30-Day Federal Register Notice

FR2 - 0011 FFIEC 30 and 30S Reports 86 FR 62599 November 10 2021.pdf

Foreign Branch Report of Condition

30-Day Federal Register Notice

OMB: 3064-0011

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Federal Register / Vol. 86, No. 215 / Wednesday, November 10, 2021 / Notices

BILLING CODE P

DEPARTMENT OF THE TREASURY
Community Development Financial
Institutions Fund
Community Development Advisory
Board; Notice of Open Meeting
ACTION:

Notice of open meeting.

This notice announces an
open meeting of the Community
Development Advisory Board (the
Advisory Board), which provides advice
to the Director of the Community
Development Financial Institutions
Fund (CDFI Fund). This meeting will be
conducted virtually. A link to the
livestream of the meeting will be posted
at the top of www.cdfifund.gov/cdab the
morning of the meeting.
DATES: The meeting will be held from
3:30 p.m. to 5:00 p.m. Eastern Time on
Tuesday, November 30, 2021.
Submission of Written Statements:
Participation in the discussions at the
meeting will be limited to Advisory
Board members, Department of the
Treasury staff, and certain invited
guests. Anyone who would like to have
the Advisory Board consider a written
statement must submit it by 5:00 p.m.
Eastern Time on Monday, November 22,
2021. Send electronic statements to
[email protected].
In general, the CDFI Fund will make
all statements available in their original
format, including any business or
personal information provided such as
names, addresses, email addresses, or
telephone numbers, for virtual public
inspection and copying. The CDFI Fund
is open on official business days
between the hours of 9:00 a.m. and 5:00
p.m. Eastern Time. You can make
arrangements to virtually inspect
statements by emailing AdvisoryBoard@
cdfi.treas.gov. All statements received,
including attachments and other
supporting materials, are part of the
public record and subject to public
disclosure. You should only submit
information that you wish to make
publicly available.
FOR FURTHER INFORMATION CONTACT:
Contact Bill Luecht, Senior Advisor,
Office of Legislative and External
Affairs, CDFI Fund; (202) 653–0322 (this
is not a toll free number); or
[email protected]. Other
information regarding the CDFI Fund
and its programs may be obtained
through the CDFI Fund’s website at
www.cdfifund.gov.

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SUMMARY:

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Section
104(d) of the Riegle Community
Development and Regulatory
Improvement Act of 1994 (Pub. L. 103–
325), which created the CDFI Fund,
established the Advisory Board. The
charter for the Advisory Board has been
filed in accordance with the Federal
Advisory Committee Act, as amended (5
U.S.C. App.), and with the approval of
the Secretary of the Treasury.
The function of the Advisory Board is
to advise the Director of the CDFI Fund
(who has been delegated the authority to
administer the CDFI Fund) on the
policies regarding the activities of the
CDFI Fund. The Advisory Board does
not advise the CDFI Fund on approving
or declining any particular application
for monetary or non-monetary awards.
In accordance with section 10(a) of
the Federal Advisory Committee Act, 5
U.S.C. App. 2 and the regulations
thereunder, Bill Luecht, Designated
Federal Officer of the Advisory Board,
has ordered publication of this notice
that the Advisory Board will convene an
open meeting, which will be conducted
virtually, from 3:30 p.m. to 5:00 p.m.
Eastern Time on Tuesday, November 30,
2021. Members of the public who wish
to view the meeting can access the link
to the livestream of the meeting at the
top of www.cdfifund.gov/cdab.
The Advisory Board meeting will
include remarks by Treasury officials,
the swearing-in of new members, a
report from the CDFI Fund Director on
the activities of the CDFI Fund since the
last Advisory Board meeting, and a
discussion of future priorities.
Authority: 12 U.S.C. 4703.

SUPPLEMENTARY INFORMATION:

[FR Doc. 2021–24563 Filed 11–9–21; 8:45 am]

Jodie L. Harris,
Director, Community Development Financial
Institutions Fund.
[FR Doc. 2021–24537 Filed 11–9–21; 8:45 am]
BILLING CODE 4810–70–P

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE
CORPORATION
Proposed Agency Information
Collection Activities; Comment
Request
Office of the Comptroller of the
Currency (OCC), Treasury; Board of
Governors of the Federal Reserve
System (Board); and Federal Deposit
Insurance Corporation (FDIC).

