[Federal Register Volume 83, Number 82 (Friday, April 27, 2018)]
[Notices]
[Pages 18564-18565]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-08838]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System (Board), 
Federal Reserve System.

ACTION: Notice and request for comment.

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SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act of 1995 (PRA), the Board, the Federal Deposit Insurance Corporation 
(FDIC), and the Office of the Comptroller of the Currency (OCC) 
(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 
Board's publication for public comment of a proposal to extend, without 
revision, the Country Exposure Report for U.S. Branches and Agencies of 
Foreign Banks (FFIEC 019), which is currently an approved collection of 
information. The Board is publishing this proposal on behalf of the 
agencies. In determining whether to modify the proposed collection of 
information, the agencies will consider all comments received. As 
required by the PRA, the Board would then publish a second Federal 
Register notice for a 30-day comment period and submit the final FFIEC 
019 to OMB for review and approval.

DATES: Comments must be submitted on or before June 26, 2018.

ADDRESSES: Interested parties are invited to submit written comments to 
the agency listed below. All comments, which should refer to the OMB 
control number, will be shared among the agencies.
    You may submit comments, which should refer to ``FFIEC 019,'' by 
any of the following methods:
     Agency website: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at: http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
     Email: [email protected]. Include the 
reporting

[[Page 18565]]

form number in the subject line of the message.
     Fax: (202) 452-3819 or (202) 452-3102.
     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 from the Board's website 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 form in Room 
3515, 1801 K Street NW (between 18th and 19th Streets NW), Washington, 
DC 20006, between 9:00 a.m. and 5:00 p.m. on weekdays.
    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 
proposed extension without revision of the FFIEC 019 discussed in this 
notice, please contact the agency staff member whose name appears 
below. In addition, a copy of the FFIEC 019 form can be obtained at the 
FFIEC's website (https://www.ffiec.gov/ffiec_report_forms.htm).
    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.

SUPPLEMENTARY INFORMATION: The Board is proposing to extend for three 
years, without revision, the FFIEC 019.
    Report Title: Country Exposure Report for U.S. Branches and 
Agencies of Foreign Banks.
    Form Number: FFIEC 019.
    OMB Control Number: 7100-0213.
    Frequency of Response: Quarterly.
    Affected Public: Business or other for-profit.
    Respondents: All branches and agencies of foreign banks domiciled 
in the United States with total direct claims on foreign residents in 
excess of $30 million.
    Estimated Number of Respondents: 156.
    Estimated Average Burden per Response: 10 hours.
    Estimated Total Annual Burden: 6,240 hours.
    Type of Review: Extension of currently approved collection.

I. General Description of Report

    This information collection is required pursuant to sections 7 and 
13 of the International Banking Act (12 U.S.C. 3105 and 3108) for the 
Board, sections 7 and 10 of the Federal Deposit Insurance Act (12 
U.S.C. 1817 and 1820) for the FDIC, and the National Bank Act (12 
U.S.C. 161) as applied through section 4 of the International Banking 
Act (12 U.S.C. 3102) for the OCC. The FFIEC 019 is given confidential 
treatment consistent with 5 U.S.C. 552(b)(4) and (b)(8).

Abstract

    The FFIEC 019 report must be filed by each U.S. branch or agency of 
a foreign bank that has total direct claims on foreign residents in 
excess of $30 million. The branch or agency reports its total exposure 
(1) to residents of its home country, and (2) to the other five foreign 
nations to which its exposure is largest and is at least $20 million. 
The home country exposure must be reported regardless of the size of 
the total claims for that nation.
    Each respondent must report by country, as appropriate, the 
information on its direct claims (assets such as deposit balances with 
banks, loans, or securities), indirect claims (which include 
guarantees), and total adjusted claims on foreign residents, as well as 
information on commitments. The respondent also must report information 
on claims on related non-U.S. offices that are included in total 
adjusted claims on the home country, as well as a breakdown for the 
home country and each other reported country of adjusted claims on 
unrelated foreign residents by the sector of borrower or guarantor, and 
by maturity (in two categories: One year or less, and over one year). 
The Federal Reserve System collects and processes this report on behalf 
of all three agencies.

II. Current Actions

    The FFIEC has approved the Board's publication for public comment 
of a proposal to extend for three years, without revision, the FFIEC 
019.

III. Request for Comment

    The FFIEC 019 has remained substantially the same, including with 
respect to the reporting scope and thresholds, since its original 
adoption in May 1997. Although the agencies are not proposing any 
revisions to the FFIEC 019, they are interested in respondents' views 
on potential revisions they should consider in future proposals. This 
includes views on whether and how to adjust the $20 million minimum 
threshold for reporting a non-home foreign country exposure and whether 
to change the number of non-home foreign countries over that threshold 
that are reported.
    Public comment is requested on all aspects of this notice. Comment 
is also 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.

    Board of Governors of the Federal Reserve System, April 23, 
2018.
Ann Misback,
Secretary of the Board.
[FR Doc. 2018-08838 Filed 4-26-18; 8:45 am]
 BILLING CODE 6210-01-P