Implementing Regulations: Government Securities Act of 1986, as amended

Forms and Documents

Document	Type	Status	Availability
Attachments & Table.pdf	Supplementary Document	Uploaded 2013-02-14	Available
OMB-2013_Supporting_Statement_revised.doc	Supporting Statement A	Uploaded 2013-07-18	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
39270	Implementing Regulations: Government Securities Act of 1986, as amended		Modified

ICR Details

OMB Control No: 1535-0089	ICR Reference No: 201302-1535-001
Status: Historical Active	Previous ICR Reference No: 200911-1535-005
Agency/Subagency: TREAS/BPD	Agency Tracking No:
Title: Implementing Regulations: Government Securities Act of 1986, as amended
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/18/2013
	Date Received in OIRA: 03/12/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2016	36 Months From Approved	07/31/2013
Responses	8,285	0	9,081
Time Burden (Hours)	282,986	0	369,664
Cost Burden (Dollars)	0	0	0

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Abstract: The regulations require government securities broker/dealers to make and keep certain records concerning government securities activities, to submit financial reports, and make certain disclosures to investors. The regulations also require depository institutions to keep certain records of non-fiduciary custodial holdings of government securities. The regulations and associated collections are fundamental to customer protection and financial responsibility.

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Authorizing Statute(s): US Code: 17 USC CFR Title 17 Chapter IV Name of Law: null
  

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 74053	12/12/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 15119	03/08/2013
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
Implementing Regulations: Government Securities Act of 1986, as amended

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ICR Summary 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	8,285	9,081	0	0	-796	0
Annual Time Burden (Hours)	282,986	369,664	0	0	-86,678	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: The 86,678 hour burden decrease is primarily due to the reduction in the number of government securities brokers and government securities dealers and fewer affected depository institutions since 2010.

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Annual Cost to Federal Government: $148,600

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: 03/12/2013

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