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.
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Through a notice of proposed rulemaking (NPR), the OCC, FRB, and FDIC are proposing to revise the denominator of the supplementary leverage ratio. The NPR would: (i) revise the treatment of on- and off-balance sheet exposures for purposes of determining total leverage exposure, and more closely align the agencies' rules on the calculation of total leverage exposure with international leverage ratio standards; (ii) incorporate in total leverage exposure the effective notional principal amount of credit derivatives and other similar instruments through which a banking organization provides sold credit protection; (iii) modify the calculation of total leverage exposure for derivatives and repo-style transactions; (iv) revise the credit conversion factors applied to certain off-balance sheet exposures; and (v) make changes to the methodology for calculating the supplementary leverage ratio and adds public disclosure requirements for the supplementary leverage ratio. This ICR requests OMB approval for these new disclosure requirements.
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.
SLR Supporting Statement.docx
Disclosures