81 FR 52961 - Information Collection Request; Notice and Request for Public Comment

DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund

Federal Register Volume 81, Issue 154 (August 10, 2016)

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 and/or continuing 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), U.S. Department of the Treasury, is soliciting comments concerning the Bank Enterprise Award Program (BEA Program) Application.

[Federal Register Volume 81, Number 154 (Wednesday, August 10, 2016)]
[Notices]
[Pages 52961-52962]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-18559]


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DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Information Collection Request; Notice and Request for Public 
Comment

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 and/or continuing 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), U.S. Department of the Treasury, is 
soliciting comments concerning the Bank Enterprise Award Program (BEA 
Program) Application.

DATES: Written comments must be received on or before October 11, 2016 
to be assured of consideration.

ADDRESSES: Submit your comments via email to Bob Ibanez, BEA Program 
Manager, CDFI Fund, at [email protected].

FOR FURTHER INFORMATION CONTACT: Bob Ibanez, BEA Program Manager, CDFI 
Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue NW., 
Washington, DC. 20220. Other information regarding the CDFI Fund and 
its programs may be obtained through the CDFI Fund's Web site at http://www.cdfifund.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Bank Enterprise Award Program Application.
    OMB Number: 1559-0005.
    Abstract: The purpose of the Bank Enterprise Award Program (BEA 
Program) is to provide an incentive to FDIC-insured depository 
institutions to increase their activities in the form of

[[Page 52962]]

loans, investments, services, and technical assistance, within 
distressed communities and provide financial assistance to community 
development financial institutions through grants, stock purchases, 
loans, deposits, and other forms of financial and technical assistance. 
The CDFI Fund will make awards through the BEA Program to FDIC-insured 
depository institutions, based upon such institutions' completion of 
certain qualified activities, as reported in the application. The 
application will solicit information concerning: applicants' 
eligibility to participate in the BEA Program; the quantity (value) of 
applicants' activities, and the extent to which such activities may be 
qualified activities; and appropriate supporting documentation. The 
questions that the application contains, and the information generated 
thereby, will enable the CDFI Fund to evaluate applicants' activities 
and determine the extent of applicants' eligibility for BEA Program 
awards.
    Current Actions: Renewal of Existing Information Collection.
    Type of Review: Regular Review.
    Affected Public: Private Sector, businesses or other for-profits, 
not-for-profit institutions; State, Local, and Tribal Governments.
    Estimated Number of Respondents: 75.
    Estimated Annual Time per Respondent: 20 hours.
    Estimated Total Annual Burden Hours: 1,500 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. 
Comments are invited on: (a) Whether the collection of information is 
necessary for the proper performance of the functions of the CDFI Fund, 
including whether the information shall have practical utility; (b) the 
accuracy of the CDFI Fund's estimate of the burden of the collection of 
information; (c) ways to enhance the quality, utility, and clarity of 
the information to be 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.

    Authority: 12 U.S.C. 1834a, 4703, 4713, 4717; 12 CFR part 1806.

Dennis E. Nolan,
Deputy Director, Community Development Financial Institutions Fund.
[FR Doc. 2016-18559 Filed 8-9-16; 8:45 am]
 BILLING CODE 4810-70-P