Federal Register / Vol. 87, No. 130 / Friday, July 8, 2022 / Notices 40879 

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 

§ 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. 

Twelve 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 to a counterparty of 

non-credit derivative transactions. 

Twelve 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 

(the Internal Model Method and the 

Basic Method). 

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 is also 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. 

On April 8, 2022, the OCC published 

a 60-day notice for this information 

collection, 87 FR 20935. 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. 2022–14585 Filed 7–7–22; 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; 

Disclosure and Reporting of CRARelated Agreements 

AGENCY: Office of the Comptroller of the 

Currency, Treasury. 

ACTION: Notice and request for comment. 

SUMMARY: The Office of the Comptroller 

of the Currency (OCC), as part of its 

continuing effort to reduce paperwork 

and respondent burden, invites 

comment on a continuing information 

collection, as required by the Paperwork 

Reduction Act of 1995 (PRA). Pursuant 

to the 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 its 

information collection titled ‘‘Disclosure 

and Reporting of CRA-Related 

Agreements.’’ The OCC also is giving 

notice that it has sent the collection to 

OMB for review. 

DATES: Comments must be received by 

August 8, 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– 

0219, 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– 

0219’’ 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 


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40880 Federal Register / Vol. 87, No. 130 / Friday, July 8, 2022 / Notices 

1 12 U.S.C. 1831y. 

2The definition includes groups of substantially 

related agreements that satisfy these amounts in the 

aggregate. 

3 12 U.S.C. 1831y(e). The statutory definition of 

‘‘agreement’’ excludes any agreement entered into 

with an NGEP ‘‘who has not commented on, 

testified about, or discussed with the institution, or 

otherwise contacted the institution, concerning the 

[CRA].’’ Id. 

4 12 U.S.C. 1831y(a). 

5 12 U.S.C. 1831y(b)–(c). 

6 If providing a list of covered agreements, the IDI 

or affiliate must provide a copy and public version 

of any agreement referenced in the list to any 

relevant supervisory agency within seven calendar 

days of receiving a request from the agency. 

7 12 CFR 35.6(b)(2), 35.8; see 12 U.S.C. 

1831y(h)(2)(A). 

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 April 8, 2022, the OCC published 

a 60-day notice for this information 

collection, 87 FR 20933. 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’’ from the 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 

‘‘1557–0219’’ or ‘‘Disclosure and 

Reporting of CRA-Related Agreements.’’ 

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, 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 

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 the 

collection in this notice. 

Title: Disclosure and Reporting of 

CRA-Related Agreements. 

OMB Control No.: 1557–0219. 

Description: National banks, Federal 

savings associations, and their affiliates 

occasionally enter into agreements with 

nongovernmental entities or persons 

(NGEPs) related to their Community 

Reinvestment Act (CRA) 

responsibilities. Section 48 of the 

Federal Deposit Insurance Act (FDI Act) 

requires disclosure of certain of these 

agreements and imposes related 

reporting requirements on insured 

depository institutions (IDIs), their 

affiliates, and NGEPs.1

Section 48 of the FDI Act generally 

applies to written agreements that: (1) 

are made in fulfillment of the CRA; (2) 

involve funds or other resources of an 

IDI or affiliate with an aggregate value 

of more than $10,000 in a year or loans 

with an aggregate principal value of 

more than $50,000 in a year; 2 and (3) 

are entered into by an IDI or affiliate and 

an NGEP.3

Under section 48, the parties to a 

covered agreement must make the 

covered agreement available to the 

public and the appropriate Federal 

banking agency.4 This section also 

requires the parties to file a report 

annually with the appropriate Federal 

banking agency concerning the 

disbursement, receipt, and use of funds 

or other resources under the agreement.5

As mandated by the FDI Act, the OCC, 

the Federal Deposit Insurance 

Corporation, and the Board of Governors 

of the Federal Reserve System issued 

regulations to implement section 48. 

The OCC’s regulation, codified at 12 

CFR 35, is known as the ‘‘CRA 

Sunshine’’ regulation. The disclosure 

and reporting provisions of this 

regulation, which are collections of 

information under the PRA, implement 

the statutorily mandated disclosure and 

reporting requirements. 

The information collections are found 

in sections 35.4(b); 35.6; and 35.7 and 

require: 

• IDIs or affiliates to notify each 

NGEP that is a party to a covered 

agreement that the agreement concerns 

a CRA affiliate; 

• NGEPs and IDIs or affiliates to make 

a copy of a covered agreement available 

to any individual or entity upon request; 

• NGEPs to provide a copy of the 

covered agreement within 30 days of 

receiving a request from the relevant 

supervisory agency; 

• Each IDI and affiliate to provide 

each relevant supervisory agency with a 

copy of each covered agreement or a list 

of all covered agreements entered into 

during a calendar quarter within 60 

days of the end of the calendar quarter; 6

and 

• Annual reporting by NGEPs, IDIs or 

affiliates concerning the disbursement, 

receipt, and uses of funds under each 

covered agreement. 

The parties to a covered agreement 

may request confidential treatment of 

proprietary and confidential 

information in a covered agreement or 

annual report and may withhold from 

public disclosure confidential or 

proprietary information in a covered 

agreement.7

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals; 

Businesses or other for-profit. 

Estimated Number of Respondents: 9. 

Estimated Total Annual Burden: 534. 

On April 8, 2022, the OCC published 

a 60-day notice for this information 

collection, 87 FR 20933. 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. 2022–14584 Filed 7–7–22; 8:45 am] 

BILLING CODE 4810–33–P 


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