[Federal Register Volume 75, Number 181 (Monday, September 20, 2010)]
[Notices]
[Pages 57330-57331]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-23421]
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DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
Community Reinvestment Act
AGENCY: Office of Thrift Supervision (OTS), Treasury.
ACTION: Notice and request for comment.
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SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to comment on proposed and continuing
information collections, as required by the Paperwork Reduction Act of
1995, 44 U.S.C. 3507. The Office of Thrift Supervision within the
Department of the Treasury will submit the proposed information
collection requirement described below to the Office of Management and
Budget (OMB) for review, as required by the Paperwork Reduction Act.
Today, OTS is soliciting public comments on its proposal to extend this
information collection.
DATES: Submit written comments on or before November 19, 2010.
ADDRESSES: Send comments, referring to the collection by title of the
proposal or by OMB approval number, to Information Collection Comments,
Chief Counsel's Office, Office of Thrift Supervision, 1700 G Street,
NW., Washington, DC 20552; send a facsimile transmission to (202) 906-
6518; or send an e-mail to [email protected]. OTS
will post comments and the related index on the OTS Internet Site at
http://www.ots.treas.gov. In addition, interested persons may inspect
comments at the Public Reading Room, 1700 G Street, NW by appointment.
To make an appointment, call (202) 906-5922, send an e-mail to
public.info@ots.treas.gov">public.info@ots.treas.gov, or send a facsimile transmission to (202)
906-7755.
FOR FURTHER INFORMATION CONTACT: You can request additional information
about this proposed information collection from Ms. Bobbie K. Kennedy
at (202) 906-6050, Office of Thrift Supervision, 1700 G Street, NW.,
Washington, DC 20552.
SUPPLEMENTARY INFORMATION: OTS may not conduct or sponsor an
information collection, and respondents are not required to respond to
an information collection, unless the information collection displays a
currently valid OMB control number. As part of the approval process, we
invite comments on the following information collection.
Comments should address one or more of the following points:
a. Whether the proposed collection of information is necessary for
the proper performance of the functions of OTS;
b. The accuracy of OTS's estimate of the burden of the proposed
information collection;
c. Ways to enhance the quality, utility, and clarity of the
information to be collected;
d. Ways to minimize the burden of the information collection on
respondents, including through the use of information technology.
We will summarize the comments that we receive and include them in
the OTS request for OMB approval. All comments will become a matter of
public record. In this notice, OTS is soliciting comments concerning
the following information collection.
Title of Proposal: Community Reinvestment Act.
OMB Number: 1550-0012.
Form Number: N/A.
Description: The Community Reinvestment Act regulation requires the
OTS, as well as the Office of the Comptroller of the Currency, the
Board of Governors of the Federal Reserve System, and the Federal
Deposit Insurance Corporation (collectively, the Agencies), to evaluate
and assign ratings
[[Page 57331]]
to the efforts of institutions to help meet the credit needs of their
communities, including low- and moderate-income neighborhoods,
consistent with safe and sound banking practices. OTS uses the
information in the examination process and in evaluating applications
for mergers, branches, and certain other corporate activities. Further,
the CRA statute requires the Agencies to issue regulations to carry out
its purposes.
OTS uses the data collected under the CRA regulations to fulfill
its obligations under the statute, including the assessment of each
institution's record of helping to meet the credit needs of its entire
community. OTS uses the data to support its conclusions regarding an
institution's record of performance, in assigning a rating, and in
preparing the written public evaluations that the statute requires when
an institution is examined. Additionally, judgments based on these data
are used in evaluating an institution's applications for mergers,
branches, and other corporate activities. The public uses this
information to assess independently the institution's CRA performance
and to participate meaningfully in the application process.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 753.
Estimated Frequency of Response: Annually; On occasion.
Estimated Total Burden: 67,210 hours.
Dated: September 14, 2010.
Ira L. Mills,
Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift
Supervision.
[FR Doc. 2010-23421 Filed 9-17-10; 8:45 am]
BILLING CODE 6720-01-P