Reporting, Recordkeeping, and Disclosure Requirements Associated with Rules Regarding Availability of Information

ICR 202103-7100-009

OMB: 7100-0381

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2021-03-31
IC Document Collections
ICR Details
7100-0381 202103-7100-009
Active 202010-7100-003
FRS FR 4035
Reporting, Recordkeeping, and Disclosure Requirements Associated with Rules Regarding Availability of Information
Extension without change of a currently approved collection   No
Delegated
Approved without change 03/31/2021
Retrieve Notice of Action (NOA) 03/31/2021
  Inventory as of this Action Requested Previously Approved
03/31/2024 36 Months From Approved 05/31/2021
334 0 334
134 0 134
0 0 0

The information collection consist of reporting, recordkeeping, and disclosure requirements under subpart C (Nonpublic Information Made Available to Supervised Financial Institutions, Governmental Agencies, and Others in Certain Circumstances) of the Rules Regarding Availability of Information (12 CFR Part 261). Subpart C contains reporting requirements that enable third parties to request the Board’s authorization to access, use, or further disclose confidential supervisory information or other nonpublic information of the Board, and that ensure that the Board is notified when any subpoena or other legally enforceable demand requires production of confidential supervisory information or other nonpublic information of the Board in the form of documents or testimony. Subpart C also contains one recordkeeping requirement related to a provision that allows supervised financial institutions to disclose confidential supervisory information to service providers if the disclosure is deemed necessary to the service provider’s provision of services, and two disclosure requirements that apply when individuals are served with a subpoena, order, or other judicial or administrative process requiring the production of confidential supervisory information or other nonpublic information of the Board in the form of documents or testimony.

US Code: 12 USC 326 Name of Law: Federal Reserve Act
  
None

Not associated with rulemaking

  85 FR 57616 09/15/2020
86 FR 16364 03/29/2021
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 334 334 0 0 0 0
Annual Time Burden (Hours) 134 134 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    Yes
    No
No
No
No
No
Kaitlin Merritt 202 452-3752 [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.
03/31/2021


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