Agency Information Collection Activities: Submission for OMB Review; Joint Comment Request, 59110-59112 [06-8529]

Download as PDF cprice-sewell on PROD1PC66 with NOTICES 59110 Federal Register / Vol. 71, No. 194 / Friday, October 6, 2006 / Notices (CAS No. 58–89–9) and chlordecone (CAS No. 143–50–0). At the November 2005 meeting, in accordance with the procedures laid down in Article 8 of the Convention, POPRC examined the proposals and applied the screening criteria in Annex D of the Convention (‘‘Information Requirements and Screening Criteria’’). With regard to all five chemicals, POPRC decided that it was satisfied that the screening criteria had been fulfilled and that further work should therefore be undertaken in accordance with the provisions of the Convention. The five chemicals being newly proposed at the November 2006 meeting for inclusion in Annexes A, B and/or C of the Stockholm Convention are two industrial chemicals: Octabromodiphenyl ether (CAS No. 32536–52–0) and pentachlorobenzene (CAS No. 608–93–5); one chemical with both industrial and pesticidal uses: Short-chained chlorinated paraffins (CAS No. 85535–84–8); and two pesticides: Alpha hexachlorocyclohexane (CAS No. 319– 84–6) and beta hexachlorocyclohexane (CAS No. 319–85–7). Article 8 provides that once POPRC is satisfied that the screening criteria in Annex D have been fulfilled in the proposals, the following steps are then undertaken: • Parties and observers are requested to provide additional information about the chemical, including information to be used in developing the risk profiles, per Annex E (‘‘Information Requirements for the Risk Profile’’). • Draft risk profiles are prepared for consideration by POPRC. • POPRC reviews the risk profiles and decides, on the basis of the risk profile, if the chemical is likely, as a result of its long-range environmental transport, to lead to significant adverse human health and/or environmental effects, such that global action is warranted. If POPRC determines that action is warranted, or the Conference of the Parties (COP) determines that the proposal shall proceed, then Parties and observers will be asked to provide information, per Annex F (‘‘Information on Socio-Economic Considerations’’), to aid in the development of risk management evaluations. • Once POPRC is satisfied with the risk management evaluation, POPRC then prepares a recommendation whether to list the chemical for consideration by COP. • COP makes the final decision on listing the chemical in Annexes A, B, and/or C. EPA anticipates issuing Federal Register notices, with at least 30 day VerDate Aug<31>2005 14:52 Oct 05, 2006 Jkt 211001 comment periods, soliciting information after all but the last step, when appropriate. A. What Action is the Agency Taking? The Agency is issuing this notice to increase awareness of the documents being discussed at POPRC in November 2006, the status of their review under the Convention, and upcoming procedural steps required by the Convention. The Agency will also use any comments received to inform its position on issues for the meeting. The relevant meeting documents have been posted at https://www.pops.int/ documents/meetings/poprc_2/ default.htm. Comments, identified by docket ID number EPA–HQ–OPPT–2006–0794, must be received on or before October 31, 2006. B. What is the Agency’s Authority for Taking this Action? EPA is requesting comment and information under the authority of section 102(2)(F) of the National Environmental Policy Act, 42 U.S.C. 4321 et seq., which directs all agencies of the Federal Government to ‘‘[r]ecognize the worldwide and longrange character of environmental problems and, where consistent with the foreign policy of the United States, lend appropriate support to initiatives, resolutions and programs designed to maximize cooperation in anticipating and preventing a decline in the quality of mankind’s world environment.’’ Section 17(d) of the Federal Insecticide, Fungicide and Rodenticide Act (FIFRA) also provides additional support in that it directs the Administrator of EPA ‘‘in cooperation with the Department of State and any other appropriate Federal agency, [to] participate and cooperate in any international efforts to develop improved pesticide research and regulations.’’ List of Subjects Environmental protection, Chemicals, Hazardous substances. Dated: October 2, 2006. Charles M. Auer, Director, Office of Pollution Prevention and Toxics. [FR Doc. E6–16577 Filed 10–5–06; 8:45 am] BILLING CODE 6560–50–S PO 00000 Frm 00041 Fmt 4703 Sfmt 4703 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 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. AGENCIES: 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 (collectively, 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 July 14, 2006, the agencies, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), published a notice in the Federal Register (71 FR 40119) requesting public comment for 60 days on the extension, with revision, of the Foreign Branch Report of Condition (FFIEC 030), which is a currently approved information collection for each agency. The comment period for this notice expired on September 12, 2006. No comments were received. The agencies are now submitting requests to OMB for approval of the extension, with revision, of the FFIEC 030. DATES: Comments must be submitted on or before November 6, 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: You should direct your comments to: 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 E:\FR\FM\06OCN1.SGM 06OCN1 cprice-sewell on PROD1PC66 with NOTICES Federal Register / Vol. 71, No. 194 / Friday, October 6, 2006 / Notices 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 (7100–0071), by any of the following methods: • Agency Web site: https:// www.federalreserve.gov. Follow the instructions for submitting comments on the https://www.federalreserve.gov/ generalinfo/foia/ProposedRegs.cfm. • Federal eRulemaking Portal: https:// www.regulations.gov. Follow the instructions for submitting comments. • E-mail: regs.comments@federalreserve.gov. Include the OMB control 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 https:// 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 ‘‘Foreign Branch Report of Condition, 3064–0011,’’ by any of the following methods: • Agency Web site: https:// www.fdic.gov/regulations/laws/federal/ notices.html. Follow the instructions for submitting comments on the FDIC Web site. • Federal eRulemaking Portal: https:// www.regulations.gov. Follow the instructions for submitting comments. • E-mail: comments@FDIC.gov. Include ‘‘Foreign Branch Report of Condition, 3064–0011’’ in the subject line of the message. • Mail: Steven F. Hanft, Clearance Officer (202–898–3907), Attention: Comments, Federal Deposit Insurance Corporation, 550 17th Street, NW., Washington, DC 20429. • Hand Delivery/Courier: 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 a.m. and 5 p.m. VerDate Aug<31>2005 14:52 Oct 05, 2006 Jkt 211001 Public Inspection: All comments received will be posted without change to https://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: Additional information or a copy of the collection may be requested from: 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, Clearance Officer, at shanft@fdic.gov, (202–898– 3907), Room MB–2088, 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). PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 59111 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 and FFIEC 030S contain 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. Foreign branches of U.S. banks that have in excess of $250 million in total assets file the FFIEC 030, with significant branches submitting the report quarterly and other branches in this size range submitting the report annually as of December 31. Foreign branches with total assets between $50 million and $250 million file the abbreviated FFIEC 030S report annually as of December 31. Foreign branches with less than $50 million in total assets are exempt from reporting. All reports are filed with the appropriate Federal Reserve District Bank. The Federal Reserve collects this information on behalf of the parent U.S. bank’s primary federal bank regulatory agency. Current Actions In response to the July 14, 2006, notice published in the Federal Register (71 FR 40119), the agencies did not receive any comments. The revisions to E:\FR\FM\06OCN1.SGM 06OCN1 59112 Federal Register / Vol. 71, No. 194 / Friday, October 6, 2006 / Notices the FFIEC 030 have been approved by the FFIEC as originally proposed and are summarized below. The agencies will implement the changes as of the December 31, 2006, reporting date. Listing of Revisions cprice-sewell on PROD1PC66 with NOTICES A. Revisions to the FFIEC 030 The agencies will 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 being eliminated are: • Asset item 6.d, ‘‘Loans to foreign governments and official institutions.’’ Amounts will 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 will be included in current item 13, ‘‘Other assets.’’ • Asset item 9, ‘‘Accrued interest receivable.’’ Amounts will be included in current item 13, ‘‘Other assets.’’ • Liability item 19, ‘‘Bank’s liability on acceptances executed and outstanding.’’ Amounts will be included in current item 24, ‘‘Other liabilities.’’ • Liability item 20, ‘‘Accrued taxes and other expenses.’’ Amounts will be included in current item 24, ‘‘Other liabilities.’’ B. Implementation of the FFIEC 030S The agencies are creating an abbreviated or ‘‘short’’ report (FFIEC 030S) containing five items that branches with total assets between $50 million and $250 million will file on an annual basis in lieu of the FFIEC 030 form. The scope of the FFIEC 030S is comparable to a report filed with the Federal Reserve by U.S. banking organizations for their foreign subsidiaries.1 The items 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 will also be used to monitor potential developments that may pose risks to the overall operations of the parent bank. The items 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) 1 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. VerDate Aug<31>2005 14:52 Oct 05, 2006 Jkt 211001 • Gross due to related institutions (a combination of current FFIEC 030 liability items 22 and 23) • Total gross notional amount of derivative contracts (a 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 (a combination of current FFIEC 030 off-balance sheet items 29 and 30) C. Exempt Entities The agencies will 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’ 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 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: September 29, 2006. Stuart Feldstein, Assistant Director, Legislative and Regulatory Activities Division. Board of Governors of the Federal Reserve System, October 2, 2006. Jennifer J. Johnson, Secretary of the Board. Dated at Washington, DC, this 27th day of September, 2006. PO 00000 Frm 00043 Fmt 4703 Sfmt 4703 Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 06–8529 Filed 10–5–06; 8:45 am] BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Sunshine Act Meeting; Notice of Agency Meeting Pursuant to the provisions of the ‘‘Government in the Sunshine Act’’ (5 U.S.C. 552b), notice is hereby given that the Federal Deposit Insurance Corporation’s Board of Directors will meet in open session at 10 a.m. on Tuesday, October 10, 2006, to consider the following matters: No substantive discussion of the following items is anticipated. These matters will be resolved with a single vote unless a member of the Board of Directors requests that an item be moved to the discussion agenda. SUMMARY AGENDA: Disposition of minutes of previous Board of Directors’ meetings. Summary reports, status reports, and reports of actions taken pursuant to authority delegated by the Board of Directors. DISCUSSION AGENDA: Memorandum and resolution re: Final Rule to Implement the One-Time Assessment Credit. Memorandum and resolution re: Final Rule to Implement Assessment Dividend Requirements. The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 550-17th Street, NW., Washington, DC. The FDIC will provide attendees with auxiliary aids (e.g., sign language interpretation) required for this meeting. Those attendees needing such assistance should call (703) 562–6067 (Voice or TTY), to make necessary arrangements. Requests for further information concerning the meeting may be directed to Mr. Robert E. Feldman, Executive Secretary of the Corporation, at (202) 898–7122. Dated: October 3, 2006. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 06–8544 Filed 10–3–06; 4:19 pm] BILLING CODE 6714–01–M E:\FR\FM\06OCN1.SGM 06OCN1

