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View ICR - OIRA Conclusion

OMB Control No: 7100-0087	ICR Reference No: 202101-7100-003
Status: Historical Active	Previous ICR Reference No: 202007-7100-009
Agency/Subagency: FRS	Agency Tracking No: FR 2900
Title: Reports of Deposits
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: 01/23/2021
	Date Received in OIRA: 01/23/2021
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2024	36 Months From Approved	01/31/2021
Responses	52,464	0	74,682
Time Burden (Hours)	52,232	0	129,594
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion	Change Due to Adjustment in Estimate
Annual Number of Responses	52,464	74,682	-29,081	6,863
Annual Time Burden (Hours)	52,232	129,594	-82,124	4,762
Annual Cost Burden (Dollars)	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimated total annual burden for the Reports of Deposits is 134,356 hours, and would decrease to 52,232 hours with the revisions. The reduction in the estimated burden is largely due to the discontinuance of the FR 2900 quarterly, FR 2910a, and FR 2930 information collections. In addition, the estimated hours per response for the FR 2900 (weekly) has been revised down (1 hour and 15 minutes to 1 hour) to reflect the reduction in the number of daily items collected. The number of respondents documented in the table below were calculated using data available as of June 1, 2020.

Annual Cost to Federal Government: $4,087,700

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. No

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? Yes

Agency Contact: Brenda Simms 202 475-6340 brenda.simms@frb.gov

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