Structure Reporting Requirements for Domestic and Foreign Banking Organizations

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form FR Y-7 Annual Report of Foreign Banking Organizations	Form	Modified	Available
Form FR Y-6 Annual Report of Holding Companies (ongoing)	Form	Unchanged	Available
Form FR Y-6 Annual Report of Holding Companies (initial)	Form	Unchanged	Available
Form FR Y-10 Report of Changes in Organizational Structure	Form	Unchanged	Available
FRY6_FRY7_FRY10_FRY10E_20180126_omb.pdf	Supporting Statement A	Uploaded 2018-01-26	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
45554	Annual Report of Foreign Banking Organizations	Form	Modified
45553	Annual Report of Holding Companies (ongoing)	Form	Unchanged
36348	Annual Report of Holding Companies (initial)	Form	Unchanged
223035	Supplement to the Report of Changes in Organizational Structure		Unchanged
217886	Report of Changes in Organizational Structure	Form	Unchanged

ICR Details

OMB Control No: 7100-0297	ICR Reference No: 201801-7100-008
Status: Historical Active	Previous ICR Reference No: 201801-7100-002
Agency/Subagency: FRS	Agency Tracking No: FR Y-6; FR Y-7; FR Y-10; FR Y-10E
Title: Structure Reporting Requirements for Domestic and Foreign Banking Organizations
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: 01/26/2018
	Date Received in OIRA: 01/26/2018
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2019	11/30/2019	11/30/2019
Responses	26,275	0	26,275
Time Burden (Hours)	70,521	0	70,035
Cost Burden (Dollars)	0	0	0

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Abstract: 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.

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Authorizing Statute(s): 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
  

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 75457	12/02/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 3141	01/23/2018
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
Annual Report of Holding Companies (ongoing)	FR Y-6	Annual Report of Holding Companies
Annual Report of Foreign Banking Organizations	FR Y-7	Annual Report of Foreign Banking Organizations
Annual Report of Holding Companies (initial)	FR Y-6	Annual Report of Holding Companies
Report of Changes in Organizational Structure	FR Y-10	Report of Changes in Organizational Structure
Supplement to the Report of Changes in Organizational Structure

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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	26,275	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

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 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).

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

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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]? Yes

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: 01/26/2018

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