[Federal Register Volume 76, Number 209 (Friday, October 28, 2011)]
[Notices]
[Page 67021]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-27973]


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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 ``CDFI 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 December 27, 
2011 to be assured of consideration.

ADDRESSES: Direct all comments to Mia Sowell, Policy and Program 
Officer, at the Community Development Financial Institutions Fund, U.S. 
Department of the Treasury, 601 13th Street NW., Suite 200 South, 
Washington, DC 20005, by email 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 CDFI Fund's Web site at http://www.cdfifund.gov. Requests for additional information should be 
directed to Mia Sowell, Policy and Program Officer, 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 CDFI 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 CDFI Fund to evaluate applicants' activities 
and determine the extent of applicants' eligibility for a BEA Program 
award.
    Current Actions: Renewed collection.
    Type of Review: Regular Review.
    Affected Public: FDIC insured depository institutions.
    Estimated Number of Respondents: 75.
    Estimated Annual Time per Respondent: 15 hours.
    Estimated Total Annual Burden Hours: 1,125 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 CDFI Fund, including whether the information shall have 
practical utility; (b) the accuracy of the CDFI 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: October 21, 2011.
Donna J. Gambrell,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2011-27973 Filed 10-27-11; 8:45 am]
BILLING CODE 4810-70-P