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

ICR 201204-7100-003

OMB: 7100-0073

Federal Form Document

ICR Details
7100-0073 201204-7100-003
Historical Active 201012-7100-012
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 07/20/2012
Retrieve Notice of Action (NOA) 07/20/2012
  Inventory as of this Action Requested Previously Approved
03/31/2014 03/31/2014 03/31/2014
3,788 0 3,783
20,252 0 20,560
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, Edge and agreement corporations, and bank holding companies. 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: 12 USC 324, 602, 625 Name of Law: Federal Reserve Act
   US Code: 5 USC 552(b)(4), (b)(6), & (b)(8) Name of Law: Freedom of Information Act
   US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act
  
None

Not associated with rulemaking

  75 FR 67721 11/03/2010
76 FR 11474 03/02/2011
Yes

  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 3,788 3,783 0 0 5 0
Annual Time Burden (Hours) 20,252 20,560 0 0 -308 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The decrease in burden is due to an update to the respondent count.

$865,576
No
No
No
Yes
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.
07/20/2012


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