Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation WW

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
FRWW_20240430.pdf	Supporting Statement A	Uploaded 2024-04-30	Available
FR WW 83C.pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2024-04-25	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
267296	Section 249.4(a)		New
227748	Disclosure Sections 249.90, 249.91, 249.130, and 249.131		Unchanged
217022	Recordkeeping Sections 249.40(b) and 249.110(b)		Removed
216980	Recordkeeping Sections 249.22(a) and 249.109(b)		Modified
216979	Reporting Sections 249.40(b)(3)(iv) and 249.110(b)		Unchanged
216977	Reporting Sections 249.40(b) and 249.110(b)		Modified
216976	Reporting Sections 249.40(a) and 249.110(a)		Unchanged

ICR Details

OMB Control No: 7100-0367	ICR Reference No: 202404-7100-013
Status: Active	Previous ICR Reference No: 202404-7100-010
Agency/Subagency: FRS	Agency Tracking No: FR WW
Title: Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation WW
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: 04/30/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 04/30/2024
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2027	36 Months From Approved	04/30/2024
Responses	137	0	118
Time Burden (Hours)	2,483	0	2,929
Cost Burden (Dollars)	0	0	0

---

Abstract: The Board, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) (collectively, the agencies) implemented a liquidity coverage ratio (LCR) requirement and a net stable funding ratio (NSFR) requirement, consistent with the international liquidity standards published by the Basel Committee on Banking Supervision (BCBS), for large and internationally active banking organizations. For the Board, these standards are implemented through Regulation WW – Liquidity Risk Measurement, Standards, and Monitoring (12 CFR Part 249). The NSFR and LCR requirements in Regulation WW apply to certain large state member banks, covered depository institution holding companies, and U.S. intermediate holding companies of foreign banking organizations, as well as covered nonbank companies (together, covered companies). The reporting, recordkeeping, and disclosure requirements contained in FR WW are used to monitor covered companies’ compliance with the LCR and NSFR.

---

Authorizing Statute(s): US Code: 12 USC 1844 Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 324 Name of Law: Federal Reserve Act
   US Code: 12 USC 334 Name of Law: Federal Reserve Act
   US Code: 12 USC 1467a 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 248 Name of Law: Federal Reserve Act
   US Code: 12 USC 5366 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 5368 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  

Citations for New Statutory Requirements: None

---

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

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 84328	12/05/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 32430	04/26/2024
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 6

table that charts list of burden

IC Title	Form No.	Form Name
Disclosure Sections 249.90, 249.91, 249.130, and 249.131
Recordkeeping Sections 249.22(a) and 249.109(b)
Recordkeeping Sections 249.40(b) and 249.110(b)
Reporting Sections 249.40(a) and 249.110(a)
Reporting Sections 249.40(b) and 249.110(b)
Reporting Sections 249.40(b)(3)(iv) and 249.110(b)
Section 249.4(a)

---

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	137	118	0	19	0	0
Annual Time Burden (Hours)	2,483	2,929	0	-446	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 Board revised the FR WW information collection to account for three recordkeeping requirements in Regulation WW, contained in section 249.4(a) and section 249.22(a)(1) and (a)(4), which had not been previously cleared by the Board under the Paperwork Reduction Act. Also, the time per response estimates were adjusted causing a net decrease in burden.

---

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.     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

---

Common Form ICR:  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:

(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: 04/30/2024

---