Agency Information Collection Activities; Proposed Collection: Comment Request; Uses of Awards Report Form, 55678-55679 [2019-22574]
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55678
Federal Register / Vol. 84, No. 201 / Thursday, October 17, 2019 / Notices
Issued on 10/10/2019.
Physical Loan Application Deadline
Date: 12/09/2019.
Economic Injury (EIDL) Loan
Application Deadline Date: 07/10/2020.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street SW, Suite 6050,
Washington, DC 20416, (202) 205–6734.
SUPPLEMENTARY INFORMATION: Notice is
hereby given that as a result of the
Administrator’s disaster declaration,
applications for disaster loans may be
filed at the address listed above or other
locally announced locations.
The following areas have been
determined to be adversely affected by
the disaster:
Primary Counties: Madison.
Contiguous Counties:
Illinois: Bond, Clinton, Jersey,
Macoupin, Montgomery, Saint
Clair.
Missouri: Saint Charles, Saint Louis,
Saint Louis City.
The Interest Rates are:
DATES:
DEPARTMENT OF THE TREASURY
Community Development Financial
Institutions Fund
Agency Information Collection
Activities; Proposed Collection:
Comment Request; Uses of Awards
Report Form
Notice and request for
comments.
ACTION:
The U.S. Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
information collections, as required by
the Paperwork Reduction Act of 1995.
Currently, the Community Development
Financial Institutions Fund (the CDFI
Fund), the Department of the Treasury,
is soliciting comments concerning the
Uses of Awards Report Form, which is
completed by the Bank Enterprise
Award Program (BEA Program)
Recipients and the Community
Development Financial Institutions
Program (CDFI Program) and Native
American CDFI Assistance Program
(NACA Program) Recipients.
DATES: Written comments should be
received on or before December 16, 2019
to be assured of consideration.
Percent
ADDRESSES: Direct all comments in
For Physical Damage:
writing to Mia Sowell, Associate
Homeowners With Credit AvailProgram Manager, Community
able Elsewhere ......................
3.500 Development Financial Institutions
Homeowners Without Credit
Fund, U.S. Department of the Treasury,
Available Elsewhere ..............
1.750
1500 Pennsylvania Avenue NW,
Businesses With Credit Available Elsewhere ......................
8.000 Washington, DC 20220, by email to
cdfihelp@cdfi.treas.gov, or by facsimile
Businesses
Without
Credit
Available Elsewhere ..............
4.000 to (202) 508–0083. Please note that this
Non-Profit Organizations With
is not a toll free number.
Credit Available Elsewhere ...
2.750 FOR FURTHER INFORMATION CONTACT:
Non-Profit Organizations WithRequests for additional information
out Credit Available Elseshould be directed to Mia Sowell,
where .....................................
2.750
Associate Program Manager,
For Economic Injury:
Community Development Financial
Businesses Small Agricultural
Institutions Fund, U.S. Department of
Cooperatives Without Credit
Available Elsewhere ..............
4.000 the Treasury, 1500 Pennsylvania
Non-Profit Organizations WithAvenue NW, Washington, DC 20220, by
out Credit Available Elseemail to cdfihelp@cdfi.treas.gov, or by
where .....................................
2.750 phone to (202) 653–0421. Please note
that these are not toll free numbers.
The number assigned to this disaster
SUPPLEMENTARY INFORMATION:
for physical damage is 16158 6 and for
Title: Uses of Award Report Form.
economic injury is 16159 0.
OMB Number: 1559–0032.
The States which received an EIDL
There is no significant content change
Declaration # are Illinois, Missouri.
to the form, however the format will be
revised to: (1) Include a system(Catalog of Federal Domestic Assistance
generated validation data point to
Number 59008)
capture Persistent Poverty County
Christopher Pilkerton,
investments made by BEA Program
Acting Administrator.
Recipients; and (2) display a table that
[FR Doc. 2019–22619 Filed 10–16–19; 8:45 am]
describes and easily identifies which
BILLING CODE 8026–03–P
data points are collected for each
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program (BEA, CDFI, NACA Programs).
The revised form is also consistent with
the format of the CDFI Fund’s Annual
Compliance report.
The Uses of Award Report Form may
be obtained from the CDFI Fund’s
website at https://www.cdfifund.gov/bea
under How to Apply Step 4:
Compliance and Reporting or https://
www.cdfifund.gov/cdfi under How to
Apply Step 5: Compliance and
Reporting.
Type of Review: Revision of a
currently approved collection.
