Small Business Lending Fund (SBLF) Application, Lending Plan and Supplemental Report

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
SBLF_Fact_Sheet_Final.pdf	Supplementary Document	Uploaded 2011-01-25	Available
SBLF OIRA Clearance Documentation 01 21 2011.docx	Supporting Statement A	Uploaded 2011-01-25	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
196022	State Regulator's Views Form	Instruction	New
195393	Lending Plan	Instruction	Modified
195391	Application	Instruction	Modified

ICR Details

OMB Control No: 1505-0228	ICR Reference No: 201101-1505-005
Status: Historical Active	Previous ICR Reference No: 201011-1505-002
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: Small Business Lending Fund (SBLF) Application, Lending Plan and Supplemental Report
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 01/27/2011
OIRA Conclusion Action: Approved with change	Conclusion Date: 02/01/2011
	Date Received in OIRA: 01/25/2011
Terms of Clearance: Per OMB suggestions, form modified to make more user-friendly for participating state regulators.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2011	6 Months From Approved	06/30/2011
Responses	2,750	0	2,000
Time Burden (Hours)	42,608	0	41,333
Cost Burden (Dollars)	0	0	0

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Abstract: The Application is used by Treasury to establish the bank’s eligibility to participate in the SBLF program. The legislation requires that the bank have assets less than $10 billion and not be on the “Troubled Banks” list. The Lending Plan is used by Treasury to decide whether to purchase the bank’s stock. In addition, this data is used to set the initial dividend that the bank will pay Treasury, as the legislation links the dividend rate to the expected increase in small business lending contained in the plan. The legislation also requires the bank to describe how they will outreach to veteran, minority and women-owned small businesses. When supplied, the voluntary State Regulator’s Views form is used by Treasury to inform the decision of the Investment Committee regarding the institution’s application for SBLF funds. The form provides the state regulator’s assessment of the applicant’s financial condition, their likelihood of repayment, and any supervisory findings that might influence the Investment Committee’s decision.

Emergency Justfication: The Department of the Treasury (Treasury) requests emergency processing and approval of the collection of information related to the Small Business Lending Fund (SBLF), which was created when the President signed into law the Small Business Jobs Act of 2010 (P.L. 111-240) on September 27, 2010. SBLF will provide up to $30 billion in needed capital to community banks in order to increase lending to America’s small businesses. The collection of information is needed to certify that the banks that ultimately receive funding are indeed eligible institutions as defined by the legislation and that their plans to increase lending to small businesses meet the legislation’s intent. Treasury cannot reasonably comply with the normal clearance procedures under 5 C.F.R. Part 1320 because of the necessity to provide this economic catalyst as soon as possible.

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Authorizing Statute(s): PL: Pub.L. 111 - 240 xxx Name of Law: Small Business Jobs Act of 2010
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 240 XXX Name of Law: Small Business Jobs Act of 2010

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

table that charts list of burden

IC Title	Form No.	Form Name
Application
Lending Plan
State Regulator's Views Form

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ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	2,750	2,000	750	0	0	0
Annual Time Burden (Hours)	42,608	41,333	1,275	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The changes are to capture the requirements for the new Supplemental Report and State Regulator's Views Form information collections. The burden reported for the Supplemental Report is for the annual burden in the first year. In subsequent years the burden will drop after the initial report is complete.

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Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 01/25/2011

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