CDFI Fund: Public Comments on BEA Program Evaluation Sought

The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning an evaluation of the Bank Enterprise Award Program (BEA Program). The request for comment is expected to be published in the Federal Register this week.

The BEA Program Evaluation will assist the CDFI Fund in its assessment of a program administered to complement community development activities of insured depository institutions. The BEA Program provides financial assistance to FDIC-insured depository institutions for expanding investments in Community Development Financial Institutions (CDFIs), and for increasing lending, investment, and service activities within economically distressed communities with at least 30 percent of residents having incomes less than the national poverty level and at least 1.5 times the national unemployment rate.

The BEA Program Evaluation is designed to assess:

  • the effectiveness of the BEA Program as a mechanism for providing performance-based awards;
  • the influence of the BEA Program and BEA Program awards on bank behavior and investment patterns;
  • the impact of the BEA Program awards on award recipients and distressed communities; and
  • the impact of BEA Program-eligible investments in CDFIs and in distressed communities.

An online survey will be administered to address the study objectives and related research questions. Full details of the survey instrument, including the major categories and topics covered, may be found in the accompanying Federal Register notice.

The CDFI Fund specifically solicits comments regarding: (a) whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information collections; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology.

All comments must be received by 60 days after the date of publication of the Federal Register notice, and must be submitted in writing and sent to Greg Bischak, Manager, Financial Strategies and Research, at the CDFI Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue, NW, Washington, DC 20220; by e-mail to cdfihelp@cdfi.treas.gov; or by facsimile to (202) 508–0089. Please note this is not a toll free number.

For more information about the CDFI Fund, please visit www.cdfifund.gov or view the fact sheet.

Related Documents

View Related Federal Register Notice