[Federal Register Volume 86, Number 154 (Friday, August 13, 2021)]
[Notices]
[Pages 44768-44769]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-17311]


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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, 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 
Foreign Branch Report of Condition (FFIEC 030) and the Abbreviated 
Foreign Branch Report of Condition (FFIEC 030S).

DATES: Comments must be submitted on or before October 12, 2021.

ADDRESSES: Interested parties are invited to submit written comments to 
any or all of the agencies. All comments, which should refer to the 
``FFIEC 030 or FFIEC 030S,'' will be shared among the agencies.
    OCC: You may submit comments, which should refer to ``FFIEC 030 or 
FFIEC 030S,'' by any of the following methods:
    <bullet> Email: <a href="/cdn-cgi/l/email-protection#621210030b0c040d220d01014c16100703114c050d14"><span class="__cf_email__" data-cfemail="99e9ebf8f0f7fff6d9f6fafab7edebfcf8eab7fef6ef">[email protected]</span></a>.
    <bullet> Mail: Chief Counsel's Office, Office of the Comptroller of 
the Currency, Attention: 1557-0099, 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219.
    <bullet> Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219.
    Instructions: You must include ``OCC'' as the agency name and 
``1557-0099'' 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:
    <bullet> Viewing Comments Electronically: Go to www.reginfo.gov. 
Click on the ``Information Collection Review'' link on the 
``Information Collection Review'' tab. 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 ``1557-0099.'' 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.
    <bullet> 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 030 
or FFIEC 030S,'' by any of the following methods:
    <bullet> Agency Website: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at: http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
    <bullet> Email: <a href="/cdn-cgi/l/email-protection#e597808296cb868a8888808b9196a58380818097848997809680979380cb828a93"><span class="__cf_email__" data-cfemail="394b5c5e4a175a5654545c574d4a795f5c5d5c4b58554b5c4a5c4b4f5c175e564f">[email protected]</span></a>. Include ``FFIEC 
030 or FFIEC 030S'' in the subject line of the message.
    <bullet> Fax: (202) 395-6974.
    <bullet> 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 030 or 
FFIEC 030S,'' by any of the following methods:
    <bullet> Agency Website: https://www.fdic.gov/regulations/laws/federal/. Follow the instructions for submitting comments on the FDIC's 
website.
    <bullet> Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the instructions for submitting comments.
    <bullet> Email: <a href="/cdn-cgi/l/email-protection#9af9f5f7f7fff4eee9dadcded3d9b4fdf5ec"><span class="__cf_email__" data-cfemail="9dfef2f0f0f8f3e9eedddbd9d4deb3faf2eb">[email protected]</span></a>. Include ``FFIEC 030 or FFIEC 
030S'' in the subject line of the message.
    <bullet> Mail: Manuel E. Cabeza, Counsel, Attn: Comments, Room MB-
3128, Federal Deposit Insurance Corporation, 550 17th Street NW, 
Washington, DC 20429.
    <bullet> 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.
    <bullet> Public Inspection: All comments received will be posted 
without change to https://www.fdic.gov/regulations/laws/federal/ 
including any personal information provided. Paper copies of public 
comments may be requested from the FDIC Public Information Center by 
telephone at (877) 275-3342 or (703) 562-2200.
    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)

[[Page 44769]]

395-6974; or by email to <a href="/cdn-cgi/l/email-protection#d1beb8a3b08ea2a4b3bcb8a2a2b8bebf91bebcb3ffb4bea1ffb6bea7"><span class="__cf_email__" data-cfemail="aac5c3d8cbf5d9dfc8c7c3d9d9c3c5c4eac5c7c884cfc5da84cdc5dc">[email protected]</span></a>.

FOR FURTHER INFORMATION CONTACT: For further information about the 
proposed revisions to the information collections discussed in this 
notice, please contact any of the agency staff whose names appear 
below. In addition, copies of the report forms for the FFIEC 030 and 
FFIEC 030S can be obtained at the FFIEC's website (https://www.ffiec.gov/ffiec_report_forms.htm).
    OCC: Kevin Korzeniewski, Counsel, Chief Counsel's Office, (202) 
649-5490.
    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 propose to extend for three 
years, without revision, the FFIEC 030 and the FFIEC 030S.
    Report Title: Foreign Branch Report of Condition.
    Form Number: FFIEC 030 and FFIEC 030S.
    Frequency of Response: Annually, and quarterly for significant 
branches.
    Affected Public: Business of other for profit.

OCC

    OMB Control Number: 1557-099.
    Estimated Number of Respondents: 56 quarterly respondents (FFIEC 
030); 46 annual respondents (FFIEC 030); 15 annual respondents (FFIEC 
030S).
    Estimated Average Burden per Response: 3.4 burden hours (FFIEC 
030); 0.5 burden hours (FFIEC 030S).
    Estimated Total Annual Burden: 926 burden hours.

Board

    OMB Control Number: 7100-0071.
    Estimated Number of Respondents: 20 quarterly respondents (FFIEC 
030); 12 annual respondents (FFIEC 030); 7 annual respondents (FFIEC 
030S).
    Estimated Average Burden per Response: 3.4 burden hours (FFIEC 
030); 0.5 burden hours (FFIEC 030S).
    Estimated Total Annual Burden: 316 burden hours.

FDIC

    OMB Control Number: 3064-0011 (FDIC).
    Estimated Number of Respondents: 1 quarterly respondent (FFIEC 
030); 3 annual respondents (FFIEC 030); 3 annual respondents (FFIEC 
030S).
    Estimated Average Burden per Response: 3.4 burden hours (FFIEC 
030); 0.5 burden hours (FFIEC 030S).
    Estimated Total Annual Burden: 25 burden hours.

I. Legal Basis and Need for Collection

    This information collection is mandatory under the following 
authorities: 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).
    The FFIEC 030 collects asset and liability information for foreign 
branches of insured U.S. banks and insured U.S. savings associations 
(U.S. depository 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.
    A U.S. depository institution generally must file a separate report 
for each foreign branch, but in some cases may consolidate filings for 
multiple foreign branches in the same country, as described 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 an FFIEC 030 report is required to be filed 
quarterly. A U.S. depository institution with a foreign branch having 
total assets in excess of $250 million that does not meet either of the 
criteria to file quarterly must file the entire FFIEC 030 report for 
this foreign branch on an annual basis as of December 31.
    A U.S. depository institution with a foreign branch having total 
assets of $50 million, but less than or equal to $250 million that does 
not meet the criteria to file the FFIEC 030 report must file the FFIEC 
030S report for this foreign branch on an annual basis as of December 
31. A U.S. depository institution with a foreign branch having total 
assets of less than $50 million is exempt from filing the FFIEC 030 and 
030S reports.

II. Request for Comment

    Public comment is requested on all aspects of this notice. Comment 
is specifically invited on:
    a. Whether the information collection is necessary for the proper 
performance of the agencies' functions, including whether the 
information has practical utility;
    b. The accuracy of the agencies' estimate of the burden of the 
information collection, 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 the information collection 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 to the Board in response to this notice will be 
shared with the other agencies. All comments will become a matter of 
public record.

Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.

Board of Governors of the Federal Reserve System.
Ann Misback,
Secretary of the Board.

Federal Deposit Insurance Corporation.

    Dated at Washington, DC, on August 6, 2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021-17311 Filed 8-12-21; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P


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