[Federal Register Volume 62, Number 87 (Tuesday, May 6, 1997)]
[Notices]
[Pages 24686-24687]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-11711]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Information Collection; Submission for OMB Review; Comment 
Request

AGENCY: Office of the Comptroller of the Currency, Treasury.

ACTION: Submission for OMB review; comment request.

-----------------------------------------------------------------------

SUMMARY: In accordance with the requirements of the Paperwork

[[Page 24687]]

Reduction Act of 1995 (44 U.S.C. Chapter 35), the Office of the 
Comptroller of the Currency (OCC) hereby gives notice that it has sent 
to the Office of Management and Budget (OMB) for review an information 
collection titled Loan Index Information Collection.

DATES: Comments regarding this information collection should be 
submitted to both the OMB Reviewer and the OCC. Comments are due on or 
before June 5, 1997.

ADDRESSES: A copy of the submission may be obtained by calling the OCC 
Contact listed. Direct all written comments to the Communications 
Division, Attention: 1557-LOAN, Third Floor, Office of the Comptroller 
of the Currency, 250 E Street, SW, Washington, DC 20219. In addition, 
comments may be sent by facsimile transmission to (202) 874-5274, or by 
electronic mail to [email protected]. Comments should also be 
submitted to Alexander Hunt, Office of Management and Budget, 
Attention: 1557-LOAN, Room 10226, New Executive Office Building, 
Washington, DC 20503.

SUPPLEMENTARY INFORMATION:

    OMB Number: 1557-LOAN.
    Form Number: Not applicable.
    Type of Review: New collection.
    Title: Loan Index Information Collection.
    Description: Effective implementation of the OCC's Supervision by 
Risk Program requires the OCC to identify and evaluate movements and 
trends in the loan underwriting standards applied by national banks. 
The OCC therefore proposes to collect data on loan underwriting 
standards or benchmarks on a variety of loan products. Every quarter, 
the OCC will collect data on loans made or renewed the previous 
quarter. The data will be collected by examiners who will review bank 
documents, including loan files. If practicable, information gathered 
as part of this collection may be used to reduce the scope of loan 
reviews conducted during regularly scheduled examinations.
    This collection will not require banks to gather, maintain, or 
provide data in a specified format. OCC examiners will gather 
information from existing bank documents. The estimated burden on banks 
results from planned examiner discussions with bank management 
regarding the bank's projections for loan product volume and quality, 
and examiner requests for assistance in locating files.
    Data will be collected for eleven categories of loan products 
(i.e., real estate project finance, home mortgages and home equity 
lines, credit cards, direct automobile). Data on more than one category 
of loan product may be collected from a single bank.
    The data will be used by the OCC as a supervisory tool. The OCC 
will analyze the data to identify benchmarks in underwriting for the 
loan products it reviews and to assess the impact of changes or trends 
in underwriting on the national banking system. The OCC's analysis will 
enhance the effectiveness of the risk-focused approach to supervising 
banks, enable the OCC to provide useful, aggregate information about 
underwriting benchmarks and trends to national banks and examiners, and 
enable the OCC to develop and issue timely system-wide guidance as 
appropriate.

    Respondents: Businesses or other for-profit; individuals
    Number of Respondents: 242.
    Total Annual Responses: 888.
    Frequency of Response: Quarterly, except agriculture loan data 
which is semiannual.
    Estimated Total Annual Burden: 1,332.
    OCC Contact: Jessie Gates or Dionne Walsh, (202) 874-5090, 
Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219.
    OMB Reviewer: Alexander Hunt, (202) 395-7340, Paperwork Reduction 
Project 1557-LOAN, Office of Management and Budget, Room 10226, New 
Executive Office Building, Washington, DC 20503.
    The OCC may not conduct or sponsor, and a respondent is not 
required to respond to, an information collection that has been 
extended, revised, or implemented on or after October 1, 1995, unless 
it displays a currently valid OMB control number. Comments are invited 
on: (a) Whether the proposed collection is necessary for the proper 
performance of the OCC's functions, including whether the information 
has practical utility; (b) the accuracy of the OCC's estimate of the 
burden of the information collection, including the validity of the 
methodology and assumptions used; (c) ways to enhance the quality, 
utility, and clarity of the information; (d) ways to minimize the 
burden of the information 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 the information.

    Dated: April 30, 1997.
Karen Solomon,
Director, Legislative & Regulatory Activities Division.
[FR Doc. 97-11711 Filed 5-5-97; 8:45 am]
BILLING CODE 4810-33-P