CDFI Fund: Request for Public Comment – Bank Enterprise Award Program Application

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, Public Law 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 the Bank Enterprise Award Program (BEA Program) Application.

The purpose of the Bank Enterprise Award Program (BEA Program) is to provide an incentive to FDIC-insured depository institutions to increase their activities in the form of loans, investments, services, and technical assistance, within distressed communities and provide financial assistance to community development financial institutions through grants, stock purchases, loans, deposits, and other forms of financial and technical assistance. The CDFI Fund will make awards through the BEA Program to FDIC-insured depository institutions, based upon such institutions’ completion of certain qualified activities, as reported in the application.

The application will solicit information concerning: applicants’ eligibility to participate in the BEA Program; the quantity (value) of applicants’ activities, and the extent to which such activities may be qualified activities; and appropriate supporting documentation. The questions that the application contains, and the information generated thereby, will enable the CDFI Fund to evaluate applicants’ activities and determine the extent of applicants’ eligibility for BEA Program awards.

The CDFI Fund invites comments on: (a) whether the collection of information is necessary for the proper performance of the functions of the CDFI Fund, including whether the information shall have practical utility; (b) the accuracy of the CDFI Fund’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 of information on respondents, including through the use of technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.

Comments must be submitted in writing on or before October 11, 2016 to Bob Ibanez, BEA Program Manager, CDFI Fund, U.S. Department of the Treasury, at bea@cdfi.treas.gov, or 1500 Pennsylvania Avenue, NW, Washington, D.C., 20020.

Related Materials

Federal Register Notice

For Comment: BEA Program Application