43868 Federal Register / Vol. 83, No. 167 / Tuesday, August 28, 2018 / Notices 

Frequency of response: Once a 

prospective partner organization 

reviews WaterSense materials and 

decides to join the program, it will 

submit the appropriate Partnership 

Agreement for its partnership category 

(this form is only submitted once). 

Professional Certifying Organizations 

must include additional documentation 

to begin their partnership by completing 

an Application for Professional 

Certifying Organization Approval (this 

form is only submitted once). Each year, 

EPA also asks partners to submit an 

Annual Reporting Form and Awards 

Application (voluntarily at the partner’s 

discretion). Licensed certification 

providers for WaterSense-labeled new 

homes are asked to submit a Provider 

Quarterly Reporting Form four times 

each year. EPA also may conduct two 

Consumer Awareness Surveys over the 

three-year period of the ICR. 

Total estimated burden: 6,830 hours 

(per year for both respondents and 

EPA). Burden is defined at 5 CFR 

1320.03(b). 

Total estimated cost: $598,527 (per 

year for both respondents and EPA), 

includes $1,578 annualized capital or 

operation & maintenance costs. 

Changes in Estimates: There is a 

decrease of 2,096 hours in the total 

estimated respondent burden compared 

with the ICR currently approved by 

OMB. This decrease is due to changes 

in program requirements including 

using online forms for all non-CBI 

related data, discontinuing the 

individual irrigation partner category, 

and simplifying the quarterly provider 

reporting requirements, which have 

reduced operation & maintenance costs 

and lowered the estimated burden. EPA 

also better understands how long it 

takes partners to complete program 

forms and has better historical data to 

project new partners/forms over the 

next three years. 

Dated: August 17, 2018. 

Andrew D. Sawyers, 

Director, Office of Wastewater Management. 

[FR Doc. 2018–18641 Filed 8–27–18; 8:45 am] 

BILLING CODE 6560–50–P 

FEDERAL ACCOUNTING STANDARDS 

ADVISORY BOARD 

Notice of Request for Comment on the 

Exposure Draft of a Proposed Federal 

Financial Accounting Technical 

Release (TR), Rescission of Technical 

Release 8 

AGENCY: Federal Accounting Standards 

Advisory Board. 

ACTION: Notice. 

Pursuant to 31 U.S.C. 3511(d), the 

Federal Advisory Committee Act (Pub. 

L. 92–463), as amended, and the FASAB 

Rules Of Procedure, as amended in 

October 2010, notice is hereby given 

that the Federal Accounting Standards 

Advisory Board (FASAB) has released 

an exposure draft of a proposed Federal 

Financial Accounting Technical Release 

(TR), Rescission of Technical Release 8, 

for public comment. 

The proposed TR is available on the 

FASAB website at http://

www.fasab.gov/documents-forcomment/. Copies can be obtained by 

contacting FASAB at (202) 512–7350. 

Respondents are encouraged to 

comment on any part of the exposure 

draft and to provide the reasons for their 

positions. Written comments are 

requested by October 5, 2018, and 

should be sent to fasab@fasab.gov or 

Wendy M. Payne, Executive Director, 

Federal Accounting Standards Advisory 

Board, 441 G Street NW, Suite 1155, 

Washington, DC 20548. 

FOR FURTHER INFORMATION CONTACT: Ms. 

Wendy M. Payne, Executive Director, 

441 G Street NW, Suite 1155, 

Washington, DC 20548, or call (202) 

512–7350. 

Authority: Federal Advisory Committee 

Act, Pub. L. 92–463. 

Dated: August 21, 2018. 

Wendy M. Payne, 

Executive Director. 

[FR Doc. 2018–18564 Filed 8–27–18; 8:45 am] 

BILLING CODE 1610–02–P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice, request for comment. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) invites 

comment on a proposal to extend for 

three years, with revision, the 

Reporting, Recordkeeping, and 

Disclosure Requirements Associated 

with the Home Mortgage Disclosure Act 

(HMDA) and Loan/Application Register 

(LAR) required by Regulation C (FR 

HMDA LAR, OMB No. 7100–0247). 

