Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation YY

Forms and Documents

Document Name	Status
FRYY_20200419_83c.pdf Justification for No Material/Nonsubstantive Change	2020-04-19

IC Document Collections

IC ID	Document Title	Status
230020	Disclosure Section 252.167	Modified
230019	Disclosure Section 252.153(e)(5)	Modified
227911	Disclosure Section 252.65	Modified
227910	Disclosure Section 252.58	Modified
227909	Recordkeeping Sections 252.156(e), 252.156(g), and 252.157(a)(7)	Modified
227908	Recordkeeping Section 252.153(e)(5)	Modified
227907	Recordkeeping Section 252.56(c)(1)	Modified
227906	Recordkeeping Sections 252.34(e)(3), 252.34(f), 252.34(h), and 252.35(a)(7)	Modified
218464	Recordkeeping Section 252.15(c)	Modified
218463	Reporting Section 252.164	Modified
218462	Reporting Section 252.158(d)(1)(ii)	Modified
218461	Reporting Section 252.158(c)(2)	Modified
218460	Reporting Section 252.158(c)(1)	Modified
218459	Reporting Section 252.157(b)	Modified
218458	Reporting Section 252.154(c)	Modified
218457	Reporting Sections 252.154(a) and (b)	Modified
218447	Reporting Section 252.153(c)(3)	Modified
218446	Reporting Section 252.153(b)(5)	Modified
218445	Reporting Section 252.153(a)(3)	Modified
218444	Reporting Section 252.146(c)(1)(iii)	Modified
218443	Reporting Section 252.145(a)	Modified
218442	Reporting Section 252.144(d)	Modified
218441	Reporting Sections 252.144(a) and (b)	Modified
218440	Reporting Section 252.143(c)	Modified
218439	Reporting Sections 252.143(a) and (b)	Modified
218438	Reporting Section 252.132(d)	Modified
218437	Reporting Sections 252.132(a) and (b)	Modified
218436	Reporting Section 252.122(b)(1)(iii)	Modified
218435	Reporting Section 252.87(b)	Modified
218433	Reporting Section 252.85(b)	Modified
218432	Reporting Section 252.16	Modified
218431	Disclosure Section 252.167 (Initial Setup)	Modified
218430	Disclosure Section 252.153(e)(5) (Initial Setup)	Modified
218429	Disclosure Section 252.65 (Initial Setup)	Modified
204843	Disclosure Section 252.58 (Initial Setup)	Modified
204842	Recordkeeping Sections 252.156(e), 252.156(g), and 252.157(a)(7) (Initial Setup)	Modified
204841	Recordkeeping Section 252.153(e)(5) (Initial Setup)	Modified
204840	Recordkeeping Section 252.56(c)(1) (Initial Setup)	Modified
204830	Recordkeeping Sections 252.34(e)(3), 252.34(f), 252.34(h), and 252.35(a)(7) (Initial Setup)	Modified
204829	Recordkeeping Section 252.15(c) (Initial Setup)	Modified
204828	Reporting Section 252.153(d) (Initial Setup)	Modified
204827	Reporting Section 252.16 (Initial Setup)	Modified

ICR Details

OMB Control No: 7100-0350	ICR Reference No: 202003-7100-007
Status: Historical Active	Previous ICR Reference No: 201712-7100-014
Agency/Subagency: FRS	Agency Tracking No: FR YY
Title: Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation YY
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/19/2020
	Date Received in OIRA: 04/19/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2020	11/30/2020	11/30/2020
Responses	902	0	1,225
Time Burden (Hours)	41,619	0	119,264
Cost Burden (Dollars)	0	0	0

---

Abstract: Section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) requires the Board to implement Regulation YY - Enhanced Prudential Standards (12 CFR 252) for bank holding companies (BHCs) and foreign banking organizations (FBOs) with total consolidated assets of $50 billion or more. The enhanced prudential standards include risk-based and leverage capital requirements, liquidity standards, requirements for overall risk management (including establishing a risk committee), stress test requirements, and debt-to-equity limits for companies that the Financial Stability Oversight Council (FSOC) has determined pose a grave threat to financial stability.

---

Authorizing Statute(s): US Code: 12 USC 1844(c)(1)(A) Name of Law: Bank Holding Company Act
   US Code: 12 USC 3106(a) Name of Law: International Banking Act
   US Code: 12 USC 5361 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
7100-AE52	Final or interim final rulemaking	82 FR 42882	09/12/2017

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 29169	05/11/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 42882	09/12/2017
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 42

IC Title	Form No.	Form Name
Disclosure Section 252.58
Disclosure Section 252.153(e)(5) (Initial Setup)
Disclosure Section 252.167 (Initial Setup)
Reporting Section 252.16
Reporting Section 252.85(b)
Reporting Section 252.87(b)
Reporting Section 252.122(b)(1)(iii)
Reporting Sections 252.132(a) and (b)
Reporting Section 252.144(d)
Reporting Section 252.145(a)
Reporting Section 252.146(c)(1)(iii)
Reporting Section 252.153(a)(3)
Reporting Section 252.153(b)(5)
Reporting Section 252.153(c)(3)
Reporting Section 252.16 (Initial Setup)
Reporting Section 252.153(d) (Initial Setup)
Recordkeeping Section 252.15(c) (Initial Setup)
Recordkeeping Sections 252.34(e)(3), 252.34(f), 252.34(h), and 252.35(a)(7) (Initial Setup)
Recordkeeping Section 252.56(c)(1) (Initial Setup)
Recordkeeping Section 252.153(e)(5) (Initial Setup)
Recordkeeping Sections 252.156(e), 252.156(g), and 252.157(a)(7) (Initial Setup)
Disclosure Section 252.58 (Initial Setup)
Reporting Sections 252.154(a) and (b)
Reporting Section 252.154(c)
Reporting Section 252.157(b)
Reporting Section 252.158(c)(1)
Reporting Section 252.158(c)(2)
Reporting Section 252.158(d)(1)(ii)
Disclosure Section 252.153(e)(5)
Disclosure Section 252.167
Reporting Section 252.164
Recordkeeping Section 252.15(c)
Disclosure Section 252.65 (Initial Setup)
Recordkeeping Sections 252.34(e)(3), 252.34(f), 252.34(h), and 252.35(a)(7)
Disclosure Section 252.65
Recordkeeping Section 252.153(e)(5)
Recordkeeping Section 252.56(c)(1)
Recordkeeping Sections 252.156(e), 252.156(g), and 252.157(a)(7)
Reporting Section 252.132(d)
Reporting Sections 252.143(a) and (b)
Reporting Section 252.143(c)
Reporting Sections 252.144(a) and (b)

---

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	902	1,225	0	0	-323	0
Annual Time Burden (Hours)	41,619	119,264	0	0	-77,645	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: The decrease in total annual burden hours reflects an update to the respondent counts.

---

Annual Cost to Federal Government: $0

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]? 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

---

Common Form ICR:  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:

(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: 04/19/2020

---