Agency Information Collection Requirements; Proposed Information Collection; Comment Request; Community Reinvestment Act Qualifying Activities Confirmation Request Form
| Citation | 86 FR 71318 |
| Record Number | 2021-27160 |
| Published date | 15 December 2021 |
| Section | Notices |
| Court | The Comptroller Of The Currency Office,Treasury Department |
Federal Register, Volume 86 Issue 238 (Wednesday, December 15, 2021)
[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
