Survey to Obtain Information on the Relevant Market in Individual Merger Cases

Forms and Documents

Document Name	Status
Form FR 2060 Small Businesses Form and Instruction	Modified
Form FR 2060 Consumers Form and Instruction	Modified
FR2060_20160630_omb_B.pdf Supporting Statement B	2016-06-30
FR2060_20160630_omb.pdf Supporting Statement A	2016-06-30

IC Document Collections

IC ID	Document Title	Status
36254	Small Businesses Form and Instruction	Modified
179691	Consumers Form and Instruction	Modified

ICR Details

OMB Control No: 7100-0232	ICR Reference No: 201606-7100-009
Status: Historical Active	Previous ICR Reference No: 201306-7100-002
Agency/Subagency: FRS	Agency Tracking No: FR 2060
Title: Survey to Obtain Information on the Relevant Market in Individual Merger Cases
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: 06/30/2016
	Date Received in OIRA: 06/30/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2019	36 Months From Approved	06/30/2016
Responses	75	0	75
Time Burden (Hours)	9	0	9
Cost Burden (Dollars)	0	0	0

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Abstract: The Board designed this survey to determine from what sources small businesses and consumers in a particular geographical area obtain financial services. The Board uses this information to define relevant banking markets for specific merger and acquisition applications and to evaluate changes in competition that would result from proposed transactions, including purchase and assumption agreements. The event-generated survey is conducted by telephone and has been used no more than once per year since 1990.

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Authorizing Statute(s): US Code: 12 USC 1817(j)(7)(A) and (B) Name of Law: Change in Bank Control Act
   US Code: 12 USC 1828(c)(5) Name of Law: Bank Merger Act
   US Code: 12 USC 1842(c)(1) Name of Law: Bank Holding Company 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	04/04/2016
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: 2

IC Title	Form No.	Form Name
Consumers	FR 2060	Survey to Obtain Information on the Relevant Market in Individual Merger Cases
Small Businesses	FR 2060	Survey to Obtain Information on the Relevant Market in Individual Merger Cases

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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	75	75	0	0	0	0
Annual Time Burden (Hours)	9	9	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? Yes Part B of Supporting Statement

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: 06/30/2016

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