Agency Information Collection Activities: Information Collection Renewal; Comment Request; Disclosure and Reporting of CRA-Related Agreements, 12032-12033 [2019-06019]
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12032
Federal Register / Vol. 84, No. 61 / Friday, March 29, 2019 / Notices
entity’s counterparty. In the case of
transfers initiated by the covered swap
entity’s counterparty, the counterparty
must make a representation to the
covered swap entity that the
counterparty carried out the swap in
accordance with both elements of the
purpose test.3 Twelve CFR 45.1(h)
specifies that transfers of legacy swaps
initiated by a covered swap entity’s
counterparty require a representation to
the covered swap entity that the
counterparty carried out the swap in
accordance with both elements of the
purpose test in order to remain outside
the scope of the rule. This requirement
constitutes a third party disclosure
under the PRA.
Estimated Number of Respondents:
10.
Estimated Burden per Response: 1
hour.
Total Estimated Burden: 10 hour.
Type of Review: Regular. Affected
Public: Individuals; Businesses or other
for-profit. Frequency of Response: On
occasion. Comments submitted in
response to this notice will be
summarized, included in the request for
OMB approval, and 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 startup costs
and costs of operation, maintenance,
and purchase of services to provide
information.
Dated: March 25, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2019–06085 Filed 3–28–19; 8:45 am]
jbell on DSK30RV082PROD with NOTICES
BILLING CODE 4810–33–P
3 The purpose test requires that the financial
entity located in the U.K. arrange to make the
amendments to the non-cleared swap solely for the
purpose of transferring the non-cleared swap to an
affiliate or other related establishment that is
located in an E.U. Member State or the United
States. This purpose test also contains a
requirement that the transfer be made in connection
with the U.K. entity’s planning for the possibility
that the U.K. might exit the E.U. without a
negotiated agreement, or the U.K. entity’s response
to such an event.
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17:48 Mar 28, 2019
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request;
Disclosure and Reporting of CRARelated Agreements
Office of the Comptroller of the
Currency, Treasury.
ACTION: Notice and request for comment.
AGENCY:
The Office of the Comptroller
of the Currency (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).
An agency may not conduct or
sponsor, and a 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 its information collection
titled ‘‘Disclosure and Reporting of
CRA-Related Agreements.’’
DATES: Comments must be received by
May 28, 2019.
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: Chief Counsel’s Office, Office
of the Comptroller of the Currency,
Attention: 1557–0219, 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–
0219’’ in your comment. In general, the
OCC will publish comments on
www.reginfo.gov without change,
including any business or personal
information provided, 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.
You may review comments and other
related materials that pertain to this
SUMMARY:
PO 00000
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Fmt 4703
Sfmt 4703
information collection beginning on the
date of publication of the second notice
for this collection 1 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
‘‘1557–0219’’ or ‘‘Disclosure and
Reporting of CRA-Related Agreements.’’
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:
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,
Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the
PRA (44 U.S.C. 3501 et seq.), 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
1 Following the close of the 60-day comment
period for this notice, the OCC will publish a notice
for 30 days of comment for this collection.
E:\FR\FM\29MRN1.SGM
29MRN1
Federal Register / Vol. 84, No. 61 / Friday, March 29, 2019 / Notices
jbell on DSK30RV082PROD with NOTICES
for approval. To comply with this
requirement, the OCC is publishing
notice of the extension of the collection
of information set forth in this
document.
Title: Disclosure and Reporting of
CRA-Related Agreements.
OMB Control No.: 1557–0219.
Description: National banks, federal
savings associations, and their affiliates
occasionally enter into agreements with
nongovernmental entities or persons
(NGEPs) that are related to their
Community Reinvestment Act (CRA)
responsibilities. Section 48 of the
Federal Deposit Insurance Act (FDI
Act) 2 requires disclosure of certain of
these agreements and imposes related
reporting requirements on insured
depository institutions (IDIs), their
affiliates, and NGEPs. As mandated by
the FDI Act, the OCC, the Federal
Deposit Insurance Corporation, and the
Board of Governors of the Federal
Reserve System issued regulations to
implement these disclosure and
reporting requirements. The disclosure
and reporting provisions of these
regulations constitute collections of
information under the PRA. The
regulation issued by the OCC is codified
at 12 CFR 35 and is known as the ‘‘CRA
Sunshine’’ regulation.
