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:
3064-0197
ICR Reference No:
201911-3064-010
Status:
Historical Active
Previous ICR Reference No:
201905-3064-004
Agency/Subagency:
FDIC
Agency Tracking No:
3064-0197
Title:
Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring (LCR)
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
01/22/2020
Retrieve Notice of Action (NOA)
Date Received in OIRA:
11/27/2019
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
01/31/2023
36 Months From Approved
04/30/2021
Responses
40
0
40
Time Burden (Hours)
497
0
249
Cost Burden (Dollars)
0
0
0
Abstract:
The Liquidity Coverage Ratio (LCR) rule implements a quantitative liquidity requirement and contains requirements subject to the Paperwork Reduction Act. The reporting and recordkeeping requirements are found in Sections 329.22 and 329.40. The requirements contained in the LCR rule are designed to promote the short-term resilience of the liquidity risk profile of large and internationally active banking organizations, thereby improving the banking sector’s ability to absorb shocks arising from financial and economic stress, and to further improve the measurement and management of liquidity risk. The final rule revises the criteria for determining the applicability of liquidity requirements for large U.S. banking organizations and the U.S. intermediate holding companies of certain foreign banking organizations. The final rule establishes four risk-based categories for determining the applicability of requirements under the agencies’ LCR rule. Under the final rule, such requirements increase in stringency based on measures of size, cross-jurisdictional activity, weighted short-term wholesale funding, nonbank assets, and off-balance sheet exposure. The final rule applies tailored liquidity requirements to depository institution holding companies and U.S. intermediate holding companies with $100 billion or more in total consolidated assets as well as to certain depository institutions. In particular, the final rule revises Sections 329.1, .3, .10, .30, and .50 of the FDIC’s LCR rule.
Authorizing Statute(s):
US Code:
12 USC 1815
Name of Law: Federal Deposit Insurance Act
US Code:
12 USC 1816
Name of Law: Federal Deposit Insurance Act
US Code:
12 USC 1819
Name of Law: Federal Deposit Insurance Act
US Code:
12 USC 1828
Name of Law: Federal Deposit Insurance Act
US Code:
12 USC 1831p-1
Name of Law: Federal Deposit Insurance Act
PL:
Pub.L. 115 - 17 401
Name of Law: Economic Growth, Regulatory Relief, and Consumer Protection Act
US Code:
12 USC 5412
Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
US Code:
12 USC 1818
Name of Law: Federal Deposit Insurance Act
US Code:
12 USC 5365
Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
Citations for New Statutory Requirements:
US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
PL: Pub.L. 115 - 174 401 Name of Law: Economic Growth, Regulatory Relief, and Consumer Protection Act
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
3064-AE96
Final or interim final rulemaking
84 FR 59230
11/01/2019
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
6
IC Title
Form No.
Form Name
Section 329.108(b) - NSFR consolidation procedures
Section 329.110(a) - NSFR shortfall notification
Section 329.110(b) - NSFR liquidity plan for achieving compliance
Section 329.110(b) - NSFR shortfall liquidity plan
Section 329.110(b)(3) - NSFR report of progress toward achieving compliance
Section 329.22(a)(2) Policies that require eligible HQLA to be under control of liquidity risk management function
Section 329.22(a)(5) Documented methodology providing consistent treatment for determining whether eligible HQLA meets operational requirements
Section 329.40(a) Notification that liquidity coverage ratio is less than minimum in § 329.10
Section 329.40(b) Notification that liquidity coverage ratio is less than minimum in § 329.10 for 3 consecutive days or otherwise noncompliant
Section 329.40(b) Plan for achieving compliance
Section 329.40(b)(3)(iv) Weekly report of progress toward achieving compliance
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
40
40
0
0
0
0
Annual Time Burden (Hours)
497
249
248
0
0
0
Annual Cost Burden (Dollars)
0
0
0
0
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:
Annual Cost to Federal Government:
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]?
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:
Jennifer Jones 202 551-5776 jonesjen@sec.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:
11/27/2019
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