9054 Federal Register / Vol. 87, No. 33 / Thursday, February 17, 2022 / Notices 

1 Finance companies include companies in which 

50 percent or more of assets are held in any of the 

following types of loan or lease assets: (1) Liens on 

real estate, defined as outstanding balances on loans 

or leases, for any purpose, secured by liens on real 

estate; (2) loans and leases not secured by real 

estate, such as business loans and leases, defined 

as outstanding balances on loans and on leases for 

commercial and industrial purposes to sole 

proprietorships, partnerships, corporations, and 

other business enterprises; or consumer loans and 

leases defined as outstanding balances on loans and 

on leases for household, family, and other personal 

expenditures. 

2 Potential universe of respondents is identified 

by the quinquennial Census of Finance Companies 

(FR 3033p) and Survey of Finance Companies (FR 

3033s) (OMB No.7100–0277). More details can be 

found in the OMB supporting statement. 

3 See https://www.federalreserve.gov/ 

econresdata/statisticsdata.htm. 

4 12 U.S.C. 225a. 

5 12 U.S.C. 263. 

6 5 U.S.C. 552(b)(4). 

authority under the Paperwork 

Reduction Act (PRA) to approve and 

assign OMB control numbers to 

collections of information conducted or 

sponsored by the Board. Boardapproved collections of information are 

incorporated into the official OMB 

inventory of currently approved 

collections of information. The OMB 

inventory, as well as copies of the PRA 

Submission, supporting statements, and 

approved collection of information 

instrument(s) are available at https://

www.reginfo.gov/public/do/PRAMain. 

These documents are also available on 

the Federal Reserve Board’s public 

website at https://www.federal

reserve.gov/apps/reportforms/ 

review.aspx or may be requested from 

the agency clearance officer, whose 

name appears above. 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, Without Revision, of the 

Following Information Collection 

Report title: Domestic Finance 

Company Report of Consolidated Assets 

and Liabilities. 

Agency form number: FR 2248. 

OMB control number: 7100–0005. 

Frequency: Monthly, quarterly, as 

needed. 

Respondents: Finance companies.1

Estimated number of respondents: 

Monthly, 150; Quarterly, 150; 

Addendum; 150. 

Estimated average minutes per 

response: Monthly, 20; Quarterly, 30; 

Addendum, 10. 

Estimated annual burden hours: 

Monthly, 400; Quarterly, 300; 

Addendum; 50. 

General description of report: The FR 

2248 is collected monthly as of the last 

calendar day of the month from a 

stratified sample 2 of finance companies. 

Each monthly report collects balance 

sheet data on major categories of 

consumer and business credit 

receivables and on major short-term 

liabilities. For quarter-end months 

(March, June, September, and 

December), additional asset and liability 

items are collected to provide a full 

balance sheet. A supplemental section 

collects data on securitized assets. 

Board staff may ask either quantitative 

or qualitative questions through the use 

of a special addendum section no more 

than twice per year. The data are used 

to construct universe estimates of 

finance company holdings, which are 

published in the monthly statistical 

releases Finance Companies (G.20) and 

Consumer Credit (G.19) and in the 

quarterly statistical release Financial 

Accounts of the United States (Z.1).3

Legal authorization and 

confidentiality: The FR 2248 is 

authorized by sections 2A and 12A of 

the Federal Reserve Act (FRA). Section 

2A of the FRA requires that the Board 

and the Federal Open Market 

Committee (FOMC) ‘‘maintain long run 

growth of the monetary and credit 

aggregates commensurate with the 

economy’s long run potential to increase 

production, so as to promote effectively 

the goals of maximum employment, 

stable prices, and moderate long-term 

interest rates.’’ 4 Section 12A of the FRA 

further requires the FOMC to implement 

regulations relating to the open market 

operations conducted by Federal 

Reserve Banks ‘‘with a view to 

accommodating commerce and business 

and with regard to their bearing upon 

the general credit situation of the 

country.’’ 5 The Board and FOMC use 

the information obtained through the FR 

2248 to discharge these responsibilities. 

The FR 2248 is voluntary. 

