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Notice

Proposed Collection of Information: TreasuryDirect System

Document Details

Information about this document as published in the Federal Register.

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ACTION:

Notice and request for comments.

SUMMARY:

The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A). Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning the electronic process for selling/issuing, servicing, and making payments on or redeeming U.S. Treasury securities.

DATES:

Written comments should be received on or before September 29, 2014 to be assured of consideration.

ADDRESSES:

Direct all written comments to Bureau of the Fiscal Service, Bruce A. Sharp, 200 Third Street A4-A, Parkersburg, WV 26106-1328, or bruce.sharp@fiscal.treasury.gov.

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FOR FURTHER INFORMATION CONTACT:

Requests for additional information or copies should be directed to Bureau of the Fiscal Service, Helen Reilly, 200 Third Street, Parkersburg, WV 26106-1328, (304) 480-6179, or helen.reilly@fiscal.treasury.gov.

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SUPPLEMENTARY INFORMATION:

Title: TreasuryDirect.

OMB Number: 1535-0138.

Abstract: The information collected in the electronic system is requested to establish a new account and process any associated transactions.

Current Actions: The Bureau of the Fiscal Service (Fiscal Service) offers Americans the opportunity to buy and hold Treasury securities directly with the Department of the Treasury. The retail program is geared toward small investors, most of them individuals who buy savings bonds and marketable Treasury securities. Investors create and manage electronic accounts via the Fiscal Service TreasuryDirect system.

Fiscal Service is exploring a strategy to reach new customers, develop new and innovative product delivery streams, and increase the number of available product offerings. In support of this strategy, Fiscal Service will introduce the Treasury Retail Investment Manager (TRIM) that will eventually replace the current TreasuryDirect system. TRIM will be more flexible and responsive to changing business needs for delivering digital investing needs.

Type of Review: Revision of a previously approved collection.

Affected Public: Individuals or Households.

Estimated Number of Respondents: 2.06 million.

Estimated Time per Respondent: 10 minutes.

Estimated Total Annual Burden Hours: 97,000De.

Request For Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency's estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.

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Dated: July 28, 2014.

Bruce A. Sharp,

Bureau Clearance Officer.

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[FR Doc. 2014-18052 Filed 7-30-14; 8:45 am]

BILLING CODE 4810-39-P