Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; International Regulation, 24591-24592 [2018-11428]
Download as PDF
<![CDATA[
Federal Register / Vol. 83, No. 103 / Tuesday, May 29, 2018 / Notices
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Submission for OMB Review;
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.’’ The OCC
also is giving notice that it has sent the
collection to OMB for review.
DATES: Comments must be received by
June 28, 2018.
ADDRESSES: Commenters are encouraged
to submit comments by email, if
possible. You may submit comments by
any of the following methods:
• Email: prainfo@occ.treas.gov.
• Mail: 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.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
• Fax: (571) 465–4326.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0102’’ in your comment. In general, the
OCC will publish them on
www.reginfo.gov without change,
including any business or personal
information that you provide, such as
name and address information, email
addresses, or phone numbers.
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.
daltland on DSKBBV9HB2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
16:39 May 25, 2018
Jkt 244001
Additionally, please send a copy of
your comments by mail to: OCC Desk
Officer, 1557–0102, U.S. Office of
Management and Budget, 725 17th
Street NW, #10235, Washington, DC
20503 or by email to oira_submission@
omb.eop.gov.
You may review comments and other
related materials that pertain to this
information collection 1 following the
close of the 30-day comment period for
this notice by any of the following
methods:
• Viewing Comments Electronically:
Go to www.reginfo.gov. Click on the
‘‘Information Collection Review’’ tab.
Underneath the ‘‘Currently under
Review’’ section heading, from the dropdown menu, select ‘‘Department of
Treasury’’ and then click ‘‘submit’’. This
information collection can be located by
searching by OMB control number
‘‘1557–0102’’ or ‘‘International
Regulation’’. Upon finding the
appropriate information collection, click
on the related ‘‘ICR Reference Number’’.
On the next screen, select ‘‘View
Supporting Statement and Other
Documents’’ and then click on the link
to any comment listed at the bottom of
the screen.
• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
• Viewing Comments Personally: You
may personally inspect comments at the
OCC, 400 7th Street SW, Washington,
DC. 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 comments.
FOR FURTHER INFORMATION CONTACT: 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
1 On February 2, 2018, the OCC published a 60day notice for this information collection.
PO 00000
Frm 00135
Fmt 4703
Sfmt 4703
24591
information to a third party. The OCC
asks OMB to extend its approval of the
following collection.
Title: International Regulation.
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 2 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
2 Board of Governors of the Federal Reserve
System.
E:\FR\FM\29MYN1.SGM
29MYN1
24592
Federal Register / Vol. 83, No. 103 / Tuesday, May 29, 2018 / Notices
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
written agreement entered into with the
OCC. Each federal branch or agency
shall maintain a capital equivalency
account and keep records of the amount
of liabilities requiring capital
equivalency coverage in a manner and
form prescribed by the OCC. A foreign
bank’s capital equivalency deposits may
not be reduced in value below the
minimum required for that branch or
agency without the prior approval of the
OCC, but in no event may the value fall
below the statutory minimum.
12 CFR 28.16(c) Deposit-Taking by an
Uninsured Federal Branch—
Application for an Exemption
A foreign bank may apply to the OCC
for an exemption to permit an
uninsured federal branch to accept or
maintain deposit accounts that are not
listed in § 28.16(b). The request should
describe the types, sources, and
estimated amount of such deposits and
explain why the OCC should grant an
exemption, and how the exemption
maintains and furthers the policies
described in § 28.16(a).
12 CFR 28.16(d) Deposit-Taking by an
Uninsured Federal Branch—
Aggregation of Deposits
A foreign bank that has more than one
federal branch in the same state may
aggregate deposits in all of its federal
branches in that state, but exclude
deposits of other branches, agencies, or
wholly owned subsidiaries of the bank.
