Federal Register: February 7, 2007 (Volume 72, Number 25)
DOCID: fr07fe07-173 FR Doc E7-1945
DEPARTMENT OF THE TREASURY
Comptroller of the Currency
DOCUMENT ACTION: Notice and request for comment.
Agency Information Collection Activities: Proposed Information Collection; Comment Request
DATES: Comments should be submitted by April 9, 2007.
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995. An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning an extension of OMB approval of the information collection titled, ``Lending Limits12 CFR 32.''
Agency information collection activities; proposals, submissions, and approvals,
Title: Lending Limits12 CFR 32.
Type of Review: Extension, without revision, of a currently approved collection.
OMB Control Number: 15570221.
Description: 12 CFR 32.7(b) established a pilot program providing [[Page 5801]]
exceptions to the lending limits for 14 family residential real estate loans and loans to small businesses. The exceptions benefit national banks, purchasers of real estate, and small businesses. This information collection requires national banks that want to take advantage of the exceptions to apply to OCC and receive approval before using the exceptions. The OCC needs the information to evaluate whether a bank is eligible to use the exceptions and to insure that the bank's safety and soundness will not be jeopardized.
Affected Public: Businesses or other forprofit.
Estimated Number of Respondents: 1,820.
Estimated Number of Responses: 1,820.
Estimated Annual Burden: 47,320 hours.
Frequency of Response: On occasion.
Comments: Comments submitted in response to this notice will be
summarized and included in the request for OMB approval. All comments
will become a matter of public record. Comments are invited on:
(a) Whether the collection is necessary for the proper performance
of the functions of the agency, including whether the information has practical utility;
(b) The accuracy of the agency's estimate of the burden of the collection of information;
(c) Ways to enhance the quality, utility, and clarity of the information to be collected;
(d) Ways to minimize the burden of the 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 information.
Dated: February 1, 2007.
Assistant Director, Legislative and Regulatory Activities Division. [FR Doc. E71945 Filed 2607; 8:45 am]
BILLING CODE 481033P
FOR FURTHER INFORMATION CONTACT
You may request additional information from Mary Gottlieb, Clearance Officer, or Camille Dickerson, (202) 874 5090, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219.