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:
7100-0350
ICR Reference No:
202003-7100-007
Status:
Historical Active
Previous ICR Reference No:
201712-7100-014
Agency/Subagency:
FRS
Agency Tracking No:
FR YY
Title:
Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation YY
Type of Information Collection:
No material or nonsubstantive change to a currently approved collection
Common Form ICR:
No
Type of Review Request:
Delegated
OIRA Conclusion Action:
Approved without change
Conclusion Date:
04/19/2020
Retrieve Notice of Action (NOA)
Date Received in OIRA:
04/19/2020
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
11/30/2020
11/30/2020
11/30/2020
Responses
902
0
1,225
Time Burden (Hours)
41,619
0
119,264
Cost Burden (Dollars)
0
0
0
Abstract:
Section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) requires the Board to implement Regulation YY - Enhanced Prudential Standards (12 CFR 252) for bank holding companies (BHCs) and foreign banking organizations (FBOs) with total consolidated assets of $50 billion or more. The enhanced prudential standards include risk-based and leverage capital requirements, liquidity standards, requirements for overall risk management (including establishing a risk committee), stress test requirements, and debt-to-equity limits for companies that the Financial Stability Oversight Council (FSOC) has determined pose a grave threat to financial stability.
Authorizing Statute(s):
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 5361
Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
7100-AE52
Final or interim final rulemaking
82 FR 42882
09/12/2017
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
81 FR 29169
05/11/2016
30-day Notice:
Federal Register Citation:
Citation Date:
82 FR 42882
09/12/2017
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
42
IC Title
Form No.
Form Name
Disclosure Section 252.153(e)(5)
Disclosure Section 252.153(e)(5) (Initial Setup)
Disclosure Section 252.167
Disclosure Section 252.167 (Initial Setup)
Disclosure Section 252.58
Disclosure Section 252.58 (Initial Setup)
Disclosure Section 252.65
Disclosure Section 252.65 (Initial Setup)
Recordkeeping Section 252.15(c)
Recordkeeping Section 252.15(c) (Initial Setup)
Recordkeeping Section 252.153(e)(5)
Recordkeeping Section 252.153(e)(5) (Initial Setup)
Recordkeeping Section 252.56(c)(1)
Recordkeeping Section 252.56(c)(1) (Initial Setup)
Recordkeeping Sections 252.156(e), 252.156(g), and 252.157(a)(7)
Recordkeeping Sections 252.156(e), 252.156(g), and 252.157(a)(7) (Initial Setup)
Recordkeeping Sections 252.34(e)(3), 252.34(f), 252.34(h), and 252.35(a)(7)
Recordkeeping Sections 252.34(e)(3), 252.34(f), 252.34(h), and 252.35(a)(7) (Initial Setup)
Reporting Section 252.122(b)(1)(iii)
Reporting Section 252.132(d)
Reporting Section 252.143(c)
Reporting Section 252.144(d)
Reporting Section 252.145(a)
Reporting Section 252.146(c)(1)(iii)
Reporting Section 252.153(a)(3)
Reporting Section 252.153(b)(5)
Reporting Section 252.153(c)(3)
Reporting Section 252.153(d) (Initial Setup)
Reporting Section 252.154(c)
Reporting Section 252.157(b)
Reporting Section 252.158(c)(1)
Reporting Section 252.158(c)(2)
Reporting Section 252.158(d)(1)(ii)
Reporting Section 252.16
Reporting Section 252.16 (Initial Setup)
Reporting Section 252.164
Reporting Section 252.85(b)
Reporting Section 252.87(b)
Reporting Sections 252.132(a) and (b)
Reporting Sections 252.143(a) and (b)
Reporting Sections 252.144(a) and (b)
Reporting Sections 252.154(a) and (b)
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
902
1,225
0
0
-323
0
Annual Time Burden (Hours)
41,619
119,264
0
0
-77,645
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:
No
Burden Reduction Due to:
Short Statement:
The decrease in total annual burden hours reflects an update to the respondent counts.
Annual Cost to Federal Government:
$0
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.
No
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
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:
04/19/2020
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