Consolidated Holding Company Report of Equity Investments in Nonfinancial Companies; Annual Report of Merchant Banking Investments Held for an Extended Period

Forms and Documents

Document Name	Status
Form FR Y-12 Reporting FR Y-12 (Quarterly) Form	Modified
Form FR Y-12 Recordkeeping FR Y-12 (Semiannual) Form	New
Form FR Y-12 Recordkeeping FR Y-12 (Quarterly) Form	New
Form FR Y-12A Reporting FR Y-12A Form	Modified
Form FR Y-12 Reporting FR Y-12 (Semiannual) Form	Modified
FRY12_FRY12A_20231217_omb.pdf Supporting Statement A	2023-12-17

IC Document Collections

IC ID	Document Title	Status
44941	Reporting FR Y-12 (Quarterly) Form	Modified
263968	Recordkeeping FR Y-12A Instruction	New
263967	Recordkeeping FR Y-12 (Semiannual) Form	New
263966	Recordkeeping FR Y-12 (Quarterly) Form	New
223136	Reporting FR Y-12A Form	Modified
190538	Reporting FR Y-12 (Semiannual) Form	Modified

ICR Details

OMB Control No: 7100-0300	ICR Reference No: 202312-7100-005
Status: Active	Previous ICR Reference No: 202312-7100-002
Agency/Subagency: FRS	Agency Tracking No: FR Y-12; FR Y-12A
Title: Consolidated Holding Company Report of Equity Investments in Nonfinancial Companies; Annual Report of Merchant Banking Investments Held for an Extended Period
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: 12/17/2023
	Date Received in OIRA: 12/17/2023
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2026	36 Months From Approved	12/31/2023
Responses	262	0	131
Time Burden (Hours)	2,021	0	1,955
Cost Burden (Dollars)	0	0	0

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Abstract: The FR Y-12 report collects information from certain domestic bank holding companies (BHCs), savings and loan holding companies (SLHCs), and U.S. intermediate holding companies (IHCs) (collectively, holding companies) on their equity investments in nonfinancial companies. The FR Y-12A report is filed by financial holding companies (FHCs) with merchant banking investments that are approaching the end of the holding periods permissible under the Board’s Regulation Y - Bank Holding Companies and Change in Bank Control (12 CFR Part 225).

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Authorizing Statute(s): US Code: 12 USC 1844(c)(1)(A) 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 5311(a)(1) 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 1843(k)(7)(A) Name of Law: Bank Holding Company Act of 1956
  

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
60-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 46161	07/19/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 84327	12/05/2023
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 6

IC Title	Form No.	Form Name
Recordkeeping FR Y-12 (Quarterly)	FR Y-12	Consolidated Holding Company Report of Equity Investments in Nonfinancial Companies
Recordkeeping FR Y-12 (Semiannual)	FR Y-12	Consolidated Holding Company Report of Equity Investments in Nonfinancial Companies
Recordkeeping FR Y-12A	FR Y-12A	Annual Report of Merchant Banking Investments Held for an Extended Period
Reporting FR Y-12 (Quarterly)	FR Y-12	Consolidated Holding Company Report of Equity Investments in Nonfinancial Companies
Reporting FR Y-12 (Semiannual)	FR Y-12	Consolidated Holding Company Report of Equity Investments in Nonfinancial Companies
Reporting FR Y-12A	FR Y-12A	Annual Report of Merchant Banking Investments Held for an Extended Period

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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	262	131	0	131	0	0
Annual Time Burden (Hours)	2,021	1,955	0	66	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: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The estimated total annual burden for the FR Y-12 and FR Y-12A is 1,955 hours, and would increase to 2,021 hours with the revisions. The Board revised the FR Y-12 and FR Y-12A instructions by 1) specifying when respondents should submit their reports if the submission deadline falls on a weekend or holiday, 2) modifying and clarifying the recordkeeping requirements of the submitted forms, 3) clarifying what must be included in the reported amount of a firm’s aggregate nonfinancial equity investment, 4) clarifying in the FR Y-12 instructions which columns are applicable to Schedules A and C, and 5) aligning the submission deadline of the FR Y-12A to be consistent with the FR Y-12 submission deadline.

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Annual Cost to Federal Government: $21,700

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? No

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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: 12/17/2023

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