Minority Bank Deposit Program (MBDP) Certification Form for Admission

Forms and Documents

Document Name	Status
Form FS Form 3144 Minority Bank Deposit Program (MBDP) Certification Form for Admission Form and Instruction	Modified
1530-0001_supporting_statement_20160426.doc Supporting Statement A	2016-04-27

IC Document Collections

IC ID	Document Title	Status
15417	Minority Bank Deposit Program (MBDP) Certification Form for Admission Form and Instruction	Modified

ICR Details

OMB Control No: 1530-0001	ICR Reference No: 201604-1530-002
Status: Historical Active	Previous ICR Reference No: 201407-1530-001
Agency/Subagency: TREAS/FISCAL	Agency Tracking No: FS_Form_3144
Title: Minority Bank Deposit Program (MBDP) Certification Form for Admission
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: 08/19/2016
	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	85	0	136
Time Burden (Hours)	64	0	68
Cost Burden (Dollars)	0	0	0

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Abstract: A financial institution who wants to participate in the MBDP must complete this form. The approved application certifies the institution as minority and is admitted into the program.

Emergency Justfication: PRA responsibilities of the former Financial Management Service (FMS) and Bureau of the Public Debt (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): EO: EO 11458 Name/Subject of EO: null
   EO: EO 11625 Name/Subject of EO: null
   EO: EO 12138 Name/Subject of EO: null
   PL: Pub.L. 101 - 73 308 Name of Law: Financial Institutions Reform, Recovery and Enforcement Act of 1989
  

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
Minority Bank Deposit Program (MBDP) Certification Form for Admission	FS Form 3144	Minority Bank Deposit Program - Certification for Admission

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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	85	136	0	0	-51	0
Annual Time Burden (Hours)	64	68	0	0	-4	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: A reduction of 4 hours is attributed to discussions with representatives from financial institutions that indicate the amount of time required to complete the form is closer to 45 minutes rather than the 30 minutes previously reported. The increased time to complete the form combined with a decreased number of minority financial institutions reporting reduces the total annual burden hours to 64 rather than the 68 hours previously reported.

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Annual Cost to Federal Government: $1,606

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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