Agency Information Collection Activities: Information Collection Renewal; Comment Request; Bank Activities and Operations; Investment in Bank Premises, 55486-55487 [2017-25185]
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Federal Register / Vol. 82, No. 223 / Tuesday, November 21, 2017 / Notices
introduction into interstate commerce of
the noncompliant vehicles under their
control after BMW notified them that
the subject noncompliance existed.
Authority: (49 U.S.C. 30118, 30120:
delegations of authority at 49 CFR 1.95 and
501.8)
Jeffrey M. Giuseppe,
Associate Administrator for Enforcement.
[FR Doc. 2017–25168 Filed 11–20–17; 8:45 am]
BILLING CODE 4910–59–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request; Bank
Activities and Operations; Investment
in Bank Premises
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
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, ‘‘Bank
Activities and Operations; Investment in
Bank Premises.’’
DATES: You should submit written
comments by January 22, 2018.
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:
1557–0204, 400 7th Street SW., Suite
3E–218, Washington, DC 20219. In
addition, comments may be sent by fax
to (571) 465–4326 or by email 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
asabaliauskas on DSKBBXCHB2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
18:56 Nov 20, 2017
Jkt 244001
comments. You may do so by calling
(202) 649–6700 or, for persons who are
deaf or hearing impaired, 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.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, OCC Clearance
Officer, (202) 649–5490, 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
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 title 44 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.
Title: Bank Activities and Operations;
Investment in Bank Premises.
OMB Control No.: 1557–0204.
Description: The information
collection requirements ensure that
institutions conduct their operations in
a safe and sound manner and in
accordance with applicable federal
banking statutes and regulations. The
information is necessary for regulatory
and examination purposes.
The information collection
requirements are as follows:
• 12 CFR 5.37 (Investment in national
bank or federal savings association
premises). A national bank or federal
savings association may invest in
banking premises and other premisesrelated investments, loans, or
indebtedness by filing an application for
prior approval whenever its investment
in bank premises will cause it to exceed
its capital stock. The application must
describe the present and proposed
investment and the business reason for
PO 00000
Frm 00143
Fmt 4703
Sfmt 4703
exceeding the limit. A bank with a
composite 1 or 2 CAMELS rating
entering a transaction that increases its
aggregate bank premises investment to
not more than 150 percent of its capital
and surplus may proceed without prior
OCC approval, but must provide an
after-the-fact notice.
• 12 CFR 7.1000(d)(1) (National bank
ownership of property—Lease financing
of public facilities). National bank lease
agreements must provide that the lessee
will become the owner of the building
or facility upon the expiration of the
lease.
• 12 CFR 7.1014 (Sale of money
orders at nonbanking outlets). A
national bank may designate bonded
agents to sell the bank’s money orders
at nonbanking outlets. The
responsibility of both the bank and its
agent should be defined in a written
agreement setting forth the duties of
both parties and providing for
remuneration of the agent.
• 12 CFR 7.2000(b) (Corporate
governance procedures—Other sources
of guidance). A national bank shall
designate in its bylaws the body of law
selected for its corporate governance
procedures.
• 12 CFR 7.2004 (Honorary directors
or advisory boards). Any listing of a
national bank’s honorary or advisory
directors must distinguish between
those directors and the bank’s board of
directors or indicate their advisory
status.
• 12 CFR 7.2014(b) (Indemnification
of institution-affiliated parties—
Administrative proceeding or civil
actions not initiated by a federal
agency). A national bank shall designate
in its bylaws the body of law selected
for making indemnification payments.
• 12 CFR 7.2024(a) (Staggered terms
for national bank directors). Any
national bank may adopt bylaws that
provide for the staggering the terms of
its directors. National banks shall
provide the OCC with copies of any
bylaws so amended.
• 12 CFR 7.2024(c) (Size of bank
board). A national bank seeking to
increase the number of its directors
must notify the OCC any time the
proposed size would exceed 25
directors.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit.
Estimated Number of Respondents:
1,294.
Estimated Total Annual Burden: 611
hours.
Frequency of Response: On occasion.
Comments submitted in response to
this notice will be summarized and
E:\FR\FM\21NON1.SGM
21NON1
Federal Register / Vol. 82, No. 223 / Tuesday, November 21, 2017 / Notices
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 collection
of information;
(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: November 13, 2017.
Karen Solomon,
Acting Senior Deputy Comptroller and Chief
Counsel, Office of the Comptroller of the
Currency.
[FR Doc. 2017–25185 Filed 11–20–17; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Comptroller of the Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request;
Investment Securities
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
or sponsor, and respondents are 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,
‘‘Investment Securities.’’
DATES: You should submit written
comments by January 22, 2018.
ADDRESSES: Because paper mail in the
Washington, DC area and at the OCC is
asabaliauskas on DSKBBXCHB2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
18:56 Nov 20, 2017
Jkt 244001
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:
1557–0205, 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 hearing impaired, 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.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, OCC Clearance
Officer, (202) 649–5490 or, for persons
who are deaf or hearing impaired, 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
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 title 44 requires federal
agencies to provide a 60-day notice in
the Federal Register concerning each
proposed collection of information,
including each renewal 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: Investment Securities.
