Risk-Based Capital Standards: Advanced Capital Adequacy Framework

Forms and Documents

Document	Type	Status	Availability
BaselII.NPRM.20060928.omb.doc	Supporting Statement A	Uploaded 2006-09-28	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
45365	Disclosures		New
45364	Prior Written Approvals		New
45363	Written Implementation Plan		New

ICR Details

OMB Control No: 7100-0313	ICR Reference No: 200609-7100-009
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: FRS	Agency Tracking No: FR 4200
Title: Risk-Based Capital Standards: Advanced Capital Adequacy Framework
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/28/2006
	Date Received in OIRA: 09/28/2006
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2009	36 Months From Approved
Responses	90	0	0
Time Burden (Hours)	216,330	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: This information collection requires certain large or internationally active banks and bank holding companies to adopt and update a written implementation plan for Basel II, to obtain prior written approvals for the use of certain approaches for determining risk-weighted assets, and to make disclosures for their capital ratios, their components and implicit support provided to a securitization. This collection of information is necessary to ensure that Basel II is implemented in the United States in a safe and sound manner.

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Authorizing Statute(s): US Code: 12 USC 324 Name of Law: Federal Reserve Act
   US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
7100-AC88	Proposed rulemaking	71 FR 55830	09/25/2006

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Written Implementation Plan
Disclosures
Prior Written Approvals

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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	90	0	0	90	0	0
Annual Time Burden (Hours)	216,330	0	0	216,330	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 Federal Deposit Insurance Act and the International Lending Supervision Act require the Federal Reserve to have risk-based capital requirements and to ensure banks maintain adequate capital. The Federal Reserve has worked together with the other financial institution regulators to develop a new risk-based capital framework (Basel II) for large internationally active banks and bank holding companies that is more risk-sensitive than the existing rules. This collection of information is necessary to assure that the new framework is implemented in the United States in a safe and sound manner.

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Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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: 09/28/2006

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