Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice

Forms and Documents

Document	Type	Status	Availability
1550-0110 (Supporting Statement).pdf	Supporting Statement A	Uploaded 0000-00-00	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
41233	Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice		Modified
179028	Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice (notifying customers)		New

ICR Details

OMB Control No: 1550-0110	ICR Reference No: 200703-1550-001
Status: Historical Active	Previous ICR Reference No: 200503-1550-001
Agency/Subagency: TREAS/OTS	Agency Tracking No:
Title: Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice
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 without change	Conclusion Date: 05/29/2007
	Date Received in OIRA: 03/14/2007
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2010	36 Months From Approved	05/31/2007
Responses	953	0	880
Time Burden (Hours)	23,437	0	21,555
Cost Burden (Dollars)	1,171,850	0	984,000

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Abstract: Requires financial institutions to develop and apply a response program, including customer notification procedures, to address unauthorized access to or use of customer information that could result in substantial harm or inconvenience to a customer.

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Authorizing Statute(s): US Code: 12 USC 6801 Name of Law: Gramm-Leach-Bliley Act
  

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:
	71 FR 75812	12/18/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 11431	03/13/2007
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice
Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice (notifying customers)

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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	953	880	0	0	73	0
Annual Time Burden (Hours)	23,437	21,555	0	0	1,882	0
Annual Cost Burden (Dollars)	1,171,850	984,000	0	0	187,850	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 an overall increase of 1,882 hours of total burden. This occurred because, although there is a decrease in the number of respondents (from 880 to 840), where OTS initially estimated the number of covered institutions that experienced an incident of unauthorized access to customer information resulting in customer notification by using two percent of the total number of covered institutions, OTS is now using the actual number of such institutions for 2006, thus reflecting a net increase in the burden for notifying customers.

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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]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

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: 03/14/2007

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