Market Risk Regulatory Report for Institutions Subject to the Market Risk Capital Rule

Forms and Documents

Document Name	Status
Form FFIEC 102 Market Risk Regulatory Report for Institutions Subject to the Market Risk Capital Rule Form	New
FFIEC102_20150225_omb.pdf Supporting Statement A	2015-02-25

IC Document Collections

IC ID	Document Title	Status
215045	Market Risk Regulatory Report for Institutions Subject to the Market Risk Capital Rule Form	New

ICR Details

OMB Control No: 7100-0365	ICR Reference No: 201502-7100-005
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: FRS	Agency Tracking No: FFIEC 102
Title: Market Risk Regulatory Report for Institutions Subject to the Market Risk Capital Rule
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/27/2015
	Date Received in OIRA: 02/25/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2018	36 Months From Approved
Responses	108	0	0
Time Burden (Hours)	1,296	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The FFIEC, of which the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (the agencies) are members, adopted revised regulatory capital rules in July 2013 (revised regulatory capital rules). The proposed FFIEC 102 reflects those rules and would collect key information from respondents on how they measure and calculate market risk under the agencies' revised regulatory capital rules. The proposed FFIEC 102 reporting requirements would take effect as of March 31, 2015, for institutions subject to the market risk capital rule as incorporated into Subpart F of the revised regulatory capital rules (market risk capital rule). The FDIC and the OCC also are submitting a similar request for OMB review for institutions under their supervision. Each market risk institution would be required to file the FFIEC 102 for the agencies' use in assessing the reasonableness and accuracy of the institution's calculation of its minimum capital requirements under the market risk capital rule and in evaluating the institution's capital in relation to its risks. Additionally, the market risk information collected in the FFIEC 102 would (1) permit the agencies to monitor the market risk profile of and evaluate the impact and competitive implications of the market risk capital rule on individual market risk institutions and the industry as a whole; (2) provide the most current statistical data available to identify areas of market risk on which to focus for onsite and offsite examinations; (3) allow the agencies to assess and monitor the levels and components of each reporting institution's risk-based capital requirements for market risk and the adequacy of the institution's capital under the market risk capital rule; and (4) assist market risk institutions to implement and validate the market risk framework. In the Federal Reserve's case, state member banks (SMBs), bank holding companies (BHCs), and savings and loan holding companies (SLHCs) subject to the market risk rules would be required to file the FFIEC 102.

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Authorizing Statute(s): US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act
   US Code: 12 USC 324 Name of Law: Federal Reserve Act
   US Code: 12 USC 5412 Name of Law: Dodd-Frank Act
   US Code: 5 USC 552(b) Name of Law: Freedom of Information Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 52108	09/02/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 8760	02/18/2015
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Market Risk Regulatory Report for Institutions Subject to the Market Risk Capital Rule	FFIEC 102	Market Risk Regulatory Report for Institutions Subject to the Market Risk Capital Rule

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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	108	0	0	108	0	0
Annual Time Burden (Hours)	1,296	0	0	1,296	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: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The total annual burden for FFIEC 102 is estimated to be 1,296 hours. The Federal Reserve estimates that, on average, it would take each respondent 12 hours to provide the data each quarter.

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Annual Cost to Federal Government: $100,000

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]? No

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: 02/25/2015

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