Notifications Related to Community Development and Public Welfare Investments of State Member Banks

Forms and Documents

Document Name	Status
Form FR H-6 FR H-6 Investment Notice Form and Instruction	Modified
Form FR H-6 FR H-6 Extension of divesture period Form and Instruction	Modified
Form FR H-6 FR H -6 Application (Prior Approval) Form and Instruction	Modified
FRH-6.201407.83-c.pdf Justification for No Material/Nonsubstantive Change	2014-07-03

IC Document Collections

IC ID	Document Title	Status
36310	FR H-6 Investment Notice Form and Instruction	Modified
184432	FR H-6 Extension of divesture period Form and Instruction	Modified
184431	FR H -6 Application (Prior Approval) Form and Instruction	Modified

ICR Details

OMB Control No: 7100-0278	ICR Reference No: 201407-7100-002
Status: Historical Active	Previous ICR Reference No: 201106-7100-011
Agency/Subagency: FRS	Agency Tracking No: FR H-6
Title: Notifications Related to Community Development and Public Welfare Investments of State Member Banks
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/03/2014
	Date Received in OIRA: 07/03/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2014	09/30/2014	09/30/2014
Responses	46	0	4
Time Burden (Hours)	182	0	14
Cost Burden (Dollars)	0	0	0

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Abstract: This information is required to allow oversight of state member banks while permitting them to make certain public welfare investments. This information will be used to track public welfare investments and approve or deny certain new investments.

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Authorizing Statute(s): US Code: 12 USC 338a Name of Law: Federal Reserve Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 27054	05/10/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 46807	08/03/2011
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
FR H -6 Application (Prior Approval)	FR H-6	Notifications Related to Conmmunity Development and Public Welfare Investments of State Member Banks
FR H-6 Extension of divesture period	FR H-6	Notifications Related to Community Development and Public Welfare Investments of State Member Banks
FR H-6 Investment Notice	FR H-6	Notifications Related to Community Development and Public Welfare Investments of State Member Banks

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	46	4	0	0	42	0
Annual Time Burden (Hours)	182	14	0	0	168	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The increase in burden hours reflects an update to the FR H-6 respondent count.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 07/03/2014

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