Emergency Capital Investment Program User Guide for Application Submission (Treasury, 12/2/2022)

Summary

A U.S. Department of the Treasury user guide for application submission under the Emergency Capital Investment Program (ECIP), meant to help users access and submit an application for investment through the program's online portal; it says it is not the instructions for the substance of the application. It notes that the Secretary may consult and share application materials with the Appropriate Federal Banking Agency, the FDIC, FRB, OCC or NCUA as applicable, and the applicant's State Regulator, and that the application and the Emergency Investment Lending Plan use terms defined in the Application Instructions and the Community Development Banking and Financial Institutions Act of 1994, as amended by the Consolidated Appropriations Act, 2021. Step-by-step portal instructions follow, ending with the submit button.

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“Emergency Capital Investment Program User Guide for Application Submission (Treasury, 12/2/2022).” Original at home.treasury.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/emergency-capital-investment-program-user-guide-for-application-submis-6d9a95c8f9/, SHA-256 33b7e22756c02ecdfb06327e922868b9f7dc068adb314d26b06ad3666a40bdf1.

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U.S. DEPARTMENT OF THE TREASURY

Emergency Capital Investment Program
User Guide for Application Submission

The following guide is intended to aid users to access and submit an application for investment from the Department of
the Treasury through the Emergency Capital Investment Program (ECIP). It is not the instructions for completing the
substance of the application.
This Application for the Emergency Capital Investment Program and any supporting materials must be submitted to
Treasury via the Program’s online application portal, available through the Treasury website at: ECIP webpage. As part of
the process to determine whether an Applicant may receive a capital investment under the Program, the Secretary may
consult and share Application materials with an Appropriate Federal Banking Agency (the FDIC, FRB, OCC, NCUA, as
applicable), and the Applicant’s State Regulator.

This Application and the Emergency Investment Lending Plan reference definitions and capitalized terms defined in the
Program’s Application Instructions and the Community Development Banking and Financial Institutions Act of 1994, as
amended by the Consolidated Appropriations Act, 2021.

Full instructions can be found on the Emergency Capital Investment Program (ECIP) webpage located here: ECIP
Homepage
Contact the ECIP Team with any questions or concerns at ecip@treasury.gov.

Table of Contents
Getting Started .................................................................................................................................................1
Application Submission ......................................................................................................................................2

Getting Started
1. You will be required to log in using ID.me with this link: https://portal.treasury.gov/cares/s/ecip
a. More information on creating and using an ID.me account can be found at the following link:
ECIPApplicationPortalRegistration_DetailedInstructions.pdf (treasury.gov)
2. After logging in you will be taken to the Treasury COVID 19 Relief Hub page. You will see a warning message,
please read and dismiss the message by clicking on the dismiss button below.

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3. Next, under Program Areas, please click the Emergency Capital Investment box to view the program.

Application Submission
1. Once you have clicked the Emergency Capital Investment box to view the program, you will arrive at the
application landing page, to start an application.

2. There will be a menu list to the left to access information related to the application, such as the application,
introduction, application process, eligibility, term sheets, aggregate amounts, conflicts of interest, termination
of investment authority, and paperwork reduction act notice. Please read the details of the content.

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3. To start, click the “Start an Application” button.

4. Please note the application details in the header of the application, such as the ECIP Applicant ID, Applicant
name, Applicant Taxpayer ID, Applicant Duns Number, Applicant Street Address, Applicant State of
Incorporation/Organization, and Status. Please also note that the application will be in draft form until the
application is submitted. The submission deadline is January 31, 2023. Lastly, applicants should never submit
Personally Identifiable Information (PII).

5. To the bottom left of the application details, there will be a menu list to access information related to the
application, such as User Instructions, Term Sheets, Definitions, Applicant Information, Applicant Organization,

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Affiliates, Financial Positions, Emergency Lending Plan, and Certification and Submission. Please click each tab
starting with the User Instructions and ending with the Certifications and Submission tab. Please save after
entering information on each of the tabs.

6. User Instructions:
Please read the User Instructions and complete each field, if required, please also provide supporting
explanations and documentation. Please also note that the application has several sections which were listed
above.

If you are collaborating on this application with someone else, send an email to the caresitforms@treasury.gov
to request that your co-workers id.me profile be merged so that you may collaborate together on this ECIP form.

If someone’s access needs to be revoked, you can send an email to caresitforms@treasury.gov in order to
request that your co-workers profile be removed.

