Reporting, Recordkeeping, and Disclosure Requirements Associated with the Regulation WW

ICR 202003-7100-001

OMB: 7100-0367

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2020-03-20
IC Document Collections
ICR Details
7100-0367 202003-7100-001
Active 201707-7100-009
FRS FR WW
Reporting, Recordkeeping, and Disclosure Requirements Associated with the Regulation WW
Revision of a currently approved collection   No
Delegated
Approved without change 03/20/2020
Retrieve Notice of Action (NOA) 03/20/2020
  Inventory as of this Action Requested Previously Approved
03/31/2023 36 Months From Approved 07/31/2020
153 0 233
3,370 0 4,453
0 0 0

The Board, Office of the Comptroller of the Currency (OCC), and Federal Deposit Insurance Corporation (FDIC) (collectively, the agencies) implemented through Regulation WW - Liquidity Risk Measurement Standards (12 CFR Part 249) a liquidity coverage ratio (LCR) requirement, consistent with the international liquidity standards published by the Basel Committee on Banking Supervision (BCBS), for large and internationally active banking organizations. Each institution is required to hold high quality, liquid assets (HQLA) such as central bank reserves and government and corporate debt that can be converted easily and quickly into cash in an amount equal to or greater than its projected cash outflows minus its projected cash inflows during a 30-day stress period. The ratio of the firm’s liquid assets to its projected net cash outflow is its LCR. The BCBS published the international liquidity standards in December 2010 as a part of the Basel III reform package and revised the standards in January 2013 (as revised, the Basel III Revised Liquidity Framework). The LCR applies to all banking organizations with $250 billion or more in total consolidated assets or $10 billion or more in on-balance sheet foreign exposure and to these banking organizations’ subsidiary depository institutions that have assets of $10 billion or more. The final rule also applies a less stringent, modified LCR to bank holding companies and savings and loan holding companies that do not meet these thresholds, but have $50 billion or more in total assets. Bank holding companies and savings and loan holding companies with substantial insurance or commercial operations are not covered by the final rule.

US Code: 12 USC 1844 Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 324 Name of Law: Federal Reserve Act
   US Code: 12 USC 334 Name of Law: Federal Reserve Act
   US Code: 12 USC 1467a Name of Law: Home Owners' Loan Act
   US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  
PL: Pub.L. 115 - 174 132 Name of Law: Economic Growth, Regulatory Relief, and Consumer Protection Act

7100-AF21 Final or interim final rulemaking 84 FR 59230 11/01/2019

  83 FR 66024 12/21/2018
84 FR 24296 05/24/2019
No

  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 153 233 -80 0 0 0
Annual Time Burden (Hours) 3,370 4,453 -1,083 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
Yes
No
Uncollected
Mark Tokarski 202-452-5241 [email protected]

  No

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.
03/20/2020


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