OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Recordkeeping Provisions Associated with Guidance on Leveraged Lending

ICR 201203-7100-010 · OMB 7100-0354 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
FR4203_20130529_omb.docx Supporting Statement A Uploaded 2013-05-30 Repair queued
FR4203_LeveragedFinanceGuidance_20130322_nfg.pdf Supplementary Document Uploaded 2013-03-22 Available
FR4203_LeveragedFinanceGuidance_20130321_nfgpr.pdf Supplementary Document Uploaded 2013-03-22 Available
FR4203_LeveragedFinanceGuidance_20120330_npg.pdf Supplementary Document Uploaded 2013-03-22 Available
FR4203_LeveragedFinanceGuidance_20120326_npgpr.pdf Supplementary Document Uploaded 2013-03-22 Available
IC Document Collections
IC IDCollectionTypeStatusForm
201728 Maintain guidance provisions Other-Description of guidance requirements New
201727 Implement guidance provisions Other-Description of guidance requirements New
ICR Details
7100-0354 201203-7100-010
Historical Active
FRS FR 4203
Recordkeeping Provisions Associated with Guidance on Leveraged Lending
New collection (Request for a new OMB Control Number)   No
Delegated
Approved without change 06/13/2013
Retrieve Notice of Action (NOA) 06/13/2013
  Inventory as of this Action Requested Previously Approved
06/30/2016 36 Months From Approved
82 0 0
74,570 0 0
0 0 0
The inter-agency guidance outlines high-level principles related to safe and sound leveraged lending activities, including underwriting considerations, assessing and documenting enterprise value, risk management expectations for credits awaiting distribution, stress testing expectations and portfolio management, and risk management expectations. This proposed guidance would apply to all financial institutions substantively engaged in leveraged lending activities supervised by Office of the Comptroller of the Currency; Board of Governors of the Federal Reserve System; and Federal Deposit Insurance Corporation, collectively (the Agencies).
US Code: 12 USC 248(a)(2), 602 and 611a Name of Law: Federal Reserve Act
   US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act
   US Code: 12 USC 3105(c)(2) Name of Law: International Banking Act
   US Code: 12 USC 5412 and 1467a(b)(3) Name of Law: Dodd-Frank Act
   US Code: 5 USC 552(b)(4) and (8) Name of Law: Freedom of Information Act
  
None
Not associated with rulemaking
  77 FR 19417 03/30/2012
78 FR 17766 03/22/2013
Yes
2
IC Title Form No. Form Name
Implement guidance provisions
Maintain guidance provisions
  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 82 0 0 82 0 0
Annual Time Burden (Hours) 74,570 0 0 74,570 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
The Agencies are revising the inter-agency leveraged finance guidance issued in 2001. Transactions that are covered by this guidance are characterized by a borrower with a degree of financial or cash flow leverage that significantly exceeds industry norms as measured by various debt, cash flow, or other ratios.
$0
No
No
No
No
No
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.
06/13/2013