Disclosure of Financial and Other Information By National Banks - 12 CFR 18

Forms and Documents

Document Name	Status
1557-0182 4-26-13.docx Supporting Statement A	2013-04-29

IC Document Collections

IC ID	Document Title	Status
20059	Disclosure of Financial and Other Information By National Banks - 12 CFR 18	Modified

ICR Details

OMB Control No: 1557-0182	ICR Reference No: 201304-1557-004
Status: Historical Active	Previous ICR Reference No: 201003-1557-006
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Disclosure of Financial and Other Information By National Banks - 12 CFR 18
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/26/2013
	Date Received in OIRA: 05/10/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2016	36 Months From Approved	08/31/2013
Responses	1,338	0	1,585
Time Burden (Hours)	669	0	793
Cost Burden (Dollars)	0	0	0

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Abstract: Part 18 requires the preparation of an annual disclosure statement and specifies how it must be made available. The regulation details the required elements of the disclosure statement and permits a bank to supplement its annual disclosure statement with an optional narrative. It also requires that a national bank promptly furnish its annual disclosure statement upon request. The regulation applies to approximately 1,290 national banks and 48 Federal branches and agencies. Most banks will use their Call Reports or information prepared for annual reports as their disclosure material. This program of periodic financial disclosure is necessary, not only to facilitate informed decision making by existing and potential customers and investors, but also to improve public understanding of, and confidence in, the financial condition of individual national banks and the national banking system. Financial disclosure also reduces the likelihood that the market will overreact to incomplete information.

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Authorizing Statute(s): US Code: 12 USC 161 Name of Law: Federal Deposit Insurance Act
  

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:
	78 FR 13400	02/27/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 27480	05/10/2013
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
Disclosure of Financial and Other Information By National Banks - 12 CFR 18

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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	1,338	1,585	0	0	-247	0
Annual Time Burden (Hours)	669	793	0	0	-124	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: The reduction in burden is due to the decrease in the number of national banks and, therefore, respondents.

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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]? No

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: 05/10/2013

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