81 FR 50056 - Agency Information Collection Activities; Proposals, Submissions, and Approvals

DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund

Federal Register Volume 81, Issue 146 (July 29, 2016)

Page Range		50056-50057
FR Document		2016-17996

The U.S. 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 take this opportunity 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 (the CDFI Fund), the Department of the Treasury, is soliciting comments concerning modifying the Bank Enterprise Award Program (BEA Program) Report Form to a form that may be used for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program). The form will be renamed the Uses of Award Report Form in an effort by the CDFI Fund to create uniform reporting requirements.

Federal Register, Volume 81 Issue 146 (Friday, July 29, 2016)

[Federal Register Volume 81, Number 146 (Friday, July 29, 2016)]
[Notices]
[Pages 50056-50057]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-17996]


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DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Agency Information Collection Activities; Proposals, Submissions, 
and Approvals

AGENCY: Community Development Financial Institutions Fund, Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The U.S. 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 take this opportunity 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 (the 
CDFI Fund), the Department of the Treasury, is soliciting comments 
concerning modifying the Bank Enterprise Award Program (BEA Program) 
Report Form to a form that may be used for the Community

[[Page 50057]]

Development Financial Institutions Program (CDFI Program) and Native 
American CDFI Assistance Program (NACA Program). The form will be 
renamed the Uses of Award Report Form in an effort by the CDFI Fund to 
create uniform reporting requirements.

DATES: Written comments should be received on or before September 27, 
2016 to be assured of consideration.

ADDRESSES: Submit your comments via email to Michael Banks, Associate 
Program Manager, CDFI Fund, at [email protected].

FOR FURTHER INFORMATION CONTACT: Michael Banks, Associate Program 
Manager, CDFI Fund, U.S. Department of the Treasury, 1500 Pennsylvania 
Avenue NW, Washington, DC 20220. The Uses of Award Report Form may be 
obtained from the CDFI Fund's Web site at http://www.cdfifund.gov/bea 
under How to Apply Step 5: Compliance and Reporting or http://www.cdfifund.gov/cdfi under How to Apply Step 4: Compliance and 
Reporting.

