International Applications and Prior Notifications under Subparts A and C of Regulation K

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form FR K-1 International Applications and Prior Notifications under Subparts A and C of Regulation K	Form and Instruction	Modified	Available
Form FR K-1 International Applications and Prior Notifications under Subparts A and C of Regulation K	Form and Instruction	Unchanged	Available
Form FR K-1 International Applications and Prior Notifications under Subparts A and C of Regulation K	Form and Instruction	Unchanged	Available
Form FR K-1 International Applications and Prior Notifications under Subparts A and C of Regulation K	Form and Instruction	Modified	Available
Form FR K-1 International Applications and Prior Notifications under Subparts A and C of Regulation K	Form and Instruction	Modified	Available
FRK1_202102_83c.pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2021-02-12	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
36108	Attachments A and B	Form and Instruction	Modified	International Applications and Prior Notifications under Subparts A and C of Regulation K
183385	Attachment K	Form and Instruction	Unchanged	International Applications and Prior Notifications under Subparts A and C of Regulation K
183384	Attachment J	Form and Instruction	Unchanged	International Applications and Prior Notifications under Subparts A and C of Regulation K
183383	Attachments H and I	Form and Instruction	Modified	International Applications and Prior Notifications under Subparts A and C of Regulation K
183382	Attachments C, D, E, F, and G	Form and Instruction	Modified	International Applications and Prior Notifications under Subparts A and C of Regulation K

ICR Details

OMB Control No: 7100-0107	ICR Reference No: 202102-7100-002
Status: Historical Active	Previous ICR Reference No: 201807-7100-009
Agency/Subagency: FRS	Agency Tracking No: FR K-1
Title: International Applications and Prior Notifications under Subparts A and C of Regulation K
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: 06/22/2021
Retrieve Notice of Action (NOA)	Date Received in OIRA: 06/22/2021
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2021	07/31/2021	07/31/2021
Responses	71	0	79
Time Burden (Hours)	903	0	1,013
Cost Burden (Dollars)	0	0	0

---

Abstract: Subpart A of Regulation K - International Banking Operations governs the foreign investments and activities of member banks, Edge and agreement corporations, bank holding companies (BHCs), and certain investments by foreign organizations. Subpart C of Regulation K governs investments in export trading companies. The FR K-1 information collection contains eleven attachments for the application and notification requirements embodied in Subparts A and C of Regulation K. The Board requires these applications for regulatory and supervisory purposes and to allow the Board to fulfill its statutory obligations under the Federal Reserve Act (FRA) and the Bank Holding Company Act of 1956 (BHC Act). The applications are event-generated and provide the Federal Reserve with information necessary to evaluate each of the proposed transactions.

---

Authorizing Statute(s): US Code: 12 USC 601-604(a) Name of Law: Federal Reserve Act
   US Code: 12 USC 611-631 Name of Law: Federal Reserve Act
   US Code: 12 USC 1843(c)(13) Name of Law: Bank Holding Company Act
   US Code: 12 USC 1843(c)(14) Name of Law: Bank Holding Company Act
   US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act
  

Citations for New Statutory Requirements: None

---

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

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 12761	03/23/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 34578	07/20/2018
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 5

table that charts list of burden

IC Title	Form No.	Form Name
Attachment J	FR K-1	International Applications and Prior Notifications under Subparts A and C of Regulation K
Attachment K	FR K-1	International Applications and Prior Notifications under Subparts A and C of Regulation K
Attachments A and B	FR K-1	International Applications and Prior Notifications under Subparts A and C of Regulation K
Attachments C, D, E, F, and G	FR K-1	International Applications and Prior Notifications under Subparts A and C of Regulation K
Attachments H and I	FR K-1	International Applications and Prior Notifications under Subparts A and C of Regulation K

---

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	71	79	0	0	-8	0
Annual Time Burden (Hours)	903	1,013	0	0	-110	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 count.

---

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? No

---

Common Form ICR:  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:

(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: 06/22/2021

---