[Federal Register Volume 81, Number 142 (Monday, July 25, 2016)]
[Notices]
[Pages 48499-48500]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-17488]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Submission for OMB Review; 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 the renewal of its 
information collection titled, ``Disclosure and Reporting of CRA-
Related Agreements.'' The OCC also is giving notice that it has sent 
the collection to OMB for review.

DATES: Comments must be received by August 24, 2016.

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

[[Page 48500]]

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.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-0219, 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: 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:  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: On March 9, 2016, the OCC issued a 60-day notice 
soliciting comment on this information collection, 81 FR 12565. The OCC 
received one comment from an individual.
    The commenter stated that the collection is necessary and has 
practical utility. The commenter suggested that the OCC amend 12 CFR 
35.6 to require that national banks and Federal savings associations 
publish covered agreements on their Web sites and that the OCC post 
them on its Web site as well. The CRA Sunshine statute set forth in 
section 48 of the FDI Act requires that the Federal banking agencies' 
CRA Sunshine regulations protect proprietary and confidential 
information of parties.\6\ In order to comply with that statutory 
requirement, the OCC will make covered agreements and annual reports 
available to the public in accordance with the Freedom of Information 
Act (FOIA) \7\ and the OCC's rules regarding the availability of 
information under the FOIA.\8\
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    \6\ 12 U.S.C. 1831y(h)(2)(A).
    \7\ 5 U.S.C. 552 et seq.
    \8\ 12 CFR part 4, subpart b; see 12 CFR 35.8.
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    The commenter believed that the burden estimates may be low as 
institutions may not be aware of the filing requirements in Sec.  
35.6(d). The commenter requested that the OCC discuss how the estimates 
were derived and whether the possibility of underreporting was factored 
into the estimates. The estimates were obtained by counting the number 
of actual filings received. Failure to report due to a lack of 
awareness of the filing requirements in Sec.  35.6 was not considered 
as this is not within the scope of the PRA.
    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 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: July 19, 2016.
Karen Solomon,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2016-17488 Filed 7-22-16; 8:45 am]
 BILLING CODE 4810-33-P