OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Part 364, Appendix C - Guidelines Establishing Standards for Corporate Governance

ICR 202310-3064-002 · OMB 3064-0220 · Received in OIRA

Forms and Documents
DocumentTypeStatusAvailability
SPST-NEW NPR Part 364_Appendix C - 10-23-2023.pdf Supporting Statement A Uploaded 2023-10-24 Repair queued
IC Document Collections
IC IDCollectionTypeStatusForm
263021 Board, Annual Review of Processes that Require Front Line and Independent Risk Management Units to Identify, Distinguish, Document and Report Violations of Law or Regulations Section III(F): Ongoing New
263020 Board, Establishment of Processes that Require Front Line and Independent Risk Management Units to Identify, Distinguish, Document and Report Violations of Law or Regulations Section III(F): One-Time New
263019 Front Line and Independent Risk Management Units Report to the FDIC Breach of a Risk Limit or Noncompliance with the Risk Appetite Statement or Risk Management Program Section III(E)(3): Ongoing New
263018 Board, Establishment of Processes that Require the Front Line and Independent Risk Management Units to Identify and Distinguish Breaches Section III(E): Ongoing New
263017 Board, Establishment of Processes that Require the Front Line and Independent Risk Management Units to Identify and Distinguish Breaches Section III(E): One-Time New
263016 Internal Audit Unit, Quarterly Report Changes to Audit Plan Section III(C)(3)(c)(ii): Ongoing New
263015 Internal Audit Unit, Establishment of an Audit Plan Section III(C)(3)(c)(ii): One-Time New
263014 Independent Risk Management Unit, Review and Update of Procedures and Processes to Ensure Compliance with Board Risk Management Policies Section III(C)(3)(b)(v): Ongoing New
263013 Independent Risk Management Unit, Review and Update of Procedures and Processes to Ensure Compliance with Board Risk Management Policies Section III(C)(3)(b)(v): Ongoing New
263012 Independent Risk Management Unit, Establishment of Procedures and Processes to Ensure Compliance with Board Risk Management Policies Section III(C)(3)(b)(v): One-time New
263011 Independent Risk Management Unit, Review and Update of Policies Relative to Concentration Risk Limits Section III(C)(3)(b)(iv): Ongoing New
263010 Independent Risk Management Unit, Establishment of Policies Relative to Concentration Risk Limits Section III(C)(3)(b)(iv): One-time New
263009 Independent Risk Management Unit, Quarterly Monitor and Report on the Covered Institution's Risk Profile Relative to Risk Appetite and Concentration Limits Section III(C)(3)(b)(iii): Ongoing New
263008 Front Line Unit, Quarterly Monitor and Report Compliance with Respective Risk Limits Section III(C)(3)(a)(v): Ongoing New
263007 Front Line Unit, Annual Review of Procedures and Processes, as Necessary to Ensure Compliance with Board Policies Section III(C)(3)(a)(iii): Ongoing New
263006 Front Line Unit, Establish Procedures and Processes, as Necessary to Ensure Compliance with Board Policies Section III(C)(3)(a)(iii): One-Time New
263005 Front Line Unit, Annual Review of Written Policies that Include Risk Limits Section III(C)(3)(a)(ii): Ongoing New
263004 Front Line Unit, Establishment of Written Policies that Include Risk Limits Section III(C)(3)(a)(ii): One-Time New
263003 Report Risk Limit Breaches to the FDIC Section III(C)(2)(c)(iii): Ongoing New
263002 Board Quarterly Review and Approval of Risk Appetitive Statement Section III(B): Ongoing New
263001 Establishment of a Comprehensive Written Statement that Establishes Risk Appetite Limits Section III(B): One-Time New
263000 Board Quarterly Review of Risk Profile Section III(B): Ongoing New
262999 Board Establishment of a Risk Profile Section III(B): One-Time New
262998 Board Annual Review of Comprehensive Risk Management Program Section III(A): Ongoing New
262997 Board Establishment of a Comprehensive Risk Management Program Section III(A): One-Time New
262996 Risk Committee, Approval of Decisions Regarding Appointment or Removal of CRO Section II(D)(4)(g): Ongoing New
262995 Risk Committee, Quarterly Documentation of Proceedings and Risk Management Decisions Section II(D)(4)(f): Ongoing New
262994 Risk Committee, Quarterly Review of CRO Reports Section II(D)(4)(e): Ongoing New
262993 Risk Committee, Annual Review of Charter of Internal Audit Function Section II(D)(4): Ongoing New
262992 Risk Committee, Approval of Risk Management Policies Section II(D)(4): One-Time New
262991 Audit Committee, Approval all Decisions Regarding the Appointment or Removal and Annual Compensation and Salary Adjustment for the CAO Section II(D)(1)(d): Ongoing New
262983 Audit Committee, Approval of all Audit Services Section II(D)(1)(b): Ongoing New
262982 Board Annual Review of Charter of Internal Audit Function Section II(D)(1)(f): Ongoing New
