55741Federal Register / Vol. 68, No. 187 / Friday, September 26, 2003 / Notices
1 The Board will grant a stay if an informed
decision on environmental issues (whether raised
by a party or by the Board’s Section of
Environmental Analysis (SEA) in its independent
investigation) cannot be made before the
exemption’s effective date. See Exemption of Out-
of-Service Rail Lines, 5 I.C.C.2d 377 (1989). Any
request for a stay should be filed as soon as possible
so that the Board may take appropriate action before
the exemption’s effective date.
2 Each OFA must be accompanied by the filing
fee, which currently is set at $1,100. See 49 CFR
1002.2(f)(25).
Surface Transportation Board (Board) or
with any U.S. District Court or has been
decided in favor of complainant within
the 2-year period; and (4) the
requirements at 49 CFR 1105.7
(environmental reports), 49 CFR 1105.8
(historic reports), 49 CFR 1105.11
(transmittal letter), 49 CFR 1105.12
(newspaper publication), and 49 CFR
1152.50(d)(1) (notice to governmental
agencies) have been met.
As a condition to this exemption, any
employee adversely affected by the
abandonment shall be protected under
Oregon Short Line R. Co.—
Abandonment—Goshen, 360 I.C.C. 91
(1979). To address whether this
condition adequately protects affected
employees, a petition for partial
revocation under 49 U.S.C. 10502(d)
must be filed. Provided no formal
expression of intent to file an offer of
financial assistance (OFA) has been
received, this exemption will be
effective on October 28, 2003, unless
stayed pending reconsideration.
Petitions to stay that do not involve
environmental issues,1 formal
expressions of intent to file an OFA
under 49 CFR 1152.27(c)(2),2 and trail
use/rail banking requests under 49 CFR
1152.29 must be filed by October 6,
2003. Petitions to reopen or requests for
public use conditions under 49 CFR
1152.28 must be filed by October 16,
2003, with: Surface Transportation
Board, 1925 K Street, NW., Washington,
DC 20423–0001.
A copy of any petition filed with the
Board should be sent to UP’s
representative: Mack H. Shumate, Jr.,
Senior General Attorney, Union Pacific
Railroad Company, 101 North Wacker
Drive, Room 1920, Chicago, IL 60606.
If the verified notice contains false or
misleading information, the exemption
is void ab initio.
UP has filed an environmental report
which addresses the abandonment’s
effects, if any, on the environment and
historic resources. SEA will issue an
environmental assessment (EA) by
October 3, 2003. Interested persons may
obtain a copy of the EA by writing to
SEA (Room 500, Surface Transportation
Board, Washington, DC 20423–0001) or
by calling SEA, at (202) 565–1539.
[Assistance for the hearing impaired is
available through the Federal
Information Relay Service (FIRS) at 1–
800–877–8339.] Comments on
environmental and historic preservation
matters must be filed within 15 days
after the EA becomes available to the
public.
Environmental, historic preservation,
public use, or trail use/rail banking
conditions will be imposed, where
appropriate, in a subsequent decision.
Pursuant to the provisions of 49 CFR
1152.29(e)(2), UP shall file a notice of
consummation with the Board to signify
that it has exercised the authority
granted and fully abandoned the line. If
consummation has not been effected by
UP’s filing of a notice of consummation
by September 26, 2004, and there are no
legal or regulatory barriers to
consummation, the authority to
abandon will automatically expire.
Board decisions and notices are
available on our website at http://
www.stb.dot.gov.
Decided: September 22, 2003.
By the Board, David M. Konschnik,
Director, Office of Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 03–24390 Filed 9–25–03; 8:45 am]
BILLING CODE 4915 –00–P
DEPARTMENT OF THE TREASURY
Office of International Affairs; Survey
of U.S. Ownership of Foreign
Securities as of December 31, 2003
AGENCY: Departmental Offices,
Department of the Treasury.
ACTION: Notice of reporting
requirements.
