[Federal Register Volume 67, Number 129 (Friday, July 5, 2002)]
[Notices]
[Pages 44845-44846]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-16661]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

SUMMARY:

Background

    Notice is hereby given of the final approval of proposed 
information collections 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-Is 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--Mary M. West--Division of Research and Statistics, Board of 
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829); OMB Desk Officer-Joseph F. Lackey, Jr.--Office of Information 
and Regulatory Affairs, Office of Management and Budget, New

[[Page 44846]]

Executive Office Building, Room 10235, Washington, DC 20503 (202-395-
7316).

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, Without Revision, of the Following Reports:

    1. Report title: Recordkeeping Requirements Associated with the 
Real Estate Lending Standards Regulation for State Member Banks
    Agency form number: Reg H-5
    OMB Control number: 7100-0261
    Frequency: Aggregate report, quarterly; policy statement, annually
    Reporters: State member banks
    Annual reporting hours: 21,060 hours
    Estimated average hours per response: Aggregate report, 5 hours; 
policy statement, 20 hours
    Number of respondents: 976
    Small businesses are affected.
    General description of report: This information collection is 
mandatory (12 U.S.C. 1828(o)) and is not given confidential treatment.
    Abstract: State member banks must adopt and maintain a written real 
estate lending policy. Also, banks must identify their loans in excess 
of the supervisory loan-to-value limits and report (at least quarterly) 
the aggregate amount of the loans to the bank's board of directors.

    Board of Governors of the Federal Reserve System, June 27, 2002.
Jennifer J. Johnson
Secretary of the Board.
[FR Doc. 02-16661 Filed 7-3-02; 8:45 am]
BILLING CODE 6210-01-S