AGENCY:

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62599

Joint notice, request for
comment.

ACTION:

In accordance with the
requirements of the Paperwork
Reduction Act of 1995 (PRA), the OCC,
the Board, and the FDIC (the agencies)
may not conduct or sponsor, and the
respondent is not required to respond
to, an information collection unless it
displays a currently valid Office of
Management and Budget (OMB) control
number. On August 13, 2021, the
agencies, under the auspices of the
Federal Financial Institutions
Examination Council (FFIEC), requested
public comment for 60 days on a
proposal to extend for three years,
without revision, the Foreign Branch
Report of Condition (FFIEC 030) and the
Abbreviated Foreign Branch Report of
Condition (FFIEC 030S), which are
currently approved collections of
information. The comment period for
this notice expired on October 12, 2021.
As described in the SUPPLEMENTARY
INFORMATION section, the agencies will
extend the FFIEC 030 and FFIEC 030S
without revision as proposed. In
addition, the agencies will make
clarifying revisions to the instructions
in response to a comment received. The
agencies are giving notice that they are
sending the collections to OMB for
review.
SUMMARY:

Comments must be submitted on
or before December 10, 2021.
ADDRESSES: Interested parties are
invited to submit written comments to
any or all of the agencies. All comments,
which should refer to the ‘‘FFIEC 030 or
FFIEC 030S,’’ will be shared among the
agencies.
OCC: You may submit comments,
which should refer to ‘‘FFIEC 030 or
FFIEC 030S,’’ by any of the following
methods:
• Email: [email protected].
• Mail: Chief Counsel’s Office, Office
of the Comptroller of the Currency,
Attention: 1557–0099, 400 7th Street
SW, Suite 3E–218, Washington, DC
20219.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0099’’ in your comment. In general, the
OCC will publish comments on
www.reginfo.gov without change,
including any business or personal
information provided, such as name and
address information, email addresses, or
phone numbers. Comments received,
including attachments and other
supporting materials, are part of the
public record and subject to public
DATES:

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Federal Register / Vol. 86, No. 215 / Wednesday, November 10, 2021 / Notices

disclosure. Do not include any
information in your comment or
supporting materials that you consider
confidential or inappropriate for public
disclosure.
You may review comments and other
related materials that pertain to this
information collection beginning on the
date of publication of the second notice
for this collection by the following
method:
• Viewing Comments Electronically:
Go to www.reginfo.gov. Click on the
‘‘Information Collection Review’’ link
on the ‘‘Information Collection Review’’
tab. Underneath the ‘‘Currently under
Review’’ section heading, from the dropdown menu select ‘‘Department of
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching by OMB control number
‘‘1557–0099.’’ Upon finding the
appropriate information collection, click
on the related ‘‘ICR Reference Number.’’
On the next screen, select ‘‘View
Supporting Statement and Other
Documents’’ and then click on the link
to any comment listed at the bottom of
the screen.
• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
Board: You may submit comments,
which should refer to ‘‘FFIEC 030 or
FFIEC 030S,’’ by any of the following
methods:
• Agency website: http://www.federal
reserve.gov. Follow the instructions for
submitting comments at: http://
www.federalreserve.gov/generalinfo/
foia/ProposedRegs.cfm.
• Email: regs.comments@
federalreserve.gov. Include ‘‘FFIEC 030
or FFIEC 030S’’ in the subject line of the
message.
• Fax: (202) 395–6974.
• Mail: Ann E. Misback, Secretary,
Board of Governors of the Federal
Reserve System, 20th Street and
Constitution Avenue NW, Washington,
DC 20551.
All public comments are available on
the Board’s website at https://
www.federalreserve.gov/apps/foia/
proposedregs.aspx as submitted, unless
modified for technical reasons.
Accordingly, your comments will not be
edited to remove any identifying or
contact information.
FDIC: You may submit comments,
which should refer to ‘‘FFIEC 030 or
FFIEC 030S,’’ by any of the following
methods:
• Agency website: https://
www.fdic.gov/regulations/laws/federal/.
Follow the instructions for submitting
comments on the FDIC’s website.

