30-Day Federal Register Notice

FR2-0017 Country Exposure Information Report 84 FR 47340 SEPT 9 2019.pdf

Country Exposure Report

30-Day Federal Register Notice

OMB: 3064-0017

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Federal Register / Vol. 84, No. 174 / Monday, September 9, 2019 / Notices

A copy of any petition filed with the
Board should be sent to CSXT’s
representative: Louis E. Gitomer, Law
Offices of Louis E. Gitomer, LLC, 600
Baltimore Avenue, Suite 301, Towson,
MD 21204.
If the verified notice contains false or
misleading information, the exemption
is void ab initio.
CSXT has filed a combined
environmental and historic report that
addresses the effects, if any, of the
abandonment on the environment and
historic resources. OEA will issue an
environmental assessment (EA) by
September 13, 2019. Interested persons
may obtain a copy of the EA on the
Board’s website, by writing to OEA, or
by calling OEA at (202) 245–0305.
Assistance for the hearing impaired is
available through the Federal Relay
Service at (800) 877–8339. Comments
on environmental and historic
preservation matters must be filed
within 15 days after the EA becomes
available to the public.
Environmental, historic preservation,
public use, or trail use/rail banking
conditions will be imposed, where
appropriate, in a subsequent decision.
Pursuant to the provisions of 49 CFR
1152.29(e)(2), CSXT shall file a notice of
consummation with the Board to signify
that it has exercised the authority
granted and fully abandoned the Line. If
consummation has not been effected by
CSXT’s filing of a notice of
consummation by September 9, 2020,
and there are no legal or regulatory
barriers to consummation, the authority
to abandon will automatically expire.
Board decisions and notices are
available at www.stb.gov.
Decided: September 4, 2019.
By the Board, Allison C. Davis, Director,
Office of Proceedings.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2019–19387 Filed 9–6–19; 8:45 am]
BILLING CODE 4915–01–P

DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration

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[FAA–2019–0446]

Agency Information Collection
Activities: Requests for Comments;
Clearance of Renewed Approval of
Information Collection: Mitsubishi MU–
2B Series Airplane Special Training,
Experience, and Operating Procedures
Federal Aviation
Administration (FAA), DOT
ACTION: Notice and request for
comments.
AGENCY:

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In accordance with the
Paperwork Reduction Act of 1995, FAA
invites public comments about our
intention to request the Office of
Management and Budget (OMB)
approval to renew an information
collection. The Federal Register Notice
with a 60-day comment period soliciting
comments on the following collection of
information was published on June 27,
2019. The collection of information is
necessary to document participation in,
completion of, and compliance with the
pilot training program for the MU–2B
series airplane.
DATES: Written comments should be
submitted by October 9, 2019.
ADDRESSES: Interested persons are
invited to submit written comments on
the proposed information collection to
the Office of Information and Regulatory
Affairs, Office of Management and
Budget. Comments should be addressed
to the attention of the Desk Officer,
Department of Transportation/FAA, and
sent via electronic mail to oira_
submission@omb.eop.gov, or faxed to
(202) 395–6974, or mailed to the Office
of Information and Regulatory Affairs,
Office of Management and Budget,
Docket Library, Room 10102, 725 17th
Street NW, Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT:
Joseph K. Hemler by email at:
joseph.k.hemler-jr@faa.gov; phone: 202–
267–0159.
SUPPLEMENTARY INFORMATION:
Public Comments Invited: You are
asked to comment on any aspect of this
information collection, including (a)
Whether the proposed collection of
information is necessary for FAA’s
performance; (b) the accuracy of the
estimated burden; (c) ways for FAA to
enhance the quality, utility and clarity
of the information collection; and (d)
ways that the burden could be
minimized without reducing the quality
of the collected information. The agency
will summarize and/or include your
comments in the request for OMB’s
clearance of this information collection.
OMB Control Number: 2120–0725.
Title: Mitsubishi MU–2B Series
Airplane Special Training, Experience,
and Operating Procedures.
Form Numbers: There are no FAA
forms associated with this collection.
Type of Review: Renewal.
Background: The Federal Register
Notice with a 60-day comment period
soliciting comments on the following
collection of information was published
on June 27, 2019 (84 FR 30787). No
comments were received. In response to
the increasing number of accidents and
incidents involving the Mitsubishi MU–
2B series airplane, the Federal Aviation
SUMMARY:

