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OMB Control No: 7100-0342	ICR Reference No: 201412-7100-008
Status: Historical Active	Previous ICR Reference No: 201406-7100-001
Agency/Subagency: FRS	Agency Tracking No: Reg Y-13
Title: Recordkeeping and Reporting Requirements Associated with Regulation Y (Capital Plans)
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: 12/12/2014
	Date Received in OIRA: 12/12/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2017	36 Months From Approved	12/31/2014
Responses	250	0	274
Time Burden (Hours)	685,156	0	687,464
Cost Burden (Dollars)	0	0	0

Abstract: Regulation Y (12 CFR part 225) requires large bank holding companies (BHCs) to submit capital plans to the Federal Reserve on an annual basis and to require such BHCs to request prior approval from the Federal Reserve under certain circumstances before making a capital distribution.

Authorizing Statute(s): US Code: 12 USC 5365 and 5366 Name of Law: Dodd-Frank Act
   US Code: 12 USC 1844(b) and (c) Name of Law: Bank Holding Company Act
   US Code: 12 USC 3907 and 3909 Name of Law: International Lending Supervision Act
   US Code: 5 USC 552(b)(4) Name of Law: Freedom of Information Act

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
7100-AE20	Final or interim final rulemaking	79 FR 64026	10/27/2014

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 37420	07/01/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 64026	10/27/2014
Did the Agency receive public comments on this ICR? No

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	250	274	-24
Annual Time Burden (Hours)	685,156	687,464	-2,308
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 final rule contains requirements subject to the PRA. The collection of information revised by this final rule is found in section 225.8 of Regulation Y (12 CFR part 225). Section 225.8(e)(3)(vi) requires a bank holding company to be capable of providing to the Board its loss, revenue, and expense estimation models used by the bank holding company for stress scenario analysis, including supporting documentation regarding each model's development and validation status. This information is needed by supervisors in order to properly assess a bank holding company's capital adequacy and capital planning processes. In this regard, the information helps facilitate cross-firm comparisons of bank holding companies' loss, revenue, and expense estimation models and their approaches to model validation. The Federal Reserve estimates that, on average, respondents would take an additional 5 hours to comply with the requirements in section 225.8(e)(3)(vi). Section 225.8(g)(1) removes prior approval and prior notice requirements for distributions involving incremental issuances of instruments that would qualify for inclusion in the numerator of regulatory capital ratios (i.e., common equity tier 1, additional tier 1, and tier 2 capital). As mentioned in the final rule, the Federal Reserve believes that removing the requirement would reduce unnecessary efforts by a bank holding company to submit requests for distributions outside of the capital plan that are associated with issuances of regulatory capital. The Federal Reserve estimates that respondent burden associated with section 225.8(g)(1) would be reduced by approximately 50 percent. Section 225.8(g)(3)(iii)(A)-Net distribution limitation exceptions-To the extent that the Board or the appropriate Reserve Bank indicates in writing its non-objection pursuant to section 225.8(g)(5), following a request for non-objection from the bank holding company that includes all of the information required to be submitted under section 225.8(g)(4). The Board estimates that, on average, respondents would take 16 hours to comply with the requirement in section 225.8(g)(3)(iii)(A).

Annual Cost to Federal Government: $106,400

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

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: John Schmidt 202-728-5859 john.schmidt@frb.gov

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