{"abstract":"The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, with revision, the Structure Reporting and Recordkeeping Requirements for Domestic and Foreign Banking Organizations (FR Y-6, FR Y-7, FR Y-10, and FR Y-10E; OMB No. 7100-0297).","action":"On May 9, 2022, the Board published a notice in the Federal Register (87 FR 27639) requesting public comment for 60 days on the extension, with revision, of the FR Y-6, FR Y-7, FR Y-10, and FR Y-10E reports. The Board proposed to modify the FR Y-6, FR Y-7 and FR Y-10 reports by (1) revising the FR Y-6 reporting requirements for reporters who do not have any changes from their prior year's submission, (2) revising the FR Y-6 to automate and add a standard template for reporting item three, securities holders, and item four, insiders, (3) revising the FR Y-6 and FR Y-7 instructions for how the organizational chart and the tiered structure information are reported, (4) revising the FR Y-7 instructions to require the top tier FBO to file for its subsidiary FBOs, (5) revising the FR Y-6 instructions for how branches of domestic depository institutions and Edge and agreement corporations are verified and reconciled, (6) revising the FR Y-7 instructions language requirements for submission of the annual report to shareholders, (7) revising the FR Y-10 definition of control in the Glossary section of the instructions, (8) revising the FR Y-10 instructions for the legal authority codes and terminology for unitary savings and loans holding company activities that meet the requirements of section 10(c)(9)(C) of the Home Owners' Loan Act (HOLA), (9) revising the FR Y-10 instructions to update descriptions for legal authority codes 14, 68 and 999, (10) revising the FR Y-10 reporting form to add an election to become a Covered Savings Association (CSA) as a reportable event, (11) revising the FR Y-10 instructions to remove savings associations from the definition of nonbanking company, (12) clarifying the FR Y-10 instructions for the definition of a head office location, (13) clarifying the FR Y-10 instructions for the state of incorporation for federally chartered entities, (14) revising the FR Y- 6 and the FR Y-10 instructions to add a requirement that respondents keep a record of the data submitted, and (15) making other minor clarifications and conforming edits to the FR Y-6, FR Y-7, and FR Y-10 forms and instructions. The comment period for this notice expired on July 8, 2022. The Board received comments from three commenters: two from trade associations and one from an individual banking organization. Board staff also conducted two follow-up calls with trade associations along with banking organizations to better understand their concerns and recommendations. The commenters generally supported the proposed revisions.","agencies":[{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2022/11/29/2022-26035.html","cfr_references":[],"citation":"87 FR 73304","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"The effective dates are as follows:","disposition_notes":null,"docket_ids":[],"dockets":[],"document_number":"2022-26035","effective_on":null,"end_page":73307,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2022/11/29/2022-26035.xml","html_url":"https://www.federalregister.gov/documents/2022/11/29/2022-26035/agency-information-collection-activities-announcement-of-board-approval-under-delegated-authority","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2022-26035?publication_date=2022-11-29","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2022-11-29/2022-26035/mods.xml","not_received_for_publication":null,"page_length":4,"page_views":{"count":1563,"last_updated":"2026-04-09 02:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2022-11-29/pdf/2022-26035.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2022-26035.pdf?1669650507","publication_date":"2022-11-29","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2022/11/29/2022-26035.txt","regulation_id_number_info":{},"regulation_id_numbers":[],"regulations_dot_gov_info":{"comments_count":0,"agency_id":"FRS","document_id":"FRS-2022-0330-0001","checked_regulationsdotgov_at":"2023-02-28T00:54:28Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":73304,"subtype":null,"title":"Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB","toc_doc":"Agency Information Collection Activities; Proposals, Submissions, and Approvals","toc_subject":null,"topics":[],"type":"Notice","volume":87}