Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation YY (Enhanced Prudential Standards)

Forms and Documents

Document Name	Status
RegYY_SubpartH_20121115_omb.pdf Supporting Statement A	2012-11-15

IC Document Collections

IC ID	Document Title	Status
204843	Subpart H - Ongoing Reporting - Section 252.156	New
204842	Subpart H - Initial Reporting - Section 252.156	New
204841	Subpart H - Ongoing Recordkeeping - Section 252.155c	New
204840	Subpart H - Initial Recordkeeping - Section 252.155c	New
204830	Subpart G - Ongoing Disclosure - Section 252.148	Unchanged
204829	Subpart G - Initial Disclosure - Section 252.148	Unchanged
204828	Subpart G - Ongoing Recordkeeping - Section 252.146c1	Unchanged
204827	Subpart G - Initial Recordkeeping - Section 252.146c1	Unchanged

ICR Details

OMB Control No: 7100-0350	ICR Reference No: 201211-7100-003
Status: Historical Active	Previous ICR Reference No: 201211-7100-002
Agency/Subagency: FRS	Agency Tracking No: Reg YY
Title: Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation YY (Enhanced Prudential Standards)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/15/2012
	Date Received in OIRA: 11/15/2012
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2015	36 Months From Approved	11/30/2015
Responses	414	0	204
Time Burden (Hours)	59,320	0	29,920
Cost Burden (Dollars)	0	0	0

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Abstract: The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) requires the Federal Reserve to issue regulations that require financial companies with total consolidated assets of more than $10 billion and for which the Federal Reserve is the primary federal financial regulatory agency to conduct stress tests on an annual basis. On January 5, 2012, the Federal Reserve published a notice of proposed rulemaking in the Federal Register for public comment (77 FR 594). The comment period expired on April 30, 2012. On October 12, 2012, the Federal Reserve published a notice of final rulemaking in the Federal Register (77 FR 62396). The final rule is effective on November 15, 2012.

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Authorizing Statute(s): US Code: 12 USC 5366 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 5 USC 552(b)(4) Name of Law: Freedom of Information Act
   US Code: 5 USC 552(b)(8) Name of Law: Freedom of Information Act
   US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 124 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:
7100-AD86	Final or interim final rulemaking	77 FR 62396	10/12/2012

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 594	01/05/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 62396	10/12/2012
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 8

IC Title	Form No.	Form Name
Subpart G - Initial Recordkeeping - Section 252.146c1
Subpart G - Ongoing Recordkeeping - Section 252.146c1
Subpart G - Initial Disclosure - Section 252.148
Subpart G - Ongoing Disclosure - Section 252.148
Subpart H - Initial Recordkeeping - Section 252.155c
Subpart H - Ongoing Recordkeeping - Section 252.155c
Subpart H - Initial Reporting - Section 252.156
Subpart H - Ongoing Reporting - Section 252.156

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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	414	204	210	0	0	0
Annual Time Burden (Hours)	59,320	29,920	29,400	0	0	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:

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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: 11/15/2012

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