40119Federal Register / Vol. 71, No. 135 / Friday, July 14, 2006 / Notices
Member City State
Glacier Bank of Whitefish ..................................................................................... Whitefish ............................................... Montana.
Bank of Astoria ..................................................................................................... Astoria ................................................... Oregon.
Bank of Salem ...................................................................................................... Salem .................................................... Oregon.
Columbia River Bank ........................................................................................... The Dalles ............................................. Oregon.
Cascade Bank ...................................................................................................... Everett ................................................... Washington.
Raymond Federal Bank ....................................................................................... Raymond ............................................... Washington.
Evergreen Bank .................................................................................................... Seattle ................................................... Washington.
Washington Federal Savings ............................................................................... Seattle ................................................... Washington.
Sterling Savings Bank .......................................................................................... Spokane ................................................ Washington.
Buffalo Federal Savings Bank .............................................................................. Buffalo ................................................... Wyoming.
Hilltop National Bank ............................................................................................ Casper .................................................. Wyoming.
Big Horn Federal Savings Bank ........................................................................... Greybull ................................................. Wyoming.
II. Public Comments
To encourage the submission of
public comments on the community
support performance of Bank members,
on or before July 28, 2006, each Bank
will notify its Advisory Council and
nonprofit housing developers,
community groups, and other interested
parties in its district of the members
selected for community support review
in the 2006–07 second quarter review
cycle. 12 CFR 944.2(b)(2)(ii). In
reviewing a member for community
support compliance, the Finance Board
will consider any public comments it
has received concerning the member. 12
CFR 944.2(d). To ensure consideration
by the Finance Board, comments
concerning the community support
performance of members selected for the
2006–07 second quarter review cycle
must be delivered to the Finance Board
on or before the September 1, 2006
deadline for submission of Community
Support Statements.
Dated: July 5, 2006.
John P. Kennedy,
General Counsel.
[FR Doc. E6–10779 Filed 7–13–06; 8:45 am]
BILLING CODE 6725 –01–P
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 of 1995 (44 U.S.C.
chapter 35), 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, with
revision the Foreign Branch Report of
Condition (FFIEC 030), which is a
currently approved information
collection for each agency. At the end of
the comment period, the comments and
recommendations received will be
analyzed to determine the extent to
which the FFIEC should modify the
report. The agencies will then submit
the report to OMB for review and
approval.
DATES: Comments must be submitted on
or before September 12, 2006.
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: Communications Division,
Office of the Comptroller of the
Currency, Public Information Room,
Mailstop 1–5, Attention: 1557–0099,
250 E Street, SW., Washington, DC
20219. In addition, comments may be
sent by fax to 202–874–4448, or by
electronic mail to
regs.comments@occ.treas.gov. You can
inspect and photocopy the comments at
the OCC’s Public Information Room, 250
E Street, SW., Washington, DC 20219.
You can make an appointment to
inspect the comments by calling 202–
874–5043.
Board: You may submit comments,
identified by FFIEC 030, by any of the
following methods:
• Agency Web site: http://
www.federalreserve.gov. Follow the
instructions for submitting comments
on the http://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• E-mail:
regs.comments@federalreserve.gov.
Include docket number in the subject
line of the message.
• FAX: 202–452–3819 or 202–452–
3102.
• Mail: Jennifer J. Johnson, 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 http://
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 a.m. and 5 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/notices.html.
• E-mail: comments@FDIC.gov.
Include ‘‘Foreign Branch Report of
Condition, 3064–0011’’ in the subject
line of the message.
• Mail: Steven F. Hanft (202–898–
3907), Paperwork Clearance Officer,
Room MB–3064, 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
VerDate Aug<31>2005 17:44 Jul 13, 2006 Jkt 208001 PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 E:\FR\FM\14JYN1.SGM 14JYN1
jlentini on PROD1PC65 with NOTICES
Member City State
Glacier Bank of Whitefish ..................................................................................... Whitefish ............................................... Montana.
Bank of Astoria ..................................................................................................... Astoria ................................................... Oregon.
Bank of Salem ...................................................................................................... Salem .................................................... Oregon.
Columbia River Bank ........................................................................................... The Dalles ............................................. Oregon.
Cascade Bank ...................................................................................................... Everett ................................................... Washington.
Raymond Federal Bank ....................................................................................... Raymond ............................................... Washington.
Evergreen Bank .................................................................................................... Seattle ................................................... Washington.
Washington Federal Savings ............................................................................... Seattle ................................................... Washington.
Sterling Savings Bank .......................................................................................... Spokane ................................................ Washington.
Buffalo Federal Savings Bank .............................................................................. Buffalo ................................................... Wyoming.
Hilltop National Bank ............................................................................................ Casper .................................................. Wyoming.
Big Horn Federal Savings Bank ........................................................................... Greybull ................................................. Wyoming.
