This request for clearance is approved for use through April 1982. The FHLBB's expected revision of this report must be submitted by Feb. 15, 1982 if OMB is to extend approval by the expiration date. The support ing statement for the revision is expected to address the issues raise by OMB in its letter of Oct. 20, 1981. The Board's interim package of Dec. 29, especially the discussion of alternatives to current reportin was a good start in responding to several of our concerns. Adoption o several of the strategies should result in a substantial reduction in paperwork burden. The final package should address why the Board rejected any of the alternatives for burden reduction. The final package should also answer those questions raised in OMB's Oct. 20 letter, but not addressed in the interim resubmission. In particular, the Board is to provide: 1) a detailed description of the method of estimating and calculating the burden, 2) a discussion of th alternative of submitting a copy of each register to the FHLBB, thereb eliminating the S&L's data tabulation and 1192-o, 1192-p and 1192-q. (The Board, although not necessarily examination personnel, could tabulate the data instead), and 3) an analysis of the program efforts implementing the Civil Rights Act of 1968 by other federal agencies which regulate financial institutions. This discussion should indicate the progress in completing the FFIEC's report to the Congress on reducing duplication in this area.
Inventory as of this Action
Requested
Previously Approved
04/30/1982
04/30/1982
1,493,658
0
0
420,549
0
0
0
0
0
DATA SUBMISSION AND OTHER RECORDKEEPING REQUIREMENTS OF THE EQUAL CREDIT OPPORTUNITY ACT (12 CFR 202) AND FHLBB REGULATIONS (12 CFR 528) REPORTS REPLACE PORTIONS OF ONSITE EXAMINATION FOR COMPLIANCE WITH ECOA, FHLBB REGULATIONS, THE FAIR HOUSING AND COMMUNITY REINVESTMENT ACTS, AND REDUCE OVERALL EXAMINATION TIME AND COST.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.