Financial Statements for Holding Companies

Forms and Documents

Document Name	Status
Form FR Y-9SP Reporting FR Y-9SP Form	Modified
Form FR Y-9LP Reporting FR Y-9LP Form	Modified
Form FR Y-9C Reporting FR Y-9C (AA HCs) Form	Modified
Form FR Y-9C Reporting FR Y-9C (non AA HCs) with $5 billion or more in total assets Form	Modified
Form FR Y-9C Reporting FR Y-9C (non AA HCs) with less than $5 billion in total assets Form	Modified
Form FR Y-9CS Recordkeeping FR Y-9CS Form	New
Form FR Y-9ES Recordkeeping FR Y-9ES Form	New
Form FR Y-9SP Recordkeeping FR Y-9SP Form	New
Form FR Y-9LP Recordkeeping FR Y-9LP Form	New
Form FR Y-9C Recordkeeping FR Y-9C (AA HCs) Form	New
Form FR Y-9C Recordkeeping FR Y-9C (non AA HCs) with $5 billion or more in total assets Form	New
Form FR Y-9C Recordkeeping FR Y-9C (non AA HCs) with less than $5 billion in total assets Form	New
Form FR Y-9CS Reporting FR Y-9CS Form	New
Form FR Y-9ES Reporting FR Y-9ES Form	Modified
FRY9_20200103_omb.pdf Supporting Statement A	2020-01-03

IC Document Collections

IC ID	Document Title	Status
45881	Reporting FR Y-9SP Form	Modified
45880	Reporting FR Y-9LP Form	Modified
45879	Reporting FR Y-9C (AA HCs) Form	Modified
45878	Reporting FR Y-9C (non AA HCs) with $5 billion or more in total assets Form	Modified
36158	Reporting FR Y-9C (non AA HCs) with less than $5 billion in total assets Form	Modified
239126	Recordkeeping FR Y-9CS Form	New
239125	Recordkeeping FR Y-9ES Form	New
239124	Recordkeeping FR Y-9SP Form	New
239123	Recordkeeping FR Y-9LP Form	New
239122	Recordkeeping FR Y-9C (AA HCs) Form	New
239121	Recordkeeping FR Y-9C (non AA HCs) with $5 billion or more in total assets Form	New
239120	Recordkeeping FR Y-9C (non AA HCs) with less than $5 billion in total assets Form	New
239119	Reporting FR Y-9CS Form	New
210280	Reporting FR Y-9ES Form	Modified

ICR Details

OMB Control No: 7100-0128	ICR Reference No: 201912-7100-020
Status: Historical Active	Previous ICR Reference No: 201912-7100-015
Agency/Subagency: FRS	Agency Tracking No: FR Y-9
Title: Financial Statements for Holding Companies
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: 01/03/2020
	Date Received in OIRA: 01/03/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2022	12/31/2022	12/31/2022
Responses	24,270	0	12,135
Time Burden (Hours)	123,841	0	119,812
Cost Burden (Dollars)	0	0	0

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Abstract: The Board requires bank holding companies (BHCs), most savings and loan holding companies (SLHCs), securities holding companies, and U.S. intermediate holding companies (IHCs) (collectively, HCs) to provide standardized financial statements through one or more of the FR Y-9 reports. The information collected on the FR Y-9 reports is necessary for the Board to identify emerging financial risks and monitor the safety and soundness of HC operations.

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Authorizing Statute(s): US Code: 12 USC 1844 Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 1467a(b)(2) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 1467a(b)(3) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 511(a)(1) 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 1850a(c)(1)(A) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection 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:
	84 FR 50840	09/26/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 70971	12/26/2019
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 14

IC Title	Form No.	Form Name
Recordkeeping FR Y-9LP	FR Y-9LP	Parent Company Only Financial Statements for Large Holding Companies
Recordkeeping FR Y-9SP	FR Y-9SP	Parent Company Only Financial Statements for Small Holding Companies
Reporting FR Y-9SP	FR Y-9SP	Parent Company Only Financial Statements for Small Holding Companies
Reporting FR Y-9LP	FR Y-9LP	Parent Company Only Financial Statements for Large Holding Companies
Reporting FR Y-9C (non AA HCs) with less than $5 billion in total assets	FR Y-9C	Consolidated Financial Statements for Holding Companies
Reporting FR Y-9C (non AA HCs) with $5 billion or more in total assets	FR Y-9C	Consolidated Financial Statements for Holding Companies
Reporting FR Y-9ES	FR Y-9ES	Financial Statements for Employee Stock Ownership Plan Holding Companies
Reporting FR Y-9C (AA HCs)	FR Y-9C	Consolidated Financial Statements for Holding Companies
Recordkeeping FR Y-9C (AA HCs)	FR Y-9C	Consolidated Financial Statements for Holding Companies
Reporting FR Y-9CS	FR Y-9CS	Supplement to the Consolidated Financial Statements for Holding Companies
Recordkeeping FR Y-9CS	FR Y-9CS	Supplement to the Consolidated Financial Statements for Holding Companies
Recordkeeping FR Y-9C (non AA HCs) with less than $5 billion in total assets	FR Y-9C	Consolidated Financial Statements for Holding Companies
Recordkeeping FR Y-9ES	FR Y-9ES	Financial Statements for Employee Stock Ownership Plan Holding Companies
Recordkeeping FR Y-9C (non AA HCs) with $5 billion or more in total assets	FR Y-9C	Consolidated Financial Statements for 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	24,270	12,135	0	12,135	0	0
Annual Time Burden (Hours)	123,841	119,812	0	4,029	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimated total annual burden for the FR Y-9 family of reports is 119,812 hours and would increase to 123,841 hours with the adopted revisions. The estimated average hours per response for non-advanced approaches FR Y-9C filers with less than $5 billion in total assets would decrease from 46.34 hours to 40.48 hours, a decrease of 5.86 hours. The estimated average hours per response for non-advanced approaches FR Y-9C filers with $5 billion or more in total assets and advanced approaches FR Y-9C filers would not change with this proposal. The estimated average hours per response for the FR Y-9LP, FR Y-9SP, FR Y-9ES, and FR Y-9CS filers would also remain unchanged. The result of these burden reduction measures reduces the total burden by 3,633 hours. The result of the addition of the previously uncleared recordkeeping requirement is an increase of 7,662 hours, producing the net total increase of 4,029 hours.

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Annual Cost to Federal Government: $2,050,800

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: 01/03/2020

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