After the application is completed and submitted successfully, the primary contact person listed in the
application will receive an automated confirmation email from the Treasury.
7. Term Sheets:

Please click and read the Term Sheets by selecting the bullet. Based on the type of applicant and other factors,
Treasury’s investment under the ECIP may take the form of senior preferred stock or subordinated debt.

8. Definitions:

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Please click and read the Definitions by selecting Quick Links. The definitions are applicable the guidelines, the
Emergency Capital Investment Lending Plan, and the Application Form.

9. Applicant Information:

Please complete each field of the Applicant Information tab. The term “Applicant” refers to the eligible
institution that is seeking to apply to receive a capital investment under the Program.

Once all fields are completed, please reminder to “Save this page” which is located on the bottom right of the
page.

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10. Applicant Organization:

Please complete each field of the Applicant Organization tab.

Once all fields are completed, please reminder to “Save this page” which is located on the bottom right of the
page.

11. Affiliates:
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Please complete each field by selecting the drop-down box. This tab has two areas to “Save this page.” There is a
“Save this page” button near the top right and a button near the bottom right side of the page. Please click each
button after providing the requested information.

Please follow each prompt on the page as instructed to complete the requested information. For example, a
response of yes to the “Add more Affiliates” prompts additional fields to complete to add the affiliate
information. Next, click the “Create Affiliate” button.

Please select the save button once the information populates. Create additional affiliates repeating the steps
above if more affiliates are needed.

Please provide a chart that identifies the Applicant’s ownership structure and all Affiliate relationships and
upload the files or drop the files.
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Additionally, if the Applicant is a BHC, a SLHC, or the Affiliate of a BHC/SLHC, the Applicant may skip the question
if it uploads its most recent FR Y-6.

Lastly, please click the “Save this page” button near the bottom right side of the page.

12. Financial Positions:

Please provide the following information on the Applicant by selecting the drop-down box.

Lastly, please click the “Save this page” button near the bottom right side of the page.
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13. Emergency Lending Plan:

The Applicant must provide documentation that supports its responses to questions 1 through 4 of the
Emergency Investment Lending Plan. Please click the “Save this page” button near the bottom right side of the
page each time you enter information.

If the Applicant is a BHC or a SLHC, the information provided in response to questions 1 through 4 must be based
on information aggregated across all of the Applicant’s Subsidiary Insured Depository Institutions.

The definitions of the capitalized terms contained in the Emergency Investment Lending Plan appear I the
Community Development Banking and Financial Institutions Act of 1994, as amended by the Consolidated
Appropriations Act, 2021, and the Application Instructions for the Emergency Capital Investment Program.

Please follow each prompt on the page as instructed to complete the requested information.

Question 1: Lending to LMI and Other Targeted Populations.

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Question 1(a). Loans originated refers to all new extensions of credit funded by the Applicant during the
referenced fiscal year. Please provide exact whole numbers to the extent possible. Please note which figures
used for FY2020 and FY2021, if any, are estimated and submit supporting documentation for any estimates in
the upload box below. If the Applicant is a BHC or a SLHC, the information provided must be information
aggregated across all of the Applicant’s Subsidiary Insured Depository Institutions.

Applicants must provide supporting documentation that indicates which figures used for FY 2020 and FY 2021
are estimated and provide the methodology and information used to make such estimates.

Please upload the files or drop the files.

Question 1(b). For loans originated by the Applicant over the past 2 fiscal years to “borrowers and projects that
create direct benefits for LMI populations” counted towards figures reported in Question 1(a), provide the
following information for up to the five largest of such borrowers served by the Applicant.

Please enter the text and select the drop-down box.

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Question 1(c). If the Applicant is unable to show that it meets the 30% threshold as required by the Act in
Question 1(a), please provide other data and information that can be used as a proxy to demonstrate that not
less than 30 percent of the lending of the Applicant over the past 2 fiscal years was made directly to LMI
borrowers, to borrowers or projects that create direct benefits for LMI populations, to Other Targeted
Populations, or any combination thereof, as measured by the total number and dollar amount of loans. Lending
made to borrowers in census tracts that are majority Other Targeted Populations (see row 5 in Question 1(a)) is
an example of a geography-based proxy for lending “directly to Other Targeted Populations” (see row 3 in
Question 1(a)). In responding to this Question 1(c), borrowers may provide additional proxies for lending to LMI
or Other Targeted Populations, including data with respect to the past two fiscal years, and provide a 2- year
track record based on that data and a three-year projection for lending.

Please upload the files or drop the files.

Question 2: Business Strategy to Address Community Development Needs.

