Federal Register / Vol. 70, No. 199 / Monday, October 17, 2005 / Notices 60391 

John J. Manfreda, Administrator, 

Alcohol and Tobacco Tax and Trade 

Bureau. 

Vicky I. McDowell, Deputy 

Administrator, Alcohol and Tobacco 

Tax and Trade Bureau. 

William J. Fox, Director, Financial 

Crimes Enforcement Network. 

William F. Baity, Deputy Director, 

Financial Crimes Enforcement Network. 

Richard L. Gregg, Commissioner, 

Financial Management Service. 

Kenneth R. Papaj, Deputy 

Commissioner, Financial Management 

Service. 

Frederick Van Zeck, Commissioner, 

Bureau of the Public Debt. 

Nancy C. Fleetwood, Deputy 

Commissioner, Bureau of the Public 

Debt. 

Thomas A. Ferguson, Director, Bureau 

of Engraving and Printing. 

Larry R. Felix, Deputy Director, 

Bureau of Engraving and Printing. 

Pamela J. Gardiner, Associate Director 

for Management, Bureau of Engraving 

and Printing. 

David A. Lebryk, Deputy Director, 

United States Mint. 

DATES: Membership is effective on the 

date of this notice. 

FOR FURTHER INFORMATION CONTACT: 

Dennis Cannon, Director, Office of 

Human Resources Strategy and 

Solutions, 1500 Pennsylvania Avenue, 

NW, ATTN: 1750 Pennsylvania Avenue, 

NW—Suite 8100, Washington, DC 

20220, Telephone: (202) 622–1109. 

This notice does not meet the 

Department’s criteria for significant 

regulations. 

Dated: October 7, 2005. 

Dennis Cannon, 

Director, Office of Human Resources Strategy 

and Solutions. 

[FR Doc. 05–20654 Filed 10–14–05; 8:45 am] 

BILLING CODE 4811–16–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. 

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. On August 17, 

2004, the agencies, under the auspices 

of the Federal Financial Institutions 

Examination Council (FFIEC), published 

a notice in the Federal Register (69 FR 

51145) (August proposal) requesting 

public comment on proposed revisions 

to the Country Exposure Report (FFIEC 

009) and the Country Exposure 

Information Report (FFIEC 009a), which 

are currently approved information 

collections. After considering the two 

comments received, the FFIEC and the 

agencies modified the August 2004 

proposal. On April 19, 2005, the 

agencies published a notice in the 

Federal Register (April proposal) 

requesting public comment on the 

modified August 2004 proposal. The 

FFIEC and the agencies have considered 

the three comments received and have 

made further modifications to the April 

proposal. The agencies are now 

submitting requests to OMB for 

approval of the revisions to the FFIEC 

009 and FFIEC 009a reports that have 

been adopted by the FFIEC. 

DATES: Comments must be submitted on 

or before November 16, 2005. 

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: You should direct your 

comments to: Communications 

Division, Office of the Comptroller of 

the Currency, Public Information Room, 

Mailstop 1–5, Attention: 1557–0100, 

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 009, by any of the 

following methods: 

• Agency Web Site: http:// 

www.federalreserve.gov. Follow the 

instructions for submitting comments 

on 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 written 

comments, which should refer to 

‘‘Country Exposure Reports, 3064–

0017,’’ 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 

Web site. 

• Federal eRulemaking Portal: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments. 

• E-mail: Comments@FDIC.gov. 

• Mail: Robert E. Feldman, Executive 

Secretary, Attention: Comments, FDIC, 

550 17th Street NW., Washington, DC 

20429. 

• Hand Delivery/Courier: Guard 

station at the rear of the 550 17th Street 

Building (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/propose/html including any 

personal information provided. 

Comments may be inspected at the FDIC 

Public Information Center, Room 100, 

801 17th Street NW., Washington, DC, 

between 9 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: By mail to U.S. Office of 

Management and Budget, 725, 17th 

Street, NW., #10235, Washington, DC 

20503 or by facsimile to (202) 395–6974, 

60392 Federal Register / Vol. 70, No. 199 / Monday, October 17, 2005 / Notices 

Attention: Federal Banking Agency Desk 

Officer. 

FOR FURTHER INFORMATION CONTACT: 

Additional information or a copy of the 

collections may be requested from: 

OCC: Mary Gottlieb, OCC Clearance 

Officer, or Camille Dixon, 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: Leneta G. Gregorie, Counsel, 

202–898–3719, Legal Division, Federal 

Deposit Insurance Corporation, 550 17th 

Street NW., Washington, DC 20429. 

SUPPLEMENTARY INFORMATION: 

Proposal To Request Approval From 

OMB To Revise the Following Reports 

Report Titles: Country Exposure 

Report and Country Exposure 

Information Report. 