DATES: Comments must be submitted on 

or before October 29, 2018. 

ADDRESSES: You may submit comments, 

identified by FR HMDA LAR, by any of 

the following methods: 

• Agency website: http://

www.federalreserve.gov. Follow the 

instructions for submitting comments at 

http://www.federalreserve.gov/apps/ 

foia/proposedregs.aspx. 

• Email: regs.comments@

federalreserve.gov. Include OMB 

number in the subject line of the 

message. 

• Fax: (202) 452–3819 or (202) 452– 

3102. 

• Mail: Ann E. Misback, Secretary, 

Board of Governors of the Federal 

Reserve System, 20th Street and 

Constitution Avenue NW, Washington, 

DC 20551. 

All public comments are available 

from the Board’s website at http://

www.federalreserve.gov/apps/foia/ 

proposedregs.aspx as submitted, unless 

modified for technical reasons. 

Accordingly, your comments will not be 

edited to remove any identifying or 

contact information. Public comments 

may also be viewed electronically or in 

paper form in Room 3515, 1801 K Street 

NW (between 18th and 19th Streets 

NW), Washington, DC 20006 between 

9:00 a.m. and 5:00 p.m. on weekdays. 

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 OMB 

Desk Officer—Shagufta Ahmed—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: A 

copy of the PRA OMB submission, 

including the proposed reporting form 

and instructions, supporting statement, 

and other documentation will be placed 

into OMB’s public docket files, once 

approved. These documents will also be 

made available on the Board’s public 

website at: http://

www.federalreserve.gov/apps/ 

reportforms/review.aspx or may be 

requested from the agency clearance 

officer, whose name appears below. 

Federal Reserve Board Clearance 

Officer—Nuha Elmaghrabi—Office of 

the Chief Data Officer, Board of 

Governors of the Federal Reserve 

System, Washington, DC 20551 (202) 

452–3829. Telecommunications Device 

for the Deaf (TDD) users may contact 

(202) 263–4869, Board of Governors of 

the Federal Reserve System, 

Washington, DC 20551. 

SUPPLEMENTARY INFORMATION: On June 

15, 1984, the Office of Management and 


daltland on DSKBBV9HB2PROD with NOTICES
Federal Register / Vol. 83, No. 167 / Tuesday, August 28, 2018 / Notices 43869 

1 12 CFR 1003.1(b). 

2On May 24, 2018, the President signed into law 

the Economic Growth, Regulatory Relief, and 

Consumer Protection Act (EGRRCPA). In relevant 

part, section 104(a) of EGRRCPA amends HMDA to 

exempt certain insured depository institutions and 

insured credit unions from collecting and reporting 

those data fields that were required by HMDA 

sections 304(b)(5) and (6), as implemented by the 

Bureau’s final rules. 

3Small depository institutions that originated 

fewer than 25 closed-end mortgage loans in either 

2015 or 2016 ceased HMDA data collection on 

January 1, 2017. 

4Under the 2015 final rules, financial institutions 

would have been required to report home-equity 

lines of credit if they made 100 or more such loans 

in each of the last two years. On August 24, 2017, 

the Bureau amended the final rules to increase the 

institutional coverage and loan threshold from 100 

to 500 or more loans through calendar years 2018 

and 2019. See 82 FR 43088 (Sept. 13, 2017). This 

temporary increase in the threshold will provide 

time for the Bureau to consider whether to initiate 

another rulemaking to address the appropriate level 

for the threshold for data collected beginning 

January 1, 2020. 

5Asset size and geographic location coverage 

tests also apply. See 12 CFR FR 1003.2(g). 

Budget (OMB) delegated to the Board 

authority under the Paperwork 

Reduction Act (PRA) to approve and 

assign OMB control numbers to 

collection of information requests and 

requirements 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. 

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 prior to giving final 

approval. 

