Parent Company Only Financial Statements for Large Holding Companies

Description: This report collects basic financial data from a domestic bank holding company (BHC), a savings and loan holding company (SLHC), Intermediate holding companies (IHCs) and a securities holding company (SHC) on a parent-only basis in the form of a balance sheet, an income statement, and supporting schedules relating to investments, cash flow, and certain memoranda items.

OMB: 7100-0128

Purpose: The information is used to assess and monitor the financial condition of parent holding companies.

Background: The report was initiated as the FR Y-9 in 1978. In 1985, the report was revised to parallel the Report of Condition and Income (Call Report) for commercial banks, and in June 1986, it was extensively revised and split into two reports: FR Y 9LP (parent-company-only statements) and FR Y 9C (consolidated statements). In September 1990, a cash flow statement was added to the FR Y-9LP. In keeping with the revisions to the filing criteria for the FR Y-9C, the asset-size threshold for filing the FR Y-9LP was increased from $150 million to $500 million, from $ 500 million to $1 billion, and from $1 billion to $ 3 billion effective with the March 2006, March 2015 and September 2018 report date, respectively. Consistent with the Call Report, the content and structure of this report are frequently revised in consideration of developments in the banking industry and changes in supervisory, regulatory, and analytical needs. This report is required under Regulation Y and the Bank Holding Company Act of 1956 as amended. 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 abolished the Office of Thrift Supervision (OTS) and transferred all former OTS authorities (including rulemaking) related to SLHCs to the Federal Reserve effective as of July 21, 2011. The Federal Reserve also became responsible for the consolidated supervision of SLHCs beginning July 21, 2011. During 2011, the Board finalized its proposal exempting a limited number of SLHCs from regulatory reporting using the Board's existing regulatory reports and providing a two year phase-in approach for regulatory reporting for all other SLHCs beginning March 31, 2012. Section 165 of the Dodd-Frank Act directs the Federal Reserve to establish enhanced prudential standards for bank holding companies (BHCs) and FBOs with total consolidated assets of $50 billion or more. On June 1, 2016, the Federal Reserve approved the proposal to require FBOs with total consolidated assets of $50 billion or more to establish a U.S. intermediate holding company (IHCs). Effective July 1, 2016, U.S. Intermediate Holding companies were required to file certain reports under the Federal Reserve's Regulation YY.

Respondent Panel: This report is filed by the parent company of large BHCs, SLHCs, IHCs and SHCs. For purposes of this report, large BHCs, SLHCs, IHCs and SHCs are BHCs, SLHCs, IHCs and SHCs with total consolidated assets of $3 billion or more. In addition, BHCs, SLHCs, IHCs and SHCs meeting certain criteria may be required to file this report regardless of size. When such BHCs, SLHCs, IHCs or SHCs are tiered holding companies, each of the subsidiary holding companies files separate reports.

Frequency: Quarterly, as of the last calendar day of the quarter.

Public Release: Data are published in the Federal Reserve Bulletin and the Federal Reserve's Uniform Bank Holding Company Performance Report (BHCPR). With certain exceptions, microdata are considered public information and are available through the Board's Freedom of Information Office.

Last Update: April 22, 2020