The federal branch shall compute the
average amount by using the sum of
deposits as of the close of business of
the last 30 calendar days ending with,
and including, the last day of the
calendar quarter, divided by 30. The
federal branch shall maintain records of
the calculation until its next
examination by the OCC.
daltland on DSKBBV9HB2PROD with NOTICES
12 CFR 28.18(c)(1) Recordkeeping and
Reporting—Maintenance of Accounts,
Books, and Records
Each federal branch or agency shall
maintain a set of accounts and records
reflecting its transactions that are
separate from those of the foreign bank
and any other branch or agency. The
federal branch or agency shall keep a set
of accounts and records in English
sufficient to permit the OCC to examine
the condition of the federal branch or
agency and its compliance with
applicable laws and regulations.
VerDate Sep<11>2014
16:39 May 25, 2018
Jkt 244001
12 CFR 28.20(a)(1) Maintenance of
Assets—General Rule
The OCC may require a foreign bank
to hold certain assets in the state in
which its federal branch or agency is
located.
12 CFR 28.22(e) Reports of Examination
The federal branch or agency shall
send the OCC certification that all of its
Reports of Examination have been
destroyed or return its Reports of
Examination to the OCC.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit.
Estimated Number of Respondents:
52.
Estimated Total Annual Burden:
2,286.
Frequency of Response: On occasion.
The OCC issued a notice for 60 days
of comment on February 2, 2018, 83 FR
4956. 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: May 22, 2018.
Karen Solomon,
Acting Senior Deputy Comptroller and Chief
Counsel.
[FR Doc. 2018–11428 Filed 5–25–18; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Repayment of a
Buyout Prior to Re-employment With
the Federal Government
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service,
as part of its continuing effort to reduce
SUMMARY:
PO 00000
Frm 00136
Fmt 4703
Sfmt 4703
paperwork and respondent burden,
invites the public and other Federal
agencies to take this opportunity to
comment on proposed and/or
continuing information collections, as
required by the Paperwork Reduction
Act of 1995. Currently, the IRS is
soliciting comments concerning a notice
regarding repayment of a buyout prior to
re-employment with the Federal
Government.
Written comments should be
received on or before July 30, 2018 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Roberto Mora-Figueroa, Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW, Washington,
DC 20224. Requests for additional
information or copies of the regulations
should be directed to R. Joseph Durbala,
at Internal Revenue Service, Room 6129,
1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet, at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Repayment of a buyout prior to
re-employment with the Federal
Government.
OMB Number: 1545–1920.
Form Number: 12311.
Abstract: This form requests
applicants to certify if they ever worked
for the Federal Government and if they
received a Buyout within the last 5
years. This is to ensure that applicants
who meet the criteria are counseled that
they are required to pay back the entire
Buyout prior to entering on duty with
the IRS.
Current Actions: There is no change to
the burden previously approved.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households and Federal Government.
Estimated Number of Respondents:
6,624.
Estimated Time Per Respondent: 4.8
mins.
Estimated Total Annual Burden
Hours: 530.
The following paragraph applies to all
the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a
collection of information must be
retained if their contents may become
material in the administration of any
internal revenue law. Generally, tax
returns and tax return information are
confidential, as required by 26 U.S.C.
6103.
DATES:
E:\FR\FM\29MYN1.SGM
29MYN1
]]>Agencies
[Federal Register Volume 83, Number 103 (Tuesday, May 29, 2018)]
[Notices]
[Pages 24591-24592]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-11428]
[[Page 24591]]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Submission for OMB Review; International Regulation
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 ``International Regulation.'' The OCC
also is giving notice that it has sent the collection to OMB for
review.
DATES: Comments must be received by June 28, 2018.
ADDRESSES: Commenters are encouraged to submit comments by email, if
possible. You may submit comments by any of the following methods:
Email: [email protected].
Mail: 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.
Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Fax: (571) 465-4326.
Instructions: You must include ``OCC'' as the agency name and
``1557-0102'' in your comment. In general, the OCC will publish them on
www.reginfo.gov without change, including any business or personal
information that you provide, such as name and address information,
email addresses, or phone numbers. 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, 1557-0102, U.S. Office of Management and Budget, 725 17th
Street NW, #10235, Washington, DC 20503 or by email to
[email protected].
