Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 9054-9055 [2022-03469]

Download as PDF 9054 Federal Register / Vol. 87, No. 33 / Thursday, February 17, 2022 / Notices authority under the Paperwork Reduction Act (PRA) to approve and assign OMB control numbers to collections of information conducted or sponsored by the Board. Boardapproved collections of information are incorporated into the official OMB inventory of currently approved collections of information. The OMB inventory, as well as copies of the PRA Submission, supporting statements, and approved collection of information instrument(s) are available at https:// www.reginfo.gov/public/do/PRAMain. These documents are also available on the Federal Reserve Board’s public website at https://www.federal reserve.gov/apps/reportforms/ review.aspx or may be requested from the agency clearance officer, whose name appears above. Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection lotter on DSK11XQN23PROD with NOTICES1 Report title: Domestic Finance Company Report of Consolidated Assets and Liabilities. Agency form number: FR 2248. OMB control number: 7100–0005. Frequency: Monthly, quarterly, as needed. Respondents: Finance companies.1 Estimated number of respondents: Monthly, 150; Quarterly, 150; Addendum; 150. Estimated average minutes per response: Monthly, 20; Quarterly, 30; Addendum, 10. Estimated annual burden hours: Monthly, 400; Quarterly, 300; Addendum; 50. General description of report: The FR 2248 is collected monthly as of the last calendar day of the month from a stratified sample 2 of finance companies. Each monthly report collects balance sheet data on major categories of consumer and business credit receivables and on major short-term liabilities. For quarter-end months 1 Finance companies include companies in which 50 percent or more of assets are held in any of the following types of loan or lease assets: (1) Liens on real estate, defined as outstanding balances on loans or leases, for any purpose, secured by liens on real estate; (2) loans and leases not secured by real estate, such as business loans and leases, defined as outstanding balances on loans and on leases for commercial and industrial purposes to sole proprietorships, partnerships, corporations, and other business enterprises; or consumer loans and leases defined as outstanding balances on loans and on leases for household, family, and other personal expenditures. 2 Potential universe of respondents is identified by the quinquennial Census of Finance Companies (FR 3033p) and Survey of Finance Companies (FR 3033s) (OMB No.7100–0277). More details can be found in the OMB supporting statement. VerDate Sep<11>2014 17:23 Feb 16, 2022 Jkt 256001 (March, June, September, and December), additional asset and liability items are collected to provide a full balance sheet. A supplemental section collects data on securitized assets. Board staff may ask either quantitative or qualitative questions through the use of a special addendum section no more than twice per year. The data are used to construct universe estimates of finance company holdings, which are published in the monthly statistical releases Finance Companies (G.20) and Consumer Credit (G.19) and in the quarterly statistical release Financial Accounts of the United States (Z.1).3 Legal authorization and confidentiality: The FR 2248 is authorized by sections 2A and 12A of the Federal Reserve Act (FRA). Section 2A of the FRA requires that the Board and the Federal Open Market Committee (FOMC) ‘‘maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.’’ 4 Section 12A of the FRA further requires the FOMC to implement regulations relating to the open market operations conducted by Federal Reserve Banks ‘‘with a view to accommodating commerce and business and with regard to their bearing upon the general credit situation of the country.’’ 5 The Board and FOMC use the information obtained through the FR 2248 to discharge these responsibilities. The FR 2248 is voluntary. Although the Board releases aggregate data derived from the FR 2248 in the monthly G.20 and G.19 statistical releases, and in the quarterly Z.1 statistical release, individual finance company information provided by each respondent is generally treated as confidential. Information collected on the FR 2248 is likely to constitute nonpublic commercial or financial information, which is both customarily and actually treated as private by the respondent. Accordingly, such information may be kept confidential by the Board pursuant to exemption 4 of the Freedom of Information Act.6 If it should be determined that any information collected on the FR 2248 must be released, respondents would be notified. Current Actions: On November 4, 2021, the Board published a notice in 3 See https://www.federalreserve.gov/ econresdata/statisticsdata.htm. 4 12 U.S.C. 225a. 5 12 U.S.C. 263. 6 5 U.S.C. 552(b)(4). PO 00000 Frm 00028 Fmt 4703 Sfmt 4703 the Federal Register (86 FR 608019) requesting public comment for 60 days on the extension, without revision, of the Domestic Branch Application. The comment period for this notice expired on January 3, 2022. The Board did not receive any comments. Board of Governors of the Federal Reserve System, February 14, 2022. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2022–03472 Filed 2–16–22; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB Board of Governors of the Federal Reserve System. SUMMARY: The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Domestic Branch Application (FR 4001; OMB No. 7100–0097). 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. 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. 