Risk-Based Capital Guidelines: Market Risk

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
FR4201_20121231_omb.pdf	Supporting Statement A	Uploaded 2012-12-31	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
45368	Prior Written Approvals - Reporting		Modified
204387	Qualitative - Disclosure		New
204386	Quantitative - Disclosure		New
204385	Disclosure Policy - Recordkeeping		New
204384	Securitizations - Recordkeeping		New
204383	Backtesting and Stress Testing - Recordkeeping		New
204382	Backtesting - Recordkeeping		New
204381	Internal Models - Recordkeeping		New
204380	Trading and Hedging Strategy - Recordkeeping		New
204379	Policies and Procedures - Recordkeeping		New

ICR Details

OMB Control No: 7100-0314	ICR Reference No: 201210-7100-002
Status: Historical Active	Previous ICR Reference No: 200609-7100-011
Agency/Subagency: FRS	Agency Tracking No: FR 4201
Title: Risk-Based Capital Guidelines: Market Risk
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/31/2012
Retrieve Notice of Action (NOA)	Date Received in OIRA: 12/31/2012
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2015	36 Months From Approved
Responses	494	0	0
Time Burden (Hours)	51,064	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Federal Reserve), and the Federal Deposit Insurance Corporation (FDIC) (the agencies) published a joint final rule (77 FR 53060) on August 30, 2012, to revise the market risk capital rule, which was effective January 1, 1997. This final rule would revise the market risk capital rule to better capture positions for which the market risk capital rule is appropriate, reduce procyclicality, enhance the rule's sensitivity to risks that are not adequately captured under the current methodologies, and increase transparency through enhanced disclosures. The final rule does not include all of the methodologies adopted by the Basel Committee on Banking Supervision (BCBS) for calculating the standardized specific risk capital requirements for debt and securitization positions due to their reliance on credit ratings, which is impermissible under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Instead, the final rule includes alternative methodologies for calculating standardized specific risk capital requirements for debt and securitization positions. The final rule is effective on January 1, 2013.

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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
   US Code: 5 USC 552(b)(8) Name of Law: Freedom of Information
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
7100-AD61	Final or interim final rulemaking	77 FR 53060	08/30/2012

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 1890	01/11/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 53060	08/30/2012
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 10

table that charts list of burden

IC Title	Form No.	Form Name
Backtesting - Recordkeeping
Backtesting and Stress Testing - Recordkeeping
Disclosure Policy - Recordkeeping
Internal Models - Recordkeeping
Policies and Procedures - Recordkeeping
Prior Written Approvals - Reporting
Qualitative - Disclosure
Quantitative - Disclosure
Securitizations - Recordkeeping
Trading and Hedging Strategy - Recordkeeping

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ICR Summary of Burden

table that charts list 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	494	0	0	494	0	0
Annual Time Burden (Hours)	51,064	0	0	51,064	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 burden increase is due to the reinstatement of the Risk-Based Capital Guidelines: Market Risk (FR 4201). The Office of the Comptroller of the Currency, the Federal Reserve, and the Federal Deposit Insurance Corporation published a final rule on August 30, 2012, which included several reporting, recordkeeping, and disclosure requirements.

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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]? 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: 12/31/2012

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