FED Proposes Revisions to Multiple Reporting Forms in August 2017
FED is inviting comments on a proposal to extend, with revision, the mandatory Banking Organization Systemic Risk Report (FR Y-15). Comments must be submitted on or before October 23, 2017. FED also proposed rulemaking and draft instructions for several reporting forms. These reporting forms are Consolidated Reports of Condition and Income for a Bank with Domestic and Foreign Offices (FFIEC 031), Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only (FFIEC 041), Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only and Total Assets Less than USD 1 Billion (FFIEC 051), Consolidated Financial Statements for Holding Companies (FR Y-9C), and Capital Assessments and Stress Testing Reports (FR Y-14A and FR Y-14Q).
Among the FED information collections that have been under review, the supplemental information for Capital Assessments and Stress Testing (FR Y-14A) have been updated. The reporting frequency of the agency form number FR Y-15 is said to be quarterly. The respondents for FY Y-15 include U.S. bank holding companies, covered savings and loan holding companies, and U.S. intermediate holding companies of foreign banking organizations with USD 50 billion or more of total consolidated assets, along with any bank holding company designated as a global systemically important bank holding company that does not otherwise meet the consolidated assets threshold for bank holding companies.
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Comment Due Date: October 23, 2017
Keywords: Americas, United States of America, Banking, Accounting, Reporting, Systemic Risk, Stress Testing, FED
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