Statement of Purpose for an Extension of Credit Secured by Margin Stock by a Person Subject to Registration Under Regulation U

ICR 201409-7100-004

OMB: 7100-0018

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Justification for No Material/Nonsubstantive Change
2014-09-11
ICR Details
7100-0018 201409-7100-004
Historical Active 201010-7100-007
FRS FR G-3
Statement of Purpose for an Extension of Credit Secured by Margin Stock by a Person Subject to Registration Under Regulation U
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 09/12/2014
Retrieve Notice of Action (NOA) 09/12/2014
  Inventory as of this Action Requested Previously Approved
01/31/2015 01/31/2015 01/31/2015
120 0 5,680
20 0 966
0 0 0

The Securities Exchange Act of 1934 ('34 Act) authorizes the Federal Reserve to regulate securities credit issued by banks, brokers and dealers, and other lenders. The purpose statement is a recordkeeping requirement for other lenders to document the purpose of their loans secured by margin stock.

US Code: 15 USC 78g Name of Law: Securities Exchange Act of 1934
  
None

Not associated with rulemaking

  75 FR 63181 10/14/2010
75 FR 81606 12/28/2010
No

  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 120 5,680 0 0 -5,560 0
Annual Time Burden (Hours) 20 966 0 0 -946 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
Decrease in burden hours reflects update to respondent count based on actual number of FR G-4 reporting forms received in 2013.

$0
No
No
No
No
No
Uncollected
Daniel Newman 202 973-7409 [email protected]

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
09/12/2014


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