View Information Collection Request (ICR) Package
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Burden
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Common Form Info.
Certification
View Information Collection (IC) List
View Supporting Statement and Other Documents
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:
201804-7100-006
Status:
Historical Active
Previous ICR Reference No:
201711-7100-008
Agency/Subagency:
FRS
Agency Tracking No:
FR BB
Title:
Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation BB
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Delegated
OIRA Conclusion Action:
Approved without change
Conclusion Date:
04/27/2018
Retrieve Notice of Action (NOA)
Date Received in OIRA:
04/27/2018
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
04/30/2021
36 Months From Approved
04/30/2018
Responses
1,346
0
1,346
Time Burden (Hours)
61,727
0
61,727
Cost Burden (Dollars)
0
0
0
Abstract:
The Community Reinvestment Act (CRA) was enacted in 1977 and is implemented by Regulation BB - Community Reinvestment (12 CFR 228). The CRA directs the Board, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) (collectively, the 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 agencies with responsibility for CRA rulemaking.
Authorizing Statute(s):
US Code:
12 USC 2905
Name of Law: Community Reinvestment Act
US Code:
12 USC 248(a)(1)
Name of Law: Federal Reserve Act
US Code:
12 USC 325
Name of Law: Federal Reserve Act
Citations for New Statutory Requirements:
US Code: 12 USC 2901 et seq. Name of Law: Community Reinvestment Act
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
7100-AE84
Final or interim final rulemaking
82 FR 55734
11/24/2017
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
82 FR 43910
09/20/2017
30-day Notice:
Federal Register Citation:
Citation Date:
82 FR 55734
11/24/2017
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
Disclosure Sections 228.43 and 228.44 Public file
Optional Recordkeeping Section 228.42(c) Consumer loan data
Optional Recordkeeping Section 228.42(c) Other loan data
Optional Reporting Section 228.25(b) Request for designation as a wholesale or limited purpose bank
Optional Reporting Section 228.27 Request for strategic plan approval
Optional Reporting Section 228.42(d) Affiliate lending data
Optional Reporting Section 228.42(e) Data on lending by a consortium or third party
Recordkeeping Section 228.42(a) Small business and small farm loan register
Reporting Section 228.42(b) Loan data Community development
Reporting Section 228.42(b) Loan data HMDA out of MSA
Reporting Section 228.42(b) Loan data Small business and small farm
Reporting Sections 228.41 and 228.42(g) Assessment area delineation
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
1,346
1,346
0
0
0
0
Annual Time Burden (Hours)
61,727
61,727
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:
$1,036,235
Does this IC contain surveys, censuses, or employ statistical methods?
No
Does this ICR request any personally identifiable information (see
OMB Circular No. A-130
for an explanation of this term)? Please consult with your agency's privacy program when making this determination.
No
Does this ICR include a form that requires a Privacy Act Statement (see
5 U.S.C. §552a(e)(3)
)? Please consult with your agency's privacy program when making this determination.
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:
04/27/2018
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