Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks; Report of Assets and Liabilities of Non-U.S. Branches That Are Managed or Controlled by a U.S. Branch or Agency of a Fo
ICR 200811-7100-011
OMB: 7100-0032
Federal Form Document
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 7100-0032 can be found here:
Report of Assets and
Liabilities of U.S. Branches and Agencies of Foreign Banks; Report
of Assets and Liabilities of Non-U.S. Branches That Are Managed or
Controlled by a U.S. Branch or Agency of a Fo
The FFIEC requires U.S. branches and
agencies of foreign banks to provide balance sheet information
quarterly on this interagency report to fulfill the supervisory and
regulatory reporting requirements of the International Banking Act
of 1978. The Federal Reserve also uses the data to augment the bank
credit, loan, and deposit information needed for monetary policy
purposes.
Pursuant to a systemic
risk determination by the Secretary of the Treasury (after
consultation with the President), the FDIC Board of Directors
established the Temporary Liquidity Guarantee Program (TLGP) as
part of a coordinated Federal government response to the
unprecedented disruption in credit markets and the resultant
effects on the abilities of insured depository institutions to fund
themselves and to intermediate credit. The TLGP is comprised of a
Debt Guarantee Program and a Transaction Account Guarantee Program,
and includes a system of fees to be paid by participating entities
for the guarantees. In order for the FDIC to calculate the fees to
be assessed under the Transaction Account Guarantee Program portion
of the TLGP and any systemic risk emergency special assessments, it
needs information not currently collected. The best method for
obtaining this information is through revisions to the Call
Reports.
US Code:
12
USC 1817(a) Name of Law: Federal Deposit Insurance Act
US Code: 12
USC 3102(b) Name of Law: International Banking Act
US Code: 5
USC 552(b)(4) Name of Law: Freedom of Information Act
US Code:
12 USC 3105(c)(2) Name of Law: International Banking Act
The Federal Reserve proposes to
add the following data items to the FFIEC 002 effective December
31, 2008: (1) number of noninterest-bearing transaction accounts
over $250,000 and (2) amount of noninterest-bearing transaction
accounts over $250,000. These revisions arise from a final rule
approved by the FDIC Board of Directors on November 21, 2008, which
implements the FDIC's Temporary Liquidity Guarantee (TLG)
Program.
$221,900
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Mark Tokarski 202-452-5241
Mark.E.Tokarski@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.