Foreign Banks

Forms and Documents

Document Name	Status
FR2-0114 Foreign Banks 81 FR 18852 (1 APR 2016).pdf Supplementary Document	2016-04-01
SPST-0114 Foreign Banks with US Branches (2016).doc Supporting Statement A	2016-03-31
FR1-0114 Foreign Banks 81 FR 239 (5 JAN 2016).pdf Supplementary Document	2016-03-30

IC Document Collections

IC ID	Document Title	Status
31892	Foreign Banks	Removed
220819	Recordkeeping	New
220818	Pledge of Assets Reports	New
220816	Pledge of Assets Documents	New
220812	Approval to Conduct Activities	New
220769	Consent to Operate	New
220768	Moving a Branch	New

ICR Details

OMB Control No: 3064-0114	ICR Reference No: 201512-3064-009
Status: Historical Active	Previous ICR Reference No: 201301-3064-002
Agency/Subagency: FDIC	Agency Tracking No:
Title: Foreign Banks
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/03/2016
	Date Received in OIRA: 04/01/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2019	36 Months From Approved	06/30/2016
Responses	93	0	93
Time Burden (Hours)	1,314	0	1,314
Cost Burden (Dollars)	0	0	0

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Abstract: The collection consists of (a) applications to move an insured branch of a foreign bank; (b) applications to operate as a non-insured state-licensed branch of a foreign bank; (c) applications from an insured state licensed branch of a foreign bank to conduct activities that are not permissible for a federally-licensed branch; (d) internal recordkeeping by insured branches of foreign banks; and (e) reporting requirements relating to an insured branch's pledge of assets to the FDIC.

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Authorizing Statute(s): US Code: 12 USC 3104 Name of Law: International Banking Act
   US Code: 12 USC 1815 Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 3105 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:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 239	01/05/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 18852	04/01/2016
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 6

IC Title	Form No.	Form Name
Moving a Branch
Consent to Operate
Approval to Conduct Activities
Pledge of Assets Reports
Recordkeeping
Foreign Banks
Pledge of Assets Documents

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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	93	93	0	0	0	0
Annual Time Burden (Hours)	1,314	1,314	0	0	0	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:

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Annual Cost to Federal Government:

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: 04/01/2016

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