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OMB Control No: 1559-0005	ICR Reference No: 202604-1559-001
Status: Received in OIRA	Previous ICR Reference No: 202301-1559-001
Agency/Subagency: TREAS/CDFIF	Agency Tracking No:
Title: Bank Enterprise Award Program Application
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR: No
Type of Review Request: Regular	Date Submitted to OIRA: 04/17/2026

	Requested	Previously Approved
Expiration Date	05/31/2026	05/31/2026
Responses	141	141
Time Burden (Hours)	8,460	11,280
Cost Burden (Dollars)	0	0

Abstract: 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 information generated thereby, will enable the CDFI Fund to evaluate applicants' activities and determine the extent of applicants' eligibility for BEA Program awards.

Authorizing Statute(s): US Code: 12 USC 1834a Name of Law: Assessment credits for qualifying activities relating to distressed communities

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:
	87 FR 58639	09/27/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 5964	01/30/2023
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Bank Enterprise Award Program Application	CDFI-0002

ICR Summary of Burden

	Total Request	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	141	141	0
Annual Time Burden (Hours)	8,460	11,280	-2,820
Annual Cost Burden (Dollars)	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The CDFI Fund is seeking PRA approval to make a non-substantive change to its BEA Program Application (OMB Control No. 1559-0005). The information collection is being revised to minimize collection burden on Applicants by updating the Application for the FY 2026 funding round, clarifying guidance and instructions, improving the Application submission process, streamlining supporting documentation requirements, and by implementing technical updates. The CDFI Fund anticipates that these changes will reduce the average hours per response from 80 in the FY 2024 funding round to 60 in FY 2026. These changes will also reduce the likelihood that BEA Program Applicants erroneously submit supporting documentation containing Personally Identifiable Information (PII) of their individual borrowers. The CDFI Fund views these changes as non-substantive as they do not introduce any new concepts or measures from those currently approved by OMB.

Annual Cost to Federal Government: $941,747

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. 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? No

Agency Contact: Clint Hastings 202 653-0336 hastingsc@cdfi.treas.gov

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