Reporting and Recordkeeping Requirements Associated with Regulation L

ICR 202005-7100-013

OMB: 7100-0378

Federal Form Document

Forms and Documents
Supporting Statement A
IC Document Collections
ICR Details
7100-0378 202005-7100-013
Reporting and Recordkeeping Requirements Associated with Regulation L
New collection (Request for a new OMB Control Number)   No
Approved without change 05/22/2020
Retrieve Notice of Action (NOA) 05/22/2020
  Inventory as of this Action Requested Previously Approved
05/31/2023 36 Months From Approved
12 0 0
40 0 0
0 0 0

The Depository Institution Management Interlocks Act (DIMIA) generally prohibits management officials from serving simultaneously with two unaffiliated depository institutions or their holding companies, but allows the Federal banking agencies, including the Board, to grant exemptions from such interlocks in certain circumstances. The FR L information collection accounts for the reporting and recordkeeping requirements associated with implementation of DIMIA.

US Code: 12 USC 1467a(b) and (g) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 3207 Name of Law: Depository Institution Management Interlocks Act
   US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 248(a) Name of Law: Federal Reserve Act
   US Code: 12 USC 324 Name of Law: Federal Reserve Act

7100-AF31 Final or interim final rulemaking 84 FR 54465 10/10/2019

  84 FR 604 01/31/2019
84 FR 54465 10/10/2019

IC Title Form No. Form Name
Reporting Sections 212.4(h)(1)(i) and 238.94(h)(1)(i)
Recordkeeping Sections 212.5(b) and 238.95(b)

  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 12 0 0 12 0 0
Annual Time Burden (Hours) 40 0 0 40 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Changing Regulations
Although the Board previously included these reporting and recordkeeping requirements in the information collection under OMB control number 7100-0134, they were inadvertently omitted from recent clearances of that control number. The Board implemented a new information collection to account for these requirements.

Brenda Simms 202 475-6340 [email protected]


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.

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