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OMB Control No: 1557-0234	ICR Reference No: 201206-1557-001
Status: Historical Inactive	Previous ICR Reference No: 201108-1557-011
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Basel III
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 02/06/2013
	Date Received in OIRA: 08/30/2012
Terms of Clearance: OMB files this comment in accordance with 5 CFR 1320.11( c ). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). In accordance with 5 CFR 1320, OMB is withholding approval at this time. The agency shall examine public comment in response to the NPRM and will describe in the preamble of the final rule how the agency has maximized the practical utility of the collection and minimized the burden. The next submission to OMB must include the draft final rule.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2013	36 Months From Approved	03/31/2013
Responses	1,251	0	1,251
Time Burden (Hours)	821,640	0	821,640
Cost Burden (Dollars)	0	0	0

Abstract: The OCC, FRB, and FDIC have issued three notices of proposed rulemaking that would revise and replace their capital rules. The first (Basel III NPR 1) would revise their risk-based and leverage capital requirements consistent with agreements reached by the Basel Committee on Banking Supervision (BCBS)in Basel III - A Global Regulatory Framework for More Resilient Banks and Banking Systems. The second (Basel III NPR 2) would revise and harmonize their rules for calculating risk-weighted assets to enhance risk sensitivity and address weaknesses identified in recent years. The last (Basel III NPR 3) would revise the advanced approaches risk-based capital rules consistent with Basel III and other changes to the BCBS's capital standards.

Authorizing Statute(s): US Code: 12 USC 1 et seq. Name of Law: National Bank Act
US Code: 12 USC 1461 et seq. Name of Law: The Homeowners Loan Act

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 124 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1557-AD46	Proposed rulemaking	77 FR 52792	08/30/2012

Federal Register Notices & Comments
Did the Agency receive public comments on this ICR? No

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: The qualification process/requirements and ongoing qualification for Basel III and Basel II are substantially the same. The significantly higher estimates for Basel II are due to the fact that, at the time the rule was adopted, banks had to create from scratch a system of rating every exposure. In addition, the OCC had no experience with assisting them and providing clear expectations. With Basel III, five years later, few banks are coming in. Banks coming now in have an easier time coming up to speed, as we are able to assist them better and provide a clear set of expectations. Therefore, the replacement of the Basel II qualification process/requirements and ongoing qualification with that of Basel III resulted in an adjustment of -751,325 hours. The addition of the regulatory capital and standardized approach provisions resulted in a program increase (agency discretion) of +124,704 hours. This results in an overall decrease in burden of -626,621.50 hours.

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 [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Ron Shimabukuro 202 874-5090 ron.shimabukuro@occ.treas.gov

View ICR - OIRA Conclusion