Risk-Based Capital Standards

ICR 202011-1557-001

OMB: 1557-0318

Federal Form Document

Forms and Documents
ICR Details
1557-0318 202011-1557-001
Received in OIRA 202005-1557-004
TREAS/OCC
Risk-Based Capital Standards
Extension without change of a currently approved collection   No
Regular 12/08/2020
  Requested Previously Approved
36 Months From Approved 01/31/2021
2,773 2,811
66,105 66,333
0 0

This supporting statement relates to renewing the emergency approval granted for an interim final rule that introduces a new notice opt-in requirement and a requirement for prior approval for distributions. A a national bank or Federal savings association, when calculating on-balance sheet assets as of each day of a reporting quarter for purposes of determining the national bank’s or Federal savings association’s total leverage exposure, may exclude the balance sheet carrying value of U.S. Treasury securities and funds on deposit at a Federal Reserve Bank. Before applying this relief, a national bank or Federal savings association must first notify the OCC. During the calendar quarter beginning on July 1, 2020, and until March 31, 2021, no national bank or Federal savings association that has opted in to this relief may make a distribution, or create an obligation to make such a distribution, without prior OCC approval.

US Code: 12 USC 1 et seq. Name of Law: The National Bank Act
   US Code: 12 USC 3901-3909 Name of Law: International Lending Supervision Act
   US Code: 12 USC 1464 Name of Law: Homeowners' Loan Act
  
None

Not associated with rulemaking

  85 FR 60281 09/24/2020
85 FR 79075 12/08/2020
No

  Total Request 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 2,773 2,811 0 0 -38 0
Annual Time Burden (Hours) 66,105 66,333 0 0 -228 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

No
    No
    No
No
No
No
Yes
Carl Kaminski 202 649-5869 carl.kaminski@occ.treas.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.
12/08/2020


© 2024 OMB.report | Privacy Policy