This information
collection is disapproved for the following reasons. Although the
statute does require public disclosure of this information, it is
not required until the appropriate agencies have issued regulations
implementing such disclosures. These regulations have not been
issued. Accordingly, there is no statutory and regulatory basis for
this collection of information. Further, even for a voluntary
report the agencies would virtually be giving no advance notice of
this collection. Considering that fact and the fact that the
agencies already have the information available, this collection
would be overly burdensome to the banks to report on such short
notice and would also be a duplicative reporting requirement.
Therefore, because December 1983 disclosure is not required by
statute, is duplicative of information already collected and is not
required for the proper performance of the agency function this
request is disapproved. The previous clearance for the Country
Exposure Report is continued.
Inventory as of this Action
Requested
Previously Approved
12/31/1985
12/31/1985
12/31/1985
62
0
62
1,364
0
1,364
0
0
0
THIS REPORT COLLECTS INFORMATION ON
INTERNATIONAL CLAIMS OF U.S. BANKS HOLDING COMPANIES USED FOR
SUPERVISORY AND ANALYTICAL PURPOSES. THIS INFORMATION IS ALSO USED
TO ANALYZE THE COUNTRY EXPOSURE OF BANKS IN ORDER TO DETERMINE THE
DEGREE OF RISK IN THEIR PORTFORLIOS AND THE POSSIBLE IMPACT ON U.S.
BANKS OF ANY ADVERSE DEVELOPMENTS IN PARTICULAR COUNTRIES.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.