Recordkeeping and Disclosure Requirements Associated with Securities Transactions Pursuant to Regulation H

ICR 202102-7100-004

OMB: 7100-0196

Federal Form Document

Forms and Documents
Document
Name
Status
Justification for No Material/Nonsubstantive Change
2021-02-25
ICR Details
7100-0196 202102-7100-004
Historical Active 201802-7100-010
FRS FR H-3
Recordkeeping and Disclosure Requirements Associated with Securities Transactions Pursuant to Regulation H
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 02/25/2021
Retrieve Notice of Action (NOA) 02/25/2021
  Inventory as of this Action Requested Previously Approved
02/28/2021 02/28/2021 02/28/2021
38,881 0 33,161
105,827 0 96,851
0 0 0

Section 15C of the Securities Exchange Act of 1934 (the Act), establishes federal regulation of brokers and dealers of government securities, including banks and other financial institutions, and directs those brokers and dealers to keep certain records. These requirements are implemented for state member banks by sections 208.34(c), (d), and (g) of the Board’s Regulation H - Membership of State Banking Institutions in the Federal Reserve System (12 CFR Part 208), which require that non-exempt state member banks effecting securities transactions for customers establish and maintain a system of records of these transactions, furnish confirmations of transactions to customers that disclose certain information, and establish written policies and procedures relating to securities trading.

US Code: 15 USC 78w Name of Law: Securities Exchange Act of 1934
   US Code: 12 USC 248(a) Name of Law: Federal Reserve Act
   US Code: 12 USC 324 Name of Law: Federal Reserve Act
  
None

Not associated with rulemaking

  82 FR 56022 11/27/2017
83 FR 6850 02/15/2018
No

  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 38,881 33,161 0 0 5,720 0
Annual Time Burden (Hours) 105,827 96,851 0 0 8,976 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The increase in total annual burden hours reflects an update to the respondent count.

$0
No
    Yes
    No
No
No
No
No
Lois Lawrence 202-452-2984 [email protected]

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
02/25/2021


© 2024 OMB.report | Privacy Policy