[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