[Federal Register Volume 84, Number 87 (Monday, May 6, 2019)]
[Notices]
[Pages 19827-19829]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-09137]
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DEPARTMENT OF THE TREASURY
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.
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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 the opportunity to comment on the renewal of an
information collection, as required by the Paperwork Reduction Act of
1995 (PRA).
[[Page 19828]]
An agency may not conduct or sponsor, and respondents are 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 July 5, 2019.
ADDRESSES: Commenters are encouraged to submit comments by email, if
possible. You may submit comments by any of the following methods:
Email: [email protected].
Mail: Chief Counsel's Office, Office of the Comptroller of
the Currency, Attention: 1557-0221, 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Fax: (571) 465-4326.
Instructions: You must include ``OCC'' as the agency name and
``1557-0221'' in your comment. In general, the OCC will publish
comments on www.reginfo.gov without change, including any business or
personal information provided, such as name and address information,
email addresses, or phone numbers. Comments received, including
attachments and other supporting materials, are part of the public
record and subject to public disclosure. Do not include any information
in your comment or supporting materials that you consider confidential
or inappropriate for public disclosure.
You may review comments and other related materials that pertain to
this information collection beginning on the date of publication of the
second notice for this collection \1\ by any of the following methods:
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\1\ Following the close of the 60-day comment period for this
notice, the OCC will publish a notice for 30 days of comment for
this collection.
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Viewing Comments Electronically: Go to www.reginfo.gov.
Click on the ``Information Collection Review'' tab. Underneath the
``Currently under Review'' section heading, from the drop-down menu,
select ``Department of Treasury'' and then click ``submit.'' This
information collection can be located by searching by OMB control
number ``1557-0221'' or ``Lending Limits.'' Upon finding the
appropriate information collection, click on the related ``ICR
Reference Number.'' On the next screen, select ``View Supporting
Statement and Other Documents'' and then click on the link to any
comment listed at the bottom of the screen.
For assistance in navigating www.reginfo.gov, please
contact the Regulatory Information Service Center at (202) 482-7340.
Viewing Comments Personally: You may personally inspect
comments at the OCC, 400 7th Street SW, Washington, DC. For security
reasons, the OCC requires that visitors make an appointment to inspect
comments. You may do so by calling (202) 649-6700 or, for persons who
are deaf or hearing impaired, TTY, (202) 649-5597. Upon arrival,
visitors will be required to present valid government-issued photo
identification and submit to security screening in order to inspect
comments.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer,
(202) 649-5490 or, for persons who are deaf or hearing impaired, TTY,
(202) 649-5597, Chief Counsel's Office, Office of the Comptroller of
the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501 et seq.),
federal agencies must obtain approval from the OMB for each collection
of information that 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 title 44 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 renewal of the collection of information set
forth in this document.
Title: Lending Limits.
OMB Control No.: 1557-0221.
Affected Public: Businesses or other for-profit.
Type of Review: Extension of a currently approved collection.
Abstract: 12 CFR 32.7(a) provides that, in addition to the amount
that a national bank or savings association may lend to one borrower
under 12 CFR 32.3, an eligible national bank or savings association may
make:
(1) Residential real estate loans or extensions of credit to one
borrower in the lesser of the following two amounts: 10 percent of its
capital and surplus; or the percent of its capital and surplus, in
excess of 15 percent, that a state bank or savings association is
permitted to lend under the state lending limit that is available for
residential real estate loans or unsecured loans in the state where the
main office of the national bank or savings association is located;
(2) Small business loans or extensions of credit to one borrower in
the lesser of the following two amounts: 10 percent of its capital and
surplus; or the percent of its capital and surplus, in excess of 15
percent, that a state bank is permitted to lend under the state lending
limit that is available for small business loans or unsecured loans in
the state where the main office of the national bank or home office of
the savings association is located; and
(3) Small farm loans or extensions of credit to one borrower in the
lesser of the following two amounts: 10 percent of its capital and
surplus; or the percent of its capital and surplus, in excess of 15
percent, that a state bank or savings association is permitted to lend
under the state lending limit that is available for small farm loans or
unsecured loans in the state where the main office of the national bank
or savings association is located.
An eligible national bank or savings association must submit an
application to, and receive approval from, its supervisory office
before using the supplemental lending limits in Sec. 32.7(a). The
supervisory office may approve a completed application if it finds that
approval is consistent with safety and soundness. Section 32.7(b)
provides that the application must include:
(1) Certification that the national bank or savings association is
an eligible bank or eligible savings association;
(2) Citations to relevant state laws or regulations;
(3) A copy of a written resolution by a majority of the bank's or
savings association's board of directors approving the use of the
limits and confirming the terms and conditions for use of this lending
authority; and
(4) A description of how the board will exercise its continuing
responsibility to oversee the use of this lending authority.
Twelve CFR 32.9(b) provides national banks and savings associations
with three alternative methods for calculating the credit exposure of
non-credit derivative transactions (the Internal Model Method, the
Conversion Factor Matrix Method, and the Current Exposure Method) and
two alternative methods for calculating such exposure for securities
financing transactions. The OCC provided these alternative methods to
reduce the practical burden of such calculations, particularly for
small and mid-size banks and savings associations.
[[Page 19829]]
Under 12 CFR 32.9(b)(1)(i)(C)(1), the use of a model (other than
the model approved for purposes of the Advanced Measurement Approach in
the capital rules) must be approved in advance and in writing by the
OCC specifically for part 32 purposes. If a national bank or federal
savings association proposes to use an internal model that has been
approved by the OCC for purposes of the Advanced Measurement Approach,
the institution must provide prior written notification to the OCC
prior to use of the model for lending limits purposes. OCC approval
also is required before any substantive revisions are made to a model
that is used for lending limits purposes.
Estimated Number of Respondents: 295.
Estimated Annual Burden: 1,958 hours.
All comments will be considered in formulating the subsequent
submission and 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 capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Dated: April 30, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2019-09137 Filed 5-3-19; 8:45 am]
BILLING CODE 4810-33-P