Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Community and Economic Development Entities, Community Development Projects, and Other Public Welfare Investments, 19826-19827 [2019-09136]
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jbell on DSK3GLQ082PROD with NOTICES
19826
Federal Register / Vol. 84, No. 87 / Monday, May 6, 2019 / Notices
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. To comply with this
requirement, the OCC is publishing
notice of the proposed collection of
information set forth in this document.
Title: Minimum Security Devices and
Procedures, Reports of Suspicious
Activities, and Bank Secrecy Act
Compliance Program.
OMB Control No.: 1557–0180.
Form Numbers: 8010–1/8010–9.
Abstract:
Minimum Security Devices and
Procedures: Under 12 CFR 21.2, 21.4,
168.2, and 168.4, national banks and
savings associations are required to
designate a security officer who must
develop and administer a written
security program. The security officer
shall report at least annually to the
institution’s board of directors on the
effectiveness of the security program.
The substance of the report shall be
reflected in the board’s minutes. These
requirements ensure that the security
officer is responsible for the security
program and that institution
management and the board of directors
are aware of the content and
effectiveness of the program. These
requirements also ensure prudent
institution management and institution
safety and soundness.
Suspicious Activity Report (SAR): In
1992, the Department of the Treasury
was granted broad authority to require
suspicious transaction reporting under
the Bank Secrecy Act (BSA). See, 31
U.S.C. 5318(g). The Financial Crimes
Enforcement Network (FinCEN), which
has been delegated the authority to
administer the BSA, joined with the
bank regulators in 1996 in requiring, on
a consolidated form (i.e., SAR), reports
of suspicious transactions. See, 31 CFR
1020.320(a) (formerly 31 CFR 103.18(a)).
The filing of SARs is necessary to
prevent and detect crimes involving
depository institution funds, institution
insiders, criminal transactions, and
money laundering. These requirements
are necessary to ensure institution safety
and soundness.
Banks and savings associations are
required to maintain a copy of any SAR
filed and the original or business record
equivalent of any supporting
documentation for a period of five years.
The documents are necessary for
criminal investigations and
prosecutions.
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FinCEN and the Federal financial
institution supervisory agencies 2
adopted the SAR form to simplify the
process through which depository
institutions inform their regulators and
law enforcement about suspected
criminal activity. The SAR form was
updated in 1998, 2000, 2003, 2006,
2011, 2012, 2015, and 2018.
Procedures for Monitoring Bank
Secrecy Act Compliance: Under 12 CFR
21.21, national banks and savings
associations are required to develop and
provide for the continued
administration of a program reasonably
designed to assure and monitor their
compliance with the BSA and
applicable Treasury regulations. The
compliance program must be in writing,
approved by the board of directors, and
reflected in the minutes of the national
bank or savings association. These
requirements are necessary to ensure
institution compliance with the BSA
and applicable Treasury regulations.
Type of Review: Regular.
Affected Public: Business, for-profit
institutions, and non-profit.
Estimated Number of Respondents:
1,233.
Estimated Total Annual Burden:
615,130 hours.
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
shall have 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 of information 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.
2 The Federal financial institution supervisory
agencies are the Office of the Comptroller of the
Currency (OCC), Board of Governors of the Federal
Reserve System (Board), Federal Deposit Insurance
Corporation (FDIC), and National Credit Union
Administration (NCUA). The Office of Thrift
Supervision, which was in existence at the time the
SAR was adopted, was merged into the OCC in
2011.
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Dated: April 30, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2019–09135 Filed 5–3–19; 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;
Community and Economic
Development Entities, Community
Development Projects, and Other
Public Welfare Investments
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).
An agency 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 its information collection
titled, ‘‘Community and Economic
Development Entities, Community
Development Projects, and Other Public
Welfare Investments.’’ The OCC also is
giving notice that it has sent the
collection to OMB for review.
DATES: Comments must be submitted on
or before June 5, 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,
Attention: Comment Processing, Office
of the Comptroller of the Currency,
Attention: 1557–0194, 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–
0194’’ in your comment. In general, the
OCC will publish comments on
www.reginfo.gov without change,
SUMMARY:
E:\FR\FM\06MYN1.SGM
06MYN1
jbell on DSK3GLQ082PROD with NOTICES
Federal Register / Vol. 84, No. 87 / Monday, May 6, 2019 / Notices
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.
Additionally, please send a copy of
your comments by mail to: OCC Desk
Officer, 1557–0194, 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
‘‘1557–0194’’ or ‘‘Community and
Economic Development Entities,
Community Development Projects, and
Other Public Welfare Investments.’’
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, Clearance Officer,
(202) 649–5490 or, for persons who are
1 On February 5, 2019, the OCC published a 60day notice for this information collection, 84 FR
1821.
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Jkt 247001
deaf or hearing impaired, TTY, (202)
649–5597, Chief Counsel’s Office, 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 et seq.), federal
agencies must obtain approval from
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 information collection.
Title: Community and Economic
Development Entities, Community
Development Projects, and Other Public
Welfare Investments.
OMB Control No.: 1557–0194.
Description: This submission covers
an existing regulation (12 CFR part 24),
including the CD–1, National Bank
Community Development Investments
form, contained in the regulation,
pursuant to which a national bank may
notify the OCC, or request OCC
approval, of certain community
development investments.
