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Federal forms, ICRs, and supporting documents

Information Collection Request

Community Reinvestment Act Regulation

ICR 202312-1557-005 · OMB 1557-0160 · Received in OIRA

Forms and Documents
DocumentTypeStatusAvailability
1557-0160 Supporting Statement 6-3-22 FINAL FINAL (13).docx Supporting Statement A Uploaded 2023-12-20 Missing upstream
IC Document Collections
IC IDCollectionTypeStatusForm
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
1557-0160 202312-1557-005
Received in OIRA 202202-1557-003
TREAS/OCC
Community Reinvestment Act Regulation
Revision of a currently approved collection   No
Regular 12/20/2023
  Requested Previously Approved
12/31/2024 12/31/2023
2,496 2,158
127,930 113,351
0 0
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.
US Code: 12 USC 2901 et seq. Name of Law: Community Reinvestment Act
  
None
1557-AF15 Final or interim final rulemaking
No
  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
Yes
Changing Regulations
Yes
Changing Regulations
Burden change due to change in regulations.
$0
No
    No
    No
No
No
No
No
Heidi Thomas 202 874-5090 [email protected]
  No
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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
12/20/2023