Interagency Guidance on Asset Securitization Activities

Forms and Documents

Document Name	Status
FR2 Nov 85 FR 76571 Nov 30 2020.pdf Supplementary Document	2020-11-29
FR1 Nov 85 FR 59797 Sept 23 2020.pdf Supplementary Document	2020-11-29
SPST-0137 Renewal (2020) Final.pdf Supporting Statement A	2020-11-27

IC Document Collections

IC ID	Document Title	Status
31951	Documentation of Fair Value Other-Guidance	Unchanged
224968	MIS Improvements - Systems Upgrades Other-Guidance	Unchanged
224967	MIS Improvements - New Entrant Other-Guidance	Modified
224966	Asset Securitization Policies - Upgrades of Policies Other-Guidance	Unchanged
224965	Asset Securitization Policies - New Entrant Other-Guidance	Modified

ICR Details

OMB Control No: 3064-0137	ICR Reference No: 202011-3064-004
Status: Received in OIRA	Previous ICR Reference No: 201709-3064-001
Agency/Subagency: FDIC	Agency Tracking No: 3064-0137
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	Date Submitted to OIRA: 11/30/2020

	Requested	Previously Approved
Expiration Date	36 Months From Approved	01/31/2021
Responses	32	28
Time Burden (Hours)	263	157
Cost Burden (Dollars)	0	0

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Abstract: Insured financial institutions engaged in asset securitization must develop written asset securitization policies, document fair value of retained interests, and establish a management information system to monitor securitization activities.

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Authorizing Statute(s): US Code: 12 USC 5301 et seq. Name of Law: Dodd-Frank Wall Street Reform And Consumer Protection Act
   US Code: 12 USC 1818(b) Name of Law: Federal Deposit Insurance Act
  

Citations for New Statutory Requirements: US Code: 12 USC 5301 et seq. Name of Law: Dodd-Frank Wall Street Reform And Consumer Protection Act

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

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 59797	09/23/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 76571	11/30/2020
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
Documentation of Fair Value
Asset Securitization Policies - New Entrant
Asset Securitization Policies - Upgrades of Policies
MIS Improvements - New Entrant
MIS Improvements - Systems Upgrades

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ICR Summary of Burden

	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	32	28	0	0	4	0
Annual Time Burden (Hours)	263	157	0	0	106	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:

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Annual Cost to Federal Government: $0

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]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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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: 11/30/2020

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