[Federal Register Volume 87, Number 127 (Tuesday, July 5, 2022)]
[Notices]
[Page 39833]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-14216]


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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 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.

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. Board-approved collections of information are 
incorporated into the official OMB inventory of currently approved 
collections of information. The OMB inventory, as well as copies of the 
PRA Submission, supporting statements, and approved collection of 
information instrument(s) are available at https://www.reginfo.gov/public/do/PRAMain. These documents are also available on the Federal 
Reserve 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 Approval Under OMB Delegated Authority of the Extension for Three 
Years, Without Revision, of the Following Information Collection

    Collection title: Investment in Bank Premises Notification.
    Collection identifier: 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 collection: 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.
    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.
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    \1\ 12 U.S.C. 371d(a).
    \2\ 12 U.S.C. 248(a)(1).
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    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\
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    \3\ 12 CFR 261.17.
    \4\ 5 U.S.C. 552(b)(4).
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    Current actions: On February 18, 2022, the Board published a notice 
in the Federal Register (87 FR 9348) requesting public comment for 60 
days on the extension, without revision, of the Investment in Bank 
Premises Notification. The comment period for this notice expired on 
April 19, 2022. The Board did not receive any comments.

    Board of Governors of the Federal Reserve System, June 29, 2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-14216 Filed 7-1-22; 8:45 am]
BILLING CODE 6210-01-P