Please describe how the business strategy and operating goals of the Applicant will address the community
development needs in communities that may be disproportionately impacted by the economic effects of COVID-
19, which includes the needs of small businesses, consumers, nonprofit organizations, community development,
and other projects providing direct benefits to LMI communities, Low-Income individuals, and Minorities within
the Minority, Rural, and Urban Low-Income and Underserved Areas served by the Applicant. Provide measurable
factors for how the community has been impacted by COVID-19, such as increases in unemployment, the
number of businesses closed due to the pandemic, or mortgage delinquencies.
The response to this question should also include up to five examples of particular business activities that the
Applicant will perform in FY 2023-24 to address community development needs in communities that may be
disproportionately impacted by the economic effects of COVID-19.

For each example, provide quantitative estimates and anticipated timing information that illustrate how the
relevant community development needs will be met, what particular groups and communities (e.g. small
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businesses, Low-Income individuals) will benefit, and the overall planned economic impact to those
groups/communities and in Minority, Rural, and Urban Low-Income and Underserved Areas served by the
Applicant. Where appropriate, address how an investment received under the ECIP will support the described
activities.

Each Applicant should provide data and information that support its belief that business strategy and operating
goals are realistic and achievable and will address the Community Development needs in communities that may
be disproportionately impacted by the economic effects of COVID-19.
Please upload the files or drop the files.

Question 3: Emergency Lending Plan.

Question 3(a) - Aggregate Growth Strategy

Please provide the additional aggregate dollar amount of qualified and deep impact loans, grants, and
forbearance projects that the Applicant, as a direct result of issuing the full amount of financial instruments or
senior preferred stock to the Treasury Department that it is seeking to issue under the Program, would provide
over the 10 year term of the financial instrument

Please provide the amount in the box below.

Treasury will consider county level data in evaluating Emergency Investment Lending Plans. Accordingly,
applicants must provide projections of aggregate growth in each county in their target market(s).

Using the template provided, provide the percentage of the aggregate dollar amount of qualified and deep
impact loans, grants and forbearance (from above) that the applicant projects will occur in each county in their
target market(s). (The total percentage must equal 100% for all counties.)

Select “Download Template” to access the template.

Please upload the files or drop the files.

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Question 3(b) - Minority and Disadvantaged Growth Strategy.

Please explain how the Applicant plans to expand or maintain significant lending or investment activity in LMI
Minority communities, especially those that may be disproportionately impacted by COVID-19, to historically
disadvantaged borrowers, and to Minorities that have significant unmet capital or financial services needs.

The response should include quantifiable details on the Applicant’s planned approach to expanding or
maintaining significant levels of lending or investment in these communities related to current/projected types
of lending and investment (e.g., small business loans, loans to consumers), current/projected types of projects
that will be funded (e.g., housing), and the community needs that projected lending or investment activities
would serve.

Please upload the files or drop the files.

Question 4: Community Outreach and Communication.

Please provide a detailed plan describing how the Applicant will engage in community outreach and
communication in communities and with borrowers as identified in the Act, specifically including small
businesses, Minority-owned businesses, and consumers, especially in low-income and underserved
communities, including persistent poverty counties and limited English proficient populations, that may be
disproportionately impacted by the economic effects of the COVID–19 pandemic. The Applicant’s plan for
community outreach and communication may be provided or described through a community benefits
agreement between the Applicant and organizations, trade associations, and individuals that represent or work
within Minority or LMI communities.

The response should include quantitative details on how particular aspects and features of the Applicant’s
planned community outreach and communication approach (e.g., advertisements to be purchased, sales
personnel hired) may help the Applicant achieve the projected FY 2023-2024 lending and/or investment activity
amounts set forth in response to Question 1(a).

Please upload the files or drop the files.

Lastly, please click the “Save this page” button near the bottom right side of the page.

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14. Certification & Submission
The Chief Executive Officer and Chief Financial Officer or authorized representative performing similar function
must certify and submit the application.

Please upload the files or drop the files for additional information not provided elsewhere in this application in
support of its Emergency Investment Lending Plan, including the Applicant’s most recent fiscal year-end audited
financial statement (or explanation why an audit will not be provided). The Applicant hereby verifies the
accuracy of this information.

Please upload the files or drop the files for the Incumbency Certificate.

The Chief Executive Officer and Chief Financial Officer or authorized representative must certify in good faith to
the message on the page by reading and signing. Each individual must sign to certify and save.

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When both signatures are saved, please select the submit button.

Contact the ECIP Team with any questions or concerns at ecip@treasury.gov.
Resources on the ECIP Application are available on the ECIP webpage: ECIP webpage link

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Our copy: TREAS-Second-Round-User-Guide-for-Application-Submission.pdf
Original: home.treasury.gov