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Administration (FAA) began a safety
evaluation of the MU–2B in July of
2005. As a result of this safety
evaluation, on February 6, 2008 the
FAA issued Special Federal Aviation
Regulation No. 108—Mitsubishi MU–2B
Series Special Training, Experience, and
Operating Requirements. This Special
Federal Aviation Regulation (SFAR)
established a standardized pilot training
program. The collection of information
is necessary to document participation
in, completion of, and compliance with
the pilot training program for the MU–
2B under subpart N of 14 CFR part 91,
issued on September 7, 2016, which
superseded SFAR No. 108.
Respondents: Approximately 20 part
91 training providers, and
approximately 400 active MU–2 pilots.
Frequency: Every year (pilots); every
two years (training providers).
Estimated Average Burden per
Response: Pilots: Logbook endorsement
and training course final phase check =
10 minutes. Training providers:
Submission of training program = 4
hours.
Estimated Total Annual Burden:
Pilots: 67 hours. Training providers: 40
hours. Total: 107 hours.
Issued in Washington, DC on September 4,
2019.
Dwayne C. Morris,
Project Manager, Flight Standards Service,
General Aviation and Commercial Division.
[FR Doc. 2019–19371 Filed 9–6–19; 8:45 am]
BILLING CODE 4910–13–P

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request
Office of the Comptroller of the
Currency (OCC), Treasury; Board of
Governors of the Federal Reserve
System (Board); and Federal Deposit
Insurance Corporation (FDIC).
ACTION: Joint notice and request for
comment.
AGENCY:

In accordance with the
requirements of the Paperwork
Reduction Act of 1995 (PRA), the OCC,
the Board, and the FDIC (the agencies)
may not conduct or sponsor, and the
respondent is not required to respond
to, an information collection unless it

SUMMARY:

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Federal Register / Vol. 84, No. 174 / Monday, September 9, 2019 / Notices
displays a currently valid Office of
Management and Budget (OMB) control
number. On April 29, 2019, the
agencies, under the auspices of the
Federal Financial Institutions
Examination Council (FFIEC), requested
public comment for 60 days on a
proposal to extend for three years,
without revision, the Country Exposure
Report (FFIEC 009) and the Country
Exposure Information Report (FFIEC
009a), which are currently approved
collections of information. The
comment period for this notice expired
on June 28, 2019. As described in the
SUPPLEMENTARY INFORMATION section,
after considering the comments received
on the proposal, the FFIEC and agencies
will proceed with the extension of the
FFIEC 009 and FFIEC 009a with
modifications in response to comments.
In addition, the agencies are giving
notice that they are sending the
collections to OMB for review.
DATES: Comments must be submitted by
October 9, 2019.
ADDRESSES: Interested parties are
invited to submit written comments to
any or all of the agencies. All comments,
which should refer to the OMB control
number(s), will be shared among the
agencies.
OCC: You may submit comments,
which should refer to ‘‘FFIEC 009 and
FFIEC 009a,’’ by any of the following
methods:
• Email: prainfo@occ.treas.gov.
• Mail: Chief Counsel’s Office, Office
of the Comptroller of the Currency,
Attention: 1557–0100, 400 7th Street
SW, Suite 3E–218, Washington, DC
20219.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0100’’ in your comment. In general, the
OCC will publish comments on
www.reginfo.gov without change,
including any business or personal
information provided, such as name and
address information, email addresses, or
phone numbers. Comments received,
including attachments and other
supporting materials, are part of the
public record and subject to public
disclosure. Do not include any
information in your comment or
supporting materials that you consider
confidential or inappropriate for public
disclosure.
You may review comments and other
related materials that pertain to this
information collection beginning on the
date of publication of the second notice
for this collection by any of the
following methods:

