2024-01644. Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
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AGENCY:
Board of Governors of the Federal Reserve System.
SUMMARY:
The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Recordkeeping Requirements Associated with Regulation H (Real Estate Lending Standards Regulation for State Member Banks) (FR H–5; OMB No. 7100–0261).
Start Further InfoFOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, nuha.elmaghrabi@frb.gov, (202) 452–3884.
Office of Management and Budget (OMB) Desk Officer for the Federal Reserve Board, Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, 725 17th Street NW, Washington, DC 20503, or by fax to (202) 395–6974.
End Further Info End Preamble Start Supplemental InformationSUPPLEMENTARY INFORMATION:
On June 15, 1984, OMB delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve and assign OMB control numbers to collections of information conducted or sponsored by the Board. Board-approved collections of information are incorporated into the official OMB inventory of currently approved collections of information. The OMB inventory, as well as copies of the PRA Submission, supporting statements (which contain more detailed information about the information collections and burden estimates than this notice), and approved collection of information instrument(s) are available at https://www.reginfo.gov/public/do/PRAMain. These documents are also available on the Federal Reserve Board's public website at https://www.federalreserve.gov/apps/reportingforms/home/review or may be requested from the agency clearance officer, whose name appears above.
Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection
Collection title: Recordkeeping Requirements Associated with Regulation H (Real Estate Lending Standards Regulation for State Member Banks).
Collection identifier: FR H–5.
OMB control number: 7100–0261.
General description of collection: This information collection includes a recordkeeping requirement associated with Regulation H—Membership of State Banking Institutions in the Federal Reserve System (12 CFR part 208) that implements section 304 of the Federal Deposit Insurance Corporation Improvement Act of 1991. Pursuant to Regulation H, state member banks must adopt and maintain written real estate lending policies. Additionally, this information collection includes voluntary recordkeeping provisions in the Interagency Guidelines for Real Estate Lending Policies.
Frequency: On-going.
Respondents: State member banks.
Total estimated number of respondents: 701.
Total estimated annual burden hours: 17,545.[1]
Current actions: On July 19, 2023, the Board published a notice in the Federal Register (88 FR 46164) requesting public comment for 60 days on the extension, without revision, of the FR H–5. The comment period for this notice expired on September 18, 2023. The Board did not receive any comments relevant to this collection or to the PRA.
Start SignatureBoard of Governors of the Federal Reserve System, January 23, 2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
Footnotes
1. More detailed information regarding this collection, including more detailed burden estimates, can be found in the OMB Supporting Statement posted at https://www.federalreserve.gov/apps/reportingforms/home/review. On the page displayed at the link, you can find the OMB Supporting Statement by referencing the collection identifier, FR H–5.
Back to Citation[FR Doc. 2024–01644 Filed 1–26–24; 8:45 am]
BILLING CODE 6210–01–P
Document Information
- Published:
- 01/29/2024
- Department:
- Federal Reserve System
- Entry Type:
- Notice
- Action:
- On July 19, 2023, the Board published a notice in the Federal Register (88 FR 46164) requesting public comment for 60 days on the extension, without revision, of the FR H-5. The comment period for this notice expired on September 18, 2023. The Board did not receive any comments relevant to this collection or to the PRA.
- Document Number:
- 2024-01644
- Pages:
- 5540-5540 (1 pages)
- PDF File:
- 2024-01644.pdf