The FR H-(b)11 report collects filings with the Securities and Exchange Commission, reports provided by the nationally recognized statistical rating organizations and securities analysts, supplemental information for select questions from the Quarterly Savings and Loan Holding Company Report (FR 2320), financial statements, and other materially important events and exhibits.
Purpose: The information is used by the Federal Reserve to analyze the overall financial condition of savings and loan holding companies (SLHCs) to ensure safe and sound operations. The information is also used to assess the SLHC's ability to be a continuing source of strength to its savings association operations and in determining whether an institution is in compliance with applicable laws and regulations.
The Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) was enacted into law on July 21, 2010. Title III of the Dodd-Frank Act transferred all former Office of Thrift Supervision (OTS) authorities (including rulemaking) related to SLHCs and their non-depository subsidiaries to the Board of Governors of the Federal Reserve System (Board) on July 21, 2011. Consequently, the Federal Reserve became responsible for the consolidated supervision of SLHCs beginning July 21, 2011. On September 9, 2011, a joint notice was published in the Federal Register which set out the list of the OTS's information collections that were transferred to either the OCC or the Board. Among the information collections transferred to the Board was the Savings Association Holding Company Report (H-(b)11) as known as the Annual/Current Report. In connection with this transfer, the Board proposed for public comment and subsequently adopted regulatory reporting requirements for SLHCs. As proposed, SLHCs would continue to submit the OTS Form H-(b)11 through the December 31, 2011, reporting period using the OTS's existing processing system - Electronic Filing System (EFS). However, effective March 31, 2012, all SLHCs will begin filing their FR H-(b)11 report using the Federal Reserve System's internet facility system - Internet Electronic Submission (IESUB). On October 8, 2013, the Federal Reserve published in the Federal Register a notice to revise the FR H-(b)11 respondent panel to include only exempt SLHCs as defined in 76 FR 81933. The majority of SLHCs file Federal Reserve regulatory reports; therefore the FR H-(b)11 is no longer needed from these SLHCs for supervision purposes. The panel change became effective September 30, 2013.
The FR H-(b)11 is filed by exempt SLHCs and is generally filed by the top-tier SLHC. For a multi-tier SLHC, the top-tier SLHC may file combined reports, however, the required information for each SLHC must be provided. If a combined report is filed, the name and address for each SLHC included in the combined report must be listed separately. In addition, each SLHC should execute a separate certification.
Quarterly, 45 days of the end of each quarter (except the fourth quarter of the SLHC's fiscal year); annually, 90 days of the end of the SLHC's fiscal year; and when there has been a material change in any of the information reported.
Individual respondent data are available to the public upon request through the appropriate Federal Reserve Bank. Under certain circumstances, however, respondents may request confidential treatment. Data from the FR H-(b)11 are not published.