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 equally 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 information
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 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
243
0
0
7,290
0
0
0
0
0
DEPOSITORY INSTITUTIONS SUBJECT TO THE
ACT ANNUALLY DISCLOSE BY CENSUS TRACT OR 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, AD 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.