The FR Y-9CS is a supplemental report that may be utilized to collect additional information deemed to be critical and needed in an expedited manner from bank holding companies (BHCs) and savings and loan holding companies (SLHCs). The items of information included on the supplement may change as needed. In 2008, the supplement was used as a vehicle for one-time data collection for the Loss Data Collection Exercise (LDCE) related to operational risk under the Basel II Risk-Based Capital Framework and coordinated by the Bank for International Settlements in Basel, Switzerland.
Purpose: The information is used to assess and monitor emerging issues related to BHC and SLHC organizations. It is intended to supplement the FR Y-9 reports, which are used to monitor BHC and SLHCs between on-site inspections.
The FR Y-9 series of reports, initiated in 1978, are required under Regulation Y and the Bank Holding Company Act of 1956, as amended. In 1985, the reports were revised to parallel the Reports of Condition and Income (Call Report) for commercial banks. In June 1986, they were extensively revised to establish the current reporting framework for large and small bank holding companies. Several years ago, the FR Y-9CS supplement was implemented to capture information on emerging issues from bank holding companies in a timely manner. From March 2000 to December 2001, the supplement was used to collect information about new activities of financial holding companies, which are bank holding companies that are permitted to engage in expanded financial activities, per the Gramm-Leach-Bliley Act of 1999. As of March 2002, the collection of some of the information was moved to other reports (FR Y-9C, FR Y-9SP, FR Y-12, FR Y-10, and FR Y-10F). The remaining information was no longer needed, and that version of the FR Y-9CS supplement was discontinued. As of June 2008, the supplement was utilized to conduct a voluntary LDCE relating to operational risk. 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.
Respondents may include domestic BHCs, SLHCs, IHCs, and SHCs. For the supplement filed from March 31, 2000, to December 31, 2001, all financial holding companies filing the FR Y-9C or FR Y-9SP were required to complete the report. In a multi-tiered organization that included one or more financial holding companies, only the top-tier bank holding company was required to file the report. The panel for June 30, 2008, was open to banking organizations implementing an Advanced Measurement Approach to calculate operational risk capital under the Basel II Risk-Based Capital Framework.
FR Y-9C reporters file the supplement quarterly, as of the last calendar day of the quarter. FR Y-9SP reporters file the supplement semiannually, as of June 30 and December 31. The LDCE is a one-time effort to be completed by June 30, 2008.
The information collected on the FR Y-9CS supplemental report is subject to change as needed. Accordingly, although the FR Y-9CS report is generally treated as public, there are occasions where the information collected on the report is designated as confidential by the Board. For example, except for item 4, data submitted on the FR Y-9CS supplemental report for the periods ending from March 31, 2000, through December 31, 2001, was not published and was designated as confidential by the Board. In addition, all data and information collected through the LDCE in 2008, was also designated as confidential by the Board.