Section 48 of the FDI Act applies to
written agreements that: (1) Are made in
fulfillment of the CRA; (2) involve funds
or other resources of an IDI or affiliate
with an aggregate value of more than
$10,000 in a year or loans with an
aggregate principal value of more than
$50,000 in a year; 3 and (3) are entered
into by an IDI or affiliate and an NGEP.4
Under section 48, the parties to a
covered agreement must make the
agreement available to the public and
the appropriate agency.5 This section
also requires the parties to file a report
annually with the appropriate agency
concerning the disbursement, receipt,
and use of funds or other resources
under the agreement.6 The collections of
information in CRA Sunshine regulation
implement these statutorily mandated
disclosure and reporting requirements.
The parties to the agreement may
request confidential treatment of
proprietary and confidential
information in an agreement or annual
report and may withhold from public
2 12
U.S.C. 1831y.
definition includes groups of substantially
related agreements that satisfy these amounts in the
aggregate.
4 12 U.S.C. 1831y(e).
5 12 U.S.C. 1831y(a).
6 12 U.S.C. 1831y(b)–(c).
3 The
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17:48 Mar 28, 2019
Jkt 247001
disclosure confidential or proprietary
information in an agreement.7
The information collections are found
in 12 CFR 35.4(b); 35.6; and 35.7 and
they require:
• IDIs or affiliates to notify NGEPs
that are parties to certain agreements
that these are agreements with a CRA
affiliate;
• NGEPs and IDIs or their affiliates to
make a copy of a covered agreement
available to any individual or entity
upon request;
• NGEPs to provide a copy of the
covered agreement within 30 days of
receiving a request from the relevant
supervisory agency;
• Each IDI and affiliate to provide
each relevant supervisory agency with a
copy of each covered agreement or a list
of all covered agreements entered into
during the calendar quarter, within 60
days of the end of each calendar
quarter; 8 and
• Annual reporting.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals;
Businesses or other for-profit.
Estimated Number of Respondents: 13
(7 IDIs; 6 NGEPs).
Number of Agreements: 237.
Number of Annual Reports: 9.
Estimated Total Annual Burden: 527.
Comments submitted in response to
this notice will be summarized,
included in the request for OMB
approval, and 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 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.
7 12 CFR 35.6(b)(2), 35.8; see 12 U.S.C.
1831y(h)(2)(A).
8 If providing a list of covered agreements, the IDI
or affiliate must provide a copy and public version
of any agreement referenced in the list to any
relevant supervisory agency within seven calendar
days of receiving a request from the agency.
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12033
Dated: March 22, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2019–06019 Filed 3–28–19; 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
Fiduciary Activities
Office of the Comptroller of the
Currency, Treasury (OCC).
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).
An agency may not conduct or
sponsor, and a respondent is not
required to respond to, an information
collection unless it displays a currently
valid OMB control number.
The OCC is soliciting comment
concerning the renewal of its
information collection titled ‘‘Fiduciary
Activities.’’ The OCC also is giving
notice that it has sent the collection to
OMB for review. April 29, 2019.
DATES: You should submit written
comments by April 29, 2019.
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: Chief Counsel’s Office, Office
of the Comptroller of the Currency,
Attention: 1557–0140, 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–
0140’’ in your comment. In general, the
OCC will publish comments on
www.reginfo.gov without change,
including any business or personal
information provided, 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
SUMMARY:
E:\FR\FM\29MRN1.SGM
29MRN1
]]>Agencies
[Federal Register Volume 84, Number 61 (Friday, March 29, 2019)]
[Notices]
[Pages 12032-12033]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-06019]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Disclosure and Reporting of CRA-Related
Agreements
AGENCY: Office of the Comptroller of the Currency, Treasury.
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The Office of the Comptroller of the Currency (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).
An agency may not conduct or sponsor, and a 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 its information collection
titled ``Disclosure and Reporting of CRA-Related Agreements.''
DATES: Comments must be received by May 28, 2019.
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: Chief Counsel's Office, Office of the Comptroller of
the Currency, Attention: 1557-0219, 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
``1557-0219'' in your comment. In general, the OCC will publish
comments on www.reginfo.gov without change, including any business or
personal information provided, 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.
