Resolution Plans Required

Forms and Documents

Document Name	Status
SPST-0210 Final Rule Resolution Plans Required - 11-1-19.docx Supporting Statement A	2019-11-13

IC Document Collections

IC ID	Document Title	Status
236110	Waivers	Modified
236109	Biennial Filers - Domestic	Modified
236108	Triennial Full - Foreign and Domestic	Modified
236107	Triennial Full - Complex Foreign	Modified
236106	Triennial Reduced	Modified

ICR Details

OMB Control No: 3064-0210	ICR Reference No: 201911-3064-002
Status: Active	Previous ICR Reference No: 201905-3064-003
Agency/Subagency: FDIC	Agency Tracking No: 3064-0210
Title: Resolution Plans Required
Type of Information Collection: Existing collection in use without an OMB Control Number	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/30/2019
	Date Received in OIRA: 11/15/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2022	36 Months From Approved
Responses	37	0	0
Time Burden (Hours)	209,919	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: To promote financial stability, section 165(d) of the Dodd-Frank Act requires each covered company to periodically submit a plan for such company’s rapid and orderly resolution under the Bankruptcy Code in the event of the company’s material financial distress or failure.

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Authorizing Statute(s): US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3064-AE93	Final or interim final rulemaking	84 FR 59194	11/01/2019

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 5

IC Title	Form No.	Form Name
Triennial Reduced
Triennial Full - Complex Foreign
Triennial Full - Foreign and Domestic
Biennial Filers - Domestic
Waivers

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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	37	0	0	0	37	0
Annual Time Burden (Hours)	209,919	0	0	0	209,919	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: When the rule was adopted in 2011, the Federal Reserve Board (the Board) took the entire Paperwork Reduction Act (PRA) burden (OMB No. 7100-0346) associated with the rule even though the Board and the FDIC are both legally authorized to receive and review resolution plans. The agencies have decided to now share equally in the burden associated with the final rule published in the Federal Register on November 1, 2019 . As a result, the FDIC is requesting approval from the OMB for one half of the Board’s PRA burden, as revised by the final rule.The change in burden from the Board’s previous information collection (OMB No. 7100-0346) versus the final rule published in the Federal Register on November 1, 2019 is a reduction of 640,561 burden hours. Since this is the first time the FDIC will be submitting an information collection in connection with the rule, half of the burden reduction or 323,124 hours is attributed to the FDIC.

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Annual Cost to Federal Government:

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]? Yes

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: 11/15/2019

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