Federal Register / Vol. 87, No. 122 / Monday, June 27, 2022 / Notices 38257 

1 12 CFR part 1003. 

2 12 U.S.C. 2801–2811. 

C,1 which implements the Home 

Mortgage Disclosure Act (HMDA) 2

requires certain depository and nondepository institutions (financial 

institutions) that make certain mortgage 

loans to collect, report, and disclose 

data about originations and purchases of 

mortgage loans as well as data about 

loan applications that do not result in 

originations. HMDA requires the 

generation of loan data that can be used 

to: (1) help determine whether 

depository and non-depository 

institutions are serving the housing 

needs of their communities; (2) assist 

public officials in distributing publicsector investments so as to attract 

private investment to areas where it is 

needed; and (3) assist in identifying 

possible discriminatory lending patterns 

and enforcing anti-discrimination 

statutes. 

Twelve CFR 1003.5 requires the 

disclosure and reporting of data on 

mortgage loans. Section 1003.5(a)(1)(i) 

provides that by March 1 following the 

calendar year for which data are 

collected and recorded, a financial 

institution must submit its annual loan/ 

application register in electronic format 

to the appropriate Federal agency at the 

address identified by such agency. An 

authorized representative of the 

financial institution with knowledge of 

the data submitted must certify to the 

accuracy and completeness of data 

submitted. The financial institution 

must retain a copy of its annual loan/ 

application register for at least three 

years. 

Section 1003.5(a)(1)(ii) provides that 

within 60 calendar days after the end of 

each calendar quarter except the fourth 

quarter, a financial institution that 

reported for the preceding calendar year 

at least 60,000 covered loans and 

applications, combined, excluding 

purchased covered loans, shall submit 

to the appropriate Federal agency its 

loan/application register containing all 

data required to be recorded for that 

quarter pursuant to § 1003.4(f). The 

financial institution shall submit its 

quarterly loan/application register 

pursuant to § 1003.5(a)(1)(ii) in 

electronic format at the address 

identified by the appropriate Federal 

agency for the institution. 

Under section 1003.5(a)(2), a financial 

institution that is a subsidiary of a bank 

or savings association must complete a 

separate loan/application register. The 

subsidiary must submit the loan/ 

application register, directly or through 

its parent, to the appropriate Federal 

agency for the subsidiary’s parent at the 

address identified by the agency. 

Section 1003.5(b)(1) provides that the 

Federal Financial Institutions 

Examination Council (FFIEC) will make 

available a disclosure statement based 

on the data each financial institution 

submits for the preceding calendar year. 

Section 1003.5(b)(2) provides that no 

later than three business days after 

receiving notice from the FFIEC that a 

financial institution’s disclosure 

statement is available, the financial 

institution must make available to the 

public upon request at its home office, 

and each branch office physically 

located in each Metropolitan Statistical 

Area (MSA) and each Metropolitan 

Division (MD), a written notice that 

clearly conveys that the institution’s 

disclosure statement may be obtained 

on the CFPB’s website. A financial 

institution must make this notice 

available for a period of three years. 

Section 1003.5(c)(1) provides that a 

financial institution must make 

available to the public upon request at 

its home office, and each branch office 

physically located in each MSA and 

each MD, a written notice that clearly 

conveys that the institution’s loan/ 

application register, as modified by the 

CFPB to protect applicant and borrower 

privacy, may be obtained on the CFPB’s 

website. A financial institution shall 

make available the notice following the 

calendar year for which the data are 

collected. A financial institution must 

make the notice available to the public 

for a period of five years. 

Section 1003.5(d)(2) provides that a 

financial institution may make available 

to the public, at its discretion its 

disclosure statement or its loan/ 

application register, as modified by the 

CFPB to protect applicant and borrower 

privacy. 

Section 1003.5(e) provides that a 

financial institution must post a general 

notice about the availability of its 

HMDA data in the lobby of its home 

office and of each branch office 

physically located in each MSA and 

each MD. This notice must clearly 

convey that the institution’s HMDA data 

is available on the CFPB’s website. 

Affected Public: Businesses or other 

for-profit. 

Burden Estimates: 

Estimated Number of Respondents: 

437. 

Estimated Annual Burden: 609,100 

hours. 

Frequency of Response: On occasion. 

Comments: On April 21, 2022, the 

OCC published a 60-day notice for this 

information collection, 87 FR 23911. No 

comments were received. Comments 

continue to be solicited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

OCC, including whether the information 

has practical utility; 

(b) The accuracy of the OCC’s 

estimate of the information collection 

burden; 

(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. 

Theodore J. Dowd, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2022–13659 Filed 6–24–22; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Information Collection 

Renewal; Submission for OMB Review; 

Community and Economic 

Development Entities, Community 

Development Projects, and Other 

Public Welfare Investments 

AGENCY: Office of the Comptroller of the 

Currency (OCC), Treasury. 

