[Federal Register Volume 77, Number 96 (Thursday, May 17, 2012)]
[Notices]
[Pages 29345-29346]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-11939]
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FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System (Board).
ACTION: Notice and request for comment.
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SUMMARY: In accordance with the requirements of the Paperwork Reduction
Act of 1995 (44 U.S.C. chapter 35), the Board, the Federal Deposit
Insurance Corporation (FDIC), and the Office of the Comptroller of the
Currency (OCC) (collectively, the agencies) may not conduct or sponsor,
and the respondent is not required to respond to, an information
collection unless it displays a currently valid Office of Management
and Budget (OMB) control number. The Federal Financial Institutions
Examination Council (FFIEC), of which the agencies are members, has
approved the agencies' publication for public comment of a proposal to
extend, without revision, the Country Exposure Report for U.S. Branches
and Agencies of Foreign Banks (FFIEC 019), which is a currently
approved information collection. The Board is publishing this proposal
on behalf of the agencies. At the end of the comment period, the
comments and recommendations received will be analyzed to determine the
extent to which the FFIEC and the agencies should modify the reports.
The Board will then submit the report to OMB for review and approval.
DATES: Comments must be submitted on or before July 16, 2012.
ADDRESSES: Interested parties are invited to submit written comments to
the agency listed below. All comments, which should refer to the OMB
control number, will be shared among the agencies.
You may submit comments, identified by FFIEC 019 (7100-0213), by
any of the following methods:
Agency Web Site: www.federalreserve.gov. Follow the
instructions for submitting comments on the www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
Federal eRulemaking Portal: www.regulations.gov. Follow
the instructions for submitting comments.
Email: [email protected]. Include the OMB
control number in the subject line of the message.
FAX: 202-452-3819 or 202-452-3102.
Mail: Jennifer J. Johnson, Secretary, Board of Governors
of the Federal Reserve System, 20th Street and Constitution Avenue NW.,
Washington, DC 20551.
All public comments are available from the Board's Web site at
www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as submitted,
except as necessary for technical reasons. Accordingly, your comments
will not be edited to remove any identifying or contact information.
Public comments may also be viewed electronically or in paper in Room
MP-500 of the Board's Martin Building (20th and C Streets NW.) between
9:00 a.m. and 5:00 p.m. on weekdays.
Additionally, commenters may send a copy of their comments to the
OMB desk officer for the agencies by mail to Office of Information and
Regulatory Affairs, U.S. Office of Management and
[[Page 29346]]
Budget, New Executive Office Building, Room 10235, 725 17th Street NW.,
Washington, DC 20503 or by fax to 202-395-6974.
FOR FURTHER INFORMATION CONTACT: Additional information or a copy of
the collection may be requested from Cynthia Ayouch, Federal Reserve
Board Clearance Officer, 202-452-3829, Division of Research and
Statistics, Board of Governors of the Federal Reserve System, 20th and
C Streets NW., Washington, DC 20551. Telecommunications Device for the
Deaf (TDD) users may call 202-263-4869.
SUPPLEMENTARY INFORMATION: Proposal to extend for three years, without
revision, the following currently approved collection of information:
Report Title: Country Exposure Report for U.S. Branches and
Agencies of Foreign Banks.
Form Number: FFIEC 019.
OMB Number: 7100-0213.
Frequency of Response: Quarterly.
Affected Public: U.S. branches and agencies of foreign banks.
Estimated Number of Respondents: 168.
Estimated Average Time per Response: 10 hours.
Estimated Total Annual Burden: 6,720 hours.
General Description of Reports
This information collection is mandatory: 12 U.S.C. 3906 for all
agencies; 12 U.S.C. 3105 and 3108 for the Board; sections 7 and 10 of
the Federal Deposit Insurance Act (12 U.S.C. 1817, 1820) for the FDIC;
and the National Bank Act (12 U.S.C. 161) for the OCC. This information
collection is given confidential treatment under the Freedom of
Information Act (5 U.S.C. 552(b)(8)).
Abstract
All individual U.S. branches and agencies of foreign banks that
have more than $30 million in direct claims on residents of foreign
countries must file the FFIEC 019 report quarterly. Currently, all
respondents report adjusted exposure amounts to the five largest
countries having at least $20 million in total adjusted exposure. The
agencies collect this data to monitor the extent to which such branches
and agencies are pursuing prudent country risk diversification policies
and limiting potential liquidity pressures. No changes are proposed to
the FFIEC 019 reporting form or instructions.
Request for Comment
Comments are invited on:
a. Whether the information collection is necessary for the proper
performance of the agencies' functions, including whether the
information has practical utility;
b. The accuracy of the agencies' estimate of the burden of the
information collection, including the validity of the methodology and
assumptions used;
c. Ways to enhance the quality, utility, and clarity of the
information to be collected;
d. Ways to minimize the burden of the information collection on
respondents, including through the use of automated collection
techniques or other forms of information technology;
and
e. Estimates of capital or start up costs and costs of operation,
maintenance, and purchase of services to provide information.
Comments submitted in response to this notice will be shared among
the agencies. All comments will become a matter of public record.
Written comments should address the accuracy of the burden estimate and
ways to minimize burden including the use of automated collection
techniques or the use of other forms of information technology as well
as other relevant aspects of the information collection request.
Board of Governors of the Federal Reserve System, May 14, 2012.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2012-11939 Filed 5-16-12; 8:45 am]
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