80 FR 14244 - Agency Information Collection Activities; Proposals, Submissions, and Approvals
DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund Federal Register Volume 80, Issue 52 (March 18, 2015)
Community Development Financial Institutions Fund
Federal Register Volume 80, Issue 52 (March 18, 2015)
| Page Range | 14244-14245 | |
| FR Document | 2015-06233 |
[Federal Register Volume 80, Number 52 (Wednesday, March 18, 2015)] [Notices] [Pages 14244-14245] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-06233] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund Agency Information Collection Activities; Proposals, Submissions, and Approvals ACTION: Notice and request for comments. ----------------------------------------------------------------------- SUMMARY: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to comment on proposed information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Community Development Financial Institutions Fund (CDFI Fund), Department of the Treasury, is soliciting comments concerning an evaluation of the CDFI Fund's Bank Enterprise Award (BEA) Program. DATES: Written comments should be received on or before May 18, 2015 to be assured of consideration. ADDRESSES: Direct all comments to Greg Bischak, Program Manager, Financial Strategies and Research, at the Community Development Financial Institutions Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue NW., Washington, DC 20020, by email to [email protected] or by facsimile to (202) 508-0089. Please note this is not a toll free number. FOR FURTHER INFORMATION CONTACT: Requests for additional information should be directed to Greg Bischak, Program Manager, Financial Strategies and Research, at the Community Development Financial Institutions Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue NW., Washington, DC 20020, by email to [email protected] or by facsimile to (202) 508-0089. SUPPLEMENTARY INFORMATION: Title: Evaluation of the Community Development Financial Institution Fund (CDFI Fund) Bank Enterprise Award (BEA) Program. OMB Number: 1559-NEW. Type of Review: Regular Review. Abstract: The BEA Program Evaluation is designed to support the CDFI Fund's overall mission to increase economic opportunity and provide community development investments in underserved populations and distressed communities within the United States. Specifically, the evaluation will assist the CDFI Fund in its assessment of a program administered to complement community development activities of insured depository institutions. The BEA Program provides financial assistance to FDIC-insured depository institutions for expanding investments in CDFIs, and increasing lending, investment, and service activities within economically distressed communities with at least 30 percent of residents having incomes less than the national poverty level, and at least 1.5 times the national unemployment rate. The program evaluation is designed to assess:The effectiveness of the BEA Program as a mechanism for providing performance-based awards; The influence of the BEA Program and BEA Program awards on bank behavior and investment patterns; The impact of the BEA Program awards on award recipients and distressed communities; and The impact of BEA Program-eligible investments in CDFIs and in distressed communities. The primary audience for the BEA Program evaluation will include key leadership from the population of approximately 156 FDIC-insured financial institutions that applied for BEA Program awards during calendar years 2012, 2013, or 2014. In addition, the evaluation audience will include a sample of CDFI Partners (CDFIs that were recipients of loans or investments from BEA Program applicants or awardees). An online survey will be administered to address the study objectives and related research questions. The survey instrument will be organized into the following major categories and related topics: Organizational Profile [cir] Assessment Area [cir] Service Area [cir] Community Reinvestment Act (CRA) Asset Size (Used to Determine Bank Size) [cir] Number of Awards and Dollar Amount [cir] Activity Category [cir] Institution type (e.g., CDFI, Community Bank) Effectiveness of the BEA Program as a mechanism for providing performance based awards. [cir] Extent to which banks' decisions to apply for a BEA Program award was driven by economic or financial rewards (e.g., increase profitability, improve capital ratios, risk mitigation, etc.). [cir] Extent to which the Qualified Activities that formed the basis for the bank's application were driven by regulatory factors (e.g., CRA, CAMELS ratings, etc.). [cir] Degree to which the Qualified Activities that formed the basis for banks' applications needed support (e.g., financial assistance) from a BEA Program award. Influence of the BEA Program on Bank Behavior and Investment Patterns. [cir] Extent to which FDIC-insured financial institutions have provided