83 FR 61636 - Proposed Agency Information Collection Activities; Comment Request
FEDERAL RESERVE SYSTEM Federal Register Volume 83, Issue 231 (November 30, 2018)
Federal Register Volume 83, Issue 231 (November 30, 2018)
| Page Range | 61636-61637 | |
| FR Document | 2018-26087 |
[Federal Register Volume 83, Number 231 (Friday, November 30, 2018)] [Notices] [Pages 61636-61637] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-26087] ----------------------------------------------------------------------- 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 Domestic Branch Notification (FR 4001; OMB No. 7100- 0097). DATES: Comments must be submitted on or before January 29, 2019. ADDRESSES: You may submit comments, identified by FR 4001, by any of the following methods:Agency website: http://www.federalreserve.gov. Follow the instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx. Email: [email protected]. Include OMB 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 sensitive PII (personally identifiable information) at the commenter's request. Public comments may also be viewed electronically or in paper form in Room 3515, 1801 K Street NW. (between 18th and 19th Streets NW), Washington, DC 20006 between 9 a.m. and 5 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 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 or by fax to (202) 395-6974. FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission, including the proposed reporting form and instructions, supporting statement, and other documentation will be placed into OMB's public docket files, once approved. These documents will also be made available on the Board's public website at: http://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears below. 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. SUPPLEMENTARY INFORMATION: On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve of and assign OMB control numbers to collection of information requests and requirements 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. 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 prior. Proposal To Approve Under OMB Delegated Authority the Extension for Three Years, Without Revision, of the Following Report Report title: Domestic Branch Notification. Agency form number: FR 4001. OMB control number: 7100-0097. Frequency: On Occasion. Respondents: State member banks (SMBs). Estimated number of respondents: 320. Estimated average hours per response: Expedited notifications, 1.5 hours; and nonexpedited notifications, 2 hours. Estimated annual burden hours: Expedited notifications, 98 hours; and nonexpedited notifications, 510 hours. General description of report: The Federal Reserve Act and the Board's [[Page 61637]] Regulation H require a state member bank to seek prior approval of the Federal Reserve System before establishing or acquiring a domestic branch. Such requests for approval must be filed as applications at the appropriate Reserve Bank for the state member bank. Due to the limited information that a state member bank generally has to provide for branch proposals, there is no formal reporting form for a domestic branch application. A state member bank is required to notify the Federal Reserve by letter of its intent to establish one or more new branches and provide with the letter evidence that public notice of the proposed branch(es) has been published by the state member bank in the appropriate newspaper(s).\1\ The Federal Reserve uses the information provided to fulfill its statutory obligation to review branch applications before acting on the proposals and otherwise to supervise state member banks. --------------------------------------------------------------------------- \1\ Per Rules of Procedure (12 CFR 262), Board regulations require the use of newspaper for public notifications. For the purposes of FR 4001, the newspaper used must be in the general circulation of the community or communities in which the head office of the bank and the proposed branch are located. --------------------------------------------------------------------------- Legal authorization and confidentiality: The Board's filing requirements associated with Domestic Branch Notification are authorized under section 9(3) of the Federal Reserve Act (12 U.S.C. 321), which requires state member banks to obtain Board approval before establishing a domestic branch (Board's Regulation H (12 CFR 208.6)). The obligation of state member banks to request prior approval from the Federal Reserve to establish a domestic branch is mandatory. The information contained in a state member bank's Domestic Branch Notification is considered public. A state member bank's request that any portion(s) of a Domestic Branch Notification be kept confidential pursuant to exemption 4 of the Freedom of Information Act (5 U.S.C. 552(b)(4)) must be submitted in accordance with section 261.15 of the Board's Rules Regarding Availability of Information (12 CFR 261.15). Board of Governors of the Federal Reserve System, November 27, 2018. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2018-26087 Filed 11-29-18; 8:45 am] BILLING CODE 6210-01-P
![61636 Federal Register / Vol. 83, No. 231 / Friday, November 30, 2018 / Notices
the format of other Board forms; • Email: regs.comments@ Reduction Act (PRA) to approve of and
incorporate information on the Board’s federalreserve.gov. Include OMB assign OMB control numbers to
policies and procedures for processing number in the subject line of the collection of information requests and
applications; improve the clarity of the message. requirements conducted or sponsored
information requests; reflect the impact • Fax: (202) 452–3819 or (202) 452– by the Board. In exercising this
of new laws, regulations, capital 3102. delegated authority, the Board is
requirements, and accounting rules; and • Mail: Ann E. Misback, Secretary, directed to take every reasonable step to
delete information requests that are not Board of Governors of the Federal solicit comment. In determining
typically useful for the analysis of a Reserve System, 20th Street and whether to approve a collection of
proposed transaction. The revisions also Constitution Avenue NW, Washington, information, the Board will consider all
are intended to increase transparency by DC 20551. comments received from the public and
ensuring that initial filings include the All public comments are available from other agencies.
