Annual Daylight Overdraft Capital Report for U.S. Branches and Agencies of Foreign Banks

ICR 201012-7100-013

OMB: 7100-0216

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Justification for No Material/Nonsubstantive Change
2010-12-28
IC Document Collections
ICR Details
7100-0216 201012-7100-013
Historical Active 200712-7100-003
FRS FR 2225
Annual Daylight Overdraft Capital Report for U.S. Branches and Agencies of Foreign Banks
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 01/14/2011
Retrieve Notice of Action (NOA) 01/14/2011
  Inventory as of this Action Requested Previously Approved
03/31/2011 03/31/2011 03/31/2011
45 0 54
45 0 54
0 0 0

The FR 2225 was implemented in March 1986 as part of the procedures used to administer the Federal Reserve's Payments System Risk (PSR) policy. A key component of the PSR policy is a limit, or a net debit cap, on an institution’s negative intraday balance in its Reserve Bank account. The Federal Reserve calculates an institution’s net debit cap by applying the multiple associated with the net debit cap category to the institution’s capital. For foreign banking organizations (FBOs), a percentage of the FBO’s capital measure, known as the U.S. capital equivalency, is used to calculate the FBO’s net debit cap. The FR 2225 reporting form collects information needed to identify the respondent and its fiscal year end and to determine its capital and assets for purposes of daylight overdraft monitoring.

US Code: 12 USC 248(i), 248-1, and 464 Name of Law: Federal Reserve Act
  
None

Not associated with rulemaking

  72 FR 72725 12/21/2007
73 FR 11116 02/29/2008
No

  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 45 54 0 0 -9 0
Annual Time Burden (Hours) 45 54 0 0 -9 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The decrease in burden is due to an decrease in the number of respondents.

$0
No
No
No
No
No
Uncollected
Nicole Padar 202-530-6294 [email protected]

  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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
01/14/2011


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