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OMB Control No: 3064-0153	ICR Reference No: 202006-3064-001
Status: Historical Active	Previous ICR Reference No: 201911-3064-007
Agency/Subagency: FDIC	Agency Tracking No: 3064-0153
Title: Regulatory Capital Rules
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Emergency	Approval Requested By: 06/01/2020
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/02/2020
	Date Received in OIRA: 06/01/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2020	6 Months From Approved	12/31/2022
Responses	14,024	0	14,010
Time Burden (Hours)	128,140	0	128,056
Cost Burden (Dollars)	0	0	0

Abstract: This supporting statement relates to an interim final rule which revises the FDIC’s regulatory capital rule found at 12 C.F.R. part 324. State nonmember banks and state savings associations, when calculating on-balance sheet assets as of each day of a reporting quarter for purposes of determining the state nonmember bank’s or state savings association’s total leverage exposure, may exclude the balance sheet carrying value of U.S. Treasury securities and funds on deposit at a Federal Reserve Bank. Before applying this relief, state nonmember banks and state savings associations must first notify the FDIC. During the calendar quarter beginning on July 1, 2020, and until March 31, 2021, no state nonmember bank or state savings association that has opted in to this relief may make a distribution, or create an obligation to make such a distribution, without prior FDIC approval.

Emergency Justfication: In light of recent disruptions in economic conditions caused by the coronavirus disease 2019 and strains in U.S. financial markets, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (FRB), and the Federal Deposit Insurance Corporation (FDIC) (collectively, the agencies) issued an interim final rule that temporarily revises the supplementary leverage ratio calculation for depository institutions. Under the interim final rule, any depository institution subsidiary of a U.S. global systemically important bank holding company or any depository institution subject to Category II or Category III capital standards may elect to exclude temporarily U.S. Treasury securities and deposits at Federal Reserve Banks from the supplementary leverage ratio denominator. Additionally, under this interim final rule, any depository institution making this election must request approval from its primary Federal banking regulator prior to making certain capital distributions so long as the exclusion is in effect. The interim final rule is effective as June 1, 2020 and will remain in effect through March 31, 2021. The agencies adopted this interim final rule to allow depository institutions that elect to opt into this treatment additional flexibility to act as financial intermediaries during this period of financial disruption.

Authorizing Statute(s): US Code: 12 USC 1831o Name of Law: Federal Deposit Insurance Act

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 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:
	Not associated with rulemaking

Federal Register Notices & Comments
Did the Agency receive public comments on this ICR? No

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute
Annual Number of Responses	14,024	14,010	14
Annual Time Burden (Hours)	128,140	128,056	84
Annual Cost Burden (Dollars)	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: $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]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Yes

Agency Contact: Jennifer Jones 202 551-5776 jonesjen@sec.gov

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