Agency Information Collection Activities: Information Collection Renewal; Comment Request; Community Reinvestment Act Regulation, 57992-57994 [2024-15492]
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57992
Federal Register / Vol. 89, No. 136 / Tuesday, July 16, 2024 / Notices
Jersey Avenue SE, Suite W62–300,
Washington, DC 20590; (202) 366–0091.
Pursuant
to section 10(a)(2) of the Federal
Advisory Committee Act (Pub. L. 92–
463; 5 U.S.C. App. 2), notice is hereby
given of meetings of the GLS Advisory
Board. The agenda for each meeting is
the same and will be as follows:
SUPPLEMENTARY INFORMATION:
1. Opening Remarks
2. Consideration of Minutes of Past
Meeting
3. Quarterly Report
4. Old and New Business
5. Closing Discussion
6. Adjournment
khammond on DSKJM1Z7X2PROD with NOTICES
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
FOR FURTHER INFORMATION CONTACT
section. Any member of the public may
present a written statement to the
Advisory Board at any time.
Jkt 262001
BILLING CODE 4910–61–P
AGENCY:
Attendance at the meeting is open to
the interested public. With the approval
of the Administrator, members of the
public may present oral statements at
the meeting. Persons wishing further
information should contact the person
listed under the heading, FOR FURTHER
INFORMATION CONTACT. There will be
three (3) minutes allotted for oral
comments from members of the public
joining the meeting. To accommodate as
many speakers as possible, the time for
each commenter may be limited.
Individuals wishing to reserve speaking
time during the meeting must submit a
request at the time of registration, as
well as the name, address, and
organizational affiliation of the
proposed speaker. If the number of
registrants requesting to make
statements is greater than can be
reasonably accommodated during the
meeting, the GLS will conduct a lottery
to determine the speakers. Speakers are
requested to submit a written copy of
their prepared remarks for inclusion in
the meeting records and for circulation
to GLS Advisory Board members. All
prepared remarks submitted will be
accepted and considered as part of the
meeting’s record. Any member of the
public may submit a written statement
after the meeting deadline, and it will be
presented to the committee.
The U.S. Department of
Transportation is committed to
providing equal access to this meeting
for all participants. If you need
alternative formats or services because
of a disability, such as sign language,
interpretation, or other ancillary aids,
please contact the person listed in the
16:55 Jul 15, 2024
[FR Doc. 2024–15589 Filed 7–15–24; 8:45 am]
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request;
Community Reinvestment Act
Regulation
Public Participation
VerDate Sep<11>2014
Dated: July 11, 2024.
Carrie Lavigne,
Chief Counsel.
The OCC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites
comment on a continuing information
collection, as required by the Paperwork
Reduction Act of 1995 (PRA). In
accordance with the requirements of the
PRA, the OCC may not conduct or
sponsor, and the respondent is not
required to respond to, an information
collection unless it displays a currently
valid Office of Management and Budget
(OMB) control number. The OCC is
soliciting comment concerning the
renewal of its information collection
titled, ‘‘Community Reinvestment Act
Regulation.’’
SUMMARY:
Comments must be received by
September 16, 2024.
ADDRESSES: Commenters are encouraged
to submit comments by email, if
possible. You may submit comments by
any of the following methods:
• Email: prainfo@occ.treas.gov.
• Mail: Chief Counsel’s Office,
Attention: Comment Processing, Office
of the Comptroller of the Currency,
Attention: 1557–0357, 400 7th Street
SW, Suite 3E–218, Washington, DC
20219.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
• Fax: (571) 293–4835.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0357’’ in your comment. In general, the
OCC will publish comments on
www.reginfo.gov without change,
including any business or personal
information provided, such as name and
address information, email addresses, or
phone numbers. Comments received,
including attachments and other
supporting materials, are part of the
public record and subject to public
DATES:
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disclosure. Do not include any
information in your comment or
supporting materials that you consider
confidential or inappropriate for public
disclosure.
Following the close of this notice’s
60-day comment period, the OCC will
publish a second notice with a 30-day
comment period. You may review
comments and other related materials
that pertain to this information
collection beginning on the date of
publication of the second notice for this
collection by the method set forth in the
next bullet.
