Request to Reissue U.S. Savings Bonds to a Personal Trust

Forms and Documents

Document Name	Status
Form FS Form 1851 Request to Reissue U.S. Savings Bonds to a Personal Trust Form and Instruction	Modified
Supporting_Statement_1530-0036.docx Supporting Statement A	2016-04-26

IC Document Collections

IC ID	Document Title	Status
16496	Request to Reissue U.S. Savings Bonds to a Personal Trust Form and Instruction	Modified

ICR Details

OMB Control No: 1530-0036	ICR Reference No: 201604-1530-001
Status: Historical Active	Previous ICR Reference No: 201407-1530-038
Agency/Subagency: TREAS/FISCAL	Agency Tracking No:
Title: Request to Reissue U.S. Savings Bonds to a Personal Trust
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 04/30/2016
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/10/2016
	Date Received in OIRA: 04/29/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2017	6 Months From Approved	08/31/2016
Responses	10,600	0	18,000
Time Burden (Hours)	2,650	0	4,500
Cost Burden (Dollars)	0	0	0

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Abstract: The information is necessary to support a request for reissue of savings bonds in the name of the trustee of a personal trust estate.

Emergency Justfication: PRA responsibilities of the former FMS and BPD have been combined under Fiscal Service. Competing priorities related to the Fiscal Service consolidation have not allowed staff to provide proper notice for comments to the public in the Federal Register. An emergency extension is requested to allow for proper comment period allowed to the public.

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Authorizing Statute(s): US Code: 31 USC 3105 Name of Law: Savings bonds and savings certificates
  

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:
	81 FR 12200	03/08/2016
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
Request to Reissue U.S. Savings Bonds to a Personal Trust	FS Form 1851	Request to Reissue United States Savings Bonds to a Personal Trust

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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	10,600	18,000	0	0	-7,400	0
Annual Time Burden (Hours)	2,650	4,500	0	0	-1,850	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 decrease to the reported burden is due to an examination of forms distributed by the Bureau of the Fiscal Service or downloaded from the TreasuryDirect website from the time of the previous extension. Since December 2012, Series EE and I Savings Bonds are only available in electronic form unless a Series I Bond is purchased with a tax refund. The amount of requests to reissue paper bonds is proportionate to the reduced amount of paper bonds issued, thus leading to a decrease in the respondents using FS Form 1851.The decrease of 1,850 hours is an adjustment in agency estimate for a total of 2,650 burden hours requested.

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Annual Cost to Federal Government: $16,930

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: 04/29/2016

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