[Federal Register Volume 73, Number 36 (Friday, February 22, 2008)]
[Notices]
[Pages 9805-9806]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-3293]


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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 Paperwork Reduction Act Submission, 
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--Michelle Shore--Division 
of Research and Statistics, Board of Governors of the Federal Reserve 
System, Washington, DC 20551 (202-452-3829).
    OMB Desk Officer--Alexander T. Hunt--Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10235, Washington, DC 20503.
    Final approval under OMB delegated authority of the extension for 
three years, with revision, of the following report:
    Report title: Application for Employment with the Board of 
Governors of the Federal Reserve System.
    Agency form number: FR 28, FR 28s, FR 28i.
    OMB Control number: 7100-0181.
    Frequency: On occasion.
    Reporters: Employment applicants.
    Annual reporting hours: 3,558 hours.
    Estimated average hours per response: FR 28: 1 hour; FR 28s: 1 
minute; FR 28i: 5 minutes.
    Number of respondents: FR 28: 3,500; FR 28s: 2,000; FR 28i: 300.
    General description of report: This information collection is 
required to obtain a benefit (sections 10(4) and 11(1) of the Federal 
Reserve Act (12 U.S.C. 244 and 248(1)). Information provided will be 
kept confidential under exemption (b)(6) of the Freedom of Information 
Act (FOIA) to the extent that the disclosure of information ``would 
constitute a clearly unwarranted invasion of personal privacy.'' 5 
U.S.C. 552(b)(6).
    Abstract: The Application collects information to determine the 
qualifications and availability of applicants for employment with the 
Board. The Application collections information on education and 
training, employment record, military service record, and other 
information since the time the applicant left high school.
    Current Actions: On December 10, 2007, the Federal Reserve 
published a notice in the Federal Register (72 FR 69688) requesting 
public comment for 60 days on the extension, with revision, of the FR 
28, FR 28s, and FR 28i. The comment period for this notice expired on 
February 8, 2008. The Federal Reserve did not receive any comments.
    Final approval under OMB delegated authority of the extension for 
three years, without revision, of the following report:
    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: 17,960 hours.
    Estimated average hours per response: Aggregate report: 5 hours; 
Policy statement: 20 hours.
    Number of respondents: Aggregate report: 888; Policy statement: 10.
    General description of report: This information collection is 
mandatory (12 U.S.C. 1828(o)) and is not given confidential treatment. 
However, information gathered by the Federal Reserve during 
examinations of state member banks would be deemed exempt from Freedom 
of Information Act (FOIA) disclosure by exemption 8 of FOIA. 5 U.S.C. 
552(b)(8).
    Abstract: State member banks must adopt and maintain a written real 
estate lending policy. Also, banks must identify their loans in excess 
of the

[[Page 9806]]

supervisory loan-to-value limits and report (at least quarterly) the 
aggregate amount of the loans to the bank's board of directors.
    Current Actions: On December 10, 2007, the Federal Reserve 
published a notice in the Federal Register (72 FR 69688) requesting 
public comment for 60 days on the extension, without revision, of the 
recordkeeping requirements associated with the real estate lending 
standards regulation for state member banks. The comment period for 
this notice expired on February 8, 2008. The Federal Reserve did not 
receive any comments.

    Board of Governors of the Federal Reserve System, February 14, 
2008.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E8-3293 Filed 2-21-08; 8:45 am]
BILLING CODE 6210-01-P