Proposed Agency Information Collection Activities; Comment Request, 5343-5345 [2023-01642]
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Federal Register / Vol. 88, No. 18 / Friday, January 27, 2023 / Notices
FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Board of Governors of the
Federal Reserve System.
ACTION: Notice, request for comment.
AGENCY:
The Board of Governors of the
Federal Reserve System (Board) invites
comment on a proposal to extend for
three years, without revision,
Notification of Nonfinancial Data
Processing Activities (FR 4021; OMB
No. 7100–0306).
DATES: Comments must be submitted on
or before March 28, 2023.
ADDRESSES: You may submit comments,
identified by FR 4021, by any of the
following methods:
• Agency Website: https://
www.federalreserve.gov/. Follow the
instructions for submitting comments at
https://www.federalreserve.gov/apps/
foia/proposedregs.aspx.
• Email: regs.comments@
federalreserve.gov. Include the OMB
number or FR number in the subject line
of the message.
• Fax: (202) 452–3819 or (202) 452–
3102.
• Mail: Federal Reserve Board of
Governors, Attn: Ann E. Misback,
Secretary of the Board, Mailstop M–
4775, 2001 C St NW, Washington, DC
20551.
All public comments are available
from the Board’s website at https://
www.federalreserve.gov/apps/foia/
proposedregs.aspx as submitted, unless
modified for technical reasons or to
remove personally identifiable
information at the commenter’s request.
Accordingly, comments will not be
edited to remove any confidential
business information, identifying
information, or contact information.
Public comments may also be viewed
electronically or in paper in Room M–
4365A, 2001 C St NW, Washington, DC
20551, between 9:00 a.m. and 5:00 p.m.
on weekdays, except for Federal
holidays. For security reasons, the
Board requires that visitors make an
appointment to inspect comments. You
may do so by calling (202) 452–3684.
Upon arrival, visitors will be required to
present valid government-issued photo
identification and to submit to security
screening in order to inspect and
photocopy comments.
Additionally, commenters may send a
copy of their comments to the Office of
Management and Budget (OMB) Desk
Officer for the Federal Reserve Board,
Office of Information and Regulatory
Affairs, Office of Management and
khammond on DSKJM1Z7X2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
16:53 Jan 26, 2023
Jkt 259001
Budget, New Executive Office Building,
Room 10235, 725 17th Street NW,
Washington, DC 20503, or by fax to
(202) 395–6974.
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance
Officer—Nuha Elmaghrabi—Office of
the Chief Data Officer, Board of
Governors of the Federal Reserve
System, nuha.elmaghrabi@frb.gov, (202)
452–3884.
SUPPLEMENTARY INFORMATION: On June
15, 1984, OMB delegated to the Board
authority under the Paperwork
Reduction Act (PRA) to approve and
assign OMB control numbers to
collections of information conducted or
sponsored by the Board. In exercising
this delegated authority, the Board is
directed to take every reasonable step to
solicit comment. In determining
whether to approve a collection of
information, the Board will consider all
comments received from the public and
other agencies.
During the comment period for this
proposal, a copy of the proposed PRA
OMB submission, including the draft
reporting form and instructions,
supporting statement (which contains
more detail about the information
collection and burden estimates than
this notice), and other documentation,
will be made available on the Board’s
public website at https://
www.federalreserve.gov/apps/
reportingforms/home/review or may be
requested from the agency clearance
officer, whose name appears above.
Final versions of these documents will
be made available at https://
www.reginfo.gov/public/do/PRAMain, if
approved.
Request for Comment on Information
Collection Proposal
The Board invites public comment on
the following information collection,
which is being reviewed under
authority delegated by the OMB under
the PRA. Comments are invited on the
following:
a. Whether the proposed collection of
information is necessary for the proper
performance of the Board’s functions,
including whether the information has
practical utility;
b. The accuracy of the Board’s
estimate of the burden of the proposed
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;
d. Ways to minimize the burden of
information collection on respondents,
including through the use of automated
PO 00000
Frm 00045
Fmt 4703
Sfmt 4703
5343
collection techniques or other forms of
information technology; and
e. Estimates of capital or startup costs
and costs of operation, maintenance,
and purchase of services to provide
information.
At the end of the comment period, the
comments and recommendations
received will be analyzed to determine
the extent to which the Board should
modify the proposal.
