Agency Information Collection Activities: Submission for OMB Review; Comment Request, 13002 [E8-4756]

Agencies

• FEDERAL DEPOSIT INSURANCE CORPORATION

[Federal Register Volume 73, Number 48 (Tuesday, March 11, 2008)]
[Notices]
[Page 13002]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-4756]



[[Page 13002]]

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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice of information collection to be submitted to OMB for 
review and approval under the Paperwork Reduction Act of 1995.

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SUMMARY: In accordance with requirements of the Paperwork Reduction Act 
of 1995 (44 U.S.C. chapter 35), the FDIC hereby gives notice that it 
plans to submit to the Office of Management and Budget (OMB) a request 
for OMB review and renewal of three information collections titled: (1) 
Recordkeeping and Disclosure Requirements in Connection with Regulation 
Z (Truth in Lending); (2) Recordkeeping and Disclosure Requirements in 
Connection with Regulation M (Consumer Leasing); and (3) Recordkeeping 
and Disclosure Requirements in Connection with Regulation B (Equal 
Credit Opportunity).

DATES: Comments must be submitted on or before April 10, 2008.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods. All comments should refer to 
the name of the collection as well as the OMB control number(s):
     https://www.FDIC.gov/regulations/laws/federal/notices.html.
     E-mail: comments@fdic.gov Include the name of the 
collection in the subject line of the message.
     Mail: Leneta G. Gregorie (202-898-3719), Counsel, Room F-
1064, 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.
    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, Room 10235, 725 
17th Street, NW., Washington, DC 20503. Submissions to the OMB may also 
be faxed to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: Leneta Gregorie, at the address 
identified above.

SUPPLEMENTARY INFORMATION:

Proposal To Renew the Following Currently Approved Collections of 
Information

    1. Title: Recordkeeping and Disclosure Requirements in Connection 
with Regulation Z (Truth in Lending).
     OMB Number: 3064-0082.
     Frequency of Response: On occasion.
     Affected Public: State nonmember banks that regularly offer or 
extend consumer credit.
     Estimated Number of Respondents: 5,200.
     Estimated Time per Response: 491.11 hours.
     Total Annual Burden: 2,553,775 hours.
     General Description of Collection: Regulation Z (12 CFR 226), 
issued by the Board of Governors of the Federal Reserve System, 
prescribes uniform methods of computing the cost of credit, disclosure 
of credit terms, and procedures for resolving billing errors on certain 
credit accounts.
    2. 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: 2,000.
     Estimated Time per Response: 75 hours.
     Total Annual Burden: 150,000 hours.
     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.
    3. 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: 5,200.
     Estimated Time per Response: 135.16 hours.
     Total Annual Burden: 702,832 hours.
     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.
    At the end of the comment period, the comments and recommendations 
received will be analyzed to determine the extent to which the 
collection should be modified prior to submission to OMB for review and 
approval. Comments submitted in response to this notice also will be 
summarized or included in the FDIC's requests to OMB for renewal of 
these collections. All comments will become a matter of public record.

    Dated at Washington, DC, this 6th day of March, 2008.

    Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
 [FR Doc. E8-4756 Filed 3-10-08; 8:45 am]
BILLING CODE 6714-01-P