81 FR 70486 - Proposed Collection; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 197 (October 12, 2016)

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 this continuing information collection, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)).

[Federal Register Volume 81, Number 197 (Wednesday, October 12, 2016)]
[Notices]
[Pages 70486-70487]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-24655]


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DEPARTMENT OF THE TREASURY


Proposed Collection; Comment Request

AGENCY: Departmental Offices, Treasury.

ACTION: Notice and request for comments.

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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 this continuing 
information collection, as required by the Paperwork Reduction Act of 
1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)).

DATES: Written comments should be received on or before December 12, 
2016 to be assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to the Department of the Treasury, Office of 
Financial Stability, ATTN: Linda Snoddy, 1500 Pennsylvania Avenue NW., 
Washington, DC 20020 or to [email protected].

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to the Department of the Treasury, Office of 
Financial Stability, ATTN: Linda Snoddy, 1500 Pennsylvania Avenue NW., 
Washington, DC 20020; (202) 622-0148; or [email protected].

SUPPLEMENTARY INFORMATION: 
    OMB Control Number: 1505-0223.
    Title: Troubled Asset Relief Program--Community Development Capital 
Initiative (CDCI).
    Abstract: The Department of the Treasury (Treasury) established the 
TARP Community Development Capital Initiative (CDCI) in 2010 to 
purchase qualifying assets from U.S. banking organizations that are 
certified Community Development Financial Institutions (CDFIs). Banks, 
savings associations, bank holding companies, savings and loan holding 
companies and credit unions were eligible to participate. Funding to 
successful CDCI applicants was completed in September 2010. For a 
limited period of time, Treasury is offering interested CDCI 
participants the opportunity to exit the CDCI program by repurchasing 
the CDCI securities held by Treasury at fair value. The information 
collection provides instructions and an application for CDCI 
institutions that would like to apply to

[[Page 70487]]

exit the CDCI program using this process.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profits: CDCI 
institutions.
    Estimated Number of Annual Respondents: 55.
    Estimated Hours per Response: 24 hrs. initially; 10 hrs. for 
resubmission.
    Estimated Total Annual Burden Hours: 1,570.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and included in the request for Office of Management 
and Budget approval. Comments may become a matter of public record. The 
public is invited to submit comments concerning: (a) Whether the 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information will 
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 to be collected; (d) 
ways to minimize the burden of the collection of information on 
respondents, including the use of automated collection techniques or 
other forms of information technology; and (e) estimates of capital or 
start-up costs and costs of operation, maintenance, and purchase of 
services to provide information.

    Dated: October 6, 2016.
Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2016-24655 Filed 10-11-16; 8:45 am]
 BILLING CODE 4810-25-P