Agency Information Collection Activities; Submission for OMB Review; Comment Request; Schedule of Excess Risks

Primary source

Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.

Published

December 2, 2024

Issuing agencies

Treasury Department

Abstract

The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests.

Full Text

<html>
<head>
<title>Federal Register, Volume 89 Issue 231 (Monday, December 2, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 231 (Monday, December 2, 2024)]
[Notices]
[Pages 95357-95358]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-28119]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Schedule of Excess Risks

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice of information collection; request for comment.

-----------------------------------------------------------------------

[[Page 95358]]

SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments should be received on or before January 2, 2025 to be 
assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Spencer W. Clark by emailing <a href="/cdn-cgi/l/email-protection#bbebe9fafbcfc9dedac8cec9c295dcd4cd"><span class="__cf_email__" data-cfemail="9bcbc9dadbefe9fefae8eee9e2b5fcf4ed">[email&#160;protected]</span></a>, calling 
(202) 927-5331, or viewing the entire information collection request at 
<a href="http://www.reginfo.gov">www.reginfo.gov</a>.

SUPPLEMENTARY INFORMATION:

Bureau of the Fiscal Service (BFS)

    Title: Schedule of Excess Risks.
    OMB Control Number: 1530-0062.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: The information contained in the Schedule of Excess 
Risks, FS 285-A (Schedule), is collected pursuant to 31 CFR 223.14 and 
Instruction VII of Treasury's ``Annual Letter to Executive Officers of 
Surety Companies'' by the Surety Bond Branch (SBB). The Schedule 
provides a listing of risks, either written or assumed, that exceed a 
company's underwriting limitation as established by the Treasury (for 
companies holding Certificates of Authority from Treasury) or in excess 
of 10 percent of that company's Policyholders' surplus (for companies 
applying for certification). Treasury has been mandated at 31 U.S.C. 
9304 through 9308, to ensure that companies so certified by Treasury 
are solvent and able to carry out their contracts. The information 
contained in this Schedule assists in this analysis.
    Form: FS Form 285-A.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 283.
    Frequency of Response: One time, Quarterly.
    Estimated Total Number of Annual Responses: 1,072.
    Estimated Time per Response: 20 hours for new applications and 5 
hours for quarterly renewals.
    Estimated Total Annual Burden Hours: 5,660.
    Authority: 44 U.S.C. 3501 et seq.

Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2024-28119 Filed 11-29-24; 8:45 am]
BILLING CODE 4810-AS-P


</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>

View on FederalRegister.gov →Plain-text source

Indexed from Federal Register on December 2, 2024.

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.