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Federal forms, ICRs, and supporting documents

Information Collection Request

Community and Economic Development Entities, Community Development Projects and other Public Welfare Investments - 12 CFR 24

ICR 200703-1557-003 · OMB 1557-0194 · Historical Inactive

Forms and Documents
DocumentTypeStatusAvailability
Form CD-1 Community and Economic Development Entities, Community Development Projects and other Public Welfare Investments - 12 CFR 24 Form Modified Repair queued
1557-0194.doc Supporting Statement A Uploaded 2007-06-14 Available
IC Document Collections
IC IDCollectionTypeStatusForm
20070 Community and Economic Development Entities, Community Development Projects and other Public Welfare Investments - 12 CFR 24 Form Modified
ICR Details
1557-0194 200703-1557-003
Historical Inactive 200601-1557-002
TREAS/OCC
Community and Economic Development Entities, Community Development Projects and other Public Welfare Investments - 12 CFR 24
Revision of a currently approved collection   No
Regular
Preapproved 10/09/2007
Retrieve Notice of Action (NOA) 07/03/2007
  Inventory as of this Action Requested Previously Approved
10/31/2010 36 Months From Approved 03/31/2009
400 0 250
590 0 371
0 0 0
Part 24 requires national banks to submit occasional filings for approval to the OCC for public welfare investments. The information is needed to ensure national bank compliance with the law and to ensure national bank safety and soundness. The OCC will use the information to determine whether the investment meets the statutory and regulatory requirements is consistent with safe and sound business practices, such as by not exposing the bank to unlimited liability, and does not pose significant risk to the Federal deposit insurance system.
US Code: 12 USC 24 (Eleventh) Name of Law: National Bank Act
  
None
1557-AC79 Proposed rulemaking 72 FR 36550 07/03/2007
No
  Total Request 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 400 250 0 150 0 0
Annual Time Burden (Hours) 590 371 0 219 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
Notice of proposed rulemaking would add provision that a national bank may submit a written request or letter to the OCC to exceed the 5% limit for aggregate outstanding investments.
$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Karen Bellesi 202 874-4930
  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.
07/03/2007