information that the Federal Reserve the Board’s website at https:// Request for Comment on Information
System requires to evaluate a www.federalreserve.gov/apps/foia/ Collection Proposal
transaction and thereby reducing the proposedregs.aspx as submitted, unless
need for subsequent information modified for technical reasons or to The Board invites public comment on
requests, which may delay the Board’s remove sensitive PII (personally the following information collection,
consideration of a filing and create identifiable information) at the which is being reviewed under
additional burden for filers. commenter’s request. Public comments authority delegated by the OMB under
Legal authorization and may also be viewed electronically or in the PRA. Comments are invited on the
confidentiality: The FR LL–10(e) is paper form in Room 3515, 1801 K Street following:
authorized pursuant to Section 10(b)(2) a. Whether the proposed collection of
NW. (between 18th and 19th Streets
of the Home Owners’ Loan Act (12 information is necessary for the proper
NW), Washington, DC 20006 between 9
U.S.C. 1467a(b)) and is mandatory. The performance of the Board’s functions;
a.m. and 5 p.m. on weekdays. For
information on the FR LL–10(e) is not including whether the information has
security reasons, the Board requires that
considered confidential unless the practical utility;
visitors make an appointment to inspect b. The accuracy of the Board’s
applicant requests confidential comments. You may do so by calling
treatment pursuant to exemption 4 estimate of the burden of the proposed
(202) 452–3684. Upon arrival, visitors information collection, including the
(confidential business information) or 6 will be required to present valid
(confidential personal information) of validity of the methodology and
government-issued photo identification assumptions used;
the Freedom of Information Act, 5 and to submit to security screening in
U.S.C. 552(b)(4) and (b)(6). All such c. Ways to enhance the quality,
order to inspect and photocopy utility, and clarity of the information to
requests for confidential treatment comments.
would be reviewed on a case-by-case be collected;
Additionally, commenters may send a d. Ways to minimize the burden of
basis. copy of their comments to the OMB information collection on respondents,
Board of Governors of the Federal Reserve Desk Officer—Shagufta Ahmed—Office including through the use of automated
System, November 27, 2018. of Information and Regulatory Affairs, collection techniques or other forms of
Michele Taylor Fennell, Office of Management and Budget, New information technology; and
Assistant Secretary of the Board. Executive Office Building, Room 10235, e. Estimates of capital or startup costs
[FR Doc. 2018–26089 Filed 11–29–18; 8:45 am] 725 17th Street NW, Washington, DC and costs of operation, maintenance,
BILLING CODE 6210–01–P 20503 or by fax to (202) 395–6974. and purchase of services to provide
FOR FURTHER INFORMATION CONTACT: A information.
copy of the PRA OMB submission, At the end of the comment period, the
FEDERAL RESERVE SYSTEM including the proposed reporting form comments and recommendations
and instructions, supporting statement, received will be analyzed to determine
Proposed Agency Information and other documentation will be placed the extent to which the Board should
Collection Activities; Comment into OMB’s public docket files, once modify the proposal prior.
Request approved. These documents will also be
Proposal To Approve Under OMB
AGENCY: Board of Governors of the made available on the Board’s public
Delegated Authority the Extension for
Federal Reserve System. website at: http://
Three Years, Without Revision, of the
ACTION: Notice, request for comment. www.federalreserve.gov/apps/
Following Report
reportforms/review.aspx or may be
SUMMARY: The Board of Governors of the requested from the agency clearance Report title: Domestic Branch
Federal Reserve System (Board) invites officer, whose name appears below. Notification.
comment on a proposal to extend for Federal Reserve Board Clearance Agency form number: FR 4001.
three years, without revision, the Officer—Nuha Elmaghrabi—Office of OMB control number: 7100–0097.
