Search Results for keywords:"Office of the Comptroller of the Currency"

The Office of the Comptroller of the Currency (OCC) is seeking public and agency comments on the renewal of an information collection called the "Examination Survey," as required by the Paperwork Reduction Act. This survey collects feedback from banks regarding the OCC's supervisory activities and aims to improve the examination process through responses on communication, data requests, and examiner professionalism. Comments are due by February 10, 2021, and can be submitted via email, mail, fax, or courier. The survey helps the OCC in enhancing examination quality and targeting examiner training.

The Office of the Comptroller of the Currency (OCC), a part of the Treasury Department, has announced a request for public comments on a revised information collection about Appraisal Management Companies as required by the Paperwork Reduction Act of 1995. This collection involves recordkeeping requirements for managing appraisal companies, as directed by the Dodd-Frank Act. The deadline for submitting comments is January 21, 2025. The OCC has reduced the estimated annual paperwork burden from 2,455 hours in 2021 to 1,991 hours due to fewer respondents.

The Office of the Comptroller of the Currency (OCC) is inviting comments from the public and other federal agencies on its plan to renew the information collection titled "Fiduciary Activities" as part of the Paperwork Reduction Act requirements. The OCC aims to reduce paperwork and ensure compliance by using a valid OMB control number and has already submitted the renewal request to the Office of Management and Budget (OMB) for review. Interested parties can submit comments by March 29, 2021, with specific instructions provided to guide the submission process. The OCC's initiative is focused on improving the utility and effectiveness of information collection while minimizing the burden on respondents.

The Office of the Comptroller of the Currency (OCC), part of the Treasury Department, is seeking public comments on an information collection titled "Covered Savings Associations Notice," in line with the Paperwork Reduction Act (PRA). This notice aims to reduce paperwork and ensure efficiency by renewing procedures that allow certain Federal savings associations to operate with the same rights as national banks. Comments on the proposal should be submitted by April 14, 2025, and will be considered in the final decision process. The OCC is particularly interested in feedback on the necessity, clarity, and burden of the information collection.

The Office of the Comptroller of the Currency (OCC) is seeking public comments on the renewal of an information collection related to leveraged lending, as part of its efforts to reduce paperwork and respondent burden under the Paperwork Reduction Act of 1995. This involves guidance to financial institutions on managing the credit risks associated with leveraged loans. Comments are requested on various aspects, such as the necessity and burden of the information collection, and they must be received by May 9, 2025. The OCC has outlined how comments can be submitted and assures that all comments will be publicly available.

The Office of the Comptroller of the Currency (OCC) is inviting public comments on the renewal of an information collection related to "Market Risk," as part of its ongoing effort to reduce paperwork and respondent burden, in line with the Paperwork Reduction Act of 1995. According to this rule, national banks and federal savings associations with significant market risk exposure are required to adhere to specific guidelines for managing and disclosing this risk. Public comments on the necessity, accuracy, and ways to improve the information collection process are due by June 17, 2025. The OCC aims to ensure that these financial institutions maintain sufficient capital adequacy for their market risk level through these regulations.

The Office of the Comptroller of the Currency, the Federal Reserve System, and the Federal Deposit Insurance Corporation are seeking public comments on proposed updates to the Consolidated Reports of Condition and Income, also known as Call Reports. These updates, intended to remain effective through 2021, address changes in asset measurement dates due to temporary asset growth linked to relief programs from the COVID-19 pandemic. The modifications aim to help financial institutions manage reporting burdens by allowing them to use asset figures from either December 2019 or June 2020 for determining their reporting requirements for the upcoming year. The agencies are inviting feedback about the utility, accuracy, and potential burden of these changes as they move forward with the proposal.

The Office of the Comptroller of the Currency (OCC) is seeking public comments on the renewal of the "Fair Housing Home Loan Data System Regulation" information collection. This request is part of the agency's effort to reduce paperwork and respondent burden, in accordance with the Paperwork Reduction Act. The regulation requires certain national banks to collect and maintain specific data on home loans, especially if they receive over 50 home loan applications annually. The OCC is asking for feedback on whether the information collections are necessary, how to reduce the burden on respondents, and any start-up or ongoing costs associated with providing the information.

The Office of the Comptroller of the Currency (OCC) has announced a request for public comments on the renewal of an information collection titled "Minimum Security Devices and Procedures, Reports of Suspicious Activities, and Bank Secrecy Act Compliance Program." This is part of their ongoing efforts to reduce paperwork and ensure compliance with the Paperwork Reduction Act. The information collection involves security requirements for banks and savings associations, such as designating a security officer and reporting suspicious activities. Comments are due by April 21, 2025, and will be used to evaluate the necessity, burden, and methods of the data collection process.

The Office of the Comptroller of the Currency (OCC) is requesting comments from the public and other federal agencies on renewing an information collection known as the "Bank Appeals Follow-Up Questionnaire." This is part of a broader effort to reduce paperwork and respondent burden under the Paperwork Reduction Act of 1995 (PRA). The information gathered will assess the effectiveness of the OCC's appeals process for banks and help improve it. Comments on the need, accuracy, and potential improvements of this information collection are invited, and they must be submitted by April 19, 2021.