Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring (LCR)

ICR 202102-3064-005

OMB: 3064-0197

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2021-02-11
ICR Details
3064-0197 202102-3064-005
Received in OIRA 201911-3064-010
FDIC 3064-0197
Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring (LCR)
Revision of a currently approved collection   No
Regular 02/11/2021
  Requested Previously Approved
36 Months From Approved 01/31/2023
84 40
994 497
0 0

The Liquidity Coverage Ratio (LCR) rule implements a quantitative liquidity requirement and contains requirements subject to the Paperwork Reduction Act. The reporting and recordkeeping requirements are found in Sections 329.22, 329.40, 329.108, and 329.110. The requirements contained in the LCR rule are designed to promote the short-term resilience of the liquidity risk profile of large and internationally active banking organizations, thereby improving the banking sector’s ability to absorb shocks arising from financial and economic stress, and to further improve the measurement and management of liquidity risk.

US Code: 12 USC 1815 Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 1816 Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 1819 Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 1828 Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 1831p-1 Name of Law: Federal Deposit Insurance Act
   PL: Pub.L. 115 - 17 401 Name of Law: Economic Growth, Regulatory Relief, and Consumer Protection Act
   US Code: 12 USC 5412 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 1818 Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  
US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
PL: Pub.L. 115 - 174 401 Name of Law: Economic Growth, Regulatory Relief, and Consumer Protection Act

Not associated with rulemaking

  81 FR 35124 06/01/2016
86 FR 9120 02/11/2021
No

  Total Request 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 84 40 0 44 0 0
Annual Time Burden (Hours) 994 497 0 497 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
The final rule implements a stable funding requirement, known as the net stable funding ratio (NSFR), for certain large banking organizations. The final rule establishes a quantitative metric, the NSFR, to measure the stability of the funding profile of certain large banking organizations and requires these banking organizations to maintain minimum amounts of stable funding to support their assets, commitments, and derivatives exposures over a one-year time horizon. The NSFR is designed to reduce the likelihood that disruptions to a banking organization’s regular sources of funding will compromise its liquidity position, promote effective liquidity risk management, and support the ability of banking organizations to provide financial intermediation to businesses and households across a range of market conditions. The NSFR supports financial stability by requiring banking organizations to fund their activities with stable sources of funding on an ongoing basis, reducing the possibility that funding shocks would substantially increase distress at individual banking organizations. The final rule applies to certain large U.S. depository institution holding companies, depository institutions, and U.S. intermediate holding companies of foreign banking organizations, each with total consolidated assets of $100 billion or more, together with certain depository institution subsidiaries (together, covered companies). In particular, the final rule revises Sections 329.110 and 329.108 of the FDIC’s LCR rule.

No
    No
    No
No
Yes
No
No
Jennifer Jones 202 551-5776 [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.
02/11/2021


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