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View ICR - OIRA Conclusion

OMB Control No: 7100-0125	ICR Reference No: 202503-7100-011
Status: Active	Previous ICR Reference No: 202503-7100-009
Agency/Subagency: FRS	Agency Tracking No: FR Y-7Q
Title: 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: 03/21/2025
	Date Received in OIRA: 03/21/2025
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2028	36 Months From Approved	12/31/2026
Responses	507	0	650
Time Burden (Hours)	1,634	0	2,635
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	507	650	-143
Annual Time Burden (Hours)	1,634	2,635	-1,001
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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimated total annual burden for FR Y-7N, FR Y-7NS, and FR Y-7Q is 2,635 hours, and would decrease to 1,634 hours with the revisions. The revisions to the FR Y-7N and FR Y-7NS forms are now included in the burden table for the FR 2314 and FR Y-11 reports (OMB No. 7100-0073), and have been removed from the burden table. That removal resulted in the net decrease in total burden hours.

Annual Cost to Federal Government: $129,000

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]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

Agency Contact: Ron Qiu 202 430-9259 ron.qiu@frb.gov

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