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View ICR - OIRA Conclusion

OMB Control No: 7100-0350	ICR Reference No: 202004-7100-008
Status: Historical Active	Previous ICR Reference No: 202003-7100-007
Agency/Subagency: FRS	Agency Tracking No: FR YY
Title: Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation YY
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: 04/21/2020
	Date Received in OIRA: 04/21/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2023	36 Months From Approved	11/30/2020
Responses	588	0	902
Time Burden (Hours)	27,751	0	41,619
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute
Annual Number of Responses	588	902	-314
Annual Time Burden (Hours)	27,751	41,619	-13,868
Annual Cost Burden (Dollars)	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 estimated total annual burden for the FR YY is 41,619 hours, and would decrease to 27,751 hours with the adopted revisions. The estimated average hours per response for the reporting requirements in section 252.16 would decrease by 50 hours for initial setup and 20 hours for ongoing compliance. The initial reporting requirements for section 252.153(d) and the reporting requirements for section 252.122(b)(1)(iii) would be eliminated. The reporting requirements for section 252.146(c)(1)(iii) would be split out for Annual stress testing and Biennial stress testing. The recordkeeping requirements for sections 252.34(e)(3), 252.34(f), 252.34(h), and 252.35(a)(7) would be split out for Category I-III firms and Category IV firms. The recordkeeping requirements for sections 252.156(e), 252.156(g), and 252.157(a)(7) would be split out for Category II-III FBOs and Category IV FBOs.

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

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