Recordkeeping Requirements Associated with the Interagency Statement on Complex Structured Finance Activities

ICR 201212-7100-005

OMB: 7100-0311

Federal Form Document

Forms and Documents
Document
Name
Status
Justification for No Material/Nonsubstantive Change
2012-12-12
IC Document Collections
ICR Details
7100-0311 201212-7100-005
Historical Active 200905-7100-004
FRS FR 4022
Recordkeeping Requirements Associated with the Interagency Statement on Complex Structured Finance Activities
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 12/12/2012
Retrieve Notice of Action (NOA) 12/12/2012
  Inventory as of this Action Requested Previously Approved
12/31/2012 12/31/2012 12/31/2012
20 0 20
200 0 230
0 0 0

This inter-agency statement provides internal controls and risk management procedures, including policies and procedures, to help financial institutions identify, manage, and address heightened reputational and legal risks that may arise from certain complex structured finance transactions.

US Code: 12 USC 248(a), 248(i), 483, 602 Name of Law: Federal Reserve Act
   US Code: 12 USC 1844 Name of Law: Bank Holding Company Act
   US Code: 12 USC 3801(a) Name of Law: International Banking Act
  
None

Not associated with rulemaking

  74 FR 14988 04/02/2009
74 FR 27319 06/09/2009
No

1
IC Title Form No. Form Name
Existing respondents (Maintain compliance program)
New respondents (Establish compliance program)

  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 20 20 0 0 0 0
Annual Time Burden (Hours) 200 230 0 0 -30 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
Decrease in burden hours reflects the removal of establishing a compliance program and an increase in the respondent panel for maintaining compliance program.

$0
No
No
No
No
No
Uncollected
John Schmidt 202-728-5859 john.schmidt@frb.gov

  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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
12/12/2012


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