SUMMARY: By this Notice, the
Department of the Treasury is informing
the public that it is conducting a
mandatory survey of U.S. ownership of
foreign securities as of December 31,
2003. This Notice constitutes legal
notification to all United States persons
who are in the reporting panel set forth
in this Notice that they must respond to
this survey. Additional copies of the
reporting form SHCA and instructions
may be printed from the Internet at:
http://www.treas.gov/tic/forms.html.
Who Must Report: It is expected that
reporting will be required only from
those organizations which reported the
largest values of securities data on the
benchmark survey Form SHC entitled
‘‘U.S. Ownership of Foreign Securities,
Including Selected Money Market
Instruments as of December 31, 2001’’.
The panel for this survey is expected to
include: The 36 largest custodians and
largest end-investors that filed schedule
2 in the aforementioned 2001
benchmark survey; and 194 of the next
largest end-investors that filed schedule
3 in the aforementioned 2001
benchmark survey. Entities required to
report will be contacted individually by
the Federal Reserve Bank of New York.
Entities not contacted by the Federal
Reserve Bank of New York have no
reporting responsibilities.
What To Report: This report will
collect information on U.S. resident
holdings of foreign securities, i.e.
equities, long-term debt securities, and
short-term debt securities (including
selected money market instruments).
How To Report: Copies of the survey
forms and instructions, which contain
complete information on reporting
procedures and definitions, can be
obtained by contacting the survey staff
of the Federal Reserve Bank of New
York at (212) 720–6300, e-mail:
SHC.help@ny.frb.org. The mailing
address is: Federal Reserve Bank of New
York, Statistics Function, 4th Floor, 33
Liberty Street, New York, NY 10045–
0001.
When To Report: Data must be
submitted to the Federal Reserve Bank
of New York, acting as fiscal agent for
the Department of the Treasury, by
March 5, 2004.
Dwight Wolkow,
Administrator, International Portfolio
Investment Data Reporting Systems.
[FR Doc. 03–24325 Filed 9–25–03; 8:45 am]
BILLING CODE 4810 –25–P
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: Notice of information collection
to be submitted to OMB for review and
approval under the Paperwork
Reduction Act of 1995.
SUMMARY: In accordance with the
requirements of the Paperwork
Reduction Act of 1995 (44 U.S.C.
VerDate jul<14>2003 20:21 Sep 25, 2003 Jkt 200001 PO 00000 Frm 00167 Fmt 4703 Sfmt 4703 E:\FR\FM\26SEN1.SGM 26SEN1
1 The Board will grant a stay if an informed
decision on environmental issues (whether raised
by a party or by the Board’s Section of
Environmental Analysis (SEA) in its independent
investigation) cannot be made before the
exemption’s effective date. See Exemption of Out-
of-Service Rail Lines, 5 I.C.C.2d 377 (1989). Any
request for a stay should be filed as soon as possible
so that the Board may take appropriate action before
the exemption’s effective date.
2 Each OFA must be accompanied by the filing
fee, which currently is set at $1,100. See 49 CFR
1002.2(f)(25).
Surface Transportation Board (Board) or
with any U.S. District Court or has been
decided in favor of complainant within
the 2-year period; and (4) the
requirements at 49 CFR 1105.7
(environmental reports), 49 CFR 1105.8
(historic reports), 49 CFR 1105.11
(transmittal letter), 49 CFR 1105.12
(newspaper publication), and 49 CFR
1152.50(d)(1) (notice to governmental
agencies) have been met.
As a condition to this exemption, any
employee adversely affected by the
abandonment shall be protected under
Oregon Short Line R. Co.—
Abandonment—Goshen, 360 I.C.C. 91
(1979). To address whether this
condition adequately protects affected
employees, a petition for partial
revocation under 49 U.S.C. 10502(d)
must be filed. Provided no formal
expression of intent to file an offer of
financial assistance (OFA) has been
received, this exemption will be
effective on October 28, 2003, unless
stayed pending reconsideration.
