Community Reinvestment Act

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
SPST-0092 CRA 2024 Revisions Final Rule .docx	Supporting Statement A	Uploaded 2024-02-02	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
31849	Request for Designation as a Limited Purpose Bank		Modified
264652	Deposits data - Recordkeeping		New
264651	Community development services data		New
264650	Community development loans and community development investments data		New
264648	Retail banking services and retail banking products data		New
264647	Retail lending assessment areas		New
264646	Facility-based assessment areas		New
264645	Data on operations subsidiaries or operating subsidiaries		New
264644	Deposits Data - Reporting		New
264641	Request for Confirmation of Eligibility		New
227657	Content and Availability of Public File		Modified
227656	Other Loan Data		Removed
227655	Consumer loans data- automobile loans		Modified
227654	Small Business/Small Farm Loan Data - Recordkeeping		Modified
227653	Assessment Area Data		Removed
227652	Data on Lending by a Consortium or Third Party		Modified
227651	Data on Other Affiliates		Modified
227650	Home Mortgage Loans		Modified
227649	Community development loans and community development investments data		Modified
227646	Small Business/Small Farm Loan Data - Reporting		Modified
182340	Strategic Plan		Modified

ICR Details

OMB Control No: 3064-0092	ICR Reference No: 202401-3064-008
Status: Received in OIRA	Previous ICR Reference No: 202204-3064-001
Agency/Subagency: FDIC	Agency Tracking No: CRA Revisions Final Rule
Title: Community Reinvestment Act
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 02/02/2024

table that charts list comparision

	Requested	Previously Approved
Expiration Date	36 Months From Approved	10/31/2026
Responses	5,490	5,315
Time Burden (Hours)	234,974	231,582
Cost Burden (Dollars)	0	0

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Abstract: The Community Reinvestment Act requires banking agencies to assess the record of banks and thrifts in helping meet the credit needs of their entire communities, consistent with safe and sound operations, and to take this record into account in evaluating certain applications.

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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:
3064-AF81	Final or interim final rulemaking	89 FR 6574	02/01/2024

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 33884	06/03/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 6574	02/01/2024
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
Assessment Area Data
Community development loans and community development investments data
Community development loans and community development investments data
Community development services data
Consumer loans data- automobile loans
Content and Availability of Public File
Data on Lending by a Consortium or Third Party
Data on Other Affiliates
Data on operations subsidiaries or operating subsidiaries
Deposits Data - Reporting
Deposits data - Recordkeeping
Facility-based assessment areas
Home Mortgage Loans
Other Loan Data
Request for Confirmation of Eligibility
Request for Designation as a Limited Purpose Bank
Retail banking services and retail banking products data
Retail lending assessment areas
Small Business/Small Farm Loan Data - Recordkeeping
Small Business/Small Farm Loan Data - Reporting
Strategic Plan

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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	5,490	5,315	0	651	-476	0
Annual Time Burden (Hours)	234,974	231,582	0	40,100	-36,708	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 Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) are adopting final amendments to their regulations implementing the Community Reinvestment Act of 1977 (CRA) to update how CRA activities qualify for consideration, where CRA activities are considered, and how CRA activities are evaluated.

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Annual Cost to Federal Government: $421,367

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: 02/02/2024

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