Report of Net Debit Cap

ICR 201609-7100-001

OMB: 7100-0217

Federal Form Document

Forms and Documents
Document
Name
Status
Justification for No Material/Nonsubstantive Change
2016-09-07
IC Document Collections
ICR Details
7100-0217 201609-7100-001
Historical Active 201405-7100-003
FRS FR 2226
Report of Net Debit Cap
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 10/07/2016
Retrieve Notice of Action (NOA) 10/07/2016
  Inventory as of this Action Requested Previously Approved
05/31/2017 05/31/2017 05/31/2017
1,069 0 1,158
1,069 0 1,158
0 0 0

Federal Reserve Banks collect these data annually to provide information that is essential for their administration of the Federal Reserve’s Payment System Risk (PSR) policy. The reporting panel includes all financially healthy depository institutions with access to the discount window. The Report of Net Debit Cap comprises three resolutions, which are filed by a depository institution’s board of directors depending on its needs. The first resolution is used to establish a de minimis net debit cap and the second resolution is used to establish a self-assessed net debit cap. The third resolution is used to establish simultaneously a self-assessed net debit cap and maximum daylight overdraft capacity.

US Code: 12 USC 248(i), 248-1, 464 Name of Law: Federal Reserve Act
  
None

Not associated with rulemaking

  79 FR 4468 01/28/2014
79 FR 21243 04/15/2014
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 1,069 1,158 0 0 -89 0
Annual Time Burden (Hours) 1,069 1,158 0 0 -89 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
Decrease in burden hours reflects an update to the respondent count

$0
No
No
No
No
No
Uncollected
Jennifer Williams 202 452-2446 [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.
10/07/2016


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