Section 18(d)(2) of the Federal
Deposit Insurance Act, requires a nonment bank to obtain the FDIC's
consent to establish or operate a branch in a foreign country and
authorizes the FDIC to impose conditions and issue regulations
governing foreign branch- es of nonmember banks. Section 18(a)
requires a nonmember bank to obtain the FDIC's consent to acquire
and hold, directly or indirectly, stock or other evidences of
ownership in any foreign bank or other entity.
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.