Agency Information Collection Activities: Submission for OMB Review; Comment Request, 44913-44914 [2011-19002]

Agencies

• FEDERAL DEPOSIT INSURANCE CORPORATION

[Federal Register Volume 76, Number 144 (Wednesday, July 27, 2011)]
[Notices]
[Pages 44913-44914]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-19002]


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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.

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SUMMARY: 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.

DATES: Comments must be submitted on or before August 26, 2011.

[[Page 44914]]


ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     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-
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.

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

SUPPLEMENTARY 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.

    Dated at Washington, DC, this 22nd day of July 2011.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2011-19002 Filed 7-26-11; 8:45 am]
BILLING CODE 6714-01-P