Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 78962-78964 [2022-27920]
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TKELLEY on DSK125TN23PROD with NOTICE
78962
Federal Register / Vol. 87, No. 246 / Friday, December 23, 2022 / Notices
type of TRS eligible for compensation
from the Fund.
On January 11, 2007, the Commission
released Telecommunications Relay
Services and Speech-to-Speech Services
for Individuals with Hearing and
Speech Disabilities, CG Docket No. 03–
123, Declaratory Ruling, 72 FR 6960,
February 14, 2007, granting a request for
clarification that internet Protocol (IP)
captioned telephone relay service (IP
CTS) is a type of TRS eligible for
compensation from the Fund.
On August 26, 2013, the Commission
issued Misuse of internet Protocol
Captioned Telephone Service;
Telecommunications Relay Services and
Speech-to-Speech Services for
Individuals with Hearing and Speech
Disabilities, CG Docket Nos. 13–24 and
03–123, Report and Order, 78 FR 53684,
August 30, 2013, to regulate practices
relating to the marketing of IP CTS,
impose certain requirements for the
provision of this service, and mandate
registration and certification of IP CTS
users.
On June 8, 2018, the Commission
issued Misuse of internet Protocol
Captioned Telephone Service;
Telecommunications Relay Services and
Speech-to-Speech Services for
Individuals with Hearing and Speech
Disabilities, CG Docket Nos. 13–24 and
03–123, Report and Order and
Declaratory Ruling, 83 FR 30082, June
27, 2018 (2018 IP CTS Modernization
Order), to facilitate the Commission’s
efforts to reduce waste, fraud, and abuse
and improve its ability to efficiently
manage the IP CTS program through
regulating practices related to the
marketing of IP CTS, generally
prohibiting the provision of IP CTS to
consumers who do not genuinely need
the service, permitting the provision of
IP CTS in emergency shelters, and
approving the use of automatic speech
recognition to generate captions without
the assistance of a communications
assistant.
On February 15, 2019, the
Commission issued Misuse of internet
Protocol Captioned Telephone Service;
Telecommunications Relay Services and
Speech-to-Speech Services for
Individuals with Hearing and Speech
Disabilities, CG Docket Nos. 13–24 and
03–123, Report and Order, and Order,
84 FR 8457, March 8, 2019 (2019 IP CTS
Program Management Order), requiring
the submission of IP CTS user
registration information to the
telecommunications relay service (TRS)
User Registration Database (Database) so
that the Database administrator can
verify IP CTS users to reduce the risk of
waste, fraud, and abuse in the IP CTS
program.
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On June 30, 2022, the Commission
issued Telecommunications Relay
Services and Speech-to-Speech Services
for Individuals with Hearing and
Speech Disabilities; Structure and
Practices of the Video Relay Service
Program; Misuse of internet Protocol
Captioned Telephone Service, CG
Docket Nos. 03–123, 10–51, and 13–24,
Report and Order, FCC 22–51,
published at 87 FR 57645, September
21, 2022 (Registration Grace Period
Order), allowing IP CTS and Video
Relay Service (VRS) providers to
provide compensable service to a new
user for up to two weeks after
submitting the user’s information to the
Database if the user’s identity is verified
within that period, in order to offer
more efficient service to IP CTS and
VRS users without risk of waste, fraud,
and abuse to the Fund. The
programmatic changes in information
collection burdens that apply to VRS
due to the Registration and Grace Period
Order will be addressed separately in
modifications to information collection
No. 3060–1089.
This notice and request for comments
pertains to the programmatic changes in
information collection burdens that
apply to IP CTS due to the Registration
Grace Period Order, the extension of the
currently approved information
collection requirements for CTS and IP
CTS rules, and updates to the estimates
of existing burdens that were included
in the November 2019 PRA submission
to OMB.
Federal Communications Commission.
Marlene Dortch,
Secretary, Office of the Secretary.
This information may also be obtained
on an expedited basis, upon request, by
contacting the appropriate Federal
Reserve Bank and from the Board’s
Freedom of Information Office at
https://www.federalreserve.gov/foia/
request.htm. Interested persons may
express their views in writing on the
standards enumerated in paragraph 7 of
the Act.
