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:
7100-0299
ICR Reference No:
201601-7100-002
Status:
Historical Active
Previous ICR Reference No:
201212-7100-010
Agency/Subagency:
FRS
Agency Tracking No:
Reg G
Title:
Reporting and Disclosure Requirements of the Community Reinvestment Act-Related Agreements (Regulation G)
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:
01/28/2016
Retrieve Notice of Action (NOA)
Date Received in OIRA:
01/28/2016
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
01/31/2019
36 Months From Approved
01/31/2016
Responses
54
0
51
Time Burden (Hours)
78
0
78
Cost Burden (Dollars)
0
0
0
Abstract:
Regulation G implements provisions of the Gramm-Leach-Bliley Act (GLBA) that require reporting and public disclosure of written agreements between (1) insured depository institutions (IDIs) or their affiliates and (2) nongovernmental entities or persons (NGEPs), that are made in connection with the fulfillment of Community Reinvestment Act of 1977 (CRA) requirements. The GLBA requires both IDIs and NGEPs to make a copy of any CRA-Related agreement available upon request, and file an annual report with each relevant supervisory agency regarding the use of funds under such agreement for that fiscal year. In addition, an IDI and affiliate must provide to the relevant supervisory agency each calendar quarter a list of all CRA-related agreements entered into during the quarter with a copy of the agreement.
Authorizing Statute(s):
US Code:
12 USC 1831y
Name of Law: Federal Deposit Insurance 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 57374
09/23/2015
30-day Notice:
Federal Register Citation:
Citation Date:
80 FR 76490
12/09/2015
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
9
IC Title
Form No.
Form Name
Disclosure burden for IDI and affiliates - Agreements relating to activities of CRA affiliates (Section 207.4(b))
Disclosure burden for IDI and affiliates - Covered agreements to public (Section 207.6(b)(1))
Disclosure burden for NGEP - Covered agreements to public (Section 207.6(b)(1))
IDI & Affiliate - Reporting to Agencies of CRA-Related Agreements
IDI & Affiliates - Annual Reporting of CRA-Related Agreements
NGEP - Annual Report of CRA-Related Agreements
NGEP - Disclosure of CRA-Related Agreements
NGEP - Filing Annual Report of CRA-Related Agreements
NGEP - Reporting of CRA related Agreements
Reporting burden for IDI and affiliates - Copy of agreements to agency (Section 207.6(d)(1)(i))
Reporting burden for IDI and affiliates - Filing NGEP annual report (Section 207.7(f)(2)(ii))
Reporting burden for IDI and affiliates - List of agreements to agency (Section 207.6(d)(1)(ii))
Reporting burden for IDI and affilitates - Annual Report (Section 207.7(b))
Reporting burden for NGEP - Annual Report (Section 207.7(b))
Reporting burden for NGEP - Copy of agreements to agency (Section 207.6(c)(1))
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
54
51
0
0
3
0
Annual Time Burden (Hours)
78
78
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:
$0
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:
01/28/2016
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