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:
1557-0247
ICR Reference No:
202311-1557-002
Status:
Historical Inactive
Previous ICR Reference No:
202205-1557-005
Agency/Subagency:
TREAS/OCC
Agency Tracking No:
Title:
Risk-Based Capital Guidelines: Market Risk
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:
12/28/2023
Retrieve Notice of Action (NOA)
Date Received in OIRA:
11/22/2023
Terms of Clearance:
OIRA will review the ICR again upon finalization of the rule.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
07/31/2025
36 Months From Approved
09/30/2025
Responses
19
0
19
Time Burden (Hours)
37,316
0
37,316
Cost Burden (Dollars)
0
0
0
Abstract:
The OCC's market risk capital rules capture positions for which the market risk capital rules are appropriate; reduce procyclicality in market risk capital requirements; enhance the rules’ sensitivity to risks that are not adequately captured under the current regulatory measurement methodologies; and increase transparency through enhanced disclosures.
Authorizing Statute(s):
US Code:
12 USC 1 et seq.
Name of Law: National Bank Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
1557-AE78
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
Market Risk
Prior Approval reporting burdens under part 3, subpart F (Market Risk and Credit Valuation Adjustment)
Section 3.203(a)(1): Market risk policies and procedures (Recordkeeping)
Section 3.203(a)(2): Market risk trading and hedging strategies (Recordkeeping)
Section 3.203(b)(2): Trading desk policies (Recordkeeping)
Section 3.203(e)(1): Internal market risk management systems (Recordkeeping)
Section 3.203(e)(3): Internal audit function (Recordkeeping)
Section 3.203(f): Prudent valuation process (Recordkeeping)
Section 3.203(g): Capital adequacy assessment (Recordkeeping)
Section 3.203(h)(2)(i): General recordkeeping (quarterly) (Recordkeeping)
Section 3.203(h)(2)(ii): Securitization data (Recordkeeping)
Section 3.213: Profit and loss attribution (PLA) testing and backtesting (Recordkeeping)
Section 3.214(b)(7)(v): Weekly risk factor updates (Recordkeeping)
Section 3.217(c): Reporting and disclosure policy (Recordkeeping)
Section 3.217(d): Proprietary confidential information (Disclosure)
Section 3.217(e): Location (Disclosure)
Section 3.217(f)(2): Annual public disclosures (Disclosure)
Section 3.220(b): CVA hedging policy (Recordkeeping)
Section 3.223(b)(10): Historical market data (Recordkeeping)
Section 3.224(d)(3)(ii): Mapping demonstration (Reporting)
Sections 3.203(c), 3.203(h), 3.208(h)(1)(ii)(B), and 3.214(b)(7)(iv), (vi), & (vii): Demonstrations of compliance (Recordkeeping)
Sections 3.203(i) and 3.205(h): General recordkeeping (annual) (Recordkeeping)
Sections 3.204(g)(1)(iii), 3.212(b)(2), and 3.212(c): Model related prior approvals (Reporting)
Sections 3.217(f)(1) and (f)(3): Quarterly public disclosures (Disclosure)
Sections 3.223(b)(4), (7), and (9): CVA model validation process (Recordkeeping)
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:
The NPR modifies the reporting, recordkeeping, and disclosure requirements of the regulatory capital rules by adding new requirements and revising existing reporting, recordkeeping, and disclosure requirements. As a result, there is an increase in burden hours of 89,938 hours.
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]?
No
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:
Kevin korzeniewski 202 874-4628
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:
11/22/2023
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