Recordkeeping Requirements Associated with Regulation H (Real Estate Lending Standards Regulation for State Member Banks)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
FRH5_20240214_omb.pdf	Supporting Statement A	Uploaded 2024-02-14	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
36290	Maintain written real estate lending policies		Unchanged
229841	Recordkeeping for loans with LTVs that exceed supervisory limits and maintaining a system of review		Unchanged
182672	Establish written real estate lending policies (de novo)		Unchanged

ICR Details

OMB Control No: 7100-0261	ICR Reference No: 202402-7100-001
Status: Active	Previous ICR Reference No: 202305-7100-001
Agency/Subagency: FRS	Agency Tracking No: FR H-5
Title: Recordkeeping Requirements Associated with Regulation H (Real Estate Lending Standards Regulation for State Member Banks)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/14/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 02/14/2024
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2027	36 Months From Approved	02/29/2024
Responses	1,403	0	1,403
Time Burden (Hours)	17,545	0	17,545
Cost Burden (Dollars)	0	0	0

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Abstract: This information collection includes a recordkeeping requirement associated with Regulation H - Membership of State Banking Institutions in the Federal Reserve System (12 CFR Part 208) that implements section 304 of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA). Pursuant to Regulation H, state member banks (SMBs) must adopt and maintain written real estate lending policies. Additionally, this information collection includes certain voluntary recordkeeping provisions in the Interagency Guidelines for Real Estate Lending Policies (Guidelines).

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Authorizing Statute(s): US Code: 12 USC 248(a) Name of Law: Federal Reserve Act
   US Code: 12 USC 324 Name of Law: Federal Reserve Act
   US Code: 12 USC 1828(o) Name of Law: Federal Deposit Insurance Corporation Improvement Act of 1991
  

Citations for New Statutory Requirements: None

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

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 46164	07/19/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 5540	01/29/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

table that charts list of burden

IC Title	Form No.	Form Name
Establish written real estate lending policies (de novo)
Maintain written real estate lending policies
Recordkeeping for loans with LTVs that exceed supervisory limits and maintaining a system of review

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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	1,403	1,403	0	0	0	0
Annual Time Burden (Hours)	17,545	17,545	0	0	0	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:

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Annual Cost to Federal Government: $0

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? No

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Common Form ICR:  No

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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: 02/14/2024

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