Quarterly Condensed Balance Sheet - Railroads (Form CBS) (EP 701)

Forms and Documents

Document Name	Status
Quarterly Condensed Balance Sheet - Railroads (Form CBS) Form and Instruction	Modified
Supporting Statement - EP 701 - Form CBS.pdf Supporting Statement A	2015-07-08
49 CFR 1243 2.pdf Supplementary Document	2012-05-24
49 USCODE 11145.pdf Supplementary Document	2012-05-24

IC Document Collections

IC ID	Document Title	Status
26943	Quarterly Condensed Balance Sheet - Railroads (Form CBS) Form and Instruction	Modified

ICR Details

OMB Control No: 2140-0012	ICR Reference No: 201209-2140-003
Status: Historical Inactive	Previous ICR Reference No: 201008-2140-007
Agency/Subagency: STB	Agency Tracking No:
Title: Quarterly Condensed Balance Sheet - Railroads (Form CBS) (EP 701)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 08/25/2015
	Date Received in OIRA: 07/08/2015
Terms of Clearance: STB will address comments filed on the NPRM.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2015	36 Months From Approved	10/31/2015
Responses	28	0	28
Time Burden (Hours)	168	0	168
Cost Burden (Dollars)	0	0	0

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Abstract: This collection of financial data is required to be filed by Class I railroads (currently seven), which have revenues in excess of 250 million dollars, so that the Board can fulfill various statutory requirements pursuant to U.S.C. 11123, 11145-45 and 111323-25. These reports are also used by the Board to assess industry growth as well as sudden changes in carrier financial stability, and by the Board and others to identify trends that may affect National Transportation. Under the proposal, Form CBS (49 C.F.R. § 1243.2 would be filed within 15 days, instead of 30 days, after the end of the quarter. The proposed changes to filing deadlines would further facilitate oversight of the economic health and operations of Class I railroads.

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Authorizing Statute(s): US Code: 49 USC 11145 Name of Law: Interstate Commerce Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
2140-AB11	Proposed rulemaking	80 FR 39045	07/08/2015

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Quarterly Condensed Balance Sheet - Railroads (Form CBS)	None	Quarterly Condensed Balance Sheet - Railroads (Form CBS)

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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: $608

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: 07/08/2015

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