Supervisory Guidance: Internal Ratings-Based Systems for Credit Risk, Advanced Measurment Approaches for Operational Risk, and the Supervisory Review Process (Pillar 2) Related to Basel II Impl.

Forms and Documents

Document Name	Status
Pillar 2.pdf Supplementary Document	2011-09-27
1557-0242.doc Supporting Statement A	2011-09-27

IC Document Collections

IC ID	Document Title	Status
181957	Supervisory Guidance: Internal Ratings-Based Systems for Credit Risk, Advanced Measurment Approaches for Operational Risk, and the Supervisory Review Process (Pillar 2) Related to Basel II Impl.	Modified

ICR Details

OMB Control No: 1557-0242	ICR Reference No: 201103-1557-002
Status: Historical Active	Previous ICR Reference No: 200709-1557-005
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Supervisory Guidance: Internal Ratings-Based Systems for Credit Risk, Advanced Measurment Approaches for Operational Risk, and the Supervisory Review Process (Pillar 2) Related to Basel II Impl.
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 09/27/2011
	Date Received in OIRA: 08/17/2011
Terms of Clearance: Modifications made to the supporting statement regarding confidentiality of information collection.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2014	36 Months From Approved	09/30/2011
Responses	51	0	52
Time Burden (Hours)	7,140	0	7,280
Cost Burden (Dollars)	0	0	0

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Abstract: The agencies published guidance regarding the supervisory review process for capital adequacy (Pillar 2) provided in the Basel II advanced approaches final rule. The supervisory review process described in the guidance outlines the agencies' expectations for (i) satisfying the qualification requirements provided in the advanced approaches final rule; (ii) addressing the limitations of the minimum risk-based capital requirements for credit risk and operational risk; (iii) ensuring that each institution has a rigorous process for assessing its overall capital adequacy in relation to its risk profile and a comprehensive strategy for maintaining appropriate capital levels; and (iv) encouraging each institution to improve its risk identification and measurement techniques. The supervisory guidance applies to an institution implementing the advanced approaches final rule. On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act, P.L. 111-203, 124 Stat. 1376 (2020)(Dodd-Frank Act) was enacted. As part of the comprehensive package of financial regulatory reform measures enacted, Title III of the Dodd-Frank Act transfers the powers, authorities, rights and duties of the Office of Thrift Supervision to other banking agencies, including the OCC, on the "transfer date." The transfer date is July 21, 2011. The Dodd-Frank Act also abolishes the OTS ninety days after the transfer date. As a result of the Dodd-Frank Act, OCC is now including the thrift institutions it regulates in its burden estimates.

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Authorizing Statute(s): US Code: 12 USC 1 et seq. Name of Law: National Bank Act
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 312 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 22450	04/21/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 51123	08/17/2011
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Supervisory Guidance: Internal Ratings-Based Systems for Credit Risk, Advanced Measurment Approaches for Operational Risk, and the Supervisory Review Process (Pillar 2) Related to Basel II Impl.

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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	51	52	3	0	-4	0
Annual Time Burden (Hours)	7,140	7,280	420	0	-560	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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 number of national banks has decreased since our last submission. This submission reflects this decrease (4) and an increase (3) due to the addition of thrift institutions, resulting in an overall decrease.

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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]? No

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

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

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: 08/17/2011

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