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• Viewing Comments Electronically:
Go to www.reginfo.gov. Click on the
‘‘Information Collection Review’’ tab.
Underneath the ‘‘Currently under
Review’’ section heading, from the dropdown menu select ‘‘Department of
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching by OMB control number
‘‘1557–0100’’ or ‘‘FFIEC 009 and FFIEC
009a.’’ Upon finding the appropriate
information collection, click on the
related ‘‘ICR Reference Number.’’ On the
next screen, select ‘‘View Supporting
Statement and Other Documents’’ and
then click on the link to any comment
listed at the bottom of the screen.
• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
• Viewing Comments Personally: You
may personally inspect comments at the
OCC, 400 7th Street SW, Washington,
DC. For security reasons, the OCC
requires that visitors make an
appointment to inspect comments. You
may do so by calling (202) 649–6700 or,
for persons who are deaf or hearing
impaired, TTY, (202) 649–5597. Upon
arrival, visitors will be required to
present valid government-issued photo
identification and submit to security
screening in order to inspect comments.
Board: You may submit comments,
which should refer to ‘‘FFIEC 009 and
FFIEC 009a,’’ by any of the following
methods:
• Agency Website: http://
www.federalreserve.gov. Follow the
instructions for submitting comments at:
http://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
• Email: regs.comments@
federalreserve.gov. Include ‘‘FFIEC 009
and FFIEC 009a’’ in the subject line of
the message.
• Fax: (202) 452–3819 or (202) 452–
3102.
• Mail: Ann E. Misback, Secretary,
Board of Governors of the Federal
Reserve System, 20th Street and
Constitution Avenue NW, Washington,
DC 20551.
All public comments are available on
the Board’s website at https://
www.federalreserve.gov/apps/foia/
proposedregs.aspx as submitted, unless
modified for technical reasons or to
remove personally identifiable
information at the commenter’s request.
Accordingly, comments will not be
edited to remove any identifying or
contact information. Public comments
may also be viewed electronically or in
paper in Room 146, 1709 New York
Avenue NW, Washington, DC 20006,
between 9:00 a.m. and 5:00 p.m. on
weekdays. For security reasons, the

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Board requires that visitors make an
appointment to inspect comments. You
may do so by calling (202) 452–3684.
Upon arrival, visitors will be required to
present valid government-issued photo
identification and to submit to security
screening in order to inspect and
photocopy comments.
FDIC: You may submit comments,
which should refer to ‘‘FFIEC 009 and
FFIEC 009a,’’ by any of the following
methods:
• Agency website: https://
www.fdic.gov/regulations/laws/federal/.
Follow the instructions for submitting
comments on the FDIC’s website.
• Federal eRulemaking Portal:
https://www.regulations.gov. Follow the
instructions for submitting comments.
• Email: comments@FDIC.gov.
Include ‘‘FFIEC 009 and FFIEC 009a’’ in
the subject line of the message.
• Mail: Manuel E. Cabeza, Counsel,
Attn: Comments, Room MB–3128,
Federal Deposit Insurance Corporation,
550 17th Street NW, Washington, DC
20429.
• Hand Delivery: Comments may be
hand delivered to the guard station at
the rear of the 550 17th Street Building
(located on F Street) on business days
between 7:00 a.m. and 5:00 p.m.
Public Inspection: All comments
received will be posted without change
to https://www.fdic.gov/regulations/
laws/federal/, including any personal
information provided. Paper copies of
public comments may be requested from
the FDIC Public Information Center,
3501 North Fairfax Drive, Arlington, VA
22226, or by telephone at (877) 275–
3342 or (703) 562–2200.
Additionally, commenters may send a
copy of their comments to the OMB
desk officers for the agencies by mail to
the Office of Information and Regulatory
Affairs, U.S. Office of Management and
Budget, New Executive Office Building,
Room 10235, 725 17th Street NW,
Washington, DC 20503; by fax to (202)
395–6974; or by email to oira_
submission@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT: For
further information about the
information collections discussed in
this notice, please contact any of the
agency staff whose names appear below.
In addition, copies of the FFIEC 009 and
FFIEC 009a reporting forms can be
obtained at the FFIEC’s website (https://
www.ffiec.gov/ffiec_report_forms.htm).
OCC: Kevin Korzeniewski, Counsel,
Chief Counsel’s Office, (202) 649–5490,
or for persons who are deaf or hearing
impaired, TTY, (202) 649–5597.
Board: Nuha Elmaghrabi, Federal
Reserve Board Clearance Officer, (202)
452–3884, Office of the Chief Data

