Reporting and Recordkeeping Requirements Associated with Regulation Y (Capital Plans)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
FRY13_20231225_83c.pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2023-12-25	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
227962	Recordkeeping Section 225.8(e)(1)		Modified
198091	Reporting Section 225.8(j)(4)		Modified
198090	Reporting Sections 225.8(j)(1) and (2)		Modified
198089	Reporting Sections 225.8(i)		Modified
198088	Reporting Section 225.8(h)(2)(ii)(B)		Modified
198087	Reporting Section 225.8(e)(4)		Modified
198086	Reporting Section 225.8(e)(3)		Modified
198085	Reporting Sections 225.8(e)(1) and (2) Ongoing		Modified
198084	Reporting Sections 225.8(e)(1) and (2) First-Time		Modified

ICR Details

OMB Control No: 7100-0342	ICR Reference No: 202303-7100-001
Status: Historical Active	Previous ICR Reference No: 202006-7100-010
Agency/Subagency: FRS	Agency Tracking No: FR Y-13
Title: Reporting and Recordkeeping Requirements Associated with Regulation Y (Capital Plans)
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: 12/25/2023
Retrieve Notice of Action (NOA)	Date Received in OIRA: 12/25/2023
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2023	12/31/2023	12/31/2023
Responses	123	0	146
Time Burden (Hours)	177,562	0	335,893
Cost Burden (Dollars)	0	0	0

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Abstract: Regulation Y - Bank Holding Companies and Change in Bank Control (12 CFR Part 225) requires each large bank holding company, bank holding company designated by the Board, large U.S. intermediate holding company, and nonbank financial company designated by the Board (jointly referred to as large BHCs) to submit a capital plan to the Board on an annual basis, requires such BHCs to request prior approval from the Board under certain circumstances before making a capital distribution, and includes certain other reporting and recordkeeping requirements. There is no formal reporting form for this collection of information.

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Authorizing Statute(s): US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 5366 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 1844(b) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 3907 Name of Law: International Lending Supervision Act of 1983
   US Code: 12 USC 3909 Name of Law: International Lending Supervision Act of 1983
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
7100-AF02	Final or interim final rulemaking	85 FR 15576	03/18/2020

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 18160	04/25/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 15576	03/18/2020
Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

IC Title	Form No.	Form Name
Recordkeeping Section 225.8(e)(1)
Reporting Section 225.8(e)(3)
Reporting Section 225.8(e)(4)
Reporting Section 225.8(h)(2)(ii)(B)
Reporting Section 225.8(j)(4)
Reporting Sections 225.8(e)(1) and (2) First-Time
Reporting Sections 225.8(e)(1) and (2) Ongoing
Reporting Sections 225.8(i)
Reporting Sections 225.8(j)(1) and (2)

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ICR Summary of Burden

table that charts list 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	123	146	0	0	-23	0
Annual Time Burden (Hours)	177,562	335,893	0	0	-158,331	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 decrease in total annual burden hours reflects an update to the respondent count, an adjustment in hours per response, and accounting for burden in the correct sections of the regulation.

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Annual Cost to Federal Government: $106,400

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.     Yes

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: 12/25/2023

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