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View ICR - OIRA Conclusion

OMB Control No: 7100-0314	ICR Reference No: 201908-7100-008
Status: Historical Active	Previous ICR Reference No: 201608-7100-018
Agency/Subagency: FRS	Agency Tracking No: FR 4201
Title: Market Risk Capital Rule
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: 10/01/2019
Retrieve Notice of Action (NOA)	Date Received in OIRA: 10/01/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2022	36 Months From Approved	12/31/2019
Responses	340	0	684
Time Burden (Hours)	13,148	0	70,704
Cost Burden (Dollars)	0	0	0

Authorizing Statute(s): US Code: 12 USC 324 Name of Law: Federal Reserve Act
   US Code: 12 USC 248(a) Name of Law: Federal Reserve Act
   US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 3106(a) Name of Law: International Banking Act of 1978
   US Code: 12 USC 1467a(b)(2) and (g) Name of Law: Home Owners’ Loan Act

Citations for New Statutory Requirements: None

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	340	684	-344
Annual Time Burden (Hours)	13,148	70,704	-57,556
Annual Cost Burden (Dollars)	0	0	0

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

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimated total annual burden for the FR 4201 is 70,704 hours, and would decrease to 13,148 hours with the adopted revisions. The decrease in burden results primarily from a decrease in the estimated number of respondents for the prior written approvals required by sections 217.203, .204, .206, .208, and .209 of the market risk rule. The Board believes that few, if any, additional entities will request such prior approvals in the next three years. Additionally, a number of provisions of the market risk rule that were previously included as information collections in FR 4201 have been omitted from this proposal, as they are not collections of information under the PRA.

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. 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: Kaitlin Merritt 202 452-3752 kaitlin.m.merritt@frb.gov