Interagency Policy Statement on Funding and Liquidity Risk Management

Forms and Documents

Document Name	Status
FR4198_20191104_omb.pdf Supporting Statement A	2019-11-04

IC Document Collections

IC ID	Document Title	Status
190442	Section 20 - Liquidity Risk Reports	Removed
190440	Section 14 - Strategic Planning and Budgeting Processes: Small institutions	Removed
190439	Ongoing Recordkeeping Other-Guidance	Modified
190438	Implementation of Recordkeeping Guidance Other-Guidance	Modified

ICR Details

OMB Control No: 7100-0326	ICR Reference No: 201910-7100-004
Status: Active	Previous ICR Reference No: 201605-7100-009
Agency/Subagency: FRS	Agency Tracking No: FR 4198
Title: Interagency Policy Statement on Funding and Liquidity Risk Management
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: 11/04/2019
	Date Received in OIRA: 11/04/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2022	36 Months From Approved	11/30/2019
Responses	4,819	0	70,876
Time Burden (Hours)	158,048	0	727,456
Cost Burden (Dollars)	0	0	0

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Abstract: The Interagency Policy Statement on Funding and Liquidity Risk Management (Guidance) was issued to provide consistent interagency expectations on sound practices for managing funding and liquidity risk. The Guidance includes a number of voluntary recordkeeping provisions that apply to bank holding companies, savings and loan holding companies, state-licensed branches and agencies of foreign banks (other than insured branches), corporations organized or operating under sections 25 or 25A of the Federal Reserve Act (agreement corporations and Edge corporations) and state member banks (collectively, financial institutions).

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Authorizing Statute(s): US Code: 12 USC 324 Name of Law: Federal Reserve Act
   US Code: 12 USC 602 Name of Law: Federal Reserve Act
   US Code: 12 USC 625 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 1467a(b)(3) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 3105(c)(2) Name of Law: International Banking Act of 1978
  

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 29862	06/25/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 55957	10/18/2019
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Section 14 - Strategic Planning and Budgeting Processes: Small institutions
Implementation of Recordkeeping Guidance
Ongoing Recordkeeping
Section 20 - Liquidity Risk Reports

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ICR Summary 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	4,819	70,876	0	-66,057	0	0
Annual Time Burden (Hours)	158,048	727,456	0	-569,408	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 4198 is 727,456 hours, and would decrease to 158,048 hours with the revisions. Certain recordkeeping provisions included in the FR 4198 overlap with substantively identical requirements in the Board’s Regulation YY. The estimated total burden for the FR 4198 does not include the burden of complying with these Regulation YY requirements, which are accounted for in the Paperwork Reduction Act clearance for the Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation YY (OMB No. 7100-0350). The revisions to FR 4198 result in an increase to the estimated ongoing recordkeeping burden for those respondents that have already implemented the recordkeeping provisions of the Guidance. However, the total estimated burden decreased due to a significant decrease in the estimated number of respondents that would newly implement the recordkeeping provisions of the Guidance, as the Board believes that most respondents have already implemented those provisions.

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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: 11/04/2019

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