U.S. commercial banks, savings
associations, Edge or agreement corporations, bank holding
companies (BHCs), savings and loan holding companies (SLHCs), and
intermediate holding companies (IHCs) (collectively, U.S. financial
institutions) that meet certain criteria set forth in the FFIEC 009
instructions must file the quarterly FFIEC 009 with the Board,
Federal Deposit Insurance Corporation (FDIC), and Office of the
Comptroller of the Currency (OCC) (collectively, the agencies) to
report information on international claims. The agencies use this
information to monitor the degree of country risk and transfer risk
in U.S. financial institutions’ portfolios and the potential impact
of adverse international developments on the financial
institutions. The FFIEC 009a is a supplement to the FFIEC 009 that
must be filed by FFIEC 009 filers that have exposure exceeding
certain thresholds set forth in the FFIEC 009a instructions. The
FFIEC 009a collects quarterly information on material foreign
country exposures of U.S. financial institutions. The agencies
collect the FFIEC 009 and FFIEC 009a under the auspices of the
FFIEC. The Board is responsible for collecting and compiling the
data reported on the FFIEC 009 and FFIEC 009a on behalf of all
three agencies. Each of the agencies submits a separate supporting
statement to OMB for this collection of information for relevant
financial institutions under their supervision. For the Board,
these institutions are state member banks, Edge or agreement
corporations, BHCs, SLHCs, and IHCs.
US Code:
12
USC 324 Name of Law: Federal Reserve Act
US Code: 12
USC 248(a) Name of Law: Federal Reserve Act
US Code: 12
USC 602 Name of Law: Federal Reserve Act
US Code: 12
USC 625 Name of Law: Federal Reserve Act
US Code: 12
USC 1844(c) Name of Law: Bank Holding Company Act of 1956
US Code:
12 USC 1467a(b)(3) Name of Law: Home Owners’ Loan Act
US Code: 12
USC 3106 Name of Law: International Banking Act of 1978
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.