Description: The CDFI Fund is
seeking to revise its Uses of Award
Report Form to validate investments
made in Persistent Poverty Counties
(PPCs) by BEA Program award
Recipients in compliance with the PPC
Congressional Mandate. The CDFI
Fund’s appropriation in the
Consolidated Appropriations Act, 2019
(Pub. L. 116–6), enacted February 15,
2019, requires that at least 10 percent of
BEA Program funds be used for Awards
that support investments that serve
populations living in PPCs. In order to
meet this requirement, Applicants are
required to indicate the minimum and
maximum percentage of the Estimated
BEA Program Award the Applicant will
commit to deploying in PPCs.
A Persistent Poverty County is any
county that has had 20 percent or more
of its population living in poverty over
the past 30 years, as measured by the
1990 and 2000 decennial census, and
the 2011–2015 5-year data series
available from the American
Community Survey from the Census
Bureau. A Recipient that made
commitments to serve Persistent Poverty
Counties is required to identify the
portion of the total award amount used
for BEA Qualified Activities in
Persistent Poverty Counties.
The purpose of the BEA Program is to
provide an incentive to insured
depository institutions to increase their
activities in the form of loans,
investments, services, and technical
assistance within distressed
communities and provide financial
assistance to certified Community
Development Financial Institutions
(CDFIs) through grants, stock purchases,
loans, deposits, and other forms of
financial and technical assistance.
Applicants submit applications and are
evaluated in accordance with statutory
and regulatory requirements (12 CFR
1806), and requirements that are set
forth in the annual Notice of Funds
Availability. The CDFI Fund requires
BEA Program Award Recipients to use
BEA Program Awards for BEA Program
Qualified Activities, as defined in the
BEA Program regulations. Recipients are
E:\FR\FM\17OCN1.SGM
17OCN1
Federal Register / Vol. 84, No. 201 / Thursday, October 17, 2019 / Notices
required to report to the CDFI Fund on
their Qualified Activities per their
Award Agreements.
The CDFI Program was established by
the Community Development and
Regulatory Improvement Act of 1994 to
use federal resources to invest in and
build the capacity of CDFIs to serve lowincome people and communities lacking
adequate access to affordable financial
products and services. The CDFI Fund
created the Native Initiatives, which
includes the NACA Program, to further
support the creation and expansion of
Native CDFIs. Through the CDFI
Program and NACA Program, the CDFI
Fund provides: (1) Financial Assistance
(FA) awards to CDFIs and Native CDFIs
that have Comprehensive Business
Plans for creating demonstrable
community development impact
through the deployment of credit,
capital, and financial services within
Target Markets and/or Eligible
Markets; 1 and (ii) Technical Assistance
(TA) grants to CDFIs and Native CDFIs
and entities proposing to become CDFIs
or Native CDFIs in order to build their
capacity to better address the
community development and capital
access needs of their existing or
proposed Target Markets and/or to
become certified CDFIs. CDFI Program
applicants submit applications and are
evaluated in accordance with statutory
and regulatory requirements (12 CFR
1805), and requirements that are set
forth in an annual Notice of Funds
Availability. NACA Program applicants
submit applications and are evaluated
in accordance with requirements that
are set forth in an annual Notice of
Funds Availability. Recipients with FA
or TA awards are required to report to
the CDFI Fund on the uses of those
funds per their Assistance Agreements.
Affected Public: Recipients of BEA
Program awards.
Estimated Number of Respondents:
120.
Frequency of Response: Once.
Estimated Total Number of Annual
Responses: 120.
Estimated Annual Time per
Respondent: 1 hour.
Estimated Total Annual Burden
Hours: 120 hours.
Affected Public: Recipients of CDFI or
NACA Program awards.
Estimated Number of Respondents:
700.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 700.
Estimated Annual Time per
Respondent: 30 min.
Estimated Total Annual Burden
Hours: 350 hours.
Requests for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for the Office of Management
and Budget (OMB) approval. All
comments will become a matter of
public record and will be published on
the CDFI Fund website at https://
www.cdfifund.gov. Comments are
invited on: (a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of technology; and (e)
estimates of capital or start-up costs and
costs of operation, maintenance, and
purchase of services to provide
information.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Authority: 12 U.S.C. 4704, 4713; 12 CFR
parts 1805 and 1806.
Dated: October 10, 2019.
Jodie L. Harris,
Director, Community Development Financial
Institutions Fund.
[FR Doc. 2019–22574 Filed 10–16–19; 8:45 am]
BILLING CODE 4810–70–P
1 Eligible Market is defined as (i) a geographic
area meeting the requirements set forth in 12 CFR
1805.201(b)(3)(ii), or (ii) individuals that are LowIncome, African American, Hispanic, Native
American, Native Hawaiians residing in Hawaii,
Alaska Natives residing in Alaska, or Other Pacific
Islanders residing in American Samoa, Guam or the
Northern Mariana Islands.
