FR Y-9C Instructions: A Comprehensive Overview (Updated 12/24/2025)
Today‚ December 24‚ 2025‚ these instructions detail filing requirements for holding companies with $3 billion+ in assets‚
and those meeting specific criteria‚ regardless of size‚ utilizing electronic submission via Reporting Central.
What is the FR Y-9C Report?
The FR Y-9C report is a crucial regulatory filing‚ formally known as the Consolidated Financial Statements for Holding Companies. It’s designed to collect fundamental financial data from a diverse range of entities‚ including domestic bank holding companies (BHCs)‚ savings and loan holding companies (SLHCs)‚ U.S. intermediate holding companies (IHCs)‚ and securities holding companies (SHCs).
This data is reported on a consolidated basis‚ providing a comprehensive view of the financial health and activities of these organizations. The report’s scope encompasses basic financial information‚ offering regulators insights into the stability and risk profiles of the holding company structures. It’s a key component of the Federal Reserve’s supervisory framework‚ ensuring oversight and promoting a sound financial system. The current form is available as a 1.5 MB PDF‚ with detailed instructions in a 4.0 MB PDF.
Who Must File the FR Y-9C?
Generally‚ holding companies with total consolidated assets of $3 billion or more are required to file the FR Y-9C report. However‚ the filing obligation isn’t solely based on asset size. Certain holding companies may be required to file regardless of their asset level‚ if they meet specific regulatory criteria outlined in 12 CFR 252.153(b)(2).
Furthermore‚ the reporting requirement extends to situations involving complex ownership structures. If a holding company is owned or controls‚ or is owned or controlled by‚ other entities‚ it may still be subject to filing. Detailed information regarding these specific criteria can be found on page 1 of the general instructions. Compliance is essential for maintaining a positive regulatory standing.
Consolidated Assets Threshold
The primary determinant for FR Y-9C filing is a holding company’s consolidated assets. A threshold of $3 billion or more triggers the reporting obligation. This figure represents the total assets held by the holding company and its subsidiaries‚ calculated on a consolidated basis. It’s crucial to accurately determine this amount‚ as it directly impacts filing requirements.
However‚ it’s important to remember that exceeding this asset threshold isn’t the only condition for filing. As detailed in the general instructions‚ certain holding companies may be required to submit the FR Y-9C even if their consolidated assets fall below this level. These exceptions are based on specific ownership and control structures‚ necessitating a thorough review of the applicable regulations.
Filing Requirements Based on Criteria
Beyond the $3 billion asset threshold‚ specific criteria dictate FR Y-9C filing obligations. Holding companies that are owned or control‚ or are themselves owned or controlled by‚ other entities may be required to file‚ irrespective of their asset size. This interconnectedness necessitates careful evaluation of ownership structures.
These requirements stem from regulatory oversight aimed at comprehensively monitoring the financial health of the banking system. The instructions emphasize consulting page 1 of the general instructions for detailed information regarding these specific scenarios. Understanding these nuances is vital for ensuring compliance and avoiding potential penalties. Accurate determination of control and ownership is paramount for correct filing.
Report Components and Schedules
The FR Y-9C utilizes Schedule HI for detailed financial reporting‚ including Line Item 7(d) for noninterest expenses and Memoranda Items M7(a-p) for disclosures.
Schedule HI: Detailed Breakdown
Schedule HI of the FR Y-9C report is central to providing a comprehensive overview of a holding company’s financial position. It meticulously details income statement items‚ allowing regulators to assess performance and risk. This schedule requires a granular breakdown of various expense categories‚ ensuring transparency and accuracy in reporting.
Specifically‚ it focuses on detailing noninterest income and expense‚ providing a clear picture of revenue streams beyond traditional interest-bearing activities. A significant portion of Schedule HI is dedicated to outlining noninterest expense‚ which is further dissected in subsequent memoranda items. Holding companies must carefully categorize and report each component of their expenses‚ adhering to the specific guidelines outlined in the official instructions.