262981 Board Approval of Charter of Internal Audit Function Section II(D)(1)(e): One-Time New
262980 Annual Review of Written Charter for Board Committees Section II(D): Ongoing New
262979 Establishment of a Written Charter for Board Committees Section II(D): One-Time New
262978 Annual Review of Compensation and Performance Management Program Section II(C)(10): Ongoing New
262977 Establishment of a Compensation and Performance Management Program Section II(C)(10): One-Time New
262976 Board Annual Self-Assessment Section II(C)(9): Ongoing New
262975 Annual Review Training Program for Directors Section II(C)(8): Ongoing New
262974 Establishment of a Training Program for Directors Section II(C)(8): One-Time New
262973 Annual Review Succession Plan Section II(C)(7): Ongoing New
262972 Development of a Succession Plan Section II(C)(7): One-Time New
262971 Annual Review of Management Performance Review Process Section II(C)(7): Ongoing New
262970 Establishment of a Management Performance Review Process Section II(C)(7): One-Time New
262969 Annual Review Written Code of Ethics Section II(C)(4): Ongoing New
262968 Establishment of a Written Code of Ethics Section II(C)(4): One-Time New
262967 Board, Annual Review Policies Governing Operations Section II(C)(3): Ongoing New
262966 Board, Establishment and Approval of Policies Governing Operations Section II(C)(3): One-Time New
262965 Annual Evaluation and Approval of Strategic Plan Section II(C)(2): Ongoing New
262964 Development of a Written Strategic Plan Section II(C)(2): One-Time New
262963 Audit Committee, Annual Review and Approval of the Internal Audit Unit's Charter Section I(D)(7)(c): Ongoing New
262962 Audit Committee, Review and Approval of the Internal Audit Unit's Charter Section I(D)(7)(b): One-Time New
ICR Details
202310-3064-002
Received in OIRA
FDIC
Part 364, Appendix C - Guidelines Establishing Standards for Corporate Governance
New collection (Request for a new OMB Control Number)   No
Regular 10/24/2023
  Requested Previously Approved
36 Months From Approved
3,157 0
91,375 0
0 0
In order to strengthen the corporate governance and risk management practices of large institutions, the FDIC is proposing to issue corporate governance and risk management guidelines (Guidelines) as a new Appendix C to part 364 to address corporate governance and risk management practices and board oversight. The proposed rule seeks to impose reporting and recordkeeping requirements under the Paperwork Reduction Act (PRA), for each insured state nonmember bank, state-licensed insured branch of foreign banks, and insured state savings association subject to the provisions of Section 39 of the Federal Deposit Insurance Act (FDI Act), with total consolidated assets of $10 billion or more (covered institution).
US Code: 12 USC 1831p-1 Name of Law: FDI Act
  
None
3064-AF94 Proposed rulemaking 88 FR 70391 10/11/2023
No
53
IC Title Form No. Form Name
Annual Evaluation and Approval of Strategic Plan Section II(C)(2): Ongoing
Annual Review Succession Plan Section II(C)(7): Ongoing
Annual Review Training Program for Directors Section II(C)(8): Ongoing
Annual Review Written Code of Ethics Section II(C)(4): Ongoing
Annual Review of Compensation and Performance Management Program Section II(C)(10): Ongoing
Annual Review of Management Performance Review Process Section II(C)(7): Ongoing
Annual Review of Written Charter for Board Committees Section II(D): Ongoing
Audit Committee, Annual Review and Approval of the Internal Audit Unit's Charter Section I(D)(7)(c): Ongoing
Audit Committee, Approval all Decisions Regarding the Appointment or Removal and Annual Compensation and Salary Adjustment for the CAO Section II(D)(1)(d): Ongoing
Audit Committee, Approval of all Audit Services Section II(D)(1)(b): Ongoing
Audit Committee, Review and Approval of the Internal Audit Unit's Charter Section I(D)(7)(b): One-Time
Board Annual Review of Charter of Internal Audit Function Section II(D)(1)(f): Ongoing
Board Annual Review of Comprehensive Risk Management Program Section III(A): Ongoing
Board Annual Self-Assessment Section II(C)(9): Ongoing
Board Approval of Charter of Internal Audit Function Section II(D)(1)(e): One-Time
Board Establishment of a Comprehensive Risk Management Program Section III(A): One-Time
Board Establishment of a Risk Profile Section III(B): One-Time
Board Quarterly Review and Approval of Risk Appetitive Statement Section III(B): Ongoing
Board Quarterly Review of Risk Profile Section III(B): Ongoing
Board, Annual Review Policies Governing Operations Section II(C)(3): Ongoing
Board, Annual Review of Processes that Require Front Line and Independent Risk Management Units to Identify, Distinguish, Document and Report Violations of Law or Regulations Section III(F): Ongoing
Board, Establishment and Approval of Policies Governing Operations Section II(C)(3): One-Time
