82 FR 25911 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; Community Reinvestment Act Regulations

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency

Federal Register Volume 82, Issue 106 (June 5, 2017)

The OCC, 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 a continuing information collection as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled ``Community Reinvestment Act Regulations.''

[Federal Register Volume 82, Number 106 (Monday, June 5, 2017)]
[Notices]
[Pages 25911-25913]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-11550]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Comment Request; Community Reinvestment Act Regulations

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The OCC, 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 a continuing 
information collection as required by the Paperwork Reduction Act of 
1995 (PRA).
    In accordance with the requirements of the PRA, the OCC may not 
conduct or sponsor, and the respondent is not required to respond to, 
an information collection unless it displays a currently valid Office 
of Management and Budget (OMB) control number.
    The OCC is soliciting comment concerning the renewal of its 
information collection titled ``Community Reinvestment Act 
Regulations.''

DATES: Comments must be submitted on or before August 4, 2017.

ADDRESSES: Because paper mail in the Washington, DC area and at the OCC 
is subject to delay, commenters are encouraged to submit comments by 
email, if possible. Comments may be sent to: Legislative and Regulatory 
Activities Division, Office of the Comptroller of the Currency, 
Attention: 1557-0160, 400 7th Street SW., Suite 3E-218, Washington, DC 
20219. In addition, comments may be sent by fax to (571) 465-4326 or by 
electronic mail to [email protected]. You may personally inspect 
and photocopy comments at the OCC, 400 7th Street SW., Washington, DC 
20219. For security reasons, the OCC requires that visitors make an 
appointment to inspect comments. You may do so by calling (202) 649-
6700 or, for persons who are deaf or hard of hearing, TTY, (202) 649-
5597. Upon arrival, visitors will be required to present valid 
government-issued photo identification and submit to security screening 
in order to inspect and photocopy comments.
    All comments received, including attachments and other supporting 
materials, are part of the public record and subject to public 
disclosure. Do not include any information in your comment or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance 
Officer, (202) 649-5490 or, for persons who are deaf or hard of 
hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities 
Division, Office of the Comptroller of the Currency, 400 7th Street 
SW., Washington, DC 20219.

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), federal 
agencies must obtain approval from OMB for each collection of 
information that they conduct or sponsor. ``Collection of information'' 
is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency 
requests or requirements that members of the public submit reports, 
keep records, or provide information to a third party. Section 
3506(c)(2)(A) of title 44 requires federal agencies to provide a 60-day 
notice in the Federal Register concerning each proposed collection of 
information, including each proposed renewal of an existing collection 
of information, before submitting the collection to OMB for approval. 
To comply with this requirement, the OCC is publishing notice of the 
renewal of the collection of information set forth in this document.
    Title: Community Reinvestment Act Regulations.
    OMB Control No.: 1557-0160.
    Description: The Community Reinvestment Act (CRA) requires the 
federal banking agencies \1\ (Agencies) to assess the record of 
regulated financial institutions (institutions) in helping to meet the 
credit needs of their entire communities, including low- and

[[Page 25912]]

