In September and October of 2013, the
Office of the Comptroller of the Currency (OCC), Board, and Federal
Deposit Insurance Corporation (FDIC) (collectively, the agencies)
published final rules that revised their risk-based and leverage
capital requirements for banking organizations. For the Board,
Regulation Q - Capital Adequacy of Bank Holding Companies, Savings
and Loan Holding Companies, and State Member Banks (12 CFR 217) was
revised and created recordkeeping and disclosure
requirements.
US Code:
12
USC 1831o(c) Name of Law: Federal Deposit Insurance Act
US Code:
12 USC 3907(a)(1) Name of Law: International Lending
Supervision Act of 1983
US Code: 12
USC 324 Name of Law: Federal Reserve Act
US Code: 12
USC 1844(c) Name of Law: Bank Holding Company Act of 1956
The current estimated total
annual burden for the FR Q is 79,271 hours. The adopted revisions
would result in a net increase in burden of 456 hours. The changes
in the disclosure requirements to Tables 2, 3, and 5 in section 173
of the capital rule result in an increase in the average hours per
response per agency of 48 hours for the initial setup burden and 6
hours for ongoing burden. In addition, as stated in the notice of
proposed rulemaking, Simplifications to the Capital Rule Pursuant
to the Economic Growth and Regulatory Paperwork Reduction Act of
1996 (82 FR 49984; October 27, 2017), in order to be consistent
across the agencies, the agencies are also applying a conforming
methodology for calculating the burden estimates.
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.
FRQ_20190620_omb.pdf
Risk-based Capital Surcharge for GSIBs - Recordkeeping Sections 217.402 and 217.403