On 9/9/81 the FRB submitted and subsequently received OMB approval for use of the HMDA-1 form. The FRB submission covered only State chartered banks under its supervision although the form is equally required of other depository institutions under the supervision of the FDIC,FHLBB,OCC, and the NCUA. After consultations with the agencies OMB has assigned each agency the responses and burden hours imposed on the depository institutions it supervises. This information collection is approved through 9/84 and the agency may use OMB control number 7100-0090 provided to the FRB. The agency may wish to validate the burden estimate contained in this information requirement. The current estimate is derived from the FRB's submission on average response time and estimates of the number of respondents under each agency's supervision. The supporting statement provided by the FRB provides a sufficient record for determining the need for the HMDA-1 by the FRB and other agencies.
Inventory as of this Action
Requested
Previously Approved
09/30/1984
09/30/1984
243
0
0
7,290
0
0
0
0
0
DEPOSITORY INSTITUTIONS SUBJECT TO THE ACT ANNUALLY DISCLOSE BY CENSUS TRACT OR COUNTY ORIGINATED AND PURCHASED RESIDENTIAL MORTGAGE LOANS. DISCLOSURES PUBLICLY AVAILABLE AT THE BANK FOR 5 YEARS AND AT THE SMSA CENTRAL DATA REPOSITORY. PUBLIC OFFICIALS, EXAMINERS, AD THE PUBLIC USE THE DISCLOSURE TO DETERMINE LENDING PATTERNS IN HOME FINANCING AND TO DETECT DISCRIMINATION AMONG OTHER THINGS.
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.