[Federal Register Volume 60, Number 34 (Tuesday, February 21, 1995)]
[Notices]
[Pages 9687-9688]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-4135]



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FEDERAL RESERVE SYSTEM


Agency Forms Under Review

Background

    Notice is hereby given of the submission of proposed information 
collection(s) to the Office of Management and Budget (OMB) for its 
review and approval under the Paperwork Reduction Act (Title 44 U.S.C. 
Chapter 35) and under OMB regulations on Controlling Paperwork Burdens 
on the Public (5 CFR Part 1320). A copy of the proposed information 
collection(s) and supporting documents is available from the agency 
clearance officer listed in the notice. Any comments on the proposal 
should be sent to the agency clearance officer and to the OMB desk 
officer listed in the notice.
DATES: Comments are welcome and should be submitted on or before March 
23, 1995.
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance Officer--Mary M. McLaughlin--Division 
of Research and Statistics, Board of Governors of the Federal Reserve 
System, Washington, D.C. 20551 (202-452-3829); for the hearing impaired 
only, telecommunications device for the deaf (TTD) (202-452-3544), 
Dorothea Thompson, Board of Governors of the Federal Reserve System, 
Washington, D.C. 20551.
OMB Desk Officer--Milo Sunderhauf--Office of Information and Regulatory 
Affairs, Office of Management and Budget, New Executive Office 
Building, Room 3208, Washington, D.C. 20503 (202-395-7340)
    Request for OMB approval to extend, with revision, the following 
report:
    1. Report title: Country Exposure Report.
Agency form number: FFIEC 009.
OMB Docket number: 7100-0035.
Frequency: Quarterly.
Reporters: State member banks and bank holding companies.
Annual reporting hours: 13,064.
Estimated average hours per response: 23.
Number of respondents: 142.
Small businesses are not affected.
    General description of report: This information collection is 
mandatory to obtain or retain a benefit [(12 U.S.C. 248(a), 1844(c), 
and 3906)] and is given confidential treatment [(5 U.S.C. 552(b)(4) and 
(b)(8))].
SUPPLEMENTARY INFORMATION: This interagency report collects 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 proposed changes, 
which would be effective as of March 31, 1995, are as follows:
    (1) A memorandum item, ``Revaluation Gains on Off-Balance-Sheet 
Items Reported in Column 4'', would be added as Column 9. This item 
contains revaluation gains (i.e. assets) from the marking to market of 
interest rate, foreign exchange rate, and other commodity and equity 
contracts held for trading purposes.
    (2) A memorandum item, ``Amounts Reported in Column (4) after 
Adjustments in Columns 10-15 That Represent Securities Held in Trading 
Account,'' would be added as Column 16. The carrying value of any 
available-for-sale securities or of any loans or leases that are held 
for sale are not to be reported in this item.
    (3) An existing item, ``Amount of Claims that Represent Guarantees 
Issued by the U.S. Government and its Agencies'' (Column 13), would be 
deleted.
    (4) Three existing items collecting information on commitments, 
``Commercial Letters of Credit'' (Column 20), ``Standby Letters of 
Credit and Risk Participations Purchased'' (Column 21), and ``All Other 
Commitments'' (Column 22), would be combined into one item, ``All 
Commitments.''
    (5) An existing memorandum item, ``Trade Financing'' (Column 20), 
would be redefined to include ``Commercial Letters of Credit'' (Column 
20), with the resulting item renumbered as Column 23.
    (6) The country list would be updated to replace Belgium-Luxembourg 
with two countries, Belgium and Luxembourg and to replace 
Czechoslovakia with two countries, Czech Republic and Slovakia.
    In addition, the instructions would be modified to state that all 
claims consisting of available-for-sale securities in Columns 1-4 are 
to be reported at amortized cost rather than at fair value. The 
instructions would also be clarified to state that the report must be 
completed in a manner consistent with the requirements of Financial 
Accounting Standards Board Interpretation No. 39, ``Offsetting of 
Amounts Related to Certain Contracts.'' Finally, the definition of 
``Guaranteed Claims'' in the instructions would be broadened to address 
the treatment of off-balance-sheet items.
Request for OMB approval to extend, without revision, the following 
report:
    2. Report title: Country Exposure Information Report.
Agency form number: FFIEC 009a.
OMB Docket number: 7100-0035.
Frequency: Quarterly.
Reporters: State member banks and bank holding companies.
Annual reporting hours: 2,840.
Estimated average hours per response: 5. [[Page 9688]] 
Number of respondents: 142.
Small businesses are not affected.
    General description of report: This information collection is 
mandatory to obtain or retain a benefit [(12 U.S.C. 248(a), 1844(c), 
and 3906)] and is not given confidential treatment.
    SUPPLEMENTARY INFORMATION: This report is a supplement to the 
Country Exposure Report (FFIEC 009) and provides publicly available 
information on material foreign country exposures (all exposures to a 
country in excess of one 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. Reporting institutions must also 
furnish a list of countries in which they have lending exposures above 
.75 percent of total assets or 15 percent of total capital, whichever 
is less. No changes are proposed to the FFIEC 009a reporting form or 
instructions.

    Board of Governors of the Federal Reserve System, February 14, 
1995.
William W. Wiles,
Secretary of the Board.
[FR Doc. 95-4135 Filed 2-17-95; 8:45am]
BILLING CODE 6210-01-F