Proposal Under OMB Delegated
Authority To Extend for Three Years,
Without Revision, the Following
Information Collection
Collection title: Notification of
Nonfinancial Data Processing Activities.
Collection identifier: FR 4021.
OMB control number: 7100–0306.
General description of collection:
Generally, a bank holding company
(BHC) may, directly or through a
subsidiary, engage in data processing
activities if, among other requirements,
the company or subsidiary earns not
more than 49 percent of its data
processing revenue from nonfinancial
data processing activities. However, the
Board has stated that a BHC may file
with the Board a request for permission
to administer this 49 percent revenue
limit on a business-line or multipleentity basis, rather than on a companyby-company basis. The FR 4021
information collection consists of this
filing for prior approval.
Frequency: As needed.
Respondents: BHCs.
Total estimated number of
respondents: 1.
Total estimated annual burden hours:
2.1
Board of Governors of the Federal Reserve
System, January 24, 2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023–01640 Filed 1–26–23; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Board of Governors of the
Federal Reserve System.
ACTION: Notice, request for comment.
AGENCY:
1 More detailed information regarding this
collection, including more detailed burden
estimates, can be found in the OMB Supporting
Statement posted at https://www.federalreserve.gov/
apps/reportingforms/home/review. On the page
displayed at the link, you can find the OMB
Supporting Statement by referencing the collection
identifier, FR 4021.
E:\FR\FM\27JAN1.SGM
27JAN1
5344
Federal Register / Vol. 88, No. 18 / Friday, January 27, 2023 / Notices
The Board of Governors of the
Federal Reserve System (Board) invites
comment on a proposal to extend for
three years, with revision, the
Registration of Mortgage Loan
Originators (CFPB G; OMB No. 7100–
0328).
DATES: Comments must be submitted on
or before March 28, 2023.
ADDRESSES: You may submit comments,
identified by CFPB G, by any of the
following methods:
• Agency Website: https://
www.federalreserve.gov/. Follow the
instructions for submitting comments at
https://www.federalreserve.gov/apps/
foia/proposedregs.aspx.
• Email: regs.comments@
federalreserve.gov. Include the OMB
number or FR number in the subject line
of the message.
• Fax: (202) 452–3819 or (202) 452–
3102.
• Mail: Federal Reserve Board of
Governors, Attn: Ann E. Misback,
Secretary of the Board, Mailstop M–
4775, 2001 C St NW, Washington, DC
20551.
All public comments are available
from the Board’s website at https://
www.federalreserve.gov/apps/foia/
proposedregs.aspx as submitted, unless
modified for technical reasons or to
remove personally identifiable
information at the commenter’s request.
Accordingly, comments will not be
edited to remove any confidential
business information, identifying
information, or contact information.
Public comments may also be viewed
electronically or in paper in Room M–
4365A, 2001 C St NW, Washington, DC
20551, between 9:00 a.m. and 5:00 p.m.
on weekdays, except for Federal
holidays. For security reasons, the
Board requires that visitors make an
appointment to inspect comments. You
may do so by calling (202) 452–3684.
Upon arrival, visitors will be required to
present valid government-issued photo
identification and to submit to security
screening in order to inspect and
photocopy comments.
Additionally, commenters may send a
copy of their comments to the Office of
Management and Budget (OMB) Desk
Officer for the Federal Reserve Board,
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
Room 10235, 725 17th Street NW,
Washington, DC 20503, or by fax to
(202) 395–6974.
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance
Officer—Nuha Elmaghrabi—Office of
the Chief Data Officer, Board of
Governors of the Federal Reserve
khammond on DSKJM1Z7X2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
16:53 Jan 26, 2023
Jkt 259001
System, nuha.elmaghrabi@frb.gov, (202)
452–3884.
SUPPLEMENTARY INFORMATION: On June
15, 1984, OMB delegated to the Board
authority under the Paperwork
Reduction Act (PRA) to approve and
assign OMB control numbers to
collections of information conducted or
sponsored by the Board. In exercising
this delegated authority, the Board is
directed to take every reasonable step to
solicit comment. In determining
whether to approve a collection of
information, the Board will consider all
comments received from the public and
other agencies.
