Privacy of Consumer Financial Information

ICR 201603-1557-002

OMB: 1557-0216

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2016-04-13
IC Document Collections
IC ID
Document
Title
Status
20116
Modified
ICR Details
1557-0216 201603-1557-002
Historical Active 201301-1557-001
TREAS/OCC
Privacy of Consumer Financial Information
Extension without change of a currently approved collection   No
Regular
Approved without change 08/02/2016
Retrieve Notice of Action (NOA) 04/19/2016
  Inventory as of this Action Requested Previously Approved
08/31/2019 36 Months From Approved 07/31/2016
2,706,750 0 2,528,595
693,284 0 653,461
0 0 0

This collection implements the Gramm-Leach-Bliley Act, which required the OCC to issue regulations that set out notice requirements and restrictions on a bank's ability to disclose nonpublic personal information about consumers to nonaffiliated third parties. Consumers use the privacy notice to determine whether they want personal information disclosed. Institutions use the opt out information to determine the wishes of their consumers and act appropriately.

PL: Pub.L. 106 - 102 504 Name of Law: Gramm-Leach-Bliley Act
  
None

Not associated with rulemaking

  81 FR 6595 02/08/2016
81 FR 23080 04/19/2016
No

1
IC Title Form No. Form Name
Privacy of Consumer Financial Information

  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 2,706,750 2,528,595 0 0 178,155 0
Annual Time Burden (Hours) 693,284 653,461 0 0 39,823 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The increase in burden is due to the increase in the number of deposit accounts.

$0
No
No
No
No
No
Uncollected
Rima Kundnani 202 649-5545 rima.kundnani@occ.treas.gov

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
04/19/2016


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