Parent Company Only Financial Statements for Small Holding Companies

Description: This report collects basic financial data from small domestic bank holding companies (BHCs) and savings and loan holding companies (SLHCs), and securities holding companies (SHCs) on a parent-only basis in the form of a balance sheet, an income statement, and a schedule for certain memoranda items.

OMB: 7100-0128

Purpose: The information is used to assess and monitor the financial condition of parent BHCs, SLHCs, and SHCs.

Background: The report was initiated as form FR 2352 in 1985 in conjunction with other changes to the FR Y-9 report. When the FR Y-9 was split into the FR Y9C (consolidated) and the FR Y-9LP (parent only) for large BHCs in June 1986, the FR 2352 was extensively revised and renamed the FR Y 9SP. In keeping with the FR Y-9C and FR Y-9LP reporting requirements, the asset-size threshold for filing the FR Y-9SP 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. On July 20, 2012, the Board implemented section 618 of the Dodd-Frank Act. Section 618 permits a company that owns at least one registered securities or broker dealer, and that is required by a foreign regulator or provision of foreign law to be subject to comprehensive consolidated supervision, to register with the Board as a SHC and become subject to full examination, supervision, and enforcement regime applicable to a registered bank holding company including capital requirements set by the Board. As a result, effective December 31, 2012, SHCs that met the FR Y-9SP reporting criteria were required to submit the FR Y-9SP.

Respondent Panel: This report is filed by small BHCs, SLHCs, and SHCs. For purposes of this report, small BHCs, SLHCs, and SHCs are BHCs, SLHCs, and SHCs with total consolidated assets of less than $3 billion, except BHCs, SLHCs, and SHCs meeting certain criteria that may be required to file the Consolidated Financial Statements for Bank Holding Companies (FR Y 9C). When such BHCs, SLHCs, SHCs are tiered BHCs, SLHCs, and SHCs each of the subsidiary BHCs, SLHCs, SHCs file separate reports.

Frequency: Semiannually, as of the last calendar day of June and December.

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: March 28, 2022