Report of Changes in Organizational Structure

Board of Governors of the Federal Reserve System

Instructions for Preparation of

Report of Changes in
Organizational Structure
Reporting Form FR Y-10

INSTRUCTIONS FOR PREPARATION OF

Report of Changes in
Organizational Structure
FR Y–10

GENERAL INSTRUCTIONS
Introduction
Use the FR Y-10 to report changes to the worldwide
organizational structure of bank holding companies
(BHCs), savings and loan holding companies (SLHCs),1
U.S. intermediate holding companies (IHCs), member
banks, Edge and agreement corporations, and to the U.S.
operations of foreign banking organizations (FBOs).2
Such changes include:
• information about the Reporter itself;
• acquisition of interests in BHCs, IHCs, SLHCs, FBOs,
banks organized under U.S. law and savings associations;
• acquisition of interests in nonbanking companies that
are owned by BHCs, IHCs, SLHCs, and non-qualifying
FBOs, and nonbanking companies conducting business
in the United States that are owned by qualifying
FBOs;
• transfer, sale, or liquidation of such interests;
• merger of companies;
• internal reorganization;
• commencement of new activities;

1. Grandfathered unitary savings and loan holding companies are
included in SLHCs and are required to file the FR Y-10 with the appropriate Federal Reserve Bank.
2. A FBO with U.S. operations that is not or ceases to be a “qualifying
foreign banking organization” (QFBO) within the meaning of Regulation
K, and is not otherwise treated as a QFBO under Regulation K, should
consult with Federal Reserve staff regarding the scope of its FR Y-10
reporting obligations. In general, a FBO that is not or is not treated as a
QFBO is subject to the nonbanking restrictions of the BHC Act with
respect to its worldwide operations and, thus, would have to report on the
FR Y-10 changes to its worldwide organizational structure.
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General Instructions October 2016

• certain merchant banking or insurance company investments;
• establishment in the United States of branches, agencies, and representative offices of FBOs and activities
through managed non-U.S. branches;
• opening, closing, or relocation of foreign branches of
member banks, BHCs, IHCs, or Edge or agreement
corporations and of their foreign subsidiaries;
• opening, acquisition, sale, closing or relocation of
domestic branches of U.S. subsidiary depository institutions of top-tier BHCs, IHCs, or SLHCs, of unaffiliated state member banks, and of Edge and agreement
corporations; and
• changes to previously reported information.
Depending on the nature of reported changes in structure
and activity information, it will not always be necessary
to file all schedules. Blank schedules should be omitted.
The instructions are divided into the following sections:
• General Instructions describing overall reporting
requirements
• Specific Instructions for completing
Page 1
Banking Schedule
Savings and Loan Schedule
Nonbanking Schedule
Merger Schedule
4(k) Schedule
Domestic Branch Schedule
Foreign Branch of U.S. Banking Organizations
Schedule
Branch, Agency, and Representative
Office of FBOs Schedule (BARO Schedule)
• Glossary of terms used in these instructions
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General Instructions

• Appendix A - Federal Reserve Board Legal Authority
Codes

The same procedure should be followed by tiered organizations consisting of nonqualifying FBOs.

• Appendix B - Board to North American Industry
Classification System (NAICS) Activity Codes Conversion Table

In the case of a tiered FBO organization, where one
qualifying FBO3 controls another qualifying FBO, the
top-tier FBO may file on behalf of all lower-tier FBOs or
the lower-tier FBOs may choose to file separately.

If more than one transaction is reportable for a particular
submission, multiple schedules should be submitted.
Several supporting schedules may be included under one
completed page 1 of the FR Y-10 report form.

Who Must Report
The following companies (termed Reporters for purposes
of the FR Y-10) are required to file this report:
• Top-tier BHCs (including Employee Stock Ownership
Plans (ESOPs) or Employee Stock Ownership Trust
(ESOTs) that are BHCs) organized under U.S. or
foreign law that are not FBOs, regardless of financial
holding company (FHC) status.
• Top-tier SLHCs, ESOPs, ESOTs, or trusts that are
SLHCs pursuant to Regulation LL (12 CFR
238.2(m)(2)).
• Security holding companies as authorized under Section 618 of the Dodd-Frank Wall Street Reform and
Consumer Protection Act of 2010 (the Dodd-Frank
Act), 12 U.S.C. 1850a(c)(1).
• FBOs (both qualifying and nonqualifying) (see the
Glossary), whether or not a BHC.
• State member banks (SMBs) not controlled by a BHC
or a FBO.
• Edge and agreement corporations not controlled by a
BHC, FBO, or member bank.
• National banks not controlled by a BHC or FBO, but
only with respect to their foreign branches, their investments made under Subpart A of Regulation K, and
foreign branches of their foreign subsidiaries that are
investments made under Subpart A of Regulation K.

In the case where a FBO owns lower-tier FBOs and
BHCs, the top-tier FBO may file on behalf of itself and
any lower-tier FBOs. The top-tier U.S. BHC or SLHC is
responsible for filing for itself and all lower-tier BHCs or
SLHCs.
In the case where an FBO establishes an IHC or designates an existing BHC as an IHC, the top-tier FBO must
file on behalf of itself and the IHC. The IHC does not file
the FR Y-10 report.

What Events Must Be Reported
The following categories of events (termed Reportable
Events for purposes of the FR Y-10 and these instructions) generally trigger the requirement to file a FR Y-10.
Note that a single transaction by a Reporter may involve
more than one reportable event.
• New Reporters: Any event that causes a company to
become a Reporter. See the Changes in Reporter Status
part of these instructions for further explanation and
reporting directions.
• Interests in Banking Companies: Acquisition, sale, or
transfer of a controlling interest in, or more than 5
percent of a class of voting securities of, an existing or
new BHC, bank organized under U.S. law, FBO (Banking Company for purposes of the FR Y-10), or IHC
that holds directly or indirectly a bank organized under
U.S. law; changes in the level or type of ownership
interest in a Banking Company; cessation of business
or liquidation of a Banking Company; changes in the
principal activities of a Banking Company; and changes
to information previously reported on Federal Reserve
structure reports4 about a Banking Company. See the

Tiered Organizations
In the case of a tiered BHC or SLHC organization where
one BHC or SLHC that is not a FBO controls another
BHC or SLHC that is not a FBO, the top-tier BHC or
SLHC should file reports on behalf of all lower-tier
BHCs or SLHCs.
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3. This reference to qualifying FBOs also pertains to FBOs that are
treated as qualifying FBOs as well as FBOs that have limited exemption.
4. Prior to the issuance of this report form on June 30, 2007, changes to
organizational structure of banking and nonbanking companies were reported on four forms, i.e., FR Y-10, FR Y-10F, FR Y-10S, and FR 2058.
The respondent panels for those forms and the information required to be
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General Instructions

Banking Schedule part of these instructions for further
explanation and reporting directions.
• Interests in Savings and Loan Companies: Acquisition,
sale, or transfer of a controlling interest in, or more
than 5 percent of a class of voting securities of, an
existing or new SLHC, or savings association (Savings
and Loan Company for the purposes of the FR Y-10);
changes in the level or type of ownership interest in a
Savings and Loan Company; cessation of business or
liquidation of a Savings and Loan Company; changes
in the principal activities of a Savings and Loan
Company; and changes to information previously
reported on Federal Reserve structure reports or the
former Office of Thrift Supervision reports about a
Savings and Loan Company. See the Savings and Loan
Schedule part of these instructions for further explanation and reporting directions.
• Interests in Nonbanking Companies: For BHCs or
SLHCs, interests in Nonbanking Companies includes
the acquisition, sale, or transfer of a controlling interest
in an existing or new company other than a BHC or
SLHC, bank organized under U.S. law, FBO (Nonbanking Company for purposes of the FR Y-10), or
IHC that holds directly or indirectly a bank organized
under U.S. law; changes in the level or type of ownership interest in a Nonbanking Company; cessation of
business or liquidation of a Nonbanking Company;
changes in the principal activities of a Nonbanking
Company; and changes to information previously
reported on Federal Reserve structure reports about a
Nonbanking Company. See the Nonbanking Schedule
part of these instructions for further explanation and
reporting directions.
• Mergers: A merger involving a Banking, Savings and
Loan, or a Nonbanking Company in which the Reporter
previously had reported an ownership interest on Federal Reserve structure reports. See the Merger Schedule part of these instructions for further explanation
and reporting directions.
• 4(k) Activities: Commencement by a Reporter that is a
FHC of an activity it has not previously conducted,
whether the result of acquisition of an existing Nonbanking Company, formation of a new Nonbanking
reported have been incorporated into this form. References to ‘‘information
previously reported on Federal Reserve structure reports’’ pertain to information reported on those four report forms.
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General Instructions October 2016

Company, or commencement of a new activity by an
existing company. See the 4(k) Schedule of these
instructions for further explanation and reporting directions.
• Merchant Banking or Insurance Company Investments:
Certain large merchant banking investments, insurance
company investments, or the event of a name change.
See the 4(k) Schedule part of these instructions for
further explanation and reporting directions.
• Domestic Branches: The opening, purchase, acquisition, sale, closure, relocation, name change, change in
service type, or deletion of erroneously reported information of domestic branches of domestic depository
institutions of top-tier BHCs or SLHCs, of unaffiliated
state member banks and of Edge and agreement corporations; and any changes to information previously
reported on Federal Reserve structure reports about
such branches. See the Domestic Branch Schedule part
of these instructions for further explanation and reporting directions. A top-tier BHC or SLHC is responsible
for filing branch information for its domestic subsidiary depository institutions’ U.S. offices. Also, unaffiliated state member banks and unaffiliated Edge and
agreement corporations are responsible for filing for
their offices.
• Foreign Branches of U.S. Banking Organizations: The
opening, closing, or relocation of foreign branches of
unaffiliated member banks, BHCs, or Edge or agreement corporations, or of foreign subsidiaries of such
organizations; and any changes to information previously reported on Federal Reserve structure reports
about such offices. See the Foreign Branches of U.S.
Banking Organizations Schedule part of these instructions for further explanation and reporting directions.
• Branches, Agencies, and Representative Offıces: The
opening, closing (with or without license surrender), or
liquidation of a branch, agency, or representative office
located in the United States and the commencement or
termination of the management by a U.S. branch or
agency of a non-U.S. branch of a FBO; and any
changes to information previously reported on Federal
Reserve structure reports about such offices. See the
Branch, Agency, and Representative Office of FBOs
Schedule part of these instructions for further explanation and reporting directions.
• Cessation of Status as a Reporter: Any event that
terminates a company’s status as a Reporter. See the
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General Instructions

Changes in Reporter Status part of these instructions
for further explanation and reporting directions.

