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    FED Updates FR Y-9C Form and Instructions, Proposes to Extend FR 2510

    October 18, 2021

    The Board of Governors of the Federal Reserve System (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). Additionally, FED is seeking comments on a proposal to extend for three years, without revision, the Report of Institution-to-Aggregate Granular Data on Assets and Liabilities on an Immediate Counterparty Basis (FR 2510). Comments must be submitted by December 17, 2021. FED also published a supporting statement for FR 2510.

    The proposed FR 2510 would collect

    • granular exposure data on the assets, liabilities, and off-balance sheet holdings of bank holding companies headquartered in the United States that are global systemically important bank holding companies (G-SIBs), providing breakdowns by instrument, currency, maturity, and sector.
    • data covering the detailed positions for each respondent’s top 35 countries of exposure, broken down by instrument and counterparty sector, subject to a USD 2 billion minimum threshold for country exposure, on an immediate-counterparty basis, as reported in the consolidated Country Exposure Report (FFIEC 009).
    • information on financial derivatives by instrument type and foreign exchange derivatives by currency and would support a more complete balance sheet analysis regarding common or correlated exposures and funding dependencies by providing more information about U.S. G-SIBs’ consolidated exposures and funding positions to different countries according to instrument, counterparty sector, currency, and remaining maturity.

     

    Related Links

    Comment Due Date: December 17, 2021

    Keywords: Americas, US, Banking, Reporting, FR Y-9C, Regulatory Capital, Supplemental Instructions, Basel, FR 2510, G-SIB, FED 

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