Reporting Requirements Associated with Regulation Y (Extension of Time to Conform to the Volcker Rule)

ICR 201908-7100-010 · OMB 7100-0333 · Active

⚠️ Notice: This information collection may be outdated. More recent filings for OMB 7100-0333 can be found here:

Forms and Documents

Document	Type	Status	Availability
FRY1_20190819_omb.pdf	Supporting Statement A	Uploaded 2019-08-19	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
196716	Reporting Requirements Associated with Regulation Y (Extension of Time to Conform to the Volcker Rule)		Modified

ICR Details

OMB Control No: 7100-0333	ICR Reference No: 201908-7100-010
Status: Active	Previous ICR Reference No: 201903-7100-007
Agency/Subagency: FRS	Agency Tracking No: FR Y-1
Title: Reporting Requirements Associated with Regulation Y (Extension of Time to Conform to the Volcker Rule)
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: 08/19/2019
Retrieve Notice of Action (NOA)	Date Received in OIRA: 08/19/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2022	36 Months From Approved	11/30/2019
Responses	1	0	1
Time Burden (Hours)	3	0	3
Cost Burden (Dollars)	0	0	0

Abstract: The Boardâs Regulation Y â Bank Holding Companies and Change in Bank Control (12 CFR 225) provides that a new banking entity or Board-supervised nonbank financial company may request an extension of time to conform its activities to the requirements of section 13 of the Bank Holding Company Act of 1956 (BHC Act), also known as the Volcker Rule.

Authorizing Statute(s): US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 1467a(b) and (g) Name of Law: Home Ownersâ Loan Act
   US Code: 12 USC 1851(c)(6) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 248(a) Name of Law: Federal Reserve Act
   US Code: 12 USC 324 Name of Law: Federal Reserve Act

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 16490	04/19/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 40052	08/13/2019
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Reporting Requirements Associated with Regulation Y (Extension of Time to Conform to the Volcker Rule)

ICR Summary of Burden

	Total Approved	Previously Approved
Annual Number of Responses	1	1
Annual Time Burden (Hours)	3	3
Annual Cost Burden (Dollars)	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement:

Annual Cost to Federal Government: $0

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. No

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? Uncollected

Agency Contact: Mark Tokarski 202-452-5241 [email protected]

Common Form ICR: No