Legal Entity Identifier (LEI)
The Reporter must provide the LEI for all banking,
nonbanking, and savings and loan legal entities reportable on the Banking, Non-Banking, SLHC, and 4K
schedules (not the Branch schedules) of the FR Y-10 if
one has already been assigned. If the Reporter or any of
its reportable entities does not have a LEI, it is not
required to obtain one for the sole purpose of reporting
the LEI on the FR Y-10.
LEIs issued or lapsed are reportable within 30 calendar
days of the event on the appropriate FR Y-10 schedules.

Changes in Reporter Status
The following are Reportable Events:
• Becoming a Reporter: Any event that causes a company to become a Reporter. To report, a new Reporter
(BHC, SLHC, FBO, unaffiliated SMB or Edge or
agreement corporation, or National Bank) must complete a Banking, Savings and Loan, or Nonbanking
Schedule for itself, and a Banking, Savings and Loan,
or Nonbanking Schedule for its subsidiary. If the
Reporter was a going concern prior to becoming a
Reporter, follow instructions for “Acquisition of a
Going Concern.” If the Reporter is a new company,
follow instructions for “De Novo Formation.”
In addition, a new Reporter must report interests in any
companies that are going concerns at the time the
Reporter becomes a Reporter and must report any activity engaged in by the Reporter under Section 4(k) of the
BHC Act or Section 10(c)(2)(H) of the Home Owners’
Loan Act (‘‘HOLA’’). Report an interest in a going
concern as if the Reporter acquired the interest simultaneously with becoming a Reporter by completing a
Banking Schedule or Nonbanking Schedule, as appropriate, following directions for ‘‘Acquisition of a Going
Concern.’’ Report activities engaged in under Section
4(k) of the BHC Act or Section 10(c)(2)(H) of HOLA as
if commenced simultaneously with becoming a Reporter
by completing a 4(k) Schedule, following directions for
‘‘Acquisition of a Going Concern Resulting in a New
Activity.’’
A foreign bank that becomes a FBO (and thereby
becomes a Reporter) due to the establishment of an initial
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U.S. branch or agency must also complete a Branch,
Agency, and Representative Office of FBOs Schedule
with respect to the branch or agency. Such a foreign bank
becomes a Reporter when the initial branch or agency
opens for business, not when the branch or agency is
licensed.
If deemed warranted for supervisory purposes, the Federal Reserve may request an organization chart. Because
FR Y-10 reporting requirements differ from the Annual
Report of Holding Companies - FR Y-6 and the Annual
Report of Foreign Banking Organizations - FR Y-7
reporting requirements, the organization chart submitted
with the FR Y-10 may be different from the organization
chart submitted with the Reporter’s FR Y-6 or FR Y-7
report.
• Cessation of Status as a Reporter: Any event that
terminates a company’s status as a Reporter. If termination of Reporter status results from sale or liquidation of a Reporter or from the Reporter becoming
inactive, complete a Banking Schedule, Savings and
Loan Schedule, or Nonbanking Schedule, as appropriate, with respect to the Reporter. Follow the instructions for reporting the event type ‘‘External Transfer,’’
‘‘Liquidation,’’ or ‘‘Became Inactive,’’ as appropriate,
and also check the event type box next to ‘‘No Longer
Reportable.’’
If termination of Reporter status results from sale or
liquidation of a Reporter’s U.S. subsidiary bank, commercial lending company, or Edge or agreement corporation
or savings association, complete a Banking Schedule,
Savings and Loan Schedule, or Nonbanking Schedule, as
appropriate, following the instructions for ‘‘External
Transfer’’ or ‘‘Liquidation,’’ as appropriate. In addition,
submit a Banking Schedule, Savings and Loan Schedule,
or Nonbanking Schedule, as appropriate, with respect to
the Reporter, but only check the event type box next to
‘‘No Longer Reportable,’’ provide the date of the event,
and provide the Reporter’s legal name and location in
Items 2 and 3 of the Characteristics Section.
If termination of Reporter status results from sale or
closure of a Reporter’s U.S. branch(es) or agency(s),
complete a Branch, Agency, and Representative Office of
FBOs Schedule. In addition, submit a Banking Schedule
or Nonbanking Schedule, as appropriate, with respect to
the Reporter, but only check the event type box next to
‘‘No Longer Reportable,’’ and provide the date of the
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General Instructions

event and the Reporter’s legal name and location in the
Characteristics Section.

Where and When to File this Report
The appropriate Federal Reserve Bank (see the Glossary)
must receive an original and one copy of this report
within 30 calendar days after a reportable event. Earlier
submission would aid the Federal Reserve in reviewing
and processing the report.
FR Y-10 Online Submission Option
The Reporter may file the FR Y-10 electronically.
Respondents interested in filing electronically must contact the appropriate Federal Reserve Bank in order to
obtain a User ID and password. To access the FR Y-10
Online website, use the following URL:
https://y10online.federalreserve.gov
Note: Reports that contain a request for confidential
treatment should not be submitted electronically.
Alternative Submission Options
As an alternative, the reporter may file the FR Y-10 by
mail, e-mail, or fax. The filing of a completed report will
be considered timely, regardless of when the report is
received by the appropriate Federal Reserve Bank, if the
report is postmarked for mail or date/timestamped for
e-mail and fax within 30 calendar days after a reportable
event.
Information on the CUSIP number of the Reporter (BHC,
SLHC, or unaffiliated state member bank); a BHC’s
lower-tier U.S. BHCs subsidiary U.S. banks; a SLHC’s
lower-tier U.S. SLHCs subsidiary, U.S. savings association; a FBO’s IHC; or a Reporter’s largest subsidiary U.S.
nonbanking company that has a currently active CUSIP
number must be assessed only once a year as of December 31. Changes to this data must be reported on an
event-generated basis within 30 calendar days of such
changes.
Confidential Treatment
Once submitted, a FR Y-10 report becomes a Federal
Reserve Board (Board) record and may be requested by
any member of the public pursuant to the Freedom of
Information Act (FOIA), 5 U.S.C. § 552. Under the
FOIA, Board records generally must be disclosed unless
they are determined to fall, in whole or in part, within the
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General Instructions September 2017

scope of one or more of the FOIA exemptions from
disclosure. See 5 U.S.C. § 552(b)(1)-(9).
The exempt categories include (but are not limited to)
‘‘trade secrets and commercial or financial information
obtained from a person and privileged or confidential’’
(exemption 4), and information that, if disclosed, “would
constitute a clearly unwarranted invasion of personal
privacy” (exemption 6). In certain limited circumstances,
the Federal Reserve may grant confidential treatment for
some or all of the items for which such treatment has
been requested if the institution clearly has provided a
compelling justification for the request. A Reporter may
request confidential treatment for any information submitted on the FR Y-10 that the Reporter believes is
exempt from disclosure under FOIA. The Reporter must
follow the steps outlined immediately below, and certify
on the completed and signed Page 1 of the FR Y-10 that
these steps have been followed.
Reporters that seek confidential treatment for specific
responses to the FR Y-10 must divide their report
submission into two parts, filed simultaneously. The
separately bound confidential volume should be accompanied by a cover page marked ‘‘confidential’’ and
include only those report item responses for which
confidential treatment is requested. The public volume
should include responses to all of the report items. The
responses to those items for which confidential treatment
is requested should indicate that the responsive data may
be found in the confidential volume.
The Reporter also must submit a letter prior to or
concurrent with submission of the two-part FR Y-10. The
written request must identify the specific items for which
confidential treatment is requested, provide justification
for the confidential treatment requested for the identified
items, and must demonstrate the specific nature of the
harm that would result from public release of the information. Merely stating that competitive harm would
result is not sufficient.5
Reporters must submit a request for confidential treatment prior to or at the time of filing this report even if
they previously requested (and were or were not accorded)
confidential treatment for the same information as previously provided to the Board.
5. FOIA exemptions 4 and 6 may be applicable for requests for confidentiality. For a complete list see the Board’s public web site http://
www.federalreserve.gov/foia/exemptions.htm

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General Instructions

Check Box
The Reporter must select on page 1 of the form whether
any confidential treatment is requested for any portion of
the report. If the answer to the first question is “Yes,” the
Reporter must indicate whether a letter justifying the
request for confidential treatment is included with the
submission or has been provided separately. If an institution does not fulfill both requirements, or does not
check the appropriate boxes, confidential treatment
will not be considered.
Note: Responses to the questions regarding confidential treatment on page 1 of the form will be considered
public information.
Information for which confidential treatment is requested
may be released subsequently by the Federal Reserve
System, in accordance with the terms of 12 CFR 261.16,
if the Board of Governors determines that the disclosure
of such information is required by law or in the public
interest. If the Federal Reserve deems it necessary to

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release confidential data, the reporting institution will be
notified before it is released. For further information on
the procedures for requesting confidential treatment and
the Board’s procedures for addressing such requests,
consult the Board’s Rules Regarding Availability of
Information, 12 CFR part 261, including 12 CFR 261.15,
which governs requests for confidential treatment.
Additional Information Requests
In some instances, the appropriate Federal Reserve Bank
may request a Reporter to submit organization charts,
narrative descriptions, or other information to supplement information provided on the FR Y-10. Provision of
such information is not a substitute for a requirement to
file a FR Y-10, but can aid in the understanding of
significant acquisitions, mergers, reorganizations, or other
transactions involving multiple reportable events. The
Reporter must follow the steps outlined immediately
above with respect to any additional information for
which it seeks confidential treatment.

