The Interagency Policy Statement on Funding and Liquidity Risk Management (Guidance) was issued to provide consistent interagency expectations on sound practices for managing funding and liquidity risk. The Guidance includes a number of voluntary recordkeeping provisions that apply to bank holding companies, savings and loan holding companies, state-licensed branches and agencies of foreign banks (other than insured branches), corporations organized or operating under sections 25 or 25A of the Federal Reserve Act (agreement corporations and Edge corporations) and state member banks (collectively, financial institutions).
US Code:
12 USC 324
Name of Law: Federal Reserve Act
US Code:
12 USC 602
Name of Law: Federal Reserve Act
US Code:
12 USC 625
Name of Law: Federal Reserve Act
US Code:
12 USC 1844(c)
Name of Law: Bank Holding Company Act of 1956
US Code:
12 USC 1467a(b)(3)
Name of Law: Home Owners’ Loan Act
US Code:
12 USC 3105(c)(2)
Name of Law: International Banking Act of 1978
The estimated total annual burden for the FR 4198 is 727,456 hours, and would decrease to 158,048 hours with the revisions. Certain recordkeeping provisions included in the FR 4198 overlap with substantively identical requirements in the Board’s Regulation YY. The estimated total burden for the FR 4198 does not include the burden of complying with these Regulation YY requirements, which are accounted for in the Paperwork Reduction Act clearance for the Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation YY (OMB No. 7100-0350).
The revisions to FR 4198 result in an increase to the estimated ongoing recordkeeping burden for those respondents that have already implemented the recordkeeping provisions of the Guidance. However, the total estimated burden decreased due to a significant decrease in the estimated number of respondents that would newly implement the recordkeeping provisions of the Guidance, as the Board believes that most respondents have already implemented those provisions.
$0
No
No
No
No
No
No
Uncollected
Brenda Simms 202 475-6340 brenda.simms@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.
FR4198_20191104_omb.pdf
Section 20 - Liquidity Risk Reports