II. Public Comments
To encourage the submission of
public comments on the community
support performance of Bank members,
on or before July 28, 2006, each Bank
will notify its Advisory Council and
nonprofit housing developers,
community groups, and other interested
parties in its district of the members
selected for community support review
in the 2006–07 second quarter review
cycle. 12 CFR 944.2(b)(2)(ii). In
reviewing a member for community
support compliance, the Finance Board
will consider any public comments it
has received concerning the member. 12
CFR 944.2(d). To ensure consideration
by the Finance Board, comments
concerning the community support
performance of members selected for the
2006–07 second quarter review cycle
must be delivered to the Finance Board
on or before the September 1, 2006
deadline for submission of Community
Support Statements.
Dated: July 5, 2006.
John P. Kennedy,
General Counsel.
[FR Doc. E6–10779 Filed 7–13–06; 8:45 am]
BILLING CODE 6725 –01–P
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 of 1995 (44 U.S.C.
chapter 35), 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, with
revision the Foreign Branch Report of
Condition (FFIEC 030), which is a
currently approved information
collection for each agency. At the end of
the comment period, the comments and
recommendations received will be
analyzed to determine the extent to
which the FFIEC should modify the
report. The agencies will then submit
the report to OMB for review and
approval.
DATES: Comments must be submitted on
or before September 12, 2006.
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: Communications Division,
Office of the Comptroller of the
Currency, Public Information Room,
Mailstop 1–5, Attention: 1557–0099,
250 E Street, SW., Washington, DC
20219. In addition, comments may be
sent by fax to 202–874–4448, or by
electronic mail to
regs.comments@occ.treas.gov. You can
inspect and photocopy the comments at
the OCC’s Public Information Room, 250
E Street, SW., Washington, DC 20219.
You can make an appointment to
inspect the comments by calling 202–
874–5043.
Board: You may submit comments,
identified by FFIEC 030, by any of the
following methods:
• Agency Web site: http://
www.federalreserve.gov. Follow the
instructions for submitting comments
on the http://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• E-mail:
regs.comments@federalreserve.gov.
Include docket number in the subject
line of the message.
• FAX: 202–452–3819 or 202–452–
3102.
• Mail: Jennifer J. Johnson, 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 http://
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 a.m. and 5 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/notices.html.
• E-mail: comments@FDIC.gov.
Include ‘‘Foreign Branch Report of
Condition, 3064–0011’’ in the subject
line of the message.
• Mail: Steven F. Hanft (202–898–
3907), Paperwork Clearance Officer,
Room MB–3064, 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
VerDate Aug<31>2005 17:44 Jul 13, 2006 Jkt 208001 PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 E:\FR\FM\14JYN1.SGM 14JYN1
jlentini on PROD1PC65 with NOTICES
40120 Federal Register / Vol. 71, No. 135 / Friday, July 14, 2006 / Notices
1 Respondents are permitted to report branches in
a single country on a consolidated basis. Therefore,
the number of branch respondents in each asset
category does not equal the actual number of
reports filed with the agencies.
2 Abbreviated Financial Statements of Foreign
Subsidiaries of U.S. Banking Organizations (FR
2314S; OMB No. 7100–0073), filed for subsidiaries
with assets between $50 million and $250 million.
(located on F Street) on business days
between 7 a.m. and 5 p.m.
Public Inspection: All comments
received will be posted without change
to http://www.fdic.gov/regulations/laws/
federal/notices/html including any
personal information provided.
Comments may be inspected at the FDIC
Public Information Center, Room E–
1002, 3502 North Fairfax Drive,
Arlington, VA 22226, between 9 a.m.
and 5 p.m. on business days.
Additionally, commenters should
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 or by fax to 202–395–6974.
FOR FURTHER INFORMATION CONTACT:
OCC: Mary Gottlieb, OCC Clearance
Officer, or Camille Dickerson, 202–874–
5090, Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, 250 E
Street, SW., Washington, DC 20219.
Board: Michelle Long, Federal
Reserve Board Clearance Officer, 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 call 202–263–4869,
Board of Governors of the Federal
Reserve System, 20th and C Streets,
NW., Washington, DC 20551.
FDIC: Steven F. Hanft, 202–898–3907,
Room MB–3064, Legal Division, Federal
Deposit Insurance Corporation, 550 17th
Street, NW., Washington, DC 20429.
SUPPLEMENTARY INFORMATION: Proposal
to request approval from OMB of the
extension for three years, with revision,
of 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:
118 annual branch respondents (FFIEC
030); 73 quarterly branch respondents
(FFIEC 030); 200 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:
1,494 burden hours.
Board
OMB Number: 7100–0071.
Estimated Number of Respondents: 17
annual branch respondents (FFIEC 030);
16 quarterly branch respondents (FFIEC
030); 24 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: 288
burden hours.
