OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Recordkeeping and Reporting Requirements Associated with Regulation Y (Capital Plans)

ICR 201106-7100-003 · OMB 7100-0342 · Historical Active

Forms and Documents
Document
Name
Status
Supporting Statement A
2011-12-29
Supplementary Document
2011-11-23
Supplementary Document
2011-11-23
Supplementary Document
2011-11-23
Supplementary Document
2011-06-14
IC Document Collections
IC ID
Document
Title
Status
200235 New
198091 New
198090 New
198089 New
198088 New
198087 New
198086 New
198085 New
198084 New
ICR Details
7100-0342 201106-7100-003
Historical Active
FRS Reg Y-13 (R-1425)
Recordkeeping and Reporting Requirements Associated with Regulation Y (Capital Plans)
New collection (Request for a new OMB Control Number)   No
Delegated
Approved without change 12/29/2011
Retrieve Notice of Action (NOA) 12/29/2011
  Inventory as of this Action Requested Previously Approved
12/31/2014 36 Months From Approved
184 0 0
432,764 0 0
0 0 0
The amendments to Regulation Y (12 CFR part 225) would require large bank holding companies (BHCs) to submit capital plans to the Federal Reserve on an annual basis and to require such BHCs to request prior approval from the Federal Reserve under certain circumstances before making a capital distribution.
US Code: 12 USC 5365 and 5366 Name of Law: Dodd-Frank Act
   US Code: 12 USC 1844(b) and (c) Name of Law: Bank Holding Company Act
   US Code: 12 USC 3907 and 3909 Name of Law: International Lending Supervision Act
  
None
7100-AD77 Final or interim final rulemaking 76 FR 74631 12/01/2011
Yes
  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 184 0 0 184 0 0
Annual Time Burden (Hours) 432,764 0 0 432,764 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
During the years leading up to the recent financial crisis, many BHCs made significant distributions of capital, in the form of stock repurchases and dividends, without due consideration of the effects that a prolonged economic downturn could have on their capital adequacy and ability to continue to operate and remain credit intermediaries during times of economic and financial stress. The final rule is intended to address such practices, building upon the Federal Reserve's existing supervisory expectation that large BHCs have robust systems and processes that incorporate forward-looking projections of revenue and losses to monitor and maintain their internal capital adequacy.
$106,400
No
No
No
Yes
No
Uncollected
Michelle Shore 202 452-6461 michelle.e.shore@frb.gov
  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:
 
 
 
 
 
 
 
    (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.
12/29/2011