Agency Information Collection Activities: Information Collection Renewal; Comment Request; Interagency Guidance on Asset Securitization Activities, 13792-13793 [2022-05033]

Download as PDF 13792 Federal Register / Vol. 87, No. 47 / Thursday, March 10, 2022 / Notices 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 start-up costs and costs of operation, maintenance, and purchase of services to provide information. Theodore J. Dowd, Deputy Chief Counsel, Comptroller of the Currency. [FR Doc. 2022–05037 Filed 3–9–22; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Comment Request; Interagency Guidance on Asset Securitization Activities 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 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 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 renewal of its information collection titled ‘‘Interagency Guidance on Asset Securitization Activities.’’ DATES: Comments must be submitted on or before May 9, 2022. ADDRESSES: Commenters are encouraged to submit comments by email, if khammond on DSKJM1Z7X2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 16:20 Mar 09, 2022 Jkt 256001 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: 1557–0217, 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– 0217’’ 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. Following the close of this notice’s 60-day comment period, the OCC will publish a second notice with a 30-day comment period. 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 by the method set forth in the next bullet. • Viewing Comments Electronically: Go to www.reginfo.gov. Hover over the ‘‘Information Collection Review’’ tab and click on ‘‘Information Collection Review’’ dropdown. 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 ‘‘1557–0217’’ or ‘‘Interagency Guidance on Asset Securitization Activities.’’ 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, Chief Counsel’s Office, Office of the Comptroller of the PO 00000 Frm 00106 Fmt 4703 Sfmt 4703 Currency, 400 7th Street SW, Suite 3E– 218, Washington, DC 20219. If you are deaf, hard of hearing, or have a speech disability, please dial 7–1–1 to access telecommunications relay services. SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501–3520), 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. 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: Interagency Guidance on Asset Securitization Activities. OMB Control No.: 1557–0217. Type of Review: Regular. Description: In 1999, the OCC issued the Interagency Guidance on Asset Securitization Activities 1 (guidance) in response to a determination that some institutions involved in asset securitization activities had significant weaknesses in their asset securitization practices. The information collection contained in the guidance applies to financial institutions engaged in asset securitization activities and provides that any institution engaged in these activities should maintain a written asset securitization policy, document the fair value of retained interests, and maintain a management information system to monitor asset securitization activities. Financial institution management uses the information collected to ensure the safe and sound operation of the institution’s asset securitization activities. The OCC uses the information to evaluate the quality of an institution’s risk management practices. Affected Public: Businesses or other for-profit. Burden Estimates: Estimated Number of Respondents: 35 national banks and Federal savings associations. Estimated Annual Burden: 1,827 hours. Frequency of Response: On occasion. 1 OCC Bulletin 1999–46, December 13, 1999, https://www.occ.gov/news-issuances/bulletins/ 1999/bulletin-1999-46a.pdf. E:\FR\FM\10MRN1.SGM 10MRN1 Federal Register / Vol. 87, No. 47 / Thursday, March 10, 2022 / Notices 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 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. 2022–05033 Filed 3–9–22; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Notice of OFAC Sanctions Actions Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC’s determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them. DATES: See SUPPLEMENTARY INFORMATION section for effective date(s). FOR FURTHER INFORMATION CONTACT: OFAC: Andrea Gacki, Director, tel.: 202–622–2490; Associate Director for Global Targeting, tel.: 202–622–2420; Assistant Director for Licensing, tel.: 202–622–2480; Assistant Director for Regulatory Affairs, tel.: 202–622–4855; or the Assistant Director for Sanctions Compliance & Evaluation, tel.: 202–622– 2490. SUPPLEMENTARY INFORMATION: khammond on DSKJM1Z7X2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 16:20 Mar 09, 2022 Jkt 256001 Electronic Availability The Specially Designated Nationals and Blocked Persons List and additional information concerning OFAC sanctions programs are available on OFAC’s website (https://www.treasury.gov/ofac). Notice of OFAC Actions On March 3, 2022, OFAC determined that the property and interests in property subject to U.S. jurisdiction of the following persons are blocked under the relevant sanctions authorities listed below. Individuals 1. DUGINA, Darya Aleksandrovna, Russia; DOB 15 Dec 1992; nationality Russia; Gender Female (individual) [UKRAINE–EO13661] [CYBER2] [ELECTION–EO13848] (Linked To: UNITED WORLD INTERNATIONAL). Designated pursuant to section 2(a)(iii) of Executive Order 13848 of September 12, 2018, ‘‘Imposing Certain Sanctions in the Event of Foreign Interference in a United States Election,’’ (E.O. 13848) for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, UNITED WORLD INTERNATIONAL, a person whose property and interests in property are blocked pursuant to E.O. 13848. Also designated pursuant to section l(a)(iii)(C) of Executive Order 13694 of April 1, 2015, ‘‘Blocking Property of Certain Persons Engaging in Significant Malicious Cyber-Enabled Activities,’’ as amended by Executive Order 13757 of December 28, 2016, ‘‘Taking Additional Steps to Address the National Emergency With Respect to Significant Malicious Cyber-Enabled Activities,’’ (E.O. 13694, as amended) for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, UNITED WORLD INTERNATIONAL, a person whose property and interests in property are blocked pursuant to E.O. 13694, as amended. Also designated pursuant to section l(a)(ii)(C)(2) of Executive Order 13661 of March 16, 2014, ‘‘Blocking Property of Additional Persons Contributing to the Situation in Ukraine,’’ (E.O. 13661) for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, UNITED WORLD INTERNATIONAL, a person whose property and interests in property are blocked pursuant to E.O. 13661. 2. MAMAKOVA, Aelita Leonidovna, Russia; DOB 01 Nov 1988; nationality Russia; Gender Female (individual) [NPWMD] [CYBER2] [ELECTION–EO13848] (Linked To: SOUTHFRONT). Designated pursuant to section 2(a)(ii) of E.O. 13848 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, SOUTHFRONT, a person whose property and interests in property are blocked pursuant to E.O. 13848. Also designated pursuant to section 1(a)(ii)(B) of E.O. 13694, as amended, for having materially assisted, sponsored or PO 00000 Frm 00107 Fmt 4703 Sfmt 4703 13793 provided financial, material, or technological support for, or goods or services to or in support of, SOUTHFRONT, a person whose property and interests in property are blocked pursuant to E.O. 13694, as amended. Also designated pursuant to section 1(a)(iii) of E.O. 13382, for having provided, or attempted to provide, financial, material, or technological or other support for, or goods or services in support of, SOUTHFRONT, a person whose property and interests in property are blocked pursuant to E.O. 13382. 3. PROKOFYEV, Yuriy Anatolyevich (a.k.a. PROKOFIEV, Yuri), Russia; DOB 14 Apr 1986; nationality Russia; Gender Male (individual) [ELECTION–EO13848] (Linked To: THE STRATEGIC CULTURE FOUNDATION). Designated pursuant to section 2(a)(ii) of E.O. 13848 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, THE STRATEGIC CULTURE FOUNDATION, a person whose property and interests in property are blocked pursuant to E.O. 13848. 4. SKOROKHODOVA, Natalya Petrovna, Russia; DOB 25 Aug 1968; nationality Russia; Gender Female (individual) [ELECTION– EO13848] (Linked To: THE STRATEGIC CULTURE FOUNDATION). Designated pursuant to section 2(a)(ii) of E.O. 13848 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, THE STRATEGIC CULTURE FOUNDATION, a person whose property and interests in property are blocked pursuant to E.O. 13848. 5. FEDIN, Yuriy Sergeyevich, Ukraine; DOB 26 Mar 1989; nationality Russia; Gender Male (individual) [NPWMD] [CYBER2] (Linked To: NEWSFRONT). Designated pursuant to section l(a)(iii)(B) of E.O. 13694, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, NEWSFRONT, a person whose property and interests in property are blocked pursuant to E.O. 13694, as amended. Also designated pursuant to section 1(a)(iii) of E.O. 13382, for having provided, or attempted to provide, financial, material, or technological or other support for, or goods or services in support of, NEWSFRONT, a person whose property and interests in property are blocked pursuant to E.O. 13382. 6. KNYRIK, Konstantin Sergeyevich, Crimea, Ukraine; DOB 14 Aug 1989; nationality Russia; Gender Male; Tax ID No. 910406732278 (Russia) (individual) [NPWMD] [CYBER2] [CAATSA—RUSSIA] (Linked To: NEWSFRONT; Linked To: FEDERAL SECURITY SERVICE). Designated pursuant to section l(a)(iii)(C) of E.O. 13694, as amended for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, the FEDERAL SECURITY SERVICE and NEWSFRONT, persons whose property and interests in property are blocked pursuant to E.O. 13694, as amended. Also designated pursuant to section 224(a)(1)(B) of CAATSA, for being owned or E:\FR\FM\10MRN1.SGM 10MRN1

