Notice2022-13762
Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Interagency Guidance on Asset Securitization Activities
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 28, 2022
Issuing agencies
Treasury DepartmentComptroller of the Currency
Abstract
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to 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 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 "Interagency Guidance on Asset Securitization Activities." The OCC also is giving notice that it has sent the collection to OMB for review.
Full Text
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<title>Federal Register, Volume 87 Issue 123 (Tuesday, June 28, 2022)</title>
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[Federal Register Volume 87, Number 123 (Tuesday, June 28, 2022)]
[Notices]
[Pages 38455-38456]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-13762]
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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; Interagency Guidance on Asset
Securitization Activities
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 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
respondents are not required to respond to, an information collection
unless it
[[Page 38456]]
displays a currently valid Office of Management and Budget (OMB)
control number. The OCC is soliciting comment concerning renewal of its
information collection titled ``Interagency Guidance on Asset
Securitization Activities.'' The OCC also is giving notice that it has
sent the collection to OMB for review.
DATES: Comments must be submitted on or before July 28, 2022.
ADDRESSES: Commenters are encouraged to submit comments by email, if
possible. You may submit comments by any of the following methods:
<bullet> Email: <a href="/cdn-cgi/l/email-protection#cebebcafa7a0a8a18ea1adade0babcabafbde0a9a1b8"><span class="__cf_email__" data-cfemail="dcacaebdb5b2bab39cb3bfbff2a8aeb9bdaff2bbb3aa">[email protected]</span></a>.
<bullet> Mail: Chief Counsel's Office, Attention: Comment
Processing, 1557-0217, Office of the Comptroller of the Currency, 400
7th Street SW, Suite 3E-218, Washington, DC 20219.
<bullet> Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
<bullet> Fax: (571) 465-4326.
Instructions: You must include ``OCC'' as the agency name and
``1557-0217'' in your comment. In general, the OCC will publish
comments on <a href="http://www.reginfo.gov">www.reginfo.gov</a> 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 <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
On March 10, 2022, the OCC published a 60-day notice for this
information collection, 87 FR 13792. 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.
<bullet> Viewing Comments Electronically: Go to <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
Hover over the ``Information Collection Review'' tab and click on
``Information Collection Review'' 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 ``1557-0217'' or ``Interagency Guidance
on Asset Securitization Activities.'' 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.
<bullet> For assistance in navigating <a href="http://www.reginfo.gov">www.reginfo.gov</a>, please
contact the Regulatory Information Service Center at (202) 482-7340.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC 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. 3501-3520), Federal
agencies must obtain approval from 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 notice.
Title: Interagency Guidance on Asset Securitization Activities.
OMB Control No.: 1557-0217.
Type of Review: Regular.
Description: In 1999, the OCC issued the Interagency Guidance on
Asset Securitization Activities \1\ (guidance) in response to a
determination that some institutions involved in asset securitization
activities had significant weaknesses in their asset securitization
practices. The information collection contained in the guidance applies
to financial institutions engaged in asset securitization activities
and provides that any institution engaged in these activities should
maintain a written asset securitization policy, document the fair value
of retained interests, and maintain a management information system to
monitor asset securitization activities. Financial institution
management uses the information collected to ensure the safe and sound
operation of the institution's asset securitization activities. The OCC
uses the information to evaluate the quality of an institution's risk
management practices.
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\1\ OCC Bulletin 1999-46, December 13, 1999, <a href="https://www.occ.gov/news-issuances/bulletins/1999/bulletin-1999-46a.pdf">https://www.occ.gov/news-issuances/bulletins/1999/bulletin-1999-46a.pdf</a>.
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Affected Public: Businesses or other for-profit.
Burden Estimates:
Estimated Number of Respondents: 35 national banks and Federal
savings associations.
Estimated Annual Burden: 1,827 hours.
Frequency of Response: On occasion.
On March 10, 2022, the OCC published a 60-day notice for this
information collection, 87 FR 13792. No comments were received.
Comments continue to be solicited 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. 2022-13762 Filed 6-27-22; 8:45 am]
BILLING CODE 4810-33-P
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