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 approval of the information collection system
Type of Review: Renewal of a currently approved collection.
Title: Recordkeeping and disclosure requirements in connection with
Regulation B (Equal Credit Opportunity).
OMB Number: 3064-0085.
Annual Burden: Estimated annual number of respondents: 6,100;
Estimated time per response: 43 hours; Average annual burden hours:
Expiration Date of OMB Clearance: September 30, 1998.
OMB Reviewer: Alexander T. Hunt, (202) 395-7860, Office of
Management and Budget, Office of Information and Regulatory Affairs,
Washington, DC 20503.
FDIC Contact: Tamara R. Manly, (202) 898-7453, Office of the
Executive Secretary, Room F-4058, Federal Deposit Insurance
Corporation, 550 17th Street NW, Washington, DC 20429.
Comments: Comments on this collection of information are welcome
and should be submitted on or before August 27, 1998 to both the OMB
reviewer and the FDIC contact listed above.
ADDRESSES: Information about this submission, including copies of the
proposed collection of information, may be obtained by calling or
writing the FDIC contact listed above.
SUPPLEMENTARY INFORMATION: Regulation B (12 CFR 202) 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. Regulation B is issued by the Board of Governors of the
Federal Reserve System (``FRB'') under the authority of Title VII of
the Consumer Credit Protect Act (15 U.S.C. 1691 et seq.). Section 703
of the Act (15 U.S.C. 1691b) designates the FRB as the issuer of the
implementing regulations, and section 704(a) of the Act (15 U.S.C.
1691c) designates the FDIC as having the enforcement responsibilities
in the case of insured nonmember banks.
Dated: July 22, 1998.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
[FR Doc. 98-20059 Filed 7-27-98; 8:45 am]
BILLING CODE 6714-01-M