Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation Q

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
FRQ_20230324_omb.pdf	Supporting Statement A	Uploaded 2023-03-24	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
246134	Advanced Approach - Disclosure Section 217.173 Table 13		Modified
246132	Advanced Approach - Disclosure Sections 217.124(a) and 217.173 Tables 2, 3, 4, 5, 9, and 12		Modified
236575	Advanced Approach - Disclosure Sections 217.142 and 217.172		Modified
236574	Advanced Approach - Recordkeeping Sections 217.132(d)(3)(viii) and 217.141(c)(2)(i)-(ii)		Modified
228046	Advanced Approach - Recordkeeping Sections 217.121(b), 217.122, 217.132(d)(3)(ix), and 217.132(d)(3)(xi)		Modified
222112	Advanced Approach - Reporting Sections 217.123, 217.124, 217.132(b)(2)(iii)(A), 217.132(b)(3), 217.132(d)(1), 217.132(d)(1)(iii), and 217.132(d)(2)(iv)		Modified
210475	Standardized Approach - Disclosure Sections 217.42(e)(2), 217.62, and 217.63		Modified
210474	Standardized Approach - Recordkeeping Sections 217.35(b)(3)(i)(A), 217.37(c)(4)(i)(E), and 217.41(c)(2)(ii)		Modified
210473	Standardized Approach - Reporting Section 217.37(c)(4)(i)(E)		Modified
210472	Minimum Capital Ratios - Recordkeeping Section 217.3(d)		Modified
210470	Advanced Approach - Disclosure Section 217.173 Tables 2, 3, 4, 5, 9, and 12 (Initial Setup)		Modified
210469	Advanced Approach - Recordkeeping Sections 217.132(d)(3)(vi), 217.132(d)(3)(viii), 217.132(d)(3)(ix), 217.132(d)(3)(x), 217.132(d)(3)(xi), 217.141(b)(3), 217.141(c)(1), 217.141(c)(2)(i (Initial Setup)		Modified
210468	Advanced Approach - Reporting Sections 217.132(b)(2)(iii)(A), 217.132(d)(2)(iv), and 217.153 (Initial Setup)		Modified
210467	Standardized Approach - Disclosure Sections 217.42(e)(2), 217.62, and 217.63 (Initial Setup)		Unchanged
210466	Standardized Approach - Recordkeeping Sections 217.35(b)(3)(i)(A), 217.37(c)(4)(i)(E), 217.41(b)(3), and 217.41(c)(2)(i) (Initial Setup)		Unchanged

ICR Details

OMB Control No: 7100-0313	ICR Reference No: 202303-7100-005
Status: Active	Previous ICR Reference No: 202208-7100-010
Agency/Subagency: FRS	Agency Tracking No: FR Q
Title: Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation Q
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/24/2023
Retrieve Notice of Action (NOA)	Date Received in OIRA: 03/24/2023
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2026	36 Months From Approved	03/31/2023
Responses	2,607	0	2,624
Time Burden (Hours)	76,250	0	76,216
Cost Burden (Dollars)	0	0	0

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Abstract: The Board’s Regulation Q - Capital Adequacy of Bank Holding Companies, Savings and Loan Holding Companies, and State Member Banks (12 CFR Part 217) sets forth the capital adequacy requirements for state member banks (SMBs), certain bank holding companies (BHCs), U.S. intermediate holding companies (IHCs), and certain covered savings and loan holding companies (SLHCs) (collectively, Board-regulated institutions).

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Authorizing Statute(s): US Code: 12 USC 1844(b) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 1467a(g) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 5365(b)(1)(A)(i) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 5365(b)(1)(B)(iv) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 324 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)(2) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 248(a) Name of Law: Federal Reserve Act
   US Code: 12 USC 1831o Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 3907(a)(1) Name of Law: International Lending Supervision Act of 1983
   US Code: 12 USC 1813(q) Name of Law: Federal Deposit Insurance Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 66701	11/04/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 12933	03/01/2023
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 15

table that charts list of burden

IC Title	Form No.	Form Name
Advanced Approach - Disclosure Section 217.173 Table 13
Advanced Approach - Disclosure Section 217.173 Tables 2, 3, 4, 5, 9, and 12 (Initial Setup)
Advanced Approach - Disclosure Sections 217.124(a) and 217.173 Tables 2, 3, 4, 5, 9, and 12
Advanced Approach - Disclosure Sections 217.142 and 217.172
Advanced Approach - Recordkeeping Sections 217.121(b), 217.122, 217.132(d)(3)(ix), and 217.132(d)(3)(xi)
Advanced Approach - Recordkeeping Sections 217.132(d)(3)(vi), 217.132(d)(3)(viii), 217.132(d)(3)(ix), 217.132(d)(3)(x), 217.132(d)(3)(xi), 217.141(b)(3), 217.141(c)(1), 217.141(c)(2)(i (Initial Setup)
Advanced Approach - Recordkeeping Sections 217.132(d)(3)(viii) and 217.141(c)(2)(i)-(ii)
Advanced Approach - Reporting Sections 217.123, 217.124, 217.132(b)(2)(iii)(A), 217.132(b)(3), 217.132(d)(1), 217.132(d)(1)(iii), and 217.132(d)(2)(iv)
Advanced Approach - Reporting Sections 217.132(b)(2)(iii)(A), 217.132(d)(2)(iv), and 217.153 (Initial Setup)
Minimum Capital Ratios - Recordkeeping Section 217.3(d)
Standardized Approach - Disclosure Sections 217.42(e)(2), 217.62, and 217.63
Standardized Approach - Disclosure Sections 217.42(e)(2), 217.62, and 217.63 (Initial Setup)
Standardized Approach - Recordkeeping Sections 217.35(b)(3)(i)(A), 217.37(c)(4)(i)(E), 217.41(b)(3), and 217.41(c)(2)(i) (Initial Setup)
Standardized Approach - Recordkeeping Sections 217.35(b)(3)(i)(A), 217.37(c)(4)(i)(E), and 217.41(c)(2)(ii)
Standardized Approach - Reporting Section 217.37(c)(4)(i)(E)

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ICR Summary of Burden

table that charts list of burden

	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	2,607	2,624	0	-17	0	0
Annual Time Burden (Hours)	76,250	76,216	0	34	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimated total annual burden for the FR Q is 76,216 hours, and would increase to 76,250 hours with the revisions. The Board revised the FR Q information collection to account for a reporting provision in section 217.37(c)(4)(i)(E) of Regulation Q and a disclosure provision in section 217.124(a) of Regulation Q, which have not been previously cleared by the Board under the Paperwork Reduction Act (PRA).

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 03/24/2023

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