51446 Federal Register / Vol. 86, No. 176 / Wednesday, September 15, 2021 / Notices 

Secondary Loan Commitment Form) 

will encompass OMB Control Number 

1559–0044. 

Title: CDFI Bond Guarantee Program 

Secondary Loan Commitment Form 

required by 12 CFR part 

1808.101(d)(1)(2). 

OMB Number: 1559–0044. 

Abstract: The purpose of the 

Community Development Financial 

Institutions (CDFI) Bond Guarantee 

Program (BG Program) is to support 

CDFI lending by providing Guarantees 

for Bonds issued by Qualified Issuers as 

part of a Bond Issue for Eligible 

Community or Economic Development 

Purposes. The BG Program provides 

CDFIs with a source of long-term capital 

and further the mission of the CDFI 

Fund to increase economic opportunity 

and promote community development 

investments for underserved 

populations and distressed communities 

in the United States. The CDFI Fund 

achieves its mission by promoting 

access to capital and local economic 

growth by investing in, supporting, and 

training Community Development 

Financial Institutions (CDFIs). 

In compliance with OMB Circular A– 

129, the CDFI Bond Guarantee Program 

will collect all necessary information to 

manage the portfolio effectively and 

track progress towards policy goals and 

statutory and regulatory requirements. 

The reporting forms are necessary for 

the Department of the Treasury’s review 

and impact analysis on the current and 

proposed use of Bond Proceeds in 

underserved communities and to 

support the CDFI Fund in proactively 

managing regulatory compliance. Risk 

detection and mitigation are crucial 

activities for the long-term operation 

and viability of the CDFI Bond 

Guarantee Program. The Department of 

the Treasury’s authority to collect this 

information and the specified data 

collection area and parameters are 

consistent with the requirements 

contained in 12 CFR part 

1808.101(d)(1)(2) of the CDFI Bond 

Guarantee Program Interim Rule. 

Current Actions: New Collection 

(Tertiary Loan Monitoring Report). 

Type of Review: Regular Review. 

Affected Public: Approved Eligible 

CDFIs and Qualified Issuers (QI). 

Estimated Number of Eligible CDFI 

and QI Respondents: 15. 

Estimated Annual Time per Eligible 

CDFI and QI Respondent: 1.66 hours. 

Estimated Total Annual Burden 

Hours: 300 hours. 

Current Actions: Renewal (Qualified 

Issuer and Guarantee Applications, 

Secondary Loan Requirements 

Certification, FCM, PLM, and Annual 

Assessment Reports, and Secondary 

Loan Commitment Form). 

Type of Review: Regular Review. 

Affected Public: Approved Eligible 

CDFIs and Qualified Issuers (QI). 

Estimated Number of Eligible CDFI 

and QI Respondents: 40. 

Estimated Annual Time per Eligible 

CDFI and QI Respondent: 100.694 

hours. 

Estimated Total Annual Burden 

Hours: 9,630 hours. 

Requests for Comments 

Copies of the forms can be found at 

CDFI Bond Guarantee Program | 

Community Development Financial 

Institutions Fund (cdfifund.gov). 

Comments submitted in response to this 

notice will be summarized and/or 

included in the request for Office of 

Management and Budget approval. All 

comments will become a matter of 

public record and may be published on 

the CDFI Fund website at http://

www.cdfifund.gov. Comments are 

invited on: (a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

CDFI Fund, including whether the 

information shall have practical utility; 

(b) the accuracy of the CDFI Fund’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. 

The CDFI Fund specifically requests 

comments concerning the following 

questions: (1) Is there any input that the 

general public would like to share 

regarding our current information 

collection? 

(2) Does the proposed TLM Report 

provide clarity on the expectations for 

meeting the requirements contained in 

12 CFR part 1808.101(d)(1)(2)? 

(3) Is there additional information or 

guidance that the CDFI Fund can 

provide to clarify the commitment test 

review process? 

