Notice2025-11985
Agency Information Collection Activities: Information Collection Renewal; Comment Request; Disclosure and Reporting of CRA-Related Agreements
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 30, 2025
Issuing agencies
Treasury DepartmentComptroller of the Currency
Abstract
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, "Disclosure and Reporting of CRA-Related Agreements."
Full Text
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<title>Federal Register, Volume 90 Issue 123 (Monday, June 30, 2025)</title>
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[Federal Register Volume 90, Number 123 (Monday, June 30, 2025)]
[Notices]
[Pages 27904-27905]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-11985]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Comment Request; Disclosure and Reporting of CRA-Related
Agreements
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: Notice and request for comment.
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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,
``Disclosure and Reporting of CRA-Related Agreements.''
DATES: Comments must be received by August 29, 2025.
ADDRESSES: Commenters are encouraged to submit comments by email, if
possible. You may submit comments by any of the following methods:
<bullet> Email: <a href="/cdn-cgi/l/email-protection#344446555d5a525b745b57571a40465155471a535b42"><span class="__cf_email__" data-cfemail="265654474f4840496649454508525443475508414950">[email protected]</span></a>.
<bullet> Mail: Chief Counsel's Office, Attention: Comment
Processing, Office of the Comptroller of the Currency, Attention: 1557-
0219, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
<bullet> Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
<bullet> Fax: (571) 293-4835.
Instructions: You must include ``OCC'' as the agency name and
``1557-0219'' in your comment. In general, the OCC will publish
comments on <a href="http://www.reginfo.gov">www.reginfo.gov</a> 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
[[Page 27905]]
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.
<bullet> Viewing Comments Electronically: Go to <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
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 ``1557-0219'' or
``Disclosure and Reporting of CRA-Related Agreements.'' 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.
<bullet> For assistance in navigating <a href="http://www.reginfo.gov">www.reginfo.gov</a>, 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 is publishing notice of the renewal/revision of this collection.
Title: Disclosure and Reporting of CRA-Related Agreements.
OMB Control No.: 1557-0219.
Type of Review: Regular.
Affected Public: Businesses or other for-profit.
Description: National banks, Federal savings associations, and
their affiliates occasionally enter into agreements with
nongovernmental entities or persons (NGEPs) that are related to their
Community Reinvestment Act (CRA) responsibilities. Section 48 of the
Federal Deposit Insurance Act (FDI Act) requires disclosure of certain
of these agreements and imposes related reporting requirements on
insured depository institutions (IDIs), their affiliates, and NGEPs.\1\
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\1\ 12 U.S.C. 1831y.
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Section 48 of the FDI Act generally applies to written agreements
that: (1) are made pursuant to, or in connection with, the fulfillment
of the CRA; (2) involve funds or other resources of an IDI or affiliate
with an aggregate value of more than $10,000 in a year or loans with an
aggregate principal value of more than $50,000 in a year; \2\ and (3)
are entered into by an IDI or affiliate and an NGEP.\3\
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\2\ The definition includes groups of substantially related
agreements that satisfy these amounts in the aggregate.
\3\ 12 U.S.C. 1831y(e). The statutory definition of
``agreement'' excludes any agreement entered into with an NGEP ``who
has not commented on, testified about, or discussed with the
institution, or otherwise contacted the institution, concerning the
[CRA].'' Id.
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Under section 48, the parties to a covered agreement must make the
covered agreement available to the public and the appropriate Federal
banking agency.\4\ This section also requires the parties to file a
report annually with the appropriate Federal banking agency concerning
the disbursement, receipt, and use of funds or other resources under
the agreement.\5\
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\4\ 12 U.S.C. 1831y(a).
\5\ 12 U.S.C. 1831y(b)-(c).
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As mandated by the FDI Act, the OCC, the Federal Deposit Insurance
Corporation, and the Board of Governors of the Federal Reserve System
issued regulations to implement section 48. The OCC's regulation,
codified at 12 CFR 35, is known as the ``CRA Sunshine'' regulation. The
disclosure and reporting provisions of this regulation, which are
collections of information under the PRA, implement the statutorily
mandated disclosure and reporting requirements.
The information collections are found in 12 CFR 35.4(b); 35.6; and
35.7, and they require:
<bullet> IDIs or affiliates to notify each NGEP that is a party to
a covered agreement that the agreement concerns a CRA affiliate;
<bullet> NGEPs and IDIs or affiliates to make a copy of a covered
agreement available to any individual or entity upon request;
<bullet> NGEPs that are a party to a covered agreement to provide a
copy of the agreement within 30 days of receiving a request from the
relevant supervisory agency;
<bullet> Each IDI and affiliate to provide each relevant
supervisory agency with a copy of each covered agreement or a list of
all covered agreements entered into during a calendar quarter within 60
days of the end of the calendar quarter; \6\ and
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\6\ If providing a list of covered agreements, the IDI or
affiliate must provide a copy and public version of any agreement
referenced in the list to any relevant supervisory agency within
seven calendar days of receiving a request from the agency.
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<bullet> Annual reporting by NGEPs, IDIs or affiliates concerning
the disbursement, receipt, and uses of funds under each covered
agreement.
The parties to a covered agreement may request confidential
treatment of proprietary and confidential information in a covered
agreement or annual report and may withhold from public disclosure
confidential or proprietary information in a covered agreement.\7\
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\7\ 12 CFR 35.6(b)(2), 35.8; see 12 U.S.C. 1831y(h)(2)(A).
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Estimated Burden
Estimated Frequency of Response: On occasion.
Estimated Number of Respondents: 8.
Estimated Total Annual Burden: 369 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. 2025-11985 Filed 6-27-25; 8:45 am]
BILLING CODE P
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