FR2082_20250417_omb

Supporting Statement for the
Registration of a Securities Holding Company
(FR 2082; OMB No. 7100-0347)
Summary
The Board of Governors of the Federal Reserve System (Board), under authority
delegated by the Office of Management and Budget (OMB), has extended for three years,
without revision, the Registration of a Securities Holding Company (FR 2082; OMB No.
7100-0347). The FR 2082 registration form is used whenever a securities holding company
(SHC) elects to register to become subject to supervision by the Board pursuant to section 618 of
the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).1
The estimated total annual burden for the FR 2082 is 8 hours. The form and instructions
are available on the Board’s public website at
https://www.federalreserve.gov/apps/reportingforms.
Background and Justification
As defined in the Dodd-Frank Act, an SHC is a nonbank company that owns at least one
registered securities broker or dealer and meets certain other criteria.2 Pursuant to section 618 of
the Dodd-Frank Act, an SHC that is required by a foreign regulator or a provision of foreign law
to be subject to comprehensive consolidated supervision may register to be supervised by the
Board, thereby becoming a supervised SHC.
Under section 618 of the Dodd-Frank Act, an SHC that elects to register to become a
supervised SHC must submit a registration form that includes such information and documents
the Board, by regulation, deems necessary or appropriate.3 In 2012, the Board promulgated
Regulation OO - Securities Holding Companies (12 CFR Part 241) to implement section 618 of
the Dodd-Frank Act,4 and created the FR 2082 as the required form for registration to become a
supervised SHC.
The information collected by the FR 2082 registration form is used by the Federal
Reserve System to determine whether the registrant meets the requirements to become a
supervised SHC and to complete the registration. Without the FR 2082, non-bank parent holding
companies of broker dealers would not have a mechanism to become a board supervised SHC,
should such holding companies desire to do so pursuant to section 618 of the Dodd-Frank Act
This information is not available from other sources.

1

See Dodd-Frank Act section 618, 12 U.S.C. § 1850a.
See 12 U.S.C. § 1850a(a)(4).
3
12 U.S.C. § 1850a(b)(2)(A).
4
See 77 FR 32881 (June 4, 2012).
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Description of Information Collection
Section 241.3(a)(1) of Regulation OO requires an SHC that elects to register to become a
supervised SHC to file the appropriate registration form with the responsible Federal Reserve
Bank. The FR 2082 requests the following from the registering SHC: an organization chart
(including all subsidiaries); information regarding certain of the SHC’s subsidiaries; shareholder
reports and financial statements; information regarding the SHC’s shareholders, senior officers
and directors; information regarding the methods used by the SHC to monitor and control its
operations; information regarding the SHC’s foreign subsidiaries that are subject to
comprehensive consolidated supervision and the regulatory system in which these foreign
subsidiaries operate; and information regarding any other regulatory capital framework to which
the SHC is subject. The information collected by the FR 2082 registration form is used by the
Federal Reserve System to determine whether the registrant meets the requirements to become a
supervised SHC and to complete the registration. Submissions can be made to the Federal
Reserve System in electronic or paper format.
Respondent Panel
The FR 2082 panel comprises certain nonbank companies that own at least one registered
securities broker or dealer and elect to become a supervised SHC.5
Frequency and Time Schedule
Filing the FR 2082 is event-generated. The FR 2082 form is filed on a one-time basis
when an SHC elects to register as a supervised SHC. The registration becomes effective 45
calendar days after the date the Board receives all required information, or within such shorter
period if the Board notifies the SHC in writing.
Public Availability of Data
The Board does not routinely publicly release information collected through the FR 2082.
Legal Status
The FR 2082 is authorized by section 618(b)(2)(A) of the Dodd-Frank Act, which
requires companies that elect SHC status to register by filing with the Board such information
and documents as the Board, by regulation, may prescribe (12 U.S.C. § 1850a(b)(2)(A)).
Submission of the FR 2082 is required for an eligible company to obtain the benefit of
supervised SHC status.
The information provided on the FR 2082 form and in connection with an SHC’s
registration is generally not treated as confidential. Firms may request certain information
provided in connection with the FR 2082 be kept confidential under exemptions of the Freedom
of Information Act (FOIA) in accordance with the Board’s Rules Regarding Availability of

5

See 12 CFR 241.2(a)(2) for a list of the types of companies that are not considered SHCs.

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Information.6 Confidential commercial or financial information that is both customarily and
actually treated as private by a registrant may be kept confidential under FOIA exemption 4
(12 U.S.C. § 552(b)(4)). Personal and biographical information of individuals required as part of
the registration may be treated as confidential under FOIA exemption 6 if its disclosure “would
constitute a clearly unwarranted invasion of personal privacy” (12 U.S.C. § 552(b)(6)).
Consultation Outside the Agency
There has been no consultation outside the Federal Reserve System.
Public Comments
On November 15, 2024, the Board published an initial notice in the Federal Register (89
FR 90287) requesting public comment for 60 days on the extension, without revision, of the
FR 2082. The comment period for this notice expired on January 14, 2025. The Board did not
receive any comments. The Board adopted the extension, without revision, of the FR 2082 as
originally proposed. On April 2, 2025, the Board published a final notice in the Federal Register
(90 FR 14441).
Estimate of Respondent Burden
As shown in the table below, the estimated total annual burden for the FR 2082 is 8
hours. In the past three years, the Board has received no FR 2082 filings. Because most SHCs
have already registered as supervised SHCs, have become bank holding companies, or are no
longer operating, the Board expects that few, if any, SHCs will file the FR 2082 in the next three
years.7 To capture the burden associated with potential new SHCs that may elect to register as
supervised SHCs, the Board estimates that one SHC will file the FR 2082 registration form each
year. The burden estimate was produced using the standard Board burden calculation
methodology. These reporting requirements represent less than 1 percent of the Board’s total
paperwork burden.

FR 2082
Section 241.3(a)(1)

Estimated
number of
respondents8
1

Estimated
Estimated
Estimated
annual
average hours annual burden
frequency per response
hours
1

6

8

8

12 CFR 261.17.
As discussed above, the Dodd-Frank Act requires that the Board permit SHCs to register as supervised SHCs.
Therefore, the Board is required to maintain a collection of information relating to SHC registration, even if no
SHCs are expected to register.
8
Of these respondents, none are considered small entities as defined by the Small Business Administration (i.e.,
entities with less than $850 million in total assets). Size standards effective March 17, 2023. See
https://www.sba.gov/document/support-table-size-standards.
7

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The estimated total annual cost to the public for the FR 2082 is $577.9
Sensitive Questions
This information collection contains no questions of a sensitive nature, as defined by
OMB guidelines.
Estimate of Cost to the Federal Reserve System
The estimated cost to the Federal Reserve System for collecting and processing this
report is negligible.

9

Total cost to the responding public is estimated using the following formula: total burden hours, multiplied by the
cost of staffing, where the cost of staffing is calculated as a percent of time for each occupational group multiplied
by the group’s hourly rate and then summed (30% Office & Administrative Support at $24, 45% Financial
Managers at $87, 15% Lawyers at $88, and 10% Chief Executives at $126). Hourly rates for each occupational
group are the (rounded) mean hourly wages from the Bureau of Labor Statistics (BLS), Occupational Employment
and Wages, May 2024, published April 2, 2025, https://www.bls.gov/news.release/ocwage.t01.htm. Occupations are
defined using the BLS Standard Occupational Classification System, https://www.bls.gov/soc/.

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