Proposal To Approve Under OMB 

Delegated Authority the Extension for 

Three Years, With Revision, of the 

Following Report 

Report title: Reporting, 

Recordkeeping, and Disclosure 

Requirements Associated with the 

Home Mortgage Disclosure Act (HMDA) 

and Loan/Application Register (LAR) 

required by Regulation C. 

Agency form number: FR HMDA LAR. 

OMB control number: 7100–0247. 

Frequency: Annually and quarterly. 

Respondents: State member banks 

(SMBs), their subsidiaries, subsidiaries 

of bank holding companies, U.S. 

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, and organizations 

operating under section 25 or 25A of the 

Federal Reserve Act. 

Estimated number of respondents: 

Update policies, procedures, and 

systems (one-time), 505 respondents; 

Reporting—Tier 1 (annual reporter), 2 

respondents; Tier 1 (quarterly reporter), 

1 respondent; Tier 2, 148 respondents; 

Tier 2 (Crapo), 300 respondents; and 

Tier 3 (Crapo), 54 respondents; 

Recordkeeping—Tier 1 (annual 

reporter), 2 respondents; Tier 1 

(quarterly reporter), 1 respondent; Tier 

2, 448 respondents; and Tier 3, 54 

respondents; and Disclosure—Tier 1 

(annual reporter), 2 respondents; and 

Tier 1 (quarterly reporter), 1 respondent. 

Estimated average hours per response: 

Update policies, procedures, and 

systems (one-time), 176 hours; 

Reporting—Tier 1 (annual reporter), 

5,969 hours; Tier 1 (quarterly reporter), 

6,903 hours; Tier 2, 1,232 hours; Tier 2 

(Crapo), 986 hours; and Tier 3 (Crapo), 

64 hours; Recordkeeping—Tier 1 

(annual reporter), 4,130 hours; Tier 1 

(quarterly reporter), 4,130 hours; Tier 2, 

83 hours; and Tier 3, 27 hours; and 

Disclosure—Tier 1 (annual reporter), 5 

hours; and Tier 1 (quarterly reporter), 5 

hours. 

Estimated annual burden hours: 

Update policies, procedures, and 

systems (one-time), 88,880 hours; 

Reporting—Tier 1 (annual reporter), 

11,938 hours; Tier 1 (quarterly reporter), 

27,612 hours; Tier 2, 182,336 hours; 

Tier 2: Crapo, 295,800 hours; and Tier 

3: Crapo, 3,456 hours; Recordkeeping— 

Tier 1 (annual reporter), 8,260 hours; 

Tier 1 (quarterly reporter), 16,520 hours; 

Tier 2, 37,184 hours; and Tier 3, 1,458 

hours; and Disclosure—Tier 1 (annual 

reporter), 10 hours; and Tier 1 (quarterly 

reporter), 20 hours. 

General description of report: HMDA 

was enacted in 1975 and is 

implemented by Regulation C. 

Generally, HMDA requires certain 

depository and non-depository 

institutions that make certain mortgage 

loans to collect, report, and disclose 

data about originations and purchases of 

mortgage loans, as well as loan 

applications that do not result in 

originations (for example, applications 

that are denied or withdrawn). HMDA 

was enacted to provide regulators and 

the public with loan data that can be 

used to: (1) Help determine whether 

financial institutions are serving the 

housing needs of their communities, (2) 

assist public officials in distributing 

public-sector investments so as to attract 

private investment to areas where it is 

needed, and (3) assist in identifying 

possible discriminatory lending patterns 

and enforcing anti-discrimination 

statutes.1 Supervisory agencies, state 

and local public officials, and members 

of the public use the data to aid in the 

enforcement of the Community 

Reinvestment Act, the Equal Credit 

Opportunity Act, and the Fair Housing 

Act and to aid in identifying areas for 

residential redevelopment and 

rehabilitation. 

