83 FR 31149 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
FEDERAL RESERVE SYSTEM Federal Register Volume 83, Issue 128 (July 3, 2018)
Federal Register Volume 83, Issue 128 (July 3, 2018)
| Page Range | 31149-31150 | |
| FR Document | 2018-14305 |
[Federal Register Volume 83, Number 128 (Tuesday, July 3, 2018)] [Notices] [Pages 31149-31150] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-14305] ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB 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, Recordkeeping and Disclosure Requirements Associated with Consumer Financial Protection Bureau's (CFPB) Regulation B (Equal Credit Opportunity Act) (FR B; OMB No. 7100-0201). FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer--Nuha Elmaghrabi--Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551 (202) 452-3829. Telecommunications Device for the Deaf (TDD) users may contact (202) 263-4869, Board of Governors of the Federal Reserve System, Washington, DC 20551. OMB Desk Officer--Shagufta Ahmed--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. SUPPLEMENTARY INFORMATION: On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve of and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board. Board-approved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the Paperwork Reduction Act Submission, supporting statements and approved collection of information instrument(s) are placed into OMB's public docket files. The Board 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. Final approval under OMB delegated authority of the extension for three years, without revision, of the following report: Report title: Recordkeeping and Disclosure Requirements Associated with Consumer Financial Protection Bureau's (CFPB) Regulation B (Equal Credit Opportunity Act). Agency form number: FR B. OMB control number: 7100-0201. Frequency: Monthly; annually. Respondents: State member banks; subsidiaries of state member banks; subsidiaries of bank holding companies; U.S. branches and agencies of foreign banks (other than federal branches, federal agencies, and insured state branches of foreign banks); commercial lending companies owned or controlled by foreign banks; and organizations operating under section 25 or 25A of the Federal Reserve Act (12 U.S.C. 601-604a; 611-631). Estimated number of respondents: Notifications, furnishing of credit information, record retention (applications, actions, and prescreened solicitations), information for monitoring purposes, and rules on providing appraisal reports (providing appraisal report), 958 respondents; Self-testing: Record retention--incentives, 92 respondents; Self-testing: Record retention--self-correction, 23 respondents; and Self-testing: Record retention--rules concerning requests for information (disclosure for optional self-test), 92 respondents. Estimated average hours per response: Notifications, 6 hours; Furnishing of credit information, 2.5 hours; Record retention (applications, actions, and prescreened solicitations), 8 hours; Information for monitoring purposes, 0.25 hours; Rules on providing appraisal reports (providing appraisal report), 3 hours; Self-testing: Record retention--incentives, 2 hours; Self-testing: Record retention-- self-correction, 8 hours; and Self-testing: Record retention--rules concerning requests for information (disclosure for optional self- test), 3.5 hours. Estimated annual burden hours: Notifications, 68,976 hours; Furnishing of credit information, 28,740 hours; Record retention (applications, actions, and prescreened solicitations), 7,664 hours; Information for monitoring purposes, 2,874 hours; Rules on providing appraisal reports (providing appraisal report), 34,488 hours; Self- testing: Record retention--incentives, 184 hours; Self-testing: Record retention--self-correction, 184 hours; and Self-testing: Record retention--rules concerning requests for information (disclosure for optional self-test), 3,864 hours. General description of report: The Equal Credit Opportunity Act (ECOA) was enacted in 1974 and is implemented by the CFPB's Regulation B for institutions the Board supervises.\1\ The ECOA prohibits discrimination in any aspect of a credit transaction because of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to contract), or other specified bases (receipt of public assistance, or the fact that the applicant has in good faith exercised any right under the Consumer Credit Protection Act (15 U.S.C. 1600 et seq.)). To aid in implementation of this prohibition, the statute and regulation subject creditors to various mandatory disclosure requirements, notification provisions informing applicants of action taken on the credit application, provision of appraisal reports in connection with mortgages, credit history reporting, monitoring rules, and recordkeeping requirements. These requirements are triggered by specific events and disclosures must be provided within the time periods established by the statute and regulation. --------------------------------------------------------------------------- \1\ 15 U.S.C. 1691. The CFPB's Regulation B is located at 12 CFR part 1002. --------------------------------------------------------------------------- Legal