OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Quarterly Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks

ICR 201712-7100-007 · OMB 7100-0079 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Form FR 2502q Quarterly Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks Form Modified Available
FR2502q_20180125_83c.pdf Justification for No Material/Nonsubstantive Change Uploaded 2018-01-25 Available
IC Document Collections
IC IDCollectionTypeStatusForm
36074 Quarterly Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks Form Modified
ICR Details
7100-0079 201712-7100-007
Historical Active 201505-7100-008
FRS FR 2502q
Quarterly Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 01/25/2018
Retrieve Notice of Action (NOA) 01/25/2018
  Inventory as of this Action Requested Previously Approved
06/30/2018 06/30/2018 06/30/2018
108 0 124
108 0 124
0 0 0
U.S. commercial banks, bank holding companies, including financial holding companies, and banking Edge and agreement corporations (U.S. banks) are required to file this reporting form for their large branches and banking subsidiaries that are located in the United Kingdom or the Caribbean. As of June 30, 2017, 18 reports were filed for large foreign branches, and 9 reports were filed for large foreign subsidiaries. The FR 2502q collects, for each reporting office, claims on and liabilities to residents of the United States and of all countries as of each quarter-end. Additional details are collected about positions vis-à-vis U.S. residents. Positions vis-à-vis other non-U.S. offices of the parent bank and positions arising from derivatives contracts are also broken out. The data are used in constructing a piece of the Financial Accounts of the United States that are compiled by the Board and in preparing the U.S. International Transactions Accounts and the International Investment Position that are compiled by the Bureau for Economic Analysis (BEA), an agency of the Department of Commerce.
US Code: 12 USC 625 Name of Law: Federal Reserve Act
   US Code: 12 USC 248(a)(2) Name of Law: Federal Reserve Act
   US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act
  
None
Not associated with rulemaking
  80 FR 13001 03/12/2015
80 FR 30680 05/29/2015
Yes
  Total Approved 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 108 124 0 0 -16 0
Annual Time Burden (Hours) 108 124 0 0 -16 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The decrease in burden hours is due to a decrease in the number of respondents.
$41,300
No
    No
    No
No
No
No
Uncollected
Ian Armstrong 571 372-7677 [email protected]
  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.
01/25/2018