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
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.