Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation BB

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
FRBB_20180427_83c.pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2018-04-27	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
36205	Reporting Sections 228.41 and 228.42(g) Assessment area delineation		Modified
185664	Disclosure Sections 228.43 and 228.44 Public file		Modified
185663	Optional Recordkeeping Section 228.42(c) Other loan data		Modified
185662	Optional Recordkeeping Section 228.42(c) Consumer loan data		Modified
185654	Recordkeeping Section 228.42(a) Small business and small farm loan register		Modified
185653	Optional Reporting Section 228.42(e) Data on lending by a consortium or third party		Modified
185584	Optional Reporting Section 228.42(d) Affiliate lending data		Modified
185583	Optional Reporting Section 228.27 Request for strategic plan approval		Modified
185582	Optional Reporting Section 228.25(b) Request for designation as a wholesale or limited purpose bank		Modified
185581	Reporting Section 228.42(b) Loan data HMDA out of MSA		Modified
185580	Reporting Section 228.42(b) Loan data Community development		Modified
185579	Reporting Section 228.42(b) Loan data Small business and small farm		Modified

ICR Details

OMB Control No: 7100-0197	ICR Reference No: 201711-7100-008
Status: Historical Active	Previous ICR Reference No: 201504-7100-004
Agency/Subagency: FRS	Agency Tracking No: FR BB
Title: Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation BB
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/27/2018
	Date Received in OIRA: 04/27/2018
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2018	04/30/2018	04/30/2018
Responses	1,346	0	1,279
Time Burden (Hours)	61,727	0	50,279
Cost Burden (Dollars)	0	0	0

---

Abstract: The Community Reinvestment Act (CRA) was enacted in 1977 and is implemented by Regulation BB - Community Reinvestment (12 CFR 228). The CRA directs the Board, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) (collectively, the agencies) to evaluate financial institutions’ records of helping to meet the credit needs of their entire communities, including low- and moderate-income areas consistent with the safe and sound operation of the institutions. The CRA is implemented through regulations issued by the agencies with responsibility for CRA rulemaking.

---

Authorizing Statute(s): US Code: 12 USC 2905 Name of Law: Community Reinvestment Act
   US Code: 12 USC 248(a)(1) Name of Law: Federal Reserve Act
   US Code: 12 USC 325 Name of Law: Federal Reserve Act
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 4571	01/28/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 22186	04/21/2015
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 12

table that charts list of burden

IC Title	Form No.	Form Name
Disclosure Sections 228.43 and 228.44 Public file
Optional Reporting Section 228.42(e) Data on lending by a consortium or third party
Recordkeeping Section 228.42(a) Small business and small farm loan register
Reporting Sections 228.41 and 228.42(g) Assessment area delineation
Optional Recordkeeping Section 228.42(c) Consumer loan data
Optional Recordkeeping Section 228.42(c) Other loan data
Reporting Section 228.42(b) Loan data Small business and small farm
Reporting Section 228.42(b) Loan data HMDA out of MSA
Optional Reporting Section 228.25(b) Request for designation as a wholesale or limited purpose bank
Optional Reporting Section 228.42(d) Affiliate lending data
Reporting Section 228.42(b) Loan data Community development
Optional Reporting Section 228.27 Request for strategic plan approval

---

ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	1,346	1,279	0	0	67	0
Annual Time Burden (Hours)	61,727	50,279	0	0	11,448	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Increase in burden hours reflects update to the FR BB respondent counts.

---

Annual Cost to Federal Government: $1,184,933

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  No

---

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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 04/27/2018

---