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Federal Register / Vol. 90, No. 131 / Friday, July 11, 2025 / Notices
Information collection
Respondents
Responses
1,801
10
160
10
160
10
64
50
17
73
7
11
55
73
73
1,801
10
160
50
320
40
32
50
17
14.6
7
11
55
2,190
15.33
Sampling and Testing Plan Burden for Subsequent Year Revision .........................................
Routing—Collection by Segment for Class II Railroads ............................................................
Routing—Collection by Segment for Class III Railroads ...........................................................
Routing Analysis Burden for Class II Railroads ........................................................................
Routing Analysis Burden for Class III Railroads .......................................................................
Routing Security Analysis Burden for Class II Railroads ..........................................................
Routing Security Analysis Burden for Class III Railroads .........................................................
Tank Car Retrofit Burden ..........................................................................................................
Incident Reporting for Flammable Liquids by Rail ....................................................................
Oil Spill Response Plans—Submit Reports ...............................................................................
Oil Spill Response Plan—Class I ..............................................................................................
Oil Spill Response Plan—Class II .............................................................................................
Oil Spill Response Plan—Class III ............................................................................................
Notification Plans—Maintenance ...............................................................................................
Notification Plans—DOT Request .............................................................................................
Affected Public: Shippers and carriers
of petroleum liquids transported by rail.
Annual Reporting and Recordkeeping
Burden:
Number of Respondents: 2,574.
Total Annual Responses: 4,773.
Total Annual Burden Hours: 34,757.
Frequency of Collection: On occasion.
Issued in Washington, DC, on July 9, 2025
under authority delegated in 49 CFR 1.97.
T. Glenn Foster,
Chief, Regulatory Review and Reinvention
Branch, Office of Hazardous Materials Safety,
Pipeline and Hazardous Materials Safety
Administration.
[FR Doc. 2025–13030 Filed 7–10–25; 8:45 am]
BILLING CODE 4910–60–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE
CORPORATION
Proposed Agency Information
Collection Activities; Comment
Request
Office of the Comptroller of the
Currency (OCC), Treasury; Board of
Governors of the Federal Reserve
System (Board); and Federal Deposit
Insurance Corporation (FDIC).
ACTION: Joint notice and request for
comment.
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AGENCY:
In accordance with the
requirements of the Paperwork
Reduction Act of 1995 (PRA), the OCC,
the Board, and the FDIC (the agencies)
may not conduct or sponsor, and the
respondent is not required to respond
to, an information collection unless it
displays a currently valid Office of
Management and Budget (OMB) control
SUMMARY:
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number. On September 28, 2023, the
agencies, under the auspices of the
Federal Financial Institutions
Examination Council (FFIEC), requested
public comment for 60 days on a
proposal to revise and extend the
Consolidated Reports of Condition and
Income (Call Report) (FFIEC 031, FFIEC
041, and FFIEC 051), which are
currently approved collections of
information. Included in this notice, the
Board, under the auspices of the FFIEC,
requested public comment for 60 days
on the proposal to revise and extend the
Report of Assets and Liabilities of U.S.
Branches and Agencies of Foreign Banks
(FFIEC 002) and the Report of Assets
and Liabilities of a Non-U.S. Branch that
is Managed or Controlled by a U.S.
Branch or Agency of a Foreign (NonU.S.) Bank (FFIEC 002S), which also are
currently approved collections of
information. The proposed revisions
included changes to the Call Report and
FFIEC 002 report forms and instructions
that were in response to the Financial
Accounting Standards Board’s (FASB)
Accounting Standards Update (ASU)
2022–02, ‘‘Financial Instruments—
Credit Losses (Topic 326): Troubled
Debt Restructurings and Vintage
Disclosures’’ (ASU 2022–02). The
agencies are now finalizing instructional
revisions related to the length of time
that loan modifications to borrowers
experiencing financial difficulty would
be reported in the Call Report and
FFIEC 002 forms.
DATES: Comments must be submitted on
or before August 11, 2025.
