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

Forms and Documents

Document Name	Status
Form FR K-1 Reporting Attachments A and B Form and Instruction	Modified
Form FR K-1 Reporting Attachment K Form and Instruction	Modified
Form FR K-1 Reporting Attachment J Form and Instruction	Modified
Form FR K-1 Reporting Attachments H and I Form and Instruction	Modified
Form FR K-1 Reporting Attachments C, D, E, F, and G Form and Instruction	Modified
FRK1_20240726_83c.pdf Justification for No Material/Nonsubstantive Change	2024-07-26

IC Document Collections

IC ID	Document Title	Status
36108	Reporting Attachments A and B Form and Instruction	Modified
248636	Disclosure Section 211.5(f)	Modified
248635	Recordkeeping Section 211.13	Modified
248634	Reporting Section 211.11	Modified
248633	Reporting Sections 211.10(a)(14)(i)(A), 211.10(a)(14)(ii), 211.10(a)(15)(ii), and 211.10(a)(15)(iv)(B)	Modified
248632	Reporting Section 211.8(g)(3)(iii)	Modified
248631	Reporting Section 211.5(c)(4)	Modified
183385	Reporting Attachment K Form and Instruction	Modified
183384	Reporting Attachment J Form and Instruction	Modified
183383	Reporting Attachments H and I Form and Instruction	Modified
183382	Reporting Attachments C, D, E, F, and G Form and Instruction	Modified

ICR Details

OMB Control No: 7100-0107	ICR Reference No: 202407-7100-010
Status: Active	Previous ICR Reference No: 202107-7100-007
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: 07/26/2024
	Date Received in OIRA: 07/26/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2024	07/31/2024	07/31/2024
Responses	171	0	171
Time Burden (Hours)	1,009	0	987
Cost Burden (Dollars)	0	0	0

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Abstract: Subpart A of Regulation K, International Operations of U.S. Banking Organizations (12 CFR Part 211, Subpart A), 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, Export Trading Companies (12 CFR Part 211, Subpart C), governs investments in export trading companies by eligible investors. The FR K-1 information collection comprises a reporting form, as well as certain reporting and recordkeeping requirements contained in these subparts of Regulation K that are not directly reflected in the FR K-1 form, and a disclosure requirement (via newspaper notice) for certain transactions. The FR K-1 form contains eleven attachments associated with the application and notification requirements in Subparts A and C of Regulation K. The Board requires the information collected by the FR K-1 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).

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Authorizing Statute(s): US Code: 12 USC 601-604a 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 of 1956
   US Code: 12 USC 1843(c)(14) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act of 1956
  

Citations for New Statutory Requirements: None

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

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 23968	05/05/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 40840	07/29/2021
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 11

IC Title	Form No.	Form Name
Disclosure Section 211.5(f)
Recordkeeping Section 211.13
Reporting Attachment J	FR K-1	International Applications and Prior Notifications under Subparts A and C of Regulation K
Reporting Attachment K	FR K-1	International Applications and Prior Notifications under Subparts A and C of Regulation K
Reporting Attachments A and B	FR K-1	International Applications and Prior Notifications under Subparts A and C of Regulation K
Reporting Attachments C, D, E, F, and G	FR K-1	International Applications and Prior Notifications under Subparts A and C of Regulation K
Reporting Attachments H and I	FR K-1	International Applications and Prior Notifications under Subparts A and C of Regulation K
Reporting Section 211.11
Reporting Section 211.5(c)(4)
Reporting Section 211.8(g)(3)(iii)
Reporting Sections 211.10(a)(14)(i)(A), 211.10(a)(14)(ii), 211.10(a)(15)(ii), and 211.10(a)(15)(iv)(B)

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ICR Summary 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	171	171	0	0	0	0
Annual Time Burden (Hours)	1,009	987	0	0	22	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 increase in total annual burden hours reflects standardizing the estimated average hours per response burden.

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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

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Common Form ICR:  No

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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: 07/26/2024

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