OCC Guidelines Establishing Heightened Standards for Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches

ICR 201401-1557-001 · OMB 1557-0321 · Historical Inactive

⚠️ Notice: This information collection may be outdated. More recent filings for OMB 1557-0321 can be found here:

Forms and Documents

Document	Type	Status	Availability
1557-NEW (Heightened Expectations) Supporting (FINAL).docx	Supporting Statement A	Uploaded 2014-01-27	Available

IC Document Collections

IC ID	Collection	Status
210132	Risk Data Aggregation	New
210131	Concentration Risk Management	New
210130	Internal Audit	New
210128	Independent Risk Management	New
210127	Front Line Units	New

ICR Details

OMB Control No: 1557-0321	ICR Reference No: 201401-1557-001
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: OCC Guidelines Establishing Heightened Standards for Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule	Conclusion Date: 05/13/2014
Retrieve Notice of Action (NOA)	Date Received in OIRA: 01/27/2014
Terms of Clearance: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR. The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenterâs recommendation. The next submission to OMB must include the draft final rule.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date		36 Months From Approved
Responses	0	0	0
Time Burden (Hours)	0	0	0
Cost Burden (Dollars)	0	0	0

Abstract: The OCC proposed minimum standards for the design and implementation of a risk governance framework for large national banks, Federal savings associations, and insured Federal branches of foreign banks with average total consolidated assets of $50 billion or more and minimum standards for a board of directors in overseeing the framework's design and implementation.

Authorizing Statute(s): US Code: 12 USC 1 et seq. Name of Law: National Bank Act

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1557-AD78	Proposed rulemaking	79 FR 4282	01/27/2014

Federal Register Notices & Comments
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 5

IC Title	Form No.	Form Name
Concentration Risk Management
Risk Data Aggregation
Front Line Units
Independent Risk Management
Internal Audit

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The increase in burden is due to the fact that this is a new collection.

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Andra Shuster 202 874-5090 [email protected]

Common Form ICR: No