View Information Collection Request (ICR) Package
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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:
7100-0125
ICR Reference No:
200610-7100-004
Status:
Historical Active
Previous ICR Reference No:
200608-7100-001
Agency/Subagency:
FRS
Agency Tracking No:
FR Y-7N, FR Y-7NS, FR Y-7Q
Title:
Financial Statements of U.S. Nonbank Subsidiaries Held by FBOs, Abbreviated Financial Statements of U.S. Nonbank Subsidiares Held by FBOs, Capital and Asset Report for Foreign Banking Organizations
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:
12/29/2006
Retrieve Notice of Action (NOA)
Date Received in OIRA:
12/29/2006
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
03/31/2008
03/31/2008
06/30/2008
Responses
1,167
0
1,424
Time Burden (Hours)
4,484
0
5,384
Cost Burden (Dollars)
0
0
0
Abstract:
These reports collect financial information from all foreign banking organizations (FBOs) that engage in banking in the United States. The Federal Reserve used information from this report to assess an FBOs ability to be a continuing source of strength to its U.S. banking operations and to determine compliance with U.S. laws and regulations.
Authorizing Statute(s):
US Code:
12 USC 3106, 3108(a)
Name of Law: International Banking Act
US Code:
12 USC 601- 604a, 611-631
Name of Law: Federal Reserve Act
US Code:
12 USC 1844(c)
Name of Law: Bank Holding Company 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:
71 FR 54075
09/13/2006
30-day Notice:
Federal Register Citation:
Citation Date:
71 FR 78207
12/28/2006
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
5
IC Title
Form No.
Form Name
Abbreviated Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations
FR Y-7NS
Abbreviated Financial Statements of U.S. Nonbank Subsidiaries held by Foreign Banking Organizations
Annual Capital and Asset Report for Foreign Banking Organizations
FR Y-7Q
The Capital and Asset Report for Foreign Banking Organizations
Annual Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations
FR Y-7N
Financial Statements of U.S. Nonbank Subsidiaries held by Foreign Banking Organizations
Annual Report of Foreign Banking Organizations, Financial State- ments of U.S. Nonbank Subsidiaries Held by FBOs, Abbreviated Financial Statements of U.S. Nonbank Subsidiares Held by FBOs,...
FR-Y-7
Fast form
Quarterly Capital and Asset Report for Foreign Banking Organizations
FR Y-7Q
The Capital and Asset Report for Foreign Banking Organizations
Quarterly Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations
FR Y-7N
Financial Statements of U.S. Nonbank Subsidiaries held by Foreign Banking Organizations
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
1,167
1,424
0
-1,424
1,167
0
Annual Time Burden (Hours)
4,484
5,384
0
-5,384
4,484
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:
Yes
Burden Reduction Due to:
Changing Forms
Short Statement:
Moved the FR Y-7 information collection previously included in this OMB control number to 7100-0297, with no change in burden.
Annual Cost to Federal Government:
$829,776
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]?
Uncollected
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
Uncollected
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
Uncollected
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Cindy Ayouch 202-452-2204 cynthia.m.ayouch@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:
12/29/2006
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