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[Federal Register Volume 90, Number 23 (Wednesday, February 5, 2025)]
[Notices]
[Pages 9026-9027]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-02254]

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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 
Disclosure Requirements in Connection with Regulation H (Consumer 
Protection in Sales of Insurance) (FR H-7; OMB No. 7100-0298).

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.
    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/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 H-7.

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

    Collection title: Disclosure Requirements in Connection with 
Regulation H (Consumer Protection in Sales of Insurance).
    Collection identifier: FR H-7.
    OMB control number: 7100-0298.
    General description of collection: Subpart H of Regulation H--
Membership of State Banking Institutions in the Federal Reserve System 
(12 CFR part 208) was adopted by the Board in 2000 (65 FR 75822 
(December 4, 2000)) pursuant to section 305 of the Gramm-Leach-Bliley 
Act of 1999, which required the Board, the Office of the Comptroller of 
the Currency, and the Federal Deposit Insurance Corporation to issue 
joint regulations governing retail sales practices, solicitations, 
advertising, and offers of insurance by, on behalf of, or at the 
offices of depository institutions. Respondents are required to prepare 
and provide to consumers certain disclosures in insurance product 
advertisements before a consumer buys the insurance product and at the 
time a consumer applies for an extension of credit in connection with 
the solicitation, offer, or sale of an insurance product or annuity.
    Frequency: Event-generated.
    Respondents: State member banks or any other person who sells, 
solicits, advertises, or offers an insurance product or annuity to a 
consumer at an office of a bank or on behalf of a bank.
    Total estimated number of respondents: 339.
    Total estimated annual burden hours: 8,685.
    Current actions: On July 31, 2024, the Board published a notice in 
the Federal Register (89 FR 61422) requesting public comment for 60 
days on the extension, without revision, of the FR H-7. The comment 
period for this notice expired on September 30, 2024. The Board did not 
receive any comments. The revisions will be implemented as proposed.

[[Page 9027]]

    Board of Governors of the Federal Reserve System, January 31, 
2025.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2025-02254 Filed 2-4-25; 8:45 am]
BILLING CODE 6210-01-P
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