Interagency Notice of Change in Control; Interagency Notice of Change in Director or Senior Executive Officer; Interagency Biographical and Financial Report

Forms and Documents

Document Name	Status
Form FR 2081a Interagency Notice of Change in Bank Control Form and Instruction	Modified
Form FR 2081c Interagency Biographical and Financial Report Form and Instruction	Modified
Form FR 2081b Interagency Notice of Change in Director or Senior Executive Officer Form and Instruction	Modified
FR2081_20180531_omb.pdf Supporting Statement A	2018-05-31

IC Document Collections

IC ID	Document Title	Status
36168	Interagency Notice of Change in Bank Control Form and Instruction	Modified
179619	Interagency Biographical and Financial Report Form and Instruction	Modified
179618	Interagency Notice of Change in Director or Senior Executive Officer Form and Instruction	Modified

ICR Details

OMB Control No: 7100-0134	ICR Reference No: 201805-7100-009
Status: Active	Previous ICR Reference No: 201708-7100-014
Agency/Subagency: FRS	Agency Tracking No: FR 2081a,b,c
Title: Interagency Notice of Change in Control; Interagency Notice of Change in Director or Senior Executive Officer; Interagency Biographical and Financial Report
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 05/31/2018
	Date Received in OIRA: 05/31/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2021	36 Months From Approved	06/30/2018
Responses	1,955	0	1,955
Time Burden (Hours)	12,136	0	11,302
Cost Burden (Dollars)	0	0	0

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Abstract: Each of these reporting forms is used to collect information in connection with certain filings by bank holding companies (BHCs), savings and loan holding companies (SLHCs), state member banks (SMBs), and individuals prior to proposed changes in the ownership or management of banking organizations. The information collected by these notices and reporting forms, and the identical notices and reporting forms used by the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) (collectively, the agencies), assists the agencies in fulfilling their statutory responsibilities as supervisors. The information collected in the Interagency Notice of Change in Control (FR 2081a) submitted to the Board is provided by persons proposing to make significant investments in a BHC, SLHC, or SMB. The Interagency Notice of Change in Director or Senior Executive Officer (FR 2081b) is submitted to the Board (under certain circumstances) by a BHC, SLHC, or SMB making changes to its board of directors or senior executive officers pursuant to section 914 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA). The Interagency Biographical and Financial Report (FR 2081c) is not a stand-alone reporting form; it is a companion reporting form to the FR 2081a, FR 2081b, and other Board information collections that is used to gather required information about the individuals involved in various applications and notices.

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Authorizing Statute(s): US Code: 12 USC 1831(i) Name of Law: Financial Institutions Reform, Recovery, and Enforcement Act
   US Code: 12 USC 1817(j) 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:
	82 FR 45847	10/02/2017
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 11521	03/15/2018
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
Interagency Notice of Change in Bank Control	FR 2081a	Interagency Notice of Change in Bank Control
Interagency Biographical and Financial Report	FR 2081c	Interagency Biographical and Financial Report
Interagency Notice of Change in Director or Senior Executive Officer	FR 2081b	Interagency Notice of Change in Director or Senior Executive Officer

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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	1,955	1,955	0	0	0	0
Annual Time Burden (Hours)	12,136	11,302	0	834	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: The annual burden for the revised FR 2081a and FR 2081b is estimated to be 4,758 hours and 574 hours respectively. The annual burden associated with filing the revised FR 2081c, as a supplement to the FR 2081a and FR 2081b, is estimated to be 6,804 hours. On average, between three and four individuals listed on an FR 2081a or FR 2081b filing must also submit a companion FR 2081c report. The burden associated with filing the FR 2081c as a supplement to other applications or notices is included with those information collections. The annual reporting burden estimate is based on the average number and type of applications received in 2015 and 2016.

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Annual Cost to Federal Government: $767,200

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

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: 05/31/2018

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