The schedule’s structure is designed to facilitate comparative analysis‚ enabling regulators to identify trends and potential concerns within the financial holding company sector. Accurate completion of Schedule HI is paramount for maintaining regulatory compliance and fostering a stable financial system.
Line Item 7(d): Other Noninterest Expense
Line Item 7(d)‚ “Other Noninterest Expense‚” within Schedule HI of the FR Y-9C‚ captures a broad spectrum of operating costs not directly tied to interest-earning activities. This includes expenses like legal fees‚ professional services‚ marketing‚ and other administrative costs. Accurate categorization here is crucial‚ as it forms the basis for detailed disclosures required in the accompanying memoranda items.
Reporting institutions must meticulously track and aggregate these expenses‚ ensuring they are not duplicated elsewhere on the report. Non-recurring expenses‚ such as those related to mergers or restructurings‚ are specifically reported within this line item‚ requiring clear identification and documentation.
The total amount reported in Line Item 7(d) directly impacts the disclosure thresholds for memoranda items M7(a) through M7(p)‚ necessitating precise calculation and adherence to the reporting guidelines. Proper completion of this line item is vital for a comprehensive financial picture.
Memoranda Items M7(a) through M7(p)
Memoranda Items M7(a) through M7(p) within the FR Y-9C demand granular detail regarding the components of “Other Noninterest Expense” (Schedule HI‚ Line Item 7(d)). Holding companies are obligated to disclose each individual component exceeding $100‚000 and representing more than 7 percent of the total “Other Noninterest Expense”.
These memoranda provide regulators with a deeper understanding of a holding company’s cost structure and potential risk areas. Examples of components requiring separate disclosure include‚ but aren’t limited to‚ consulting fees‚ technology expenses‚ and specific regulatory costs.
Accurate and complete reporting of these items is paramount‚ as they contribute to supervisory analysis and potential examination focus. Failure to meet the disclosure thresholds or provide sufficient detail can result in inquiries from the Federal Reserve.
Disclosure Thresholds for Memoranda Items
Disclosure of components within Schedule HI‚ Line Item 7(d) – Other Noninterest Expense – is triggered by two key thresholds outlined in the FR Y-9C instructions. Firstly‚ the individual component’s dollar amount must surpass $100‚000. Secondly‚ it must exceed 7 percent of the total “Other Noninterest Expense” reported. Both conditions must be met for disclosure to be required.
These thresholds are designed to focus reporting efforts on material expense items‚ streamlining the review process for regulators. Components falling below both thresholds are not individually disclosed but are included in the aggregate “Other Noninterest Expense” figure.
Holding companies must carefully assess each expense component against these criteria to ensure accurate and compliant reporting‚ avoiding potential regulatory scrutiny. Consistent application of these thresholds is crucial.
Submission Process
Holding companies must submit FR Y-9 reports – including the Y-9C – electronically‚ maintaining signed printouts for their files‚ utilizing supplied forms.
Electronic Submission Mandate
Holding companies filing the FR Y-9 reports – encompassing the FR Y-9C‚ FR Y-9LP‚ and FR Y-9SP – are unequivocally required to submit each report through electronic channels. This mandate ensures efficiency and standardization in the reporting process‚ facilitating streamlined data collection and analysis by regulatory bodies.
The electronic submission process is facilitated through Reporting Central‚ a secure platform designed for confidential data transmission. Manual submissions are no longer accepted‚ reinforcing the commitment to a fully digitized reporting system.
It is crucial to adhere to the specified file formats and protocols outlined in the accompanying documentation to guarantee successful data upload and validation. Detailed guidance on creating compatible files from spreadsheets is readily available to assist reporting institutions in meeting these requirements.
Maintaining Signed Printouts
Despite the electronic submission mandate for FR Y-9 reports – including the FR Y-9C‚ FR Y-9LP‚ and FR Y-9SP – holding companies are still obligated to maintain meticulously documented records. Specifically‚ a manually signed and attested printout of the submitted data must be retained within the company’s files.