• Viewing Comments Electronically:
Go to www.reginfo.gov. Hover over the
‘‘Information Collection Review’’ tab
and click on ‘‘Information Collection
Review’’ from the drop-down menu.
From the ‘‘Currently under Review’’
drop-down menu, select ‘‘Department of
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching OMB control number ‘‘1557–
0357’’ or ‘‘Community Reinvestment
Act Regulation.’’ Upon finding the
appropriate information collection, click
on the related ‘‘ICR Reference Number.’’
On the next screen, select ‘‘View
Supporting Statement and Other
Documents’’ and then click on the link
to any comment listed at the bottom of
the screen.
• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, Clearance Officer,
(202) 649–5490, Chief Counsel’s Office,
Office of the Comptroller of the
Currency, 400 7th Street SW,
Washington, DC 20219. If you are deaf,
hard of hearing, or have a speech
disability, please dial 7–1–1 to access
telecommunications relay services.
Under the
PRA (44 U.S.C. 3501 et seq.), Federal
agencies must obtain approval from the
OMB for each collection of information
that they conduct or sponsor.
‘‘Collection of information’’ is defined
in 44 U.S.C. 3502(3) and 5 CFR
1320.3(c) to include agency requests or
requirements that members of the public
submit reports, keep records, or provide
information to a third party. Section
3506(c)(2)(A) of title 44 generally
requires Federal agencies to provide a
60-day notice in the Federal Register
concerning each proposed collection of
information, including each proposed
extension of an existing collection of
information, before submitting the
collection to OMB for approval. To
comply with this requirement, the OCC
SUPPLEMENTARY INFORMATION:
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Federal Register / Vol. 89, No. 136 / Tuesday, July 16, 2024 / Notices
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is publishing notice of the renewal of
this collection.
The OMB provided a six-month
approval for this information collection
on an emergency basis on April 17,
2024. The OCC is now seeking to extend
OMB approval of the collection for the
standard three years.
Title: Community Reinvestment Act
Regulation.
OMB Control No.: 1557–0357.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit.
Description: The CRA requires the
Office of the Comptroller of the
Currency, the Board of Governors of the
Federal Reserve System, and the Federal
Deposit Insurance Corporation
(agencies) to assess the record of
regulated financial institutions
(institutions) in helping to meet the
credit needs of their entire
communities, including low- and
moderate-income neighborhoods,
consistent with safe and sound
operations.1 The CRA further requires
the agencies to take this record into
account in evaluating applications for
mergers, branches, and certain other
corporate activities.2 The CRA statute
requires the agencies to issue
regulations to carry out its purposes.3
The agencies use the data collected
under the CRA regulations to fulfill
their statutory obligations, including the
assessment of each institution’s record
of helping to meet the credit needs of
local communities. The agencies use the
data to support their conclusions
regarding an institution’s record of
performance, in assigning a CRA rating,
and in preparing the public evaluations
that the statute requires. Additionally,
the agencies use these CRA assessments
in evaluating an institution’s
applications for mergers, branches, and
other corporate activities. The public
uses the data to assess the institution’s
CRA performance and to participate
meaningfully in the application process.
Section-by-Section Analysis
• 12 CFR 25.25(b)—Requests for
designation as a wholesale or limited
purpose bank or savings association
must be made in writing with the OCC
at least three months prior to the
proposed effective date of the
designation.
• 12 CFR 25.27—Strategic plans must
be submitted at least three months prior
to proposed effective dates. Plans must
include measurable goals and address
all the applicable performance
1 12
U.S.C. 2903(a)(1).
12 U.S.C. 2903(a)(2).
3 12 U.S.C. 2905.
2 See
VerDate Sep<11>2014
16:55 Jul 15, 2024
Jkt 262001
categories. Plans must include a
description of informal efforts to solicit
public suggestions, any written public
comments received, and if revised
pursuant to public comment, a copy of
the initial plan. Amendments may be
submitted in the case of a change in
material circumstances.
• 12 CFR 25.42(a), 12 CFR
25.42(b)(1)—Large banks and savings
associations 4 must collect and maintain
certain small business/small farm loan
data in a machine-readable form and
report it annually.