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• Federal eRulemaking Portal:
https://www.regulations.gov. Follow the
instructions for submitting comments.
• Email: [email protected].
Include ‘‘FFIEC 030 or FFIEC 030S’’ in
the subject line of the message.
• Mail: Manuel E. Cabeza, Counsel,
Attn: Comments, Room MB–3128,
Federal Deposit Insurance Corporation,
550 17th Street NW, Washington, DC
20429.
• Hand Delivery: Comments may be
hand delivered to the guard station at
the rear of the 550 17th Street Building
(located on F Street) on business days
between 7:00 a.m. and 5:00 p.m.
• Public Inspection: All comments
received will be posted without change
to https://www.fdic.gov/regulations/
laws/federal/ including any personal
information provided. Paper copies of
public comments may be requested from
the FDIC Public Information Center by
telephone at (877) 275–3342 or (703)
562–2200.
Additionally, commenters may send a
copy of their comments to the OMB
desk officer for the agencies by mail to
the Office of Information and Regulatory
Affairs, U.S. Office of Management and
Budget, New Executive Office Building,
Room 10235, 725 17th Street NW,
Washington, DC 20503; by fax to (202)
395–6974; or by email to oira_
[email protected].
FOR FURTHER INFORMATION CONTACT: For
further information about the proposed
revisions to the information collections
discussed in this notice, please contact
any of the agency staff whose names
appear below. In addition, copies of the
report forms for the FFIEC 030 and
FFIEC 030S can be obtained at the
FFIEC’s website (https://www.ffiec.gov/
ffiec_report_forms.htm).
OCC: Kevin Korzeniewski, Counsel,
Chief Counsel’s Office, (202) 649–5490.
Board: Nuha Elmaghrabi, Federal
Reserve Board Clearance Officer, (202)
452–3884, Office of the Chief Data
Officer, Board of Governors of the
Federal Reserve System, 20th and C
Streets NW, Washington, DC 20551.
Telecommunications Device for the Deaf
(TDD) users may call (202) 263–4869.
FDIC: Manuel E. Cabeza, Counsel,
(202) 898–3767, Legal Division, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: The
agencies propose to extend for three
years, without revision, the FFIEC 030
and the FFIEC 030S.
Report Title: Foreign Branch Report of
Condition and Abbreviated Foreign
Branch Report of Condition.
Form Number: FFIEC 030 and FFIEC
030S.

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Frequency of Response: Annually and
quarterly for significant branches.
Affected Public: Business or other forprofit.
OCC
OMB Control Number: 1557–0099.
Estimated Number of Respondents: 56
quarterly respondents (FFIEC 030); 46
annual respondents (FFIEC 030); 15
annual respondents (FFIEC 030S).
Estimated Average Burden per
Response: 3.4 burden hours (FFIEC
030); 0.5 burden hours (FFIEC 030S).
Estimated Total Annual Burden: 926
burden hours.
Board
OMB Control Number: 7100–0071.
Estimated Number of Respondents: 20
quarterly respondents (FFIEC 030); 12
annual respondents (FFIEC 030); 7
annual respondents (FFIEC 030S).
Estimated Average Burden per
Response: 3.4 burden hours (FFIEC
030); 0.5 burden hours (FFIEC 030S).
Estimated Total Annual Burden: 316
burden hours.
FDIC
OMB Control Number: 3064–0011
(FDIC).
Estimated Number of Respondents: 1
quarterly respondent (FFIEC 030); 3
annual respondents (FFIEC 030); 3
annual respondents (FFIEC 030S).
Estimated Average Burden per
Response: 3.4 burden hours (FFIEC
030); 0.5 burden hours (FFIEC 030S).
Estimated Total Annual Burden: 25
burden hours.
I. Legal Basis and Need for Collection
This information collection is
mandatory under the following
authorities: 12 U.S.C. 602 (Board); 12
U.S.C. 161 and 602 (OCC); and 12 U.S.C.
1828 (FDIC). This information collection
is given confidential treatment under 5
U.S.C. 552(b)(4) and (8).
The FFIEC 030 collects asset and
liability information for foreign
branches of insured U.S. banks and
insured U.S. savings associations (U.S.
depository institutions) and is required
for regulatory and supervisory purposes.
The information is used to analyze the
foreign operations of U.S. institutions.
All foreign branches of U.S. institutions
regardless of charter type file this report
as provided in the instructions to the
FFIEC 030 and FFIEC 030S.
A U.S. depository institution
generally must file a separate report for
each foreign branch, but in some cases
may consolidate filings for multiple
foreign branches in the same country, as
described below.
A branch with either total assets of at
least $2 billion or commitments to

