Recordkeeping and Disclosure Requirements in Connection with Regulation DD (Truth in Savings)

ICR 200706-7100-004

OMB: 7100-0271

Federal Form Document

Forms and Documents
Document
Name
Status
Justification for No Material/Nonsubstantive Change
2007-06-14
ICR Details
7100-0271 200706-7100-004
Historical Active 200506-7100-001
FRS Regulation DD
Recordkeeping and Disclosure Requirements in Connection with Regulation DD (Truth in Savings)
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 06/15/2007
Retrieve Notice of Action (NOA) 06/15/2007
  Inventory as of this Action Requested Previously Approved
06/30/2008 06/30/2008 06/30/2008
3,130,412 0 3,362,789
232,433 0 247,979
0 0 0

Regulation DD implements the Truth in Savings Act which applies to all depository institutions except credit unions. The Act is intended to enable consumers to make informed decisions about accounts at depository institutions.

US Code: 12 USC 4308 Name of Law: Truth in Savings Act
  
None

Not associated with rulemaking

No

  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 3,130,412 3,362,789 0 0 -232,377 0
Annual Time Burden (Hours) 232,433 247,979 0 0 -15,546 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The decrease in burden hours reflects an update to the Reg DD respondent count.

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
John Schmidt 202-728-5859 [email protected]

  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.
06/15/2007


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