OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

International Applications and Prior Notifications under Subparts A and C of Regulation K

ICR 202107-7100-007 · OMB 7100-0107 · Active

Forms and Documents
DocumentTypeStatusAvailability
Form FR K-1 Reporting Attachments A and B Form and Instruction Modified Available
Form FR K-1 Disclosure Attachment F Form and Instruction New Available
Form FR K-1 Reporting Attachment K Form and Instruction Modified Repair queued
Form FR K-1 Reporting Attachment J Form and Instruction Modified Repair queued
Form FR K-1 Reporting Attachments H and I Form and Instruction Modified Repair queued
Form FR K-1 Reporting Attachments C, D, E, F, and G Form and Instruction Modified Repair queued
FRK1_20210730_omb.pdf Supporting Statement A Uploaded 2021-07-30 Available
IC Document Collections
IC IDCollectionTypeStatusForm
36108 Reporting Attachments A and B Form and Instruction Modified
248636 Disclosure Attachment F Form and Instruction New
248635 Recordkeeping Section 211.13 New
248634 Reporting Section 211.11 New
248633 Reporting Sections 211.10(a)(14)(i)(A), 211.10(a)(14)(ii), 211.10(a)(15)(ii), and 211.10(a)(15)(iv)(B) New
248632 Reporting Section 211.8(g)(3)(iii) New
248631 Reporting Section 211.5(c)(4) New
183385 Reporting Attachment K Form and Instruction Modified
183384 Reporting Attachment J Form and Instruction Modified
183383 Reporting Attachments H and I Form and Instruction Modified
183382 Reporting Attachments C, D, E, F, and G Form and Instruction Modified
ICR Details
7100-0107 202107-7100-007
Active 202102-7100-002
FRS FR K-1
International Applications and Prior Notifications under Subparts A and C of Regulation K
Revision of a currently approved collection   No
Delegated
Approved without change 07/30/2021
Retrieve Notice of Action (NOA) 07/30/2021
  Inventory as of this Action Requested Previously Approved
07/31/2024 36 Months From Approved 07/31/2021
171 0 71
987 0 903
0 0 0
Subpart A of Regulation K - International Banking Operations (12 CFR Part 211), governs the foreign investments and activities of member banks, Edge and agreement corporations, bank holding companies (BHCs), and certain investments by foreign organizations. Subpart C of Regulation K governs investments in export trading companies by eligible investors. The FR K-1 information collection contains eleven attachments, discussed below, for the application and notification requirements in Subparts A and C of Regulation K. The Board requires these applications for regulatory and supervisory purposes and to allow the Board to fulfill its statutory obligations under the Federal Reserve Act (FRA) and the Bank Holding Company Act of 1956 (BHC Act). The applications are event-generated and provide the Federal Reserve with information necessary to evaluate each of the proposed transactions.
US Code: 12 USC 611-631 Name of Law: Federal Reserve Act
   US Code: 12 USC 1843(c)(13) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 601-604(a) Name of Law: Federal Reserve Act
   US Code: 12 USC 1843(c)(14) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act of 1956
  
None
Not associated with rulemaking
  86 FR 23968 05/05/2021
86 FR 40840 07/29/2021
No
  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 171 71 0 100 0 0
Annual Time Burden (Hours) 987 903 0 84 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
Yes
Miscellaneous Actions
The estimated total annual burden for the FR K-1 is 903 hours, and would increase to 987 hours with the revisions. The reporting burden is based on the average number of applications and notifications filed during a typical year. The disclosure burden associated with Attachment F reflects the amount of time required to fulfill the newspaper publication requirement for that attachment. The additional reporting and recordkeeping burden consists of existing burden related to several provisions not previously cleared under the PRA.
$0
No
    Yes
    No
No
No
No
No
Scott Farmer 202-452-2253 [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.
07/30/2021