Proposed Agency Information Collection Activities; Comment Request, 24619-24621 [2021-09654]

Download as PDF Federal Register / Vol. 86, No. 87 / Friday, May 7, 2021 / Notices 24619 CALENDAR OF REPORTING DATES FOR OHIO SPECIAL ELECTIONS—Continued Close of books 1 Report Reg./cert. & overnight mailing deadline Filing deadline CAMPAIGN COMMITTEES INVOLVED IN ONLY THE SPECIAL GENERAL (11/02/2021) MUST FILE July Quarterly ............................................................................................................. 06/30/2021 October Quarterly ...................................................................................................... Pre-General ............................................................................................................... Post-General .............................................................................................................. Year-End .................................................................................................................... 07/15/2021 07/15/2021 —WAIVED— 10/13/2021 11/22/2021 12/31/2021 10/18/2021 12/02/2021 01/31/2022 10/21/2021 12/02/2021 01/31/2022 PACs AND PARTY COMMITTEES NOT FILING MONTHLY INVOLVED IN ONLY THE SPECIAL GENERAL (11/02/2021) MUST FILE Mid-Year .................................................................................................................... Pre-General ............................................................................................................... Post-General .............................................................................................................. Year-End .................................................................................................................... 06/30/2021 10/13/2021 11/22/2021 12/31/2021 07/31/2021 10/18/2021 12/02/2021 01/31/2022 2 07/31/2021 10/21/2021 12/02/2021 01/31/2022 1 The reporting period always begins the day after the closing date of the last report filed. If the committee is new and has not previously filed a report, the first report must cover all activity that occurred before the committee registered as a political committee up through the close of books for the first report due. 2 Notice that this filing deadline falls on a weekend. Filing deadlines are not extended when they fall on nonworking days. Accordingly, reports filed by methods other than registered, certified or overnight mail must be received by close of business on the last business day before the deadline. Dated: May 3, 2021. On behalf of the Commission, Shana M. Broussard, Chair, Federal Election Commission. FFIEC 019 that would take effect March 31, 2022, as discussed in the Section II, Current Actions, below. In determining whether to modify the proposed collection of information, the agencies will consider all comments received. As required by the PRA, the Board would then publish a second Federal Register notice for a 30-day comment period and submit the final FFIEC 019 clearance package to OMB for review and approval. [FR Doc. 2021–09656 Filed 5–6–21; 8:45 am] BILLING CODE 6715–01–P FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request Board of Governors of the Federal Reserve System (Board) ACTION: Notice and request for comment. AGENCY: In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (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. The Federal Financial Institutions Examination Council (FFIEC), of which the agencies are members, has approved the Board’s publication, on behalf of the agencies, for public comment of a proposal to revise and extend the Country Exposure Report for U.S. Branches and Agencies of Foreign Banks (FFIEC 019), which is currently an approved collection of information. The agencies are proposing revisions to the SUMMARY: VerDate Sep<11>2014 19:55 May 06, 2021 Jkt 253001 Comments must be submitted on or before July 6, 2021. ADDRESSES: Interested parties are invited to submit written comments, identified by ‘‘FFIEC 019,’’ by any of the following methods: • Agency Website: https:// www.federalreserve.gov/. Follow the instructions for submitting comments at https://www.federalreserve.gov/apps/ foia/proposedregs.aspx. • Email: regs.comments@ federalreserve.gov. Include the reporting form number in the subject line of the message. • Fax: (202) 452–3819 or (202) 452– 3102. • Mail: Ann E. Misback, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551. All public comments are available from the Board’s website at https:// www.federalreserve.gov/apps/foia/ proposedregs.aspx as submitted, unless modified