[Federal Register Volume 72, Number 9 (Tuesday, January 16, 2007)]
[Notices]
[Page 1802]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-388]



[[Page 1802]]

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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Proposed Information 
Collection; Comment Request

AGENCY: Office of the Comptroller of the Currency, Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The Office of the Comptroller of the Currency (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. 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 OMB control 
number. The OCC is soliciting comment concerning its information 
collection titled, ``Disclosure and Reporting of CRA-Related Agreements 
(12 CFR Part 35).''

DATES: Comments must be received by March 19, 2007.

ADDRESSES: Communications Division, Office of the Comptroller of the 
Currency, Public Information Room, Mailstop 1-5, Attention: 1557-0219, 
250 E Street, SW., Washington, DC 20219. In addition, comments may be 
sent by fax to (202) 874-4448, or by electronic mail to 
[email protected]. You can inspect and photocopy the comments 
at the OCC's Public Information Room, 250 E Street, SW., Washington, DC 
20219. You can make an appointment to inspect the comments by calling 
(202) 874-5043.
    Additionally, you should send a copy of your comments to OCC Desk 
Officer, 1557-0219, 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 Gottlieb, OCC Clearance Officer, 
or Camille Dickerson, (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: Disclosure and Reporting of CRA-Related Agreements (12 CFR 
Part 35).
    OMB Number: 1557-0219.
    Description: This submission covers an existing regulation and 
involves no change to the regulation, the information collection 
requirements, or the burden estimates. The OCC requests only that OMB 
extend its approval of the information collection.
    National banks and their affiliates (hereinafter referred to 
collectively as national banks) occasionally enter into agreements with 
nongovernmental entities or persons (NGEPs) that are related to 
national banks' Community Reinvestment Act (CRA) responsibilities. 
Section 48 of the Federal Deposit Insurance Act (FDI Act) requires 
disclosure of certain of these agreements, and imposes reporting 
requirements on national banks and other insured depository 
institutions (IDIs), their affiliates, and NGEPs. 12 U.S.C. 1831y. As 
mandated by the FDI Act, the OCC, the Federal Deposit Insurance 
Corporation, the Federal Reserve Board, and the Office of Thrift 
Supervision issued regulations to implement these disclosure and 
reporting requirements. The reporting provisions of these regulations 
constitute collections of information under the Paperwork Reduction Act 
(PRA). The regulation issued by the OCC is codified at 12 CFR 35; the 
collections of information contained in that regulation are known as 
``CRA Sunshine.''
    Section 48 of the FDI Act applies to written agreements that: (1) 
Are made in fulfillment of the CRA, (2) involve funds or other 
resources of an IDI or affiliate with an aggregate value of more than 
$10,000 in a year, or loans with an aggregate principal value of more 
than $50,000 in a year, and (3) are entered into by an IDI or affiliate 
of an IDI and a NGEP. 12 U.S.C. 1831y(e).
    The parties to a covered agreement must make the agreement 
available to the public and the appropriate agency. The parties also 
must file a report annually with the appropriate agency concerning the 
disbursement, receipt and use of funds or other resources under the 
agreement. The collections of information in CRA Sunshine implement 
these statutorily mandated disclosure and reporting requirements. The 
parties to the agreement may request confidential treatment of 
proprietary and confidential information in an agreement or annual 
report. 12 CFR 35.8. 12 U.S.C. 1831y(a)-(c).
    The information collections are found in 12 CFR 35.4(b); 
35.6(b)(1); 35.6(c)(1); 35.6(d)(1)(i) and (ii); 35.6(d)(2); 35.7(b); 
and 35.7(f)(2)(ii).
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals; Businesses or other for-profit.
    Estimated Number of Respondents: 362.
    Estimated Total Annual Responses: 2,813.
    Frequency of Response: On occasion.
    Estimated Total Annual Burden: 3,899.
    Comments submitted in response to this notice will be summarized, 
included in the request for OMB approval, and 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 9, 2007.
Stuart Feldstein,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. E7-388 Filed 1-12-07; 8:45 am]
BILLING CODE 4810-33-P