This collection comprises the
disclosure and recordkeeping requirements associated with minimum
capital requirements and overall capital adequacy standards for
state non-member banks and state chartered savings and loan
associations. The capital standards are consistent with agreements
reached by the Basel Committee on Banking Supervision (BCBS) in
"Basel III: A Global Regulatory Framework for More Resilient Banks
and Banking Systems," and with section 171 of the Dodd-Frank Act,
which requires the agencies to establish minimum risk-based and
leverage capital requirements and with section 939A of the
Dodd-Frank Act, which requires the agencies to use alternatives to
credit ratings for calculating risk-weighted assets. The data is
used by the FDIC to evaluate capital before approving various
applications by insured depository institutions, to evaluate
capital as an essential component in determining safety and
soundness, and to determine whether an institutions is subject to
prompt corrective action provisions.
The mandatory compliance
date for the recordkeeping and disclosure requirements contained in
the interim final rule was January 1, 2014, for FDIC-supervised
advanced approaches institutions.
US Code:
12
USC 1831(o) Name of Law: Federal Deposit Insurance Act
PL: Pub.L. 111 - 203 1435-38 Name of Law:
Dodd-Frank Wall Street Reform and Consumer Protection Act
The increase in burden of
729,474 hours reflects an adjustment of -4517 hours resulting from
a decrease in the number of respondents for the Advanced Approaches
requirements and a program change of +733,991 hours arising from
new Minimum Regulatory Capital Ratio, Standardized Approach, and
Advanced Approaches requirements.
$60,800
No
No
No
Yes
No
Uncollected
Leneta Gregorie 202
898-3719
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.
SPST-Basel_III_(0153)(12_16_13).doc
2013-20536.pdf
AA Disclosures (sections 142, 171)