Agency Information Collection Activities: Proposed Collection; Comment Request

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

Office of Thrift Supervision

Federal Reserve System

Federal Deposit Insurance Corporation

Agency Information Collection Activities: Proposed Collection;

Comment Request

AGENCIES: Office of the Comptroller of the Currency (OCC), Office of

Thrift Supervision (OTS), Treasury; Board of Governors of the Federal

Reserve System (Board); and Federal Deposit Insurance Corporation

(FDIC).

ACTION: Joint notice and request for comment.

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SUMMARY: In accordance with the requirements of the Paperwork Reduction

Act of 1995 (44 U.S.C. chapter 35), the OCC, the OTS, the Board, and

the FDIC (collectively, the ``agencies''), hereby give notice that they

plan to submit to the Office of Management and Budget (OMB) requests

for review of the information collection systems described below. The

Agencies may not conduct or sponsor, and the respondent is not required

to respond to, an information collection that has been extended,

revised, or implemented on or after October 1, 1995, unless it displays

a currently valid OMB control number. The Agencies, under the auspices

of the Federal Financial Institutions Examination Council (FFIEC),

intend to extend without revision the following currently approved

information collections: the Annual Report of Trust Assets (FFIEC 001),

the Annual Report of International Fiduciary Activities (FFIEC 006),

the Country Exposure Report (FFIEC 009), and the Country Exposure

Information Report (FFIEC 009a), with minor clarifications to the FFIEC

009 instructions. At the end of the comment period, the comments and

recommendations received will be analyzed to determine whether the

FFIEC and the agencies should modify the information collections. The

agencies will then submit the reports to OMB for review and approval.

DATES: Comments must be submitted on or before November 2, 1999.

ADDRESSES: Interested parties are invited to submit written comments to

any or all of the agencies. All comments should refer to the OMB

control number(s) and will be shared among the agencies.

OCC: Written comments on the FFIEC 001, 006, 009, and 009a should

be submitted to the Communications Division, Office of the Comptroller

of the Currency, 250 E Street, S.W., Third Floor, Attention: 1557-0127

(FFIEC 001 and 006) or 1557-0100 (FFIEC 009 and 009a). Washington, D.C.

20219. In addition, comments may be sent by facsimile transmission to

(202) 874-5274, or by electronic mail to [email protected].

Comments will be available for inspection and photocopying at the OCC's

Public Reference Room, 250 E Street, S.W., Washington, D.C. 20219

between 9:00 a.m. and 5:00 p.m. on business days. Appointments for

inspection of comments may be made by calling (202) 874-5043.

OTS: Written comments on the FFIEC 001 should be submitted to the

Manager, Dissemination Branch, Information Management and Services

Division, Office of Thrift Supervision, 1700 G Street, N.W.,

Washington, D.C. 20552, Attention: 1550-0005. Hand deliver comments to

Public Reference Room 1700 G Street, N.W., lower level, from 9:00 a.m.

to 4:00 p.m. on business days. Send facsimile transmissions to FAX

Number (202) 906-7755; or (202) 906-6956 (if comments are over 25

pages). Send e-mail to ``[email protected]'', and include your

name and telephone number. Interested persons may inspect comments at

the Public Reference Room, 1700 G St. N.W., from 9:00 a.m. until 4:00

p.m. on business days.

Board: Written comments on the FFIEC 001, 006, 009, and 009a should

be addressed to Jennifer J. Johnson, Secretary, Board of Governors of

the Federal Reserve System, 20th and C Streets, N.W., Washington, D.C.

20551, or delivered to the Board's mail room between 8:45 a.m. and 5:15

p.m., and to the security control room outside of those hours. Both the

mail room and the security control room are accessible from the

courtyard entrance on 20th Street between Constitution Avenue and C

Street, N.W. Comments received may be inspected in room M-P-500 between

9:00 a.m. and 5:00 p.m., except as provided in Sec. 261.12 of the

Board's Rules Regarding Availability of Information, 12 CFR 261.12(a).

