Margin Credit Reports

Forms and Documents

Document Name	Status
Form FR G-1 Reporting - Registration Statement for Persons Who Extend Credit Secured by Margin Stock (Other Than Banks, Brokers, or Dealers) Form and Instruction	Modified
Form FR U-1 Recordkeeping - Statement of Purpose for an Extension of Credit Secured by Margin Stock Form and Instruction	New
Form FR T-4 Recordkeeping - Statement of Purpose for an Extension of Credit by a Creditor Form and Instruction	New
Form FR G-3 Recordkeeping - Statement of Purpose for an Extension of Credit Secured by Margin Stock by a Person Subject to Registration Under Regulation U Form and Instruction	New
Form FR G-4 Reporting - Annual Report Form and Instruction	Modified
Form FR G-2 Reporting - Deregistration Statement for Persons Registered Pursuant to Regulation U Form and Instruction	Modified
FRGTU_20180621_omb.pdf Supporting Statement A	2018-06-21

IC Document Collections

IC ID	Document Title	Status
35984	Reporting - Registration Statement for Persons Who Extend Credit Secured by Margin Stock (Other Than Banks, Brokers, or Dealers) Form and Instruction	Modified
231900	Recordkeeping - Statement of Purpose for an Extension of Credit Secured by Margin Stock Form and Instruction	New
231899	Recordkeeping - Statement of Purpose for an Extension of Credit by a Creditor Form and Instruction	New
231898	Recordkeeping - Statement of Purpose for an Extension of Credit Secured by Margin Stock by a Person Subject to Registration Under Regulation U Form and Instruction	New
182651	Reporting - Annual Report Form and Instruction	Modified
182650	Reporting - Deregistration Statement for Persons Registered Pursuant to Regulation U Form and Instruction	Modified

ICR Details

OMB Control No: 7100-0011	ICR Reference No: 201806-7100-003
Status: Active	Previous ICR Reference No: 201501-7100-006
Agency/Subagency: FRS	Agency Tracking No: FR G-1, FR G-2, FR G-3, FR G-4, FR T-4, and FR U-1
Title: Margin Credit Reports
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/21/2018
	Date Received in OIRA: 06/21/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2021	36 Months From Approved	07/31/2018
Responses	589	0	89
Time Burden (Hours)	245	0	160
Cost Burden (Dollars)	0	0	0

---

Abstract: The Securities Exchange Act of 1934 (the Act) authorizes the Board to regulate securities credit extended by brokers, dealers, banks, and other lenders. The FR T-4, FR U-1, and FR G-3 are recordkeeping requirements for brokers and dealers, banks, and other lenders, respectively. The FR G-3 and FR U-1 document the purpose of loans secured by margin stock. For purposes of these forms, margin stock is defined as (1) stocks that are registered on a national securities exchange or any over-the-counter security designated for trading in the National Market System, (2) debt securities (bonds) that are convertible into such stocks, and (3) shares of most mutual funds. The FR T-4 documents the purpose of credit being extended when that credit is not to purchase, carry, or trade in securities and the credit is in excess of that otherwise permitted under Regulation T , Credit by Brokers and Dealers. Lenders that are not brokers, dealers, and banks making loans secured by margin stock must register and deregister with the Federal Reserve using the FR G-1 and FR G-2, respectively, and must file an annual report (FR G-4) while registered. The Federal Reserve uses the data collected by the FR G-1, FR G-2, and FR G-4 to identify lenders subject to the Board’s Regulation U (Credit by Banks or Persons other than Brokers or Dealers for the Purpose of Purchasing or Carrying Margin Stocks) to verify their compliance with the regulation, and to monitor margin credit.

---

Authorizing Statute(s): US Code: 15 USC 78g Name of Law: Securities Exchange Act
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 3146	01/23/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 22685	05/16/2018
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 6

IC Title	Form No.	Form Name
Recordkeeping - Statement of Purpose for an Extension of Credit Secured by Margin Stock by a Person Subject to Registration Under Regulation U	FR G-3	Statement of Purpose for an Extension of Credit Secured by Margin Stock by a Person Subject to Registration Under Regulation U
Recordkeeping - Statement of Purpose for an Extension of Credit by a Creditor	FR T-4	Statement of Purpose for an Extension of Credit by a Creditor
Recordkeeping - Statement of Purpose for an Extension of Credit Secured by Margin Stock	FR U-1	Statement of Purpose for an Extension of Credit Secured by Margin Stock
Reporting - Deregistration Statement for Persons Registered Pursuant to Regulation U	FR G-2	Deregistration Statement for Persons Registered Pursuant to Regulation U
Reporting - Annual Report	FR G-4	Annual Report
Reporting - Registration Statement for Persons Who Extend Credit Secured by Margin Stock (Other Than Banks, Brokers, or Dealers)	FR G-1	Registration Statement for Persons Who Extend Credit Secured by Margin Stock (Other Than Banks, Brokers, or Dealers)

---

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	589	89	0	0	500	0
Annual Time Burden (Hours)	245	160	0	0	85	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:

---

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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

---

Common Form ICR:  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:

(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: 06/21/2018

---