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:
201503-7100-005
Status:
Historical Active
Previous ICR Reference No:
201311-7100-016
Agency/Subagency:
FRS
Agency Tracking No:
FR 4200
Title:
Recordkeeping and Disclosure Requirements Associated with the Capital Adequacy of Board-Related Institutions (Regulation Q)
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:
06/22/2016
Retrieve Notice of Action (NOA)
Date Received in OIRA:
06/22/2016
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
06/30/2019
36 Months From Approved
03/31/2017
Responses
7,039
0
6,959
Time Burden (Hours)
414,386
0
413,986
Cost Burden (Dollars)
0
0
0
Abstract:
Section 1831o(c) of the Federal Deposit Insurance Act requires each federal banking agency to adopt a risk-based capital requirement, which is based on the prompt corrective action framework in that section. The International Lending Supervision Act of 1984 (ILSA), (12 U.S.C. § 3907(a)(1)), mandates that each federal banking agency require banks to achieve and maintain adequate capital by establishing minimum levels of capital or by other methods that the applicable federal banking agency may deem appropriate. Section 908 of the ILSA, (12 U.S.C. §47907(b)(47)(C)), also directs the Chairman of the Federal Reserve and the Secretary of the Treasury to encourage governments, central banks, and regulatory authorities of other major banking countries to work toward maintaining and, where appropriate, strengthening the capital bases of banking institutions involved in international lending.
Authorizing Statute(s):
US Code:
12 USC 3907(a)(1)
Name of Law: International Lending Supervision Act of 1983
US Code:
12 USC 1831o(c)
Name of Law: Federal Deposit Insurance Act
US Code:
12 USC 324
Name of Law: Federal Reserve Act
US Code:
12 USC 1844(c)
Name of Law: Bank Holding Company Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
7100-AD16
Final or interim final rulemaking
79 FR 57725
09/26/2014
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
79 FR 24596
05/01/2014
30-day Notice:
Federal Register Citation:
Citation Date:
79 FR 57725
09/26/2014
Did the Agency receive public comments on this ICR?
Yes
Number of Information Collection (IC) in this ICR:
13
IC Title
Form No.
Form Name
Advanced Approach - Disclosure 217.173 (Table 13)
Advanced Approach - Disclosure – One-Time 217.173 and Tables 4, 5, 9, and 12
Advanced Approach - Disclosure – Ongoing 217.142, 171, 173, and Tables 4, 5, 9, and 12
Advanced Approach - Recordkeeping – One-Time 217.132(b)(2)(iii)(A), 132(d)(2)(iv), 132(d)(3)(vi), 132(d)(3)(viii), 132(d)(3)(ix), 132(d)(3)(x), 132(d)(3)(xi), 141, and 153
Advanced Approach - Recordkeeping – Ongoing 217.121, 122, 123, 124, 132(b)(2)(iii)(A), 132(b)(3), 132(d)(1), 132(d)(2)(iv), 132(d)(3)(ix), 132(d)(3)(xi), and 141
Disclosures (Sections 217.42 and 71)
Minimum Capital Ratios - Recordkeeping Sections 217.3(c) and 22(h)(2)(iii)(A)
Recordkeeping Prior Written Approvals (Sections 217.44 and 53)
Recordkeeping Written Implementation Plan (Sections 217.21, 22, and 23)
Standardized Approach - Disclosure – One-Time 217.42, 62, and 63
Standardized Approach - Disclosure – Ongoing 217.42, 62, 63, and Tables 1 through 10
Standardized Approach - Recordkeeping – One-Time 217.35, 37, and 41
Standardized Approach - Recordkeeping – Ongoing 217.35, 37, and 41
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
7,039
6,959
0
80
0
0
Annual Time Burden (Hours)
414,386
413,986
0
400
0
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 total annual burden for the FR 4200 is estimated to be 413,986 hours and would increase to 414,386 hours with the proposed revisions. The net increase of 400 hours is attributed to a change in the disclosure requirements implemented by Basel III.
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:
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:
06/22/2016
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