Foreign Branch Report of Condition

Forms and Documents

Document Name	Status
Form FFIEC 030S FFIEC 030S Form	Modified
Form FFIEC 030 FFIEC 030 Annual Form	Modified
Form FFIEC 030 FFIEC 030 Quarterly Form	Modified
FFIEC030_FFIEC030S_20241015_18_question_omb.pdf Supplementary Document	2024-10-15
FFIEC030_FFIEC030S_20241015_omb.pdf Supporting Statement A	2024-10-15

IC Document Collections

IC ID	Document Title	Status
45097	FFIEC 030S Form	Modified
45096	FFIEC 030 Annual Form	Modified
36056	FFIEC 030 Quarterly Form	Modified

ICR Details

OMB Control No: 7100-0071	ICR Reference No: 202410-7100-001
Status: Received in OIRA	Previous ICR Reference No: 202111-7100-004
Agency/Subagency: FRS	Agency Tracking No: FFIEC 030; FFIEC 030S
Title: Foreign Branch Report of Condition
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 10/15/2024

	Requested	Previously Approved
Expiration Date	36 Months From Approved	12/31/2024
Responses	103	99
Time Burden (Hours)	367	317
Cost Burden (Dollars)	0	0

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Abstract: Insured domestically chartered commercial banks and savings associations (U.S. banks) that have one or more branch offices in a foreign country are required to report balance sheet information for each of their foreign branches on either the FFIEC 030 or FFIEC 030S. The FFIEC 030 is collected annually as of December 31 or quarterly for significant branches as of the last day of each calendar quarter. The FFIEC 030S is an abbreviated reporting form filed annually by smaller institutions. The Federal Reserve receives reports for all foreign branches of U.S. banks, regardless of charter type, on behalf of the U.S. banks’ primary federal bank regulatory agency (Board, Federal Deposit Insurance Corporation (FDIC), or Office of the Comptroller of the Currency (OCC) (collectively the agencies)). The agencies use the FFIEC 030 and FFIEC 030S reports to fulfill their statutory obligation to supervise foreign operations of domestic banks.

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Authorizing Statute(s): US Code: 12 USC 321 Name of Law: Federal Reserve Act
   US Code: 12 USC 324 Name of Law: Federal Reserve Act
   US Code: 12 USC 602 Name of Law: Federal Reserve Act
  

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:
	89 FR 3708	01/19/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 81137	10/07/2024
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
FFIEC 030 Annual	FFIEC 030	Foreign Branch Report of Condition
FFIEC 030 Quarterly	FFIEC 030	Foreign Branch Report of Condition
FFIEC 030S	FFIEC 030S	Abbreviated Foreign Branch Report of Condition

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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	103	99	0	0	4	0
Annual Time Burden (Hours)	367	317	0	78	-28	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 030 and FFIEC 030S is 289 hours, and would increase to 367 hours with the proposed revisions.

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Annual Cost to Federal Government: $35,200

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: 10/15/2024

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