FR Y–10
General Instructions September 2017

Specific Instructions for
Page 1
FR Y–10

Submission Date
Provide the date on which the FR Y-10 is submitted.

Reporter’s Name, Street and Mailing
Addresses
Legal Name: Provide the Reporter’s full legal name. If
the Reporter’s legal name has changed since the Reporter’s last FR Y-10 filing, provide the Reporter’s new name
on this line. In addition, report the name change in the
Characteristics Section of the Banking, Savings and
Loan, or Nonbanking Schedule, as appropriate.
Physical Street Address (Physical Location), City, County,
State/Province, Country, and Zip/Postal Code: Use the
U.S. Postal Service address to provide the street address
of the physical location of the Reporter’s main office. Do
not use a post office box number as the street address.
Provide the nine-digit zip code, if available. Changes to
the Reporter’s address should be reported on the Banking, Savings and Loan, or Nonbanking Schedule.
Reporter’s Mailing Address (if different from physical
street address): For mailing purposes, provide the Reporter’s mailing address to which mailings for the Reporter
should be sent. A street address or post office box is
acceptable. Provide the nine-digit zip code, if available.

Contact’s Name and Mailing Address for
this Report
Name and Title: Provide the name and title of the person
responsible for preparing the report on the Reporter’s
behalf as the contact person.
Phone Number: Provide the telephone number (including
area code and if applicable, the extension) of the contact
person.

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Fax Number: Provide the fax number (including the area
code) of the contact person.
E-mail Address: Provide the electronic mailing address of
the contact person.
Contact’s Mailing Address (if different from the Reporter’s mailing address): For mailing purposes, provide the
contact’s mailing address to which mailing for the
Reporter’s contact person should be sent. The street
address or post office box is acceptable. Provide the
nine-digit zip code, if available.

Authorized Official
Printed Name & Title: Print the name and title of the
Authorized Official (see Glossary for definition).
Signature of Authorized Offıcial, Date of Signature: An
authorized officer of the Reporter must sign and date
page 1 of the FR Y-10 report to indicate that the report
has been reviewed for accuracy. The signer may or may
not be the same person as the contact person for the
report.

Legal Entity Identifier (LEI)
The top-tier holding company (Reporter) must provide its
LEI on page 1 of this report if it already has one. If the
Reporter does not have a LEI, it is not required to obtain
one. Refer to the General Instructions and the Glossary
entry for “Legal Entity Identifier” for further information.

Confidential Treatment
Indicate, by entering 0 for “No” or 1 for “Yes,” as
appropriate, whether the Reporter seeks confidential
treatment for any portion of the submission. If the
Reporter has entered 1 for “Yes,” the Reporter must
provide a written request identifying the specific item(s)
and justification for which the confidential treatment is
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Page 1 Instructions

requested. The Reporter also should indicate (by checking the appropriate boxes on page 1 of the form) that a
letter justifying the request is being submitted with the
form or that one has been provided separately. NOTE:

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Information for which confidential treatment is being
requested must be provided separately and labeled “confidential.” Refer to the General Instructions for further
information on confidentiality.

FR Y–10
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Specific Instructions for the
Banking Schedule
FR Y–10

What to Report
Use this schedule to report the acquisition of interests in
Banking Companies, and other transactions involving
interests in Banking Companies.1 For purposes of the FR
Y-10, a Banking Company is a Bank Holding Company
(BHC), bank organized under U.S. law, Foreign Banking
Organization (FBO) or U.S. Intermediate Holding Company (IHC) that holds directly or indirectly a bank
organized under U.S. law.2 To complete the Banking
Schedule, check the appropriate event type box(es),
provide the date of the reportable event(s), and complete
other items on the schedule as directed in the following
instructions.

Interests in Banking Companies
Reporters are required to file the FR Y-10 reports for the
following list of general reporting categories.
Initial Acquisition / Formation: A Reporter’s initial
acquisition of an interest in a Banking Company, including the formation of a top-tier BHC, is a reportable event
if as a result of the acquisition, the Reporter directly or
indirectly acquires control of the Banking Company, or
directly or indirectly acquires control of more than 5
percent of a class of the Banking Company’s voting
shares. The acquisition of such an interest is reported
either as an “Acquisition of a Going Concern” or as a
“De Novo Formation.” To determine whether a Reporter
1. A Reporter that is a Banking Company should use the Banking
Schedule to report information about itself.
2. For purposes of the FR Y-10, “Banking Company” refers to BHCs
and banks as those terms are defined in the Bank Holding Company Act
(BHC Act), as well as to FBOs. Because savings associations, trust
companies not accepting demand deposits, certain industrial loan companies, and similar institutions are not included in the BHC Act definition of
a bank, acquisition of an interest in such an institution should be reported
on the Savings and Loan Schedule, Nonbanking Schedule, or 4(k) Schedule, as appropriate.
FR Y-10
Banking Schedule

October 2016

controls a Banking Company, apply the definition of
“control” applicable to Banking Companies found in the
Glossary.
Subsequent Events: Once a Reporter has acquired such an
interest in a Banking Company, the following events
become reportable:
• Any subsequent sale or transfer of the interest in whole
or in part, and most changes to the Reporter’s level of
ownership in a Banking Company;
• The transfer of all or part of the interest to another
subsidiary within the Reporter’s organization;
• Liquidation of a Banking Company;
• Any changes rendering the Reporter’s interest in a
Banking Company no longer reportable; and
• Any change to information previously reported on this
schedule.
Multiple Direct Holders: In the case of a reportable event
in which a Reporter acquires an interest in a Banking
Company through more than one direct holder, the
Reporter must file a separate Banking Schedule for each
direct holder.3 As long as the Reporter’s interest in the
Banking Company remains reportable, the Reporter must
report any subsequent acquisition of any additional interest in the Banking Company by any additional direct
holders.

3. As noted in the instructions for Item 13.a of this schedule, a Reporter
that in the aggregate controls more than 5 percent of more than one class of
the Banking Company’s voting shares need only report the class of which
the Reporter controls the highest percentage (the “highest class”). If two or
more classes could each be considered the highest class, a Reporter must
report each such class, if held by different direct holders. A Reporter must
file a separate Banking Schedule for each direct holder through which the
Reporter controls shares of the highest class, but need not file any schedule
for a direct holder through which the Reporter controls only shares of
classes other than the highest class.

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Banking Schedule

Reporting Mergers: When a Banking Company is merged
into a Reporter or a Reporter’s subsidiary as part of the
same transaction in which the Reporter acquires the
Banking Company (i.e., the Banking Company no longer
exists as a legal entity), the acquisition of that Banking
Company should be reported on the Merger Schedule
instead of the Banking Schedule.
Check box if correction: Check this box to indicate that
previously reported information was filed incorrectly and
has been corrected with the information provided.
Item 1.a – Event Type
Check all the event type box(es) that apply. Do not report
events that occur on separate dates on the same
schedule.
Acquisition of a Going Concern: Initial acquisition by a
direct holder of an interest in a Banking Company that is
a going concern. To report, check the event type box next
to “Acquisition of a Going Concern,” report the date of
the event in Item 1.b, and complete all sections of the
schedule. Subsequent acquisition by the same direct
holder of additional shares or other additional interest in
the Banking Company should be reported as a “Change
in Ownership.”
Note: If the acquired going concern has one or more
subsidiaries, the Reporter must file a separate Banking,
Savings and Loan, or Nonbanking Schedule (as appropriate) for each subsidiary.
De Novo Formation: Opening for business of a new
Banking Company in which a direct holder has an
interest. To report, check the event type box next to “De
Novo Formation,” report the date of the event in Item 1.b,
and complete all sections of the schedule. An interest in a
Banking Company is not reportable until the Banking
Company opens for business.
External Transfer: Sale, divestiture, or other transfer of a
direct holder’s entire previously reported interest in a
Banking Company to a company other than the Reporter
or its subsidiaries. To report, check the event type box
next to “External Transfer,” report the date of the event in
Item 1.b, the Banking Company’s legal name in Item 2.a,
and location in Item 3.a of the Characteristics Section. In
addition, in the Ownership Section, the Reporter should
list the name and location of the former direct holder of
the divested company in Item 16. Item 12 should be left
blank.
BKG-2

