Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations and Abbreviated Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations

ICR 201011-7100-009

OMB: 7100-0073

Federal Form Document

ICR Details
7100-0073 201011-7100-009
Historical Active 200909-7100-016
FRS FR 2314, FR 2314S
Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations and Abbreviated Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 12/10/2010
Retrieve Notice of Action (NOA) 12/10/2010
  Inventory as of this Action Requested Previously Approved
03/31/2011 03/31/2011 03/31/2011
3,783 0 2,832
20,560 0 16,983
0 0 0

The FR 2314 reporting forms collect financial information for non-functionally regulated direct or indirect foreign subsidiaries of U.S. state member banks (SMBs), Edge and agreement corporations, and BHCs. The FR 2314 data are used to identify current and potential problems at the foreign subsidiaries of U.S. parent companies, to monitor the activities of U.S. banking organizations in specific countries, and to develop a better understanding of activities within the industry, in general, and of individual institutions, in particular.

US Code: 5 USC 552(b)(4), (b)(6), & (b)(8) Name of Law: Freedom of Information Act
   US Code: 12 USC 324, 602, 625 Name of Law: Federal Reserve Act
  
None

Not associated with rulemaking

  74 FR 48960 09/25/2009
75 FR 9211 03/01/2010
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 3,783 2,832 0 0 951 0
Annual Time Burden (Hours) 20,560 16,983 0 0 3,577 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The increase in burden is due to an increase to the respondent panel.

$106,300
No
No
No
No
No
Uncollected
Nicole Padar 202-530-6294 [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.
12/10/2010


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