[Federal Register Volume 67, Number 190 (Tuesday, October 1, 2002)]
[Notices]
[Pages 61629-61630]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-24848]
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FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Announcement of Board
Approval Under Delegated Authority and Submission to OMB
ACTION: Notice.
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SUMMARY: Background. Notice is hereby given of the final approval of
proposed information collection by the Board of Governors of the
Federal Reserve System (Board) under OMB delegated authority, as per 5
CFR 1320.16 (OMB Regulations on Controlling Paperwork Burdens on the
Public). Board-approved collections of information are incorporated
into the official OMB inventory of currently approved collections of
information. Copies of the OMB 83-I's and supporting statements and
approved collection of information instrument(s) are placed into OMB's
public docket files. The Federal Reserve may not conduct or sponsor,
and the respondent is not required to respond to, an information
collection that has been extended, revised, or implemented on or after
October 1, 1995, unless it displays a currently valid OMB control
number.
FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance
Officer--Cindy Ayouch--Division of Research and Statistics, Board of
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829); OMB Desk Officer--Joseph Lackey--Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 10235, Washington, DC 20503
SUPPLEMENTARY INFORMATION:
Final approval under OMB delegated authority of the extension for three
years, without revision, of the following report:
1. Report title: Recordkeeping, Reporting, and Disclosure
Requirements in Connection with Regulation BB (Community Reinvestment
Act)
Agency form number: N/A
OMB Control number: 7100-0197
Frequency: Annually
Reporters: State member banks
Annual reporting hours: 159,160 hours
Estimated average hours per response: Recordkeeping Requirement,
small business and small farm loan register, 219 hours. Optional
Recordkeeping Requirements, consumer loan data, 326 hours and other
loan data, 25 hours. Reporting Requirements, assessment area
delineation, 2 hours; small business and small farm loan data, 8 hours;
community development loan data, 13 hours; and HMDA out of MSA loan
data, 253 hours. Optional Reporting Requirements, data on lending by a
consortium or third party, 17 hours; affiliate lending data, 38 hours;
strategic plan, 275 hours; and request for designation as a wholesale
or limited purpose bank, 4 hours. Disclosure Requirement, public file,
10 hours.
Number of respondents: 976
Small businesses are not affected.
General description of report: This information collection is
mandatory (12 U.S.C. Sec. Sec. 248 (1) and 12 U.S.C. 2905 et seq.) and
generally, the data that are reported to the Board are not considered
onfidential.
Abstract: On May 30, 2002, the Office of the Comptroller of the
Currency (OCC), Board of Governors of the Federal Reserve (Board),
Federal Deposit Insurance Corporation (FDIC), and Office of Thrift
Supervision (OTS) published a joint request for comment on the proposed
extension, without change, for OMB approval of the information
collections contained in the CRA regulations (67 FR 37915). Pursuant to
5 CFR 1320.16 this is a final notice announcing the Board's approval of
the information collection. The Board is publishing a separate final
notice but this notice is substantively similar to the notice to be
published by the other Agencies.
The Board did not receive any comments. However, the FDIC and OTS
each received an identical comment from an academic. This commenter did
not object to the proposed extension of OMB approval of the information
collections contained in the CRA regulations. The commenter recommended
that the Agencies (1) continue all existing data collection and
reporting requirements; (2) maintain current public file requirements;
and (3) do not consider or require any race data under CRA. Since these
recommendations are not contrary to the proposed extension of OMB
approval of the CRA information collections, the Agencies have not made
any changes from the proposal in response to this comment.
[[Page 61630]]
Board of Governors of the Federal Reserve System, September 25,
2002.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 02-24848 Filed 9-30-02; 8:45 am]
BILLING CODE 6210-01-S
