81 FR 42359 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 125 (June 29, 2016)

Notice is hereby given of the final approval of a proposed information collection by the Board of Governors of the Federal Reserve System (Board) under OMB delegated authority. Board-approved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the Paperwork Reduction Act Submission, supporting statements and approved collection of information instrument(s) are placed into OMB's public docket files. The Federal Reserve may not conduct or sponsor, and the respondent is not required to respond to, an information collection that has been extended, revised, or implemented on or after October 1, 1995, unless it displays a currently valid OMB control number.

[Federal Register Volume 81, Number 125 (Wednesday, June 29, 2016)]
[Notices]
[Pages 42359-42360]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-15326]


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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: Notice is hereby given of the final approval of a proposed 
information collection by the Board of Governors of the Federal Reserve 
System (Board) under OMB delegated authority. Board-approved 
collections of information are incorporated into the official OMB 
inventory of currently approved collections of information. Copies of 
the Paperwork Reduction Act Submission, supporting statements and 
approved collection of information instrument(s) are placed into OMB's 
public docket files. The Federal Reserve may not conduct or sponsor, 
and the respondent is not required to respond to, an information 
collection that has been extended, revised, or implemented on or after 
October 1, 1995, unless it displays a currently valid OMB control 
number.

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. Telecommunications Device for the Deaf (TDD) users may 
contact (202) 263-4869, Board of Governors of the Federal Reserve 
System, Washington, DC 20551.
    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.
    Final approval under OMB delegated authority of the extension for 
three years, without revision, of the following reports:
    1. Report title: Consumer Satisfaction Questionnaire, the Federal 
Reserve Consumer Help--Consumer Survey, the Consumer Online Complaint 
Form, and the Appraisal Complaint Form.
    Agency form number: FR 1379a, FR 1379b, FR 1379c, and FR 1379d.
    OMB control number: 7100-0135.
    Frequency: Event generated.
    Reporters: Consumers, appraisers, and financial institutions.
    Estimated annual burden hours: FR 1379a: 58 hours; FR 1379b: 121 
hours; FR 1379c: 982 hours; FR 1379d: 7 hours.
    Estimated average hours per response: FR 1379a: 5 minutes; FR 
1379b: 5 minutes; FR 1379c: 10 minutes; FR 1379d: 30 minutes.
    Number of respondents: FR 1379a: 695; FR 1379b: 1,455; FR 1379c: 
5,890; FR 1379d: 14.
    General description of report: The Board's Legal Division has 
determined that the FR 1379a,b,and c are authorized by law pursuant to 
section 11(a) of the Federal Reserve Act (12 U.S.C. 248(a)), and 
sections 3(q) and 8 of the Federal Deposit Insurance Act (FDIC Act) (12 
U.S.C. 1813(Q) and 1818). Additionally, the Board is authorized to 
collect the information on the FR 1379d pursuant to section 1103 of the 
Financial Institutions and Reform, Recovery, and Enforcement Act, which 
authorizes the Federal Financial Institutions Examination Council-
Appraisal Subcommittee to ``perform research, as [it] considers 
appropriate,'' for the purpose of carrying out its duties (12 U.S.C. 
3335). The obligation to respond is voluntary.
    The FR 1379a is not considered confidential. The FR 1379b collects 
the respondent's name and the respondent may provide other personal 
information and information regarding his or her complaint. The FR 
1379c collects the respondent's third-party representative if the 
respondent has such a representative. The FR 1379d collects the 
respondent's name and the respondent may provide other personal 
information and information regarding his or her complaint. Thus, some 
of the information collected on the FR 1379b, FR 1379c, and FR 1379d 
may be considered confidential under the Freedom of Information Act (5 
U.S.C. 552(b)(4), (b)(6), (b)(7)).
    Abstract: The FR 1379a questionnaire is sent to consumers who have 
filed complaints with the Board against state member banks. The 
information is used to assess their satisfaction with the Board's 
handling and written response to their complaint at the conclusion of 
an investigation. The FR 1379b survey is sent to consumers who contact 
the Federal Reserve Consumer Help (FRCH) to file a complaint or 
inquiry. The information is used to determine whether consumers are 
satisfied with the way the FRCH handled their complaint. Consumers use 
the FR 1379c complaint form to electronically submit a complaint 
against a financial institution to the FRCH. The FR 1379d Appraisal 
complaint form collects information about complaints regarding a 
regulated institution's non-compliance with the appraisal independence 
standards and the Uniform Standards of Professional Appraisal Practice, 
including complaints from appraisers, individuals, financial 
institutions, and other entities. The information is necessary so that 
the federal agencies \1\ may better assist the Federal Financial 
Institutions Examination Council-Appraisal Subcommittee (FFIEC-ASC) \2\

