Privacy of Consumer Financial Information

Forms and Documents

Document Name	Status
FR2-0136 Privacy of Consumer Financial Information 80FR 62073 (15 OCT 2015).pdf Supplementary Document	2015-11-13
FR1- 0136 Privacy of Consumer Financial Information 80 FR 39777 (10 JUL 2015).pdf Supplementary Document	2015-11-13
SPST-0136 2015 Renewal - Privacy of Consumer Financial information 11-27-15 Final.doc Supporting Statement A	2015-11-27

IC Document Collections

IC ID	Document Title	Status
44178	Consumer opt-out/status update	Modified
203477	Opt-out notice	Unchanged
203476	Initial notice to consumers	Unchanged
203472	Annual notice and change in terms	Modified

ICR Details

OMB Control No: 3064-0136	ICR Reference No: 201511-3064-004
Status: Historical Active	Previous ICR Reference No: 201208-3064-003
Agency/Subagency: FDIC	Agency Tracking No:
Title: Privacy of Consumer Financial Information
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: 01/29/2016
	Date Received in OIRA: 11/27/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2019	36 Months From Approved	01/31/2016
Responses	217,521	0	218,662
Time Burden (Hours)	161,904	0	171,032
Cost Burden (Dollars)	0	0	0

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Abstract: Insured state nonmember banks must disclose their privacy policies to consumers and provide them with an opportunity to opt out.

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Authorizing Statute(s): US Code: 15 USC 6803(e) Name of Law: Gramm-Leach-Bliley Act
  

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:
	80 FR 39777	07/10/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 62073	10/15/2015
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Initial notice to consumers
Opt-out notice
Consumer opt-out/status update
Annual notice and change in terms

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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	217,521	218,662	0	0	-1,141	0
Annual Time Burden (Hours)	161,904	171,032	0	0	-9,128	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: 11/27/2015

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