Agency Information Collection Activities: Information Collection Renewal; Comment Request; Extensions of Credit to Insiders and Transactions With Affiliates, 51487-51488 [2022-18004]
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Federal Register / Vol. 87, No. 161 / Monday, August 22, 2022 / Notices
system containing the records in this
system is limited to individuals who
have a need to know the information for
the performance of their official duties
and who have appropriate clearances or
permissions. Authorized users must use
DOT/FAA issued PIV cards to access
records, and all user activities on the
system is captured in audit logs.
DEPARTMENT OF THE TREASURY
RECORD ACCESS PROCEDURES:
AGENCY:
Individuals seeking notification of
whether this system of records contains
information about them may contact the
System Manager at https://www.faa.gov/
about/office_org/headquarters_offices/
ash/contacts/. When seeking records
about yourself from this system of
records or any other Departmental
system of records your request must
conform to the Privacy Act regulations
set forth in 49 CFR part 10. You must
sign your request, and your signature
must either be notarized or submitted
under 28 U.S.C. 1746, a law that permits
statements to be made under penalty of
perjury as a substitute for notarization.
If your request is seeking records
pertaining to another living individual,
you must include a statement from that
individual certifying his/her agreement
for you to access his/her records.
CONTESTING RECORD PROCEDURES:
See ‘‘Records Access Procedures’’
above.
NOTIFICATION PROCEDURE:
See ‘‘Records Access Procedures’’
above.
EXEMPTIONS PROMULGATED FOR THE SYSTEM:
This system of records is exempted
from certain provisions of the Privacy
Act. The purpose of the exemptions is
to protect investigatory materials
compiled for non-criminal law
enforcement purposes. The exemptions
claimed for this system are pursuant to
5 U.S.C. 552a (k)(1), (k)(2) and (k)(5).
HISTORY:
jspears on DSK121TN23PROD with NOTICES
A full notice of this system of records,
DOT/FAA 815, Investigative Tracking
System, was published in the Federal
Register on April 11, 2000 (65 FR
19520).
Issued in Washington, DC.
Karyn Gorman,
Acting Departmental Chief Privacy Officer.
[FR Doc. 2022–17943 Filed 8–19–22; 8:45 am]
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Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request;
Extensions of Credit to Insiders and
Transactions With Affiliates
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
The OCC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites
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 its
information collection titled,
‘‘Extensions of Credit to Insiders and
Transactions with Affiliates.’’
DATES: You should submit comments by
October 21, 2022.
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: 1557–0336, 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–
0336’’ 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
SUMMARY:
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51487
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’’ drop
down menu. Click on ‘‘Information
Collection Review.’’ From the
‘‘Currently under Review’’ drop-down
menu, select ‘‘Department of Treasury’’
and then click ‘‘submit.’’ This
information collection can be located by
searching by OMB control number
‘‘1557–0336’’ or ‘‘Extensions of Credit to
Insiders and Transactions with
Affiliates.’’ 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 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
and/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 renewal of
this collection of information.
Title: Extensions of Credit to Insiders
and Transactions with Affiliates.
OMB Number: 1557–0336.
Description: National banks and
Federal savings associations must
comply with rules of the Board of
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51488
Federal Register / Vol. 87, No. 161 / Monday, August 22, 2022 / Notices
Governors of the Federal Reserve
System (Board) regarding extensions of
credit to insiders (Regulation O) 1 and
transactions with affiliates (Regulation
W),2 which implement section 22 and
sections 23A and 23B, respectively, of
the Federal Reserve Act (FRA).3 12 CFR
part 31 addresses these transactions for
national banks and Federal savings
associations. Specifically, 12 CFR 31.2
requires national banks and Federal
savings associations to comply with
Regulation O, and 12 CFR 31.3 requires
national banks and Federal savings
associations to comply with Regulation
W. Appendix A to part 31 provides
interpretive guidance on the application
of Regulation W to deposits between
affiliated banks.
