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

ICR 201606-7100-014

OMB: 7100-0311

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2016-06-27
ICR Details
7100-0311 201606-7100-014
Historical Active 201512-7100-001
FRS FR 4022
Recordkeeping Requirements Associated with the Interagency Statement on Complex Structured Finance Activities
Extension without change of a currently approved collection   No
Delegated
Approved without change 06/27/2016
Retrieve Notice of Action (NOA) 06/27/2016
  Inventory as of this Action Requested Previously Approved
06/30/2019 36 Months From Approved 06/30/2016
18 0 18
180 0 180
0 0 0

The guidance provides that state member banks, bank holding companies, and U.S. branches and agencies of foreign banks supervised by the Board should establish and maintain policies and procedures for identifying, evaluating, assessing, documenting, and controlling risks associated with certain complex structured finance transactions (CSFTs). The guidance requires supervised entities to provide sufficient information and convey reports to the institution’s management and board of directors concerning elevated risks from CSFTs.

US Code: 12 USC 248(a) Name of Law: Federal Reserve Act
   US Code: 12 USC 248(i) Name of Law: Federal Reserve Act
   US Code: 12 USC 483 Name of Law: Federal Reserve Act
   US Code: 12 USC 602 Name of Law: Federal Reserve Act
   US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act
   US Code: 12 USC 1467a (b)(2) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 3108(a) Name of Law: International Banking Act
  
None

Not associated with rulemaking

  81 FR 19178 04/04/2016
81 FR 39641 06/17/2016
No

1
IC Title Form No. Form Name
Maintain records associated with the 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 18 18 0 0 0 0
Annual Time Burden (Hours) 180 180 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Jennifer Williams 202 452-2446 jennifer.l.williams@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.
06/27/2016


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