Reports of Foreign Banking Organizations

ICR 202109-7100-004

OMB: 7100-0125

Federal Form Document

Forms and Documents
IC Document Collections
IC ID
Document
Title
Status
46514 Modified
46513 Modified
46512 Modified
46511 Modified
46510 Modified
ICR Details
7100-0125 202109-7100-004
Active 202103-7100-004
FRS FR Y-7N; FR Y-7NS; FR Y-7Q
Reports of Foreign Banking Organizations
Revision of a currently approved collection   No
Delegated
Approved without change 09/24/2021
Retrieve Notice of Action (NOA) 09/24/2021
  Inventory as of this Action Requested Previously Approved
09/30/2024 36 Months From Approved 09/30/2021
730 0 730
2,444 0 2,444
0 0 0

The FR Y-7N and FR Y-7NS collect financial information for non-functionally regulated U.S. nonbank subsidiaries held by foreign banking organizations (FBOs) other than through a U.S. bank holding company (BHC), financial holding company (FHC), or U.S. bank. FBOs file the FR Y-7N quarterly or annually or the FR Y-7NS annually predominantly based on asset size thresholds. The FR Y-7Q collects consolidated regulatory capital information from all FBOs either quarterly or annually. Part 1A of the FR Y-7Q is filed quarterly by FBOs that have effectively elected to become U.S. FHCs and by FBOs that have total consolidated assets of $50 billion or more, regardless of FHC status. Part 1B of the FR Y-7Q is filed quarterly by FBOs with combined U.S. assets of $100 billion or more, or combined U.S. assets of less than $100 billion but total consolidated assets of $250 billion or more. All other FBOs file the FR Y-7Q annually.

US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 3106(c) Name of Law: International Banking Act of 1978
   US Code: 12 USC 3108 Name of Law: International Banking Act of 1978
   US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  
None

Not associated with rulemaking

  85 FR 77345 12/02/2020
86 FR 28346 05/26/2021
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 730 730 0 0 0 0
Annual Time Burden (Hours) 2,444 2,444 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$158,800
No
    Yes
    No
No
No
No
Yes
Robert Dahl 202 622-3119 [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.
09/24/2021


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