[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]
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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.
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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