Justification Memo

Federal Deposit Insurance Corporation

550 17th Street NW, Washington, D.C. 20429-9990

550 17th Street NW, Washington, D.C. 20429-9990

April 12, 2018

 

Memorandum to:        William Bestani

                                    Policy Analyst 

                                    Office of Information and Regulatory Affairs

                                    Office of Management and Budget

 

From:                Jennifer Jones

Counsel

                                    Federal Deposit Insurance Corporation

 

RE: Nonsubstantive Revisions to Information Collection

FDIC is submitting for OMB review and approval minor, nonsubstantive revisions to the information collection entitled “Regulatory Capital Rules” (OMB Control Number 3064-0153). The FDIC is updating the respondent count. The FDIC’s last submission for OMB control number 3064-0153 (in connection with the final rule titled, “Losses Methodology for Allowances and Related Adjustments to the Regulatory Capital Rule and Conforming Amendments to Other Regulations”) was approved by OMB on February 14, 2019. No change has been made to the methodology in connection with this collection. The number of respondents has changed due to economic fluctuation and not as a result of the rulemaking titled, “Regulatory Capital Rule: Simplifications to the Capital Rule Pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996.”

If you have any questions, please let me know. Thank you for your consideration.