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

Forms and Documents

Document Name	Status
Form FR K-1 International Applications and Prior Notifications under Subparts A and C of Regulation K Form and Instruction	Modified
Form FR K-1 International Applications and Prior Notifications under Subparts A and C of Regulation K Form and Instruction	Unchanged
Form FR K-1 International Applications and Prior Notifications under Subparts A and C of Regulation K Form and Instruction	Modified
Form FR K-1 International Applications and Prior Notifications under Subparts A and C of Regulation K Form and Instruction	Unchanged
Form FR K-1 International Applications and Prior Notifications under Subparts A and C of Regulation K Form and Instruction	Modified
FRK1_201409_83c.pdf Justification for No Material/Nonsubstantive Change	2014-09-23

IC Document Collections

IC ID	Document Title	Status
36108	International Applications and Prior Notifications under Subparts A and C of Regulation K Form and Instruction	Modified
183385	International Applications and Prior Notifications under Subparts A and C of Regulation K Form and Instruction	Unchanged
183384	International Applications and Prior Notifications under Subparts A and C of Regulation K Form and Instruction	Modified
183383	International Applications and Prior Notifications under Subparts A and C of Regulation K Form and Instruction	Unchanged
183382	International Applications and Prior Notifications under Subparts A and C of Regulation K Form and Instruction	Modified

ICR Details

OMB Control No: 7100-0107	ICR Reference No: 201409-7100-014
Status: Historical Active	Previous ICR Reference No: 201012-7100-014
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: 09/28/2014
	Date Received in OIRA: 09/28/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2015	03/31/2015	03/31/2015
Responses	79	0	66
Time Burden (Hours)	1,013	0	889
Cost Burden (Dollars)	0	0	0

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Abstract: The FR K-1 comprises a set of applications and notifications that govern the formation of Edge or agreement corporations and the international and foreign activities of U.S. banking organizations. This set of applications and notifications is in the form of eleven attachments (labeled attachment A through K) and collect information on projected financial data, purpose, location, activities, and management. Member banks, bank holding companies, Edge and agreement corporations, and certain foreign banking organizations file the FR K-1.

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Authorizing Statute(s): US Code: 12 USC 1843(c)(13) and 1843(c)(14) Name of Law: Bank Holding Company Act
   US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act
   US Code: 12 USC 601-604(a) and 611-631 Name of Law: Federal Reserve 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:
	75 FR 81607	12/28/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 13188	03/10/2011
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 5

IC Title	Form No.	Form Name
International Applications and Prior Notifications under Subparts A and C of Regulation K	FR K-1	International Applications and Prior Notifications under Subparts A and C of Regulation K
International Applications and Prior Notifications under Subparts A and C of Regulation K	FR K-1	International Applications and Prior Notifications under Subparts A and C of Regulation K
International Applications and Prior Notifications under Subparts A and C of Regulation K	FR K-1	International Applications and Prior Notifications under Subparts A and C of Regulation K
International Applications and Prior Notifications under Subparts A and C of Regulation K	FR K-1	International Applications and Prior Notifications under Subparts A and C of Regulation K
International Applications and Prior Notifications under Subparts A and C of Regulation K	FR K-1	International Applications and Prior Notifications under Subparts A and C of Regulation K

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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	79	66	0	0	13	0
Annual Time Burden (Hours)	1,013	889	0	0	124	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: Increase in burden hours reflects update to the respondent count.

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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]? 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? 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: 09/28/2014

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