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
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 7100-0073 can be found here:
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
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
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.