Proposed Agency Information Collection Activities; Comment Request, 40119-40121 [06-6228]

Download as PDF 40119 Federal Register / Vol. 71, No. 135 / Friday, July 14, 2006 / Notices Member City Glacier Bank of Whitefish ..................................................................................... Bank of Astoria ..................................................................................................... Bank of Salem ...................................................................................................... Columbia River Bank ........................................................................................... Cascade Bank ...................................................................................................... Raymond Federal Bank ....................................................................................... Evergreen Bank .................................................................................................... Washington Federal Savings ............................................................................... Sterling Savings Bank .......................................................................................... Buffalo Federal Savings Bank .............................................................................. Hilltop National Bank ............................................................................................ Big Horn Federal Savings Bank ........................................................................... Whitefish ............................................... Astoria ................................................... Salem .................................................... The Dalles ............................................. Everett ................................................... Raymond ............................................... Seattle ................................................... Seattle ................................................... Spokane ................................................ Buffalo ................................................... Casper .................................................. Greybull ................................................. II. Public Comments Joint notice and request for comment. ACTION: To encourage the submission of public comments on the community support performance of Bank members, on or before July 28, 2006, each Bank will notify its Advisory Council and nonprofit housing developers, community groups, and other interested parties in its district of the members selected for community support review in the 2006–07 second quarter review cycle. 12 CFR 944.2(b)(2)(ii). In reviewing a member for community support compliance, the Finance Board will consider any public comments it has received concerning the member. 12 CFR 944.2(d). To ensure consideration by the Finance Board, comments concerning the community support performance of members selected for the 2006–07 second quarter review cycle must be delivered to the Finance Board on or before the September 1, 2006 deadline for submission of Community Support Statements. Dated: July 5, 2006. John P. Kennedy, General Counsel. [FR Doc. E6–10779 Filed 7–13–06; 8:45 am] BILLING CODE 6725–01–P 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. 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), which is a currently approved information collection for each agency. At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which the FFIEC should modify the report. The agencies will then submit the report to OMB for review and approval. Comments must be submitted on or before September 12, 2006. DATES: 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: Communications Division, Office of the Comptroller of the Currency, Public Information Room, Mailstop 1–5, Attention: 1557–0099, 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. ADDRESSES: DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL RESERVE SYSTEM FEDERAL DEPOSIT INSURANCE CORPORATION jlentini on PROD1PC65 with NOTICES Proposed Agency Information Collection Activities; Comment Request Office of the Comptroller of the Currency (OCC), Treasury; Board of Governors of the Federal Reserve System (Board); and Federal Deposit Insurance Corporation (FDIC). AGENCIES: VerDate Aug<31>2005 17:44 Jul 13, 2006 Jkt 208001 PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 State Montana. Oregon. Oregon. Oregon. Washington. Washington. Washington. Washington. Washington. Wyoming. Wyoming. Wyoming. Board: You may submit comments, identified by FFIEC 030, by any of the following methods: • Agency Web site: http:// www.federalreserve.gov. Follow the instructions for submitting comments on the 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 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/notices.html. • E-mail: comments@FDIC.gov. Include ‘‘Foreign Branch Report of