[Federal Register Volume 79, Number 172 (Friday, September 5, 2014)]
[Notices]
[Pages 53101-53102]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-21130]


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

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Proposed Information 
Collection; Comment Request; Domestic Credit Card Data

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 general public and other Federal 
agencies to take this opportunity to comment on a new information 
collection, as required by the Paperwork Reduction Act of 1995 (PRA).
    Under the 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 its proposed information collection titled, 
``Domestic Credit Card Data.''

DATES: You should submit written comments by: November 4, 2014.

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-NEW, 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.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
or a copy of the collection from Johnny Vilela or Mary H. Gottlieb, 
(202) 874-5090, for persons who are deaf or hard of hearing, TTY, (202) 
649-5597, Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, 250 E Street SW., Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is requesting approval on its 
proposed information collection:
    Title: Credit Card Data.
    OMB Control Number: To be assigned by OMB.
    Description: This collection involves the provision of monthly 
comprehensive credit card account level data to the OCC. The OCC 
requires this comprehensive credit card data to obtain a detailed 
picture of the activities of national bank credit card issuers. The 
scope of the credit card data includes domestic general purpose, 
private label, and business card portfolios (excluding corporate and 
government). Additionally, it includes credit bureau attributes at the 
account level and portfolio level data. The collection request covers 
all credit card receivables managed by the largest national banks 
credit card issuers and their subsidiaries. The credit card account 
level data requested uses common definitions and data elements for 
asset quality metrics (delinquencies, losses, etc.), forbearance 
activities, and segmentation by credit quality risk indicators (such as 
FICO scores). The credit card portfolio level data request uses common 
definitions and data elements for portfolio performance metrics not 
likely to be captured at the

[[Page 53102]]

account level. The account level data collection frequency is monthly 
with credit attributes collected quarterly; and, the portfolio level 
data collection is quarterly using month-end data for each month in the 
quarter.
    This collection supports OCC's efforts to perform risk-based 
supervision of large banks by enhancing its benchmarking and analytic 
capabilities. Comprehensive credit card data allows early warning 
analysis and benchmarking across the largest federally regulated credit 
card issuers. A standard set of data elements and definitions allows 
sound conclusions to be drawn regarding the credit card industry. The 
data is important and necessary to support supervisory activities to 
ensure the safety and soundness of the federal banking system.
    Type of Review: Regular review.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 17.
    Estimated Annual Responses per Respondent: 12.
    Estimated Burden per Response: 430 hours.
    Estimated Total Annual Burden: 87,720 hours.
    An agency may not conduct or sponsor, and a respondent is not 
required to respond to, an information collection unless the 
information collection displays a currently valid OMB control number.
    Comments submitted in response to this notice will be summarized 
and included in the request for OMB approval. All comments 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 shall have practical utility;
    (b) The accuracy of the OCC's estimate of the burden of the 
collection of information;
    (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 capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: August 18, 2014.
Stuart E. Feldstein,
Director, Legislative & Regulatory Activities Division.
[FR Doc. 2014-21130 Filed 9-4-14; 8:45 am]
BILLING CODE 4810-33-P