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Federal Register / Vol. 84, No. 174 / Monday, September 9, 2019 / Notices

Officer, Board of Governors of the
Federal Reserve System, 20th and C
Streets NW, Washington, DC 20551.
FDIC: Manuel E. Cabeza, Counsel,
(202) 898–3767, Legal Division, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: On April
29, 2019, the agencies requested public
comment on a proposal to extend for
three years, without revision, the FFIEC
009 and FFIEC 009a. The agencies
received one comment letter.
The commenter, a banking trade
association, raised issues related to
consistency in certain defined terms and
reporting treatments between the FFIEC
009 and FFIEC 009a, and other
information collections undertaken by
the FFIEC, its member entities, and
Treasury.
First, the commenter stated that,
while the FFIEC 009 and FFIEC 009a
instructions define domicile of
counterparties on the basis of ‘‘country
of incorporation or charter,’’ the
definition is not uniform across all
FFIEC and Board reports. This
definition, while consistent with that
used in some non-FFIEC reports (i.e.,
Treasury International Capital or ‘‘TIC’’
reports and the Board’s FR Y–15), is
inconsistent with the terms ‘‘principal
business address’’ and ‘‘country in
which the obligor is headquartered’’
used in the Call Report 1 as well as the
Board’s FR Y–9C and FR Y–14Q. The
agencies believe the definition of
domicile using ‘‘country of
incorporation or charter’’ provides a
clearer basis for determination of
domicile and a more consistent basis
over time for the purposes of the FFIEC
009 and FFIEC 009a, which is designed
to provide a more detailed and accurate
view of cross-border country exposures
than the other reports. Accordingly, the
agencies propose to retain the ‘‘country
of incorporation or charter’’ definition
for reporting the domicile of
counterparties in the FFIEC 009 and
FFIEC 009a instructions.
Second, the commenter stated the
FFIEC 009 and FFIEC 009a instructions,
in defining financial institutions for
sector reporting, include some different
categories of institutions in the nonbank financial institutions sector when
compared to three Board reports (FR Y–
15, FR 2510, and FR Y–9C). The FFIEC
009 instructions specifically include
private equity companies, finance
companies, and mortgage companies
along with other types of institutions in
the definition of non-bank financial
1 The

Consolidated Reports of Condition and
Income, also referred to as the FFIEC 031, FFIEC
041, and FFIEC 051 reports.

