Financial Statements for Holding Companies

ICR 202004-7100-005

OMB: 7100-0128

Federal Form Document

ICR Details
7100-0128 202004-7100-005
Historical Active 201912-7100-020
FRS FR Y-9
Financial Statements for Holding Companies
Revision of a currently approved collection   No
Delegated
Approved without change 04/05/2020
Retrieve Notice of Action (NOA) 04/05/2020
  Inventory as of this Action Requested Previously Approved
04/30/2023 36 Months From Approved 12/31/2022
24,270 0 24,270
119,508 0 123,841
0 0 0

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.

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
  
None

Not associated with rulemaking

  84 FR 71414 12/27/2019
85 FR 18230 04/01/2020
Yes

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-9C (AA HCs) FR Y-9C Consolidated Financial Statements for Holding Companies
Reporting FR Y-9C (non AA HCs non CBLR) with $5 billion or more in total assets FR Y-9C Consolidated Financial Statements for Holding Companies
Reporting FR Y-9C (non AA HCs CBLR) with less than $5 billion in total assets FR Y-9C Consolidated Financial Statements for Holding Companies
Reporting FR Y-9C (non AA HCs CBLR) with $5 billion or more in total assets FR Y-9C Consolidated Financial Statements for Holding Companies
Reporting FR Y-9C (non AA HCs non CBLR) with less than $5 billion in total assets FR Y-9C Consolidated Financial Statements for Holding Companies
Recordkeeping FR Y-9C FR Y-9C Consolidated Financial Statements for Holding Companies
Reporting FR Y-9LP FR Y-9LP Parent Company Only Financial Statements for Large Holding Companies
Recordkeeping FR Y-9CS FR Y-9CS Supplement to the Consolidated Financial Statements for Holding Companies
Reporting FR Y-9ES FR Y-9ES Financial Statements for Employee Stock Ownership Plan Holding Companies
Recordkeeping FR Y-9ES FR Y-9ES Financial Statements for Employee Stock Ownership Plan Holding Companies
Reporting FR Y-9CS FR Y-9CS Supplement to the Consolidated Financial Statements for Holding Companies
Reporting FR Y-9SP FR Y-9SP Parent Company Only Financial Statements for Small Holding Companies

  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 24,270 0 0 0 0
Annual Time Burden (Hours) 119,508 123,841 0 -4,333 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
Yes
Changing Regulations
The estimated total annual burden for the FR Y-9 is 124,000 hours, and would decrease to 119,667 hours with the adopted revisions, resulting in a decrease of 4,333 hours. FR Y-9C non-advanced approaches HCs (non-AA HCs) estimated average hours per response of 40.61 is calculated by a weighted average approach. The average estimated hours per response for advanced approaches FR Y-9C filers and for the FR Y-9LP, FR Y-SP, FR Y-9ES, and FR Y-9CS filers would remain unchanged.

$2,050,800
No
    Yes
    No
No
Yes
No
Uncollected
Scott Farmer 202-452-2253 [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.
04/05/2020


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