[Federal Register Volume 62, Number 60 (Friday, March 28, 1997)]
[Notices]
[Page 14909]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-7901]


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FEDERAL RESERVE SYSTEM


Agency information collection activities: Submission for OMB 
review; comment request

AGENCY: Board of Governors of the Federal Reserve System (Board)
ACTION: Notice of information collection to be submitted to OMB for 
review and approval under the Paperwork Reduction Act of 1995

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SUMMARY: In accordance with requirements of the Paperwork Reduction Act 
of 1995 (44 U.S.C. 35), the Board hereby gives notice that it has 
submitted to the Office of Management and Budget (OMB) on behalf of the 
Office of the Comptroller of the Currency, the Federal Deposit 
Insurance Corporation, and the Board (the Agencies) a request for 
review of the information collection system described below. The 
Federal Reserve may not conduct or sponsor, and the respondent is not 
required to respond to, an information collection that has been 
extended, revised, or implemented on or after October 1, 1995, unless 
it displays a currently valid OMB control number.
DATES: Comments must be submitted on or before April 28, 1997.
ADDRESSES: Comments, which should refer to the OMB control number, 
should be addressed to the OMB desk officer for the Board: Alexander 
Hunt, Office of Information and Regulatory Affairs, Office of 
Management and Budget, New Executive Office Building, Room 3208, 
Washington, DC 20503. Comments should also be addressed to William W. 
Wiles, Secretary, Board of Governors of the Federal Reserve System, 
20th and C Streets, N.W., Washington, DC 20551, or delivered to the 
Board's mail room between 8:45 a.m. and 5:15 p.m., and to the security 
control room outside of those hours. Both the mail room and the 
security control room are accessible from the courtyard entrance on 
20th Street between Constitution Avenue and C Street, N.W. Comments 
received may be inspected in room M-P-500 between 9:00 a.m. and 5:00 
p.m., except as provided in section 261.8 of the Board's Rules 
Regarding Availability of Information, 12 CFR 261.8(a).
FOR FURTHER INFORMATION CONTACT: A copy of the Paperwork Reduction Act 
Submission (OMB 83-I), supporting statement, and other documents that 
have been submitted to OMB for review and approval may be requested 
from the agency clearance officer, whose name appears below.
Mary M. McLaughlin, Federal Reserve Board Clearance Officer (202-452-
3829), Division of Research and Statistics, Board of Governors of the 
Federal Reserve System, Washington, DC 20551. For Telecommunications 
Device for the Deaf (TDD) users only, Diane Jenkins (202-452-3544), 
Board of Governors of the Federal Reserve System, Washington, DC 20551.
    Proposal to request approval from OMB of the extension for three 
years, without revision, of the following report:
    1. Report title: Country Exposure Report for U.S. Branches and 
Agencies of Foreign Banks
Agency form number: FFIEC 019
OMB control number: 7100-0213
Frequency of response: Quarterly
Affected Public: U.S. branches and agencies of foreign banks
Number of respondents: 329
Estimated average hours per response: 10 hours
Estimated Annual reporting hours: 13,160 hours
General description of report: This information collection is 
mandatory: 12 U.S.C. 3105 and 3108 for the Board of Governors of the 
Federal Reserve System; sections 7 and 10 of the Federal Deposit 
Insurance Act (12 U.S.C. 1817, 1820) for the Federal Deposit Insurance 
Corporation; and the National Bank Act (12 U.S.C. 161) for the Office 
of the Comptroller of the Currency). This information collection is 
given confidential treatment. (5 U.S.C. 552(b)(8)). Small businesses 
(that is, small U.S. branches and agencies of foreign banks) are 
affected.
Abstract: All individual U.S. branches and agencies of foreign banks 
that have more than $30 million in direct claims on residents of 
foreign countries must file the FFIEC 019 report quarterly. Currently, 
all respondents report adjusted exposure amounts to the five largest 
countries having at least $20 million in total adjusted exposure. The 
Agencies collect this data to monitor the extent to which such branches 
and agencies are pursuing prudent country risk diversification policies 
and limiting potential liquidity pressures. No revisions are proposed 
to this information collection.
    On November 5, 1996, the Board published a notice in the FR (61 FR 
56960) describing in detail and inviting comment on the proposed 
extension of this collection of information. The Board did not receive 
any comments. This notice provides the public with the opportunity to 
obtain, review, and comment on, the Board's supporting statement.
    Board of Governors of the Federal Reserve System, March 24, 
1997.
William W. Wiles,
Secretary of the Board.
[FR Doc. 97-7901 Filed 3-27-97; 8:45 am]
BILLING CODE 6210-01-F