View Information Collection Request (ICR) Package
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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:
3064-0092
ICR Reference No:
201011-3064-004
Status:
Historical Active
Previous ICR Reference No:
200710-3064-003
Agency/Subagency:
FDIC
Agency Tracking No:
Title:
Community Reinvestment Act
Type of Information Collection:
Extension without change of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
03/24/2011
Retrieve Notice of Action (NOA)
Date Received in OIRA:
02/10/2011
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
03/31/2014
36 Months From Approved
03/31/2011
Responses
5,038
0
5,519
Time Burden (Hours)
213,266
0
193,975
Cost Burden (Dollars)
0
0
0
Abstract:
The CRA requires banking agencies to assess the record of banks and thrifts in helping meet the credit needs of their entire communities, consistent with safe and sound operations, and to take this record into account in evaluating certain applications.
Authorizing Statute(s):
US Code:
12 USC 2901 et seq
Name of Law: Community Reinvestment Act
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:
75 FR 75468
12/03/2010
30-day Notice:
Federal Register Citation:
Citation Date:
76 FR 7567
02/10/2011
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
2
IC Title
Form No.
Form Name
CRA - Disclosure
Community Reinvestment Act - Reporting and Recordkeeping
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
5,038
5,519
0
0
-481
0
Annual Time Burden (Hours)
213,266
193,975
0
0
19,291
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
Because of the economic downturn, a number of FDIC-supervised institutions have closed or merged since 2007, resulting in a decrease of 549 in the overall number of respondents, from 5073 in 2007 to 4781 in 2010. However, the number of banks whose asset size has increased since 2007 to meet the large bank threshold has risen by 34. Therefore, despite the overall decrease in total number of respondents, the increase in burden of 19,291 hours is the result of an increase by 34 in the number of large financial institutions that are subject to reporting and recordkeeping requirements not applicable to smaller institutions.
Annual Cost to Federal Government:
$780,760
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:
Leneta Gregorie 202 898-3719
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:
02/10/2011
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