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View ICR - OIRA Conclusion

OMB Control No: 7100-0340	ICR Reference No: 202306-7100-009
Status: Active	Previous ICR Reference No: 202306-7100-005
Agency/Subagency: FRS	Agency Tracking No: FR MM
Title: Reporting and Disclosure Requirements Associated with Regulation MM
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: 06/28/2023
	Date Received in OIRA: 06/28/2023
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2026	36 Months From Approved	07/31/2023
Responses	33	0	25
Time Burden (Hours)	553	0	692
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	33	25	8
Annual Time Burden (Hours)	553	692	-139
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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimated total annual burden for the FR MM is 692 hours, and would decrease to 553 hours with the revisions. The decrease is because the Board would no longer include for the FR MM-OF the burden associated with requirements of state law or the SEC. The Board has also added certain requirements for applicants to publish a notice in a newspaper, offering period extensions, and voluntary supervision conversions.

Annual Cost to Federal Government: $0

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? No

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

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