Note: Report any partial external transfer of a previously
reported interest in a Banking Company as a “Change in
Ownership.”
Internal Transfer: Sale or other transfer of a direct
holder’s entire previously reported interest in a Banking
Company to the Reporter or to a different subsidiary of
the Reporter. To report, check the event type box next to
“Internal Transfer,” report the date of the event in Item
1.b, the Banking Company’s legal name in Item 2.a, and
location in Item 3.a of the Characteristics Section. In
addition, in the Ownership Section, report the new direct
holder’s (the acquirer’s) name and location in Item 12,
and report the former direct holder’s (the seller’s) name
and location in Item 16. If the event results in any change
in legal authority, also report the new legal authority code
in the Activity and Legal Authority Section.
Note: Report any partial internal transfer of a previously
reported interest in a Banking Company by filing two
Banking Schedules: one as a “Change in Ownership” by
the transferring direct holder and one as an “Acquisition
of a Going Concern” by the acquiring direct holder. The
transferring direct holder should report by following the
directions for reporting a “Change in Ownership.” The
acquiring direct holder need only report the date of the
event in Item 1.b and the Banking Company’s legal name
in Item 2.a, and complete the Ownership Section as
appropriate, excluding Item 16. If the event results in any
change in legal authority, also report the new legal
authority code in the Activity and Legal Authority Section.
Change in Ownership: Report any of the following: an
increase or decrease in a direct holder’s ownership
percentage of a class of voting shares of a Banking
Company if the percentage changes by one point or more,
after rounding; a change in the direct holder’s status with
respect to control of nonvoting shares of the Banking
Company, control of any other ownership interest in the
Banking Company, or control of the Banking Company;
or a change in the Reporter’s status with respect to
control of the Banking Company. A direct holder’s
ownership percentage of a class of voting securities may
change due to acquisition of additional shares, sale or
transfer of some of the direct holder’s shares, stock
redemption, nonparticipation in a share issuance by the
reportable bank, or other causes. To report, check the
event type box next to “Change in Ownership,” report the
date of the event in Item 1.b, the Banking Company’s
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FR Y-10
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legal name in Item 2.a, and location in Item 3.a of the
Characteristics Section. In addition, in the Ownership
Section, complete Items 12, 13, 14, 15, and 16 as
appropriate, to reflect the Change in Ownership.
Liquidation: Liquidation of a Banking Company in which
a direct holder previously had reported an interest. For
purposes of the FR Y-10, liquidation refers to final
distribution of assets, satisfaction of liabilities, and closing of capital accounts of a company, as opposed to sale
or transfer of the company. Liquidation may result from
voluntary dissolution or bankruptcy, and the liquidation
process typically ends with termination of the company’s
legal existence. To report, check the event type boxes
next to “No Longer Reportable” and “Liquidation,”
report the date of the event in Item 1.b, the Banking
Company’s legal name in Item 2.a, and location in Item
3.a of the Characteristics Section.
Note: A Reporter need not file a FR Y-10 if liquidating a
company previously reported as “Became Inactive.”
Change in Characteristics: Change of a Banking
Company’s legal name or address, or any other change to
information previously reported. To report, check the
event type box next to “Change in Characteristics” and
report the date of the event in Item l.b. In addition, to
report a name change, complete Items 2.a and 2.b, and
for relocation, complete Items 3.a and 3.b. For any other
change to this section, report the Banking Company’s
legal name in Item 2.a and location in Item 3.a of the
Characteristics Section, and report updated information
for the appropriate items in the section.
Change in Activity or Legal Authority: Change in a
Banking Company’s previously reported primary or secondary activity, commencement of a secondary activity,
termination of a previously reported activity, or change in
the legal authority under which a previously reported
activity is conducted. To report, check the event type box
next to “Change in Activity or Legal Authority,” report
the date of the event in Item l.b, the Banking Company’s
legal name in Item 2.a, and location in Item 3.a of the
Characteristics Section. In addition, in the Activity and
Legal Authority Section, report only the updated information.
No Longer Reportable: Any transaction that renders a
Reporter’s interest in a Banking Company no longer
reportable. In general, once a Reporter acquires an interest in a Banking Company, the interest remains reportable so long as the Banking Company is actively engaged
FR Y-10
Banking Schedule

October 2016

in business and: (1) the Reporter in the aggregate directly
or indirectly controls more than 5 percent of any class of
voting shares of the Banking Company or (2) the
Reporter controls the Banking Company. To determine if
the Reporter controls the Banking Company, apply definition of “control” applicable to Banking Companies
found in the Glossary. To report, check the event type
box next to “No Longer Reportable.” In addition, check
the event type box corresponding to the event type that
rendered the interest no longer reportable and follow the
instructions for reporting that event type. Event types that
render an interest no longer reportable include “External
Transfer,” “Liquidation,” and “Became Inactive.” Event
types that may render an interest no longer reportable
include “Change in Ownership” and “Change in Activity
or Legal Authority.”
Note: If reporting a company, which has subsidiaries, as
“No Longer Reportable,” please report the disposition of
each subsidiary. Typically the disposition of a company’s
interest in a subsidiary may be reported as an “External
Transfer,” “Internal Transfer,” “Liquidation,” or
“Became Inactive,” as appropriate.
Became Inactive: Cessation of business by a company in
which a direct holder previously had reported an interest.
To report, check the event type boxes next to “No Longer
Reportable” and “Became Inactive,” report the date of
the event in Item 1.b, the Banking Company’s legal name
in Item 2.a, and the location in Item 3.a of the Characteristics Section. If a Banking Company that is inactive
subsequently becomes active and was not previously
reported by the Reporter, report as a “De Novo Formation.” However, if the Reporter had previously reported
an interest in the Banking Company and it subsequently
became inactive and then it was re-activated, report as a
“Change in Activity or Legal Authority.”
Debts Previously Contracted: For purposes of the FR
Y-10, acquisition of shares in a BHC or U.S. bank to
secure or collect a debt previously contracted is a reportable event, even if the Federal Reserve System’s prior
approval is not required. To report such an acquisition,
check the event type box next to “Debts Previously
Contracted” and also report as “Acquisition of a Going
Concern” or “Change in Ownership,” as appropriate.
Became Reportable: Any transaction that renders reportable a Reporter’s interest in a Banking Company that is
already a going concern, but does not involve the Reporter’s initial acquisition of an interest in, or formation of,
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Banking Schedule

that Banking Company. To report, check the event type
box next to “Became Reportable,” report the date of the
event in Item 1.b, and complete all sections of the
schedule.
Other: If none of the listed event types adequately
describes the reportable event, check the box next to “If
Other, please describe,” and provide a text description in
the space provided.
Item 1.b - Date of Event
Provide the calendar date on which the reportable event
took legal effect:
• Acquisition of a Going Concern or full or partial sale
or transfer: the date the Banking Company was acquired
by the direct holder;
• De Novo Formation: the date the new Banking Company opened for business;

last day the reportable company was open - Wednesday, March 22;
• BHC C is reporting the internal transfer of Bank 3 from
Bank E, to Bank F. The last day Bank E held Bank 3
was Monday, June 10. The date of event should be the
first day the reportable company was held by the direct
holder. Bank F - Tuesday June 11.
• BHC D is reporting the acquisition of Bank 6. The date
Bank 6 was acquired by BHC D is Tuesday, September
15. The date of event should be the date the reportable
company was acquired by the direct holder - Tuesday,
September 15.
• FBO E has designated an existing U.S. BHC subsidiary, BHC G, an IHC, on Friday, July 1, 2016. The date
of the event is Friday, July 1. For purposes of the FR
Y-10, the parent FBO is considered the Reporter for
the IHC, BHC G.

• External Transfer: the last day the Banking Company
was held by the direct holder;

Characteristics Section

• Internal Transfer: the first day the Banking Company
was held by the direct holder;

Provide the Banking Company’s current full legal name.

Item 2.a - Legal Name of Banking Company

• Change in Ownership: the date the reportable direct
holder’s ownership level changed;

Item 2.b - If Name Change or Correction, Prior Legal
Name of Banking Company

• Liquidation: last day the Banking Company was held
by the direct holder;

In the event of a name change or correction, provide the
Banking Company’s previously reported legal name.

• Became Inactive: the date a Banking Company ceased
engaging in business;

Item 3.a - Current Street Address (Physical Location),
City and County, State/Province, Country, Zip/Postal
Code; and State or Country (if foreign) of Incorporation

• Change in Characteristics: the date the Banking
Company’s characteristics changes;
• Change in Activity or Legal Authority: the date the
activity or legal authority changed;
• Became Reportable: the date on which the Banking
Company became reportable.
Examples:
• BHC A is reporting the inactivity of Bank 1. The last
day Bank 1 was active and open for business was on
Friday, January 5. The date of event should be the last
day the reportable company was open - Friday, January
5;
• BHC B is reporting the liquidation of Bank 2. The last
day Bank 2 was active and open for business was
Wednesday, March 22. The date of event should be the
BKG-4

Use the U.S. Postal Service address to provide the current
street address, city and county, state/province, country,
and zip/postal code, of the Banking Company’s main
office. Do not use a post office box as the street address.
Report the nine-digit zip code, if available.
To determine the appropriate address to report, please see
the definition of physical location found in the Glossary.
For de novo formations, acquisitions, and changes in
characteristics, companies that are incorporated/
organized in the U.S. should report the state of incorporation and companies that are incorporated/organized
outside of the U.S. should report the country of incorporation. Reporters may also report the state or country of
incorporation for other event types. The state or country
(if foreign) of incorporation is required for all business
Banking Schedule

FR Y-10
October 2016

Banking Schedule

organization types. For instance, limited liability companies should report the state or country in which they filed
their articles of organization.
Item 3.b - If Relocation or Correction, Prior Street
Address (Physical Location), City and County, State/
Province, Country, Zip/Postal Code; and State or
Country (if foreign) of Incorporation
In the event of a relocation or correction, provide the
prior street address, city and county, state/province,
country, and zip/postal code of the Banking Company’s
main office. Do not use a post office box as the street
address. Report the nine-digit zip code, if available. Also
report the state or country (if foreign) of incorporation. If
U.S., report the state of incorporation and if foreign,
report the country of incorporation.
Item 4 - Date Opened
Provide the date on which the Banking Company opened
for business, only if reporting one of the following:
Acquisition of a Going Concern, De Novo Formation, or
a correction to the Date Opened that was previously
reported in error.
Item 5 - Fiscal Year End (FBOs, BHCs, and IHCs
Only)
Provide the month and day of the FBO’s, BHC’s, or
IHC’s fiscal year end. Leave blank if the Banking
Company is neither a BHC, IHC, nor a FBO.
Item 6 - SEC Reporting Status
Check the box corresponding to the Banking
Company’s current SEC reporting status:
• Not Applicable–
This box should be checked if the Banking Company is
not subject to any of the other check box selections
described for this item. For example: A De Novo bank
that is not subject to sections 13(a) or 15(d) of the
Securities Exchange Act of 1934.
• Subject to 13(a) or 15(d) of Securities Exchange Act
of 1934 and Section 404 of SOX Act–
This box should be checked if the Banking Company
meets the requirements to file annual and other periodic
reports pursuant to section 13(a) or 15(d) of the
Securities Exchange Act of 1934 and is also subject to
Section 404 of the Sarbanes-Oxley Act of 2002, regardFR Y-10
Banking Schedule

