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

Forms and Documents

Document Name	Status
Final Rule Supporting Statement.doc Supporting Statement A	2014-10-07

IC Document Collections

IC ID	Document Title	Status
213413	Reporting - Section 50.40(b)(4) - Weekly report of progress toward achieving compliance	New
213412	Recordkeeping - Section 50.40(b) - Plan for achieving compliance	New
213411	Reporting - Section 50.40(b) - Notification that liquidity coverage ratio is less than minimum in section 50.10 for 3 consecutive days or otherwise noncompliant	New
213410	Reporting - Section 50.40(a) Notification that liquidity coverage ratio is less than minimum in section 50.10	New
208902	Recordkeeping - Section 50.22(a)(5) - Documented Methodology providing consistent treatment for determining whether HQLA meets operational requirements	Modified
208901	Recordkeeping - Section 50.22(a)(2) - Policies Requiring Eligibile HQLAs to be under control of liquidity risk management function	Modified

ICR Details

OMB Control No: 1557-0323	ICR Reference No: 201407-1557-004
Status: Historical Active	Previous ICR Reference No: 201310-1557-003
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: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/11/2014
	Date Received in OIRA: 10/10/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2017	36 Months From Approved
Responses	400	0	0
Time Burden (Hours)	2,485	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The OCC, FRB, and FDIC have issued a final rule to implement a quantitative liquidity requirement consistent with the liquidity coverage ratio standard established by the Basel Committee on Banking Supervision. The requirement is designed promote improvements in the measurement and management of liquidity risk.

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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:
1557-AD74	Final or interim final rulemaking	79 FR 61440	10/10/2014

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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
Reporting - Section 50.40(b) - Notification that liquidity coverage ratio is less than minimum in section 50.10 for 3 consecutive days or otherwise noncompliant
Reporting - Section 50.40(a) Notification that liquidity coverage ratio is less than minimum in section 50.10
Recordkeeping - Section 50.22(a)(5) - Documented Methodology providing consistent treatment for determining whether HQLA meets operational requirements
Reporting - Section 50.40(b)(4) - Weekly report of progress toward achieving compliance
Recordkeeping - Section 50.22(a)(2) - Policies Requiring Eligibile HQLAs to be under control of liquidity risk management function
Recordkeeping - Section 50.40(b) - Plan for achieving compliance

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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	400	0	0	400	0	0
Annual Time Burden (Hours)	2,485	0	0	2,485	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 increase in burden is due to the fact that this is a new collection.

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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: 10/10/2014

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