View Information Collection Request (ICR) Package
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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:
7100-0313
ICR Reference No:
201311-7100-016
Status:
Historical Active
Previous ICR Reference No:
200907-7100-010
Agency/Subagency:
FRS
Agency Tracking No:
FR 4200 (BASEL III / R-1442)
Title:
Risk-Based Capital Standards: Advanced Capital Adequacy Framework Information Collection
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Delegated
OIRA Conclusion Action:
Approved without change
Conclusion Date:
03/31/2014
Retrieve Notice of Action (NOA)
Date Received in OIRA:
03/31/2014
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
03/31/2017
36 Months From Approved
03/31/2014
Responses
6,959
0
101
Time Burden (Hours)
413,986
0
113,793
Cost Burden (Dollars)
0
0
0
Abstract:
The Federal Reserve is adopting a final rule that revises its risk-based and leverage capital requirements for banking organizations. The final rule implements a revised definition of regulatory capital, a new common equity tier 1 minimum capital requirement, a higher minimum tier 1 capital requirement, and, for banking organizations subject to the advanced approaches risk-based capital rules, a supplementary leverage ratio that incorporates a broader set of exposures in the denominator. The final rule incorporates these new requirements into the agencies' prompt corrective action framework. In addition, the final rule establishes limits on a banking organization's capital distributions and certain discretionary bonus payments if the banking organization does not hold a specified amount of common equity tier 1 capital in addition to the amount necessary to meet its minimum risk-based capital requirements. Further, the final rule amends the methodologies for determining risk-weighted assets for all banking organizations, and introduces disclosure requirements that would apply to top-tier banking organizations domiciled in the United States with $50 billion or more in total assets. The final rule also adopts changes to the agencies' regulatory capital requirements that meet the requirements of section 171 and section 939A of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Authorizing Statute(s):
US Code:
12 USC 3907(a)(1)
Name of Law: International Lending Supervision Act of 1983
US Code:
12 USC 324
Name of Law: Federal Reserve Act
US Code:
12 USC 1844(c)
Name of Law: Bank Holding Company Act
US Code:
12 USC 1831o(c)
Name of Law: Federal Deposit Insurance Act
Citations for New Statutory Requirements:
PL: Pub.L. 111 - 203 1376 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
PL: Pub.L. 111 - 124 1435–38 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
7100-AD87
Final or interim final rulemaking
78 FR 62018
10/11/2013
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
77 FR 52987
08/30/2012
30-day Notice:
Federal Register Citation:
Citation Date:
78 FR 62018
10/11/2013
Did the Agency receive public comments on this ICR?
Yes
Number of Information Collection (IC) in this ICR:
12
IC Title
Form No.
Form Name
Advanced Approach (One-time Disclosure)
Advanced Approach (One-time Recordkeeping)
Advanced Approach (One-time Recordkeeping) - (Old Prior Written Approvals)
Advanced Approach (Ongoing Disclosure)
Advanced Approach (Ongoing Disclosures) - (Old Disclosures)
Advanced Approach (Ongoing Recordkeeping)
Advanced Approach (Ongoing Recordkeeping) (Old Written Implementation Plan)
Minimum Capital Ratios (Ongoing Recordkeeping)
Standardized Approach (One-time Disclosure)
Standardized Approach (One-time Recordkeeping)
Standardized Approach (Ongoing Disclosure)
Standardized Approach (Ongoing Recordkeeping)
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
6,959
101
0
6,848
10
0
Annual Time Burden (Hours)
413,986
113,793
0
397,316
-97,123
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Changing Regulations
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
The net increase of 300,193 hours is attributed to a change in the: 1) estimated number of respondents subject to Basel III, 2) the number of record-keeping and disclosure requirements implemented by Basel III, and 3) estimated average hours per response for each requirement.
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]?
Yes
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:
John Schmidt 202-728-5859 john.schmidt@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:
03/31/2014
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