Financial Statements of U.S. Nonbank Subsidiaries Held by FBOs, Abbreviated Financial Statements of U.S. Nonbank Subsidiares Held by FBOs, Capital and Asset Report for Foreign Banking Organizations
ICR 200811-7100-008
OMB: 7100-0125
Federal Form Document
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 7100-0125 can be found here:
Financial Statements of U.S.
Nonbank Subsidiaries Held by FBOs, Abbreviated Financial Statements
of U.S. Nonbank Subsidiares Held by FBOs, Capital and Asset Report
for Foreign Banking Organizations
The FR Y-7N and FR Y-7NS collect
financial information for non-functionally regulated U.S. nonbank
subsidiaries held by foreign banking organizations (FBOs) other
than through a U.S. bank holding company (BHC), U.S. financial
holding company (FHC) or U.S. bank. The FR Y-7Q collects
consolidated regulatory capital information from all FBOs either
quarterly or annually. The Federal Reserve System uses the
information to assess an FBO's ability to be a continuing source of
strength to its U.S. operations and to determine compliance with
U.S. laws and regulations.
The Federal Reserve proposes to
revise Schedule BS-M-Memoranda to also capture 1) the fair value of
loans held for trading, 2) the fair value of loans held for trading
that are past due 90 days or more or in nonaccrual status, and 3)
the unpaid principal balance of these loans that are past due or in
nonaccrual status.
$48,957
No
No
Uncollected
Uncollected
No
Uncollected
Scott Farmer 202-452-2253
Scott.W.Farmer@frb.gov
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:
(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;
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.