for technical reasons or to remove personally identifiable DATES: PO 00000 Frm 00038 Fmt 4703 Sfmt 4703 information at the commenter’s request. Accordingly, comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper in Room 146, 1709 New York Avenue NW, Washington, DC 20006, between 9:00 a.m. and 5:00 p.m. on weekdays. For security reasons, the Board requires that visitors make an appointment to inspect comments. You may do so by calling (202) 452–3684. Upon arrival, visitors will be required to present valid government-issued photo identification and to submit to security screening in order to inspect and photocopy comments. Additionally, commenters may send a copy of their comments to the OMB desk officer for the agencies by mail to the Office of Information and Regulatory Affairs, U.S. Office of Management and Budget, New Executive Office Building, Room 10235, 725 17th Street NW, Washington, DC 20503; by fax to (202) 395–6974; or by email to oira_ submission@omb.eop.gov. FOR FURTHER INFORMATION CONTACT: For further information about the proposed extension with revision of the FFIEC 019 discussed in this notice, please contact the agency staff member whose name appears below. In addition, a copy of the FFIEC 019 form can be obtained at the FFIEC’s website (https:// www.ffiec.gov/ffiec_report_forms.htm). Nuha Elmaghrabi, Federal Reserve Board Clearance Officer, (202) 452– 3884, Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, 20th and C Streets NW, E:\FR\FM\07MYN1.SGM 07MYN1 24620 Federal Register / Vol. 86, No. 87 / Friday, May 7, 2021 / Notices Washington, DC 20551. Telecommunications Device for the Deaf users may call (202) 263–4869. SUPPLEMENTARY INFORMATION: The Board is proposing to extend for three years, with revision, the FFIEC 019. Report Title: Country Exposure Report for U.S. Branches and Agencies of Foreign Banks. Form Number: FFIEC 019. OMB control number: 7100–0213. Frequency of Response: Quarterly. Affected Public: Business or other forprofit. Respondents: All branches and agencies of foreign banks domiciled in the United States with total direct claims on foreign residents in excess of $30 million. Estimated Number of Respondents: Ongoing: 147; one-time: 20. Estimated Average Burden per Response: Ongoing: 10 hours; one-time: 4 hours. Estimated Total Annual Burden: Ongoing: 5,880 hours; one-time: 320 hours. I. General Description of Report This information collection is required pursuant to sections 7 and 13 of the International Banking Act (12 U.S.C. 3105 and 3108) for the Board, sections 7 and 10 of the Federal Deposit Insurance Act (12 U.S.C. 1817 and 1820) for the FDIC, and the National Bank Act (12 U.S.C. 161) as applied through section 4 of the International Banking Act (12 U.S.C. 3102) for the OCC. The FFIEC 019 is given confidential treatment consistent with 5 U.S.C. 552(b)(4) and (b)(8). The FFIEC 019 report must be filed by each U.S. branch or agency of a foreign bank that has total direct claims on foreign residents in excess of $30 million. The branch or agency reports its total exposure (1) to residents of its home country, and (2) to the other five foreign nations to which its exposure is largest and is at least $20 million. The home country exposure must be reported regardless of the size of the total claims for that nation. Each respondent must report by country, as appropriate, the information on its direct claims (assets such as deposit balances with banks, loans, or securities), indirect claims (which include guarantees), and total adjusted claims on foreign residents, as well as information on commitments. The respondent also must report information on claims on related non-U.S. offices that are included in total adjusted claims on the home country, as well as a breakdown for the home country and each other reported country of adjusted claims on unrelated foreign residents by VerDate Sep<11>2014 19:55 May 06, 2021 Jkt 253001 the sector of borrower or guarantor, and by maturity (in two categories: One year or less, and over one year). The Board collects and processes this report on behalf of all three agencies. II. Current Actions The FFIEC has approved the Board’s publication for public comment of a proposal to revise and extend for three years the FFIEC 019. The agencies propose to revise the FFIEC 019 by removing the five-country limit on the reporting of gross claims on foreign nations to which the U.S. branch or agency of a foreign bank has its largest total exposures of at least $20 million. Removal of the five-country reporting limit would allow supervisors to collect