Financial Statements of Subsidiaries

Forms and Documents

Document Name	Status
Form FR 2314S Reporting FR 2314S Form	Modified
Form FR 2314 Reporting FR 2314 (annual) Form	Modified
Form FR 2314 Reporting FR 2314 (quarterly) Form	Modified
Form FR Y-7NS Recordkeeping FR Y-7NS Form	New
Form FR Y-7N Recordkeeping FR Y-7N (annual) Form	New
Form FR Y-7N Recordkeeping FR Y-7N (quarterly) Form	New
Form FR Y-11S Recordkeeping FR Y-11S Form	New
Form FR Y-11 Recordkeeping FR Y-11 (annual) Form	New
Form FR Y-11 Recordkeeping FR Y-11 (quarterly) Form	New
Form FR 2314S Recordkeeping FR 2314S Form	New
Form FR 2314 Recordkeeping FR 2314 (annual) Form	New
Form FR 2314 Recordkeeping FR 2314 (quarterly) Form	New
Form FR Y-7NS Reporting FR Y-7NS Form	New
Form FR Y-7N Reporting FR Y-7N (annual) Form	New
Form FR Y-7N Reporting FR Y-7N (quarterly) Form	New
Form FR Y-11S Reporting FR Y-11S Form	New
Form FR Y-11 Reporting FR Y-11 (annual) Form	New
Form FR Y-11 Reporting FR Y-11 (quarterly) Form	New
FR2314_FR2314S_FRY11_FRY11S_FRY7N_FRY7NS_20250313_omb.pdf Supporting Statement A	2025-03-13

IC Document Collections

IC ID	Document Title	Status
46647	Reporting FR 2314S Form	Modified
46646	Reporting FR 2314 (annual) Form	Modified
36062	Reporting FR 2314 (quarterly) Form	Modified
274326	Recordkeeping FR Y-7NS Form	New
274325	Recordkeeping FR Y-7N (annual) Form	New
274324	Recordkeeping FR Y-7N (quarterly) Form	New
274323	Recordkeeping FR Y-11S Form	New
274322	Recordkeeping FR Y-11 (annual) Form	New
274321	Recordkeeping FR Y-11 (quarterly) Form	New
274320	Recordkeeping FR 2314S Form	New
274319	Recordkeeping FR 2314 (annual) Form	New
274318	Recordkeeping FR 2314 (quarterly) Form	New
274306	Reporting FR Y-7NS Form	New
274305	Reporting FR Y-7N (annual) Form	New
274304	Reporting FR Y-7N (quarterly) Form	New
274303	Reporting FR Y-11S Form	New
274302	Reporting FR Y-11 (annual) Form	New
274273	Reporting FR Y-11 (quarterly) Form	New

ICR Details

OMB Control No: 7100-0073	ICR Reference No: 202503-7100-001
Status: Active	Previous ICR Reference No: 202109-7100-002
Agency/Subagency: FRS	Agency Tracking No: FR 2314, FR 2314S, FR Y-11, FR Y-11S, FR Y-7N, and
Title: Financial Statements of Subsidiaries
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: 03/13/2025
	Date Received in OIRA: 03/13/2025
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2028	36 Months From Approved	03/31/2025
Responses	8,876	0	2,295
Time Burden (Hours)	32,951	0	14,664
Cost Burden (Dollars)	0	0	0

