[Federal Register Volume 90, Number 110 (Tuesday, June 10, 2025)]
[Notices]
[Pages 24488-24489]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-10497]
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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 comment on a continuing 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 the renewal of its information collection titled,
``Lending Limits.''
DATES: Comments must be received by August 11, 2025.
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, 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) 293-4835.
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.
Following the close of this notice's 60-day comment period, the OCC
will publish a second notice with a 30-day comment period. 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 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 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, Washington, DC 20219. If you are deaf,
[[Page 24489]]
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.
Section 3506(c)(2)(A) of title 44 generally 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/revision of this collection.
Title: Lending Limits.
OMB Control No.: 1557-0221.
Type of Review: Regular.
Affected Public: Businesses or other for-profit.
Description: 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 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 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.
Under 12 CFR 32.9(b)(1)(i)(C), the use of a model (other than the
model approved for purposes of 12 CFR 3.132(d) or 324.132(d)) must be
approved 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 12 CFR 3.132(d) or
324.132(d), 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 for any substantive revisions to an approved
model before that model is used for lending limit purposes.
Estimated Frequency of Response: On occasion.
Estimated Number of Respondents: 295.
Estimated Total Annual Burden: 1,958 hours.
Comments submitted in response to this notice will be summarized
and included in the request for OMB approval. All comments will 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 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.
Patrick T. Tierney,
Assistant Director, Office of the Comptroller of the Currency.
[FR Doc. 2025-10497 Filed 6-9-25; 8:45 am]
BILLING CODE P