Community Reinvestment Act

OMB Control No: 3064-0092	ICR Reference No: 201011-3064-004
Status: Historical Active	Previous ICR Reference No: 200710-3064-003
Agency/Subagency: FDIC	Agency Tracking No:
Title: Community Reinvestment Act
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/24/2011
Retrieve Notice of Action (NOA)	Date Received in OIRA: 02/10/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2014	36 Months From Approved	03/31/2011
Responses	5,038	0	5,519
Time Burden (Hours)	213,266	0	193,975
Cost Burden (Dollars)	0	0	0

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Abstract: The CRA requires banking agencies to assess the record of banks and thrifts in helping meet the credit needs of their entire communities, consistent with safe and sound operations, and to take this record into account in evaluating certain applications.

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Authorizing Statute(s): US Code: 12 USC 2901 et seq Name of Law: Community Reinvestment Act

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 75468	12/03/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 7567	02/10/2011
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title Form No. Form Name Community Reinvestment Act - Reporting and Recordkeeping CRA - Disclosure

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ICR Summary of Burden

	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	5,038	5,519	0	0	-481	0
Annual Time Burden (Hours)	213,266	193,975	0	0	19,291	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Because of the economic downturn, a number of FDIC-supervised institutions have closed or merged since 2007, resulting in a decrease of 549 in the overall number of respondents, from 5073 in 2007 to 4781 in 2010. However, the number of banks whose asset size has increased since 2007 to meet the large bank threshold has risen by 34. Therefore, despite the overall decrease in total number of respondents, the increase in burden of 19,291 hours is the result of an increase by 34 in the number of large financial institutions that are subject to reporting and recordkeeping requirements not applicable to smaller institutions.

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Annual Cost to Federal Government: $780,760

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Leneta Gregorie 202 898-3719

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Common Form ICR:  No

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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:
		(a) It is necessary for the proper performance of agency functions;
		(b) It avoids unnecessary duplication;
		(c) It reduces burden on small entities;
		(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
		(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
		(f) It indicates the retention periods for recordkeeping requirements;
		(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
			(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;
		(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
		(i) It uses effective and efficient statistical survey methodology (if applicable); and
		(j) It makes appropriate use of information technology.
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.
Certification Date: 02/10/2011

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