12 CFR 31.3(c) implements the
statutory standards for authorizing an
exemption from section 23A of the FRA
or section 11 of the Home Owners’ Loan
Act (HOLA) 4 in accordance with
section 608 of the Dodd Frank Wall
Street Reform and Consumer Protection
Act (Dodd-Frank Act). Section 608,
which became effective on July 21,
2012, amended section 23A of the FRA
and section 11 of the HOLA to authorize
the OCC to exempt, by order, a
transaction of a national bank or Federal
savings association, respectively, from
the affiliate transaction requirements of
section 23A and section 11 of the HOLA
if: (1) the OCC and the Board jointly
find the exemption to be in the public
interest and consistent with the
purposes of section 23A or section 11
and (2) within 60 days of receiving
notice of such finding, the Federal
Deposit Insurance Corporation does not
object in writing to the finding. Such
objection would be based on a
determination that the exemption
presents an unacceptable risk to the
Deposit Insurance Fund.5
12 CFR 31.3(d) sets forth procedures
that a national bank and Federal savings
association must follow to request such
exemptions. These procedures are
modeled after the Board’s procedures in
Regulation W. A national bank or
Federal savings association may request
an exemption from the requirements of
section 23A or section 11 of the HOLA,
as applicable, and 12 CFR part 223 by
submitting a written request to the
1 12
CFR part 215.
CFR part 223.
3 12 U.S.C. 371c, 371c–1, 375a, and 375b. In
addition, section 11 of the Home Owners’ Loan Act,
12 U.S.C. 1468, includes certain restrictions on
transactions with affiliates that are not included in
FRA section 23A.
4 12 U.S.C. 1468.
5 See section 608(a)(4)(A)(iv) of the Dodd-Frank
Act (exemptive authority for national banks) and
section 608(c) of the Dodd-Frank Act (exemptive
authority for Federal savings associations).
Deputy Comptroller for Licensing with
a copy to the appropriate Federal
Reserve Bank. The request must:
(1) Describe in detail the transaction
or relationship for which the national
bank or Federal savings association
seeks an exemption;
(2) Explain why the OCC should
exempt the transaction or relationship;
(3) Explain how the exemption would
be in the public interest and consistent
with the purposes of section 23A or
section 11 of the HOLA, as applicable;
and
(4) Explain why the exemption does
not present an unacceptable risk to the
Deposit Insurance Fund.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit.
Estimated Number of Respondents: 1.
Estimated Frequency of Response: On
occasion.
Estimated Total Annual Burden: 10
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
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.
Patrick T. Tierney,
Assistant Director, Bank Advisory, Office of
the Comptroller of the Currency.
[FR Doc. 2022–18004 Filed 8–19–22; 8:45 am]
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DEPARTMENT OF THE TREASURY
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Internal Revenue Service
Senior Executive Service Performance
Review Board
Internal Revenue Service (IRS),
Department of the Treasury.
ACTION: Notice.
AGENCY:
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To announce a list of senior
executives who comprise a standing
roster that will serve on IRS’s Fiscal
Year 2022 Senior Executive Service
(SES) Performance Review Boards.
DATES: This list is effective September 1,
2022.
FOR FURTHER INFORMATION CONTACT:
Sharnetta A. Walton, Director, Office of
Executive Services at (202) 317–3817 or
Malaika Green, Deputy Director, Office
of Executive Services at (202) 317–3823,
IRS, 1111 Constitution Avenue NW,
Washington, DC 20224.
SUPPLEMENTARY INFORMATION: Pursuant
to 5 U.S.C. 4314(c)(4), this board shall
review and evaluate the initial
appraisals of career senior executives’
performance and provide
recommendations to the appointing
authority on performance ratings, pay
adjustments and performance awards.
The senior executives are as follows:
Victor M. Aledo-Garcia
David P. Alito
Todd A. Anthony
Shahid A. Babar
Scott A. Ballint
Robert J. Bedoya
Michael C. Beebe
Jennifer L. Best
Julia W. Caldwell
Carol A. Campbell
Anthony S. Chavez
Robert Choi
James P. Clifford
Amalia C. Colbert
Erin M. Collins
Lucinda J. Comegys
Kenneth C. Corbin
Robert S. Cox
Thomas A. Cullinan
Brenda A. Dial
Joseph Dianto
Donald C. Drake
Sheila A. Eason
Guy A. Ficco
James L. Fish
Sharyn M. Fisk
Nikole C. Flax
Julie A. Foerster
Jeff D. Gill
Linda K. Gilpin
Dietra D. Grant
Darren J. Guillot
Valerie A. Gunter
Todd L. Harber
Barbara Harris
Keith A. Henley
Robert E. Hill
John E. Hinding
John W. Hinman
Carrie Y. Holland
Karen S. Howard
Teresa R. Hunter
Scott E. Irick
Nikki C. Johnson
William H. Kea, Jr.
