Financial Statements of U.S. Nonbank Subsidiaries Held by FBOs, Abbreviated Financial Statements of U.S. Nonbank Subsidiares Held by FBOs, Capital and Asset Report for Foreign Banking Organizations

ICR 201507-7100-015

OMB: 7100-0125

Federal Form Document

ICR Details
7100-0125 201507-7100-015
Historical Active 201412-7100-001
FRS FR Y-7N, FR Y-7NS, FR Y-7Q
Financial Statements of U.S. Nonbank Subsidiaries Held by FBOs, Abbreviated Financial Statements of U.S. Nonbank Subsidiares Held by FBOs, Capital and Asset Report for Foreign Banking Organizations
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 08/04/2015
Retrieve Notice of Action (NOA) 08/04/2015
  Inventory as of this Action Requested Previously Approved
03/31/2017 03/31/2017 03/31/2017
1,497 0 1,401
6,849 0 6,559
0 0 0

The FR Y-7N and FR Y-7NS collect financial information for non-functionally regulated U.S. nonbank subsidiaries held by foreign banking organizations (FBOs) other than through a U.S. bank holding company, U.S. financial holding company or U.S. bank. The FR Y-7Q collects consolidated regulatory capital information from all FBOs. The Federal Reserve System uses the information to assess an FBO's ability to be a continuing source of strength to its U.S. operations and to determine compliance with U.S. laws and regulations.

US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act
   US Code: 5 USC 552(b)(4) and (b)6) Name of Law: Freedom of Information Act
   US Code: 12 USC 3106(c) and 3108 Name of Law: International Banking Act
  
None

Not associated with rulemaking

  79 FR 34753 06/18/2014
79 FR 69476 11/21/2014
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 1,497 1,401 0 0 96 0
Annual Time Burden (Hours) 6,849 6,559 0 0 290 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The net increase in burden hours reflects an update to the FR Y-7N/NS/Q respondent count.

$183,547
No
No
No
Yes
No
Uncollected
Scott Farmer 202-452-2253 [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.
08/04/2015


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