Notice of Branch Closure

Forms and Documents

Document	Type	Status	Availability
FR4031_20160810_omb.pdf	Supporting Statement A	Uploaded 2016-08-10	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
36295	Reporting burden - Regulatory notice	Other-Summary of Requirements	Modified
179497	Recordkeeping burden - Adoption of policy	Other-Summary of Requirements	Modified
179496	Third Party Disclosure burden - Posted notice	Other-Summary of Requirements	Modified
179494	Third Party Disclosure burden - Customer mailing	Other-Summary of Requirements	Modified

ICR Details

OMB Control No: 7100-0264	ICR Reference No: 201608-7100-005
Status: Historical Active	Previous ICR Reference No: 201607-7100-004
Agency/Subagency: FRS	Agency Tracking No: FR 4031
Title: Notice of Branch Closure
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/10/2016
	Date Received in OIRA: 08/10/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2019	36 Months From Approved	10/31/2016
Responses	247	0	247
Time Burden (Hours)	255	0	255
Cost Burden (Dollars)	0	0	0

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Abstract: The reporting, recordkeeping, and disclosure requirements regarding the closing of any branch of an insured depository institution are imposed by section 228 of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA). There is no formal reporting form (the FR 4031 designation is for internal purposes only) associated with the reporting portion of this information collection; state member banks (SMBs) notify their Reserve Bank by letter prior to closing a branch. The Federal Reserve uses the information to fulfill its statutory obligation to supervise SMBs.

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Authorizing Statute(s): US Code: 12 USC 1831r-1(a)(1) 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:
	81 FR 19181	04/05/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 42359	06/29/2016
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 4

IC Title	Form No.	Form Name
Third Party Disclosure burden - Posted notice
Reporting burden - Regulatory notice
Third Party Disclosure burden - Customer mailing
Recordkeeping burden - Adoption of policy

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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	247	247	0	0	0	0
Annual Time Burden (Hours)	255	255	0	0	0	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:

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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: 08/10/2016

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