Notice2025-20960
Agency Information Collection Activities: Information Collection Renewal; Comment Request; Extensions of Credit to Insiders and Transactions With Affiliates
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
November 25, 2025
Issuing agencies
Treasury DepartmentComptroller of the Currency
Abstract
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, "Extensions of Credit to Insiders and Transactions with Affiliates."
Full Text
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<title>Federal Register, Volume 90 Issue 225 (Tuesday, November 25, 2025)</title>
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[Federal Register Volume 90, Number 225 (Tuesday, November 25, 2025)]
[Notices]
[Pages 53419-53420]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-20960]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Extensions of Credit to Insiders and
Transactions With Affiliates
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,
``Extensions of Credit to Insiders and Transactions with Affiliates.''
DATES: Comments must be received by January 26, 2026.
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#94e4e6f5fdfaf2fbd4fbf7f7bae0e6f1f5e7baf3fbe2"><span class="__cf_email__" data-cfemail="d2a2a0b3bbbcb4bd92bdb1b1fca6a0b7b3a1fcb5bda4">[email protected]</span></a>.
<bullet> Mail: Chief Counsel's Office, Attention: Comment
Processing, Office of the Comptroller of the Currency, Attention: 1557-
0336, 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) 293-4835.
Instructions: You must include ``OCC'' as the agency name and
``1557-0336'' 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.
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.
<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 the
Treasury'' and then click ``submit.'' This information collection can
be located by searching OMB control number ``1557-0336'' or
``Extensions of Credit to Insiders and Transactions with Affiliates.''
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, 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, imposed on ten or more
persons, 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 of this collection.
Title: Extensions of Credit to Insiders and Transactions with
Affiliates.
OMB Control No.: 1557-0336.
Type of Review: Regular.
Affected Public: Businesses or other for-profit.
Description: National banks and Federal savings associations must
comply with rules of the Federal Reserve Board (Board) regarding
extensions of credit to insiders (Regulation O) \1\ and transactions
with affiliates (Regulation W),\2\ which implement section 22(h) and
sections 23A and 23B, respectively, of the Federal Reserve Act
(FRA).\3\ Twelve CFR part 31.2 requires national banks, Federal savings
associations, and their insiders to comply with Regulation O, and 12
CFR 31.3 requires national banks and Federal savings associations to
comply with Regulation W. A to part 31 provides interpretive guidance
on the application of Regulation W to deposits between affiliated
banks.
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\1\ 12 CFR part 215.
\2\ 12 CFR part 223.
\3\ 12 U.S.C. 371c, 371c-1, 375a, and 375b. In addition, section
11 of the Home Owners' Loan Act, 12 U.S.C. 1468, includes certain
restrictions on transactions with affiliates that are not included
in FRA section 23A.
\4\ 12 U.S.C. 371c(f)(2)(B)(i).
\5\ 12 U.S.C. 1468(d).
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Section 31.3(c) implements the statutory standards for authorizing
an exemption from section 23A of the FRA \4\ or section 11 of the Home
Owners' Loan Act (HOLA) \5\ in accordance with section 608 of the Dodd
Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
Section 608, which became effective on July 21, 2012, amends
[[Page 53420]]
section 23A of the FRA and section 11 of the HOLA to authorize the OCC
to exempt, by order, a transaction of a national bank or Federal
savings association, respectively, from the affiliate transaction
requirements of section 23A and section 11 of the HOLA if: (1) the OCC
and the Board jointly find the exemption to be in the public interest
and consistent with the purposes of section 23A or section 11, and (2)
within 60 days of receiving notice of such finding, the Federal Deposit
Insurance Corporation does not object in writing to the finding. Such
objection would be based on a determination that the exemption presents
an unacceptable risk to the Deposit Insurance Fund.\6\
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\6\ See section 608(a)(4)(A)(iv) of the Dodd-Frank Act
(exemptive authority for national banks) and section 608(c) of the
Dodd-Frank Act (exemptive authority for Federal savings
associations).
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Section 31.3(d) sets forth procedures that a national bank and
Federal savings association must follow to request such exemptions.
These procedures are modeled after the Board's procedures in Regulation
W. A national bank or Federal savings association may request an
exemption from the requirements of section 23A or section 11 of the
HOLA, as applicable, and 12 CFR part 223 for a national bank or Federal
savings association by submitting a written request to the Deputy
Comptroller for Licensing with a copy to the appropriate Federal
Reserve Bank. Such a request must:
(1) Describe in detail the transaction or relationship for which
the national bank or Federal savings association seeks exemption;
(2) Explain why the OCC should exemption the transaction or
relationship;
(3) Explain how the exemption would be in the public interest and
consistent with the purposes of section 23A or section 11 of the HOLA,
as applicable; and
(4) Explain why the exemption does not present an unacceptable risk
to the Deposit Insurance Fund.
Estimated Burden
Estimated Frequency of Response: On occasion.
Estimated Number of Respondents: 1.
Estimated Hours per Response: 10 hours.
Estimated Total Annual Responses: 1.
Estimated Total Annual Burden: 10 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.
Sarah E. Turney,
Assistant Director, Office of the Comptroller of the Currency.
[FR Doc. 2025-20960 Filed 11-24-25; 8:45 am]
BILLING CODE P
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</html>Indexed from Federal Register on November 25, 2025.
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