Recordkeeping Provisions Associated with the Guidance on Sound Incentive Compensation Policies

ICR 202204-7100-001

OMB: 7100-0327

Federal Form Document

Forms and Documents
Document
Name
Status
Justification for No Material/Nonsubstantive Change
2022-04-08
ICR Details
7100-0327 202204-7100-001
Historical Active 201904-7100-003
FRS FR 4027
Recordkeeping Provisions Associated with the Guidance on Sound Incentive Compensation Policies
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 04/08/2022
Retrieve Notice of Action (NOA) 04/08/2022
  Inventory as of this Action Requested Previously Approved
04/30/2022 04/30/2022 04/30/2022
5,261 0 5,712
210,920 0 228,960
0 0 0

The Guidance on Sound Incentive Compensation Policies (the Guidance) is an interagency publication that is intended to assist banking organizations in designing and implementing incentive compensation arrangements that do not encourage imprudent risk-taking and that are consistent with the safety and soundness of the organization. The Guidance contains voluntary recordkeeping collections of information.

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 Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 325 Name of Law: Federal Reserve Act
   US Code: 12 USC 248(a) Name of Law: Federal Reserve Act
   US Code: 12 USC 1467a(b)(2) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 3105(c) Name of Law: International Banking Act of 1978
   US Code: 12 USC 1831p-1(c) Name of Law: Federal Deposit Insurance Act
  
None

Not associated with rulemaking

  83 FR 61637 11/30/2018
84 FR 6787 02/28/2019
No

3
IC Title Form No. Form Name
One-time implementation Large institutions
One-time implementation Small institutions
Ongoing 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 5,261 5,712 0 0 -451 0
Annual Time Burden (Hours) 210,920 228,960 0 0 -18,040 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
Robert Dahl 202 622-3119 [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.
04/08/2022


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