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

ICR 202106-7100-014 · OMB 7100-0079 · Active

Forms and Documents

Document	Type	Status	Availability
Form FR 2502q Quarterly Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks	Form	Unchanged	Available
FR2502q_20210615_omb.pdf	Supporting Statement A	Uploaded 2021-06-15	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
36074	Quarterly Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks	Form	Unchanged

ICR Details

OMB Control No: 7100-0079	ICR Reference No: 202106-7100-014
Status: Active	Previous ICR Reference No: 202106-7100-013
Agency/Subagency: FRS	Agency Tracking No: FR 2502q
Title: Quarterly Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/15/2021
Retrieve Notice of Action (NOA)	Date Received in OIRA: 06/15/2021
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2024	36 Months From Approved	06/30/2021
Responses	92	0	92
Time Burden (Hours)	92	0	92
Cost Burden (Dollars)	0	0	0

Abstract: U.S. commercial banks, bank holding companies, including financial holding companies, and Edge Act and agreement corporations (U.S. banks) are required to file the FR 2502q reporting form for their large branches and banking subsidiaries that are located in the United Kingdom or the Caribbean.

Authorizing Statute(s): US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act of 1956
   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 248(a)(1) Name of Law: Federal Reserve Act
   US Code: 12 USC 248(a)(2) Name of Law: Federal Reserve Act

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 8014	02/03/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 23971	05/05/2021
Did the Agency receive public comments on this ICR? Yes

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Quarterly Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks	FR 2502q	Quarterly Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks

ICR Summary of Burden

	Total Approved	Previously Approved
Annual Number of Responses	92	92
Annual Time Burden (Hours)	92	92
Annual Cost Burden (Dollars)	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

Annual Cost to Federal Government: $43,000

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

Agency Contact: Brenda Simms 202 475-6340 [email protected]

Common Form ICR: No