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View ICR - OIRA Conclusion

OMB Control No: 7100-0125	ICR Reference No: 201403-7100-005
Status: Historical Active	Previous ICR Reference No: 201311-7100-010
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: 03/28/2014
	Date Received in OIRA: 03/28/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2014	04/30/2014	03/31/2014
Responses	1,648	0	1,648
Time Burden (Hours)	7,225	0	7,105
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	1,648	1,648	0
Annual Time Burden (Hours)	7,225	7,105	120
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: No

Burden Reduction Due to:

Short Statement: Consistent with final Regulation TT, the Federal Reserve is revising Part 1 of the FR Y-7Q by adding a data item to collect each top-tier FBO's total combined assets of U.S. operations, net of intercompany balances and transactions between U.S. domiciled affiliates, branches, and agencies. The Federal Reserve is also collecting information about certain FBOs more frequently.

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