYN1.SGM 05JYN1 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 Frm 00116 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 05JYN1

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]


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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; Assessment of Fees

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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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