Information Collection List

IC Title Status Responses Hours Dollars Document Type Form No. Form Name
Require the CEO and CFO to submit to the FDIC a certification of accuracy – Implementation New 10 40 0
Audits for large PPSIs, annual financial statement – Implementation New 1 480 0
Audits for large PPSIs, annual financial statement – Ongoing New 1 40 0
Audits for large PPSIs, statements made publicly available – Implementation New 1 8 0
Audits for large PPSIs, submission to the FDIC – Implementation New 1 4 0
Audits for large PPSIs, submission to the FDIC – Ongoing New 1 1 0
Certify AML/CFT and sanctions program – Ongoing New 40 40 0
Certify AML/CFT and sanctions programs program – Implementation New 10 200 0
Confidential weekly report to the FDIC – Implementation New 10 160 0
Demonstrate the capability to access and monetize identifiable reserve assets – Implementation New 10 40 0
Demonstrate the capability to access and monetize the identifiable reserve assets – Ongoing New 20 240 0
Establish a redemption policy – Implementation New 10 80 0
Establish a redemption policy – Ongoing New 20 20 0
Implement written policies, procedures, and internal controls that are adequate to comply with applicable law – Implementation New 30 240 0
Internal auditing system – Implementation New 10 800 0
Internal auditing system – Ongoing New 20 9600 0
Late filing of Audits – Implementation New 1 8 0
Late filing of Audits – Ongoing New 1 2 0
Maintain a written contingency plan to restore compliance after reserves sink below required amount – Ongoing New 20 20 0
Maintain records identifying separate reserves and calculate the fair value of reserve assets – Implementation New 10 400 0
Maintain records identifying separate reserves as and calculating the fair value of reserve assets – Ongoing New 5000 1250 0
Maintain written policies, procedures, and internal controls that are adequate to comply with applicable law – Ongoing New 30 30 0
Notify FDIC if PPSI fails to meet capital or backstop requirements at the end of a quarter – Implementation New 10 40 0
Notify FDIC if PPSI fails to meet capital or backstop requirements at the end of a quarter – Ongoing New 1 1 0
Notify customers when there is an unauthorized access incident – Ongoing New 20 20 0
Notify the FDIC if the PPSI determines to take action that would result in the orderly redemptions of all outstanding stablecoins – Implementation New 10 10 0
Notify the FDIC if the PPSI determines to take action that would result in the orderly redemptions of all outstanding stablecoins – Ongoing New 1 4 0
Notify the FDIC in writing when identifiable reserves become less than the required amount – Implementation New 10 10 0
Notify the FDIC in writing when identifiable reserves become less than the required amount – Ongoing New 1 4 0
Optional response to the FDIC in writing – Implementation New 10 10 0
Optional response to the FDIC in writing – Ongoing New 1 1 0
Other reports to be submitted upon FDIC request – Ongoing New 20 800 0
Program to notify customers if there is an unauthorized access incident – Implementation New 10 40 0
Program to notify customers if there is an unauthorized access incident – Implementation New 10 40 0
Program to notify customers when there is an unauthorized access incident – Ongoing New 20 20 0
Provide AML certification to the FDIC – Implementation New 10 200 0
Provide AML/CFT and sanctions programs certification to the FDIC – Ongoing New 40 40 0
Provide confidential weekly report to the FDIC – Ongoing New 1040 2080 0
Provide notice to the FDIC when the PPSI is experiencing a significant redemption request – Implementation New 10 5 0
Provide notice to the FDIC when the PPSI is experiencing a significant redemption request – Ongoing New 1 1 0
Provide quarterly reports of financial condition to the FDIC – Ongoing New 80 800 0
Provide quarterly reports of financial condition – Implementation New 10 800 0
Public Audits for large PPSIs, statements made publicly available – Ongoing New 1 1 0
Publicly disclose a redemption policy – Implementation New 10 10 0
Publicly disclose certain information relating to the PPSI, the payment stablecoin, and fees – Implementation New 10 80 0
Publicly disclose certain information relating to the PPSI, the payment stablecoin, and fees – Ongoing New 20 20 0
Publicly disclose redemption policy – Ongoing New 20 20 0
Publish a monthly report on reserve composition monthly – Implementation New 10 400 0
Publish a monthly report on reserve composition – Ongoing New 240 2160 0
Publish a registered public accounting firm's examination report to their website monthly – Ongoing New 240 240 0
Publish a registered public accounting firm's examination report to website monthly – Implementation New 10 80 0
Require service providers by contract to implement appropriate measures – Implementation New 10 40 0
Require service providers by contract to implement appropriate measures – Ongoing New 20 80 0
Require the CEO and CFO to submit to the FDIC a certification of accuracy – Ongoing New 240 60 0
Submission of a plan to reach additional capital or backstop requirements – Implementation New 10 10 0
Submission of a plan to reach additional capital or backstop requirements – Ongoing New 1 40 0
Submit other reports upon request to the FDIC – Implementation New 10 160 0
Written contingency plan to restore compliance after reserves fall below required amount – Implementation New 10 80 0
Total burden requested under this ICR: 7434 22110 0  
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