Report of Changes in Organizational Structure; Annual Report of Bank Holding Companies; Annual Report of Foreign Banking Organizations

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form FR Y-7 Annual Report of Foreign Banking Organizations	Form	New	Available
Form FR Y-6 Annual Report of Bank Holding Companies	Form	New	Available
Form FR Y-10 Report of Changes in Organizational Structure	Form	Modified	Available
Form FR Y-10S Supplement to the Report of Changes in Organizational Structure	Form	Modified	Available
FRY10.200612.omb.doc	Supporting Statement A	Uploaded 2006-12-27	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
46508	Supplement to the Reports of Changes in Organizational Structure (FR Y-10E)		New
45554	Annual Report of Foreign Banking Organizations	Form	New	Annual Report of Foreign Banking Organizations
45553	Annual Report of Bank Holding Companies	Form	New	Annual Report of Bank Holding Companies
36348	Report of Changes in Organizational Structure	Form	Modified	Report of Changes in Organizational Structure
36348	Report of Changes in Organizational Structure	Form	Modified	Supplement to the Report of Changes in Organizational Structure

ICR Details

OMB Control No: 7100-0297	ICR Reference No: 200610-7100-003
Status: Historical Active	Previous ICR Reference No: 200608-7100-004
Agency/Subagency: FRS	Agency Tracking No: Structure Reports
Title: Report of Changes in Organizational Structure; Annual Report of Bank Holding Companies; Annual Report of Foreign Banking Organizations
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: 12/29/2006
Retrieve Notice of Action (NOA)	Date Received in OIRA: 12/29/2006
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2009	36 Months From Approved	03/31/2007
Responses	19,253	0	13,596
Time Burden (Hours)	35,269	0	12,494
Cost Burden (Dollars)	0	0	0

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Abstract: The FR Y-10 is an event-generated report filed by top-tier domestic bank holding companies (BHCs), foreign banking organizations (FBOs), and state member banks unaffiliated with a BHC, to capture changes in their regulated investments and activities. The FR Y-6 is an annual information collection submitted by top-tier BHCs and nonqualifying FBOs. It collects financial data, an organization chart, and information about shareholders. The FR Y-7 is an annual information collection submitted by qualifying FBOs to update their financial and organizational information with the Federal Reserve.

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Authorizing Statute(s): US Code: 12 USC 248(a)(1), 602, and 611a Name of Law: Federal Reserve Act
   US Code: 12 USC 3106 and 3108 Name of Law: International Banking Act
   US Code: 12 USC 321, 601, 615 Name of Law: Federal Reserve Act
   US Code: 12 USC 1843(k) and 1844(c) Name of Law: Bank Holding Company 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:
	71 FR 54075	09/13/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 78207	12/28/2006
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 4

table that charts list of burden

IC Title	Form No.	Form Name
Annual Report of Bank Holding Companies	FR Y-6	Annual Report of Bank Holding Companies
Annual Report of Foreign Banking Organizations	FR Y-7	Annual Report of Foreign Banking Organizations
Report of Changes in Organizational Structure	FR Y-10S, FR Y-10	Supplement to the Report of Changes in Organizational Structure ,   Report of Changes in Organizational Structure
Supplement to the Reports of Changes in Organizational Structure (FR Y-10E)

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ICR Summary of Burden

table that charts list 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	19,253	13,596	0	5,657	0	0
Annual Time Burden (Hours)	35,269	12,494	0	22,775	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: Yes

Burden Reduction Due to: Changing Forms

Short Statement: The Federal Reserve proposes to revise the FR Y-10S by (1) requiring data as of December 31, 2006, for reportable entities established in 2006 and reportable entities that have experienced a change since December 31, 2005, (2) modifying the option for submitting data on the suspension of Securities and Exchange Commission reporting requirements to include termination of reporting requirements, and (3) modifying the instructions to address questions that arose during the first data collection. Also, the Federal Reserve proposes to revise the FR Y-6 by modifying the cover page to make the certification similar to the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C; OMB No. 7100-0128), to add a requirement for BHCs to indicate their public web addresses, and to add check boxes to indicate whether confidentiality has been requested for any of the data provided. Finally, the Federal Reserve proposes to revise the FR Y-7 by (1) modifying the cover page to make the certification similar to the proposed FR Y-6, to add a requirement for FBOs to provide their public web addresses, and to include check boxes to indicate whether confidentiality has been requested for any of the data submitted and (2) modifying the checklist to add check boxes for information provided, to delete the separate attestation, and to delete the confidentiality check box (now included on the cover page). The following proposed changes would be effective June 30, 2007. The Federal Reserve proposes to (1) combine the FR Y-10, FR Y-10F, FR Y-10S, and FR 2058 into one event-generated reporting form, to be called the FR Y-10, (2) revise a question currently on the Banking and Nonbanking Schedules of the FR Y-10 regarding whether the company is consolidated in the respondent’s financial statements, (3) add a box to the new Nonbanking Schedule to indicate that an entity is 100% owned, and (4) add check boxes to indicate whether confidentiality has been requested for any of the data provided. The Federal Reserve also proposes to create a free-form supplement that would be used to collect additional structural information deemed to be critical and needed in an expedited manner. This reporting form would be called the FR Y-10E.

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Annual Cost to Federal Government: $1,783,777

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]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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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: 12/29/2006

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