[Federal Register Volume 63, Number 20 (Friday, January 30, 1998)]
[Notices]
[Pages 4692-4693]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-2288]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Proposed Information Collection; Comment Request
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. Currently, the OCC is soliciting comment concerning its proposed
renewal without change of an information collection titled Community
Reinvestment Act Regulation--12 CFR part 25.
DATES: Written comments should be submitted by March 31, 1998.
ADDRESSES: Direct all written comments to the Communications Division,
Attention: 1557-0160, Third Floor, Office of the Comptroller of the
Currency, 250 E Street, SW, Washington, DC 20219. In addition, comments
may be sent by facsimile transmission to (202) 874-5274, or by
electronic mail to [email protected]
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the collection may be obtained by contacting Jessie Gates,
(202) 874-5090, Legislative and Regulatory Activities Division (1557-
0160), Office of the Comptroller of the Currency, 250 E Street, SW,
Washington, DC 20219.
SUPPLEMENTARY INFORMATION:
[[Page 4693]]
Title: Community Reinvestment Act Regulation--12 CFR Part 25.
OMB Number: 1557-0160.
Form Number: None.
Abstract: The OCC is requesting comment on its proposed renewal
without change of the information collections contained in 12 CFR Part
25. The OCC uses this information to assess each national bank's record
of meeting the credit needs of its community, as required by the
Community Reinvestment Act of 1977 (12 U.S.C. 2901 et seq.). The Act
requires the OCC to assess and evaluate the efforts of national banks
to help meet the credit needs of their communities, including low- and
moderate-income neighborhoods, consistent with safe and sound
operations. These records are used in evaluating applications for
mergers, branches, and other corporate activities. The collections of
information are found in 12 CFR 25.25, 25.27, 25.29, 25.41, 25.42, and
25.43. The OCC uses the records in the examination process to evaluate
a bank's CRA performance. The public uses the information to assess the
bank's CRA performance and to participate meaningfully in the
application process.
Type of Review: Renewal, without change, of OMB approval.
Affected Public: Businesses or other for-profit.
Number of Respondents: 3,076.
Total Annual Responses: 3,076.
Frequency of Response: Occasional.
Total Annual Burden: 57,044 burden hours.
Comments
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 agency, including whether
the information has 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 on respondents,
including through the use of automated collection techniques or other
forms of information technology; and
(e) Estimates of capital or startup costs and costs of operation,
maintenance, and purchase of services to provide information.
Dated: January 23, 1998.
Karen Solomon,
Director, Legislative and Regulatory Activities Division.
[FR Doc. 98-2288 Filed 1-29-98; 8:45 am]
BILLING CODE 4810-33-P
