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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
7100-0320
ICR Reference No:
201103-7100-010
Status:
Historical Active
Previous ICR Reference No:
200707-7100-004
Agency/Subagency:
FRS
Agency Tracking No:
FR 4199
Title:
Basel II Interagency Pillar 2 Supervisory Guidance
Type of Information Collection:
No material or nonsubstantive change to a currently approved collection
Common Form ICR:
No
Type of Review Request:
Delegated
OIRA Conclusion Action:
Approved without change
Conclusion Date:
04/08/2011
Retrieve Notice of Action (NOA)
Date Received in OIRA:
04/08/2011
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
09/30/2011
09/30/2011
09/30/2011
Responses
18
18
15
Time Burden (Hours)
7,560
7,560
6,300
Cost Burden (Dollars)
0
0
0
Abstract:
This supervisory guidance assisted financial institutions implementing revisions to the risk-based capital standards in the United States, the Advanced Capital Adequacy Framework - Basel II (framework). In addition, this supervisory guidance provided detail for the supervisory review process that helped banks satisfy the qualification requirements in the final rule. For the Pillar 2 guidance, the Office of the Comptroller of the Currency (OCC), the Office of Thrift Supervision (OTS), the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC), (the agencies) determined that paragraphs 37, 41, 43, and 46 contain information collection requirements that were beyond the scope of the burden estimates developed for the final rule. The Pillar 2 guidance contains certain documentation or recordkeeping requirements for state member banks and bank holding companies (BHCs).
Authorizing Statute(s):
US Code: 12 USC 324(B) Name of Law: Federal Reserve Act
US Code: 12 USC 1844(c)(1)(A) Name of Law: Bank Holding Company Act
US Code: 5 USC 552(b)(4), (b)(6), and (b)(8) Name of Law: Freedom of Information Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
72 FR 9084
02/28/2007
30-day Notice:
Federal Register Citation:
Citation Date:
73 FR 44620
07/31/2008
Did the Agency receive public comments on this ICR?
Yes
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Basel II Interagency Pillar 2 Supervisory Guidance
ICR Summary of Burden
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
18
15
0
0
3
0
Annual Time Burden (Hours)
7,560
6,300
0
0
1,260
0
Annual Cost Burden (Dollars)
0
0
0
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:
No
Burden Reduction Due to:
Short Statement:
The increase in burden hours reflects an update to the FR 4199 respondent count.
Annual Cost to Federal Government:
$0
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [PPACA, P.L. 111-148 & 111-152]?
No
Is this ICR related to the Dodd-Frank Act [Dodd-Frank Wall Street Reform and Consumer Protection Act, P.L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Agency Contact:
Mark Tokarski 202-452-5241 Mark.E.Tokarski@frb.gov
Common Form ICR:
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:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(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;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
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.
Certification Date:
04/08/2011
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