Although the Board releases aggregate 

data derived from the FR 2248 in the 

monthly G.20 and G.19 statistical 

releases, and in the quarterly Z.1 

statistical release, individual finance 

company information provided by each 

respondent is generally treated as 

confidential. Information collected on 

the FR 2248 is likely to constitute 

nonpublic commercial or financial 

information, which is both customarily 

and actually treated as private by the 

respondent. Accordingly, such 

information may be kept confidential by 

the Board pursuant to exemption 4 of 

the Freedom of Information Act.6 If it 

should be determined that any 

information collected on the FR 2248 

must be released, respondents would be 

notified. 

Current Actions: On November 4, 

2021, the Board published a notice in 

the Federal Register (86 FR 608019) 

requesting public comment for 60 days 

on the extension, without revision, of 

the Domestic Branch Application. The 

comment period for this notice expired 

on January 3, 2022. The Board did not 

receive any comments. 

Board of Governors of the Federal Reserve 

System, February 14, 2022. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2022–03472 Filed 2–16–22; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Agency Information Collection 

Activities: Announcement of Board 

Approval Under Delegated Authority 

and Submission to OMB 

AGENCY: Board of Governors of the 

Federal Reserve System. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) is 

adopting a proposal to extend for three 

years, without revision, the Domestic 

Branch Application (FR 4001; OMB No. 

7100–0097). 

FOR FURTHER INFORMATION CONTACT: 

Federal Reserve Board Clearance 

Officer—Nuha Elmaghrabi—Office of 

the Chief Data Officer, Board of 

Governors of the Federal Reserve 

System, Washington, DC 20551, (202) 

452–3829. 

Office of Management and Budget 

(OMB) Desk Officer for the Federal 

Reserve Board, Office of Information 

and Regulatory Affairs, Office of 

Management and Budget, New 

Executive Office Building, Room 10235, 

725 17th Street NW, Washington, DC 

20503, or by fax to (202) 395–6974. 

SUPPLEMENTARY INFORMATION: On June 

15, 1984, OMB delegated to the Board 

authority under the Paperwork 

Reduction Act (PRA) to approve and 

assign OMB control numbers to 

collections of information conducted or 

sponsored by the Board. Boardapproved collections of information are 

incorporated into the official OMB 

inventory of currently approved 

collections of information. The OMB 

inventory, as well as copies of the PRA 

Submission, supporting statements, and 

approved collection of information 

instrument(s) are available at https://

www.reginfo.gov/public/do/PRAMain. 

These documents are also available on 

the Federal Reserve Board’s public 

website at https://

www.federalreserve.gov/apps/ 

reportforms/review.aspx or may be 

requested from the agency clearance 

officer, whose name appears above. 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 87, No. 33 / Thursday, February 17, 2022 / Notices 9055 

1 12 U.S.C. 321 (requiring state member banks to 

obtain Board approval prior to establishing a 

domestic branch). 

2 5 U.S.C. 552(b)(4). 

3 5 U.S.C. 552(b)(6). 

4 5 U.S.C. 552(b)(8). 1 12 U.S.C. 225a and 244. 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, Without Revision, of the 

Following Information Collection 

Report title: Domestic Branch 

Application. 

Agency form number: FR 4001. 

OMB control number: 7100–0097. 

Frequency: On occasion. 

Respondents: State member banks 

(SMBs). 

Estimated number of respondents: 

Expedited notifications, 55; 

nonexpedited notifications, 169; 

disclosures, 224. 

Estimated average hours per response: 

Expedited notifications, 1; 

nonexpedited notifications, 1.5; 

disclosures, 0.5. 

Estimated annual burden hours: 

Expedited notifications, 55; 

nonexpedited notifications, 254; 

disclosures, 112. 

General description of report: The 

Federal Reserve Act and the Board’s 

Regulation H require an SMB 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 

SMB. Due to the limited information 

that an SMB generally has to provide for 

branch proposals, there is no reporting 

form for a domestic branch application. 

An SMB is required to notify the 

Federal Reserve by letter of its intent to 

establish one or more new branches and 

provide evidence that public notice of 

the proposed branch(es) has been 

published by the SMB 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 SMBs. 

Legal authorization and 

confidentiality: The filing requirements 

under the FR 4001 are authorized by 

section 9(3) of the Federal Reserve Act.1

The filing requirements under the FR 

4001 are required to obtain a benefit. 

