Agency Information Collection Activities: Submission for OMB Review; Comment Request — 1997-06-30 [97-16981]

On December 30, 1996, the Board and the FDIC (the ``agencies'') requested public comment for 60 days on proposed revisions to the Foreign Branch Report of Condition (Foreign Branch Report), which is currently an approved collection of information (61 FR 68814-68817). After reviewing the comments received, the Federal Financial Institutions Examination Council (FFIEC), of which the agencies are members, decided to study further the agencies' needs for information on the foreign branches of U.S. banks for supervisory and other public policy purposes. Thus, the FFIEC and the agencies are not proceeding with most of the proposed changes to the Foreign Branch Report. The only change that will be implemented at this time is a revision to conform the reporting instructions with generally accepted accounting principles (GAAP). In accordance with requirements of the Paperwork Reduction Act of 1995 (44 U.S.C.