[Federal Register Volume 87, Number 130 (Friday, July 8, 2022)]
[Notices]
[Pages 40878-40879]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-14585]


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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 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). 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.'' The OCC also is 
giving notice that it has sent the collection to OMB for review.

DATES: Comments must be submitted on or before August 8, 2022.

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, Attention: Comment 
Processing, 1557-0221, Office of the Comptroller of the Currency, 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.
    Written comments and recommendations for the proposed information 
collection should also be sent within 30 days of publication of this 
notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
    On April 8, 2022, the OCC published a 60-day notice for this 
information collection, 87 FR 20935. You may review comments and other 
related materials that pertain to this information collection following 
the close of the 30-day comment period for this notice by the method 
set forth in the next bullet.
     Viewing Comments Electronically: Go to www.reginfo.gov. 
Hover over the ``Information Collection Review'' tab and click on 
``Information Collection Review'' from the drop-down menu. From the 
``Currently under Review'' 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.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer, 
(202) 649-5490, Chief Counsel's Office, Office of the Comptroller of 
the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219. If 
you are deaf, hard of hearing, or have a speech disability, please dial 
7-1-1 to access telecommunications relay services.

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. 
The OCC asks that OMB extend its approval of the collection 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: Twelve 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 bank or savings association may 
make:
     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

[[Page 40879]]

loans or unsecured loans in the State where the main office of the 
national bank or savings association is located. Any such loan or 
extension of credit must be secured by a perfected first-lien security 
interest in 1-4 family real estate in an amount that does not exceed 80 
percent of the appraised value of the collateral at the time the loan 
or extension of credit is made;
     Loans to small businesses 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 loans to small businesses or unsecured loans in the State 
where the main office of the national bank or home office of the 
savings association is located; and
     Loans or extensions of credit to small farms 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 
loans or extensions of credit to small farms 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 12 CFR 32.7(a)(1)-(3). 
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, in order for an application to be deemed complete, the 
application must include:
     Certification that the bank or savings association is an 
``eligible bank'' or ``eligible savings association;''
     Citations to relevant state laws or regulations;
     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 in Sec.  32.7(a) and confirming the terms and conditions for use 
of this lending authority; and
     A description of how the board will exercise its 
continuing responsibility to oversee the use of this lending authority.
    Twelve CFR 32.9(b)(1) outlines three alternative methods (the 
Internal Model Method, the Conversion Factor Matrix Method, and the 
Current Exposure Method) for national banks and savings associations to 
use in calculating the credit exposure to a counterparty of non-credit 
derivative transactions. Twelve CFR 32.9(c) outlines two alternative 
methods for national banks and savings associations to use in 
calculating credit exposure arising from their securities financing 
transactions (the Internal Model Method and the Basic Method).
    Under 12 CFR 32.9(b)(1)(i)(C), 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 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 is also 
required for any substantive revisions to an approved model before that 
model is used for lending limit purposes.
    Estimated Number of Respondents: 295.
    Estimated Annual Burden: 1,958 hours.
    On April 8, 2022, the OCC published a 60-day notice for this 
information collection, 87 FR 20935. 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 capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2022-14585 Filed 7-7-22; 8:45 am]
BILLING CODE 4810-33-P