Reporting Requirements Associated with Supervision and Regulation Assessments of Fees (Regulation TT)

ICR 201603-7100-005

OMB: 7100-0369

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2016-04-15
IC Document Collections
IC ID
Document
Title
Status
220524
New
ICR Details
7100-0369 201603-7100-005
Historical Active
FRS Reg TT
Reporting Requirements Associated with Supervision and Regulation Assessments of Fees (Regulation TT)
New collection (Request for a new OMB Control Number)   No
Delegated
Approved without change 04/15/2016
Retrieve Notice of Action (NOA) 04/15/2016
  Inventory as of this Action Requested Previously Approved
04/30/2019 36 Months From Approved
7 0 0
280 0 0
0 0 0

On August 23, 2013, the Federal Reserve published a final rule in the Federal Register (78 FR 52391). This final rule implements section 318 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which directs the Federal Reserve to collect assessments, fees, or other charges equal to the total expenses the Federal Reserve estimates are necessary or appropriate to carry out the supervisory and regulatory responsibilities of the Federal Reserve for bank holding companies and savings and loan holding companies with total consolidated assets of $50 billion or more and nonbank financial companies designated for Federal Reserve supervision by the Financial Stability Oversight Council. Each assessed company would have thirty calendar days from June 30 or, for the 2012 assessment period, thirty calendar days from the Board’s issuance of a notice of assessment for that assessment period, to submit a written statement to appeal the Board’s determination (1) that the company is an assessed company or (2) of the company’s total assessable assets. These reporting requirements are found in section 246.5(b) of the final rule.

US Code: 12 USC 248 Name of Law: Federal Reserve Act
  
PL: Pub.L. 111 - 203 124 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

7100-AD95 Final or interim final rulemaking 78 FR 52391 08/23/2013

  78 FR 23162 04/18/2013
78 FR 52391 08/23/2013
No

1
IC Title Form No. Form Name
Section 246.5(b)

  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 7 0 7 0 0 0
Annual Time Burden (Hours) 280 0 280 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
Yes
No
Uncollected
Richard Palmer 202 502-8438 [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.
04/15/2016


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