[Federal Register Volume 87, Number 179 (Friday, September 16, 2022)]
[Notices]
[Pages 57023-57024]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-20130]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Departmental Offices Information Collection 
Requests

AGENCY: Departmental Offices, Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments should be received on or before November 15, 2022 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, by the following method: Federal E-rulemaking 
Portal: http://www.regulations.gov. Follow the instructions for 
submitting comments. Refer to Docket Number TREAS-DO-2022-0016 and the 
specific Office of Management and Budget (OMB) control number 1505-
0267. For questions related to these programs, please contact David 
Meyer by emailing [email protected] or calling (202) 819-3127. 
Additionally, you can view the information collection requests at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Emergency Capital Investment Program.
    OMB Control Number: 1505-0267.
    Type of Review: Extension of a currently approved collection.
    Description: The Consolidated Appropriations Act, 2021, signed into 
law on December 27, 2020, added Section 104A of the Community 
Development Banking and Financial Institutions Act of 1994 (the 
``Act''). Section 104A authorizes the Secretary of the Treasury to 
establish the Emergency Capital Investment Program (Program) to support 
the efforts of low- and moderate-income community financial 
institutions to, among other things,

[[Page 57024]]

provide loans, grants, and forbearance for small businesses, minority-
owned businesses, and consumers, especially in low-income and 
underserved communities, including persistent poverty counties, that 
may be disproportionately impacted by the economic effects of the 
COVID-19 pandemic by providing direct and indirect capital investments 
in low-and moderate-income community financial institutions.
    Applications, a state regulator response form, and eligible 
applicant intent to participate form were previously approved under OMB 
Control Number 1505-0267. Following review of the applications, 
Treasury will enter into letter agreements (agreements) with 
participating financial institutions. These agreements contain 
standardized information collection necessary for the legal closing 
process. The agreements collect information from applicants in two 
general categories: (1) administrative information needed to facilitate 
payments and notifications and (2) disclosures to Treasury (e.g., 
litigation or exceptions to representations and warranties). 
Participants are the only parties that can provide information of this 
type to Treasury. Treasury will publish this form on the Treasury 
website. Based on this publication, Treasury will provide an 
opportunity for eligible applicants to review the terms and conditions 
of the investments prior to indicating to Treasury whether the 
institution intends to participate in the Program.
    Form Name: Letter Agreements; Applicant Notification Letter.
    Affected Public: Private Sector, Businesses or other for-profits, 
Non-profit institutions.
    Estimated Number of Respondents: 372 respondents.
    Frequency of Response: One time annually.
    Estimated Total Number of Annual Responses: 372 total responses 
(186 annual responses to Letter Agreements; 186 annual responses to 
Applicant Notification Letter).
    Estimated Time per Response: 8 hours annually for Letter 
Agreements; 15 minutes for response to Applicant Notification Letter.
    Estimated Total Annual Burden Hours: 1535 hours.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and included in the request for Office of Management 
and Budget 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 shall have 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 of information on respondents, including 
through the use of technology; and (e) estimates of capital or start-up 
costs and costs of operation, maintenance, and purchase of services 
required to provide information.
    Authority: 44 U.S.C. 3501 et seq.

Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2022-20130 Filed 9-15-22; 8:45 am]
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