OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Recordkeeping and Disclosure Requirements Associated with Securities Transactions Pursuant to Regulation H

ICR 201802-7100-010 · OMB 7100-0196 · Active

Forms and Documents
DocumentTypeStatusAvailability
FRH3_20180223_omb.pdf Supporting Statement A Uploaded 2018-02-23 Available
IC Document Collections
IC IDCollectionTypeStatusForm
36201 Recordkeeping Section 208.34(g) State member banks (de novo) Establish policies and procedures Modified
193339 Disclosure Section 208.34(d) State member banks without trust departments Securities transactions Modified
181520 Disclosure Section 208.34(d) State member banks with trust departments Securities transactions Modified
180969 Recordkeeping Section 208.34(g) State member banks without trust departments Employee quarterly report Modified
180968 Recordkeeping Section 208.34(g) State member banks without trust departments Policies and procedures Modified
180967 Recordkeeping Section 208.34(c) State member banks without trust departments Securities transactions Modified
180966 Recordkeeping Section 208.34(g) State member banks with trust departments Employee quarterly report Modified
180965 Recordkeeping Section 208.34(g) State member banks with trust departments Policies and procedures Modified
180964 Recordkeeping Section 208.34(c) State member banks with trust departments Securities transactions Modified
ICR Details
7100-0196 201802-7100-010
Active 201802-7100-005
FRS FR H-3
Recordkeeping and Disclosure Requirements Associated with Securities Transactions Pursuant to Regulation H
Extension without change of a currently approved collection   No
Delegated
Approved without change 02/23/2018
Retrieve Notice of Action (NOA) 02/23/2018
  Inventory as of this Action Requested Previously Approved
02/28/2021 36 Months From Approved 07/31/2018
33,161 0 33,161
96,851 0 96,851
0 0 0
These requirements are pursuant to sections 208.34(c), (d), and (g) of Regulation H - Membership of State Banking Institutions in the Federal Reserve System, which require that state member banks effecting securities transactions for customers establish and maintain a system of records of these transactions, furnish confirmations of transactions to customers that disclose certain information, and establish written policies and procedures relating to securities trading. State member banks are required to maintain records created per these requirements for three years following a securities transaction. These requirements are necessary to protect the customer, to avoid or settle customer disputes, and to protect the institution against potential liability arising under the anti-fraud and insider trading provisions of the Securities Exchange Act of 1934 (Securities Exchange Act).
US Code: 15 USC 78w Name of Law: Securities Exchange Act
   US Code: 12 USC 325 Name of Law: Federal Reserve Act
  
None
Not associated with rulemaking
  82 FR 56022 11/27/2017
83 FR 6850 02/15/2018
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 33,161 33,161 0 0 0 0
Annual Time Burden (Hours) 96,851 96,851 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
    No
    No
No
No
No
Uncollected
Lois Lawrence 202-452-2984 [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.
02/23/2018