[Federal Register Volume 64, Number 171 (Friday, September 3, 1999)]
[Notices]
[Pages 48453-48455]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-22984]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Office of Thrift Supervision
Federal Reserve System
Federal Deposit Insurance Corporation
Agency Information Collection Activities: Proposed Collection;
Comment Request
AGENCIES: Office of the Comptroller of the Currency (OCC), Office of
Thrift Supervision (OTS), Treasury; Board of Governors of the Federal
Reserve System (Board); and Federal Deposit Insurance Corporation
(FDIC).
ACTION: Joint 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 OCC, the OTS, the Board, and
the FDIC (collectively, the ``agencies''), hereby give notice that they
plan to submit to the Office of Management and Budget (OMB) requests
for review of the information collection systems described below. 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 OMB control number. The Agencies, under the auspices
of the Federal Financial Institutions Examination Council (FFIEC),
intend to extend without revision the following currently approved
information collections: the Annual Report of Trust Assets (FFIEC 001),
the Annual Report of International Fiduciary Activities (FFIEC 006),
the Country Exposure Report (FFIEC 009), and the Country Exposure
Information Report (FFIEC 009a), with minor clarifications to the FFIEC
009 instructions. At the end of the comment period, the comments and
recommendations received will be analyzed to determine whether the
FFIEC and the agencies should modify the information collections. The
agencies will then submit the reports to OMB for review and approval.
DATES: Comments must be submitted on or before November 2, 1999.
ADDRESSES: Interested parties are invited to submit written comments to
any or all of the agencies. All comments should refer to the OMB
control number(s) and will be shared among the agencies.
OCC: Written comments on the FFIEC 001, 006, 009, and 009a should
be submitted to the Communications Division, Office of the Comptroller
of the Currency, 250 E Street, S.W., Third Floor, Attention: 1557-0127
(FFIEC 001 and 006) or 1557-0100 (FFIEC 009 and 009a). Washington, D.C.
20219. In addition, comments may be sent by facsimile transmission to
(202) 874-5274, or by electronic mail to [email protected].
Comments will be available for inspection and photocopying at the OCC's
Public Reference Room, 250 E Street, S.W., Washington, D.C. 20219
between 9:00 a.m. and 5:00 p.m. on business days. Appointments for
inspection of comments may be made by calling (202) 874-5043.
OTS: Written comments on the FFIEC 001 should be submitted to the
Manager, Dissemination Branch, Information Management and Services
Division, Office of Thrift Supervision, 1700 G Street, N.W.,
Washington, D.C. 20552, Attention: 1550-0005. Hand deliver comments to
Public Reference Room 1700 G Street, N.W., lower level, from 9:00 a.m.
to 4:00 p.m. on business days. Send facsimile transmissions to FAX
Number (202) 906-7755; or (202) 906-6956 (if comments are over 25
pages). Send e-mail to ``[email protected]'', and include your
name and telephone number. Interested persons may inspect comments at
the Public Reference Room, 1700 G St. N.W., from 9:00 a.m. until 4:00
p.m. on business days.
Board: Written comments on the FFIEC 001, 006, 009, and 009a should
be addressed to Jennifer J. Johnson, 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 Sec. 261.12 of the
Board's Rules Regarding Availability of Information, 12 CFR 261.12(a).
FDIC: Written comments on the FFIEC 001, 009, and 009a should be
addressed to Robert E. Feldman, Executive Secretary, Attention:
Comments/OES, Federal Deposit Insurance Corporation, 550 17th Street,
N.W., Washington, D.C. 20429. 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
[[Page 48454]]
7:00 a.m. and 5:00 p.m. [FAX number (202) 898-3838; Internet address:
[email protected]]. Comments may be inspected and photocopied in the
FDIC Public Information Center, Room 100, 801 17th Street, N.W.,
Washington, D.C., between 9:00 a.m. and 4:30 p.m. on business days.
A copy of the comments may also be submitted to the OMB desk
officer for the agencies: Alexander T. 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: Additional information or a copy of
the collection may be requested from:
OCC: Jessie Gates, OCC Clearance Officer, or Camille Dixon, (202)
874-5090, Legislative and Regulatory Activities Division, Office of the
Comptroller of the Currency, 250 E Street, S.W., Washington, D.C.
20219.
OTS: Mary Rawlings-Milton, OTS Clearance Officer, (202) 906-6028,
Office of Thrift Supervision, 1700 G Street, N.W., Washington, D.C.
20552.
Board: Mary M. West, Chief, Financial Reports Section, (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. Telecommunications Device for the Deaf (TDD) users may contact
Diane Jenkins, (202) 452-3544, Board of Governors of the Federal
Reserve System, 20th and C Streets, N.W., Washington, D.C. 20551.
FDIC: Steven F. Hanft, FDIC Clearance Officer, (202) 898-3907,
Office of the Executive Secretary, Federal Deposit Insurance
Corporation, 550 17th Street N.W., Washington, D.C. 20429.
SUPPLEMENTARY INFORMATION:
Proposal to extend for three years without revision the following
currently approved collections of information:
1. Report Title: Annual Report of Trust Assets and Annual Report of
International Fiduciary Activities.
Form Number: FFIEC 001 and FFIEC 006.
Frequency of Response: Annual.
Affected Public: Business or other for profit For OCC:
OMB Number: 1557-0127.
Number of Respondents: 809 (FFIEC 001), 100 (FFIEC 006).
Estimated Average Time per Response: 4.4 burden hours (FFIEC 001),
4.0 burden hours (FFIEC 006).
Estimated Total Annual Burden: 3,960 burden hours.
For OTS:
OMB Number: 1557-0026.
Number of Respondents: 135 (FFIEC 001).
