Federal Register / Vol. 87, No. 68 / Friday, April 8, 2022 / Notices 20935 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Information Collection 

Renewal; Comment Request; Lending 

Limits 

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 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.’’ 

DATES: Comments must be submitted on 

or before June 7, 2022. 

ADDRESSES: Commenters are encouraged 

to submit comments by email, if 

possible. You may submit comments by 

any of the following methods: 

• Email: prainfo@occ.treas.gov. 

• Mail: Chief Counsel’s Office, 

Attention: Comment Processing, Office 

of the Comptroller of the Currency, 

Attention: 1557–0221, 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– 

0221’’ 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. 

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. 

• Viewing Comments Electronically: 

Go to www.reginfo.gov. Hover over the 

‘‘Information Collection Review’’ dropdown menu. Click on ‘‘Information 

Collection Review.’’ 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. 

• 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, 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. Section 

3506(c)(2)(A) of title 44 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 the collection 

of information set forth 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: 12 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: 

• 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 

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; 

• 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 

• 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: 

• Certification that the bank or 

savings association is an ‘‘eligible bank’’ 

or ‘‘eligible savings association;’’ 

• Citations to relevant state laws or 

regulations; 

• 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 


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20936 Federal Register / Vol. 87, No. 68 / Friday, April 8, 2022 / Notices 

§ 32.7(a) and confirming the terms and 

conditions for use of this lending 

authority; and 

• A description of how the board will 

exercise its continuing responsibility to 

oversee the use of this lending 

authority. 

12 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 of non-credit derivative 

transactions. 12 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. 

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 also is 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. 

All comments will be considered in 

formulating the subsequent submission 

and 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. 

Theodore J. Dowd, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2022–07482 Filed 4–7–22; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Art Advisory Panel—Notice of Closed 

Meeting 

AGENCY: Internal Revenue Service, 

Treasury. 

ACTION: Notice of closed meeting of Art 

Advisory Panel. 

SUMMARY: Closed meeting of the Art 

Advisory Panel will be held virtually by 

ZoomGov. 

DATES: The meeting will be held April 

27, 2022. 

ADDRESSES: The closed meeting of the 

Art Advisory Panel will be held 

virtually by ZoomGov. 

FOR FURTHER INFORMATION CONTACT: 

Robin B. Lawhorn, 400 West Bay Street, 

Suite 252, Jacksonville, FL 32202. 

Telephone (904) 661–3198 (not a toll 

free number). 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given pursuant to section 

10(a)(2) of the Federal Advisory 

Committee Act, 5 U.S.C. App., that a 

closed meeting of the Art Advisory 

Panel will be held virtually by 

ZoomGov. 

The agenda will consist of the review 

and evaluation of the acceptability of 

fair market value appraisals of works of 

art involved in Federal income, estate, 

or gift tax returns. This will involve the 

discussion of material in individual tax 

returns made confidential by the 

provisions of 26 U.S.C. 6103. 

A determination as required by 

section 10(d) of the Federal Advisory 

Committee Act has been made that this 

meeting is concerned with matters listed 

in sections 552b(c)(3), (4), (6), and (7), 

of the Government in the Sunshine Act, 

and that the meeting will not be open 

to the public. 

Andrew J. Keyso Jr., 

Chief, Independent Office of Appeals. 

[FR Doc. 2022–07456 Filed 4–7–22; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8910 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service, 

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 information 

collections, as required by the 

Paperwork Reduction Act of 1995. The 

IRS is soliciting comments concerning 

Form 8910, Alternative Motor Vehicle 

Credit. 

DATES: Written comments should be 

received on or before June 7, 2022 to be 

assured of consideration. 

ADDRESSES: Direct all written comments 

to Andres Garcia, Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224 or 

by email to omb.unit@irs.gov. Please 

include the ‘‘OMB Number 1545–1998’’ 

in the Subject Line. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to Sara Covington at 

Internal Revenue Service, Room 6526, 

1111 Constitution Avenue NW, 

Washington, DC 20224, or at (202) 317– 

4542 or through the internet, at 

Sara.L.Covington@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Alternative Motor Vehicle 

Credit. 

OMB Number: 1545–1998. 

Form Number: 8910. 

Abstract: Taxpayers will file Form 

8910 to claim the credit for certain 

alternative motor vehicles placed in 

service during the tax year. The credit 

attributable to depreciable property 

(vehicles used for business or 

investment purposes) is treated as a 

general business credit. Any credit not 

attributable to depreciable property is 

treated as a personal credit. Taxpayers 

that are not partnerships or S 

corporations, and whose only source of 

this credit is from those pass-through 

entities, are not required to complete or 

file this form. They can report the credit 

directly on line 1r in Part 111 of form 

3800. 

Current Actions: There are no changes 

to this form. 

Type of Review: Extension of a 

currently approved collection. 


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