[Federal Register Volume 61, Number 215 (Tuesday, November 5, 1996)]
[Notices]
[Pages 56960-56961]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-28358]


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FEDERAL RESERVE SYSTEM

Agency Information Collection Activities: Proposed collection; 
comment request
AGENCY: Board of Governors of the Federal Reserve System (Board)
ACTION: Notice and request for comment.
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BACKGROUND: 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) (the ``Agencies'') may not conduct or sponsor, 
and the respondent is not required to respond to, an information 
collection that has been extended, revised, or implemented on or after 
October 1, 1995, unless it displays a currently valid Office of 
Management and Budget (OMB) control number. The following currently 
approved collection of information has received approval from the 
Federal Financial Institutions Examination Council (FFIEC), of which 
the agencies are members, and is hereby published for comment by the 
Board 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 proposed information collection should be modified 
prior to the Board's submission of them to OMB for review and approval. 
Comments are invited on: (a) whether the proposed collection of 
information 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; and (d) ways to minimize the burden of 
information collection on respondents, including through the use of 
automated collection techniques or other forms of information 
technology.
DATES: Comments must be submitted on or before January 6, 1997.
ADDRESSES: Interested parties are invited to submit written comments to 
the agency listed below. All comments should refer to the OMB control 
number.
    Written comments should be addressed to Mr. William W. Wiles, 
Secretary, Board of Governors of the Federal Reserve System, 20th and C 
Streets, N.W., Washington, D.C. 20551, or delivered to the Board's mail 
room between 8:45 a.m. and 5:15 p.m., and to the security control room 
outside of those hours. Both the mail room and the security control 
room are accessible from the courtyard entrance on 20th Street between 
Constitution Avenue and C Street, N.W. Comments received may be 
inspected in room M-P-500 between 9:00 a.m. and 5:00 p.m., except as 
provided in section 261.8 of the Board's Rules Regarding Availability 
of Information, 12 CFR 261.8(a).
    A copy of the comments may also be submitted to the OMB desk 
officer for the agencies: Alexander Hunt, Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 3208, Washington, D.C. 20503.
FOR FURTHER INFORMATION CONTACT: A copy of the proposed collection of 
information may be requested from the agency clearance officers whose 
name appears below.
    Mary M. McLaughlin, Board Clearance Officer, (202) 452-3829, 
Division of Research and Statistics, Board of Governors of the Federal 
Reserve System, 20th and C Streets, N.W., Washington, D.C. 20551. For 
Telecommunications Device for the Deaf (TDD) users only, Dorothea 
Thompson, (202) 452-3544, Board of Governors of

[[Page 56961]]

the Federal Reserve System, 20th and C Streets, N.W., Washington, D.C. 
20551.
SUPPLEMENTARY INFORMATION:
    Proposal to extend, without revision, the following currently 
approved collection of information:
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: 329
Estimated Time per Response: 10 burden hours.
Estimated Total Annual Burden: 13,160 burden hours.
    General Description of Report: This information collection is 
mandatory: 12 U.S.C. 3105 and 3108 for the Board of Governors of the 
Federal Reserve System; sections 7 and 10 of the Federal Deposit 
Insurance Act (12 U.S.C. 1817, 1820) for the Federal Deposit Insurance 
Corporation; and the National Bank Act (12 U.S.C. 161) for the Office 
of the Comptroller of the Currency). This information collection is 
given confidential treatment (5 U.S.C. 552(b)(8)). Small businesses 
(that is, small U.S. branches and agencies of foreign banks) are 
affected.
    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 revisions are proposed 
to this information collection.
Request for Comment
    Comments submitted in response to this Notice will be summarized or 
included in the agencies' requests for OMB approval. All comments will 
become a matter of public record. Written comments should address the 
accuracy of the burden estimates 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, October 30, 
1996.
William W. Wiles,
Secretary of the Board.
[FR Doc. 96-28358 Filed 11-4-96; 8:45AM]
Billing Code 6210-01-F