[Federal Register Volume 78, Number 50 (Thursday, March 14, 2013)]
[Notices]
[Pages 16361-16362]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-05832]
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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 13, 2013.
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. Upon
arrival, visitors will be required to present valid government-issued
photo identification and to 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 enclose any information in your comment or
supporting materials that you consider confidential or inappropriate
for public disclosure.
FOR FURTHER INFORMATION CONTACT: You can request additional information
or a copy of the collection from Johnny Vilela or Mary H. Gottlieb, OCC
Clearance Officers, (202) 649-5490, 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 (12 CFR
Parts 35 and 133).
OMB Control No.: 1557-0219.
Description: This submission covers an existing regulation and
involves no change to the regulation or the information collection
requirements. The OCC requests only that OMB extend its approval of the
information collection.
National banks, Federal savings associations and their affiliates
(institutions) occasionally enter into agreements with nongovernmental
entities or persons (NGEPs) through their Community Reinvestment Act
(CRA) responsibilities. Section 48 of the Federal Deposit Insurance Act
(FDI Act) requires disclosure of certain of these agreements, and
imposes reporting requirements on institutions and other insured
depository institutions (IDIs), their affiliates, and NGEPs. 12 U.S.C.
1831y. 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 reporting
provisions of these regulations constitute collections of information
under the PRA. The regulations issued by the OCC
[[Page 16362]]
and the former Office of Thrift Supervision are codified at 12 CFR 35
and 133; the collections of information contained in that regulation
are known as ``CRA Sunshine.''
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. 12 U.S.C. 1831y(e).
The parties to a covered agreement must make the agreement
available to the public and the appropriate agency. 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. 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. 12 CFR 35.8; 12 U.S.C. 1831y(a)-(c).
The information collections are found in 12 CFR 35.4(b); 35.6(b)-
(d); 35.7(b) and (f); 133.4(b); 133.6(b)-(d); and 133.7(b) and (f).
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals; Businesses or other for-profit.
Estimated Number of Respondents: 388. Estimated Total Annual
Burden: 800.
Comments submitted in response to this notice will be summarized,
included in the request for OMB approval, and 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 7, 2013.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 2013-05832 Filed 3-13-13; 8:45 am]
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