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View ICR - OIRA Conclusion

OMB Control No: 7100-0128	ICR Reference No: 201912-7100-020
Status: Historical Active	Previous ICR Reference No: 201912-7100-015
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: 01/03/2020
Retrieve Notice of Action (NOA)	Date Received in OIRA: 01/03/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2022	12/31/2022	12/31/2022
Responses	24,270	0	12,135
Time Burden (Hours)	123,841	0	119,812
Cost Burden (Dollars)	0	0	0

Authorizing Statute(s): US Code: 12 USC 1844 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 1467a(b)(3) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 511(a)(1) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection 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

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	24,270	12,135	12,135
Annual Time Burden (Hours)	123,841	119,812	4,029
Annual Cost Burden (Dollars)	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimated total annual burden for the FR Y-9 family of reports is 119,812 hours and would increase to 123,841 hours with the adopted revisions. The estimated average hours per response for non-advanced approaches FR Y-9C filers with less than $5 billion in total assets would decrease from 46.34 hours to 40.48 hours, a decrease of 5.86 hours. The estimated average hours per response for non-advanced approaches FR Y-9C filers with $5 billion or more in total assets and advanced approaches FR Y-9C filers would not change with this proposal. The estimated average hours per response for the FR Y-9LP, FR Y-9SP, FR Y-9ES, and FR Y-9CS filers would also remain unchanged. The result of these burden reduction measures reduces the total burden by 3,633 hours. The result of the addition of the previously uncleared recordkeeping requirement is an increase of 7,662 hours, producing the net total increase of 4,029 hours.

Annual Cost to Federal Government: $2,050,800

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