FDIC: Written comments on the FFIEC 001, 009, and 009a should be

addressed to Robert E. Feldman, Executive Secretary, Attention:

Comments/OES, Federal Deposit Insurance Corporation, 550 17th Street,

N.W., Washington, D.C. 20429. 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

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7:00 a.m. and 5:00 p.m. [FAX number (202) 898-3838; Internet address:

[email protected]]. Comments may be inspected and photocopied in the

FDIC Public Information Center, Room 100, 801 17th Street, N.W.,

Washington, D.C., between 9:00 a.m. and 4:30 p.m. on business days.

A copy of the comments may also be submitted to the OMB desk

officer for the agencies: Alexander T. Hunt, Office of Information and

Regulatory Affairs, Office of Management and Budget, New Executive

Office Building, Room 3208, Washington, D.C. 20503.

FOR FURTHER INFORMATION CONTACT: Additional information or a copy of

the collection may be requested from:

OCC: Jessie Gates, OCC Clearance Officer, or Camille Dixon, (202)

874-5090, Legislative and Regulatory Activities Division, Office of the

Comptroller of the Currency, 250 E Street, S.W., Washington, D.C.

20219.

OTS: Mary Rawlings-Milton, OTS Clearance Officer, (202) 906-6028,

Office of Thrift Supervision, 1700 G Street, N.W., Washington, D.C.

20552.

Board: Mary M. West, Chief, Financial Reports Section, (202) 452-

3829, Division of Research and Statistics, Board of Governors of the

Federal Reserve System, 20th and C Streets, N.W., Washington, D.C.

20551. Telecommunications Device for the Deaf (TDD) users may contact

Diane Jenkins, (202) 452-3544, Board of Governors of the Federal

Reserve System, 20th and C Streets, N.W., Washington, D.C. 20551.

FDIC: Steven F. Hanft, FDIC Clearance Officer, (202) 898-3907,

Office of the Executive Secretary, Federal Deposit Insurance

Corporation, 550 17th Street N.W., Washington, D.C. 20429.

SUPPLEMENTARY INFORMATION:

Proposal to extend for three years without revision the following

currently approved collections of information:

1. Report Title: Annual Report of Trust Assets and Annual Report of

International Fiduciary Activities.

Form Number: FFIEC 001 and FFIEC 006.

Frequency of Response: Annual.

Affected Public: Business or other for profit For OCC:

OMB Number: 1557-0127.

Number of Respondents: 809 (FFIEC 001), 100 (FFIEC 006).

Estimated Average Time per Response: 4.4 burden hours (FFIEC 001),

4.0 burden hours (FFIEC 006).

Estimated Total Annual Burden: 3,960 burden hours.

For OTS:

OMB Number: 1557-0026.

Number of Respondents: 135 (FFIEC 001).

Estimated Average Time per Response: 2.30 burden hours (FFIEC 001).

Estimated Total Annual Burden: 310.5 burden hours.

For Board:

OMB Number: 7100-0031.

Number of Respondents: 511 (FFIEC 001), 116 (FFIEC 006).

Estimated Average Time per Response: 3.82 burden hours (FFIEC 001),

4.0 burden hours (FFIEC 006).

Total Annual Burden: 2416 burden hours.

OMB Number: 3064-0024.

Number of Respondents: 1,602 (FFIEC 001).

Estimated Average Time per Response: 3.55 burden hours (FFIEC 001).

Estimated Total Annual Burden: 5,683 burden hours (FFIEC 001).

General Description of Reports

This information collection (FFIEC 001 and FFIEC 006) is mandatory.

12 U.S.C. 161 and 1817 (for national banks), 12 U.S.C. 1464, 1725, 1730

(for thrift institutions), 12 U.S.C. 248(a)(1) and (2) and 1844(c) (for

state member banks and bank holding companies), and 12 U.S.C. 1817 (for

insured state nonmember commercial and savings banks). The FFIEC 006,

collected by the OCC and the Board, is given confidential treatment [5

U.S.C. 552(b)(8)]. Small business (i.e., small banks) are affected.

