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View ICR - OIRA Conclusion

OMB Control No: 7100-0346	ICR Reference No: 201207-7100-001
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: FRS	Agency Tracking No: Regulation QQ
Title: Reporting Requirements Associated with Regulation QQ( Resolution Plans Required)
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR: No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/02/2012
	Date Received in OIRA: 07/02/2012
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2015	36 Months From Approved
Responses	323	0	0
Time Burden (Hours)	855,304	0	0
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Change Due to New Statute
Annual Number of Responses	323	323
Annual Time Burden (Hours)	855,304	855,304
Annual Cost Burden (Dollars)	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: On April 22, 2011, the Board and the Corporation (the Agencies) published a joint notice of proposed rulemaking (NRPM) (Resolution Plans and Credit Exposure Reports Required) in the Federal Register for public comment (76 FR 22648). The comment period for the NPRM expired June 10, 2011. The Agencies collectively received 22 comment letters from a range of individuals and banking organizations, as well as industry and trade groups representing banking, insurance, and the broader financial services industry; three comments specifically addressed the paperwork burden. On November 1, 2011, the Agencies published a notice of final rulemaking in the Federal Register (76 FR 67323), addressing the remaining comments in detail. This final rule implements the resolution plan requirement set forth in section 165(d)(1) of the Dodd-Frank Act. The effective date for Regulation QQ is November 30, 2011; however, the first resolution plans would be submitted in July 2012.

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