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.
US Code:
12 USC 1844(c)(1)(A) Name of Law: Bank Holding Company Act of
1956
US Code:
12 USC 1467(a)(b)(2) Name of Law: Home Owners’ Loan Act
US Code: 12
USC 5365 Name of Law: Dodd-Frank Wall Street Reform and
Consumer Protection Act
US Code:
12 USC 1850a(c)(1)(A) Name of Law: Dodd-Frank Wall Street
Reform and Consumer Protection Act
The estimated total annual
burden for the FR Y-9 family of reports is 110,898 hours and will
increase to 110,959 hours. The average estimated hours per response
for non-advanced approaches FR Y-9C filers will increase from 46.29
hours to 46.34 hours, an increase of 0.05 hours. The average
estimated hours per response for advanced approaches FR Y-9C filers
will increase from 47.54 hours to 47.59 an increase of 0.05 hours.
The average estimated hours per response for the FR Y-9LP, FR
Y-9SP, FR Y-9ES, and FR Y-9CS filers will remain unchanged. The
change due to adjustment in agency estimate is related to the
increase of the minimum total consolidated asset threshold for
filing the FR Y-9C and FR Y-9LP to $3 billion and the FR Y-9SP
updated to apply to holding companies with less than $3 billion in
total consolidated assets from August 30, 2018.
$2,335,200
No
Yes
No
No
Yes
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.
Form FR Y-9ES Financial Statements for Employee Stock Ownership Plan Holding Companies
CECL_20190328_omb.pdf
Financial Statements for Employee Stock Ownership Plan Holding Companies