Comments regarding each of these
applications must be received at the
Reserve Bank indicated or the offices of
the Board of Governors, Ann E.
Misback, Secretary of the Board, 20th
Street and Constitution Avenue, NW,
Washington DC 20551–0001, not later
than January 9, 2023.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. The Ray V. Hewitt By-Pass Trust f/
b/o Julie Stauffacher, the Ray V. Hewitt
By-Pass Trust f/b/o Mark Hewitt, both of
Mason City, Iowa, and the Ray V. Hewitt
By-Pass Trust f/b/o Carrie Nicols, Iowa
City, Iowa, with Mark Hewitt as trustee
of the aforementioned trusts, Mason
City, Iowa; to join the Hewitt Family
Control Group, a group acting in
concert, to acquire voting shares of
Arneson Bancshares, Inc., and thereby
indirectly acquire voting shares of Clear
Lake Bank & Trust, both of Clear Lake,
Iowa.
Board of Governors of the Federal Reserve
System.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2022–27950 Filed 12–22–22; 8:45 am]
BILLING CODE P
[FR Doc. 2022–27909 Filed 12–22–22; 8:45 am]
BILLING CODE 6712–01–P
FEDERAL RESERVE SYSTEM
FEDERAL RESERVE SYSTEM
Change in Bank Control Notices;
Acquisitions of Shares of a Bank or
Bank Holding Company
The notificants listed below have
applied under the Change in Bank
Control Act (Act) (12 U.S.C. 1817(j)) and
§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire shares of a bank
or bank holding company. The factors
that are considered in acting on the
applications are set forth in paragraph 7
of the Act (12 U.S.C. 1817(j)(7)).
The public portions of the
applications listed below, as well as
other related filings required by the
Board, if any, are available for
immediate inspection at the Federal
Reserve Bank(s) indicated below and at
the offices of the Board of Governors.
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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, with revision, the Federal Reserve
Membership Application (FR 2083, FR
2083A, FR 2083B, and FR 2083C; OMB
No. 7100–0046) and the Federal Reserve
Bank Stock Applications (FR 2030, FR
2030a, FR 2056, FR 2086, FR 2086a, and
FR 2087; OMB No. 7100–0042).
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance
Officer—Nuha Elmaghrabi—Office of
the Chief Data Officer, Board of
Governors of the Federal Reserve
AGENCY:
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Federal Register / Vol. 87, No. 246 / Friday, December 23, 2022 / Notices
System, nuha.elmaghrabi@frb.gov, (202)
452–3884.
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
(which contain more detailed
information about the information
collections and burden estimates than
this notice), 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/
reportingforms/home/review 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, With Revision, of the Following
Information Collections 1
TKELLEY on DSK125TN23PROD with NOTICE
Collection title: Federal Reserve
Membership Application.
Collection identifier: FR 2083, FR
2083A, FR 2083B, and FR 2083C.
OMB control number: 7100–0046.
Effective date: January 23, 2023.
General description of collection: Any
state-chartered bank (or national bank
converting to become a state-chartered
bank) applying for membership in the
Federal Reserve System must file an
application with the appropriate Federal
Reserve Bank. The four individual
application forms in the FR 2083/A/B/
1 As part of this clearance, the Board will clear
the FR 2083, FR 2083A, FR 2083B, and FR 2083C
(FR 2083/A/B/C) under the FR 2030, FR 2030a, FR
2056, FR 2086, FR 2086a, and FR 2087 OMB control
number (7100–0042), and then discontinue the FR
2083/A/B/C’s separate OMB control number (7100–
0046). This change is aimed at simplifying the
tracking and clearance process for the two related
sets of forms. This change would not modify the
reporting requirements of the forms in any way. The
collection will then be titled ‘‘The Federal Reserve
Membership and Bank Stock Applications’’ (FR
2030, FR 2030a, FR 2056, FR 2083, FR 2083A, FR
2083B, FR 2083C, FR 2086, FR 2086a, and FR 2087;
7100–0042).