You may review comments and other related materials that pertain to
this information collection \1\ following the close of the 30-day
comment period for this notice by any of the following methods:
---------------------------------------------------------------------------
\1\ On February 2, 2018, the OCC published a 60-day notice for
this information collection.
---------------------------------------------------------------------------
Viewing Comments Electronically: Go to www.reginfo.gov.
Click on the ``Information Collection Review'' tab. Underneath the
``Currently under Review'' section heading, from the drop-down menu,
select ``Department of Treasury'' and then click ``submit''. This
information collection can be located by searching by OMB control
number ``1557-0102'' or ``International Regulation''. Upon finding the
appropriate information collection, click on the related ``ICR
Reference Number''. On the next screen, select ``View Supporting
Statement and Other Documents'' and then click on the link to any
comment listed at the bottom of the screen.
For assistance in navigating www.reginfo.gov, please
contact the Regulatory Information Service Center at (202) 482-7340.
Viewing Comments Personally: You may personally inspect
comments at the OCC, 400 7th Street SW, Washington, DC. 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
comments.
FOR FURTHER INFORMATION CONTACT: 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. The OCC asks OMB
to extend its approval of the following collection.
Title: International Regulation.
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 \2\ 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.
---------------------------------------------------------------------------
\2\ Board of Governors of the Federal Reserve System.
---------------------------------------------------------------------------
In practice, the OCC also has required an application pursuant to
Sec. 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
[[Page 24592]]
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 written agreement
entered into with the OCC. Each federal branch or agency shall maintain
a capital equivalency account and keep records of the amount of
liabilities requiring capital equivalency coverage in a manner and form
prescribed by the OCC. A foreign bank's capital equivalency deposits
may not be reduced in value below the minimum required for that branch
or agency without the prior approval of the OCC, but in no event may
the value fall below the statutory minimum.
12 CFR 28.16(c) Deposit-Taking by an Uninsured Federal Branch--
Application for an Exemption
A foreign bank may apply to the OCC for an exemption to permit an
uninsured federal branch to accept or maintain deposit accounts that
are not listed in Sec. 28.16(b). The request should describe the
types, sources, and estimated amount of such deposits and explain why
the OCC should grant an exemption, and how the exemption maintains and
furthers the policies described in Sec. 28.16(a).
12 CFR 28.16(d) Deposit-Taking by an Uninsured Federal Branch--
Aggregation of Deposits
A foreign bank that has more than one federal branch in the same
state may aggregate deposits in all of its federal branches in that
state, but exclude deposits of other branches, agencies, or wholly
owned subsidiaries of the bank. The federal branch shall compute the
average amount by using the sum of deposits as of the close of business
of the last 30 calendar days ending with, and including, the last day
of the calendar quarter, divided by 30. The federal branch shall
maintain records of the calculation until its next examination by the
OCC.
12 CFR 28.18(c)(1) Recordkeeping and Reporting--Maintenance of
Accounts, Books, and Records
Each federal branch or agency shall maintain a set of accounts and
records reflecting its transactions that are separate from those of the
foreign bank and any other branch or agency. The federal branch or
agency shall keep a set of accounts and records in English sufficient
to permit the OCC to examine the condition of the federal branch or
agency and its compliance with applicable laws and regulations.
12 CFR 28.20(a)(1) Maintenance of Assets--General Rule
The OCC may require a foreign bank to hold certain assets in the
state in which its federal branch or agency is located.
12 CFR 28.22(e) Reports of Examination
The federal branch or agency shall send the OCC certification that
all of its Reports of Examination have been destroyed or return its
Reports of Examination to the OCC.
Type of Review: Regular.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 52.
Estimated Total Annual Burden: 2,286.
Frequency of Response: On occasion.
The OCC issued a notice for 60 days of comment on February 2, 2018,
83 FR 4956. 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: May 22, 2018.
Karen Solomon,
Acting Senior Deputy Comptroller and Chief Counsel.
[FR Doc. 2018-11428 Filed 5-25-18; 8:45 am]
BILLING CODE 4810-33-P
