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Federal Register / Vol. 86, No. 171 / Wednesday, September 8, 2021 / Notices and purchase of services to provide information.
At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which the Board should modify the proposal.
Proposal Under OMB Delegated Authority To Extend for Three Years, With Revision, the Following Information Collection Report title: Financial Statements for Holding Companies.
Agency form number: FR Y9C, FR Y
9LP, FR Y9SP, FR Y9ES, and FR Y
9CS.
OMB control number: 71000128.
Frequency: Quarterly, semiannually, and annually.
Respondents: Bank holding companies BHCs, savings and loan holding companies SLHCs, securities holding companies, and U.S.
intermediate holding companies IHCs collectively, holding companies.1
Estimated number of respondents:
Reporting FR Y9C non-advanced approaches holding companies with less than $5
billion in total assets: 119; FR Y9C
non-advanced approaches holding companies with $5 billion or more in total assets: 221; FR Y9C advanced approaches holding companies: 9; FR
Y9LP: 412; FR Y9SP: 3,708; FR Y
9ES: 78; FR Y9CS: 236.
Recordkeeping FR Y9C: 349; FR Y9LP: 412; FR Y
9SP: 3,708; FR Y9ES: 78; FR Y9CS:
236.
Estimated average hours per response:
Reporting FR Y9C non-advanced approaches holding companies with less than $5
billion in total assets: 35.74; FR Y9C
non-advanced approaches holding companies with $5 billion or more in total assets: 44.94; FR Y9C advanced approaches holding companies: 50.16;
FR Y9LP: 5.27; FR Y9SP: 5.45; FR Y
9ES: 0.50; FR Y9CS: 0.50.

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Recordkeeping FR Y9C: 1; FR Y9LP: 1; FR Y9SP:
0.50; FR Y9ES: 0.50; FR Y9CS: 0.50.
1 The following depository institution holding companies are exempt: 1 A unitary savings and loan holding company with primarily commercial assets that meets the requirements of section 10c9c of the Home Owners Loan Act, for which thrifts make up less than 5 percent of its consolidated assets; and 2 a SLHC that primarily holds insurance-related assets and does not otherwise submit financial reports with the Securities and Exchange Commission pursuant to sections 13 or 15d of the Securities Exchange Act of 1934.

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Estimated annual burden hours:
Reporting FR Y9C non-advanced approaches holding companies with less than $5
billion in total assets: 17,012; FR Y9C
non-advanced approaches holding companies with $5 billion or more in total assets: 39,727; FR Y9C advanced approaches holding companies: 1,806;
FR Y9LP: 8,685; FR Y9SP: 40,417; FR
Y9ES: 39; FR Y9CS: 472.
Recordkeeping FR Y9C: 1,396; FR Y9LP: 1,648; FR
Y9SP: 3,708; FR Y9ES: 39; FR Y9CS:
472.
General description of report: The FR
Y9 family of reporting forms continues to be the primary source of financial data on holding companies that examiners rely on in the intervals between on-site inspections. The Board requires holding companies to provide standardized financial statements to fulfill the Boards statutory obligation to supervise these organizations. Financial data from these reporting forms are used to detect emerging financial problems, to review performance and conduct preinspection analysis, to monitor and evaluate capital adequacy, to evaluate holding company mergers and acquisitions, and to analyze a holding companys overall financial condition to ensure the safety and soundness of its operations. The FR Y9C, FR Y9LP, and FR Y9SP serve as standardized financial statements for the holding companies. The FR Y9ES is a financial statement for holding companies that are Employee Stock Ownership Plans.
The Board uses the voluntary FR Y9CS
a free-form supplement to collect additional information deemed to be critical and needed in an expedited manner. Holding companies file the FR
Y9C on a quarterly basis, the FR Y9LP
quarterly, the FR Y9SP semiannually, the FR Y9ES annually, and the FR Y
9CS on a schedule that is determined when this supplement is used.
Proposed revisions:
Chief Executive Officer Contact Information The Federal Reserve periodically needs to communicate directly with the CEOs of holding companies via email;
however, the Federal Reserve currently does not have a complete list of CEO
email addresses. To streamline communications to CEOs, the Board proposes to collect the name, email address, and phone number of the holding companys CEO on the FR Y
9C and FR Y9SP reports. CEO
communications would be initiated or approved by the Boards senior
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management and would involve topics such as new initiatives and policy notifications.
The proposed CEO contact information would be for the confidential use of the Federal Reserve and would not be released to the public.
The Board intends for CEO email addresses and phone numbers to be used judiciously and only for significant matters requiring CEO-level attention.
Having a comprehensive database of holding companies CEO contact information, including email addresses and phone numbers, would allow the Federal Reserve to have current information to communicate important and time-sensitive information to CEOs.
This information is proposed to be collected quarterly on the FR Y9C
report for consistency with the Call Report and semiannually on the FR Y
9SP report. The information would be collected from top tier holding companies only.
Full-Time Employees Consistent with the Interagency Policy Statement Establishing Joint Standards for Assessing the Diversity Policies of Entities Regulated by the Agencies,2 which was issued as required by section 342 of the DoddFrank Wall Street Reform and Consumer Protection Act, the Boards Office of Minority and Women Inclusion OMWI
conducts an annual survey of entities the Board regulates. In this voluntary survey, the Board collects a selfassessment report on diversity policies and practices from entities with 100 or more full-time equivalent employees.
Currently, to identify those entities that should be invited to participate in the survey, the Boards OMWI relies on the FR Y9C and Call Report, which collect data on the number of full-time equivalent employees for the consolidated entity. Because these data are not collected on the parent-only FR
Y9SP or the nonbank subsidiary reports,3 the Board cannot accurately identify the FR Y9SP reporters with 100 or more full-time equivalent employees on a consolidated basis that 2 See 80 FR 33016 June 10, 2015. Agencies include the Office of the Comptroller of the Currency OCC; Board; Federal Deposit Insurance Corporation FDIC; National Credit Union Administration NCUA; Consumer Financial Protection Bureau CFPB; and Securities and Exchange Commission SEC.
3 The nonbank subsidiary reports include the Financial Statements of Foreign Subsidiaries of U.S.
Banking Organizations FR 2314/2314S, Financial Statements of U.S. Nonbank Subsidiaries held by Foreign Banking Organizations FR Y7N/7NS/7Q, and Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies FR Y11/
11S.

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