60-Day Federal Register Notice

FR1 - 0011 FFIEC 030 & FFIEC 030S 89 FR 3708 Jan 19 2024 .pdf

Foreign Branch Report of Condition

60-Day Federal Register Notice

OMB: 3064-0011

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Federal Register / Vol. 89, No. 13 / Friday, January 19, 2024 / Notices

EIS at https://www.atptx.org/ until
March 4, 2024. The Environmental
Protection Agency will publish a notice
of availability of the DEIS in the Federal
Register and via local media outlets.
ATP expects the DEIS will be available
for a minimum of 45 days for the public
comment period by Fall 2024. The DEIS
will be distributed electronically and
made available for public and agency
review and comment prior to a public
hearing. The Agencies will consider
substantive comments timely submitted
during the public comment period and
then anticipate preparing a combined
FEIS/ROD by Fall 2025. The FEIS/ROD
will identify the NEPA preferred
alternative and any necessary mitigation
commitments. The Agencies expect that
all Federal environmental authorization
decisions for the construction of the
Project will be completed within a
reasonable period following issuance of
the FEIS/ROD.
Notices of public meetings, including
hearings, have been, and will continue
to be, given through a variety of media
providing the time and place of the
meeting along with other relevant
information. Meeting date, time, and
location information can be found on
the Project website, Meetings and
Events page, at https://www.atptx.org/.
Public meeting locations will comply
with the Americans with Disabilities
Act. Persons needing special
accommodations should contact Ms.
Sophie Petkus at sophie.petkus@
atptx.org or (512) 917–2492.
VI. Request for Identification of
Potential Alternatives, Information, and
Analysis
The Agencies invite all State, Tribal,
local governments, and the public to
comment on potential alternatives,
information, impacts, and analyses to be
considered in the EIS, as well as any
other relevant information, studies, or
analyses with respect to the proposed
agency action.
Gail Lyssy,
Regional Administrator, FTA Region VI.
[FR Doc. 2024–00963 Filed 1–18–24; 8:45 am]

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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).
ACTION: Joint notice and request for
comment.
AGENCY:

In accordance with the
requirements of the Paperwork
Reduction Act of 1995 (PRA), the OCC,
the Board, and the FDIC (collectively,
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. The Federal
Financial Institutions Examination
Council (FFIEC), of which the agencies
are members, has approved the
agencies’ publication for public
comment of a proposal to revise and
extend for three years, 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 agencies
are requesting comment on proposed
revisions to the FFIEC 030 report that
would incorporate new line items from
the FR 2502q, Quarterly Report of
Assets and Liabilities of Large Foreign
Offices of U.S. Banks (OMB Control No.
7100–0079). The revisions are proposed
to take effect as of the June 30, 2024,
report date. There are no proposed
revisions to the FFIEC 030S at this time.
DATES: Comments must be submitted on
or before March 19, 2024.
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,
Attention: Comment Processing, Office
of the Comptroller of the Currency,
SUMMARY:

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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.
• Fax: (571) 293–4835.
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
disclosure. Do not include any
information in your comment or
supporting materials that you consider
confidential or inappropriate for public
disclosure.
Following the close of this notice’s
60-day comment period, the OCC will
publish a second notice with a 30-day
comment period. 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 method set forth in the
next bullet.
• Viewing Comments Electronically:
Go to www.reginfo.gov. Hover over the
‘‘Information Collection Review’’ tab
and click on ‘‘Information Collection
Review’’ from the drop-down menu.
From the ‘‘Currently under Review’’
drop-down menu, select ‘‘Department of
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching OMB control number ‘‘1557–
0099’’ or ‘‘FFIEC 030 or FFIEC 030S.’’
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.federalreserve.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.

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Federal Register / Vol. 89, No. 13 / Friday, January 19, 2024 / Notices
• 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/resources/regulations/
federal-register-publications/. Follow
the instructions for submitting
comments on the FDIC’s website.
• 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/resources/
regulations/federal-registerpublications/ 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,
(202) 649–5490, Chief Counsel’s Office,