Proposed revisions: Consistent with 

the Bureau of Consumer Financial 

Protection’s (Bureau) final rules 

amending Regulation C, effective 

January 1, 2018, as well as recent 

statutory amendments to HMDA that 

were enacted on May 24, 2018,2 the 

Board proposes to revise the FR HMDA– 

LAR by expanding the data reported and 

by modifying the types of institutions 

required to report and the types of loans 

required to be reported. Beginning 

January 1, 2018, an institution that is 

otherwise not eligible for a partial 

exemption under section 104(a) of the 

Economic Growth, Regulatory Relief, 

and Consumer Protection Act 

(EGRRCPA), as discussed further below, 

is required to collect and report all 

required data points required under 

HMDA if it either originates 25 or more 3

closed-end mortgage loans or 500 or 

more open-end lines of credit 4 secured 

by a dwelling in each of the two 

preceding years, in addition to meeting 

other applicable coverage criteria.5 For 

these institutions, the final rules 

standardize the loan volume threshold 

used to determine coverage of both 

depository and non-depository 

institutions. An institution will only 


daltland on DSKBBV9HB2PROD with NOTICES
43870 Federal Register / Vol. 83, No. 167 / Tuesday, August 28, 2018 / Notices 

6 12 CFR 1003.2(e). 

7For the complete list of data points, see 12 CFR 

1003.4. 

8Section 104(a) of EGRRCPA also provides a 

partial exemption to the data collection and 

reporting requirements under HMDA for 

institutions that originate fewer than 500 open-end 

lines of credit in each of the two preceding calendar 

years and otherwise meet the applicable 

performance evaluation rating standards under 

CRA. However, institutions eligible for this partial 

exemption are already completely exempt from all 

data collection and reporting requirements under 

the temporary exemption provided by the Bureau’s 

final rules until January 1, 2020. 

9See Bureau Statement, which provides that for 

loans subject to the partial exemption, ‘‘the 

requirements of [HMDA section 304(b)(5) and (6)] 

shall not apply . . . [therefore,] institutions are 

exempt from the collection, recording, and 

reporting requirements for some, but not all, of the 

data points specified in current Regulation C.’’ 

10Section 104(a) of EGRRCPA does not define the 

terms ‘‘closed-end loan’’ or ‘‘open-end line of 

credit.’’ However, for purposes of estimating 

burden, the Board is making the assumption that 

these terms will be used consistent with how they 

are currently defined in Regulation C. See 12 CFR 

1002.2(d) and (o), which defines the term ‘‘closedend loan’’ and ‘‘open-end line of credit,’’ 

respectively. Further, for purposes of estimating 

burden, the Board is making the assumption that 

the loan volume thresholds for closed-end loans 

will be determined consistent with how such loan 

thresholds are currently used under Regulation C to 

determine if a transaction must be reported. See 12 

CFR 1003.3(c)(11) and (12), which provides how to 

determine the loan threshold volume for closed-end 

loan reporters and open-end line of credit reporters, 

respectively. 

report a covered loan if it has met the 

loan origination threshold for that loan 

category (open-end or closed-end). 

The final rules generally will require 

covered institutions to collect and 

report any mortgage loan secured by a 

dwelling, including open-end lines of 

credit, regardless of the loan’s purpose. 

However, the final rules exclude 

unsecured home-improvement loans 

(which historically were required to be 

reported), dwelling-secured loans that 

are made principally for a commercial 

or business purpose, agricultural– 

purpose loans, and other specifically 

excluded loans.6

The final rules also will require 

collection of additional data points. For 

covered institutions that are otherwise 

not eligible for the partial exemption 

under section 104(a) of EGRRCPA, as 

discussed further below, these 

additional data points will be reported 

in 2019. 