(4) Does the proposed TLM report 

contain the appropriate data points to 

ensure that it verifies the amount of 

collateralization pledged against the 

secondary loans for approved CDFIs that 

use the CDFI-to-financing entity asset 

class? 

Authority: 12 CFR part 1808. 

Jodie L. Harris, 

Director, Community Development Financial 

Institutions Fund. 

[FR Doc. 2021–19865 Filed 9–14–21; 8:45 am] 

BILLING CODE 4810–70–P 

DEPARTMENT OF THE TREASURY 

Community Development Financial 

Institutions Fund 

Title: Community Development 

Advisory Board Notice of Open 

Meeting. 

Action: Notice of open meeting. 

Executive Summary: This notice 

announces an open meeting of the 

Community Development Advisory 

Board (the Advisory Board), which 

provides advice to the Director of the 

Community Development Financial 

Institutions Fund (CDFI Fund). This 

meeting will be conducted virtually. A 

link to the livestream of the meeting 

will be posted at the top of 

www.cdfifund.gov/cdab the morning of 

the meeting. 

Dates: The meeting will be held from 

3:30 p.m. to 5:00 p.m. Eastern Time on 

Thursday, September 30, 2021. 

Submission of Written Statements: 

Participation in the discussions at the 

meeting will be limited to Advisory 

Board members, Department of the 

Treasury staff, and certain invited 

guests. Anyone who would like to have 

the Advisory Board consider a written 

statement must submit it by 5:00 p.m. 

Eastern Time on Wednesday, September 

22, 2021. Send electronic statements to 

AdvisoryBoard@cdfi.treas.gov. 

In general, the CDFI Fund will make 

all statements available in their original 

format, including any business or 

personal information provided such as 

names, addresses, email addresses, or 

telephone numbers, for virtual public 

inspection and copying. The CDFI Fund 

is open on official business days 

between the hours of 9:00 a.m. and 5:00 

p.m. Eastern Time. You can make 

arrangements to virtually inspect 

statements by emailing AdvisoryBoard@

cdfi.treas.gov. All statements received, 

including attachments and other 

supporting materials, are part of the 

public record and subject to public 

disclosure. You should only submit 

information that you wish to make 

publicly available. 

For Further Information: Contact Bill 

Luecht, Senior Advisor, Office of 

Legislative and External Affairs, CDFI 

Fund; (202) 653–0322 (this is not a toll 

free number); or AdvisoryBoard@

cdfi.treas.gov. Other information 

regarding the CDFI Fund and its 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 86, No. 176 / Wednesday, September 15, 2021 / Notices 51447 

programs may be obtained through the 

CDFI Fund’s website at 

www.cdfifund.gov. 

Supplementary Information: Section 

104(d) of the Riegle Community 

Development and Regulatory 

Improvement Act of 1994 (Pub. L. 103– 

325), which created the CDFI Fund, 

established the Advisory Board. The 

charter for the Advisory Board has been 

filed in accordance with the Federal 

Advisory Committee Act, as amended (5 

U.S.C. App.), and with the approval of 

the Secretary of the Treasury. 

The function of the Advisory Board is 

to advise the Director of the CDFI Fund 

(who has been delegated the authority to 

administer the CDFI Fund) on the 

policies regarding the activities of the 

CDFI Fund. The Advisory Board does 

not advise the CDFI Fund on approving 

or declining any particular application 

for monetary or non-monetary awards. 

In accordance with section 10(a) of 

the Federal Advisory Committee Act, 5 

U.S.C. App. 2 and the regulations 

thereunder, Bill Luecht, Designated 

Federal Officer of the Advisory Board, 

has ordered publication of this notice 

that the Advisory Board will convene an 

open meeting, which will be conducted 

virtually, from 3:30 p.m. to 5:00 p.m. 

Eastern Time on Thursday, September 

30, 2021. Members of the public who 

wish to view the meeting can access the 

link to the livestream of the meeting at 

the top of www.cdfifund.gov/cdab. 

