Quarterly Report of Assets and Liabilities of Large Foreign Office of U. S. Banks

Forms and Documents

Document Name	Status
Form FR 2502q Quarterly Report of Assets and Liabilities of Large Foreign Office of U. S. Banks Form and Instruction	Modified
FR2502q_201203_83-c.pdf Justification for No Material/Nonsubstantive Change	2012-03-20
FR 2502q.20090318.omb.doc Supporting Statement A	2009-03-17

IC Document Collections

IC ID	Document Title	Status
36074	Quarterly Report of Assets and Liabilities of Large Foreign Office of U. S. Banks Form and Instruction	Modified

ICR Details

OMB Control No: 7100-0079	ICR Reference No: 201203-7100-007
Status: Historical Active	Previous ICR Reference No: 200902-7100-005
Agency/Subagency: FRS	Agency Tracking No: FR 2502q
Title: Quarterly Report of Assets and Liabilities of Large Foreign Office of U. S. Banks
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/21/2012
	Date Received in OIRA: 03/21/2012
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2012	03/31/2012	03/31/2012
Responses	220	0	336
Time Burden (Hours)	770	0	1,176
Cost Burden (Dollars)	0	0	0

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Abstract: This report provides information on foreign branch and subsidiary claims and liabilities with foreign countries. It also provides information on Eurodollars used in the construction of the monetary aggregates.

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Authorizing Statute(s): US Code: 12 USC 248(a)(2), 461, 602, 625, 353 Name of Law: The Federal Reserve Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 78797	12/23/2008
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 10739	03/12/2009
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Quarterly Report of Assets and Liabilities of Large Foreign Office of U. S. Banks	FR 2502q	Quarterly Report of Assets and Liabilities of Large Foreign Office of U. S. 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	220	336	0	0	-116	0
Annual Time Burden (Hours)	770	1,176	0	0	-406	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: The decrease in burden hours reflects an update to the respondent panel.

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Annual Cost to Federal Government: $0

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: 03/21/2012

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