[Federal Register Volume 63, Number 20 (Friday, January 30, 1998)]
[Notices]
[Pages 4692-4693]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-2288]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Proposed Information Collection; 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 take this opportunity to comment on a continuing 
information collection, as required by the Paperwork Reduction Act of 
1995. Currently, the OCC is soliciting comment concerning its proposed 
renewal without change of an information collection titled Community 
Reinvestment Act Regulation--12 CFR part 25.

DATES: Written comments should be submitted by March 31, 1998.

ADDRESSES: Direct all written comments to the Communications Division, 
Attention: 1557-0160, Third Floor, Office of the Comptroller of the 
Currency, 250 E Street, SW, Washington, DC 20219. In addition, comments 
may be sent by facsimile transmission to (202) 874-5274, or by 
electronic mail to [email protected].

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the collection may be obtained by contacting Jessie Gates, 
(202) 874-5090, Legislative and Regulatory Activities Division (1557-
0160), Office of the Comptroller of the Currency, 250 E Street, SW, 
Washington, DC 20219.

SUPPLEMENTARY INFORMATION:

[[Page 4693]]

    Title: Community Reinvestment Act Regulation--12 CFR Part 25.
    OMB Number: 1557-0160.
    Form Number: None.
    Abstract: The OCC is requesting comment on its proposed renewal 
without change of the information collections contained in 12 CFR Part 
25. The OCC uses this information to assess each national bank's record 
of meeting the credit needs of its community, as required by the 
Community Reinvestment Act of 1977 (12 U.S.C. 2901 et seq.). The Act 
requires the OCC to assess and evaluate the efforts of national banks 
to help meet the credit needs of their communities, including low- and 
moderate-income neighborhoods, consistent with safe and sound 
operations. These records are used in evaluating applications for 
mergers, branches, and other corporate activities. The collections of 
information are found in 12 CFR 25.25, 25.27, 25.29, 25.41, 25.42, and 
25.43. The OCC uses the records in the examination process to evaluate 
a bank's CRA performance. The public uses the information to assess the 
bank's CRA performance and to participate meaningfully in the 
application process.
    Type of Review: Renewal, without change, of OMB approval.
    Affected Public: Businesses or other for-profit.
    Number of Respondents: 3,076.
    Total Annual Responses: 3,076.
    Frequency of Response: Occasional.
    Total Annual Burden: 57,044 burden hours.

Comments

    Comments submitted in response to this notice will be summarized 
and 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 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 startup costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: January 23, 1998.
Karen Solomon,
Director, Legislative and Regulatory Activities Division.
[FR Doc. 98-2288 Filed 1-29-98; 8:45 am]
BILLING CODE 4810-33-P