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C series (membership application and
relevant attachments) are all one-time
submissions that are used by new or
existing state-chartered banks to apply
for membership in the Federal Reserve
System:
• FR 2083—Cover sheet, with general
information and instructions detailing
the information to be submitted
according to the type of applicant bank,
• FR 2083A—Application form for
the purchase of Federal Reserve Bank
stock by state banks (except mutual
savings banks) and by national banks
converting into state member banks,
• FR 2083B—Application form for the
purchase of Federal Reserve Bank stock
by mutual savings banks, and
• FR 2083C—Certificate of Organizers
or Directors certifying that the
information being submitted is true and
complete, and the proposed capital is
not impaired.
Frequency: On occasion.
Respondents: State-chartered banks
(or national banks converting to become
state-chartered banks) applying for
membership in the Federal Reserve
System.
Total estimated number of
respondents: 13.2
Total estimated change in burden: 13
hours.
Total estimated annual burden hours:
65.
Collection title: Federal Reserve Bank
Stock Applications.
Collection identifier: FR 2030, FR
2030a, FR 2056, FR 2086, FR 2086a, and
FR 2087.
OMB control number: 7100–0042.
Effective date: January 23, 2023.
General description of collection: Any
national bank seeking to purchase stock
in the Federal Reserve System, any
member bank seeking to increase or
decrease its Federal Reserve Bank stock
holdings, or any member bank seeking
to cancel its stock holdings must file an
application with the appropriate Federal
Reserve Bank. The application forms for
the initial subscription of Federal
Reserve Bank stock filed by organizing
national banks and nonmember state
banks converting to national banks or
federal savings associations electing to
operate as a covered savings association
(CSA) (FR 2030 and 2030a, respectively)
and the application forms for the
cancellation of Federal Reserve Bank
stock filed by liquidating member
2 More detailed information regarding this
collection, including more detailed burden
estimates, can be found in the OMB Supporting
Statement posted at https://www.federalreserve.gov/
apps/reportingforms/home/review. On the page
displayed at the link, you can find the OMB
Supporting Statement by referencing the collection
identifier, FR 2030 et al or FR 2083.
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78963
banks, member banks merging or
consolidating with nonmember banks or
CSAs terminating an election to operate
as a CSA, and insolvent member banks
(FR 2086, FR 2086a, and FR 2087,
respectively) may require one or more of
the following: a resolution by the
applying bank’s board of directors
authorizing the transaction, an
indication of the capital and surplus of
the bank as of the date of application,
a certification (by official signatures) of
the resolution, and/or an indication of
the number of shares and dollar amount
of the Federal Reserve Bank stock to be
purchased or canceled.
The application form for an
adjustment in a member bank’s holdings
of Federal Reserve Bank stock (FR 2056)
requires an indication of the capital and
surplus of the bank as of the date of
application and an indication of the
number of shares held and the number
of shares to be acquired or canceled. A
completed application form must be
submitted for each required adjustment
by the survivor member bank due to
legal merger or other consolidation as a
result of Regulation I. The amount of
Federal Reserve Bank stock actually
held by the member bank is determined
by the Reserve Bank through its
monitoring of the member bank’s capital
accounts reported quarterly on the
Consolidated Reports of Condition and
Income (Call Report) (FFIEC 031, FFIEC
041, and FFIEC 051; OMB No. 7100
0036). The Federal Reserve Bank stock
applications are distributed by the
Federal Reserve Banks and the
information collected enables them to
account for required subscription,
adjustment, or cancellation payments to
and from the System and for dividends
paid by the System on any outstanding
stock.
Frequency: On occasion.
Respondents: Banks seeking to
become state member banks, existing
banks or savings institutions seeking to
convert to state member bank status,
national banks seeking to purchase
stock in the Federal Reserve System,
and member banks seeking to increase,
decrease, or cancel their Federal Reserve
Bank stock holdings.
Total estimated number of
respondents: 90.
Total estimated annual burden hours:
47.
