[Federal Register Volume 85, Number 146 (Wednesday, July 29, 2020)]
[Notices]
[Pages 45635-45636]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-16392]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0092]


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: The FDIC, as part of its obligations under the Paperwork 
Reduction Act of 1995 (PRA), invites the general public and other 
Federal agencies to take this opportunity to comment on the renewal of 
the existing information collection described below (OMB Control No. 
3064-0092).

DATES: Comments must be submitted on or before September 28, 2020.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     https://www.FDIC.gov/regulations/laws/federal.
     Email: [email protected]. Include the name and number of 
the collection in the subject line of the message.
     Mail: Manny Cabeza (202-898-3767), Regulatory Counsel, MB-
3128, Federal Deposit Insurance Corporation, 550 17th Street NW, 
Washington, DC 20429.
     Hand Delivery: Comments may be hand-delivered to the guard 
station at the rear of the 17th Street NW, building (located on F 
Street), on business days between 7:00 a.m. and 5:00 p.m.
    All comments should refer to the relevant OMB control number. A 
copy of the comments may also be submitted to the OMB desk officer for 
the FDIC: Office of Information and Regulatory Affairs, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503.

FOR FURTHER INFORMATION CONTACT: Manny Cabeza, Regulatory Counsel, 202-
898-3767, [email protected], MB-3128, Federal Deposit Insurance 
Corporation, 550 17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently 
approved collections of information:
    1. Title: Community Reinvestment Act.
    OMB Number: 3064-0092.
    Form Number: None.
    Affected Public: Insured state nonmember banks and state savings 
associations.

                                                 Burden Estimate
----------------------------------------------------------------------------------------------------------------
                                                                     Estimated        Average          Total
       Source and type of burden               Description           number of    estimated time     estimated
                                                                    respondents     per response   annual burden
----------------------------------------------------------------------------------------------------------------
345.25(b) Reporting...................  Request for designation                1               4               4
                                         as a wholesale or
                                         limited purpose bank--
                                         Banks requesting this
                                         designation shall file
                                         a request in writing
                                         with the FDIC at least
                                         3 months prior to the
                                         proposed effective date
                                         of the designation.
345.27 Reporting......................  Strategic plan--Applies               10             400           4,000
                                         to banks electing to
                                         submit strategic plans
                                         to the FDIC for
                                         approval.
345.42(b)(1) Reporting................  Small business/small                 277               8           2,216
                                         farm loan data--Large
                                         banks shall and Small
                                         banks may report
                                         annually in machine
                                         readable form the
                                         aggregate number and
                                         amount of certain loans.
345.42(b)(2) Reporting................  Community development                277              13           3,601
                                         loan data--Large banks
                                         shall and Small banks
                                         may report annually, in
                                         machine readable form,
                                         the aggregate number
                                         and aggregate amount of
                                         community development
                                         loans originated or
                                         purchased.
345.42(b)(3) Reporting................  Home mortgage loans--                357             253          90,321
                                         Large banks, if subject
                                         to reporting under part
                                         203 (Home Mortgage
                                         Disclosure (HMDA)),
                                         shall, and Small banks
                                         may report the location
                                         of each home mortgage
                                         loan application,
                                         origination, or
                                         purchase outside the
                                         MSA in which the bank
                                         has a home/branch
                                         office.
345.42(d) Reporting...................  Data on affiliate                    311              38          11,818
                                         lending--Banks that
                                         elect to have the FDIC
                                         consider loans by an
                                         affiliate, for purposes
                                         of the lending or
                                         community development
                                         test or an approved
                                         strategic plan, shall
                                         collect, maintain and
                                         report the data that
                                         the bank would have
                                         collected, maintained,
                                         and reported pursuant
                                         to Sec.   345.42(a),
                                         (b), and (c) had the
                                         loans been originated
                                         or purchased by the
                                         bank. For home mortgage
                                         loans, the bank shall
                                         also be prepared to
                                         identify the home
                                         mortgage loans reported
                                         under HMDA.
345.42(e) Reporting...................  Data on lending by a                 103              17           1,751
                                         consortium or a third
                                         party--Banks that elect
                                         to have the FDIC
                                         consider community
                                         development loans by a
                                         consortium or a third
                                         party, for purposes of
                                         the lending or
                                         community development
                                         tests or an approved
                                         strategic plan, shall
                                         report for those loans
                                         the data that the bank
                                         would have reported
                                         under Sec.
                                         345.42(b)(2) had the
                                         loans been originated
                                         or purchased by the
                                         bank.
345.42(g) Reporting...................  Assessment area data--               380               2             760
                                         Large banks shall and
                                         Small banks may collect
                                         and report to the FDIC
                                         a list for each
                                         assessment area showing
                                         the geographies within
                                         the area.
                                                                 -----------------------------------------------
    Total Reporting...................  ........................  ..............  ..............         114,471
345.42(a) Recordkeeping...............  Small business/small                 380             219          83,220
                                         farm loan register--
                                         Large banks shall and
                                         Small banks may collect
                                         and maintain certain
                                         data in machine-
                                         readable form.
345.42(c) Recordkeeping...............  Optional consumer loan                10              26           3,260
                                         data--All banks may
                                         collect and maintain in
                                         machine readable form
                                         certain data for
                                         consumer loans
                                         originated or purchased
                                         by a bank for
                                         consideration under the
                                         lending test.
345.42(c)(2) Recordkeeping............  Other loan data--All                 103              25           2,575
                                         banks optionally may
                                         provide other
                                         information concerning
                                         their lending
                                         performance, including
                                         additional loan
                                         distribution data.
                                                                 -----------------------------------------------
    Total Recordkeeping...............  ........................  ..............  ..............          89,055

[[Page 45636]]

 
345.41(a) 345.43(a); (a)(1); (a)(2);    Content and availability           3,309              10          33,090
 (a)(3); (a)(4); (a)(5); (a)(6);         of public file--All
 (a)(7); (b)(1); (b)(2); (b)(3);         banks shall maintain a
 (b)(4); (b)(5); (c); (d) Disclosure.    public file that
                                         contains certain
                                         required information.
                                                                 -----------------------------------------------
    Total Disclosure..................  ........................  ..............  ..............          33,090
                                                                 -----------------------------------------------
        Total Estimated Annual Burden.  ........................  ..............  ..............   236,616 hours
----------------------------------------------------------------------------------------------------------------

    General Description of Collection: The Community Reinvestment Act 
regulation requires the FDIC to assess the record of banks and thrifts 
in helping 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.
    There is no change in the method or substance of the collection. 
The overall decrease in burden hours is a result of the decrease in the 
estimated number of respondents.
    Request for Comment: Comments are invited on: (a) Whether the 
collection of information is necessary for the proper performance of 
the FDIC's functions, including whether the information has practical 
utility; (b) the accuracy of the estimates of the burden of the 
information collection, including the validity of the methodology and 
assumptions used; (c) ways to enhance the quality, utility, and clarity 
of the information to be collected; and (d) ways to minimize the burden 
of the collection of information on respondents, including through the 
use of automated collection techniques or other forms of information 
technology. All comments will become a matter of public record.

Federal Deposit Insurance Corporation.

    Dated at Washington, DC, on July 23, 2020.
James P. Sheesley,
Acting Assistant Executive Secretary.
[FR Doc. 2020-16392 Filed 7-28-20; 8:45 am]
BILLING CODE 6714-01-P