Annual Financial Statements of Surety Companies - Schedule F

Forms and Documents

Document Name	Status
Form FS Form 6314 Annual Financial Statements of Surety Companies - Schedule F Form and Instruction	Modified
1530-0008_SS_Schedule F_2020.docx Supporting Statement A	2020-06-30

IC Document Collections

IC ID	Document Title	Status
15373	Annual Financial Statements of Surety Companies - Schedule F Form and Instruction	Modified

ICR Details

OMB Control No: 1530-0008	ICR Reference No: 202005-1530-002
Status: Active	Previous ICR Reference No: 201612-1530-005
Agency/Subagency: TREAS/FISCAL	Agency Tracking No:
Title: Annual Financial Statements of Surety Companies - Schedule F
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: 09/16/2020
	Date Received in OIRA: 06/30/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2023	36 Months From Approved	09/30/2020
Responses	337	0	328
Time Burden (Hours)	6,909	0	6,724
Cost Burden (Dollars)	0	0	0

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Abstract: The Schedule F provides a listing of Treasury authorized and unauthorized reinsurers for purposes of determining an amount of unauthorized ceded reinsurance that may be offset against a company's net worth in determining the company's treasury underwriting limitations. The collection is to assure that a currently certified company is solvent and able to carry out its contracts.

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Authorizing Statute(s): US Code: 31 USC Sections 9304 - 9308 Name of Law: null
  

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:
	85 FR 15570	03/18/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 39043	06/29/2020
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
Annual Financial Statements of Surety Companies - Schedule F	FS Form 6314	Annual Financial Statement of Surety Companies - Schedule F

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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	337	328	0	0	9	0
Annual Time Burden (Hours)	6,909	6,724	0	0	185	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 increase from 6,724 hours to 6,909 burden hours is attributed to an adjustment based on an increase in the number of respondents since the prior submission. The estimate for the annualized cost to the Federal government is an increase based on an examination of the hourly rate for the personnel responsible for tasks related to updating and posting the information on the Treasury Schedule F.

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Annual Cost to Federal Government: $1,320

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

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? No

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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: 06/30/2020

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