Recordkeeping and Disclosure Requirements Associated with Regulation Q

ICR 201708-7100-025

OMB: 7100-0313

Federal Form Document

Forms and Documents
Document
Name
Status
Justification for No Material/Nonsubstantive Change
2017-08-28
ICR Details
7100-0313 201708-7100-025
Historical Active 201608-7100-017
FRS FR 4200
Recordkeeping and Disclosure Requirements Associated with Regulation Q
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 08/28/2017
Retrieve Notice of Action (NOA) 08/28/2017
  Inventory as of this Action Requested Previously Approved
06/30/2019 06/30/2019 06/30/2019
3,025 0 4,511
66,611 0 250,512
0 0 0

Section 1831o(c) of the Federal Deposit Insurance Act requires each federal banking agency to adopt a risk-based capital requirement, which is based on the prompt corrective action framework in that section. The International Lending Supervision Act of 1984 (ILSA), (12 U.S.C. § 3907(a)(1)), mandates that each federal banking agency require banks to achieve and maintain adequate capital by establishing minimum levels of capital or by other methods that the applicable federal banking agency may deem appropriate. Section 908 of the ILSA, (12 U.S.C. §47907(b)(47)(C)), also directs the Chairman of the Federal Reserve and the Secretary of the Treasury to encourage governments, central banks, and regulatory authorities of other major banking countries to work toward maintaining and, where appropriate, strengthening the capital bases of banking institutions involved in international lending.

US Code: 12 USC 3907(a)(1) Name of Law: International Lending Supervision Act of 1983
   US Code: 12 USC 324 Name of Law: Federal Reserve Act
   US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act
   US Code: 12 USC 1831o(c) Name of Law: Federal Deposit Insurance Act
  
None

Not associated with rulemaking

  81 FR 6265 02/05/2016
81 FR 35016 06/01/2016
Yes

  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 3,025 4,511 0 0 -1,486 0
Annual Time Burden (Hours) 66,611 250,512 0 0 -183,901 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The decrease in burden hours is due to a decrease in the number of respondents.

$0
No
    No
    No
No
No
No
Uncollected
Kaitlin Chiarelli 571 372-4529 [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.
08/28/2017


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