Section 24.5(a) provides that an
eligible national bank may make a
public welfare investment without prior
notification to, or approval by, the OCC
if the bank submits an after-the-fact
notification of an investment within 10
days of making the investment.
Section 24.4(a) provides that a
national bank may submit a written
request to the OCC to exceed five
percent of its capital and surplus for its
aggregate, outstanding public welfare
investments. The OCC may grant
permission to the bank to make
subsequent public welfare investments
up to the approved investment limit
without prior notification to, or
approval by, the OCC using the afterthe-fact notification process consistent
with § 24.5(a).
Section 24.5(a)(5) provides that a
national bank that is not an eligible
bank, consistent with § 24.2(e), but that
is at least adequately capitalized and
has a composite rating of at least 3 with
improving trends under the Uniform
Financial Institutions Rating System,
may submit a letter to the OCC
requesting authority to submit after-thefact notices of its public welfare
investments.
Section 24.5(b)(1) provides that if a
national bank does not meet the
requirements for after-the-fact
notification, including if the bank’s
aggregate outstanding investments
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19827
exceed the five percent limit, unless
previously approved by the OCC for
subsequent public welfare investments,
the bank must submit an investment
proposal to the OCC seeking permission
to make the public welfare investment.
Type of Review: Regular.
Affected Public: Individuals;
Businesses or other for-profit.
Estimated Number of Respondents:
1,110.
Frequency of Response: On occasion.
Estimated Total Annual Burden:
1,632.52 hours.
On February 5, 2019, the OCC
published a 60-day notice for this
information collection, 84 FR 1821. 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 startup costs
and costs of operation, maintenance,
and purchase of services to provide
information.
Dated: April 30, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2019–09136 Filed 5–3–19; 8:45 am]
BILLING CODE P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request; Lending
Limits
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 the opportunity to
comment on the renewal of an
information collection, as required by
the Paperwork Reduction Act of 1995
(PRA).
SUMMARY:
E:\FR\FM\06MYN1.SGM
06MYN1
Agencies
[Federal Register Volume 84, Number 87 (Monday, May 6, 2019)]
[Notices]
[Pages 19826-19827]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-09136]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Submission for OMB Review; Community and Economic Development
Entities, Community Development Projects, and Other Public Welfare
Investments
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).
An agency 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 its information collection
titled, ``Community and Economic Development Entities, Community
Development Projects, and Other Public Welfare Investments.'' The OCC
also is giving notice that it has sent the collection to OMB for
review.
DATES: Comments must be submitted on or before June 5, 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, Attention: Comment
Processing, Office of the Comptroller of the Currency, Attention: 1557-
0194, 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
``1557-0194'' in your comment. In general, the OCC will publish
comments on www.reginfo.gov without change,
[[Page 19827]]
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.
Additionally, please send a copy of your comments by mail to: OCC
Desk Officer, 1557-0194, 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 5, 2019, the OCC published a 60-day notice for
this information collection, 84 FR 1821.
---------------------------------------------------------------------------
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 ``1557-0194'' or ``Community and Economic Development Entities,
Community Development Projects, and Other Public Welfare Investments.''
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, Clearance Officer,
(202) 649-5490 or, for persons who are deaf or hearing impaired, TTY,
(202) 649-5597, Chief Counsel's Office, 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 et seq.),
federal agencies must obtain approval from 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 information collection.
Title: Community and Economic Development Entities, Community
Development Projects, and Other Public Welfare Investments.
OMB Control No.: 1557-0194.
Description: This submission covers an existing regulation (12 CFR
part 24), including the CD-1, National Bank Community Development
Investments form, contained in the regulation, pursuant to which a
national bank may notify the OCC, or request OCC approval, of certain
community development investments.
Section 24.5(a) provides that an eligible national bank may make a
public welfare investment without prior notification to, or approval
by, the OCC if the bank submits an after-the-fact notification of an
investment within 10 days of making the investment.
Section 24.4(a) provides that a national bank may submit a written
request to the OCC to exceed five percent of its capital and surplus
for its aggregate, outstanding public welfare investments. The OCC may
grant permission to the bank to make subsequent public welfare
investments up to the approved investment limit without prior
notification to, or approval by, the OCC using the after-the-fact
notification process consistent with Sec. 24.5(a).
Section 24.5(a)(5) provides that a national bank that is not an
eligible bank, consistent with Sec. 24.2(e), but that is at least
adequately capitalized and has a composite rating of at least 3 with
improving trends under the Uniform Financial Institutions Rating
System, may submit a letter to the OCC requesting authority to submit
after-the-fact notices of its public welfare investments.
Section 24.5(b)(1) provides that if a national bank does not meet
the requirements for after-the-fact notification, including if the
bank's aggregate outstanding investments exceed the five percent limit,
unless previously approved by the OCC for subsequent public welfare
investments, the bank must submit an investment proposal to the OCC
seeking permission to make the public welfare investment.
Type of Review: Regular.
Affected Public: Individuals; Businesses or other for-profit.
Estimated Number of Respondents: 1,110.
Frequency of Response: On occasion.
Estimated Total Annual Burden: 1,632.52 hours.
On February 5, 2019, the OCC published a 60-day notice for this
information collection, 84 FR 1821. 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 startup costs and costs of operation,
maintenance, and purchase of services to provide information.
Dated: April 30, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2019-09136 Filed 5-3-19; 8:45 am]
BILLING CODE P