Recordkeeping Provisions Associated with the Interagency Statement on Complex Structured Finance Activities

ICR 202209-7100-008

OMB: 7100-0311

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2022-09-29
ICR Details
7100-0311 202209-7100-008
Active 201909-7100-003
FRS FR 4022
Recordkeeping Provisions Associated with the Interagency Statement on Complex Structured Finance Activities
Extension without change of a currently approved collection   No
Delegated
Approved without change 09/29/2022
Retrieve Notice of Action (NOA) 09/29/2022
  Inventory as of this Action Requested Previously Approved
09/30/2025 36 Months From Approved 09/30/2022
18 0 18
180 0 180
0 0 0

This interagency guidance states that certain financial institutions should establish and maintain written policies and procedures for identifying, evaluating, assessing, documenting, and controlling risks associated with complex structured finance transactions (CSFTs) and should retain certain documents related to elevated risk CSFTs, which are a subcategory of CSFTs. The FR 4022 covers these information collections for financial institutions that are subject to the Statement and that are supervised by the Board, which are state member banks, bank holding companies (other than foreign banking organizations), savings and loan holding companies (SLHCs), and U.S. branches and agencies of foreign banks.

US Code: 12 USC 3105(c) Name of Law: International Banking Act of 1978
   US Code: 12 USC 3108(a) Name of Law: International Banking Act of 1978
   US Code: 12 USC 248(a) 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) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 1467a(g) Name of Law: Home Owners’ Loan Act
  
None

Not associated with rulemaking

  87 FR 3809 01/25/2022
87 FR 31552 05/24/2022
No

1
IC Title Form No. Form Name
Maintain records associated with the compliance program

  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 18 18 0 0 0 0
Annual Time Burden (Hours) 180 180 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
No
Brenda Simms 202 475-6340 [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.
09/29/2022


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