Agency Information Collection Activities: Information Collection Renewal; Submission or OMB Review; Recordkeeping Requirements for Securities Transactions, 21069-21071 [2020-07921]

Download as PDF Federal Register / Vol. 85, No. 73 / Wednesday, April 15, 2020 / Notices jbell on DSKJLSW7X2PROD with NOTICES ‘‘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 that OMB extend its approval of the collection in this notice. Title: Securities Offering Disclosure Rules. OMB Control No.: 1557–0120. Type of Review: Regular. Description: Twelve CFR part 16 governs the offer and sale of securities by national banks and Federal savings associations. The requirements in part 16 enable the OCC to perform its responsibility to ensure that the investing public has information about the condition of the offering institution, the reasons for raising new capital, and the terms of the offering. Affected Public: Businesses or other for-profit. Burden Estimates: Estimated Number of Respondents: 43. Estimated Annual Burden: 946 hours. Frequency of Response: On occasion. Comments: Comments submitted in response to this notice will be summarized and included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; (b) The accuracy of the OCC’s estimate of the 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. Theodore J. Dowd, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2020–07918 Filed 4–14–20; 8:45 am] BILLING CODE 4810–33–P VerDate Sep<11>2014 18:22 Apr 14, 2020 Jkt 250001 DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Submission or OMB Review; Recordkeeping Requirements for Securities Transactions 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, ‘‘Recordkeeping Requirements for Securities Transactions.’’ The OCC also is giving notice that it has sent the collection to OMB for review. DATES: Comments must be received on or before May 15, 2020. 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, 1557– 0142, Office of the Comptroller of the Currency, 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– 0142’’ 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 SUMMARY: PO 00000 Frm 00096 Fmt 4703 Sfmt 4703 21069 confidential or inappropriate for public disclosure. Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ PRAMain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. 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 ‘‘1557–0142’’ or ‘‘Recordkeeping Requirements for Securities Transactions.’’ 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. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance Officer, (202) 649–5490, for persons who are deaf or hard of hearing, TTY, (202) 649–5597, 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 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 that OMB extend its approval of the collection in this notice. Title: Recordkeeping Requirements for Securities Transactions. OMB Number: 1557–0142. 1 On January 22, 2020 the OCC published a 60day notice for this information collection, 85 FR 3760. E:\FR\FM\15APN1.SGM 15APN1 jbell on DSKJLSW7X2PROD with NOTICES 21070 Federal Register / Vol. 85, No. 73 / Wednesday, April 15, 2020 / Notices Description: The information collection requirements in 12 CFR parts 12 and 151 are required to ensure that national banks and Federal savings associations comply with securities laws and to improve the protections afforded to persons who purchase and sell securities through these financial institutions. Parts 12 and 151 establish recordkeeping and confirmation requirements applicable to certain securities transactions effected by national banks or Federal savings associations for customers. The transaction confirmation information required by these regulations ensures that customers receive a record of each securities transaction and that both financial institutions and the OCC have the records necessary to monitor compliance with securities laws and regulations. The OCC uses the required information in the course of its examinations to evaluate, among other things, an institution’s compliance with the antifraud provisions of the Federal securities laws. The information collection requirements contained in 12 CFR parts 12 and 151 are as follows: • 12 CFR 12.3 requires a national bank effecting securities transactions for customers to maintain certain records for at least three years. 12 CFR 12.3(b) provides that the records required by this section must clearly and accurately reflect the information required and provide an adequate basis for the audit of the information. • 12 CFR 151.50 requires a Federal savings association effecting securities transactions for customers to maintain certain records for at least three years. 12 CFR 151.60 provides that the records required by 12 CFR 151.50 must clearly and accurately reflect the information required and provide an adequate basis for audit of the information. • 12 CFR 12.4 requires a national bank to give or send to the customer a written notification of the transaction at or before completion of the securities transaction or, if using a confirmation from a registered broker/dealer, to send a copy of that confirmation within one business day from the bank’s receipt of the confirmation from the broker dealer. Section 12.4 also establishes the required minimum disclosures for a customer’s securities transactions. • 12 CFR 151.70 requires a Federal savings association that effects a securities transaction for a customer to give or send that customer a written notice of the transaction or give or send the customer the registered brokerdealer confirmation. 