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Office of the Comptroller of the
Currency. If you are deaf, hard of
hearing, or have a speech disability,
please dial 7–1–1 to access
telecommunications relay services.
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, with revision, the FFIEC 030 and
the FFIEC 030S.
Report Title: Foreign Branch Report of
Condition.
Form Number: FFIEC 030 and FFIEC
030S.
Frequency of Response: Annually,
and quarterly for significant branches.
Affected Public: Business of other for
profit.
OCC
OMB Control Number: 1557–0099.
Estimated Number of Respondents: 58
quarterly respondents (FFIEC 030); 45
annual respondents (FFIEC 030); 9
annual respondents (FFIEC 030S).
Estimated Average Burden per
Response: 3.91 burden hours (FFIEC 030
Quarterly); 2.98 burden hours (FFIEC
030 Annual) 0.95 burden hours (FFIEC
030S).
Estimated Total Annual Burden:
1,049.77 burden hours.
Board
OMB Control Number: 7100–0071.
Estimated Number of Respondents: 21
quarterly respondents (FFIEC 030); 12
annual respondents (FFIEC 030); 10
annual respondents (FFIEC 030S).
Estimated Average Burden per
Response: 3.91 burden hours (FFIEC 030
Quarterly); 2.98 burden hours (FFIEC
030 Annual); 0.95 burden hours (FFIEC
030S).
Estimated Total Annual Burden:
373.70 burden hours.
FDIC
OMB Control Number: 3064–0011
(FDIC).
Estimated Number of Respondents: 0
quarterly respondents (FFIEC 030); 3
annual respondents (FFIEC 030); 3
annual respondents (FFIEC 030S).
Estimated Average Burden per
Response: 3.91 burden hours (FFIEC 030
Quarterly); 2.98 burden hours (FFIEC
030 Annual); 0.95 burden hours (FFIEC
030S).

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Estimated Total Annual Burden:
11.79 burden hours.
I. Legal Basis and Need for Collection
This information collection is
mandatory: 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 filing 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
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
an FFIEC 030 report is required to be
filed 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,
with respect to this foreign branch.
A U.S. depository institution with a
foreign branch having total assets of $50
million, 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 this foreign
branch on an annual basis as of
December 31, with respect to this
foreign branch. 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.
II. Current Actions
The FR 2502q collects data on the
claims and liabilities with U.S.-resident
versus foreign-resident counterparties
on the balance sheets of major foreign
branches and large banking subsidiaries
of U.S. head offices of bank holding
companies, commercial banks and Edge
and agreement corporations.1 For the
1 Prior to 2015, the FR 2502q collected a full
geographic distribution of claims and liabilities

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Federal Register / Vol. 89, No. 13 / Friday, January 19, 2024 / Notices

reporting purposes of the FR 2502q,
large foreign branches are currently
defined as those that file the Foreign
Branch Report of Condition (FFIEC 030;
OMB No. 7100–0071) with total assets,
Schedule BS, item 11, of $2 billion or
more. Large banking subsidiaries are
defined as those that file the Financial
Statements of Foreign Subsidiaries of
U.S. Banking Organizations (FR 2314;
OMB No. 7100–0073) quarterly, have a
banking charter, and have assets of $2
billion or more and deposits of $10
million or more, Schedule BS, item 10,
and Schedule BS–M, item 6,
respectively.
The Division of International Finance
at the Board has an interest in knowing
the amounts of the claims and liabilities
of U.S.-chartered banks with respect to
residents of the U.S. The FR 2502q
provides data about activities in foreign
offices by location and type of offices
that are unavailable from other reporting
forms. For example, because banks’
submissions that underlie the quarterly
Federal Financial Institutions
Examination Council (FFIEC) Country
Exposure Report (FFIEC 009; OMB No.
7100–0035) are consolidated on a
worldwide basis, they do not indicate
which particular offices are involved in
lending to or borrowing from U.S. or
foreign residents.
Following a 2015 revision that
substantially reduced the size of the FR
2502q report, the Board has assessed its
use of the data collected in the FR 2502q
and has determined that the data could
instead be effectively collected through
the FR 2314 and FFIEC 030, and that
doing so would reduce overall
respondent burden.
In addition, standardizing the
collection of foreign branch lending data
through the FFIEC reporting process
will improve useability by the OCC and
FDIC. The current 2502q collection is
managed and run solely by the Board.
The proposed shift of certain items to
the FFIEC 030 will make it easier for the
OCC and FDIC to use the data reported
in those items, as well as providing
those agencies with a more direct role
in proposing changes to the data items
to improve the usefulness of the
collection for all three agencies.
Therefore, the agencies propose to
add a new schedule to the FFIEC 030 to
collect the information currently
collected by the FR 2502q and add
additional line items to collect granular
detail related to loans and lease
receivables. The title of the new
from these respondents. However, data on
individual foreign counterparty countries became
redundant with the expansion of other international
data collections.