• 12 CFR 25.42(b)(2)—Large banks
and savings associations must report
annually in machine readable form the
aggregate number and aggregate amount
of community development loans
originated or purchased.
• 12 CFR 25.42(b)(3)—Large banks
and savings associations, if subject to
reporting under 12 CFR 1003 (Home
Mortgage Disclosure (Regulation C)),
must report the location of each home
mortgage loan application, origination,
or purchase outside the metropolitan
statistical area(s) in which the bank or
savings association has a home/branch
office.
• 12 CFR 25.42(c)(1), 12 CFR
25.42(c)(2)—All banks and savings
associations may collect and maintain
in machine readable form certain data
for consumer loans originated or
purchased by a bank or savings
association for consideration under the
lending test. Other information may be
included concerning their lending
performance, including additional loan
distribution data.
• 12 CFR 25.42(d)—Banks and
savings associations that elect to have
the OCC consider loans by an affiliate,
for purposes of the lending or
community development test or an
approved strategic plan, must collect,
maintain, and report the data that the
bank or savings association would have
collected, maintained, and reported
pursuant to 12 CFR 25.42(a)–(c),
respectively, had the loans been
originated or purchased by the bank or
savings association. For home mortgage
loans, the bank or savings association
must also be prepared to identify the
home mortgage loans reported under
HMDA by the affiliate.
• 12 CFR 25.42(e)—Banks and
savings associations that elect to have
the OCC consider community
development loans by a consortium or
a third party, for purposes of the lending
or community development tests or an
4 Although the CRA regulations do not define
‘‘large banks and savings associations,’’ this term is
used by the agencies to describe banks and savings
associations that exceed the small bank or savings
association asset size threshold in 12 CFR 25.12(u).
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57993
approved strategic plan, must report for
those loans the data that the bank or
savings association would have reported
under 12 CFR 25.42(b)(2), respectively,
had the loans been originated or
purchased by the bank or savings
association.
• 12 CFR 25.42(f)—Small banks and
savings associations that qualify for
evaluation under the small bank and
savings association performance
standards but elect evaluation under the
lending, investment, and service tests
must collect, maintain, and report the
data required for other banks or savings
associations under 12 CFR 25.42(a) and
25.42(b).
• 12 CFR 25.42(g)—Banks and
savings associations, except those that
were small banks or savings associations
during the prior calendar year, must
collect and report to the OCC by March
1 each year a list for each assessment
area showing the geographies within the
area.
• 12 CFR 25.43(a)—All banks and
savings associations must maintain a
public file that contains with certain
specified details: all written comments
and responses; a copy of the public
section of the bank’s or savings
association’s most recent CRA
performance evaluation; a list of the
bank’s or savings association’s branches;
a list of the branches opened or closed;
a list of services offered; and a map of
each assessment area delineated by the
bank or savings association.
• 12 CFR 25.43(b)—Large banks and
savings associations must include in
their public files certain information
pertaining to the institution and its
affiliates, if applicable, for each of the
prior two calendar years. If the bank or
savings association has elected to have
one or more categories of its consumer
loans considered under the lending test,
for each of these categories, they must
include the number and amount of
loans: to low-, moderate-, middle-, and
upper-income individuals; located in
low-, moderate-, middle-, and upperincome census tracts; and located inside
the bank’s assessment area(s) and
outside the bank’s or savings
association’s assessment area(s); and
their CRA Disclosure Statement. A bank
or savings association required to report
home mortgage loan data pursuant to 12
CFR part 1003 must include a written
notice that the institution’s HMDA
Disclosure Statement may be obtained
on the Consumer Financial Protection
Bureau’s (Bureau’s) website. A bank or
savings association that elected to have
the OCC consider the mortgage lending
of an affiliate must include the name of
the affiliate and a written notice that the
affiliate’s HMDA Disclosure Statement
E:\FR\FM\16JYN1.SGM
16JYN1
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57994
Federal Register / Vol. 89, No. 136 / Tuesday, July 16, 2024 / Notices
may be obtained at the Bureau’s
website. A small bank or savings
association or a bank or savings
association that was a small bank or
savings association during the prior
calendar year must include: its loan-todeposit ratio for each quarter of the
prior calendar year and, at its option,
additional data on its loan-to-deposit
ratio; and the information required for
other banks or savings associations by
12 CFR 24.43(b)(1), if it has elected to
be evaluated under the lending,
investment, and service tests. A bank or
savings association that has been
approved to be assessed under a
strategic plan must include in its public
file a copy of that plan. A bank or
savings association that received a less
than satisfactory rating during its most
recent examination must include in its
public file a description of its current
efforts to improve its performance in
helping to meet the credit needs of its
entire community. The bank must
update the description quarterly.
