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

ICR 202012-7100-009

OMB: 7100-0278

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Unchanged
Supporting Statement A
2020-12-28
IC Document Collections
ICR Details
7100-0278 202012-7100-009
Active 202012-7100-006
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
Revision of a currently approved collection   No
Delegated
Approved without change 12/28/2020
Retrieve Notice of Action (NOA) 12/28/2020
  Inventory as of this Action Requested Previously Approved
12/31/2023 36 Months From Approved 12/31/2020
206 0 207
634 0 639
0 0 0

Regulation H - Membership of State Banking Institutions in the Federal Reserve System (12 CFR Part 208) requires state member banks (SMBs) 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 in accordance with 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 in accordance with 12 CFR 208.22(d).

US Code: 12 USC 338a Name of Law: Federal Reserve Act
   US Code: 12 USC 248(a) Name of Law: Federal Reserve Act
   US Code: 12 USC 324 Name of Law: Federal Reserve Act
  
None

Not associated with rulemaking

  85 FR 58052 09/17/2020
85 FR 83954 12/23/2020
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 206 207 0 -1 0 0
Annual Time Burden (Hours) 634 639 0 -5 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
The estimated total annual burden for the FR H-6 is 639 hours, and would decrease to 634 hours with the revisions. The estimated number of respondents listed is based on the number of notices and requests received by the Federal Reserve in 2019.

$0
No
    Yes
    No
No
No
No
No
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.
12/28/2020


© 2024 OMB.report | Privacy Policy