Document
Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
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 R...
SUPPLEMENTARY 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.[]
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.
Board of Governors of the Federal Reserve System, January 23, 2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.