Account Based Disclosures in Connection with Federal Reserve Regulations E, CC and DD

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
SPST 3064-0084 (2014)_11_21_1.doc	Supporting Statement A	Uploaded 2014-11-21	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
31834	Regulations CC - Case-by-case hold notice - sections 229.16(c)		Unchanged
199964	Regulation E - Overdraft opt-in disclosures (consumer response)		Unchanged
199932	Regulation E - Gift card policy/procedures ongoing		Unchanged
199931	Regulation E - Gift card policy/procedures one-time		Unchanged
199929	Regulation E - Gift card exclusion policies/procedures ongoing		Unchanged
199881	Regulation E - Gift card exclusion policies/procedures one-time		Unchanged
199880	Regulation E - Gift card disclosures (one-time systems change)		Unchanged
199878	Regulation E -- Prepare/send new opt-in notices to existing customers		Unchanged
199876	Regulation E - Revise/update initial disclosures for new customers		Unchanged
186075	Regulation E - Payroll card disclosures (section 205.18) - error resolution		Unchanged
186073	Regulation E - Payroll card disclosures (section 205.18) - Initial		Unchanged
186072	Regulation E - Error resolution (sections 205.8(b) and 205.11)		Unchanged
186071	Regulation E - Initial disclosures (sections 205.7 and 205.8) - change in terms		Unchanged
186070	Regulation E - Initial disclosures (sections 205.7 and 205.8) - initial terms		Unchanged
186063	Regulation DD - Advertising (section 230.8)		Unchanged
186062	Regulation DD - Periodic Statement Disclosures (section 230.6)		Unchanged
186061	Regulation DD - Subsequent notices (Section 230.5) - Prematurity notices		Unchanged
186060	Regulation DD - Subsequent notices (section 230.5) - change in terms		Unchanged
186059	Regulation DD - Account disclosures (section 230.4)		Unchanged
186057	Regulation CC - Expedited recredit claim notice		Unchanged
186056	Regulation CC - Consumer awareness disclosure (section 229.57)		Unchanged
186055	Regulation CC - Bank's claim against indemnifying bank (section 229.55)		Unchanged
186054	Regulation CC - Response to consumer's recredit claim (section 229.54(e))		Unchanged
186053	Regulation CC - Notice of nonpayment (section 229.33(a) and (d))		Unchanged
186052	Regulation CC - Annual notice of new ATMs (section 229.18(e))		Unchanged
186051	Regulation CC - Notice of Change in Policy - Section 229.18(e)		Unchanged
186050	Regulation CC - Notice posted where consumers make deposits - sections 229.18(b) and 229.18(c)		Unchanged
186049	Regulation CC - Notice of exceptions to hold policy - Section 229.13(g)		Unchanged
186048	Regulation CC - Specific availability policy disclosure - sections 229.16, 229.17 and 229.18(d)		Unchanged

ICR Details

OMB Control No: 3064-0084	ICR Reference No: 201411-3064-007
Status: Historical Active	Previous ICR Reference No: 201206-3064-003
Agency/Subagency: FDIC	Agency Tracking No:
Title: Account Based Disclosures in Connection with Federal Reserve Regulations E, CC and DD
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/25/2015
	Date Received in OIRA: 11/25/2014
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2018	36 Months From Approved	03/31/2015
Responses	51,718,736	0	51,718,736
Time Burden (Hours)	3,476,368	0	3,476,368
Cost Burden (Dollars)	0	0	0

---

Abstract: Regulations E, CC & DD (issued by the FRB) ensure adequate disclosures regarding accounts, including electronic fund transfer services, availability of funds, and fees and annual percentage yield for deposit accounts.

---

Authorizing Statute(s): US Code: 15 USC 1693 et seq. Name of Law: Electronic Fund Transfer Act
   US Code: 12 USC 4001 et seq. Name of Law: Expedited Funds Availability Act
   US Code: 12 USC 4301 et seq. Name of Law: Truth in Savings Act
  

Citations for New Statutory Requirements: US Code: 12 USC 5301 et seq. Name of Law: Dodd-Frank Wall Street Reform And Consumer Protection Act

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 53196	09/08/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 69116	11/20/2014
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 29

table that charts list of burden

IC Title	Form No.	Form Name
Regulation CC - Notice of Change in Policy - Section 229.18(e)
Regulation E - Payroll card disclosures (section 205.18) - error resolution
Regulation E - Initial disclosures (sections 205.7 and 205.8) - initial terms
Regulation E - Payroll card disclosures (section 205.18) - Initial
Regulation CC - Notice of nonpayment (section 229.33(a) and (d))
Regulation E - Initial disclosures (sections 205.7 and 205.8) - change in terms
Regulation E - Error resolution (sections 205.8(b) and 205.11)
Regulation CC - Notice posted where consumers make deposits - sections 229.18(b) and 229.18(c)
Regulations CC - Case-by-case hold notice - sections 229.16(c)
Regulation DD - Periodic Statement Disclosures (section 230.6)
Regulation CC - Specific availability policy disclosure - sections 229.16, 229.17 and 229.18(d)
Regulation CC - Bank's claim against indemnifying bank (section 229.55)
Regulation CC - Notice of exceptions to hold policy - Section 229.13(g)
Regulation CC - Annual notice of new ATMs (section 229.18(e))
Regulation CC - Response to consumer's recredit claim (section 229.54(e))
Regulation DD - Account disclosures (section 230.4)
Regulation DD - Subsequent notices (section 230.5) - change in terms
Regulation DD - Subsequent notices (Section 230.5) - Prematurity notices
Regulation E - Gift card policy/procedures ongoing
Regulation E - Gift card policy/procedures one-time
Regulation E - Gift card disclosures (one-time systems change)
Regulation E - Revise/update initial disclosures for new customers
Regulation E - Gift card exclusion policies/procedures ongoing
Regulation E -- Prepare/send new opt-in notices to existing customers
Regulation CC - Consumer awareness disclosure (section 229.57)
Regulation CC - Expedited recredit claim notice
Regulation DD - Advertising (section 230.8)
Regulation E - Gift card exclusion policies/procedures one-time
Regulation E - Overdraft opt-in disclosures (consumer response)

---

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	51,718,736	51,718,736	0	0	0	0
Annual Time Burden (Hours)	3,476,368	3,476,368	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:

---

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]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  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:

(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: 11/25/2014

---