[Federal Register Volume 84, Number 71 (Friday, April 12, 2019)]
[Notices]
[Pages 14938-14939]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-07274]
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FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice, request for comment.
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SUMMARY: The Board of Governors of the Federal Reserve System (Board)
invites comment on a proposal to extend for three years, without
revision, the Investment in Bank Premises Notification (FR 4014; OMB
No. 7100-0139).
DATES: Comments must be submitted on or before June 11, 2019.
ADDRESSES: You may submit comments, identified by FR 4014, by any of
the following methods:
Agency website: http://www.federalreserve.gov. Follow the
instructions for submitting comments at http://www.federalreserve.gov/apps/foia/proposedregs.aspx.
Email: [email protected]. Include OMB
number in the subject line of the message.
FAX: (202) 452-3819 or (202) 452-3102.
Mail: Ann E. Misback, Secretary, Board of Governors of the
Federal Reserve System, 20th Street and Constitution Avenue NW,
Washington, DC 20551.
All public comments are available on the Board's website at http://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, unless
modified for technical reasons. Accordingly, your comments will not be
edited to remove any identifying or contact information. Public
comments may also be viewed electronically or in paper in Room 146,
1709 New York Avenue NW, Washington, DC 20006, between 9:00 a.m. and
5:00 p.m. on weekdays. 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--Shagufta Ahmed--
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) 395-6974.
FOR FURTHER INFORMATION CONTACT: A copy of the Paperwork Reduction Act
(PRA) OMB submission, including the proposed reporting form and
instructions, supporting statement, and other documentation will be
placed into OMB's public docket files, if approved. These documents
will also be made available on the Board's public website at http://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested
from the agency clearance officer, whose name appears below.
Federal Reserve Board Clearance Officer--Nuha Elmaghrabi--Office of
the Chief Data Officer, 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.
SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board
authority under the PRA to approve and assign OMB control numbers to
collection of information requests and requirements 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.
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
[[Page 14939]]
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
Report title: Investment in Bank Premises Notification.
Agency form number: FR 4014.
OMB control number: 7100-0139.
Frequency: Event generated.
Respondents: State member banks.
Estimated number of respondents: 15.
Estimated average hours per response: 30 minutes.
Estimated annual burden hours: 8 hours.
General description of report: The Board requires a state member
bank to seek the prior approval of the appropriate Federal Reserve Bank
before making an investment in bank premises that exceeds certain
thresholds. There is no required reporting form (the FR 4014
designation is for internal purposes only), and each request for prior
approval must be filed with the Reserve Bank that has direct
supervisory responsibility for the requesting state member bank. The
Federal Reserve uses the information provided in the notice to
supervise state member banks.
Legal authorization and confidentiality: The FR 4014 is authorized
by section 24A(a) of the Federal Reserve Act, which requires that state
member banks obtain prior Board approval before making an investment in
bank premises that exceeds certain statutory thresholds.\1\ The FR 4014
notification is required to obtain a benefit because banks wanting to
make an investment in bank premises that exceed a certain threshold are
required to notify the Federal Reserve. Generally, respondent data
would not be confidential; however, individual respondents may request
that the data be kept confidential on a case-by-case basis. If a
respondent requests confidential treatment, the Board will determine
whether the information is entitled to confidential treatment on an ad
hoc basis in connection with the request. Any such determination will
be made in accordance with the Freedom of Information Act (5 U.S.C.
552) and the Board's rules regarding availability of information (12
CFR 261).
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\1\ 12 U.S.C. 371d(a). The Board has the authority to require
state member banks to submit information as the Board deems
necessary (12 U.S.C. 248(a)).
Board of Governors of the Federal Reserve System, April 9, 2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-07274 Filed 4-11-19; 8:45 am]
BILLING CODE 6210-01-P