Current actions: On September 14,
2022, the Board published a notice in
the Federal Register (87 FR 56421)
requesting public comment for 60 days
on the extension, with revision, of the
FR 2083, FR 2083A, FR 2083B, FR
2083C, FR 2030, FR 2030a, FR 2056, FR
2086, FR 2086a, and FR 2087. The
Board revised the FR 2083, FR 2056, FR
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78964
Federal Register / Vol. 87, No. 246 / Friday, December 23, 2022 / Notices
2086, FR 2086a, and FR 2087 by
aligning the Applicant’s Interagency
Biographical and Financial Report (FR
2081c; OMB No. 7100–0134)
requirements with Federal Reserve
internal guidance, requiring updated
shareholder records if changes are
proposed, updating the total
consolidated assets threshold for the
purchase of Federal Reserve bank stock
to conform with the Board’s Regulation
I—Issue and Cancellation of Federal
Reserve Bank Capital Stock (12 CFR
209), and removing items that are no
longer required in the application
process. These revisions are intended to
improve the clarity of the information
requests. There were no proposed
revisions to the FR 2030, FR 2030a, FR
2083A, FR 2083B, or FR 2083C as part
of this clearance.
The comment period for this notice
expired on November 14, 2022. The
Board did not receive any comments.
Board of Governors of the Federal Reserve
System, December 19, 2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022–27920 Filed 12–22–22; 8:45 am]
BILLING CODE 6210–01–P
Comments regarding each of these
applications must be received at the
Reserve Bank indicated or the offices of
the Board of Governors, Ann E.
Misback, Secretary of the Board, 20th
Street and Constitution Avenue, NW,
Washington DC 20551–0001, not later
than January 23, 2023.
A. Federal Reserve Bank of
Minneapolis (Stephanie Weber,
Assistant Vice President), 90 Hennepin
Avenue, Minneapolis, Minnesota
55480–0291. Comments can also be sent
electronically to MA@mpls.frb.org:
1. Citizens Bancorp, Inc., Cadott,
Wisconsin; to acquire Community
Financial Bank, Prentice, Wisconsin.
Board of Governors of the Federal Reserve
System.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2022–27948 Filed 12–22–22; 8:45 am]
BILLING CODE 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, with revision, the Payment
Systems Surveys (FR 3054; OMB No.
7100–0332).
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, nuha.elmaghrabi@frb.gov, (202)
452–3884.
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
AGENCY:
FEDERAL RESERVE SYSTEM
TKELLEY on DSK125TN23PROD with NOTICE
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR part
225), and all other applicable statutes
and regulations to become a bank
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
The public portions of the
applications listed below, as well as
other related filings required by the
Board, if any, are available for
immediate inspection at the Federal
Reserve Bank(s) indicated below and at
the offices of the Board of Governors.
This information may also be obtained
on an expedited basis, upon request, by
contacting the appropriate Federal
Reserve Bank and from the Board’s
Freedom of Information Office at
https://www.federalreserve.gov/foia/
request.htm. Interested persons may
express their views in writing on the
standards enumerated in the BHC Act
(12 U.S.C. 1842(c)).
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(which contain more detailed
information about the information
collections and burden estimates than
this notice), 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/
reportingforms/home/review 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, With Revision, of the Following
Information Collection
Collection title: Payment Systems
Surveys.
Collection identifier: FR 3054.
OMB control number: 7100–0332.
Effective date: January 23, 2023.
General description of collection: The
Payment Systems Surveys are used to
obtain information specifically tailored
to the Federal Reserve’s operational and
fiscal agency responsibilities. The
Payment Systems Surveys family of
surveys is currently comprised of the
following: Ad Hoc Payment Systems
Surveys (FR 3054a), Currency Quality
Sampling Survey (FR 3054b), Currency
Quality Survey (FR 3054c), Currency
Functionality and Perception Survey
(FR 3054d), and Currency Education
Usability Survey (FR 3045e). These
surveys help the Board obtain
information about currency demand,
quality, functionality, perception, usage
patterns and other useful information
about banknotes.
Frequency: FR 3054a, five times per
year; FR 3054b, annually; FR 3054c,
semi-annually; FR 3054d, five times per
year; and FR 3054e, ten times per year.