SUPPLEMENTARY INFORMATION: Title: Uses of Award Report Form (formerly 
BEA Program Award Report Form).
    OMB Number: 1559-0032.
    Abstract: The purpose of the BEA Program is to provide an incentive 
to insured depository institutions to increase their activities in the 
form of loans, investments, services, and technical assistance within 
distressed communities and provide financial assistance to certified 
Community Development Financial Institutions (CDFIs) through grants, 
stock purchases, loans, deposits, and other forms of financial and 
technical assistance. Applicants submit applications and are evaluated 
in accordance with statutory and regulatory requirements (12 CFR 1806), 
and requirements that are set forth in the annual Notice of Funds 
Availability. The CDFI Fund requires BEA Program Award Recipients to 
use BEA Program Awards for BEA Program Qualified Activities, as defined 
in the BEA Program regulations. Recipients are required to report to 
the CDFI Fund on their Qualified Activities per their Assistance 
Agreements.
    The CDFI Program is authorized by the Riegle Community Development 
Banking and Financial Institutions Act of 1994 (Pub. L. 103-325, 12 
U.S.C. 4701 et seq.). The CDFI Program uses federal resources to invest 
in and build the capacity of CDFIs to serve low-income people and 
communities lacking adequate access to affordable financial products 
and services. The CDFI Fund created the Native Initiatives, which 
includes the NACA Program, to further support the creation and 
expansion of Native CDFIs. Through the CDFI Program and NACA Program, 
the CDFI Fund provides: (1) Financial Assistance (FA) awards to CDFIs 
and Native CDFIs that have Comprehensive Business Plans for creating 
demonstrable community development impact through the deployment of 
credit, capital, and financial services within their respective Target 
Markets or the expansion into new Investment Areas, Low-Income Targeted 
Populations, or Other Targeted Populations, and (ii) Technical 
Assistance (TA) grants to CDFIs and Native CDFIs and entities proposing 
to become CDFIs or Native CDFIs in order to build their capacity to 
better address the community development and capital access needs of 
their existing or proposed Target Markets and/or to become certified 
CDFIs. CDFI Program applicants submit applications and are evaluated in 
accordance with statutory and regulatory requirements (12 CFR 1805), 
and requirements that are set forth in an annual Notice of Funds 
Availability. NACA Program applicants submit applications and are 
evaluated in accordance with requirements that are set forth in an 
annual Notice of Funds Availability. Recipients with FA or TA awards 
are required to report to the CDFI Fund on the uses of those funds per 
their Assistance Agreements.
    In an effort to create uniformity in reporting across the CDFI 
Fund, the CDFI Fund seeks to revise the BEA Program Award Report Form 
and rename it the ``Uses of Award Report Form.'' The BEA Program Award 
Report Form is currently required for Recipients of awards under the 
BEA Program. These revisions would allow the form to also be used by 
the Community Development Financial Institutions Program (CDFI Program) 
and Native American CDFI Assistance Program (NACA Program). This 
request for public comment seeks to gather information on the revised 
Use of Award Report Form.
    Current Actions: Renewal and revision of an existing Information 
Collection.
    Type of Review: Regular Review.
    Affected Public: Recipients of BEA Program awards.
    Estimated Number of BEA Program Respondents: 80.
    Estimated Annual Time per BEA Program Respondent: 1 hour.
    Affected Public: Recipients of CDFI or NACA Program awards.
    Estimated Number of CDFI and NACA Program Respondents: 245.
    Estimated Annual Time CDFI and NACA Program per Respondent: 1 hour.
    Estimated Total Annual Burden Hours: 325 hours.
    Requests For Comments: Comments submitted in response to this 
notice will be summarized and/or included in the request for Office of 
Management and Budget (OMB) approval. All comments will become a matter 
of public record and will be published on the CDFI Fund Web site at 
http://www.cdfifund.gov.
    Comments are invited on: (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 collected; (d) ways to minimize the burden of the 
collection of information on respondents, including through the use of 
technology; and (e) estimates of capital or start-up costs and costs of 
operation, maintenance, and purchase of services to provide 
information.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collections of 
information displays a valid OMB control number.

    Authority:  12 U.S.C. 4704, 4713; 12 CFR parts 1805 and 1806.

Mary Ann Donovan,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2016-17996 Filed 7-28-16; 8:45 am]
 BILLING CODE 4810-70-P