Petitions to stay that do not involve
environmental issues,1 formal
expressions of intent to file an OFA
under 49 CFR 1152.27(c)(2),2 and trail
use/rail banking requests under 49 CFR
1152.29 must be filed by October 6,
2003. Petitions to reopen or requests for
public use conditions under 49 CFR
1152.28 must be filed by October 16,
2003, with: Surface Transportation
Board, 1925 K Street, NW., Washington,
DC 20423–0001.
A copy of any petition filed with the
Board should be sent to UP’s
representative: Mack H. Shumate, Jr.,
Senior General Attorney, Union Pacific
Railroad Company, 101 North Wacker
Drive, Room 1920, Chicago, IL 60606.
If the verified notice contains false or
misleading information, the exemption
is void ab initio.
UP has filed an environmental report
which addresses the abandonment’s
effects, if any, on the environment and
historic resources. SEA will issue an
environmental assessment (EA) by
October 3, 2003. Interested persons may
obtain a copy of the EA by writing to
SEA (Room 500, Surface Transportation
Board, Washington, DC 20423–0001) or
by calling SEA, at (202) 565–1539.
[Assistance for the hearing impaired is
available through the Federal
Information Relay Service (FIRS) at 1–
800–877–8339.] Comments on
environmental and historic preservation
matters must be filed within 15 days
after the EA becomes available to the
public.
Environmental, historic preservation,
public use, or trail use/rail banking
conditions will be imposed, where
appropriate, in a subsequent decision.
Pursuant to the provisions of 49 CFR
1152.29(e)(2), UP shall file a notice of
consummation with the Board to signify
that it has exercised the authority
granted and fully abandoned the line. If
consummation has not been effected by
UP’s filing of a notice of consummation
by September 26, 2004, and there are no
legal or regulatory barriers to
consummation, the authority to
abandon will automatically expire.
Board decisions and notices are
available on our website at http://
www.stb.dot.gov.
Decided: September 22, 2003.
By the Board, David M. Konschnik,
Director, Office of Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 03–24390 Filed 9–25–03; 8:45 am]
BILLING CODE 4915 –00–P
DEPARTMENT OF THE TREASURY
Office of International Affairs; Survey
of U.S. Ownership of Foreign
Securities as of December 31, 2003
AGENCY: Departmental Offices,
Department of the Treasury.
ACTION: Notice of reporting
requirements.
SUMMARY: By this Notice, the
Department of the Treasury is informing
the public that it is conducting a
mandatory survey of U.S. ownership of
foreign securities as of December 31,
2003. This Notice constitutes legal
notification to all United States persons
who are in the reporting panel set forth
in this Notice that they must respond to
this survey. Additional copies of the
reporting form SHCA and instructions
may be printed from the Internet at:
http://www.treas.gov/tic/forms.html.
Who Must Report: It is expected that
reporting will be required only from
those organizations which reported the
largest values of securities data on the
benchmark survey Form SHC entitled
‘‘U.S. Ownership of Foreign Securities,
Including Selected Money Market
Instruments as of December 31, 2001’’.
The panel for this survey is expected to
include: The 36 largest custodians and
largest end-investors that filed schedule
2 in the aforementioned 2001
benchmark survey; and 194 of the next
largest end-investors that filed schedule
3 in the aforementioned 2001
benchmark survey. Entities required to
report will be contacted individually by
the Federal Reserve Bank of New York.
Entities not contacted by the Federal
Reserve Bank of New York have no
reporting responsibilities.
What To Report: This report will
collect information on U.S. resident
holdings of foreign securities, i.e.
equities, long-term debt securities, and
short-term debt securities (including
selected money market instruments).
How To Report: Copies of the survey
forms and instructions, which contain
complete information on reporting
procedures and definitions, can be
obtained by contacting the survey staff
of the Federal Reserve Bank of New
York at (212) 720–6300, e-mail:
SHC.help@ny.frb.org. The mailing
address is: Federal Reserve Bank of New
York, Statistics Function, 4th Floor, 33
Liberty Street, New York, NY 10045–
0001.