During the comment period for this
proposal, a copy of the proposed PRA
OMB submission, including the draft
reporting form and instructions,
supporting statement (which contains
more detail about the information
collection and burden estimates than
this notice), and other documentation,
will be made available on the Board’s
public website at https://
www.federalreserve.gov/apps/
reportingforms/home/review or may be
requested from the agency clearance
officer, whose name appears above.
Final versions of these documents will
be made available at https://
www.reginfo.gov/public/do/PRAMain, if
approved.
Request for Comment on Information
Collection Proposal
The Board invites public comment on
the following information collection,
which is being reviewed under
authority delegated by the OMB under
the PRA. Comments are invited on the
following:
a. Whether the proposed collection of
information is necessary for the proper
performance of the Board’s functions,
including whether the information has
practical utility;
b. The accuracy of the Board’s
estimate of the burden of the proposed
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;
d. Ways to minimize the burden of
information collection on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and
e. Estimates of capital or startup costs
and costs of operation, maintenance,
and purchase of services to provide
information.
At the end of the comment period, the
comments and recommendations
received will be analyzed to determine
PO 00000
Frm 00046
Fmt 4703
Sfmt 4703
the extent to which the Board should
modify the proposal.
Proposal Under OMB Delegated
Authority To Extend for Three Years,
With Revision, the Following
Information Collection
Collection title: Registration of
Mortgage Loan Originators.
Collection identifier: CFPB G.
OMB control number: 7100–0328.
General description of collection: In
accordance with the Secure and Fair
Enforcement for Mortgage Licensing Act
(SAFE Act), the Consumer Financial
Protection Bureau’s (CFPB) Regulation
G requires residential mortgage loan
originators (MLOs) to register with the
Nationwide Multistate Licensing System
(NMLS),1 maintain this registration,
obtain a unique identifier, and disclose
to consumers upon request and through
the NMLS their unique identifier and
the MLO’s employment history and
publicly adjudicated disciplinary and
enforcement actions. The CFPB’s
regulation also requires the institutions
employing MLOs to adopt and follow
written policies and procedures to
ensure that their employees comply
with these requirements and to conduct
annual independent compliance tests.
Proposed revisions: The Board
proposes to revise the CFPB G by
updating its burden estimation
methodology, including certain hourly
burden estimates, in order to more
accurately capture associated banking
organization disclosure and
recordkeeping burden. These revisions
would be effective immediately.
First, the Board is proposing to
account for Section 1007.103(e) banking
organization disclosure of registration
information requirements burden
separately from Section 1007.104
banking organization recordkeeping
requirements burden. The Board has
determined that it is more accurate to
reflect the information collection
burden associated with Section
1007.103(e) requirements as disclosure
requirements instead of as
recordkeeping requirements, as was
done previously.
Next, the Board is proposing to revise
the average annual estimated hourly
burden per banking organization (for
both banking organizations already
subject to these requirements and
banking organizations newly subject to
these requirements) associated with
Section 1007.103(e) disclosure of
registration information to 3.7 hours.
Additionally, the Board is proposing
to revise the average annual estimated
1 https://
mortgage.nationwidelicensingsystem.org/Pages/
default.aspx.
E:\FR\FM\27JAN1.SGM
27JAN1
khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 88, No. 18 / Friday, January 27, 2023 / Notices
hourly burden per banking organization
already subject to Section 1007.104
recordkeeping requirements to 7.0 hours
and to revise the average annual
estimated hourly burden per banking
organization newly subject to Section
1007.104 recordkeeping requirements to
114.3 hours. This represents a change
from the Board’s existing methodology,
which estimates that the combined
Section 1007.103(e) and Section
1007.104 average annual estimated
hourly burden for all banking
organizations is 118.0 hours. The Board
is proposing this change to reflect that
the limited number of new banking
organization respondents would incur a
higher one-time burden to implement
the requirements, whereas the majority
of banking organization respondents
that have already implemented the
requirements would incur a much lower
ongoing burden.
Finally, the Board has determined
that it is more accurate to reflect the
information collection burden
associated with Section 1007.105
requirements as disclosure requirements
instead of as recordkeeping
requirements, as was done previously.
The disclosures associated with Section
1007.105—disclosure of unique
identifier—are primarily electronic and
produce de minimis burden. Therefore,
the Board is proposing to not estimate
any associated burden for these
disclosures.
Frequency: Annually.
