[Federal Register Volume 79, Number 80 (Friday, April 25, 2014)]
[Notices]
[Pages 23058-23059]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-09478]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Comment Request; Community Reinvestment Act Regulations

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 a notice in 
the Federal Register concerning each proposed collection of 
information, including each proposed extension of an existing 
collection of information and to allow 60 days for public comment in 
response to the notice.
    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 
Reinvestment Act Regulations.''

DATES: Comments must be submitted on or before June 24, 2014.

ADDRESSES: Because paper mail in the Washington, DC area and at the OCC 
is

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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: 1557-0160, 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.

FOR FURTHER INFORMATION CONTACT: Johnny Vilela or Mary H. Gottlieb, OCC 
Clearance Officers, (202) 649-5490, for persons who are deaf or hard of 
hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities 
Division, Office of the Comptroller of the Currency, 400 7th Street 
SW., Washington, DC 20219.

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), Federal 
agencies must obtain approval from the OMB for each collection of 
information they conduct or sponsor. ``Collection of information'' is 
defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency 
requests or requirements that members of the public submit reports, 
keep records, or provide information to a third party. Section 
3506(c)(2)(A) of the PRA (44 U.S.C. 3506(c)(2)(A)) requires Federal 
agencies to provide a 60-day notice in the Federal Register concerning 
each proposed collection of information, including each proposed 
extension of an existing collection of information, before submitting 
the collection to OMB for approval. To comply with this requirement, 
the OCC is publishing a notice of the proposed collection of 
information set forth in this document.
    The OCC is proposing to extend OMB approval of the following 
information collection:
    Title: Community Reinvestment Act Regulations.
    OMB Control Number: 1557-0160.
    Description: The Community Reinvestment Act (CRA) requires the 
Federal banking agencies (Agencies) to assess the record of banks and 
savings associations in helping to meet the credit needs of their 
entire communities, including low- and moderate-income neighborhoods, 
consistent with safe and sound operations; and to take this record into 
account in evaluating applications for mergers, branches, and certain 
other corporate activities.\1\ The CRA statute requires the Agencies to 
issue regulations to carry out its purposes.\2\
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    \1\ 12 U.S.C. 2903.
    \2\ 12 U.S.C. 2905.
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    Each Agency must provide written CRA evaluations of the 
institutions they supervise. The public portion of each written 
evaluation must present the Agency's conclusions with respect to the 
CRA performance standards identified in its regulations; include the 
facts and data supporting those conclusions; and contain the 
institution's CRA rating and the basis for that rating.
    The data collection requirements in the CRA regulations are 
necessary for the Agencies to examine, assess, and assign a rating to 
an institution's CRA performance and to prepare the public section of 
the written CRA performance evaluation.
    Type of Review: Regular review.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 1,693.
    Estimated Total Annual Burden: 142,463 hours.
    Comments: 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 OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimate of the burden of the 
information collection;
    (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 start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

Stuart E. Feldstein,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 2014-09478 Filed 4-24-14; 8:45 am]
BILLING CODE 4810-33-P