Condition, 3064–0011’’ in the subject line of the message. • Mail: Steven F. Hanft (202–898– 3907), Paperwork Clearance Officer, Room MB–3064, 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 E:\FR\FM\14JYN1.SGM 14JYN1 40120 Federal Register / Vol. 71, No. 135 / Friday, July 14, 2006 / Notices jlentini on PROD1PC65 with NOTICES (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/notices/html including any personal information provided. Comments may be inspected at the FDIC Public Information Center, Room E– 1002, 3502 North Fairfax Drive, Arlington, VA 22226, between 9 a.m. and 5 p.m. on business days. Additionally, commenters should 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 or by fax to 202–395–6974. FOR FURTHER INFORMATION CONTACT: OCC: Mary Gottlieb, OCC Clearance Officer, or Camille Dickerson, 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: Steven F. Hanft, 202–898–3907, Room MB–3064, Legal Division, Federal Deposit Insurance Corporation, 550 17th Street, NW., Washington, DC 20429. SUPPLEMENTARY INFORMATION: Proposal to request approval from OMB of the extension for three years, with revision, of 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: 118 annual branch respondents (FFIEC 030); 73 quarterly branch respondents (FFIEC 030); 200 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: 1,494 burden hours. VerDate Aug<31>2005 17:44 Jul 13, 2006 Jkt 208001 Board OMB Number: 7100–0071. Estimated Number of Respondents: 17 annual branch respondents (FFIEC 030); 16 quarterly branch respondents (FFIEC 030); 24 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: 288 burden hours. FDIC OMB Number: 3064–0011. Estimated Number of Respondents: 6 annual respondents (FFIEC 030); 2 quarterly respondents (FFIEC 030); 7 annual respondents (FFIEC 030S). Estimated Average Time Per Response: 3.4 burden hours (FFIEC 030); 0.5 burden hours (FFIEC 030S). Estimated Total Annual Burden: 51 burden hours. General Description of Reports This information collection is mandatory: 12 U.S.C. 321, 324, and 602 (Board); 12 U.S.C. 602 (OCC); and 12 U.S.C. 1828 (FDIC). This information collection is given confidential treatment (5 U.S.C. 552(b)(8)). Abstract The FFIEC 030 contains asset and liability information for foreign branches of insured U.S. commercial banks and state-chartered savings banks and is required for regulatory and supervisory purposes. The information is used to analyze the foreign operations of U.S. banks. All foreign branches of U.S. banks regardless of charter type file this report with the appropriate Federal Reserve District Bank. The Federal Reserve collects this information on behalf of the U.S. bank’s primary federal bank regulatory agency. Current Actions To reduce respondent burden, the agencies propose to eliminate five reporting items for branches with total assets in excess of $250 million, create a short form (FFIEC 030S) containing five items to be filed annually by branches with total assets of between $50 million and $250 million (in lieu of filing the entire FFIEC 030 form), and eliminate the filing requirement for branches with less than $50 million in total assets. Of the current number of 689 branch respondents, 231 branch respondents have total assets of between $50 million and $250 million and 226 respondents have less than $50 million in total assets.1 Thus, under this 1 Respondents are permitted to report branches in a single country on a consolidated basis. Therefore, PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 proposal reporting burden would be significantly reduced or eliminated for approximately two-thirds of the respondents. Discussion of Proposed Revisions A. Revisions to the FFIEC 030 The agencies propose to reduce reporting burden by eliminating five reporting items for branches with total assets in excess of $250 million because the aggregate amounts reported in these items have declined substantially to a nominal amount. The five items to be eliminated are: • Asset item 6.d, ‘‘Loans to foreign governments and official institutions.’’ Amounts would be included in current item 6.e, ‘‘Loans and lease financing receivables: To all others.’’ • Asset item 7, ‘‘Customers’ liability to this bank on acceptances outstanding.’’ Amounts would be included in current item 13, ‘‘Other assets.’’ • Asset item 9, ‘‘Accrued interest receivable.’’ Amounts would be included in current item 13, ‘‘Other assets.’’ • Liability item 19, ‘‘Bank’s liability on acceptances executed and outstanding.’’ Amounts would be included in current item 24, ‘‘Other liabilities.’’ • Liability item 20, ‘‘Accrued taxes and other expenses.’’ Amounts would be included in current item 24, ‘‘Other liabilities.’’ The revisions to the FFIEC 030 reporting form are proposed to be effective with the December 31, 2006, reporting date. B. Implementation of the FFIEC 030S The agencies propose to create an abbreviated or ‘‘short’’ report (FFIEC 030S) containing five items that branches with total assets between $50 million and $250 million would file on an annual basis in lieu of the FFIEC 030 form. The scope of the FFIEC 030S would be comparable to a report filed with the Federal Reserve by U.S. banking organizations for their foreign subsidiaries.2 The items proposed for this report are considered the minimum information needed to serve as indicators of higher business volume, risk, and complexity in small-sized foreign branches. The reported information would also be used to monitor potential developments that the number of branch respondents in each asset category does not equal the actual number of reports filed with the agencies. 2 Abbreviated Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations (FR 2314S; OMB No. 7100–0073), filed for subsidiaries with assets between $50 million and $250 million. E:\FR\FM\14JYN1.SGM 14JYN1 Federal Register / Vol. 71, No. 135 / Friday, July 14, 2006 / Notices may pose risks to the overall operations of the parent bank. The items proposed for the FFIEC 030S are: • Gross due from related institutions (a combination of current FFIEC 030 asset items 11 and 12). • Total assets (current FFIEC 030 asset item 14). • Gross due to related institutions (combination of current FFIEC 030 liability items 22 and 23). • Total gross notional amount of derivative contracts (combination of current FFIEC 030 derivative items 26, 27, 28, and 31). • Commercial and similar letters of credit, standby letters of credit, and foreign office guarantees (combination of current FFIEC 030 off-balance sheet items 29 and 30). The FFIEC 030S reporting form is proposed to be effective with the December 31, 2006, reporting date. Dated: June 27, 2006. James Gillespie, Deputy Chief Counsel, Office of the Comptroller of the Currency. Board of Governors of the Federal Reserve System, July 10, 2006. Jennifer J. Johnson, Secretary of the Board. Dated at Washington, DC, this 7th day of July, 2006. Federal Deposit Insurance Corportation. Robert E. Feldman, Executive Secretary. [FR Doc. 06–6228 Filed 7–13–06; 8:45 am] C. Exempt Entities The notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the office of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank indicated for that notice or to the offices of the Board of Governors. Comments must be received not later than July 28, 2006. A. Federal Reserve Bank of San Francisco (Tracy Basinger, Director, Regional and Community Bank Group) 101 Market Street, San Francisco, California 94105-1579: 1. The Banc Funds Company, L.L.C., Banc Fund V L.P, and Banc Fund VII L.P., all of Chicago, Illinois; to acquire voting shares of Valley Commerce Bancorp, and thereby indirectly acquire Valley Business Bank, both of Visalia, California. The agencies propose to exempt foreign branches with total assets below $50 million from both the FFIEC 030 and FFIEC 030S annual filing requirements. jlentini on PROD1PC65 with NOTICES Request for Comment Comments are invited on: a. Whether the information collections are necessary for the agencies’ duties and responsibilities, including whether the information has practical utility; b. The accuracy of the agencies’ estimate 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 the 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 the requested 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. VerDate Aug<31>2005 17:44 Jul 13, 2006 Jkt 208001 BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies Board of Governors of the Federal Reserve System, July 10, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6–11068 Filed 7–13–06; 8:45 am] BILLING CODE 6210–01–S PO 00000 Frm 00061 Fmt 4703 Sfmt 4703 40121 FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below. The applications listed below, as well as other related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank indicated. The application also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will be conducted throughout the United States. Additional information on all bank holding companies may be obtained from the National Information Center website at www.ffiec.gov/nic/. Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than August 7, 2006. A. Federal Reserve Bank of Chicago (Patrick M. Wilder, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414: 1. Pedcor Capital, LLC, Carmel, Indiana; to become a bank holding company by acquiring 100 percent of the voting shares of Pedcor Bancorp, Carmel, Indiana, and thereby indirectly acquire voting shares of International City Bank, N.A., Long Beach, California. B. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice President) 2200 North Pearl Street, Dallas, Texas 752012272: 1. Bryan Family Management Trust and Bryan–Heritage Limited Partnership, both of Bryan, Texas; to acquire additional shares, up to 51 percent, of the voting shares of The First National Bank of Bryan, Bryan, Texas. E:\FR\FM\14JYN1.SGM 14JYN1

