Community Reinvestment Act Regulation

ICR 202112-1557-002

OMB: 1557-0160

Federal Form Document

ICR Details
1557-0160 202112-1557-002
Active 202008-1557-003
TREAS/OCC
Community Reinvestment Act Regulation
Revision of a currently approved collection   No
Regular
Approved without change 12/15/2021
Retrieve Notice of Action (NOA) 12/15/2021
  Inventory as of this Action Requested Previously Approved
12/31/2023 36 Months From Approved 07/31/2023
2,158 0 1,402
113,351 0 603,260
0 0 0

The OCC is proposing to revise the OCC’s regulation implementing the CRA based on the regulations adopted by the OCC, Federal Deposit Insurance Corporation (FDIC), and Board of Governors of the Federal Reserve System (Board) (the agencies) on May 4, 1995 (1995 rule) to replace the CRA rule adopted on June 5, 2020, (June 2020 rule) with a revised 12 CFR part 25 and a reinstated 12 CFR part 195. This proposal would rescind the June 2020 rule and would align the OCC’s CRA regulations with those of the FDIC and Board. Aligning the agencies’ CRA regulations would facilitate the interagency rulemaking process by setting a level playing field thereby enabling the agencies to work more effectively on modernizing the CRA.

US Code: 12 USC 2901 et seq. Name of Law: Community Reinvestment Act
  
None

1557-AF15 Final or interim final rulemaking 86 FR 71318 12/15/2021

No

  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 2,158 1,402 0 756 0 0
Annual Time Burden (Hours) 113,351 603,260 0 -489,909 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
Yes
Changing Regulations
The reduction in burden is due to changing regulations.

$0
No
    No
    No
No
No
No
No
Emily Boyes 202 649-8647 emily.boyes@occ.treas.gov

  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:
 
 
 
 
 
 
 
    (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.
09/17/2021


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