OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Reporting and Disclosure Requirements Related to Securities of State Member Banks as Required by Regulation H

ICR 202002-7100-015 · OMB 7100-0091 · Active

Forms and Documents
DocumentTypeStatusAvailability
FRH1_20200224_omb.pdf Supporting Statement A Uploaded 2020-02-24 Available
IC Document Collections
IC IDCollectionTypeStatusForm
36093 Reporting Form 10 (17 CFR 249.210) Modified
240088 Disclosure Form 5 (17 CFR 240.16a-3(k)) New
240087 Disclosure Form 4 (17 CFR 240.16a-3(k)) New
240086 Disclosure Form 3 (17 CFR 240.16a-3(k)) New
240085 Reporting and Disclosure Form 15 (17 CFR 249.323) New
240084 Reporting and Disclosure Rule 12b-25 (17 CFR 240.12b-25) & Form 12b-25 (17 CFR 249.322) New
240083 Reporting and Disclosure Regulation 14A (17 CFR 240.14a-1 through 240.14a-12) & Schedule 14A (17 CFR 240.14a-101) New
240082 Reporting and Disclosure Rule 13e-3 (17 CFR 240.13e) & Schedule 13E-3 (17 CFR 240.13e-100) New
240081 Reporting Form 10-K (17 CFR 249.310) New
240080 Reporting Form 10-Q (17 CFR 249.308a) New
240079 Reporting Form 8-K (17 CFR 249.308) New
240077 Reporting Rule 14f-l (17 CFR 240.14f-l) New
240076 Reporting Regulation 14D (17 CFR 240.14d-1 through 240.14d-9) & Schedule 14D-9 (17 CFR 240.14d-101) New
240074 Reporting Regulation 14C (17 CFR 240.14c-1) & Schedule 14C (17 CFR 240.14c-101) New
240072 Reporting Rule 13e-l (17 CFR 240.13e-1) New
240071 Reporting Regulation 12B (17 CFR 240.12b-1 through 240.12b-36) New
240070 Reporting Form 8-A (17 CFR 249.208a) New
ICR Details
7100-0091 202002-7100-015
Active 202002-7100-012
FRS FR H-1
Reporting and Disclosure Requirements Related to Securities of State Member Banks as Required by Regulation H
Revision of a currently approved collection   No
Delegated
Approved without change 02/24/2020
Retrieve Notice of Action (NOA) 02/24/2020
  Inventory as of this Action Requested Previously Approved
02/28/2023 36 Months From Approved 02/29/2020
120 0 64
6,866 0 331
0 0 0
The Board’s Regulation H - Membership of State Banking Institutions in the Federal Reserve System (12 CFR Part 208) requires state member banks (SMBs) whose securities are subject to registration pursuant to the Securities Exchange Act of 1934 (Exchange Act) to disclose certain information to shareholders and securities exchanges and to report information relating to their securities to the Board using forms adopted by the Securities and Exchange Commission (SEC) and in compliance with certain rules and regulations adopted by the SEC.
US Code: 15 USC 78w(a)(1) Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78l(i) Name of Law: Securities Exchange Act of 1934
  
None
Not associated with rulemaking
  84 FR 39845 08/12/2019
84 FR 68451 12/16/2019
No
  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 120 64 0 56 0 0
Annual Time Burden (Hours) 6,866 331 0 6,535 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
The estimated total annual burden for the FR H-1 is 331 hours, and would increase to 6,866 hours with the adopted revisions. The increase in estimated burden results from taking into account certain requirements that were not previously accounted for in the FR H-1, as well as a new, more accurate accounting of the burden associated with certain of the required forms. The number of respondents is estimated based on actual 2018 submissions. Very few SMBs have registered securities because most SMBs are controlled by a holding company that owns most or all of the bank’s shares, meaning that most SMBs do not have a class of equity security held by 2,000 or more shareholders or listed on a national exchange. Because most publicly held banking organizations are bank holding companies, only two SMBs currently submit these data. Each of the affected SMBs submits Form 10-K annually, Form 10-Q each quarter except for the quarter in which the Form 10-K is filed, and Form 8-K on occasion. The disclosure of Forms 3, 4, and 5 is also required occasionally. The rest of the forms and regulatory reporting requirements listed above have not been filed or triggered within the last five years, but because they are potentially required the table shows them as well. The Board has used the SEC’s estimates of average burden per response. It is likely that the actual burden incurred by affected SMBs is significantly less than these estimates, given the relatively small size and non-complex nature of these SMBs, and because SMBs that have no foreign offices and control total assets of less than $150 million may substitute the quarterly financial statements they submit as part of their Call Report in lieu of the financial statements required to be included as part of Form 10-Q.
$0
No
    Yes
    No
No
No
No
Uncollected
Lois Lawrence 202-452-2984 [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.
02/24/2020