Billing Code 6210-01-P
FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment Request
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice, request for comment.
SUMMARY: The Board of Governors of the Federal Reserve System (Board) invites comment
on a proposal to extend for three years, without revision, the Recordkeeping and Disclosure
Requirements Associated with Consumer Financial Protection Bureau’s (CFPB’s) Regulation B
(FR B; OMB No. 7100-0201).
DATES: Comments must be submitted on or before [INSERT DATE 60 DAYS AFTER DATE
OF PUBLICATION IN THE FEDERAL REGISTER].
ADDRESSES: You may submit comments, identified by FR B, by any of the following
methods:
•

Agency Website: https://www.federalreserve.gov/. Follow the instructions for submitting
comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.

•

E-mail: regs.comments@federalreserve.gov. Include the OMB number or FR number in the
subject line of the message.

•

FAX: (202) 452-3819 or (202) 452-3102.

•

Mail: Federal Reserve Board of Governors, Attn: Ann E. Misback, Secretary of the Board,
Mailstop M-4775, 2001 C St NW, Washington, DC 20551.
All public comments are available from the Board’s website at

https://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, unless modified for
technical reasons or to remove personally identifiable information at the commenter’s request.
Accordingly, comments will not be edited to remove any confidential business information,
identifying information, or contact information. Public comments may also be viewed
electronically or in paper in Room M-4365A, 2001 C St NW, Washington, DC 20551, between

9:00 a.m. and 5:00 p.m. on weekdays, except for Federal holidays. For security reasons, the
Board requires that visitors make an appointment to inspect comments. You may do so by calling
(202) 452-3684. Upon arrival, visitors will be required to present valid government-issued photo
identification and to submit to security screening in order to inspect and photocopy comments.
Additionally, commenters may send a copy of their comments to the Office of
Management and Budget (OMB) Desk Officer for the Federal Reserve Board, Office of
Information and Regulatory Affairs, Office of Management and Budget, New Executive Office
Building, Room 10235, 725 17th Street, NW, Washington, DC 20503, or by fax to (202) 3956974.
FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer –
Nuha Elmaghrabi – Office of the Chief Data Officer, Board of Governors of the Federal Reserve
System, nuha.elmaghrabi@frb.gov, (202) 452-3884.
SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board
authority under the Paperwork Reduction Act (PRA) to approve and assign OMB control
numbers to collections of information conducted or sponsored by the Board. In exercising this
delegated authority, the Board is directed to take every reasonable step to solicit comment. In
determining whether to approve a collection of information, the Board will consider all
comments received from the public and other agencies.
During the comment period for this proposal, a copy of the proposed PRA OMB
submission, including the draft reporting form and instructions, supporting statement (which
contains more detail about the information collection and burden estimates than this notice), and
other documentation, will be made available on the Board’s public website at
https://www.federalreserve.gov/apps/reportingforms/home/review or may be requested from the
agency clearance officer, whose name appears above. On the page displayed at the link above,
you can find the supporting information by referencing the collection identifier, FR B. Final

versions of these documents will be made available at
https://www.reginfo.gov/public/do/PRAMain, if approved.
Request for Comment on Information Collection Proposal
The Board invites public comment on the following information collection, which is being
reviewed under authority delegated by the OMB under the PRA. Comments are invited on the
following:
a. Whether the proposed collection of information is necessary for the proper performance
of the Board’s functions, including whether the information has practical utility;
b. The accuracy of the Board’s estimate of the burden of the proposed information
collection, including the validity of the methodology and assumptions used;
c. Ways to enhance the quality, utility, and clarity of the information to be collected;
d. Ways to minimize the burden of information collection on respondents, including through
the use of automated collection techniques or other forms of information technology; and
e. Estimates of capital or startup costs and costs of operation, maintenance, and purchase of
services to provide information.
At the end of the comment period, the comments and recommendations received will be
analyzed to determine the extent to which the Board should modify the proposal.
Proposal under OMB Delegated Authority to Extend for Three Years, Without Revision,
the Following Information Collection
Collection title: Recordkeeping and Disclosure Requirements Associated with CFPB’s
Regulation B.
Collection identifier: FR B.
OMB control number: 7100-0201.
General description of collection: The Equal Credit Opportunity Act (ECOA) was enacted in
1974 and is implemented by the CFPB’s Regulation B. The ECOA prohibits discrimination in
any aspect of a credit transaction because of race, color, religion, national origin, sex, marital

status, age, receipt of public assistance, or the fact that the applicant has in good faith exercised
any right under the Consumer Credit Protection Act. To aid in implementation of this
prohibition, the statute and Regulation B subject creditors to various mandatory disclosure
requirements, notification provisions informing applicants of action taken on credit applications,
provision of appraisal reports in connection with mortgages, credit history reporting, monitoring
rules, and recordkeeping requirements. The FR B is the Board’s information collection
associated with the CFPB’s Regulation B for institutions the Board supervises.
Frequency: Event generated and annually.
Respondents: Except those entities supervised by the CFPB, state member banks; subsidiaries of
state member banks; subsidiaries of bank holding companies; U.S. branches and agencies of
foreign banks (other than Federal branches, Federal agencies, and insured state branches of
foreign banks); commercial lending companies owned or controlled by foreign banks; and
organizations operating under section 25 or 25A of the Federal Reserve Act.
Total estimated number of respondents: 841.
Total estimated annual burden hours: 81,346.
Board of Governors of the Federal Reserve System, June 25, 2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.

[FR Doc. 2024-14372 Filed: 6/28/2024 8:45 am; Publication Date: 7/1/2024]