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.
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.