authorization and confidentiality: The CFPB is authorized to issue its Regulation B pursuant to its authority to prescribe regulations to carry out the purposes of ECOA (15 U.S.C. 1691b). The obligation to comply with the recordkeeping and disclosure [[Page 31150]] requirements of CFPB's Regulation B is mandatory. Because the recordkeeping and disclosure requirements of the CFPB's Regulation B require creditors to retain their own records and to make certain disclosures to customers, the Freedom of Information Act (FOIA) would only be implicated if the Board's examiners retained a copy of this information as part of an examination of a bank. Records obtained as a part of an examination or supervision of a bank are exempt from disclosure under FOIA exemption (b)(8), for examination material (5 U.S.C. 552(b)(8)). In addition, the records may also be exempt under FOIA exemption (b)(4) or (b)(6). Records would be exempt under (b)(4) if the records contained ``trade secrets and commercial or financial information obtained from a person [that is] privileged or confidential'' and the disclosure of the information is likely to cause substantial harm to the competitive position of the respondents (5 U.S.C. 552(b)(4)). Records would be exempt under (b)(6) if the records contained personal information, the disclosure of which would ``constitute a clearly unwarranted invasion of personal privacy'' (5 U.S.C. 552(b)(6)). Current actions: On April 13, 2018, the Board published a notice in the Federal Register (83 FR 16098) requesting public comment for 60 days on the extension, without revision, of the FR B. The comment period for this notice expired on June 12, 2018. The Board received one comment letter that addressed matter outside the scope of this proposal. Board of Governors of the Federal Reserve System, June 28, 2018. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2018-14305 Filed 7-2-18; 8:45 am] BILLING CODE 6210-01-P
![Federal Register / Vol. 83, No. 128 / Tuesday, July 3, 2018 / Notices 31149
assets and regulatory capital attributable Management and Budget, New credit information, 2.5 hours; Record
to the company’s ‘‘U.S. operations.’’ Executive Office Building, Room 10235, retention (applications, actions, and
Under Regulation XX, liabilities of a 725 17th Street NW, Washington, DC prescreened solicitations), 8 hours;
foreign banking organization’s U.S. 20503 or by fax to (202) 395–6974. Information for monitoring purposes,
operations are calculated using the risk- SUPPLEMENTARY INFORMATION: On June 0.25 hours; Rules on providing appraisal
weighted asset methodology for 15, 1984, the Office of Management and reports (providing appraisal report), 3
subsidiaries subject to risk-based capital Budget (OMB) delegated to the Board hours; Self-testing: Record retention—
rules, plus the assets of all branches, authority under the Paperwork incentives, 2 hours; Self-testing: Record
agencies, and nonbank subsidiaries, Reduction Act (PRA) to approve of and retention—self-correction, 8 hours; and
calculated in accordance with assign OMB control numbers to Self-testing: Record retention—rules
applicable accounting standards. collection of information requests and concerning requests for information
Liabilities attributable to the U.S. requirements conducted or sponsored (disclosure for optional self-test), 3.5
operations of a foreign financial by the Board. Board-approved hours.
company that is not a foreign banking collections of information are Estimated annual burden hours:
organization are calculated in a similar incorporated into the official OMB Notifications, 68,976 hours; Furnishing
manner to the method described for inventory of currently approved of credit information, 28,740 hours;
foreign banking organizations, but collections of information. Copies of the Record retention (applications, actions,
liabilities of a U.S. subsidiary not Paperwork Reduction Act Submission, and prescreened solicitations), 7,664
subject to risk-based capital rules are supporting statements and approved hours; Information for monitoring
calculated based on the U.S. collection of information instrument(s) purposes, 2,874 hours; Rules on
subsidiary’s liabilities under applicable are placed into OMB’s public docket providing appraisal reports (providing
accounting standards. The Federal files. The Board may not conduct or appraisal report), 34,488 hours; Self-
Reserve used information collected on sponsor, and the respondent is not testing: Record retention—incentives,
the Capital and Asset Report for Foreign required to respond to, an information 184 hours; Self-testing: Record
Banking Organizations (FR Y–7Q), the collection that has been extended, retention—self-correction, 184 hours;
FR Y–9C and the FR XX–1 to calculate revised, or implemented on or after and Self-testing: Record retention—rules
liabilities of these institutions. October 1, 1995, unless it displays a concerning requests for information
By order of the Board of Governors of the currently valid OMB control number. (disclosure for optional self-test), 3,864
Federal Reserve System, acting through the Final approval under OMB delegated hours.
