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View ICR - Agency Submission
COMMENT
Time Remaining
Days
HR
Min
Sec
OMB Control No:
ICR Reference No:
202604-3064-002
Status:
Received in OIRA
Previous ICR Reference No:
Agency/Subagency:
FDIC
Agency Tracking No:
3064-AG19
Title:
Requirements and Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers and Insured Depository Institutions
Type of Information Collection:
New collection (Request for a new OMB Control Number)
Common Form ICR:
No
Type of Review Request:
Regular
Date Submitted to OIRA:
04/10/2026
Requested
Previously Approved
Expiration Date
36 Months From Approved
Responses
7,434
0
Time Burden (Hours)
22,110
0
Cost Burden (Dollars)
0
0
Abstract:
Requirements and Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers and Insured Depository Institutions
Authorizing Statute(s):
US Code:
12 USC 5901-5916
Name of Law: Guiding and Establishing National Innovation for U.S. Stablecoins Act
Citations for New Statutory Requirements:
US Code: 12 USC 5901-5916 Name of Law: Guiding and Establishing National Innovation for U.S. Stablecoins Act
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
3064-AG19
Proposed rulemaking
91 FR 18534
04/10/2026
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
91 FR 18534
04/10/2026
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
58
IC Title
Form No.
Form Name
Require the CEO and CFO to submit to the FDIC a certification of accuracy – Implementation
Audits for large PPSIs, annual financial statement – Implementation
Audits for large PPSIs, annual financial statement – Ongoing
Audits for large PPSIs, statements made publicly available – Implementation
Audits for large PPSIs, submission to the FDIC – Implementation
Audits for large PPSIs, submission to the FDIC – Ongoing
Certify AML/CFT and sanctions program – Ongoing
Certify AML/CFT and sanctions programs program – Implementation
Confidential weekly report to the FDIC – Implementation
Demonstrate the capability to access and monetize identifiable reserve assets – Implementation
Demonstrate the capability to access and monetize the identifiable reserve assets – Ongoing
Establish a redemption policy – Implementation
Establish a redemption policy – Ongoing
Implement written policies, procedures, and internal controls that are adequate to comply with applicable law – Implementation
Internal auditing system – Implementation
Internal auditing system – Ongoing
Late filing of Audits – Implementation
Late filing of Audits – Ongoing
Maintain a written contingency plan to restore compliance after reserves sink below required amount – Ongoing
Maintain records identifying separate reserves and calculate the fair value of reserve assets – Implementation
Maintain records identifying separate reserves as and calculating the fair value of reserve assets – Ongoing
Maintain written policies, procedures, and internal controls that are adequate to comply with applicable law – Ongoing
Notify FDIC if PPSI fails to meet capital or backstop requirements at the end of a quarter – Implementation
Notify FDIC if PPSI fails to meet capital or backstop requirements at the end of a quarter – Ongoing
Notify customers when there is an unauthorized access incident – Ongoing
Notify the FDIC if the PPSI determines to take action that would result in the orderly redemptions of all outstanding stablecoins – Implementation
Notify the FDIC if the PPSI determines to take action that would result in the orderly redemptions of all outstanding stablecoins – Ongoing
Notify the FDIC in writing when identifiable reserves become less than the required amount – Implementation
Notify the FDIC in writing when identifiable reserves become less than the required amount – Ongoing
Optional response to the FDIC in writing – Implementation
Optional response to the FDIC in writing – Ongoing
Other reports to be submitted upon FDIC request – Ongoing
Program to notify customers if there is an unauthorized access incident – Implementation
Program to notify customers if there is an unauthorized access incident – Implementation
Program to notify customers when there is an unauthorized access incident – Ongoing
Provide AML certification to the FDIC – Implementation
Provide AML/CFT and sanctions programs certification to the FDIC – Ongoing
Provide confidential weekly report to the FDIC – Ongoing
Provide notice to the FDIC when the PPSI is experiencing a significant redemption request – Implementation
Provide notice to the FDIC when the PPSI is experiencing a significant redemption request – Ongoing
Provide quarterly reports of financial condition to the FDIC – Ongoing
Provide quarterly reports of financial condition – Implementation
Public Audits for large PPSIs, statements made publicly available – Ongoing
Publicly disclose a redemption policy – Implementation
Publicly disclose certain information relating to the PPSI, the payment stablecoin, and fees – Implementation
Publicly disclose certain information relating to the PPSI, the payment stablecoin, and fees – Ongoing
Publicly disclose redemption policy – Ongoing
Publish a monthly report on reserve composition monthly – Implementation
Publish a monthly report on reserve composition – Ongoing
Publish a registered public accounting firm's examination report to their website monthly – Ongoing
Publish a registered public accounting firm's examination report to website monthly – Implementation
Require service providers by contract to implement appropriate measures – Implementation
Require service providers by contract to implement appropriate measures – Ongoing
Require the CEO and CFO to submit to the FDIC a certification of accuracy – Ongoing
Submission of a plan to reach additional capital or backstop requirements – Implementation
Submission of a plan to reach additional capital or backstop requirements – Ongoing
Submit other reports upon request to the FDIC – Implementation
Written contingency plan to restore compliance after reserves fall below required amount – Implementation
ICR Summary of Burden
Total Request
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
7,434
0
0
7,434
0
0
Annual Time Burden (Hours)
22,110
0
0
22,110
0
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Changing Regulations
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
The FDIC is requesting approval from the Office of Management and Budget to establish a new information collection contained in a notice of proposed rulemaking on “GENIUS Act Requirements and Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers and Insured Depository Institutions.” The proposal seeks to impose recordkeeping, reporting, and disclosure requirements under the Paperwork Reduction Act for FDIC-supervised permitted payment stablecoin issuers and insured depository institutions. As a result, the FDIC is requesting approval from the OMB and asks that the OMB assign an OMB control number.
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:
Michelle Mire 202 898-7377 mmire@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:
04/10/2026
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