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View ICR - OIRA Conclusion

OMB Control No: 7100-0079	ICR Reference No: 201505-7100-008
Status: Historical Active	Previous ICR Reference No: 201502-7100-003
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: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/29/2015
	Date Received in OIRA: 06/29/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2018	36 Months From Approved	09/30/2015
Responses	124	0	124
Time Burden (Hours)	124	0	434
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	124	124	0
Annual Time Burden (Hours)	124	434	-310
Annual Cost Burden (Dollars)	0	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The Federal Reserve is removing rows for assets and liabilities by country of customer, except for the row for the United States (country code 01007). The row for "Total, all areas" (country code 99996) will also be retained. The retention of these two rows allows the continued used of the report to better understand how banks use their offices in the Caribbean and the United Kingdom as conduits for funds to or from outside the United States. The memoranda section would be unchanged, allowing its continued use in flow of funds data and in shedding light on where U.S. banks book their derivatives activities.

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