Agencies

[Federal Register Volume 71, Number 135 (Friday, July 14, 2006)]
[Notices]
[Pages 40119-40121]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-6228]


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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

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 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. 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), which is a 
currently approved information collection for each agency. At the end 
of the comment period, the comments and recommendations received will 
be analyzed to determine the extent to which the FFIEC should modify 
the report. The agencies will then submit the report to OMB for review 
and approval.

DATES: Comments must be submitted on or before September 12, 2006.

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: Communications Division, Office of the Comptroller of the 
Currency, Public Information Room, Mailstop 1-5, Attention: 1557-0099, 
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 030, by any of 
the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments on the 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 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/notices.html.
     E-mail: comments@FDIC.gov. Include ``Foreign Branch Report 
of Condition, 3064-0011'' in the subject line of the message.
     Mail: Steven F. Hanft (202-898-3907), Paperwork Clearance 
Officer, Room MB-3064, 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

[[Page 40120]]

(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/notices/html 
including any personal information provided. Comments may be inspected 
at the FDIC Public Information Center, Room E-1002, 3502 North Fairfax 
Drive, Arlington, VA 22226, between 9 a.m. and 5 p.m. on business days.
    Additionally, commenters should 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 or by fax to 202-395-6974.

FOR FURTHER INFORMATION CONTACT: 
    OCC: Mary Gottlieb, OCC Clearance Officer, or Camille Dickerson, 
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: Steven F. Hanft, 202-898-3907, Room MB-3064, Legal Division, 
Federal Deposit Insurance Corporation, 550 17th Street, NW., 
Washington, DC 20429.

SUPPLEMENTARY INFORMATION: Proposal to request approval from OMB of the 
extension for three years, with revision, of 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: 118 annual branch respondents 
(FFIEC 030); 73 quarterly branch respondents (FFIEC 030); 200 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: 1,494 burden hours.

Board

    OMB Number: 7100-0071.
    Estimated Number of Respondents: 17 annual branch respondents 
(FFIEC 030); 16 quarterly branch respondents (FFIEC 030); 24 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: 288 burden hours.

FDIC

    OMB Number: 3064-0011.
    Estimated Number of Respondents: 6 annual respondents (FFIEC 030); 
2 quarterly respondents (FFIEC 030); 7 annual respondents (FFIEC 030S).
    Estimated Average Time Per Response: 3.4 burden hours (FFIEC 030); 
0.5 burden hours (FFIEC 030S).
    Estimated Total Annual Burden: 51 burden hours.

General Description of Reports

    This information collection is mandatory: 12 U.S.C. 321, 324, and 
602 (Board); 12 U.S.C. 602 (OCC); and 12 U.S.C. 1828 (FDIC). This 
information collection is given confidential treatment (5 U.S.C. 
552(b)(8)).

Abstract

    The FFIEC 030 contains asset and liability information for foreign 
branches of insured U.S. commercial banks and state-chartered savings 
banks and is required for regulatory and supervisory purposes. The 
information is used to analyze the foreign operations of U.S. banks. 
All foreign branches of U.S. banks regardless of charter type file this 
report with the appropriate Federal Reserve District Bank. The Federal 
Reserve collects this information on behalf of the U.S. bank's primary 
federal bank regulatory agency.