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55679
DEPARTMENT OF TREASURY
Office of the Comptroller of the
Currency
[Docket ID OCC–2019–0018]
FEDERAL RESERVE SYSTEM
[Docket ID OP–1679]
FEDERAL DEPOSIT INSURANCE
CORPORATION
RIN 3064–ZA09
NATIONAL CREDIT UNION
ADMINISTRATION
RIN 3133–AF05
Interagency Guidance on Credit Risk
Review Systems
Office of the Comptroller of the
Currency (OCC), Treasury; Board of
Governors of the Federal Reserve
System (Board); Federal Deposit
Insurance Corporation (FDIC); and
National Credit Union Administration
(NCUA).
ACTION: Proposed guidance.
AGENCY:
The OCC, the Board, the
FDIC, and the NCUA (collectively, the
agencies) are inviting comment on
proposed guidance for credit risk review
systems. This proposed guidance is
relevant to all institutions supervised by
the agencies. The proposed guidance
discusses sound management of credit
risk, a system of independent, ongoing
credit review, and appropriate
communication regarding the
performance of the institution’s loan
portfolio to its management and board
of directors.
DATES: Comments must be received by
December 16, 2019.
ADDRESSES: Interested parties are
encouraged to submit written comments
to any or all of the agencies listed
below. The agencies will share
comments with each other.
Comments should be directed to:
OCC: You may submit comments to
the OCC by any of the methods set forth
below. Commenters are encouraged to
submit comments through the Federal
eRulemaking Portal or email, if possible.
Please use the title ‘‘Interagency
Guidance on Credit Risk Review
Systems’’ to facilitate the organization
and distribution of the comments. You
may submit comments by any of the
following methods:
• Federal eRulemaking Portal—
‘‘Regulations.gov’’: Go to
www.regulations.gov. Enter ‘‘Docket ID
OCC–2019–0018’’ in the Search Box and
click ‘‘Search.’’ Click on ‘‘Comment
SUMMARY:
E:\FR\FM\17OCN1.SGM
17OCN1
Agencies
[Federal Register Volume 84, Number 201 (Thursday, October 17, 2019)]
[Notices]
[Pages 55678-55679]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-22574]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund
Agency Information Collection Activities; Proposed Collection:
Comment Request; Uses of Awards Report Form
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The U.S. Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed information collections, as required by the Paperwork
Reduction Act of 1995. Currently, the Community Development Financial
Institutions Fund (the CDFI Fund), the Department of the Treasury, is
soliciting comments concerning the Uses of Awards Report Form, which is
completed by the Bank Enterprise Award Program (BEA Program) Recipients
and the Community Development Financial Institutions Program (CDFI
Program) and Native American CDFI Assistance Program (NACA Program)
Recipients.
DATES: Written comments should be received on or before December 16,
2019 to be assured of consideration.
ADDRESSES: Direct all comments in writing to Mia Sowell, Associate
Program Manager, Community Development Financial Institutions Fund,
U.S. Department of the Treasury, 1500 Pennsylvania Avenue NW,
Washington, DC 20220, by email to [email protected], or by
facsimile to (202) 508-0083. Please note that this is not a toll free
number.
FOR FURTHER INFORMATION CONTACT: Requests for additional information
should be directed to Mia Sowell, Associate Program Manager, Community
Development Financial Institutions Fund, U.S. Department of the
Treasury, 1500 Pennsylvania Avenue NW, Washington, DC 20220, by email
to [email protected], or by phone to (202) 653-0421. Please note
that these are not toll free numbers.
SUPPLEMENTARY INFORMATION:
Title: Uses of Award Report Form.
OMB Number: 1559-0032.
There is no significant content change to the form, however the
format will be revised to: (1) Include a system-generated validation
data point to capture Persistent Poverty County investments made by BEA
Program Recipients; and (2) display a table that describes and easily
identifies which data points are collected for each program (BEA, CDFI,
NACA Programs). The revised form is also consistent with the format of
the CDFI Fund's Annual Compliance report.
The Uses of Award Report Form may be obtained from the CDFI Fund's
website at https://www.cdfifund.gov/bea under How to Apply Step 4:
Compliance and Reporting or https://www.cdfifund.gov/cdfi under How to
Apply Step 5: Compliance and Reporting.
Type of Review: Revision of a currently approved collection.
