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

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 a Non-U.S. Branch That Is Managed or Controlled by a U.S. Branch or Agency of a Foreign (Non-U.S.) Bank Form	Unchanged
FFIEC002_FFIEC002S_201108_83c.pdf Justification for No Material/Nonsubstantive Change	2011-08-01

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 a Non-U.S. Branch That Is Managed or Controlled by a U.S. Branch or Agency of a Foreign (Non-U.S.) Bank Form	Unchanged

ICR Details

OMB Control No: 7100-0032	ICR Reference No: 201108-7100-001
Status: Historical Active	Previous ICR Reference No: 201106-7100-005
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 a Non-U.S. Branch That Is Managed or Controlled by a U.S. Branch or Agency of a For
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 06/21/2011
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/14/2011
	Date Received in OIRA: 10/03/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2011	12/31/2011	12/31/2011
Responses	1,172	0	1,180
Time Burden (Hours)	25,374	0	25,577
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. The FFIEC requires U.S. branches and agencies of foreign banks that manage or control any non-U.S. branch to provide selected balance sheet information on such non-U.S. branches quarterly on this interagency report to assist in the supervision of U.S. office of foreign banks, and to augment the bank credit, loan, and deposit information needed for monetary policy purposes.

Emergency Justfication: These revisions arise from a final rule approved by the FDIC Board of Directors on February 7, 2011, which implemented Section 331(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and revised the assessment system for large insured depository institutions. In order for the FDIC to calculate deposit insurance assessments under the final rule, the FDIC needs certain new data not currently collected from insured depository institutions. The agencies proposed to collect this data in an initial Federal Register notice published March 16, 2011. However, public comments were received on this notice and the consideration of those comments did not allow the agencies to finalize the changes prior to the effective date of June 30, 2011.

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Authorizing Statute(s): US Code: 12 USC 3105(c)(2) Name of Law: International Banking Act
   US Code: 12 USC 1817(a) Name of Law: Federal Deposit Insurance Act
   US Code: 5 USC 552(b)(4) Name of Law: Freedom of Information Act
   US Code: 12 USC 3102(b) 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-AD66	Final or interim final rulemaking	76 FR 10672	02/25/2011

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 14460	03/16/2011
Did the Agency receive public comments on this ICR? Yes

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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 a Non-U.S. Branch That Is 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	1,172	1,180	0	0	-8	0
Annual Time Burden (Hours)	25,374	25,577	0	0	-203	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: Decrease in burden reflects a decrease in the respondent panel.

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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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

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: 10/03/2011

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