Notice2022-22241
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
October 13, 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 Notice of Branch Closure (FR 4031; OMB No. 7100-0264).
Full Text
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<title>Federal Register, Volume 87 Issue 197 (Thursday, October 13, 2022)</title>
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[Federal Register Volume 87, Number 197 (Thursday, October 13, 2022)]
[Notices]
[Pages 62100-62101]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-22241]
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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 December 12, 2022.
ADDRESSES: You may submit comments, identified by FR 4031, 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#5f2d3a382c713c3032323a312b2c1f393a3b3a2d3e332d3a2c3a2d293a71383029"><span class="__cf_email__" data-cfemail="a3d1c6c4d08dc0cccecec6cdd7d0e3c5c6c7c6d1c2cfd1c6d0c6d1d5c68dc4ccd5">[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: Federal Reserve Board of Governors, Attn: Ann E.
Misback, Secretary of the Board, Mailstop M-4775, 2001 C St. 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,
[[Page 62101]]
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
Collection title: Notice of Branch Closure.
Collection identifier: FR 4031.
OMB control number: 7100-0264.
Frequency: Annually.
Respondents: State member banks (SMBs).
Estimated number of respondents: Regulatory notice, 103; Adoption
of policy, 1; Customer mailing, 103; and Posted notice, 103.
Estimated average hours per response: Regulatory notice, 2;
Adoption of policy, 8; Customer mailing, 0.75; and Posted notice, 0.25.
Estimated annual burden hours: Regulatory notice, 206; Adoption of
policy, 8; Customer mailing, 77; and Posted notice, 26.
General description of collection: 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. The Board uses the
information in the FR 4031 to fulfill its statutory obligation to
supervise SMBs.
Legal authorization and confidentiality: The FR 4031 is authorized
pursuant to Section 42(a)(1) of the FDI Act, which requires insured
depository institutions to submit notices to the appropriate Federal
banking agency related to proposed branch closures, and section 11 of
the Federal Reserve Act, which authorizes the Board to require state
member banks to submit information as the Board deems necessary. The
requirements associated with FR 4031 are mandatory.
Generally, information collected pursuant to the FR 4031 is not
considered to be confidential. However, an insured 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.\1\
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\1\ 5 U.S.C. 552(b)(4).
Board of Governors of the Federal Reserve System, October 7,
2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-22241 Filed 10-12-22; 8:45 am]
BILLING CODE P
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