Reporting and Recordkeeping Requirements Associated with Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring

Forms and Documents

Document Name	Status
1557-0323 LCR-Liquidity Risk Measurement - Supporting Statement Final (Submitted to OMB).docx Supporting Statement A	2024-07-10

IC Document Collections

IC ID	Document Title	Status
269320	Recordkeeping - Section 50.4(a) - Maintain sufficient written documentation of legal review. Establish and maintain written procedures.	New
238373	Recordkeeping - 50.22(a)(5) - Documented methodology providing consistent treatment for determining whether eligible HQLA meets operational requirements.	Removed
213413	Reporting - Sections 50.40(b)(3)(iv) and 50.110(b)(3) - Progress Reports.	Modified
213412	Reporting - Sections 50.40(b) and 50.110(b) - Liquidity Plan.	Modified
213411	Recordkeeping - Sections 50.40(b) and 50.110(b) - Preparation of Liquidity Plan	Removed
213410	Reporting - Sections 50.40(a) and 50.110(a) Notification of shortfall.	Modified
208901	Recordkeeping - Section 50.22(a) and 50.109(b) - Written procedures to identify/monitor restrictions on transferring assets; Documented methodology.	Modified

ICR Details

OMB Control No: 1557-0323	ICR Reference No: 202407-1557-001
Status: Received in OIRA	Previous ICR Reference No: 202010-1557-003
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Reporting and Recordkeeping Requirements Associated with Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 07/11/2024

	Requested	Previously Approved
Expiration Date	36 Months From Approved
Responses	285	0
Time Burden (Hours)	736	0
Cost Burden (Dollars)	0	0

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Abstract: The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (the Board), and the Federal Deposit Insurance Corporation (FDIC) (collectively, the agencies) implemented a quantitative liquidity requirement, known as the liquidity coverage ratio (LCR), and a stable funding requirement, known as the net stable funding ratio (NSFR), that apply to certain large banking organizations. For the OCC, these standards are implemented through 12 CFR part 50, Liquidity Risk Measurement Standards. The LCR is designed to promote the short-term resilience of the liquidity risk profile of covered banking organizations and promote improvements in the measurement and management of liquidity risk. The NSFR is designed to reduce the likelihood that disruptions to a banking organization’s regular sources of funding will compromise its liquidity position, promote effective liquidity risk management, and support the ability of banking organizations to provide financial intermediation to businesses and households across a range of market conditions. The reporting and recordkeeping requirements contained in this collection are used to monitor covered banks’ compliance with the LCR and NSFR.

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Authorizing Statute(s): US Code: 12 USC 1 et seq. Name of Law: National Bank 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:
	89 FR 27001	04/16/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 56809	07/10/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 5

IC Title	Form No.	Form Name
Recordkeeping - 50.22(a)(5) - Documented methodology providing consistent treatment for determining whether eligible HQLA meets operational requirements.
Recordkeeping - Section 50.22(a) and 50.109(b) - Written procedures to identify/monitor restrictions on transferring assets; Documented methodology.
Recordkeeping - Section 50.4(a) - Maintain sufficient written documentation of legal review. Establish and maintain written procedures.
Recordkeeping - Sections 50.40(b) and 50.110(b) - Preparation of Liquidity Plan
Reporting - Sections 50.40(a) and 50.110(a) Notification of shortfall.
Reporting - Sections 50.40(b) and 50.110(b) - Liquidity Plan.
Reporting - Sections 50.40(b)(3)(iv) and 50.110(b)(3) - Progress Reports.

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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	285	0	0	25	0	260
Annual Time Burden (Hours)	736	0	0	-2,495	0	3,231
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 increase in burden is due to, two subsidiaries, now meeting the reporting requirement threshold. The decrease in burden is due to completion of the initial preparation of liquidity plan.

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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]? 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: 07/11/2024

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