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    FED Updates Form and Instructions for FR Y-9C Reporting

    June 30, 2021

    FED updated reporting form and instructions, along with the associated supplemental instructions, for the information collection on consolidated financial statements for holding companies (FR Y-9C). The supplemental instructions highlight that there are twelve new report items effective this quarter on Schedule HC-R, Part I, Regulatory Capital, which implement the changes under the final rule on total loss-absorbing capacity (TLAC) for advanced approaches holding companies. In addition, there are instructional changes to certain existing line items in Part I and Part II of Schedule HC-R, Regulatory Capital, pertaining to TLAC.

    Other technical clarifications made to the FR Y-9C instruction include the following:

    • Schedule HI-B, Part II, Changes in Allowances for Credit Losses, item 6—Clarifications related to reporting the initial gross-up amount for the allowance for purchased credit deteriorated assets.
    • Schedule HC-S, Servicing, Securitization, and Asset Sale Activities, item 1—Updates for reporting of 1-4 family residential mortgages sold to a Federal Home Loan Bank through a Mortgage Partnership Finance Program.
    • Glossary entries for “Short Position” and “Trading Account”—updated to clarify the netting of certain long and short trading positions determined by an identical unique identifier for purposes of the FR Y-9C report and the reporting of certain trading revenue.
    • Glossary entry for “Goodwill”Updated for private company accounting alternatives for goodwill impairment.

     

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    Keywords: Americas, US, Banking, Reporting, FR Y-9C,  Regulatory Capital, TLAC, Securitization, Supplemental Instructions, Basel, FED

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