[Federal Register: November 12, 1998 (Volume 63, Number 218)]
[Notices]               
[Page 63356-63357]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr12no98-123]

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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

Federal Reserve System

Federal Deposit Insurance Corporation

 
Agency Information Collection Activities: Discontinuance

AGENCIES: Office of the Comptroller of the Currency (OCC), Treasury; 
Board of Governors of the Federal Reserve System (Board); and Federal 
Deposit Insurance Corporation (FDIC).

ACTION: Discontinuance of information collection.

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SUMMARY: Notice is hereby given of the discontinuance by the OCC, the 
Board, and the FDIC (the ``agencies'') of an information collection, 
the ``Monthly Consolidated Foreign Currency Report of Banks in the 
United States'' (FFIEC 035). Banks will no longer be required to 
complete this report after the December 31, 1998 report date.

DATES: The final date as of which the FFIEC 035 will be collected is 
December 31, 1998.

FOR FURTHER INFORMATION CONTACT: Additional information may be 
requested from any of the agency clearance officers or the Office of 
Management and Budget (OMB) Desk Officer whose names appear below.
    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, SW, Washington, DC 20219.
    Board: Mary M. McLaughlin, Chief, Financial Reports Section, (202) 
452-3829, Division of Research and Statistics, Board of Governors of 
the Federal Reserve System, 20th and C Streets, NW, Washington, DC 
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, NW, Washington, DC 20551.
    FDIC: Steven F. Hanft, FDIC Clearance Officer, (202) 898-3907, 
Office of the Executive Secretary, Federal Deposit Insurance 
Corporation, 550 17th Street NW, Washington, DC 20429.
    OMB: Alexander T. Hunt, OMB Desk Officer, (202) 395-7860, Office of 
Information and Regulatory Affairs, Office of Management and Budget, 
New Executive Office Building, Room 3208, Washington, DC 20503.

SUPPLEMENTARY INFORMATION:

Discontinuance of the Following Report

    Title: Monthly Consolidated Foreign Currency Report of Banks in the 
United States.
    Form number: FFIEC 035.
    Frequency of Response: Monthly.
    Affected Public: Businesses or other for-profit.
    For OCC:
    OMB Number: 1557-0156.
    Estimated Number of Respondents: 29.
    Estimated Average Hours per Response: 12.68 burden hours.

[[Page 63357]]

    Estimated Total Annual Burden: 4,413 burden hours.
    For Board:
    OMB Number: 7100-0178.
    Estimated Number of Respondents: 116.
    Estimated Average Hours per Response: 12.68 burden hours.
    Estimated Total Annual Burden: 17,651 burden hours.
    For FDIC:
    OMB Number: 3064-0105.
    Estimated Number of Respondents: 4
    Estimated Average Hours per Response: 10 burden hours.
    Estimated Total Annual Burden: 480 burden hours.
    General description of report: This information collection is 
mandatory: 12 U.S.C. 248(a) and 1844(c) (Board), 12 U.S.C. 1817(a) 
(FDIC), and 31 U.S.C. 5315--5321, and 12 U.S.C. 161 (OCC).
    Abstract: The agencies have used the FFIEC 035 data to monitor the 
foreign exchange activities of individual U.S. banks and banking 
institutions.
    Current Actions: The agencies have determined that the foreign 
exchange activities reported in the FFIEC 035 can be monitored through 
other supervisory means. Therefore, the FFIEC 035 will no longer be 
collected after this year. The final date as of which banks must file 
this report is December 31, 1998.
    In a Federal Register notice dated July 13, 1998 (63 FR 37622-
37623), the Department of the Treasury proposed to collect some of the 
information currently reported on the FFIEC 035 on their Foreign 
Currency Forms FC-1 (Weekly Consolidated Foreign Currency Report of 
Major Market Participants), FC-2 (Monthly Consolidated Foreign Currency 
Report of Major Market Participants), and FC-3 (Quarterly Consolidated 
Foreign Currency Report). Banks should determine whether they must file 
one of these Foreign Currency Forms beginning in 1999. Requests for 
copies of the Foreign Currency Forms and instructions should be 
directed to T. Ashby McCown, Director, Office of International 
Financial Analysis, Department of the Treasury, Washington, DC 20220, 
telephone (202) 622-2250, FAX (202) 622-0607.

    Dated: October 30, 1998.
Karen Solomon,
Director, Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency.

    Board of Governors of the Federal Reserve System, November 5, 
1998.
Jennifer J. Johnson,
Secretary of the Board.

    Dated at Washington, DC, this 28th day of October, 1998.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 98-30211 Filed 11-10-98; 8:45 am]
BILLING CODE 4810-33-P, 6210-01-P, 6714-01-P