The Liquidity Coverage Ratio (LCR)
rule implements a quantitative liquidity requirement and contains
requirements subject to the Paperwork Reduction Act. The reporting
and recordkeeping requirements are found in Sections 329.22 and
329.40. The requirement is designed to promote the short-term
resilience of the liquidity risk profile of large and
internationally active banking organizations, thereby improving the
banking sector’s ability to absorb shocks arising from financial
and economic stress, and to further improve the measurement and
management of liquidity risk. The LCR rule establishes a
quantitative minimum liquidity coverage ratio that requires a
company subject to the rule to maintain an amount of high-quality
liquid assets (the numerator of the ratio) that is no less than 100
percent of its total net cash outflows over a prospective 30
calendar-day period (the denominator of the ratio).
US Code:
12
USC 1815 Name of Law: Federal Deposit Insurance Act
US Code: 12
USC 1816 Name of Law: Federal Deposit Insurance Act
US Code: 12
USC 1819 Name of Law: Federal Deposit Insurance Act
US Code: 12
USC 1828 Name of Law: Federal Deposit Insurance Act
US Code: 12
USC 1831p-1 Name of Law: Federal Deposit Insurance Act
US Code: 12
USC 5412 Name of Law: Dodd-Frank Wall Street Reform and
Consumer Protection Act
US Code: 12
USC 1818 Name of Law: Federal Deposit Insurance Act
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.