Lending Limits -- 12 CFR 32

Forms and Documents

Document Name	Status
1557-0221 6-7-16.docx Supporting Statement A	2016-06-09

IC Document Collections

IC ID	Document Title	Status
221814	12 CFR 32.9 Model Approval Process	New
20125	12 CFR 32.7 Application Process	Modified

ICR Details

OMB Control No: 1557-0221	ICR Reference No: 201606-1557-001
Status: Historical Active	Previous ICR Reference No: 201305-1557-002
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Lending Limits -- 12 CFR 32
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/19/2016
	Date Received in OIRA: 06/15/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2019	36 Months From Approved	08/31/2016
Responses	533	0	57
Time Burden (Hours)	1,958	0	1,482
Cost Burden (Dollars)	0	0	0

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Abstract: Part 32 contains an application process for obtaining authorization to use the Supplemental Lending Limits Program (Program). This information collection requires national banks and savings associations that want to take advantage of the Program to apply to OCC and receive approval. Part 32 also provides alternative methods for calculating the credit exposure of certain derivative transactions. This information collection requires OCC approval for use of certain calculation models.

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Authorizing Statute(s): US Code: 12 USC 1 et seq Name of Law: National Bank Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 19288	04/04/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 39104	06/15/2016
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
12 CFR 32.7 Application Process
12 CFR 32.9 Model Approval Process

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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	533	57	0	0	476	0
Annual Time Burden (Hours)	1,958	1,482	0	0	476	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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 merging of OMB Control 1557-0317 with this collection.

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Annual Cost to Federal Government: $0

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]? No

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

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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: 06/15/2016

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