OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Reporting Requirements Associated with Regulation QQ( Resolution Plans Required)

ICR 201207-7100-001 · OMB 7100-0346 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
OMB supporting statment (7.2.12).docx Supporting Statement A Uploaded 2012-07-02 Available
RegQQ_R1414_LW_20111017_joint_nfrm_PR.pdf Supplementary Document Uploaded 2012-07-02 Available
RegYY_R1414_LW_20110412_joint_nprm_PR.pdf Supplementary Document Uploaded 2012-07-02 Available
IC Document Collections
IC IDCollectionTypeStatusForm
202989 Reg QQ - Ongoing Request for Extension to Resubmit New
202987 Reg QQ - Ongoing Notice of Material Events New
202986 Reg QQ - Ongoing Annual Resolution and Resubmissions - full reporters New
202985 Reg QQ - Ongoing Annual Resolution and Resubmissions - Tailored reporters New
202984 Reg QQ - Additional Information Requests New
202983 Reg QQ - Implement Resolution plan - full reporters New
202982 Reg QQ - Implement Resolution plan - Tailored reporters New
ICR Details
7100-0346 201207-7100-001
Historical Active
FRS Regulation QQ
Reporting Requirements Associated with Regulation QQ( Resolution Plans Required)
New collection (Request for a new OMB Control Number)   No
Delegated
Approved without change 07/02/2012
Retrieve Notice of Action (NOA) 07/02/2012
  Inventory as of this Action Requested Previously Approved
07/31/2015 36 Months From Approved
323 0 0
855,304 0 0
0 0 0
Regulation QQ, pursuant to section 165(d) of the Dodd-Frank Act, requires each nonbank financial company supervised by the Board and each bank holding company with total consolidated assets of $50 billion or more (each a ''covered company'') to periodically submit to the Board, the Corporation, and the Council a plan for such company's rapid and orderly resolution in the event of material financial distress or failure.
PL: Pub.L. 111 - 203 124 Stat. 1376, 1426¿1427 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 5365(d)(8) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 5 USC 552(b)(4) and 552(b)(8) Name of Law: Freedom of Information Act
  
US Code: 12 USC 5365(d)(8) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
PL: Pub.L. 111 - 203 124 Stat. 1376, 1426¿1427 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
7100-AD73 Final or interim final rulemaking 76 FR 67323 11/01/2011
  76 FR 22648 04/22/2011
76 FR 67323 11/01/2011
Yes
  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 323 0 323 0 0 0
Annual Time Burden (Hours) 855,304 0 855,304 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
On April 22, 2011, the Board and the Corporation (the Agencies) published a joint notice of proposed rulemaking (NRPM) (Resolution Plans and Credit Exposure Reports Required) in the Federal Register for public comment (76 FR 22648). The comment period for the NPRM expired June 10, 2011. The Agencies collectively received 22 comment letters from a range of individuals and banking organizations, as well as industry and trade groups representing banking, insurance, and the broader financial services industry; three comments specifically addressed the paperwork burden. On November 1, 2011, the Agencies published a notice of final rulemaking in the Federal Register (76 FR 67323), addressing the remaining comments in detail. This final rule implements the resolution plan requirement set forth in section 165(d)(1) of the Dodd-Frank Act. The effective date for Regulation QQ is November 30, 2011; however, the first resolution plans would be submitted in July 2012.
$0
No
No
No
Yes
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.
07/02/2012