ADDRESSES: Interested parties are
invited to submit written comments to
any or all of the agencies. All comments
will be shared among the agencies.
OCC: You may submit comments by
any of the following methods:
• Email: prainfo@occ.treas.gov.
• Mail: Chief Counsel’s Office, Office
of the Comptroller of the Currency,
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Hours
per
response
10
40
40
16
8
12
4
0.5
2
0.5
162
54
36
1
1
Total
hours
18,010
400
6,400
800
2,560
480
128
25
34
7.3
1,134
594
1,980
2,190
15.33
Attention: 1557–0081, 400 7th Street
SW, Suite 3E–218, Washington, DC
20219.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0081’’ in your comment. In general, the
OCC will publish comments on
www.reginfo.gov without change,
including any business or personal
information provided, such as name and
address information, email addresses, or
phone numbers. Comments received,
including attachments and other
supporting materials, are part of the
public record and subject to public
disclosure. Do not include any
information in your comment or
supporting materials that you consider
confidential or inappropriate for public
disclosure.
You may review comments and other
related materials that pertain to this
information collection beginning on the
date of publication of the second notice
for this collection by the following
method:
• Viewing Comments Electronically:
Go to www.reginfo.gov. Hover over the
‘‘Information Collection Review’’ drop
down menu and select ‘‘Information
Collection Review.’’ Underneath the
‘‘Currently under Review’’ section
heading, from the drop-down menu
select ‘‘Department of Treasury’’ and
then click ‘‘submit.’’ This information
collection can be located by searching
by OMB control number ‘‘1557–0081.’’
Upon finding the appropriate
information collection, click on the
related ‘‘ICR Reference Number.’’ On the
next screen, select ‘‘View Supporting
Statement and Other Documents’’ and
then click on the link to any comment
listed at the bottom of the screen.
• For assistance in navigating
www.reginfo.gov, please contact the
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31112
Federal Register / Vol. 90, No. 131 / Friday, July 11, 2025 / Notices
Regulatory Information Service Center
at (202) 482–7340.
Board: You may submit comments,
which should refer to ‘‘Call Report
Revisions,’’ by any of the following
methods:
• Agency Website: http://
www.federalreserve.gov. Follow the
instructions for submitting comments at:
http://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
• Email: regs.comments@
federalreserve.gov. Include ‘‘Call Report
Revisions’’ in the subject line of the
message.
• Fax: (202) 395–6974.
• Mail: Ann E. Misback, Secretary,
Board of Governors of the Federal
Reserve System, 20th Street and
Constitution Avenue NW, Washington,
DC 20551.
All public comments are available on
the Board’s website at https://
www.federalreserve.gov/apps/foia/
proposedregs.aspx as submitted, unless
modified for technical reasons.
Accordingly, your comments will not be
edited to remove any identifying or
contact information.
FDIC: You may submit comments,
which should refer to ‘‘Call Report
Revisions,’’ by any of the following
methods:
• Agency Website: https://
www.fdic.gov/resources/regulations/
federal-register-publications/. Follow
the instructions for submitting
comments on the FDIC’s website.
• Email: comments@FDIC.gov.
Include ‘‘Call Report Revisions’’ in the
subject line of the message.
• Mail: Robert Meiers, Regulatory
Attorney, MB–3013, Federal Deposit
Insurance Corporation, 550 17th Street
NW, Washington, DC 20429.
• Hand Delivery: Comments may be
hand delivered to the guard station at
the rear of the 550 17th Street NW
building (located on F Street NW) on
business days between 7 a.m. and 5 p.m.
• Public Inspection: All comments
received, including any personal
information provided, will be posted
without change to https://www.fdic.gov/
resources/regulations/federal-registerpublications/. Commenters should
submit only information that the
commenter wishes to make available
publicly. The FDIC may review, redact,
or refrain from posting all or any portion
of any comment that it may deem to be
inappropriate for publication, such as
irrelevant or obscene material. The FDIC
may post only a single representative
example of identical or substantially
identical comments, and in such cases
will generally identify the number of
identical or substantially identical
comments represented by the posted
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19:33 Jul 10, 2025
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example. All comments that have been
redacted, as well as those that have not
been posted, that contain comments on
the merits of this document will be
retained in the public comment file and
will be considered as required under all
applicable laws. All comments may be
accessible under the Freedom of
Information Act.
