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

Forms and Documents

Document Name	Status
FRY13_20190624_omb.pdf Supporting Statement A	2019-06-24

IC Document Collections

IC ID	Document Title	Status
227962	Recordkeeping Section 225.8(e)(1)(iii)	Unchanged
214147	Recordkeeping Section 225.8(e)(1)(i) Large Non-Complex Firms	Removed
198091	Recordkeeping Section 225.8(e)(1)(i)	Modified
198090	Reporting Section 225.8(g)(6)	Unchanged
198089	Reporting Section 225.8(g)(3)(iii)(A)	Unchanged
198088	Reporting Sections 225.8(g)(1), (3), and (4)	Unchanged
198087	Reporting Section 225.8(f)(3)(i)	Unchanged
198086	Reporting Section 225.8(e)(4)	Unchanged
198085	Reporting Section 225.8(e)(3)	Unchanged
198084	Reporting Section 225.8(e)(1)(ii)	Unchanged

ICR Details

OMB Control No: 7100-0342	ICR Reference No: 201906-7100-008
Status: Historical Active	Previous ICR Reference No: 201904-7100-006
Agency/Subagency: FRS	Agency Tracking No: FR Y-13
Title: Reporting and Recordkeeping Requirements Associated with Regulation Y (Capital Plans)
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: 06/24/2019
	Date Received in OIRA: 06/24/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2022	36 Months From Approved	09/30/2020
Responses	170	0	170
Time Burden (Hours)	366,036	0	420,036
Cost Burden (Dollars)	0	0	0

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Abstract: Regulation Y - Bank Holding Companies and Change in Bank Control (12 CFR Part 225) requires large bank holding companies and U.S. intermediate holding companies (jointly referred to as BHCs) to submit capital plans to the Board on an annual basis and requires such BHCs to request prior approval from the Board under certain circumstances before making a capital distribution. Although there are additional data reporting requirements, there are no required reporting forms associated with this information collection.

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Authorizing Statute(s): US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 3907 Name of Law: International Lending Supervision Act of 1983
   US Code: 12 USC 3909 Name of Law: International Lending Supervision Act of 1983
   US Code: 12 USC 1844(b) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 5366 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:
7100-AF41	Final or interim final rulemaking	84 FR 8953	03/13/2019

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 18160	04/25/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 8953	03/13/2019
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Reporting Section 225.8(e)(1)(ii)
Reporting Section 225.8(e)(3)
Reporting Sections 225.8(g)(1), (3), and (4)
Reporting Section 225.8(g)(6)
Recordkeeping Section 225.8(e)(1)(i)
Reporting Section 225.8(e)(4)
Reporting Section 225.8(f)(3)(i)
Reporting Section 225.8(g)(3)(iii)(A)
Recordkeeping Section 225.8(e)(1)(i) Large Non-Complex Firms
Recordkeeping Section 225.8(e)(1)(iii)

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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	170	170	0	0	0	0
Annual Time Burden (Hours)	366,036	420,036	0	-54,000	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: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: The current estimated total annual burden for the FR Y-13 is 420,036 hours. The adopted revisions would result in a net decrease in burden of 54,000 hours. The final rule reduced the recordkeeping burden in section 225.8(e)(1)(i) for large complex firms by 3,000 hours per response.

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Annual Cost to Federal Government: $106,400

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.     No

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]? No

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: 06/24/2019

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