Form Numbers: FFIEC 009 and FFIEC 

009a. 

Frequency of Response: Quarterly. 

Affected Public: Business or other for 

profit. 

OCC 

OMB Number: 1557–0100. 

Estimated Number of Respondents: 21 

(FFIEC 009); 21 (FFIEC 009a). 

Estimated Average Time per 

Response: 70 burden hours (FFIEC 009); 

5.25 burden hours (FFIEC 009a). 

Estimated Total Annual Burden: 

5,880 burden hours (FFIEC 009); 441 

burden hours (FFIEC 009a). 

Board 

OMB Number: 7100–0035. 

Estimated Number of Respondents: 29 

(FFIEC 009); 16 (FFIEC 009a). 

Estimated Average Time per 

Response: 70 burden hours (FFIEC 009); 

5.25 burden hours (FFIEC 009a). 

Estimated Total Annual Burden: 

8,120 burden hours (FFIEC 009); 336 

burden hours (FFIEC 009a). 

FDIC 

OMB Number: 3064–0017. 

Estimated Number of Respondents: 21 

(FFIEC 009); 21 (FFIEC 009a). 

Estimated Average Time per 

Response: 70 burden hours (FFIEC 009); 

5.25 burden hours (FFIEC 009a). 

Estimated Total Annual Burden: 

5,880 burden hours (FFIEC 009); 441 

burden hours (FFIEC 009a). 

General Description of Report 

These information collections are 

mandatory: 12 U.S.C. 161 and 1817 

(national banks), 12 U.S.C. 248(a), 

1844(c), and 3906 (state member banks 

and bank holding companies), and 12 

U.S.C. 1817 and 1820 (insured state 

nonmember banks). The FFIEC 009 data 

are given confidential treatment (5 

U.S.C. 552(b)(4) and (b)(8)). The FFIEC 

009a data are not given confidential 

treatment. 

Abstract 

The Country Exposure Report (FFIEC 

009) is filed quarterly with the agencies 

and provides information on 

international claims of U.S. banks and 

bank holding companies that is used for 

supervisory and analytical purposes. 

The information is used to monitor 

country exposure of banks to determine 

the degree of risk in their portfolios and 

the possible impact on U.S. banks of 

adverse developments in particular 

countries. The Country Exposure 

Information Report (FFIEC 009a) is a 

supplement to the FFIEC 009 and 

provides publicly available information 

on material foreign country exposures 

(all exposures to a country in excess of 

1 percent of total assets or 20 percent of 

capital, whichever is less) of U.S. banks 

and bank holding companies that file 

the FFIEC 009 report. As part of the 

Country Exposure Information Report, 

reporting institutions must also furnish 

a list of countries in which they have 

lending exposures above 0.75 percent of 

total assets or 15 percent of total capital, 

whichever is less. 

Current Actions 

On April 19, 2005, the OCC, the 

Board, and the FDIC jointly published a 

notice soliciting comments for 60 days 

on a modified set of proposed revisions 

to the FFIEC 009 and FFIEC 009a 

reports (70 FR 20414). The FFIEC and 

the agencies made these modifications 

after considering the two comments 

received on proposed revisions to these 

reports that had been published for 

comment on August 17, 2004 (69 FR 

51145). The agencies proposed in 

August 2004 to revise the FFIEC 009 to 

harmonize U.S. data with data on crossborder exposures collected by other 

countries and disseminated by the Bank 

for International Settlements (BIS) as 

their ‘‘consolidated banking statistics.’’

The proposed revisions included 

collecting additional detail on foreignoffice claims of U.S. banks on local 

residents, including sector breakdowns 

and a currency split; adding a split 

between commitments and guarantees 

plus credit derivatives; redefining trade 

finance to be after adjustments for 

collateral and guarantees; and 

conforming the definition of public (i.e., 

government) sector with the definition 

used in the commercial bank 

Consolidated Reports of Condition and 

Income (Call Report) (FFIEC 031 and 

041). No changes to the FFIEC 009a 

were proposed although the change in 

the definition of public sector in the 

FFIEC 009 results in a change in the 

amounts reported in columns 6 and 7 of 

the FFIEC 009a by corresponding 

amounts. In addition, the FFIEC 009a 

instructions were to be changed to 

reflect column changes on the FFIEC 

009. 

Under the April proposal, other 

proposed revisions included adding 

three columns to collect total foreignoffice claims on local residents in a nonlocal currency, collecting three sector 

breaks for inward and outward risk 

transfers, changing the instructions 

regarding risk distributions for resale 

agreements and repayment structures, 

adding a column to collect foreign-office 

liabilities by country of residence of the 

creditor, adding a column to collect the 

total credit equivalent amount for all 

foreign exchange and derivative 

contracts by country of ultimate 

counterparty, and increasing the 

estimated response time to 70 hours. 

