Risk-Based Capital Standards: Advanced Capital Adequacy Framework

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
1557-0318 CECL 4-23-18.docx	Supporting Statement A	Uploaded 2018-04-23	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
209900	Minimum Regulatory Capital Ratios - Recordkeeping		Unchanged
209899	Advanced Approaches - Recordkeeping		Modified
209898	Advanced Approaches - Disclosures		Modified
209897	Standardized Approach - Recordkeeping		Modified
209896	Standardized Approach - Disclosures		Modified

ICR Details

OMB Control No: 1557-0318	ICR Reference No: 201804-1557-001
Status: Historical Inactive	Previous ICR Reference No: 201701-1557-002
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Risk-Based Capital Standards: Advanced Capital Adequacy Framework
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Preapproved	Conclusion Date: 07/11/2018
	Date Received in OIRA: 05/17/2018
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2021	36 Months From Approved	08/31/2020
Responses	2,769	0	2,769
Time Burden (Hours)	66,081	0	240,711
Cost Burden (Dollars)	0	0	0

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Abstract: This ICR is being submitted pursuant to a joint proposal to address changes to U.S. generally accepted accounting principles (U.S. GAAP) described in Accounting Standards Update No. 2016-13, Topic 326, Financial Instruments—Credit Losses (ASU 2016-13), including banking organizations’ implementation of the current expected credit loss methodology. Specifically, the proposal would revise the agencies’ regulatory capital rules to identify which credit loss allowances under the new accounting standard are eligible for inclusion in regulatory capital and to provide banking organizations the option to phase in the effect on regulatory capital that may result from the adoption of the accounting standard. The proposal also would amend certain regulatory disclosure requirements to reflect changes to U.S. GAAP. In addition, the agencies are proposing to make conforming amendments to their other regulations that reference credit loss allowance.

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Authorizing Statute(s): US Code: 12 USC 3901-3909 Name of Law: International Lending Supervision Act
   US Code: 12 USC 1 et seq. Name of Law: The National Bank Act
   US Code: 12 USC 1464 Name of Law: Homeowners' Loan Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1557-AE35	Proposed rulemaking	83 FR 22312	05/14/2018

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 5

table that charts list of burden

IC Title	Form No.	Form Name
Standardized Approach - Disclosures
Standardized Approach - Recordkeeping
Advanced Approaches - Disclosures
Advanced Approaches - Recordkeeping
Minimum Regulatory Capital Ratios - Recordkeeping

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ICR Summary of Burden

table that charts list of burden

	Total Request	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	2,769	2,769	0	0	0	0
Annual Time Burden (Hours)	66,081	240,711	0	480	-175,110	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: Changing Regulations

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

Burden Reduction Due to:

Short Statement: The changes in the disclosure requirements to reflect changes in GAAP caused a 480 hour increase. In addition, there is a 175,110 decrease in burden due to the change in the burden calculation methodology, consistent with the other banking agencies. This resulted in an overall burden decrease of 174,630 hours.

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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]? No

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: 05/17/2018

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