Regulations Governing U.S. Treasury Securities - State and Local Government Series

Forms and Documents

Document Name	Status
Supporting_Statement_SLGS_regs.doc Supporting Statement A	2016-03-30

IC Document Collections

IC ID	Document Title	Status
16599	Regulations Governing U.S. Treasury Securities - State and Local Government Series	Modified

ICR Details

OMB Control No: 1530-0044	ICR Reference No: 201603-1530-002
Status: Historical Active	Previous ICR Reference No: 201409-1530-008
Agency/Subagency: TREAS/FISCAL	Agency Tracking No:
Title: Regulations Governing U.S. Treasury Securities - State and Local Government Series
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: 06/03/2016
	Date Received in OIRA: 03/31/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2019	36 Months From Approved	06/30/2016
Responses	60	0	2,000
Time Burden (Hours)	13	0	434
Cost Burden (Dollars)	356	0	4,800

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Abstract: The regulations govern U.S. Treasury bonds, notes and certificates of indebtedness of the States and Local Government Series. The collection of information is necessary to enable Treasury to establish an investor's account, to issue securities, to ensure that an investor meets the certification requirements, to redeem securities either at or prior to maturity, and to obtain necessary documentation where a waiver is involved.

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Authorizing Statute(s): US Code: 31 USC 3102 Name of Law: Borrowing Authority
  

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 81436	12/29/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 18694	03/31/2016
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
Regulations Governing U.S. Treasury Securities - State and Local Government Series

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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	60	2,000	0	0	-1,940	0
Annual Time Burden (Hours)	13	434	0	0	-421	0
Annual Cost Burden (Dollars)	356	4,800	0	0	-4,444	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 information reported in this collection only applies to a customer’s request for a waiver from a particular rule or requirement in the regulations which amounts to 5 or fewer requests on a monthly basis. The decrease to the reported burden is due to an examination of Fiscal Service collections related to activities necessary to establish and maintain State and Local Government (SLG) security accounts. Most activity occurs within the SLGSafe system – the secure Internet application available for subscribers to manage a SLG portfolio which is included in collections reported under OMB Number 1530-0065. The decrease of 421 hours is an adjustment in agency estimate for a total of 13 burden hours requested for OMB Number 1530-0044.

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Annual Cost to Federal Government: $356

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: 03/31/2016

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