Reporting and Disclosure Requirements of the Community Reinvestment Act-Related Agreements (Regulation G)

Forms and Documents

Document Name	Status
RegG_20160128_omb.pdf Supporting Statement A	2016-01-28

IC Document Collections

IC ID	Document Title	Status
45463	NGEP - Disclosure of CRA-Related Agreements	Removed
45462	NGEP - Filing Annual Report of CRA-Related Agreements	Removed
45461	IDI & Affiliates - Annual Reporting of CRA-Related Agreements	Removed
45460	IDI & Affiliate - Reporting to Agencies of CRA-Related Agreements	Removed
36352	Disclosure burden for IDI and affiliates - Covered agreements to public (Section 207.6(b)(1))	Modified
219486	Reporting burden for NGEP - Annual Report (Section 207.7(b))	New
219485	Reporting burden for NGEP - Copy of agreements to agency (Section 207.6(c)(1))	New
219484	Disclosure burden for NGEP - Covered agreements to public (Section 207.6(b)(1))	New
219482	Reporting burden for IDI and affiliates - Filing NGEP annual report (Section 207.7(f)(2)(ii))	New
219481	Reporting burden for IDI and affilitates - Annual Report (Section 207.7(b))	New
219480	Reporting burden for IDI and affiliates - List of agreements to agency (Section 207.6(d)(1)(ii))	New
219478	Reporting burden for IDI and affiliates - Copy of agreements to agency (Section 207.6(d)(1)(i))	New
219477	Disclosure burden for IDI and affiliates - Agreements relating to activities of CRA affiliates (Section 207.4(b))	New
205108	NGEP - Annual Report of CRA-Related Agreements	Removed
205107	NGEP - Reporting of CRA related Agreements	Removed

ICR Details

OMB Control No: 7100-0299	ICR Reference No: 201601-7100-002
Status: Historical Active	Previous ICR Reference No: 201212-7100-010
Agency/Subagency: FRS	Agency Tracking No: Reg G
Title: Reporting and Disclosure Requirements of the Community Reinvestment Act-Related Agreements (Regulation G)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/28/2016
	Date Received in OIRA: 01/28/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2019	36 Months From Approved	01/31/2016
Responses	54	0	51
Time Burden (Hours)	78	0	78
Cost Burden (Dollars)	0	0	0

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Abstract: Regulation G implements provisions of the Gramm-Leach-Bliley Act (GLBA) that require reporting and public disclosure of written agreements between (1) insured depository institutions (IDIs) or their affiliates and (2) nongovernmental entities or persons (NGEPs), that are made in connection with the fulfillment of Community Reinvestment Act of 1977 (CRA) requirements. The GLBA requires both IDIs and NGEPs to make a copy of any CRA-Related agreement available upon request, and file an annual report with each relevant supervisory agency regarding the use of funds under such agreement for that fiscal year. In addition, an IDI and affiliate must provide to the relevant supervisory agency each calendar quarter a list of all CRA-related agreements entered into during the quarter with a copy of the agreement.

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Authorizing Statute(s): US Code: 12 USC 1831y Name of Law: Federal Deposit Insurance Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 57374	09/23/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 76490	12/09/2015
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 9

IC Title	Form No.	Form Name
Disclosure burden for IDI and affiliates - Agreements relating to activities of CRA affiliates (Section 207.4(b))
NGEP - Disclosure of CRA-Related Agreements
IDI & Affiliate - Reporting to Agencies of CRA-Related Agreements
NGEP - Filing Annual Report of CRA-Related Agreements
Reporting burden for NGEP - Copy of agreements to agency (Section 207.6(c)(1))
Reporting burden for NGEP - Annual Report (Section 207.7(b))
NGEP - Annual Report of CRA-Related Agreements
Reporting burden for IDI and affilitates - Annual Report (Section 207.7(b))
Reporting burden for IDI and affiliates - List of agreements to agency (Section 207.6(d)(1)(ii))
Reporting burden for IDI and affiliates - Copy of agreements to agency (Section 207.6(d)(1)(i))
Reporting burden for IDI and affiliates - Filing NGEP annual report (Section 207.7(f)(2)(ii))
Disclosure burden for IDI and affiliates - Covered agreements to public (Section 207.6(b)(1))
Disclosure burden for NGEP - Covered agreements to public (Section 207.6(b)(1))
IDI & Affiliates - Annual Reporting of CRA-Related Agreements
NGEP - Reporting of CRA related Agreements

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	54	51	0	0	3	0
Annual Time Burden (Hours)	78	78	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 01/28/2016

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