Account Based Disclosures in Connection with Federal Reserve Regulations E, CC and DD

Forms and Documents

Document Name	Status
83C for 3064-0084.pdf Justification for No Material/Nonsubstantive Change	2012-07-17
60 day 76 FR 52326.pdf Supplementary Document	2011-11-08
30-day 76 FR 69269.pdf Supplementary Document	2011-11-08
SPST 3064-0084 (2011)_10_31_11.doc Supporting Statement A	2011-11-01

IC Document Collections

IC ID	Document Title	Status
31834	Regulations CC - Case-by-case hold notice - sections 229.16(c)	Modified
199964	Regulation E - Overdraft opt-in disclosures (consumer response)	Modified
199932	Regulation E - Gift card policy/procedures ongoing	Unchanged
199931	Regulation E - Gift card policy/procedures one-time	Unchanged
199929	Regulation E - Gift card exclusion policies/procedures ongoing	Unchanged
199881	Regulation E - Gift card exclusion policies/procedures one-time	Unchanged
199880	Regulation E - Gift card disclosures (one-time systems change)	Unchanged
199878	Regulation E -- Prepare/send new opt-in notices to existing customers	Modified
199876	Regulation E - Revise/update initial disclosures for new customers	Modified
186075	Regulation E - Payroll card disclosures (section 205.18) - error resolution	Unchanged
186073	Regulation E - Payroll card disclosures (section 205.18) - Initial	Unchanged
186072	Regulation E - Error resolution (sections 205.8(b) and 205.11)	Modified
186071	Regulation E - Initial disclosures (sections 205.7 and 205.8) - change in terms	Modified
186070	Regulation E - Initial disclosures (sections 205.7 and 205.8) - initial terms	Modified
186063	Regulation DD - Advertising (section 230.8)	Modified
186062	Regulation DD - Periodic Statement Disclosures (section 230.6)	Modified
186061	Regulation DD - Subsequent notices (Section 230.5) - Prematurity notices	Modified
186060	Regulation DD - Subsequent notices (section 230.5) - change in terms	Modified
186059	Regulation DD - Account disclosures (section 230.4)	Modified
186057	Regulation CC - Expedited recredit claim notice	Modified
186056	Regulation CC - Consumer awareness disclosure (section 229.57)	Modified
186055	Regulation CC - Bank's claim against indemnifying bank (section 229.55)	Modified
186054	Regulation CC - Response to consumer's recredit claim (section 229.54(e))	Modified
186053	Regulation CC - Notice of nonpayment (section 229.33(a) and (d))	Modified
186052	Regulation CC - Annual notice of new ATMs (section 229.18(e))	Modified
186051	Regulation CC - Notice of Change in Policy - Section 229.18(e)	Modified
186050	Regulation CC - Notice posted where consumers make deposits - sections 229.18(b) and 229.18(c)	Modified
186049	Regulation CC - Notice of exceptions to hold policy - Section 229.13(g)	Modified
186048	Regulation CC - Specific availability policy disclosure - sections 229.16, 229.17 and 229.18(d)	Modified

ICR Details

OMB Control No: 3064-0084	ICR Reference No: 201206-3064-003
Status: Historical Active	Previous ICR Reference No: 201108-3064-003
Agency/Subagency: FDIC	Agency Tracking No:
Title: Account Based Disclosures in Connection with Federal Reserve Regulations E, CC and DD
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/23/2012
	Date Received in OIRA: 07/19/2012
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2014	12/31/2014	12/31/2014
Responses	51,718,736	0	51,506,450
Time Burden (Hours)	3,476,368	0	3,461,844
Cost Burden (Dollars)	0	0	0

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Abstract: Regulations E, CC & DD (issued by the FRB) ensure adequate disclosures regarding accounts, including electronic fund transfer services, availability of funds, and fees and annual percentage yield for deposit accounts.

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Authorizing Statute(s): US Code: 15 USC 1693 et seq. Name of Law: Electronic Fund Transfer Act
   US Code: 12 USC 4001 et seq. Name of Law: Expedited Funds Availability Act
   US Code: 12 USC 4301 et seq. Name of Law: Truth in Savings Act
  

Citations for New Statutory Requirements: US Code: 12 USC 5301 et seq. Name of Law: Dodd-Frank Wall Street Reform And Consumer Protection Act

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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:
	76 FR 52326	08/22/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 69269	11/08/2011
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 29

IC Title	Form No.	Form Name
Regulation E - Gift card exclusion policies/procedures one-time
Regulation E - Overdraft opt-in disclosures (consumer response)
Regulation E -- Prepare/send new opt-in notices to existing customers
Regulation E - Gift card policy/procedures ongoing
Regulation E - Gift card policy/procedures one-time
Regulation E - Gift card disclosures (one-time systems change)
Regulation E - Revise/update initial disclosures for new customers
Regulation E - Gift card exclusion policies/procedures ongoing
Regulation CC - Consumer awareness disclosure (section 229.57)
Regulation CC - Expedited recredit claim notice
Regulation DD - Advertising (section 230.8)
Regulation CC - Notice of Change in Policy - Section 229.18(e)
Regulation E - Payroll card disclosures (section 205.18) - error resolution
Regulation E - Initial disclosures (sections 205.7 and 205.8) - initial terms
Regulation E - Payroll card disclosures (section 205.18) - Initial
Regulation CC - Notice of nonpayment (section 229.33(a) and (d))
Regulation E - Initial disclosures (sections 205.7 and 205.8) - change in terms
Regulation E - Error resolution (sections 205.8(b) and 205.11)
Regulation CC - Notice posted where consumers make deposits - sections 229.18(b) and 229.18(c)
Regulations CC - Case-by-case hold notice - sections 229.16(c)
Regulation DD - Periodic Statement Disclosures (section 230.6)
Regulation CC - Specific availability policy disclosure - sections 229.16, 229.17 and 229.18(d)
Regulation CC - Bank's claim against indemnifying bank (section 229.55)
Regulation CC - Notice of exceptions to hold policy - Section 229.13(g)
Regulation CC - Annual notice of new ATMs (section 229.18(e))
Regulation CC - Response to consumer's recredit claim (section 229.54(e))
Regulation DD - Account disclosures (section 230.4)
Regulation DD - Subsequent notices (section 230.5) - change in terms
Regulation DD - Subsequent notices (Section 230.5) - Prematurity notices

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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	51,718,736	51,506,450	212,286	0	0	0
Annual Time Burden (Hours)	3,476,368	3,461,844	14,524	0	0	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: Pursuant to the Dodd-Frank Act, the Office of Thrift Supervision was abolished and the FDIC assumed supervision of 59 of the formerly OTS federally regulated institutions. Also pursuant to the Dodd-Frank Act, the Consumer Financial Protection Bureau was created and assumed supervision for 41 institutions formerly supervised by the FDIC. As a result of these two changes, this information collection needs to be changed to reflect the additional paperwork burden.

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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]? No

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

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: 07/19/2012

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