FDIC
OMB Number: 3064–0011.
Estimated Number of Respondents: 6
annual respondents (FFIEC 030); 2
quarterly respondents (FFIEC 030); 7
annual respondents (FFIEC 030S).
Estimated Average Time Per
Response: 3.4 burden hours (FFIEC
030); 0.5 burden hours (FFIEC 030S).
Estimated Total Annual Burden: 51
burden hours.
General Description of Reports
This information collection is
mandatory: 12 U.S.C. 321, 324, and 602
(Board); 12 U.S.C. 602 (OCC); and 12
U.S.C. 1828 (FDIC). This information
collection is given confidential
treatment (5 U.S.C. 552(b)(8)).
Abstract
The FFIEC 030 contains asset and
liability information for foreign
branches of insured U.S. commercial
banks and state-chartered savings banks
and is required for regulatory and
supervisory purposes. The information
is used to analyze the foreign operations
of U.S. banks. All foreign branches of
U.S. banks regardless of charter type file
this report with the appropriate Federal
Reserve District Bank. The Federal
Reserve collects this information on
behalf of the U.S. bank’s primary federal
bank regulatory agency.
Current Actions
To reduce respondent burden, the
agencies propose to eliminate five
reporting items for branches with total
assets in excess of $250 million, create
a short form (FFIEC 030S) containing
five items to be filed annually by
branches with total assets of between
$50 million and $250 million (in lieu of
filing the entire FFIEC 030 form), and
eliminate the filing requirement for
branches with less than $50 million in
total assets. Of the current number of
689 branch respondents, 231 branch
respondents have total assets of between
$50 million and $250 million and 226
respondents have less than $50 million
in total assets.1 Thus, under this
proposal reporting burden would be
significantly reduced or eliminated for
approximately two-thirds of the
respondents.
Discussion of Proposed Revisions
A. Revisions to the FFIEC 030
The agencies propose to reduce
reporting burden by eliminating five
reporting items for branches with total
assets in excess of $250 million because
the aggregate amounts reported in these
items have declined substantially to a
nominal amount. The five items to be
eliminated are:
• Asset item 6.d, ‘‘Loans to foreign
governments and official institutions.’’
Amounts would be included in current
item 6.e, ‘‘Loans and lease financing
receivables: To all others.’’
• Asset item 7, ‘‘Customers’ liability
to this bank on acceptances
outstanding.’’ Amounts would be
included in current item 13, ‘‘Other
assets.’’
• Asset item 9, ‘‘Accrued interest
receivable.’’ Amounts would be
included in current item 13, ‘‘Other
assets.’’
• Liability item 19, ‘‘Bank’s liability
on acceptances executed and
outstanding.’’ Amounts would be
included in current item 24, ‘‘Other
liabilities.’’
• Liability item 20, ‘‘Accrued taxes
and other expenses.’’ Amounts would
be included in current item 24, ‘‘Other
liabilities.’’
The revisions to the FFIEC 030
reporting form are proposed to be
effective with the December 31, 2006,
reporting date.
B. Implementation of the FFIEC 030S
The agencies propose to create an
abbreviated or ‘‘short’’ report (FFIEC
030S) containing five items that
branches with total assets between $50
million and $250 million would file on
an annual basis in lieu of the FFIEC 030
form. The scope of the FFIEC 030S
would be comparable to a report filed
with the Federal Reserve by U.S.
banking organizations for their foreign
subsidiaries.2 The items proposed for
this report are considered the minimum
information needed to serve as
indicators of higher business volume,
risk, and complexity in small-sized
foreign branches. The reported
information would also be used to
monitor potential developments that
VerDate Aug<31>2005 17:44 Jul 13, 2006 Jkt 208001 PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 E:\FR\FM\14JYN1.SGM 14JYN1
jlentini on PROD1PC65 with NOTICES
1 Respondents are permitted to report branches in
a single country on a consolidated basis. Therefore,
the number of branch respondents in each asset
category does not equal the actual number of
reports filed with the agencies.
2 Abbreviated Financial Statements of Foreign
Subsidiaries of U.S. Banking Organizations (FR
2314S; OMB No. 7100–0073), filed for subsidiaries
with assets between $50 million and $250 million.
(located on F Street) on business days
between 7 a.m. and 5 p.m.
Public Inspection: All comments
received will be posted without change
to http://www.fdic.gov/regulations/laws/
federal/notices/html including any
personal information provided.
Comments may be inspected at the FDIC
Public Information Center, Room E–
1002, 3502 North Fairfax Drive,
Arlington, VA 22226, between 9 a.m.
and 5 p.m. on business days.
Additionally, commenters should
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 or by fax to 202–395–6974.