Agencies

[Federal Register Volume 71, Number 194 (Friday, October 6, 2006)]
[Notices]
[Pages 59110-59112]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-8529]


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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 
(collectively, 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 July 14, 2006, the agencies, under the auspices of the Federal 
Financial Institutions Examination Council (FFIEC), published a notice 
in the Federal Register (71 FR 40119) requesting public comment for 60 
days on the extension, with revision, of the Foreign Branch Report of 
Condition (FFIEC 030), which is a currently approved information 
collection for each agency. The comment period for this notice expired 
on September 12, 2006. No comments were received. The agencies are now 
submitting requests to OMB for approval of the extension, with 
revision, of the FFIEC 030.

DATES: Comments must be submitted on or before November 6, 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: You should direct your comments to: 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

[[Page 59111]]

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 (7100-
0071), by any of the following methods:
     Agency Web site: https://www.federalreserve.gov. Follow the 
instructions for submitting comments on the https://
www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the instructions for submitting comments.
     E-mail: regs.comments@federalreserve.gov. Include the OMB 
control 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 
https://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 
``Foreign Branch Report of Condition, 3064-0011,'' by any of the 
following methods:
     Agency Web site: https://www.fdic.gov/regulations/laws/
federal/notices.html. Follow the instructions for submitting comments 
on the FDIC Web site.
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the instructions for submitting comments.
     E-mail: comments@FDIC.gov. Include ``Foreign Branch Report 
of Condition, 3064-0011'' in the subject line of the message.
     Mail: Steven F. Hanft, Clearance Officer (202-898-3907), 
Attention: Comments, Federal Deposit Insurance Corporation, 550 17th 
Street, NW., Washington, DC 20429.
     Hand Delivery/Courier: 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 a.m. and 5 p.m.
    Public Inspection: All comments received will be posted without 
change to https://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: Additional information or a copy of 
the collection may be requested from:
    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, Clearance Officer, at shanft@fdic.gov, (202-
898-3907), Room MB-2088, 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 and FFIEC 030S contain 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. Foreign branches of U.S. banks that have in 
excess of $250 million in total assets file the FFIEC 030, with 
significant branches submitting the report quarterly and other branches 
in this size range submitting the report annually as of December 31. 
Foreign branches with total assets between $50 million and $250 million 
file the abbreviated FFIEC 030S report annually as of December 31. 
Foreign branches with less than $50 million in total assets are exempt 
from reporting. All reports are filed with the appropriate Federal 
Reserve District Bank. The Federal Reserve collects this information on 
behalf of the parent U.S. bank's primary federal bank regulatory 
agency.

Current Actions

    In response to the July 14, 2006, notice published in the Federal 
Register (71 FR 40119), the agencies did not receive any comments. The 
revisions to

[[Page 59112]]

the FFIEC 030 have been approved by the FFIEC as originally proposed 
and are summarized below. The agencies will implement the changes as of 
the December 31, 2006, reporting date.

Listing of Revisions

A. Revisions to the FFIEC 030

    The agencies will 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 being 
eliminated are:
     Asset item 6.d, ``Loans to foreign governments and 
official institutions.'' Amounts will 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 will be included in current item 13, 
``Other assets.''
     Asset item 9, ``Accrued interest receivable.'' Amounts 
will be included in current item 13, ``Other assets.''
     Liability item 19, ``Bank's liability on acceptances 
executed and outstanding.'' Amounts will be included in current item 
24, ``Other liabilities.''
     Liability item 20, ``Accrued taxes and other expenses.'' 
Amounts will be included in current item 24, ``Other liabilities.''

B. Implementation of the FFIEC 030S

    The agencies are creating an abbreviated or ``short'' report (FFIEC 
030S) containing five items that branches with total assets between $50 
million and $250 million will file on an annual basis in lieu of the 
FFIEC 030 form. The scope of the FFIEC 030S is comparable to a report 
filed with the Federal Reserve by U.S. banking organizations for their 
foreign subsidiaries.\1\ The items 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 will also be used to monitor potential 
developments that may pose risks to the overall operations of the 
parent bank. The items for the FFIEC 030S are:
---------------------------------------------------------------------------

    \1\ 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 (a combination of 
current FFIEC 030 liability items 22 and 23)
     Total gross notional amount of derivative contracts (a 
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 (a combination of current 
FFIEC 030 off-balance sheet items 29 and 30)

C. Exempt Entities

    The agencies will 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' 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 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: September 29, 2006.
Stuart Feldstein,
Assistant Director, Legislative and Regulatory Activities Division.

    Board of Governors of the Federal Reserve System, October 2, 
2006.
Jennifer J. Johnson,
Secretary of the Board.

    Dated at Washington, DC, this 27th day of September, 2006.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 06-8529 Filed 10-5-06; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P
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