[[Page 42360]]

in its efforts to implement Dodd-Frank Wall Street Reform and Consumer 
Protection Act \3\ that requires a national hotline be established for 
appraisal related complaints.
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    \1\ ``Agencies'' include the Board of Governors of the Federal 
Reserve System, Federal Deposit Insurance Corporation, Office of the 
Comptroller of the Currency, National Credit Union Administration, 
and Consumer Financial Protection Bureau.
    \2\ Title XI of the Financial Institutions Reform, Recovery, and 
Enforcement Act (FIRREA) of 1989 amended the FIRIRCA Act of 1978 to 
create the ASC ``within'' the FFIEC on August 9, 1989. Pursuant to 
Title XI, the ASC's mission is to monitor federal, state, and 
appraisal industry initiatives relative to the appraisal process at 
federally- regulated financial institutions and maintain a national 
registry of appraisers eligible to perform appraisals for federally 
related real estate transactions. As an independent FFIEC 
subcommittee, the ASC is funded by fees collected through the 
registry. The ASC board has seven members, one from each of these 
agencies: OCC, FRB, FDIC, NCUA, CFPB, FHFA and U.S. Department of 
Housing and Urban Development (HUD). The ASC Web site may be found 
at www.asc.gov/Home.aspx
    \3\ Dodd-Frank Wall Street Reform and Consumer Protection Act 
Sec.  1473, Pub. L. 111-203, 124 Stat. 1376, July 21, 2010.
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    Current Actions: On April 4, 2016, the Board published a notice in 
the Federal Register (81 FR 19181) requesting public comment for 60 
days on the proposal to extend for three years, without revision, the 
FR 1379. The comment period for this notice expired on June 3, 2016. 
The Board did not receive any comments, and the information collection 
will be extended as proposed.
    2. Report title: Survey to Obtain Information on the Relevant 
Market in Individual Merger Cases.
    Agency form number: FR 2060.
    OMB control number: 7100-0232.
    Frequency: On occasion.
    Reporters: Small businesses and consumers.
    Estimated annual burden hours: 9 hours.
    Estimated average hours per response: Small businesses: 10 minutes; 
Consumers: 6 minutes.
    Number of respondents: Small businesses: 25; Consumers: 50.
    General description of report: The FR 2060 is voluntary and 
authorized pursuant to the Change In Bank Control Act (12 U.S.C. 
1817(j)(7)(A) and (B)), the Bank Merger Act (12 U.S.C. 1828(c)(5)), and 
section 3(c)(1) of the Bank Holding Company Act (12 U.S.C. 1842(c)(1)). 
Each of these sections require the Board to evaluate merger and 
acquisition applications by banks and bank holding companies to 
determine the effects of proposed transactions on competition in a 
particular banking market. In order to make this determination, the 
Board must determine the relevant market and then determine the level 
of competition in the market. This survey provides the data necessary 
to make such determinations when the Board otherwise would not have 
such information.
    Information obtained from small business and individuals may be 
kept confidential under the Freedom of Information Act (FOIA). 
Information obtained from small businesses can be considered 
confidential under exemption (b)(4) of the FOIA because the release of 
information obtained from small businesses would (1) impair the Board's 
ability to obtain this information from entities that could not be 
compelled to respond, and (2) cause substantial harm to the competitive 
position of the entity from whom the information was obtained (5 U.S.C. 
552(b)(4)). In addition, information obtained from consumers may be 
kept confidential under exemption (b)(6) of the FOIA because the 
information the survey collects is the type of information that would 
constitute a clearly unwarranted invasion of personal privacy (Id. at 
552(b)(6)).
    Abstract: The Board uses this information to define relevant 
banking markets for specific merger and acquisition applications and to 
evaluate changes in competition that would result from proposed 
transactions, including purchase and assumption agreements. The event-
generated survey is conducted by telephone and has been used no more 
than once per year since 1990.
    Current Actions: On April 4, 2016, the Board published a notice in 
the Federal Register (81 FR 19181) requesting public comment for 60 
days on the proposal to extend for three years, without revision, the 
FR 2060. The comment period for this notice expired on June 3, 2016. 
The Board did not receive any comments, and the information collection 
will be extended as proposed.
    3. Report title: Notice of Branch Closure.
    Agency form number: FR 4031.
    OMB control number: 7100-0264.
    Frequency: On occasion.
    Reporters: State member banks.
    Estimated annual burden hours: 247 hours.
    Estimated average hours per response: Reporting requirements: 2 
hours; Disclosure requirements, customer mailing: 0.75 hours and posted 
notice, 0.25 hours; and Recordkeeping requirements: 8 hours.
    Number of respondents: Reporting requirements: 82; Disclosure 
requirements: customer mailing, 82 and posted notice, 82; and 
Recordkeeping requirements, 0.
    General description of report: This information collection is 
mandatory pursuant to Section 42(a)(1) of the Federal Deposit Insurance 
Act (FDI Act) (12 U.S.C. 1831r-l(a)(1)). The Board does not consider 
individual respondent data to be confidential. However, a state member 
bank may request confidential treatment pursuant to exemption b(4) of 
the Freedom of Information Act (5 U.S.C.552(b)(4)).
    Abstract: The mandatory reporting, recordkeeping, and disclosure 
requirements regarding the closing of any branch of an insured 
depository institution are imposed by section 228 of the Federal 
Deposit Insurance Corporation Improvement Act of 1991 (FDICIA). There 
is no formal reporting form (the FR 4031 designation is for internal 
purposes only) associated with the reporting portion of this 
information collection; state member banks notify the Federal Reserve 
Banks by letter prior to closing a branch. The Board uses the 
information to fulfill its statutory obligation to supervise state 
member banks.
    Current Actions: On April 4, 2016, the Board published a notice in 
the Federal Register (81 FR 19181) requesting public comment for 60 
days on the proposal to extend for three years, without revision, the 
FR 4031. The comment period for this notice expired on June 3, 2016. 
The Board did not receive any comments, and the information collection 
will be extended as proposed.

    Board of Governors of the Federal Reserve System, June 23, 2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-15326 Filed 6-28-16; 8:45 am]
BILLING CODE 6210-01-P