45274 Federal Register / Vol. 80, No. 145 / Wednesday, July 29, 2015 / Notices
by the name of the individual
submitting the comment (or signing the
comment, if submitted on behalf of an
association, business, labor union, etc.).
The Department of Transportation
Privacy Act Statement can be viewed in
the Federal Register published on April
11, 2000 (Volume 65, Number 70, pages
19477–78) or by visiting http://
www.regulations.gov.
(Authority: 33 U.S.C. 1501, et seq., 49 CFR
1.93(h)).
Dated: July 24, 2015.
By Order of the Maritime Administrator.
T. Mitchell Hudson, Jr.,
Secretary, Maritime Administration.
[FR Doc. 2015–18594 Filed 7–28–15; 8:45 am]
BILLING CODE 4910–81–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 (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 prainfo@occ.treas.gov.
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: regs.comments@
federalreserve.gov. 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: comments@FDIC.gov.
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 oira_
submission@omb.eop.gov.
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).
VerDate Sep<11>2014 17:33 Jul 28, 2015 Jkt 235001 PO 00000 Frm 00094 Fmt 4703 Sfmt 4703 E:\FR\FM\29JYN1.SGM 29JYN1
tkelley on DSK3SPTVN1PROD with NOTICES
by the name of the individual
submitting the comment (or signing the
comment, if submitted on behalf of an
association, business, labor union, etc.).
The Department of Transportation
Privacy Act Statement can be viewed in
the Federal Register published on April
11, 2000 (Volume 65, Number 70, pages
19477–78) or by visiting http://
www.regulations.gov.
(Authority: 33 U.S.C. 1501, et seq., 49 CFR
1.93(h)).
Dated: July 24, 2015.
By Order of the Maritime Administrator.
T. Mitchell Hudson, Jr.,
Secretary, Maritime Administration.
[FR Doc. 2015–18594 Filed 7–28–15; 8:45 am]
BILLING CODE 4910–81–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 (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 prainfo@occ.treas.gov.
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: regs.comments@
federalreserve.gov. 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: comments@FDIC.gov.
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 oira_
submission@omb.eop.gov.
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).
VerDate Sep<11>2014 17:33 Jul 28, 2015 Jkt 235001 PO 00000 Frm 00094 Fmt 4703 Sfmt 4703 E:\FR\FM\29JYN1.SGM 29JYN1
tkelley on DSK3SPTVN1PROD with NOTICES
45275Federal Register / Vol. 80, No. 145 / Wednesday, July 29, 2015 / Notices
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.
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.
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
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tkelley on DSK3SPTVN1PROD with NOTICES
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.
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.
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
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tkelley on DSK3SPTVN1PROD with NOTICES