October 2016

less if the Banking Company has a delay in reporting
under Section 404 of the Sarbanes-Oxley Act of 2002.
Note: Pursuant to section 12(i) of the Securities
Exchange Act of 1934, the Federal Reserve has delegated authority to act on behalf of the Securities and
Exchange Commission to collect reports from unaffıliated state member banks. Therefore, unaffıliated state
member banks should apply the same SEC reporting
requirements pursuant to section 13(a) and 15(d) of the
Securities Exchange Act of 1934 and should check this
box if such periodic SEC reports are filed to the Board
of Governors instead of the Securities and Exchange
Commission.
• Subject to 13(a) or 15(d) of Securities Exchange Act
of 1934, but not Section 404 of SOX ActThis box should be checked if the Banking Company is
required to file annual and other periodic reports
pursuant to section 13(a) or 15(d) of the Securities
Exchange Act of 1934 and not subject to the SarbanesOxley Act of 2002. Do not check this box if the
Banking Company has a delay in reporting under
Section 404 of the Sarbanes-Oxley Act of 2002.
• Terminated or Suspended reporting requirements
under 13(a) or 15(d) of the Securities Exchange Act
of 1934 –
This box should be checked if the Banking Company
has terminated or suspended duties to file periodic
reports under section 13(a) or 15(d) of the Securities
Exchange Act of 1934 for reasons specified by the SEC
regulations.
Item 7 - CUSIP Number
The Reporter must report the most recently assigned and
currently active six-digit CUSIP number for itself, its
lower-tier U.S. BHCs, its IHCs, and its subsidiary U.S.
banks. State member banks not controlled by a BHC
should report the CUSIP number for themselves.
A CUSIP number identifies most securities, including (1)
stocks and debt (including subordinated issues) of all
SEC-registered U.S. companies and (2) U.S. government
and municipal bonds. The number consists of nine characters (a combination of letters and numbers) in which
the first six digits uniquely identify an issuer. The first six
digits (leading six digits) should be reported in the boxes
on Item 7.
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Banking Schedule

The six-digit CUSIP number may change, for example
when:
• The last three digits of the nine-digit CUSIP number
are not sufficient to accommodate all outstanding issues
(greater than 999) and an additional issuer (six-digit)
CUSIP number is assigned; or

Item 8.b - Legal Entity Identifier (LEI)
Effective December 31, 2015, report the LEI for the
Reporter’s Banking Companies if one already exists. If
the Banking Company does not have a LEI, it is not
required to obtain one. Refer to the Glossary entry for
“Legal Entity Identifier” for further information.

• Changes occur to the corporate name, whether or not
associated with a merger or reorganization; or

Item 9 - Banking Company Type

• Reverse stock splits of corporate shares occur.

Check the box corresponding to the type that most
accurately describes the Banking Company:

Note: A change in a CUSIP number is a reportable event
on the FR Y-10 as a “Change in Characteristics.”

• U.S. Bank Holding Company (BHC),

Exclusions:
• Do not report any CUSIP numbers associated with
entities that are nonsurvivors of mergers. In the event
of a merger, the nonsurvivor’s debt-related CUSIP
numbers will remain in use until outstanding debt is
paid off since the entity will still service the debt.
However, no new issues will be made under the
nonsurvivor’s CUSIP number. New debt instruments
will be issued under the survivor’s CUSIP number. The
nonsurvivor’s equity-related CUSIP numbers will be
retired.
• Do not report CUSIP numbers associated with securitization vehicles and issuers of trust preferred securities.
• Do not report any CUSIP numbers associated with
money market instruments4 such as certificates of
deposit, medium-term notes,5 and commercial paper.
• Do not report historical information on CUSIP numbers that existed prior to December 31, 2005.
Item 8.a - Tax ID Number
Report a 9-digit Tax ID number for the Reporter and its
reportable Banking Companies. A federal tax identification number (also known as an employer identification
number or EIN) is a nine-digit number assigned solely to
a business by the Internal Revenue Service. The Tax ID
Number is required only for entities located in the United
States.

4. However, subordinated issues should be included.
5. Medium term notes are a type of money market instrument with an
average maturity of 4 to 6 years.

BKG-6

• Foreign Banking Organization (FBO),
• U.S. Intermediate Holding Company that holds directly
or indirectly a bank organized under U.S. law (IHC),
• U.S. Commercial Bank, or
• U.S. State Chartered Savings Bank.
If none of the listed types adequately describes the
Banking Company, check the box next to “Other, please
describe,” and provide a text description.
Note: U.S. State Chartered Savings Banks and Cooperative Banks that comply with the Qualified Thrift Lender
(QTL) test and have elected under Section 10(l) of the
HOLA to be treated as a Savings Association should be
reported on the Savings and Loan Schedule.
Item 10 - Business Organization Type
Check the appropriate box to indicate the legal organization type of the Banking Company. If none of the listed
descriptions adequately describes the organization type,
check the box next to “Other, please describe,” and
provide a text description.
Item 11 - Is the Banking Company
Consolidated in the Reporter’s Financial
Statements? (only reportable for foreign
investments)
Check “Yes” if the Banking Company is consolidated in
any subsidiary domestic commercial bank’s Consolidated Reports of Condition and Income (FFIEC 031)
within the Reporter’s organization. Otherwise, check
“No.”
Note: If reporting for a foreign investment, but the
subsidiary domestic commercial bank does not file the
Banking Schedule

FR Y-10
October 2016

Banking Schedule

Consolidated Reports of Condition and Income (FFIEC
031), leave this item blank.

Interests in Partnerships or Limited Liability Companies:
Report these interests as described in Items 13.c and 13.d.

Ownership Section

Item 13.b - Percentage of Nonvoting Equity

Item 12 - Direct Holder’s Name and Location
Provide the legal name, city, state/province, and country
of the direct holder. If the Reporter holds the interest
through more than one direct holder, complete a separate
Banking Schedule for each direct holder. Leave this item
blank if filed by a Reporter about itself or for event type
“External Transfer.”
Item 13.a - Percentage of a Class of Voting Shares
If the Reporter in the aggregate controls more than 5
percent of a class of the Banking Company’s voting
shares, report the percentage of such class controlled by
the direct holder. If the Reporter in the aggregate controls
more than 5 percent of more than one class of the
Banking Company’s voting shares, report the direct
holder’s percentage for the class in which the Reporter
controls the highest percentage. If needed, see the instructions on page BKG-1 (and accompanying footnote) of
these instructions for further information on multiple
classes of voting shares and multiple direct holders.
To determine the appropriate percentage to report, round
the actual number down to the nearest whole percentage.
For example, a percentage of 79.85 should be rounded
down to 79.
Note: There are two exceptions to this rounding rule:
when the percentage is greater than 50 but less than 51,
report the percentage as 51, or if the percentage is
greater than 0 but less than 1, report the percentage as 1.
In general, a direct holder is considered to control all
shares that it has the power to vote, but not shares held in
a fiduciary capacity. However, shares held by the direct
holder as fiduciary are deemed controlled by the direct
holder if the shares are held for the benefit of employees,
shareholders, members, or affiliates of the Reporter or
any subsidiary of the Reporter, or if the shares are of a
BHC or bank organized under U.S. law and the Reporter
has directly or indirectly had the sole power to vote the
shares for more than 2 years. In addition, a security that is
convertible into a voting security at a holder’s option is
deemed to be a share of the class into which it is
convertible.
FR Y-10
Banking Schedule

October 2016

Only if the Reporter has left Item 13.a blank because it
does not control more than 5 percent of any class of the
Banking Company’s voting shares, report the percentage
that, of the total nonvoting equity of the Banking Company, is controlled by the direct holder. Report the
percentage rounded down to the nearest whole percentage. For example, a percentage of 61.75 should be
reported as 61.
Note: There are two exceptions to this rounding rule:
when the percentage is greater than 50 but less than 51,
report the percentage as 51, or if the percentage is
greater than 0 but less than 1, report the percentage as 1.
Leave blank if the direct holder does not control any
nonvoting shares.
Item 13.c - Other Interest
Only if the Reporter has left Items 13.a and 13.b blank,
check the “Yes” box to indicate whether the direct holder
has an ownership interest, other than voting or nonvoting
shares, in the Banking Company. Such an interest may
include partnerships and limited liability companies,
exercise of control over the management of the Banking
Company through a management agreement, or the direct
holder’s election of one or more directors of the Banking
Company. Otherwise, check the “No” box.
Item 13.d - Interests in Partnerships or Limited
Liability Companies
If the reportable company is a partnership or limited
liability company (LLC) as indicated in Item 10, check
the appropriate box to indicate the ownership interest the
direct holder has in the reportable company: General
Partner/Managing Member or Limited Partner/NonManaging Member.
In general, partner interests should be reported as they are
designated in the partnership agreement and member
interests should be reported as they are designated in the
LLC agreement. However, if a partner is the sole
partner of a partnership or a member is the sole
member of an LLC, this partner or member should be
reported as the general partner or managing member,
respectively.
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Banking Schedule

Item 14 - Control by Direct Holder

Item 17.b - Secondary Activity

Check the appropriate box to indicate whether the direct
holder controls the Banking Company. To determine if
the direct holder controls the Banking Company, apply
the definition of “control” applicable to Banking Companies found in the Glossary.

