State member banks are required to adopt a branch closing policy, to notify branch customers of a scheduled branch closing, and to send a notification letter to the Federal Reserve.
The decrease of 360 in the "Annual Time Burden" row reflects an update to the FR 4031 respondent count. The increase of 113 in the "Annual Number of Responses" row reflects a breakout of four information collections(ICs)erroneously mapped as one IC during implementation of the ROCIS application.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.