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DEPARTMENT OF THE TREASURY
Comptroller of the Currency
NOTICE: NOTICES
DOCUMENT ACTION: Notice and request for comment.
SUBJECT CATEGORY: Agency Information Collection Activities: Proposed Information Collection; Comment Request
DATES: Comments must be submitted on or before May 23, 2008.
DOCUMENT SUMMARY: The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995. 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 Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning its information collection titled, ``Community Reinvestment Act Regulation12 CFR 25.'' The OCC is also giving notice that it has submitted the collection to OMB for review.
SUMMARY: Agency Information Collection Activities; Proposals, Submissions, and Approvals,
SUPPLEMENTAL INFORMATION
The OCC is proposing to extend OMB approval of the following information collection:Title: Community Reinvestment Act Regulation12 CFR part 25.
OMB Control Number: 15570160.
Description: The CRA requires the Federal banking agencies (Agencies) to assess the record of banks and savings associations in helping to meet the credit needs of their entire communities, including low and moderateincome neighborhoods, consistent with safe and sound operations; and to take this record into account in evaluating applications for mergers, branches, and certain other corporate activities. The CRA statute requires the Agencies to issue regulations to carry out its purposes.
Each Agency must provide written CRA evaluations of the institutions they supervise. The public portion of each written evaluation must present the agency's conclusions with respect to the CRA performance standards identified in its regulations; include the facts and data supporting those conclusions; and contain the institution's CRA rating and the basis for that rating.
The data collection requirements in the CRA regulations are
necessary for the Agencies to examine, assess, and assign a rating to
an institution's CRA performance and to prepare the public section of the written CRA performance evaluation.
Type of Review: Regular review.
Affected Public: Business or other forprofit.
Estimated Number of Respondents: 1,712.
Estimated Total Annual Responses: 1,712.
Estimated Frequency of Response: On occasion.
Estimated Time per Respondent: 70.84 hours.
Estimated Total Annual Burden: 121,282 hours.
An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless the information collection displays a currently valid OMB control number.
On February 15, 2008, the OCC published a notice in the Federal
Register soliciting comments for 60 days on this information collection
(73 FR 8930). The OCC received no comments. Comments continue to be 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 startup costs and costs of operation,
maintenance, and purchase of services to provide the information to the OCC.
Dated: April 17, 2008.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency.
[FR Doc. E88740 Filed 42208; 8:45 am]
BILLING CODE 481033P
FOR FURTHER INFORMATION CONTACT You can request additional information or a copy of the collection from Mary Gottlieb, (202) 8745090, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219. [[Page 22006]]
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