Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks; Report of Assets and Liabilities of Non-U.S. Branches That Are Managed or Controlled by a U.S. Branch or Agency of a Fo

Forms and Documents

Document Name	Status
Form FFIEC 002 Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks Form	Modified
Form FFIEC 002S Report of Assets and Liabilities of Non-U.S. Branches That Are Managed or Controlled by a U.S. Branch or Agency of a Foreign (Non-U.S.) Bank Form	Modified
FFIEC002_FFIEC002S_20081124_omb.pdf Supporting Statement A	2008-11-24
EmergencyPRALetter_20081124.pdf Supplementary Document	2008-11-24

IC Document Collections

IC ID	Document Title	Status
36008	Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks Form	Modified
183721	Report of Assets and Liabilities of Non-U.S. Branches That Are Managed or Controlled by a U.S. Branch or Agency of a Foreign (Non-U.S.) Bank Form	Modified

ICR Details

OMB Control No: 7100-0032	ICR Reference No: 200811-7100-011
Status: Historical Active	Previous ICR Reference No: 200802-7100-002
Agency/Subagency: FRS	Agency Tracking No: FFIEC 002; FFIEC 002S
Title: Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks; Report of Assets and Liabilities of Non-U.S. Branches That Are Managed or Controlled by a U.S. Branch or Agency of a Fo
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 11/26/2008
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/26/2008
	Date Received in OIRA: 11/24/2008
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2009	6 Months From Approved	06/30/2011
Responses	1,316	0	1,316
Time Burden (Hours)	27,981	0	27,960
Cost Burden (Dollars)	0	0	0

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Abstract: The FFIEC requires U.S. branches and agencies of foreign banks to provide balance sheet information quarterly on this interagency report to fulfill the supervisory and regulatory reporting requirements of the International Banking Act of 1978. The Federal Reserve also uses the data to augment the bank credit, loan, and deposit information needed for monetary policy purposes.

Emergency Justfication: Pursuant to a systemic risk determination by the Secretary of the Treasury (after consultation with the President), the FDIC Board of Directors established the Temporary Liquidity Guarantee Program (TLGP) as part of a coordinated Federal government response to the unprecedented disruption in credit markets and the resultant effects on the abilities of insured depository institutions to fund themselves and to intermediate credit. The TLGP is comprised of a Debt Guarantee Program and a Transaction Account Guarantee Program, and includes a system of fees to be paid by participating entities for the guarantees. In order for the FDIC to calculate the fees to be assessed under the Transaction Account Guarantee Program portion of the TLGP and any systemic risk emergency special assessments, it needs information not currently collected. The best method for obtaining this information is through revisions to the Call Reports.

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Authorizing Statute(s): US Code: 12 USC 1817(a) Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 3102(b) Name of Law: International Banking Act
   US Code: 5 USC 552(b)(4) Name of Law: Freedom of Information Act
   US Code: 12 USC 3105(c)(2) Name of Law: International Banking Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3064-AD37	Final or interim final rulemaking	73 FR 64179	10/29/2008

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Report of Assets and Liabilities of Non-U.S. Branches That Are Managed or Controlled by a U.S. Branch or Agency of a Foreign (Non-U.S.) Bank	FFIEC 002S	Report of Assets and Liabilities of Non-U.S. Branches That Are Managed or Controlled by a U.S. Branch or Agency of a Foreign (Non-U.S.) Bank
Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks	FFIEC 002	Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks

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ICR Summary of Burden

	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	1,316	1,316	0	0	0	0
Annual Time Burden (Hours)	27,981	27,960	0	21	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The Federal Reserve proposes to add the following data items to the FFIEC 002 effective December 31, 2008: (1) number of noninterest-bearing transaction accounts over $250,000 and (2) amount of noninterest-bearing transaction accounts over $250,000. These revisions arise from a final rule approved by the FDIC Board of Directors on November 21, 2008, which implements the FDIC's Temporary Liquidity Guarantee (TLG) Program.

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Annual Cost to Federal Government: $221,900

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 11/24/2008

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