Recordkeeping Provisions Associated with Guidance on Leveraged Lending

ICR 202201-7100-007

OMB: 7100-0354

Federal Form Document

Forms and Documents
Document
Name
Status
Justification for No Material/Nonsubstantive Change
2022-04-20
IC Document Collections
IC ID
Document
Title
Status
201728 Modified
ICR Details
7100-0354 202201-7100-007
Active 201911-7100-003
FRS FR 4203
Recordkeeping Provisions Associated with Guidance on Leveraged Lending
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 04/20/2022
Retrieve Notice of Action (NOA) 04/20/2022
  Inventory as of this Action Requested Previously Approved
11/30/2022 11/30/2022 11/30/2022
37 0 40
27,935 0 30,200
0 0 0

The Interagency Guidance on Leveraged Lending (Guidance) outlines high-level principles related to safe-and-sound leveraged lending activities. The Guidance includes a number of voluntary recordkeeping provisions that apply to financial institutions engaged in leveraged lending activities for which the Board is the primary federal supervisor, including bank holding companies, savings and loan holding companies, state member banks, and state-chartered branches and agencies of foreign banks that engage in these activities.

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 1844(c) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 1467a(b)(3) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 3105(c)(2) Name of Law: International Banking Act of 1978
  
None

Not associated with rulemaking

  84 FR 31866 07/03/2019
84 FR 55959 10/18/2019
No

1
IC Title Form No. Form Name
Maintain guidance provisions

  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 37 40 0 0 -3 0
Annual Time Burden (Hours) 27,935 30,200 0 0 -2,265 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
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.
04/20/2022


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