Director of Supervision and Regulation under authority of the extension for three General description of report: The
delegated authority, June 27, 2018. years, without revision, of the following Equal Credit Opportunity Act (ECOA)
Ann Misback, report: was enacted in 1974 and is
Secretary of the Board. Report title: Recordkeeping and implemented by the CFPB’s Regulation
[FR Doc. 2018–14241 Filed 7–2–18; 8:45 am] Disclosure Requirements Associated B for institutions the Board supervises.1
with Consumer Financial Protection The ECOA prohibits discrimination in
BILLING CODE P
Bureau’s (CFPB) Regulation B (Equal any aspect of a credit transaction
Credit Opportunity Act). because of race, color, religion, national
FEDERAL RESERVE SYSTEM Agency form number: FR B. origin, sex, marital status, age (provided
OMB control number: 7100–0201. the applicant has the capacity to
Agency Information Collection Frequency: Monthly; annually. contract), or other specified bases
Activities: Announcement of Board Respondents: State member banks; (receipt of public assistance, or the fact
Approval Under Delegated Authority subsidiaries of state member banks; that the applicant has in good faith
and Submission to OMB subsidiaries of bank holding companies; exercised any right under the Consumer
U.S. branches and agencies of foreign Credit Protection Act (15 U.S.C. 1600 et
AGENCY: Board of Governors of the banks (other than federal branches, seq.)). To aid in implementation of this
Federal Reserve System. federal agencies, and insured state prohibition, the statute and regulation
SUMMARY: The Board of Governors of the branches of foreign banks); commercial subject creditors to various mandatory
Federal Reserve System (Board) is lending companies owned or controlled disclosure requirements, notification
adopting a proposal to extend for three by foreign banks; and organizations provisions informing applicants of
years, without revision, Recordkeeping operating under section 25 or 25A of the action taken on the credit application,
and Disclosure Requirements Federal Reserve Act (12 U.S.C. 601– provision of appraisal reports in
Associated with Consumer Financial 604a; 611–631). connection with mortgages, credit
Protection Bureau’s (CFPB) Regulation B Estimated number of respondents: history reporting, monitoring rules, and
(Equal Credit Opportunity Act) (FR B; Notifications, furnishing of credit recordkeeping requirements. These
OMB No. 7100–0201). information, record retention requirements are triggered by specific
FOR FURTHER INFORMATION CONTACT: (applications, actions, and prescreened events and disclosures must be
Federal Reserve Board Clearance solicitations), information for provided within the time periods
Officer—Nuha Elmaghrabi—Office of monitoring purposes, and rules on established by the statute and
the Chief Data Officer, Board of providing appraisal reports (providing regulation.
Governors of the Federal Reserve appraisal report), 958 respondents; Self- Legal authorization and
System, Washington, DC 20551 (202) testing: Record retention—incentives, 92 confidentiality: The CFPB is authorized
sradovich on DSK3GMQ082PROD with NOTICES
452–3829. Telecommunications Device respondents; Self-testing: Record to issue its Regulation B pursuant to its
for the Deaf (TDD) users may contact retention—self-correction, 23 authority to prescribe regulations to
(202) 263–4869, Board of Governors of respondents; and Self-testing: Record carry out the purposes of ECOA (15
the Federal Reserve System, retention—rules concerning requests for U.S.C. 1691b). The obligation to comply
Washington, DC 20551. information (disclosure for optional self- with the recordkeeping and disclosure
OMB Desk Officer—Shagufta test), 92 respondents.
Ahmed—Office of Information and Estimated average hours per response: 1 15 U.S.C. 1691. The CFPB’s Regulation B is
Regulatory Affairs, Office of Notifications, 6 hours; Furnishing of located at 12 CFR part 1002.
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![31150 Federal Register / Vol. 83, No. 128 / Tuesday, July 3, 2018 / Notices
requirements of CFPB’s Regulation B is SUMMARY: NIOSH announces the information collection for the proper
mandatory. Because the recordkeeping availability of the final National performance of the agency’s functions,
and disclosure requirements of the Occupational Research Agenda for the accuracy of the estimated burden,
CFPB’s Regulation B require creditors to Services. ways to enhance the quality, utility, and
retain their own records and to make DATES: The final document was clarity of the information to be
certain disclosures to customers, the published on June 26, 2018. collected, and the use of automated
Freedom of Information Act (FOIA) collection techniques or other forms of
ADDRESSES: The document may be
would only be implicated if the Board’s information technology to minimize the
examiners retained a copy of this obtained at the following link: https:// information collection burden.
information as part of an examination of www.cdc.gov/niosh/nora/sectors/serv/
DATES: Comments must be received by
a bank. Records obtained as a part of an agenda.html.
September 4, 2018.
examination or supervision of a bank FOR FURTHER INFORMATION CONTACT: ADDRESSES: When commenting, please
are exempt from disclosure under FOIA Emily Novicki, M.A., M.P.H, reference the document identifier or
exemption (b)(8), for examination (NORACoordinator@cdc.gov), National OMB control number. To be assured
material (5 U.S.C. 552(b)(8)). In Institute for Occupational Safety and consideration, comments and
addition, the records may also be Health, Centers for Disease Control and recommendations must be submitted in
exempt under FOIA exemption (b)(4) or Prevention, Mailstop E–20, 1600 Clifton any one of the following ways:
(b)(6). Records would be exempt under Road NE, Atlanta, GA 30329, phone 1. Electronically. You may send your
(b)(4) if the records contained ‘‘trade (404) 498–2581 (not a toll free number). comments electronically to http://
secrets and commercial or financial SUPPLEMENTARY INFORMATION: On www.regulations.gov. Follow the
information obtained from a person January 29, 2018, NIOSH published a instructions for ‘‘Comment or
[that is] privileged or confidential’’ and request for public review in the Federal Submission’’ or ‘‘More Search Options’’
the disclosure of the information is Register [83 FR 4058] of the draft to find the information collection
likely to cause substantial harm to the version of the National Occupational document(s) that are accepting
competitive position of the respondents Research Agenda for Services. All comments.
