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
36 Months From Approved
0
0
0
0
0
0
0
0
0
This ICR is filed in connection with a
notice of proposed rulemaking that would provide for a simple
measure of capital adequacy for certain community banking
organizations, consistent with section 201 of the Economic Growth,
Regulatory Relief, and Consumer Protection Act. Under the proposal,
most depository institutions and depository institution holding
companies that have less than $10 billion in total consolidated
assets, that meet risk-based qualifying criteria, and that have a
community bank leverage ratio (as defined in the proposal) of
greater than 9 percent would be eligible to opt into a community
bank leverage ratio framework. Such banking organizations that
elect to use the community bank leverage ratio and that maintain a
community bank leverage ratio of greater than 9 percent would not
be subject to other risk-based and leverage capital requirements
and would be considered to have met the well capitalized ratio
requirements for purposes of section 38 of the Federal Deposit
Insurance Act and regulations implementing that section, as
applicable, and the generally applicable capital requirements under
the agencies’ capital rule. The proposal would revise §§ 3.2 and
3.10 of the capital rule, add a new § 3.12 to the capital rule, and
revise the agencies’ prompt rules, to implement the community bank
leverage ratio in accordance with the Act. These changes will not,
however, result in changes to the burden. Nevertheless, 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.
This ICR is submitted in
connection with an NPR titled "Capital Simplification for
Qualifying Community Banking Organizations" and is a duplicate of
OMB Control No. 1557-0318, which is currently pending in connection
with another rule." Both rules affect the OCC's capital rules.
Because there is an ICR currently pending under OMB Control No.
1557-0318, this ICR could not be filed under it. Therefore, we are
requesting a new control number for this rule. Once both of these
rules have become final, we will consolidate the burden under OMB
Control No. 1557-0318.
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.
1557-0318 CBLR.docx
Advanced Approach - One-time Recordkeeping