[Federal Register Volume 80, Number 145 (Wednesday, July 29, 2015)]
[Notices]
[Pages 45274-45276]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-18588]


=======================================================================
-----------------------------------------------------------------------

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

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: Joint notice and request for comment.

-----------------------------------------------------------------------

SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act (PRA) of 1995 (44 U.S.C. chapter 35), the OCC, the Board, and the 
FDIC (collectively, 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, with 
revision, the Foreign Branch Report of Condition (FFIEC 030 and FFIEC 
030S), which is a currently approved information collection for each 
agency. The proposed changes would be effective for the FFIEC 030 and 
FFIEC 030S reports as of the December 31, 2015, report date. At the end 
of the comment period, the comments and recommendations received will 
be analyzed to determine the extent to which the FFIEC and the agencies 
should modify the proposed revisions prior to giving final approval. 
The agencies will then submit the revisions to OMB for review and 
approval.

DATES: Comments must be submitted on or before September 28, 2015.

ADDRESSES: Interested parties are invited to submit written comments to 
any or all of the agencies. All comments, which should refer to the OMB 
control number, will be shared among the agencies.
    OCC: Because paper mail in the Washington, DC, area and at the OCC 
is subject to delay, commenters are encouraged to submit comments by 
email, if possible. Comments may be sent to: Legislative and Regulatory 
Activities Division, Office of the Comptroller of the Currency, 
Attention: 1557-0099, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-
11, Washington, DC 20219. In addition, comments may be sent by fax to 
(571) 465-4326 or by electronic mail to [email protected]. You may 
personally inspect and photocopy comments at the OCC, 400 7th Street 
SW., Washington, DC 20219. For security reasons, the OCC requires that 
visitors make an appointment to inspect comments. You may do so by 
calling (202) 649-6700. Upon arrival, visitors will be required to 
present valid government-issued photo identification and submit to 
security screening in order to inspect and photocopy comments.
    All 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.
    Board: You may submit comments, identified by FFIEC 030 or FFIEC 
030S, by any of the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at: http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include reporting 
form number in the subject line of the message.
     FAX: (202) 452-3819 or (202) 452-3102.
     Mail: Robert DeV. Frierson, Secretary, Board of Governors 
of the Federal Reserve System, 20th Street and Constitution Avenue NW., 
Washington, DC 20551.
    All public comments are available from the Board's Web site at 
www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as submitted, 
unless modified for technical reasons. Accordingly, your comments will 
not be edited to remove any identifying or contact information. Public 
comments may also be viewed electronically or in paper in Room MP-500 
of the Board's Martin Building (20th and C Streets NW.) between 9:00 
a.m. and 5:00 p.m. on weekdays.
    FDIC: You may submit comments, which should refer to ``Foreign 
Branch Report of Condition, 3064-0011,'' by any of the following 
methods:
     Agency Web site: http://www.fdic.gov/regulations/laws/federal/propose.html. Follow the instructions for submitting comments 
on the FDIC's Web site.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include ``FFIEC 030 and FFIEC 
030S'' in the subject line of the message.
     Mail: Gary A. Kuiper, Counsel, Attn: Comments, Room MB-
3074, Federal Deposit Insurance Corporation, 550 17th Street NW., 
Washington, DC 20429.
     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.
    Public Inspection: All comments received will be posted without 
change to http://www.fdic.gov/regulations/laws/federal/propose.html 
including any personal information provided. Comments may be inspected 
at the FDIC Public Information Center, Room E-1002, 3501 Fairfax Drive, 
Arlington, VA 22226, between 9:00 a.m. and 5:00 p.m. on business days.
    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 
[email protected].

FOR FURTHER INFORMATION CONTACT: For further information about the 
revisions discussed in this notice, please contact any of the agency 
clearance officers whose names appear below. In addition, copies of the 
report forms can be obtained at the FFIEC's Web site (http://www.ffiec.gov/ffiec_report_forms.htm).

[[Page 45275]]

    OCC: Shaquita Merritt, OCC Clearance Officer, (202) 649-5490, for 
persons who are deaf or hard of hearing, TTY, (202) 649-5597, 
Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219.
    Board: Mark Tokarski, Federal Reserve Board Acting Clearance 
Officer, (202) 452-3829, 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: Gary A. Kuiper, Counsel, (202) 898-3877, Legal Division, 
Federal Deposit Insurance Corporation, 550 17th Street NW., Washington, 
DC 20429.

SUPPLEMENTARY INFORMATION: Proposal to extend for three years, with 
revision, the following currently approved collections of information:
    Report Title: Foreign Branch Report of Condition.
    Form Numbers: FFIEC 030 and FFIEC 030S.
    Frequency of Response: Annually, and quarterly for significant 
branches.
    Affected Public: Business or other for profit.

OCC

    OMB Number: 1557-0099.
    Estimated Number of Respondents: 199 annual branch respondents 
(FFIEC 030). 57 quarterly branch respondents (FFIEC 030). 30 annual 
branch respondents (FFIEC 030S).
    Estimated Average Time per Response: 3.4 burden hours (FFIEC 030). 
0.5 burden hours (FFIEC 030S).
    Estimated Total Annual Burden: 1,467 burden hours.

