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
264939	Request for Confirmation of Eligibility Section: ___.14(b)(1) - Reporting		New
251821	Deposits Data Section: ___.42(a)(7) - Recordkeeping		Modified
251820	Community Development Services Data Section: ___.42(a)(6) - Recordkeeping		Modified
251819	Community Development Loans and Community Development Investments Data Section: ___.42(a)(5) - Recordkeeping		Modified
251818	Retail Banking Services and Retail Banking Products Data Section: ____.42(a)(4) - Recordkeeping		Modified
251817	Consumer Loans Data - Automobile Loans Section: ___.42(a)(2) - Recordkeeping		Modified
251816	Retail Lending Assessment Areas Section: ___.42(f)(2) - Reporting		Modified
251815	Data on Operations Subsidiaries or Operating Subsidiaries Section: ___.42(c) - Reporting		Modified
251814	Deposits Data Section: ___.42(b)(3) - Reporting		Modified
251813	Community Development Services Data - Reporting		Removed
249369	Content and Availability of Public File and Public Notice by Banks Sections: ___.43 and ___.44 - Disclosure		Modified
249368	Data on Community Development Loans and Community Development Investments by a Consortium or a Third Party Section: ___.42(e) - Reporting		Modified
249367	Data on Other Affiliates Section: ___.42(d) - Reporting		Modified
249366	Other Loan Data		Removed
249365	Consumer Loan Data - Reporting		Removed
249364	Home Mortgage Loans Section: ___.42(a)(3) - Recordkeeping		Modified
249363	Community Development Loans and Community Development Investments Section: ___.42(b)(2) - Reporting		Modified
249362	Small Business Loan and Small Farm Loan Data Section: ___.42(a)(1) - Recordkeeping		Modified
249361	Small Business Loan and Small Farm Loan Data Section: ___.42(b)(1) - Reporting		Modified
241896	Banks Request for Designation as a Limited Purpose Bank Section: ___.26 - Reporting		Modified
238846	Strategic Plan Section: ___.27 - Reporting		Modified
238844	Facility-Based Assessment Areas Section: __.42(f)(1) - Reporting		Modified

ICR Details

OMB Control No: 1557-0160	ICR Reference No: 202312-1557-005
Status: Active	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
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/14/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 12/20/2023
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2027	36 Months From Approved	03/31/2024
Responses	2,407	0	2,158
Time Burden (Hours)	130,891	0	113,351
Cost Burden (Dollars)	0	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, consistent with safety and soundness. 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 final rule issued by the OCC, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation to strengthen and modernize their regulations implementing the CRA.

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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	89 FR 6574	02/01/2024

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? Yes

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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
Facility-Based Assessment Areas Section: __.42(f)(1) - Reporting
Banks Request for Designation as a Limited Purpose Bank Section: ___.26 - Reporting
Community Development Loans and Community Development Investments Data Section: ___.42(a)(5) - Recordkeeping
Community Development Loans and Community Development Investments Section: ___.42(b)(2) - Reporting
Community Development Services Data - Reporting
Community Development Services Data Section: ___.42(a)(6) - Recordkeeping
Consumer Loan Data - Reporting
Consumer Loans Data - Automobile Loans Section: ___.42(a)(2) - Recordkeeping
Content and Availability of Public File and Public Notice by Banks Sections: ___.43 and ___.44 - Disclosure
Data on Community Development Loans and Community Development Investments by a Consortium or a Third Party Section: ___.42(e) - Reporting
Data on Operations Subsidiaries or Operating Subsidiaries Section: ___.42(c) - Reporting
Data on Other Affiliates Section: ___.42(d) - Reporting
Deposits Data Section: ___.42(a)(7) - Recordkeeping
Deposits Data Section: ___.42(b)(3) - Reporting
Home Mortgage Loans Section: ___.42(a)(3) - Recordkeeping
Other Loan Data
Request for Confirmation of Eligibility Section: ___.14(b)(1) - Reporting
Retail Banking Services and Retail Banking Products Data Section: ____.42(a)(4) - Recordkeeping
Retail Lending Assessment Areas Section: ___.42(f)(2) - Reporting
Small Business Loan and Small Farm Loan Data Section: ___.42(a)(1) - Recordkeeping
Small Business Loan and Small Farm Loan Data Section: ___.42(b)(1) - Reporting
Strategic Plan Section: ___.27 - Reporting

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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	2,407	2,158	0	-14	263	0
Annual Time Burden (Hours)	130,891	113,351	0	-27,567	45,107	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: The increase in burden is due to the changes made by the final rule.

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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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