[Federal Register Volume 78, Number 62 (Monday, April 1, 2013)]
[Notices]
[Pages 19570-19571]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-07461]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Proposed Information
Collection; Comment Request
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: Notice and Request for comment.
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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. An agency may not conduct or sponsor, and a respondent is not
required to respond to, an information collection unless it displays a
currently valid OMB control number. The OCC is soliciting comment
concerning its information collection titled, ``Community and Economic
Development Entities, Community Development Projects, and Other Public
Welfare Investments--12 CFR part 24.''
DATES: Comments must be submitted on or before May 31, 2013.
[[Page 19571]]
ADDRESSES: Because paper mail in the Washington, DC area and at the OCC
is subject to delay, commenters are encouraged to submit comments by
email if possible. Comments may be sent to: Legislative and Regulatory
Activities Division, Office of the Comptroller of the Currency,
Attention: 1557-0194, 400 7th Street, SW., Suite 3E-218, Mail Stop 9W-
11, Washington, DC 20219. In addition, comments may be sent by fax to
(571) 465-4326 or by electronic mail to [email protected].
You may personally inspect and photocopy comments at the OCC, 400 7th
Street SW., Washington, DC 20219. For security reasons, the OCC
requires that visitors make an appointment to inspect comments. You may
do so by calling (202) 649-6700. Upon arrival, visitors will be
required to present valid government-issued photo identification and to
submit to security screening in order to inspect and photocopy
comments.
All comments received, including attachments and other supporting
materials, are part of the public record and subject to public
disclosure. Do not enclose any information in your comment or
supporting materials that you consider confidential or inappropriate
for public disclosure.
FOR FURTHER INFORMATION CONTACT: You may request additional information
or a copy of the collection from Johnny Vilela or Mary H. Gottlieb, OCC
Clearance Officers, (202) 649-5490, Legislative and Regulatory
Activities Division, Office of the Comptroller of the Currency, 400 7th
Street SW., Suite 3E-218, Mail Stop 9W-11, Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), Federal
agencies must obtain approval from the Office of Management and Budget
(OMB) for each collection of information 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 the PRA (44 U.S.C. 3506(c)(2)(A))
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.
The OCC is proposing to extend the following information
collection:
Title: Community and Economic Development Entities, Community
Development Projects, and Other Public Welfare Investments--12 CFR part
24
OMB Control No.: 1557-0194.
Description: This submission covers an existing regulation and
revisions to the Part 24, 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 an
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 24.5(a)(5) provides that a national bank that is not an
eligible bank, 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
investments.
Section 24.5(b) provides that if a national bank does not meet the
requirements for after-the-fact notification, the bank must submit an
investment proposal to the OCC.
The OCC requests that OMB approve its revised estimates and extend
its approval of the information collection.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals; Businesses or other for-profit.
Estimated Number of Respondents: 880.
Estimated Total Annual Responses: 880.
Frequency of Response: On occasion.
Estimated Total Annual Burden: 1365 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 startup costs and costs of operation,
maintenance, and purchase of services to provide information.
Dated: March 26, 2013.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division,
Office of the Comptroller of the Currency.
[FR Doc. 2013-07461 Filed 3-29-13; 8:45 am]
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