New Treasury Direct

Forms and Documents

Document Name	Status
Form 5511 New Treasury Direct Form and Instruction	Modified
Supporting_Statement_FY08[1].docx Supporting Statement A	2009-11-04

IC Document Collections

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

ICR Details

OMB Control No: 1535-0138	ICR Reference No: 200905-1535-001
Status: Historical Active	Previous ICR Reference No: 200705-1535-007
Agency/Subagency: TREAS/BPD	Agency Tracking No:
Title: New Treasury Direct
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 11/12/2009
	Date Received in OIRA: 07/15/2009
Terms of Clearance: Agency modified burden estimates to reconcile discrepancy in figures reported.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2012	36 Months From Approved	11/30/2009
Responses	2,061,000	0	3,468,133
Time Burden (Hours)	96,768	0	128,246
Cost Burden (Dollars)	0	0	0

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Abstract: The information is requested to establish a new 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:
	74 FR 7746	02/19/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 34396	07/15/2009
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	5444, 5511, 5512, 5446	Transfer Request ,   Bank Change Request ,   Direct Account Authorization ,   Direct Offline Transaction 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	2,061,000	3,468,133	0	0	-1,407,133	0
Annual Time Burden (Hours)	96,768	128,246	0	0	-31,478	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: When the FY06 forecast was prepared, we had just introduced the funtionality for US Treasury Marketable securities (10/05). At that time we had very minimal production statistics for transactions involving marketable securities, so the estimates were prepared based on this sparse data and educated guess work. For the FY09 forecast, we now have considerable statistics to prepare a more accurate estimate.

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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)? No

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: 07/15/2009

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