[Federal Register Volume 78, Number 178 (Friday, September 13, 2013)]
[Notices]
[Pages 56770-56771]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-22239]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Lending Limits
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 public and other Federal agencies to
comment on the renewal of an information collection, as required by the
Paperwork Reduction Act of 1995. Under the Paperwork Reduction Act of
1995 (PRA), Federal agencies are required to publish notice in the
Federal Register concerning each proposed collection of information,
including each proposed extension of an existing collection of
information and to allow 60 days for public comment in response to the
notice. 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 renewal of its information collection titled,
``Lending Limits.''
DATES: Comments must be submitted on or before November 12, 2013.
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: 1557-0317, 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
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 OMB for each collection of
information
[[Page 56771]]
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.
SUPPLEMENTARY INFORMATION:
Title: Lending Limits--12 CFR 32.9.
Type of Review: Extension, without revision, of a currently
approved collection.
OMB Control Number: 1557-0317.
Description: The OCC received emergency approval for this
collection on August 21, 2013 and is now seeking a three-year
clearance.
Pursuant to section 610 of the Dodd-Frank Wall Street Reform and
Consumer Protection Act of 2010, Public Law 111-203, 124 Stat. 1376
(2010), the OCC added 12 CFR 32.9 to its lending limits regulation to
cover credit exposures arising from derivative transactions and
securities financing transactions. Twelve CFR 32.9 provides national
banks and savings associations with three alternative methods for
calculating the credit exposure of derivative transactions other than
credit derivatives, a special rule for measuring the credit exposure of
credit derivatives, and three alternative methods for calculating such
exposure for securities financing transactions. The OCC provided these
different methods to reduce the practical burden of such calculations,
particularly for smaller and mid-size national banks and savings
associations.
One method available for both derivative transactions and
securities financing transactions is the Internal Model Method. Under
this method, the use of a model (other than a model for which use has
been approved for purposes of the Advanced Measurement Approach in the
capital rules) must be approved in writing by the OCC (in the case of
national banks and Federal savings associations) or the Federal Deposit
Insurance Corporation (in the case of State savings associations)
specifically for lending limits purposes. If a national bank or savings
association proposes to use an internal model for which use has been
approved for purposes of the Advanced Measurement Approach, the
institution must provide written notification to the OCC or FDIC, as
appropriate, prior to use of the model for lending limits purposes.
Section 32.9 also requires OCC or FDIC approval of any substantive
revisions to a model previously approved for lending limits purposes,
or for which notice of its use for lending limits purposes had been
previously provided, before the institution may use the revised model.
Affected Public: Businesses or other for-profit.
Burden Estimates:
Estimated Number of Respondents: 238.
Estimated Number of Responses per Respondent: 2.
Estimated Annual Burden: 476 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 the capital or start-up costs and the costs
associated with the operation, maintenance, and acquisition of services
necessary to provide the required information.
Dated: September 6, 2013.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 2013-22239 Filed 9-12-13; 8:45 am]
BILLING CODE 4810-33-P