[Federal Register Volume 78, Number 178 (Friday, September 13, 2013)]
[Pages 56770-56771]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-22239]



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.


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 regs.comments@occ.treas.gov. 
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 
    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 

[[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.

     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 
    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 
    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]