CRA Qualifying Activities Form

Forms and Documents

Document Name	Status
Qualifying Activity Confirmation Request Form Form	New
1557-NEW Supporting Statement - CRA Qualifying Activities Confirmation 3-10-22.docx Supporting Statement A	2022-03-10

IC Document Collections

IC ID	Document Title	Status
248709	Qualifying Activity Confirmation Request Form Form	New

ICR Details

OMB Control No:	ICR Reference No: 202108-1557-001
Status: Received in OIRA	Previous ICR Reference No:
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: CRA Qualifying Activities Form
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 03/29/2022

	Requested	Previously Approved
Expiration Date	36 Months From Approved
Responses	120	0
Time Burden (Hours)	2,280	0
Cost Burden (Dollars)	0	0

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Abstract: The OCC is revising and requesting a new OMB control number for its form titled “Qualifying Activities Confirmation Request Form,” which is currently approved under OMB Control No. 1557-0160. The form was created to address the need for a qualifying activities confirmation process that allows banks and interested parties to ascertain whether an activity qualifies under CRA. The process was well received and strongly supported among commenters on the OCC ANPR and NPR that resulted in the 2020 final rule. We believe that there remains widespread support for such a system. Based on these considerations, the OCC determined that it was important to implement a better designed system that more effectively and efficiently allows confirmation of qualified activities. A marked copy is included with the IC reflecting the changes to the form.

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Authorizing Statute(s): US Code: 12 USC 2901 et seq, Name of Law: The Community Reinvestment Act
  

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:
	86 FR 71318	12/15/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 18068	03/29/2022
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Qualifying Activity Confirmation Request Form	N/A	Qualifying Activity Confirmation Request Form

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ICR Summary of Burden

	Total Request	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	120	0	0	120	0	0
Annual Time Burden (Hours)	2,280	0	0	2,280	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: The increase in burden is due to moving the form from OMB Control No. 1557-0160 to its own control number.

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Annual Cost to Federal Government:

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? No

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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: 03/29/2022

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