Federal Deposit Insurance Corporation (FDIC).
Notice of information collection to be submitted to OMB for review and approval under the Paperwork Reduction Act.
In accordance with requirements of the Paperwork Reduction Act of 1995 (“PRA”), 44 U.S.C. 3501 et seq., the FDIC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The FDIC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on the renewal of existing information collections, as required by the PRA. On April 28, 2011 (76 FR 23814), the FDIC solicited public comment for a 60-day period on renewal of the following information collections: Recordkeeping and Disclosure Requirements in Connection with Regulation M—Consumer Leasing (3064-0083); Recordkeeping and Disclosure Requirements in Connection with Regulation B—Equal Credit Opportunity (3064-0085). No comments were received. Therefore, the FDIC hereby gives notice of submission of its requests for renewal to OMB for review.
Comments must be submitted on or before August 26, 2011.Start Printed Page 44914
Interested parties are invited to submit written comments to the FDIC by any of the following methods:
- E-mail: firstname.lastname@example.org. Include the name of the collection in the subject line of the message.
- Mail: Leneta G. Gregorie (202-898-3719), Counsel, Room F-1084, Federal Deposit Insurance Corporation, 550 17th Street, NW., Washington, DC 20429.
- Hand Delivery: Comments may be hand-delivered to the guard station at the rear of the 17th Street Building (located on F Street), on business days between 7 a.m. and 5 p.m.
All comments should refer to the relevant OMB control number. A copy of the comments may also be submitted to the OMB desk officer for the FDIC: Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Washington, DC 20503.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Leneta G. Gregorie, at the FDIC address above.End Further Info End Preamble Start Supplemental Information
Proposal to renew the following currently approved collections of information:
1. Title: Recordkeeping and Disclosure Requirements in Connection with Regulation M (Consumer Leasing).
OMB Number: 3064-0083.
Frequency of Response: On occasion.
Affected Public: State nonmember banks engaging in consumer leasing.
Estimated Number of Respondents: 2000.
Estimated Time per Response: 0.75 hours ongoing; one-time systems update—40 hours.
Total Annual Burden: 166,000 ongoing; 80,000 hours one-time update.
General Description of Collection: Regulation M (12 CFR 213), issued by the Board of Governors of the Federal Reserve System, implements the consumer leasing provisions of the Truth in Lending Act.
2. Title: Recordkeeping and Disclosure Requirements in Connection with Regulation B (Equal Credit Opportunity).
OMB Number: 3064-0085.
Frequency of Response: On occasion.
Affected Public: State nonmember banks engaging in credit transactions.
Estimated Number of Respondents: 4,380
Estimated Time per Response: notice of action—2.5 minutes; credit reporting—2 minutes; data monitoring—0.5 minutes; appraisal report—5 minutes; notice of right to appraisal—0.25 minutes; test recordkeeping—2 hours; corrective action recordkeeping—8 hours; self-test disclosure—1 minute.
Total Annual Burden: 599,924.
General Description of Collection: Regulation B (12 CFR 202), issued by the Board of Governors of the Federal Reserve System, prohibits creditors from discriminating against applicants on any of the bases specified by the Equal Credit Opportunity Act, establishes guidelines for gathering and evaluating credit information, and requires creditors to give applicants a written notification of rejection of an application.
Request for Comment
Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the FDIC's functions, including whether the information has practical utility; (b) the accuracy of the estimates of the burden of the 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; and (d) ways to minimize the burden of the information collection on respondents, including through the use of automated collection techniques or other forms of information technology. All comments will become a matter of public record.Start Signature
Dated at Washington, DC, this 22nd day of July 2011.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
[FR Doc. 2011-19002 Filed 7-26-11; 8:45 am]
BILLING CODE 6714-01-P