ACTION: Notice and request for comment. 

SUMMARY: The OCC, as part of its 

continuing effort to reduce paperwork 

and respondent burden, invites 

comment on a continuing information 

collection as required by the Paperwork 

Reduction Act of 1995 (PRA). An agency 

may not conduct or sponsor, and 

respondents are 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 and Economic 

Development Entities, Community 

Development Projects, and Other Public 

Welfare Investments.’’ The OCC also is 

giving notice that it has sent the 

collection to OMB for review. 

DATES: Comments must be submitted on 

or before July 27, 2022. 

ADDRESSES: Commenters are encouraged 

to submit comments by email, if 

possible. You may submit comments by 

any of the following methods: 


jspears on DSK121TN23PROD with NOTICES1
38258 Federal Register / Vol. 87, No. 122 / Monday, June 27, 2022 / Notices 

• Email: prainfo@occ.treas.gov. 

• Mail: Chief Counsel’s Office, 

Attention: Comment Processing, 1557– 

0194, Office of the Comptroller of the 

Currency, 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– 

0194’’ 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. 

Written comments and 

recommendations for the proposed 

information collection should also be 

sent within 30 days of publication of 

this notice to www.reginfo.gov/public/ 

do/PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

On April 21, 2022, the OCC published 

a 60-day notice for this information 

collection, 87 FR 23914. You may 

review comments and other related 

materials that pertain to this 

information collection following the 

close of the 30-day comment period for 

this notice by the method set forth in 

the next bullet. 

• Viewing Comments Electronically: 

Go to www.reginfo.gov. Hover over the 

‘‘Information Collection Review’’ tab 

and click on ‘‘Information Collection 

Review’’ from the drop-down menu. 

From the ‘‘Currently under Review’’ 

drop-down menu, select ‘‘Department of 

Treasury’’ and then click ‘‘submit.’’ This 

information collection can be located by 

searching by OMB control number 

‘‘1557–0194’’ or ‘‘Community and 

Economic Development Entities, 

Community Development Projects, and 

Other Public Welfare Investments.’’ 

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, 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. If you are 

deaf, hard of hearing, or have a speech 

disability, please dial 7–1–1 to access 

telecommunications relay services. 

SUPPLEMENTARY INFORMATION: Under the 

PRA (44 U.S.C. 3501–3520), Federal 

agencies must obtain approval from 

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 renewal of the collection 

of information set forth in this 

document. 

Title: Community and Economic 

Development Entities, Community 

Development Projects, and Other Public 

Welfare Investments. 

OMB Control No.: 1557–0194. 

Description: This submission covers an 

existing regulation (12 CFR part 24), 

including the CD–1, National Bank 

Community Development Investments 

form, contained in 12 CFR part 24 

Appendix 1, pursuant to which a 

national bank may notify the OCC, or 

request OCC approval, of certain 

community development investments. 

Section 24.4(a) provides that a 

national bank may submit a written 

request to the OCC to exceed five 

percent of its capital and surplus for its 

aggregate, outstanding public welfare 

investments, up to 15 percent of its 

capital and surplus. The OCC may grant 

permission to the bank to make 

subsequent public welfare investments 

up to the approved investment limit 

without prior notification to, or 

approval by the OCC, using the afterthe-fact notification process consistent 

with § 24.5(a). 

Section 24.5(a) provides that an 

eligible national bank may make a 

public welfare investment without prior 

notification to, or approval by, the OCC 

if the bank submits an after-the-fact 

notification of an investment within 10 

days of making the investment. 

Section 24.5(a)(5) provides that a 

national bank that is not an eligible 

bank consistent with § 24.2(e), but that 

is at least adequately capitalized and 

has a composite rating of at least 3 with 

improving trends under the Uniform 

Financial Institutions Rating System, 

may submit a letter to the OCC 

requesting authority to submit after-thefact notices of its public welfare 

investments. 

Section 24.5(b)(1) provides that if a 

national bank does not meet the 

requirements for after-the-fact 

notification, including if the bank’s 

aggregate outstanding investments 

exceed the five percent limit, unless 

previously approved by the OCC for 

subsequent public welfare investments, 

the bank must submit an investment 

proposal to the OCC seeking permission 

to make the public welfare investment. 

Type of Review: Regular. 

Affected Public: Individuals; 

Businesses or other for-profit. 

Estimated Number of Respondents: 

1,200. 

Frequency of Response: On occasion. 

Estimated Total Annual Burden: 

1,910 hours. 

On April 21, 2022, the OCC published 

a 60-day notice for this information 

collection, 87 FR 23914. No comments 

were received. Comments continue to be 

invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

OCC, including whether the information 

has practical utility; 

(b) The accuracy of the OCC’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 

information. 

Theodore J. Dowd, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2022–13633 Filed 6–24–22; 8:45 am] 

BILLING CODE 4810–33–P 


jspears on DSK121TN23PROD with NOTICES1