loans, investments, or assistance to CDFI's in BEA qualified distressed communities during the assessment period. [cir] Types of support provided. [cir] Types of CDFIs most frequently receiving support from FDIC- insured financial institutions (e.g., banks, loan funds, venture capital funds, or credit unions). [cir] Primary reason(s) why FDIC-insured financial institutions have provided loans, investments, or assistance to various types of CDFIs in BEA qualified distressed communities. [cir] Extent to which banks had provided financial products and/or services in the distressed community before the applicable assessment period. [cir] Level of effort, cost, and risk associated with carrying out the Qualified Activities that formed the basis for the bank's application (and variation by type of activity). [cir] Estimated ratio of the dollar amount of the Qualified Activities that formed the basis for a bank's application to the amount of the BEA Program award calculated for the Qualified Activities. [cir] Estimate on the extent to which the bank's actual Qualified Activities exceed the amount included in their BEA applications. Impact of the BEA Program awards on Recipient Banks and Distressed Communities. [cir] Perceived impact of BEA Program awards on recipient banks. [[Page 14245]] [cir] Perceived impact of BEA Program awards on residents and businesses in Distressed Communities. Impact of BEA Program-eligible investments in CDFIs and in distressed communities. [cir] Perceived extent to which the Qualified Activities that formed the basis for banks' applications have benefited CDFIs and residents and businesses in distressed communities. The survey instrument will include 15-20 closed-ended questions (e.g., Likert scale, rating scale, rank order, or multiple response items), 3-5 ``other (specify)'' items, and a maximum of three open- ended questions. Questions regarding the survey instrument should be directed to Greg Bischak, Program Manager, Financial Strategies and Research, at the Community Development Financial Institutions Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue NW., Washington, DC 20020, by email to [email protected] or by facsimile to (202) 508-0089. Type of Information Collection Request: New Collection. Affected Public: Private Sector: Businesses or other for-profits, Not-for-profit institutions. Estimated Number of Respondents: 109 (based on an expected response rate of 70 percent). Estimated Annual Time per Respondent: 30 minutes. Estimated Total Annual Burden Hours: 55 hours. Requests For Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record and may be published on the CDFI Fund Web site at http://www.cdfifund.gov. This notice solicits comments from the public and affected parties concerning the forthcoming online survey of FDIC-insured financial institutions that applied for BEA Program awards during calendar years 2012, 2013, or 2014 with respect to: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency's estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information collections; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Authority: 12 U.S.C. 1834a, 4703, 4703 note, 4713; 12 CFR part 1806. Dated: March 10, 2015. Annie Donovan, Director, Community Development Financial Institutions Fund. [FR Doc. 2015-06233 Filed 3-17-15; 8:45 am] BILLING CODE 4810-70-P
![14244 Federal Register / Vol. 80, No. 52 / Wednesday, March 18, 2015 / Notices
otherwise stated, any statement made Fund, U.S. Department of the Treasury, Æ Service Area
during the meetings by a panel member 1500 Pennsylvania Avenue NW., Æ Community Reinvestment Act
should not be construed as an official Washington, DC 20020, by email to (CRA) Asset Size (Used to Determine
position of the U.S. government. cdfihelp@cdfi.treas.gov or by facsimile Bank Size)
The meeting will be open to all to (202) 508–0089. Æ Number of Awards and Dollar
persons, subject to the capacity of the SUPPLEMENTARY INFORMATION:
Amount
meeting room and phone lines available Æ Activity Category
Title: Evaluation of the Community Æ Institution type (e.g., CDFI,
for those participating via conference Development Financial Institution Fund
call. Every effort will be made to Community Bank)
(CDFI Fund) Bank Enterprise Award • Effectiveness of the BEA Program as
accommodate all persons wishing to (BEA) Program.
attend. The FAA and PHMSA will try to a mechanism for providing performance
OMB Number: 1559–NEW. based awards.
accommodate all speakers, subject to Type of Review: Regular Review. Æ Extent to which banks’ decisions to
time constraints. Abstract: The BEA Program apply for a BEA Program award was
Issued in Washington, DC, on March 10, Evaluation is designed to support the driven by economic or financial rewards
2015. CDFI Fund’s overall mission to increase (e.g., increase profitability, improve
Christopher Glasow, economic opportunity and provide capital ratios, risk mitigation, etc.).