Respondents: The FR 3054 panel
comprises financial institutions
(including depository institutions), law
enforcement, nonfinancial businesses
(retailers, banknote equipment
manufacturers, or global wholesale bank
note dealers), and individuals within
the general public.
Total estimated number of
respondents: FR 3054a, 4,000; FR 3054b,
500; FR 3054c, 25; FR 3054d, 250; and
FR 3054e, 250.
Estimated average hours per response:
FR 3054a, 0.75; FR 3054b, 0.50; FR
3054c, 30; FR 3054d, 2.5; and FR 3054e,
0.50.
Total estimated change in burden:
725 hours.
Total estimated annual burden hours:
21,125.1
1 More detailed information regarding this
collection, including more detailed burden
E:\FR\FM\23DEN1.SGM
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]]>Agencies
[Federal Register Volume 87, Number 246 (Friday, December 23, 2022)]
[Notices]
[Pages 78962-78964]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-27920]
-----------------------------------------------------------------------
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, with revision, the
Federal Reserve Membership Application (FR 2083, FR 2083A, FR 2083B,
and FR 2083C; OMB No. 7100-0046) and the Federal Reserve Bank Stock
Applications (FR 2030, FR 2030a, FR 2056, FR 2086, FR 2086a, and FR
2087; OMB No. 7100-0042).
FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance
Officer--Nuha Elmaghrabi--Office of the Chief Data Officer, Board of
Governors of the Federal Reserve
[[Page 78963]]
System, [email protected], (202) 452-3884.
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 (which contain more detailed
information about the information collections and burden estimates than
this notice), 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/reportingforms/home/review 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, With Revision, of the Following Information Collections \1\
---------------------------------------------------------------------------
\1\ As part of this clearance, the Board will clear the FR 2083,
FR 2083A, FR 2083B, and FR 2083C (FR 2083/A/B/C) under the FR 2030,
FR 2030a, FR 2056, FR 2086, FR 2086a, and FR 2087 OMB control number
(7100-0042), and then discontinue the FR 2083/A/B/C's separate OMB
control number (7100-0046). This change is aimed at simplifying the
tracking and clearance process for the two related sets of forms.
This change would not modify the reporting requirements of the forms
in any way. The collection will then be titled ``The Federal Reserve
Membership and Bank Stock Applications'' (FR 2030, FR 2030a, FR
2056, FR 2083, FR 2083A, FR 2083B, FR 2083C, FR 2086, FR 2086a, and
FR 2087; 7100-0042).
---------------------------------------------------------------------------
Collection title: Federal Reserve Membership Application.
Collection identifier: FR 2083, FR 2083A, FR 2083B, and FR 2083C.
OMB control number: 7100-0046.
Effective date: January 23, 2023.
General description of collection: Any state-chartered bank (or
national bank converting to become a state-chartered bank) applying for
membership in the Federal Reserve System must file an application with
the appropriate Federal Reserve Bank. The four individual application
forms in the FR 2083/A/B/C series (membership application and relevant
attachments) are all one-time submissions that are used by new or
existing state-chartered banks to apply for membership in the Federal
Reserve System:
FR 2083--Cover sheet, with general information and
instructions detailing the information to be submitted according to the
type of applicant bank,
FR 2083A--Application form for the purchase of Federal
Reserve Bank stock by state banks (except mutual savings banks) and by
national banks converting into state member banks,
FR 2083B--Application form for the purchase of Federal
Reserve Bank stock by mutual savings banks, and
FR 2083C--Certificate of Organizers or Directors
certifying that the information being submitted is true and complete,
and the proposed capital is not impaired.
Frequency: On occasion.
Respondents: State-chartered banks (or national banks converting to
become state-chartered banks) applying for membership in the Federal
Reserve System.
Total estimated number of respondents: 13.\2\
---------------------------------------------------------------------------
\2\ More detailed information regarding this collection,
including more detailed burden estimates, can be found in the OMB
Supporting Statement posted at https://www.federalreserve.gov/apps/reportingforms/home/review. On the page displayed at the link, you
can find the OMB Supporting Statement by referencing the collection
identifier, FR 2030 et al or FR 2083.
