Weekly Consolidated Foreign Currency Report of Major Market Participants

Forms and Documents

Document Name	Status
Form FC-1 Weekly Consolidated Foreign Currency Report of Major Market Participants Form	Modified
1505-0012_ (FC-1) _Supporting Statement B(2010Feb).pdf Supporting Statement B	2010-02-16
1505-0012_ (FC-1) _Supporting Statement A(2010Feb).pdf Supporting Statement A	2010-02-16
31C.F.R.5315etal.txt Supplementary Document	2006-11-08

IC Document Collections

IC ID	Document Title	Status
15074	Weekly Consolidated Foreign Currency Report of Major Market Participants Form	Modified

ICR Details

OMB Control No: 1505-0012	ICR Reference No: 201002-1505-002
Status: Historical Active	Previous ICR Reference No: 200611-1505-002
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: Weekly Consolidated Foreign Currency Report of Major Market Participants
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 06/30/2010
	Date Received in OIRA: 02/24/2010
Terms of Clearance: In its renewal of the collection, agency must submit a complete Part B supporting statement.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2011	36 Months From Approved	06/30/2010
Responses	1,144	0	1,248
Time Burden (Hours)	915	0	1,248
Cost Burden (Dollars)	0	0	0

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Abstract: Collection of information on Form FC-1 is required by law. Form FC-1 is designed to collect timely information on foreign exchange spot, forward and futures purchased and sold; net options position, delta equivalent value long or short; net reported dealing position long or short.

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Authorizing Statute(s): Statute at Large: 87 Stat. 352 Name of Statute: null
   US Code: 31 USC 5315 Name of Law: Title II of Public Law 93-110
  

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:
	74 FR 62885	12/01/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 8189	02/23/2010
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Weekly Consolidated Foreign Currency Report of Major Market Participants	FC-1	Weekly Consolidated Foreign Currency Report of Major Market Participants

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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	1,144	1,248	0	0	-104	0
Annual Time Burden (Hours)	915	1,248	0	-229	-104	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: Changing Forms

Short Statement: Of the total 333 hours decrease for FC-1, 229 hours are due to the reduction in reporting requirements (program change), and 104 hours are due to the decrease in the number of respondents from 24 to 22 (adjustment).

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Annual Cost to Federal Government: $237,472

Does this IC contain surveys, censuses, or employ statistical methods? Yes Part B of Supporting Statement

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]? No

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)? No

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: 02/24/2010

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