Market Risk Capital Requirements

Forms and Documents

Document Name	Status
SPST Market Risk (1-11-11).doc Supporting Statement A	2011-01-11

IC Document Collections

IC ID	Document Title	Status
195655	Qualitative disclosures for each portfolio of covered positions	New
195654	Quantitative disclosures for each portfolio of covered positions	New
195653	Disclosure policy	New
195652	Quantitative market risk disclosures	New
195651	Securitization positions	New
195650	Requirements for stress testing	New
195649	Comprehensive risk measurement -- prior approval	New
195648	Incremental risk model -- prior approval	New
195647	Modeled specific risk	New
195646	Stressed VaR-based measure quantitative requirements	New
195645	Retention of subportfolio information	New
195644	Demonstrate appropriateness of proxies	New
195643	Backtesting adjustments to risk-based capital ratio calculations	New
195642	Internal audit report	New
195641	Review of internal models	New
195640	Active management of covered positions	New
195639	Trading and hedging strategies	New
195637	Identification of trading positions	New

ICR Details

OMB Control No: 3064-0178	ICR Reference No: 201012-3064-003
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: FDIC	Agency Tracking No:
Title: Market Risk Capital Requirements
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: Comment filed on proposed rule	Conclusion Date: 04/28/2011
	Date Received in OIRA: 01/11/2011
Terms of Clearance: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). In accordance with 5 CFR 1320, OMB is withholding approval at this time. The agency shall examine public comment in response to the NPRM and will include in the supporting statement of the next ICR--to be submitted to OMB at the final rule stage--a description of how the agency has responded to any public comments on the ICR, including comments on maximizing the practical utility of the collection and minimizing the burden.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date		36 Months From Approved
Responses	0	0	0
Time Burden (Hours)	0	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: This collection is based on the June 2004 Basel Committee of Banking Supervision's final paper "International Convergence of Capital Measurement and Capital Standards: A Revised Framework" and the June 2009 BCBS's final paper entitled "Revisions to the Basel II Market Risk Framework -- Final Version." This framework recognizes developments in financial products, incorporates advances in risk measurement and management practices, and assesses capital requirements that are generally more sensitive to risk.

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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-AD70	Proposed rulemaking	76 FR 1890	01/11/2011

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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: 18

IC Title	Form No.	Form Name
Trading and hedging strategies
Active management of covered positions
Review of internal models
Stressed VaR-based measure quantitative requirements
Modeled specific risk
Comprehensive risk measurement -- prior approval
Quantitative market risk disclosures
Quantitative disclosures for each portfolio of covered positions
Qualitative disclosures for each portfolio of covered positions
Demonstrate appropriateness of proxies
Backtesting adjustments to risk-based capital ratio calculations
Retention of subportfolio information
Identification of trading positions
Requirements for stress testing
Internal audit report
Incremental risk model -- prior approval
Disclosure policy
Securitization positions

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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: This burden increase of 1,964 hours is the result of a new collection arising from reporting, recordkeeping, and disclosure requirements contained in a notice of proposed rulemaking, jointly issued by the FDIC, the FRB, and the OCC, revising the definitions of positions suject to the market risk-based capital requirements to reduce regulatory arbitage between the market risk and the credit risk capital frameworks.

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Annual Cost to Federal Government:

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? 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? 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: 01/11/2011

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