Foreign Branch Report of Condiiton

Forms and Documents

Document Name	Status
Form FFIEC 030, FFIEC 0 Foreign Branch Report of Condiiton Form and Instruction	Modified
FR2 FFIEC030_FFIEC030S_20091001_ffr.pdf Supplementary Document	2009-11-11
FR1FFIEC030_FFIEC030S_20090625_ifr.pdf Supplementary Document	2009-11-11
3064-0011_SUPPORTING_STATEMENT_Storch_120109_FINAL.doc Supporting Statement A	2009-12-01

IC Document Collections

IC ID	Document Title	Status
31739	Foreign Branch Report of Condiiton Form and Instruction	Modified

ICR Details

OMB Control No: 3064-0011	ICR Reference No: 200909-3064-002
Status: Historical Active	Previous ICR Reference No: 200610-3064-001
Agency/Subagency: FDIC	Agency Tracking No:
Title: Foreign Branch Report of Condiiton
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/01/2009
	Date Received in OIRA: 10/02/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2012	36 Months From Approved	11/30/2009
Responses	19	0	15
Time Burden (Hours)	70	0	51
Cost Burden (Dollars)	0	0	0

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Abstract: Section 18(d)(2) of the Federal Deposit Insurance Act requires the FDIC's prior approval for the establishment and operation of foreign branches by insured state nonmember banks upon such conditions and pursuant to such regulations as the Corporation may prescribe. This collection, therefore, requires reports on assets and liabilities for foreign branches of insured U.S. commercial banks and state-chartered savings banks and as necessary for regulatory and supervisory purposes.

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Authorizing Statute(s): US Code: 12 USC 1812 Name of Law: FDI Act
  

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:
	74 FR 30358	06/25/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 50871	10/01/2009
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Foreign Branch Report of Condiiton	FFIEC 030, FFIEC 030S	Foreign Branch Report of Condition

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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	19	15	0	0	4	0
Annual Time Burden (Hours)	70	51	0	0	19	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 change in burden of +19.0 hours consists of an adjustment of +13.6 hours resulting from an increase from 2 to 3 in the number of foreign branches subject to quarterly reporting on the form FFIEC 030, an adjustment of +3.4 hours resulting from an increase from 6 to 7 in the number of foreign branches subject to annual reporting on the form FFIEC 030, and an adjustment of +1.0 hours resulting from an increase from 7 to 9 in the number of foreign branches subject to annual reporting on the form FFIEC 030S. The exact amount of the annual burden has increased 18 hours from 51.1 hours to 69.1 hours, which, when rounded up to 70 hours, results in a change in burden of 19 hours. (Previously the burden of 51.1 hours apparently was not rounded up to 52 hours.)

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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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: 10/02/2009

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