Resolution Plans Required for Insured Depository Institutions With $50 Billion or More in Total Assets

ICR 202311-3064-005

OMB: 3064-0185

Federal Form Document

Forms and Documents
ICR Details
3064-0185 202311-3064-005
Received in OIRA 202111-3064-003
FDIC 3064-0185
Resolution Plans Required for Insured Depository Institutions With $50 Billion or More in Total Assets
Revision of a currently approved collection   No
Regular 11/17/2023
  Requested Previously Approved
36 Months From Approved 02/28/2025
47 36
771,975 289,663
0 0

The Rule requires certain insured depository institutions (IDIs) to submit a Resolution Plan that should enable the FDIC, as receiver, to resolve the institution under Sections 11 and 13 of the Federal Deposit Insurance Act (FDI Act), 12 U.S.C. 1821 and 1823, in a manner that ensures that depositors receive access to their insured deposits within one business day of the institution’s failure (two business days if the failure occurs on a day other than Friday), maximizes the net present value return from the sale or disposition of its assets, and minimizes the amount of any loss to be realized by the institution’s creditors. An IDI with $50 billion or more in total assets (i.e., a covered IDI or CIDI) is required to submit periodically to the FDIC a contingent plan for the resolution of such institution in the event of its failure. IDIs with $100 billion or more in total assets would submit full resolution plans, while IDIs with total assets between $50 and $100 billion would submit informational filings.

US Code: 12 USC 1819(a) Tenth, 1821(d)(1) Name of Law: Federal Deposit Insurance Act
US Code: 12 USC 5301 et seq. Name of Law: Dodd-Frank Act

3064-AF90 Proposed rulemaking 88 FR 64579 09/19/2023


  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 47 36 0 0 11 0
Annual Time Burden (Hours) 771,975 289,663 0 0 482,312 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0

Jennifer Jones 202 551-5776 [email protected]


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.

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