information on all foreign countries for which the U.S. branch or agency of a foreign bank has exposure of $20 million or above. The existing fivecountry limit was implemented at a time when U.S. branches and agencies of foreign banks had a smaller presence in the U.S. and their exposures to foreign nations were limited to their home country and one or two other nations where the U.S. branch or agency conducted transactions primarily for financing trade. Currently, there are larger U.S. branches and agencies of foreign banks that conduct a wider range of transactions as part of the parent bank’s global strategy. For example, some U.S. branches are now an integral part of the parent bank’s capital market operations engaging in funding transactions between off-shore countries and other branches of the parent bank in other regions, such as Europe, Asia, and Latin America. According to the most recent FFIEC 019 data, a number of U.S. branches and agencies of foreign banks had a fifthcountry reported exposure above $50 million, and seven respondents had a fifth-country exposure above $1 billion. This data provides evidence that the five-country limit could be excluding sizeable foreign exposures. The proposed revision would facilitate consistency of reporting across institutions for key components of foreign country exposure. The additional reported data would allow supervisors to compare the amount of one institution’s exposures to those of its peers for a country or set of countries, to analyze the aggregate exposure of U.S. banks to foreign creditors, and to monitor trends in exposures. The existing FFIEC 019 report form and instructions would be revised to reflect removal of the five-country reporting limit. Specifically, references to ‘‘other five foreign nations to which PO 00000 Frm 00039 Fmt 4703 Sfmt 4703 its exposure is largest and is at least $20 million’’ would be revised to read ‘‘other foreign nations to which its exposure is at least $20 million.’’ The existing report form would be revised to permit more than five line items to report foreign countries for which the total adjusted claims is largest and is greater than or equal to $20 million. For consistency with other FFIEC reports, the FFIEC 019 report form would be revised to add the list of countries and codes that are currently reflected on the Country Exposure Report (FFIEC 009). The instructions would be updated to direct respondents to leave columns blank for countries below the disclosure threshold of $20 million. The agencies estimate that, for the approximately 20 financial institutions expected to have more than five foreign country exposures of at least $20 million to report, the proposed revision would impose, on average, a 4-hour implementation burden to update each firm’s reporting systems and practices. The estimated number of institutions with additional exposures to report is based on the number of respondents that reported five foreign exposures of at least $20 million as of year-end 2020. Once reporting systems are updated, the agencies believe that ongoing burden will not substantially change because any increase in the total number of foreign exposures reported would be approximately offset by the simplified assessment to determine which foreign exposures to report. The estimated total number of respondents is based on yearend FFIEC 019 reporting for 2020. III. Request for Comment Public comment is requested on all aspects of this notice. Comment is also specifically invited on: a. Whether the information collection is necessary for the proper performance of the agencies’ functions, including whether the information has practical utility; b. The accuracy of the agencies’ estimate of the burden of the information collection, including the validity of the methodology and assumptions used; c. Ways to enhance the quality, utility, and clarity of the information to be collected; d. Ways to minimize the burden of the information collection on respondents, including through the use of automated collection techniques or other forms of information technology; and e. Estimates of capital or start up costs and costs of operation, maintenance, and purchase of services to provide information. E:\FR\FM\07MYN1.SGM 07MYN1 Federal Register / Vol. 86, No. 87 / Friday, May 7, 2021 / Notices Comments submitted to the Board in response to this notice will be shared with the other agencies. All comments will become a matter of public record. Board of Governors of the Federal Reserve System, May 4, 2021. Michele Taylor Fennell, Deputy Associate Secretary of the Board. Board of Governors of the Federal Reserve System, May 3, 2021. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2021–09740 Filed 5–6–21; 8:45 am] [FR Doc. 2021–09654 Filed 5–6–21; 8:45 am] BILLING CODE 6210–01–P DEPARTMENT OF HEALTH AND HUMAN SERVICES BILLING CODE 6210–01–P Centers for Disease Control and Prevention FEDERAL RESERVE SYSTEM [60Day-21–0953; Docket No. CDC–2021– 0047] 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 public portions of the applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors. This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank and from the Board’s Freedom of Information Office at https://www.federalreserve.gov/foia/ request.htm. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington DC 20551–0001, not later than June 7, 2021. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. High Point Financial Services, Inc., Forreston, Illinois; to acquire Durand Bancorp, Inc., and thereby indirectly acquire Durand State Bank, both of Durand, Illinois. VerDate Sep<11>2014 19:55 May 06, 2021 Jkt 253001 Proposed Data Collection Submitted for Public Comment and Recommendations Centers for Disease Control and Prevention (CDC), Department of Health and Human Services (HHS). ACTION: Notice with comment period. AGENCY: The Centers for Disease Control and Prevention (CDC), as part of its continuing effort to reduce public burden and maximize the utility of government information, invites the general public and other Federal agencies the opportunity to comment on a proposed and/or continuing information collection, as required by the Paperwork Reduction Act of 1995. This notice invites comment on a proposed information collection project titled Generic Clearance for the Collection of Qualitative Feedback on Agency Service Delivery. The information collection activities provide a means to garner qualitative customer and stakeholder feedback in an efficient, timely manner, in accordance with the Federal government’s commitment to improving service delivery. DATES: CDC must receive written comments on or before July 6, 2021. ADDRESSES: You may submit comments, identified by Docket No. CDC–2021– 0047 by any of the following methods: • Federal eRulemaking Portal: Regulations.gov. Follow the instructions for submitting comments. • Mail: Jeffrey M. Zirger, Information Collection Review Office, Centers for Disease Control and Prevention, 1600 Clifton Road NE, MS–D74, Atlanta, Georgia 30329. Instructions: All submissions received must include the agency name and Docket Number. CDC will post, without change, all relevant comments to Regulations.gov. Please note: Submit all comments through the Federal eRulemaking portal (regulations.gov) or by U.S. mail to the address listed above. SUMMARY: PO 00000 Frm 00040 Fmt 4703 Sfmt 4703 24621 To request more information on the proposed project or to obtain a copy of the information collection plan and instruments, contact Jeffrey M. Zirger, Information Collection Review Office, Centers for Disease Control and Prevention, 1600 Clifton Road NE, MS– D74, Atlanta, Georgia 30329; phone: 404–639–7118; Email: omb@cdc.gov. FOR FURTHER INFORMATION CONTACT: Under the Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 3501–3520), Federal agencies must obtain approval from the Office of Management and Budget (OMB) for each collection of information they conduct or sponsor. In addition, the PRA also requires Federal agencies to provide a 60-day notice in the Federal Register concerning each proposed collection of information, including each new proposed collection, each proposed extension of existing collection of information, and each reinstatement of previously approved information collection before submitting the collection to the OMB for approval. To comply with this requirement, we are publishing this notice of a proposed data collection as described below. The OMB is particularly interested in comments that will help: 1. Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; 2. Evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; 3. Enhance the quality, utility, and clarity of the information to be collected; 4. Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submissions of responses; and 5. Assess information collection costs. SUPPLEMENTARY INFORMATION: Proposed Project Generic Clearance for the Collection of Qualitative Feedback on Agency Service Delivery (OMB Control No. 0920–0953, Exp. 8/31/2021)— Extension—National Institute for Occupational Safety and Health (NIOSH), Centers for Disease Control and Prevention (CDC). E:\FR\FM\07MYN1.SGM 07MYN1

