Market Risk Capital Rule

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
FR4201_20191001_omb.pdf	Supporting Statement A	Uploaded 2019-10-01	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
45368	Reporting Sections 217.203(c)(1), .204(a)(2)(vi)(B), .206(b)(3), .208(a), and .209(a) Prior Approvals		Modified
204387	Disclosure Section 217.212(d) Qualitative		Modified
204386	Disclosure Section 217.212(c) Quantitative		Modified
204385	Recordkeeping Section 217.212(b) Disclosure Policy		Modified
204384	Recordkeeping Section 217.209(c) Stress Testing		Modified
204383	Recordkeeping Section 217.205(c) Backtesting		Modified
204382	Backtesting - Recordkeeping		Removed
204381	Internal Models - Recordkeeping		Removed
204380	Recordkeeping Section 217.203(a)(2) Trading and Hedging Strategy		Modified
204379	Recordkeeping Sections 217.203(a)(1), .203(b)(1), and .206(b)(3) Policies and Procedures		Modified

ICR Details

OMB Control No: 7100-0314	ICR Reference No: 201908-7100-008
Status: Historical Active	Previous ICR Reference No: 201608-7100-018
Agency/Subagency: FRS	Agency Tracking No: FR 4201
Title: Market Risk Capital Rule
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/01/2019
Retrieve Notice of Action (NOA)	Date Received in OIRA: 10/01/2019
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2022	36 Months From Approved	12/31/2019
Responses	340	0	684
Time Burden (Hours)	13,148	0	70,704
Cost Burden (Dollars)	0	0	0

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Abstract: The market risk rule, which requires banking organizations to hold capital to cover their exposure to market risk, is an important component of the Board’s regulatory capital framework (12 CFR 217; Regulation Q). The respondents for this collection of information are bank holding companies (BHCs), savings and loan holding companies (SLHCs), intermediate holding companies, and state member banks that meet certain risk thresholds described below. There are no required reporting forms associated with this information collection (the FR 4201 designation is for internal purposes only).

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Authorizing Statute(s): US Code: 12 USC 324 Name of Law: Federal Reserve Act
   US Code: 12 USC 248(a) Name of Law: Federal Reserve Act
   US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 3106(a) Name of Law: International Banking Act of 1978
   US Code: 12 USC 1467a(b)(2) and (g) Name of Law: Home Owners’ Loan Act
  

Citations for New Statutory Requirements: None

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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:
	84 FR 14113	04/09/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 39843	08/12/2019
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 8

table that charts list of burden

IC Title	Form No.	Form Name
Backtesting - Recordkeeping
Disclosure Section 217.212(c) Quantitative
Disclosure Section 217.212(d) Qualitative
Internal Models - Recordkeeping
Recordkeeping Section 217.203(a)(2) Trading and Hedging Strategy
Recordkeeping Section 217.205(c) Backtesting
Recordkeeping Section 217.209(c) Stress Testing
Recordkeeping Section 217.212(b) Disclosure Policy
Recordkeeping Sections 217.203(a)(1), .203(b)(1), and .206(b)(3) Policies and Procedures
Reporting Sections 217.203(c)(1), .204(a)(2)(vi)(B), .206(b)(3), .208(a), and .209(a) Prior Approvals

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ICR Summary of Burden

table that charts list 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	340	684	0	-344	0	0
Annual Time Burden (Hours)	13,148	70,704	0	-57,556	0	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: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimated total annual burden for the FR 4201 is 70,704 hours, and would decrease to 13,148 hours with the adopted revisions. The decrease in burden results primarily from a decrease in the estimated number of respondents for the prior written approvals required by sections 217.203, .204, .206, .208, and .209 of the market risk rule. The Board believes that few, if any, additional entities will request such prior approvals in the next three years. Additionally, a number of provisions of the market risk rule that were previously included as information collections in FR 4201 have been omitted from this proposal, as they are not collections of information under the PRA.

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Annual Cost to Federal Government: $0

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: 10/01/2019

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