• 12 CFR 25.43(c)–(e)—A bank or
savings association must make available
to the public for inspection upon
request and at no cost the information
required in this section at the main
office or branch as specified. Upon
request, a bank or savings association
must provide copies, either on paper or
in another form acceptable to the person
making the request, of the information
in its public file. A bank or savings
association must ensure that this
information is current as of April 1 of
each year.
Estimated Burden:
Estimated Frequency of Response: On
occasion.
Estimated Number of Respondents:
2,096.
Estimated Total Annual Burden:
141,638 hours.
Comments submitted in response to
this notice will be summarized and
included in the request for OMB
approval. All comments will become a
matter of public record. Comments are
invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
OCC, including whether the information
has practical utility;
(b) The accuracy of the OCC’s
estimate of the burden of the collection
of information;
(c) Ways to enhance the quality,
utility, and clarity of the information to
be collected;
(d) Ways to minimize the burden of
the collection on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and
VerDate Sep<11>2014
16:55 Jul 15, 2024
Jkt 262001
(e) Estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Patrick T. Tierney,
Assistant Director, Office of the Comptroller
of the Currency.
[FR Doc. 2024–15492 Filed 7–15–24; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Notice of OFAC Sanctions Actions
Brazil; Bolivia; Panama; United States; Target
Type Criminal Organization [TCO].
Designated pursuant to section 1(a)(ii)(A)
of Executive Order 13581 of July 24, 2011,
‘‘Blocking Property of Transnational Criminal
Organizations,’’ 76 FR 44757 (July 27, 2011),
as amended by Executive Order 13863 of
March 15, 2019, ‘‘Taking Additional Steps to
Address the National Emergency With
Respect to Significant Transnational Criminal
Organizations,’’ 84 FR 10255 (March 19,
2019) (E.O. 13581, as amended), for being a
foreign person that constitutes a significant
transnational criminal organization.
Dated: July 11, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control,
U.S. Department of the Treasury.
Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
[FR Doc. 2024–15633 Filed 7–15–24; 8:45 am]
The U.S. Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing the name
of one person that has been placed on
OFAC’s Specially Designated Nationals
and Blocked Persons List (SDN List)
based on OFAC’s determination that one
or more applicable legal criteria were
satisfied. All property and interests in
property subject to U.S. jurisdiction of
this person are blocked, and U.S.
persons are generally prohibited from
engaging in transactions with them.
DATES: This action takes effect on the
date listed in SUPPLEMENTARY
INFORMATION.
UNITED STATES INSTITUTE OF
PEACE
AGENCY:
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
OFAC: Bradley T. Smith, Director, tel.:
202–622–2490; Associate Director for
Global Targeting, tel.: 202–622–2420;
Assistant Director for Licensing, tel.:
202–622–2480; Assistant Director for
Regulatory Affairs, tel.: 202–622–4855;
or the Assistant Director for
Compliance, tel.: 202–622–2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
The Specially Designated Nationals
and Blocked Persons List and additional
information concerning OFAC sanctions
programs are available on OFAC’s
website. (https://www.treasury.gov/
ofac).
BILLING CODE 4810–AL–P
Notice Regarding Board of Directors
Meetings
United States Institute of Peace
(USIP) and Endowment of the United
States Institute of Peace.
ACTION: Announcement of meeting.
AGENCY:
USIP announces the next
meeting of the Board of Directors.
DATES: Friday, July 19, 2024 (9:00 a.m.).
The next meeting of the Board of
Directors will be held October 25, 2024.
ADDRESSES: 2301 Constitution Avenue
NW, Washington, DC 20037.
