These reports are used by the OCC to
monitor overseas exposure of U.S. banks in individual countries.
The OCC uses the information to analyze trends in overseas lending
by individual U.S. banks and the U.S. banking system as a whole.
The data are preliminary indicators of relative levels of risk
undertaken by individual banks and serve as a crucial tool in the
examination process.
US Code:
12
USC 1464 Name of Law: Homeowners Loan Act
US Code: 12
USC 161 Name of Law: The National Bank Act
US Code: 12
USC 1817 Name of Law: The Federal Deposit Insurance Corporation
Act
The proposed revisions to the
FFIEC 009 report would increase the number of counterparty
categories, add additional information on the type of claim being
reported, provide details on a limited number of risk mitigants to
help provide perspective to currently reported gross exposure
numbers, add more detailed reporting of credit derivatives, add the
United States as a country row to facilitate the analysis of
domestic and foreign exposures and comply with enhancements to
International Banking Statistics proposed by the Bank for
International Settlements, and expand the entities that must report
to include SLHCs.
$0
No
No
No
No
No
Uncollected
Oliver Taft 202
649-5478
No
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.