Recordkeeping Requirements Associated with Regulation F

ICR 202011-7100-002

OMB: 7100-0331

Federal Form Document

Forms and Documents
Document
Name
Status
Justification for No Material/Nonsubstantive Change
2021-07-20
IC Document Collections
IC ID
Document
Title
Status
247826
New
193723
Modified
ICR Details
7100-0331 202011-7100-002
Historical Active 201807-7100-005
FRS FR F
Recordkeeping Requirements Associated with Regulation F
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 07/20/2021
Retrieve Notice of Action (NOA) 07/20/2021
  Inventory as of this Action Requested Previously Approved
07/31/2021 07/31/2021 07/31/2021
5,066 0 5,923
5,108 0 47,384
0 0 0

The Board’s Regulation F - Limitations on Interbank Liabilities (12 CFR Part 206) establishes limits on depository institutions’ credit exposure to individual correspondents in order to mitigate the risk that the failure of a correspondent would pose to an insured depository institution. Section 206.3 of Regulation F requires insured depository institutions to establish and maintain policies and procedures designed to prevent excessive exposure to correspondents. This regulation applies to all depository institutions insured by the Federal Deposit Insurance Corporation (FDIC) and the Board takes burden under the Paperwork Reduction Act with respect to all such entities.

US Code: 12 USC 371b-2 Name of Law: Federal Reserve Act
  
None

Not associated with rulemaking

  83 FR 3148 01/23/2018
83 FR 18842 04/30/2018
No

2
IC Title Form No. Form Name
Creation
Maintenance

  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 5,066 5,923 0 0 -857 0
Annual Time Burden (Hours) 5,108 47,384 0 0 -42,276 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The decrease in total annual burden hours reflects an update to the respondent count.

$0
No
    No
    No
No
No
No
No
Scott Farmer 202-452-2253 [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.
07/20/2021


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