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View ICR - OIRA Conclusion

OMB Control No: 7100-0003	ICR Reference No: 201301-7100-002
Status: Historical Active	Previous ICR Reference No: 201206-7100-001
Agency/Subagency: FRS	Agency Tracking No: FR 2004
Title: Government Securities Dealers Reports
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/17/2013
	Date Received in OIRA: 01/17/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2016	36 Months From Approved	01/31/2013
Responses	8,799	0	8,799
Time Burden (Hours)	18,004	0	12,873
Cost Burden (Dollars)	0	0	0

Authorizing Statute(s): US Code: 12 USC 225a Name of Law: Federal Reserve Act
   US Code: 12 USC 263c Name of Law: Federal Reserve Act
   US Code: 12 USC 353-359 Name of Law: Federal Reserve Act
   US Code: 12 USC 391 Name of Law: Federal Reserve Act
   US Code: 5 USC 552(b)(4) Name of Law: Freedom of Information Act
   US Code: 5 USC 552(b)(8) Name of Law: Freedom of Information Act

Citations for New Statutory Requirements: None

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	8,799	8,799	0
Annual Time Burden (Hours)	18,004	12,873	5,131
Annual Cost Burden (Dollars)	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The current annual burden for the FR 2004 is estimated to be 12,873 hours. While the new information requested is readily available to the respondents, significant programming and other resources are required to implement and maintain the proposed changes. In addition, the increased burden would not affect each primary dealer equally as some dealers have only a minimal presence in the new asset classes such as municipal bonds and ABS, which would require only minor implementation costs. The proposed new and revised data items would increase the estimated average hours per response for several reports as follows: the FR 2004A would increase from 1.5 hours to 2.8 hours; the FR 2004B would increase from 2.0 hours to 3.5 hours; the FR 2004C would increase from 1.25 hours to 3.0 hours; and the FR 2004SI and SD would increase from 2.0 hours to 2.1 hours. Based on the proposed revisions, the total annual burden would increase by 5,131 hours to 18,004 hours.

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