International Applications and Prior Notifications Under Subpart B of Regulation K

ICR 200806-7100-004

OMB: 7100-0284

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Justification for No Material/Nonsubstantive Change
2008-06-04
ICR Details
7100-0284 200806-7100-004
Historical Active 200509-7100-002
FRS FR K-2
International Applications and Prior Notifications Under Subpart B of Regulation K
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 06/06/2008
Retrieve Notice of Action (NOA) 06/06/2008
  Inventory as of this Action Requested Previously Approved
09/30/2008 09/30/2008 09/30/2008
18 0 12
630 0 420
0 0 0

The FR K-2 is the application and prior notification requirement in Regulation K for foreign banks to establish branches, agencies, and representative offices or to acquire ownership or control of commercial lending companies in the United States. The form is also used for changes to the status of existing offices in the United States. The Federal Reserve needs the information to fulfill its statutory obligation to supervise foreign banking organizations with offices in the United States.

US Code: 12 USC 3105 and 3107 Name of Law: International Banking Act
  
None

Not associated with rulemaking

No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 18 12 0 0 6 0
Annual Time Burden (Hours) 630 420 0 0 210 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
Increase in burden hours reflects update to the respondent count.

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Scott Farmer 202-452-2253 [email protected]

  No

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.
06/06/2008


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