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. Boardapproved collections of information are incorporated into the official OMB inventory of currently approved collections of information. The OMB inventory, as well as copies of the PRA Submission, supporting statements, and approved collection of information instrument(s) are available at https:// www.reginfo.gov/public/do/PRAMain. These documents are also available on the Federal Reserve Board’s public website at https:// www.federalreserve.gov/apps/ reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears above. AGENCY: E:\FR\FM\17FEN1.SGM 17FEN1 lotter on DSK11XQN23PROD with NOTICES1 Federal Register / Vol. 87, No. 33 / Thursday, February 17, 2022 / Notices Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection Report title: Domestic Branch Application. Agency form number: FR 4001. OMB control number: 7100–0097. Frequency: On occasion. Respondents: State member banks (SMBs). Estimated number of respondents: Expedited notifications, 55; nonexpedited notifications, 169; disclosures, 224. Estimated average hours per response: Expedited notifications, 1; nonexpedited notifications, 1.5; disclosures, 0.5. Estimated annual burden hours: Expedited notifications, 55; nonexpedited notifications, 254; disclosures, 112. General description of report: The Federal Reserve Act and the Board’s Regulation H require an SMB 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 SMB. Due to the limited information that an SMB generally has to provide for branch proposals, there is no reporting form for a domestic branch application. An SMB is required to notify the Federal Reserve by letter of its intent to establish one or more new branches and provide evidence that public notice of the proposed branch(es) has been published by the SMB in the appropriate newspaper(s). The Federal Reserve uses the information provided to fulfill its statutory obligation to review branch applications before acting on the proposals and to otherwise supervise SMBs. Legal authorization and confidentiality: The filing requirements under the FR 4001 are authorized by section 9(3) of the Federal Reserve Act.1 The filing requirements under the FR 4001 are required to obtain a benefit. The information in an SMB’s domestic branch application is public. An SMB may request that portions of its application be kept confidential pursuant to exemption 4 of the Freedom of Information Act (FOIA) if they contain commercial or financial information that is both customarily and actually treated as private.2 Information provided by an SMB as part of its domestic branch application may also 1 12 U.S.C. 321 (requiring state member banks to obtain Board approval prior to establishing a domestic branch). 2 5 U.S.C. 552(b)(4). VerDate Sep<11>2014 17:23 Feb 16, 2022 Jkt 256001 be considered confidential under FOIA exemption 6 if the application contains information, the disclosure of which would ‘‘constitute a clearly unwarranted invasion of personal privacy,’’ 3 and under FOIA exemption 8 if the application is obtained as part of an examination or supervision of a financial institution.4 Current actions: On October 18, 2021, the Board published a notice in the Federal Register (86 FR 57673) requesting public comment for 60 days on the extension, without revision, of the Domestic Branch Application. The comment period for this notice expired on December 17, 2021. The Board did not receive any comments. Board of Governors of the Federal Reserve System, February 14, 2022. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2022–03469 Filed 2–16–22; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB Board of Governors of the Federal Reserve System. SUMMARY: The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Application Form for Membership on the Community Advisory Committee Council (FR 1401; OMB No. 7100– 0371). AGENCY: 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. 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. 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. Board35 45 PO 00000 U.S.C. 552(b)(6). U.S.C. 552(b)(8). Frm 00029 Fmt 4703 approved collections of information are incorporated into the official OMB inventory of currently approved collections of information. The OMB inventory, as well as copies of the PRA Submission, supporting statements, and approved collection of information instrument(s) are available at https:// www.reginfo.gov/public/do/PRAMain. These documents are also available on the Federal Reserve Board’s public website at https://www.federal reserve.gov/apps/reportforms/ review.aspx or may be requested from the agency clearance officer, whose name appears above. Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection Report title: Application Form for Membership on the Community Advisory Committee Council. Agency form number: FR 1401. OMB control number: 7100–0371. Frequency: Annually. Respondents: Any person seeking to be considered for membership on the Community Advisory Committee (CAC) Council. Estimated number of respondents: 300. Estimated average hours per response: 1. Estimated annual burden hours: 300. General description of report: The CAC Application (Application) is used to obtain information about the experience and qualification of persons seeking to be considered for membership on the CAC of the Board. The Application collects an applicant’s contact information; details regarding current employment and areas of expertise; a resume, which typically includes information about employment history, education, and training; and a cover letter explaining why the applicant is interested in serving on the CAC and what he or she believes are their primary qualifications. Applicants can voluntarily elect to provide additional information to support their application. Legal authorization and confidentiality: The Application is authorized pursuant to sections 2A and 10 of the Federal Reserve Act (FRA).1 Section 2A of the FRA requires the Board and Federal Open Market Committee to ‘‘maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production, so as to promote effectively the goals of maximum employment, 1 12 Sfmt 4703 9055 E:\FR\FM\17FEN1.SGM U.S.C. 225a and 244. 17FEN1

