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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:
201903-7100-010
Status:
Historical Active
Previous ICR Reference No:
201809-7100-001
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:
Delegated
OIRA Conclusion Action:
Approved without change
Conclusion Date:
03/28/2019
Retrieve Notice of Action (NOA)
Date Received in OIRA:
03/28/2019
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
03/31/2022
36 Months From Approved
03/31/2019
Responses
12,094
0
14,424
Time Burden (Hours)
110,959
0
179,845
Cost Burden (Dollars)
0
0
0
Abstract:
The Board requires bank holding companies, savings and loan holding companies, securities holding companies, and U.S. intermediate holding companies (collectively holding companies (HCs)) to provide standardized financial statements to fulfill the Board’s statutory obligation to supervise these organizations. HCs file the FR Y-9C and FR Y-9LP quarterly, the FR Y-9SP semiannually, the FR Y-9ES annually, and the FR Y-9CS on a schedule that is determined when this supplement is used.
Authorizing Statute(s):
US Code:
12 USC 1844(c)(1)(A)
Name of Law: Bank Holding Company Act of 1956
US Code:
12 USC 1467(a)(b)(2)
Name of Law: Home Owners’ Loan Act
US Code:
12 USC 5365
Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
US Code:
12 USC 1850a(c)(1)(A)
Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
83 FR 63870
12/12/2018
30-day Notice:
Federal Register Citation:
Citation Date:
84 FR 11783
03/28/2019
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 Holding Companies
FR Y-9SP
Parent Company Only Financial Statements for Small Holding Companies
Supplement to the Consolidated Financial Statements for Holding Companies
FR Y-9CS
Supplement to the Consolidated Financial Statements for 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
12,094
14,424
0
0
-2,330
0
Annual Time Burden (Hours)
110,959
179,845
0
61
-68,947
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Miscellaneous Actions
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
The estimated total annual burden for the FR Y-9 family of reports is 110,898 hours and will increase to 110,959 hours. The average estimated hours per response for non-advanced approaches FR Y-9C filers will increase from 46.29 hours to 46.34 hours, an increase of 0.05 hours. The average estimated hours per response for advanced approaches FR Y-9C filers will increase from 47.54 hours to 47.59 an increase of 0.05 hours. The average estimated hours per response for the FR Y-9LP, FR Y-9SP, FR Y-9ES, and FR Y-9CS filers will remain unchanged. The change due to adjustment in agency estimate is related to the increase of the minimum total consolidated asset threshold for filing the FR Y-9C and FR Y-9LP to $3 billion and the FR Y-9SP updated to apply to holding companies with less than $3 billion in total consolidated assets from August 30, 2018.
Annual Cost to Federal Government:
$2,335,200
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]?
Yes
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:
03/28/2019
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