📊Proposed Agency Information Collection Activities - Comment Request
Proposed Agency Information Collection Activities; Comment Request
Summary
In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the OCC, the Board, and the FDIC (the agencies) may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The Federal Financial Institutions Examination Council (FFIEC), of which the agencies are members, has approved the agencies' publication for public comment of a proposal to extend for three years, without revision, the Market Risk Regulatory Report for Institutions Subject to the Market Risk Capital Rule (FFIEC 102), which is currently an approved collection of information for each agency. At the end of the comment period for this notice the FFIEC and the agencies will review any comments received to determine whether to modify the proposal in response to comments. As required by the PRA, the agencies will then publish a second Federal Register notice for a 30-day comment period and submit the final FFIEC 102 to OMB for review and approval.
Agencies
- Federal Reserve System
- Treasury Department
- Comptroller of the Currency
- Federal Deposit Insurance Corporation
Business Impact
$$ - Med
The document involves regulatory compliance for financial institutions concerning the Market Risk Regulatory Report (FFIEC 102). Businesses must prepare to submit detailed reports on market risk capital requirements, which affects their operations and compliance burden. This regulatory framework impacts capital management strategies and ongoing operational costs.