Capital and Asset Report for Foreign Banking Organizations
The FR Y-7Q report collects consolidated regulatory capital information from all foreign banking organizations (FBOs) either quarterly or annually. FBOs that have effectively elected to become financial holding companies (FHCs) are required to report the FR Y-7Q on a quarterly basis. All other FBOs (those that have not elected to become FHCs) are required to report the FR Y-7Q annually.
Purpose: The Federal Reserve uses this information to assess the FBO's ability to be a continuing source of strength to its U.S. banking operations and to determine compliance with U.S. laws and regulations. This information is not available comprehensively from any other source.
Prior to December 2002, similar information was collected as part of the FR Y-7, Annual Report of FBOs. In December 2002, the risk-based capital information was revised and moved from the FR Y-7 to the FR Y-7Q.
The panel consists of all FBOs that are organized under the laws of a foreign country and that are engaged in the business of banking in the United States through subsidiary banks, Edge or agreement corporations, subsidiary commercial lending companies, or their own branches or agencies. These are mandatory reports.
Quarterly or annually, as of close of business the last calendar day of the quarter or the FBO's fiscal quarter. Data are due ninety calendar days after the report date.
The completed version of this report generally is available to the public upon request on an individual basis 120 days after the quarterly or annual as-of dates. However, a reporting FBO may request confidential treatment. Data from the FR Y-7Q are not published.
Last Update: January 11, 2021