You may review comments and other related materials that pertain to
this information collection beginning on the date of publication of the
second notice for this collection \1\ by any of the following methods:
---------------------------------------------------------------------------
\1\ Following the close of the 60-day comment period for this
notice, the OCC will publish a notice for 30 days of comment for
this 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 ``1557-0219'' or ``Disclosure and Reporting of CRA-Related
Agreements.'' 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: 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, Washington, DC
20219.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501 et seq.),
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
[[Page 12033]]
for approval. To comply with this requirement, the OCC is publishing
notice of the extension of the collection of information set forth in
this document.
Title: Disclosure and Reporting of CRA-Related Agreements.
OMB Control No.: 1557-0219.
Description: National banks, federal savings associations, and
their affiliates occasionally enter into agreements with
nongovernmental entities or persons (NGEPs) that are related to their
Community Reinvestment Act (CRA) responsibilities. Section 48 of the
Federal Deposit Insurance Act (FDI Act) \2\ requires disclosure of
certain of these agreements and imposes related reporting requirements
on insured depository institutions (IDIs), their affiliates, and NGEPs.
As mandated by the FDI Act, the OCC, the Federal Deposit Insurance
Corporation, and the Board of Governors of the Federal Reserve System
issued regulations to implement these disclosure and reporting
requirements. The disclosure and reporting provisions of these
regulations constitute collections of information under the PRA. The
regulation issued by the OCC is codified at 12 CFR 35 and is known as
the ``CRA Sunshine'' regulation.
---------------------------------------------------------------------------
\2\ 12 U.S.C. 1831y.
---------------------------------------------------------------------------
Section 48 of the FDI Act applies to written agreements that: (1)
Are made in fulfillment of the CRA; (2) involve funds or other
resources of an IDI or affiliate with an aggregate value of more than
$10,000 in a year or loans with an aggregate principal value of more
than $50,000 in a year; \3\ and (3) are entered into by an IDI or
affiliate and an NGEP.\4\
---------------------------------------------------------------------------
\3\ The definition includes groups of substantially related
agreements that satisfy these amounts in the aggregate.
\4\ 12 U.S.C. 1831y(e).
---------------------------------------------------------------------------
Under section 48, the parties to a covered agreement must make the
agreement available to the public and the appropriate agency.\5\ This
section also requires the parties to file a report annually with the
appropriate agency concerning the disbursement, receipt, and use of
funds or other resources under the agreement.\6\ The collections of
information in CRA Sunshine regulation implement these statutorily
mandated disclosure and reporting requirements. The parties to the
agreement may request confidential treatment of proprietary and
confidential information in an agreement or annual report and may
withhold from public disclosure confidential or proprietary information
in an agreement.\7\
---------------------------------------------------------------------------
\5\ 12 U.S.C. 1831y(a).
\6\ 12 U.S.C. 1831y(b)-(c).
\7\ 12 CFR 35.6(b)(2), 35.8; see 12 U.S.C. 1831y(h)(2)(A).
---------------------------------------------------------------------------
The information collections are found in 12 CFR 35.4(b); 35.6; and
35.7 and they require:
IDIs or affiliates to notify NGEPs that are parties to
certain agreements that these are agreements with a CRA affiliate;
NGEPs and IDIs or their affiliates to make a copy of a
covered agreement available to any individual or entity upon request;
NGEPs to provide a copy of the covered agreement within 30
days of receiving a request from the relevant supervisory agency;
Each IDI and affiliate to provide each relevant
supervisory agency with a copy of each covered agreement or a list of
all covered agreements entered into during the calendar quarter, within
60 days of the end of each calendar quarter; \8\ and
---------------------------------------------------------------------------
\8\ If providing a list of covered agreements, the IDI or
affiliate must provide a copy and public version of any agreement
referenced in the list to any relevant supervisory agency within
seven calendar days of receiving a request from the agency.
---------------------------------------------------------------------------
Annual reporting.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals; Businesses or other for-profit.
Estimated Number of Respondents: 13 (7 IDIs; 6 NGEPs).
Number of Agreements: 237.
Number of Annual Reports: 9.
Estimated Total Annual Burden: 527.
Comments submitted in response to this notice will be summarized,
included in the request for OMB approval, and 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 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: March 22, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2019-06019 Filed 3-28-19; 8:45 am]
BILLING CODE 4810-33-P
