[Federal Register Volume 90, Number 89 (Friday, May 9, 2025)]
[Notices]
[Pages 19789-19791]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-08159]
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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
AGENCY: 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.
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SUMMARY: In accordance with the requirements of the Paperwork Reduction
Act of 1995 (PRA), the OCC, the Board, and the FDIC (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 for three years, without revision, the
Country Exposure Report (FFIEC 009) and the Country Exposure
Information Report (FFIEC 009a), which are currently approved
collections of information. At the end of the comment period for this
notice, the FFIEC and the agencies will review any comments received to
determine whether to modify the proposal in response to comments. As
required by the PRA, the agencies will then publish a second Federal
Register notice for a 30-day comment period and submit the final FFIEC
009 and FFIEC 009a to OMB for review and approval.
DATES: Comments must be submitted on or before July 8, 2025.
ADDRESSES: Interested parties are invited to submit written comments to
any or all of the agencies. All comments will be shared among the
agencies.
OCC: You may submit comments, which should refer to ``FFIEC 009 and
FFIEC 009a,'' by any of the following methods:
Email: [email protected].
Mail: Chief Counsel's Office, Office of the Comptroller of
the Currency, Attention: 1557-0100, 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Fax: (571) 293-4835.
Instructions: You must include ``OCC'' as the agency name and
``1557-0100'' in your comment. In general, the OCC will publish
comments on www.reginfo.gov without change, including any business or
personal information provided, such as name and address information,
email addresses, or phone numbers. 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.
You may review comments and other related materials that pertain to
this information collection beginning on the date of publication of the
second notice for this collection by the following method:
Viewing Comments Electronically: Go to www.reginfo.gov.
Hover over the ``Information Collection Review'' drop down menu and
select ``Information
[[Page 19790]]
Collection Review.'' Underneath the ``Currently under Review'' section
heading, from the drop-down menu select ``Department of Treasury'' and
then click ``submit.'' This information collection can be located by
searching by OMB control number ``1557-0100.'' Upon finding the
appropriate information collection, click on the related ``ICR
Reference Number.'' On the next screen, select ``View Supporting
Statement and Other Documents'' and then click on the link to any
comment listed at the bottom of the screen.
For assistance in navigating www.reginfo.gov, please contact the
Regulatory Information Service Center at (202) 482-7340.
Board: You may submit comments, which should refer to ``FFIEC 009
and FFIEC 009a'' 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 ``FFIEC
009 and FFIEC 009a'' in the subject line of the message.
Fax: (202) 395-6974.
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 on the Board's website at https://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted,
unless modified for technical reasons. Accordingly, your comments will
not be edited to remove any identifying or contact information.
FDIC: You may submit comments, which should refer to ``FFIEC 009
and FFIEC 009a,'' by any of the following methods:
Agency Website: https://www.fdic.gov/resources/regulations/federal-register-publications/. Follow the instructions for
submitting comments on the FDIC's website.
Email: [email protected]. Include ``FFIEC 009 and FFIEC
009a Extension'' in the subject line of the message.
Mail: Manuel E. Cabeza, Counsel, Attn: Comments, Room MB-
3128, 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 NW building (located on F
Street NW) on business days between 7 a.m. and 5 p.m.
Public Inspection: All comments received, including any
personal information provided, will be posted without change to https://www.fdic.gov/resources/regulations/federal-register-publications/.
Commenters should submit only information that the commenter wishes to
make available publicly. The FDIC may review, redact, or refrain from
posting all or any portion of any comment that it may deem to be
inappropriate for publication, such as irrelevant or obscene material.
The FDIC may post only a single representative example of identical or
substantially identical comments, and in such cases will generally
identify the number of identical or substantially identical comments
represented by the posted example. All comments that have been
redacted, as well as those that have not been posted, that contain
comments on the merits of this document will be retained in the public
comment file and will be considered as required under all applicable
laws. All comments may be accessible under the Freedom of Information
Act.
Additionally, commenters may send a copy of their comments to the
OMB desk officers 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 FFIEC report discussed in this notice, please contact any of
the agency staff whose names appear below. In addition, a copy of the
proposed FFIEC 009 and FFIEC 009a report forms can be obtained at the
FFIEC's website (https://www.ffiec.gov/ffiec_report_forms.htm).
