[Federal Register Volume 76, Number 149 (Wednesday, August 3, 2011)]
[Notices]
[Pages 46807-46808]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-19562]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

SUMMARY:

Background

    Notice is hereby given of the final approval of proposed 
information collections by the Board of Governors of the Federal 
Reserve System (Board) under OMB delegated authority, as per 5 CFR 
1320.16 (OMB Regulations on Controlling Paperwork Burdens on the 
Public). Board-approved collections of information are incorporated 
into the official OMB inventory of currently approved collections of 
information. Copies of the Paperwork Reduction Act Submission, 
supporting statements and approved collection of information 
instruments are placed into OMB's public docket files. The Federal 
Reserve may not conduct or sponsor, and the respondent is not required 
to respond to, an information collection that has been extended, 
revised, or implemented on or after October 1, 1995, unless it displays 
a currently valid OMB control number.

FOR FURTHER INFORMATION CONTACT: Acting Federal Reserve Board Clearance 
Officer--Cynthia Ayouch--Division of Research and Statistics, Board of 
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829). Telecommunications Device for the Deaf (TDD) users may contact 
(202-263-4869), Board of Governors of the Federal Reserve System, 
Washington, DC 20551.
OMB Desk Officer--Shagufta Ahmed--Office of Information and Regulatory 
Affairs, Office of Management and Budget, New Executive Office 
Building, Room 10235, Washington, DC 20503.

    Final approval under OMB delegated authority of the extension for 
three years, without revision, of the following reports:
    Report title: Notifications Related to Community Development and 
Public Welfare Investments of State Member Banks.
    Agency form number: FR H-6.
    OMB control number: 7100-0278.
    Frequency: Event-generated.
    Reporters: State member banks.
    Estimated annual reporting hours: 11 hours.
    Estimated average hours per response: Post Notification, 2 hours; 
Application (Prior Approval) 2 hours; and Extension of divestiture 
period, 5 hours.
    Number of respondents: Post Notification, 2; Application (Prior 
Approval), 1; and Extension of divestiture period, 1.
    General description of report: This information collection is 
required to obtain a benefit (12 U.S.C. 338a, and 12 CFR 208.22). 
Individual respondent data generally are not regarded as confidential, 
but information that is proprietary or concerns examination ratings 
would be considered confidential pursuant to Freedom of Information Act 
(FOIA) Exemption 8. In addition, if the respondent can establish the 
potential for substantial competitive harm, such information would be 
protected from disclosure pursuant to FOIA Exemption 4. The 
confidentiality status would be determined on a case-by-case basis.
    Abstract: Regulation H requires state member banks that want to 
make community development or public welfare investments to comply with 
the Regulation H notification requirements: (1) If the investment does 
not require prior Board approval, a written notice must be sent to the 
appropriate Federal Reserve Bank; (2) if certain criteria are not met, 
a request for approval must be sent to the appropriate Federal Reserve 
Bank; and, (3) if the Board orders divestiture but the bank cannot 
divest within the established time limit, a request or requests for 
extension of the divestiture period must be submitted to the 
appropriate Federal Reserve Bank.
    Current Actions: On May 10, 2011, the Federal Reserve published a 
notice in the Federal Register (76 FR 27054) requesting public comment 
for 60 days on the extension, without revision, of the FR H-6. The 
comment period for this notice expired on July 11, 2011. The Federal 
Reserve did not receive any comments.
    2. Report title: Application for Membership in the Federal Reserve 
System.
    Agency form number: FR 2083, 2083A, 2083B, and 2083C.
    OMB control number: 7100-0046.
    Frequency: On occasion.
    Reporters: Newly organized banks that seek to become state member 
banks, or existing banks or savings institutions that seek to convert 
to state member bank status.
    Estimated annual reporting hours: 168 hours.
    Estimated average hours per response: 4 hours.
    Number of respondents: 42
    General description of report: This information collection is 
authorized by Section 9 of the Federal Reserve Act (12 U.S.C. 321, 322, 
and 333) and is required to obtain or retain a benefit. Most individual 
respondent data are not considered confidential. Applicants may, 
however, request that parts of their membership applications be kept 
confidential, but in such cases the Applicant must justify its request 
by demonstrating how an exemption under the Freedom of Information Act 
(FOIA) is satisfied. The confidentiality status of the information 
submitted will be judged on a case-by-case basis
    Abstract: The application for membership is a required one-time 
submission that collects the information necessary for the Federal 
Reserve to evaluate the statutory criteria for admission of a new or 
existing state bank into membership in the Federal Reserve System. The 
application collects managerial, financial, and structural data.
    Current Actions: On May 10, 2011, the Federal Reserve published a 
notice in the Federal Register (76 FR 27054) requesting public comment 
for 60 days on the extension, without revision, of the FR 2083, 2083A, 
2083B and FR 2083C. The comment period for this notice expired on July 
11, 2011. The Federal Reserve did not receive any comments.
    3. Report title: Applications for Subscription to, Adjustment in 
the Holding of, and Cancellation of Federal Reserve Bank Stock.
    Agency form number: FR 2030, FR 2030a, FR 2056, FR 2086, FR 2086a, 
FR 2087.
    OMB control number: 7100-0042.
    Frequency: On occasion.
    Reporters: National, state member, and nonmember banks.
    Estimated annual reporting hours: FR 2030: 10 hours; FR 2030a: 16 
hours; FR

[[Page 46808]]

2056: 517 hours; FR 2086: 1 hour; FR 2086a: 11 hours FR 2087: 1 hour.
    Estimated average hours per response: .5 hours.
    Number of respondents: FR 2030: 20; FR 2030a: 31; FR 2056: 1,034; 
FR 2086: 1; FR 2086a: 22; FR 2087: 2.
    General description of report: These information collections are 
mandatory.
     FR 2030 and FR 2030a: (12 U.S.C. 222, 282, 248(a) and 
321).
     FR 2056: (12 U.S.C. 287, 248(a) and (i)).
     FR 2086: (12 U.S.C. 287, 248(a) and (i)).
     FR 2086a: (12 U.S.C. 321, 287, 248(a)).
     FR 2087: (12 U.S.C. 288, 248(a) and (i)).
    Most individual respondent data are not considered confidential. 
Applicants may request that parts of their membership applications be 
kept confidential. Any request for confidentiality must be accompanied 
by a detailed justification for confidentiality. The confidentiality 
status of the information submitted will be judged on a case-by-case 
basis.
    Abstract: These application forms are required by the Federal 
Reserve Act and Regulation I. These forms must be used by a new or 
existing member bank (including a national bank) to request the 
issuance, and adjustment in, or cancellation of Federal Reserve Bank 
stock. The forms must contain certain certifications by the applicants, 
as well as certain other financial and shareholder data that is needed 
by the Federal Reserve to process the request.
    Current Actions: On May 10, 2011, the Federal Reserve published a 
notice in the Federal Register (76 FR 27054) requesting public comment 
for 60 days on the extension, without revision, of the FR 2030, FR 
2030a, FR 2056, FR 2086, FR 2086a, and FR 2087. The comment period for 
this notice expired on July 11, 2011. The Federal Reserve did not 
receive any comments.

    Board of Governors of the Federal Reserve System, July 28, 2011.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2011-19562 Filed 8-2-11; 8:45 am]
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