This information collection comprises the following four reports:
(1) Annual Report of Holding Companies (FR Y-6), which collects financial and organizational information from holding companies (HCs) and foreign banking organizations (FBOs) that are non-qualifying,
(2) Annual Report of Foreign Banking Organizations (FR Y-7), which collects financial and organizational information from qualifying FBOs,
(3) Report of Changes in Organizational Structure (FR Y-10), which is an event-generated report that captures changes in organizational structure or 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 formless supplement to the FR Y-10 that the Board may use to collect additional structural information on an emergency basis.
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 of 1956
US Code:
12 USC 1844(c)(1)(A)
Name of Law: Bank Holding Company Act of 1956
US Code:
12 USC 3106(a)
Name of Law: International Banking Act of 1978
US Code:
12 USC 3108(a)
Name of Law: International Banking Act of 1978
US Code:
12 USC 5412
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 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
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 615
Name of Law: Federal Reserve Act
US Code:
12 USC 625
Name of Law: Federal Reserve Act
US Code:
12 USC 1850a(c)(1)
Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
US Code:
12 USC 5361
Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
PL: Pub.L. 115 - 174 132 Name of Law: Economic Growth, Regulatory Relief, and Consumer Protection Act
The estimated total annual burden for the structure reports is 69,127 hours, and would decrease to 68,743 hours with the adopted revision. The Board estimates that revisions to the FR Y-7 would not impact the respondent count, but the estimated average hours per response would decrease from 6 hours to 4.5 hours.
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_20191126_omb.pdf
Annual Report of Foreign Banking Organizations