[Federal Register Volume 75, Number 181 (Monday, September 20, 2010)]
[Notices]
[Pages 57330-57331]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-23421]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Community Reinvestment Act

AGENCY: Office of Thrift Supervision (OTS), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to comment on proposed and continuing 
information collections, as required by the Paperwork Reduction Act of 
1995, 44 U.S.C. 3507. The Office of Thrift Supervision within the 
Department of the Treasury will submit the proposed information 
collection requirement described below to the Office of Management and 
Budget (OMB) for review, as required by the Paperwork Reduction Act. 
Today, OTS is soliciting public comments on its proposal to extend this 
information collection.

DATES: Submit written comments on or before November 19, 2010.

ADDRESSES: Send comments, referring to the collection by title of the 
proposal or by OMB approval number, to Information Collection Comments, 
Chief Counsel's Office, Office of Thrift Supervision, 1700 G Street, 
NW., Washington, DC 20552; send a facsimile transmission to (202) 906-
6518; or send an e-mail to <a href="/cdn-cgi/l/email-protection#4f262129202c2023232a2c3b262021612c2022222a213b3c0f203b3c613b3d2a2e3c61282039"><span class="__cf_email__" data-cfemail="660f08000905090a0a0305120f09084805090b0b030812152609121548121403071548010910">[email protected]</span></a>. OTS 
will post comments and the related index on the OTS Internet Site at 
http://www.ots.treas.gov. In addition, interested persons may inspect 
comments at the Public Reading Room, 1700 G Street, NW by appointment. 
To make an appointment, call (202) 906-5922, send an e-mail to 
<a href="/cdn-cgi/l/email-protection#6c500d4c041e090a51" http: public.info">public.info</a>@ots.treas.gov">public.info@ots.treas.gov</a>, or send a facsimile transmission to (202) 
906-7755.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
about this proposed information collection from Ms. Bobbie K. Kennedy 
at (202) 906-6050, Office of Thrift Supervision, 1700 G Street, NW., 
Washington, DC 20552.

SUPPLEMENTARY INFORMATION: OTS may not conduct or sponsor an 
information collection, and respondents are not required to respond to 
an information collection, unless the information collection displays a 
currently valid OMB control number. As part of the approval process, we 
invite comments on the following information collection.
    Comments should address one or more of the following points:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the functions of OTS;
    b. The accuracy of OTS's estimate of the burden of the proposed 
information collection;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of the information collection on 
respondents, including through the use of information technology.
    We will summarize the comments that we receive and include them in 
the OTS request for OMB approval. All comments will become a matter of 
public record. In this notice, OTS is soliciting comments concerning 
the following information collection.
    Title of Proposal: Community Reinvestment Act.
    OMB Number: 1550-0012.
    Form Number: N/A.
    Description: The Community Reinvestment Act regulation requires the 
OTS, as well as the Office of the Comptroller of the Currency, the 
Board of Governors of the Federal Reserve System, and the Federal 
Deposit Insurance Corporation (collectively, the Agencies), to evaluate 
and assign ratings

[[Page 57331]]

to the efforts of institutions to help meet the credit needs of their 
communities, including low- and moderate-income neighborhoods, 
consistent with safe and sound banking practices. OTS uses the 
information in the examination process and in evaluating applications 
for mergers, branches, and certain other corporate activities. Further, 
the CRA statute requires the Agencies to issue regulations to carry out 
its purposes.
    OTS uses the data collected under the CRA regulations to fulfill 
its obligations under the statute, including the assessment of each 
institution's record of helping to meet the credit needs of its entire 
community. OTS uses the data to support its conclusions regarding an 
institution's record of performance, in assigning a rating, and in 
preparing the written public evaluations that the statute requires when 
an institution is examined. Additionally, judgments based on these data 
are used in evaluating an institution's applications for mergers, 
branches, and other corporate activities. The public uses this 
information to assess independently the institution's CRA performance 
and to participate meaningfully in the application process.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 753.
    Estimated Frequency of Response: Annually; On occasion.
    Estimated Total Burden: 67,210 hours.

    Dated: September 14, 2010.
Ira L. Mills,
Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift 
Supervision.
[FR Doc. 2010-23421 Filed 9-17-10; 8:45 am]
BILLING CODE 6720-01-P


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