[Federal Register Volume 85, Number 146 (Wednesday, July 29, 2020)]
[Notices]
[Pages 45635-45636]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-16392]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0092]
Agency Information Collection Activities: Proposed Collection
Renewal; Comment Request
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
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SUMMARY: The FDIC, as part of its obligations under the Paperwork
Reduction Act of 1995 (PRA), invites the general public and other
Federal agencies to take this opportunity to comment on the renewal of
the existing information collection described below (OMB Control No.
3064-0092).
DATES: Comments must be submitted on or before September 28, 2020.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
https://www.FDIC.gov/regulations/laws/federal.
Email: [email protected]. Include the name and number of
the collection in the subject line of the message.
Mail: Manny Cabeza (202-898-3767), Regulatory Counsel, MB-
3128, Federal Deposit Insurance Corporation, 550 17th Street NW,
Washington, DC 20429.
Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 17th Street NW, building (located on F
Street), on business days between 7:00 a.m. and 5:00 p.m.
All comments should refer to the relevant OMB control number. A
copy of the comments may also be submitted to the OMB desk officer for
the FDIC: Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Washington, DC
20503.
FOR FURTHER INFORMATION CONTACT: Manny Cabeza, Regulatory Counsel, 202-
898-3767, [email protected], MB-3128, Federal Deposit Insurance
Corporation, 550 17th Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: Proposal to renew the following currently
approved collections of information:
1. Title: Community Reinvestment Act.
OMB Number: 3064-0092.
Form Number: None.
Affected Public: Insured state nonmember banks and state savings
associations.
Burden Estimate
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Estimated Average Total
Source and type of burden Description number of estimated time estimated
respondents per response annual burden
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345.25(b) Reporting................... Request for designation 1 4 4
as a wholesale or
limited purpose bank--
Banks requesting this
designation shall file
a request in writing
with the FDIC at least
3 months prior to the
proposed effective date
of the designation.
345.27 Reporting...................... Strategic plan--Applies 10 400 4,000
to banks electing to
submit strategic plans
to the FDIC for
approval.
345.42(b)(1) Reporting................ Small business/small 277 8 2,216
farm loan data--Large
banks shall and Small
banks may report
annually in machine
readable form the
aggregate number and
amount of certain loans.
345.42(b)(2) Reporting................ Community development 277 13 3,601
loan data--Large banks
shall and Small banks
may report annually, in
machine readable form,
the aggregate number
and aggregate amount of
community development
loans originated or
purchased.
345.42(b)(3) Reporting................ Home mortgage loans-- 357 253 90,321
Large banks, if subject
to reporting under part
203 (Home Mortgage
Disclosure (HMDA)),
shall, and Small banks
may report the location
of each home mortgage
loan application,
origination, or
purchase outside the
MSA in which the bank
has a home/branch
office.
345.42(d) Reporting................... Data on affiliate 311 38 11,818
lending--Banks that
elect to have the FDIC
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 would have
collected, maintained,
and reported pursuant
to Sec. 345.42(a),
(b), and (c) had the
loans been originated
or purchased by the
bank. For home mortgage
loans, the bank shall
also be prepared to
identify the home
mortgage loans reported
under HMDA.
345.42(e) Reporting................... Data on lending by a 103 17 1,751
consortium or a third
party--Banks that elect
to have the FDIC
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, shall
report for those loans
the data that the bank
would have reported
under Sec.
345.42(b)(2) had the
loans been originated
or purchased by the
bank.
345.42(g) Reporting................... Assessment area data-- 380 2 760
Large banks shall and
Small banks may collect
and report to the FDIC
a list for each
assessment area showing
the geographies within
the area.
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Total Reporting................... ........................ .............. .............. 114,471
345.42(a) Recordkeeping............... Small business/small 380 219 83,220
farm loan register--
Large banks shall and
Small banks may collect
and maintain certain
data in machine-
readable form.
345.42(c) Recordkeeping............... Optional consumer loan 10 26 3,260
data--All banks may
collect and maintain in
machine readable form
certain data for
consumer loans
originated or purchased
by a bank for
consideration under the
lending test.
345.42(c)(2) Recordkeeping............ Other loan data--All 103 25 2,575
banks optionally may
provide other
information concerning
their lending
performance, including
additional loan
distribution data.
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Total Recordkeeping............... ........................ .............. .............. 89,055
[[Page 45636]]
345.41(a) 345.43(a); (a)(1); (a)(2); Content and availability 3,309 10 33,090
(a)(3); (a)(4); (a)(5); (a)(6); of public file--All
(a)(7); (b)(1); (b)(2); (b)(3); banks shall maintain a
(b)(4); (b)(5); (c); (d) Disclosure. public file that
contains certain
required information.
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Total Disclosure.................. ........................ .............. .............. 33,090
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Total Estimated Annual Burden. ........................ .............. .............. 236,616 hours
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General Description of Collection: The Community Reinvestment Act
regulation requires the FDIC to assess the record of banks and thrifts
in helping meet the credit needs of their entire communities, including
low- and moderate-income neighborhoods, consistent with safe and sound
operations; and to take this record into account in evaluating
applications for mergers, branches, and certain other corporate
activities.
There is no change in the method or substance of the collection.
The overall decrease in burden hours is a result of the decrease in the
estimated number of respondents.
Request for Comment: Comments are invited on: (a) Whether the
collection of information is necessary for the proper performance of
the FDIC's functions, including whether the information has practical
utility; (b) the accuracy of the estimates of the burden of the
information collection, including the validity of the methodology and
assumptions used; (c) ways to enhance the quality, utility, and clarity
of the information to be collected; and (d) ways to minimize the burden
of the collection of information on respondents, including through the
use of automated collection techniques or other forms of information
technology. All comments will become a matter of public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on July 23, 2020.
James P. Sheesley,
Acting Assistant Executive Secretary.
[FR Doc. 2020-16392 Filed 7-28-20; 8:45 am]
BILLING CODE 6714-01-P