This requirement serves as a crucial internal control measure‚ providing a verifiable record of the reported information. The cover page of the Reserve Bank supplied report forms is specifically designated for fulfilling this signature and attestation requirement‚ ensuring proper authentication.
These signed printouts should be securely stored and readily accessible for potential regulatory review or internal audit purposes‚ demonstrating compliance and transparency in financial reporting practices. Proper record-keeping is paramount for maintaining accountability.
Utilizing Reserve Bank Supplied Report Forms
Holding companies fulfilling the signature and attestation requirements for the FR Y-9 reports – encompassing the FR Y-9C‚ FR Y-9LP‚ and FR Y-9SP – are directed to employ the Reserve Bank supplied report forms. These forms are specifically designed to facilitate the necessary documentation process‚ ensuring adherence to regulatory standards.
The cover page of these supplied forms is designated as the official location for manual signatures and attestations‚ confirming the accuracy and validity of the submitted data. Utilizing these pre-defined forms streamlines the process and minimizes potential discrepancies.
By adhering to this protocol‚ holding companies demonstrate a commitment to regulatory compliance and maintain a clear audit trail‚ bolstering the integrity of their financial reporting. Proper form utilization is a key component of a successful submission.
Data Upload File Format
FR Y-9C data must be submitted via Reporting Central‚ utilizing a specific file format created from spreadsheets‚
employing formulas to accurately pull required information.
Reporting Central Submission
Holding companies are mandated to submit their FR Y-9 reports – encompassing the FR Y-9C‚ FR Y-9LP‚ and FR Y-9SP – exclusively through electronic means‚ specifically via the Reporting Central platform. This centralized system streamlines the reporting process and ensures data integrity.
To facilitate a smooth submission‚ institutions must adhere to the prescribed file format‚ which can be generated directly from spreadsheet software. The Reporting Central system provides detailed guidance on acceptable file types and structures.
It is crucial to note that a manually signed and attested printout of the submitted data must be retained within the holding company’s files for record-keeping and audit purposes. This printout serves as official documentation of the reported information. The cover page of the Reserve Bank supplied report forms fulfills the signature and attestation requirement.
Creating Files from Spreadsheets
The FR Y-9C data upload file can be efficiently created directly from commonly used spreadsheet programs. This method offers flexibility and control over data preparation before submission through Reporting Central. Institutions should carefully review the specified file format requirements detailed in the official instructions to ensure compatibility.
Utilizing formulas within the spreadsheet is highly recommended to automate data population and minimize manual errors. These formulas should accurately reflect the data points required by the FR Y-9C report‚ ensuring consistency and accuracy.
Once the spreadsheet is populated and validated‚ it must be saved in the designated file format for upload to Reporting Central. Thoroughly review the generated file to confirm data integrity before final submission‚ adhering to all regulatory guidelines.
Key Areas of Focus in the FR Y-9C
Schedule HI‚ Line Item 7(d) requires detailed reporting of non-recurring expenses‚ with Memoranda Items M7(a-p) disclosing components exceeding $100‚000 and 7%.
Non-Recurring Expenses Reporting
The FR Y-9C report places significant emphasis on the accurate reporting of non-recurring expenses within Schedule HI‚ specifically under Line Item 7(d)‚ categorized as “Other noninterest expense.” These expenses‚ by their nature‚ are infrequent and unusual‚ differing from the typical operational costs of a holding company.
Holding companies are obligated to meticulously identify and disclose each component of these non-recurring expenses. This disclosure isn’t blanket; rather‚ it’s triggered by specific thresholds. Specifically‚ each component must exceed $100‚000 and represent more than 7 percent of the total “Other noninterest expense” reported.
Detailed reporting is achieved through Memoranda Items M7(a) through M7(p)‚ where the dollar amount of each qualifying component must be clearly stated. This granular level of detail allows regulators to gain a comprehensive understanding of the factors influencing a holding company’s financial performance and risk profile‚ ensuring transparency and accountability.
