[Federal Register Volume 76, Number 196 (Tuesday, October 11, 2011)]
[Notices]
[Pages 62806-62807]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-26085]


=======================================================================
-----------------------------------------------------------------------

FEDERAL RESERVE SYSTEM


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

AGENCY: Board of Governors of the Federal Reserve System, Federal 
Reserve System.
SUMMARY: Notice is hereby given of the final approval of a proposed 
information collection 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--Cynthia Ayouch--Division of Research and Statistics, Board of 
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829). Telecommunications Device for the Deaf (TDD) users may contact 
(202-263-4869), Board of Governors of the Federal Reserve System, 
Washington, DC 20551.
    OMB Desk Officer--Shagufta Ahmed--Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10235, 725 17th Street, NW., Washington, DC 
20503.
    Final approval under OMB delegated authority of the extension for 
three years, without revision, of the following report:

[[Page 62807]]

    Report title: The Recordkeeping, Reporting and Disclosure 
Requirements in Connection with Regulation BB (Community Reinvestment 
Act (CRA)).
    Agency form number: Reg BB.
    OMB control number: 7100-0197.
    Frequency: Annually.
    Reporters: State member banks (SMBs).
    Annual reporting hours: 52,127 hours.
    Estimated average hours per response: Recordkeeping Requirement, 
small business and small farm loan register, 219 hours. Optional 
Recordkeeping Requirements, consumer loan data, 326 hours and other 
loan data, 25 hours. Reporting Requirements, assessment area 
delineation, 2 hours; small business and small farm loan data, 8 hours; 
community development loan data, 13 hours; and Home Mortgage Disclosure 
Act (HMDA) out of Metropolitan Statistical Areas (MSA) loan data, 253 
hours. Optional Reporting Requirements, data on lending by a consortium 
or third party, 17 hours; affiliate lending data, 38 hours; strategic 
plan, 275 hours; and request for designation as a wholesale or limited 
purpose bank, 4 hours. Disclosure Requirement, public file, 10 hours.
    Number of respondents: Recordkeeping Requirement, small business 
and small farm loan register, 72. Optional Recordkeeping Requirements, 
consumer loan data, 24 and other loan data, 4. Reporting Requirements, 
assessment area delineation, 72; small business and small farm loan 
data, 72; community development loan data, 72; and HMDA out of MSA loan 
data, 72. Optional Reporting Requirements, data on lending by a 
consortium or third party, 6; affiliate lending data, 4; strategic 
plan, 1; and request for designation as a wholesale or limited purpose 
bank, 1. Disclosure Requirement, public file, 803.
    General description of report: This information collection is 
authorized by section 806 of the CRA which permits the board to issue 
regulations to carry out the purpose of CRA (12 U.S.C. 2905), Section 
11 of the Federal Reserve Act (FRA), which permits the Board to require 
such statements as reports of SMBs as it deems necessary (12 U.S.C. 
248(a)(1)), and section 9 of the FRA, which permits the Board to 
examine SMBs (12 U.S.C. 325). The requirements are generally mandatory, 
depending on bank size and other factors. The data that are reported to 
the Federal Reserve are not considered confidential.
    Abstract: This submission covers an extension of the Federal 
Reserve's currently approved information collections in their CRA 
regulations (12 CFR part 228). The submission involves no change to the 
regulation or to the information collection. The Federal Reserve System 
needs the information collected to fulfill their obligations under the 
CRA to evaluate and assign ratings to the performance of institutions 
in connection with helping to meet the credit needs of their 
communities, including low- and moderate-income neighborhoods, 
consistent with safe and sound banking practices. The Federal Reserve 
System uses the information in the examination process and in 
evaluating applications for mergers, branches, and certain other 
corporate activities. Financial institutions maintain and provide the 
information to the Federal Reserve System.
    Current Actions: On July 21, 2011, the Federal Reserve published a 
notice in the Federal Register (76 FR 43686) requesting public comment 
for 60 days on the extension, without revision, of the recordkeeping, 
reporting and disclosure requirements in connection with Regulation BB. 
The comment period for this notice expired on September 19, 2011. The 
Federal Reserve did not receive any comments.


    Board of Governors of the Federal Reserve System, October 4, 
2011.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2011-26085 Filed 10-7-11; 8:45 am]
BILLING CODE 6210-01-P