Thrift Financial Report

Forms and Documents

Document Name	Status
Form OTS-1568 Thrift Financial Report Form	Modified
1550.0023.Supporting Statement 112408 clean.doc Supporting Statement A	2008-11-24
Emergency Request Letter.1550.0023 112408 clean.doc Supporting Statement B	2008-11-24
S_ 2856 - Financial Services Regulatory Relief Act of 2006 - US Senate Bill.mht Supplementary Document	2007-08-17

IC Document Collections

IC ID	Document Title	Status
19848	Thrift Financial Report Form	Modified

ICR Details

OMB Control No: 1550-0023	ICR Reference No: 200811-1550-002
Status: Historical Active	Previous ICR Reference No: 200708-1550-001
Agency/Subagency: TREAS/OTS	Agency Tracking No:
Title: Thrift Financial Report
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 11/26/2008
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/26/2008
	Date Received in OIRA: 11/24/2008
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2009	6 Months From Approved	03/31/2011
Responses	3,096	0	11
Time Burden (Hours)	186,085	0	193,881
Cost Burden (Dollars)	0	0	0

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Abstract: OTS collects financial data from insured savings associations, their subsidiaries, and their holding companies in order to assure their safety and soundness as depositories of the personal of the personal monies of the general public. OTS monitors financial positions and interest-rate risk so that adverse conditions can be remedied promptly.

Emergency Justfication: Pursuant to a systemic risk determination by the Secretary of the Treasury (after consultation with the President, the FDIC Board of Director established the Temporary Liquidity Guarantee Program (TLGP) as part of a coordinated Federal government response to the unprecedented institutions to fund themselves and to intermediate credit. The TLGP is comprised of a Debt Guarantee Program and a Transaction Account Guarantee Program, and includes a system of fees to be paid by participating entities for the guarantees. In order for the OTS to calculate the fees to be assessed under the Transaction Account Guarantee Program portion of the TLGP and any systemic risk emergency special assessments, it needs information not currently collected. The best method for obtaining this information is through revisions to the Thrift Financial Report.

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Authorizing Statute(s): US Code: 12 USC 1 et seq. Name of Law: National Banking Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3064-AD37	Final or interim final rulemaking	73 FR 64179	10/29/2008

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? Yes

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

IC Title	Form No.	Form Name
Thrift Financial Report	OTS-1568, 1313	Monthly Cost of Funds Survey System Worksheet ,   Thrift Financial Report Forms

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ICR Summary of Burden

	Total Approved	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	3,096	11	0	0	3,085	0
Annual Time Burden (Hours)	186,085	193,881	0	0	-7,796	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: No

Burden Reduction Due to:

Short Statement: OTS is citing an adjustment and program change due to an increase in the number of responses and additional 30 minutes of burden for the new data elements.

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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

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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: 11/24/2008

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