OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Notice of Hiring or Indemnifying Senior Executive Officers or Directors

ICR 201109-1557-005 · OMB 1557-0261 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Form 1624 Notice of Hiring or Indemnifying Senior Executive Officers or Directors Form Modified Available
1557-0261.forNonsub.change.doc Justification for No Material/Nonsubstantive Change Uploaded 2011-09-15 Available
IC Document Collections
IC IDCollectionTypeStatusForm
19878 Notice of Hiring or Indemnifying Senior Executive Officers or Directors Form Modified
ICR Details
1557-0261 201109-1557-005
Historical Active 201107-1557-013
TREAS/OCC
Notice of Hiring or Indemnifying Senior Executive Officers or Directors
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 09/22/2011
Retrieve Notice of Action (NOA) 09/22/2011
  Inventory as of this Action Requested Previously Approved
04/30/2014 04/30/2014 04/30/2014
270 0 120
550 0 280
0 0 0
Congress requires agency notification and approval for new senior executive officers and directors of financial institutions. The Interagency Notice of Change in Director or Senior Executive Officer and the Interagency Biographical and Financial Report are used to evaluate the competence, experience, and integrity of individuals considered for directorships and senior executive positions. Form 1606 is an Applicant Certification as to lack of criminal background.
None
PL: Pub.L. 111 - 203 124 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
Not associated with rulemaking
  75 FR 80896 12/23/2010
76 FR 12418 03/07/2010
No
  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 270 120 150 0 0 0
Annual Time Burden (Hours) 550 280 270 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The increase in burden is due to the integration of the OTS with the OCC. Federal law and OCC regulations require OCC approval of changes in directors and senior executive officers. The OCC needs this information to make its statutorily required determination of whether it is in the best interests of the national bank and the public to permit the individual to be employed by, or associated with, the national bank.
$0
No
No
No
Yes
No
Uncollected
Ira mills 202 874-6055 [email protected]
  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.
09/22/2011