When To Report: Data must be
submitted to the Federal Reserve Bank
of New York, acting as fiscal agent for
the Department of the Treasury, by
March 5, 2004.
Dwight Wolkow,
Administrator, International Portfolio
Investment Data Reporting Systems.
[FR Doc. 03–24325 Filed 9–25–03; 8:45 am]
BILLING CODE 4810 –25–P
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: Notice of information collection
to be submitted to OMB for review and
approval under the Paperwork
Reduction Act of 1995.
SUMMARY: In accordance with the
requirements of the Paperwork
Reduction Act of 1995 (44 U.S.C.
VerDate jul<14>2003 20:21 Sep 25, 2003 Jkt 200001 PO 00000 Frm 00167 Fmt 4703 Sfmt 4703 E:\FR\FM\26SEN1.SGM 26SEN1
55742 Federal Register / Vol. 68, No. 187 / Friday, September 26, 2003 / Notices
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.
During the second quarter of 2003, the
agencies, under the auspices of the
Federal Financial Institutions
Examination Council (FFIEC), requested
public comment on the extension,
without revision, of the currently
approved information collections: the
Foreign Branch Report of Condition
(FFIEC 030). In response to a comment
letter received, the FFIEC, of which the
agencies are members, will modify the
information collection to eliminate two
items and redefine four items. The
agencies are now submitting requests to
OMB for approval of the extension, with
revision, of the FFIEC 030 report.
DATES: Comments must be submitted on
or before October 27, 2003.
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: Comments should be sent to the
Public Information Room, Office of the
Comptroller of the Currency, Mailstop
1–5, Attention: 1557–0099, 250 E Street,
S.W., Washington, DC 20219. Due to
delays in paper mail delivery in the
Washington area, commenters are
encouraged to submit comments by fax
or e–mail. Comments may be sent by fax
to (202) 874–4448, or by e–mail to
regs.comments@occ.treas.gov. You can
inspect and photocopy the comments at
the OCC’s Public Information Room, 250
E Street, S.W., Washington, DC 20219.
You can make an appointment to
inspect the comments by calling (202)
874–5043.
Board: Written comments, which
should refer to ‘‘Foreign Branch Report
of Condition, 7100–0071,’’ may be
mailed to Ms. Jennifer J. Johnson,
Secretary, Board of Governors of the
Federal Reserve System, 20th Street and
Constitution Avenue, N.W.,
Washington, DC 20551. However,
because paper mail in the Washington
area and at the Board of Governors is
subject to delay, please consider
submitting your comments by e–mail to
regs.comments@federalreserve.gov, or
faxing them to the Office of the
Secretary at 202–452–3819 or 202–452–
3102. Members of the public may
inspect comments in Room MP–500
between 9:00 a.m. and 5:00 p.m. on
weekdays pursuant to 261.12, except as
provided in 261.14, of the Board’s Rules
Regarding Availability of Information,
12 CFR 261.12 and 261.14.
FDIC: Written comments should be
addressed to Robert E. Feldman,
Executive Secretary, Attention:
Comments/Legal, Federal Deposit
Insurance Corporation, 550 17th Street,
N.W., Washington, D.C. 20429. All
comment should refer to ‘‘Foreign
Branch Report of Condition, 3064–
0011.’’ Commenters are encouraged to
submit comments by fax or electronic
mail [FAX number (202) 898–3838;
Internet address: comments@fdic.gov].
Comments also 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. Comments may be
inspected and photocopied in the FDIC
Public Information Center, Room 100,
801 17th Street, N.W., Washington, D.C.,
between 9:00 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: Joseph F. Lackey, Jr.,
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
Room 10235, Washington, DC 20503 or
electronic mail to jlackeyj@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT:
Additional information or a copy of the
collection may be requested from:
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, S.W., Washington, D.C. 20219.
Board: Cindy Ayouch, 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, N.W., Washington, D.C. 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,
N.W., Washington, D.C. 20551.
