2024-13982. Resolution Plans Required for Insured Depository Institutions With $100 Billion or More in Total Assets; Informational Filings Required for Insured Depository Institutions With at Least $50 Billion but Less Than $100 Billion in Total ...  

  • Table 1—Summary of Estimated Annual Burden

    [OMB No. 3064-0185]

    Information collection (IC) (obligation to respond) Type of burden (frequency of response) Number of respondents Number of responses per respondent Time per response (HH:MM) Annual burden (hours)
    1. Resolution Plan update by previous filer (biennial filer, group A), 12 FR 360.10(c)(1); 12 FR 360.10(d) (Mandatory) Reporting (Annual, 2 year filing cycle) 3 1 34  89216:00 267,648
    2. Resolution Plan update by previous filer (triennial filer, group A), 12 FR 360.10(c)(2); 12 FR 360.10(d) (Mandatory) Reporting (Annual, 3 year filing cycle) 8 1 35  18100:58 144,808
    3. Resolution Plan by new filer (group A), 12 FR 360.10(c)(3); 12 FR 360.10(d) (Mandatory) Reporting (Annual, 3-year filing cycle) 1 1 16000:00 16,000
    4. Informational Filing update by previous filer (group B), 12 FR 360.10(c)(2); 12 FR 360.10(d) (Mandatory) Reporting (Annual, 3-year filing cycle) 1 1 36  00:00 0
    5. Informational Filing by New Filers (group B), 12 FR 360.10(c)(3); 12 FR 360.10(d) (Mandatory) Reporting (Annual, 3-year filing cycle) 6 1 7200:00 43,200
    6. Interim Supplement, 12 FR 360.10(e) (Mandatory) Reporting (Annual, 3-year filing cycle) 30 1 3920:00 117,600
    7. Waiver Requests, 12 FR 360.10(i) (Required to obtain or retain a benefit) Reporting (On Occasion) 1 1 01:00 1
    8. Notice of extraordinary event, 12 FR 360.10(c)(4) (Mandatory) Reporting (On Occasion) 4 1 120:00 480
    Total Annual Burden (Hours) 589,737
    Source: FDIC.
    Note: The estimated annual IC time burden is the product, rounded to the nearest hour, of the estimated annual number of responses and the estimated time per response for a given IC. The estimated annual number of responses is the product, rounded to the nearest whole number, of the estimated annual number of respondents and the estimated annual number of responses per respondent. This methodology ensures the estimated annual burdens in the table are consistent with the values recorded in OMB's consolidated information system.

Document Information

Effective Date:
10/1/2024
Published:
07/09/2024
Department:
Federal Deposit Insurance Corporation
Entry Type:
Rule
Action:
Final rule.
Document Number:
2024-13982
Dates:
The rule is effective October 1, 2024.
Pages:
56620-56657 (38 pages)
RINs:
3064-AF90: Resolution Plans Required for Insured Depository Institutions (IDIs) With $100B or More in Total Assets; Informational Filings Required for IDIs With at Least $50B But Less Than $100B in Total Assets
RIN Links:
https://www.federalregister.gov/regulations/3064-AF90/resolution-plans-required-for-insured-depository-institutions-idis-with-100b-or-more-in-total-assets
Topics:
Bank deposit insurance, Banks, banking, Banks, banking, Banks, banking, Banks, banking, Holding companies, National banks, Reporting and recordkeeping requirements, Savings associations
PDF File:
2024-13982.pdf
CFR: (1)
12 CFR 360