OMB Control No.: 1557–0205.
Description: Under 12 CFR 1.3(h)(2), a
national bank may request an OCC
determination that it may invest in an
PO 00000
Frm 00144
Fmt 4703
Sfmt 4703
55487
entity that is exempt from registration
under section 3(c)(1) of the Investment
Company Act of 1940 1 if the portfolio
of the entity consists exclusively of
assets that a national bank may
purchase and sell for its own account.
The OCC uses the information
contained in the request as a basis for
ensuring that the bank’s investment is
consistent with its investment authority
under applicable law and does not pose
unacceptable risk.
Under 12 CFR 1.7(b), a national bank
may request OCC approval to extend the
five-year holding period for securities
held in satisfaction of debts previously
contracted for up to an additional five
years. In its request, the bank must
provide a clearly convincing
demonstration of why any additional
holding period is needed. The OCC uses
the information in the request to ensure,
on a case-by-case basis, that the bank’s
purpose in retaining the securities is not
speculative and that the bank’s reasons
for requesting the extension are
adequate. The OCC also uses the
information to evaluate the risks to the
bank of extending the holding period,
including potential effects on the bank’s
safety and soundness.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit.
Estimated Number of Respondents:
25.
Estimated Total Annual Burden: 460
hours.
Frequency of Response: On occasion.
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 collection
of information;
(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.
1 15
U.S.C. 80a–3(c)(1).
E:\FR\FM\21NON1.SGM
21NON1
]]>Agencies
[Federal Register Volume 82, Number 223 (Tuesday, November 21, 2017)]
[Notices]
[Pages 55486-55487]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-25185]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Bank Activities and Operations; Investment in
Bank Premises
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, ``Bank Activities and Operations;
Investment in Bank Premises.''
DATES: You should submit written comments by January 22, 2018.
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: 1557-0204, 400 7th Street SW., Suite 3E-218, Washington, DC
20219. In addition, comments may be sent by fax to (571) 465-4326 or by
email 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 hearing impaired, 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, OCC Clearance
Officer, (202) 649-5490, 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 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 title 44 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.
Title: Bank Activities and Operations; Investment in Bank Premises.
OMB Control No.: 1557-0204.
Description: The information collection requirements ensure that
institutions conduct their operations in a safe and sound manner and in
accordance with applicable federal banking statutes and regulations.
The information is necessary for regulatory and examination purposes.
The information collection requirements are as follows:
12 CFR 5.37 (Investment in national bank or federal
savings association premises). A national bank or federal savings
association may invest in banking premises and other premises-related
investments, loans, or indebtedness by filing an application for prior
approval whenever its investment in bank premises will cause it to
exceed its capital stock. The application must describe the present and
proposed investment and the business reason for exceeding the limit. A
bank with a composite 1 or 2 CAMELS rating entering a transaction that
increases its aggregate bank premises investment to not more than 150
percent of its capital and surplus may proceed without prior OCC
approval, but must provide an after-the-fact notice.
12 CFR 7.1000(d)(1) (National bank ownership of property--
Lease financing of public facilities). National bank lease agreements
must provide that the lessee will become the owner of the building or
facility upon the expiration of the lease.
12 CFR 7.1014 (Sale of money orders at nonbanking
outlets). A national bank may designate bonded agents to sell the
bank's money orders at nonbanking outlets. The responsibility of both
the bank and its agent should be defined in a written agreement setting
forth the duties of both parties and providing for remuneration of the
agent.
12 CFR 7.2000(b) (Corporate governance procedures--Other
sources of guidance). A national bank shall designate in its bylaws the
body of law selected for its corporate governance procedures.
12 CFR 7.2004 (Honorary directors or advisory boards). Any
listing of a national bank's honorary or advisory directors must
distinguish between those directors and the bank's board of directors
or indicate their advisory status.
12 CFR 7.2014(b) (Indemnification of institution-
affiliated parties--Administrative proceeding or civil actions not
initiated by a federal agency). A national bank shall designate in its
bylaws the body of law selected for making indemnification payments.
12 CFR 7.2024(a) (Staggered terms for national bank
directors). Any national bank may adopt bylaws that provide for the
staggering the terms of its directors. National banks shall provide the
OCC with copies of any bylaws so amended.
12 CFR 7.2024(c) (Size of bank board). A national bank
seeking to increase the number of its directors must notify the OCC any
time the proposed size would exceed 25 directors.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 1,294.
Estimated Total Annual Burden: 611 hours.
Frequency of Response: On occasion.
Comments submitted in response to this notice will be summarized
and
[[Page 55487]]
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
collection of information;
(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: November 13, 2017.
Karen Solomon,
Acting Senior Deputy Comptroller and Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2017-25185 Filed 11-20-17; 8:45 am]
BILLING CODE 4810-33-P
