Resolution Plans Required

Forms and Documents

Document Name	Status
Final FBO Guidance - 85 FR 83557 (Dec 22 2020).pdf Supplementary Document	2020-12-22
Proposed Res Plan FBO Guidance (ext of comment period) - 85 FR 23831 (Apr 29 2020).pdf Supplementary Document	2020-12-22
Proposed Res Plan FBO Guidance - 85 FR 15449 (Mar 18 2020).pdf Supplementary Document	2020-12-22
SPST-0210 FBO Guidance Resolution Plans - 12-22-2020.pdf Supporting Statement A	2020-12-22

IC Document Collections

IC ID	Document Title	Status
245070	Triennial Full - Complex Foreign (new)	New
236110	Waivers	Unchanged
236109	Biennial Filers - Domestic	Unchanged
236108	Triennial Full - Foreign and Domestic	Unchanged
236107	Triennial Full - Complex Foreign	Modified
236106	Triennial Reduced	Unchanged

ICR Details

OMB Control No: 3064-0210	ICR Reference No: 202012-3064-001
Status: Received in OIRA	Previous ICR Reference No: 201911-3064-002
Agency/Subagency: FDIC	Agency Tracking No: 3064-0210
Title: Resolution Plans Required
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 12/22/2020

	Requested	Previously Approved
Expiration Date	36 Months From Approved	12/31/2022
Responses	37	37
Time Burden (Hours)	203,332	209,919
Cost Burden (Dollars)	0	0

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Abstract: To promote financial stability, section 165(d) of the Dodd-Frank Act requires each covered company to periodically submit a plan for such company’s rapid and orderly resolution under the Bankruptcy Code in the event of the company’s material financial distress or failure.

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Authorizing Statute(s): US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 15449	03/18/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 83557	12/22/2020
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 6

IC Title	Form No.	Form Name
Triennial Reduced
Triennial Full - Complex Foreign
Triennial Full - Foreign and Domestic
Biennial Filers - Domestic
Waivers
Triennial Full - Complex Foreign (new)

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ICR Summary of Burden

	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	37	37	0	-1	1	0
Annual Time Burden (Hours)	203,332	209,919	0	-16,354	9,767	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The Final Guidance reduces the existing estimated burden for a triennial full complex filer from 13,135 hours to 9,916 hours per year. This reduction is driven mainly by significant reductions in the burdens related to capital, liquidity, separability, and governance mechanisms.

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Annual Cost to Federal Government:

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 12/22/2020

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