Structure Reporting Requirements for Domestic and Foreign Banking Organizations

ICR 201801-7100-008

OMB: 7100-0297

Federal Form Document

ICR Details
7100-0297 201801-7100-008
Historical Active 201801-7100-002
FRS FR Y-6; FR Y-7; FR Y-10; FR Y-10E
Structure Reporting Requirements for Domestic and Foreign Banking Organizations
Revision of a currently approved collection   No
Delegated
Approved without change 01/26/2018
Retrieve Notice of Action (NOA) 01/26/2018
  Inventory as of this Action Requested Previously Approved
11/30/2019 11/30/2019 11/30/2019
26,275 0 26,275
70,521 0 70,035
0 0 0

This family of reports is composed of the following four reports: (1) Annual Report of Holding Companies (FR Y-6), which collects financial data, an organization chart, verification of domestic branch data, and information about shareholders from bank holding companies (BHCs), savings and loan holding companies (SLHCs) (collectively, HCs), and non-qualifying foreign banking organizations (FBOs), (2) Annual Report of Foreign Banking Organizations (FR Y-7), which is an annual information collection submitted by qualifying FBOs to update their financial and organizational information with the Federal Reserve, (3) Report of Changes in Organizational Structure (FR Y-10), which is an event-generated information collection to capture changes in the regulated investments and activities of various entities, and (4) Supplement to the Report of Changes in Organizational Structure (FR Y-10E), which is a free-form supplement that may be used to collect additional structural information deemed to be critical and needed in an expedited manner.

US Code: 12 USC 615 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 625 Name of Law: Federal Reserve Act
   US Code: 12 USC 5412 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 1850a(c)(1) 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: 12 USC 1467a(c)(2)(H) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 5361 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection 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
  
None

Not associated with rulemaking

  80 FR 75457 12/02/2015
83 FR 3141 01/23/2018
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 26,275 26,275 0 0 0 0
Annual Time Burden (Hours) 70,521 70,035 0 486 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
The current annual reporting burden is estimated to be 70,035 hours. The FR Y-7 proposed revisions would result in an increase in burden of 486 hours due to the increase in estimated average hours per response from 4 to 6. While the overall FR Y-7 reporting burden is estimated to increase by 2 hours on average for all FR Y-7 respondents, the proposed reporting requirements only apply to a subset of the respondents (approximately 143).

$2,362,850
No
    Yes
    No
No
Yes
No
Uncollected
Mark Tokarski 202-452-5241 [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.
01/26/2018


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