[Federal Register Volume 85, Number 39 (Thursday, February 27, 2020)]
[Notices]
[Pages 11452-11453]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-03954]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Assessment of Fees
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 this opportunity 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 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,
``Assessment of Fees.''
DATES: You should submit written comments by April 27, 2020.
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-
0223, 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
``1557-0223'' 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.
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 \1\ by any of the following methods:
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\1\ Following the close of this notice's 60-day comment period,
the OCC will publish a second notice with a 30-day comment period.
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Viewing Comments Electronically: Go to www.reginfo.gov.
Click on the ``Information Collection Review'' tab. Underneath the
``Currently under Review'' section heading, from the drop-down menu
select ``Department of the Treasury'' and then click ``Submit.'' This
information collection can be located by searching by OMB control
number ``1557-0223'' or ``Assessment of Fees.'' Upon finding the
appropriate information collection, click on the
[[Page 11453]]
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.
Viewing Comments Personally: You may personally inspect
comments at the OCC, 400 7th Street SW, Washington, DC. For security
reasons, the OCC requires that visitors make an appointment to inspect
comments. You may do so by calling (202) 649-6700 or, for persons who
are deaf or hearing impaired, TTY, (202) 649-5597. Upon arrival,
visitors will be required to present valid government-issued photo
identification and submit to security screening in order to inspect
comments.
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, Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501et 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 proposed collection of information set
forth in this document.
The OCC is proposing to extend OMB approval of the following
information collection:
Title: Assessment of Fees.
OMB Control No.: 1557-0223.
Affected Public: Business or other for-profit.
Type of Review: Regular review.
Abstract: The OCC is requesting comment on its proposed extension,
without change, of the information collection titled, ``Assessment of
Fees.'' The OCC is authorized by the National Bank Act (for national
banks and Federal branches and agencies) and the Home Owners Loan Act
(for Federal savings associations) to collect assessments, fees, and
other charges as necessary or appropriate to carry out the
responsibilities of the OCC. 12 U.S.C. 16, 481, 482 and 1467. The OCC
requires independent credit card national banks and independent credit
card Federal savings associations (collectively, independent credit
card institutions) to pay an additional assessment based on receivables
attributable to accounts owned by the national bank or Federal savings
association. 12 CFR 8.2(c). Independent credit card institutions are
national banks or Federal savings associations that engage primarily in
credit card operations and are not affiliated with a full-service
national bank or full-service Federal savings association. 12 CFR
8.2(c)(3)(vi) and (vii). Under 12 CFR 8.2(c)(2), the OCC also has the
authority to assess an independent credit card institution that is
affiliated with a full-service national bank or full-service Federal
savings association if the OCC concludes that the affiliation is
intended to evade the requirements of 12 CFR part 8.
The OCC requires independent credit card institutions to report
receivables attributable data to the OCC semiannually or at a time
specified by the OCC. 12 CFR 8.2(c)(4). ``Receivables attributable''
are the total amount of outstanding balances due on credit card
accounts owned by independent credit card institutions (the receivables
attributable to those accounts) on the last day of an assessment
period, minus receivables retained on the national bank or Federal
savings association's balance sheet as of that day. 12 CFR
8.2(c)(3)(viii). The OCC uses the information to calculate the
assessment for each national bank and Federal savings association and
adjust the assessment rate for independent credit card institutions
over time.
Estimated Number of Respondents: 7.
Estimated Total Annual Burden: 14 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 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.
Dated: February 21, 2020.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2020-03954 Filed 2-26-20; 8:45 am]
BILLING CODE 4810-33-P