[Federal Register Volume 85, Number 21 (Friday, January 31, 2020)]
[Notices]
[Pages 5779-5780]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-01882]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Bank Enterprise Award Program Application

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments should be received on or before March 2, 2020 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 (1) Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attention: Desk Officer for 
Treasury, New Executive Office Building, Room 10235, Washington, DC 
20503, or email at [email protected] and (2) Treasury PRA 
Clearance Officer, 1750 Pennsylvania Ave. NW, Suite 8100, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Spencer W. Clark by emailing [email protected], calling 
(202) 927-5331, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Community Development Financial Institutions Fund (CDFIF)

    Title: Bank Enterprise Award Program Application.
    OMB Control Number: 1559-0005.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: The purpose of the Bank Enterprise Award Program (BEA 
Program) is to provide an incentive to Federal Deposit Insurance 
Corporation-insured (FDIC-insured) depository institutions to increase 
their lending, investment, and financial services to residents and 
businesses located in economically distressed communities, and provide 
assistance to Community Development Financial Institutions (CDFIs) 
through grants, stock purchases, loans, deposits, and other forms of 
financial and technical assistance. The CDFI Fund will make awards 
through the BEA Program to FDIC-insured depository institutions, based 
upon such institutions' demonstrated increase of qualified activities, 
as reported in the Application. The Application will solicit 
information concerning: Applicants' eligibility to participate in the 
BEA Program; the increase in total dollar value of applicants' 
qualified activities; impact of qualified activities; and appropriate 
supporting documentation. The questions that the Application contains, 
and the

[[Page 5780]]

information generated thereby, will enable the CDFI Fund to evaluate 
applicants' activities and determine the extent of applicants' 
eligibility for BEA Program awards.
    Form: CDFI-0002.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 120.
    Frequency of Response: Once, Annually.
    Estimated Total Number of Annual Responses: 120.
    Estimated Time per Response: 60 hours.
    Estimated Total Annual Burden Hours: 7,200.

    Authority: 44 U.S.C. 3501 et seq.

    Dated: January 28, 2020.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2020-01882 Filed 1-30-20; 8:45 am]
 BILLING CODE 4810-70-P