Recordkeeping and
Confirmation Requirements for Securities Transactions
Extension without change of a currently approved collection
No
Regular
10/23/2024
Requested
Previously Approved
36 Months From Approved
01/31/2025
8,216
8,983
8,216
8,983
0
0
The collection of information
requirements are contained in 12 CFR Part 344. The purpose of the
regulation is to ensure that purchasers of securities in
transactions affected by insured state nonmember banks are provided
with adequate records concerning the transactions. The regulation
is also designed to ensure that insured state nonmember banks
maintain adequate records and controls with respect to the
securities transactions they effect. Finally, this regulation
requires officers and employees of FDIC-supervised institutions to
report to the FDIC-supervised institution certain personal
securities trading activity.
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.