Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Extensions of Credit to Insiders and Transactions With Affiliates
Published Date: 2/2/2026
Notice
Summary
The Office of the Comptroller of the Currency (OCC) is renewing its paperwork rules about loans to insiders and deals with affiliates. This affects banks and their insiders, who must keep sharing info to stay transparent. Comments on this renewal are open until March 4, 2026, so speak up if you have thoughts!
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
Who must follow Regulations O and W
National banks, Federal savings associations, and their insiders must comply with the Federal Reserve Board's Regulation O (extensions of credit to insiders) and Regulation W (transactions with affiliates) as implemented in 12 CFR 31.2 and 31.3; Appendix A to part 31 gives guidance on deposits between affiliated banks. Section 31.3(d) lists the required contents of a written exemption request, including a detailed description of the transaction and explanations of public interest and risk to the Deposit Insurance Fund.
Paperwork renewal keeps banks reporting
The OCC is renewing its information collection (OMB Control No. 1557-0336) that requires national banks and Federal savings associations to keep records and submit information about loans to insiders and transactions with affiliates. The renewal estimates 1 respondent, 10 hours per response, and a total annual burden of 10 hours; comments on the renewal are due by March 4, 2026.
Exemption process and 60-day FDIC window
The OCC reiterates the procedures under section 608 of the Dodd-Frank Act (effective July 21, 2012) allowing a national bank or Federal savings association to request an exemption from affiliate-transaction limits. The OCC and the Federal Reserve Board must jointly find the exemption in the public interest and consistent with law, and the FDIC has 60 days to object in writing to such a finding based on risk to the Deposit Insurance Fund.
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