Systemic Risk Report

ICR 202010-7100-016

OMB: 7100-0352

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Form
Modified
Supporting Statement A
2020-10-28
IC Document Collections
IC ID
Document
Title
Status
239140 Modified
223137 Modified
ICR Details
7100-0352 202010-7100-016
Active 202007-7100-012
FRS FR Y-15
Systemic Risk Report
Revision of a currently approved collection   No
Delegated
Approved without change 10/29/2020
Retrieve Notice of Action (NOA) 10/29/2020
  Inventory as of this Action Requested Previously Approved
12/31/2022 12/31/2022 02/28/2021
344 0 344
69,660 0 69,660
0 0 0

The FR Y-15 quarterly report currently collects systemic risk data from U.S. bank holding companies (BHCs), covered savings and loan holding companies (SLHCs), and intermediate holding companies (IHCs) with total consolidated assets of $50 billion or more, as well as any U.S. BHC designated as a global systemically important bank holding company (GSIB). Pursuant to separate revisions to the FR Y-15 recently made by the Board, the reporting panel for the FR Y-15 will, effective June 30, 2020, consist of U.S. BHCs and SLHCs with $100 billion or more in consolidated assets, foreign banking organizations (FBOs) with $100 billion or more in combined U.S. assets, and any BHC designated as a GSIB. Among other purposes, the Board uses the FR Y-15 data to monitor, on an ongoing basis, the systemic risk profile of certain institutions that are subject to enhanced prudential standards under section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).

US Code: 12 USC 1467a(b) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 3106 Name of Law: International Banking Act of 1978
   US Code: 12 USC 1844 Name of Law: Bank Holding Company Act of 1956
  
None

Not associated with rulemaking

  84 FR 47509 09/10/2019
84 FR 71423 12/27/2019
Yes

2
IC Title Form No. Form Name
Recordkeeping FR Y-15 Systemic Risk Report
Reporting FR Y-15 Systemic Risk Report

  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 344 344 0 0 0 0
Annual Time Burden (Hours) 69,660 69,660 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$326,900
No
    Yes
    No
No
No
No
No
Richard Palmer 202 502-8438 [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.
10/29/2020


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