Financial Statements for Holding Companies

OMB Control No: 7100-0128	ICR Reference No: 202106-7100-004
Status: Active	Previous ICR Reference No: 202102-7100-010
Agency/Subagency: FRS	Agency Tracking No: FR Y-9
Title: Financial Statements for Holding Companies
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: 08/20/2021
Retrieve Notice of Action (NOA)	Date Received in OIRA: 08/20/2021
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2024	36 Months From Approved	09/30/2021
Responses	23,136	0	23,136
Time Burden (Hours)	115,671	0	115,482
Cost Burden (Dollars)	0	0	0

---

Abstract: This information collection comprises the following five reports: Consolidated Financial Statements for Holding Companies (FR Y-9C), Parent Company Only Financial Statements for Large Holding Companies (FR Y-9LP), Parent Company Only Financial Statements for Small Holding Companies (FR Y-9SP), Financial Statements for Employee Stock Ownership Plan Holding Companies (FR Y-9ES), and Supplement to the Consolidated Financial Statements for Holding Companies (FR Y-9CS). The Board requires bank holding companies (BHCs), most savings and loan holding companies (SLHCs), any securities holding companies, and U.S. intermediate holding companies (IHCs) (collectively HCs) to provide standardized financial statements through one or more of the FR Y-9 reports. The information collected on the FR Y-9 reports is necessary for the Board to identify emerging financial risks and monitor the safety and soundness of HC operations.

---

Authorizing Statute(s): US Code: 12 USC 1844 Name of Law: Bank Holding Company Act of 1956    US Code: 12 USC 1467a(b)(2) Name of Law: Home Owners’ Loan Act    US Code: 12 USC 1467a(b)(3) Name of Law: Home Owners’ Loan Act    US Code: 12 USC 5311(a)(1) 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 1850a(c)(1)(A) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection 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:
	85 FR 63553	10/08/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 92	01/04/2021
Did the Agency receive public comments on this ICR? Yes

---

Number of Information Collection (IC) in this ICR: 12

IC Title Form No. Form Name Recordkeeping FR Y-9C FR Y-9C Consolidated Financial Statements for Holding Companies Recordkeeping FR Y-9CS FR Y-9CS Supplement to the Consolidated Financial Statements for Holding Companies Recordkeeping FR Y-9ES FR Y-9ES Financial Statements for Employee Stock Ownership Plan Holding Companies Recordkeeping FR Y-9LP FR Y-9LP Parent Company Only Financial Statements for Large Holding Companies Recordkeeping FR Y-9SP FR Y-9SP Parent Company Only Financial Statements for Small Holding Companies Reporting FR Y-9C (AA HCs) FR Y-9C Consolidated Financial Statements for Holding Companies Reporting FR Y-9C (non AA HCs) with $5 billion or more in total assets FR Y-9C Consolidated Financial Statements for Holding Companies Reporting FR Y-9C (non AA HCs) with less than $5 billion in total assets FR Y-9C Consolidated Financial Statements for Holding Companies Reporting FR Y-9CS FR Y-9CS Supplement to the Consolidated Financial Statements for Holding Companies Reporting FR Y-9ES FR Y-9ES Financial Statements for Employee Stock Ownership Plan Holding Companies Reporting FR Y-9LP FR Y-9LP Parent Company Only Financial Statements for Large Holding Companies Reporting FR Y-9SP FR Y-9SP Parent Company Only Financial Statements for Small Holding Companies

---

ICR Summary of Burden

	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	23,136	23,136	0	0	0	0
Annual Time Burden (Hours)	115,671	115,482	0	189	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: The estimated total annual burden for the FR Y-9 reports is 115,482 hours, and would increase to 115,671 hours with the revisions. The GAAP and Regulation D revisions would result in an increase of 189 hours. The revisions associated with the new items for PPPLF and Section 2013 of the CARES Act would not affect burden as these adjustments to burden were made in July 2020 with the emergency clearance and are reflected in the current burden.

---

Annual Cost to Federal Government: $2,050,800

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.     Yes

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? Yes

Agency Contact: Robert Dahl 202 622-3119 [email protected]

---

Common Form ICR:  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:
		(a) It is necessary for the proper performance of agency functions;
		(b) It avoids unnecessary duplication;
		(c) It reduces burden on small entities;
		(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
		(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
		(f) It indicates the retention periods for recordkeeping requirements;
		(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
			(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;
		(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
		(i) It uses effective and efficient statistical survey methodology (if applicable); and
		(j) It makes appropriate use of information technology.
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.
Certification Date: 08/20/2021

---