[Federal Register Volume 65, Number 192 (Tuesday, October 3, 2000)]
[Notices]
[Pages 58996-58997]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-25317]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

Background

SUMMARY: Notice is hereby given of the final approval of proposed 
information collections by the Board of Governors of the Federal 
Reserve System (Board) under OMB delegated authority, as per 5 CFR 
1320.16 (OMB Regulations on Controlling Paperwork Burdens on the 
Public). Board-approved collections of information are incorporated 
into the official OMB inventory of currently approved collections of 
information. Copies of the OMB 83-Is and supporting statements and 
approved collection of information instrument(s) are placed into OMB's 
public docket files. The Federal Reserve may not conduct or sponsor, 
and the respondent is not required to respond to, an information 
collection that has been extended, revised, or implemented on or after 
October 1, 1995, unless it displays a currently valid OMB control 
number.

FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance 
Officer--Mary M. West--Division of Research and Statistics, Board of 
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829); OMB Desk Officer--Alexander T. Hunt--Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 3208, Washington, DC 20503 (202-395-7860).

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, Without Revision, of the Following Reports

    1. Report title: The HMDA Loan/Application Register.
    Agency form number: FR HMDA-LAR.
    OMB Control number: 7100-0247.
    Frequency: Annual.
    Reporters: State member banks, subsidiaries of state member banks, 
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 under section 
25 or 25A of the Federal Reserve Act.
    Annual reporting hours: 121,714 hours.
    Estimated average hours per response: Banks, 202 hours; mortgage 
subsidiaries, 160 hours.
    Number of respondents: Banks, 517; mortgage subsidiaries, 108 
hours.
    Small businesses are not affected.
    General description of report: This information collection is 
mandatory (12 U.S.C. 2801 et seq.). The data are not given confidential 
treatment, however, information that might identify individual 
borrowers or applicants is given confidential treatment under exemption 
6 of the Freedom of Information Act (5 U.S.C. 552(b)(6)).
    Abstract: The Federal Reserve's Regulation C, including the 
information collection, applies both to depository and to for-profit 
non-depository institutions. The information reported and disclosed 
pursuant to this collection is used to further the purposes of HMDA. 
These include: (1) to help determine whether financial institutions are 
serving the housing needs of their communities; (2) to assist public 
officials in distributing public-sector investments so as to attract 
private investment to areas where it is needed; and (3) to assist in 
identifying possible discriminatory lending patterns and enforcing 
anti-discrimination statues.
    2. Report title: International Applications and Prior Notifications 
Under Subpart B of Regulation K.
    Agency form number: FR K-2.

[[Page 58997]]

    OMB Control number: 7100-0284.
    Frequency: Event-generated.
    Reporters: Foreign banks.
    Annual reporting hours: 600 hours.
    Estimated average hours per response: 40 hours.
    Number of respondents: 15.
    Small businesses are not affected.
    General description of report: This information collection is 
required to obtain or retain a benefit sections 7 and 10 of the 
International Banking Act (12 U.S.C. 3105 and 3107). The applying 
organization has the opportunity to request confidentiality for 
information that it believes will qualify for a Freedom of Information 
Act exemption.
    Abstract: Foreign banks are required to obtain the prior approval 
of the Federal Reserve to establish a branch, agency, or representative 
office or to acquire ownership or control of a commercial lending 
company in the United States or to change the status of any existing 
office in the United States. The Federal Reserve needs the information 
to fulfill its statutory obligation to supervise foreign banking 
organizations with offices in the United States.

    Board of Governors of the Federal Reserve System, September 27, 
2000.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 00-25317 Filed 10-2-00; 8:45 am]
BILLING CODE 6210-01-P