FR 4001
Domestic Branch Application
Description:
The Federal Reserve Act and the Board’s Regulation H - Membership of State Banking Institutions in the Federal Reserve System (12 CFR Part 208) require a state member bank to seek prior approval of the Federal Reserve System before establishing or acquiring a domestic branch. No formal application form exists for a state member bank to establish or acquire a domestic branch. The state member bank is required, however, to submit to the appropriate Reserve Bank an application in letter form, with or without a copy of the Conference of State Bank Supervisors Uniform Interstate Application/Notice, that states the facts involved and includes general information on the action requested. The FR 4001 may be submitted via FedEZFile at https://www.federalreserve.gov/supervisionreg/afi/fedezfile-fluent.htm.
OMB Control Number:
7100-0097
Purpose:
The Federal Reserve uses the information provided by the applicant to fulfill its statutory obligation to review branch applications before acting on the proposals and to otherwise supervise state member banks.
Background:
Under section 9 of the Federal Reserve Act (12 U.S.C. § 321) and section 208.6 of Regulation H (12 CFR 208.6), a state member bank is required to obtain Board approval before establishing or acquiring a domestic branch. The Federal Reserve uses the information included in the application, along with available supervisory and financial information, to determine whether to approve the application. Under section 208.6 of Regulation H, the factors that the Board must consider in acting on branch applications include (1) the financial history and condition of the applying bank and the general character of its management, (2) the adequacy of the bank’s capital and its future earnings prospects, (3) the convenience and needs of the community to be served by the branch, (4) in the case of branches with deposit-taking capability, the bank’s performance under the Community Reinvestment Act, and (5) whether the bank’s investment in bank premises in establishing the branch is consistent with the criteria in 12 CFR 208.21.
Respondent Panel:
The FR 4001 respondent panel comprises state member banks.
Frequency:
The FR 4001 is event generated. The domestic branch application must be filed prior to a state member bank establishing or acquiring a branch.
Public Release:
Data from this information collection is available to the public via the public notice of the proposed branch(es) published by the state member bank in the appropriate newspaper(s). The Board may publish certain information submitted in connection with the FR 4001 in its H.2 release and in Federal Register notices. Otherwise, the Board does not routinely publicly release information collected as a part of a branch application.