Community Reinvestment Act Regulation

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
1557-0160 Supporting Statement 6-3-22 FINAL FINAL (13).docx	Supporting Statement A	Uploaded 2023-12-20	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
251821	Deposits Data - Recordkeeping		Unchanged
251820	Community Development Services Data - Recordkeeping		Unchanged
251819	Community Development Loan and Community Development Investment Data - Recordkeeping		Unchanged
251818	Retail Services and Products Data - Recordkeeping		Unchanged
251817	Consumer Loan Data - Automobile Loans - Recordkeeping		Unchanged
251816	Retail Lending Assessment Areas - Reporting		Unchanged
251815	Data on Operating Subsidiaries - Reporting		Unchanged
251814	Deposits Data - Reporting		Unchanged
251813	Community Development Services Data - Reporting		Unchanged
249369	Content and Availability of Public File and Public Notice - Disclosure		Unchanged
249368	Data on Community Development Financing by a Consortium or a Third Party - Reporting		Unchanged
249367	Data on Affiliates Retail Lending and Community Development Financing Activities - Reporting		Unchanged
249366	Other Loan Data		Removed
249365	Consumer Loan Data - Reporting		Unchanged
249364	Home Mortgage Loans		Removed
249363	Community Development Loan and Community Development Investment Data - Reporting		Unchanged
249362	Small Business/Small Farm Loan Data - Recordkeeping		Unchanged
249361	Small Business/Small Farm Loan Data - Reporting		Unchanged
241896	Wholesale and limited purpose banks - Reporting		Unchanged
238846	Strategic Plan - Reporting		Unchanged
238844	Facility-Based Assessment Areas - Reporting		Unchanged

ICR Details

OMB Control No: 1557-0160	ICR Reference No: 202312-1557-005
Status: Received in OIRA	Previous ICR Reference No: 202202-1557-003
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Community Reinvestment Act Regulation
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 12/20/2023

table that charts list comparision

	Requested	Previously Approved
Expiration Date	12/31/2024	12/31/2023
Responses	2,496	2,158
Time Burden (Hours)	127,930	113,351
Cost Burden (Dollars)	0	0

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Abstract: The Community Reinvestment Act (CRA) is designed to encourage regulated banks to help meet the credit needs of the local communities in which they are chartered. Specifically, Congress found that “(1) regulated financial institutions are required by law to demonstrate that their deposit facilities serve the convenience and needs of the communities in which they are chartered to do business; (2) the convenience and needs of communities include the need for credit as well as deposit services; and (3) regulated financial institutions have continuing and affirmative obligation to help meet the credit needs of the local communities in which they are chartered.” The CRA statute requires the agencies to “assess the institution’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with the safe and sound operation of such institution.” Upon completing this assessment, the statute requires the agencies to “prepare a written evaluation of the institution’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods.” In addition, the statute requires making portions of these written evaluations, referred to by the agencies as performance evaluations, available to the public. The statute further provides that each agency must consider a bank’s CRA performance “in its evaluation of an application for a deposit facility by such institution.” This ICR is being submitted in connection with an interagency proposed rule issued by the OCC, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation.

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

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1557-AF15	Final or interim final 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: 19

table that charts list of burden

IC Title	Form No.	Form Name
Community Development Loan and Community Development Investment Data - Recordkeeping
Community Development Loan and Community Development Investment Data - Reporting
Community Development Services Data - Recordkeeping
Community Development Services Data - Reporting
Consumer Loan Data - Automobile Loans - Recordkeeping
Consumer Loan Data - Reporting
Content and Availability of Public File and Public Notice - Disclosure
Data on Affiliates Retail Lending and Community Development Financing Activities - Reporting
Data on Community Development Financing by a Consortium or a Third Party - Reporting
Data on Operating Subsidiaries - Reporting
Deposits Data - Recordkeeping
Deposits Data - Reporting
Facility-Based Assessment Areas - Reporting
Home Mortgage Loans
Other Loan Data
Retail Lending Assessment Areas - Reporting
Retail Services and Products Data - Recordkeeping
Small Business/Small Farm Loan Data - Recordkeeping
Small Business/Small Farm Loan Data - Reporting
Strategic Plan - Reporting
Wholesale and limited purpose banks - Reporting

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ICR Summary of Burden

table that charts list 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	2,496	2,158	0	338	0	0
Annual Time Burden (Hours)	127,930	113,351	0	14,579	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: Changing Regulations

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

Burden Reduction Due to: Changing Regulations

Short Statement: Burden change due to change in regulations.

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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? 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: 12/20/2023

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