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View ICR - OIRA Conclusion

OMB Control No: 7100-0128	ICR Reference No: 202004-7100-005
Status: Historical Active	Previous ICR Reference No: 201912-7100-020
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: 04/05/2020
Retrieve Notice of Action (NOA)	Date Received in OIRA: 04/05/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2023	36 Months From Approved	12/31/2022
Responses	24,270	0	24,270
Time Burden (Hours)	119,508	0	123,841
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	24,270	0
Annual Time Burden (Hours)	119,508	123,841	-4,333
Annual Cost Burden (Dollars)	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: The estimated total annual burden for the FR Y-9 is 124,000 hours, and would decrease to 119,667 hours with the adopted revisions, resulting in a decrease of 4,333 hours. FR Y-9C non-advanced approaches HCs (non-AA HCs) estimated average hours per response of 40.61 is calculated by a weighted average approach. The average estimated hours per response for advanced approaches FR Y-9C filers and for the FR Y-9LP, FR Y-SP, FR Y-9ES, and FR Y-9CS filers would remain unchanged.

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