Recordkeeping and Reporting Requirements Associated with Regulation Y (Capital Plans)

Forms and Documents

Document Name	Status
Reg Y-13_CapitalPlans_20111229_omb.pdf Supporting Statement A	2011-12-29
FRY-14.RegY-13.FAQ.20111122.pdf Supplementary Document	2011-11-23
Reg_Y-13_R1425_BHCinstructions.20111122.pdf Supplementary Document	2011-11-23
Reg_Y-13_R1425_CapitalPlan_20111122_nfrm_pr.pdf Supplementary Document	2011-11-23
RegY_R1425_CapitalPlan_20110610_nprm_pr.pdf Supplementary Document	2011-06-14

IC Document Collections

IC ID	Document Title	Status
200235	225.8(d)(3)(i)-(iv), Data collections - Non CCAR BHCs Instruction	New
198091	?225.8(f)(5), Prior approval request requirement Instruction	New
198090	?225.8(f)(1), (2), and (3), Prior approval request requirements Instruction	New
198089	?225.8(e)(3), Review of capital plans by the Federal Reserve Instruction	New
198088	?225.8(d)(3)(i)-(vi), Data Collections - CCAR BHCs Instruction	New
198087	?225.8(d)(4), Annual Capital Planning Instruction	New
198086	?225.8(d)(1)(iii), Annual Capital Planning Instruction	New
198085	?225.8(d)(1)(ii), Annual Capital Planning Instruction	New
198084	?225.8(d)(1)(i), Annual Capital Planning Instruction	New

ICR Details

OMB Control No: 7100-0342	ICR Reference No: 201106-7100-003
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: FRS	Agency Tracking No: Reg Y-13 (R-1425)
Title: Recordkeeping and Reporting Requirements Associated with Regulation Y (Capital Plans)
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/29/2011
	Date Received in OIRA: 12/29/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2014	36 Months From Approved
Responses	184	0	0
Time Burden (Hours)	432,764	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The amendments to Regulation Y (12 CFR part 225) would require large bank holding companies (BHCs) to submit capital plans to the Federal Reserve on an annual basis and to require such BHCs to request prior approval from the Federal Reserve under certain circumstances before making a capital distribution.

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Authorizing Statute(s): US Code: 12 USC 5365 and 5366 Name of Law: Dodd-Frank Act
   US Code: 12 USC 1844(b) and (c) Name of Law: Bank Holding Company Act
   US Code: 12 USC 3907 and 3909 Name of Law: International Lending Supervision Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
7100-AD77	Final or interim final rulemaking	76 FR 74631	12/01/2011

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 9

IC Title	Form No.	Form Name
§225.8(d)(1)(i), Annual Capital Planning
§225.8(d)(1)(ii), Annual Capital Planning
§225.8(d)(3)(i)-(vi), Data Collections - CCAR BHCs
§225.8(f)(1), (2), and (3), Prior approval request requirements
§225.8(f)(5), Prior approval request requirement
§225.8(d)(1)(iii), Annual Capital Planning
§225.8(d)(4), Annual Capital Planning
§225.8(e)(3), Review of capital plans by the Federal Reserve
225.8(d)(3)(i)-(iv), Data collections - Non CCAR BHCs

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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	184	0	0	184	0	0
Annual Time Burden (Hours)	432,764	0	0	432,764	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: During the years leading up to the recent financial crisis, many BHCs made significant distributions of capital, in the form of stock repurchases and dividends, without due consideration of the effects that a prolonged economic downturn could have on their capital adequacy and ability to continue to operate and remain credit intermediaries during times of economic and financial stress. The final rule is intended to address such practices, building upon the Federal Reserve's existing supervisory expectation that large BHCs have robust systems and processes that incorporate forward-looking projections of revenue and losses to monitor and maintain their internal capital adequacy.

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Annual Cost to Federal Government: $106,400

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? 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

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Common Form ICR:  No

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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: 12/29/2011

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