Capital and Asset Report for Foreign Banking Organizations

Forms and Documents

Document	Type	Status	Availability
Form FR Y-7Q Capital and Asset Report for Foreign Banking Organizations	Form	Modified	Repair queued
Form FR Y-7Q Capital and Asset Report for Foreign Banking Organizations	Form	Modified	Repair queued
Form FR Y-7NS Abbreviated Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations	Form	Removed	Repair queued
Form FR Y-7N Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations	Form	Removed	Repair queued
Form FR Y-7N Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations	Form	Removed	Repair queued
FRY7Q_20250321_omb.pdf	Supporting Statement A	Uploaded 2025-03-21	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
46514	FR Y-7Q (annual)	Form	Modified	Capital and Asset Report for Foreign Banking Organizations
46514	FR Y-7Q (annual)	Instruction	Modified
46513	FR Y-7Q (quarterly)	Form	Modified	Capital and Asset Report for Foreign Banking Organizations
46513	FR Y-7Q (quarterly)	Instruction	Modified
46512	FR Y-7NS	Form	Removed	Abbreviated Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations
46512	FR Y-7NS	Instruction	Removed
46511	FR Y-7N (annual)	Form	Removed	Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations
46511	FR Y-7N (annual)	Instruction	Removed
46510	FR Y-7N (quarterly)	Form	Removed	Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations
46510	FR Y-7N (quarterly)	Instruction	Removed

ICR Details

OMB Control No: 7100-0125	ICR Reference No: 202503-7100-011
Status: Active	Previous ICR Reference No: 202503-7100-009
Agency/Subagency: FRS	Agency Tracking No: FR Y-7Q
Title: Capital and Asset Report for Foreign Banking Organizations
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/21/2025
Retrieve Notice of Action (NOA)	Date Received in OIRA: 03/21/2025
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2028	36 Months From Approved	12/31/2026
Responses	507	0	650
Time Burden (Hours)	1,634	0	2,635
Cost Burden (Dollars)	0	0	0

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Abstract: The FR Y-7Q collects consolidated regulatory capital information from all foreign banking organizations either quarterly or annually.

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Authorizing Statute(s): US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 3105(c) Name of Law: International Banking Act of 1978
   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
  

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:
	89 FR 48641	06/07/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 9027	02/05/2025
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
FR Y-7N (annual)	FR Y-7N	Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations
FR Y-7N (quarterly)	FR Y-7N	Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations
FR Y-7NS	FR Y-7NS	Abbreviated Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations
FR Y-7Q (annual)	FR Y-7Q	Capital and Asset Report for Foreign Banking Organizations
FR Y-7Q (quarterly)	FR Y-7Q	Capital and Asset Report for Foreign Banking Organizations

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ICR Summary 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	507	650	0	-143	0	0
Annual Time Burden (Hours)	1,634	2,635	0	-1,001	0	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimated total annual burden for FR Y-7N, FR Y-7NS, and FR Y-7Q is 2,635 hours, and would decrease to 1,634 hours with the revisions. The revisions to the FR Y-7N and FR Y-7NS forms are now included in the burden table for the FR 2314 and FR Y-11 reports (OMB No. 7100-0073), and have been removed from the burden table. That removal resulted in the net decrease in total burden hours.

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Annual Cost to Federal Government: $129,000

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: 03/21/2025

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