Resolution For Transactions Involving Treasury Securities

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form FS Form 1010 Resolution for Transactions Involving Treasury Securities	Form and Instruction	Modified	Available
Form FS Form 1010 Resolution For Transactions Involving Treasury Securities	Form and Instruction	Modified	Available
1530-0049 Supporting Statement 2023.docx	Supporting Statement A	Uploaded 2024-01-31	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
16653	Resolution For Transactions Involving Treasury Securities	Form and Instruction	Modified	Resolution for Transactions Involving Treasury Securities
16653	Resolution For Transactions Involving Treasury Securities	Form and Instruction	Modified

ICR Details

OMB Control No: 1530-0049	ICR Reference No: 202401-1530-002
Status: Active	Previous ICR Reference No: 202008-1530-003
Agency/Subagency: TREAS/FISCAL	Agency Tracking No:
Title: Resolution For Transactions Involving Treasury Securities
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: 04/09/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 01/31/2024
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2027	36 Months From Approved	04/30/2024
Responses	3,500	0	2,580
Time Burden (Hours)	583	0	430
Cost Burden (Dollars)	0	0	0

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Abstract: The information is collected to establish an official’s authority (by name and title) when conducting transactions involving Treasury Securities on behalf of an organization.

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Authorizing Statute(s): US Code: 31 USC 31
  

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:
	88 FR 61011	09/06/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 6179	01/31/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Resolution For Transactions Involving Treasury Securities	FS Form 1010	Resolution for Transactions Involving Treasury Securities

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ICR Summary of Burden

table that charts list 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	3,500	2,580	0	0	920	0
Annual Time Burden (Hours)	583	430	0	0	153	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: An increase of 153 burden hours is a change due to adjustment in agency estimates for a total of 583 hours. The number of funded TreasuryDirect accounts grew as a total from 645,000 in September 2020 to 3.9 million in September 2023. The influx of TreasuryDirect accounts, in particular entity business accounts, provides a growing need for sole proprietors and partnerships to use the FS Form 1010 in new accounts needing evidence (Resolutions) if the new account fails third party verification or was set up incorrectly by the account holder.

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Annual Cost to Federal Government: $98,910

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: 01/31/2024

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