12 CFR 151.80 establishes when a Federal savings association must provide notice if it VerDate Sep<11>2014 18:22 Apr 14, 2020 Jkt 250001 elects to comply with § 151.70 by using a broker-dealer confirmation and also requires the Federal savings association to provide a statement of the source and amount of any remuneration it has received or will receive in connection with the transaction, unless it has determined remuneration in a written agreement with the customer. 12 CFR 151.90 establishes when a Federal savings association must provide notice if it elects to comply with § 151.70 by providing the customer with a written notice and establishes the minimum disclosures that must be included in that notice. 12 CFR 151.90 requires a Federal savings association to give or send the written notice to the customer at or before the completion of the securities transaction. • 12 CFR 12.5 sets forth notification procedures that a national bank may elect to use, as an alternative to complying with § 12.4, to notify customers of securities transactions for accounts in which the bank does not exercise investment discretion, trust transactions, agency transactions, and certain periodic plan transactions. • 12 CFR 151.100 describes notification procedures that a Federal savings association may use, as an alternative to complying with 12 CFR 151.70, for customer accounts in which the savings association does not exercise investment discretion, certain accounts for which it exercises investment discretion in other than an agency capacity, trust transactions, agency transactions, certain periodic plan transactions, collective investment fund transactions, and money market funds. • 12 CFR 12.7(a) requires national banks to maintain and adhere to policies and procedures that assign responsibility for supervision of employees who perform certain securities trading functions; provide for the fair and equitable allocation of securities and prices to accounts for certain types of orders; provide for crossing of buy and sell orders on a fair and equitable basis to the parties to the transaction, where permissible under applicable law; and require certain officers and employees to report to the bank all personal transactions in securities made by them or on their behalf in which they have a beneficial interest. • 12 CFR 151.140 requires Federal savings associations that effect securities transactions for customers to maintain and follow policies and procedures and sets forth the minimum requirements for such policies and procedures. These policies and procedures must assign responsibility for the supervision of employees who PO 00000 Frm 00097 Fmt 4703 Sfmt 4703 perform certain securities trading functions; provide for the fair and equitable allocation of securities and prices to accounts for certain types of orders; provide for crossing of buy and sell orders on a fair and equitable basis to the parties to the transaction, where permissible under applicable law; and require certain officers and employees to file personal securities trading reports as required by 12 CFR 151.150. • 12 CFR 12.7(a)(4) requires certain national bank officers and employees involved in the securities trading process to report to the bank all personal transactions in securities made by them or on their behalf in which they have a beneficial interest. • 12 CFR 151.150 requires certain Federal savings association officers and employees to report to the savings association personal transactions in securities made by them or on their behalf in which they have a beneficial interest. 12 CFR 151.150(a) sets forth the information to be included in the report and requires the report to be filed no later than 30 days after the end of each calendar quarter. • 12 CFR 12.8 requires a national bank seeking a waiver of one or more of the requirements of 12 CFR 12.2 through 12.7 to file a written request for waiver with the OCC. Type of Review: Regular. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 355. Estimated Frequency of Response: On occasion. Estimated Total Annual Burden: 1,718 hours. Comments: The OCC published a notice for 60 days of comment on January 22, 2020. 