OTS collects the information to
fulfill its obligations under the Community Reinvestment Act (CRA)
(12 U.S.C. 2901 et seq.) to evaluation and assign ratings to the
efforts of institutions to help meet the credit needs of their
communities, including low and moderate-income neighborhoods,
consistent with safe and sound banking practices. OTS uses the
information in the examination process and in evaluating
applications for mergers, branches and certain other corporate
activities.
OTS is citing a reduction in
the inventory burden due to a reduction in the number of
rerspondents. OTS uses the data collected under the CRA regulations
to fulfill its obligations under the statute, including the
assessment of each institutions record of helping to meet the
credit needs of its entire community. OTS uses the data to support
its conclusions regarding an institutions record of performance,
in assigning a rating, and in preparing the written public
evaluations that the statute requires when an institution is
examined.
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:
(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;
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.