OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Reporting and Disclosure Requirements Associated with the Policy on Payments System Risk (PSR Policy)

ICR 200708-7100-005 · OMB 7100-0315 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
FR4102.PSR-Policy.200707.omb.doc Supporting Statement A Uploaded 2007-08-21 Available
IC Document Collections
IC IDCollectionTypeStatusForm
181722 Biennial review and report Other-Discription of information collection New
181721 Initial self-assessment Other-Discription of information collection New
ICR Details
7100-0315 200708-7100-005
Historical Active
FRS FR 4102
Reporting and Disclosure Requirements Associated with the Policy on Payments System Risk (PSR Policy)
New collection (Request for a new OMB Control Number)   No
Delegated
Approved without change 08/21/2007
Retrieve Notice of Action (NOA) 08/21/2007
  Inventory as of this Action Requested Previously Approved
08/31/2010 36 Months From Approved
6 0 0
1,140 0 0
0 0 0
The Federal Reserve adopted several revisions to Part I of its PSR Policy addressing risk management in payments and settlement systems. Specifically, the Federal Reserve (1) incorporated into the PSR Policy the Recommendations for Central Counterparties (CCP) as the Federal Reserve’s minimum standards for central counterparties, (2) clarified the purpose of Part I of the policy and revised its scope with regard to central counterparties, and (3) established an expectation that systemically important systems (subject to the Federal Reserve Board’s authority) disclose publicly self-assessments against the Core Principles, Recommendations for Securities Settlement Systems, or Recommendations for CCP, as appropriate, demonstrating the extent to which these systems meet the principles or minimum standards.
US Code: 12 USC 248(i) & (j), 342, 248(o), 360 Name of Law: Federal Reserve Act
   US Code: 12 USC 4008(c)(1) Name of Law: Expedited Funds Availability Act
  
None
Not associated with rulemaking
  71 FR 36800 06/28/2006
72 FR 2518 01/19/2007
Yes
2
IC Title Form No. Form Name
Biennial review and report
Initial self-assessment
  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 6 0 0 6 0 0
Annual Time Burden (Hours) 1,140 0 0 1,140 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
New information collection
$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
John Schmidt 202-728-5859 [email protected]
  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.
08/21/2007