FDIC is requesting comment on renewal of the existing information collection on regulatory capital rules. Comments will be accepted until November 30, 2020. This collection comprises the disclosure and recordkeeping requirements associated with the minimum capital requirements and the overall capital adequacy standards for insured state nonmember banks, state savings associations, and certain subsidiaries of those entities. The data is used by FDIC to evaluate capital before approving various applications by insured depository institutions, to evaluate capital as an essential component in determining safety and soundness, and to determine whether an institution is subject to prompt corrective action provisions.
FDIC is inviting comments on the following:
- Whether the collection of information is necessary for the proper performance of the functions of FDIC, including whether the information has practical utility
- The accuracy of the estimates of the burden of the information collection, including the validity of the methodology and assumptions used
- Ways to enhance the quality, utility, and clarity of the information to be collected
- Ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology.
Related Link: Federal Register Notice
Comment Due Date: November 30, 2020
Keywords: Americas, US, Banking, Regulatory Capital, Information Collection, Minimum Capital Requirements, Reporting, Disclosure, FDIC
Scott is a Director in the Regulatory and Accounting Solutions team responsible for providing accounting expertise across solutions, products, and services offered by Moody’s Analytics in the US. He has over 15 years of experience leading auditing, consulting and accounting policy initiatives for financial institutions.
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