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Abstract: This information collection comprises the following reports: • Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations (FR 2314), • Abbreviated Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations (FR 2314S), • Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies (FR Y-11), • Abbreviated Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies (FR Y-11S), • Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations (FR Y-7N), and • Abbreviated Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations (FR Y-7NS). The FR 2314 reporting forms collect financial information for non-functionally regulated direct or indirect foreign subsidiaries of U.S. state member banks (SMBs), Edge and agreement corporations, and holding companies (i.e., bank holding companies, savings and loan holding companies, securities holding companies, and intermediate holding companies) (collectively U.S. Banking Organizations (USBOs)). Parent organizations (SMBs, Edge and agreement corporations, or holding companies) file the FR 2314 on a quarterly or annual basis, or the FR 2314S on an annual basis, predominantly based on whether the organization meets certain asset size thresholds. The data from the FR 2314 forms are used to identify current and potential problems at the foreign subsidiaries of U.S. parent companies, to monitor the activities of U.S. banking organizations in specific countries, and to develop a better understanding of activities within the industry, in general, and of individual institutions, in particular. The FR Y-11 reporting forms collect financial information for individual non-functionally regulated U.S. nonbank subsidiaries of domestic holding companies (HCs), which is essential for monitoring the subsidiaries’ potential impact on the condition of the HC or its subsidiary banks. HCs file the FR Y-11 on a quarterly or annual basis, or the FR Y-11S on an annual basis, predominantly based on whether the organization meets certain asset size thresholds. The data from the FR Y-11 forms are used with other holding company data to assess the condition of HCs that are heavily engaged in nonbanking activities and to monitor the volume, nature, and condition of their nonbanking operations. The FR Y-7N and FR Y-7NS collect financial information for certain non-functionally regulated U.S. nonbank subsidiaries held by foreign banking organizations (FBOs) other than through a U.S. bank holding company, financial holding company (FHC), or U.S. bank. For purposes of these reports, an FBO is a foreign bank that operates a branch, agency, or commercial lending company subsidiary in the United States; controls a bank in the United States; or controls an Edge corporation acquired after March 5, 1987. FBOs file the FR Y-7N quarterly or annually or the FR Y-7NS annually, predominantly based on asset size thresholds.

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Authorizing Statute(s): US Code: 12 USC 1844(c) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 1467a(b)(2) Name of Law: Homeowners’ Loan Act
   US Code: 12 USC 5365 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 1850a Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 12 USC 324 Name of Law: Federal Reserve Act
   US Code: 12 USC 602 Name of Law: Federal Reserve Act
   US Code: 12 USC 625 Name of Law: Federal Reserve Act
   US Code: 12 USC 3105(c) Name of Law: International Banking Act of 1978
   US Code: 12 USC 3106(c) Name of Law: International Banking Act of 1978
   US Code: 12 USC 3108 Name of Law: International Banking Act of 1978
  

Citations for New Statutory Requirements: None

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

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 48639	06/07/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 9027	02/05/2025
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 18

IC Title	Form No.	Form Name
Recordkeeping FR 2314 (annual)	FR 2314	Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations
Recordkeeping FR 2314 (quarterly)	FR 2314	Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations
Recordkeeping FR 2314S	FR 2314S	Abbreviated Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations
Recordkeeping FR Y-11 (annual)	FR Y-11	Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies
Recordkeeping FR Y-11 (quarterly)	FR Y-11	Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies
Recordkeeping FR Y-11S	FR Y-11S	Abbreviated Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies
Recordkeeping FR Y-7N (annual)	FR Y-7N	Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations
Recordkeeping FR Y-7N (quarterly)	FR Y-7N	Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations
Recordkeeping FR Y-7NS	FR Y-7NS	Abbreviated Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations
Reporting FR 2314 (annual)	FR 2314	Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations
Reporting FR 2314 (quarterly)	FR 2314	Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations
Reporting FR 2314S	FR 2314S	Abbreviated Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations
Reporting FR Y-11 (annual)	FR Y-11	Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies
Reporting FR Y-11 (quarterly)	FR Y-11	Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies
Reporting FR Y-11S	FR Y-11S	Abbreviated Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies
Reporting FR Y-7N (annual)	FR Y-7N	Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations
Reporting FR Y-7N (quarterly)	FR Y-7N	Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations
Reporting FR Y-7NS	FR Y-7NS	Abbreviated Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations

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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	8,876	2,295	0	4,581	2,000	0
Annual Time Burden (Hours)	32,951	14,664	0	4,927	13,360	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 2314, FR 2314S, FR Y-11, FR Y-11S, and FR Y-7N, FR Y-7NS reports is 28,024 hours, and would increase to 32,951 hours with the revisions.

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Annual Cost to Federal Government: $203,300

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? No

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Common Form ICR:  No

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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: 03/13/2025

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