Market Risk Capital Requirements

Forms and Documents

Document Name	Status
market risk spst.doc Supporting Statement A	2006-10-24

IC Document Collections

IC ID	Document Title	Status
45796	Approval of Disclosure Policy	New
45795	Prior Written Approval for Incremental Default Risk	New
45794	Requirements for Specific Risk Modeling	New
45793	Policies and procedures for actively managing covered positions	New
45792	Policies and Procedures for Trading Positions	New

ICR Details

OMB Control No: 3064-0154	ICR Reference No: 200610-3064-003
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: FDIC	Agency Tracking No:
Title: Market Risk Capital Requirements
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Preapproved	Conclusion Date: 12/21/2006
	Date Received in OIRA: 10/24/2006
Terms of Clearance: "Preapproved" because the collection is dictated by a proposed rule. This ICR was submitted 30 days after the publication of the proposed rule. That is too long a delay and should be avoided in the future.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2009	36 Months From Approved
Responses	10	0	0
Time Burden (Hours)	1,360	0	0
Cost Burden (Dollars)	136,000	0	0

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Abstract: This collection is based on the June 2004 Basel Committee of Banking Supervision’s final paper “International Convergence of Capital Measurement and Capital Standards: A Revised Framework.” This framework recognizes developments in financial products, incorporates advances in risk measurement and management practices, and assesses capital requirements that are generally more sensitive to risk.

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Authorizing Statute(s): US Code: 12 USC 1815(a) Name of Law: Federal Deposit Insurance Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3064-AD10	Proposed rulemaking	71 FR 55958	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: 5

IC Title	Form No.	Form Name
Policies and procedures for actively managing covered positions
Prior Written Approval for Incremental Default Risk
Approval of Disclosure Policy
Requirements for Specific Risk Modeling
Policies and Procedures for Trading Positions

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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	10	0	0	10	0	0
Annual Time Burden (Hours)	1,360	0	0	1,360	0	0
Annual Cost Burden (Dollars)	136,000	0	0	136,000	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: This is a new information collection. Therefore, the entire increase in burden in this ICR is a program change.

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Annual Cost to Federal Government: $0

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: 10/24/2006

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