On 9/9/81 the
FRB submitted and subsequently received OMB approval for use of the
HMDA-1 form. The FRB submission covered only State chartered banks
under its supervision although the form is also required of other
depository institutions under the supervision of the FDIC, FHLBB,
OCC, and the NCUA. After consultations with the agencies, OMB has
assigned each agency the responses and burden hours imposed on the
depository institutions it supervises. This infromation collection
is approved through 9/84 and the agency may use OMB control number
7100-0090 provided to the FRB. The agency may wish to validate the
burden estimate contained in this information requirement. The
current burden estimate is derived from the FRB's submission on
average response time and estimates of the number of respondents
under each agency's supervision. The supporting statement provided
by the FRB provides a sufficient record for determining the need
for the HMDA-1 by the FRB and other agencies.
Inventory as of this Action
Requested
Previously Approved
09/30/1984
09/30/1984
2,262
0
0
67,860
0
0
0
0
0
DEPOSITORY INSTITUTIONS SUBJECT TO THE
ACT ANNUALLY DISCLOSE BY CENSUS TRACT O COUNTY ORIGINATED AND
PURCHASED RESIDENTIAL MORTGAGE LOANS. DISCLOSURES PUBLICLY
AVAILABLE AT THE BANK FOR 5 YEARS AND AT THE SMSA CENTRAL DATA
REPOSITORY. PUBLIC OFFICIALS, EXAMINERS, AND THE PUBLIC USE THE
DISCLOSURE TO DETERMINE LENDING PATTERNS IN HOME FINANCING AND TO
DETECT DISCRIMINATION AMONG OTHER THINGS.
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.