The agencies also proposed that all of 

the revisions to the FFIEC 009 would 

take effect as of the September 30, 2005, 

report date. 

In response to the April 19, 2005, 

notice, the agencies received three 

comment letters from a banking trade 

association, a holding company, and 

one other party. After considering these 

comments and modifying the April 

proposal, the FFIEC and the agencies 

propose to implement changes to the 

FFIEC 009 effective with the March 31, 

2006, report date, as discussed below. 

Detailed Discussion of the Comments 

Delay Implementation 

Two commenters suggested delaying 

the implementation of the FFIEC 009 

revisions until March 2006 or later 

because the proposed changes, if 

finalized, will require significant system 

changes and testing. The agencies 

agreed to delay the implementation of 

the revisions until March 2006. 

Regular Filing Period 

In the April proposal, the agencies 

stated that they would extend the filing 

period from 45 to 60 days for the initial 

revised report in September 2005. Since 

Federal Register / Vol. 70, No. 199 / Monday, October 17, 2005 / Notices 60393 

FFIEC 009 reporters will now have 

additional time to implement the 

proposed changes, the agencies have 

agreed that the filing period for the 

March 2006 report should be the regular 

45-day filing period. 

Delete Credit Equivalent Amount from 

Schedule 2 

One commenter suggested that the 

proposed ‘‘Credit equivalent amount of 

foreign exchange and derivative 

products’’ column not be added to the 

reporting form for several reasons. First, 

the credit equivalent amount is not 

widely used by banks in their internal 

risk management systems; therefore, it 

would be burdensome to implement. 

Second, the Basel Committee on 

Banking Supervision recommends using 

expected positive exposure, rather than 

the potential future exposure, to create 

the ‘‘add on’’ to the current credit 

exposure when calculating the credit 

equivalent amount of derivatives for 

risk-based capital purposes because the 

potential future exposure is not 

sufficiently risk-sensitive (although it is 

consistent across banks). The agencies 

agreed to delete this proposed column 

from the reporting form; however, the 

agencies may propose reporting changes 

related to the expected positive 

exposure of foreign exchange and 

derivative products once the Basel II 

risk-based capital framework has been 

implemented. 

Collection of Data on Foreign-office 

Liabilities by Country of Creditor’s 

Residence 

In the April proposal, the agencies 

agreed to add a column to the FFIEC 009 

to collect foreign-office liabilities by 

country of residence of the creditor once 

the reduction in reporting on the 

Quarterly Report of Assets and 

Liabilities of Large Foreign Offices of 

U.S. Banks (FR 2502q) to the Federal 

Reserve was implemented. The agencies 

agreed that since the reporting for the 

FR 2502q would be scaled back by 

March 2006, the proposed column on 

the FFIEC 009 could be implemented as 

of March 2006. The data in this new 

column would be required only from 

institutions that otherwise would have 

had to file the FR 2502q. 

Clarify Instructions 

One commenter suggested clarifying 

the instructions on whether the 

commitment columns in the FFIEC 009 

refer to total commitments (which 

would include outstanding loans 

already included in columns 1–3) or 

unused commitments, similar to the 

Call Report and Consolidated Financial 

Statements for Bank Holding Companies 

(FR Y–9C) instructions. The commenter 

also suggested clarifying how to 

determine a foreign obligor’s country of 

residence in the instructions. The 

agencies agreed to clarify the 

instructions for both of these issues. The 

commitment columns would cover only 

unused commitments. The country of 

residence is defined as the country of 

incorporation or, for branches, of 

charter. 

Request for Comment 

Comments are invited on: 

a. Whether the information 

collections are necessary for the proper 

performance of the agencies’ functions, 

including whether the information has 

practical utility; 

b. The accuracy of the agencies’

estimates of the burden of the 

information collections, 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 

information collections 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 in response to 

this notice will be shared among the 

agencies. All comments will become a 

matter of public record. Written 

comments should address the accuracy 

of the burden estimates and ways to 

minimize burden including the use of 

automated collection techniques or the 

use of other forms of information 

technology as well as other relevant 

aspects of the information collection 

request. 

Dated: October 7, 2005. 

Stuart Feldstein, 

Assistant Director, Legislative and Regulatory 

Activities Division, Office of the Comptroller 

of the Currency. 

Board of Governors of the Federal Reserve 

System, October 11, 2005. 

Jennifer J. Johnson, 

Secretary of the Board. 

Dated at Washington, DC this 5th day of 

October, 2005. 

Federal Deposit Insurance Corporation. 

Robert E. Feldman, 

Executive Secretary. 

[FR Doc. 05–20662 Filed 10–14–05; 8:45 am] 

BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P