These new fields include 

• additional information about the 

applicant or borrower, such as age 

and credit score 

• information about the loan pricing, 

such as the borrower’s total cost to 

obtain a mortgage, temporary 

introductory rates, and borrower-paid 

origination charges 

• information about loan features, such 

as the loan term, prepayment 

penalties, or non-amortizing features 

(such as interest only or balloon 

payments) 

• additional information about property 

securing the loan, such as property 

value and property type 

In addition, the Bureau’s final rules 

amend several existing requirements, 

including the requirements for 

collection and reporting of information 

regarding an applicant’s or borrower’s 

ethnicity, race and sex.7

Effective May 24, 2018, an institution 

that is eligible for the partial exemption 

under section 104(a) of EGRRCPA will 

only need to report a subset of the data 

points required under HMDA if it 

originates fewer than 500 closed-end 

mortgage loans in each of the two 

preceding calendar years.8 Consistent 

with section 104(a) of EGRRCPA and the 

Bureau’s recent statement addressing 

the applicability of this statutory 

amendment to HMDA,9 the Board 

estimates that institutions eligible for 

the partial exemption will report 

approximately half the data points 

currently required by the Bureau’s final 

rules on the loans described above.10

The Bureau will collect the HMDA/ 

LAR data on behalf of the applicable 

Federal supervisory agency, and the 

data will be combined and aggregated 

for each Metropolitan Statistical Area 

(MSA). Certain aggregated data will 

continue to be publicly available, 

though the Bureau has yet to determine 

what the information collected in the 

new data fields will be disclosed once 

the final rules are fully effective. 

Legal authorization and 

confidentiality: The FR HMDA–LAR is 

authorized pursuant to section 304(j) of 

HMDA (12 U.S.C. 2803(j)), which 

requires that the Bureau prescribe by 

regulation the form of loan application 

register information that must be 

reported by covered financial 

institutions. Section 1003.5 of 

Regulation C implements this statutory 

provision, and requires covered 

financial institutions to submit reports 

to their appropriate federal agency. 

Section 304(h)(2)(A) of HMDA (12 

U.S.C. 2803(h)(2)(A)) designates the 

Board as the appropriate agency with 

respect to the entities described above. 

The FR HMDA–LAR is mandatory. 

HMDA requires the information 

collected on the FR HMDA–LAR to be 

made available to the general public in 

the form proscribed by the Bureau. The 

Bureau is authorized to redact or modify 

the scope of the information before it is 

publicly disclosed to protect the privacy 

of loan applicants and to protect 

depository institutions from liability 

under any federal or state privacy law 

(12 U.S.C. 2803(j)(2)(B)). The redacted 

information may be kept confidential 

under exemption 6 of the Freedom and 

Information Act, which protects from 

release information that, if disclosed, 

would ‘‘constitute a clearly unwarranted 

invasion of personal privacy’’ (5 U.S.C. 

552(b)(6)). 

Consultation outside the agency: The 

Board consulted with Bureau staff 

regarding the estimated burden of this 

information collection. 

Board of Governors of the Federal Reserve 

System, August 22, 2018. 

Ann Misback, 

Secretary of the Board. 

[FR Doc. 2018–18542 Filed 8–27–18; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice, request for comment. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) invites 

comment on a proposal to extend for 

three years, without revision, the 

Supervisory and Regulatory Survey (FR 

3052; OMB No. 7100–0322). 

DATES: Comments must be submitted on 

or before October 29, 2018. 

ADDRESSES: You may submit comments, 

identified by FR 3052, by any of the 

following methods: 

• Agency website: http://

www.federalreserve.gov. Follow the 

instructions for submitting comments at 

http://www.federalreserve.gov/apps/ 

foia/proposedregs.aspx. 

• Email: regs.comments@

federalreserve.gov. Include OMB 

number in the subject line of the 

message. 

• Fax: (202) 452–3819 or (202) 452– 

3102. 

• Mail: Ann E. Misback, Secretary, 

Board of Governors of the Federal 

Reserve System, 20th Street and 

Constitution Avenue NW, Washington, 

DC 20551. 

All public comments are available 

from the Board’s website at http://

www.federalreserve.gov/apps/foia/ 

proposedregs.aspx as submitted, unless 

modified for technical reasons. 

Accordingly, your comments will not be 

edited to remove any identifying or 

contact information. Public comments 

may also be viewed electronically or in 

paper form in Room 3515, 1801 K Street 

NW, Washington, DC 20006, between 


daltland on DSKBBV9HB2PROD with NOTICES