For Banking Companies other than a bank, report the
activity that generated the second largest percentage of
the company’s gross revenue as of the company’s most
recent fiscal year. For a Banking Company that has been
in operation for less than one year, report the activity that
the Reporter expects will generate the second largest
percentage of the Banking Company’s gross revenue
during the Banking Company’s first fiscal year. Do not
report more than one secondary activity. If the Banking
Company does not engage in any activity other than its
primary activity or is a bank, leave this item blank.

Item 15 - Control by Reporter
Check the appropriate box to indicate whether the
Reporter controls the Banking Company. To determine if
the Reporter controls the Banking Company, apply the
definition of “control” applicable to Banking Companies
in the Glossary.
Item 16 - Former Direct Holder’s Name and
Location
Provide the name and location of the former direct
holder, if the Event Type reported in Item l.a is an
“External Transfer” or “Internal Transfer.”
Activity and Legal Authority Section
Item 17.a - Primary Activity
Report the activity that generated the largest percentage
of the Banking Company’s gross revenue during the
Banking Company’s most recently completed fiscal year.
For a Banking Company that has been in operation for
less than one year, report the activity that the Reporter
expects will generate the largest percentage of the Banking Company’s gross revenue during the Banking
Company’s first fiscal year.

BKG-8

Item 17.c - Termination of Activity
Report the termination of any previously reported primary or secondary activity.
FRS Legal Authority Code
Consult Appendix A of these instructions and choose the
appropriate FRS legal authority code under which this
activity is being conducted. If you are still unsure,
consult your organization’s legal counsel.
NAICS Activity Code
(North American Industry Classification System (NAICS)
Activity Codes) Select a five or six-digit NAICS code
from the U.S. Census Bureau’s website: http://
www.census.gov/eos/www/naics/.
Description of Activity
Provide a text description of an activity only if unable to
identify a five or six-digit NAICS code corresponding to
the activity.

Banking Schedule

FR Y-10
October 2016

Specific Instructions for the
Savings and Loan Schedule
FR Y–10

What to Report
Use this schedule to report the acquisition of interests in
Savings and Loan Companies, and other transactions
involving interests in Savings and Loan Companies.1 For
purposes of the FR Y-10, a Savings and Loan Company
is a Savings and Loan Holding Company (SLHC) or a
savings association organized under U.S. law.2 To complete the Savings and Loan Schedule, check the appropriate event type box(es), provide the date of the reportable
event(s), and complete other items on the schedule as
directed in the following instructions.
Interests in Savings and Loan Companies
Reporters are required to file the FR Y-10 reports for the
following list of general reporting categories.
Initial Acquisition/Formation: A Reporter’s initial acquisition of an interest in a Savings and Loan Company,
including the formation of a top-tier SLHC, is a reportable event if as a result of the acquisition, the Reporter
directly or indirectly acquires control of the Savings and
Loan Company, or directly or indirectly acquires control
of more than 5 percent of a class of the Savings and Loan
Company’s voting shares. The acquisition of such an
interest is reported either as an “Acquisition of a Going
Concern” or as a “De Novo Formation.” To determine
whether a Reporter controls a Savings and Loan Company, apply the definition of “control” applicable to
Savings and Loan Companies found in the Glossary.
Subsequent Events: Once a Reporter has acquired such an

1. A Reporter that is a Savings and Loan Company should use the
Savings and Loan Schedule to report information about itself.
2. For purposes of the FR Y-10, “Savings and Loan Company” refers to
SLHCs and savings associations as those terms are defined in the Glossary.
If a Savings and Loan Company also meets the definition of a Banking
Company, such entity should be reported on the Banking Schedule.
FR Y–10
Savings and Loan Schedule

December 2012

interest in a Savings and Loan Company, the following
events become reportable:
• Any subsequent sale or transfer of the interest in whole
or in part, and most changes to the Reporter’s level of
ownership in a Savings and Loan Company;
• The transfer of all or part of the interest to another
subsidiary within the Reporter’s organization;
• Liquidation of a Savings and Loan Company;
• Any changes rendering the Reporter’s interest in a
Savings and Loan Company no longer reportable; and
• Any change to information previously reported on this
schedule.
Multiple Direct Holders: In the case of a reportable event
in which a Reporter acquires an interest in a Savings and
Loan Company through more than one direct holder, the
Reporter must file a separate Savings and Loan Schedule
for each direct holder.3 As long as the Reporter’s interest
in the Savings and Loan Company remains reportable,
the Reporter must report any subsequent acquisition of
any additional interest in the Savings and Loan Company
by any additional direct holders.
Reporting Mergers: When a Savings and Loan Company
is merged into a Reporter or a Reporter’s subsidiary as
part of the same transaction in which the Reporter
acquires the Savings and Loan Company (i.e., the Savings and Loan Company no longer exists as a legal
3. As noted in the instructions for Item 13.a of this schedule, a Reporter
that in the aggregate controls more than 5 percent of more than one class of
the Savings and Loan Company’s voting shares need only report the class
of which the Reporter controls the highest percentage (the “highest class”).
If two or more classes could each be considered the highest class, a
Reporter must report each such class, if held by different direct holders. A
Reporter must file a separate Savings and Loan Schedule for each direct
holder through which the Reporter controls shares of the highest class, but
need not file any schedule for a direct holder through which the Reporter
controls only shares of classes other than the highest class.

SL-1

Savings and Loan Schedule

entity), the acquisition of that Savings and Loan Company should be reported on the Merger Schedule instead
of the Savings and Loan Schedule.
Check box if correction: Check this box to indicate that
previously reported information was filed incorrectly and
has been corrected with the information provided.
Item 1.a - Event Type
Check the event type box(es) that best describes the event
type being reported. Do not report events that occur on
separate dates on the same schedule.
Acquisition of a Going Concern: Initial acquisition by a
direct holder of an interest in a Savings and Loan
Company that is a going concern. To report, check the
event type box next to “Acquisition of a Going Concern,”
report the date of the event in Item 1.b, and complete all
sections of the schedule. Subsequent acquisition by the
same direct holder of additional shares or other additional
interest in the Savings and Loan Company should be
reported as a “Change in Ownership.”
Note: If the acquired going concern has one or more
subsidiaries, the Reporter must file a separate Banking,
Savings and Loan, or Nonbanking Schedule (as appropriate) for each subsidiary.
De Novo Formation: Opening for business of a new
Savings and Loan Company in which a direct holder has
an interest. To report, check the event type box next to
‘‘De Novo Formation,” report the date of the event in
Item 1.b, and complete all sections of the schedule. An
interest in a Savings and Loan Company is not reportable
until the Savings and Loan Company opens for business.
External Transfer: Sale, divestiture, or other transfer of a
direct holder’s entire previously reported interest in a
Savings and Loan Company to a company other than the
Reporter or its subsidiaries. To report, check the event
type box next to “External Transfer,” report the date of
the event in Item 1.b, the Savings and Loan Company’s
legal name in Item 2.a, and location in Item 3.a of the
Characteristics Section. In addition, in the Ownership
Section, the Reporter should list the name and location of
the former direct holder of the divested company in Item
16. Item 12 should be left blank.
Note: Report any partial external transfer of a previously
reported interest in a Savings and Loan Company as a
‘‘Change in Ownership.”
SL-2

Internal Transfer: Sale or other transfer of a direct
holder’s entire previously reported interest in a Savings
and Loan Company to the Reporter or to a different
subsidiary of the Reporter. To report, check the event
type box next to “Internal Transfer,” report the date of the
event in Item 1.b, the Savings and Loan Company’s legal
name in Item 2.a, and location in Item 3.a of the
Characteristics Section. In addition, in the Ownership
Section, report the new direct holder’s (the acquirer’s)
name and location in Item 12, and report the former
direct holder’s (the seller’s) name and location in Item
16. If the event results in any change in legal authority,
also report the new legal authority code in the Activity
and Legal Authority Section.
Note: Report any partial internal transfer of a previously
reported interest in a Savings and Loan Company by
filing two Savings and Loan Schedules: one as a “Change
in Ownership” by the transferring direct holder and one
as an “Acquisition of a Going Concern” by the acquiring
direct holder. The transferring direct holder should report
by following the directions for reporting a “Change in
Ownership.” The acquiring direct holder need only
report the date of the event in Item 1.b and the Savings
and Loan Company’s legal name in Item 2.a, and
complete the Ownership Section as appropriate, excluding Item 16. If the event results in any change in legal
authority, also report the new legal authority code in the
Activity and Legal Authority Section.
Change in Ownership: Report any of the following: an
increase or decrease in a direct holder’s ownership
percentage of a class of voting shares of a Savings and
Loan Company if the percentage changes by one point or
more, after rounding; a change in the direct holder’s
status with respect to control of nonvoting shares of the
Savings and Loan Company, control of any other ownership interest in the Savings and Loan Company, or
control of the Savings and Loan Company; or a change in
the Reporter’s status with respect to control of the
Savings and Loan Company. A direct holder’s ownership
percentage of a class of voting securities may change due
to acquisition of additional shares, sale or transfer of
some of the direct holder’s shares, stock redemption,
nonparticipation in a share issuance by the reportable
savings association, or other causes. To report, check the
event type box next to “Change in Ownership,” report the
date of the event in Item 1.b, the Savings and Loan
Company’s legal name in Item 2.a, and location in Item
3.a of the Characteristics Section. In addition, in the
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FR Y–10
December 2012

