View Information Collection Request (ICR) Package
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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
7100-0197
ICR Reference No:
201504-7100-004
Status:
Historical Active
Previous ICR Reference No:
201412-7100-011
Agency/Subagency:
FRS
Agency Tracking No:
Reg BB
Title:
Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation BB (Community Reinvestment Act)
Type of Information Collection:
Extension without change of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Delegated
OIRA Conclusion Action:
Approved without change
Conclusion Date:
04/30/2015
Retrieve Notice of Action (NOA)
Date Received in OIRA:
04/30/2015
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
04/30/2018
36 Months From Approved
04/30/2015
Responses
1,279
0
1,279
Time Burden (Hours)
50,279
0
50,279
Cost Burden (Dollars)
0
0
0
Abstract:
The Community Reinvestment Act (CRA) was enacted in 1977 and is implemented by Regulation BB. The CRA directs the federal banking agencies to evaluate financial institutions' records of helping to meet the credit needs of their entire communities, including low- and moderate-income areas consistent with the safe and sound operation of the institutions. The CRA is implemented through regulations issued by the federal banking agencies.
Authorizing Statute(s):
US Code:
12 USC 2905
Name of Law: Community Reinvestment Act
US Code:
12 USC 248(a)(1) and 325
Name of Law: Federal Reserve Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
80 FR 4571
01/28/2015
30-day Notice:
Federal Register Citation:
Citation Date:
80 FR 22186
04/21/2015
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
12
IC Title
Form No.
Form Name
Affiliate lending data (Section 228.42(d))
Assessment area delineation (Sections 228.41 and 228.42(g))
Consumer loan data (Section 228.42(c))
Data on lending by a consortium or third party (Section 228.42(e))
Loan Data - Community development (Section 228.42(b))
Loan Data - HMDA out of MSA (Section 228.42(b))
Loan Data - Small business and small farm (Section 228.42(b))
Other loan data (Section 228.42(c))
Public file (Section 228.43 and 228.44)
Request for designation as a wholesale or limited purpose bank (Section 228.25(b))
Small business and small farm loan register (Section 228.42(a))
Strategic plan (Section 228.27)
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
1,279
1,279
0
0
0
0
Annual Time Burden (Hours)
50,279
50,279
0
0
0
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
Annual Cost to Federal Government:
$1,184,933
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Jennifer Williams 202 452-2446 jennifer.l.williams@frb.gov
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
04/30/2015
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