Regulation H requires certain state member banks (SMBs) to submit information relating to their securities to the Federal Reserve on the same reporting forms that bank holding companies and nonbank entities use to submit similar information to the Securities and Exchange Commission (SEC). Because most publicly held banking organizations are bank holding companies, only three SMBs, which are generally small, currently submit these data. The information is primarily used for disclosure to a SMBâs shareholders and public investors and is available to the public upon request. The reporting frequency varies, depending on the SEC reporting form being submitted.
US Code:
15 USC 78w(a)(1)
Name of Law: Securities Exchange Act of 1934
US Code:
15 USC 78l(i)
Name of Law: Securities Exchange Act of 1934
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.
RegH1_20160810_omb.pdf
Reports Related to Securities of State Member Banks as Required by Regulation H