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schedule would be: ‘‘Schedule RAL–
A—Due From, Due To, and Other.’’ In
addition, the agencies are adding a
schedule name to the current Assets;
Liabilities; Derivatives and Off-BalanceSheet Items; and Memoranda section of
the report form. The title of this
schedule will be ‘‘RAL—Assets and
Liabilities.’’ Adding a schedule name to
this section will help separate the
current items from the proposed new
items that will only be applicable to
respondents that are required to submit
their FFIEC 030 report on a quarterly
basis. Respondents that submit their
FFIEC 030 report on an annual basis
will not need to complete the proposed
new schedule.
Eight of the proposed line items
would provide a granular breakout of
what is currently collected on line items
8, 9, 16, and 17. The remaining six
proposed line items would be new to
the FFIEC 030 report. The agencies
propose to incorporate the following
line items from the FR 2502q into FFIEC
030, Schedule RAL–A—Due From, Due
To, and Other:
Item 1a: Gross due from head office and U.S.
branches of this bank
Item 1b: Gross due from other foreign
branches of this bank
Item 2a: Gross due from consolidated
subsidiaries of this bank in the U.S.
Item 2b: Gross due from consolidated
subsidiaries of this bank in foreign
countries
Item 3a: Gross due to head office and U.S.
branches of this bank
Item 3b: Gross due to other foreign branches
of this bank
Item 4a: Gross due from consolidated
subsidiaries of this bank in the U.S.
Item 4b: Gross due from consolidated
subsidiaries of this bank in foreign
countries
Item 5: Assets that are claims on U.S.
addressees other than depository
institutions
Item 6: Liabilities to U.S. addressees other
than depository institutions

In addition, the proposed line items
below would provide the agencies with
more granular data about certain
categories of loans and lease receivables,
which is expected to be reported in the
balance of line item 5 above. Collection
of the additional line items would
provide the agencies with the ability to
analyze lending by foreign branches of
U.S. banks to U.S. addresses in different
sectors. For example, it is not
uncommon for foreign branches to make
loans secured by U.S. real estate. As
lending to nondepository institutions
continues to increase, segmenting the
lending between foreign and U.S.
addresses improves the ability of
agencies to assess risks to this type of
lending. The same reasoning applies to

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commercial and industrial loans and all
other loans and leases. The proposed
sub-set of line items are as follows:
Assets that are claims on U.S. addressees
other than depository institutions:
Item 5a: Loans secured by real estate
Item 5b: Loans to nondepository financial
institutions
Item 5c: Commercial and industrial loans
Item 5d: All other loans and all leases

These proposed revisions would
reduce the burden on respondents and
assist the agencies in meeting shared
data needs with shared resources. The
Board will propose similar revisions to
the FR 2314 in a separate notice. If these
revisions are adopted, the Board expects
to discontinue the FR 2502q, effective as
of June 30, 2024.
III. Timing
The proposed revisions to the FFIEC
030 would first take effect as of the June
30, 2024, report date. The agencies
invite comment on any difficulties that
institutions would expect to encounter
in implementing the systems changes
necessary to accommodate the proposed
revisions to the FFIEC 030.
IV. Request for Comment
Public comment is requested on all
aspects of this joint 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
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 in response to
this joint notice will be shared among
the agencies.

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Federal Register / Vol. 89, No. 13 / Friday, January 19, 2024 / Notices
Dated at Washington, DC, on January 10,
2024.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.

Office of Foreign Assets Control

The U.S. Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing a removal
of an aircraft currently included on
OFAC’s Specially Designated Nationals
and Blocked Persons List (SDN List).
DATES: See SUPPLEMENTARY INFORMATION
section for applicable date(s).
FOR FURTHER INFORMATION CONTACT:
OFAC: Bradley T. Smith, Director, tel.:
202–622–2490; Associate Director for
Global Targeting, tel.: 202–622–2420;
Assistant Director for Licensing, tel.:
202–622–2480; Assistant Director for
Regulatory Affairs, tel.: 202–622–4855;
or the Assistant Director for Sanctions
Compliance & Evaluation, tel.: 202–622–
2490.
SUPPLEMENTARY INFORMATION:

Notice of OFAC Sanctions Action

Electronic Availability

Office of Foreign Assets
Control, Treasury.
ACTION: Notice.

The SDN List and additional
information concerning OFAC sanctions
programs are available on OFAC’s
website (https://www.treasury.gov/ofac).

Board of Governors of the Federal Reserve
System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
Federal Deposit Insurance Corporation.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024–00970 Filed 1–18–24; 8:45 am]
BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P

DEPARTMENT OF THE TREASURY

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AGENCY:

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SUMMARY:

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Notice of OFAC Action(s)
A. On January 8, 2024, OFAC
removed from the SDN List the aircraft
listed below, which was subject to
prohibitions imposed pursuant to
Executive Order 14024 of April 15,
2021, ‘‘Blocking Property With Respect
To Specified Harmful Foreign Activities
of the Government of the Russian
Federation,’’ 86 FR 20249, 3 CFR, 2021
Comp., p. 542 (Apr. 15, 2021) (E.O.
14024).
1. 9H–OKO; Aircraft Manufacture
Date 2018; Aircraft Model G650; Aircraft
Manufacturer’s Serial Number (MSN)
6356; Aircraft Tail Number 9H–OKO
(aircraft) [RUSSIA–EO14024] (Linked
To: EMPEROR AVIATION LTD).
Dated: January 12, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control,
U.S. Department of the Treasury.
[FR Doc. 2024–00971 Filed 1–18–24; 8:45 am]
BILLING CODE 4810–AL–P

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