Reporting Requirements Associated with Regulation QQ( Resolution Plans Required)

Forms and Documents

Document Name	Status
OMB supporting statment (7.2.12).docx Supporting Statement A	2012-07-02
RegQQ_R1414_LW_20111017_joint_nfrm_PR.pdf Supplementary Document	2012-07-02
RegYY_R1414_LW_20110412_joint_nprm_PR.pdf Supplementary Document	2012-07-02

IC Document Collections

IC ID	Document Title	Status
202989	Reg QQ - Ongoing Request for Extension to Resubmit	New
202987	Reg QQ - Ongoing Notice of Material Events	New
202986	Reg QQ - Ongoing Annual Resolution and Resubmissions - full reporters	New
202985	Reg QQ - Ongoing Annual Resolution and Resubmissions - Tailored reporters	New
202984	Reg QQ - Additional Information Requests	New
202983	Reg QQ - Implement Resolution plan - full reporters	New
202982	Reg QQ - Implement Resolution plan - Tailored reporters	New

ICR Details

OMB Control No: 7100-0346	ICR Reference No: 201207-7100-001
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: FRS	Agency Tracking No: Regulation QQ
Title: Reporting Requirements Associated with Regulation QQ( Resolution Plans Required)
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/02/2012
	Date Received in OIRA: 07/02/2012
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2015	36 Months From Approved
Responses	323	0	0
Time Burden (Hours)	855,304	0	0
Cost Burden (Dollars)	0	0	0

---

Abstract: Regulation QQ, pursuant to section 165(d) of the Dodd-Frank Act, requires each nonbank financial company supervised by the Board and each bank holding company with total consolidated assets of $50 billion or more (each a ''covered company'') to periodically submit to the Board, the Corporation, and the Council a plan for such company's rapid and orderly resolution in the event of material financial distress or failure.

---

Authorizing Statute(s): PL: Pub.L. 111 - 203 124 Stat. 1376, 1426¿1427 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 5365(d)(8) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 5 USC 552(b)(4) and 552(b)(8) Name of Law: Freedom of Information Act
  

Citations for New Statutory Requirements: US Code: 12 USC 5365(d)(8) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
PL: Pub.L. 111 - 203 124 Stat. 1376, 1426¿1427 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
7100-AD73	Final or interim final rulemaking	76 FR 67323	11/01/2011

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 22648	04/22/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 67323	11/01/2011
Did the Agency receive public comments on this ICR? Yes

---

Number of Information Collection (IC) in this ICR: 7

IC Title	Form No.	Form Name
Reg QQ - Implement Resolution plan - Tailored reporters
Reg QQ - Implement Resolution plan - full reporters
Reg QQ - Additional Information Requests
Reg QQ - Ongoing Annual Resolution and Resubmissions - Tailored reporters
Reg QQ - Ongoing Annual Resolution and Resubmissions - full reporters
Reg QQ - Ongoing Notice of Material Events
Reg QQ - Ongoing Request for Extension to Resubmit

---

ICR Summary 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	323	0	323	0	0	0
Annual Time Burden (Hours)	855,304	0	855,304	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: On April 22, 2011, the Board and the Corporation (the Agencies) published a joint notice of proposed rulemaking (NRPM) (Resolution Plans and Credit Exposure Reports Required) in the Federal Register for public comment (76 FR 22648). The comment period for the NPRM expired June 10, 2011. The Agencies collectively received 22 comment letters from a range of individuals and banking organizations, as well as industry and trade groups representing banking, insurance, and the broader financial services industry; three comments specifically addressed the paperwork burden. On November 1, 2011, the Agencies published a notice of final rulemaking in the Federal Register (76 FR 67323), addressing the remaining comments in detail. This final rule implements the resolution plan requirement set forth in section 165(d)(1) of the Dodd-Frank Act. The effective date for Regulation QQ is November 30, 2011; however, the first resolution plans would be submitted in July 2012.

---

Annual Cost to Federal Government: $0

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]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

---

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: 07/02/2012

---