APPROVED WITH
THE CONDITION THAT THE FRB, IN THE NEXT SUBMISSION OF THIS PACKET,
INCLUDE A TIMETABLE FOR OFFERING THE OPTION OF ELECTRONIC
COLLECTION OF THIS INFORMATION. THIS CONDITION IS BEING IMPOSED TO
ENSURE THAT THE FRB IMPOSES ONLY THE MINIMUM BURDEN NECESSARY AND
INVESTIGATES ALL AVENUES OF INFORMATION TECHNOLOGY AS REQUIRED BY
THE PAPERWORK REDUCTION ACT AND ITS IMPLEMENTING REGULATIONS AT 5
CFR 1320. IN ADDITION, THE FRB SHOULD COORDINATE THE ESTIMATION OF
BURDEN IMPOSED WITH THE OCC BEFORE THE NEXT SUBMISSION. FINALLY,
THE FRB IS REMINDED THAT THIS COLLECTION IS A FFIEC
COLLECTION--BECAUSE THE FRB DOES NOT HAVE DELEGATED AUTHORITY TO
APPROVE FFIEC COLLECTIONS IT MUST SUBMIT THREE COPIES OF FFIEC
PAPERWORK REDUCTION ACT CLEARANCE PACKETS.
Inventory as of this Action
Requested
Previously Approved
12/31/1990
12/31/1990
09/30/1988
152
0
75
278
0
278
0
0
0
THIS REPORT PROVIDES THE ONLY
AVAILABLE KNOWN SOURCE OF THE VOLUME OF TRUST OR FIDUCIARY
ACTIVITIES OF FOREIGN BANKING AFFILIATES OF U.S. BANKING
ORGANIZATIONS. THE INFORMATION REPORTED IS USED FOR SUPERVISORY
PURPOSES.
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.