This report collects basic financial data from a domestic bank holding company (BHC), a savings and loan holding company (SLHC), a U.S intermediate holding company (IHC) and a securities holding company (SHC) on a consolidated basis in the form of a balance sheet, an income statement, and detailed supporting schedules, including a schedule of off balance-sheet items.
Purpose: The information is used to assess and monitor the financial condition of holding company organizations, which may include parent, bank, and nonbank entities. The FR Y-9C is a primary analytical tool used to monitor financial institutions between on-site inspections. The form contains more schedules than any of the FR Y-9 series of reports and is the most widely requested and reviewed report at the holding company level.
The report was initiated as the FR Y-9 in 1978. In 1985, the report was revised to parallel the Reports of Condition and Income (Call Report) for commercial banks, and in June 1986, it was extensively revised and split into two reports: FR Y 9C (consolidated statements) and FR Y 9LP (parent-company-only statements). In September 1990, several schedules were added to allow the calculation of risk based capital measures. Inflation, industry consolidation, and normal asset growth of BHCs led to an increase in the asset-size threshold for filing the FR Y-9C from $150 million to $500 million, effective with the March 2006, report date. Respondent burden reduction initiatives led to the asset-sized threshold change from $500 million to $1 billion, and from $1 billion to $3 billion effective March 2015 and September 2018, 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.
This report is filed by 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. However, when such BHCs, SLHCs, IHCs or SHCs own or control, or are owned or controlled by, other BHCs, SLHCs, IHCs or SHCs, only top-tier holding companies must file this report for the consolidated holding company organization.
Quarterly, as of the last calendar day of the quarter.
Data are published in the <i>Federal Reserve Bulletin</i> and the Federal Reserve's <i>Uniform Bank Holding Company Performance Report</i> (BHCPR). With certain exceptions, microdata are considered public information and are available through the Board's Freedom of Information Office.