97-11711. Information Collection; Submission for OMB Review; Comment Request  

  • [Federal Register Volume 62, Number 87 (Tuesday, May 6, 1997)]
    [Notices]
    [Pages 24686-24687]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 97-11711]
    
    
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    DEPARTMENT OF THE TREASURY
    
    Office of the Comptroller of the Currency
    
    
    Information Collection; Submission for OMB Review; Comment 
    Request
    
    AGENCY: Office of the Comptroller of the Currency, Treasury.
    
    ACTION: Submission for OMB review; comment request.
    
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    SUMMARY: In accordance with the requirements of the Paperwork
    
    [[Page 24687]]
    
    Reduction Act of 1995 (44 U.S.C. Chapter 35), the Office of the 
    Comptroller of the Currency (OCC) hereby gives notice that it has sent 
    to the Office of Management and Budget (OMB) for review an information 
    collection titled Loan Index Information Collection.
    
    DATES: Comments regarding this information collection should be 
    submitted to both the OMB Reviewer and the OCC. Comments are due on or 
    before June 5, 1997.
    
    ADDRESSES: A copy of the submission may be obtained by calling the OCC 
    Contact listed. Direct all written comments to the Communications 
    Division, Attention: 1557-LOAN, Third Floor, Office of the Comptroller 
    of the Currency, 250 E Street, SW, Washington, DC 20219. In addition, 
    comments may be sent by facsimile transmission to (202) 874-5274, or by 
    electronic mail to [email protected] Comments should also be 
    submitted to Alexander Hunt, Office of Management and Budget, 
    Attention: 1557-LOAN, Room 10226, New Executive Office Building, 
    Washington, DC 20503.
    
    SUPPLEMENTARY INFORMATION:
    
        OMB Number: 1557-LOAN.
        Form Number: Not applicable.
        Type of Review: New collection.
        Title: Loan Index Information Collection.
        Description: Effective implementation of the OCC's Supervision by 
    Risk Program requires the OCC to identify and evaluate movements and 
    trends in the loan underwriting standards applied by national banks. 
    The OCC therefore proposes to collect data on loan underwriting 
    standards or benchmarks on a variety of loan products. Every quarter, 
    the OCC will collect data on loans made or renewed the previous 
    quarter. The data will be collected by examiners who will review bank 
    documents, including loan files. If practicable, information gathered 
    as part of this collection may be used to reduce the scope of loan 
    reviews conducted during regularly scheduled examinations.
        This collection will not require banks to gather, maintain, or 
    provide data in a specified format. OCC examiners will gather 
    information from existing bank documents. The estimated burden on banks 
    results from planned examiner discussions with bank management 
    regarding the bank's projections for loan product volume and quality, 
    and examiner requests for assistance in locating files.
        Data will be collected for eleven categories of loan products 
    (i.e., real estate project finance, home mortgages and home equity 
    lines, credit cards, direct automobile). Data on more than one category 
    of loan product may be collected from a single bank.
        The data will be used by the OCC as a supervisory tool. The OCC 
    will analyze the data to identify benchmarks in underwriting for the 
    loan products it reviews and to assess the impact of changes or trends 
    in underwriting on the national banking system. The OCC's analysis will 
    enhance the effectiveness of the risk-focused approach to supervising 
    banks, enable the OCC to provide useful, aggregate information about 
    underwriting benchmarks and trends to national banks and examiners, and 
    enable the OCC to develop and issue timely system-wide guidance as 
    appropriate.
    
        Respondents: Businesses or other for-profit; individuals
        Number of Respondents: 242.
        Total Annual Responses: 888.
        Frequency of Response: Quarterly, except agriculture loan data 
    which is semiannual.
        Estimated Total Annual Burden: 1,332.
        OCC Contact: Jessie Gates or Dionne Walsh, (202) 874-5090, 
    Legislative and Regulatory Activities Division, Office of the 
    Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219.
        OMB Reviewer: Alexander Hunt, (202) 395-7340, Paperwork Reduction 
    Project 1557-LOAN, Office of Management and Budget, Room 10226, New 
    Executive Office Building, Washington, DC 20503.
        The OCC may not conduct or sponsor, and a respondent is not 
    required to respond to, an information collection that has been 
    extended, revised, or implemented on or after October 1, 1995, unless 
    it displays a currently valid OMB control number. Comments are invited 
    on: (a) Whether the proposed collection is necessary for the proper 
    performance of the OCC's functions, including whether the information 
    has practical utility; (b) the accuracy of the OCC's estimate of the 
    burden of the information collection, including the validity of the 
    methodology and assumptions used; (c) ways to enhance the quality, 
    utility, and clarity of the information; (d) ways to minimize the 
    burden of the information collection on respondents, including through 
    the use of automated collection techniques or other forms of 
    information technology; and (e) estimates of capital or startup costs 
    and costs of operation, maintenance, and purchase of services to 
    provide the information.
    
        Dated: April 30, 1997.
    Karen Solomon,
    Director, Legislative & Regulatory Activities Division.
    [FR Doc. 97-11711 Filed 5-5-97; 8:45 am]
    BILLING CODE 4810-33-P
    
    
    

Document Information

Published:
05/06/1997
Department:
Comptroller of the Currency
Entry Type:
Notice
Action:
Submission for OMB review; comment request.
Document Number:
97-11711
Dates:
Comments regarding this information collection should be submitted to both the OMB Reviewer and the OCC. Comments are due on or before June 5, 1997.
Pages:
24686-24687 (2 pages)
PDF File:
97-11711.pdf