Additionally, written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find these particular
information collections by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function.
FOR FURTHER INFORMATION CONTACT: For
further information about the proposed
revisions to the information collections
discussed in this notice, please contact
any of the agency staff whose names
appear below. In addition, copies of the
report forms for the Call Report can be
obtained at the FFIEC’s website (https://
www.ffiec.gov/resources/reportingforms).
OCC: Shaquita Merritt, Clearance
Officer, (202) 649–5490, Chief Counsel’s
Office, Office of the Comptroller of the
Currency, 400 7th Street SW,
Washington, DC 20219. If you are deaf,
hard of hearing, or have a speech
disability, please dial 7–1–1 to access
telecommunications relay services.
Board: Nuha Elmaghrabi, Federal
Reserve Board Clearance Officer, (202)
452–3884, Office of the Chief Data
Officer, Board of Governors of the
Federal Reserve System, 20th and C
Streets NW, Washington, DC 20551.
Telecommunications Device for the Deaf
(TDD) users may call (202) 263–4869.
FDIC: Robert Meiers, Regulatory
Attorney, MB–3013, Federal Deposit
Insurance Corporation, 550 17th Street
NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: The
comment period for the September 2023
notice 1 ended on November 27, 2023.
After considering the comments
received on the proposal, the FFIEC and
the agencies on May 22, 2024, finalized
certain proposed revisions resulting
from ASU 2022–02 but deferred action
related to the length of time that loan
modifications to borrowers experiencing
financial difficulty would be reported in
the Call Report and FFIEC 002 forms.2
The agencies have completed their
review and are revising the instructions
to align the regulatory reporting of loan
modifications to borrowers experiencing
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2 89
FR 66933 (Sept. 28, 2023).
FR 45046 (May 22, 2024).
Frm 00277
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financial difficulty with U.S. generally
accepted accounting principles (GAAP).
These revisions will be effective as of
the December 31, 2025, report date.
However, the agencies do not object if
an institution chooses to implement this
revised reporting in advance of the
effective date for the September 30,
2025, report date.
The agencies hereby give notice of
their plan to submit to OMB a request
to approve the revision and extension of
these information collections, and again
invite comment on the renewal.
I. Report Summary
A. Call Report
The agencies propose to extend for
three years, with revision, their
information collections associated with
the FFIEC 031, FFIEC 041, and FFIEC
051 Call Report.
Report Title: Consolidated Reports of
Condition and Income (Call Report).
Form Number: FFIEC 031
(Consolidated Reports of Condition and
Income for a Bank with Domestic and
Foreign Offices), FFIEC 041
(Consolidated Reports of Condition and
Income for a Bank with Domestic
Offices Only), and FFIEC 051
(Consolidated Reports of Condition and
Income for a Bank with Domestic
Offices Only and Total Assets Less Than
$5 Billion).
Frequency of Response: Quarterly.
Affected Public: Business or other forprofit.
OCC
OMB Control No.: 1557–0081.
Estimated Number of Respondents:
984 national banks and federal savings
associations.
Estimated Average Burden per
Response: 41.36 burden hours per
quarter to file.
Estimated Total Annual Burden:
162,793 burden hours to file.
Board
OMB Control No.: 7100–0036.
Estimated Number of Respondents:
709 state member banks.
Estimated Average Burden per
Response: 45.31 burden hours per
quarter to file.
Estimated Total Annual Burden:
128,499 burden hours to file.
FDIC
OMB Control No.: 3064–0052.
Estimated Number of Respondents:
2,825 insured state nonmember banks
and state savings associations.
Estimated Average Burden per
Response: 39.17 burden hours per
quarter to file.
Estimated Total Annual Burden:
442,621 burden hours to file.