Director, Office of Hazardous Materials community development investments in Æ Extent to which the Qualified
Safety. underserved populations and distressed Activities that formed the basis for the
[FR Doc. 2015–06158 Filed 3–17–15; 4:45 am] communities within the United States. bank’s application were driven by
BILLING CODE 4910–13–P Specifically, the evaluation will assist regulatory factors (e.g., CRA, CAMELS
the CDFI Fund in its assessment of a ratings, etc.).
program administered to complement Æ Degree to which the Qualified
DEPARTMENT OF THE TREASURY community development activities of Activities that formed the basis for
insured depository institutions. The banks’ applications needed support
Community Development Financial BEA Program provides financial (e.g., financial assistance) from a BEA
Institutions Fund assistance to FDIC-insured depository Program award.
institutions for expanding investments • Influence of the BEA Program on
Agency Information Collection in CDFIs, and increasing lending, Bank Behavior and Investment Patterns.
Activities; Proposals, Submissions, investment, and service activities within Æ Extent to which FDIC-insured
and Approvals economically distressed communities financial institutions have provided
with at least 30 percent of residents loans, investments, or assistance to
Notice and request for
ACTION: having incomes less than the national CDFI’s in BEA qualified distressed
comments. poverty level, and at least 1.5 times the communities during the assessment
national unemployment rate. period.
SUMMARY: The Department of the Æ Types of support provided.
The program evaluation is designed to
Treasury, as part of its continuing effort Æ Types of CDFIs most frequently
assess:
to reduce paperwork and respondent receiving support from FDIC-insured
• The effectiveness of the BEA
burden, invites the general public and financial institutions (e.g., banks, loan
Program as a mechanism for providing
other federal agencies to comment on funds, venture capital funds, or credit
performance-based awards;
proposed information collections, as unions).
• The influence of the BEA Program
required by the Paperwork Reduction Æ Primary reason(s) why FDIC-
and BEA Program awards on bank
Act of 1995, Public Law 104–13 (44 insured financial institutions have
behavior and investment patterns;
U.S.C. 3506(c)(2)(A)). Currently, the provided loans, investments, or
• The impact of the BEA Program
Community Development Financial assistance to various types of CDFIs in
awards on award recipients and
Institutions Fund (CDFI Fund), BEA qualified distressed communities.
distressed communities; and Æ Extent to which banks had
Department of the Treasury, is soliciting
• The impact of BEA Program-eligible provided financial products and/or
comments concerning an evaluation of
investments in CDFIs and in distressed services in the distressed community
the CDFI Fund’s Bank Enterprise Award
communities. before the applicable assessment period.
(BEA) Program.
The primary audience for the BEA Æ Level of effort, cost, and risk
DATES: Written comments should be Program evaluation will include key
received on or before May 18, 2015 to associated with carrying out the
leadership from the population of Qualified Activities that formed the
be assured of consideration. approximately 156 FDIC-insured basis for the bank’s application (and
ADDRESSES: Direct all comments to Greg financial institutions that applied for variation by type of activity).
Bischak, Program Manager, Financial BEA Program awards during calendar Æ Estimated ratio of the dollar
Strategies and Research, at the years 2012, 2013, or 2014. In addition, amount of the Qualified Activities that
Community Development Financial the evaluation audience will include a formed the basis for a bank’s application
Institutions Fund, U.S. Department of sample of CDFI Partners (CDFIs that to the amount of the BEA Program
the Treasury, 1500 Pennsylvania were recipients of loans or investments award calculated for the Qualified
Avenue NW., Washington, DC 20020, by from BEA Program applicants or Activities.
email to cdfihelp@cdfi.treas.gov or by awardees). Æ Estimate on the extent to which the
facsimile to (202) 508–0089. Please note
mstockstill on DSK4VPTVN1PROD with NOTICES
An online survey will be bank’s actual Qualified Activities
this is not a toll free number. administered to address the study exceed the amount included in their
FOR FURTHER INFORMATION CONTACT: objectives and related research BEA applications.
