Report of Net Debit Cap

Forms and Documents

Document Name	Status
FR2226_20200515_omb.pdf Supporting Statement A	2020-05-15

IC Document Collections

IC ID	Document Title	Status
36244	De minimis cap Non FBOs Other-Federal Reserve Policy on Payment System Risk before Octob	Modified
241848	Maximum daylight overdraft capacity Other-Federal Reserve Policy on Payment System Risk before Octob	New
241847	Self-assessed cap FBOs Other-Federal Reserve Policy on Payment System Risk before Octob	New
227032	Self-assessed cap Non FBOs Other-Federal Reserve Policy on Payment System Risk before Octob	Modified
227031	De minimis cap FBOs Other-Federal Reserve Policy on Payment System Risk before Octob	Modified

ICR Details

OMB Control No: 7100-0217	ICR Reference No: 202005-7100-009
Status: Active	Previous ICR Reference No: 202005-7100-008
Agency/Subagency: FRS	Agency Tracking No: FR 2226
Title: Report of Net Debit Cap
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: 05/15/2020
	Date Received in OIRA: 05/15/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2023	36 Months From Approved	05/31/2020
Responses	1,028	0	1,028
Time Burden (Hours)	1,042	0	1,028
Cost Burden (Dollars)	0	0	0

---

Abstract: Federal Reserve Banks collect these data annually to provide information that is essential for their administration of the Board’s Payment System Risk (PSR) policy. The reporting panel includes all financially healthy depository institutions with access to the discount window. The Report of Net Debit Cap comprises three resolutions, which are filed by a depository institution’s board of directors depending on its needs. The first resolution is used to establish a de minimis net debit cap, the second resolution is used to establish a self-assessed net debit cap, and the third resolution is used to establish simultaneously a self-assessed net debit cap and maximum daylight overdraft capacity.

---

Authorizing Statute(s): US Code: 12 USC 248(i) Name of Law: Federal Reserve Act
   US Code: 12 USC 248-1 Name of Law: Federal Reserve Act
   US Code: 12 USC 464 Name of Law: Federal Reserve Act
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 58764	12/14/2017
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 12049	04/01/2019
Did the Agency receive public comments on this ICR? No

---

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

IC Title	Form No.	Form Name
De minimis cap FBOs
De minimis cap Non FBOs
Self-assessed cap Non FBOs
Self-assessed cap FBOs
Maximum daylight overdraft capacity

---

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	1,028	1,028	0	0	0	0
Annual Time Burden (Hours)	1,042	1,028	0	14	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 2226 is 1,028 hours, and would increase to 1,042 hours with the adopted revisions. The revisions would increase the estimated average hours per response for de minimis and self-assessment respondents that are FBOs by half an hour.

---

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? No

---

Common Form ICR:  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:

(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: 05/15/2020

---