Savings and Loan Schedule

Ownership Section, complete Items 12, 13, 14, and 15 as
appropriate, to reflect the Change in Ownership.
Liquidation: Liquidation of a Savings and Loan Company in which a direct holder previously had reported an
interest. For purposes of the FR Y-10, liquidation refers
to final distribution of assets, satisfaction of liabilities,
and closing of capital accounts of a company, as opposed
to sale or transfer of the company. Liquidation may result
from voluntary dissolution or bankruptcy, and the liquidation process typically ends with termination of the
company’s legal existence. To report, check the event
type boxes next to “No Longer Reportable” and “Liquidation,” report the date of the event in Item 1.b, the
Savings and Loan Company’s legal name in Item 2.a, and
location in Item 3.a of the Characteristics Section.
Note: A Reporter need not file a FR Y-10 if liquidating a
company previously reported as “Became Inactive.”
Change in Characteristics: Change of a Savings and
Loan Company’s legal name or address, or any other
change to information previously reported. To report,
check the event type box next to “Change in Characteristics” and report the date of the event in Item l.b. In
addition, to report a name change, complete Items 2.a and
2.b, and for relocation, complete Items 3.a and 3.b. For
any other change to this section, report the Savings and
Loan Company’s legal name in Item 2.a and location in
Item 3.a of the Characteristics Section, and report
updated information for the appropriate items in the
section.
Change in Activity or Legal Authority: Change in a
Savings and Loan Company’s previously reported primary or secondary activity, commencement of a secondary activity, termination of a previously reported activity,
or change in the legal authority under which a previously
reported activity is conducted. To report, check the event
type box next to “Change in Activity or Legal Authority,” report the date of the event in Item l.b, the Savings
and Loan Company’s legal name in Item 2.a, and location in Item 3.a of the Characteristics Section. In addition, in the Activity and Legal Authority Section, report
only the updated information.
No Longer Reportable: Any transaction that renders a
Reporter’s interest in a Savings and Loan Company no
longer reportable. In general, once a Reporter acquires an
interest in a Savings and Loan Company, the interest
remains reportable so long as the Savings and Loan
Company is actively engaged in business and: (1) the
FR Y–10
Savings and Loan Schedule

December 2012

Reporter in the aggregate directly or indirectly controls
more than 5 percent of any class of voting shares of the
Savings and Loan Company or (2) the Reporter controls
the Savings and Loan Company. To determine if the
Reporter controls the Savings and Loan Company, apply
the definition of “control” found in the Glossary applicable to Savings and Loan Companies. To report, check the
event type box next to “No Longer Reportable.” In
addition, check the event type box corresponding to the
event type that rendered the interest no longer reportable
and follow the instructions for reporting that event type.
Event types that render an interest no longer reportable
include “External Transfer,” “Liquidation,” and ‘‘Became
Inactive.” Event types that may render an interest no
longer reportable include “Change in Ownership” and
“Change in Activity or Legal Authority.”
Note: If reporting a company, which has subsidiaries, as
‘‘No Longer Reportable,” please report the disposition of
each subsidiary. Typically the disposition of a company’s
interest in a subsidiary may be reported as an “External
Transfer,” “Internal Transfer,” “Liquidation,” or
“Became Inactive,” as appropriate.
Became Inactive: Cessation of business by a company in
which a direct holder previously had reported an interest.
To report, check the event type boxes next to “No Longer
Reportable” and “Became Inactive,” report the date of
the event in Item 1.b, the Savings and Loan Company’s
legal name in Item 2.a, and the location in Item 3.a of the
Characteristics Section. If a Savings and Loan Company
that is inactive subsequently becomes active and was not
previously reported by the Reporter, report as a “De
Novo Formation.” However, if the Reporter had previously reported an interest in the Savings and Loan
Company and it subsequently became inactive and then it
was re-activated, report as a “Change in Activity or Legal
Authority.”
Debts Previously Contracted: For purposes of the FR Y10, acquisition of shares in a SLHC or savings association to secure or collect a debt previously contracted is a
reportable event, even if the Federal Reserve System’s
prior approval is not required. To report such an acquisition, check the event type box next to “Debts Previously
Contracted” and also report as “Acquisition of a Going
Concern” or “Change in Ownership,” as appropriate.
Became Reportable: Any transaction that renders reportable a Reporter’s interest in a Savings and Loan Company that is already a going concern, but does not involve
SL-3

Savings and Loan Schedule

the Reporter’s initial acquisition of an interest in, or
formation of, that Savings and Loan Company. To report,
check the event type box next to “Became Reportable,”
report the date of the event in Item 1.b, and complete all
sections of the schedule.
Other: If none of the listed event types adequately
describes the reportable event, check the box next to
‘‘Other, please describe” and provide a text description in
the space provided.
Item 1.b - Date of Event
Provide the calendar date on which the reportable event
took legal effect:
• Acquisition of a Going Concern: the date the Savings
and Loan Company was acquired by the direct holder;
• De Novo Formation: the date the new Savings and
Loan Company opened for business;
• External Transfer: the last day the Savings and Loan
Company was held by the direct holder;
• Internal Transfer: the first day the Savings and Loan
Company was held by the direct holder;
• Change in Ownership: the date the reportable direct
holder’s ownership level changed;
• Liquidation: the date on which a Savings and Loan
Company ceased engaging in business;
• Became Inactive: the date on which a Savings and
Loan Company ceased engaging in business;
• Change in Characteristics: the date on which the name
change, relocation, or other change became legally
effective;
• Change in Activity or Legal Authority: the date the
activity or legal authority changed;
• Became Reportable: the date on which a Savings and
Loan Company became reportable.
Examples:
• SLHC A is reporting the inactivity of Savings Association 1. The last day Savings Association 1 was active
and open for business was on Friday, January 5. The
date of event should be the last day the reportable
company was open - Friday, January 5.
• SLHC B is reporting the liquidation of Savings Association 2. The last day Savings Association 2 was
SL-4

active and open for business was Wednesday, March
22. The date of event should be the last day the
reportable company was open - Wednesday, March 22.
• SLHC C is reporting the internal transfer of Savings
Association 3 from Savings Association 4 to Savings
Association 5. The last day Savings Association 4 held
Savings Association 3 was Monday, June 10. The date
of event should be the first day the reportable company
was held by the direct holder Savings Association 5 Tuesday, June 11.
• SLHC D is reporting the acquisition of Savings Association 6. The date Savings Association 6 was acquired
by SLHC D is Tuesday, September 15. The date of
event should be the date the reportable company was
acquired by the direct holder - Tuesday, September 15.
Characteristics Section
Item 2.a - Legal Name of Savings and Loan
Company
Provide the Savings and Loan Company’s current full
legal name.
Item 2.b - If Name Change or Correction, Prior
Legal Name of Savings and Loan Company
In the event of a name change or correction, provide the
Savings and Loan Company’s previously reported legal
name.
Item 3.a - Current Street Address (Physical
Location), City and County, State/Province,
Country, Zip/Postal Code; and State or Country (if
foreign) of Incorporation
Use the U.S. Postal Service address to provide the current
street address, city and county, state/province, country,
and zip/postal code of the Savings and Loan Company’s
main office. Do not use a post office box as the street
address. Report the nine-digit zip code, if available.
To determine the appropriate address to report, please see
the definition of physical location found in the Glossary.
For de novo formations, acquisitions, and changes in
characteristics, companies that are incorporated/
organized in the U.S. should report the state of incorporation and companies that are incorporated/organized
outside of the U.S. should report the country of incorporation. Reporters may also report the state or country of
incorporation for other event types. The state or country
Savings and Loan Schedule

FR Y–10
October 2016

Savings and Loan Schedule

(if foreign) of incorporation is required for all business
organization types. For instance, limited liability companies should report the state or country in which they filed
their articles of organization.
Item 3.b - If Relocation or Correction, Prior Street
Address (Physical Location), City and County,
State/Province, Country, Zip/Postal Code; and State
or Country (if foreign) of Incorporation
In the event of a relocation or correction, provide the
prior street address, city and county, state/province,
country, and zip/postal code of the Savings and Loan
Company’s main office. Do not use a post office box as
the street address. Report the nine-digit zip code, if
available. Also report the state or country (if foreign) of
incorporation. If U.S., report the state of incorporation
and if foreign, report the country of incorporation.
Item 4 - Date Opened
Provide the date on which the Savings and Loan Company opened for business, only if reporting one of the
following: Acquisition of a Going Concern, De Novo
Formation, or a correction to the Date Opened that was
previously reported in error.
Item 5 - Fiscal Year End (SLHCs Only)
Provide the month and day of the SLHC’s fiscal year end.
Leave blank if the Savings and Loan Company is not a
SLHC.
Item 6 - SEC Reporting Status
Check the box corresponding to the Savings and Loan
Company’s current SEC reporting status:
• Not ApplicableThis box should be checked if the Savings and Loan
Company is not subject to any of the other check box
selections described for this item. For example: A De
Novo savings association that is not subject to sections 13(a) or 15(d) of the Securities Exchange Act of
1934.
• Subject to 13(a) or 15(d) of Securities Exchange Act
of 1934 and Section 404 of SOX ActThis box should be checked if the Savings and Loan
Company meets the requirements to file annual and
other periodic reports pursuant to section 13(a) or 15(d)
of the Securities Exchange Act of 1934 and is also
subject to Section 404 of the Sarbanes-Oxley Act of
FR Y–10
Savings and Loan Schedule

October 2016

2002, regardless if the Savings and Loan Company has
a delay in reporting under Section 404 of the SarbanesOxley Act of 2002.
Note: Pursuant to section 12(I) of the Securities
Exchange Act of 1934, the Federal Reserve has delegated authority to act on behalf of the Securities and
Exchange Commission to collect reports from unaffıliated state member banks. Therefore, unaffıliated state
member banks should apply the same SEC reporting
requirements pursuant to section 13(a) and 15(d) of the
Securities Exchange Act of 1934 and should check this
box if such periodic SEC reports are filed to the Board
of Governors instead of the Securities and Exchange
Commission.
• Subject to 13(a) or 15(d) of Securities Exchange Act
of 1934, but not Section 404 of SOX ActThis box should be checked if the Savings and Loan
Company is required to file annual and other periodic
reports pursuant to section 13(a) or 15(d) of the
Securities Exchange Act of 1934 and not subject to the
Sarbanes-Oxley Act of 2002. Do not check this box if
the Savings and Loan Company has a delay in reporting under Section 404 of the Sarbanes-Oxley Act of
2002.
• Terminated or Suspended reporting requirements
under 13(a) or 15(d) of the Securities Exchange Act
of 1934 This box should be checked if the Savings and Loan
Company has terminated or suspended duties to file
periodic reports under section 13(a) or 15(d) of the
Securities Exchange Act of 1934 for reasons specified
by the SEC regulations.
Item 7 - CUSIP Number
The Reporter must report the most recently assigned and
currently active six-digit CUSIP number for itself, any
lower-tier SLHCs and its subsidiary U.S. Savings Association.
A CUSIP number identifies most securities, including
(1) stocks and debt (including subordinated issues) of all
SEC-registered U.S. companies and (2) U.S. government
and municipal bonds. The number consists of nine characters (a combination of letters and numbers) in which
the first six digits uniquely identify an issuer. The first six
digits (leading six digits) should be reported in the boxes
on Item 7.
SL-5

