[Federal Register Volume 75, Number 227 (Friday, November 26, 2010)]
[Notices]
[Pages 72870-72871]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-29682]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Community Reinvestment Act

AGENCY: Office of Thrift Supervision (OTS), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The proposed information collection request (ICR) described 
below has been submitted to the Office of Management and Budget (OMB) 
for review and approval, as required by the Paperwork Reduction Act of 
1995. OTS is soliciting public comments on the proposal.

DATES: Submit written comments on or before December 27, 2010. A copy 
of this ICR, with applicable supporting documentation, can be obtained 
from RegInfo.gov at http://www.reginfo.gov/public/do/PRAMain.

ADDRESSES: Send comments, referring to the collection by title of the 
proposal or by OMB approval number, to OMB and OTS at these addresses: 
Office of Information and Regulatory Affairs, Attention: Desk Officer 
for OTS, U.S. Office of Management and Budget, 725 17th Street, NW., 
Room 10235, Washington, DC 20503, or by fax to (202) 393-6974; and 
Information Collection Comments, Chief Counsel's Office, Office of 
Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, by fax to 
(202) 906-6518, or by e-mail to [email protected]. 
OTS will post comments and the related index on the OTS Internet Site 
at http://www.ots.treas.gov. In addition, interested persons may 
inspect comments at the Public Reading Room, 1700 G Street, NW., 
Washington, DC 20552 by appointment. To make an appointment, call (202) 
906-5922, send an e-mail to public.info@ots.treas.gov">public.info@ots.treas.gov, or send a 
facsimile transmission to (202) 906-7755.

FOR FURTHER INFORMATION CONTACT: For further information or to obtain a 
copy of the submission to OMB, please contact Ira L. Mills at 
[email protected], or call (202) 906-6531, or facsimile number 
(202) 906-6518, Regulations and Legislation Division, Chief Counsel's 
Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, 
DC 20552.

SUPPLEMENTARY INFORMATION: OTS may not conduct or sponsor an 
information collection, and respondents are not required to respond to 
an information collection, unless the information collection displays a 
currently valid OMB control number. As part of the approval process, we 
invite comments on the following information collection.
    Title of Proposal: Community Reinvestment Act.
    OMB Number: 1550-0012.
    Form Number: N/A.
    Description: The Community Reinvestment Act regulation requires the 
OTS, as well as the Office of the Comptroller of the Currency, the 
Board of Governors of the Federal Reserve System, and the Federal 
Deposit Insurance Corporation (collectively, the Agencies), to evaluate 
and assign ratings to the efforts of institutions to help meet the 
credit needs of their communities, including low- and moderate-income 
neighborhoods, consistent with safe and sound banking practices. OTS 
uses the information in the examination process and in evaluating 
applications for mergers, branches, and certain other corporate 
activities. Further, the CRA statute requires the Agencies to issue 
regulations to carry out its purposes.

[[Page 72871]]

    OTS uses the data collected under the CRA regulations to fulfill 
its obligations under the statute, including the assessment of each 
institution's record of helping to meet the credit needs of its entire 
community. OTS uses the data to support its conclusions regarding an 
institution's record of performance, in assigning a rating, and in 
preparing the written public evaluations that the statute requires when 
an institution is examined. Additionally, judgments based on these data 
are used in evaluating an institution's applications for mergers, 
branches, and other corporate activities. The public uses this 
information to assess independently the institution's CRA performance 
and to participate meaningfully in the application process.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit.
    Estimated Number of Respondents: 753.
    Estimated Frequency of Response: Annually; On occasion.
    Estimated Total Burden: 67,210 hours.
    Clearance Officer: Ira L. Mills, (202) 906-6531, Office of Thrift 
Supervision, 1700 G Street, NW., Washington, DC 20552.

    Dated: November 19, 2010.
Ira L. Mills,
Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift 
Supervision.
[FR Doc. 2010-29682 Filed 11-24-10; 8:45 am]
BILLING CODE 6720-01-P