[Federal Register Volume 76, Number 90 (Tuesday, May 10, 2011)]
[Notices]
[Pages 27054-27056]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-11323]
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FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: Background. On June 15, 1984, the Office of Management and
Budget (OMB) delegated to the Board of Governors of the Federal Reserve
System (Board) its approval authority under the Paperwork Reduction Act
(PRA), as per 5 CFR 1320.16, to approve of and assign OMB control
numbers to collection of information requests and requirements
conducted or sponsored by the Board under conditions set forth in 5 CFR
1320 Appendix A.1. 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 instruments 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.
Request for Comment on Information Collection Proposals
The following information collections, which are being handled
under this delegated authority, have received initial Board approval
and are hereby published for comment. At the end of the comment period,
the proposed information collections, along with an analysis of
comments and recommendations received, will be submitted to the Board
for final approval under OMB delegated authority. Comments are invited
on the following:
a. Whether the proposed collection of information is necessary for
the proper performance of the Federal Reserve's functions; including
whether the information has practical utility;
b. The accuracy of the Federal Reserve's estimate of the burden of
the proposed information collection,
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including the validity of the methodology and assumptions used;
c. Ways to enhance the quality, utility, and clarity of the
information to be collected; and
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.
DATES: Comments must be submitted on or before July 11, 2011.
ADDRESSES: You may submit comments, identified by FR H-6; FR 2030, FR
2030a, FR 2056, FR 2086, FR 2086a, FR 2087, and FR 2083, by any of the
following methods:
Agency Web Site: http://www.federalreserve.gov. Follow the
instructions for submitting comments at http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
Federal eRulemaking Portal: http://www.regulations.gov.
Follow the instructions for submitting comments.
E-mail: [email protected]. Include docket
number in the subject line of the message.
FAX: 202/452-3819 or 202/452-3102.
Mail: Jennifer J. Johnson, 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 Web site at
http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as
submitted, unless modified for technical reasons. Accordingly, your
comments will not be edited to remove any identifying or contact
information. Public comments may also be viewed electronically or in
paper form in Room MP-500 of the Board's Martin Building (20th and C
Streets, NW.) between 9 a.m. and 5 p.m. on weekdays.
Additionally, commenters should send a copy of their comments to
the OMB Desk Officer by mail to the Office of Information and
Regulatory Affairs, U.S. 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 Federal Reserve Board's public Web site at: http://www.federalreserve.gov/boarddocs/reportforms/review.cfm or may be
requested from the agency clearance officer, whose name appears below.
Cynthia Ayouch, Acting Federal Reserve Board Clearance Officer
(202-452-3829), Division of Research and Statistics, Board of Governors
of the Federal Reserve System, Washington, DC 20551. Telecommunications
Device for the Deaf (TDD) users may contact (202-263-4869), Board of
Governors of the Federal Reserve System, Washington, DC 20551.
Proposals to approve under OMB delegated authority the extension
for three years, without revision, of the following report(s):
1. Report title: Notifications Related to Community Development and
Public Welfare Investments of State Member Banks.
Agency form number: FR H-6.
OMB control number: 7100-0278.
Frequency: Event-generated.
Reporters: State member banks.
Estimated annual reporting hours: 11.
Estimated average hours per response: Post Notification, 2 hours;
Application (Prior Approval) 2 hours; and Extension of divestiture
period, 5 hours.
Number of respondents: Post Notification, 2; Application (Prior
Approval), 1; and Extension of divestiture period, 1.
General description of report: This information collection is
required to obtain a benefit (12 U.S.C. 338a, and 12 CFR 208.22).
Individual respondent data generally are not regarded as confidential,
but information that is proprietary or concerns examination ratings
would be considered confidential pursuant to Freedom of Information Act
(FOIA) Exemption 8. In addition, if the respondent can establish the
potential for substantial competitive harm, such information would be
protected from disclosure pursuant to FOIA Exemption 4. The
confidentiality status would be determined on a case-by-case basis.
Abstract: Regulation H requires state member banks that want to
make community development or public welfare investments to comply with
the Regulation H notification requirements: (1) If the investment does
not require prior Board approval, a written notice must be sent to the
appropriate Federal Reserve Bank; (2) if certain criteria are not met,
a request for approval must be sent to the appropriate Federal Reserve
Bank; and, (3) if the Board orders divestiture but the bank cannot
divest within the established time limit, a request or requests for
extension of the divestiture period must be submitted to the
appropriate Federal Reserve Bank.
2. Report title: Application for Membership in the Federal Reserve
System.
Agency form number: FR 2083, 2083A, 2083B, and 2083C.
OMB control number: 7100-0046.
Frequency: On occasion.
Reporters: Newly organized banks that seek to become state member
banks, or existing banks or savings institutions that seek to convert
to state member bank status.
Estimated annual reporting hours: 168 hours.
Estimated average hours per response: 4 hours.
Number of respondents: 42.
General description of report: This information collection is
authorized by Section 9 of the Federal Reserve Act (12 U.S.C. 321, 322,
and 333) and is required to obtain or retain a benefit. Most individual
respondent data are not considered confidential. Applicants may,
however, request that parts of their membership applications be kept
confidential, but in such cases the Applicant must justify its request
by demonstrating how an exemption under the Freedom of Information Act
(FOIA) is satisfied. The confidentiality status of the information
submitted will be judged on a case-by-case basis.
Abstract: The application for membership is a required one-time
submission that collects the information necessary for the Federal
Reserve to evaluate the statutory criteria for admission of a new or
existing state bank into membership in the Federal Reserve System. The
application collects managerial, financial, and structural data.
3. Report title: Applications for Subscription to, Adjustment in
the Holding of, and Cancellation of Federal Reserve Bank Stock.
Agency form number: FR 2030, FR 2030a, FR 2056, FR 2086, FR 2086a,
FR 2087.
OMB control number: 7100-0042.
Frequency: On occasion.
Reporters: National, State Member, and Nonmember banks.
Estimated annual reporting hours: FR 2030: 10 hours; FR 2030a: 16
hours; FR 2056: 517 hours; FR 2086: 1 hour; FR 2086a: 11 hours FR 2087:
1 hour.
Estimated average hours per response: .5 hours.
Number of respondents: FR 2030: 20; FR 2030a: 31; FR 2056: 1,034;
FR 2086: 1; FR 2086a: 22; FR 2087: 2.
General description of report: These information collections are
mandatory.
FR 2030 and FR 2030a: (12 U.S.C. 222, 282, 248(a) and 321)
FR 2056: (12 U.S.C. 287, 248(a) and (i))
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FR 2086: (12 U.S.C. 287, 248(a) and (i))
FR 2086a: (12 U.S.C. 321, 287, 248(a))
FR 2087: (12 U.S.C. 288, 248 (a) and (i))
Most individual respondent data are not considered confidential.
Applicants may request that parts of their membership applications be
kept confidential. Any request for confidentiality must be accompanied
by a detailed justification for confidentiality. The confidentiality
status of the information submitted will be judged on a case-by-case
basis.
Abstract: These application forms are required by the Federal
Reserve Act and Regulation I. These forms must be used by a new or
existing member bank (including a national bank) to request the
issuance, and adjustment in, or cancellation of Federal Reserve Bank
stock. The forms must contain certain certifications by the applicants,
as well as certain other financial and shareholder data that is needed
by the Federal Reserve to process the request.
Board of Governors of the Federal Reserve System, May 4, 2011.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2011-11323 Filed 5-9-11; 8:45 am]
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