Country Exposure Report for U.S. Branches and Agencies of Foreign Banks

Forms and Documents

Document Name	Status
Form FFIEC 019 Ongoing Form	Modified
Form FFIEC 019 One-time Form	New
FFIEC019_20210820_18_question_omb.pdf Supplementary Document	2021-08-20
FFIEC019_20210820_omb.pdf Supporting Statement A	2021-08-20

IC Document Collections

IC ID	Document Title	Status
36238	Ongoing Form	Modified
248964	One-time Form	New

ICR Details

OMB Control No: 7100-0213	ICR Reference No: 202108-7100-002
Status: Received in OIRA	Previous ICR Reference No: 201807-7100-018
Agency/Subagency: FRS	Agency Tracking No: FFIEC 019
Title: Country Exposure Report for U.S. Branches and Agencies of Foreign Banks
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 08/20/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	09/30/2021
Responses	668	624
Time Burden (Hours)	6,200	6,240
Cost Burden (Dollars)	0	0

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Abstract: The FFIEC 019 is required and must be submitted quarterly by all individual U.S. branches and agencies of foreign banks that have total direct claims on residents of foreign countries in excess of $30 million. Each reporting branch or agency provides information for supervisory purposes on its direct and indirect claims, total adjusted claims on foreign residents, and information on commitments.

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Authorizing Statute(s): US Code: 12 USC 3108 Name of Law: International Banking Act of 1978
   US Code: 12 USC 1817 Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 1820 Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 161 Name of Law: National Bank Act
   US Code: 12 USC 3102 Name of Law: International Banking Act of 1978
   US Code: 12 USC 3105 Name of Law: International Banking Act of 1978
  

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:
	86 FR 24619	05/07/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 46252	08/18/2021
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
One-time	FFIEC 019	Country Exposure Report for U.S. Branches and Agencies of Foreign Banks
Ongoing	FFIEC 019	Country Exposure Report for U.S. Branches and Agencies of Foreign Banks

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ICR Summary of Burden

	Total Request	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	668	624	0	80	-36	0
Annual Time Burden (Hours)	6,200	6,240	0	320	-360	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The estimated total annual burden for the FFIEC 019 is 5,880 hours, and would increase to 6,200 with the proposed revisions. The agencies estimate that, for the approximately 20 financial institutions expected to have more than five foreign country exposures of at least $20 million to report, the proposed revision would impose, on average, a 4 hour implementation burden to update each firm’s reporting systems and practices. The estimated number of institutions with additional exposures to report is based on the number of respondents that reported five foreign exposures of at least $20 million as of year-end 2020. Once reporting systems are updated, the agencies believe that ongoing burden will not substantially change because any increase in the total number of foreign exposures reported would be approximately offset by the simplified assessment to determine which foreign exposures to report. The estimated total number of respondents is based on year-end FFIEC 019 reporting for 2020.

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Annual Cost to Federal Government: $13,100

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? No

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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: 08/20/2021

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