The information in an SMB’s 

domestic branch application is public. 

An SMB may request that portions of its 

application be kept confidential 

pursuant to exemption 4 of the Freedom 

of Information Act (FOIA) if they 

contain commercial or financial 

information that is both customarily and 

actually treated as private.2 Information 

provided by an SMB as part of its 

domestic branch application may also 

be considered confidential under FOIA 

exemption 6 if the application contains 

information, the disclosure of which 

would ‘‘constitute a clearly unwarranted 

invasion of personal privacy,’’ 3 and 

under FOIA exemption 8 if the 

application is obtained as part of an 

examination or supervision of a 

financial institution.4

Current actions: On October 18, 2021, 

the Board published a notice in the 

Federal Register (86 FR 57673) 

requesting public comment for 60 days 

on the extension, without revision, of 

the Domestic Branch Application. The 

comment period for this notice expired 

on December 17, 2021. The Board did 

not receive any comments. 

Board of Governors of the Federal Reserve 

System, February 14, 2022. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2022–03469 Filed 2–16–22; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Agency Information Collection 

Activities: Announcement of Board 

Approval Under Delegated Authority 

and Submission to OMB 

AGENCY: Board of Governors of the 

Federal Reserve System. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) is 

adopting a proposal to extend for three 

years, without revision, the Application 

Form for Membership on the 

Community Advisory Committee 

Council (FR 1401; OMB No. 7100– 

0371). 

FOR FURTHER INFORMATION CONTACT: 

Federal Reserve Board Clearance 

Officer—Nuha Elmaghrabi—Office of 

the Chief Data Officer, Board of 

Governors of the Federal Reserve 

System, Washington, DC 20551, (202) 

452–3829. 

Office of Management and Budget 

(OMB) Desk Officer for the Federal 

Reserve Board, Office of Information 

and Regulatory Affairs, Office of 

Management and Budget, New 

Executive Office Building, Room 10235, 

725 17th Street NW, Washington, DC 

20503, or by fax to (202) 395–6974. 

SUPPLEMENTARY INFORMATION: On June 

15, 1984, OMB delegated to the Board 

authority under the Paperwork 

Reduction Act (PRA) to approve and 

assign OMB control numbers to 

collections of information conducted or 

sponsored by the Board. Boardapproved collections of information are 

incorporated into the official OMB 

inventory of currently approved 

collections of information. The OMB 

inventory, as well as copies of the PRA 

Submission, supporting statements, and 

approved collection of information 

instrument(s) are available at https://

www.reginfo.gov/public/do/PRAMain. 

These documents are also available on 

the Federal Reserve Board’s public 

website at https://www.federal

reserve.gov/apps/reportforms/ 

review.aspx or may be requested from 

the agency clearance officer, whose 

name appears above. 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, Without Revision, of the 

Following Information Collection 

Report title: Application Form for 

Membership on the Community 

Advisory Committee Council. 

Agency form number: FR 1401. 

OMB control number: 7100–0371. 

Frequency: Annually. 

Respondents: Any person seeking to 

be considered for membership on the 

Community Advisory Committee (CAC) 

Council. 

Estimated number of respondents: 

300. 

Estimated average hours per response: 

1. 

Estimated annual burden hours: 300. 

General description of report: The 

CAC Application (Application) is used 

to obtain information about the 

experience and qualification of persons 

seeking to be considered for 

membership on the CAC of the Board. 

The Application collects an applicant’s 

contact information; details regarding 

current employment and areas of 

expertise; a resume, which typically 

includes information about employment 

history, education, and training; and a 

cover letter explaining why the 

applicant is interested in serving on the 

CAC and what he or she believes are 

their primary qualifications. Applicants 

can voluntarily elect to provide 

additional information to support their 

application. 

Legal authorization and 

confidentiality: The Application is 

authorized pursuant to sections 2A and 

10 of the Federal Reserve Act (FRA).1

Section 2A of the FRA requires the 

Board and Federal Open Market 

Committee to ‘‘maintain long run 

growth of the monetary and credit 

aggregates commensurate with the 

economy’s long run potential to increase 

production, so as to promote effectively 

the goals of maximum employment, 


lotter on DSK11XQN23PROD with NOTICES1