FFIEC 001 is an interagency report on
fiduciary asset totals and activities, used to monitor changes in
the volume and character of discretionary trust activity, volume of
nondiscretionary trust activity, and resource needs for supervisory
purposes. The data, used for statistical and analytical purposes,
is collected from state member banks with trust powers and state
trust companies not otherwise supervised by a federal banking
agency. FFIEC 006 is the only available known source of the volume
of trust or fiduciary activities of foreign banking affilates of US
banking organizations; used for supervisory purposes.
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.