Foreign Banking and Investment by Insured State Nonmember Banks

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
SPST 0125 (2017).doc	Supporting Statement A	Uploaded 2017-04-25	Available
FR2 - 30-Day Federal Register Notice - 82 FR 10008 (Feb 9 2017).pdf	Supplementary Document	Uploaded 2017-03-14	Available
FR1 - 60-Day Federal Register Notice - 81 FR 85562 (Nov 28 2016).pdf	Supplementary Document	Uploaded 2017-03-14	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
31930	Notice of foreign branch establishment or foreign branch closure (303.182(a) and (d))		Modified
226069	Supervision and Recordkeeping of Foreign Activities (347.116)		New
226068	Notice of foreign divestiture (303.183(d))		New
226066	Application to invest in foreign organizations, or to engage in certain activities through foreign organizations (303.183(b))		New
226064	Prior notice (45 days) of investment in foreign organizations (303.183(b))		New
226062	Notice of foreign investment (303.183(a))		New
226061	Application to establish a foreign branch or to engage in certain activities through a foreign branch (303.182(b))		New
182341	Prior notice (45 days) of foreign branch establishment (303.182(b))		Modified

ICR Details

OMB Control No: 3064-0125	ICR Reference No: 201703-3064-003
Status: Historical Active	Previous ICR Reference No: 201312-3064-001
Agency/Subagency: FDIC	Agency Tracking No: 3064-0125
Title: Foreign Banking and Investment by Insured State Nonmember Banks
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/26/2017
	Date Received in OIRA: 04/25/2017
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2020	36 Months From Approved	06/30/2017
Responses	29	0	51
Time Burden (Hours)	8,178	0	16,298
Cost Burden (Dollars)	0	0	0

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Abstract: Sec. 18(d)(2) and 18(1) of the FDI Act requires nonmember banks to obtain FDIC consent to establish/operate a branch in a foreign country or to make foreign investments, and authorizes the FDIC to impose conditions and issue regulations.

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Authorizing Statute(s): US Code: 12 USC 1828(d)(2) and ( l) Name of Law: Federal Deposit Insurance 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 85562	11/28/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 10008	02/09/2017
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 8

table that charts list of burden

IC Title	Form No.	Form Name
Application to establish a foreign branch or to engage in certain activities through a foreign branch (303.182(b))
Notice of foreign investment (303.183(a))
Application to invest in foreign organizations, or to engage in certain activities through foreign organizations (303.183(b))
Notice of foreign divestiture (303.183(d))
Prior notice (45 days) of investment in foreign organizations (303.183(b))
Supervision and Recordkeeping of Foreign Activities (347.116)
Prior notice (45 days) of foreign branch establishment (303.182(b))
Notice of foreign branch establishment or foreign branch closure (303.182(a) and (d))

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ICR Summary of Burden

table that charts list 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	29	51	0	0	-22	0
Annual Time Burden (Hours)	8,178	16,298	0	0	-8,120	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: $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: 04/25/2017

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