[Federal Register Volume 63, Number 1 (Friday, January 2, 1998)]
[Notices]
[Pages 123-124]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-34219]
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DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund
Proposed Collection; Comment Request
ACTION: Notice and request for comments.
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SUMMARY: The Department of 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, Pub. L. 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the Community Development Financial
Institutions Fund (the Fund) within the Department of the Treasury is
soliciting comments concerning the Community Development Financial
Institutions (CDFI) Program.
DATES: Written comments should be received on or before March 3, 1998
to be assured of consideration.
ADDRESSES: Direct all comments to the Director, Community Development
Financial Institutions Fund, U.S. Department of the Treasury, 601 13th
Street, NW, Suite 200 South, Washington, D.C. 20005, Fax Number (202)
622-7754.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form(s) and instructions should be directed to the
Community Development Financial Institutions Fund, U.S. Department of
the Treasury, 601 13th Street, NW, Suite 200 South, Washington, D.C.
20005, or call (202) 622-8662.
SUPPLEMENTARY INFORMATION:
Title: Community Development Financial Institutions Program.
OMB Number: 1505-0154.
[[Page 124]]
Abstract: The purpose of the Community Development Banking and
Financial Institutions Act of 1994 (Act) was to create the Fund to
promote economic revitalization and community development through
investment in and assistance to Community Development Financial
Institutions (CDFIs). The investments by the CDFI Program are intended
to facilitate the creation of a national network of financial
institutions that is dedicated to community development.
Current Actions: The Fund is in the process of making revisions to
its regulations (12 CFR part 1805), application and assistance
agreements, in order to publish a Notice of Funds Availability (NOFA)
for the third round of the CDFI Program.
Type of review: Extension with change.
Affected Public: Community development financial institutions.
Estimated Number of Respondents (Application): 250.
Estimated Number of Recordkeepers: 125.
Estimated Annual Frequency of Responses (Application): 1.
Estimated Annual Frequency of Reporting and Recordkeeping: 5.
Estimated Annual Time Per Respondent (Application): 100 hours.
Estimated Annual Time Per Recordkeeper: 36 hours.
Estimated Total Annual Burden Hours: 29,500 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. 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 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. 4703, 4717; chapter X, Pub. L. 104-19, 109
Stat. 237 (12 U.S.C. 4703 note), 12 CFR part 1805.
Dated: December 29, 1997.
Maurice A. Jones,
Acting Deputy Director, Community Development Financial Institutions
Fund.
[FR Doc. 97-34219 Filed 12-31-97; 8:45 am]
BILLING CODE 4810-70-P
