Implementing Regulations: Government Securities Act of 1986, as amended

ICR 202407-1530-001

OMB: 1530-0064

Federal Form Document

IC Document Collections
ICR Details
1530-0064 202407-1530-001
Received in OIRA 202105-1530-001
TREAS/FISCAL
Implementing Regulations: Government Securities Act of 1986, as amended
Extension without change of a currently approved collection   No
Regular 09/23/2024
  Requested Previously Approved
36 Months From Approved 10/31/2024
2,879 2,670
206,293 215,111
0 0

The regulations require government securities broker and dealers to make and keep certain records concerning their business activities and their holdings of government securities, to submit financial reports, and to make certain disclosures to investors. The regulations also require depository institutions to keep certain records of non-fiduciary custodial holdings of government securities. The regulations and associated collections are fundamental to customer protection and dealer financial responsibility.

US Code: 15 USC 78o-5 Name of Law: Government Securities Brokers and Dealers
  
None

Not associated with rulemaking

  89 FR 42927 05/16/2024
89 FR 77240 09/20/2024
No

  Total Request 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 2,879 2,670 0 0 209 0
Annual Time Burden (Hours) 206,293 215,111 0 0 -8,818 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The 8,818 hour burden decrease from 2021 is primarily due to the reduction in the number of government securities brokers and government securities dealers from one firm to zero firms and fewer affected depository institutions.

$130,310
No
    Yes
    Yes
No
No
No
No
Bruce Sharp 304 480-8112 [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.
09/23/2024


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