View Information Collection Request (ICR) Package
Skip to main content
An official website of the United States government
The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.
The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Search:
Agenda
Reg Review
ICR
This script is used to control the display of information in this page.
Display additional information by clicking on the following:
All
Brief and OIRA conclusion
Abstract/Justification
Legal Statutes
Rulemaking
FR Notices/Comments
IC List
Burden
Misc.
Common Form Info.
Certification
View Information Collection (IC) List
View Supporting Statement and Other Documents
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:
3064-0178
ICR Reference No:
202309-3064-002
Status:
Historical Inactive
Previous ICR Reference No:
202204-3064-003
Agency/Subagency:
FDIC
Agency Tracking No:
3064-0178
Title:
Market Risk Capital Requirements
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Comment filed on proposed rule and continue
Conclusion Date:
10/20/2023
Retrieve Notice of Action (NOA)
Date Received in OIRA:
09/18/2023
Terms of Clearance:
OIRA will review the submission again upon finalization of the rule.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
08/31/2025
36 Months From Approved
12/31/2025
Responses
130
0
130
Time Burden (Hours)
4,460
0
4,460
Cost Burden (Dollars)
0
0
0
Abstract:
The FDIC’s market risk capital rules (12 CFR part 324, subpart F) establish risk-based capital requirements for FDIC-supervised institutions with significant exposure to market risk, provides methods for these FDIC-supervised institutions to calculate their standardized measure for market risk and, if applicable, advanced measure for market risk, and establishes public disclosure requirements.
Authorizing Statute(s):
US Code:
12 USC 1815(a)
Name of Law: Federal Deposit Insurance Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
3064-AF29
Proposed rulemaking
88 FR 64028
09/18/2023
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
24
IC Title
Form No.
Form Name
Prior approval reporting burdens under part 324, subpart F (Market Risk and Credit Valuation Adjustment)
Section 324.203(a)(1): Market risk policies and procedures
Section 324.203(a)(2): Hedging strategies
Section 324.203(b)(2): Trading desk policies
Section 324.203(e)(1): Internal market risk management systems
Section 324.203(e)(3): Internal audit function
Section 324.203(f): Prudent valuation process
Section 324.203(g): Capital adequacy assessment
Section 324.203(h)(2)(ii): Securitization data
Section 324.214(b)(7)(v): Weekly risk factor updates
Section 324.217(c): Reporting and disclosure policy
Section 324.217(d): Proprietary confidential information
Section 324.217(e): Location
Section 324.217(f)(1) and (f)(3): Quarterly public disclosures
Section 324.217(f)(2): Annual public disclosures
Section 324.220(b): CVA hedging policy
Section 324.223(b)(10): Historical market data
Section 324.223(b)(4), (7), and (9): CVA model validation policy
Section 324.224(d)(3)(ii): Mapping
Sections 324.203(c), 324.203(h), 324.208(h)(1)(ii)(B), and 324.214(b)(7): Demonstrations of compliance
Sections 324.203(h)(2)(i): General recordkeeping
Sections 324.203(i) and 324.205(h): General recordkeeping
Sections 324.204(g)(1)(iii), 324.212(b)(2), and 324.212(c): Model related prior approvals
Sections 324.213(a) and 324.213(b): PLA Testing and backtesting
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?
No
Agency Contact:
Manuel Cabeza 202 898-3781 mcabeza@fdic.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:
09/18/2023
An official website of the United States government
The .gov means it's official.
The site is secure.
