The OCC uses the information provided
through the FFIEC 101 to assess and monitor the levels and
components of each institution's risk-based capital requirements
and the adequacy of their capital under the Advanced Capital
Adequacy Framework, which is a significant component of safety and
soundness. The changes include removing two items related to
reporting of credit valuation adjustments (CVA) and exposure
default (EAD), as the agencies no longer need banks to report this
information in those items.
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.