FOR FURTHER INFORMATION CONTACT:
Corinne Graff, 202–429–7895, cgraff@
usip.org.
SUPPLEMENTARY INFORMATION: Open
Session—Portions may be closed
pursuant to subsection (c) of section
552b of title 5, United States Code, as
provided in subsection 1706(h)(3) of the
United States Institute of Peace Act,
Public Law 98–525.
Authority: 22 U.S.C. 4605(h)(3).
SUMMARY:
Dated: July 9, 2024.
Rebecca Fernandes,
Director of Accounting.
[FR Doc. 2024–15534 Filed 7–15–24; 8:45 am]
BILLING CODE 2810–03–P
Notice of OFAC Actions
A. On July 11, 2024, OFAC
determined that the property and
interests in property subject to U.S.
jurisdiction of the following person is
blocked under the relevant sanctions
authority listed below.
Entity
1. TREN DE ARAGUA (Latin: EL TREN DE
ARAGUA) (a.k.a. ‘‘ARAGUA TRAIN’’),
Venezuela; Colombia; Chile; Peru; Ecuador;
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DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0386]
Agency Information Collection
Activity: Interest Rate Reduction
Refinancing Loan Worksheet
Veterans Benefits
Administration (VBA), Department of
Veterans Affairs.
AGENCY:
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]]>Agencies
[Federal Register Volume 89, Number 136 (Tuesday, July 16, 2024)]
[Notices]
[Pages 57992-57994]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-15492]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Community Reinvestment Act Regulation
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The OCC, as part of its continuing effort to reduce paperwork
and respondent burden, invites comment on a continuing information
collection, as required by the Paperwork Reduction Act of 1995 (PRA).
In accordance with the requirements of the PRA, the OCC may not conduct
or sponsor, and the respondent is not required to respond to, an
information collection unless it displays a currently valid Office of
Management and Budget (OMB) control number. The OCC is soliciting
comment concerning the renewal of its information collection titled,
``Community Reinvestment Act Regulation.''
DATES: Comments must be received by September 16, 2024.
ADDRESSES: Commenters are encouraged to submit comments by email, if
possible. You may submit comments by any of the following methods:
Email: [email protected].
Mail: Chief Counsel's Office, Attention: Comment
Processing, Office of the Comptroller of the Currency, Attention: 1557-
0357, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Fax: (571) 293-4835.
Instructions: You must include ``OCC'' as the agency name and
``1557-0357'' in your comment. In general, the OCC will publish
comments on www.reginfo.gov without change, including any business or
personal information provided, such as name and address information,
email addresses, or phone numbers. Comments received, including
attachments and other supporting materials, are part of the public
record and subject to public disclosure. Do not include any information
in your comment or supporting materials that you consider confidential
or inappropriate for public disclosure.
Following the close of this notice's 60-day comment period, the OCC
will publish a second notice with a 30-day comment period. You may
review comments and other related materials that pertain to this
information collection beginning on the date of publication of the
second notice for this collection by the method set forth in the next
bullet.
Viewing Comments Electronically: Go to www.reginfo.gov.
Hover over the ``Information Collection Review'' tab and click on
``Information Collection Review'' from the drop-down menu. From the
``Currently under Review'' drop-down menu, select ``Department of
Treasury'' and then click ``submit.'' This information collection can
be located by searching OMB control number ``1557-0357'' or ``Community
Reinvestment Act Regulation.'' Upon finding the appropriate information
collection, click on the related ``ICR Reference Number.'' On the next
screen, select ``View Supporting Statement and Other Documents'' and
then click on the link to any comment listed at the bottom of the
screen.
For assistance in navigating www.reginfo.gov, please
contact the Regulatory Information Service Center at (202) 482-7340.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer,
(202) 649-5490, Chief Counsel's Office, Office of the Comptroller of
the Currency, 400 7th Street SW, Washington, DC 20219. If you are deaf,
hard of hearing, or have a speech disability, please dial 7-1-1 to
access telecommunications relay services.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501 et seq.),
Federal agencies must obtain approval from the OMB for each collection
of information that they conduct or sponsor. ``Collection of
information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to
include agency requests or requirements that members of the public
submit reports, keep records, or provide information to a third party.