Domestic Branch Notification (FR 4001; the Chief Data Officer, Board of Frequency: On Occasion.
Respondents: State member banks
OMB No. 7100–0097). Governors of the Federal Reserve
(SMBs).
DATES: Comments must be submitted on System, Washington, DC 20551 (202) Estimated number of respondents:
or before January 29, 2019. 452–3829. Telecommunications Device 320.
ADDRESSES: You may submit comments, for the Deaf (TDD) users may contact Estimated average hours per response:
amozie on DSK3GDR082PROD with NOTICES1
identified by FR 4001, by any of the (202) 263–4869, Board of Governors of Expedited notifications, 1.5 hours; and
following methods: the Federal Reserve System, nonexpedited notifications, 2 hours.
• Agency website: http:// Washington, DC 20551. Estimated annual burden hours:
www.federalreserve.gov. Follow the SUPPLEMENTARY INFORMATION: On June Expedited notifications, 98 hours; and
instructions for submitting comments at 15, 1984, the Office of Management and nonexpedited notifications, 510 hours.
https://www.federalreserve.gov/apps/ Budget (OMB) delegated to the Board General description of report: The
foia/proposedregs.aspx. authority under the Paperwork Federal Reserve Act and the Board’s
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![Federal Register / Vol. 83, No. 231 / Friday, November 30, 2018 / Notices 61637
Regulation H require a state member FEDERAL RESERVE SYSTEM FOR FURTHER INFORMATION CONTACT: A
bank to seek prior approval of the copy of the PRA OMB submission,
Federal Reserve System before Proposed Agency Information including the proposed reporting form
establishing or acquiring a domestic Collection Activities; Comment and instructions, supporting statement,
branch. Such requests for approval must Request and other documentation will be placed
be filed as applications at the AGENCY: Board of Governors of the into OMB’s public docket files, if
appropriate Reserve Bank for the state Federal Reserve System. approved. These documents will also be
member bank. Due to the limited made available on the Board’s public
ACTION: Notice, request for comment.
information that a state member bank website at http://www.federalreserve
generally has to provide for branch SUMMARY: The Board of Governors of the .gov/apps/reportforms/review
proposals, there is no formal reporting Federal Reserve System (Board) invites .aspx or may be requested from the
form for a domestic branch application. comment on a proposal to extend for agency clearance officer, whose name
three years, without revision, the appears below.
A state member bank is required to
Recordkeeping Provisions Associated Federal Reserve Board Clearance
notify the Federal Reserve by letter of its
with the Guidance on Sound Incentive Officer—Nuha Elmaghrabi—Office of
intent to establish one or more new
Compensation Policies (FR 4027; OMB the Chief Data Officer, Board of
branches and provide with the letter Governors of the Federal Reserve
evidence that public notice of the No. 7100–0327).
DATES: Comments must be submitted on System, Washington, DC 20551, (202)
proposed branch(es) has been published 452–3829. Telecommunications Device
by the state member bank in the or before January 29, 2019.
for the Deaf (TDD) users may contact
appropriate newspaper(s).1 The Federal ADDRESSES: You may submit comments,
(202) 263–4869, Board of Governors of
Reserve uses the information provided identified by FR 4027, by any of the
the Federal Reserve System,
to fulfill its statutory obligation to following methods:
Washington, DC 20551.
