Bank Enterprise Award Program Application

Forms and Documents

Document Name	Status
Form CDFI-0003 Bank Enterprise Award Program Form and Instruction	Modified
1559-0005_BEA Program Application_Supporting Statement.doc Supporting Statement A	2015-03-26

IC Document Collections

IC ID	Document Title	Status
187223	Bank Enterprise Award Program Form and Instruction	Modified

ICR Details

OMB Control No: 1559-0005	ICR Reference No: 201503-1559-001
Status: Historical Active	Previous ICR Reference No: 201403-1559-001
Agency/Subagency: TREAS/CDFIF	Agency Tracking No:
Title: Bank Enterprise Award Program Application
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/01/2015
	Date Received in OIRA: 03/26/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2018	36 Months From Approved	11/30/2015
Responses	89	0	75
Time Burden (Hours)	3,952	0	1,125
Cost Burden (Dollars)	0	0	0

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Abstract: The BEA Program provides incentives to insured depository institutions to increase their support of CDFIs and their activities in economically distressed communities.

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Authorizing Statute(s): US Code: 12 USC 1834a Name of Law: null
  

Citations for New Statutory Requirements: None

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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
60-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 77086	12/23/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 15661	03/24/2015
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Bank Enterprise Award Program	CDFI-0003	BEA Program Application

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ICR Summary 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	89	75	0	0	14	0
Annual Time Burden (Hours)	3,952	1,125	0	0	2,827	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: In response to feedback from the industry, the burden estimates were updated based on the analysis of actual applicant data from the last three years (Fiscal Years 2012 – 2014). The analysis focused on two factors: (1) applicant reported burden in the application; and (2) the actual increase in applicants from 75 to 89. Therefore, the increase of 14 responses and 2,827 burden hours is an adjustment reflected in the total burden requested of 3,952 hours.

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Annual Cost to Federal Government: $0

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: 03/26/2015

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