Justification for Nonsubstantive Change

1557-0199.doc

Examination Questionnaire

Justification for Nonsubstantive Change

OMB: 1557-0199

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Examination Questionnaire

Non-substantive Change

OMB Control No. 1557-0199


On July 21, 2010, President Barack Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act, P.L. 111-203, 124 Stat. 1376 (2010) (Dodd-Frank Act). As part of the comprehensive package of financial regulatory reform measures enacted, Title III of the Dodd-Frank Act transfers the powers, authorities, rights and duties of the Office of Thrift Supervision to other banking agencies, including the OCC, on the “transfer date.” The transfer date is one year after the date of enactment of the Dodd-Frank Act, July 21, 2011. The Dodd-Frank Act also abolishes the OTS ninety days after the transfer date. As a result of the Dodd-Frank Act, OCC is making a non-substantive change to this collection of information to include the thrift institutions it now regulates.


Prior Burden:


1,565 banks @ .89 response per year = 1,393 responses

1,393 responses @ 10 minutes per response = 232 burden hours


New Burden:


2,229 institutions @ .89 response per year = 1,984 responses

1,984 responses @ 10 minutes per response = 331 burden hours


Difference:

+ 664 respondents; + 591 responses; -+99 burden hours


File Typeapplication/msword
File TitleExamination Questionnaire
AuthorOCC
Last Modified ByOCC
File Modified2011-07-19
File Created2011-07-19

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