Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation LL

Forms and Documents

Document Name	Status
FRLL_20211230_omb.pdf Supporting Statement A	2021-12-30

IC Document Collections

IC ID	Document Title	Status
250427	Disclosure Section 238.146	New
250426	Disclosure Section 238.146 (Initial setup)	New
250425	Recordkeeping Section 238.170(e)(1)(iii)	New
250424	Recordkeeping Section 238.170(e)(1)(i)	New
250423	Reporting Section 238.170(j)(4)	New
250422	Reporting Sections 238.170(j)(1) and (2)	New
250421	Reporting Section 238.170(i)	New
250420	Reporting Section 238.170(h)(2)(ii)(B)	New
250419	Reporting Section 238.170(e)(4)	New
250418	Reporting Section 238.170(e)(3)	New
243440	Reporting Section 238.170(e)(1)(ii)	Modified
243439	Reporting Section 238.162(b)(1)(ii)	Modified
243438	Reporting Section 238.132(c)(2)(ii)	Modified

ICR Details

OMB Control No: 7100-0380	ICR Reference No: 202108-7100-005
Status: Active	Previous ICR Reference No: 202009-7100-001
Agency/Subagency: FRS	Agency Tracking No: FR LL
Title: Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation LL
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/30/2021
	Date Received in OIRA: 12/30/2021
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2024	04/30/2024	09/30/2023
Responses	13	0	3
Time Burden (Hours)	10,484	0	145
Cost Burden (Dollars)	0	0	0

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Abstract: In November 2019, the Board amended its Regulation LL - Savings and Loan Holding Companies (12 CFR Part 238) to require certain savings and loan holding companies (SLHCs) to conduct company-run periodic stress tests. Specifically, a domestic covered SLHC must conduct a company-run stress test if it is a Category II SLHC or a Category III SLHC, as defined by section 238.10 of Regulation LL, or if it has average total consolidated assets of greater than $250 billion; and a foreign SLHC must conduct a company-run stress test if it has average total consolidated assets of greater than $250 billion. This information collection consists of provisions in the amended Regulation LL that require an SLHC to report the results of its company-run stress tests to the Board and to publicly disclose a summary of the results such stress tests.

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Authorizing Statute(s): US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 1467a(g) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 1467a(b)(2) Name of Law: Home Owners’ Loan Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
7100-AF95	Final or interim final rulemaking	86 FR 7927	02/03/2021

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 63222	10/07/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 7927	02/03/2021
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 13

IC Title	Form No.	Form Name
Disclosure Section 238.146
Disclosure Section 238.146 (Initial setup)
Recordkeeping Section 238.170(e)(1)(i)
Recordkeeping Section 238.170(e)(1)(iii)
Reporting Section 238.132(c)(2)(ii)
Reporting Section 238.162(b)(1)(ii)
Reporting Section 238.170(e)(1)(ii)
Reporting Section 238.170(e)(3)
Reporting Section 238.170(e)(4)
Reporting Section 238.170(h)(2)(ii)(B)
Reporting Section 238.170(i)
Reporting Section 238.170(j)(4)
Reporting Sections 238.170(j)(1) and (2)

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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	13	3	0	10	0	0
Annual Time Burden (Hours)	10,484	145	0	10,339	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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 estimated total annual burden for the FR LL is 145 hours, and would increase to 10,484 hours as a result of the revisions. Currently, there are no foreign SLHCs in existence, and only one domestic covered SLHC.

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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]? No

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: 12/30/2021

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