Board, Establishment of Processes that Require Front Line and Independent Risk Management Units to Identify, Distinguish, Document and Report Violations of Law or Regulations Section III(F): One-Time
Board, Establishment of Processes that Require the Front Line and Independent Risk Management Units to Identify and Distinguish Breaches Section III(E): One-Time
Board, Establishment of Processes that Require the Front Line and Independent Risk Management Units to Identify and Distinguish Breaches Section III(E): Ongoing
Development of a Succession Plan Section II(C)(7): One-Time
Development of a Written Strategic Plan Section II(C)(2): One-Time
Establishment of a Compensation and Performance Management Program Section II(C)(10): One-Time
Establishment of a Comprehensive Written Statement that Establishes Risk Appetite Limits Section III(B): One-Time
Establishment of a Management Performance Review Process Section II(C)(7): One-Time
Establishment of a Training Program for Directors Section II(C)(8): One-Time
Establishment of a Written Charter for Board Committees Section II(D): One-Time
Establishment of a Written Code of Ethics Section II(C)(4): One-Time
Front Line Unit, Annual Review of Procedures and Processes, as Necessary to Ensure Compliance with Board Policies Section III(C)(3)(a)(iii): Ongoing
Front Line Unit, Annual Review of Written Policies that Include Risk Limits Section III(C)(3)(a)(ii): Ongoing
Front Line Unit, Establish Procedures and Processes, as Necessary to Ensure Compliance with Board Policies Section III(C)(3)(a)(iii): One-Time
Front Line Unit, Establishment of Written Policies that Include Risk Limits Section III(C)(3)(a)(ii): One-Time
Front Line Unit, Quarterly Monitor and Report Compliance with Respective Risk Limits Section III(C)(3)(a)(v): Ongoing
Front Line and Independent Risk Management Units Report to the FDIC Breach of a Risk Limit or Noncompliance with the Risk Appetite Statement or Risk Management Program Section III(E)(3): Ongoing
Independent Risk Management Unit, Establishment of Policies Relative to Concentration Risk Limits Section III(C)(3)(b)(iv): One-time
Independent Risk Management Unit, Establishment of Procedures and Processes to Ensure Compliance with Board Risk Management Policies Section III(C)(3)(b)(v): One-time
Independent Risk Management Unit, Quarterly Monitor and Report on the Covered Institution's Risk Profile Relative to Risk Appetite and Concentration Limits Section III(C)(3)(b)(iii): Ongoing
Independent Risk Management Unit, Review and Update of Policies Relative to Concentration Risk Limits Section III(C)(3)(b)(iv): Ongoing
Independent Risk Management Unit, Review and Update of Procedures and Processes to Ensure Compliance with Board Risk Management Policies Section III(C)(3)(b)(v): Ongoing
Independent Risk Management Unit, Review and Update of Procedures and Processes to Ensure Compliance with Board Risk Management Policies Section III(C)(3)(b)(v): Ongoing
Internal Audit Unit, Establishment of an Audit Plan Section III(C)(3)(c)(ii): One-Time
Internal Audit Unit, Quarterly Report Changes to Audit Plan Section III(C)(3)(c)(ii): Ongoing
Report Risk Limit Breaches to the FDIC Section III(C)(2)(c)(iii): Ongoing
Risk Committee, Annual Review of Charter of Internal Audit Function Section II(D)(4): Ongoing
Risk Committee, Approval of Decisions Regarding Appointment or Removal of CRO Section II(D)(4)(g): Ongoing
Risk Committee, Approval of Risk Management Policies Section II(D)(4): One-Time
Risk Committee, Quarterly Documentation of Proceedings and Risk Management Decisions Section II(D)(4)(f): Ongoing
Risk Committee, Quarterly Review of CRO Reports Section II(D)(4)(e): Ongoing
  Total Request 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 3,157 0 0 3,157 0 0
Annual Time Burden (Hours) 91,375 0 0 91,375 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
In order to strengthen the corporate governance and risk management practices of large institutions, the FDIC is proposing to issue corporate governance and risk management guidelines (Guidelines) as a new Appendix C to part 364 to address corporate governance and risk management practices and board oversight. The proposed Guidelines would apply to all covered institutions. The proposed Guidelines would apply in addition to any other requirements established by law or regulation. The FDIC’s supervisory experience has shown that institutions with assets greater than $10 billion are larger, more complex and present a higher risk profile. The proposed Guidelines are intended to raise the FDIC’s standards for corporate governance, risk management, and control to help ensure these larger institutions effectively anticipate, evaluate, and mitigate the risks they face.
No
    No
    No
No
No
No
No
Jennifer Jones 202 551-5776 [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.
10/24/2023