Notice2022-14585
Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Lending Limits
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
July 8, 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 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.
Full Text
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<title>Federal Register, Volume 87 Issue 130 (Friday, July 8, 2022)</title>
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[Federal Register Volume 87, Number 130 (Friday, July 8, 2022)]
[Notices]
[Pages 40878-40879]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[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:
<bullet> Email: <a href="/cdn-cgi/l/email-protection#58282a3931363e3718373b3b762c2a3d392b763f372e"><span class="__cf_email__" data-cfemail="39494b5850575f5679565a5a174d4b5c584a175e564f">[email protected]</span></a>.
<bullet> 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.
<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
``1557-0221'' 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 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.
<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'' 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.
<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, 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:
<bullet> 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;
<bullet> 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
<bullet> 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:
<bullet> Certification that the bank or savings association is an
``eligible bank'' or ``eligible savings association;''
<bullet> Citations to relevant state laws or regulations;
<bullet> 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
<bullet> 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
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