Recordkeeping Requirements Associated with Regulation F

ICR 202107-7100-004

OMB: 7100-0331

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2021-07-20
IC Document Collections
IC ID
Document
Title
Status
247826
Unchanged
193723
Unchanged
ICR Details
7100-0331 202107-7100-004
Active 202011-7100-002
FRS FR F
Recordkeeping Requirements Associated with Regulation F
Extension without change of 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
07/31/2024 36 Months From Approved 07/31/2021
5,066 0 5,066
5,108 0 5,108
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

  86 FR 8010 02/03/2021
86 FR 28343 05/26/2021
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 5,066 0 0 0 0
Annual Time Burden (Hours) 5,108 5,108 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$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


© 2021 OMB.report | Privacy Policy