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Notice2021-24519

Proposed Agency Information Collection Activities; Comment Request

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Published
November 10, 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. On August 13, 2021, the agencies, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), requested public comment for 60 days on 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), which are currently approved collections of information. The comment period for this notice expired on October 12, 2021. As described in the SUPPLEMENTARY INFORMATION section, the agencies will extend the FFIEC 030 and FFIEC 030S without revision as proposed. In addition, the agencies will make clarifying revisions to the instructions in response to a comment received. The agencies are giving notice that they are sending the collections to OMB for review.

Full Text

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<title>Federal Register, Volume 86 Issue 215 (Wednesday, November 10, 2021)</title>
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[Federal Register Volume 86, Number 215 (Wednesday, November 10, 2021)]
[Notices]
[Pages 62599-62601]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-24519]


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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. On August 13, 
2021, the agencies, under the auspices of the Federal Financial 
Institutions Examination Council (FFIEC), requested public comment for 
60 days on 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), which are currently 
approved collections of information. The comment period for this notice 
expired on October 12, 2021. As described in the SUPPLEMENTARY 
INFORMATION section, the agencies will extend the FFIEC 030 and FFIEC 
030S without revision as proposed. In addition, the agencies will make 
clarifying revisions to the instructions in response to a comment 
received. The agencies are giving notice that they are sending the 
collections to OMB for review.

DATES: Comments must be submitted on or before December 10, 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#9fefedfef6f1f9f0dff0fcfcb1ebedfafeecb1f8f0e9"><span class="__cf_email__" data-cfemail="2d5d5f4c44434b426d424e4e03595f484c5e034a425b">[email&#160;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

[[Page 62600]]

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#deacbbb9adf0bdb1b3b3bbb0aaad9eb8bbbabbacbfb2acbbadbbaca8bbf0b9b1a8"><span class="__cf_email__" data-cfemail="f381969480dd909c9e9e969d8780b39596979681929f81968096818596dd949c85">[email&#160;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#5734383a3a323923241711131e1479303821"><span class="__cf_email__" data-cfemail="ee8d8183838b809a9daea8aaa7adc0898198">[email&#160;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) 395-6974; or by email to 
<a href="/cdn-cgi/l/email-protection#eb8482998ab4989e8986829898828485ab848689c58e849bc58c849d"><span class="__cf_email__" data-cfemail="7b1412091a24080e19161208081214153b141619551e140b551c140d">[email&#160;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 and Abbreviated 
Foreign Branch Report of Condition.
    Form Number: FFIEC 030 and FFIEC 030S.
    Frequency of Response: Annually and quarterly for significant 
branches.
    Affected Public: Business or other for-profit.

OCC

    OMB Control Number: 1557-0099.
    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

[[Page 62601]]

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 must file the FFIEC 030 report 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 or more, 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 the 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.
    Foreign branches that meet the criteria for reporting on a 
quarterly basis must not be consolidated with any other branch. U.S. 
depository institutions may, at their option, consolidate the figures 
for all other branches located in the same country.

II. Current Actions

    On August 13, 2021, the agencies requested comment for 60 days on a 
proposal to extend for three years, without revision, the FFIEC 030 and 
FFIEC 030S.\1\ The comment period for the proposal ended on October 12, 
2021, and the agencies received one comment.
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    \1\ 86 FR 44768 (Aug. 13, 2021).
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    The commenter, an institution, asked the agencies to clarify how to 
report equity securities with readily determinable fair values not held 
for trading in the FFIEC 030. The commenter stated that reporting these 
securities in line 4(b), ``Other securities (debt and equity)'' would 
align the FFIEC 030 with the Call Report classification. The agencies 
agree with the commenter's suggestions and will revise the FFIEC 030 
instructions accordingly. The agencies will extend the report forms 
without revision.

III. 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.

Patrick T. Tierney,
Assistant Director, Bank Advisory, Office of the Comptroller of the 
Currency.

Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.

Federal Deposit Insurance Corporation.

    Dated at Washington, DC, on November 3, 2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021-24519 Filed 11-9-21; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P, 6714-01-P


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