[Federal Register Volume 86, Number 36 (Thursday, February 25, 2021)]
[Notices]
[Pages 11590-11591]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-03860]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Fiduciary 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 the renewal of an information collection, as 
required by the Paperwork Reduction Act of 1995 (PRA). An agency may 
not conduct or sponsor, and a 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 renewal of its information collection titled 
``Fiduciary Activities.'' The OCC also is giving notice that it has 
submitted the collection to OMB for review.

DATES: Comments must be submitted by March 29, 2021.

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#443436252d2a222b042b27276a30362125376a232b32"><span class="__cf_email__" data-cfemail="e49496858d8a828ba48b8787ca9096818597ca838b92">[email protected]</span></a>.
    <bullet> Mail: Chief Counsel's Office, Attention: Comment 
Processing, 1557-0140, 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.

[[Page 11591]]

    Instructions: You must include ``OCC'' as the agency name and 
``1557-0140'' 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.
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to www.reginfo.gov/public/do/PRAMain. Find this particular information 
collection by selecting ``Currently under 30-day Review--Open for 
Public Comments'' or by using the search function.
    You may review comments and other related materials that pertain to 
this information collection \1\ following the close of the 30-day 
comment period for this notice by the following method:
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    \1\ On November 6, 2020, the OCC published a 60-day notice for 
this information collection, 85 FR 71138.
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    <bullet> 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 Treasury'' and then click ``submit.'' This 
information collection can be located by searching by OMB control 
number ``1557-0140'' or ``Fiduciary 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 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.

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), 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 this collection.
    Type of Review: Regular.
    Abstract: The OCC is seeking to renew the emergency approval 
granted for the information collection requirements contained in the 
interim final rule titled ``Collective Investment Funds: Prior Notice 
Period for Withdrawals.'' \2\ The rule provides that, if the OCC 
approves and certain conditions are satisfied, a bank administering a 
collective investment fund that is invested primarily in real estate or 
other assets that are not readily marketable may withdraw an account 
from a collective investment fund up to one year after the end of the 
standard withdrawal period. In addition, a bank may request that the 
OCC approve extensions beyond the one-year extension period, if certain 
conditions are satisfied. In granting such extensions, the OCC must 
determine that the bank has made a good faith effort to satisfy 
withdrawal requests and has been unable to do so without causing harm 
to participants due to economic and market conditions. Extensions 
beyond the initial one-year extension must be requested and approved 
annually, in one-year increments for a maximum of two years after the 
initial one-year extension period.
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    \2\ 85 FR 49229 (August 13, 2020).
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    The OCC is also seeking to renew the information collection for the 
OCC's rules governing fiduciary activities in 12 CFR parts 9 and 150. 
Those requirements are detailed in the supporting statement filed with 
OMB.
    Title: Fiduciary Activities.
    OMB Control No.: 1557-0140.
    Affected Public: Businesses or other for-profit.
    Frequency: On occasion.
    Estimated number of respondents: 4.
    Total estimated annual burden: 220 burden hours.
    On November 6, 2020, the OCC published a 60-day notice for this 
information collection, 85 FR 71138. 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. 2021-03860 Filed 2-24-21; 8:45 am]
BILLING CODE 4810-33-P


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