Respondents: The Board’s CFPB G
panel comprises state member banks
(SMBs) with $10 billion or less in total
assets that are not affiliates of insured
depository institutions with total assets
of more than $10 billion; subsidiaries of
such SMBs that are not functionally
regulated within the meaning of section
5(c)(5) of the Bank Holding Company
Act of 1956; branches and agencies of
foreign banks (other than federal
branches, federal agencies, and insured
state branches of foreign banks);
commercial lending companies owned
or controlled by foreign banks
(collectively, banking organizations);
and the employees of these banking
organizations who act as residential
MLOs.
Total estimated number of
respondents: 17,467.
Total estimated change in burden:
(63,951).
Total estimated annual burden hours:
23,366.2
2 More detailed information regarding this
collection, including more detailed burden
estimates, can be found in the OMB Supporting
Statement posted at https://www.federalreserve.gov/
apps/reportingforms/home/review. On the page
displayed at the link, you can find the OMB
VerDate Sep<11>2014
16:53 Jan 26, 2023
Jkt 259001
Board of Governors of the Federal Reserve
System, January 23, 2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023–01642 Filed 1–26–23; 8:45 am]
BILLING CODE 6210–01–P
GENERAL SERVICES
ADMINISTRATION
[Notice–PBS–2023–01; Docket No. 2023–
0002; Sequence No. 3]
Draft Environmental Impact Statement
and Draft Finding of No Practicable
Alternative for the Expansion and
Modernization of the Raul Hector
Castro Land Port of Entry and
Proposed Commercial Land Port of
Entry in Douglas, Arizona
Public Buildings Service (PBS),
General Services Administration (GSA).
ACTION: Notice of availability; public
notice of Draft Finding of No Practicable
Alternative (FONPA); announcement of
meeting.
AGENCY:
This notice announces the
availability of the Draft Environmental
Impact Statement (DEIS), which
examines the potential environmental
impacts from the expansion and
modernization of the Raul Hector Castro
(RHC) Land Port of Entry (LPOE) in
Douglas, Arizona, and construction of a
new Commercial LPOE to address
various operational, capacity, and safety
issues associated with the existing
facility. The existing RHC LPOE is
owned and managed by GSA and is
operated by the U.S. Department of
Homeland Security’s Customs and
Border Protection (CBP). The DEIS
describes the purpose and need for the
project; alternatives considered; the
existing environment that could be
affected; the potential impacts resulting
from each of the alternatives; and
proposed best management practices
and/or mitigation measures. The DEIS
also includes the Draft Finding of No
Practicable Alternative (FONPA), which
provides a floodplain assessment and
statement of findings as a result of
construction in a floodplain at the RHC
LPOE.
DATES: Meeting Date—A public meeting
will be held on Wednesday, February
22nd from 4 p.m. to 6 p.m., MST. The
meeting will be held in the Douglas
Visitor Center, where interested parties
are invited to join and provide verbal or
written comments on the DEIS and Draft
FONPA.
SUMMARY:
Supporting Statement by referencing the collection
identifier, CFPB G.
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Fmt 4703
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5345
Public Comments – The public
comment period begins with the
publication of this NOA in the Federal
Register. Please submit public
comments on or before March 13th,
2023. After the comment period, GSA
will prepare the Final EIS.
ADDRESSES:
Meeting Location—A public meeting
will be held at the Douglas Visitor
Center, 345 16th St, Douglas, AZ 85607.
Public Comments—In addition to
verbal and written comments provided
at the public meeting, members of the
public may also submit comments by
one of the following methods:
• Email: Osmahn.Kadri@gsa.gov.
Please include ‘RHC LPOE EIS’ in the
subject line of the message.
• Mail: ATTN: Osmahn Kadri, RHC
LPOE EIS; U.S. General Services
Administration, c/o Potomac-Hudson
Engineering, Inc., 77 Upper Rock Circle,
Suite 302, Rockville MD 20850.
FOR FURTHER INFORMATION CONTACT:
Osmahn Kadri, NEPA Project Manager,
GSA at 415–522–3617 or
Osmahn.Kadri@gsa.gov. Please also call
the number if special assistance is
needed to attend and participate in the
public meeting.
SUPPLEMENTARY INFORMATION:
Background
The RHC LPOE is a full-service,
multi-modal port, where CBP currently
inspects commercially-owned vehicles
(COVs), privately-owned vehicles
(POVs), and pedestrians at the U.S.Mexico border in Douglas, Arizona. The
current facilities at the RHC LPOE no
longer function adequately given the
site constraints, steady increase in
traffic, and outdated facilities and
technologies. The interaction between
COVs, POVs, and pedestrian traffic is
also a concern at the RHC LPOE.
