[Federal Register Volume 70, Number 161 (Monday, August 22, 2005)]
[Rules and Regulations]
[Page 48842]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-16459]


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FEDERAL RESERVE SYSTEM

12 CFR Part 229

[Regulation BB; Docket No. R-1225]


Community Reinvestment Act; Correction

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Final rule; correction.

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SUMMARY: The Board of Governors is correcting the Paperwork Reduction 
Act information that it provided in connection with a final rule 
amending certain provisions of Regulation BB, which was published in 
the Federal Register of August 2, 2005.

DATES: The final rule is effective on September 1, 2005.

FOR FURTHER INFORMATION CONTACT: Michelle E. Long, Federal Reserve 
Board Clearance Officer, 202-452-3829, Division of Research and 
Statistics. For users of Telecommunications Device for the Deaf (TDD) 
only, contact 202-263-4869.

SUPPLEMENTARY INFORMATION: The Board published a final rule in the 
Federal Register of August 2, 2005 (70 FR 44256), that amended certain 
provisions of Regulation BB, effective September 1, 2005. The Paperwork 
Reduction Act section for this final rule included detailed information 
about the paperwork burden estimate for State Member Banks that are 
required to comply with the regulation. Inadvertently, the Board 
omitted from this Paperwork Reduction Act calculation the burden hours 
for a couple of optional requirements. This document corrects the error 
by revising the burden estimate on page 44265, in the second column, as 
follows:
    Board:
    Number of Respondents: 914.
    Estimated Time per Response: Small business and small farm loan 
register, 219 hours; consumer loan data, 326 hours; other loan data, 25 
hours; assessment area delineation, 2 hours; small business and small 
farm loan data, 8 hours; community development loan data, 13 hours; 
HMDA out-of-MSA loan data, 253 hours; data on lending by a consortium 
or third party, 17 hours; affiliated lending data, 38 hours; request 
for designation as a wholesale or limited purpose bank, 4 hours; and 
public file, 10 hours.
    Total Estimated Annual Burden: 131,662 hours.

    By order of the Board of Governors of the Federal Reserve 
System, August 15, 2005.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 05-16459 Filed 8-19-05; 8:45 am]
BILLING CODE 6210-01-P