Financial Statements for Holding Companies

Forms and Documents

Document Name	Status
Form FR Y-9ES Financial Statements for Employee Stock Ownership Plan Holding Companies Form	Unchanged
Form FR Y-9SP Parent Company Only Financial Statements for Small Holding Companies Form	Modified
Form FR Y-9LP Parent Company Only Financial Statements for Large Holding Companies Form	Modified
Form FR Y-9C Consolidated Financial Statements for Holding Companies (AA HCs) Form	Modified
Form FR Y-9C Consolidated Financial Statements for Holding Companies (non AA HCs) Form	Modified
Form FR Y-9CS Supplement to the Consolidated Financial Statements for Holding Companies Form	Unchanged
FRY9_20180801_omb.pdf Supporting Statement A	2018-08-01

IC Document Collections

IC ID	Document Title	Status
45881	Financial Statements for Employee Stock Ownership Plan Holding Companies Form	Unchanged
45880	Parent Company Only Financial Statements for Small Holding Companies Form	Modified
45879	Parent Company Only Financial Statements for Large Holding Companies Form	Modified
45878	Consolidated Financial Statements for Holding Companies (AA HCs) Form	Modified
36158	Consolidated Financial Statements for Holding Companies (non AA HCs) Form	Modified
210280	Supplement to the Consolidated Financial Statements for Holding Companies Form	Unchanged

ICR Details

OMB Control No: 7100-0128	ICR Reference No: 201807-7100-019
Status: Historical Active	Previous ICR Reference No: 201807-7100-015
Agency/Subagency: FRS	Agency Tracking No: FR Y-9
Title: Financial Statements for Holding Companies
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: 08/01/2018
	Date Received in OIRA: 08/01/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2021	36 Months From Approved	03/31/2021
Responses	14,424	0	14,424
Time Burden (Hours)	179,845	0	181,997
Cost Burden (Dollars)	0	0	0

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Abstract: The Board requires bank holding companies, savings and loan holding companies, securities holding companies, and U.S. intermediate holding companies (collectively holding companies (HCs)) to provide standardized financial statements to fulfill the Board’s statutory obligation to supervise these organizations. HCs file the FR Y-9C and FR Y-9LP quarterly, the FR Y-9SP semiannually, the FR Y-9ES annually, and the FR Y-9CS on a schedule that is determined when this supplement is used.

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Authorizing Statute(s): US Code: 12 USC 1467a(b) Name of Law: Home Owners' Loan Act
   US Code: 12 USC 1850a(c)(1) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act
   US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  

Citations for New Statutory Requirements: None

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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:
	83 FR 18843	04/30/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 36935	07/31/2018
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 6

IC Title	Form No.	Form Name
Consolidated Financial Statements for Holding Companies (non AA HCs)	FR Y-9C	Consolidated Financial Statements for Holding Companies
Consolidated Financial Statements for Holding Companies (AA HCs)	FR Y-9C	Consolidated Financial Statements for Holding Companies
Supplement to the Consolidated Financial Statements for Holding Companies	FR Y-9CS	Supplement to the Consolidated Financial Statements for Holding Companies
Parent Company Only Financial Statements for Large Holding Companies	FR Y-9LP	Parent Company Only Financial Statements for Large Holding Companies
Financial Statements for Employee Stock Ownership Plan Holding Companies	FR Y-9ES	Financial Statements for Employee Stock Ownership Plan Holding Companies
Parent Company Only Financial Statements for Small Holding Companies	FR Y-9SP	Parent Company Only Financial Statements for Small Holding Companies

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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	14,424	14,424	0	0	0	0
Annual Time Burden (Hours)	179,845	181,997	0	-2,152	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The current annual burden for the FR Y-9 family of reports is estimated to be 181,997 hours. The proposed revisions would result in a net decrease in burden of 2,152 hours. The estimated average hours per response for non-advanced approaches FR Y-9C filers would decrease from 47.11 hours to 46.29 hours, a decrease of 0.82 hours associated with the revisions to the FR Y-9C requirements. The estimated average hours per response for advanced approaches FR Y-9C filers would decrease from 48.36 hours to 47.54 hours, a decrease of 0.82 hours associated with the revisions to the FR Y-9C requirements.

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Annual Cost to Federal Government: $2,335,200

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]? 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: 08/01/2018

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