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

Forms and Documents

Document Name	Status
1557-0323 Supporting Statement 5-2-19 (1).doc Supporting Statement A	2019-05-02

IC Document Collections

IC ID	Document Title	Status
213413	Reporting - Sections 50.40(b)(3)(iv) and 50.110(b)(3) - Progress Reports	Modified
213412	Reporting - Sections 50.40(b) and 50.110(b) - Liquidity Plan	Modified
213411	Recordkeeping - Sections 50.40(b) and 50.110(b) - Preparation of Liquidity Plan	Modified
213410	Reporting - Sections 50.40(a) and 50.110(a) Notification of liquidity coverage ratio shortfall	Modified
208902	Recordkeeping - Section 50.22(a)(5) - Documented Methodology providing consistent treatment for determining whether HQLA meets operational requirements	Removed
208901	Recordkeeping - Section 50.22(a)(2), (a)(5), and 50.108(b) - Written procedures to identify/monitor restrictions on transferring assets; Documentation	Modified

ICR Details

OMB Control No: 1557-0323	ICR Reference No: 201905-1557-001
Status: Historical Inactive	Previous ICR Reference No: 201710-1557-003
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: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 06/27/2019
	Date Received in OIRA: 05/24/2019
Terms of Clearance: OIRA has no comments at this time.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2021	36 Months From Approved	02/28/2021
Responses	380	0	380
Time Burden (Hours)	2,361	0	2,361
Cost Burden (Dollars)	0	0	0

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Abstract: The OCC, the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) (collectively, “the agencies) issued a proposed rule that would require depository institution subsidiaries of certain U.S. intermediate holding companies of foreign banking organizations to calculate a Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR). The proposal that would determine the application of regulatory capital requirements to certain U.S. intermediate holding companies of foreign banking organizations and their depository institution subsidiaries and the application of standardized liquidity requirements with respect to certain U.S. operations of large foreign banking organizations and certain of their depository institution subsidiaries, each according to risk-based categories. For liquidity, the proposal would require a foreign banking organization that meets certain criteria to comply with liquidity coverage ratio and net stable funding ratio requirements with respect to any U.S. intermediate holding company and certain depository institution subsidiaries thereof.

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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-AE56	Proposed rulemaking	84 FR 24296	05/24/2019

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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: 5

IC Title	Form No.	Form Name
Recordkeeping - Section 50.22(a)(5) - Documented Methodology providing consistent treatment for determining whether HQLA meets operational requirements
Reporting - Sections 50.40(a) and 50.110(a) Notification of liquidity coverage ratio shortfall
Reporting - Sections 50.40(b) and 50.110(b) - Liquidity Plan
Recordkeeping - Sections 50.40(b) and 50.110(b) - Preparation of Liquidity Plan
Reporting - Sections 50.40(b)(3)(iv) and 50.110(b)(3) - Progress Reports
Recordkeeping - Section 50.22(a)(2), (a)(5), and 50.108(b) - Written procedures to identify/monitor restrictions on transferring assets; Documentation

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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: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: The increase in burden is due to the change in the regulatory requirements.

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Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: 05/24/2019

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