moderate-income neighborhoods, consistent with safe and sound 
operations. The CRA further requires the Agencies to take this record 
into account in evaluating applications for mergers, branches, and 
certain other corporate activities.\2\ The CRA statute requires the 
Agencies to issue regulations to carry out its purposes.\3\
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    \1\ OCC, Board of Governors of the Federal Reserve System, and 
Federal Deposit Insurance Corporation.
    \2\ 12 U.S.C. 2903.
    \3\ 12 U.S.C. 2905.
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    Each agency must provide written CRA performance evaluations (CRA 
PE) of the institutions they supervise. The CRA PEs are disclosed to 
the public. The public portion of each written CRA PE must present the 
agency's conclusions with respect to the CRA performance standards 
identified in its regulations; including the facts and data supporting 
those conclusions; and contain the institution's CRA rating and the 
basis for that rating.
    The reporting, recordkeeping, and disclosure requirements in the 
CRA regulations are necessary, as they provide the Agencies with the 
information they need to examine, assess, and assign ratings reflecting 
institutions' CRA performance and to prepare the public section of the 
CRA PE.
    The OCC's CRA regulation, 12 CFR 25, applies to national banks, 
including federal branches, as those are defined in 12 CFR 28, with 
federally insured deposits, except as provided in 12 CFR 25.11, 
(collectively, banks). Similarly, the OCC's CRA regulation, 12 CFR 195, 
applies to savings associations, except as provided in 12 CFR 195.11.
    Twelve CFR 25.25(b) and 195.25(b) provide that requests for 
designation as a wholesale or limited purpose bank or savings 
association must be made in writing with the OCC at least three months 
prior to the proposed effective date of the designation.
    Twelve CFR 25.27 and 195.27 provide for optional submission of 
strategic plans to the OCC for approval. If the requirements of 12 CFR 
25.27(a) or 195.27(a), respectively, are met, institutions' records of 
helping to meet the credit needs of their assessment areas will be 
assessed under their approved strategic plans.
    Twelve CFR 25.42(a) and 195.42(a) require that large banks and 
savings associations \4\ shall collect and maintain certain small 
business/small farm loan data in a machine-readable form and report it 
annually pursuant to 12 CFR 25.42(b)(1) and 195.42(b)(1).
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    \4\ Large banks and large savings associations are banks and 
savings associations that are not small banks or small savings 
associations defined in 12 CFR 25.12(u) or 195.12(u), respectively.
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    Twelve CFR 25.42(b)(2) and 195.42(b)(2) require that large banks 
and savings associations report annually in machine readable form the 
aggregate number and aggregate amount of community development loans 
originated or purchased.
    Twelve CFR 25.42(b)(3) and 195.42(b)(3) require that large banks 
and savings associations, if subject to reporting under 12 CFR 1003 
(Home Mortgage Disclosure (Regulation C)), must report the location of 
each home mortgage loan application, origination, or purchase outside 
the metropolitan statistical area(s) in which the bank or savings 
association has a home/branch office, and the location of each home 
mortgage loan application, origination, or purchase outside any 
metropolitan statistical area, in accordance with the requirements of 
Regulation C.
    Twelve CFR 25.42(c)(1) and 195.42(c)(1) provide that all banks and 
savings associations may collect and maintain in machine readable form 
certain data for consumer loans originated or purchased by a bank or 
savings association for consideration under the lending test. Under 12 
CFR 25.42(c)(2) and 195.42(c)(2), all banks and saving associations may 
include other information concerning their lending performance, 
including additional loan distribution data.
    Twelve CFR 25.42(d) and 195.42(d) provide that banks and savings 
associations that elect to have the OCC consider loans by an affiliate, 
for purposes of the lending or community development test or an 
approved strategic plan, shall collect, maintain, and report the data 
that the bank or savings association would have collected, maintained, 
and reported pursuant to 12 CFR 25.42(a)-(c) or 195.42(a)-(c), 
respectively, had the loans been originated or purchased by the bank or 
savings association. For home mortgage loans, the bank or savings 
association must also be prepared to identify the home mortgage loans 
reported under HMDA by the affiliate.
    Twelve 12 CFR 25.42(e) and 195.42(e) provide that banks and savings 
associations that elect to have the OCC consider community development 
loans by a consortium or a third party, for purposes of the lending or 
community development tests or an approved strategic plan, must report 
for those loans the data that the bank or savings association would 
have reported under 12 CFR 25.42(b)(2) or 195.42(b)(2), respectively, 
had the loans been originated or purchased by the bank or savings 
association.
    Twelve CFR 25.42(g) and 195.42(g) require that banks and savings 
associations, except those that were a small bank or small savings 
association \5\ during the prior calendar year, collect and report to 
the OCC a list for each assessment area showing the geographies within 
the area.
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    \5\ See 12 CFR 25.12(u) and 195.12(u), respectively.
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    Twelve CFR 25.43 and 195.43 generally require that all banks and 
savings associations maintain a public file that contains: All written 
comments and responses; a copy of the public section of the bank's or 
savings association's most recent CRA performance evaluation; a list of 
the bank's or savings association's branches; a list of the branches 
opened or closed; a list of services offered; and a map of each 
assessment area delineated by the bank or savings association under 12 
CFR 25.41 or 195.41, respectively. Certain banks and savings 
associations must include: A copy of their approved strategic plan and 
a description of the current efforts to improve their performance in 
helping to meet the credit needs of its entire community. Certain large 
banks and savings associations must include in their public files (for 
prior two years): Consumer loan data; CRA Disclosure Statements; and 
Home Mortgage Disclosure Act (HMDA) Disclosure Statements. Small banks 
and savings associations must include their loan-to-deposit ratio for 
each quarter of the prior calendar year and, at their option, 
additional data on its loan-to-deposit ratio.
    Type of Review: Regular review.
    Affected Public: Businesses or other for-profit.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 1,234.
    Estimated Total Annual Burden: 113,351 hours.
    Comments submitted in response to this notice will be summarized 
and included in the request for OMB approval. All comments will become 
a matter of public record. Comments are invited on:

    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimate of the burden of the 
information collection;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection on respondents, 
including

[[Page 25913]]

through 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: May 30, 2017.
Karen Solomon,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2017-11550 Filed 6-2-17; 8:45 am]
BILLING CODE 4810-33-P