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 Name of Law: Federal Reserve Act
US Code: 12
USC 602 Name of Law: Federal Reserve Act
US Code: 12
USC 625 Name of Law: Federal Reserve Act
US Code: 12
USC 3106 Name of Law: International Banking Act of 1978
US Code: 12
USC 1844(c) Name of Law: Bank Holding Company Act of 1956
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.