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Federal forms, ICRs, and supporting documents

Information Collection Request

Reporting and Recordkeeping Requirements Associated with Margin and Capital Requirements for Covered Swaps Entities (Regulation KK)

ICR 201702-7100-006 · OMB 7100-0364 · Historical Active

Forms and Documents
Document
Name
Status
Supporting Statement A
2017-02-13
IC Document Collections
IC ID
Document
Title
Status
225700
New
225699
New
225698
New
225697
New
225696
New
225695
New
225694
New
225693
New
211489
Modified
211488
Modified
ICR Details
7100-0364 201702-7100-006
Historical Active 201402-7100-003
FRS FR KK
Reporting and Recordkeeping Requirements Associated with Margin and Capital Requirements for Covered Swaps Entities (Regulation KK)
Revision of a currently approved collection   No
Delegated
Approved without change 02/13/2017
Retrieve Notice of Action (NOA) 02/13/2017
  Inventory as of this Action Requested Previously Approved
02/29/2020 36 Months From Approved 12/31/2017
13,002 0 14
36,964 0 98
0 0 0
The Board adopted a final rule that implemented section 716 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Regulation KK treats an uninsured U.S. branch or agency of a foreign bank as an insured depository institution for purposes of section 716 of the Dodd-Frank Act and establishes a process by which a state member bank or uninsured state branch or agency of a foreign bank may request a transition period to conform its swaps activities to the Dodd-Frank Act. The reporting requirements are found in sections 237.22(a)(1) and 237.22(e) of the final rule for state member banks and uninsured U.S. branches or agencies of foreign banks.
US Code: 15 USC 78o-10 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 7 USC 1a(39) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 15 USC 8305(f) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 7 USC 6s Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  
PL: Pub.L. 111 - 203 124 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
7100-AD74 Final or interim final rulemaking 80 FR 74840 11/30/2015
  76 FR 27564 05/11/2011
79 FR 57348 09/24/2014
No
  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 13,002 14 12,988 0 0 0
Annual Time Burden (Hours) 36,964 98 36,866 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The current annual burden is estimated to be 98 hours. The Board estimates the proposed annual burden to be 36,964 hours, an increase of 36,866 hours, due to the new reporting and recordkeeping requirements.
$0
No
No
No
Yes
No
Uncollected
Mark Tokarski 202-452-5241 Mark.E.Tokarski@frb.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.
02/13/2017