Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring (LCR)
Revision of a currently approved collection
No
Regular
02/11/2021
Requested
Previously Approved
36 Months From Approved
01/31/2023
84
40
994
497
0
0
The Liquidity Coverage Ratio (LCR) rule implements a quantitative liquidity requirement and contains requirements subject to the Paperwork Reduction Act. The reporting and recordkeeping requirements are found in Sections 329.22, 329.40, 329.108, and 329.110. The requirements contained in the LCR rule are designed to promote the short-term resilience of the liquidity risk profile of large and internationally active banking organizations, thereby improving the banking sectorâs ability to absorb shocks arising from financial and economic stress, and to further improve the measurement and management of liquidity risk.
US Code:
12 USC 1815
Name of Law: Federal Deposit Insurance Act
US Code:
12 USC 1816
Name of Law: Federal Deposit Insurance Act
US Code:
12 USC 1819
Name of Law: Federal Deposit Insurance Act
US Code:
12 USC 1828
Name of Law: Federal Deposit Insurance Act
US Code:
12 USC 1831p-1
Name of Law: Federal Deposit Insurance Act
PL:
Pub.L. 115 - 17 401
Name of Law: Economic Growth, Regulatory Relief, and Consumer Protection Act
US Code:
12 USC 5412
Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
US Code:
12 USC 1818
Name of Law: Federal Deposit Insurance Act
US Code:
12 USC 5365
Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
PL: Pub.L. 115 - 174 401 Name of Law: Economic Growth, Regulatory Relief, and Consumer Protection Act
The final rule implements a stable funding requirement, known as the net stable funding ratio (NSFR), for certain large banking organizations. The final rule establishes a quantitative metric, the NSFR, to measure the stability of the funding profile of certain large banking organizations and requires these banking organizations to maintain minimum amounts of stable funding to support their assets, commitments, and derivatives exposures over a one-year time horizon. The NSFR is designed to reduce the likelihood that disruptions to a banking organizationâs regular sources of funding will compromise its liquidity position, promote effective liquidity risk management, and support the ability of banking organizations to provide financial intermediation to businesses and households across a range of market conditions. The NSFR supports financial stability by requiring banking organizations to fund their activities with stable sources of funding on an ongoing basis, reducing the possibility that funding shocks would substantially increase distress at individual banking organizations. The final rule applies to certain large U.S. depository institution holding companies, depository institutions, and U.S. intermediate holding companies of foreign banking organizations, each with total consolidated assets of $100 billion or more, together with certain depository institution subsidiaries (together, covered companies). In particular, the final rule revises Sections 329.110 and 329.108 of the FDICâs LCR rule.
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.
SPST-0197 LCR (NSFR Final Rule) - 2-11-2021.pdf
329.108(b) - NSFR consolidation procedures