Section 3506(c)(2)(A) of title 44 generally requires Federal agencies
to provide a 60-day notice in the Federal Register concerning each
proposed collection of information, including each proposed extension
of an existing collection of information, before submitting the
collection to OMB for approval. To comply with this requirement, the
OCC
[[Page 57993]]
is publishing notice of the renewal of this collection.
The OMB provided a six-month approval for this information
collection on an emergency basis on April 17, 2024. The OCC is now
seeking to extend OMB approval of the collection for the standard three
years.
Title: Community Reinvestment Act Regulation.
OMB Control No.: 1557-0357.
Type of Review: Regular.
Affected Public: Businesses or other for-profit.
Description: The CRA requires the Office of the Comptroller of the
Currency, the Board of Governors of the Federal Reserve System, and the
Federal Deposit Insurance Corporation (agencies) to assess the record
of regulated financial institutions (institutions) in helping to meet
the credit needs of their entire communities, including low- and
moderate-income neighborhoods, consistent with safe and sound
operations.\1\ The CRA further requires the agencies to take this
record into account in evaluating applications for mergers, branches,
and certain other corporate activities.\2\ The CRA statute requires the
agencies to issue regulations to carry out its purposes.\3\
---------------------------------------------------------------------------
\1\ 12 U.S.C. 2903(a)(1).
\2\ See 12 U.S.C. 2903(a)(2).
\3\ 12 U.S.C. 2905.
---------------------------------------------------------------------------
The agencies use the data collected under the CRA regulations to
fulfill their statutory obligations, including the assessment of each
institution's record of helping to meet the credit needs of local
communities. The agencies use the data to support their conclusions
regarding an institution's record of performance, in assigning a CRA
rating, and in preparing the public evaluations that the statute
requires. Additionally, the agencies use these CRA assessments in
evaluating an institution's applications for mergers, branches, and
other corporate activities. The public uses the data to assess the
institution's CRA performance and to participate meaningfully in the
application process.
Section-by-Section Analysis
12 CFR 25.25(b)--Requests for designation as a wholesale
or limited purpose bank or savings association must be made in writing
with the OCC at least three months prior to the proposed effective date
of the designation.
12 CFR 25.27--Strategic plans must be submitted at least
three months prior to proposed effective dates. Plans must include
measurable goals and address all the applicable performance categories.
Plans must include a description of informal efforts to solicit public
suggestions, any written public comments received, and if revised
pursuant to public comment, a copy of the initial plan. Amendments may
be submitted in the case of a change in material circumstances.
12 CFR 25.42(a), 12 CFR 25.42(b)(1)--Large banks and
savings associations \4\ must collect and maintain certain small
business/small farm loan data in a machine-readable form and report it
annually.
---------------------------------------------------------------------------
\4\ Although the CRA regulations do not define ``large banks and
savings associations,'' this term is used by the agencies to
describe banks and savings associations that exceed the small bank
or savings association asset size threshold in 12 CFR 25.12(u).
---------------------------------------------------------------------------
12 CFR 25.42(b)(2)--Large banks and savings associations
must report annually in machine readable form the aggregate number and
aggregate amount of community development loans originated or
purchased.
12 CFR 25.42(b)(3)--Large banks and savings associations,
if subject to reporting under 12 CFR 1003 (Home Mortgage Disclosure
(Regulation C)), must report the location of each home mortgage loan
application, origination, or purchase outside the metropolitan
statistical area(s) in which the bank or savings association has a
home/branch office.
12 CFR 25.42(c)(1), 12 CFR 25.42(c)(2)--All banks and
savings associations may collect and maintain in machine readable form
certain data for consumer loans originated or purchased by a bank or
savings association for consideration under the lending test. Other
information may be included concerning their lending performance,
including additional loan distribution data.
12 CFR 25.42(d)--Banks and savings associations that elect
to have the OCC consider loans by an affiliate, for purposes of the
lending or community development test or an approved strategic plan,
must collect, maintain, and report the data that the bank or savings
association would have collected, maintained, and reported pursuant to
12 CFR 25.42(a)-(c), respectively, had the loans been originated or
purchased by the bank or savings association. For home mortgage loans,
the bank or savings association must also be prepared to identify the
home mortgage loans reported under HMDA by the affiliate.
