Financial Statements for Bank Holding Companies

ICR 201011-7100-011

OMB: 7100-0128

Federal Form Document

ICR Details
7100-0128 201011-7100-011
Historical Active 201010-7100-003
FRS FR Y-9
Financial Statements for Bank Holding Companies
Revision of a currently approved collection   No
Delegated
Approved without change 03/13/2011
Retrieve Notice of Action (NOA) 03/13/2011
  Inventory as of this Action Requested Previously Approved
03/31/2014 36 Months From Approved 03/31/2011
18,635 0 18,635
261,668 0 250,129
0 0 0

The FR Y-9 family of reports historically has been, and continues to be, the primary source of financial information on BHCs between on-site inspections. Financial information from these reports is used to detect emerging financial problems, to review performance and conduct pre-inspection analysis, to monitor and evaluate capital adequacy, to evaluate BHC mergers and acquisitions, and to analyze a BHC's overall financial condition to ensure safe and sound operations.

US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act
   US Code: 5 USC 552(b)(4) Name of Law: Freedom of Information Act
  
None

Not associated with rulemaking

  75 FR 67721 11/03/2010
76 FR 11474 03/02/2011
Yes

  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 18,635 18,635 0 0 0 0
Annual Time Burden (Hours) 261,668 250,129 0 11,539 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
The Federal Reserve proposes the following revisions and clarifications to the FR Y-9C effective March 31, 2011: (1) break out by loan category of other loans and leases that are troubled debt restructurings for those that (a) are past due 30 days or more or in nonaccrual status or (b) are in compliance with their modified terms and clarify reporting of restructured troubled debt consumer loans, (2) break out other consumer loans into automobile loans and all other consumer loans in several schedules, (3) break out commercial mortgage-backed securities issued or guaranteed by U.S. Government agencies and sponsored agencies, (4) create a new Schedule HC-V, Variable Interest Entities, for reporting major categories of assets and liabilities of consolidated variable interest entities (VIEs), (5) break out loans and other real estate owned (OREO) information covered by FDIC loss-sharing agreements by loan and OREO category, (6) break out life insurance assets into data items for general account, separate account, and hybrid account life insurance assets (7) add new data items for the total assets of captive insurance and reinsurance subsidiaries, (8) add new income statement items for credit valuation adjustments and debit valuation adjustments included in trading revenues (for BHCs with total assets of $100 billion or more), (9) revise reporting instructions in the areas of construction lending and 1-4 family residential mortgage banking activities, and (10) collect expanded information on the quarterly-averages schedule.

$1,961,549
No
No
No
No
No
Uncollected
Nicole Padar 202-530-6294 [email protected]

  No

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.
03/13/2011


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