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[Federal Register Volume 63, Number 1 (Friday, January 2, 1998)]
[Notices]
[Pages 123-124]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-34219]

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DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund

Proposed Collection; Comment Request

ACTION: Notice and request for comments.

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SUMMARY: The Department of Treasury, 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 
proposed and/or continuing information collections, as required by the 
Paperwork Reduction Act of 1995, Pub. L. 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the Community Development Financial 
Institutions Fund (the Fund) within the Department of the Treasury is 
soliciting comments concerning the Community Development Financial 
Institutions (CDFI) Program.

DATES: Written comments should be received on or before March 3, 1998 
to be assured of consideration.

ADDRESSES: Direct all comments to the Director, Community Development 
Financial Institutions Fund, U.S. Department of the Treasury, 601 13th 
Street, NW, Suite 200 South, Washington, D.C. 20005, Fax Number (202) 
622-7754.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form(s) and instructions should be directed to the 
Community Development Financial Institutions Fund, U.S. Department of 
the Treasury, 601 13th Street, NW, Suite 200 South, Washington, D.C. 
20005, or call (202) 622-8662.

SUPPLEMENTARY INFORMATION:

    Title: Community Development Financial Institutions Program.
    OMB Number: 1505-0154.

[[Page 124]]

    Abstract: The purpose of the Community Development Banking and 
Financial Institutions Act of 1994 (Act) was to create the Fund to 
promote economic revitalization and community development through 
investment in and assistance to Community Development Financial 
Institutions (CDFIs). The investments by the CDFI Program are intended 
to facilitate the creation of a national network of financial 
institutions that is dedicated to community development.
    Current Actions: The Fund is in the process of making revisions to 
its regulations (12 CFR part 1805), application and assistance 
agreements, in order to publish a Notice of Funds Availability (NOFA) 
for the third round of the CDFI Program.
    Type of review: Extension with change.
    Affected Public: Community development financial institutions.
    Estimated Number of Respondents (Application): 250.
    Estimated Number of Recordkeepers: 125.
    Estimated Annual Frequency of Responses (Application): 1.
    Estimated Annual Frequency of Reporting and Recordkeeping: 5.
    Estimated Annual Time Per Respondent (Application): 100 hours.
    Estimated Annual Time Per Recordkeeper: 36 hours.
    Estimated Total Annual Burden Hours: 29,500 hours.

Requests for Comments

    Comments submitted in response to this notice will be summarized 
and/or 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 shall 
have 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 of information on 
respondents, including through the use of technology; and (e) estimates 
of capital or start-up costs and costs of operation, maintenance, and 
purchase of services to provide information.

    Authority: 12 U.S.C. 4703, 4717; chapter X, Pub. L. 104-19, 109 
Stat. 237 (12 U.S.C. 4703 note), 12 CFR part 1805.

    Dated: December 29, 1997.
Maurice A. Jones,
Acting Deputy Director, Community Development Financial Institutions 
Fund.
[FR Doc. 97-34219 Filed 12-31-97; 8:45 am]
BILLING CODE 4810-70-P
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