Federal Register / Vol. 87, No. 77 / Thursday, April 21, 2022 / Notices 23913 

1 72 FR 1372 (January 11, 2007). 

Estimated Annual Burden: 609,100 

hours. 

Frequency of Response: On occasion. 

Comments: 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. 

Theodore J. Dowd, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2022–08534 Filed 4–20–22; 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; Submission for OMB Review; 

Interagency Statement on Complex 

Structured Finance Transactions 

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). 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 the renewal of an 

information collection titled 

‘‘Interagency Statement on Complex 

Structured Finance Transactions.’’ The 

OCC also is giving notice that it has sent 

the collection to OMB for review. 

DATES: Comments must be submitted on 

or before May 23, 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, 1557– 

0229, Office of the Comptroller of the 

Currency, 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– 

0229’’ 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 also 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. 

On February 2, 2022, the OCC 

published a 60-day notice for this 

information collection, 87 FR 5941. You 

may review comments and other related 

materials that pertain to this 

information collection following the 

close of the 30-day comment period for 

this notice by the method set forth in 

the next bullet. 

• Viewing Comments Electronically: 

Go to www.reginfo.gov. Hover over the 

‘‘Information Collection Review’’ tab 

and click on ‘‘Information Collection 

Review’’ drop-down menu. 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 

‘‘1557–0229’’ or ‘‘Interagency Statement 

on Complex Structured Finance 

Transactions.’’ 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, OCC 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. 3501–3520), Federal 

agencies must obtain approval from the 

OMB for each collection of information 

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 the collection in 

this document. 

Title: Interagency Statement on 

Complex Structured Finance 

Transactions. 

OMB Control No.: 1557–0229. 

Description: The Interagency 

Statement on Complex Structured 

Finance Transactions 1 describes the 

types of internal controls and risk 

management procedures that the 

agencies (OCC, Board of Governors of 

the Federal Reserve System, Federal 

Deposit Insurance Corporation, and 

Securities and Exchange Commission) 

consider particularly effective in 

helping financial institutions identify 

and address the reputational, legal, and 

other risks associated with complex 

structured finance transactions. Those 

internal controls and risk management 

procedures form the basis of this 

information collection. 

Affected Public: Businesses or other 

for-profit. 

Type of Review: Regular. 

Estimated Number of Respondents: 9. 

Estimated Annual Burden: 225 hours. 

Frequency of Response: On occasion. 

On February 2, 2022, the OCC 

published a 60-day notice for this 

information collection, 87 FR 5941. No 

comments were received. Comments 

continue to be collected on: 

(a) Whether the collection of 

information is necessary for the proper 


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23914 Federal Register / Vol. 87, No. 77 / Thursday, April 21, 2022 / Notices 

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. 2022–08533 Filed 4–20–22; 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; 

Community and Economic 

Development Entities, Community 

Development Projects, and Other 

Public Welfare Investments 

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). 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 its information collection 

titled, ‘‘Community and Economic 

Development Entities, Community 

Development Projects, and Other Public 

Welfare Investments.’’ 

DATES: Comments must be submitted on 

or before June 21, 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: 1557–0194, 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– 

0194’’ 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’’ tab 

and click on ‘‘Information Collection 

Review’’ dropdown. 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 ‘‘1557–0194’’ 

or ‘‘Community and Economic 

Development Entities, Community 

Development Projects, and Other Public 

Welfare Investments.’’ 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. 3501–3520), Federal 

agencies must obtain approval from 

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: Community and Economic 

Development Entities, Community 

Development Projects, and Other Public 

Welfare Investments. 

OMB Control No.: 1557–0194. 

Description: This submission covers 

an existing regulation (12 CFR part 24), 

including the CD–1, National Bank 

Community Development Investments 

form, contained in 12 CFR part 24 

Appendix 1, pursuant to which a 

national bank may notify the OCC, or 

request OCC approval, of certain 

community development investments. 

Section 24.4(a) provides that a 

national bank may submit a written 

request to the OCC to exceed five 

percent of its capital and surplus for its 

aggregate, outstanding public welfare 

investments. The OCC may grant 

permission to the bank to make 

subsequent public welfare investments 

up to the approved investment limit 

without prior notification to, or 

approval by the OCC, using the afterthe-fact notification process consistent 

with § 24.5(a). 

Section 24.5(a) provides that an 

eligible national bank may make a 

public welfare investment without prior 

notification to, or approval by, the OCC 

if the bank submits an after-the-fact 

notification of an investment within 10 

days of making the investment. 

Section 24.5(a)(5) provides that a 

national bank that is not an eligible 

bank consistent with § 24.2(e), but that 

is at least adequately capitalized and 

has a composite rating of at least 3 with 

improving trends under the Uniform 

Financial Institutions Rating System, 


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