OCC: Shaquita Merritt, Clearance Officer, (202) 649-5490, Chief
Counsel's Office, Office of the Comptroller of the Currency, 400 7th
Street SW, Washington, DC 20219. If you are deaf, hard of hearing, or
have a speech disability, please dial 7-1-1 to access
telecommunications relay services.
Board: 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.
FDIC: Manuel E. Cabeza, Counsel, (202) 898-3767, Legal Division,
Federal Deposit Insurance Corporation, 550 17th Street NW, Washington,
DC 20429.
SUPPLEMENTARY INFORMATION: The agencies are proposing to extend for
three years, without revision, the FFIEC 009 and FFIEC 009a, which are
currently approved collections of information for each agency.
Report Titles: Country Exposure Report and Country Exposure
Information Report.
Form Numbers: FFIEC 009 and FFIEC 009a.
Frequency of Response: Quarterly.
Affected Public: Business or other for profit.
OCC
OMB Number: 1557-0100.
Estimated Number of Respondents: 10 national banks (FFIEC 009), 3
(FFIEC 009a).
Estimated Average Time per Response: 131 hours (FFIEC 009), 6 hours
(FFIEC 009a).
Estimated Total Annual Burden: 5,240 hours (FFIEC 009), 72 hours
(FFIEC 009a).
Board
OMB Number: 7100-0035.
Estimated Number of Respondents: 48 bank holding companies, edge
and/or agreement corporations, financial holding companies,
intermediate holding companies, and state member banks (FFIEC 009), 36
(FFIEC 009a).
Estimated Average Time per Response: 135 hours (FFIEC 009), 6.5
hours (FFIEC 009a).
Estimated Total Annual Burden: 25,920 hours (FFIEC 009), 936 hours
(FFIEC 009a).
FDIC
OMB Number: 3064-0017.
Estimated Number of Respondents: 11 nonmember banks (FFIEC 009), 8
(FFIEC 009a).
Estimated Average Time per Response: 131 hours (FFIEC 009), 6 hours
(FFIEC 009a).
Estimated Total Annual Burden: 5,764 hours (FFIEC 009), 192 hours
(FFIEC 009a).
I. General Description of Reports
The Country Exposure Report (FFIEC 009) is filed quarterly with the
agencies and provides information on international claims of U.S.
banks, savings associations, Edge and/or Agreement corporations, bank
holding companies, savings and loan holding companies, and intermediate
holding companies (U.S. banking organizations) that is used for
supervisory and analytical purposes. The information is used to monitor
the foreign country exposures of reporting institutions to determine
the degree of risk in their
[[Page 19791]]
portfolios and assess the potential risk of loss. The Country Exposure
Information Report (FFIEC 009a) is a supplement to the FFIEC 009 and
provides publicly available information on material foreign country
exposures of U.S. banking organizations that file the FFIEC 009 report.
On the FFIEC 009a, reporting institutions provide a list of countries
in which they have lending exposures above 0.75 percent of their total
assets or 15 percent of their total capital, whichever is less.
Legal Basis and Need for Collection
These information collections are mandatory under the following
statutes: 12 U.S.C. 161 and 1817 (national banks), 12 U.S.C. 1464
(federal savings associations), 12 U.S.C. 248(a)(1) and (2), 1844(c),
and 3906 (state member banks and bank holding companies); 12 U.S.C.
1467a(b)(2)(A) (savings and loan holding companies); 12 U.S.C. 5365(a)
(intermediate holding companies); and 12 U.S.C. 1817 and 1820 (insured
state nonmember commercial and savings banks and insured state savings
associations). 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.
II. Current Actions
The FFIEC has approved issuing for public comment a proposal to
extend without revision for three years the FFIEC 009 and FFIEC 009a.
On April 11, 2024, the agencies received an unsolicited comment from a
trade association regarding the reporting of securities financing
transactions (SFTs) compared to the reporting for other collateralized
claims on the FFIEC 009. This comment is under review by the agencies.
IV. Request for Comment
Public comment is requested on all aspects of this joint notice.
Comment is specifically invited on:
(a) Whether the proposed revisions to the collections of
information that are the subject of this notice 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 as they are proposed to be revised, 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 joint notice will be shared
among the agencies.
Patrick T. Tierney,
Assistant Director, Office of the Comptroller of the Currency.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on April 30, 2025.
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2025-08159 Filed 5-8-25; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P