[Federal Register Volume 82, Number 186 (Wednesday, September 27, 2017)]
[Notices]
[Pages 45025-45026]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-20604]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice, request for comment.

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SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
invites comment on a proposal to extend for three years, without 
revision, the mandatory Recordkeeping Requirements Associated with the 
Real Estate Lending Standards Regulation for State Member Banks (Reg H-
5; OMB No. 7100-0261).
    On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board authority under the Paperwork Reduction Act 
(PRA) to approve and assign OMB control numbers to collection of 
information requests and requirements conducted or sponsored by the 
Board. In exercising this delegated authority, the Board is directed to 
take every reasonable step to solicit comment. In determining whether 
to approve a collection of information, the Board will consider all 
comments received from the public and other agencies.

DATES: Comments must be submitted on or before November 27, 2017.

ADDRESSES: You may submit comments, identified by Reg H-5, by any of 
the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include OMB 
number in the subject line of the message.
     Fax: (202) 452-3819 or (202) 452-3102.
     Mail: Ann E. Misback, Secretary, Board of Governors of the 
Federal Reserve System, 20th Street and Constitution Avenue NW., 
Washington, DC 20551.

[[Page 45026]]

    All public comments are available from the Board's Web site at 
http://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, 
unless modified for technical reasons. Accordingly, your comments will 
not be edited to remove any identifying or contact information. Public 
comments may also be viewed electronically or in paper form in Room 
3515, 1801 K Street (between 18th and 19th Streets NW.) Washington, DC 
20006 between 9:00 a.m. and 5:00 p.m. on weekdays.
    Additionally, commenters may send a copy of their comments to the 
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 or by 
fax to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission, 
including the proposed reporting form and instructions, supporting 
statement, and other documentation will be placed into OMB's public 
docket files, once approved. These documents will also be made 
available on the Federal Reserve Board's public Web site at: http://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested 
from the agency clearance officer, whose name appears below.
    Federal Reserve Board Clearance Officer--Nuha Elmaghrabi--Office of 
the Chief Data Officer, 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.

SUPPLEMENTARY INFORMATION:

Request for Comment on Information Collection Proposal

    The Board invites public comment on the following information 
collection, which is being reviewed under authority delegated by the 
OMB under the PRA. Comments are invited on the following:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the Federal Reserve's functions; including 
whether the information has practical utility;
    b. The accuracy of the Federal Reserve's estimate of the burden of 
the proposed information collection, including the validity of the 
methodology and assumptions used;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of information 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.
    At the end of the comment period, the comments and recommendations 
received will be analyzed to determine the extent to which the Federal 
Reserve should modify the proposal prior to giving final approval.

Proposal to Approve Under OMB Delegated Authority 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: Policy statement, annually; policy statement (de novo), 
annually; recordkeeping for loans with LTV's that exceed supervisory 
limits and maintaining a system of review, quarterly.
    Respondents: State member banks.
    Estimated number of respondents: 829.
    Estimated average hours per response: Policy statement, 5 hours; 
policy statement (de novo), 20 hours; recordkeeping for loans with 
LTV's that exceed supervisory limits and maintaining a system of 
review, 5 hours.
    Estimated annual burden hours: Policy statement, 4,145 hours; 
policy statement (de novo), 20 hours; recordkeeping for loans with 
LTV's that exceed supervisory limits and maintaining a system of 
review, 16,580 hours.
    General Description of Report: State member banks must adopt and 
maintain a written real estate lending policy that is reviewed and 
approved by the bank's board of directors at least annually. Also, 
these banks must identify in their loan records loans in excess of the 
Board's supervisory loan-to-value (LTV) limits.
    Legal authorization and confidentiality: The Board has determined 
that section 304 of FDICIA (12 U.S.C. 1828 (o)) authorizes the Federal 
Reserve to require the recordkeeping requirements associated with the 
Board's Regulation H (12 CFR 208.51). The obligation of state member 
banks to comply with the Reg H recordkeeping requirements is mandatory. 
Since the information is not collected by the Federal Reserve, no issue 
of confidentiality under the Freedom of Information Act (FOIA) normally 
arises. However, information gathered by the Federal Reserve during 
examinations of state member banks would be deemed exempt from FOIA 
disclosure by exemption 8 (5 U.S.C. 552(b)(8)). In addition, exemptions 
(b)(4) and (b)(6) of FOIA, (5 U.S.C. 552(b)(4) and (b)(6)) also may 
exempt from disclosure certain data (specifically, individual loans 
identified as in excess of supervisory LTV limits) collected in 
response to these requirements if gathered by the Federal Reserve, 
depending on the particular circumstances. These additional exemptions 
relate to confidential commercial and financial information and 
personal information, respectively. Applicability of these exemptions 
would be determined on a case-by-case basis.

    Board of Governors of the Federal Reserve System, September 21, 
2017.
Ann E. Misback
Secretary of the Board.
[FR Doc. 2017-20604 Filed 9-26-17; 8:45 am]
 BILLING CODE 6210-01-P