Notice Requirements in Connection with Regulation W (12 CFR Parts 223 Transactions Between Member Banks and Their Affiliates)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
RegW_20120522_omb.doc	Supporting Statement A	Uploaded 2012-05-22	Available
RegW_20120228_83-c.pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2012-02-28	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
36362	Loan Participation Renewal notice (12 CFR 223.15(b)(4))		Unchanged
188014	Section 23A Additional Exemption notice (12 CFR 223.43(b))		Unchanged
188013	Internal Corporate Reorganization Transactions notice (12 CFR 223.41(d)(2))		Unchanged
188012	Acquisition notice (12 CFR 223.31(d)(4))		Unchanged

ICR Details

OMB Control No: 7100-0304	ICR Reference No: 201203-7100-006
Status: Historical Active	Previous ICR Reference No: 201202-7100-009
Agency/Subagency: FRS	Agency Tracking No: Reg W
Title: Notice Requirements in Connection with Regulation W (12 CFR Parts 223 Transactions Between Member Banks and Their Affiliates)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 05/22/2012
	Date Received in OIRA: 05/22/2012
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2015	36 Months From Approved	05/31/2012
Responses	16	0	16
Time Burden (Hours)	100	0	100
Cost Burden (Dollars)	0	0	0

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Abstract: This information is required to evidence compliance with sections 23A and 23B of the Federal Reserve Act (12 U.S.C. 371c(f) and 371c-1(e)) or to request an exemption from the Board. The notice requirements associated with and described in Regulation W include: Loan Participation Renewal notice (12 CFR 223.15(b)(4)), Acquisition notice (12 CFR 223.31(d)(4)), Internal Corporate Reorganization Transactions notice (12 CFR 223.41(d)(2)), and Section 23A Additional Exemption notice (12 CFR 223.43(b)).

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Authorizing Statute(s): US Code: 5 USC 552(b)(4) and (b)(8) Name of Law: Freedom of Information Act
   US Code: 12 USC 371c and 371c-1 Name of Law: Federal Reserve Act (sections 23A and 23B)
  

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:
	77 FR 15108	03/14/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 30291	05/22/2012
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 4

table that charts list of burden

IC Title	Form No.	Form Name
Internal Corporate Reorganization Transactions notice (12 CFR 223.41(d)(2))
Section 23A Additional Exemption notice (12 CFR 223.43(b))
Acquisition notice (12 CFR 223.31(d)(4))
Loan Participation Renewal notice (12 CFR 223.15(b)(4))

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ICR Summary of Burden

table that charts list 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	16	16	0	0	0	0
Annual Time Burden (Hours)	100	100	0	0	0	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:

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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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

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: 05/22/2012

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