[Federal Register Volume 86, Number 238 (Wednesday, December 15, 2021)]
[Notices]
[Pages 71318-71319]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-27160]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Requirements; Proposed Information 
Collection; Comment Request; Community Reinvestment Act Qualifying 
Activities Confirmation Request Form

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 revised information 
collection as required by the Paperwork Reduction Act of 1995 (PRA). 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 on the proposed revision of its form titled, ``Community 
Reinvestment Act Qualifying Activities Confirmation Request Form.''

DATES: You should submit written comments by February 14, 2022.

ADDRESSES: Commenters are encouraged to submit comments by email, if 
possible. You may submit comments by any of the following methods:
     Email: [email protected].
     Mail: Chief Counsel's Office, Attention: Comment 
Processing, Office of the Comptroller of the Currency, Attention: 1557-
NEW, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
     Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219.
     Fax: (571) 465-4326.
    Instructions: You must include ``OCC'' as the agency name and 
``1557-NEW'' in your comment. In general, the OCC will publish comments 
on www.reginfo.gov without change, including any business or personal 
information provided, such as name and address information, email 
addresses, or phone numbers. 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.

[[Page 71319]]

    Following the close of this notice's 60-day comment period, the OCC 
will publish a second notice with a 30-day comment period. You may 
review comments and other related materials that pertain to this 
information collection beginning on the date of publication of the 
second notice for this collection by the method set forth in the next 
bullet. Following the close of this notice's 60-day comment period, the 
OCC will publish a second notice with a 30-day comment period.
     Viewing Comments Electronically: Go to www.reginfo.gov. 
Hover over the ``Information Collection Review'' tab. Underneath the 
``Currently under Review'' section heading, from the drop-down menu 
select ``Department of Treasury'' and then click ``submit.'' This 
information collection can be located by searching by OMB control 
number ``1557-NEW'' or ``Community Reinvestment Act Qualifying 
Activities Confirmation Request Form.'' Upon finding the appropriate 
information collection, click on the related ``ICR Reference Number.'' 
On the next screen, select ``View Supporting Statement and Other 
Documents'' and then click on the link to any comment listed at the 
bottom of the screen.
     For assistance in navigating www.reginfo.gov, please 
contact the Regulatory Information Service Center at (202) 482-7340.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance 
Officer, (202) 649-5490, Chief Counsel's Office, Office of the 
Comptroller of the Currency, 400 7th Street SW, Suite 3E-218, 
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 that 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 title 44 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 collection of information set forth 
in this document.
    Title: Community Reinvestment Act Qualifying Activities 
Confirmation Request Form.
    OMB Control No.: 1557-NEW.
    Abstract: The OCC is revising and requesting a new OMB control 
number for its form titled ``Community Reinvestment Act Qualifying 
Activities Confirmation Request Form,'' which is currently approved 
under OMB Control No. 1557-0160.
    The form was created to address the need for a qualifying 
activities confirmation process that would allow banks and interested 
parties to ascertain whether an activity qualifies under the Community 
Reinvestment Act (CRA). The process was well-received and strongly 
supported by commenters on the OCC ANPR and NPR that resulted in the 
2020 final rule. Commenters on the OCC's September 2021 CRA NPR 
expressed support for such a confirmation system and, thus, the OCC has 
determined that it is important to implement a better-designed system 
to more effectively and efficiently allow for the confirmation of CRA 
qualifying activities. The proposed revised form includes the following 
changes:
     The relocation of the regulation citation checklist of 
qualifying activities from the submitter portion of the form to the OCC 
portion of the form to reduce burden on the submitter and more 
accurately capture the qualifying basis of a CRA activity.
     The relocation of the activity title field from the 
submitter portion of the form to the OCC portion of the form to reduce 
burden on the submitter and permit the OCC to develop an appropriate 
and unique identifying title of the activity for the qualifying 
activities confirmation request decision list and the CRA Illustrative 
List of Qualifying Activities, when applicable.
     The relocation of the activity short description field 
from the submitter portion of the form to the OCC portion of the form 
to reduce burden on the submitter and permit the OCC to develop a 
unique, appropriate identifying short description of the activity for 
the qualifying activities confirmation request decision list and the 
CRA Illustrative List of Qualifying Activities, when applicable.
     The addition of a new field to the submitter portion of 
the form to provide for the identification of a contact's bank or 
organization, if applicable, as that entity may differ from the bank or 
organization conducting the activity.
     The elimination of the OCC portion of the form from the 
publicly-available submitter portion of the form consistent with the 
integration of the OCC portion of the form into a web-based platform 
that eliminates use of the Adobe Acrobat format in conducting the 
review of submitted activities.
     The revision of regulatory citations in the form.
     The addition of a field indicating whether the activity 
occurred between October 1, 2021, and December 31, 2021.
    Type of Review: Regular.
    Affected Public: Businesses or other for-profit; individuals.
    Number of Respondents: 120.
    Frequency of Response: On occasion.
    Total Annual Burden: 2,280 hours.
    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 agency, including whether 
the information has practical utility;
    (b) The accuracy of the agency'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 start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

Patrick T. Tierney,
Assistant Director, Bank Advisory, Office of the Comptroller of the 
Currency.
[FR Doc. 2021-27160 Filed 12-14-21; 8:45 am]
BILLING CODE 4810-33-P