20076 Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices 

1 15 U.S.C. 80a–3(c)(1). 

release of non-public OCC information 

to a requester without sufficient legal 

grounds to obtain the information 

would inhibit open consultation 

between a bank and the OCC thereby 

impairing the OCC’s supervisory and 

regulatory mission. The OCC is entitled, 

under statute and case law, to require 

requesters to demonstrate that they have 

sufficient legal grounds for the OCC to 

release non-public OCC information. 

The OCC needs to identify the 

requester’s legal grounds to determine if 

it should release the requested nonpublic OCC information. 

The information requirements in 12 

CFR part 4, subpart C, are as follows: 

• 12 CFR 4.33: Request for non-public 

OCC records or testimony. 

• 12 CFR 4.35(b)(3): Third parties 

requesting testimony. 

• 12 CFR 4.37(a)(2): OCC former 

employee notifying OCC of subpoena. 

• 12 CFR 4.37(a) and (b): Limitation 

on dissemination of released 

information. 

• 12 CFR 4.38(a) and (b): Conditions 

on dissemination of released 

information. 

• 12 CFR 4.39(d): Request for 

authenticated records or certificate of 

nonexistence of records. 

The OCC uses the information to 

process requests for non-public OCC 

information and to determine if 

sufficient grounds exist for the OCC to 

release the requested information or 

provide testimony that would include a 

discussion of non-public information. 

This information collection facilitates 

the processing of requests and expedites 

the OCC’s release of non-public 

information and testimony to the 

requester, as appropriate. 

Type of Review: Extension, without 

change, of a currently approved 

collection. 

Affected Public: Businesses or other 

for-profit; individuals. 

Number of Respondents: 83. 

Frequency of Response: On occasion. 

Total Annual Burden: 241 hours. 

The OCC issued a notice for 60 days 

of comment on January 26, 2015 (80 FR 

4038). 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 

agency, including whether the 

information has practical utility; 

(b) The accuracy of the agency’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. 

Dated: April 8, 2015. 

Mary H. Gottlieb, 

Regulatory Specialist, Legislative and 

Regulatory Activities Division. 

[FR Doc. 2015–08497 Filed 4–13–15; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Comptroller of the Currency 

Agency Information Collection 

Activities: Information Collection 

Renewal; Comment Request; 

Investment Securities 

AGENCY: Office of the Comptroller of the 

Currency (OCC), Treasury. 

ACTION: Notice and request for comment. 

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 renewal of its information 

collection titled, ‘‘Investment 

Securities.’’ 

DATES: You should submit written 

comments by June 15, 2015. 

ADDRESS: Because paper mail in the 

Washington, DC area and at the OCC is 

subject to delay, commenters are 

encouraged to submit comments by 

email, if possible. Comments may be 

sent to: Legislative and Regulatory 

Activities Division, Office of the 

Comptroller of the Currency, Attention: 

1557–0205, 400 7th Street SW., Suite 

3E–218, Mail Stop 9W–11, Washington, 

DC 20219. In addition, comments may 

be sent by fax to (571) 465–4326 or by 

electronic mail to regs.comments@

occ.treas.gov. You may personally 

inspect and photocopy comments at the 

OCC, 400 7th Street SW., Washington, 

DC 20219. For security reasons, the OCC 

requires that visitors make an 

appointment to inspect comments. You 

may do so by calling (202) 649–6700. 

Upon arrival, visitors will be required to 

present valid government-issued photo 

identification and submit to security 

screening in order to inspect and 

photocopy comments. 

All comments received, including 

attachments and other supporting 

materials, are part of the public record 

and subject to public disclosure. Do not 

enclose any information in your 

comment or supporting materials that 

you consider confidential or 

inappropriate for public disclosure. 

FOR FURTHER INFORMATION CONTACT: 

Mary H. Gottlieb, OCC Clearance 

Officer, (202) 649–5490, for persons 

who are deaf or hard of hearing, TTY, 

(202) 649–5597, Legislative and 

Regulatory Activities Division, Office of 

the Comptroller of the Currency, 400 7th 

Street SW., Suite 3E–218, Mail Stop 

9W–11, Washington, DC 20219. 

SUPPLEMENTARY INFORMATION: The OCC 

is proposing to extend OMB approval, 

without change, of the following 

information collection: 

Title: Investment Securities. 

OMB Control No.: 1557–0205. 

Description: This submission covers 

an existing regulation and involves no 

change to the regulation or to the 

information collection requirements. 

The OCC requests only that OMB extend 

its approval of the information 

collection. 

The information collection 

requirements in 12 CFR part 1 are as 

follows: 

Under 12 CFR 1.3(h)(2), a national 

bank may request an OCC determination 

that it may invest in an entity that is 

exempt from registration under section 

3(c)(1) of the Investment Company Act 

of 1940 1 if the portfolio of the entity 

consists exclusively of assets that a 

national bank may purchase and sell for 

its own account. The OCC uses the 

information contained in the request as 

a basis for ensuring that the bank’s 

investment is consistent with its 

investment authority under applicable 

law and does not pose unacceptable 

risk. 

