General Reporting and Recordkeeping by Savings Associations

Forms and Documents

Document Name	Status
1557-0266 EGRPRA NPRM 3-3-16.doc Supporting Statement A	2016-03-03

IC Document Collections

IC ID	Document Title	Status
19804	General Reporting and Recordkeeping by Savings Associations	Modified

ICR Details

OMB Control No: 1557-0266	ICR Reference No: 201507-1557-004
Status: Historical Inactive	Previous ICR Reference No: 201403-1557-005
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: General Reporting and Recordkeeping by Savings Associations
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 05/10/2016
	Date Received in OIRA: 03/14/2016
Terms of Clearance: OMB files this comment in accordance with 5 CFR 1320.11( c ). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of 1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). In accordance with 5 CFR 1320, OMB is withholding approval at this time. The agency shall examine public comment in response to the NPRM and will include in the supporting statement of the next ICR--to be submitted to OMB at the final rule stage--a description of how the agency has responded to any public comments on the ICR, including comments on maximizing the practical utility of the collection and minimizing the burden. This action has no effect on any current approvals.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2017	07/31/2017	07/31/2017
Responses	500	0	500
Time Burden (Hours)	68,345	0	68,345
Cost Burden (Dollars)	0	0	0

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Abstract: Savings associations are required to produce certain reports and records, which establish prudent management controls. This allows examiners to determine whether savings associations are being operated safely, soundly, and in compliance with regulations. This ICR is being submitted in connection with a notice of proposed rulemaking that proposes to remove one of the regulations covered by this information collection (12 CFR 162.1 and 162.4). The requirements being removed are duplicative of other existing requirements. The following requirements remain in this collection: • 12 CFR 152.11 (books and records, Federal stock associations); • 12 CFR 145.96(c) (agency business records, Federal stock associations); • 12 CFR 144.8 (communications between members of a Federal mutual savings association); • 12 CFR 163.1 (chartering documents, each Federal savings association); • 12 CFR 163.47(e) (pension plans, each Federal savings association or service corporation); • 12 CFR 172.6(b) (standard flood hazard determination form, each Federal savings association); • 12 CFR 162.4 (audit of Federal savings association, savings and loan holding company, or affiliate); and • 12 CFR 163.76(c) (offers and sales of securities of a Federal savings association or its affiliates in any office of the savings association).

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Authorizing Statute(s): US Code: 12 USC 1461 et seq. Name of Law: The Homeowners' Loan Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1557-AD95	Proposed rulemaking	81 FR 13607	03/14/2016

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Federal Register Notices & Comments

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
General Reporting and Recordkeeping by Savings Associations

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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 Regulations

Short Statement: The decrease in burden is due to regulations being removed.

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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: 03/14/2016

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