[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