Community Reinvestment Act (2021 Rule)

Forms and Documents

Document Name	Status
1557-0357 2021 CRA Rule Supporting Statement Renewal Final (Submitted to OMB).docx Supporting Statement A	2024-10-21

IC Document Collections

IC ID	Document Title	Status
266873	Content and availability of public file: 25.43 - Disclosure	Modified
266872	Assessment area data: 25.42(g) - Reporting	Modified
266867	Data on lending by a consortium or a third party: 25.42(e) - Reporting	Unchanged
266865	Data on affiliate lending: 25.42(d) - Reporting	Unchanged
266863	Other loan data: 25.42(c)(2) - Recordkeeping	Unchanged
266861	Consumer loan data: 25.42(c)(1) - Recordkeeping	Unchanged
266859	Home mortgage loans: 25.42(b)(3) - Reporting	Modified
266858	Community development loan data: 25.42(b)(2) - Reporting	Modified
266857	Small business/small farm loan data: 25.42(b)(1) - Reporting	Modified
266856	Small business/small farm loan data: 25.42(a) - Recordkeeping	Modified
266854	Strategic plan: 25.27 - Reporting	Modified
266852	Request for designation as a wholesale or limited purpose bank or savings association: 25.25(b) - Reporting	Modified

ICR Details

OMB Control No: 1557-0357	ICR Reference No: 202410-1557-004
Status: Received in OIRA	Previous ICR Reference No: 202404-1557-008
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Community Reinvestment Act (2021 Rule)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 10/25/2024

	Requested	Previously Approved
Expiration Date	36 Months From Approved	10/31/2024
Responses	2,181	2,096
Time Burden (Hours)	148,298	141,638
Cost Burden (Dollars)	0	0

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Abstract: The Community Reinvestment Act of 1977 (CRA) requires the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), and Board of Governors of the Federal Reserve System (Board) (collectively, the agencies) to assess the record of banks and savings associations in helping to meet the credit needs of their entire communities, including low- and moderate-income neighborhoods, consistent with safe and sound operations; to take this record into account in evaluating applications for mergers, branches, and certain other corporate activities; and to make certain sections of its written evaluation of a bank’s CRA performance public . Further, the CRA requires the agencies to issue regulations to carry out its purposes. The OCC’s CRA regulation is set forth at 12 CFR part 25.

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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:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 57992	07/16/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 84246	10/21/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 12

IC Title	Form No.	Form Name
Assessment area data: 25.42(g) - Reporting
Community development loan data: 25.42(b)(2) - Reporting
Consumer loan data: 25.42(c)(1) - Recordkeeping
Content and availability of public file: 25.43 - Disclosure
Data on affiliate lending: 25.42(d) - Reporting
Data on lending by a consortium or a third party: 25.42(e) - Reporting
Home mortgage loans: 25.42(b)(3) - Reporting
Other loan data: 25.42(c)(2) - Recordkeeping
Request for designation as a wholesale or limited purpose bank or savings association: 25.25(b) - Reporting
Small business/small farm loan data: 25.42(a) - Recordkeeping
Small business/small farm loan data: 25.42(b)(1) - Reporting
Strategic plan: 25.27 - Reporting

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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	2,181	2,096	0	85	0	0
Annual Time Burden (Hours)	148,298	141,638	0	6,660	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 directly tied to the increase in the number of banks that meet or exceed the large bank threshold. Large banks are subject to more data requirements.

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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: 10/25/2024

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