FDIC: Steven F. Hanft, FDIC Clearance
Officer, (202) 898–3907, Legal Division,
Federal Deposit Insurance Corporation,
550 17th Street N.W., Washington, D.C.
20429.
SUPPLEMENTARY INFORMATION:
Request for OMB approval to extend for
three years with revision the following
currently approved information
collections:
Title: Foreign Branch Report of
Condition
Form Number: FFIEC 030
Frequency of Response: Annually,
and quarterly for significant branches
Affected Public: Business or other for–
profit
For OCC:
OMB Number: 1557–0099
Number of Respondents: 112 annual
respondents; 47 quarterly respondents
Estimated Time per Response: 3.7
burden hours.
Estimated Total Annual Burden:
1,110 burden hours.
For Board:
OMB Number: 7100–0071
Number of Respondents: 72 annual
respondents; 26 quarterly respondents
Estimated Time per Response: 3.7
burden hours.
Estimated Total Annual Burden: 651
burden hours.
For FDIC:
OMB Number: 3064–0011
Number of Respondents: 16 annual
respondents
Estimated Time per Response: 3.7
burden hours.
Estimated Total Annual Burden: 59
burden hours.
General Description of Report: These
information collections are mandatory:
12 U.S.C. 321, 324, and 602 (Board); 12
U.S.C. 602 (OCC); and 12 U.S.C. 1828
(FDIC). These information collections
are given confidential treatment (5
U.S.C. 552 (b)(8)). Small businesses (that
is, small banks) are not affected.
Abstract: This report contains asset
and liability information for foreign
branches of insured U.S. commercial
banks and is required for regulatory and
supervisory purposes. The information
is used to analyze the foreign operations
of U.S. commercial 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: On May 8, 2003, the
OCC and the Board published a notice
soliciting comment for 60 days on the
proposed extension, without revision, of
the FFIEC 030 (68 FR 24741). The FDIC
published a separate notice proposing
extension, without revision, of the
FFIEC 030 on April 21, 2003 (68 FR
19542). The agencies received one
comment letter from a bankers
association on the proposed extension.
The comment noted that banks are
currently required to report on the
FFIEC 030 the net amounts due from or
due to related institutions of the
consolidated bank on separate lines
according to institution type: other
foreign branches, the head office and
U.S. branches, and the consolidated
subsidiaries of the bank. The association
indicated that providing this level of
detail is particularly burdensome and
VerDate jul<14>2003 20:21 Sep 25, 2003 Jkt 200001 PO 00000 Frm 00168 Fmt 4703 Sfmt 4703 E:\FR\FM\26SEN1.SGM 26SEN1
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.
During the second quarter of 2003, the
agencies, under the auspices of the
Federal Financial Institutions
Examination Council (FFIEC), requested
public comment on the extension,
without revision, of the currently
approved information collections: the
Foreign Branch Report of Condition
(FFIEC 030). In response to a comment
letter received, the FFIEC, of which the
agencies are members, will modify the
information collection to eliminate two
items and redefine four items. The
agencies are now submitting requests to
OMB for approval of the extension, with
revision, of the FFIEC 030 report.
DATES: Comments must be submitted on
or before October 27, 2003.
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: Comments should be sent to the
Public Information Room, Office of the
Comptroller of the Currency, Mailstop
1–5, Attention: 1557–0099, 250 E Street,
S.W., Washington, DC 20219. Due to
delays in paper mail delivery in the
Washington area, commenters are
encouraged to submit comments by fax
or e–mail. Comments may be sent by fax
to (202) 874–4448, or by e–mail to
regs.comments@occ.treas.gov. You can
inspect and photocopy the comments at
the OCC’s Public Information Room, 250
E Street, S.W., Washington, DC 20219.
You can make an appointment to
inspect the comments by calling (202)
874–5043.
