Application for a Foreign Organization to Acquire a U.S. Bank or Bank Holding Company

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form FR Y-3F Application for a Foreign Organization to Acquire a U.S. Bank or Bank Holding Company	Form	Modified	Available
Form FR Y-3F Application for a Foreign Organization to Acquire a U.S. Bank or Bank Holding Company	Form	Modified	Available
FRY3F_20240728_83c.pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2024-07-28	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
36125	Reporting Application form	Form	Modified	Application for a Foreign Organization to Acquire a U.S. Bank or Bank Holding Company
36125	Reporting Application form	Instruction	Modified
248529	Disclosure		Modified
185209	Reporting Reporting requirements	Form	Modified	Application for a Foreign Organization to Acquire a U.S. Bank or Bank Holding Company
185209	Reporting Reporting requirements	Instruction	Modified

ICR Details

OMB Control No: 7100-0119	ICR Reference No: 202407-7100-016
Status: Historical Active	Previous ICR Reference No: 202106-7100-003
Agency/Subagency: FRS	Agency Tracking No: FR Y-3F
Title: Application for a Foreign Organization to Acquire a U.S. Bank or Bank Holding Company
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: 07/28/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 07/28/2024
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2024	07/31/2024	07/31/2024
Responses	3	0	12
Time Burden (Hours)	92	0	446
Cost Burden (Dollars)	0	0	0

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Abstract: Under the Bank Holding Company Act of 1956 (BHC Act), any company, including a company organized under the laws of a foreign country, that seeks to acquire a U.S. bank or bank holding company must receive prior approval from the Board to do so. The Federal Reserve uses the information collected by the FR Y-3F to determine whether to approve the application and, subsequently, to carry out its supervisory responsibilities with respect to the foreign banking organization’s operations in the United States.

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Authorizing Statute(s): US Code: 12 USC 1842(c) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 1844(b) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 1842(a) Name of Law: Bank Holding Company Act of 1956
  

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:
	86 FR 13381	03/08/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 30605	06/09/2021
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

table that charts list of burden

IC Title	Form No.	Form Name
Disclosure
Reporting Application form	FR Y-3F	Application for a Foreign Organization to Acquire a U.S. Bank or Bank Holding Company
Reporting Reporting requirements	FR Y-3F	Application for a Foreign Organization to Acquire a U.S. Bank or Bank Holding Company

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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	3	12	0	0	-9	0
Annual Time Burden (Hours)	92	446	0	0	-354	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 counts and standardizing the estimated average hours per response burden.

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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.     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: 07/28/2024

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