Bank Holding Company Applications and Notifications

ICR 202106-7100-017

OMB: 7100-0121

Federal Form Document

ICR Details
7100-0121 202106-7100-017
Active 202106-7100-005
FRS FR Y-3; FR Y-3N; FR Y-4
Bank Holding Company Applications and Notifications
Revision of a currently approved collection   No
Delegated
Approved without change 07/29/2021
Retrieve Notice of Action (NOA) 07/29/2021
  Inventory as of this Action Requested Previously Approved
07/31/2024 36 Months From Approved 07/31/2021
355 0 355
7,454 0 7,519
0 0 0

This information collection is comprised of the following reporting forms: • Application to Become a Bank Holding Company and/or Acquire an Additional Bank or Bank Holding Company (FR Y-3), • Notification to Become a Bank Holding Company and/or Acquire an Additional Bank or Bank Holding Company (FR Y-3N), and • Notification by a Bank Holding Company to Acquire a Nonbank Company and/or Engage in Nonbanking Activities (FR Y-4). These filings collect information on proposals by bank holding companies (BHCs) and companies seeking to become BHCs involving certain formations, acquisitions, mergers, and nonbanking activities. The Board requires the submission of these filings for regulatory and supervisory purposes and to fulfill its statutory obligations under the Bank Holding Company Act of 1956 (BHC Act). The Board uses the information submitted in these filings to evaluate each individual transaction with respect to the relevant statutory factors and to ensure that the transaction complies with other applicable requirements.

US Code: 12 USC 1844(b) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 1843(j) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 1842(a) Name of Law: Bank Holding Company Act of 1956
  
None

Not associated with rulemaking

  86 FR 20149 04/16/2021
86 FR 40839 07/29/2021
No

  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 355 355 0 0 0 0
Annual Time Burden (Hours) 7,454 7,519 0 -65 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
The estimated total annual burden for the FR Y-3, FR Y-3N, and FR Y-4 is 7,519 hours, and would decrease to 7,454 hours with the revisions. The current burden estimates are based on the number of applications and notifications, including post-consummation notices, received in 2018 and 2019.

$0
No
    Yes
    No
No
No
No
No
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.
07/29/2021


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