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View ICR - OIRA Conclusion

OMB Control No: 7100-0367	ICR Reference No: 202404-7100-013
Status: Active	Previous ICR Reference No: 202404-7100-010
Agency/Subagency: FRS	Agency Tracking No: FR WW
Title: Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation WW
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: 04/30/2024
	Date Received in OIRA: 04/30/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2027	36 Months From Approved	04/30/2024
Responses	137	0	118
Time Burden (Hours)	2,483	0	2,929
Cost Burden (Dollars)	0	0	0

Authorizing Statute(s): US Code: 12 USC 1844 Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 324 Name of Law: Federal Reserve Act
   US Code: 12 USC 334 Name of Law: Federal Reserve Act
   US Code: 12 USC 1467a Name of Law: Home Owners' Loan Act
   US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 248 Name of Law: Federal Reserve Act
   US Code: 12 USC 5366 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 5368 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

Citations for New Statutory Requirements: None

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	137	118	19
Annual Time Burden (Hours)	2,483	2,929	-446
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 Board revised the FR WW information collection to account for three recordkeeping requirements in Regulation WW, contained in section 249.4(a) and section 249.22(a)(1) and (a)(4), which had not been previously cleared by the Board under the Paperwork Reduction Act. Also, the time per response estimates were adjusted causing a net decrease in burden.

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. No

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]? Yes

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: Kaitlin Merritt 202 452-3752 kaitlin.m.merritt@frb.gov

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