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
Reginfo record details
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)