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The estimated average burden hours
collectively reflect the estimates for the
FFIEC 031, the FFIEC 041, and the
FFIEC 051 reports for each agency.
When the estimates are calculated by
type of report across the agencies, the
estimated average burden hours per
quarter are 86.12 (FFIEC 031), 55.56
(FFIEC 041), and 34.99 (FFIEC 051). The
changes to the Call Report instructions
proposed in this notice would not result
in a burden change for all three Call
Reports. The estimated burden per
response for the quarterly filings of the
Call Report is an average that varies by
agency because of differences in the
composition of the institutions under
each agency’s supervision (e.g., size
distribution of institutions, types of
activities in which they are engaged,
and existence of foreign offices).
Type of Review: Extension and
revision of currently approved
collections. In addition to the proposed
revisions discussed below, the Call
Report is periodically updated to clarify
instructional guidance and correct
grammatical and typographical errors on
the forms and instructions which are
published on the FFIEC website.3 These
non-substantive updates may also be
commented upon.
Legal Basis and Need for Collections
The Call Report information
collections are mandatory: 12 U.S.C. 161
(national banks), 12 U.S.C. 324 (State
member banks), 12 U.S.C. 1817 (insured
State nonmember commercial and
savings banks), and 12 U.S.C. 1464
(Federal and State savings associations).
At present, except for selected data
items and text, these information
collections are not given confidential
treatment.
Banks and savings associations
submit Call Report data to the agencies
each quarter for the agencies’ use in
monitoring the condition, performance,
and risk profile of individual
institutions and the industry as a whole.
Call Report data serve a regulatory or
public policy purpose by assisting the
agencies in fulfilling their shared
missions of ensuring the safety and
soundness of financial institutions and
the financial system and protecting
consumer financial rights, as well as
agency-specific missions affecting
federal and state-chartered institutions,
such as conducting monetary policy,
ensuring financial stability, and
administering federal deposit insurance.
Call Reports are the source of the most
current statistical data available for
identifying areas of focus for on-site and
off-site examinations. Among other
3 https://www.ffiec.gov/resources/reporting-forms.
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purposes, the agencies use Call Report
data in evaluating institutions’ corporate
applications, including interstate merger
and acquisition applications for which
the agencies are required by law to
determine whether the resulting
institution would control more than 10
percent of the total amount of deposits
of insured depository institutions in the
United States. Call Report data also are
used to calculate the risk-based
assessments for insured depository
institutions.
B. FFIEC 002 and 002S
The Board proposes to extend for
three years, with revision, the FFIEC
002 and FFIEC 002S reports.
Report Titles: Report of Assets and
Liabilities of U.S. Branches and
Agencies of Foreign Banks; Report of
Assets and Liabilities of a Non-U.S.
Branch that is Managed or Controlled by
a U.S. Branch or Agency of a Foreign
(Non-U.S.) Bank.
Form Numbers: FFIEC 002; FFIEC
002S.
OMB Control Number: 7100–0032.
Frequency of Response: Quarterly.
Affected Public: Business or other forprofit.
Respondents: All state-chartered or
federally-licensed U.S. branches and
agencies of foreign banking
organizations, and all non-U.S. branches
managed or controlled by a U.S. branch
or agency of a foreign banking
organization.
Estimated Number of Respondents:
FFIEC 002—183; FFIEC 002S—18.
Estimated Average Burden per
Response: FFIEC 002—24.67 hours;
FFIEC 002S—6.0 hours.
Estimated Total Annual Burden:
FFIEC 002—18,058 hours; FFIEC 002S—
432 hours.
Type of Review: Extension and
revision of currently approved
collections.
The proposed revisions to the FFIEC
002 instructions in this notice would
not have a material impact on the
existing burden estimates.
