Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies, and Abbreviated Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form FR Y-11S Abbreviated Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies	Form	Modified	Available
Form FR Y-11 (Annual) Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies	Form	Modified	Available
Form FR Y-11 Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies	Form	Modified	Available
FRY11-S.2314-S.200802.omb.doc	Supporting Statement A	Uploaded 2008-02-27	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
46644	Abbreviated Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies	Form	Modified
46643	Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies	Form	Modified
36274	Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies	Form	Modified

ICR Details

OMB Control No: 7100-0244	ICR Reference No: 200711-7100-002
Status: Historical Active	Previous ICR Reference No: 200709-7100-009
Agency/Subagency: FRS	Agency Tracking No: FR Y-11, FR Y-11S
Title: Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies, and Abbreviated Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies
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: 02/27/2008
	Date Received in OIRA: 02/27/2008
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2011	36 Months From Approved	03/31/2008
Responses	2,370	0	7,338
Time Burden (Hours)	12,625	0	38,700
Cost Burden (Dollars)	0	0	0

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Abstract: The FR Y-11 reporting forms collect financial information for individual non-functionally regulated U.S. nonbank subsidiaries of domestic bank holding companies (BHCs). The FR Y-11 data are used with other BHC data to assess the condition of BHCs that are heavily engaged in nonbanking activities and to monitor the volume, nature, and condition of their nonbanking operations.

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Authorizing Statute(s): US Code: 12 USC 1844(c) Name of Law: Bank Holding Compnay 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:
	72 FR 63580	11/09/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 10442	02/27/2008
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

table that charts list of burden

IC Title	Form No.	Form Name
Abbreviated Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies	FR Y-11S	Abbreviated Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies
Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies	FR Y-11 (Annual)	Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies
Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies	FR Y-11	Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies

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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	2,370	7,338	0	-4,968	0	0
Annual Time Burden (Hours)	12,625	38,700	0	-26,075	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The Federal Reserve proposes to eliminate reporting by subsidiaries that were created for the purposes of issuing trust preferred securities to substantially reduce burden on the industry. The Federal Reserve also proposes to collect: (1) certain data on the FR Y-11 from all institutions that choose, under generally accepted accounting principles, to apply a fair value option to one or more financial instruments and one or more classes of servicing assets and liabilities and (2) a new data item on the income statement to collect fees and commissions from annuity sales. On the FR Y-11S, the Federal Reserve proposes to add a question to determine whether the subsidiary has adopted a fair value option. The total current annual burden for the FR Y-11/S is estimated to be 38,700 hours and is estimated to decrease by 26,075 hours with these revisions.

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Annual Cost to Federal Government: $253,900

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: 02/27/2008

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