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

CourtThe Comptroller Of The Currency Office,Treasury Department
Citation86 FR 71318
Publication Date15 December 2021
Record Number2021-27160
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
                

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