Agencies

[Federal Register Volume 87, Number 33 (Thursday, February 17, 2022)]
[Notices]
[Pages 9054-9055]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-03469]


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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: The Board of Governors of the Federal Reserve System (Board) 
is adopting a proposal to extend for three years, without revision, the 
Domestic Branch Application (FR 4001; OMB No. 7100-0097).

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.
    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.

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. Board-approved collections of information are 
incorporated into the official OMB inventory of currently approved 
collections of information. The OMB inventory, as well as copies of the 
PRA Submission, supporting statements, and approved collection of 
information instrument(s) are available at https://www.reginfo.gov/public/do/PRAMain. These documents are also available on the Federal 
Reserve Board's public website at https://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested from the agency clearance 
officer, whose name appears above.

[[Page 9055]]

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, Without Revision, of the Following Information Collection

    Report title: Domestic Branch Application.
    Agency form number: FR 4001.
    OMB control number: 7100-0097.
    Frequency: On occasion.
    Respondents: State member banks (SMBs).
    Estimated number of respondents: Expedited notifications, 55; 
nonexpedited notifications, 169; disclosures, 224.
    Estimated average hours per response: Expedited notifications, 1; 
nonexpedited notifications, 1.5; disclosures, 0.5.
    Estimated annual burden hours: Expedited notifications, 55; 
nonexpedited notifications, 254; disclosures, 112.
    General description of report: The Federal Reserve Act and the 
Board's Regulation H require an SMB 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 SMB. Due to the limited information 
that an SMB generally has to provide for branch proposals, there is no 
reporting form for a domestic branch application. An SMB is required to 
notify the Federal Reserve by letter of its intent to establish one or 
more new branches and provide evidence that public notice of the 
proposed branch(es) has been published by the SMB in the appropriate 
newspaper(s). The Federal Reserve uses the information provided to 
fulfill its statutory obligation to review branch applications before 
acting on the proposals and to otherwise supervise SMBs.
    Legal authorization and confidentiality: The filing requirements 
under the FR 4001 are authorized by section 9(3) of the Federal Reserve 
Act.\1\ The filing requirements under the FR 4001 are required to 
obtain a benefit.
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    \1\ 12 U.S.C. 321 (requiring state member banks to obtain Board 
approval prior to establishing a domestic branch).
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    The information in an SMB's domestic branch application is public. 
An SMB may request that portions of its application be kept 
confidential pursuant to exemption 4 of the Freedom of Information Act 
(FOIA) if they contain commercial or financial information that is both 
customarily and actually treated as private.\2\ Information provided by 
an SMB as part of its domestic branch application may also be 
considered confidential under FOIA exemption 6 if the application 
contains information, the disclosure of which would ``constitute a 
clearly unwarranted invasion of personal privacy,'' \3\ and under FOIA 
exemption 8 if the application is obtained as part of an examination or 
supervision of a financial institution.\4\
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    \2\ 5 U.S.C. 552(b)(4).
    \3\ 5 U.S.C. 552(b)(6).
    \4\ 5 U.S.C. 552(b)(8).
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    Current actions: On October 18, 2021, the Board published a notice 
in the Federal Register (86 FR 57673) requesting public comment for 60 
days on the extension, without revision, of the Domestic Branch 
Application. The comment period for this notice expired on December 17, 
2021. The Board did not receive any comments.

    Board of Governors of the Federal Reserve System, February 14, 
2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-03469 Filed 2-16-22; 8:45 am]
BILLING CODE 6210-01-P