Notice2022-03485
Proposed Agency Information Collection Activities; Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 18, 2022
Issuing agencies
Federal Reserve System
Abstract
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).
Full Text
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<title>Federal Register, Volume 87 Issue 34 (Friday, February 18, 2022)</title>
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[Federal Register Volume 87, Number 34 (Friday, February 18, 2022)]
[Notices]
[Pages 9348-9349]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-03485]
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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 April 19, 2022.
ADDRESSES: You may submit comments, identified by FR 4014, by any of
the following methods:
<bullet> Agency Website: <a href="https://www.federalreserve.gov/">https://www.federalreserve.gov/</a>. Follow
the instructions for submitting comments at <a href="https://www.federalreserve.gov/apps/foia/proposedregs.aspx">https://www.federalreserve.gov/apps/foia/proposedregs.aspx</a>.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#1d6f787a6e337e7270707873696e5d7b7879786f7c716f786e786f6b78337a726b"><span class="__cf_email__" data-cfemail="1a687f7d6934797577777f746e695a7c7f7e7f687b76687f697f686c7f347d756c">[email protected]</span></a>. Include the OMB
number or FR number in the subject line of the message.
<bullet> Fax: (202) 452-3819 or (202) 452-3102.
<bullet> 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
<a href="https://www.federalreserve.gov/apps/foia/proposedregs.aspx">https://www.federalreserve.gov/apps/foia/proposedregs.aspx</a> 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 <a href="https://www.federalreserve.gov/apps/reportforms/review.aspx">https://www.federalreserve.gov/apps/reportforms/review.aspx</a> or may be requested
from the agency clearance officer, whose name appears above. Final
versions of these documents will be made available at <a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a>, 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.
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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).
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
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