The Office of the Comptroller of the Currency (OCC) is seeking public comments on renewing an information collection related to "Investment Securities" under the Paperwork Reduction Act of 1995. This request is part of the OCC’s ongoing effort to reduce paperwork and respondent burden. The OCC plans to gather feedback until March 15, 2021, and is interested in opinions on the utility, accuracy, and burden of the information collected, as well as ideas for improving data collection methods. Comments received will be considered when the OCC submits its request for renewal to the Office of Management and Budget (OMB).
Simple Explanation
The Office of the Comptroller of the Currency (OCC) wants people to tell them if the way they collect information about "Investment Securities" is helpful or too complicated. They are asking for ideas on how to make it easier and to see if it takes too long, like nearly 460 hours, to complete this task each year.