Agencies

[Federal Register Volume 86, Number 87 (Friday, May 7, 2021)]
[Notices]
[Pages 24619-24621]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-09654]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System (Board)

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act of 1995 (PRA), the Board, the Federal Deposit Insurance Corporation 
(FDIC), and the Office of the Comptroller of the Currency (OCC) 
(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. The Federal Financial Institutions Examination 
Council (FFIEC), of which the agencies are members, has approved the 
Board's publication, on behalf of the agencies, for public comment of a 
proposal to revise and extend the Country Exposure Report for U.S. 
Branches and Agencies of Foreign Banks (FFIEC 019), which is currently 
an approved collection of information. The agencies are proposing 
revisions to the FFIEC 019 that would take effect March 31, 2022, as 
discussed in the Section II, Current Actions, below. In determining 
whether to modify the proposed collection of information, the agencies 
will consider all comments received. As required by the PRA, the Board 
would then publish a second Federal Register notice for a 30-day 
comment period and submit the final FFIEC 019 clearance package to OMB 
for review and approval.

DATES: Comments must be submitted on or before July 6, 2021.

ADDRESSES: Interested parties are invited to submit written comments, 
identified by ``FFIEC 019,'' by any of the following methods:
     Agency Website: https://www.federalreserve.gov/. Follow 
the instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     Email: [email protected]. Include the 
reporting form number in the subject line of the message.
     Fax: (202) 452-3819 or (202) 452-3102.
     Mail: Ann E. Misback, Secretary, Board of Governors of the 
Federal Reserve System, 20th Street and Constitution Avenue NW, 
Washington, DC 20551.
    All public comments are available from the Board's website at 
https://www.federalreserve.gov/apps/foia/proposedregs.aspx as 
submitted, unless modified for technical reasons or to remove 
personally identifiable information at the commenter's request. 
Accordingly, comments will not be edited to remove any identifying or 
contact information. Public comments may also be viewed electronically 
or in paper in Room 146, 1709 New York Avenue NW, Washington, DC 20006, 
between 9:00 a.m. and 5:00 p.m. on weekdays. For security reasons, the 
Board requires that visitors make an appointment to inspect comments. 
You may do so by calling (202) 452-3684. Upon arrival, visitors will be 
required to present valid government-issued photo identification and to 
submit to security screening in order to inspect and photocopy 
comments.
    Additionally, commenters may send a copy of their comments to the 
OMB desk officer for the agencies by mail to the Office of Information 
and Regulatory Affairs, U.S. Office of Management and Budget, New 
Executive Office Building, Room 10235, 725 17th Street NW, Washington, 
DC 20503; by fax to (202) 395-6974; or by email to 
[email protected].

FOR FURTHER INFORMATION CONTACT: For further information about the 
proposed extension with revision of the FFIEC 019 discussed in this 
notice, please contact the agency staff member whose name appears 
below. In addition, a copy of the FFIEC 019 form can be obtained at the 
FFIEC's website (https://www.ffiec.gov/ffiec_report_forms.htm).
    Nuha Elmaghrabi, Federal Reserve Board Clearance Officer, (202) 
452-3884, Office of the Chief Data Officer, Board of Governors of the 
Federal Reserve System, 20th and C Streets NW,

[[Page 24620]]

Washington, DC 20551. Telecommunications Device for the Deaf users may 
call (202) 263-4869.

SUPPLEMENTARY INFORMATION: The Board is proposing to extend for three 
years, with revision, the FFIEC 019.
    Report Title: Country Exposure Report for U.S. Branches and 
Agencies of Foreign Banks.
    Form Number: FFIEC 019.
    OMB control number: 7100-0213.
    Frequency of Response: Quarterly.
    Affected Public: Business or other for-profit.
    Respondents: All branches and agencies of foreign banks domiciled 
in the United States with total direct claims on foreign residents in 
excess of $30 million.
    Estimated Number of Respondents: Ongoing: 147; one-time: 20.
    Estimated Average Burden per Response: Ongoing: 10 hours; one-time: 
4 hours.
    Estimated Total Annual Burden: Ongoing: 5,880 hours; one-time: 320 
hours.

I. General Description of Report

    This information collection is required pursuant to sections 7 and 
13 of the International Banking Act (12 U.S.C. 3105 and 3108) for the 
Board, sections 7 and 10 of the Federal Deposit Insurance Act (12 
U.S.C. 1817 and 1820) for the FDIC, and the National Bank Act (12 
U.S.C. 161) as applied through section 4 of the International Banking 
Act (12 U.S.C. 3102) for the OCC. The FFIEC 019 is given confidential 
treatment consistent with 5 U.S.C. 552(b)(4) and (b)(8).
    The FFIEC 019 report must be filed by each U.S. branch or agency of 
a foreign bank that has total direct claims on foreign residents in 
excess of $30 million. The branch or agency reports its total exposure 
(1) to residents of its home country, and (2) to the other five foreign 
nations to which its exposure is largest and is at least $20 million. 
The home country exposure must be reported regardless of the size of 
the total claims for that nation.
    Each respondent must report by country, as appropriate, the 
information on its direct claims (assets such as deposit balances with 
banks, loans, or securities), indirect claims (which include 
guarantees), and total adjusted claims on foreign residents, as well as 
information on commitments. The respondent also must report information 
on claims on related non-U.S. offices that are included in total 
adjusted claims on the home country, as well as a breakdown for the 
home country and each other reported country of adjusted claims on 
unrelated foreign residents by the sector of borrower or guarantor, and 
by maturity (in two categories: One year or less, and over one year). 
The Board collects and processes this report on behalf of all three 
agencies.