Legal Basis and Need for Collection
On a quarterly basis, all U.S. branches
and agencies of foreign banks are
required to file the FFIEC 002, which is
a detailed report of condition with a
variety of supporting schedules. This
information is used to fulfill the
supervisory and regulatory requirements
of the International Banking Act of
1978. The data also are used to augment
the bank credit, loan, and deposit
information needed for monetary policy
and other public policy purposes. In
addition, FFIEC 002 data are used to
calculate the risk-based assessments for
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31113
FDIC-insured U.S. branches of foreign
banks. The FFIEC 002S is a supplement
to the FFIEC 002 that collects
information on assets and liabilities of
any non-U.S. branch that is managed or
controlled by a U.S. branch or agency of
the foreign bank. A non-U.S. branch is
managed or controlled by a U.S. branch
or agency if a majority of the
responsibility for business decisions,
including but not limited to decisions
with regard to lending or asset
management or funding or liability
management, or the responsibility for
recordkeeping in respect of assets or
liabilities for that foreign branch resides
at the U.S. branch or agency. A separate
FFIEC 002S must be completed for each
managed or controlled non-U.S. branch.
The FFIEC 002S must be filed quarterly
along with the U.S. branch or agency’s
FFIEC 002.
These information collections are
mandatory (12 U.S.C. 3105(c)(2),
1817(a)(1) and (3), and 3102(b)). Except
for select sensitive items, the FFIEC 002
is not given confidential treatment; the
FFIEC 002S is given confidential
treatment pursuant to 5 U.S.C. 552(b)(4)
and (8). The data from both reports are
used for (1) monitoring deposit and
credit transactions of U.S. residents; (2)
monitoring the impact of policy
changes; (3) analyzing structural issues
concerning foreign bank activity in U.S.
markets; (4) understanding flows of
banking funds and indebtedness of
developing countries in connection with
data collected by the International
Monetary Fund and the Bank for
International Settlements that are used
in economic analysis; and (5) assisting
in the supervision of U.S. offices of
foreign banks. The Federal Reserve
System collects and processes these
reports on behalf of all three agencies.
II. Current Actions
In the September 2023 notice 4, the
agencies proposed revisions to all three
versions of the Call Report (FFIEC 031,
FFIEC 041, and FFIEC 051), and the
Board proposed revisions to the FFIEC
002, related to FASB’s ASU 2022–02. As
proposed, institutions would have
reported loan modifications to
borrowers experiencing financial
difficulty for a minimum period of 12
months after modification and until an
institution performs a current, well
documented credit evaluation to
support that the borrower is no longer
experiencing financial difficulty, unless
the loan is paid off, charged-off, sold, or
otherwise settled. This may have been
for a period longer than financial
statement disclosures required by ASU
4 88
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FR 66933 (Sept. 28, 2023).
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Federal Register / Vol. 90, No. 131 / Friday, July 11, 2025 / Notices
2022–02. ASU 2022–02 requires that for
each period for which a statement of
income is presented, an entity shall
disclose by class of financing receivable,
qualitative and quantitative information
about receivable performance in the 12
months after a modification of a
receivable made to a debtor
experiencing financial difficulty.5
The comment period for the
September 2023 notice ended on
November 27, 2023. The agencies
received six comment letters on the
September 2023 notice, four of which
included objections to the proposed
length of time for which these
modifications would be reported on the
Call Report. These commenters
indicated that the divergence from
GAAP financial statement disclosure
requirements in accordance with ASU
2022–02 would create additional costs,
complexity, and operational challenges
without any substantial corresponding
benefit to either the institutions or the
agencies. The agencies deferred action
on the length of time for which these
modifications would be reported
pending additional review of the
proposal and the commenters’ concerns.
Current Call Report forms collect data
on loan modifications to borrowers
experiencing financial difficulty and the
instructions define the types of loan
modifications to be reported but do not
prescribe a specific duration for
reporting such modifications.
The agencies have completed their
evaluation of the comments received.
The agencies determined that
consistency with the GAAP financial
statement disclosure requirements
under ASU 2022–02 would provide
sufficient supervisory data on loan
modifications due to the debtor’s
financial difficulty. Therefore, the
agencies will revise the Call Report and
FFIEC 002 instructions to indicate that
institutions should only report those
loans that have been modified in the
previous 12 months consistent with
FASB ASC paragraph 310–10–50–42.
