[Federal Register Volume 76, Number 56 (Wednesday, March 23, 2011)]
[Notices]
[Pages 16476-16477]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-6853]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Proposed Agency
Information Collection Activities; Comment Request
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: Notice and request for comment.
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SUMMARY: 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 its information collection
titled, ``Community Reinvestment Act Regulations.''
DATES: Comments must be submitted on or before May 23, 2011.
ADDRESSES: Communications Division, Office of the Comptroller of the
Currency, Mail Stop 2-3, Attention: 1557-0160, 250 E Street, SW.,
Washington, DC 20219. In addition, comments may be sent by fax to (202)
874-5274, or by electronic mail to [email protected]. You may
personally inspect and photocopy comments at the OCC, 250 E Street,
SW., Washington, DC.
For security reasons, the OCC requires that visitors make an
appointment to inspect comments. You may do so by calling (202) 874-
4700. Upon arrival, visitors will be required to present valid
government-issued photo identification and to submit to security
screening in order to inspect and photocopy comments.
Additionally, please send a copy of your comments to OCC Desk
Officer, 1557-0160, by mail to U.S. Office of Management and Budget,
725 17th Street, NW., 10235, Washington, DC 20503, or by fax
to (202) 395-6974.
FOR FURTHER INFORMATION CONTACT: You can request additional information
or a copy of the collection from Mary H. Gottlieb, (202) 874-5090,
Legislative and Regulatory Activities Division, Office of the
Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219.
SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval
of the following information collection:
Title: Community Reinvestment Act Regulations.
OMB Control Number: 1557-0160.
Description: The Community Reinvestment Act (CRA) requires the
Federal banking agencies (Agencies) to assess the record of banks and
savings associations in helping to meet the credit needs of their
entire communities, including low- and moderate-income neighborhoods,
consistent with safe and sound operations; and to take this record into
account in evaluating applications for mergers, branches, and certain
other corporate activities.\1\ The CRA statute requires the Agencies to
issue regulations to carry out its purposes.\2\
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\1\ 12 U.S.C. 2903.
\2\ 12 U.S.C. 2905.
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Each Agency must provide written CRA evaluations of the
institutions they supervise. The public portion of each written
evaluation must present the Agency's conclusions with respect to the
CRA performance standards identified in its regulations; include the
facts and data supporting those conclusions; and contain the
institution's CRA rating and the basis for that rating.
The data collection requirements in the CRA regulations are
necessary for the Agencies to examine, assess, and assign a rating to
an institution's CRA performance and to prepare the public section of
the written CRA performance evaluation.
Type of Review: Regular review.
Affected Public: Business or other for-profit.
Estimated Number of Respondents: 1,441.
Estimated Frequency of Response: On occasion.
Estimated Total Annual Burden: 109,835 hours.
An agency may not conduct or sponsor, and a respondent is not
required to respond to, an information collection unless the
information collection displays a currently valid OMB control number.
Comments submitted in response to this notice will be summarized
and/or included in the request for OMB approval. All comments will
become a
[[Page 16477]]
matter of public record. Comments are invited on:
(a) Whether the collection of information 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 start-up costs and costs of operation,
maintenance, and purchase of services to provide the information to the
OCC.
Dated: March 17, 2011.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division,
Office of the Comptroller of the Currency.
[FR Doc. 2011-6853 Filed 3-22-11; 8:45 am]
BILLING CODE 4810-33-P