Financial Statements for Holding Companies

Forms and Documents

Document Name	Status
Form FR Y-9C Reporting FR Y-9C (non AA HCs non CBLR) with less than $5 billion in total assets Form	Modified
Form FR Y-9C Reporting FR Y-9C (non AA HCs CBLR) with $5 billion or more in total assets Form	Modified
Form FR Y-9C Reporting FR Y-9C (non AA HCs CBLR) with less than $5 billion in total assets Form	Modified
Form FR Y-9CS Recordkeeping FR Y-9CS Form	Unchanged
Form FR Y-9ES Recordkeeping FR Y-9ES Form	Unchanged
Form FR Y-9SP Recordkeeping FR Y-9SP Form	Unchanged
Form FR Y-9LP Recordkeeping FR Y-9LP Form	Modified
Form FR Y-9C Recordkeeping FR Y-9C Form	Modified
Form FR Y-9CS Reporting FR Y-9CS Form	Unchanged
Form FR Y-9ES Reporting FR Y-9ES Form	Unchanged
Form FR Y-9SP Reporting FR Y-9SP Form	Modified
Form FR Y-9LP Reporting FR Y-9LP Form	Modified
FRY9_20200514_omb_emergency.pdf Supporting Statement A	2020-05-14

IC Document Collections

IC ID	Document Title	Status
45881	Reporting FR Y-9C (AA HCs) Other-Supplemental Instructions	Modified
45880	Reporting FR Y-9C (non AA HCs non CBLR) with $5 billion or more in total assets Other-Supplemental Instructions	Modified
45879	Reporting FR Y-9C (non AA HCs non CBLR) with less than $5 billion in total assets Form	Modified
45878	Reporting FR Y-9C (non AA HCs CBLR) with $5 billion or more in total assets Form	Modified
36158	Reporting FR Y-9C (non AA HCs CBLR) with less than $5 billion in total assets Form	Modified
239126	Recordkeeping FR Y-9CS Form	Unchanged
239125	Recordkeeping FR Y-9ES Form	Unchanged
239124	Recordkeeping FR Y-9SP Form	Unchanged
239123	Recordkeeping FR Y-9LP Form	Modified
239122	Recordkeeping FR Y-9C Form	Modified
239121	Reporting FR Y-9CS Form	Unchanged
239120	Reporting FR Y-9ES Form	Unchanged
239119	Reporting FR Y-9SP Form	Modified
210280	Reporting FR Y-9LP Form	Modified

ICR Details

OMB Control No: 7100-0128	ICR Reference No: 202005-7100-006
Status: Historical Active	Previous ICR Reference No: 202004-7100-005
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: Emergency	Approval Requested By: 05/14/2020
OIRA Conclusion Action: Approved without change	Conclusion Date: 05/14/2020
	Date Received in OIRA: 05/14/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2020	6 Months From Approved	04/30/2023
Responses	24,270	0	24,270
Time Burden (Hours)	119,508	0	119,508
Cost Burden (Dollars)	0	0	0

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Abstract: The Board requires bank holding companies, most savings and loan holding companies (SLHCs), any securities holding companies, and U.S. intermediate holding companies (collectively HCs) to provide standardized financial statements through one or more of the FR Y-9 reports. The information collected on the FR Y-9 reports is necessary for the Board to identify emerging financial risks and monitor the safety and soundness of HC operations.

Emergency Justfication: The delegation of authority to the Board from OMB that permits the Board to approve collections of information under the Paperwork Reduction Act includes the authority to temporarily approve a collection of information without seeking public comment. To exercise this authority, the Board must determine that a new collection of information or a change to an existing collection must be instituted quickly and that public participation in the approval process would substantially interfere with the Board’s ability to perform its statutory obligation. Following the temporary approval of an information collection, the Board must conduct a normal delegated review of the collection within six months, including publishing in the Federal Register a notice seeking public comment. In response to recent economic disruptions and volatility in U.S. financial markets caused by the spread of Coronavirus Disease 2019 (COVID-19), the Board temporarily revised the FR Y-9C effective for the March 31, 2020, as-of date.

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Authorizing Statute(s): US Code: 12 USC 1850a(c)(1)(A) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 1844 Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 1467a(b)(2) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 1467a(b)(3) Name of Law: Home Owners’ Loan Act
   US Code: 12 USC 511(a)(1) 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

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 14

IC Title	Form No.	Form Name
Recordkeeping FR Y-9CS	FR Y-9CS	Supplement to the Consolidated Financial Statements for Holding Companies
Reporting FR Y-9ES	FR Y-9ES	Financial Statements for Employee Stock Ownership Plan Holding Companies
Recordkeeping FR Y-9ES	FR Y-9ES	Financial Statements for Employee Stock Ownership Plan Holding Companies
Reporting FR Y-9CS	FR Y-9CS	Supplement to the Consolidated Financial Statements for Holding Companies
Recordkeeping FR Y-9LP	FR Y-9LP	Parent Company Only Financial Statements for Large Holding Companies
Recordkeeping FR Y-9SP	FR Y-9SP	Parent Company Only Financial Statements for Small Holding Companies
Reporting FR Y-9C (AA HCs)	FR Y-9C	Consolidated Financial Statements for Holding Companies
Reporting FR Y-9C (non AA HCs non CBLR) with $5 billion or more in total assets	FR Y-9C	Consolidated Financial Statements for Holding Companies
Reporting FR Y-9C (non AA HCs CBLR) with less than $5 billion in total assets	FR Y-9C	Consolidated Financial Statements for Holding Companies
Reporting FR Y-9C (non AA HCs CBLR) with $5 billion or more in total assets	FR Y-9C	Consolidated Financial Statements for Holding Companies
Reporting FR Y-9LP	FR Y-9LP	Parent Company Only Financial Statements for Large Holding Companies
Reporting FR Y-9C (non AA HCs non CBLR) with less than $5 billion in total assets	FR Y-9C	Consolidated Financial Statements for Holding Companies
Recordkeeping FR Y-9C	FR Y-9C	Consolidated Financial Statements for Holding Companies
Reporting FR Y-9SP	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	24,270	24,270	0	0	0	0
Annual Time Burden (Hours)	119,508	119,508	0	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:

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Annual Cost to Federal Government: $2,050,800

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]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Yes

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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: 05/14/2020

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