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institutions, while the instructions for
the Board’s FR Y–15 specifically
exclude finance companies and do not
mention private equity companies or
mortgage companies in the definition of
‘‘financial institutions’’ used in
specifying interconnectedness
indicators (Schedule B). The agencies
note that the definition of non-bank
financial institutions in the Board’s FR
2510 corresponds to the definition used
in the FFIEC 009, and the definition of
‘‘non-depository financial institutions’’
used in the Board’s FR Y–9C (Schedule
HC–C) includes finance companies,
mortgage companies, and mortgage
finance companies among other types of
institutions. The agencies believe that
private equity companies, finance
companies, and mortgage companies are
meaningful components of the non-bank
financial sector for purposes of the
FFIEC 009 and that collected data on
exposures to these types of companies
would be less useful if included
together with the corporate sector. The
agencies also note that it is important
for data collected in the FFIEC 009 to be
comparable to data gathered for the
same purpose by other jurisdictions, so
that these data can be combined by the
Bank for International Settlements (BIS)
into meaningful global aggregate
statistical data that are issued as the BIS
Consolidated Banking Statistics (CBS);
these aggregate data are relied upon by
FFIEC member entities (including the
agencies) and many others to monitor
and analyze global banking and
financial conditions. The definition in
the FFIEC 009 instructions of these
types of companies as non-bank
financial companies conforms with the
definition under the CBS. Therefore, the
agencies propose to retain the definition
of non-bank financial sector that
includes these types of companies.
Third, the commenter stated that, as
a result of a recent change in U.S.
generally accepted accounting
principles (GAAP), the FFIEC 009 and
FFIEC 009a would collect operating
lease liabilities without capturing
corresponding operating lease assets.
The commenter considered this
treatment to be inappropriately
asymmetric and recommended that
operating lease liabilities be excluded
from reporting on Schedule L of the
FFIEC 009. The agencies agree that
operating lease right-of-use assets
should properly be excluded from
reporting on the FFIEC 009, like other
fixed assets, but believes that operating
lease liabilities are now reportable as
liabilities under GAAP, and thus should
be included in foreign liabilities for
purposes of the FFIEC 009. Unlike

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financial-statement collections such as
the Call Report or the Board’s FR Y–9C,
the FFIEC 009 is designed to collect
additional detail for specific types of
claims and liabilities and not to reflect
a comprehensive and symmetric balance
sheet. Therefore, the agencies propose to
not exclude operating lease liabilities
from Schedule L of the FFIEC 009.
Fourth, the commenter noted that
Schedule L of the FFIEC 009 requires
reporting of short sales by country of the
counterparty to which the foreign office
owes delivery until the settlement date.
The commenter believed this treatment
to be inconsistent with the
corresponding treatment in the Board’s
FR 2510, which provides that the
immediate counterparty country and
sector for short sale contracts are those
of the issuer of the financial instrument
that has been sold short. The commenter
recommended that the reporting of short
sales in Schedule L of the FFIEC 009
should be revised to conform with the
treatment provided in the Board’s FR
2510. The agencies also note that the
reporting of short sales in the Board’s
FR 2510 is consistent with the BIS
guidelines for reporting CBS data (‘‘CBS
Guidelines’’).2 Therefore, the agencies
agree with the commenter and propose
to revise the instructions for Schedule L
so that reporting of short sales is based
on the immediate counterparty and
sector of the issuer rather than that of
the counterparty to the short-sale
transaction.
Fifth, the commenter noted a
difference in treatment between the
FFIEC 009 and U.S. GAAP for netting
trading assets against trading liabilities
in the same security (i.e., Committee on
Uniform Security Identification
Procedures (CUSIP) netting) and stated
that changing the FFIEC 009
instructions to align with netting under
U.S. GAAP would reduce the burden on
banking organizations required to report
the FFIEC 009. To address this concern,
the commenter recommended that
CUSIP netting for purposes of the FFIEC
009 be aligned with netting permitted
under U.S. GAAP to simplify the
currently required operational and
reconciliation processes. The agencies
believe that aligning CUSIP netting with
U.S. GAAP for country exposure
reporting would potentially distort such
reporting in cases in which the office
holding the position, the issuer of the
underlying security, and the
counterparty to the short position are
not the same. The agencies also note
2 BIS, Monetary and Economic Department,
Reporting guidelines for the BIS international
banking statistics (July 2019) available at https://
www.bis.org/statistics/bankstatsguide.pdf.

