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View ICR - OIRA Conclusion

OMB Control No: 7100-0297	ICR Reference No: 201801-7100-008
Status: Historical Active	Previous ICR Reference No: 201801-7100-002
Agency/Subagency: FRS	Agency Tracking No: FR Y-6; FR Y-7; FR Y-10; FR Y-10E
Title: Structure Reporting Requirements for Domestic and 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: 01/26/2018
	Date Received in OIRA: 01/26/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2019	11/30/2019	11/30/2019
Responses	26,275	0	26,275
Time Burden (Hours)	70,521	0	70,035
Cost Burden (Dollars)	0	0	0

Authorizing Statute(s): US Code: 12 USC 615 Name of Law: Federal Reserve Act
   US Code: 12 USC 602 Name of Law: Federal Reserve Act
   US Code: 12 USC 611a Name of Law: Federal Reserve Act
   US Code: 12 USC 625 Name of Law: Federal Reserve Act
   US Code: 12 USC 5412 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 5361 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 1850a(c)(1) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 5468(b)(1) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 1467a(c)(2)(H) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 1843(k) Name of Law: Bank Holding Company Act
   US Code: 12 USC 1844(c)(1)(A) Name of Law: Bank Holding Company Act
   US Code: 12 USC 3106(a) Name of Law: International Banking Act
   US Code: 12 USC 3108(a) Name of Law: International Banking Act
   US Code: 12 USC 248(a)(1) Name of Law: Federal Reserve Act
   US Code: 12 USC 321 Name of Law: Federal Reserve Act
   US Code: 12 USC 601 Name of Law: Federal Reserve Act

Citations for New Statutory Requirements: None

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	26,275	26,275	0
Annual Time Burden (Hours)	70,521	70,035	486
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: No

Burden Reduction Due to:

Short Statement: The current annual reporting burden is estimated to be 70,035 hours. The FR Y-7 proposed revisions would result in an increase in burden of 486 hours due to the increase in estimated average hours per response from 4 to 6. While the overall FR Y-7 reporting burden is estimated to increase by 2 hours on average for all FR Y-7 respondents, the proposed reporting requirements only apply to a subset of the respondents (approximately 143).

Annual Cost to Federal Government: $2,362,850

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: Mark Tokarski 202-452-5241 Mark.E.Tokarski@frb.gov

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