Emergency Capital Investment Program

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
ECIP State Regulatory Response Form	Form and Instruction	New	Available
Lending Plans and associated recordkeeping	Form and Instruction	Unchanged	Available
Application Form and Recordkeeping	Form and Instruction	Unchanged	Available
ECIP Emergency Justification Memo - State Regulator Form_Signed.pdf	Supplementary Document	Uploaded 2021-07-08	Available
ECIP Supporting Statement_FINAL.docx	Supporting Statement A	Uploaded 2021-07-08	Available
ECIP Emergency Justification Memo_3.3.21_Signed.pdf	Supplementary Document	Uploaded 2021-03-03	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
248279	ECIP State Regulatory Response Form	Form and Instruction	New
246084	Exemptive Relief Request		Unchanged
246083	Expenditure Policies		Unchanged
246082	Lending Plans and associated recordkeeping	Form and Instruction	Unchanged
246081	Application Form and Recordkeeping	Form and Instruction	Unchanged

ICR Details

OMB Control No: 1505-0267	ICR Reference No: 202107-1505-004
Status: Active	Previous ICR Reference No: 202103-1505-003
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: Emergency Capital Investment Program
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 07/08/2021
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/08/2021
	Date Received in OIRA: 07/08/2021
Terms of Clearance: This revision adds the ECIP State Regulatory Response Form to the collections approved under this OMB control number. The expiration date of this OMB control number is being extended by 2 months on the understanding that Treasury will soon publish a Federal Register 60-day notice requesting comments on the information collections under this OMB control number. This time will allow Treasury to address any comments received before submitting a request for extension of this OMB control number.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2021	2 Months From Approved	09/30/2021
Responses	3,555	0	3,355
Time Burden (Hours)	91,081	0	89,481
Cost Burden (Dollars)	0	0	0

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Abstract: The Consolidated Appropriations Act, 2021, signed into law on December 27, 2020, added Section 104A of the Community Development Banking and Financial Institutions Act of 1994 (the “Act”). Section 104A authorizes the Secretary of the Treasury to establish the Emergency Capital Investment Program (“ECIP” or the “Program”) to support the efforts of low- and moderate-income community financial institutions to, among other things, provide loans, grants, and forbearance for small businesses, minority-owned businesses, and consumers, especially in low-income and underserved communities, including persistent poverty counties, that may be disproportionately impacted by the economic effects of the COVID-19 pandemic by providing direct and indirect capital investments in low-and moderate-income community financial institutions.

Emergency Justfication: Pursuant to the Office of Management and Budget (OMB) procedures established at 5 C.F.R. §1320.13, the Department of the Treasury (Treasury) requests emergency processing for the Emergency Capital Investment Program (“ECIP” or the “Program”) information collection request, revising OMB Control Number 1505-0267. The Consolidated Appropriations Act, 2021, signed into law on December 27, 2020, added Section 104A of the Community Development Banking and Financial Institutions Act of 1994 (the “Act”). Section 104A authorizes the Secretary of the Treasury to establish the Program to support the efforts of low- and moderate-income community financial institutions to, among other things, provide loans, grants, and forbearance for small businesses, minority-owned businesses, and consumers, especially in low-income and underserved communities, including persistent poverty counties, that may be disproportionately impacted by the economic effects of the COVID-19 pandemic by providing direct and indirect capital investments in low-and moderate-income community financial institutions. Due to the need to make Covid-19 relief investments under the Program as soon as possible, Treasury requests emergency processing and approval by July 8, 2021 for the State Regulatory Response form. The State Regulatory Response form collects information from state banking regulatory agencies on financial condition, supervisory considerations, emergency investment lending plan and other additional considerations. State banking regulators have a unique role in provision of the requested information that is derived from their oversight activities. Given the inability to seek public comment during such a short timeframe, Treasury requests a waiver from the requirement to publish notice in the Federal Register seeking public comments.

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Authorizing Statute(s): PL: Pub.L. 116 - 68 104A Name of Law: Consolidated Appropriations Act 2021
  

Citations for New Statutory Requirements: PL: Pub.L. 116 - 68 104A Name of Law: Consolidated Appropriations Act 2021

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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: 5

table that charts list of burden

IC Title	Form No.	Form Name
Application Form and Recordkeeping	n/a	ECIP Application
ECIP State Regulatory Response Form	n/a	State Regulatory Response Form
Exemptive Relief Request
Expenditure Policies
Lending Plans and associated recordkeeping	n/a	ECIP Lending Plan

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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	3,555	3,355	0	200	0	0
Annual Time Burden (Hours)	91,081	89,481	0	1,600	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: This collection of information reflects an increase of 1600 burden hours due to the addendum of the State Regulatory Response form.

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Annual Cost to Federal Government: $0

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? Yes

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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: 07/08/2021

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