Agencies

[Federal Register Volume 87, Number 47 (Thursday, March 10, 2022)]
[Notices]
[Pages 13792-13793]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-05033]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Comment Request; Interagency Guidance on Asset Securitization 
Activities

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 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 
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 renewal 
of its information collection titled ``Interagency Guidance on Asset 
Securitization Activities.''

DATES: Comments must be submitted on or before May 9, 2022.

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-
0217, 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 
``1557-0217'' 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.
    Following the close of this notice's 60-day comment period, the OCC 
will publish a second notice with a 30-day comment period. 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 by the method set forth in the next 
bullet.
     Viewing Comments Electronically: Go to www.reginfo.gov. 
Hover over the ``Information Collection Review'' tab and click on 
``Information Collection Review'' dropdown. 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-
0217'' or ``Interagency Guidance on Asset Securitization Activities.''
    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, Chief Counsel's Office, Office of the 
Comptroller of the Currency, 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219. If you are deaf, hard of hearing, or have a 
speech disability, please dial 7-1-1 to access telecommunications relay 
services.

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), 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. 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: Interagency Guidance on Asset Securitization Activities.
    OMB Control No.: 1557-0217.
    Type of Review: Regular.
    Description: In 1999, the OCC issued the Interagency Guidance on 
Asset Securitization Activities \1\ (guidance) in response to a 
determination that some institutions involved in asset securitization 
activities had significant weaknesses in their asset securitization 
practices. The information collection contained in the guidance applies 
to financial institutions engaged in asset securitization activities 
and provides that any institution engaged in these activities should 
maintain a written asset securitization policy, document the fair value 
of retained interests, and maintain a management information system to 
monitor asset securitization activities. Financial institution 
management uses the information collected to ensure the safe and sound 
operation of the institution's asset securitization activities. The OCC 
uses the information to evaluate the quality of an institution's risk 
management practices.
---------------------------------------------------------------------------

    \1\ OCC Bulletin 1999-46, December 13, 1999, https://www.occ.gov/news-issuances/bulletins/1999/bulletin-1999-46a.pdf.
---------------------------------------------------------------------------

    Affected Public: Businesses or other for-profit.
    Burden Estimates:
    Estimated Number of Respondents: 35 national banks and Federal 
savings associations.
    Estimated Annual Burden: 1,827 hours.
    Frequency of Response: On occasion.

[[Page 13793]]

    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 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. 2022-05033 Filed 3-9-22; 8:45 am]
BILLING CODE 4810-33-P
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