Requests for additional information questions. The survey instrument will • Impact of the BEA Program awards
should be directed to Greg Bischak, be organized into the following major on Recipient Banks and Distressed
Program Manager, Financial Strategies categories and related topics: Communities.
and Research, at the Community • Organizational Profile Æ Perceived impact of BEA Program
Development Financial Institutions Æ Assessment Area awards on recipient banks.
VerDate Sep<11>2014 19:00 Mar 17, 2015 Jkt 235001 PO 00000 Frm 00175 Fmt 4703 Sfmt 4703 E:\FR\FM\18MRN1.SGM 18MRN1](https://thefederalregister.org/doc/80_FR_14296/page/1.svg)
![Federal Register / Vol. 80, No. 52 / Wednesday, March 18, 2015 / Notices 14245
Æ Perceived impact of BEA Program email to cdfihelp@cdfi.treas.gov or by Program awards during calendar years
awards on residents and businesses in facsimile to (202) 508–0089. 2012, 2013, or 2014 with respect to: (a)
Distressed Communities. Type of Information Collection Whether the collection of information is
• Impact of BEA Program-eligible Request: New Collection. necessary for the proper performance of
investments in CDFIs and in distressed Affected Public: Private Sector: the functions of the agency, including
communities. Businesses or other for-profits, Not-for- whether the information shall have
Æ Perceived extent to which the profit institutions. practical utility; (b) the accuracy of the
Estimated Number of Respondents: agency’s estimate of the burden of the
Qualified Activities that formed the
109 (based on an expected response rate collection of information; (c) ways to
basis for banks’ applications have
of 70 percent). enhance the quality, utility, and clarity
benefited CDFIs and residents and Estimated Annual Time per
businesses in distressed communities. of the information collections; and (d)
Respondent: 30 minutes.
The survey instrument will include Estimated Total Annual Burden ways to minimize the burden of the
15–20 closed-ended questions (e.g., Hours: 55 hours. collection of information on
Likert scale, rating scale, rank order, or Requests For Comments: Comments respondents, including through the use
multiple response items), 3–5 ‘‘other submitted in response to this notice will of automated collection techniques or
(specify)’’ items, and a maximum of be summarized and/or included in the other forms of information technology.
three open-ended questions. request for OMB approval. All Authority: 12 U.S.C. 1834a, 4703, 4703
Questions regarding the survey comments will become a matter of note, 4713; 12 CFR part 1806.
instrument should be directed to Greg public record and may be published on
Dated: March 10, 2015.
Bischak, Program Manager, Financial the CDFI Fund Web site at http://
Strategies and Research, at the www.cdfifund.gov. This notice solicits Annie Donovan,
Community Development Financial comments from the public and affected Director, Community Development Financial
Institutions Fund, U.S. Department of parties concerning the forthcoming Institutions Fund.
the Treasury, 1500 Pennsylvania online survey of FDIC-insured financial [FR Doc. 2015–06233 Filed 3–17–15; 8:45 am]
Avenue NW., Washington, DC 20020, by institutions that applied for BEA BILLING CODE 4810–70–P
mstockstill on DSK4VPTVN1PROD with NOTICES
VerDate Sep<11>2014 19:00 Mar 17, 2015 Jkt 235001 PO 00000 Frm 00176 Fmt 4703 Sfmt 9990 E:\FR\FM\18MRN1.SGM 18MRN1](https://thefederalregister.org/doc/80_FR_14296/page/2.svg)
Document Created: 2018-02-21 09:39:46
Document Modified: 2018-02-21 09:39:46
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice and request for comments. | |
| Dates | Written comments should be received on or before May 18, 2015 to be assured of consideration. | |
| Contact | Requests for additional information should be directed to Greg Bischak, Program Manager, Financial Strategies and Research, at the Community Development Financial Institutions Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue NW., Washington, DC 20020, by email to [email protected] or by facsimile to (202) 508-0089. | |
| FR Citation | 80 FR 14244 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR