Search Results for agency_names:"Comptroller of the Currency"

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).

The Office of the Comptroller of the Currency (OCC) is proposing a new rule that aims to change the requirements for national bank and Federal savings association properties. This rule includes standards for acquiring and holding real estate and considers modern needs, like mixed-use developments and virtual workspaces. The OCC is seeking public comments on the proposal to apply these standards consistently while addressing recent changes in real estate and banking operations. The comments must be submitted by March 22, 2021.

The Office of the Comptroller of the Currency (OCC) is inviting public and federal agency comments on a proposed revision to an information collection requirement under the Paperwork Reduction Act. This involves updating reporting requirements for national banks and federal savings associations, particularly those with assets of $250 billion or more, to align with stress test templates used by the Federal Reserve. The goal is to minimize the burden on these institutions while ensuring effective stress testing practices. Comments on the proposal are requested by March 29, 2021, and the OCC encourages electronic submissions.

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.

The Depository Institutions Disaster Relief Act of 1992 (DIDRA) allows agencies to temporarily suspend some appraisal requirements under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) for real estate transactions in disaster areas. Following the President's declaration of a major disaster in Los Angeles County, California due to wildfires and straight-line winds starting January 7, 2025, these exceptions have been granted for affected real estate transactions until January 8, 2028. The exceptions aim to facilitate recovery and are consistent with safe banking practices, as long as certain conditions are met, like having a commitment to fund transactions and ensuring the property's value is supportive.

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, the Federal Reserve Board, and the Federal Deposit Insurance Corporation have finalized a rule called the Net Stable Funding Ratio (NSFR). This rule is designed to ensure large banking organizations maintain stable funding over a one-year period to support their various financial activities. By requiring stable funding, the rule aims to reduce liquidity risks, ensuring banks can continue to operate smoothly even in challenging economic conditions. This rule applies to large U.S. banks and some foreign banks with significant assets, enhancing the overall stability of the financial system.

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) 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), part of the Treasury Department, is asking for public comments on its information collection related to the "Uniform Interagency Transfer Agent Registration and Deregistration Forms." This request is part of their efforts to reduce paperwork and respondent burden per the Paperwork Reduction Act of 1995. The forms, known as TA-1 and TA-W, are used by national banks and Federal savings associations to register or deregister as transfer agents for securities. The OCC wants feedback on whether these forms are needed, if their time estimates are accurate, and how they might improve the process. Comments about this information collection must be submitted by March 15, 2021.