(5 U.S.C. 552(b)(4)). Records would be comments received were reviewed and 2. By regular mail. You may mail
exempt under (b)(6) if the records addressed where appropriate. written comments to the following
contained personal information, the address: CMS, Office of Strategic
disclosure of which would ‘‘constitute a John J. Howard,
Operations and Regulatory Affairs,
clearly unwarranted invasion of Director, National Institute for Occupational
Division of Regulations Development,
personal privacy’’ (5 U.S.C. 552(b)(6)). Safety and Health, Centers for Disease Control
and Prevention. Attention: Document Identifier/OMB
Current actions: On April 13, 2018, Control Number ___, Room C4–26–05,
the Board published a notice in the [FR Doc. 2018–14227 Filed 7–2–18; 8:45 am]
7500 Security Boulevard, Baltimore,
Federal Register (83 FR 16098) BILLING CODE 4163–19–P
Maryland 21244–1850.
requesting public comment for 60 days To obtain copies of a supporting
on the extension, without revision, of statement and any related forms for the
the FR B. The comment period for this DEPARTMENT OF HEALTH AND
HUMAN SERVICES proposed collection(s) summarized in
notice expired on June 12, 2018. The this notice, you may make your request
Board received one comment letter that Centers for Medicare & Medicaid using one of following:
addressed matter outside the scope of Services 1. Access CMS’ website address at
this proposal. https://www.cms.gov/Regulations-and-
[Document Identifier: CMS–10673] Guidance/Legislation/Paperwork
Board of Governors of the Federal Reserve
System, June 28, 2018. ReductionActof1995/PRA-Listing.html.
Agency Information Collection
Michele Taylor Fennell, 2. Email your request, including your
Activities: Proposed Collection;
Assistant Secretary of the Board. address, phone number, OMB number,
Comment Request
[FR Doc. 2018–14305 Filed 7–2–18; 8:45 am]
and CMS document identifier, to
AGENCY: Centers for Medicare & Paperwork@cms.hhs.gov.
BILLING CODE 6210–01–P
Medicaid Services. 3. Call the Reports Clearance Office at
ACTION: Notice. (410) 786–1326.
FOR FURTHER INFORMATION CONTACT:
DEPARTMENT OF HEALTH AND SUMMARY: The Centers for Medicare & William Parham at (410) 786–4669.
HUMAN SERVICES Medicaid Services (CMS) is announcing SUPPLEMENTARY INFORMATION:
Centers for Disease Control and an opportunity for the public to
comment on CMS’ intention to collect Contents
Prevention
information from the public. Under the This notice sets out a summary of the
[CDC–2018–0006; Docket Number NIOSH– Paperwork Reduction Act of 1995 (the use and burden associated with the
306] PRA), federal agencies are required to following information collections. More
publish notice in the Federal Register detailed information can be found in
Final National Occupational Research concerning each proposed collection of each collection’s supporting statement
Agenda for Services information (including each proposed and associated materials (see
extension or reinstatement of an existing
sradovich on DSK3GMQ082PROD with NOTICES
AGENCY: National Institute for ADDRESSES).
Occupational Safety and Health collection of information) and to allow
60 days for public comment on the CMS–10673 Medicare Advantage
(NIOSH) of the Centers for Disease Qualifying Payment Arrangement
Control and Prevention (CDC), proposed action. Interested persons are
invited to send comments regarding our Incentive (MAQI) Demonstration
Department of Health and Human
Services (HHS). burden estimates or any other aspect of Under the PRA (44 U.S.C. 3501–
this collection of information, including 3520), federal agencies must obtain
ACTION: Notice of availability.
the necessity and utility of the proposed approval from the Office of Management
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Document Created: 2018-07-02 23:56:06
Document Modified: 2018-07-02 23:56:06
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | On April 13, 2018, the Board published a notice in the Federal Register (83 FR 16098) requesting public comment for 60 days on the extension, without revision, of the FR B. The comment period for this notice expired on June 12, 2018. The Board received one | |
| Contact | Federal Reserve Board Clearance Officer--Nuha Elmaghrabi--Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551 (202) 452-3829. Telecommunications Device for the Deaf (TDD) users may contact (202) 263-4869, Board of Governors of the Federal Reserve System, Washington, DC 20551. | |
| FR Citation | 83 FR 31149 |
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