Notice2021-17311
Proposed Agency Information Collection Activities; Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
August 13, 2021
Issuing agencies
Treasury DepartmentComptroller of the CurrencyFederal Reserve SystemFederal Deposit Insurance Corporation
Abstract
In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the OCC, the Board, and the FDIC (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 for three years, without revision, the Foreign Branch Report of Condition (FFIEC 030) and the Abbreviated Foreign Branch Report of Condition (FFIEC 030S).
Full Text
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<title>Federal Register, Volume 86 Issue 154 (Friday, August 13, 2021)</title>
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[Federal Register Volume 86, Number 154 (Friday, August 13, 2021)]
[Notices]
[Pages 44768-44769]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-17311]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE CORPORATION
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury;
Board of Governors of the Federal Reserve System (Board); and Federal
Deposit Insurance Corporation (FDIC).
ACTION: Joint notice, request for comment.
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SUMMARY: In accordance with the requirements of the Paperwork Reduction
Act of 1995 (PRA), the OCC, the Board, and the FDIC (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 for three years, without revision, the
Foreign Branch Report of Condition (FFIEC 030) and the Abbreviated
Foreign Branch Report of Condition (FFIEC 030S).
DATES: Comments must be submitted on or before October 12, 2021.
ADDRESSES: Interested parties are invited to submit written comments to
any or all of the agencies. All comments, which should refer to the
``FFIEC 030 or FFIEC 030S,'' will be shared among the agencies.
OCC: You may submit comments, which should refer to ``FFIEC 030 or
FFIEC 030S,'' by any of the following methods:
<bullet> Email: <a href="/cdn-cgi/l/email-protection#621210030b0c040d220d01014c16100703114c050d14"><span class="__cf_email__" data-cfemail="99e9ebf8f0f7fff6d9f6fafab7edebfcf8eab7fef6ef">[email protected]</span></a>.
<bullet> Mail: Chief Counsel's Office, Office of the Comptroller of
the Currency, Attention: 1557-0099, 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
<bullet> Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Instructions: You must include ``OCC'' as the agency name and
``1557-0099'' in your comment. In general, the OCC will publish
comments on <a href="http://www.reginfo.gov">www.reginfo.gov</a> without change, including any business or
personal information provided, such as name and address information,
email addresses, or phone numbers. Comments received, including
attachments and other supporting materials, are part of the public
record and subject to public disclosure. Do not include any information
in your comment or supporting materials that you consider confidential
or inappropriate for public disclosure.
You may review comments and other related materials that pertain to
this information collection beginning on the date of publication of the
second notice for this collection by the following method:
<bullet> Viewing Comments Electronically: Go to <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
Click on the ``Information Collection Review'' link on the
``Information Collection Review'' tab. Underneath the ``Currently under
Review'' section heading, from the drop-down menu select ``Department
of Treasury'' and then click ``submit.'' This information collection
can be located by searching by OMB control number ``1557-0099.'' Upon
finding the appropriate information collection, click on the related
``ICR Reference Number.'' On the next screen, select ``View Supporting
Statement and Other Documents'' and then click on the link to any
comment listed at the bottom of the screen.
<bullet> For assistance in navigating <a href="http://www.reginfo.gov">www.reginfo.gov</a>, please
contact the Regulatory Information Service Center at (202) 482-7340.
Board: You may submit comments, which should refer to ``FFIEC 030
or FFIEC 030S,'' by any of the following methods:
<bullet> Agency Website: <a href="http://www.federalreserve.gov">http://www.federalreserve.gov</a>. Follow the
instructions for submitting comments at: <a href="http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm">http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm</a>.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#e597808296cb868a8888808b9196a58380818097848997809680979380cb828a93"><span class="__cf_email__" data-cfemail="394b5c5e4a175a5654545c574d4a795f5c5d5c4b58554b5c4a5c4b4f5c175e564f">[email protected]</span></a>. Include ``FFIEC
030 or FFIEC 030S'' in the subject line of the message.
<bullet> Fax: (202) 395-6974.
<bullet> Mail: Ann E. Misback, Secretary, Board of Governors of the
Federal Reserve System, 20th Street and Constitution Avenue NW,
Washington, DC 20551.
All public comments are available on the Board's website at <a href="https://www.federalreserve.gov/apps/foia/proposedregs.aspx">https://www.federalreserve.gov/apps/foia/proposedregs.aspx</a> as submitted,
unless modified for technical reasons. Accordingly, your comments will
not be edited to remove any identifying or contact information.
FDIC: You may submit comments, which should refer to ``FFIEC 030 or
FFIEC 030S,'' by any of the following methods:
<bullet> Agency Website: <a href="https://www.fdic.gov/regulations/laws/federal/">https://www.fdic.gov/regulations/laws/federal/</a>. Follow the instructions for submitting comments on the FDIC's
website.
<bullet> Federal eRulemaking Portal: <a href="https://www.regulations.gov">https://www.regulations.gov</a>.
Follow the instructions for submitting comments.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#9af9f5f7f7fff4eee9dadcded3d9b4fdf5ec"><span class="__cf_email__" data-cfemail="9dfef2f0f0f8f3e9eedddbd9d4deb3faf2eb">[email protected]</span></a>. Include ``FFIEC 030 or FFIEC
030S'' in the subject line of the message.
<bullet> Mail: Manuel E. Cabeza, Counsel, Attn: Comments, Room MB-
3128, Federal Deposit Insurance Corporation, 550 17th Street NW,
Washington, DC 20429.
