Libor Self-Assessment

ICR 202201-1557-001

OMB: 1557-0349

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Unchanged
Supporting Statement A
2022-01-10
IC Document Collections
IC ID
Document
Title
Status
245291 Unchanged
ICR Details
1557-0349 202201-1557-001
Received in OIRA 202108-1557-006
TREAS/OCC
Libor Self-Assessment
Extension without change of a currently approved collection   No
Regular 01/18/2022
  Requested Previously Approved
36 Months From Approved 02/28/2022
1,096 1,096
8,768 8,768
0 0

The expected cessation of the London InterBank Offered Rate (Libor) by the end of 2021 prompted the OCC to create a self-assessment tool that banks may use in preparing for the expected Libor cessation. The self-assessment tool may be used when a bank is assessing the appropriateness of its Libor transition plan, execution of the plan by its management, and related matters. The OCC is asking OMB to renew its emergency PRA approval.

None
None

Not associated with rulemaking

  86 FR 58723 12/21/2021
87 FR 2666 01/18/2022
No

1
IC Title Form No. Form Name
Libor Self-Assessment Tool N/A, N/A Libor Self-Assessment Tool ,   N/A

  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 1,096 1,096 0 0 0 0
Annual Time Burden (Hours) 8,768 8,768 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

No
    No
    No
No
No
No
No
Christopher McBride 202 649-6402

  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.
01/18/2022


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