[Federal Register Volume 78, Number 225 (Thursday, November 21, 2013)]
[Notices]
[Pages 69934-69935]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-27872]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Submission for OMB Review; 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 (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 renewal of its information
collection titled, ``Lending Limits.'' The OCC is also giving notice
that it has submitted the collection to OMB for review.
DATES: Comments must be submitted on or before December 23, 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.
Additionally, please send a copy of your comments by mail to: OCC
Desk Officer, 1557-0317, U.S. Office of Management and Budget, 725 17th
Street NW., 10235, Washington, DC 20503, or by email to: oira
[email protected].
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: The OCC is seeking to renew, without change,
the following collection:
Title: Lending Limits--12 CFR 32.9.
Type of Review: Extension, without revision, of a currently
approved collection.
OMB Control Number: 1557-0317.
Description: 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 Sec. 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 in order 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 limit 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 previously
had been provided, before the institution may use the revised model.
Affected Public: Businesses or other for-profit.
Burden Estimates: Estimated Number of Respondents: 238.
[[Page 69935]]
Estimated Number of Responses per Respondent: 2.
Estimated Annual Burden: 476 hours.
Frequency of Response: On occasion.
Comments: The OCC issued a notice for 60 days of comment concerning
the collection. 78 FR 56770 (September 13, 2013). 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 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: November 15, 2013.
Stuart E. Feldstein,
Director, Legislative and Regulatory Activities Division.
[FR Doc. 2013-27872 Filed 11-20-13; 8:45 am]
BILLING CODE 4810-33-P