Minimum Security Devices and Procedures

ICR 201105-1550-005

OMB: 1550-0062

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2011-05-24
IC Document Collections
IC ID
Document
Title
Status
19903
Modified
ICR Details
1550-0062 201105-1550-005
Historical Active 200803-1550-002
TREAS/OTS
Minimum Security Devices and Procedures
Extension without change of a currently approved collection   No
Regular
Approved without change 06/25/2011
Retrieve Notice of Action (NOA) 05/24/2011
  Inventory as of this Action Requested Previously Approved
06/30/2014 36 Months From Approved 06/30/2011
741 0 832
1,482 0 1,664
0 0 0

Bank Protection Act and OTS implementing regulations require savings associations to establish security devices and procedures. Written security programs allow OTS to evaluate whether savings associations have adopted policies and procedures to ensure compliance with laws and regulations. The FDIC, OCC, and FRB have substantially similar regulations.

US Code: 12 USC 1881-1884 Name of Law: Bank Protection Act
  
None

Not associated with rulemaking

  76 FR 15368 03/21/2011
76 FR 30243 05/24/2011
No

1
IC Title Form No. Form Name
Minimum Security Devices and Procedures

  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 741 832 0 0 -91 0
Annual Time Burden (Hours) 1,482 1,664 0 0 -182 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
OTS is citing a reduction in the burden due to a reduction in the number of respondents. The requirement that savings associations establish a written security program is necessitated by the Bank Protection Act (12 U.S.C. 1881-1884), which requires the Federal supervisory agencies to promulgate rules establishing minimum standards with which each financial institution must comply with respect to the installation, maintenance, and operation of security devices and procedures to discourage robberies, burglaries, and larcenies, and to assist in the identification and apprehension of persons who commit such acts.

$0
No
No
No
No
No
Uncollected
Josephine Battle 202 906-6870

  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.
05/24/2011


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