[Federal Register Volume 81, Number 46 (Wednesday, March 9, 2016)]
[Notices]
[Pages 12565-12566]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-05208]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Comment Request; Disclosure and Reporting of CRA-Related 
Agreements

AGENCY: Office of the Comptroller of the Currency, Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The Office of the Comptroller of the Currency (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).
    An agency may not conduct or sponsor, and a respondent is not 
required to respond to, an information collection unless it displays a 
currently valid OMB control number.
    The OCC is soliciting comment concerning its information collection 
titled, ``Disclosure and Reporting of CRA-Related Agreements.''

DATES: Comments must be received by May 9, 2016.

[[Page 12566]]


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: 1557-0219, 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 or, for persons who are deaf or hard of hearing, 
TTY, (202) 649-5597. Upon arrival, visitors will be required to present 
valid government-issued photo identification and 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 include any information in your comment or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance 
Officer, (202) 649-5490 or, 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, Washington, DC 
20219.

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), Federal 
agencies must obtain approval from the Office of Management and Budget 
(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 notice of the proposed 
collection of information set forth in this document.
    The OCC is proposing to extend, without change, OMB approval of the 
following information collection:
    Title: Disclosure and Reporting of CRA-Related Agreements.
    OMB Control No.: 1557-0219.
    Description: National banks, Federal savings associations, and 
their affiliates (institutions) occasionally enter into agreements with 
nongovernmental entities or persons (NGEPs) that are related to their 
Community Reinvestment Act (CRA) responsibilities. Section 48 of the 
Federal Deposit Insurance Act (FDI Act)\1\ requires disclosure of 
certain of these agreements and imposes reporting requirements on 
institutions and other insured depository institutions (IDIs), their 
affiliates, and NGEPs. As mandated by the FDI Act, the OCC, the Federal 
Deposit Insurance Corporation, and the Federal Reserve Board issued 
regulations to implement these disclosure and reporting requirements. 
The disclosure and reporting provisions of these regulations constitute 
collections of information under the PRA. The regulation issued by the 
OCC is codified at 12 CFR part 35, and the collections of information 
contained in that regulation are known as ``CRA Sunshine.''
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    \1\ 12 U.S.C. 1831y.
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    Section 48 of the FDI Act applies to written agreements that: (1) 
Are made in fulfillment of the CRA; (2) involve funds or other 
resources of an IDI or affiliate with an aggregate value of more than 
$10,000 in a year or loans with an aggregate principal value of more 
than $50,000 in a year; and (3) are entered into by an IDI or affiliate 
of an IDI and an NGEP.\2\
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    \2\ 12 U.S.C. 1831y(e).
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    The parties to a covered agreement must make the agreement 
available to the public and the appropriate agency.\3\ The parties also 
must file a report annually with the appropriate agency concerning the 
disbursement, receipt, and use of funds or other resources under the 
agreement.\4\ The collections of information in CRA Sunshine implement 
these statutorily mandated disclosure and reporting requirements. The 
parties to the agreement may request confidential treatment of 
proprietary and confidential information in an agreement or annual 
report.\5\
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    \3\ 12 U.S.C. 1831y(a).
    \4\ 12 U.S.C. 1831y(b)-(c).
    \5\ 12 CFR 35.8; see 12 U.S.C. 1831y(h)(2)(A).
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    The information collections are found in 12 CFR 35.4(b); 35.6(b)-
(d); and 35.7(b) and (f).
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals; Businesses or other for-profit.
    Estimated Number of Respondents: 14.
    Estimated Total Annual Burden: 1,026.
    Comments submitted in response to this notice will be summarized, 
included in the request for OMB approval, and 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 information 
collection burden;
    (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.

    Dated: March 3, 2016.
Mary Hoyle Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division.
[FR Doc. 2016-05208 Filed 3-8-16; 8:45 am]
 BILLING CODE 4810-33-P