[Federal Register Volume 62, Number 229 (Friday, November 28, 1997)]
[Notices]
[Page 63419]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-31285]


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DEPARTMENT OF THE TREASURY


Community Development Financial Institutions Fund; Proposed 
Collection; Comment Request

ACTION: Notice and request for comments.

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SUMMARY: The Department of Treasury, as part of its continuing effort 
to reduce paperwork and respondent burden, invites the general public 
and other Federal agencies to take this opportunity to comment on 
proposed and/or continuing information collections, as required by the 
Paperwork Reduction Act of 1995, Pub.L. 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the Community Development Financial 
Institutions Fund (the Fund) within the Department of the Treasury is 
soliciting comments concerning the Bank Enterprise Award (BEA) Program.

DATES: Written comments should be received on or before January 27, 
1998 to be assured of consideration.

ADDRESSES: Direct all comments to Jeannine Jacokes, Community 
Development Financial Institutions Fund, U.S. Department of the 
Treasury, 601 13th Street, NW, Suite 200 South, Washington, D.C. 20005, 
Fax Number (202) 622-7754.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form(s) and instructions should be directed to the 
Community Development Financial Institutions Fund, U.S. Department of 
the Treasury, 601 13th Street, NW, Suite 200 South, Washington, D.C. 
20005, or call (202) 622-8662.

SUPPLEMENTARY INFORMATION:

    Title: Bank Enterprise Award Program.
    OMB Number: 1505-0153.
    Abstract: The purpose of the Community Development Banking and 
Financial Institutions Act of 1994 (Act) was to create the Fund to 
promote economic revitalization and community development through 
investment in and assistance to Community Development Financial 
Institutions (CDFIs). The Fund's BEA Program helps achieve this purpose 
through an incentive system for insured depository institutions to, 
among other things, increase their lending to and investment in CDFIs 
by rewarding participating institutions with awards.
    Current Actions: The Fund is in the process of making minor 
technical revisions to its regulations (12 CFR part 1806), application 
and final report, in order to publish a Notice of Funds Availability 
(NOFA) for the third round of the BEA Program.
    Type of review: Extension with change.
    Affected Public: Insured depository institutions.
    Estimated Number of Respondents: 70-75.
    Estimated Time Per Respondent: Application: 10; Final Report: 7.
    Estimated Total Annual Burden Hours: 1,240.

Requests for Comments

    Comments submitted in response to this notice will be summarized 
and/or included in the request for OMB approval. All comments will 
become a 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 shall 
have 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 of information on 
respondents, including through the use of technology; and (e) estimates 
of capital or start-up costs and costs of operation, maintenance, and 
purchase of services to provide information.

    Authority: 12 U.S.C. 1834a, 4701, 4704, 4713; 12 CFR part 1806.

    Dated: November 28, 1997.
Maurice A. Jones,
Acting Deputy Director.
[FR Doc. 97-31285 Filed 11-26-97; 8:45 am]
BILLING CODE 4810-70-P