[Federal Register Volume 78, Number 118 (Wednesday, June 19, 2013)]
[Notices]
[Pages 36826-36827]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-14521]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities; Proposed Information 
Collection; Submission for OMB Review: Community and Economic 
Development Entities, Community Development Projects, and Other Public 
Welfare Investments

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and Request for Comment.

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SUMMARY: The 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 (PRA).
    Under the PRA, Federal agencies are required to publish notice in 
the Federal Register concerning each proposed collection of 
information, including each proposed extension of an existing 
collection of information.
    In accordance with the requirements of the PRA, the OCC may not 
conduct or sponsor, and the respondent is not required to respond to, 
an information collection unless it displays a currently valid Office 
of Management and Budget (OMB) control number.
    The OCC is soliciting comment concerning its information collection 
titled, ``Community and Economic Development Entities, Community 
Development Projects, and Other Public Welfare Investments--12 CFR 
24.'' The OCC also is giving notice that it has sent the collection to 
OMB for review.

DATES: Comments must be submitted on or before July 19, 2013.

ADDRESSES: Because paper mail in the Washington, DC area and at the OCC 
is subject to delay, commenters are encouraged to submit comments by 
email if possible. Comments may be sent to: Legislative and Regulatory 
Activities Division, Office of the Comptroller of the Currency, 
Attention: 1557-0194, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-
11, Washington, DC 20219. In addition, comments may be sent by fax to 
(571) 465-4326 or by electronic mail to [email protected]. 
You may personally inspect and photocopy comments at the OCC, 400 7th 
Street SW., Washington, DC 20219. For security reasons, the OCC 
requires that visitors make an appointment to inspect comments. You may 
do so by calling (202) 649-6700. Upon arrival, visitors will be 
required to present valid government-issued photo identification and to 
submit to security screening in order to inspect and photocopy 
comments.
    All comments received, including attachments and other supporting 
materials, are part of the public record and subject to public 
disclosure. Do not enclose any information in your comment or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-0194, U.S. Office of Management and Budget, 725 17th 
Street NW., 10235, Washington, DC 20503, or by email to: oira 
[email protected].

FOR FURTHER INFORMATION CONTACT: You may request additional information 
or a copy of the collection from Johnny Vilela or Mary H. Gottlieb, OCC 
Clearance Officers, (202) 649-5490, Legislative and Regulatory 
Activities Division, Office of the Comptroller of the Currency, 400 7th 
Street SW., Suite 3E-218, Mail Stop 9W-11, Washington, DC 20219.

SUPPLEMENTARY INFORMATION: In compliance with 44 U.S.C. 3507, the OCC 
has submitted the following proposed collection of information to OMB 
for review and clearance.
    Title: Community and Economic Development Entities, Community 
Development Projects, and Other Public Welfare Investments--12 CFR 24.
    OMB Control No.: 1557-0194.
    Type of Review: Extension of a currently approved collection.
    Description: This submission covers an existing regulation and 
revisions to the Part 24, Form CD-1, National Bank Community 
Development Investments, contained in the regulation, which is

[[Page 36827]]

used by national banks to notify the OCC, or request OCC approval, of 
certain community development investments.
    Section 24.5(a) provides that an eligible national bank may make an 
investment without prior notification to, or approval by, the OCC if 
the bank submits an after-the-fact notification of an investment within 
10 days of making the investment.
    Section 24.5(a)(5) provides that a national bank that is not an 
eligible bank, but that is at least adequately capitalized, and has a 
composite rating of at least 3 with improving trends under the Uniform 
Financial Institutions Rating System, may submit a letter to the OCC 
requesting authority to submit after-the-fact notices of its 
investments.
    Section 24.5(b) provides that if a national bank does not meet the 
requirements for after-the-fact notification, the bank must submit an 
investment proposal to the OCC.
    The OCC requests that OMB approve its revised estimates and extend 
its approval of the information collection.
    Affected Public: Individuals; Businesses or other for-profit.
    Burden Estimates:
Estimated Number of Respondents: 880.
Estimated Total Annual Responses: 880.
Estimated Total Annual Burden: 1365 hours.
    Frequency of Response: On occasion.
    Comment: The OCC published a 60-day Federal Register notice on 
April 1, 2013. (78 FR 19570). No comments were received. Comments 
continue to be invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC'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: June 12, 2013.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency.
[FR Doc. 2013-14521 Filed 6-18-13; 8:45 am]
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