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FDIC Federal Register Citations

[Federal Register: September 27, 2004 (Volume 69, Number 186)]
[Notices]
[Page 57705-57706]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr27se04-58]

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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.

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SUMMARY: In accordance with requirements of the Paperwork Reduction Act
of 1995 (44 U.S.C. 3501 et seq.), 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 four 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); (3) Recordkeeping and
Disclosure Requirements in Connection with Regulation E (Electronic
Fund Transfers), and (4) Recordkeeping and Disclosure Requirements in
Connection with Regulation B (Equal Credit Opportunity).

COMMENTS: Comments on this collection of information are welcome and
should be submitted on or before October 27, 2004, to both the OMB
reviewer and the FDIC contact listed below.

ADDRESSES: Interested parties are invited to submit written comments to
Thomas Nixon, Legal Division, Federal Deposit Insurance Corporation,
550 17th Street, NW., Washington, DC 20429. 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 should also be submitted to the OMB desk officer for the FDIC:
Mark Menchik, Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Washington, DC
20503.

SUPPLEMENTARY 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.
General Description of Collection: Regulation Z (12 CFR part 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. Regulation Z requires disclosures of the costs and
terms of credit to consumers.
Estimated Number of Respondents: 4,941.
Estimated Annual Burden: 2,373,600 hours.
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.
General Description of Collection: Regulation M (12 CFR part 213),
issued by the Board of Governors of the Federal Reserve System,
implements the

[[Page 57706]]

consumer leasing provisions of the Truth in Lending Act. Regulation M
provides consumers with disclosures about the costs and terms of leases
for personal property.
Estimated Number of Respondents: 1,755.
Total Annual Burden: 131,625 hours.
3. Title: Recordkeeping and Disclosure Requirements in Connection
with Regulation E (Electronic Fund Transfers).
OMB Number: 3064-0084.
Frequency of Response: On occasion.
Affected Public: State nonmember banks offering electronic fund
transfer services.
General Description of Collection: Regulation E (12 CFR part 205),
issued by the Board of Governors of the Federal Reserve System,
establishes the rights, liabilities, and responsibilities of consumers
who use electronic fund transfer services and of financial institutions
that offer these services. Regulation E requires disclosure of basic
terms, costs, and rights relating to electronic fund transfer services
to consumers.
Estimated Number of Respondents: 5,318.
Total Annual Burden: 531,357 hours.
4. 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.
General Description of Collection: Regulation B (12 CFR part 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 disclosures and recordkeeping requirements to implement those
prohibitions.
Estimated Number of Respondents: 5,318.
Total Annual Burden: 717,642 hours.

Dated: September 20, 2004.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 04-21602 Filed 9-24-04; 8:45 am]

BILLING CODE 6714-01-P

Last Updated 10/01/2004 regs@fdic.gov