Abstract

These interagency reports collect information on fiduciary asset

totals and activities. They are used to monitor changes in the volume

and character of discretionary trust activity and the volume of

nondiscretionary trust activity and to determine resource needs for

supervisory purposes. The data are also used for statistical and

analytical purposes. No changes are proposed to the FFIEC 001 or the

FFIEC 006 reporting forms or instructins.

2. Report Title: Country Exposure Report/Country Exposure

Information Report.

Form Number: FFIEC 009 and FFIEC 009a.

Frequency of Response: Quarterly.

Affected Public: Business or other for profit.

For OCC:

OMB Number: 1557-0100.

Estimated Number of Repondents: 60 (FFIEC 009), 60 (FFIEC 009a).

Estimated Average Hours per Response: 30 burden hours (FFIEC 009),

5.25 burden hours (FFIEC 009a).

Estimated Total Annual Burden: 7,200 burden hours (FFIEC 009),

1,260 burden hours (FFIEC 009a).

For Board:

OMB Number: 7100-0035.

Estimated Number of Respondents: 105 (FFIEC 009), 24 (FFIEC 009a).

Estimated Average Hours per Response: 30 burden hours (FFIEC 009),

5.25 burden hours (FFIEC 009a).

Estimated Total Annual Burden: 12,600 burden hours (FFIEC 009), 504

burden hours (FFIEC 009a).

For FDIC:

OMB Number: 3064-0017.

Estimated Number of Respondents: 34 (FFIEC 009), 34 (FFIEC 009a).

Estimated Average Hours per Response: 30 burden hours (FFIEC 009),

5.25 burden hours (FFIEC 009a).

Estimated Total Annual Burden: 4,080 burden hours (FFIEC 009), 714

burden hours (FFIEC 009a).

General Description of Reports

This information collection (FFIEC 009 and FFIEC 009a) is

mandatory: 12 U.S.C. 161 (for national banks), 12 U.S.C. 248(a),

1844(c), and 3906 (for state member banks), and 12 U.S.C. 1817 and 1820

(for insured state nonmember commercial and savings banks). 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. Small businesses (i.e., small banks) are

not affected. These reports are not collected by OTS.

Abstract

The Country Exposure Report (FFIEC 009) is filed quarterly with the

agencies and provides information on international claims of U.S. banks

and bank holding companies that is used for supervisory and analytical

purposes. The information is used to monitor country exposure of banks

to determine the degree of risk in their portfolios and the possible

impact on U.S. banks of adverse developments in particular countries.

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 one

percent of total assets or 20 percent of capital, whichever is less) of

U.S. banks and bank holding companies that file the FFIEC 009 report.

Reporting institutions must also 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. No changes are proposed to

the FFIEC 009 reporting forms or the FFIEC 009a reporting forms and

instructions. However, minor

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clarifications are proposed to the FFIEC 009 instructions.

Current Actions

The instructional clarifications to the FFIEC 009 report that are

the subject of this notice have been approved by the Agencies for

implementation as of the December 31, 1999, report date. The proposed

clarifications involve classifying credit derivatives as guarantees.

The affected sections are; C. ``Guaranteed Claims'', E.''Contingencies

and Commitments'', and the specific instructions for column 15.

Request for Comment

Comments are invited on:

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;

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 notice will be shared among

the agencies and will be summarized or included in the agencies'

requests for OMB approval. All comments will become a matter of public

record. Written comments should address the accuracy of the burden

estimates and ways to minimize burden including the use of automated

collection techniques or the use of other forms of information

technology as well as other relevant aspects of the information

collection request.

Dated: August 25, 1999.

Mark J. Tenhundfeld,

Assistant Director, Legislative and Regulatory Activities Division,

Office of the Comptroller of the Currency.

Dated. August 8, 1999.

John E. Werner,

Director, Information & Management Services, Office of Thrift

Supervision.

Board of Governors of the Federal Reserve System, August 30,

1999.

Jennifer J. Johnson,

Secretary of the Board.

Dated at Washington, D.C., this 19th day of August, 1999.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.

[FR Doc. 99-22984 Filed 9-2-99; 8:45 am]

BILLING CODE OCC: 4810-33-P; OTS: 6720-01-P; Board: 6210-01-P; FDIC:

6714-01-P