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Federal Register / Vol. 86, No. 215 / Wednesday, November 10, 2021 / Notices
purchase foreign currencies and U.S.
dollar exchange of at least $5 billion as
of the end of a calendar quarter is
considered a ‘‘significant branch’’ and
must file the FFIEC 030 report quarterly.
A U.S. depository institution with a
foreign branch having total assets in
excess of $250 million that does not
meet either of the criteria to file
quarterly must file the entire FFIEC 030
report for this foreign branch on an
annual basis as of December 31.
A U.S. depository institution with a
foreign branch having total assets of $50
million or more, but less than or equal
to $250 million that does not meet the
criteria to file the FFIEC 030 report must
file the FFIEC 030S report for the
foreign branch on an annual basis as of
December 31. A U.S. depository
institution with a foreign branch having
total assets of less than $50 million is
exempt from filing the FFIEC 030 and
030S reports.
Foreign branches that meet the
criteria for reporting on a quarterly basis
must not be consolidated with any other
branch. U.S. depository institutions
may, at their option, consolidate the
figures for all other branches located in
the same country.

validity of the methodology and
assumptions used;
c. Ways to enhance the quality,
utility, and clarity of the information to
be collected;
d. Ways to minimize the burden of the
information collection on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and
e. Estimates of capital or start up costs
and costs of operation, maintenance,
and purchase of services to provide
information.
Comments submitted to the Board in
response to this notice will be shared
with the other agencies. All comments
will become a matter of public record.

II. Current Actions
On August 13, 2021, the agencies
requested comment for 60 days on a
proposal to extend for three years,
without revision, the FFIEC 030 and
FFIEC 030S.1 The comment period for
the proposal ended on October 12, 2021,
and the agencies received one comment.
The commenter, an institution, asked
the agencies to clarify how to report
equity securities with readily
determinable fair values not held for
trading in the FFIEC 030. The
commenter stated that reporting these
securities in line 4(b), ‘‘Other securities
(debt and equity)’’ would align the
FFIEC 030 with the Call Report
classification. The agencies agree with
the commenter’s suggestions and will
revise the FFIEC 030 instructions
accordingly. The agencies will extend
the report forms without revision.

[FR Doc. 2021–24519 Filed 11–9–21; 8:45 am]

III. Request for Comment
Public comment is requested on all
aspects of this notice. Comment is
specifically invited on:
a. Whether the information collection
is necessary for the proper performance
of the agencies’ functions, including
whether the information has practical
utility;
b. The accuracy of the agencies’
estimate of the burden of the
information collection, including the
1 86

FR 44768 (Aug. 13, 2021).

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Patrick T. Tierney,
Assistant Director, Bank Advisory, Office of
the Comptroller of the Currency.
Board of Governors of the Federal Reserve
System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on November 3,
2021.
James P. Sheesley,
Assistant Executive Secretary.
BILLING CODE 4810–33–P; 6210–01–P, 6714–01–P

DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:

The Internal Revenue Service,
as part of its continuing effort to reduce
paperwork and respondent burden,
invites the general public and other
Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
Revenue Procedure 2015–41—Section
482—Allocation of Income and
Deductions Among Taxpayers.
DATES: Written comments should be
received on or before January 10, 2022
to be assured of consideration.
ADDRESSES: Direct all written comments
to Andres Garcia, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
SUMMARY:

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copies of the regulation should be
directed to Sara Covington, at (737)
800–6149, Internal Revenue Service,
Room 6526, 1111 Constitution Avenue
NW, Washington, DC 20224, or through
the internet at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Revenue Procedure 2015–41—
Section 482—Allocation of Income and
Deductions Among Taxpayers.
OMB Number: 1545–1503.
Regulation Project Number: Revenue
Procedure 2015–41.
Abstract: This revenue procedure
provides guidance on the process of
requesting and obtaining advance
pricing agreements from the advance
pricing agreement and mutual
agreement program(‘‘APMA’’), to
process applications, negotiate
agreements, and to verify compliance
with agreements and whether
agreements require modification.
Current Actions: There are no changes
being made to the revenue procedure at
this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit; individuals or households.
Estimated Number of Respondents:
390.
Estimated Time per Respondent: 27.9.
Estimated Total Annual Burden
Hours: 10,900.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including

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