Under 12 CFR 1.7(b), a national bank 

may request OCC approval to extend the 

five-year holding period for securities 

held in satisfaction of debts previously 

contracted (DPC) for up to an additional 

five years. The bank must provide a 

clearly convincing demonstration of 

why any additional holding period is 

needed. The OCC uses the information 

in the request to ensure, on a case-bycase basis, that the bank’s purpose in 

retaining the securities is not 

speculative and that the bank’s reasons 


asabaliauskas on DSK5VPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices 20077 

1Board of Governors of the Federal Reserve 

System. 

for requesting the extension are 

adequate. The OCC also uses the 

information to evaluate the risks to the 

bank of extending the holding period, 

including potential effects on the bank’s 

safety and soundness. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit. 

Estimated Number of Respondents: 

25. 

Estimated Total Annual Burden: 460 

hours. 

Frequency of Response: On occasion. 

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. 

Dated: April 8, 2015. 

Mary H. Gottlieb, 

Regulatory Specialist, Legislative and 

Regulatory Activities Division. 

[FR Doc. 2015–08493 Filed 4–13–15; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Information Collection 

Renewal; Comment Request; 

International Regulation 

AGENCY: Office of the Comptroller of the 

Currency (OCC), Treasury. 

ACTION: Notice and request for comment. 

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 renewal of its information 

collection titled ‘‘International 

Regulation.’’ 

DATES: Comments must be received by 

June 15, 2015. 

ADDRESSES: Because paper mail in the 

Washington, DC area and at the OCC is 

subject to delay, commenters are 

encouraged to submit comments by 

email, if possible. Comments may be 

sent to: Legislative and Regulatory 

Activities Division, Office of the 

Comptroller of the Currency, Attention: 

1557–0102, 400 7th Street SW., Suite 

3E–218, Mail Stop 9W–11, Washington, 

DC 20219. In addition, comments may 

be sent by fax to (571) 465–4326 or by 

electronic mail to regs.comments@

occ.treas.gov. You may personally 

inspect and photocopy comments at the 

OCC, 400 7th Street SW., Washington, 

DC 20219. For security reasons, the OCC 

requires that visitors make an 

appointment to inspect comments. You 

may do so by calling (202) 649–6700. 

Upon arrival, visitors will be required to 

present valid government-issued photo 

identification and submit to security 

screening in order to inspect and 

photocopy comments. 

All comments received, including 

attachments and other supporting 

materials, are part of the public record 

and subject to public disclosure. Do not 

enclose any information in your 

comment or supporting materials that 

you consider confidential or 

inappropriate for public disclosure. 

FOR FURTHER INFORMATION CONTACT: 

Mary H. Gottlieb, OCC Clearance 

Officer, (202) 649–5490, for persons 

who are deaf or hard of hearing, TTY, 

(202) 649–5597, Legislative and 

Regulatory Activities Division, Office of 

the Comptroller of the Currency, 400 7th 

Street SW., Suite 3E–218, Mail Stop 

9W–11, Washington, DC 20219. 

SUPPLEMENTARY INFORMATION: The OCC 

is proposing to extend OMB approval of 

the following information collection 

without change: 

Title: International Regulation—Part 

28. 

OMB Control No.: 1557–0102. 

Description: This submission covers 

an existing regulation and involves no 

change to the regulation or to the 

information collection requirements. 

The OCC requests only that OMB extend 

its approval of the information 

collection. 

12 CFR 28.3 Filing Requirements for 

Foreign Operations of a National 

Bank—Notice Requirement. A national 

bank shall notify the OCC when it files 

an application, notice, or report with the 

FRB1 to establish or open a foreign 

branch, or acquire or divest of an 

interest in, or close, an Edge 

corporation, Agreement corporation, 

foreign bank, or other foreign 

organization; or opens a foreign branch, 

and no application or notice is required 

by the FRB for such transaction. 

In practice, the OCC also has required 

an application pursuant to section 

28.3(c) from a national bank seeking to 

join a foreign exchange, clearinghouse, 

or similar type of organization. In lieu 

of a notice, the OCC may accept a copy 

of an application, notice, or report 

submitted to another Federal agency 

that covers the proposed action and 

contains substantially the same 

information required by the OCC. A 

national bank shall furnish the OCC 

with any additional information the 

OCC may require in connection with the 

national bank’s foreign operations. 

12 CFR 28.14(c) Limitations Based 

Upon Capital of a Foreign Bank— 

Aggregation. A foreign bank shall 

aggregate business transacted by all 

Federal branches and agencies with the 

business transacted by all state branches 

and agencies controlled by the foreign 

bank in determining its compliance 

with limitations based upon the capital 

of the foreign bank. A foreign bank shall 

designate one Federal branch or agency 

office in the United States to maintain 

consolidated information so that the 

OCC can monitor compliance. 

12 CFR 28.15(d), (d)(1), (d)(2), and (f) 

Capital Equivalency Deposits. A foreign 

bank should require its depository bank 

to segregate its capital equivalency 

deposits on the depository bank’s books 

and records. The instruments making up 

the capital equivalency deposit that are 

placed in safekeeping at a depository 

bank to satisfy a foreign bank’s capital 

equivalency deposit requirement must 

be maintained pursuant to an agreement 

prescribed by the OCC that shall be a 

written agreement entered into with the 

OCC. Each Federal branch or agency 

shall maintain a capital equivalency 

account and keep records of the amount 

of liabilities requiring capital 

equivalency coverage in a manner and 

form prescribed by the OCC. A foreign 

bank’s capital equivalency deposits may 

not be reduced in value below the 


asabaliauskas on DSK5VPTVN1PROD with NOTICES