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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
7100-0128
ICR Reference No:
201501-7100-012
Status:
Historical Active
Previous ICR Reference No:
201404-7100-001
Agency/Subagency:
FRS
Agency Tracking No:
FR Y-9
Title:
Financial Statements for Holding Companies
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Emergency
Approval Requested By:
01/28/2015
OIRA Conclusion Action:
Approved without change
Conclusion Date:
01/29/2015
Retrieve Notice of Action (NOA)
Date Received in OIRA:
01/27/2015
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
07/31/2015
6 Months From Approved
03/31/2017
Responses
15,706
0
19,627
Time Burden (Hours)
193,321
0
450,376
Cost Burden (Dollars)
0
0
0
Abstract:
The FR Y-9 family of reporting forms continues to be the primary source of financial data on HCs that examiners rely on in the intervals between on-site inspections and off-site assessments through the Small Bank Holding Company Supervision Program. Financial data from these reporting forms are used to detect emerging financial problems, to review performance and conduct pre-inspection analysis, to monitor and evaluate capital adequacy, to evaluate HC mergers and acquisitions, and to analyze an HC's overall financial condition to ensure the safety and soundness of its operations.
Emergency Justfication:
On December 18, 2014, the President signed into law Public Law 113-250 (the Act), which directs the Board to propose revisions to the Small Bank Holding Company Policy Statement (Policy Statement) to raise the total consolidated asset limit in the Policy Statement from $500 million to $1 billion, and expand the scope of the Policy Statement to include savings and loan holding companies (SLHCs). In order to implement Congressional intent, the Board must revise the Small Bank Holding Company Policy Statement (Policy Statement) and its capital regulations. The Federal Reserve is separately proposing changes to the Board’s regulations to implement these revisions. Accordingly, the Federal Reserve proposes to increase the asset-size thresholds for reporting the FR Y-9C, the FR Y-9LP, and the FR Y-9SP consistent with the changes that are being separately proposed to the Small Bank Holding Company Policy Statement (Policy Statement). The Federal Reserve proposes to raise the asset-size threshold from $500 million to $1 billion for the FR Y-9C, the FR Y-LP, and the FR Y-9SP. The Federal Reserve also proposes to eliminate Part I of Schedule SC-R, Regulatory Capital (FR Y-9SP) consistent with changes that are being separately proposed to the Board’s regulatory capital requirements (Regulation Q).
Authorizing Statute(s):
US Code:
5 USC 552(b)(4),(b)(6),(b)(8)
Name of Law: Freedom of Information Act
US Code:
12 USC 1467a(b)(2)(A)
Name of Law: Home Owners' Loan Act
US Code:
12 USC 1850a(c)(1)(A)
Name of Law: Home Owners' Loan Act
US Code:
12 USC 1844(c)(1)(A)
Name of Law: Bank Holding Company Act
Citations for New Statutory Requirements:
PL: Pub.L. 113 - 250 1 Name of Law: To enhance the ability of community financial institutions to foster economic growth and serve their
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
6
IC Title
Form No.
Form Name
Consolidated Financial Statements for Holding Companies (AA HCs)
FR Y-9C
Consolidated Financial Statements for Holding Companies
Consolidated Financial Statements for Holding Companies (non AA HCs)
FR Y-9C
Consolidated Financial Statements for Holding Companies
Financial Statements for Employee Stock Ownership Plan Holding Companies
FR Y-9ES
Financial Statements for Employee Stock Ownership Plan Holding Companies
Parent Company Only Financial Statements for Large Holding Companies
FR Y-9LP
Parent Company Only Financial Statements for Large Holding Companies
Parent Company Only Financial Statements for Small Bank Holding Companies: SLHCs
FR Y-9SP
Parent Company Only Financial Statements for Small Holding Companies
Parent Company Only Financial Statements for Small Holding Companies
FR Y-9SP
Parent Company Only Financial Statements for Small Holding Companies
Parent Company Only Financial Statements for Small Holding Companies: One-time implementation
FR Y-9SP
Parent Company Only Financial Statements for Small Holding Companies
Supplement to the Consolidated Financial Statements for Bank Holding Companies
FR Y-9CS
Supplement to the Consolidated Financial Statements for Bank Holding Companies
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
15,706
19,627
-3,301
0
-620
0
Annual Time Burden (Hours)
193,321
450,376
-253,554
0
-3,501
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:
Annual Cost to Federal Government:
$1,982,100
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
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?
Uncollected
Agency Contact:
Scott Farmer 202-452-2253 Scott.W.Farmer@frb.gov
Common Form ICR:
No
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:
01/27/2015
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