FOR FURTHER INFORMATION CONTACT:
OCC: Mary Gottlieb, OCC Clearance
Officer, or Camille Dickerson, 202–874–
5090, Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, 250 E
Street, SW., Washington, DC 20219.
Board: Michelle Long, Federal
Reserve Board Clearance Officer, 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 call 202–263–4869,
Board of Governors of the Federal
Reserve System, 20th and C Streets,
NW., Washington, DC 20551.
FDIC: Steven F. Hanft, 202–898–3907,
Room MB–3064, Legal Division, Federal
Deposit Insurance Corporation, 550 17th
Street, NW., Washington, DC 20429.
SUPPLEMENTARY INFORMATION: Proposal
to request approval from OMB of the
extension for three years, with revision,
of 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:
118 annual branch respondents (FFIEC
030); 73 quarterly branch respondents
(FFIEC 030); 200 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:
1,494 burden hours.
Board
OMB Number: 7100–0071.
Estimated Number of Respondents: 17
annual branch respondents (FFIEC 030);
16 quarterly branch respondents (FFIEC
030); 24 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: 288
burden hours.
FDIC
OMB Number: 3064–0011.
Estimated Number of Respondents: 6
annual respondents (FFIEC 030); 2
quarterly respondents (FFIEC 030); 7
annual respondents (FFIEC 030S).
Estimated Average Time Per
Response: 3.4 burden hours (FFIEC
030); 0.5 burden hours (FFIEC 030S).
Estimated Total Annual Burden: 51
burden hours.
General Description of Reports
This information collection is
mandatory: 12 U.S.C. 321, 324, and 602
(Board); 12 U.S.C. 602 (OCC); and 12
U.S.C. 1828 (FDIC). This information
collection is given confidential
treatment (5 U.S.C. 552(b)(8)).
Abstract
The FFIEC 030 contains asset and
liability information for foreign
branches of insured U.S. commercial
banks and state-chartered savings banks
and is required for regulatory and
supervisory purposes. The information
is used to analyze the foreign operations
of U.S. banks. All foreign branches of
U.S. banks regardless of charter type file
this report with the appropriate Federal
Reserve District Bank. The Federal
Reserve collects this information on
behalf of the U.S. bank’s primary federal
bank regulatory agency.
Current Actions
To reduce respondent burden, the
agencies propose to eliminate five
reporting items for branches with total
assets in excess of $250 million, create
a short form (FFIEC 030S) containing
five items to be filed annually by
branches with total assets of between
$50 million and $250 million (in lieu of
filing the entire FFIEC 030 form), and
eliminate the filing requirement for
branches with less than $50 million in
total assets. Of the current number of
689 branch respondents, 231 branch
respondents have total assets of between
$50 million and $250 million and 226
respondents have less than $50 million
in total assets.1 Thus, under this
proposal reporting burden would be
significantly reduced or eliminated for
approximately two-thirds of the
respondents.
Discussion of Proposed Revisions
A. Revisions to the FFIEC 030
The agencies propose to reduce
reporting burden by eliminating five
reporting items for branches with total
assets in excess of $250 million because
the aggregate amounts reported in these
items have declined substantially to a
nominal amount. The five items to be
eliminated are:
• Asset item 6.d, ‘‘Loans to foreign
governments and official institutions.’’
Amounts would be included in current
item 6.e, ‘‘Loans and lease financing
receivables: To all others.’’
• Asset item 7, ‘‘Customers’ liability
to this bank on acceptances
outstanding.’’ Amounts would be
included in current item 13, ‘‘Other
assets.’’
• Asset item 9, ‘‘Accrued interest
receivable.’’ Amounts would be
included in current item 13, ‘‘Other
assets.’’
• Liability item 19, ‘‘Bank’s liability
on acceptances executed and
outstanding.’’ Amounts would be
included in current item 24, ‘‘Other
liabilities.’’
• Liability item 20, ‘‘Accrued taxes
and other expenses.’’ Amounts would
be included in current item 24, ‘‘Other
liabilities.’’
The revisions to the FFIEC 030
reporting form are proposed to be
effective with the December 31, 2006,
reporting date.
B. Implementation of the FFIEC 030S
The agencies propose to create an
abbreviated or ‘‘short’’ report (FFIEC
030S) containing five items that
branches with total assets between $50
million and $250 million would file on
an annual basis in lieu of the FFIEC 030
form. The scope of the FFIEC 030S
would be comparable to a report filed
with the Federal Reserve by U.S.
banking organizations for their foreign
subsidiaries.2 The items proposed for
this report are considered the minimum
information needed to serve as
indicators of higher business volume,
risk, and complexity in small-sized
foreign branches. The reported
information would also be used to
monitor potential developments that
VerDate Aug<31>2005 17:44 Jul 13, 2006 Jkt 208001 PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 E:\FR\FM\14JYN1.SGM 14JYN1
jlentini on PROD1PC65 with NOTICES