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	Modified
FFIEC102_20161013_omb.pdf Supporting Statement A	2016-10-13

IC Document Collections

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

ICR Details

OMB Control No: 7100-0365	ICR Reference No: 201610-7100-001
Status: Historical Active	Previous ICR Reference No: 201502-7100-005
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: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/21/2016
	Date Received in OIRA: 10/13/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2019	36 Months From Approved	03/31/2018
Responses	124	0	108
Time Burden (Hours)	1,488	0	1,296
Cost Burden (Dollars)	0	0	0

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Abstract: The Federal Financial Institutions Examination Council (FFIEC), of which the Board, 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 FFIEC 102 reflects those rules and collect key information from respondents on how they measure and calculate market risk under the agencies’ revised regulatory capital rules. The FDIC and the OCC have also submitted a similar request for OMB review for institutions under their supervision. Each market risk institution files 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 (1) permits 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) provides the most current statistical data available to identify areas of market risk on which to focus for onsite and offsite examinations; (3) allows 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) assists market risk institutions to implement and validate the market risk framework. In the Board’s case, state member banks (SMBs), bank holding companies (BHCs), and savings and loan holding companies (SLHCs) subject to the market risk rules are 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 1467a(b)(2) Name of Law: Home Owners' Loan Act
   US Code: 12 USC 3106(c) and 3108 Name of Law: International Banking Act
   US Code: 12 USC 5365 Name of Law: Dodd-Frank 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:
	81 FR 43605	07/05/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 70739	10/13/2016
Did the Agency receive public comments on this ICR? No

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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	124	108	0	12	4	0
Annual Time Burden (Hours)	1,488	1,296	0	144	48	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 current annual reporting burden for FFIEC 102 is estimated to be 1,344 hours and would increase to 1,488 hours. The change in the number of respondents reflects the addition of two IHCs and GECC to the Board’s respondent panel.

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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]? Yes

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: 10/13/2016

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