The agencies will revise Schedule
RC–C, Loans and Lease Financing
Receivables, Part I, Loans and Leases,
Memoranda item 1, ‘‘Loan modifications
to borrowers experiencing financial
difficulty that are in compliance with
their modified terms (included in
Schedule RC–C, Part I, and not reported
as past due or nonaccrual in Schedule
RC–N, Memorandum item 1),’’ and
Schedule RC–N, Past Due and
Nonaccrual Loans, Leases, and Other
Assets, Memoranda item 1, ‘‘Loan
modifications to borrowers experiencing
financial difficulty included in
5 See
FASB ASC paragraph 310–10–50–42.
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Schedule RC–N, items 1 through 7,
above (and not reported in Schedule
RC–C, Part I, Memorandum item 1),’’ as
well as the FFIEC 002 instructions for
Schedule N, Past Due, Nonaccrual, and
Restructured Loans, as applicable, to
align reporting of loan modifications to
borrowers experiencing financial
difficulty, as described in ASU 2022–02.
Specifically, modified loans reported in
these items should meet the definition
of loan modifications to borrowers
experiencing financial difficulty, as
described in ASU 2022–02, and include
only such modifications which occurred
in the previous 12 months.
III. Timing
The proposed revisions to the Call
Report and FFIEC 002 instructions are
proposed to become effective with the
December 31, 2025, report date.
The agencies invite comment on any
difficulties that institutions would
expect to encounter in implementing
the systems changes necessary to
accommodate the proposed revision to
the Call Report and the FFIEC 002
consistent with this effective date.
IV. Request for Comment
Public comment is requested on all
aspects of this joint notice. Comment is
specifically invited on:
(a) Whether the proposed revisions to
the collections of information that are
the subject of this notice are necessary
for the proper performance of the
agencies’ functions, including whether
the information has practical utility;
(b) The accuracy of the agencies’
estimates of the burden of the
information collections as they are
proposed to be revised, including the
validity of the methodology and
assumptions used;
(c) Ways to enhance the quality,
utility, and clarity of the information to
be collected;
(d) Ways to minimize the burden of
information collections on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and
(e) Estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Comments submitted in response to
this joint notice will be shared among
the agencies.
Dated: July 8, 2025.
Patrick T. Tierney,
Assistant Director, Office of the Comptroller
of the Currency.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
Dated at Washington, DC, on July 8, 2025.
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Federal Deposit Insurance Corporation
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2025–12935 Filed 7–10–25; 8:45 am]
BILLING CODE 4810–33–6210–01–6714–01–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Consumer Protections for
Depository Institution Sales of
Insurance
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for
comment.
AGENCY:
The OCC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites
comment on a continuing information
collection, as required by the Paperwork
Reduction Act of 1995 (PRA). In
accordance with the requirements of the
PRA, the OCC may not conduct or
sponsor, and the 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 the
renewal of its information collection
titled, ‘‘Consumer Protections for
Depository Institution Sales of
Insurance.’’ The OCC also is giving
notice that it has sent the collection to
OMB for review.
DATES: Comments must be received by
August 11, 2025.
ADDRESSES: Commenters are encouraged
to submit comments by email, if
possible. You may submit comments by
any of the following methods:
• Email: prainfo@occ.treas.gov.
• Mail: Chief Counsel’s Office,
Attention: Comment Processing, Office
of the Comptroller of the Currency,
Attention: 1557–0227, 400 7th Street
SW, Suite 3E–218, Washington, DC
20219.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
• Fax: (571) 465–4326.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0220’’ in your comment. In general, the
OCC will publish comments on
www.reginfo.gov without change,
including any business or personal
information provided, such as name and
address information, email addresses, or
phone numbers. Comments received,
SUMMARY:
E:\FR\FM\11JYN1.SGM
11JYN1
File Type | application/pdf |
File Modified | 2025-07-11 |
File Created | 2025-07-11 |