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Federal Register / Vol. 84, No. 174 / Monday, September 9, 2019 / Notices
that it is important for data collected in
the FFIEC 009 to be comparable to data
gathered for the same purpose by other
jurisdictions, so that these data can be
combined by the BIS into meaningful
global aggregate statistical data as the
CBS. Aligning CUSIP netting with U.S.
GAAP for country exposure reporting by
U.S. banking organizations in the FFIEC
009 would create a key inconsistency
between U.S. data and data provided by
other jurisdictions which adhere to
International Financial Reporting
Standards (IFRS) because IFRS does not
allow for CUSIP netting. Therefore, the
agencies propose to retain the current,
more limited use of CUSIP netting
described in the FFIEC 009 instructions.
Finally, the commenter suggested that
items to be excluded under Schedule C
and Schedule L of the FFIEC 009 should
be more specifically identified and the
list of exclusions should be expanded.
The commenter recommended that
certain cross-border claims (i.e., bankowned or company-owned life
insurance, deferred tax assets, physical
commodities held in inventory, initial
margin, pension assets, and cash in
vault) should be excluded from
Schedule C of the FFIEC 009 and that
deferred tax liabilities should be
excluded from Schedule L.
As a general matter, the agencies
believe that the decision to include or
exclude items as in Schedule C of the
FFIEC 009 should be based on whether
the items represent financial claims (or,
for Schedule L, foreign office financial
liabilities) in order to provide a proper
and meaningful basis for the agencies to
analyze country exposure, and should
be consistent with the CBS Guidelines
in order that data collected in the FFIEC
009 and FFIEC 009a would be
comparable with data being provided to
CBS by other jurisdictions.
In this context, the agencies agree
with the commenter that bank-owned
and company-owned life insurance,
physical commodities held in inventory,
and pension assets should not be
considered financial claims for purposes
of the FFIEC 009 and FFIEC 009a.
Therefore, the agencies propose to
revise the instructions to exclude these
items from reporting in the FFIEC 009
and FFIEC 009a by adding them to the
list of ‘‘Exclude’’ items in section II.A of
the instructions to the FFIEC 009.
The agencies do not agree with the
commenter with regard to initial margin
because the agencies believe that initial
margin represents a financial claim like
others related to derivatives. The
agencies therefore propose that initial
margin should continue to be reported
as part of derivative claims in Schedule
D.

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The agencies believe that cash in
vault represents a financial claim and,
moreover, that this claim is subject to
transfer risk, an important element of
the risks that may be associated with
cross-border financial claims. As a
result, the agencies do not agree with
the commenter and propose that cash in
vault should continue to be reported in
the FFIEC 009 and FFIEC 009a.
Finally, the agencies do not agree
with the commenter that deferred tax
assets and liabilities are not financial
claims. In addition, the agencies note
that deferred tax assets and liabilities
are specifically identified in the CBS
Guidelines as reportable claims
(liabilities). Therefore, the agencies
propose to retain the current inclusion
of deferred tax assets and liabilities
among reportable items in the FFIEC
009 and FFIEC 009a.
To provide sufficient time for
respondents to make any changes to
their reporting systems that may be
needed to reflect the agencies’ proposed
instructional revisions discussed above,
the agencies will permit respondents to
file the FFIEC 009 and FFIEC 009a for
the periods ending September 30, 2019,
and December 31, 2019, using either the
existing definitions or the revised
definitions for the items discussed
above.
Report Titles: Country Exposure
Report and Country Exposure
Information Report.
Form Numbers: FFIEC 009 and FFIEC
009a.
Frequency of Response: Quarterly.
Affected Public: Business or other for
profit.
OCC
OMB Number: 1557–0100.
Estimated Number of Respondents: 11
(FFIEC 009), 5 (FFIEC 009a).
Estimated Average Time per
Response: 131 hours (FFIEC 009), 6
hours (FFIEC 009a).
Estimated Total Annual Burden:
5,764 hours (FFIEC 009), 120 hours
(FFIEC 009a).
Board
OMB Number: 7100–0035.
Estimated Number of Respondents: 49
(FFIEC 009), 35 (FFIEC 009a).
Estimated Average Time per
Response: 131 hours (FFIEC 009), 6
hours (FFIEC 009a).
Estimated Total Annual Burden:
25,676 hours (FFIEC 009), 840 hours
(FFIEC 009a).
FDIC
OMB Number: 3064–0017.
Estimated Number of Respondents: 15
(FFIEC 009), 12 (FFIEC 009a).