Board: Written comments, which
should refer to ‘‘Foreign Branch Report
of Condition, 7100–0071,’’ may be
mailed to Ms. Jennifer J. Johnson,
Secretary, Board of Governors of the
Federal Reserve System, 20th Street and
Constitution Avenue, N.W.,
Washington, DC 20551. However,
because paper mail in the Washington
area and at the Board of Governors is
subject to delay, please consider
submitting your comments by e–mail to
regs.comments@federalreserve.gov, or
faxing them to the Office of the
Secretary at 202–452–3819 or 202–452–
3102. Members of the public may
inspect comments in Room MP–500
between 9:00 a.m. and 5:00 p.m. on
weekdays pursuant to 261.12, except as
provided in 261.14, of the Board’s Rules
Regarding Availability of Information,
12 CFR 261.12 and 261.14.
FDIC: Written comments should be
addressed to Robert E. Feldman,
Executive Secretary, Attention:
Comments/Legal, Federal Deposit
Insurance Corporation, 550 17th Street,
N.W., Washington, D.C. 20429. All
comment should refer to ‘‘Foreign
Branch Report of Condition, 3064–
0011.’’ Commenters are encouraged to
submit comments by fax or electronic
mail [FAX number (202) 898–3838;
Internet address: comments@fdic.gov].
Comments also 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. Comments may be
inspected and photocopied in the FDIC
Public Information Center, Room 100,
801 17th Street, N.W., Washington, D.C.,
between 9:00 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: Joseph F. Lackey, Jr.,
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
Room 10235, Washington, DC 20503 or
electronic mail to jlackeyj@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT:
Additional information or a copy of the
collection may be requested from:
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, S.W., Washington, D.C. 20219.
Board: Cindy Ayouch, 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, N.W., Washington, D.C. 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,
N.W., Washington, D.C. 20551.
FDIC: Steven F. Hanft, FDIC Clearance
Officer, (202) 898–3907, Legal Division,
Federal Deposit Insurance Corporation,
550 17th Street N.W., Washington, D.C.
20429.
SUPPLEMENTARY INFORMATION:
Request for OMB approval to extend for
three years with revision the following
currently approved information
collections:
Title: Foreign Branch Report of
Condition
Form Number: FFIEC 030
Frequency of Response: Annually,
and quarterly for significant branches
Affected Public: Business or other for–
profit
For OCC:
OMB Number: 1557–0099
Number of Respondents: 112 annual
respondents; 47 quarterly respondents
Estimated Time per Response: 3.7
burden hours.
Estimated Total Annual Burden:
1,110 burden hours.
For Board:
OMB Number: 7100–0071
Number of Respondents: 72 annual
respondents; 26 quarterly respondents
Estimated Time per Response: 3.7
burden hours.
Estimated Total Annual Burden: 651
burden hours.
For FDIC:
OMB Number: 3064–0011
Number of Respondents: 16 annual
respondents
Estimated Time per Response: 3.7
burden hours.
Estimated Total Annual Burden: 59
burden hours.
General Description of Report: These
information collections are mandatory:
12 U.S.C. 321, 324, and 602 (Board); 12
U.S.C. 602 (OCC); and 12 U.S.C. 1828
(FDIC). These information collections
are given confidential treatment (5
U.S.C. 552 (b)(8)). Small businesses (that
is, small banks) are not affected.
Abstract: This report contains asset
and liability information for foreign
branches of insured U.S. commercial
banks and is required for regulatory and
supervisory purposes. The information
is used to analyze the foreign operations
of U.S. commercial 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: On May 8, 2003, the
OCC and the Board published a notice
soliciting comment for 60 days on the
proposed extension, without revision, of
the FFIEC 030 (68 FR 24741). The FDIC
published a separate notice proposing
extension, without revision, of the
FFIEC 030 on April 21, 2003 (68 FR
19542). The agencies received one
comment letter from a bankers
association on the proposed extension.
The comment noted that banks are
currently required to report on the
FFIEC 030 the net amounts due from or
due to related institutions of the
consolidated bank on separate lines
according to institution type: other
foreign branches, the head office and
U.S. branches, and the consolidated
subsidiaries of the bank. The association
indicated that providing this level of
detail is particularly burdensome and
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