review branch applications before acting • Agency website: http://
www.federalreserve.gov. Follow the SUPPLEMENTARY INFORMATION: On June
on the proposals and otherwise to 15, 1984, the Office of Management and
instructions for submitting comments at
supervise state member banks. Budget (OMB) delegated to the Board
http://www.federalreserve.gov/apps/
Legal authorization and foia/proposedregs.aspx. authority under the Paperwork
confidentiality: The Board’s filing • Email: regs.comments@ Reduction Act (PRA) to approve and
requirements associated with Domestic federalreserve.gov. Include OMB assign OMB control numbers to
Branch Notification are authorized number in the subject line of the collection of information requests and
under section 9(3) of the Federal message. requirements conducted or sponsored
Reserve Act (12 U.S.C. 321), which • Fax: (202) 452–3819 or (202) 452– by the Board. In exercising this
requires state member banks to obtain 3102. delegated authority, the Board is
Board approval before establishing a • Mail: Ann E. Misback, Secretary, directed to take every reasonable step to
domestic branch (Board’s Regulation H Board of Governors of the Federal solicit comment. In determining
(12 CFR 208.6)). The obligation of state Reserve System, 20th Street and whether to approve a collection of
member banks to request prior approval Constitution Avenue NW, Washington, information, the Board will consider all
DC 20551. comments received from the public and
from the Federal Reserve to establish a
All public comments are available other agencies.
domestic branch is mandatory. The
from the Board’s website at http://
information contained in a state member Request for Comment on Information
www.federalreserve.gov/apps/foia/
bank’s Domestic Branch Notification is Collection Proposal
proposedregs.aspx as submitted, unless
considered public. A state member modified for technical reasons. The Board invites public comment on
bank’s request that any portion(s) of a Accordingly, your comments will not be the following information collection,
Domestic Branch Notification be kept edited to remove any identifying or which is being reviewed under
confidential pursuant to exemption 4 of contact information. Public comments authority delegated by the OMB under
the Freedom of Information Act (5 may also be viewed electronically or in the PRA. Comments are invited on the
U.S.C. 552(b)(4)) must be submitted in paper form in Room 3515, 1801 K Street following:
accordance with section 261.15 of the NW (between 18th and 19th Streets a. Whether the proposed collection of
Board’s Rules Regarding Availability of NW), Washington, DC 20006 between 9 information is necessary for the proper
Information (12 CFR 261.15). a.m. and 5 p.m. on weekdays. For performance of the Board’s functions,
Board of Governors of the Federal Reserve security reasons, the Board requires that including whether the information has
System, November 27, 2018. visitors make an appointment to inspect practical utility;
comments. You may do so by calling b. The accuracy of the Board’s
Michele Taylor Fennell,
(202) 452–3684. Upon arrival, visitors estimate of the burden of the proposed
Assistant Secretary of the Board. will be required to present valid information collection, including the
[FR Doc. 2018–26087 Filed 11–29–18; 8:45 am] government-issued photo identification validity of the methodology and
BILLING CODE 6210–01–P and to submit to security screening in assumptions used;
order to inspect and photocopy c. Ways to enhance the quality,
comments. utility, and clarity of the information to
Additionally, commenters may send a be collected;
amozie on DSK3GDR082PROD with NOTICES1
copy of their comments to the OMB d. Ways to minimize the burden of
1 Per Rules of Procedure (12 CFR 262), Board
Desk Officer—Shagufta Ahmed—Office information collection on respondents,
regulations require the use of newspaper for public
of Information and Regulatory Affairs, including through the use of automated
notifications. For the purposes of FR 4001, the
newspaper used must be in the general circulation
Office of Management and Budget, New collection techniques or other forms of
of the community or communities in which the Executive Office Building, Room 10235, information technology; and
head office of the bank and the proposed branch are 725 17th Street NW, Washington, DC e. Estimates of capital or startup costs
located. 20503, or by fax to (202) 395–6974. and costs of operation, maintenance,
VerDate Sep<11>2014 17:00 Nov 29, 2018 Jkt 247001 PO 00000 Frm 00039 Fmt 4703 Sfmt 4703 E:\FR\FM\30NON1.SGM 30NON1](https://thefederalregister.org/doc/83_FR_61867/page/2.svg)
Document Created: 2018-11-30 04:36:17
Document Modified: 2018-11-30 04:36:17
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice, request for comment. | |
| Dates | Comments must be submitted on or before January 29, 2019. | |
| Contact | A copy of the PRA OMB submission, including the proposed reporting form and instructions, supporting statement, and other documentation will be placed into OMB's public docket files, once approved. These documents will also be made available on the Board's public website at: http:// www.federalreserve.gov/apps/reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears below. | |
| FR Citation | 83 FR 61636 |
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