Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Bank Activities and Operations; Investment in Bank Premises, 4955-4956 [2018-02057]

Download as PDF Federal Register / Vol. 83, No. 23 / Friday, February 2, 2018 / Notices three business day comment period, or at the request of a grantee or subgrantee upon denial of a request for relief. FTA shall notify the grantee or subgrantee if it plans to reconsider a decision. FTA decision letters, either granting or denying a petition, shall be posted in the Emergency Relief Docket and shall reference the document number of the petition to which it relates. Issued in Washington, DC. K. Jane Williams, Deputy Administrator. [FR Doc. 2018–02083 Filed 2–1–18; 8:45 am] BILLING CODE P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; 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.’’ The OCC also is giving notice that it has sent the collection to OMB review. DATES: You should submit written comments by March 5, 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) sradovich on DSK3GMQ082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:03 Feb 01, 2018 Jkt 244001 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. Additionally, please send a copy of your comments by mail to: OCC Desk Officer, 1557–0204, U.S. Office of Management and Budget, 725 17th Street NW, #10235, Washington, DC 20503 or by email to oirasubmission@ omb.eop.gov. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance Officer, (202) 649–5490, 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, suite 3E–218, 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. The OCC requests that OMB extend its approval of this collection. 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 PO 00000 Frm 00062 Fmt 4703 Sfmt 4703 4955 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 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 7.1014 (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 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: 561 hours. Frequency of Response: On occasion. E:\FR\FM\02FEN1.SGM 02FEN1 4956 Federal Register / Vol. 83, No. 23 / Friday, February 2, 2018 / Notices The OCC issued a notice for 60 days comment regarding this collection on November 21, 2017, 82 FR 55486. 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 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: January 29, 2018. Karen Solomon, Acting Senior Deputy Comptroller and Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2018–02057 Filed 2–1–18; 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; Comment Request; International Regulation 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 ‘‘International Regulation.’’ DATES: Comments must be received by April 3, 2018. sradovich on DSK3GMQ082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:03 Feb 01, 2018 Jkt 244001 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: 1557–0102, 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, suite 3E–218, 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: International Regulation—Part 28. ADDRESSES: PO 00000 Frm 00063 Fmt 4703 Sfmt 4703 OMB Control No.: 1557–0102. Description: This submission covers an existing regulation and involves no change to the regulation or to the information collection requirements. The OCC requests only that OMB extend its approval of the information collection. 12 CFR 28.3 Filing Requirements for Foreign Operations of a National Bank—Notice Requirement A national bank shall notify the OCC when it files an application, notice, or report with the FRB 1 to establish or open a foreign branch, or acquire or divest of an interest in, or close, an Edge corporation, Agreement corporation, foreign bank, or other foreign organization; or opens a foreign branch, and no application or notice is required by the FRB for such transaction. In practice, the OCC also has required an application pursuant to § 28.3(c) from a national bank seeking to join a foreign exchange, clearinghouse, or similar type of organization. In lieu of a notice, the OCC may accept a copy of an application, notice, or report submitted to another federal agency that covers the proposed action and contains substantially the same information required by the OCC. A national bank shall furnish the OCC with any additional information the OCC may require in connection with the national bank’s foreign operations. 12 CFR 28.14(c) Limitations Based upon Capital of a Foreign Bank—Aggregation A foreign bank shall aggregate business transacted by all federal branches and agencies with the business transacted by all state branches and agencies controlled by the foreign bank in determining its compliance with limitations based upon the capital of the foreign bank. A foreign bank shall designate one federal branch or agency office in the United States to maintain consolidated information so that the OCC can monitor compliance. 12 CFR 28.15(d), (d)(1), (d)(2), and (f) Capital Equivalency Deposits A foreign bank should require its depository bank to segregate its capital equivalency deposits on the depository bank’s books and records. The instruments making up the capital equivalency deposit that are placed in safekeeping at a depository bank to satisfy a foreign bank’s capital equivalency deposit requirement must be maintained pursuant to an agreement prescribed by the OCC that shall be a 1 Board of Governors of the Federal Reserve System. E:\FR\FM\02FEN1.SGM 02FEN1

Agencies

[Federal Register Volume 83, Number 23 (Friday, February 2, 2018)]
[Notices]
[Pages 4955-4956]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-02057]


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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; 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.'' The OCC also is giving notice that it 
has sent the collection to OMB review.

DATES: You should submit written comments by March 5, 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 [email protected]. 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.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-0204, U.S. Office of Management and Budget, 725 17th 
Street NW, #10235, Washington, DC 20503 or by email to 
[email protected].

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance 
Officer, (202) 649-5490, 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, suite 3E-
218, 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. The OCC requests 
that OMB extend its approval of this collection.
    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 7.1014 (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 
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: 561 hours.
    Frequency of Response: On occasion.

[[Page 4956]]

    The OCC issued a notice for 60 days comment regarding this 
collection on November 21, 2017, 82 FR 55486. 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 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: January 29, 2018.
Karen Solomon,
Acting Senior Deputy Comptroller and Chief Counsel, Office of the 
Comptroller of the Currency.
[FR Doc. 2018-02057 Filed 2-1-18; 8:45 am]
 BILLING CODE 4810-33-P

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