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Estimated Average Time per
Response: 131 hours (FFIEC 009), 6
hours (FFIEC 009a).
Estimated Total Annual Burden:
7,860 hours (FFIEC 009), 288 hours
(FFIEC 009a).
General Description of Reports
The Country Exposure Report (FFIEC
009) is filed quarterly with the agencies
and provides information on
international claims of U.S. banks,
savings associations, bank holding
companies, savings and loan holding
companies, and intermediate holding
companies (U.S. banking organizations)
that is used for supervisory and
analytical purposes. The information is
used to monitor the foreign country
exposures of reporting institutions to
determine the degree of risk in their
portfolios and assess the potential risk
of loss. Information reported in the
FFIEC 009 also serves as the source for
country risk exposure data for U.S.
banking organizations that the BIS
combines with comparable data from
other jurisdictions into global aggregate
statistical data on country risk exposure
as the BIS CBS. The Country Exposure
Information Report (FFIEC 009a) is a
supplement to the FFIEC 009 and
provides publicly available information
on material foreign country exposures
(all exposures to a country in excess of
1 percent of total assets or 20 percent of
capital, whichever is less) of U.S.
banking organizations that file the
FFIEC 009 report. As part of the Country
Exposure Information Report, reporting
institutions also must furnish a list of
countries in which they have lending
exposures above 0.75 percent of total
assets or 15 percent of total capital,
whichever is less.
Statutory Basis and Confidential
Treatment
These information collections are
mandatory under the following statutes:
12 U.S.C. 161 and 1817 (national banks),
12 U.S.C. 1464 (federal savings
associations), 12 U.S.C. 248(a)(1) and
(2), 1844(c), and 3906 (state member
banks and bank holding companies); 12
U.S.C. 1467a(b)(2)(A) (savings and loan
holding companies); 12 U.S.C. 5365(a)
(intermediate holding companies); and
12 U.S.C. 1817 and 1820 (insured state
nonmember commercial and savings
banks and insured state savings
associations). The FFIEC 009
information collection is given
confidential treatment (5 U.S.C.
552(b)(4) and (b)(8)). The FFIEC 009a
information collection is not given
confidential treatment.

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Federal Register / Vol. 84, No. 174 / Monday, September 9, 2019 / Notices

Request for Comment

jbell on DSK3GLQ082PROD with NOTICES

The agencies invite comment on the
following topics related to these
collections of information:
(a) Whether the information
collections are necessary for the proper
performance of the agencies’ functions,
including whether the information has
practical utility;
(b) The accuracy of the agencies’
estimates of the burden of the
information collections, including the
validity of the methodology and
assumptions used;

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(c) Ways to enhance the quality,
utility, and clarity of the information to
be collected;
(d) Ways to minimize the burden of
information collections on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and
(e) Estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Comments submitted in response to
this joint notice will be shared among
the agencies. All comments will become
a matter of public record.

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Dated: August 30, 2019
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
Board of Governors of the Federal Reserve
System, September 3, 2019.
Ann Misback,
Secretary of the Board.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on September 3,
2019.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2019–19369 Filed 9–6–19; 8:45 am]
BILLING CODE 4810–33–6210–01–6714–01–P

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