FED Proposes to Revise and Extend Form FR Y-9C for Three Years

FED is proposing a number of revisions to the FR Y-9C requirements, most of which are consistent with the proposed changes to the FFIEC 031, FFIEC 041, and FFIEC 051 Call Reports. The proposed revisions to FR Y-9C include deletion of certain data items, consolidation of existing data items into new data items, and addition of new, or raising existing, reporting thresholds for certain data items to reduce reporting burden. The proposed changes resulted from an extensive analysis of the uses of Call Report data, which is generally aggregated on the FR Y-9C report, to include a series of nine surveys conducted over a 19-month period that began in mid-July 2015 and ended in mid-February 2017. Based on the user survey results, FED identified data items to be considered for removal and new, or revised, reporting thresholds to reduce burden. FED believes that consistent changes should be made to the FR Y-9C to ensure that burden reductions are fully realized. 

Related Links

• Federal Register Notice
• Draft Form FR Y-9C (PDF)
• Draft Instructions for FR Y-9C (PDF)
• Reporting Form Updates

Comment Due Date: June 29, 2018

Effective Date: June 30, 2018

Keywords: Americas, US, Banking, Reporting, FR Y-9C, Dodd Frank Act, FED