Per OMB
suggestions, form modified to make more user-friendly for
participating state regulators.
Inventory as of this Action
Requested
Previously Approved
08/31/2011
6 Months From Approved
06/30/2011
2,750
0
2,000
42,608
0
41,333
0
0
0
The Application is used by Treasury to
establish the banks 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
banks 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
Regulators Views form is used by Treasury to inform the decision
of the Investment Committee regarding the institutions application
for SBLF funds. The form provides the state regulators assessment
of the applicants financial condition, their likelihood of
repayment, and any supervisory findings that might influence the
Investment Committees decision.
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 Americas 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 legislations 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.
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.
No
No
No
No
No
Uncollected
Daniel Ballard 202
674-1781
No
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:
(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;
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.
SBLF_Fact_Sheet_Final.pdf
SBLF OIRA Clearance Documentation 01 21 2011.docx
State Regulator's Views Form