[Federal Register: March 11, 2008 (Volume 73, Number 48)]
[Notices]
[Page 13002]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr11mr08-68]
[[Page 13002]]
=======================================================================
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Submission for OMB
Review; Comment Request
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice of information collection to be submitted to OMB for
review and approval under the Paperwork Reduction Act of 1995.
-----------------------------------------------------------------------
SUMMARY: In accordance with requirements of the Paperwork Reduction Act
of 1995 (44 U.S.C. chapter 35), the FDIC hereby gives notice that it
plans to submit to the Office of Management and Budget (OMB) a request
for OMB review and renewal of three information collections titled: (1)
Recordkeeping and Disclosure Requirements in Connection with Regulation
Z (Truth in Lending); (2) Recordkeeping and Disclosure Requirements in
Connection with Regulation M (Consumer Leasing); and (3) Recordkeeping
and Disclosure Requirements in Connection with Regulation B (Equal
Credit Opportunity).
DATES: Comments must be submitted on or before April 10, 2008.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods. All comments should refer to
the name of the collection as well as the OMB control number(s):
http://www.FDIC.gov/regulations/laws/federal/notices.html.
E-mail: comments@fdic.gov Include the name of the
collection in the subject line of the message.
Mail: Leneta G. Gregorie (202-898-3719), Counsel, Room F-
1064, Federal Deposit Insurance Corporation, 550 17th Street, NW.,
Washington, DC 20429.
Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 17th Street Building (located on F Street),
on business days between 7 a.m. and 5 p.m.
Comments may also be submitted to the OMB desk officer for the
FDIC: Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Room 10235, 725
17th Street, NW., Washington, DC 20503. Submissions to the OMB may also
be faxed to (202) 395-6974.
FOR FURTHER INFORMATION CONTACT: Leneta Gregorie, at the address
identified above.
SUPPLEMENTARY INFORMATION:
Proposal To Renew the Following Currently Approved Collections of
Information
1. Title: Recordkeeping and Disclosure Requirements in Connection
with Regulation Z (Truth in Lending).
OMB Number: 3064-0082.
Frequency of Response: On occasion.
Affected Public: State nonmember banks that regularly offer or
extend consumer credit.
Estimated Number of Respondents: 5,200.
Estimated Time per Response: 491.11 hours.
Total Annual Burden: 2,553,775 hours.
General Description of Collection: Regulation Z (12 CFR 226),
issued by the Board of Governors of the Federal Reserve System,
prescribes uniform methods of computing the cost of credit, disclosure
of credit terms, and procedures for resolving billing errors on certain
credit accounts.
2. Title: Recordkeeping and Disclosure Requirements in Connection
with Regulation M (Consumer Leasing).
OMB Number: 3064-0083.
Frequency of Response: On occasion.
Affected Public: State nonmember banks engaging in consumer
leasing.
Estimated Number of Respondents: 2,000.
Estimated Time per Response: 75 hours.
Total Annual Burden: 150,000 hours.
General Description of Collection: Regulation M (12 CFR 213),
issued by the Board of Governors of the Federal Reserve System,
implements the consumer leasing provisions of the Truth in Lending Act.
3. Title: Recordkeeping and Disclosure Requirements in Connection
with Regulation B (Equal Credit Opportunity).
OMB Number: 3064-0085.
Frequency of Response: On occasion.
Affected Public: State nonmember banks engaging in credit
transactions.
Estimated Number of Respondents: 5,200.
Estimated Time per Response: 135.16 hours.
Total Annual Burden: 702,832 hours.
General Description of Collection: Regulation B (12 CFR 202),
issued by the Board of Governors of the Federal Reserve System,
prohibits creditors from discriminating against applicants on any of
the bases specified by the Equal Credit Opportunity Act, establishes
guidelines for gathering and evaluating credit information, and
requires creditors to give applicants a written notification of
rejection of an application.
Request for Comment
Comments are invited on: (a) Whether the collection of information
is necessary for the proper performance of the FDIC's functions,
including whether the information has practical utility; (b) the
accuracy of the estimates of the burden of the information collection,
including the validity of the methodology and assumptions used; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; and (d) ways to minimize the burden of the information
collection on respondents, including through the use of automated
collection techniques or other forms of information technology.
At the end of the comment period, the comments and recommendations
received will be analyzed to determine the extent to which the
collection should be modified prior to submission to OMB for review and
approval. Comments submitted in response to this notice also will be
summarized or included in the FDIC's requests to OMB for renewal of
these collections. All comments will become a matter of public record.
Dated at Washington, DC, this 6th day of March, 2008.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E8-4756 Filed 3-10-08; 8:45 am]
BILLING CODE 6714-01-P