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Federal forms, ICRs, and supporting documents

Information Collection Request

Resolution Plans Required for Insured Depository Institutions With $50 Billion or More in Total Assets

ICR 202405-3064-002 · OMB 3064-0185 · Received in OIRA

Forms and Documents
DocumentTypeStatusAvailability
SPST 0185 Final Rule Resolution Plans 360.10 FINAL.docx Supporting Statement A Uploaded 2024-07-09 Repair queued
IC Document Collections
IC IDCollectionTypeStatusForm
269277 Notice of extraordinary event New
269276 Waiver Requests New
269275 Interim Supplement New
250847 Informational Filing by New Filers (group B) Modified
233832 Informational Filing update by previous filer (group B) Modified
202155 Resolution Plan by new filer (group A) Modified
202154 Resolution Plan update by previous filer (triennial filer, group A) Modified
202153 Resolution Plan update by previous filer (biennial filer, group A) Modified
ICR Details
3064-0185 202405-3064-002
Received in OIRA 202311-3064-005
FDIC
Resolution Plans Required for Insured Depository Institutions With $50 Billion or More in Total Assets
Revision of a currently approved collection   No
Regular 07/09/2024
  Requested Previously Approved
36 Months From Approved 02/28/2025
54 36
589,737 289,663
0 0
The Rule requires certain insured depository institutions (IDIs) to submit a Resolution Plan that should enable the FDIC, as receiver, to resolve the institution under Sections 11 and 13 of the Federal Deposit Insurance Act (FDI Act), 12 U.S.C. 1821 and 1823, in a manner that ensures that depositors receive access to their insured deposits within one business day of the institution’s failure (two business days if the failure occurs on a day other than Friday), maximizes the net present value return from the sale or disposition of its assets, and minimizes the amount of any loss to be realized by the institution’s creditors. An IDI with $50 billion or more in total assets (i.e., a covered IDI or CIDI) is required to submit periodically to the FDIC a contingent plan for the resolution of such institution in the event of its failure. IDIs with $100 billion or more in total assets would submit full resolution plans, while IDIs with total assets between $50 and $100 billion would submit informational filings.
US Code: 12 USC 1819(a) Tenth, 1821(d)(1) Name of Law: Federal Deposit Insurance Act
  
US Code: 12 USC 5301 et seq. Name of Law: Dodd-Frank Act
3064-AF90 Final or interim final rulemaking 89 FR 56620 07/09/2024
Yes
  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 54 36 0 0 18 0
Annual Time Burden (Hours) 589,737 289,663 0 0 300,074 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
    No
    No
No
Yes
No
No
Michelle Mire 202 898-7377 [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.
07/09/2024