OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

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

ICR 201304-7100-006 · OMB 7100-0315 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
FR4102_20130719_omb.docx Supporting Statement A Uploaded 2013-07-19 Available
IC Document Collections
IC IDCollectionTypeStatusForm
181722 Biennial review and report Other-Discription of information collection Unchanged
ICR Details
7100-0315 201304-7100-006
Historical Active 201004-7100-005
FRS FR 4102
Reporting and Disclosure Requirements Associated with the Policy on Payment System Risk (PSR Policy)
Extension without change of a currently approved collection   No
Delegated
Approved without change 07/19/2013
Retrieve Notice of Action (NOA) 07/19/2013
  Inventory as of this Action Requested Previously Approved
07/31/2016 36 Months From Approved 07/31/2013
3 0 3
210 0 210
0 0 0
The FR 4102 was implemented in January 2007 as a result of revisions to the Federal Reserve's Payment System Risk (PSR)policy. Under the revised policy, systemically important payments and settlement systems subject to the Federal Reserve's authority are expected to complete and disclose publicly self-assessments against the principles and minimum standards in the policy. The self-assessment should be reviewed and approved by the system's senior management and board of directors upon completion and made readily available to the public. In addition, a self-assessment should be updated following material changes to the system or its environment and, at a minimum, reviewed by the system every two years. The respondents are systemically important systems, as defined by the PSR Policy.
US Code: 12 USC 4008(c)(1) Name of Law: Expedited Funds Availability Act
   US Code: 12 USC 248(i), (j), & 248-1 Name of Law: Federal Reserve Act
   US Code: 12 USC 324, 342, 360, 464, 602, & 625 Name of Law: Federal Reserve Act
   US Code: 12 USC 1844(c), 1467a(b)(3), & 5412 Name of Law: Bank Holding Company Act
   US Code: 12 USC 3105(c)(2) Name of Law: International Banking Act of 1978
   US Code: 12 USC 1817(a) Name of Law: Federal Deposit Insurance Act
  
None
Not associated with rulemaking
  78 FR 23253 04/18/2013
78 FR 42521 07/16/2013
No
1
IC Title Form No. Form Name
Biennial review and report
  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 3 3 0 0 0 0
Annual Time Burden (Hours) 210 210 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$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.
07/19/2013