Interagency Guidance on Asset Securitization Activities

Forms and Documents

Document Name	Status
1557-0217 Supporting Statement 7-8-2016.doc Supporting Statement A	2016-07-18

IC Document Collections

IC ID	Document Title	Status
222390	Information System Upgrades Other-Guidance	New
222388	Documentation of Fair Value Other-Guidance	New
20119	Asset Securitization Policy Other-Guidance	Modified

ICR Details

OMB Control No: 1557-0217	ICR Reference No: 201607-1557-003
Status: Historical Active	Previous ICR Reference No: 201305-1557-006
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Interagency Guidance on Asset Securitization Activities
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/26/2016
	Date Received in OIRA: 07/25/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2019	36 Months From Approved	08/31/2016
Responses	5,880	0	48
Time Burden (Hours)	1,828	0	778
Cost Burden (Dollars)	0	0	0

---

Abstract: The information collections contained in the Interagency Guidance are needed by national banks and Federal savings associations (FSAs) to manage their asset securitization activities in a safe and sound manner. The OCC uses the information to evaluate the quality of a national bank's or FSA's risk management practices and to assist national banks and FSAs lacking proper supervision of their asset securitization activities with the implementation of corrective action to ensure that these activities are conducted in a safe and sound manner.

---

Authorizing Statute(s): US Code: 12 USC 1 et seq. Name of Law: National Bank Act
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 24939	04/27/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 48500	07/25/2016
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Information System Upgrades
Asset Securitization Policy
Documentation of Fair Value

---

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	5,880	48	0	0	5,832	0
Annual Time Burden (Hours)	1,828	778	0	0	1,050	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: The increase in burden is due to the availability of more accurate burden estimates. The estimates conform to the estimates of the number of national banks and Federal savings associations involved in asset securitization activities and the number set forth in the final rule on Credit Risk Retention.

---

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]? 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

---

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: 07/25/2016

---