12 CFR 25.42(e)--Banks and savings associations that elect
to have the OCC consider community development loans by a consortium or
a third party, for purposes of the lending or community development
tests or an approved strategic plan, must report for those loans the
data that the bank or savings association would have reported under 12
CFR 25.42(b)(2), respectively, had the loans been originated or
purchased by the bank or savings association.
12 CFR 25.42(f)--Small banks and savings associations that
qualify for evaluation under the small bank and savings association
performance standards but elect evaluation under the lending,
investment, and service tests must collect, maintain, and report the
data required for other banks or savings associations under 12 CFR
25.42(a) and 25.42(b).
12 CFR 25.42(g)--Banks and savings associations, except
those that were small banks or savings associations during the prior
calendar year, must collect and report to the OCC by March 1 each year
a list for each assessment area showing the geographies within the
area.
12 CFR 25.43(a)--All banks and savings associations must
maintain a public file that contains with certain specified details:
all written comments and responses; a copy of the public section of the
bank's or savings association's most recent CRA performance evaluation;
a list of the bank's or savings association's branches; a list of the
branches opened or closed; a list of services offered; and a map of
each assessment area delineated by the bank or savings association.
12 CFR 25.43(b)--Large banks and savings associations must
include in their public files certain information pertaining to the
institution and its affiliates, if applicable, for each of the prior
two calendar years. If the bank or savings association has elected to
have one or more categories of its consumer loans considered under the
lending test, for each of these categories, they must include the
number and amount of loans: to low-, moderate-, middle-, and upper-
income individuals; located in low-, moderate-, middle-, and upper-
income census tracts; and located inside the bank's assessment area(s)
and outside the bank's or savings association's assessment area(s); and
their CRA Disclosure Statement. A bank or savings association required
to report home mortgage loan data pursuant to 12 CFR part 1003 must
include a written notice that the institution's HMDA Disclosure
Statement may be obtained on the Consumer Financial Protection Bureau's
(Bureau's) website. A bank or savings association that elected to have
the OCC consider the mortgage lending of an affiliate must include the
name of the affiliate and a written notice that the affiliate's HMDA
Disclosure Statement
[[Page 57994]]
may be obtained at the Bureau's website. A small bank or savings
association or a bank or savings association that was a small bank or
savings association during the prior calendar year must include: its
loan-to-deposit ratio for each quarter of the prior calendar year and,
at its option, additional data on its loan-to-deposit ratio; and the
information required for other banks or savings associations by 12 CFR
24.43(b)(1), if it has elected to be evaluated under the lending,
investment, and service tests. A bank or savings association that has
been approved to be assessed under a strategic plan must include in its
public file a copy of that plan. A bank or savings association that
received a less than satisfactory rating during its most recent
examination must include in its public file a description of its
current efforts to improve its performance in helping to meet the
credit needs of its entire community. The bank must update the
description quarterly.
12 CFR 25.43(c)-(e)--A bank or savings association must
make available to the public for inspection upon request and at no cost
the information required in this section at the main office or branch
as specified. Upon request, a bank or savings association must provide
copies, either on paper or in another form acceptable to the person
making the request, of the information in its public file. A bank or
savings association must ensure that this information is current as of
April 1 of each year.
Estimated Burden:
Estimated Frequency of Response: On occasion.
Estimated Number of Respondents: 2,096.
Estimated Total Annual Burden: 141,638 hours.
Comments submitted in response to this notice will be summarized
and included in the request for OMB approval. All comments will become
a matter of public record. Comments are invited on:
(a) Whether the collection of information is necessary for the
proper performance of the functions of the OCC, including whether the
information has practical utility;
(b) The accuracy of the OCC's estimate of the burden of the
collection of information;
(c) Ways to enhance the quality, utility, and clarity of the
information to be collected;
(d) Ways to minimize the burden of the collection on respondents,
including through the use of automated collection techniques or other
forms of information technology; and
(e) Estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Patrick T. Tierney,
Assistant Director, Office of the Comptroller of the Currency.
[FR Doc. 2024-15492 Filed 7-15-24; 8:45 am]
BILLING CODE 4810-33-P
