(a) Requirements.
(1) Pursuant to section
907(a) of the International Lending Supervision Act of 1983 (title
IX, Pub. L. 98-181, 97 Stat. 1153) (ILSA), a banking institution shall
submit to the Board, at least quarterly, information regarding the
amounts and composition of its holdings of international assets.
(2) Pursuant to section 907(b) of
ILSA, a banking institution shall submit to the Board information
regarding concentrations in its holdings of international assets that
are material in relation to total assets and to capital of the institution,
such information to be made publicly available by the Board on request.
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(b) Procedures. The format, content
and reporting and filing dates of the reports required under paragraph
(a) of this section shall be determined jointly by the federal banking agencies.
The requirements to be prescribed by the federal banking agencies
may include changes to existing reporting forms (such as the Country
Exposure Report, Form FFIEC No. 009) or such other requirements as
the agencies deem appropriate. The federal banking agencies also may
determine to exempt from the requirements of paragraph (a) of this
section banking institutions that, in the federal banking agencies’
judgment, have de minimis holdings of international assets.
(c) Reservation of authority. Nothing
contained in this rule shall preclude the Board from requiring from
a banking institution such additional or more frequent information
on the institution’s holdings of international assets as the Board
may consider necessary.