Board

    OMB Number: 7100-0071.
    Estimated Number of Respondents: 14 annual branch respondents 
(FFIEC 030). 24 quarterly branch respondents (FFIEC 030). 11 annual 
branch respondents (FFIEC 030S).
    Estimated Average Time per Response: 3.4 burden hours (FFIEC 030). 
0.5 burden hours (FFIEC 030S).
    Estimated Total Annual Burden: 380 burden hours.

FDIC

    OMB Number: 3064-0011.
    Estimated Number of Respondents: 8 annual branch respondents (FFIEC 
030). 1 quarterly branch respondent (FFIEC 030). 8 annual branch 
respondents (FFIEC 030S).
    Estimated Average Time per Response: 3.4 burden hours (FFIEC 030). 
0.5 burden hours (FFIEC 030S).
    Estimated Total Annual Burden: 45 burden hours.

General Description of Reports

    This information collection is mandatory: 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).

Abstract

    The FFIEC 030 contains asset and liability information for foreign 
branches of insured U.S. banks and insured U.S. savings associations 
(U.S. 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.
    An institution must file a separate report for each foreign branch, 
but in some cases may consolidate filing for multiple foreign branches 
in the same country, as discussed 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 is 
required to report quarterly on the FFIEC 030. A foreign branch that 
does not meet either of the criteria to file quarterly, but has total 
assets in excess of $250 million, must file the entire FFIEC 030 report 
on an annual basis as of each December 31.
    A foreign branch that does not meet the criteria to file the FFIEC 
030 report, but has total assets of $50 million or more (but less than 
or equal to $250 million), must file the Abbreviated Foreign Branch 
Report of Condition (FFIEC 030S) on an annual basis as of each December 
31.

Current Actions

    The agencies propose to revise the officer declaration requirement 
that applies to the FFIEC 030 and FFIEC 030S, reduce the information 
provided if the consolidation option is elected, and add a field on the 
cover page for an institution to indicate whether the branch meets the 
criteria for annual or quarterly filing.
    At present, the FFIEC 030 and FFIEC 030S reports must be signed by 
an authorized officer who addresses the correctness of the information 
reported by stating only that the report is true and correct to the 
best of his or her knowledge and belief. The agencies propose to revise 
the language of this declaration requirement to make explicit that the 
authorized officer must be an officer of the parent U.S. institution 
who attests that the report, including any consolidated branches, has 
been prepared in conformance with the instructions issued by the 
Federal Financial Institutions Examination Council and is true and 
correct to the best of his or her knowledge and belief. In addition, 
this attestation language would be moved from page 3 to page 1 of the 
FFIEC 030.
    At a U.S. institution's option, branches in a single country 
currently may report their year-end information on a consolidated 
basis.\1\ When this option is exercised, each branch that is 
consolidated into the report for the U.S. institution's principal 
branch in a country is instructed to state on the cover page of its 
report that no figures are shown for this branch in its report because 
its figures have been consolidated with those reported by the principal 
branch in that country. The branch that has been consolidated also must 
include its address on the cover page of its report, which it must file 
with the appropriate Federal Reserve District Bank. In turn, the 
principal branch is instructed to state the number of branches in the 
country that are consolidated into its report, and then list the 
address of each consolidated branch. The agencies propose to eliminate 
the requirement for a branch that is consolidated into the report for 
the U.S. institution's principal branch in a country to submit the 
cover page of the report containing the statement that the branch is 
consolidated into the report filed by the principal branch in that 
country, along with its address. This requirement is unnecessary given 
that this information is conveyed in the report for the U.S. 
institution's principal branch in that country.
---------------------------------------------------------------------------

    \1\ However, foreign branches that meet the threshold for 
reporting on a quarterly basis must not be consolidated with any 
other branch. In addition, a branch with total assets of less than 
$50 million, which is exempt from filing the FFIEC 030 and 030S 
reports, need not be consolidated.
---------------------------------------------------------------------------

    The FFIEC 030 report for December 31 must be filed by both annual 
and quarterly respondents. To aid in identifying annual versus 
quarterly respondents, the agencies propose to add a field to the cover 
page of the FFIEC 030 report in which respondents would indicate 
whether the report is filed annually or quarterly. This field would 
only need to be completed annually on the December 31 report.

Request for Comment

    Public comment is requested on all aspects of this joint notice. 
Comments are invited on:
    a. Whether the information collection is necessary for the proper 
performance

[[Page 45276]]

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 the requested 
information.
    Comments submitted in response to this notice will be shared among 
the agencies. All comments will become a matter of public record.

    Dated: July 17, 2015.
Stuart Feldstein,
Director, Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency.
    Board of Governors of the Federal Reserve System, July 22, 2015.
Robert deV. Frierson,
Secretary of the Board.
    Dated at Washington, DC, this 17th day of July, 2015.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2015-18588 Filed 7-28-15; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P