Description: The CDFI Fund is seeking to revise its Uses of Award
Report Form to validate investments made in Persistent Poverty Counties
(PPCs) by BEA Program award Recipients in compliance with the PPC
Congressional Mandate. The CDFI Fund's appropriation in the
Consolidated Appropriations Act, 2019 (Pub. L. 116-6), enacted February
15, 2019, requires that at least 10 percent of BEA Program funds be
used for Awards that support investments that serve populations living
in PPCs. In order to meet this requirement, Applicants are required to
indicate the minimum and maximum percentage of the Estimated BEA
Program Award the Applicant will commit to deploying in PPCs.
A Persistent Poverty County is any county that has had 20 percent
or more of its population living in poverty over the past 30 years, as
measured by the 1990 and 2000 decennial census, and the 2011-2015 5-
year data series available from the American Community Survey from the
Census Bureau. A Recipient that made commitments to serve Persistent
Poverty Counties is required to identify the portion of the total award
amount used for BEA Qualified Activities in Persistent Poverty
Counties.
The purpose of the BEA Program is to provide an incentive to
insured depository institutions to increase their activities in the
form of loans, investments, services, and technical assistance within
distressed communities and provide financial assistance to certified
Community Development Financial Institutions (CDFIs) through grants,
stock purchases, loans, deposits, and other forms of financial and
technical assistance. Applicants submit applications and are evaluated
in accordance with statutory and regulatory requirements (12 CFR 1806),
and requirements that are set forth in the annual Notice of Funds
Availability. The CDFI Fund requires BEA Program Award Recipients to
use BEA Program Awards for BEA Program Qualified Activities, as defined
in the BEA Program regulations. Recipients are
[[Page 55679]]
required to report to the CDFI Fund on their Qualified Activities per
their Award Agreements.
The CDFI Program was established by the Community Development and
Regulatory Improvement Act of 1994 to use federal resources to invest
in and build the capacity of CDFIs to serve low-income people and
communities lacking adequate access to affordable financial products
and services. The CDFI Fund created the Native Initiatives, which
includes the NACA Program, to further support the creation and
expansion of Native CDFIs. Through the CDFI Program and NACA Program,
the CDFI Fund provides: (1) Financial Assistance (FA) awards to CDFIs
and Native CDFIs that have Comprehensive Business Plans for creating
demonstrable community development impact through the deployment of
credit, capital, and financial services within Target Markets and/or
Eligible Markets; \1\ and (ii) Technical Assistance (TA) grants to
CDFIs and Native CDFIs and entities proposing to become CDFIs or Native
CDFIs in order to build their capacity to better address the community
development and capital access needs of their existing or proposed
Target Markets and/or to become certified CDFIs. CDFI Program
applicants submit applications and are evaluated in accordance with
statutory and regulatory requirements (12 CFR 1805), and requirements
that are set forth in an annual Notice of Funds Availability. NACA
Program applicants submit applications and are evaluated in accordance
with requirements that are set forth in an annual Notice of Funds
Availability. Recipients with FA or TA awards are required to report to
the CDFI Fund on the uses of those funds per their Assistance
Agreements.
---------------------------------------------------------------------------
\1\ Eligible Market is defined as (i) a geographic area meeting
the requirements set forth in 12 CFR 1805.201(b)(3)(ii), or (ii)
individuals that are Low-Income, African American, Hispanic, Native
American, Native Hawaiians residing in Hawaii, Alaska Natives
residing in Alaska, or Other Pacific Islanders residing in American
Samoa, Guam or the Northern Mariana Islands.
---------------------------------------------------------------------------
Affected Public: Recipients of BEA Program awards.
Estimated Number of Respondents: 120.
Frequency of Response: Once.
Estimated Total Number of Annual Responses: 120.
Estimated Annual Time per Respondent: 1 hour.
Estimated Total Annual Burden Hours: 120 hours.
Affected Public: Recipients of CDFI or NACA Program awards.
Estimated Number of Respondents: 700.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 700.
Estimated Annual Time per Respondent: 30 min.
Estimated Total Annual Burden Hours: 350 hours.
Requests for Comments: Comments submitted in response to this
notice will be summarized and/or included in the request for the Office
of Management and Budget (OMB) approval. All comments will become a
matter of public record and will be published on the CDFI Fund website
at https://www.cdfifund.gov. Comments are invited on: (a) Whether the
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information shall
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the collection of information; (c) ways to enhance the
quality, utility, and clarity of the information collected; (d) ways to
minimize the burden of the collection of information on respondents,
including through the use of technology; and (e) estimates of capital
or start-up costs and costs of operation, maintenance, and purchase of
services to provide information.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number.
Authority: 12 U.S.C. 4704, 4713; 12 CFR parts 1805 and 1806.
Dated: October 10, 2019.
Jodie L. Harris,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2019-22574 Filed 10-16-19; 8:45 am]
BILLING CODE 4810-70-P