International Applications and Prior Notifications under Subpart B of Regulation K

ICR 202106-7100-002

OMB: 7100-0284

Federal Form Document

Forms and Documents
ICR Details
7100-0284 202106-7100-002
Active 201807-7100-010
FRS FR K-2
International Applications and Prior Notifications under Subpart B of Regulation K
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 06/23/2021
Retrieve Notice of Action (NOA) 06/23/2021
  Inventory as of this Action Requested Previously Approved
07/31/2021 07/31/2021 07/31/2021
26 0 14
468 0 504
0 0 0

Foreign banks are required to obtain the prior approval of the Board to establish a branch, agency, or representative office; to establish or acquire ownership or control of a commercial lending company in the United States; or to change the status of any existing office in the United States. The Board uses the information to determine, in part, whether to approve the application and, subsequently, the information is used to supervise foreign banking organizations with offices in the United States.

US Code: 12 USC 3105 Name of Law: International Banking Act
   US Code: 12 USC 3107 Name of Law: International Banking Act
   US Code: 12 USC 3108 Name of Law: International Banking Act
  
None

Not associated with rulemaking

  83 FR 12760 03/23/2018
83 FR 34579 07/20/2018
No

  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 26 14 0 0 12 0
Annual Time Burden (Hours) 468 504 0 0 -36 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
Decrease in burden hours reflects update to the respondent count. Also, there is an additional IC added to capture the disclosure burden.

$0
No
    Yes
    No
No
No
No
No
Scott Farmer 202-452-2253 [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.
06/23/2021


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