Lending Limits

Forms and Documents

Document Name	Status
Lending Limits - Emergency Request Letter.pdf Supplementary Document	2013-08-21
1557-NEW (12 CFR 32.9 - Supporting Statement Lending Limits Final Rule) (1).docx Supporting Statement A	2013-06-25

IC Document Collections

IC ID	Document Title	Status
207435	Credit Exposure Model - Notices and Approvals	New

ICR Details

OMB Control No: 1557-0317	ICR Reference No: 201306-1557-004
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Lending Limits
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 08/21/2013
OIRA Conclusion Action: Approved with change	Conclusion Date: 08/21/2013
	Date Received in OIRA: 06/25/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2014	6 Months From Approved
Responses	476	0	0
Time Burden (Hours)	476	0	0
Cost Burden (Dollars)	0	0	0

---

Abstract: The use of a model to calculate a credit exposure, other than one approved for capital purposes, must be approved by the OCC specifically for part 32 purposes and must be approved in writing. If a national bank or Federal savings association proposes to use an internal model that has been approved by the OCC for capital purposes, the institution must provide prior written notification to the OCC prior to use of or change to the model for lending purposes.

Emergency Justfication: The Office of the Comptroller of the Currency (OCC) hereby requests approval prior to October 1, 2013, for a new collection of information contained in its Lending Limits final rule (78 FR 37930 (June 25, 2013)) pursuant to the Office of Management and Budget’s (OMB) Paperwork Reduction Act (PRA) emergency processing procedures at 5 C.F.R. § 1320.13. The OCC has determined that (1) the collection of information within the scope of this request is needed prior to the expiration of time periods established under 5 C.F.R. § 1320.12; (2) this collection of information is essential to the mission of the OCC; and (3) the OCC cannot reasonably comply with the normal clearance procedures because an unanticipated event has occurred and the use of normal clearance procedures is reasonably likely to prevent or disrupt the collection of information. The Lending Limits final rule included a new information collection requirement generated in response to public comment. In response to comments received, OCC clarified the model approval process in 12 C.F.R. § 32.9 to provide that a model (other than the model approved for purposes of the Advanced Measurement Approach in the capital rules) must be approved by the OCC specifically for part 32 purposes and must be approved in writing. If a national bank or Federal 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 before substantive revisions are made to a model that is used for lending limits purposes. The addition of this information collection at the final rule stage prevents the OCC from clearing the collection under 5 C.F.R. § 1320.11, which covers only collections of information contained in proposed rules. As noted in 5 C.F.R. § 1320.5 (c)(1), the OCC must clear the collection under 5 C.F.R. § 1320.10, which relates to information collections not contained in proposed rules or current rules. The OCC submitted the collection to OMB under 5 C.F.R. § 1320.11, and the ROCIS System accepted the submission due to a system error. There is insufficient time to obtain clearance under 5 C.F.R. § 1320.10 prior to the rule’s October 1, 2013 effective date. Therefore the OCC is requesting emergency clearance.

---

Authorizing Statute(s): US Code: 12 USC 1 et seq. Name of Law: National Bank Act
   US Code: 12 USC 1461 et seq. Name of Law: Homeowners' Loan Act
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 610 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1557-AD59	Final or interim final rulemaking	78 FR 37930	06/25/2013

---

Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Credit Exposure Model - Notices and Approvals

---

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	476	0	0	476	0	0
Annual Time Burden (Hours)	476	0	0	476	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The increase in burden is due to the fact that this is a new collection. The collection implements section 610 of Dodd-Frank, which provides that the definition of "loans and extenstions of credit" includes credit exposures arising from derivative transactions, among other things. The rule introduces an approval process for the model method for calculating these credit exposures. This information request seeks approval for this new approval process.

---

Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  No

---

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 06/25/2013

---