[Federal Register Volume 78, Number 118 (Wednesday, June 19, 2013)]
[Notices]
[Pages 36826-36827]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-14521]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities; Proposed Information
Collection; Submission for OMB Review: Community and Economic
Development Entities, Community Development Projects, and Other Public
Welfare Investments
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 continuing
information collection, as required by the Paperwork Reduction Act of
1995 (PRA).
Under the PRA, Federal agencies are required to publish notice in
the Federal Register concerning each proposed collection of
information, including each proposed extension of an existing
collection of information.
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 concerning its information collection
titled, ``Community and Economic Development Entities, Community
Development Projects, and Other Public Welfare Investments--12 CFR
24.'' The OCC also is giving notice that it has sent the collection to
OMB for review.
DATES: Comments must be submitted on or before July 19, 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: 1557-0194, 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.
Additionally, please send a copy of your comments by mail to: OCC
Desk Officer, 1557-0194, 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: You may 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, 400 7th
Street SW., Suite 3E-218, Mail Stop 9W-11, Washington, DC 20219.
SUPPLEMENTARY INFORMATION: In compliance with 44 U.S.C. 3507, the OCC
has submitted the following proposed collection of information to OMB
for review and clearance.
Title: Community and Economic Development Entities, Community
Development Projects, and Other Public Welfare Investments--12 CFR 24.
OMB Control No.: 1557-0194.
Type of Review: Extension of a currently approved collection.
Description: This submission covers an existing regulation and
revisions to the Part 24, Form CD-1, National Bank Community
Development Investments, contained in the regulation, which is
[[Page 36827]]
used by national banks to notify the OCC, or request OCC approval, of
certain community development investments.
Section 24.5(a) provides that an eligible national bank may make an
investment without prior notification to, or approval by, the OCC if
the bank submits an after-the-fact notification of an investment within
10 days of making the investment.
Section 24.5(a)(5) provides that a national bank that is not an
eligible bank, but that is at least adequately capitalized, and has a
composite rating of at least 3 with improving trends under the Uniform
Financial Institutions Rating System, may submit a letter to the OCC
requesting authority to submit after-the-fact notices of its
investments.
Section 24.5(b) provides that if a national bank does not meet the
requirements for after-the-fact notification, the bank must submit an
investment proposal to the OCC.
The OCC requests that OMB approve its revised estimates and extend
its approval of the information collection.
Affected Public: Individuals; Businesses or other for-profit.
Burden Estimates:
Estimated Number of Respondents: 880.
Estimated Total Annual Responses: 880.
Estimated Total Annual Burden: 1365 hours.
Frequency of Response: On occasion.
Comment: The OCC published a 60-day Federal Register notice on
April 1, 2013. (78 FR 19570). No comments were received. 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 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 startup costs and costs of operation,
maintenance, and purchase of services to provide information.
Dated: June 12, 2013.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division,
Office of the Comptroller of the Currency.
[FR Doc. 2013-14521 Filed 6-18-13; 8:45 am]
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