Holding Company Report of Insured Depository Institutions' Section 23A Transactions with Affiliates

Forms and Documents

Document	Type	Status	Availability
Form FR Y-8 Holding Company Report of Insured Depository Institutions’ Section 23A Transactions with Affiliates	Form	Modified	Available
Form FR Y-8 Holding Company Report of Insured Depository Institutions’ Section 23A Transactions with Affiliates	Form	Modified	Repair queued
FRY8_20250326_omb.pdf	Supporting Statement A	Uploaded 2025-03-26	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
36144	Reporting	Form	Modified	Holding Company Report of Insured Depository Institutions’ Section 23A Transactions with Affiliates
36144	Reporting	Instruction	Modified
252400	Recordkeeping	Form	Modified	Holding Company Report of Insured Depository Institutions’ Section 23A Transactions with Affiliates
252400	Recordkeeping	Instruction	Modified

ICR Details

OMB Control No: 7100-0126	ICR Reference No: 202503-7100-013
Status: Active	Previous ICR Reference No: 202503-7100-012
Agency/Subagency: FRS	Agency Tracking No: FR Y-8
Title: Holding Company Report of Insured Depository Institutions' Section 23A Transactions with Affiliates
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/26/2025
Retrieve Notice of Action (NOA)	Date Received in OIRA: 03/26/2025
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2028	36 Months From Approved	03/31/2025
Responses	4,720	0	4,720
Time Burden (Hours)	12,178	0	12,178
Cost Burden (Dollars)	0	0	0

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Abstract: This reporting form collects information on covered transactions between an insured depository institution and its affiliates that are subject to the quantitative limits and other requirements of section 23A of the Federal Reserve Act (12 U.S.C. § 371c) and the Board’s Regulation W - Transactions Between Member Banks and Their Affiliates (12 CFR Part 223). The FR Y-8 is filed quarterly by all U.S. top-tier bank holding companies (BHCs), intermediate holding companies (IHCs), and savings and loan holding companies (SLHCs) that control an insured depository institution that has had any section 23A transactions with affiliates in a given quarter. It is also filed quarterly by foreign banking organizations (FBOs, and together with top-tier U.S. BHCs, SLHCs, and IHCs (holding companies)) that directly own or control such a U.S. subsidiary insured depository institution. If an FBO indirectly controls such a U.S. insured depository institution through a domestic U.S. holding company, the domestic U.S. holding company must file the FR Y-8. A respondent must file a separate FR Y-8 report for each U.S. insured depository institution it controls that has had section 23A transactions with affiliates. If an insured depository institution does not conduct any section 23A covered transactions with an affiliate in a particular quarter, its parent holding company is not required to submit an FR Y-8 report for that quarter with respect to that subsidiary.

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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 1467a(b)(2) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 3106(a) Name of Law: International Banking Act of 1978
  

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 80241	10/02/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 9158	02/07/2025
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
Recordkeeping	FR Y-8	Holding Company Report of Insured Depository Institutions’ Section 23A Transactions with Affiliates
Reporting	FR Y-8	Holding Company Report of Insured Depository Institutions’ Section 23A Transactions with Affiliates

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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	4,720	4,720	0	0	0	0
Annual Time Burden (Hours)	12,178	12,178	0	0	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: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $182,900

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: 03/26/2025

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