II. Current Actions

    The FFIEC has approved the Board's publication for public comment 
of a proposal to revise and extend for three years the FFIEC 019. The 
agencies propose to revise the FFIEC 019 by removing the five-country 
limit on the reporting of gross claims on foreign nations to which the 
U.S. branch or agency of a foreign bank has its largest total exposures 
of at least $20 million.
    Removal of the five-country reporting limit would allow supervisors 
to collect information on all foreign countries for which the U.S. 
branch or agency of a foreign bank has exposure of $20 million or 
above. The existing five-country limit was implemented at a time when 
U.S. branches and agencies of foreign banks had a smaller presence in 
the U.S. and their exposures to foreign nations were limited to their 
home country and one or two other nations where the U.S. branch or 
agency conducted transactions primarily for financing trade. Currently, 
there are larger U.S. branches and agencies of foreign banks that 
conduct a wider range of transactions as part of the parent bank's 
global strategy. For example, some U.S. branches are now an integral 
part of the parent bank's capital market operations engaging in funding 
transactions between off-shore countries and other branches of the 
parent bank in other regions, such as Europe, Asia, and Latin America.
    According to the most recent FFIEC 019 data, a number of U.S. 
branches and agencies of foreign banks had a fifth-country reported 
exposure above $50 million, and seven respondents had a fifth-country 
exposure above $1 billion. This data provides evidence that the five-
country limit could be excluding sizeable foreign exposures. The 
proposed revision would facilitate consistency of reporting across 
institutions for key components of foreign country exposure. The 
additional reported data would allow supervisors to compare the amount 
of one institution's exposures to those of its peers for a country or 
set of countries, to analyze the aggregate exposure of U.S. banks to 
foreign creditors, and to monitor trends in exposures.
    The existing FFIEC 019 report form and instructions would be 
revised to reflect removal of the five-country reporting limit. 
Specifically, references to ``other five foreign nations to which its 
exposure is largest and is at least $20 million'' would be revised to 
read ``other foreign nations to which its exposure is at least $20 
million.'' The existing report form would be revised to permit more 
than five line items to report foreign countries for which the total 
adjusted claims is largest and is greater than or equal to $20 million. 
For consistency with other FFIEC reports, the FFIEC 019 report form 
would be revised to add the list of countries and codes that are 
currently reflected on the Country Exposure Report (FFIEC 009). The 
instructions would be updated to direct respondents to leave columns 
blank for countries below the disclosure threshold of $20 million.
    The agencies estimate that, for the approximately 20 financial 
institutions expected to have more than five foreign country exposures 
of at least $20 million to report, the proposed revision would impose, 
on average, a 4-hour implementation burden to update each firm's 
reporting systems and practices. The estimated number of institutions 
with additional exposures to report is based on the number of 
respondents that reported five foreign exposures of at least $20 
million as of year-end 2020. Once reporting systems are updated, the 
agencies believe that ongoing burden will not substantially change 
because any increase in the total number of foreign exposures reported 
would be approximately offset by the simplified assessment to determine 
which foreign exposures to report. The estimated total number of 
respondents is based on year-end FFIEC 019 reporting for 2020.

III. Request for Comment

    Public comment is requested on all aspects of this notice. Comment 
is also specifically invited on:
    a. Whether the information collection is necessary for the proper 
performance of the agencies' functions, including whether the 
information has practical utility;
    b. The accuracy of the agencies' estimate of the burden of the 
information collection, including the validity of the methodology and 
assumptions used;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of the information collection on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and
    e. Estimates of capital or start up costs and costs of operation, 
maintenance, and purchase of services to provide information.

[[Page 24621]]

    Comments submitted to the Board in response to this notice will be 
shared with the other agencies. All comments will become a matter of 
public record.

    Board of Governors of the Federal Reserve System, May 3, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-09654 Filed 5-6-21; 8:45 am]
BILLING CODE 6210-01-P