Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring (LCR)

Forms and Documents

Document Name	Status
FR2 - 83 FR 12393 (Mar 21 2018).pdf Supplementary Document	2018-03-22
FR1 - 82 FR 61758 (Dec 29 2017).pdf Supplementary Document	2018-03-22
SPST-0197 LCR Ratio (2018).doc Supporting Statement A	2018-03-22

IC Document Collections

IC ID	Document Title	Status
230787	Liquidity Coverage Ratio (LCR) - § 329.22(a)(5) Documented methodology providing consistent treatment for determining whether eligible HQLA meets operational requirements	New
230786	Liquidity Coverage Ratio (LCR) - § 329.22(a)(2) Policies that require eligible HQLA to be under control of liquidity risk management function	New
230784	Liquidity Coverage Ratio (LCR) - § 329.40(b)(4) Weekly report of progress toward achieving compliance	New
230783	Liquidity Coverage Ratio (LCR) - § 329.40(b) Notification that liquidity coverage ratio is less than minimum in § 329.10 for 3 consecutive days or otherwise noncompliant	New
212679	Liquidity Coverage Ratio (LCR) - § 329.40(b) Plan for achieving compliance	Modified
212678	Liquidity Coverage Ratio (LCR) - § 329.40(a) Notification that liquidity coverage ratio is less than minimum in § 329.10	Modified

ICR Details

OMB Control No: 3064-0197	ICR Reference No: 201803-3064-007
Status: Historical Active	Previous ICR Reference No: 201411-3064-001
Agency/Subagency: FDIC	Agency Tracking No: 3064-0197
Title: Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring (LCR)
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: 04/30/2018
	Date Received in OIRA: 03/22/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2021	36 Months From Approved	04/30/2018
Responses	40	0	12
Time Burden (Hours)	249	0	203
Cost Burden (Dollars)	0	0	0

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Abstract: 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).

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Authorizing Statute(s): 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
  

Citations for New Statutory Requirements: US Code: 12 USC 5365 Name of Law: Dodd-Frank Act

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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:
	82 FR 61758	12/29/2017
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 12393	03/21/2018
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 6

IC Title	Form No.	Form Name
Liquidity Coverage Ratio (LCR) - § 329.40(a) Notification that liquidity coverage ratio is less than minimum in § 329.10
Liquidity Coverage Ratio (LCR) - § 329.40(b) Plan for achieving compliance
Liquidity Coverage Ratio (LCR) - § 329.40(b) Notification that liquidity coverage ratio is less than minimum in § 329.10 for 3 consecutive days or otherwise noncompliant
Liquidity Coverage Ratio (LCR) - § 329.40(b)(4) Weekly report of progress toward achieving compliance
Liquidity Coverage Ratio (LCR) - § 329.22(a)(2) Policies that require eligible HQLA to be under control of liquidity risk management function
Liquidity Coverage Ratio (LCR) - § 329.22(a)(5) Documented methodology providing consistent treatment for determining whether eligible HQLA meets operational requirements

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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	40	12	0	0	28	0
Annual Time Burden (Hours)	249	203	0	0	46	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: 03/22/2018

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