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.
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
respondents 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.
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.
Form FR Y-7 Annual Report of Foreign Banking Organizations
FRY10.200612.omb.doc
Supplement to the Reports of Changes in Organizational Structure (FR Y-10E)