Current Actions

    To reduce respondent burden, the agencies propose to eliminate five 
reporting items for branches with total assets in excess of $250 
million, create a short form (FFIEC 030S) containing five items to be 
filed annually by branches with total assets of between $50 million and 
$250 million (in lieu of filing the entire FFIEC 030 form), and 
eliminate the filing requirement for branches with less than $50 
million in total assets. Of the current number of 689 branch 
respondents, 231 branch respondents have total assets of between $50 
million and $250 million and 226 respondents have less than $50 million 
in total assets.\1\ Thus, under this proposal reporting burden would be 
significantly reduced or eliminated for approximately two-thirds of the 
respondents.
---------------------------------------------------------------------------

    \1\ Respondents are permitted to report branches in a single 
country on a consolidated basis. Therefore, the number of branch 
respondents in each asset category does not equal the actual number 
of reports filed with the agencies.
---------------------------------------------------------------------------

Discussion of Proposed Revisions

A. Revisions to the FFIEC 030

    The agencies propose to reduce reporting burden by eliminating five 
reporting items for branches with total assets in excess of $250 
million because the aggregate amounts reported in these items have 
declined substantially to a nominal amount. The five items to be 
eliminated are:
     Asset item 6.d, ``Loans to foreign governments and 
official institutions.'' Amounts would be included in current item 6.e, 
``Loans and lease financing receivables: To all others.''
     Asset item 7, ``Customers' liability to this bank on 
acceptances outstanding.'' Amounts would be included in current item 
13, ``Other assets.''
     Asset item 9, ``Accrued interest receivable.'' Amounts 
would be included in current item 13, ``Other assets.''
     Liability item 19, ``Bank's liability on acceptances 
executed and outstanding.'' Amounts would be included in current item 
24, ``Other liabilities.''
     Liability item 20, ``Accrued taxes and other expenses.'' 
Amounts would be included in current item 24, ``Other liabilities.''
    The revisions to the FFIEC 030 reporting form are proposed to be 
effective with the December 31, 2006, reporting date.

B. Implementation of the FFIEC 030S

    The agencies propose to create an abbreviated or ``short'' report 
(FFIEC 030S) containing five items that branches with total assets 
between $50 million and $250 million would file on an annual basis in 
lieu of the FFIEC 030 form. The scope of the FFIEC 030S would be 
comparable to a report filed with the Federal Reserve by U.S. banking 
organizations for their foreign subsidiaries.\2\ The items proposed for 
this report are considered the minimum information needed to serve as 
indicators of higher business volume, risk, and complexity in small-
sized foreign branches. The reported information would also be used to 
monitor potential developments that

[[Page 40121]]

may pose risks to the overall operations of the parent bank. The items 
proposed for the FFIEC 030S are:
---------------------------------------------------------------------------

    \2\ Abbreviated Financial Statements of Foreign Subsidiaries of 
U.S. Banking Organizations (FR 2314S; OMB No. 7100-0073), filed for 
subsidiaries with assets between $50 million and $250 million.
---------------------------------------------------------------------------

     Gross due from related institutions (a combination of 
current FFIEC 030 asset items 11 and 12).
     Total assets (current FFIEC 030 asset item 14).
     Gross due to related institutions (combination of current 
FFIEC 030 liability items 22 and 23).
     Total gross notional amount of derivative contracts 
(combination of current FFIEC 030 derivative items 26, 27, 28, and 31).
     Commercial and similar letters of credit, standby letters 
of credit, and foreign office guarantees (combination of current FFIEC 
030 off-balance sheet items 29 and 30).
    The FFIEC 030S reporting form is proposed to be effective with the 
December 31, 2006, reporting date.

C. Exempt Entities

    The agencies propose to exempt foreign branches with total assets 
below $50 million from both the FFIEC 030 and FFIEC 030S annual filing 
requirements.

Request for Comment

    Comments are invited on:
    a. Whether the information collections are necessary for the 
agencies' duties and responsibilities, including whether the 
information has practical utility;
    b. The accuracy of the agencies' estimate 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 the 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 the requested 
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: June 27, 2006.
James Gillespie,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
    Board of Governors of the Federal Reserve System, July 10, 2006.
Jennifer J. Johnson,
Secretary of the Board.
    Dated at Washington, DC, this 7th day of July, 2006.

Federal Deposit Insurance Corportation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 06-6228 Filed 7-13-06; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P