Annual Report of Holding Companies; Annual Report of Foreign Banking Organizations; Report of Changes in Organizational Structure; Supplement to the Report of Changes in Organizational Structure

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
FRY6_FRY7_FRY10_FRY10E_20150922_omb.pdf	Supporting Statement A	Uploaded 2015-09-22	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
46508	Report of Changes in Organizational Structure (ongoing)	Instruction	Modified
45554	Report of Changes in Organizational Structure (initial)	Other-Draft Form	Modified
45553	Annual Report of Foreign Banking Organizations	Other-Draft Instruction	Modified
36348	Annual Report of Holding Companies	Other-Draft Instruction	Modified
217886	Supplement to the Report of Changes in Organizational Structure		New

ICR Details

OMB Control No: 7100-0297	ICR Reference No: 201508-7100-002
Status: Historical Active	Previous ICR Reference No: 201502-7100-004
Agency/Subagency: FRS	Agency Tracking No: FR Y-6; FR Y-7; FR Y-10; FR Y-10E
Title: Annual Report of Holding Companies; Annual Report of Foreign Banking Organizations; Report of Changes in Organizational Structure; Supplement to the Report of Changes in Organizational Structure
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: 09/22/2015
	Date Received in OIRA: 09/22/2015
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2018	36 Months From Approved	12/31/2015
Responses	26,779	0	26,249
Time Burden (Hours)	70,363	0	64,596
Cost Burden (Dollars)	0	0	0

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Abstract: The FR Y-6 is an annual information collection submitted by top-tier holding companies (HCs) and non-qualifying foreign banking organizations (FBOs). It collects financial data, an organization chart, verification of domestic branch data, and information about shareholders. The Federal Reserve uses the data to monitor holding company operations and determine holding company compliance with the provisions of the Bank Holding Company Act (BHC Act), Regulation Y (12 C.F.R. § 225), the Home Owners' Loan Act (HOLA) and Regulation LL (12 C.F.R. § 238). 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 FR Y-7 collects financial, organizational, and managerial information. The Federal Reserve uses 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. The FR Y-10 is an event-generated information collection submitted by FBOs; top-tier HCs; security holding companies as authorized under Section 618 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (12 U.S.C. § 1850a(c)(1)); state member banks unaffiliated with a bank holding company (BHC); Edge and agreement corporations that are not controlled by a member bank, a domestic BHC, or a FBO; and nationally chartered banks that are not controlled by a BHC (with regard to their foreign investments only), to capture changes in their regulated investments and activities. The Federal Reserve uses the data to monitor structure information on subsidiaries and regulated investments of these entities engaged in banking and nonbanking activities. The FR Y-10E is a free-form supplement that may be used to collect additional structural information deemed to be critical and needed in an expedited manner.

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Authorizing Statute(s): US Code: 5 USC 552(b)(6) Name of Law: Freedom of Information Act
   US Code: 12 USC 1843(k) Name of Law: Bank Holding Company Act
   US Code: 12 USC 1844(c)(1)(A) Name of Law: Bank Holding Company Act
   US Code: 12 USC 3106(a) Name of Law: International Banking Act
   US Code: 12 USC 3108(a) Name of Law: International Banking Act
   US Code: 12 USC 248(a)(1) Name of Law: Federal Reserve Act
   US Code: 12 USC 321 Name of Law: Federal Reserve Act
   US Code: 12 USC 601 Name of Law: Federal Reserve Act
   US Code: 12 USC 602 Name of Law: Federal Reserve Act
   US Code: 12 USC 611a Name of Law: Federal Reserve Act
   US Code: 12 USC 615 Name of Law: Federal Reserve Act
   US Code: 12 USC 625 Name of Law: Federal Reserve Act
   US Code: 12 USC 1850a(c)(1) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 5361 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 5412 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 5468(b)(1) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 5 USC 552(b)(4) Name of Law: Freedom of Information 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:
	80 FR 15009	03/20/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 38202	07/02/2015
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 5

table that charts list of burden

IC Title	Form No.	Form Name
Report of Changes in Organizational Structure (initial)	FR Y-10	Report of Changes in Organizational Structure
Annual Report of Holding Companies	FR Y-6	Annual Report of Holding Companies
Report of Changes in Organizational Structure (ongoing)	FR Y-10	Report of Changes in Organizational Structure
Supplement to the Report of Changes in Organizational Structure
Annual Report of Foreign Banking Organizations	FR Y-7	Annual Report of Foreign Banking Organizations

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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	26,779	26,249	0	530	0	0
Annual Time Burden (Hours)	70,363	64,596	0	5,767	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: The Federal Reserve believes that the proposed changes to the FR Y-6, FR Y-7, and FR Y-10 would result in a change of 15 minutes to the average hours per response for each report. This change to the estimate reflects that some institutions will not have LEI data to report.

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Annual Cost to Federal Government: $2,362,850

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

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: 09/22/2015

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