Filings Related to the Gramm-Leach-Bliley Act

Forms and Documents

Document	Type	Status	Availability
FR4010_FR4011_FR4012_FR4017_FR4019_FR4023_20200707_83c.pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2020-07-07	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
36340	FR 4010 - BHCs and SLHCs		Modified
205954	FR 4023		Modified
180324	FR 4019 - Portfolio company notification		Modified
180323	FR 4019 - Regulatory relief requests		Modified
180322	FR 4017		Modified
180321	FR 4012 - FHCs back into compliance BHCs and SLHCs		Modified
180320	FR 4012 - BHCs and SLHCs decertified as an FHC		Modified
180319	FR 4011		Modified
180318	FR 4010 - FBOs		Modified

ICR Details

OMB Control No: 7100-0292	ICR Reference No: 202007-7100-002
Status: Historical Active	Previous ICR Reference No: 201701-7100-007
Agency/Subagency: FRS	Agency Tracking No: FR 4010; FR 4011; FR 4012; FR4017; FR 4019; FR4023
Title: Filings Related to the Gramm-Leach-Bliley Act
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: 07/07/2020
	Date Received in OIRA: 07/07/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2020	07/31/2020	07/31/2020
Responses	112	0	90
Time Burden (Hours)	1,846	0	1,799
Cost Burden (Dollars)	0	0	0

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Abstract: This family of reporting and recordkeeping requirements related to amendments made by the Gramm-Leach-Bliley Act (GLB Act), to the Bank Holding Company Act (BHC Act), the Federal Reserve Act (FRA), and related regulations is currently composed of the following: The Declarations to Become a Financial Holding Company (FHC) (FR 4010); The Requests for Determinations and Interpretations Regarding Activities Financial in Nature (FR 4011); The Notices of Failure to Meet Capital or Management Requirements (FR 4012);2 The Notices by State Member Banks to Invest in Financial Subsidiaries (FR 4017); The Regulatory Relief Requests Associated with Merchant Banking Activities (FR 4019); and The Recordkeeping Requirements Associated with Merchant Banking Activities (FR 4023). These collections of information are event-generated and as such, there are no formal reporting forms associated with them. In each case, the type of information required to be filed is described in the Board’s regulations.

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Authorizing Statute(s): US Code: 12 USC 1843(l)(1)(C) Name of Law: Bank Holding Company Act
   US Code: 12 USC 1467a(c)(2)(H) Name of Law: Home Owner's Loan Act
   US Code: 12 USC 3106(a) Name of Law: International Banking Act
   US Code: 12 USC 1843(j)-(k) Name of Law: Bank Holding Company Act
   US Code: 12 USC 1843(l)(1) and (m) Name of Law: Bank Holding Company Act
   US Code: 12 USC 335 Name of Law: Federal Reserve Act
   US Code: 12 USC 1843(k)(7) Name of Law: Bank Holding Company 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:
	81 FR 71730	10/18/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 4880	01/17/2017
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 9

IC Title	Form No.	Form Name
FR 4012 - BHCs and SLHCs decertified as an FHC
FR 4011
FR 4019 - Regulatory relief requests
FR 4017
FR 4010 - FBOs
FR 4019 - Portfolio company notification
FR 4010 - BHCs and SLHCs
FR 4023
FR 4012 - FHCs back into compliance BHCs and SLHCs

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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	112	90	0	0	22	0
Annual Time Burden (Hours)	1,846	1,799	0	0	47	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 increase in total annual burden hours reflects an update to the respondent counts.

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Annual Cost to Federal Government: $0

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.     No

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]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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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: 07/07/2020

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