Inadequate pathways and separations
between traffic types cause safety and
security issues for CBP officers and the
general public. As downtown Douglas is
located just north of the RHC LPOE,
traffic congestion and trucks hauling
hazardous materials through the city are
also a concern in the community.
The purpose of the project is for GSA
to support CBP’s mission by bringing
the RHC LPOE operations in line with
current land port design standards and
operational requirements of CBP while
addressing existing operational
deficiencies. The project is needed to:
improve capacity and functionality of
the LPOE to meet future demand while
maintaining the capability to meet
border security initiatives; ensure the
safety and security for workers and
users of the LPOE; and improve traffic
E:\FR\FM\27JAN1.SGM
27JAN1
]]>Agencies
[Federal Register Volume 88, Number 18 (Friday, January 27, 2023)]
[Notices]
[Pages 5343-5345]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-01642]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice, request for comment.
-----------------------------------------------------------------------
[[Page 5344]]
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
invites comment on a proposal to extend for three years, with revision,
the Registration of Mortgage Loan Originators (CFPB G; OMB No. 7100-
0328).
DATES: Comments must be submitted on or before March 28, 2023.
ADDRESSES: You may submit comments, identified by CFPB G, by any of the
following methods:
Agency Website: https://www.federalreserve.gov/. Follow
the instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
Email: [email protected]. Include the OMB
number or FR number in the subject line of the message.
Fax: (202) 452-3819 or (202) 452-3102.
Mail: Federal Reserve Board of Governors, Attn: Ann E.
Misback, Secretary of the Board, Mailstop M-4775, 2001 C St NW,
Washington, DC 20551.
All public comments are available from the Board's website at
https://www.federalreserve.gov/apps/foia/proposedregs.aspx as
submitted, unless modified for technical reasons or to remove
personally identifiable information at the commenter's request.
Accordingly, comments will not be edited to remove any confidential
business information, identifying information, or contact information.
Public comments may also be viewed electronically or in paper in Room
M-4365A, 2001 C St NW, Washington, DC 20551, between 9:00 a.m. and 5:00
p.m. on weekdays, except for Federal holidays. For security reasons,
the Board requires that visitors make an appointment to inspect
comments. You may do so by calling (202) 452-3684. Upon arrival,
visitors will be required to present valid government-issued photo
identification and to submit to security screening in order to inspect
and photocopy comments.
Additionally, commenters may send a copy of their comments to the
Office of Management and Budget (OMB) Desk Officer for the Federal
Reserve Board, Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Room 10235, 725
17th Street NW, Washington, DC 20503, or by fax to (202) 395-6974.
FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance
Officer--Nuha Elmaghrabi--Office of the Chief Data Officer, Board of
Governors of the Federal Reserve System, [email protected], (202)
452-3884.
SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board
authority under the Paperwork Reduction Act (PRA) to approve and assign
OMB control numbers to collections of information conducted or
sponsored by the Board. In exercising this delegated authority, the
Board is directed to take every reasonable step to solicit comment. In
determining whether to approve a collection of information, the Board
will consider all comments received from the public and other agencies.
During the comment period for this proposal, a copy of the proposed
PRA OMB submission, including the draft reporting form and
instructions, supporting statement (which contains more detail about
the information collection and burden estimates than this notice), and
other documentation, will be made available on the Board's public
website at https://www.federalreserve.gov/apps/reportingforms/home/review or may be requested from the agency clearance officer, whose
name appears above. Final versions of these documents will be made
available at https://www.reginfo.gov/public/do/PRAMain, if approved.
Request for Comment on Information Collection Proposal
The Board invites public comment on the following information
collection, which is being reviewed under authority delegated by the
OMB under the PRA. Comments are invited on the following:
a. Whether the proposed collection of information is necessary for
the proper performance of the Board's functions, including whether the
information has practical utility;
b. The accuracy of the Board's estimate of the burden of the
proposed 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;
d. Ways to minimize the burden of information collection on
respondents, including through the use of automated collection
techniques or other forms of information technology; and
e. Estimates of capital or startup costs and costs of operation,
maintenance, and purchase of services to provide information.
