Pursuant to 5
CFR 1320.11(c), OMB files this comment on this information
collection request (ICR). In accordance with 5 CFR 1320, OMB is
withholding approval at this time. The agency shall examine public
comment in response to the NPRM and will include in the supporting
statement of the next ICR--to be submitted to OMB at the final rule
stage--a description of how the agency has responded to any public
comments on the ICR, including comments on maximizing the practical
utility of the collection and minimizing the burden. The next
submission to OMB must include the draft final rule.
Inventory as of this Action
Requested
Previously Approved
08/31/2020
36 Months From Approved
08/31/2020
2,769
0
2,769
240,711
0
240,711
0
0
0
The rules for calculating
risk-weighted assets are intended to enhance risk sensitivity and
address weaknesses identified in recent years. The OCC uses the
information collected to meet its statutory obligations to adopt
and implement a risk-based capital requirement, determine the
qualification of a bank for application of the rule, and assess the
adequacy of a qualifying bank’s risk-based capital. The proposal
would revise the capital rule to implement SA CCR in order to
calculate the exposure amount of derivatives contracts under the
agencies’ regulatory capital rule as well as update other parts of
the capital rule to account for the proposed incorporation of SA
CCR. The proposal will not, however, result in changes to the
burden. In order to be consistent across the agencies, the agencies
are applying a conforming methodology for calculating the burden
estimates. The agencies are also updating the number of respondents
based on the current number of supervised entities even though this
proposal only affects a limited number of entities. The agencies
believe that any changes to the information collections associated
with the proposed rule are the result of the conforming methodology
and updates to the respondent count, and not the result of the
proposed rule changes.
US Code:
12 USC 1 et seq. Name of Law: The National Bank Act
US Code:
12 USC 3901-3909 Name of Law: International Lending Supervision
Act
US Code: 12
USC 1464 Name of Law: Homeowners' Loan Act
The proposal will not result in
changes to the burden. In order to be consistent across the
agencies, the agencies are applying a conforming methodology for
calculating the burden estimates. The agencies are also updating
the number of respondents based on the current number of supervised
entities even though this proposal only affects a limited number of
entities. The agencies believe that any changes to the information
collections associated with the proposed rule are the result of the
conforming methodology and updates to the respondent count, and not
the result of the proposed rule changes.
No
No
No
No
No
No
Uncollected
Kevin korzeniewski 202
874-4628
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.