---------------------------------------------------------------------------
Total estimated change in burden: 13 hours.
Total estimated annual burden hours: 65.
Collection title: Federal Reserve Bank Stock Applications.
Collection identifier: FR 2030, FR 2030a, FR 2056, FR 2086, FR
2086a, and FR 2087.
OMB control number: 7100-0042.
Effective date: January 23, 2023.
General description of collection: Any national bank seeking to
purchase stock in the Federal Reserve System, any member bank seeking
to increase or decrease its Federal Reserve Bank stock holdings, or any
member bank seeking to cancel its stock holdings must file an
application with the appropriate Federal Reserve Bank. The application
forms for the initial subscription of Federal Reserve Bank stock filed
by organizing national banks and nonmember state banks converting to
national banks or federal savings associations electing to operate as a
covered savings association (CSA) (FR 2030 and 2030a, respectively) and
the application forms for the cancellation of Federal Reserve Bank
stock filed by liquidating member banks, member banks merging or
consolidating with nonmember banks or CSAs terminating an election to
operate as a CSA, and insolvent member banks (FR 2086, FR 2086a, and FR
2087, respectively) may require one or more of the following: a
resolution by the applying bank's board of directors authorizing the
transaction, an indication of the capital and surplus of the bank as of
the date of application, a certification (by official signatures) of
the resolution, and/or an indication of the number of shares and dollar
amount of the Federal Reserve Bank stock to be purchased or canceled.
The application form for an adjustment in a member bank's holdings
of Federal Reserve Bank stock (FR 2056) requires an indication of the
capital and surplus of the bank as of the date of application and an
indication of the number of shares held and the number of shares to be
acquired or canceled. A completed application form must be submitted
for each required adjustment by the survivor member bank due to legal
merger or other consolidation as a result of Regulation I. The amount
of Federal Reserve Bank stock actually held by the member bank is
determined by the Reserve Bank through its monitoring of the member
bank's capital accounts reported quarterly on the Consolidated Reports
of Condition and Income (Call Report) (FFIEC 031, FFIEC 041, and FFIEC
051; OMB No. 7100 0036). The Federal Reserve Bank stock applications
are distributed by the Federal Reserve Banks and the information
collected enables them to account for required subscription,
adjustment, or cancellation payments to and from the System and for
dividends paid by the System on any outstanding stock.
Frequency: On occasion.
Respondents: Banks seeking to become state member banks, existing
banks or savings institutions seeking to convert to state member bank
status, national banks seeking to purchase stock in the Federal Reserve
System, and member banks seeking to increase, decrease, or cancel their
Federal Reserve Bank stock holdings.
Total estimated number of respondents: 90.
Total estimated annual burden hours: 47.
Current actions: On September 14, 2022, the Board published a
notice in the Federal Register (87 FR 56421) requesting public comment
for 60 days on the extension, with revision, of the FR 2083, FR 2083A,
FR 2083B, FR 2083C, FR 2030, FR 2030a, FR 2056, FR 2086, FR 2086a, and
FR 2087. The Board revised the FR 2083, FR 2056, FR
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2086, FR 2086a, and FR 2087 by aligning the Applicant's Interagency
Biographical and Financial Report (FR 2081c; OMB No. 7100-0134)
requirements with Federal Reserve internal guidance, requiring updated
shareholder records if changes are proposed, updating the total
consolidated assets threshold for the purchase of Federal Reserve bank
stock to conform with the Board's Regulation I--Issue and Cancellation
of Federal Reserve Bank Capital Stock (12 CFR 209), and removing items
that are no longer required in the application process. These revisions
are intended to improve the clarity of the information requests. There
were no proposed revisions to the FR 2030, FR 2030a, FR 2083A, FR
2083B, or FR 2083C as part of this clearance.
The comment period for this notice expired on November 14, 2022.
The Board did not receive any comments.
Board of Governors of the Federal Reserve System, December 19,
2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-27920 Filed 12-22-22; 8:45 am]
BILLING CODE 6210-01-P