50056 Federal Register / Vol. 81, No. 146 / Friday, July 29, 2016 / Notices

America requirements is appropriate for www.mycdfi.cdfifund.gov/docs/2006/ Estimated Number of Respondents:
the Sokia SX Robotic total station. nmtc/2006ATSinstructions.pdf. 658.
Written comments on this finding SUPPLEMENTARY INFORMATION: Estimated Annual Time per
may be submitted through any of the Title: New Markets Tax Credit Respondent: 18 hours.
methods discussed above. NHTSA may Program Allocation Tracking System. Estimated Total Annual Burden
reconsider this finding if, through OMB Number: 1559–0024. Hours: 11,844 hours.
comment, it learns additional relevant Abstract: Title I, subtitle C, section Requests for Comments: Comments
information regarding its decision to 121 of the Community Renewal Tax submitted in response to this notice will
grant New Hampshire’s waiver request. Relief Act of 2000 (the Act), as enacted be summarized and/or included in the
This finding should not be construed by section 1(a)(7) of the Consolidated request for OMB approval. All
as an endorsement or approval of any Appropriations Act, 2001 (Pub. L. 106– comments will become a matter of
products by NHTSA or the U.S. 554, December 21, 2000), amended the public record. Comments are invited on:
Department of Transportation. The Internal Revenue Code (IRC) by adding (a) Whether the collection of
United States Government does not IRC § 45D, New Markets Tax Credit. information is necessary for the proper
endorse products or manufacturers. Pursuant to IRC § 45D, the Department performance of the functions of the
Authority: 23 U.S.C. 313; Pub. L. 110–161. of the Treasury, through the CDFI Fund, agency, including whether the
administers the NMTC Program, which information has practical utility; (b) the
Issued in Washington, DC on July 25, 2016 accuracy of the agency’s estimate of the
under authority delegated in 49 CFR part provides an incentive to investors in the
form of tax credits over seven years and burden of the collection of information;
1.95.
stimulates the provision of private (c) ways to enhance the quality, utility,
Paul A. Hemmersbaugh,
investment capital that, in turn, and clarity of the information collected;
Chief Counsel. (d) ways to minimize the burden of the
[FR Doc. 2016–17972 Filed 7–28–16; 8:45 am] facilitates economic and community
development in low-income collection of information on
BILLING CODE 4910–59–P
communities. In order to qualify for an respondents, including through the use
allocation of NMTC authority, an entity of technology; and (e) estimates of
must be certified as a qualified capital or start-up costs and costs of
DEPARTMENT OF THE TREASURY operation, maintenance, and purchase
Community Development Entity and
submit an allocation application to the of services required to provide
Community Development Financial information.
Institutions Fund CDFI Fund. Upon receipt of such
applications, the CDFI Fund conducts a Authority: 12 U.S.C. 4701 et seq.; 26
Notice and Request for Public competitive review process to evaluate U.S.C. 45D.
Comment applications for the receipt of NMTC Mary Ann Donovan,
allocations. Entities selected to receive Director, Community Development Financial
SUMMARY: The U.S. Department of the an NMTC allocation must enter into an Institutions Fund.
Treasury, as part of its continuing effort allocation agreement with the CDFI [FR Doc. 2016–17916 Filed 7–28–16; 8:45 am]
to reduce paperwork and respondent Fund. The allocation agreement
burden, invites the general public and BILLING CODE 4810–70–P
contains the terms and conditions,
other Federal agencies to take this including all reporting requirements,
opportunity to comment on proposed associated with the receipt of a NMTC DEPARTMENT OF THE TREASURY
and/or continuing information allocation. The CDFI Fund requires each
collections, as required by the allocatee to use an electronic data Community Development Financial
Paperwork Reduction Act of 1995, collection and submission system, Institutions Fund
Public Law 104–13 (44 U.S.C. known as the Allocation Tracking
3506(c)(2)(A)). Currently, the System (ATS), to report on the Agency Information Collection
Community Development Financial information related to its receipt of a Activities; Proposals, Submissions,
Institutions Fund (CDFI Fund), U.S. Qualified Equity Investment. and Approvals
Department of the Treasury, is soliciting The CDFI Fund developed the ATS to,
comments concerning the New Markets AGENCY: Community Development
among other things: (1) Enhance the Financial Institutions Fund, Treasury.
Tax Credit (NMTC) Program Allocation allocatee’s ability to report to the CDFI
Tracking System (ATS). ACTION: Notice and request for
Fund timely information regarding the comments.
DATES: Written comments must be issuance of its Qualified Equity
received on or before September 27, Investments; (2) enhance the CDFI SUMMARY: The U.S. Department of the
2016 to be assured of consideration. Fund’s ability to monitor the issuance of Treasury, as part of its continuing effort
ADDRESSES: Submit your comments via Qualified Equity Investments to ensure to reduce paperwork and respondent
email to David Meyer, Certification, that no allocatee exceeds its allocation burden, invites the general public and
Compliance Monitoring and Evaluation authority and to ensure that Qualified other Federal agencies to take this
(CCME) Program Manager, CDFI Fund, Equity Investments are issued within opportunity to comment on proposed
at ccme@cdfi.treas.gov. the timeframes required by the information collections, as required by
FOR FURTHER INFORMATION CONTACT: allocation agreement and IRC § 45D; and the Paperwork Reduction Act of 1995,
David Meyer, CCME Program Manager, (3) provide the CDFI Fund with basic Public Law 104–13 (44 U.S.C.
CDFI Fund, U.S. Department of the investor data which may be aggregated 3506(c)(2)(A)). Currently, the
ebenthall on DSK5MVXVN1PROD with NOTICES

