[Federal Register Volume 84, Number 175 (Tuesday, September 10, 2019)]
[Notices]
[Pages 47516-47517]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-19489]
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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 Notice of Branch Closure (FR 4031; OMB No. 7100-0264).
DATES: Comments must be submitted on or before November 12, 2019.
ADDRESSES: You may submit comments, identified by FR 4031, 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.
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 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 identifying or contact
information. Public comments may also be viewed electronically or in
paper form 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 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 https://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.
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 information collection, including the validity of the
methodology and assumptions used;
[[Page 47517]]
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: Notice of Branch Closure.
Agency form number: FR 4031.
OMB control number: 7100-0264.
Frequency: On occasion.
Respondents: State member banks (SMBs).
Estimated number of respondents: Reporting: regulatory notice, 91;
Disclosure: customer mailing, 91 and posted notice, 91; Recordkeeping:
adoption of policy, 1.
Estimated average hours per response: Reporting: regulatory notice,
2 hours; Disclosure: customer mailing, 0.75 hour and posted notice,
0.25 hour; Recordkeeping: adoption of policy, 8 hours.
Estimated annual burden hours: Reporting: regulatory notice, 182
hours; Disclosure: customer mailing, 68 hours and posted notice, 23
hours; and Recordkeeping: adoption of policy, 8 hours.
General description of report: The reporting, recordkeeping, and
disclosure requirements regarding the closing of any branch of an
insured depository institution are contained in section 42 of the
Federal Deposit Insurance Act (FDI Act), as supplemented by an
interagency policy statement on branch closings. There is no reporting
form associated with the reporting portion of this information
collection; SMBs notify their appropriate Reserve Bank by letter prior
to closing a branch.
Legal authorization and confidentiality: The FR 4031 is authorized
pursuant to Section 42(a)(1) of the FDI Act and section 11 of the
Federal Reserve Act, which authorizes the Board to require SMBs to
submit information as the Board deems necessary.\1\ The reporting
requirements associated with FR 4031 are mandatory. Generally,
individual respondent data submitted pursuant to the FR 4031 is not
considered to be confidential; however, a state member bank may request
confidential treatment pursuant to exemption 4 of the Freedom of
Information Act, which protects trade secrets and privileged or
confidential commercial or financial information.\2\
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\1\ 12 U.S.C. 1831r-1(a)(1); 12 U.S.C. 248(a).
\2\ 5 U.S.C. 552(b)(4).
Board of Governors of the Federal Reserve System, September 4,
2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-19489 Filed 9-9-19; 8:45 am]
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