[Federal Register Volume 64, Number 67 (Thursday, April 8, 1999)]
[Notices]
[Pages 17217-17218]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-8785]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Information Collection; Submission for OMB Review; Comment 
Request

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Submission for OMB review; comment request.

-----------------------------------------------------------------------

SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on a continuing 
information collection, as required by the Paperwork Reduction Act of 
1995. The OCC may not conduct or sponsor, and a respondent is not 
required to respond to, an information collection that has been 
extended, revised, or implemented unless it displays a currently valid 
Office of Management and Budget (OMB) control number. Currently, the 
OCC is soliciting comments concerning extension of an information 
collection titled Fair Housing Home Loan Data System Regulation (12 CFR 
27). The OCC also gives notice that it has sent the information 
collection to OMB for review.

DATES: Comments are due by: May 10, 1999.

ADDRESSES: Your comments regarding this information collection are 
welcome. You should send your written comments to the OMB Reviewer and 
to the OCC's Communications Division, Attention: 1557-0159, Third 
Floor, Office of the Comptroller of the Currency, 250 E Street, SW, 
Washington, DC 20219. Also, you can send your comments by facsimile 
transmission to (202) 874-5274, or by electronic mail to 
[email protected].
    You can inspect and photocopy the comments at the OCC's Public 
Reference Room, between 9:00 a.m. and 5:00 p.m. on business days. You 
can make an appointment to inspect the comments by calling (202) 874-
5043.

FOR FURTHER INFORMATION CONTACT: You can request additional 
information, a copy of the collection, or a copy of OCC's submission to 
OMB by contacting Jessie Gates or Camille Dixon, (202) 874-5090, 
Legislative and Regulatory Activities Division (1557-0159), Office of 
the Comptroller of the Currency, 250 E Street, SW, Washington, DC 
20219.

SUPPLEMENTARY INFORMATION:
    Title: Fair Housing Home Loan Data System Regulation (12 CFR 27).
    OMB Number: 1557-0159.
    Form Number: None.
    Abstract: This submission covers an existing regulation and 
involves no change to the regulation or to the information collections 
embodied in the regulation. The OCC requests only that OMB renew its 
approval of the information collections in the current regulation. This 
regulation requires national banks to maintain records and to make 
occasional filings to the OCC, upon the OCC's request, regarding home 
loans and certain other real estate loans.
    The Fair Housing Act (42 U.S.C. 3605) prohibits discrimination in 
the financing of housing on the basis of race, color, religion, sex, or 
national origin. The Equal Credit Opportunity Act (15 U.S.C. 1691 et 
seq.) prohibits discrimination in any aspect of a credit transaction on 
the basis of race, color,

[[Page 17218]]

religion, national origin, sex, marital status, age, receipt of income 
from public assistance, or exercise of any right under the Consumer 
Credit Protection Act. The OCC is responsible for ensuring that 
national banks comply with those laws. This information collection is 
needed to promote national bank compliance and for OCC to fulfill its 
statutory responsibilities.
    This submission covers all of the information collections contained 
in 12 CFR Part 27. The following sections of regulations in Part 27 
produce reportable burden:
    Section 27.3 requires a national bank that is required to collect 
data on home loans under 12 CFR Part 203 to present the data on Federal 
Reserve Form FR HMDA-LAR, or in an automated format in accordance with 
the HMDA-LAR instructions, and to include one additional item (the 
reason for denial) on the HMDA-LAR. Section 27.3 also lists exceptions 
to HMDA-LAR recordkeeping requirements. Section 27.3 further lists the 
information that banks should obtain from an applicant as part of a 
home loan application, and states information that a bank must disclose 
to an applicant;
    Section 27.5 requires a national bank to maintain the information 
for 25 months after the bank notifies the applicant of action taken on 
an application, or after withdrawal of an application; and
    Section 27.7 requires that a bank submit the information to the OCC 
upon its request, prior to a scheduled examination.
    These information collection requirements ensure bank compliance 
with applicable Federal law, further bank safety and soundness, provide 
protections for banks and the public, and further public policy 
interests.
    Type of Review: Extension, without change, of a currently approved 
collection.
    Affected Public: Businesses or other for-profit.
    Number of Respondents: 2,400.
    Total Annual Responses: 2,400.
    Frequency of Response: On occasion.
    Total Annual Burden: 4,369 Hours.
    OCC Contact: Jessie Gates or Camille Dixon, (202)874-5090, 
Legislative and Regulatory Activities Division, OMB No. 1557-0159, 
Office of the Comptroller of the Currency, 250 E Street SW, Washington, 
DC 20219.
    OMB Reviewer: Alexander Hunt, (202)395-7340, Paperwork Reduction 
Project 1557-0159, Office of Management and Budget, Room 10226, New 
Executive Office Building, Washington, DC 20503.

Comments

    Comments are invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information shall have practical utility;
    (b) The accuracy of the agency's estimate of the burden of the 
collection of information;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection on respondents, 
including through the use of automated collection techniques or other 
forms of information technology; and
    (e) Estimates of capital or startup costs and costs of operation, 
maintenance, and purchase of services to provide information.
    Additionally, the OCC requests comment on the impact of this 
information collection on community banks. The OCC recognizes that 
community banks operate with more limited resources than larger 
institutions and may present a different risk profile. Thus, the OCC 
specifically requests comments on the impact of this information 
collection on community banks' current resources and available 
personnel with the requisite expertise, and whether the goals of Part 
27 could be achieved, for community banks, through an alternative 
approach.

    Dated: April 1, 1999.
Mark Tenhundfeld,
Assistant Director, Legislative & Regulatory Activities Division.
[FR Doc. 99-8785 Filed 4-7-99; 8:45 am]
BILLING CODE 4810-33-P