Treasury, 1500 Pennsylvania Avenue and analyzed in connection with NMTC Community Development Financial
NW., Washington, DC 20220 or by evaluation efforts. Institutions Fund (the CDFI Fund), the
facsimile to (202) 653–0375 (not a toll Current Actions: Renewal of Existing Department of the Treasury, is soliciting
free number). Other information Information Collection. comments concerning modifying the
regarding the CDFI Fund and its Type of Review: Regular Review. Bank Enterprise Award Program (BEA
programs may be obtained through the Affected Public: NMTC Program Program) Report Form to a form that
CDFI Fund’s Web site at https:// allocatees. may be used for the Community

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Federal Register / Vol. 81, No. 146 / Friday, July 29, 2016 / Notices 50057

Development Financial Institutions Native CDFIs. Through the CDFI Estimated Total Annual Burden
Program (CDFI Program) and Native Program and NACA Program, the CDFI Hours: 325 hours.
American CDFI Assistance Program Fund provides: (1) Financial Assistance Requests For Comments: Comments
(NACA Program). The form will be (FA) awards to CDFIs and Native CDFIs submitted in response to this notice will
renamed the Uses of Award Report that have Comprehensive Business be summarized and/or included in the
Form in an effort by the CDFI Fund to Plans for creating demonstrable request for Office of Management and
create uniform reporting requirements. community development impact Budget (OMB) approval. All comments
DATES: Written comments should be through the deployment of credit, will become a matter of public record
received on or before September 27, capital, and financial services within and will be published on the CDFI Fund
2016 to be assured of consideration. their respective Target Markets or the Web site at http://www.cdfifund.gov.
ADDRESSES: Submit your comments via expansion into new Investment Areas, Comments are invited on: (a) whether
email to Michael Banks, Associate Low-Income Targeted Populations, or the collection of information is
Program Manager, CDFI Fund, at Other Targeted Populations, and (ii) necessary for the proper performance of
cdfihelp@cdfi.treas.gov. Technical Assistance (TA) grants to the functions of the agency, including
CDFIs and Native CDFIs and entities whether the information shall have
FOR FURTHER INFORMATION CONTACT:
proposing to become CDFIs or Native practical utility; (b) the accuracy of the
Michael Banks, Associate Program agency’s estimate of the burden of the
Manager, CDFI Fund, U.S. Department CDFIs in order to build their capacity to
better address the community collection of information; (c) ways to
of the Treasury, 1500 Pennsylvania enhance the quality, utility, and clarity
Avenue NW, Washington, DC 20220. development and capital access needs of
their existing or proposed Target of the information collected; (d) ways to
The Uses of Award Report Form may be minimize the burden of the collection of
obtained from the CDFI Fund’s Web site Markets and/or to become certified
CDFIs. CDFI Program applicants submit information on respondents, including
at http://www.cdfifund.gov/bea under
applications and are evaluated in through the use of technology; and (e)
How to Apply Step 5: Compliance and
accordance with statutory and estimates of capital or start-up costs and
Reporting or http://www.cdfifund.gov/
regulatory requirements (12 CFR 1805), costs of operation, maintenance, and
cdfi under How to Apply Step 4:
and requirements that are set forth in an purchase of services to provide
Compliance and Reporting.
annual Notice of Funds Availability. information.
SUPPLEMENTARY INFORMATION: Title: Uses An agency may not conduct or
NACA Program applicants submit
of Award Report Form (formerly BEA sponsor, and a person is not required to
Program Award Report Form). applications and are evaluated in
accordance with requirements that are respond to, a collection of information
OMB Number: 1559–0032. unless the collections of information
Abstract: The purpose of the BEA set forth in an annual Notice of Funds
Availability. Recipients with FA or TA displays a valid OMB control number.
Program is to provide an incentive to
insured depository institutions to awards are required to report to the Authority: 12 U.S.C. 4704, 4713; 12 CFR
increase their activities in the form of CDFI Fund on the uses of those funds parts 1805 and 1806.
loans, investments, services, and per their Assistance Agreements. Mary Ann Donovan,
technical assistance within distressed In an effort to create uniformity in
Director, Community Development Financial
communities and provide financial reporting across the CDFI Fund, the Institutions Fund.
assistance to certified Community CDFI Fund seeks to revise the BEA
[FR Doc. 2016–17996 Filed 7–28–16; 8:45 am]
Development Financial Institutions Program Award Report Form and
BILLING CODE 4810–70–P
(CDFIs) through grants, stock purchases, rename it the ‘‘Uses of Award Report
loans, deposits, and other forms of Form.’’ The BEA Program Award Report
financial and technical assistance. Form is currently required for DEPARTMENT OF THE TREASURY
Applicants submit applications and are Recipients of awards under the BEA
evaluated in accordance with statutory Program. These revisions would allow Office of the Comptroller of the
and regulatory requirements (12 CFR the form to also be used by the Currency
1806), and requirements that are set Community Development Financial
forth in the annual Notice of Funds Institutions Program (CDFI Program) Agency Information Collection
Availability. The CDFI Fund requires and Native American CDFI Assistance Activities: Information Collection
BEA Program Award Recipients to use Program (NACA Program). This request Renewal; Submission for OMB Review;
BEA Program Awards for BEA Program for public comment seeks to gather Margin and Capital Requirements for
Qualified Activities, as defined in the information on the revised Use of Covered Swap Entities: Exemptions
BEA Program regulations. Recipients are Award Report Form.
AGENCY: Office of the Comptroller of the
required to report to the CDFI Fund on Current Actions: Renewal and
Currency (OCC), Treasury.
their Qualified Activities per their revision of an existing Information
ACTION: Notice and request for comment.
Assistance Agreements. Collection.
The CDFI Program is authorized by Type of Review: Regular Review. SUMMARY: The OCC, as part of its
the Riegle Community Development Affected Public: Recipients of BEA continuing effort to reduce paperwork
Banking and Financial Institutions Act Program awards. and respondent burden, invites the
of 1994 (Pub. L. 103–325, 12 U.S.C. Estimated Number of BEA Program general public and other Federal
4701 et seq.). The CDFI Program uses Respondents: 80. agencies to comment on a continuing
federal resources to invest in and build Estimated Annual Time per BEA information collection as required by
ebenthall on DSK5MVXVN1PROD with NOTICES

