Domestic Branch Application

ICR 201904-7100-004

OMB: 7100-0097

Federal Form Document

Forms and Documents
Document
Name
Status
Justification for No Material/Nonsubstantive Change
2019-04-17
IC Document Collections
IC ID
Document
Title
Status
45447
Modified
36096
Modified
ICR Details
7100-0097 201904-7100-004
Historical Active 201601-7100-003
FRS FR 4001
Domestic Branch Application
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 04/17/2019
Retrieve Notice of Action (NOA) 04/17/2019
  Inventory as of this Action Requested Previously Approved
07/31/2019 07/31/2019 07/31/2019
320 0 161
608 0 131
0 0 0

The Federal Reserve Act and the Board’s Regulation H require a state member bank to seek prior approval of the Federal Reserve System before establishing or acquiring a domestic branch. Such requests for approval must be filed as applications at the appropriate Reserve Bank for the state member bank. Due to the limited information that a state member bank generally has to provide for branch proposals, there is no reporting form for a domestic branch application. A state member bank is required to notify the Federal Reserve by letter of its intent to establish one or more new branches and provide with the letter evidence that public notice of the proposed branch(es) has been published by the state member bank in the appropriate newspaper(s). The Federal Reserve uses the information provided to fulfill its statutory obligation to review branch applications before acting on the proposals and to otherwise supervise state member banks.

US Code: 12 USC 321 Name of Law: Federal Reserve Act
  
None

Not associated with rulemaking

  80 FR 64000 10/22/2015
80 FR 81324 12/29/2015
No

2
IC Title Form No. Form Name
Expedited
Nonexpedited

  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 320 161 0 0 159 0
Annual Time Burden (Hours) 608 131 0 0 477 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The increase in estimated annual burden hours reflects an update to the respondent count and an adjustment in the estimated average hours per response.

$0
No
    No
    No
No
No
No
Uncollected
Brenda Simms 202 475-6340 [email protected]

  No

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.
04/17/2019


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