Basel II Capital: Disclosures and Recordkeeping

Forms and Documents

Document Name	Status
SPST-Basel II.doc Supporting Statement A	2006-10-05

IC Document Collections

IC ID	Document Title	Status
45438	Disclosures (sections 42, 71)	New
45437	Control, oversight and verification of systems	New
45436	Supervisory approvals (various sections)	New
45435	Systems Maintenance (sections 22, 23)	New
45434	Implementation (section 21)	New
45433	Documentation (section 22)	New

ICR Details

OMB Control No: 3064-0153	ICR Reference No: 200609-3064-001
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: FDIC	Agency Tracking No:
Title: Basel II Capital: Disclosures and Recordkeeping
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Preapproved	Conclusion Date: 11/20/2006
	Date Received in OIRA: 09/27/2006
Terms of Clearance: "Preapproved" because this collection is subject to a proposed rule.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2009	36 Months From Approved
Responses	114	0	0
Time Burden (Hours)	7,801	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: This collection comprises the disclosure and recordkeeping requirements for state non-member banks associated with the Basel II advanced capital adequacy framework.

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Authorizing Statute(s): US Code: 12 USC 1831(o) 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-AC73	Proposed rulemaking	71 FR 55830	09/25/2006

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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: 6

IC Title	Form No.	Form Name
Systems Maintenance (sections 22, 23)
Control, oversight and verification of systems
Documentation (section 22)
Supervisory approvals (various sections)
Implementation (section 21)
Disclosures (sections 42, 71)

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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	114	0	0	114	0	0
Annual Time Burden (Hours)	7,801	0	0	7,801	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: Changing Regulations

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

Burden Reduction Due to:

Short Statement: The program changes in this ICR are associated with the U.S. implementation of the new risk-based regulatory capital framework known as Basel II. Basel II recognizes developments in financial products, incorporates advances in risk measurements and management, ans assesses capital requirements that are generally more sensitive to risk.

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Annual Cost to Federal Government: $60,800

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

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? Yes

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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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: 09/27/2006

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