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, E:\FR\FM\15APN1.SGM 15APN1 Federal Register / Vol. 85, No. 73 / Wednesday, April 15, 2020 / Notices maintenance, and purchase of services to provide information. Theodore J. Dowd, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2020–07921 Filed 4–14–20; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–0205] Agency Information Collection Activity: Title 38 Positions— Applications and Appraisals for Employment Veterans Health Administration, Department of Veterans Affairs. ACTION: Notice. AGENCY: Veterans Health Administration, Department of Veterans Affairs (VA), is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the Paperwork Reduction Act (PRA) of 1995, Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of a currently approved collection, and allow 60 days for public comment in response to the notice. DATES: Written comments and recommendations on the proposed collection of information should be received on or before June 15, 2020. ADDRESSES: Submit written comments on the collection of information through Federal Docket Management System (FDMS) at www.Regulations.gov or to Brian McCarthy, Office of Regulatory and Administrative Affairs (10B4), Department of Veterans Affairs, 810 Vermont Avenue NW, Washington, DC 20420 or email to Brian.McCarthy4@ va.gov. Please refer to ‘‘OMB Control No. 2900–0205’’ in any correspondence. During the comment period, comments may be viewed online through FDMS. FOR FURTHER INFORMATION CONTACT: Brian McCarthy at (202) 615–9241. SUPPLEMENTARY INFORMATION: Under the PRA of 1995, Federal agencies must obtain approval from the Office of Management and Budget (OMB) for each collection of information they conduct or sponsor. This request for comment is being made pursuant to Section 3506(c)(2)(A) of the PRA. With respect to the following collection of information, VHA invites comments on: (1) Whether the proposed jbell on DSKJLSW7X2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:22 Apr 14, 2020 Jkt 250001 collection of information is necessary for the proper performance of VHA’s functions, including whether the information will have practical utility; (2) the accuracy of VHA’s estimate of the burden of the proposed collection of information; (3) ways to enhance the quality, utility, and clarity of the information to be collected; and (4) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or the use of other forms of information technology. Authority: Public Law 104–13; 44 U.S.C. 3501–3521. Title: Title 38 Positions—Applications and Appraisals for Employment, VA Forms 10–2850, 10–2850a, 10–2850c, FL 10–341(a). OMB Control Number: 2900–0205. Type of Review: Extension of a currently approved collection. Abstract: The collection of this information is authorized by Title 38, United States Code (U.S.C.) 7403, (Veterans’ Benefits), which provides that appointments of Title 38 employees will be made only after qualifications have been satisfactorily verified in accordance with regulations prescribed by the Secretary. Occupations listed in 38 U.S.C. 7401(1) and 7401(3) (Appointments in Veterans Health Administration), are appointed at a grade and step rate or an assignment based on careful evaluation of their education and experience. VA Forms 10–2850, 10–2850a, and 10–2850c are applications designed specifically to elicit appropriate information about each candidate’s qualifications for employment with Department of Veterans Affairs (VA) as well as educational and experience. To assure that a full evaluation of each candidate’s credentials can be made prior to employment, the forms require disclosure of details about all licenses ever held, Drug Enforcement Administration certification, board certification, clinical privileges, revoked certification or registration, liability insurance history, and involvement in malpractice proceedings. VA Form Letter 10–341a is the pre-employment reference form used to elicit information concerning the prior education and/or performance of the Title 38 applicant. This collection of information is necessary to determine eligibility for employment and the appropriate grade and step rate or assignment. a. VA Form 10–2850, Application for Physicians, Dentists, Podiatrists, Optometrists, and Chiropractors, will collect information used to determine eligibility for appointment to VHA. PO 00000 Frm 00098 Fmt 4703 Sfmt 9990 21071 b. VA Form 10–2850a, Application for Nurses and Nurse Anesthetists, will collect information used to determine eligibility for appointment to VHA. c. VA Form 10–2850c, Application for Associated Health Occupations, will collect information used to determine eligibility for appointment to VHA. d. VA Form Letter 10–341(a), Appraisal of Applicant, will collect information used to determine if applicant meets the requirements for employment. VA Form 10–2850 Affected Public: Individuals and households. Estimated Annual Burden: 8,064 hours. Estimated Average Burden per Respondent: 30 minutes. Frequency of Response: Once annually. Estimated Number of Respondents: 16,128. VA Form 10–2850a Affected Public: Individuals and households. Estimated Annual Burden: 32,256 hours. Estimated Average Burden per Respondent: 30 minutes. Frequency of Response: Once annually. Estimated Number of Respondents: 64,511. VA Form 10–2850c Affected Public: Individuals and households. Estimated Annual Burden: 10,752 hours. Estimated Average Burden per Respondent: 30 minutes. Frequency of Response: Once annually. Estimated Number of Respondents: 21,504. VA Form Letter 10–341(a) Affected Public: Individuals and households. Estimated Annual Burden: 25,410 hours. Estimated Average Burden per Respondent: 30 minutes. Frequency of Response: Once annually. Estimated Number of Respondents: 50,820. By direction of the Secretary. Danny S. Green, Interim VA Clearance Officer, Office of Quality, Performance and Risk (OQPR), Department of Veterans Affairs. [FR Doc. 2020–07908 Filed 4–14–20; 8:45 am] BILLING CODE 8320–01–P E:\FR\FM\15APN1.SGM 15APN1

