Fed Requests Input on Bank Closure Tracking Extension
Published Date: 11/17/2025
Notice
Summary
The Federal Reserve wants to keep collecting info about bank branch closures for three more years without changing the form. If you’re a bank or just interested, you can share your thoughts by January 16, 2026. This keeps things smooth and clear, with no new costs or surprises.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
FR 4031 Extended Three Years
The Federal Reserve proposes to extend the Notice of Branch Closure information collection (FR 4031, OMB No. 7100-0264) for three years, without revision. The proposal estimates 80 respondents and a total annual burden of 267 hours; comments are due by January 16, 2026.
Customers Must Be Notified of Closures
Under the collection, each insured depository institution must adopt a branch-closing policy and, when a branch is scheduled to close, notify both its appropriate regulator and its customers as required by section 42 of the Federal Deposit Insurance Act and interagency policy. The Board uses the FR 4031 filings to supervise state member banks; comments are due by January 16, 2026.
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