Justification for No Material/Nonsubstantive Change

1557-0140.doc

Fiduciary Activities of National Banks - 12 CFR Part 9

Justification for No Material/Nonsubstantive Change

OMB: 1557-0140

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Fiduciary Activities of National Banks

12 CFR Part 9

Non-substantive Change

OMB Control No. 1557-0140


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:


492 respondents; 446,142 respondents; 126,403 burden hours


New Burden:


605 respondents; 548,610 responses; 155,435 burden hours


Difference:


+ 113 respondents; + 102,468 responses; + 29,032 burden hours

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

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