TreasuryDirect

Forms and Documents

Document Name	Status
Form FS Form 5444 New Treasury Direct Form and Instruction	Modified
Supporting Statement_1535-0138_Final.docx Supporting Statement A	2020-08-12

IC Document Collections

IC ID	Document Title	Status
16704	New Treasury Direct Form and Instruction	Modified

ICR Details

OMB Control No: 1530-0071	ICR Reference No: 202101-1530-001
Status: Active	Previous ICR Reference No: 201601-1535-001
Agency/Subagency: TREAS/FISCAL	Agency Tracking No:
Title: TreasuryDirect
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 with change	Conclusion Date: 01/08/2021
	Date Received in OIRA: 01/08/2021
Terms of Clearance: Supporting statement clarified during review.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2023	36 Months From Approved
Responses	3,549,700	0	5,096,000
Time Burden (Hours)	151,070	0	351,316
Cost Burden (Dollars)	0	0	0

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Abstract: The information is requested to establish a new TreasuryDirect account and process transactions.

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Authorizing Statute(s): US Code: 31 USC 31 Name of Law: null
  

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:
	84 FR 20001	05/07/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 45216	08/28/2019
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
New Treasury Direct	FS Form 5444, FS Form 5512, FS Form 5511, FS Form 5446	TreasuryDirect Account Authorization ,   TreasuryDirect Offline Transaction Request ,   TreasuryDirect Transfer Request ,   Bank Change Request

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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	3,549,700	5,096,000	0	0	-1,546,300	0
Annual Time Burden (Hours)	151,070	351,316	0	0	-200,246	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: There is a reduction of 1,546,300 respondents due to an observed decrease in the number of account information updates and banking information updates processed both online and with assistance from Customer Support. This results in a reduction of 200,246 hours due to changes in agency estimates, for a new total of 151,070 hours.

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Annual Cost to Federal Government: $7,000,000

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.     Yes

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? No

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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: 08/29/2019

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