The FR Y-14A/Q data would be used to
assess the capital adequacy of large BHCs using forward-looking
projections of revenue and losses. In addition, these data would be
used to help inform the Federal Reserve's operational decision
making as the Board moves ahead with implementing the Capital Plan
rulemaking.
US Code:
12
USC 5365 Name of Law: Dodd-Frank Act
US Code: 12
USC 1844 Name of Law: Bank Holding Company Act
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.