[Federal Register Volume 65, Number 43 (Friday, March 3, 2000)]
[Notices]
[Pages 11633-11634]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-5129]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

Federal Reserve System Federal Deposit Insurance Corporation


Agency Information Collection Activities: Submission for OMB 
Review; Joint Comment Request

AGENCIES: 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: Submission for OMB Review; Joint Comment Request.

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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 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.
    On September 3, 1999, the agencies, under the auspices of the 
Federal Financial Institutions Examination Council (FFIEC), requested 
public comment for 60 days on the extension, without revision, of the 
currently approved information collections: the Country Exposure Report 
(FFIEC 009) and the Country Exposure Information Report (FFIEC 009a). 
However, minor clarifications were proposed to the FFIEC 009 
instructions.

DATES: Comments must be submitted on or before April 3, 2000.

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 should be submitted to the Communications 
Division, Office of the Comptroller of the Currency, 250 E Street, SW, 
Third Floor, Attention: 1557-0100 (FFIEC 009 and 009a), Washington, DC 
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, SW, Washington, DC 20219 between 9 
a.m. and 5 p.m. on business days. Appointments for inspection of 
comments may be made by calling (202) 874-5043.
    Board: Written comments should be addressed to Jennifer J. Johnson, 
Secretary, Board of Governors of the Federal Reserve System, 20th and C 
Streets, NW, Washington, DC 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, NW. Comments received may be 
inspected in room M-P-500 between 9 a.m. and 5 p.m., except as provided 
in section 261.12 of the Board's Rules Regarding Availability of 
Information, 12 CFR 261.12(a).
    FDIC: Written comments should be addressed to Robert E. Feldman, 
Executive Secretary, Attention: Comments/OES, Federal Deposit Insurance 
Corporation, 550 17th Street, NW, Washington, DC 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 7 a.m. and 5 
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, NW, Washington, DC, 
between 9 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, DC 20503.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
a copy of an agency's submission may be obtained by contacting:
    OCC: Jessie Dunaway, OCC Clearance Officer, or Camille Dixon, (202) 
874-5090, Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, 250 E Street, SW, Washington, DC 20219.
    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, NW, Washington, DC 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 NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION:

Proposal To Extend for Three Years With Minor Instructional 
Clarifications the Following Currently Approved Collections of 
Information

    Report Title: Country Exposure Report/Country Exposure Information 
Report.

[[Page 11634]]

    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 Respondents: 50 (FFIEC 009); 50 (FFIEC 009a).
    Estimated Average Time per Response: 30 burden hours (FFIEC 009); 
5.25 burden hours (FFIEC 009a).
    Estimated Total Annual Burden: 6,000 burden hours (FFIEC 009); 
1,050 burden hours (FFIEC 009a).
    For Board:
    OMB Number: 7100-0035.
    Estimated Number of Respondents: 39 (FFIEC 009); 16 (FFIEC 009a).
    Estimated Average Time per Response: 30 burden hours (FFIEC 009); 
5.25 burden hours (FFIEC 009a).
    Total Annual Burden: 4,680 burden hours (FFIEC 009); 336 burden 
hours (FFIEC 009a).
    For FDIC:
    OMB Number: 3064-0017.
    Estimated Number of Respondents: 35 (FFIEC 009); 35 (FFIEC 009a).
    Estimated Average Time per Response: 30 burden hours (FFIEC 009); 
5.25 burden hours (FFIEC 009a).
    Estimated Total Annual Burden: 4,200 burden hours (FFIEC 009); 735 
burden hours (FFIEC 009a).

General Description of Reports

    This information collection (FFIEC 009 and FFIEC 009a) is 
mandatory: 12 U.S.C. 161 and 1817 (for national banks); 12 U.S.C. 
248(a), 1844(c), and 3906 (for state member banks and bank holding 
companies); 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.

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 clarifications are proposed to the FFIEC 
009 instructions.
    Current actions: The agencies received one comment letter in 
response to the notice published in the Federal Register on September 
3, 1999 (64 FR 48453) requesting public comment on the extension 
without revision, with minor clarification to the FFIEC 009 
instructions for the treatment of credit derivatives. The commenter 
supported an instructional clarification for the treatment of credit 
derivatives and recommended specific language. In addition, the 
commenter recommended the agencies clarify the treatment for securities 
reverse repurchase agreements (resale agreements) in these information 
collections.
    After consideration of the comment letter, the agencies decided to 
clarify the treatment of credit derivatives in the instructions 
effective as of the June 30, 2000, report date. However, the agencies 
determined that further study of the impact of alternative treatments 
for resale agreements on these information collections is warranted. 
The agencies will reconsider the need for a clarification on the 
treatment of resale agreements after the issue has been studied 
further.

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. 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: February 23, 2000.
Mark J Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency.
Board of Governors of the Federal Reserve System, February 28, 2000.
Jennifer J. Johnson,
Secretary of the Board.

    Dated at Washington, DC, this 16th day of February, 2000.

Federal Deposit Insurance Corporation.
James D. LaPierre,
Deputy Executive Secretary.
[FR Doc. 00-5129 Filed 3-2-00; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P