Policy Impact Survey

ICR 202102-7100-006

OMB: 7100-0362

Federal Form Document

Forms and Documents
Document
Name
Status
Justification for No Material/Nonsubstantive Change
2022-02-24
IC Document Collections
IC ID
Document
Title
Status
212619 Modified
ICR Details
7100-0362 202102-7100-006
Active 201903-7100-009
FRS FR 3075
Policy Impact Survey
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 02/24/2022
Retrieve Notice of Action (NOA) 02/24/2022
  Inventory as of this Action Requested Previously Approved
03/31/2022 03/31/2022 03/31/2022
98 0 70
68,600 0 59,500
0 0 0

The FR 3075 collects information from select institutions regulated by the Board in order to assess the effects of proposed, pending, or recently-adopted policy changes at the domestic and international levels. For example, the survey has been used to collect information used for certain quantitative impact studies (QISs) sponsored by bodies such as the Basel Committee on Banking Supervision (BCBS) and the Financial Stability Board (FSB). Recent collections have included the Basel III monitoring exercise, which monitors the global impact of the Basel III framework, the global systemically important bank (G-SIB) exercise, which assesses firms’ systemic risk profiles, and a survey of the domestic systemic risk footprint of large foreign banking organizations. Since the collected data may change from survey to survey, there is no fixed reporting form. The surveys would be conducted on a voluntary basis. The number of respondents per survey and the number of surveys conducted per year may fluctuate. Based on past use of the FR 3075, the Board estimates that the survey would be conducted approximately five times per year, with an average of 14 respondents per survey.

US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 1467a(b)(2) Name of Law: Home Owners' Loan Act
   US Code: 12 USC 5361(a) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 3106(a) Name of Law: International Banking Act of 1978
   US Code: 12 USC 324 Name of Law: Federal Reserve Act
   US Code: 12 USC 602 Name of Law: Federal Reserve Act
   US Code: 12 USC 625 Name of Law: Federal Reserve Act
   US Code: 12 USC 3105(c)(2) Name of Law: International Banking Act of 1978
   US Code: 12 USC 1817(a) Name of Law: Federal Deposit Insurance Act
  
None

Not associated with rulemaking

  83 FR 7038 02/16/2018
84 FR 721 01/31/2019
Yes

1
IC Title Form No. Form Name
Policy Impact Survey

  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 98 70 0 0 28 0
Annual Time Burden (Hours) 68,600 59,500 0 0 9,100 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The increase in total annual burden hours reflects an update in the frequency and estimated average hours per response based on how the collection has been used since the last clearance.

$200,000
No
    No
    No
No
No
No
No
Richard Palmer 202 502-8438 [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.
02/24/2022


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