FED Publishes OMB Supporting Statement for Form FR Y-9C

By Regulatory News

August 08, 2018

Among the FED information collections that have been under review, FED posted the final OMB supporting statement for the FR Y-9 family of reports on financial statements for holding companies. The FR Y-9 family of reports includes the reporting form FR Y-9C on the consolidated financial statements for holding companies. FED, under the delegated authority from OMB, has extended for three years, with revision, the form FR Y-9C. The revisions would be effective beginning with the reports reflecting the June 30, 2018 reporting date.

FED has adopted a number of revisions to the FR Y-9C, which are consistent with proposed changes to the FFIEC 031, FFIEC 041, and FFIEC 051 Call Reports. The revisions to the FR Y-9C include deleting certain data items, consolidating existing data items into new data items, and adding new, or raising existing, reporting thresholds for certain data items.

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

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