Justification for No Material/Nonsubstantive Change

1557-0099.doc

Foreign Branch Report of Condition

Justification for No Material/Nonsubstantive Change

OMB: 1557-0099

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Foreign Branch Report of Condition

Non-substantive Change

OMB Control No. 1557-0099


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.


Current Burden:


1,287 responses; 4,288 burden hours



New Burden:


1,803 responses; 6,008 burden hours



Difference:


+ 516 responses; +1,720 burden hours


/home/ec2-user/sec/disk/omb/icr/201107-1557-058/doc/26339201

File Typeapplication/msword
File TitleExamination Questionnaire
AuthorOCC
Last Modified ByOCC
File Modified2011-07-25
File Created2011-07-20

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