Financial Statements for Holding Companies

ICR 202007-7100-007

OMB: 7100-0128

Federal Form Document

ICR Details
7100-0128 202007-7100-007
Active 202005-7100-007
FRS FR Y-9
Financial Statements for Holding Companies
Revision of a currently approved collection   No
Emergency 07/23/2020
Approved without change 07/23/2020
Retrieve Notice of Action (NOA) 07/23/2020
  Inventory as of this Action Requested Previously Approved
01/31/2021 6 Months From Approved 06/30/2023
24,270 0 24,270
119,725 0 119,667
0 0 0

The Board requires bank holding companies (BHCs), most savings and loan holding companies (SLHCs), any securities holding companies, and U.S. intermediate holding companies (IHCs) (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.
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 June 30, 2020, as-of date.

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
   US Code: 12 USC 1844 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 1850a(c)(1)(A) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  
PL: Pub.L. 116 - 136 134 Stat. 281 Name of Law: Coronavirus Aid, Relief, and Economic Security Act

Not associated with rulemaking

No

14
IC Title Form No. Form Name
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
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

  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) 119,725 119,667 58 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The estimated total annual burden for the FR Y-9 is 119,667 hours, and would increase to 119,725 hours with the temporary revisions. The Board estimates that the revisions would increase the estimated average hours per response for FR Y-9C non AA HCs filers by 0.03 hours and FR Y-9C AA HCs filers by 0.21 hours.

$2,050,800
No
    Yes
    No
No
No
No
Yes
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.
07/23/2020


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