Report of Net Debit Cap

ICR 201405-7100-002

OMB: 7100-0217

Federal Form Document

Forms and Documents
Document
Name
Status
Justification for No Material/Nonsubstantive Change
2014-05-07
Supporting Statement A
2011-01-05
IC Document Collections
ICR Details
7100-0217 201405-7100-002
Historical Active 201012-7100-004
FRS FR 2226
Report of Net Debit Cap
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 05/07/2014
Retrieve Notice of Action (NOA) 05/07/2014
  Inventory as of this Action Requested Previously Approved
07/31/2014 07/31/2014 07/31/2014
1,158 0 1,298
1,158 0 1,298
0 0 0

Under the Federal Reserve's Payments System Risk Policy, all institutions that maintain a Federal Reserve account are assigned or may establish a net debit cap that represents a maximum limit on daylight overdrafts incurred in that account. The report comprises three resolutions, which are filed by an institution's board of directors depending on its needs.

US Code: 12 USC 248(i), 248-1, 464 Name of Law: Federal Reserve Act
   US Code: 5 USC 552(b)(8) Name of Law: Freedom of Information Act
  
None

Not associated with rulemaking

  75 FR 63181 10/14/2010
75 FR 81606 12/28/2010
No

1
IC Title Form No. Form Name
Report of Net Debit Cap

  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 1,158 1,298 0 0 -140 0
Annual Time Burden (Hours) 1,158 1,298 0 0 -140 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
Burden change is due to adjustment (decrease) in respondent count.

$0
No
No
No
No
No
Uncollected
Laura McGaughey 202 912-4618 [email protected]

  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.
05/07/2014


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