The Advisory Board meeting will 

include remarks by Treasury officials, 

the swearing-in of new members, a 

report from the CDFI Fund Director on 

the activities of the CDFI Fund since the 

last Advisory Board meeting, and a 

discussion of future priorities. 

Authority: 12 U.S.C. 4703. 

Jodie L. Harris, 

Director, Community Development Financial 

Institutions Fund. 

[FR Doc. 2021–19866 Filed 9–14–21; 8:45 am] 

BILLING CODE 4810–70–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Regulation Project 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service, 

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 continuing 

information collections, as required by 

the Paperwork Reduction Act of 1995. 

The IRS is soliciting comments 

concerning the foreign account tax 

compliance act registration. 

DATES: Written comments should be 

received on or before November 15, 

2021 to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Kinna Brewington, Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form should be directed to 

Kerry Dennis, at (202) 317–5751 or 

Internal Revenue Service, Room 6526, 

1111 Constitution Avenue NW, 

Washington, DC 20224, or through the 

internet, at Kerry.Dennis@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Foreign Account Tax 

Compliance Act (FATCA) registration. 

OMB Number: 1545–2246. 

Form Numbers: 8966, 8957, 8966–C, 

8809–I, and 8508–I. 

Abstract: The IRS developed these 

forms under the authority of IRC section 

1471(b), which was added by Public 

Law 111–47, section 501(a). Section 

1471 is part of the Foreign Account Tax 

Compliance Act (FATCA) legislative 

framework to obtain reporting from 

foreign financial institutions on the 

accounts held in their institutions by 

U.S. persons. Form 8957, Foreign 

Account Tax Compliance Act (FATCA) 

Registration information is to be used by 

a foreign financial institution to apply 

for status as a foreign financial 

institution as defined in IRC 1471(b)(2). 

The information from Form 8966, 

FATCA Report, is to be used by a 

responsible officer of a foreign 

institution to apply for a foreign account 

tax compliance Act individual 

identification number as defined in IRC 

1471(b)(2). Form 8966–C is used to 

authenticate the Form 8966, U.S. 

Income Tax Return for Estates and 

Trusts, and to ensure the ability to 

identify discrepancies between the 

number of forms received versus those 

claimed to have been sent by the filer. 

Taxpayers use Form 8508–I to request a 

waiver from filing Form 8966 

electronically. Form 8809–I is used to 

request an initial or additional 

extension of time for file 8966 for the 

current year. 

Current Actions: There is no change 

in the form or paperwork burden 

previously approved by OMB. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Form 8957 

Estimated Number of Respondents: 

30,620. 

Estimated Time per Response: 8 

hours, 7 minutes. 

Estimated Total Annual Burden 

Hours: 249,247. 

Form 8966 

Estimated Number of Respondents: 

5,429,560. 

Estimated Time per Response: 25 

minutes. 

Estimated Total Annual Burden 

Hours: 2,280,415. 

Form 8966–C 

Estimated Number of Respondents: 

1,000. 

Estimated Time per Response: 7 

minutes. 

Estimated Total Annual Burden 

Hours: 120. 

Form 8508–I 

Estimated Number of Respondents: 

100. 

Estimated Time per Response: 4 hrs., 

17 minutes. 

Estimated Total Annual Burden 

Hours: 429. 

Form 8809–I 

Estimated Number of Respondents: 

5,000. 

Estimated Time per Response: 3 hrs., 

22 minutes. 

Estimated Total Annual Burden 

Hours: 16,800. 

Totals for this collection (all five 

forms). 

Estimated Number of Respondents: 

5,466,280. 

Estimated Total Annual Burden 

Hours: 2,547,011. 

The following paragraph applies to all 

the collections of information covered 

by this notice. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained if their 

contents may become material in the 

administration of any internal revenue 

law. Generally, tax returns and tax 

return information are confidential, as 

required by 26 U.S.C. 6103. 

Request 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 


khammond on DSKJM1Z7X2PROD with NOTICES