Filings Related to the Gramm-Leach-Bliley Act (GLB Act)

Forms and Documents

Document Name	Status
GLB Reports_201401_omb.docx Supporting Statement A	2014-01-28

IC Document Collections

IC ID	Document Title	Status
36340	Declaration to Become a Financial Holding Company (FR 4010)	Modified
210148	Notices of Failure to Meet Capital or Management Requirements (FHCs back into compliance-SLHCs) (FR 4102)	New
210147	Notices of Failure to Meet Capital or Management Requirements (SLHCs decertified as FHCs) (FR 4012)	New
205954	Portfolio Company Notifications Associated with Merchant Bank Acitivites (FR 4019)	Unchanged
180324	Recordkeeping Requirements Associated with Merchant Banking Activities (FR 4023)	Unchanged
180323	Regulatory Relief Requests Associated with Merchant Banking Activities (FR 4019)	Unchanged
180322	Notices by State Member Banks to Invest in Financial Subsidiaries (FR 4017)	Unchanged
180321	Notices of Failure to Meet Capital or Management Requirements (FHCs back into compliance-BHC) (FR 4012)	Modified
180320	Notices of Failure to Meet Capital or Management Requirements (BHCs decertified as FHCs) (FR 4012)	Modified
180319	Requests for Determinations and Interpretations Regarding Activities Financial in Nature (FR 4011)	Unchanged
180318	Declaration to Become a Financial Holding Company (Foreign Banks) (FR 4010)	Unchanged

ICR Details

OMB Control No: 7100-0292	ICR Reference No: 201308-7100-002
Status: Historical Active	Previous ICR Reference No: 201305-7100-013
Agency/Subagency: FRS	Agency Tracking No: FR 4010, 4011, 4012, 4017, 4019, and 4023
Title: Filings Related to the Gramm-Leach-Bliley Act (GLB Act)
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: 01/28/2014
	Date Received in OIRA: 01/28/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2017	36 Months From Approved	09/30/2014
Responses	109	0	104
Time Burden (Hours)	1,884	0	1,852
Cost Burden (Dollars)	0	0	0

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Abstract: These collections of information are made pursuant to amendments made by the Gramm-Leach-Bliley Act (GLB Act) to the Bank Holding Company Act, the Federal Reserve Act, or Federal Reserve Board (Board) regulations issued to carry out the GLB Act. There are no formal reporting forms for these collections of information, which are event generated; however, in each case, the type of information required to be filed is described in the Board's regulations.

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Authorizing Statute(s): US Code: 12 USC 3106(a) Name of Law: International Banking Act
   US Code: 12 USC 1843(1)(1), (j)-(k), (m) Name of Law: Bank Holding Company Act
   US Code: 12 USC 335 Name of Law: Federal Reserve Act
   US Code: 12 USC 1467a(c)(2)(H) Name of Law: Home Owner's Loan Act
  

Citations for New Statutory Requirements: US Code: 12 USC 5412 Name of Law: Wall Street Reform and Consumer ProtectionTECTION

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 32387	05/30/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 50055	08/16/2013
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 11

IC Title	Form No.	Form Name
Notices of Failure to Meet Capital or Management Requirements (BHCs decertified as FHCs) (FR 4012)
Requests for Determinations and Interpretations Regarding Activities Financial in Nature (FR 4011)
Regulatory Relief Requests Associated with Merchant Banking Activities (FR 4019)
Notices by State Member Banks to Invest in Financial Subsidiaries (FR 4017)
Declaration to Become a Financial Holding Company (Foreign Banks) (FR 4010)
Recordkeeping Requirements Associated with Merchant Banking Activities (FR 4023)
Declaration to Become a Financial Holding Company (FR 4010)
Portfolio Company Notifications Associated with Merchant Bank Acitivites (FR 4019)
Notices of Failure to Meet Capital or Management Requirements (FHCs back into compliance-BHC) (FR 4012)
Notices of Failure to Meet Capital or Management Requirements (SLHCs decertified as FHCs) (FR 4012)
Notices of Failure to Meet Capital or Management Requirements (FHCs back into compliance-SLHCs) (FR 4102)

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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	109	104	5	0	0	0
Annual Time Burden (Hours)	1,884	1,852	32	0	0	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: To conform to the new interim Regulation LL, the Federal Reserve revised the FR 4012 to expand its application to include Savings and Loan Holding Companies. The new FR 4012, in all other respects, preserves the current requirements of the FR 4012.

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Annual Cost to Federal Government: $0

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: 01/28/2014

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