Agencies

[Federal Register Volume 85, Number 73 (Wednesday, April 15, 2020)]
[Notices]
[Pages 21069-21071]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-07921]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Submission or OMB Review; Recordkeeping Requirements for 
Securities Transactions

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, ``Recordkeeping Requirements for Securities Transactions.'' The 
OCC also is giving notice that it has sent the collection to OMB for 
review.

DATES: Comments must be received on or before May 15, 2020.

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, 1557-0142, Office of the Comptroller of the Currency, 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 
``1557-0142'' 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.
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to www.reginfo.gov/public/do/PRAMain. Find this particular information 
collection by selecting ``Currently under 30-day Review--Open for 
Public Comments'' or by using the search function.
    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 January 22, 2020 the OCC published a 60-day notice for 
this information collection, 85 FR 3760.
---------------------------------------------------------------------------

     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 ``1557-0142'' or ``Recordkeeping Requirements for Securities 
Transactions.'' 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.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance 
Officer, (202) 649-5490, for persons who are deaf or hard of hearing, 
TTY, (202) 649-5597, 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 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 that OMB extend its approval of the collection in this 
notice.
    Title: Recordkeeping Requirements for Securities Transactions.
    OMB Number: 1557-0142.

[[Page 21070]]

    Description: The information collection requirements in 12 CFR 
parts 12 and 151 are required to ensure that national banks and Federal 
savings associations comply with securities laws and to improve the 
protections afforded to persons who purchase and sell securities 
through these financial institutions. Parts 12 and 151 establish 
recordkeeping and confirmation requirements applicable to certain 
securities transactions effected by national banks or Federal savings 
associations for customers. The transaction confirmation information 
required by these regulations ensures that customers receive a record 
of each securities transaction and that both financial institutions and 
the OCC have the records necessary to monitor compliance with 
securities laws and regulations. The OCC uses the required information 
in the course of its examinations to evaluate, among other things, an 
institution's compliance with the antifraud provisions of the Federal 
securities laws.
    The information collection requirements contained in 12 CFR parts 
12 and 151 are as follows:
     12 CFR 12.3 requires a national bank effecting securities 
transactions for customers to maintain certain records for at least 
three years. 12 CFR 12.3(b) provides that the records required by this 
section must clearly and accurately reflect the information required 
and provide an adequate basis for the audit of the information.
     12 CFR 151.50 requires a Federal savings association 
effecting securities transactions for customers to maintain certain 
records for at least three years. 12 CFR 151.60 provides that the 
records required by 12 CFR 151.50 must clearly and accurately reflect 
the information required and provide an adequate basis for audit of the 
information.
     12 CFR 12.4 requires a national bank to give or send to 
the customer a written notification of the transaction at or before 
completion of the securities transaction or, if using a confirmation 
from a registered broker/dealer, to send a copy of that confirmation 
within one business day from the bank's receipt of the confirmation 
from the broker dealer. Section 12.4 also establishes the required 
minimum disclosures for a customer's securities transactions.
     12 CFR 151.70 requires a Federal savings association that 
effects a securities transaction for a customer to give or send that 
customer a written notice of the transaction or give or send the 
customer the registered broker-dealer confirmation. 12 CFR 151.80 
