FED published the updated form and supplemental instructions for FR Y-9C reporting, with effect from September 2019. Also updated were the supplemental instructions for forms FR Y-9LP and FR Y-9SP. The reporting frequency for FR Y-9C is quarterly.
The FR Y-9C report collects basic financial data from a domestic bank holding company, a savings and loan holding company, a U.S intermediate holding company, and a securities holding company on a consolidated basis in the form of a balance sheet, an income statement, and detailed supporting schedules, including a schedule of off balance-sheet items. The information is used to assess and monitor the financial condition of holding company organizations, which may include parent, bank, and nonbank entities. Each holding company that files the FR Y-9C must submit the FR Y-9LP for its parent company. FR Y-9C is required to be submitted as of March 31, June 30, September 30, and December 31. The submission date for holding companies is 40 calendar days after the March 31, June 30, and September 30 as of dates, unless that day falls on a weekend or holiday (subject to timely filing provisions). The submission date for holding companies is 45 calendar days after the December 31 as of date.
Keywords: Americas, US, Banking, Reporting, FR Y-9C, FED
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PRA published a "Dear CEO" letter from Sam Woods, its Deputy Governor and CEO, to update the March guidance on treatment of COVID-19-related payment deferrals under IFRS 9 and the Capital Requirements Regulation (CRR).
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ESMA published a consultation paper on guidelines on outsourcing to cloud service providers.
EBA announced that it will release the bank-by-bank data of the Spring 2020 EU-wide transparency exercise on Monday, June 8.
PRA issued a statement confirming that firms may use electronic signatures for submission of forms and other regulatory documents, although in specific instances PRA may request a "wet signature" where it is appropriate to do so.
EBA published the guidelines and templates for reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis.
FCA updated its guidance confirming the support firms should give to mortgage customers that are either coming to the end of a payment holiday or are yet to request one.
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APRA published a frequently asked question (FAQ) providing guidance to all APRA-regulated entities in determining their requirements under the prudential standard CPS 226 on margins and risk mitigation for non-centrally cleared derivatives.
EBA published a consultation paper on the draft amended regulatory technical standards on own funds and eligible liabilities.