the capacity of CDFIs to serve low- Program Respondent: 1 hour. the Paperwork Reduction Act of 1995
income people and communities lacking Affected Public: Recipients of CDFI or (PRA).
adequate access to affordable financial NACA Program awards. In accordance with the requirements
products and services. The CDFI Fund Estimated Number of CDFI and NACA of the PRA, the OCC may not conduct
created the Native Initiatives, which Program Respondents: 245. or sponsor, and the respondent is not
includes the NACA Program, to further Estimated Annual Time CDFI and required to respond to, an information
support the creation and expansion of NACA Program per Respondent: 1 hour. collection unless it displays a currently

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Document Created: 2018-02-08 07:51:50
Document Modified: 2018-02-08 07:51:50

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 September 27, 2016 to be assured of consideration.
Contact		Michael Banks, Associate Program Manager, CDFI Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue NW, Washington, DC 20220. The Uses of Award Report Form may be obtained from the CDFI Fund's Web site at http://www.cdfifund.gov/bea under How to Apply Step 5: Compliance and Reporting or http:// www.cdfifund.gov/cdfi under How to Apply Step 4: Compliance and Reporting.
FR Citation		81 FR 50056

81 FR 50056 - Agency Information Collection Activities; Proposals, Submissions, and Approvals

DEPARTMENT OF THE TREASURYCommunity Development Financial Institutions Fund

Federal Register Volume 81, Issue 146 (July 29, 2016)

DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund