Structure Reporting Requirements for Domestic and Foreign Banking Organizations

Forms and Documents

Document Name	Status
Form FR Y-7 Annual Report of Foreign Banking Organizations Form	Modified
Form FR Y-6 Annual Report of Holding Companies Form	Modified
Form FR Y-6 Annual Report of Holding Companies (initial) Form	Removed
Form FR Y-10 Report of Changes in Organizational Structure Form	Modified
FRY6_FRY7_FRY10_FRY10E_20191125_83c.pdf Justification for No Material/Nonsubstantive Change	2019-11-25

IC Document Collections

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

ICR Details

OMB Control No: 7100-0297	ICR Reference No: 201911-7100-006
Status: Historical Active	Previous ICR Reference No: 201801-7100-008
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: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/25/2019
	Date Received in OIRA: 11/25/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2019	11/30/2019	11/30/2019
Responses	25,825	0	26,275
Time Burden (Hours)	69,127	0	70,521
Cost Burden (Dollars)	0	0	0

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Abstract: This information collection comprises the following four reports: (1) Annual Report of Holding Companies (FR Y-6), which collects financial and organizational information from holding companies (HCs) and foreign banking organizations (FBOs) that are non-qualifying, (2) Annual Report of Foreign Banking Organizations (FR Y-7), which collects financial and organizational information from qualifying FBOs, (3) Report of Changes in Organizational Structure (FR Y-10), which is an event-generated report that captures changes in organizational structure or 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 formless supplement to the FR Y-10 that the Board may use to collect additional structural information on an emergency basis.

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Authorizing Statute(s): 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 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 602 Name of Law: Federal Reserve Act
   US Code: 12 USC 611a Name of Law: Federal Reserve 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 of 1956
   US Code: 12 USC 1844(c)(1)(A) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 3106(a) Name of Law: International Banking Act of 1978
   US Code: 12 USC 3108(a) Name of Law: International Banking Act of 1978
   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: 4

IC Title	Form No.	Form Name
Annual Report of Foreign Banking Organizations	FR Y-7	Annual Report of Foreign Banking Organizations
Annual Report of Holding Companies	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
Annual Report of Holding Companies (initial)	FR Y-6	Annual Report of Holding Companies

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ICR Summary 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	25,825	26,275	0	0	-450	0
Annual Time Burden (Hours)	69,127	70,521	0	0	-1,394	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: The decrease in total annual burden hours reflects an update to the respondent counts, adjusting the annual frequency for the FR Y-10, and the removal of the one time FR Y-6 row.

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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: 11/25/2019

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