At the end of the comment period, the comments and recommendations
received will be analyzed to determine the extent to which the Board
should modify the proposal.
Proposal Under OMB Delegated Authority To Extend for Three Years, With
Revision, the Following Information Collection
Collection title: Registration of Mortgage Loan Originators.
Collection identifier: CFPB G.
OMB control number: 7100-0328.
General description of collection: In accordance with the Secure
and Fair Enforcement for Mortgage Licensing Act (SAFE Act), the
Consumer Financial Protection Bureau's (CFPB) Regulation G requires
residential mortgage loan originators (MLOs) to register with the
Nationwide Multistate Licensing System (NMLS),\1\ maintain this
registration, obtain a unique identifier, and disclose to consumers
upon request and through the NMLS their unique identifier and the MLO's
employment history and publicly adjudicated disciplinary and
enforcement actions. The CFPB's regulation also requires the
institutions employing MLOs to adopt and follow written policies and
procedures to ensure that their employees comply with these
requirements and to conduct annual independent compliance tests.
---------------------------------------------------------------------------
\1\ https://mortgage.nationwidelicensingsystem.org/Pages/default.aspx.
---------------------------------------------------------------------------
Proposed revisions: The Board proposes to revise the CFPB G by
updating its burden estimation methodology, including certain hourly
burden estimates, in order to more accurately capture associated
banking organization disclosure and recordkeeping burden. These
revisions would be effective immediately.
First, the Board is proposing to account for Section 1007.103(e)
banking organization disclosure of registration information
requirements burden separately from Section 1007.104 banking
organization recordkeeping requirements burden. The Board has
determined that it is more accurate to reflect the information
collection burden associated with Section 1007.103(e) requirements as
disclosure requirements instead of as recordkeeping requirements, as
was done previously.
Next, the Board is proposing to revise the average annual estimated
hourly burden per banking organization (for both banking organizations
already subject to these requirements and banking organizations newly
subject to these requirements) associated with Section 1007.103(e)
disclosure of registration information to 3.7 hours.
Additionally, the Board is proposing to revise the average annual
estimated
[[Page 5345]]
hourly burden per banking organization already subject to Section
1007.104 recordkeeping requirements to 7.0 hours and to revise the
average annual estimated hourly burden per banking organization newly
subject to Section 1007.104 recordkeeping requirements to 114.3 hours.
This represents a change from the Board's existing methodology, which
estimates that the combined Section 1007.103(e) and Section 1007.104
average annual estimated hourly burden for all banking organizations is
118.0 hours. The Board is proposing this change to reflect that the
limited number of new banking organization respondents would incur a
higher one-time burden to implement the requirements, whereas the
majority of banking organization respondents that have already
implemented the requirements would incur a much lower ongoing burden.
Finally, the Board has determined that it is more accurate to
reflect the information collection burden associated with Section
1007.105 requirements as disclosure requirements instead of as
recordkeeping requirements, as was done previously. The disclosures
associated with Section 1007.105--disclosure of unique identifier--are
primarily electronic and produce de minimis burden. Therefore, the
Board is proposing to not estimate any associated burden for these
disclosures.
Frequency: Annually.
Respondents: The Board's CFPB G panel comprises state member banks
(SMBs) with $10 billion or less in total assets that are not affiliates
of insured depository institutions with total assets of more than $10
billion; subsidiaries of such SMBs that are not functionally regulated
within the meaning of section 5(c)(5) of the Bank Holding Company Act
of 1956; branches and agencies of foreign banks (other than federal
branches, federal agencies, and insured state branches of foreign
banks); commercial lending companies owned or controlled by foreign
banks (collectively, banking organizations); and the employees of these
banking organizations who act as residential MLOs.
Total estimated number of respondents: 17,467.
Total estimated change in burden: (63,951).
Total estimated annual burden hours: 23,366.\2\
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\2\ More detailed information regarding this collection,
including more detailed burden estimates, can be found in the OMB
Supporting Statement posted at https://www.federalreserve.gov/apps/reportingforms/home/review. On the page displayed at the link, you
can find the OMB Supporting Statement by referencing the collection
identifier, CFPB G.
Board of Governors of the Federal Reserve System, January 23,
2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-01642 Filed 1-26-23; 8:45 am]
BILLING CODE 6210-01-P
