Assessment Rate Adjustment Guidelines for Large and Highly Complex Institutions

ICR 201504-3064-006

OMB: 3064-0179

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2015-04-16
IC Document Collections
ICR Details
3064-0179 201504-3064-006
Historical Active 201205-3064-018
FDIC
Assessment Rate Adjustment Guidelines for Large and Highly Complex Institutions
Extension without change of a currently approved collection   No
Regular
Approved without change 07/31/2015
Retrieve Notice of Action (NOA) 04/16/2015
  Inventory as of this Action Requested Previously Approved
07/31/2018 36 Months From Approved 07/31/2015
11 0 11
880 0 880
0 0 0

The guidelines determine how adjustments can be made to the total scores that are used in calculating the deposit insurance assessment rates of large and highly complex insured institutions, under the methodology of the Amended Assessment Regulations. These amended regulations eliminated risk categories for large institutions and combined CAMELS ratings and forward-looking financial measures into one of two scorecards, one for highly-complex institutions and another for all other large institutions. Each of the two scorecards produces two scores-a performance score and a loss severity score-that are combined into a total score, which cannot be greater than 90 or less than 30. The FDIC can adjust a bank's total score up or down by no more than 15 points, but the resulting score cannot be greater than 90 or less than 30. The score is then converted to an initial base assessment rate, which, after application of other possible adjustments, results in a total assessment rate. The total assessment rate is multiplied by the bank's assessment base to calculate the amount of its assessment obligation.

US Code: 12 USC 1817(b) and (c) Name of Law: Federal Deposit Insurance Act
  
None

Not associated with rulemaking

  80 FR 6711 02/06/2015
80 FR 19985 04/14/2015
No

1
IC Title Form No. Form Name
Assessment Rate Adjustment Guidelines for Large and Highly Complex Institutions

  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 11 11 0 0 0 0
Annual Time Burden (Hours) 880 880 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

No
No
No
No
No
Uncollected
Gary Kuiper 202 898-3877 [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.
04/16/2015


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