OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

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

ICR 202102-7100-008 · OMB 7100-0196 · Active

Forms and Documents
DocumentTypeStatusAvailability
FRH3_20210225_omb.pdf Supporting Statement A Uploaded 2021-02-25 Available
IC Document Collections
IC IDCollectionTypeStatusForm
36201 Recordkeeping Section 208.34(g) State member banks (de novo) Establish policies and procedures Unchanged
246023 Disclosure Section 208.34(g) Officers and employees of state member banks with trust departments Employee quarterly report Unchanged
193339 Disclosure Section 208.34(d) State member banks without trust departments Securities transactions Unchanged
181520 Disclosure Section 208.34(d) State member banks with trust departments Securities transactions Unchanged
180968 Recordkeeping Section 208.34(g) State member banks without trust departments Policies and procedures Unchanged
180967 Recordkeeping Section 208.34(c) State member banks without trust departments Securities transactions Unchanged
180966 Recordkeeping Section 208.34(g) State member banks with trust departments Employee quarterly report Unchanged
180965 Recordkeeping Section 208.34(g) State member banks with trust departments Policies and procedures Unchanged
180964 Recordkeeping Section 208.34(c) State member banks with trust departments Securities transactions Unchanged
ICR Details
7100-0196 202102-7100-008
Historical Active 202102-7100-004
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 02/25/2021
Retrieve Notice of Action (NOA) 02/25/2021
  Inventory as of this Action Requested Previously Approved
02/29/2024 36 Months From Approved 02/28/2021
38,881 0 38,881
105,827 0 105,827
0 0 0
Section 15C of the Securities Exchange Act of 1934 (the Act), establishes federal regulation of brokers and dealers of government securities, including banks and other financial institutions, and directs those brokers and dealers to keep certain records. These requirements are implemented for state member banks by sections 208.34(c), (d), and (g) of the Board’s Regulation H - Membership of State Banking Institutions in the Federal Reserve System (12 CFR Part 208), which require that non-exempt 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.
US Code: 15 USC 78w Name of Law: Securities Exchange Act of 1934
   US Code: 12 USC 248(a) Name of Law: Federal Reserve Act
   US Code: 12 USC 324 Name of Law: Federal Reserve Act
  
None
Not associated with rulemaking
  85 FR 65047 10/14/2020
86 FR 9939 02/17/2021
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 38,881 38,881 0 0 0 0
Annual Time Burden (Hours) 105,827 105,827 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
    Yes
    No
No
No
No
No
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.
02/25/2021