[Federal Register Volume 79, Number 226 (Monday, November 24, 2014)]
[Notices]
[Pages 69994-69995]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-27686]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Submission for OMB Review; Electronic Operations

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 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, ``Electronic Operations.'' The OCC is also giving 
notice that it has sent the collection to OMB for review.

DATES: Comments must be submitted on or before December 24, 2014.

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: 1557-0301, 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 <a href="/cdn-cgi/l/email-protection#45372022366b262a2828202b3136052a26266b31372024366b222a33"><span class="__cf_email__" data-cfemail="5c2e393b2f723f3331313932282f1c333f3f72282e393d2f723b332a">[email protected]</span></a>. 
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 to 
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.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-0301, U.S. Office of Management and Budget, 725 17th 
Street NW., #10235, Washington, DC 20503, or by email to: 
<a href="/cdn-cgi/l/email-protection#5936302b38062a2c3b34302a2a3036371936343b773c3629773e362f"><span class="__cf_email__" data-cfemail="d1beb8a3b08ea2a4b3bcb8a2a2b8bebf91bebcb3ffb4bea1ffb6bea7">[email protected]</span></a>.

FOR FURTHER INFORMATION CONTACT: Johnny Vilela or Mary H. Gottlieb, OCC 
Clearance Officers, (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: Under the PRA (44 U.S.C. 3501-3520), Federal 
agencies must obtain approval from 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 is proposing to extend OMB approval of this collection for 
three years:
    Title: Electronic Operations.
    OMB Control No.: 1557-0301.
    Frequency of Response: On occasion.
    Affected Public: Business or other for-profit.
    Number of Respondents: 15.
    Burden per Respondent: 2 hours.
    Total Burden: 30 hours.
    Description: Twelve CFR part 155 provides that Federal savings 
associations (FSAs) may use, or participate with others to use, 
electronic means or facilities to perform any function, or provide any 
product or service, as part of an authorized activity. Electronic means 
or facilities include, but are not limited to, automated teller 
machines, automated loan machines, personal computers, the Internet, 
the World Wide Web, telephones, and other similar electronic devices. 
The regulation requires each FSA to notify the OCC at least 30 days 
before establishing a transactional Web site. A transactional Web site 
is an Internet site that enables users to conduct financial 
transactions such as accessing an account, obtaining an account 
balance, transferring funds, processing bill payments, opening an 
account, applying for or obtaining a loan, or purchasing other 
authorized products or services. FSAs that present supervisory or 
compliance concerns may be subject to additional procedural 
requirements.
    This information collection facilitates the OCC's ability to 
identify industry

[[Page 69995]]

technology trends and better understand emerging technologies. The 
information is collected on a transactional basis and is used to ensure 
that safety and soundness requirements are being met.
    On July 28, 2014, OCC issued a notice for 60 days of comment 
concerning this collection. 79 FR 42823. One comment was received.
    One commenter asked whether the collection of information is 
necessary for the proper performance of the OCC's functions, including 
whether the information has practical utility.
    The commenter described the collection as an ``anachronism'' that 
``no longer reflects the realities and risks of current times.'' The 
commenter further noted that the Internet has been widely used as a 
channel for offering and conducting banking services for many years and 
that the OCC likewise has many years of supervisory experience with 
``transactional Web sites,'' which would seem to obviate the continued 
need for notice and collection of this information. Finally, the 
commenter stated that the information collection is not an effective 
way of understanding industry trends and emerging technologies, 
contending that FSAs as a group ``tend to be slow adopters of new 
technology'' and noting that national banks are not subject to a 
similar requirement.
    The OCC appreciates the commenter's perspective. In response, the 
OCC will give careful consideration to the comment in connection with 
the OCC's national bank and FSA rule integration efforts, in particular 
whether a notice requirement is still necessary for transactional Web 
sites.
    Comments continue to be solicited on:
    (a) Whether the collections of information are necessary for the 
proper performance of the OCC's functions, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimates of the burden of the 
information collections, including the validity of the methodology and 
assumptions used;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected; and
    (d) Ways to minimize the burden of information collections on 
respondents, including through the use of automated collection 
techniques or other forms of information technology.

    Dated: November 18, 2014.
Stuart E. Feldstein,
Legislative and Regulatory Activities Division.
[FR Doc. 2014-27686 Filed 11-21-14; 8:45 am]
BILLING CODE 4810-33-P


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