This family of reports is composed of the following four reports:
(1) Annual Report of Holding Companies (FR Y-6), which collects financial data, an organization chart, verification of domestic branch data, and information about shareholders from bank holding companies (BHCs), savings and loan holding companies (SLHCs) (collectively, HCs), and non-qualifying foreign banking organizations (FBOs),
(2) Annual Report of Foreign Banking Organizations (FR Y-7), which is an annual information collection submitted by qualifying FBOs to update their financial and organizational information with the Federal Reserve,
(3) Report of Changes in Organizational Structure (FR Y-10), which is an event-generated information collection to capture changes in the regulated investments and activities of various entities, and
(4) Supplement to the Report of Changes in Organizational Structure (FR Y-10E), which is a free-form supplement that may be used to collect additional structural information deemed to be critical and needed in an expedited manner.
US Code:
12 USC 615
Name of Law: Federal Reserve Act
US Code:
12 USC 602
Name of Law: Federal Reserve Act
US Code:
12 USC 611a
Name of Law: Federal Reserve Act
US Code:
12 USC 625
Name of Law: Federal Reserve Act
US Code:
12 USC 5412
Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
US Code:
12 USC 1850a(c)(1)
Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
US Code:
12 USC 5468(b)(1)
Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
US Code:
12 USC 1467a(c)(2)(H)
Name of Law: Home Ownersâ Loan Act
US Code:
12 USC 5361
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)
Name of Law: Bank Holding Company Act
US Code:
12 USC 1844(c)(1)(A)
Name of Law: Bank Holding Company Act
US Code:
12 USC 3106(a)
Name of Law: International Banking Act
US Code:
12 USC 3108(a)
Name of Law: International Banking Act
US Code:
12 USC 248(a)(1)
Name of Law: Federal Reserve Act
US Code:
12 USC 321
Name of Law: Federal Reserve Act
US Code:
12 USC 601
Name of Law: Federal Reserve Act
The current annual reporting burden is estimated to be 70,035 hours. The FR Y-7 proposed revisions would result in an increase in burden of 486 hours due to the increase in estimated average hours per response from 4 to 6. While the overall FR Y-7 reporting burden is estimated to increase by 2 hours on average for all FR Y-7 respondents, the proposed reporting requirements only apply to a subset of the respondents (approximately 143).
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.
Form FR Y-7 Annual Report of Foreign Banking Organizations
FRY6_FRY7_FRY10_FRY10E_20180126_omb.pdf
Annual Report of Foreign Banking Organizations