Estimated Average Time per Response: 2.30 burden hours (FFIEC 001).
Estimated Total Annual Burden: 310.5 burden hours.
For Board:
OMB Number: 7100-0031.
Number of Respondents: 511 (FFIEC 001), 116 (FFIEC 006).
Estimated Average Time per Response: 3.82 burden hours (FFIEC 001),
4.0 burden hours (FFIEC 006).
Total Annual Burden: 2416 burden hours.
OMB Number: 3064-0024.
Number of Respondents: 1,602 (FFIEC 001).
Estimated Average Time per Response: 3.55 burden hours (FFIEC 001).
Estimated Total Annual Burden: 5,683 burden hours (FFIEC 001).
General Description of Reports
This information collection (FFIEC 001 and FFIEC 006) is mandatory.
12 U.S.C. 161 and 1817 (for national banks), 12 U.S.C. 1464, 1725, 1730
(for thrift institutions), 12 U.S.C. 248(a)(1) and (2) and 1844(c) (for
state member banks and bank holding companies), and 12 U.S.C. 1817 (for
insured state nonmember commercial and savings banks). The FFIEC 006,
collected by the OCC and the Board, is given confidential treatment [5
U.S.C. 552(b)(8)]. Small business (i.e., small banks) are affected.
Abstract
These interagency reports collect information on fiduciary asset
totals and activities. They are used to monitor changes in the volume
and character of discretionary trust activity and the volume of
nondiscretionary trust activity and to determine resource needs for
supervisory purposes. The data are also used for statistical and
analytical purposes. No changes are proposed to the FFIEC 001 or the
FFIEC 006 reporting forms or instructins.
2. Report Title: Country Exposure Report/Country Exposure
Information Report.
Form Number: FFIEC 009 and FFIEC 009a.
Frequency of Response: Quarterly.
Affected Public: Business or other for profit.
For OCC:
OMB Number: 1557-0100.
Estimated Number of Repondents: 60 (FFIEC 009), 60 (FFIEC 009a).
Estimated Average Hours per Response: 30 burden hours (FFIEC 009),
5.25 burden hours (FFIEC 009a).
Estimated Total Annual Burden: 7,200 burden hours (FFIEC 009),
1,260 burden hours (FFIEC 009a).
For Board:
OMB Number: 7100-0035.
Estimated Number of Respondents: 105 (FFIEC 009), 24 (FFIEC 009a).
Estimated Average Hours per Response: 30 burden hours (FFIEC 009),
5.25 burden hours (FFIEC 009a).
Estimated Total Annual Burden: 12,600 burden hours (FFIEC 009), 504
burden hours (FFIEC 009a).
For FDIC:
OMB Number: 3064-0017.
Estimated Number of Respondents: 34 (FFIEC 009), 34 (FFIEC 009a).
Estimated Average Hours per Response: 30 burden hours (FFIEC 009),
5.25 burden hours (FFIEC 009a).
Estimated Total Annual Burden: 4,080 burden hours (FFIEC 009), 714
burden hours (FFIEC 009a).
General Description of Reports
This information collection (FFIEC 009 and FFIEC 009a) is
mandatory: 12 U.S.C. 161 (for national banks), 12 U.S.C. 248(a),
1844(c), and 3906 (for state member banks), and 12 U.S.C. 1817 and 1820
(for insured state nonmember commercial and savings banks). The FFIEC
009 information collection is given confidential treatment (5 U.S.C.
552(b)(4) and (b)(8)). The FFIEC 009a information collection is not
given confidential treatment. Small businesses (i.e., small banks) are
not affected. These reports are not collected by OTS.
Abstract
The Country Exposure Report (FFIEC 009) is filed quarterly with the
agencies and provides information on international claims of U.S. banks
and bank holding companies that is used for supervisory and analytical
purposes. The information is used to monitor country exposure of banks
to determine the degree of risk in their portfolios and the possible
impact on U.S. banks of adverse developments in particular countries.
The Country Exposure Information Report (FFIEC 009a) is a supplement to
the FFIEC 009 and provides publicly available information on material
foreign country exposures (all exposures to a country in excess of one
percent of total assets or 20 percent of capital, whichever is less) of
U.S. banks and bank holding companies that file the FFIEC 009 report.
Reporting institutions must also furnish a list of countries in which
they have lending exposures above 0.75 percent of total assets or 15
percent of total capital, whichever is less. No changes are proposed to
the FFIEC 009 reporting forms or the FFIEC 009a reporting forms and
instructions. However, minor
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clarifications are proposed to the FFIEC 009 instructions.
Current Actions
The instructional clarifications to the FFIEC 009 report that are
the subject of this notice have been approved by the Agencies for
implementation as of the December 31, 1999, report date. The proposed
clarifications involve classifying credit derivatives as guarantees.
The affected sections are; C. ``Guaranteed Claims'', E.''Contingencies
and Commitments'', and the specific instructions for column 15.
Request for Comment
Comments are invited on:
a. Whether the information collections are necessary for the proper
performance of the agencies' functions, including whether the
information has practical utility;
b. The accuracy of the agencies' estimates of the burden of the
information collections, 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 information collections 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 and 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.
Dated: August 25, 1999.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division,
Office of the Comptroller of the Currency.
Dated. August 8, 1999.
John E. Werner,
Director, Information & Management Services, Office of Thrift
Supervision.
Board of Governors of the Federal Reserve System, August 30,
1999.
Jennifer J. Johnson,
Secretary of the Board.
Dated at Washington, D.C., this 19th day of August, 1999.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 99-22984 Filed 9-2-99; 8:45 am]
BILLING CODE OCC: 4810-33-P; OTS: 6720-01-P; Board: 6210-01-P; FDIC:
6714-01-P