[Federal Register Volume 68, Number 50 (Friday, March 14, 2003)]
[Notices]
[Pages 12401-12402]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-6147]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Notice of Proposed Information Collection for Public Comment: 
Community Development Financial Institutions Fund, Bank Enterprise 
Award Program, 2003-2004 Application

AGENCY: Community Development Financial Institutions Fund, Department 
of the Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The proposed information collection requirement, concerning 
the Community Development Financial

[[Page 12402]]

Institutions Fund (the Fund) Bank Enterprise Award (BEA) Program 2003-
2004 Application, pursuant to which insured depository institutions (as 
defined by 12 U.S.C. 1813(c)(2)) may apply to the Fund for awards for 
performing certain qualified activities (as defined by 12 CFR 
1806.103(mm)), will be submitted to the Office of Management and Budget 
(OMB) for review as required by the Paperwork Reduction Act. The Fund 
is soliciting public comments on the subject proposal.

DATES: Written and electronic comments on the subject proposal must be 
submitted to the Fund by May 13, 2003.

ADDRESSES: Interested persons are invited to submit comments regarding 
the subject proposal. Comments should refer to the proposal by name and 
should be sent by mail to: Margaret Nilson, Depository Institutions 
Manager, CDFI Fund, 601 Thirteenth Street, NW., Suite 200, Washington 
DC 20005; by e-mail to [email protected]; or by facsimile at 
(202) 622-8244. This is not a toll free number.

FOR FURTHER INFORMATION CONTACT: Margaret Nilson, Depository 
Institutions Manager, CDFI Fund, 601 Thirteenth Street, NW., Suite 200, 
Washington DC 20005; telephone number: (202) 622-8917. This is not a 
toll free number. Copies of the proposed application form and other 
available information may be obtained from Ms. Nilson, or on the BEA 
page of the Fund's Web site, at: http://www.cdfifund.gov.

SUPPLEMENTARY INFORMATION: The Fund will submit the proposed 
information collection to OMB for review, as required by the Paperwork 
Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended). This notice 
is soliciting comments from members of the public and affected 
organizations concerning the proposed collection of information to: (1) 
Evaluate whether the proposed collection of information is necessary to 
insure proper performance of the functions of the Fund, including 
whether the information will have practical utility; (2) evaluate the 
accuracy of the Fund's estimate of the burden of the proposed 
collection of information; (3) enhance the quality, utility and clarity 
of the information to be collected; and (4) minimize the burden of the 
collection of information on those who are to respond, including 
through use of appropriate automated collection techniques or other 
forms of information technology, e.g., permitting electronic submission 
of responses. Please note: The fund may not consider public comments in 
the event that OMB determines that modifications to the proposed 
information collection are not substantive and thus do not require that 
the Fund obtain public comments prior to issuing the 2003-2004 BEA 
Application.
    This Notice also lists the following information:
    Title of Proposal: Community Development Financial Institutions 
Fund Bank Enterprise Award Program 2003-2004 Application.
    Description of the need for information and proposed use: The Fund, 
a wholly owned government corporation within the Department of the 
Treasury, is administering the FY 2003 and FY 2004 funding rounds of 
its BEA Program, pursuant to that certain Notice of Funds Availability 
(NOFA), published in the Federal Register, on February 4, 2003, at 68 
FR 5727 (2003). As provided in the NOFA, the Fund will make awards to 
insured depository institutions, based upon such institutions' 
completion of certain qualified activities, as reported in the 
application. The application will solicit information concerning: 
applicants' eligibility to participate in the BEA Program; the 
character and quantity (value) of applicants' activities, and the 
extent to which such activities may be qualified activities; and 
appropriate supporting documentation. The questions that the 
application contains, and the information generated thereby, will 
enable the Fund to evaluate applicants' activities and determine the 
extent of applicants' eligibility for a BEA Program award.
    Members of the affected public: Every insured depository 
institution that applies to the Fund for an award under the BEA Program 
will be required to submit an application. One hundred fifty-nine (159) 
such insured depository institutions applied to participate in the FY 
2002 funding round.
    Estimation of the total number of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response: The Fund estimates that completing 
each application will take 15 hours, for a total maximum burden hour 
estimate of 2,385 hours (based upon the number of applicants to the BEA 
Program in the FY 2002 funding round) .
    Total Estimated Annual Burden Hours: 2,385 hours.
    Status of the proposed information collection: Pending OMB 
approval.

    Authority: The Paperwork Reduction Act of 1995, 44 U.S.C. 
Chapter 35, as amended; 12 U.S.C. 1834a; 12 U.S.C. 4713.

    Dated: March 10, 2003.
Tony T. Brown,
Director, Community Development Financial Institutions Fund.
[FR Doc. 03-6147 Filed 3-13-03; 8:45 am]
BILLING CODE 4810-70-P