Notifications Related to Community Development and Public Welfare Investments by State Member Banks Pursuant to Section 208.22 of Regulation H

ICR 201712-7100-004

OMB: 7100-0278

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Form and Instruction
Modified
Form and Instruction
Modified
Justification for No Material/Nonsubstantive Change
2017-12-08
IC Document Collections
ICR Details
7100-0278 201712-7100-004
Historical Active 201410-7100-007
FRS FR H-6
Notifications Related to Community Development and Public Welfare Investments by State Member Banks Pursuant to Section 208.22 of Regulation H
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 12/08/2017
Retrieve Notice of Action (NOA) 12/08/2017
  Inventory as of this Action Requested Previously Approved
12/31/2017 12/31/2017 12/31/2017
92 0 46
400 0 182
0 0 0

Regulation H - Membership of State Banking Institutions in the Federal Reserve System requires state member banks planning to make community development or public welfare investments to comply with the following Regulation H notification requirements: If the investment does not require prior Board approval per 12 CFR 208.22(b), a written notice must be sent to the appropriate Federal Reserve Bank per 12 CFR 208.22(c). If the investment does require prior Board approval per 12 CFR 208.22(d), a request for approval must be sent to the appropriate Federal Reserve Bank. If the Board orders divestiture, but the bank cannot divest within the established time limit, a request or requests for extension of the divestiture period must be submitted to the appropriate Federal Reserve Bank per 12 CFR 208.22(e).

US Code: 12 USC 338a Name of Law: Federal Reserve Act
  
None

Not associated with rulemaking

  79 FR 57101 09/24/2014
79 FR 74088 12/15/2014
No

  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 92 46 0 0 46 0
Annual Time Burden (Hours) 400 182 0 0 218 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The increase in burden hours reflects an update to the FR H-6 respondent count.

$0
No
    No
    No
No
No
No
Uncollected
Lois Lawrence 202-452-2984 [email protected]

  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:
 
 
 
 
 
 
 
    (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.
12/08/2017


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