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Federal forms, ICRs, and supporting documents

Information Collection Request

MONTHLY SURVEY ON THE AMOUNT OUTSTANDING IN IRA/KEOGH PLAN ACCOUNTS

ICR 198202-7100-003 · OMB 7100-0164 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC IDCollectionTypeStatusForm
161515 MONTHLY SURVEY ON THE AMOUNT OUTSTANDING IN IRA/KEOGH PLAN ACCOUNTS Form Migrated
ICR Details
7100-0164 198202-7100-003
Historical Active
FRS
MONTHLY SURVEY ON THE AMOUNT OUTSTANDING IN IRA/KEOGH PLAN ACCOUNTS
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 02/05/1982
Retrieve Notice of Action (NOA) 02/02/1982
This request for clearance has been approved for use through April 198 The FRB has requested a six-month survey of over 14,000 financial institutions to collect information on IRA/Keough time and savings deposits. Our understanding is that after six months, the FRB would attempt to establish a much smaller sample of institutions from which to collect the same information. Usually, a one-time universal survey is enough to assure the validity of a sample. We agree, however, that the uncertain nature of IRA/Keough accounts suggests the need for more frequent reporting by the much larger sample of 14,000+ institutions. But instead of approving six months of such reporting now, we have given authority for three months. If three months of reporting indicates that IRA activity is so sporadic that the Board can not establish a verifiable sample, we will consider another 3 month extension of the 14,000 institution report. But we may be imposing an unnecessary burden and cost on financial institutions if we assume from the start that the smaller sample can only be established after six months of the 14,000+ institution report. If the FRB requests the three-month extension, it should provide detailed evidence of the inability to create a small sample with the available data.
  Inventory as of this Action Requested Previously Approved
04/30/1982 04/30/1982
42,600 0 0
10,650 0 0
0 0 0
THESE DATA ARE USED TO MONITOR THE GROWTH OF DEPOSITS HELD IN IRA AND KEOGH PLAN ACCOUNTS FOR USE IN INTERPRETING THE MONETARY AGGREGATES.
None
None
No
1
IC Title Form No. Form Name
MONTHLY SURVEY ON THE AMOUNT OUTSTANDING IN IRA/KEOGH PLAN ACCOUNTS FR 2970
  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 42,600 0 0 42,600 0 0
Annual Time Burden (Hours) 10,650 0 0 10,650 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
No
$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
  No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
02/02/1982