[Federal Register Volume 89, Number 209 (Tuesday, October 29, 2024)]
[Notices]
[Page 85974]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-25044]


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FEDERAL RESERVE SYSTEM


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

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
is adopting a proposal to extend for three years, without revision, the 
Recordkeeping and Disclosure Requirements Associated with Consumer 
Financial Protection Bureau's (CFPB's) Regulation B (FR B; OMB No. 
7100-0201).

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, <a href="/cdn-cgi/l/email-protection#0668736e6728636a6b67616e7467646f4660746428616970"><span class="__cf_email__" data-cfemail="3e504b565f105b52535f59564c5f5c577e584c5c10595148">[email protected]</span></a>, (202) 
452-3884.
    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.

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. Board-approved collections of information are 
incorporated into the official OMB inventory of currently approved 
collections of information. The OMB inventory, as well as copies of the 
PRA Submission, supporting statements (which contain more detailed 
information about the information collections and burden estimates than 
this notice), and approved collection of information instrument(s) are 
available at https://www.reginfo.gov/public/do/PRAMain. These documents 
are also available on the Federal Reserve 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. On the page displayed at the link above, you can find the 
supporting information by referencing the collection identifier, FR B.

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

    Collection title: Recordkeeping and Disclosure Requirements 
Associated with CFPB's Regulation B.
    Collection identifier: FR B.
    OMB control number: 7100-0201.
    General description of collection: The Equal Credit Opportunity Act 
(ECOA) was enacted in 1974 and is implemented by the CFPB's Regulation 
B. The ECOA prohibits discrimination in any aspect of a credit 
transaction because of race, color, religion, national origin, sex, 
marital status, age, receipt of public assistance, or the fact that the 
applicant has in good faith exercised any right under the Consumer 
Credit Protection Act. To aid in implementation of this prohibition, 
the statute and Regulation B subject creditors to various mandatory 
disclosure requirements, notification provisions informing applicants 
of action taken on credit applications, provision of appraisal reports 
in connection with mortgages, credit history reporting, monitoring 
rules, and recordkeeping requirements. The FR B is the Board's 
information collection associated with the CFPB's Regulation B for 
institutions the Board supervises.
    Frequency: Event generated and annually.
    Respondents: Except those that are supervised by the CFPB: state 
member banks, their subsidiaries, subsidiaries of bank holding 
companies, subsidiaries of savings and loan 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 (12 U.S.C. 601-604a; 611-631).
    Total estimated number of respondents: 841.
    Total estimated annual burden hours: 81,346.
    Current actions: On July 1, 2024, the Board published a notice in 
the Federal Register (89 FR 54463) requesting public comment for 60 
days on the extension, without revision, of the FR B. The comment 
period for this notice expired on August 30, 2024. The Board did not 
receive any comments.

    Board of Governors of the Federal Reserve System, October 23, 
2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024-25044 Filed 10-28-24; 8:45 am]
BILLING CODE 6210-01-P


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