The FR Y-9 family of reports
historically has been, and continues to be, the primary source of
financial information on BHCs between on-site inspections.
Financial information from these reports is used to detect emerging
financial problems, to review performance and conduct
pre-inspection analysis, to monitor and evaluate capital adequacy,
to evaluate BHC mergers and acquisitions, and to analyze a BHC's
overall financial condition to ensure safe and sound
operations.
US Code:
12
USC 1844(c) Name of Law: Bank Holding Company Act
The Federal Reserve proposes
the following revisions to the FR Y-9C effective March 31, 2009:
(1) new data items and revisions to existing data items on trading
assets and liabilities, (2) new data items associated with the U.S.
Department of the Treasury (Treasury) Capital Purchase Program
(CPP) (3) new data items and revisions to existing data items on
regulatory capital requirements, (4) new data items providing
information on held-for-investment loans and leases acquired in
business combinations, (5) new data items and revisions to several
data items applicable to noncontrolling (minority) interests in
consolidated subsidiaries, (6) clarification of the definition of
loans secured by real estate, (7) clarification of the instructions
for reporting unused commitments, (8) exemptions from reporting
certain existing data items for BHCs with less than $1 billion in
total assets, and (9) instructional guidance on quantifying
misstatements. The Federal Reserve proposes the following revisions
to the FR Y-9C effective June 30, 2009: (1) new data items for real
estate construction and development loans (for BHCs with
construction and development loan concentrations), (2) new data
items and deletion of existing items for holdings of collateralized
debt obligations and other structured financial products, (3) new
data items and revisions to existing data items for holdings of
commercial mortgage-backed securities, (4) new data items and
revisions to existing data items for unused commitments with an
original maturity of one year or less to asset-backed commercial
paper conduits, (5) new data items and revisions to existing data
items for fair value measurements by level for asset and liability
categories reported at fair value on a recurring basis, (6) new
data items for pledged loans and pledged trading assets, (7) new
data items for collateral held against over-the-counter (OTC)
derivative exposures (for BHCs with $10 billion or more in total
assets), (8) new data item and revisions and deletions of existing
data items for investments in real estate ventures, (9) new data
items and revisions to existing data items for past due and
nonaccrual trading assets, and (10) new data items and revisions to
existing data items for credit derivatives. The Federal Reserve
proposes to modify the FR Y-9SP to also collect new data items
associated with the Treasurys Capital Purchase Program (CPP). The
proposed changes would be effective as of June 30, 2009.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.
Form FR-Y9CS Supplement to the Consolidated Financial Statements for Bank Holding Companies
FRY9.200903.omb.doc
Supplement to the Consolidated Financial Statements for Bank Holding Companies