[Federal Register Volume 73, Number 170 (Tuesday, September 2, 2008)]
[Notices]
[Page 51343]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-20182]


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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 the 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, Public Law 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 Application.

DATES: Written comments should be received on or before November 3, 
2008 to be assured of consideration.

ADDRESSES: Direct all comments to Jodie Harris, Depository Institutions 
Program Advisor, at the Community Development Financial Institutions 
Fund, U.S. Department of the Treasury, 601 13th Street, NW., Suite 200 
South, Washington, DC 20005, by e-mail to [email protected] or by 
facsimile to (202) 622-7754. This is not a toll free number.

FOR FURTHER INFORMATION CONTACT: The BEA Program application may be 
obtained from the BEA page of the Fund's Web site at http://www.cdfifund.gov. Requests for additional information should be 
directed to Jodie Harris, Depository Institutions Program Advisor, 
Community Development Financial Institutions Fund, U.S. Department of 
the Treasury, 601 13th Street, NW., Suite 200 South, Washington, DC 
20005, or call (202) 622-6355. This is not a toll free number.

SUPPLEMENTARY INFORMATION:
    Title: Bank Enterprise Award Program Application.
    OMB Number: 1559-0005.
    Abstract: The purpose of the BEA Program is to provide an incentive 
to insured depository institutions to increase their activities in the 
form of loans, investments, services, and technical assistance, within 
distressed communities and provide financial assistance to community 
development financial institutions through grants, stock purchases, 
loans, deposits, and other forms of financial and technical assistance. 
The Fund will make awards through the BEA Program 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 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.
    Current Actions: New collection.
    Type of Review: Regular review.
    Affected Public: Insured depository institutions.
    Estimated Number of Respondents: 60.
    Estimated Annual Time per Respondent: 15 hours.
    Estimated Total Annual Burden Hours: 900 hours.
    Requests for Comments: Comments submitted in response to this 
notice will be summarized and/or included in the request for Office of 
Management and Budget approval. All comments will become a matter of 
public record and will be published on the CDFI Fund Web site at http://www.cdfifund.gov. Comments are invited on: (a) Whether the collection 
of information is necessary for the proper performance of the functions 
of the Fund, including whether the information shall have practical 
utility; (b) the accuracy of the Fund'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, 4703, 4703 note, 4713, 4717; 31 
U.S.C 321; 12 CFR part 1806.

    Dated: August 25, 2008.
Donna J. Gambrell,
Director, Community Development Financial Institutions Fund.
[FR Doc. E8-20182 Filed 8-29-08; 8:45 am]
BILLING CODE 4810-70-P