Government Securities Dealers Reports

OMB Control No: 7100-0003	ICR Reference No: 201301-7100-002
Status: Historical Active	Previous ICR Reference No: 201206-7100-001
Agency/Subagency: FRS	Agency Tracking No: FR 2004
Title: Government Securities Dealers Reports
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: 01/17/2013
Retrieve Notice of Action (NOA)	Date Received in OIRA: 01/17/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2016	36 Months From Approved	01/31/2013
Responses	8,799	0	8,799
Time Burden (Hours)	18,004	0	12,873
Cost Burden (Dollars)	0	0	0

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Abstract: The Federal Reserve Bank of New York (FRBNY), on behalf of the Federal Reserve, collects data from primary dealers in the U.S. government securities market. Filing of the data is required to obtain the benefit of primary dealer status. The Federal Reserve uses these data to monitor the condition of the U.S. government securities market in its surveillance and analysis of the market and to assist the U.S. Department of the Treasury (Treasury). In addition, these data are helpful in the analysis of broad financial conditions and a range of financial stability issues.

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Authorizing Statute(s): US Code: 12 USC 225a Name of Law: Federal Reserve Act    US Code: 12 USC 263c Name of Law: Federal Reserve Act    US Code: 12 USC 353-359 Name of Law: Federal Reserve Act    US Code: 12 USC 391 Name of Law: Federal Reserve Act    US Code: 5 USC 552(b)(4) Name of Law: Freedom of Information Act    US Code: 5 USC 552(b)(8) Name of Law: Freedom of Information Act

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 50102	08/20/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 2397	01/11/2013
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 7

IC Title Form No. Form Name Daily Report of Dealer Activity in Treasury Financing FR 2004WI Daily Report of Dealer Activity in Treasury Financing Daily Report of Specific Issues FR 2004SD Daily Report of Specific Issues Weekly Report of Specific Issues FR 2004SI Weekly Report of Specific Issues Weekly Report of Cumulative Dealer Transactions FR 2004B Weekly Report of Cumulative Dealer Transactions Weekly Report of Dealer Financing and Fails FR 2004C Weekly Report of Dealer Financing and Fails Daily Report of Specific Issues ad hoc Weekly Report of Dealer Positions FR 2004A Weekly Report of Dealer Positions

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ICR Summary of Burden

	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	8,799	8,799	0	0	0	0
Annual Time Burden (Hours)	18,004	12,873	0	5,131	0	0
Annual Cost Burden (Dollars)	0	0	0	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: No

Burden Reduction Due to:

Short Statement: The current annual burden for the FR 2004 is estimated to be 12,873 hours. While the new information requested is readily available to the respondents, significant programming and other resources are required to implement and maintain the proposed changes. In addition, the increased burden would not affect each primary dealer equally as some dealers have only a minimal presence in the new asset classes such as municipal bonds and ABS, which would require only minor implementation costs. The proposed new and revised data items would increase the estimated average hours per response for several reports as follows: the FR 2004A would increase from 1.5 hours to 2.8 hours; the FR 2004B would increase from 2.0 hours to 3.5 hours; the FR 2004C would increase from 1.25 hours to 3.0 hours; and the FR 2004SI and SD would increase from 2.0 hours to 2.1 hours. Based on the proposed revisions, the total annual burden would increase by 5,131 hours to 18,004 hours.

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Annual Cost to Federal Government: $700,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? 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? Uncollected

Agency Contact: Mark Tokarski 202-452-5241 [email protected]

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Common Form ICR:  No

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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:
		(a) It is necessary for the proper performance of agency functions;
		(b) It avoids unnecessary duplication;
		(c) It reduces burden on small entities;
		(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
		(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
		(f) It indicates the retention periods for recordkeeping requirements;
		(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
			(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;
		(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
		(i) It uses effective and efficient statistical survey methodology (if applicable); and
		(j) It makes appropriate use of information technology.
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.
Certification Date: 01/17/2013

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