Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations; Abbreviated Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations

ICR 201811-7100-001

OMB: 7100-0073

Federal Form Document

ICR Details
7100-0073 201811-7100-001
Historical Active 201808-7100-006
FRS FR 2314; FR 2314S
Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations; Abbreviated Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 03/28/2019
Retrieve Notice of Action (NOA) 03/28/2019
  Inventory as of this Action Requested Previously Approved
08/31/2021 08/31/2021 08/31/2021
2,295 0 2,418
13,467 0 14,296
0 0 0

The FR 2314 reporting forms collect financial information for non-functionally regulated direct or indirect foreign subsidiaries of U.S. state member banks (SMBs), Edge and agreement corporations, and holding companies (i.e., bank holding companies, savings and loan holding companies, securities holding companies, and intermediate holding companies). Parent organizations (SMBs, Edge and agreement corporations, or holding companies) file the FR 2314 on a quarterly or annual basis, or the FR 2314S on an annual basis, predominantly based on whether the organization meets certain asset size thresholds. The FR 2314 data are used to identify current and potential problems at the foreign subsidiaries of U.S. parent companies, to monitor the activities of U.S. banking organizations in specific countries, and to develop a better understanding of activities within the industry, in general, and of individual institutions, in particular.

US Code: 12 USC 1467a(b) Name of Law: Home Owners' Loan Act
   US Code: 12 USC 1850a Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 324, 602, and 625 Name of Law: Federal Reserve Act
   US Code: 12 USC 3106 Name of Law: International Banking Act
   US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act
  
None

Not associated with rulemaking

  83 FR 19062 05/01/2018
83 FR 39091 08/08/2018
No

  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 2,295 2,418 0 0 -123 0
Annual Time Burden (Hours) 13,467 14,296 0 0 -829 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The change in burden is the result of an update to the respondent count.

$83,200
No
    Yes
    No
No
Yes
No
Uncollected
Scott Farmer 202-452-2253 Scott.W.Farmer@frb.gov

  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.
03/28/2019


© 2024 OMB.report | Privacy Policy