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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
1559-0005
ICR Reference No:
201701-1559-001
Status:
Historical Active
Previous ICR Reference No:
201503-1559-001
Agency/Subagency:
TREAS/CDFIF
Agency Tracking No:
Title:
Bank Enterprise Award Program Application
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
02/17/2017
Retrieve Notice of Action (NOA)
Date Received in OIRA:
01/12/2017
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
02/29/2020
36 Months From Approved
12/31/2018
Responses
100
0
89
Time Burden (Hours)
4,500
0
3,952
Cost Burden (Dollars)
0
0
0
Abstract:
The BEA Program provides incentives to insured depository institutions to increase their support of CDFIs and their activities in economically distressed communities.
Authorizing Statute(s):
US Code:
12 USC 1834a
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
81 FR 52961
08/10/2016
30-day Notice:
Federal Register Citation:
Citation Date:
82 FR 3851
01/12/2017
Did the Agency receive public comments on this ICR?
Yes
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Bank Enterprise Award Program Application
CDFI-0003
Bank Enterprise Award Program Application
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
100
89
0
0
11
0
Annual Time Burden (Hours)
4,500
3,952
0
60
488
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Miscellaneous Actions
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
In response to feedback from the industry, the burden estimates were updated based on an analysis of applicant data from the last three years (Fiscal Years 2013 – 2015). The updated burden estimate takes into consideration one anticipated increase in applicant burden due to the collection of information on all activities reported in a specific category/sub-category (Table 5 - Reporting BEA Qualified Activities), but also considers three anticipated reductions in applicant burden. The anticipated reductions are related to the following: (1) the implementation of AMIS which will perform several calculations automatically and provide running totals of estimated award amounts based on the transactions entered by an applicant – a task that was formerly performed manually; (2) census tract eligibility determinations in AMIS (applicants previously had to use a separate system to determine this manually) and the availability of BEA Program eligibility data on the CDFI Fund’s public website, will reduce the need for applicants to use the CDFI Fund’s CIMS system to make these determinations; and (3) certain supporting documentation is no longer required to be generated for one particular set of BEA qualified activities. It’s estimated that the application will still take approximately 45 hours to complete. Therefore, the increase of 11 responses and 584 burden hours is an adjustment reflected in the total burden requested of 4,500 hours.
Annual Cost to Federal Government:
$0
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Mia Sowell 202 653-0356 sowellm@cdfi.treas.gov
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
01/12/2017
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