[Federal Register Volume 75, Number 69 (Monday, April 12, 2010)]
[Notices]
[Pages 18569-18570]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-8202]


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

DEPARTMENT OF THE TREASURY


Departmental Offices; Proposed Collection; Comment Request

ACTION: Notice and request for comments.

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

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 Office of Financial Stability (OFS) is soliciting 
comments concerning the banks and thrifts, banks and thrifts exchange, 
and credit union applications for the Community Development Capital 
Initiative.

DATES: Written comments should be received on or before June 11, 2010 
to be assured of consideration.

ADDRESSES: Direct all written comments to Department of the Treasury, 
Daniel Abramowitz, 1500 Pennsylvania Avenue, NW., Washington, DC 20220; 
(202) 927-9645.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form(s) and instructions should be directed as above.

SUPPLEMENTARY INFORMATION:
    Title: Troubled Asset Relief Program (TARP)--Community Development 
Capital Initiative (CDCI).
    OMB Control Number: 1505-0223.
    Abstract: Authorized under the Emergency Economic Stabilization Act 
(EESA) of 2008 (Pub. L. 110-343), the Department of the Treasury is 
implementing several aspects of the Troubled Asset Relief Program. The 
statute provides the Secretary broad authority to purchase and insure 
mortgage assets, and to purchase any other financial instrument that 
the Secretary, in consultation with the Federal Reserve Chairman, 
determines necessary to stabilize our financial markets--including 
equity securities. The TARP is comprised of several components 
including a voluntary Community Development Capital Initiative (CDCI) 
under which the Department may purchase qualifying assets from U.S. 
banking organizations that are certified Community Development 
Financial Institutions (CDFI). Treasury, through Federal banking and 
credit union agencies, is seeking applicant information for financial 
institutions that seek participation in the CDCI.
    Eligible institutions include bank holding companies, financial 
holding companies, insured depository institutions, credit unions, and 
savings and loan holding companies that engage solely or predominately 
in activities that are permissible for financial holding companies 
under relevant law. To qualify, the applicant must be established and 
operating in the United States and may not be controlled by a foreign 
bank or company, and must be a certified CDFI. Additionally, CDFIs that 
have participated in and have outstanding obligations under the TARP 
Capital Purchase Program (CPP) may apply to request an exchange of 
securities purchased under CPP by Treasury, for securities to be issued 
to Treasury under the CDCI. Eligibility to participate in the CDCI 
solely for purposes of exchanging outstanding obligations under CPP 
shall occur without regard to whether the institution seeks to 
participate in the CDCI for purposes of receiving additional capital. 
Institutions seeking additional capital under the CDCI shall submit a 
separate application for that purpose.
    The application information will be used to determine eligibility 
and participation in the CDCI.
    Type of Review: Extension without change to a currently approved 
information collection.
    Affected Public: Private sector: Businesses or other for-profits.
    Estimated Number of Respondents: 200.
    Estimated Total Annual Burden Hours: 400 hours.
    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 shall 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the collection of information including the validity of 
the methodology and assumption used; (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

[[Page 18570]]

on respondents, including through the use of automated collection 
techniques or other forms of information technology; and (e) estimates 
of capital or start-up costs and costs of operation, maintenance, and 
purchase of services to provide information.

    Dated: April 5, 2010.
Daniel Abramowitz,
Office of Financial Stability PRA Program Officer.
[FR Doc. 2010-8202 Filed 4-9-10; 8:45 am]
BILLING CODE 4810-25-P