Interagency Bank Merger Act Application

Forms and Documents

Document Name	Status
Form FR 2070 Affiliate Transactions Form and Instruction	Modified
Form FR 2070 Nonaffiliate Transactions Form and Instruction	Modified
FR2070_20140813_83c.pdf Justification for No Material/Nonsubstantive Change	2014-08-13

IC Document Collections

IC ID	Document Title	Status
36186	Affiliate Transactions Form and Instruction	Modified
179620	Nonaffiliate Transactions Form and Instruction	Modified

ICR Details

OMB Control No: 7100-0171	ICR Reference No: 201407-7100-010
Status: Historical Active	Previous ICR Reference No: 201304-7100-004
Agency/Subagency: FRS	Agency Tracking No: FR 2070
Title: Interagency Bank Merger Act Application
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: 08/13/2014
	Date Received in OIRA: 08/13/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2014	09/30/2014	09/30/2014
Responses	67	0	59
Time Burden (Hours)	1,878	0	1,710
Cost Burden (Dollars)	0	0	0

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Abstract: The Federal Reserve System uses this application form to collect information for bank merger proposals that require prior approval under the Bank Merger Act. The Federal Reserve collects this information so that it may meet its statutory obligation to evaluate the competitive, financial, managerial, future prospects, and convenience and needs aspects of each state member bank merger proposal.

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Authorizing Statute(s): US Code: 12 USC 1828(c) Name of Law: Federal Deposit Insurance 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:
	75 FR 36393	06/25/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 55580	09/13/2010
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Affiliate Transactions	FR 2070	Interagency Bank Merger Act Application
Nonaffiliate Transactions	FR 2070	Interagency Bank Merger Act Application

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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	67	59	0	0	8	0
Annual Time Burden (Hours)	1,878	1,710	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 net increase in burden hours reflects an update to the FR 2070 respondent count based on the average of the number of applications filed in 2012 and 2013.

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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: 08/13/2014

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