Components of Other Noninterest Expense
Schedule HI‚ Line Item 7(d) – “Other noninterest expense” – encompasses a broad range of costs not directly tied to interest income. This category requires careful categorization by holding companies filing the FR Y-9C report. Understanding its components is crucial for accurate financial reporting and regulatory compliance.
Examples of expenses frequently included are legal fees (excluding those related to lending)‚ professional services like consulting‚ and losses from the sale of assets. However‚ the specific composition can vary significantly depending on the holding company’s activities and structure.
As outlined in 12 CFR 252.153(b)(2)‚ detailed breakdowns of significant components – those exceeding $100‚000 and 7% of total “Other noninterest expense” – must be disclosed via Memoranda Items M7(a) through M7(p). This granular reporting provides regulators with a clear view of expense drivers.
Understanding Holding Company Structures
The FR Y-9C report necessitates a thorough understanding of holding company structures‚ as reporting is conducted on a consolidated basis. This means all subsidiaries and controlled entities are included in the financial data submitted. Complex structures‚ involving multiple tiers of ownership or control‚ require meticulous attention to detail.
Specifically‚ the instructions address scenarios where holding companies are either owners or controlled entities themselves. If a holding company is controlled by another entity‚ the reporting requirements may shift or necessitate additional disclosures. Similarly‚ if a holding company controls other entities‚ their financial data must be fully integrated into the FR Y-9C submission.
Accurate identification of all entities within the consolidated group is paramount for compliance. Failure to properly account for all controlled entities can lead to inaccurate reporting and potential regulatory scrutiny.
Accessing Forms and Instructions
Current FR Y-9C forms and instructions‚ available as PDF documents (1.5MB & 4.0MB respectively)‚ detail data collection for BHCs‚ SLHCs‚ IHCs‚ and SHCs.
Current FR Y-9C Form (PDF)
The current FR Y-9C Consolidated Financial Statements for Holding Companies form is readily accessible as a PDF document‚ currently sized at 1.5 MB. This crucial document serves as the standardized template for reporting comprehensive financial data from domestic bank holding companies (BHCs)‚ savings and loan holding companies (SLHCs)‚ U.S. intermediate holding companies (IHCs)‚ and securities holding companies (SHCs).
Holding companies utilize this form to submit consolidated financial information‚ providing regulators with a clear overview of their financial health and stability. The PDF format ensures consistent presentation and facilitates efficient review by the Federal Reserve. It’s designed for accurate data submission‚ covering a wide range of financial metrics essential for regulatory oversight and systemic risk assessment. Download and careful review of this form are paramount for compliant reporting.
Current FR Y-9C Instructions (PDF)
The comprehensive instructions for completing the FR Y-9C report are available as a detailed PDF document‚ currently totaling 4.0 MB. These instructions are vital for ensuring accurate and compliant reporting of consolidated financial data by bank holding companies‚ savings and loan holding companies‚ U.S. intermediate holding companies‚ and securities holding companies.
This document provides a thorough explanation of each line item‚ schedule‚ and memorandum within the FR Y-9C form. It clarifies reporting requirements‚ definitions‚ and acceptable methodologies. Careful adherence to these instructions is crucial to avoid errors and potential regulatory scrutiny. The PDF format allows for easy navigation and detailed review‚ ensuring all reporting entities fully understand their obligations and can submit accurate‚ reliable financial information.
Report Description and Scope
The FR Y-9C – Consolidated Financial Statements for Holding Companies – is a crucial regulatory report collecting fundamental financial data. It’s submitted by a diverse range of entities including domestic bank holding companies (BHCs)‚ savings and loan holding companies (SLHCs)‚ U.S. intermediate holding companies (IHCs)‚ and securities holding companies (SHCs). Data is reported on a consolidated basis‚ providing a comprehensive view of the holding company’s financial position.
The report’s scope encompasses a standardized set of financial schedules and memoranda‚ designed to assess the financial health and stability of these organizations. This information aids the Federal Reserve in monitoring systemic risk and ensuring the safety and soundness of the financial system. Accurate and timely submission is paramount for effective regulatory oversight and informed decision-making.