SUMMARY:
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Agencies
[Federal Register Volume 87, Number 161 (Monday, August 22, 2022)]
[Notices]
[Pages 51487-51488]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-18004]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Extensions of Credit to Insiders and
Transactions With Affiliates
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 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 its information collection titled, ``Extensions of
Credit to Insiders and Transactions with Affiliates.''
DATES: You should submit comments by October 21, 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-
0336, 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
``1557-0336'' 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'' drop down menu. Click
on ``Information Collection Review.'' From the ``Currently under
Review'' drop-down menu, select ``Department of Treasury'' and then
click ``submit.'' This information collection can be located by
searching by OMB control number ``1557-0336'' or ``Extensions of Credit
to Insiders and Transactions with Affiliates.'' 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 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 and/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 renewal of this collection of information.
Title: Extensions of Credit to Insiders and Transactions with
Affiliates.
OMB Number: 1557-0336.
Description: National banks and Federal savings associations must
comply with rules of the Board of
[[Page 51488]]
Governors of the Federal Reserve System (Board) regarding extensions of
credit to insiders (Regulation O) \1\ and transactions with affiliates
(Regulation W),\2\ which implement section 22 and sections 23A and 23B,
respectively, of the Federal Reserve Act (FRA).\3\ 12 CFR part 31
addresses these transactions for national banks and Federal savings
associations. Specifically, 12 CFR 31.2 requires national banks and
Federal savings associations to comply with Regulation O, and 12 CFR
31.3 requires national banks and Federal savings associations to comply
with Regulation W. Appendix A to part 31 provides interpretive guidance
on the application of Regulation W to deposits between affiliated
banks.
---------------------------------------------------------------------------
\1\ 12 CFR part 215.
\2\ 12 CFR part 223.
\3\ 12 U.S.C. 371c, 371c-1, 375a, and 375b. In addition, section
11 of the Home Owners' Loan Act, 12 U.S.C. 1468, includes certain
restrictions on transactions with affiliates that are not included
in FRA section 23A.
---------------------------------------------------------------------------
12 CFR 31.3(c) implements the statutory standards for authorizing
an exemption from section 23A of the FRA or section 11 of the Home
Owners' Loan Act (HOLA) \4\ in accordance with section 608 of the Dodd
Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
Section 608, which became effective on July 21, 2012, amended section
23A of the FRA and section 11 of the HOLA to authorize the OCC to
exempt, by order, a transaction of a national bank or Federal savings
association, respectively, from the affiliate transaction requirements
of section 23A and section 11 of the HOLA if: (1) the OCC and the Board
jointly find the exemption to be in the public interest and consistent
with the purposes of section 23A or section 11 and (2) within 60 days
of receiving notice of such finding, the Federal Deposit Insurance
Corporation does not object in writing to the finding. Such objection
would be based on a determination that the exemption presents an
unacceptable risk to the Deposit Insurance Fund.\5\
---------------------------------------------------------------------------
\4\ 12 U.S.C. 1468.
\5\ See section 608(a)(4)(A)(iv) of the Dodd-Frank Act
(exemptive authority for national banks) and section 608(c) of the
Dodd-Frank Act (exemptive authority for Federal savings
associations).
---------------------------------------------------------------------------
12 CFR 31.3(d) sets forth procedures that a national bank and
Federal savings association must follow to request such exemptions.
These procedures are modeled after the Board's procedures in Regulation
W. A national bank or Federal savings association may request an
exemption from the requirements of section 23A or section 11 of the
HOLA, as applicable, and 12 CFR part 223 by submitting a written
request to the Deputy Comptroller for Licensing with a copy to the
appropriate Federal Reserve Bank. The request must:
(1) Describe in detail the transaction or relationship for which
the national bank or Federal savings association seeks an exemption;
(2) Explain why the OCC should exempt the transaction or
relationship;
(3) Explain how the exemption would be in the public interest and
consistent with the purposes of section 23A or section 11 of the HOLA,
as applicable; and
(4) Explain why the exemption does not present an unacceptable risk
to the Deposit Insurance Fund.
Type of Review: Regular.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 1.
Estimated Frequency of Response: On occasion.
Estimated Total Annual Burden: 10 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 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.
Patrick T. Tierney,
Assistant Director, Bank Advisory, Office of the Comptroller of the
Currency.
[FR Doc. 2022-18004 Filed 8-19-22; 8:45 am]
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