[Federal Register Volume 84, Number 155 (Monday, August 12, 2019)]
[Notices]
[Pages 39849-39850]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-17188]


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FEDERAL RESERVE SYSTEM


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

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
is adopting a proposal to extend for three years, without revision, the 
Investment in Bank Premises Notification (FR 4014; OMB No. 7100-0139).

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, Washington, DC 20551, (202) 
452-3829.
    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.

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 collection of information requests and 
requirements conducted or sponsored by the Board. Board-approved 
collections of information are incorporated into the official OMB 
inventory of currently approved collections of information. Copies of 
the PRA Submission, supporting statements and approved collection of 
information instrument(s) are placed into OMB's public docket files. 
The Board 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.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, Without Revision, of 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.
    General description of report: The Federal Reserve Act (FRA) and 
the Board's Regulation H require 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.

[[Page 39850]]

    Legal authorization and confidentiality: The FR 4014 is authorized 
by section 24A(a) of the FRA, which requires that state member banks 
obtain prior Board approval before investing in bank premises that 
exceed 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 \2\ and the 
Board's rules regarding availability of information.\3\
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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)).
    \2\ 5 U.S.C. 552.
    \3\ 12 CFR 261.
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    Current actions: On April 12, 2019, the Board published a notice in 
the Federal Register (84 FR 14938) requesting public comment for 60 
days on the extension, without revision, of the FR 4014. The comment 
period for this notice expired on June 11, 2019. The Board did not 
receive any comments.

    Board of Governors of the Federal Reserve System, August 7, 
2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-17188 Filed 8-9-19; 8:45 am]
 BILLING CODE 6210-01-P