View Information Collection Request (ICR) Package

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View ICR - OIRA Conclusion

OMB Control No: 1530-0050	ICR Reference No: 202401-1530-003
Status: Active	Previous ICR Reference No: 202008-1530-001
Agency/Subagency: TREAS/FISCAL	Agency Tracking No:
Title: Direct Deposit Sign-Up Form
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/09/2024
	Date Received in OIRA: 01/31/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2027	36 Months From Approved	04/30/2024
Responses	14,000	0	24,000
Time Burden (Hours)	2,333	0	4,000
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	14,000	24,000	-10,000
Annual Time Burden (Hours)	2,333	4,000	-1,667
Annual Cost Burden (Dollars)	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 form in this collection is used to request direct deposit of interest and redemption payments from Series HH and Series H savings bonds. Bonds of this type have not been issued since August 2004 but continue to earn interest 20 years after issue date, therefore, the inventory of unredeemed bonds will continue to diminish until 2024. A reduction of 1,667 burden hours is a program change due to agency discretion for a total of 2,333 hours.

Annual Cost to Federal Government: $395,640

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. Yes

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: Bruce Sharp 304 480-8112 Bruce.Sharp@bpd.treas.gov

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