<bullet> Hand Delivery: Comments may be hand delivered to the guard
station at the rear of the 550 17th Street Building (located on F
Street) on business days between 7:00 a.m. and 5:00 p.m.
<bullet> Public Inspection: All comments received will be posted
without change to <a href="https://www.fdic.gov/regulations/laws/federal/">https://www.fdic.gov/regulations/laws/federal/</a>
including any personal information provided. Paper copies of public
comments may be requested from the FDIC Public Information Center by
telephone at (877) 275-3342 or (703) 562-2200.
Additionally, commenters may send a copy of their comments to the
OMB desk officer for the agencies by mail to the Office of Information
and Regulatory Affairs, U.S. Office of Management and Budget, New
Executive Office Building, Room 10235, 725 17th Street NW, Washington,
DC 20503; by fax to (202)
[[Page 44769]]
395-6974; or by email to <a href="/cdn-cgi/l/email-protection#d1beb8a3b08ea2a4b3bcb8a2a2b8bebf91bebcb3ffb4bea1ffb6bea7"><span class="__cf_email__" data-cfemail="aac5c3d8cbf5d9dfc8c7c3d9d9c3c5c4eac5c7c884cfc5da84cdc5dc">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: For further information about the
proposed revisions to the information collections discussed in this
notice, please contact any of the agency staff whose names appear
below. In addition, copies of the report forms for the FFIEC 030 and
FFIEC 030S can be obtained at the FFIEC's website (<a href="https://www.ffiec.gov/ffiec_report_forms.htm">https://www.ffiec.gov/ffiec_report_forms.htm</a>).
OCC: Kevin Korzeniewski, Counsel, Chief Counsel's Office, (202)
649-5490.
Board: Nuha Elmaghrabi, Federal Reserve Board Clearance Officer,
(202) 452-3884, Office of the Chief Data Officer, 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.
FDIC: Manuel E. Cabeza, Counsel, (202) 898-3767, Legal Division,
Federal Deposit Insurance Corporation, 550 17th Street NW, Washington,
DC 20429.
SUPPLEMENTARY INFORMATION: The agencies propose to extend for three
years, without revision, the FFIEC 030 and the FFIEC 030S.
Report Title: Foreign Branch Report of Condition.
Form Number: FFIEC 030 and FFIEC 030S.
Frequency of Response: Annually, and quarterly for significant
branches.
Affected Public: Business of other for profit.
OCC
OMB Control Number: 1557-099.
Estimated Number of Respondents: 56 quarterly respondents (FFIEC
030); 46 annual respondents (FFIEC 030); 15 annual respondents (FFIEC
030S).
Estimated Average Burden per Response: 3.4 burden hours (FFIEC
030); 0.5 burden hours (FFIEC 030S).
Estimated Total Annual Burden: 926 burden hours.
Board
OMB Control Number: 7100-0071.
Estimated Number of Respondents: 20 quarterly respondents (FFIEC
030); 12 annual respondents (FFIEC 030); 7 annual respondents (FFIEC
030S).
Estimated Average Burden per Response: 3.4 burden hours (FFIEC
030); 0.5 burden hours (FFIEC 030S).
Estimated Total Annual Burden: 316 burden hours.
FDIC
OMB Control Number: 3064-0011 (FDIC).
Estimated Number of Respondents: 1 quarterly respondent (FFIEC
030); 3 annual respondents (FFIEC 030); 3 annual respondents (FFIEC
030S).
Estimated Average Burden per Response: 3.4 burden hours (FFIEC
030); 0.5 burden hours (FFIEC 030S).
Estimated Total Annual Burden: 25 burden hours.
I. Legal Basis and Need for Collection
This information collection is mandatory under the following
authorities: 12 U.S.C. 602 (Board); 12 U.S.C. 161 and 602 (OCC); and 12
U.S.C. 1828 (FDIC). This information collection is given confidential
treatment under 5 U.S.C. 552(b)(4) and (8).
The FFIEC 030 collects asset and liability information for foreign
branches of insured U.S. banks and insured U.S. savings associations
(U.S. depository institutions) and is required for regulatory and
supervisory purposes. The information is used to analyze the foreign
operations of U.S. institutions. All foreign branches of U.S.
institutions regardless of charter type file this report as provided in
the instructions to the FFIEC 030 and FFIEC 030S.
A U.S. depository institution generally must file a separate report
for each foreign branch, but in some cases may consolidate filings for
multiple foreign branches in the same country, as described below.
A branch with either total assets of at least $2 billion or
commitments to purchase foreign currencies and U.S. dollar exchange of
at least $5 billion as of the end of a calendar quarter is considered a
``significant branch'' and an FFIEC 030 report is required to be filed
quarterly. A U.S. depository institution with a foreign branch having
total assets in excess of $250 million that does not meet either of the
criteria to file quarterly must file the entire FFIEC 030 report for
this foreign branch on an annual basis as of December 31.
A U.S. depository institution with a foreign branch having total
assets of $50 million, but less than or equal to $250 million that does
not meet the criteria to file the FFIEC 030 report must file the FFIEC
030S report for this foreign branch on an annual basis as of December
31. A U.S. depository institution with a foreign branch having total
assets of less than $50 million is exempt from filing the FFIEC 030 and
030S reports.
II. Request for Comment
Public comment is requested on all aspects of this notice. Comment
is specifically 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 to the Board in response to this notice will be
shared with the other agencies. All comments will become a matter of
public record.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
Board of Governors of the Federal Reserve System.
Ann Misback,
Secretary of the Board.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on August 6, 2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021-17311 Filed 8-12-21; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.