establishes when a Federal savings association must provide notice if 
it elects to comply with Sec.  151.70 by using a broker-dealer 
confirmation and also requires the Federal savings association to 
provide a statement of the source and amount of any remuneration it has 
received or will receive in connection with the transaction, unless it 
has determined remuneration in a written agreement with the customer. 
12 CFR 151.90 establishes when a Federal savings association must 
provide notice if it elects to comply with Sec.  151.70 by providing 
the customer with a written notice and establishes the minimum 
disclosures that must be included in that notice. 12 CFR 151.90 
requires a Federal savings association to give or send the written 
notice to the customer at or before the completion of the securities 
transaction.
     12 CFR 12.5 sets forth notification procedures that a 
national bank may elect to use, as an alternative to complying with 
Sec.  12.4, to notify customers of securities transactions for accounts 
in which the bank does not exercise investment discretion, trust 
transactions, agency transactions, and certain periodic plan 
transactions.
     12 CFR 151.100 describes notification procedures that a 
Federal savings association may use, as an alternative to complying 
with 12 CFR 151.70, for customer accounts in which the savings 
association does not exercise investment discretion, certain accounts 
for which it exercises investment discretion in other than an agency 
capacity, trust transactions, agency transactions, certain periodic 
plan transactions, collective investment fund transactions, and money 
market funds.
     12 CFR 12.7(a) requires national banks to maintain and 
adhere to policies and procedures that assign responsibility for 
supervision of employees who perform certain securities trading 
functions; provide for the fair and equitable allocation of securities 
and prices to accounts for certain types of orders; provide for 
crossing of buy and sell orders on a fair and equitable basis to the 
parties to the transaction, where permissible under applicable law; and 
require certain officers and employees to report to the bank all 
personal transactions in securities made by them or on their behalf in 
which they have a beneficial interest.
     12 CFR 151.140 requires Federal savings associations that 
effect securities transactions for customers to maintain and follow 
policies and procedures and sets forth the minimum requirements for 
such policies and procedures. These policies and procedures must assign 
responsibility for the supervision of employees who perform certain 
securities trading functions; provide for the fair and equitable 
allocation of securities and prices to accounts for certain types of 
orders; provide for crossing of buy and sell orders on a fair and 
equitable basis to the parties to the transaction, where permissible 
under applicable law; and require certain officers and employees to 
file personal securities trading reports as required by 12 CFR 151.150.
     12 CFR 12.7(a)(4) requires certain national bank officers 
and employees involved in the securities trading process to report to 
the bank all personal transactions in securities made by them or on 
their behalf in which they have a beneficial interest.
     12 CFR 151.150 requires certain Federal savings 
association officers and employees to report to the savings association 
personal transactions in securities made by them or on their behalf in 
which they have a beneficial interest. 12 CFR 151.150(a) sets forth the 
information to be included in the report and requires the report to be 
filed no later than 30 days after the end of each calendar quarter.
     12 CFR 12.8 requires a national bank seeking a waiver of 
one or more of the requirements of 12 CFR 12.2 through 12.7 to file a 
written request for waiver with the OCC.
    Type of Review: Regular.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 355.
    Estimated Frequency of Response: On occasion.
    Estimated Total Annual Burden: 1,718 hours.
    Comments: The OCC published a notice for 60 days of comment on 
January 22, 2020. 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,

[[Page 21071]]

maintenance, and purchase of services to provide information.

Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2020-07921 Filed 4-14-20; 8:45 am]
 BILLING CODE 4810-33-P