Bank Holding Company Applications and Notifications

ICR 202407-7100-015

OMB: 7100-0121

Federal Form Document

ICR Details
7100-0121 202407-7100-015
Active 202407-7100-014
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 07/29/2024
Retrieve Notice of Action (NOA) 07/29/2024
  Inventory as of this Action Requested Previously Approved
07/31/2027 36 Months From Approved 07/31/2024
335 0 335
7,603 0 7,215
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) involving formations, acquisitions, mergers, and nonbanking activities. The Board requires the submission of these filings for regulatory and supervisory purposes and to allow the Board to fulfill its statutory obligations under the Bank Holding Company Act of 1956 (BHC Act). The Board uses this information to evaluate each individual transaction with respect to financial and managerial factors, permissibility, competitive effects, financial stability, net public benefits, and the impact on the convenience and needs of affected communities.

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

Not associated with rulemaking

  89 FR 34246 04/30/2024
89 FR 60891 07/29/2024
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 335 335 0 0 0 0
Annual Time Burden (Hours) 7,603 7,215 0 388 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
The estimated total annual burden for the FR Y-3, FR Y-3N, and FR Y-4 is 7,215 hours, and would increase to 7,603 hours with the revisions.

$278,700
No
    Yes
    No
No
No
No
No
Ron Qiu 202 430-9259 ron.qiu@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.
07/29/2024


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