[Federal Register Volume 87, Number 34 (Friday, February 18, 2022)]
[Notices]
[Pages 9348-9349]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-03485]


-----------------------------------------------------------------------

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 Investment in Bank Premises Notification (FR 4014; OMB 
No. 7100-0139).

DATES: Comments must be submitted on or before April 19, 2022.

ADDRESSES: You may submit comments, identified by FR 4014, 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 the OMB 
number or FR 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 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. 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) 395-6974.

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.

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, and other documentation, will 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 above. 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

    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: 8.
    Estimated average hours per response: 0.5.
    Estimated annual burden hours: 4.
    General description of report: The Federal Reserve Act (FRA) 
requires a state member bank to seek prior approval of the Board before 
making an investment in bank premises or the securities of a 
corporation holding its bank premises in certain circumstances. The 
Board has implemented this requirement in its Regulation H--Membership 
of State Banking Institutions in the Federal Reserve System (12 CFR 
part 208), which requires a state member bank seeking to make such an 
investment to provide prior notice to the appropriate Federal Reserve 
Bank. The Federal Reserve uses the information provided in the notice 
to determine whether to object to the proposed investment.

[[Page 9349]]

    Legal authorization and confidentiality: The FR 4014 is authorized 
by section 24A(a) of the FRA, which requires that state member banks 
obtain Board approval prior to investing in bank premises that exceed 
statutory thresholds.\1\ The FR 4014 is additionally authorized by 
section 11 of the FRA, which authorizes the Board to require such 
statements and reports of state member banks as the Board may deem 
necessary.\2\ The FR 4014 is required to obtain a benefit.
---------------------------------------------------------------------------

    \1\ 12 U.S.C. 371d(a).
    \2\ 12 U.S.C. 248(a)(1).
---------------------------------------------------------------------------

    The information contained on the FR 4014 is not considered 
confidential unless an applicant requests confidential treatment in 
accordance with the Board's Rules Regarding Availability of 
Information.\3\ Requests for confidential treatment of information are 
reviewed on a case-by-case basis. Information provided on the FR 4014 
may be exempt from disclosure pursuant to exemption 4 of the Freedom of 
Information Act (FOIA) if it is nonpublic commercial or financial 
information, which is both customarily and actually treated as private 
by the respondent.\4\
---------------------------------------------------------------------------

    \3\ 12 CFR 261.17.
    \4\ 5 U.S.C. 552(b)(4).

    Board of Governors of the Federal Reserve System, February 14, 
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-03485 Filed 2-17-22; 8:45 am]
BILLING CODE 6210-01-P