Market Risk Capital Requirements

Forms and Documents

Document Name	Status
SPST-0178 Market Risk Capital Requirements 2023 NPR - 9-18-2023.pdf Supporting Statement A	2023-09-18

IC Document Collections

IC ID	Document Title	Status
262232	Section 324.217(f)(2): Annual public disclosures	New
262231	Section 324.217(f)(1) and (f)(3): Quarterly public disclosures	New
262230	Section 324.217(e): Location	New
262229	Section 324.217(d): Proprietary confidential information	New
262228	Section 324.223(b)(10): Historical market data	New
262227	Section 324.223(b)(4), (7), and (9): CVA model validation policy	New
262226	Section 324.220(b): CVA hedging policy	New
262225	Section 324.217(c): Reporting and disclosure policy	New
254695	Section 324.214(b)(7)(v): Weekly risk factor updates	Modified
254694	Section 324.203(h)(2)(ii): Securitization data	Modified
254693	Section 324.203(g): Capital adequacy assessment	Modified
254692	Section 324.203(f): Prudent valuation process	Modified
195655	Section 324.203(e)(3): Internal audit function	Modified
195653	Section 324.203(e)(1): Internal market risk management systems	Modified
195652	Section 324.203(b)(2): Trading desk policies	Modified
195649	Section 324.203(a)(2): Hedging strategies	Modified
195648	Section 324.203(a)(1): Market risk policies and procedures	Modified
195646	Sections 324.203(i) and 324.205(h): General recordkeeping	Modified
195645	Sections 324.203(h)(2)(i): General recordkeeping	Modified
195644	Sections 324.213(a) and 324.213(b): PLA Testing and backtesting	Modified
195641	Sections 324.203(c), 324.203(h), 324.208(h)(1)(ii)(B), and 324.214(b)(7): Demonstrations of compliance	Modified
195640	Section 324.224(d)(3)(ii): Mapping	Modified
195639	Sections 324.204(g)(1)(iii), 324.212(b)(2), and 324.212(c): Model related prior approvals	Modified
195637	Prior approval reporting burdens under part 324, subpart F (Market Risk and Credit Valuation Adjustment)	Modified

ICR Details

OMB Control No: 3064-0178	ICR Reference No: 202309-3064-002
Status: Received in OIRA	Previous ICR Reference No: 202204-3064-003
Agency/Subagency: FDIC	Agency Tracking No: 3064-0178
Title: Market Risk Capital Requirements
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 09/18/2023

	Requested	Previously Approved
Expiration Date	36 Months From Approved	08/31/2025
Responses	761	130
Time Burden (Hours)	22,370	4,460
Cost Burden (Dollars)	0	0

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Abstract: The FDIC’s market risk capital rules (12 CFR part 324, subpart F) establish risk-based capital requirements for FDIC-supervised institutions with significant exposure to market risk, provides methods for these FDIC-supervised institutions to calculate their standardized measure for market risk and, if applicable, advanced measure for market risk, and establishes public disclosure requirements.

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Authorizing Statute(s): US Code: 12 USC 1815(a) 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:
3064-AF29	Proposed rulemaking	88 FR 64028	09/18/2023

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 24

IC Title	Form No.	Form Name
Prior approval reporting burdens under part 324, subpart F (Market Risk and Credit Valuation Adjustment)
Section 324.203(a)(1): Market risk policies and procedures
Section 324.203(a)(2): Hedging strategies
Section 324.203(b)(2): Trading desk policies
Section 324.203(e)(1): Internal market risk management systems
Section 324.203(e)(3): Internal audit function
Section 324.203(f): Prudent valuation process
Section 324.203(g): Capital adequacy assessment
Section 324.203(h)(2)(ii): Securitization data
Section 324.214(b)(7)(v): Weekly risk factor updates
Section 324.217(c): Reporting and disclosure policy
Section 324.217(d): Proprietary confidential information
Section 324.217(e): Location
Section 324.217(f)(1) and (f)(3): Quarterly public disclosures
Section 324.217(f)(2): Annual public disclosures
Section 324.220(b): CVA hedging policy
Section 324.223(b)(10): Historical market data
Section 324.223(b)(4), (7), and (9): CVA model validation policy
Section 324.224(d)(3)(ii): Mapping
Sections 324.203(c), 324.203(h), 324.208(h)(1)(ii)(B), and 324.214(b)(7): Demonstrations of compliance
Sections 324.203(h)(2)(i): General recordkeeping
Sections 324.203(i) and 324.205(h): General recordkeeping
Sections 324.204(g)(1)(iii), 324.212(b)(2), and 324.212(c): Model related prior approvals
Sections 324.213(a) and 324.213(b): PLA Testing and backtesting

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ICR Summary of Burden

	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	761	130	0	0	631	0
Annual Time Burden (Hours)	22,370	4,460	0	0	17,910	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government:

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.     No

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]? Yes

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: 09/18/2023

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