NOTICE FOR FUTURES AND FORWARD PLACEMENT CONTRACTS ACTIVITIES

Forms and Documents

Document Name	Status

No forms / supporting documents in this ICR. Check IC Document Collections.

IC Document Collections

IC ID	Document Title	Status
132599	NOTICE FOR FUTURES AND FORWARD PLACEMENT CONTRACTS ACTIVITIES Form	Migrated

ICR Details

OMB Control No: 1557-0094	ICR Reference No: 198209-1557-002
Status: Historical Inactive	Previous ICR Reference No: 198107-1557-006
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: NOTICE FOR FUTURES AND FORWARD PLACEMENT CONTRACTS ACTIVITIES
Type of Information Collection: Reinstatement without change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Disapproved	Conclusion Date: 12/17/1982
	Date Received in OIRA: 09/20/1982
Terms of Clearance: OCC has not indicated a Fedeeral need for the program or the record keeping requirements specified in thee text. These requireements do not appear to be necessary for the safety and soundness of banks dealing with futures and forward placement contract activities. The requirements appear to have no practical utility and are therefore unduly burdensome. Should OCC wish to resubmit the request and simply require banks dealing in such activities to submit a short letter of intent without the mandated record keeping requiremeents, then OMB would approve the request.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date		08/31/1982
Responses	0	0	0
Time Burden (Hours)	0	0	0
Cost Burden (Dollars)	0	0	0

---

Abstract: ALL NATIONAL BANKS ENGAGING IN FUTURES CONTRACTS AND/OR FORWARD PLACEMENT CONTRACTS ARE REQUIRED BY BANKING CIRCUALR #79 TO SUBMIT RESPECTIVE REGION. WE PROPOSE TO MODIFY THIS FILING REQUIREMENT TO BECOME SIMPLY A NOTICE REQUIREMENT.

---

Authorizing Statute(s): None

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:

---

Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
NOTICE FOR FUTURES AND FORWARD PLACEMENT CONTRACTS ACTIVITIES	NONE

---

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: No

Burden Reduction Due to:

Short Statement:

---

Annual Cost to Federal Government: $0

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

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  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:

(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: 09/20/1982

---