Savings and Loan Schedule

The six-digit CUSIP number may change, for example
when:
• The last three digits of the nine-digit CUSIP number
are not sufficient to accommodate all outstanding issues
(greater than 999) and an additional issuer (six-digit)
CUSIP number is assigned; or
• Changes occur to the corporate name, whether or not
associated with a merger or reorganization; or
• Reverse stock splits of corporate shares occur.
Note: A change in a CUSIP number is a reportable event
on the FR Y-10 as a “Change in Characteristics.”
Exclusions:
• Do not report any CUSIP numbers associated with
entities that are nonsurvivors of mergers. In the event
of a merger, the nonsurvivor’s debt-related CUSIP
numbers will remain in use until outstanding debt is
paid off since the entity will still service the debt.
However, no new issues will be made under the
nonsurvivor’s CUSIP number. New debt instruments
will be issued under the survivor’s CUSIP number. The
nonsurvivor’s equity-related CUSIP numbers will be
retired.

Item 8.b - Legal Entity Identifier (LEI)
Effective December 31, 2015, report the LEI for the
Reporter’s Savings and Loan Companies if one already
exists. If the Savings and Loan Company does not have a
LEI, it is not required to obtain one. Refer to the Glossary
entry for “Legal Entity Identifier” for further information.
Item 9 - Savings and Loan Company Type
Check the box corresponding to the type that most
accurately describes the Savings and Loan Company:
• Stock SLHC
• HOLA 10(l) Stock SLHC
• Trust (non-testamentary) SLHC
• Mutual SLHC
• HOLA 10(l) Mutual SLHC
• Federal Savings Association
• State Savings Association
• Federal Savings Bank
• State Savings Bank HOLA 10(l) Election,

• Do not report CUSIP numbers associated with securitization vehicles and issuers of trust preferred securities.

• Cooperative Bank HOLA 10(l) Election, or

• Do not report any CUSIP numbers associated with
money market instruments4 such as certificates of
deposit, medium-term notes,5 and commercial paper.

Item 10 - Business Organization Type

• Do not report historical information on CUSIP numbers that existed prior to December 31, 2005.
Item 8.a - Tax ID Number
Report a 9-digit Tax ID number for the Reporter and its
reportable Savings and Loan Companies. A federal tax
identification number (also known as an employer identification number or EIN) is a nine-digit number assigned
solely to a business by the Internal Revenue Service. The
Tax ID Number is required only for entities located in the
United States.

4. However, subordinated issues should be included.
5. Medium term notes are a type of money market instrument with an
average maturity of 4 to 6 years.

SL-6

• Other, please describe.

Check the appropriate box to indicate the legal organization type of the Savings and Loan Company. If none of
the listed descriptions adequately describes the organization type, check the box next to “Other, please describe,”
and provide a text description.
Item 11 - Is the Savings and Loan Company
Consolidated in the Reporter’s Financial
Statements? (only reportable for foreign
investments)
Check “Yes” if the Savings and Loan Company is
consolidated in any subsidiary domestic insured depository institution’s Consolidated Reports of Condition and
Income (FFIEC 031) within the Reporter’s organization.
Otherwise, check “No.”
Note: If reporting for a foreign investment, but the
subsidiary domestic insured depository institution does
Savings and Loan Schedule

FR Y–10
October 2016

Savings and Loan Schedule

not file the Consolidated Reports of Condition and
Income (FFIEC 031), leave this item blank.

Interests in Partnerships or Limited Liability Companies:
Report these interests as described in Items 13.c and 13.d.

Ownership Section

Item 13.b - Percentage of Nonvoting Equity

Item 12 - Direct Holder’s Name and Location

Only if the Reporter has left Item 13.a blank because it
does not control more than 5 percent of any class of the
Savings and Loan Company’s voting shares, report the
percentage that, of the total nonvoting equity of the
Savings and Loan Company, is controlled by the direct
holder. Report the percentage rounded down to the
nearest whole percentage. For example, a percentage of
61.75 should be reported as 61.

Provide the legal name, city, state/province, and country
of the direct holder. If the Reporter holds the interest
through more than one direct holder, complete a separate
Savings and Loan Schedule for each direct holder. Leave
this item blank if filed by a Reporter about itself or for
event type “External Transfer.”
Item 13.a - Percentage of a Class of Voting Shares
If the Reporter in the aggregate controls more than
5 percent of a class of the Savings and Loan Company’s
voting shares, report the percentage of such class controlled by the direct holder. If the Reporter in the
aggregate controls more than 5 percent of more than one
class of the Savings and Loan Company’s voting shares,
report the direct holder’s percentage for the class in
which the Reporter controls the highest percentage. If
needed, see the instructions on page SL-1 (and accompanying footnote) of these instructions for further information on multiple classes of voting shares and multiple
direct holders.
To determine the appropriate percentage, round the actual
number down to the nearest whole percentage. For
example, a percentage of 79.85 should be rounded down
to 79.
Note: There are two exceptions to this rounding rule:
when the percentage is greater than 50 but less than 51,
report the percentage as 51, or if the percentage is
greater than 0 but less than 1, report the percentage as 1.
In general, a direct holder is considered to control all
shares that it has the power to vote, but not shares held in
a fiduciary capacity. However, shares held by the direct
holder as fiduciary are deemed controlled by the direct
holder if the shares are held for the benefit of employees,
shareholders, members, or affiliates of the Reporter or
any subsidiary of the Reporter, or if the shares are of a
SLHC or savings association organized under U.S. law
and the Reporter has directly or indirectly had the sole
power to vote the shares for more than 2 years. In
addition, a security that is convertible into a voting
security at a holder’s option is deemed to be a share of
the class into which it is convertible.
FR Y–10
Savings and Loan Schedule

October 2016

Note: There are two exceptions to this rounding rule:
when the percentage is greater than 50 but less than 51,
report the percentage as 51, or if the percentage is
greater than 0 but less than 1, report the percentage as 1.
Leave blank if the direct holder does not control any
nonvoting shares.
Item 13.c - Other Interest
If the Reporter has left Items 13.a and 13.b blank, check
the “Yes” box to indicate whether the direct holder has an
ownership interest, other than voting or nonvoting shares,
in the Savings and Loan Company. Such an interest may
include partnerships and limited liability companies,
exercise of control over the management of the Savings
and Loan Company through a management agreement, or
the direct holder’s election of one or more directors of the
Savings and Loan Company. Otherwise, check the “No”
box.
Item 13.d - Interests in Partnerships or Limited
Liability Companies
If the reportable company is a partnership or limited
liability company (LLC) indicated in Item 10, check the
appropriate box to indicate the ownership interest the
direct holder has in the reportable company: General
Partner/Managing Member or Limited Partner/NonManaging Member.
In general, partner interests should be reported as they are
designated in the partnership agreement and member
interests should be reported as they are designated in the
LLC agreement. However, if a partner is the sole
partner of a partnership or a member is the sole
member of an LLC, this partner or member should be
reported as the general partner or managing member,
respectively.
SL-7

Savings and Loan Schedule

Item 14 - Control by Direct Holder

Item 17.b - Secondary Activity

Check the appropriate box to indicate whether the direct
holder controls the Savings and Loan Company. To
determine if the direct holder controls the Savings and
Loan Company, apply the definition of “control” applicable to Savings and Loan Companies found in the Glossary.

For SLHCs, report the activity that generated the second
largest percentage of the company’s gross revenue as of
the company’s most recent fiscal year. For a Savings and
Loan Company that has been in operation for less than
one year, report the activity that the Reporter expects will
generate the second largest percentage of the Savings and
Loan Company’s gross revenue during the Savings and
Loan Company’s first fiscal year. Do not report more
than one secondary activity. If the Savings and Loan
Company does not engage in any activity other than its
primary activity or is a savings association, leave this
item blank.

Item 15 - Control by Reporter
Check the appropriate box to indicate whether the
Reporter controls the Savings and Loan Company. To
determine if the Reporter controls the Savings and Loan
Company, apply the definition of “control” in the Glossary applicable to Savings and Loan Companies found in
the Glossary.
Item 16 - Former Direct Holder’s Name and
Location
Provide the name and location of the former direct
holder, if the Event Type reported in Item l.a is an
‘‘External Transfer” or “Internal Transfer.”
Activity and Legal Authority Section

Item 17.c - Termination of Activity
Report the termination of any previously reported primary or secondary activity.
FRS Legal Authority Code
Consult Appendix A of these instructions and choose the
appropriate FRS legal authority code under which this
activity is being conducted. If you are still unsure,
consult your organization’s legal counsel.

Item 17.a - Primary Activity

NAICS Activity Code

Report the activity that generated the largest percentage
of the Savings and Loan Company’s gross revenue
during the Savings and Loan Company’s most recently
completed fiscal year. For a Savings and Loan Company
that has been in operation for less than one year, report
the activity that the Reporter expects will generate the
largest percentage of the Savings and Loan Company’s
gross revenue during the Saving and Loan Company’s
first fiscal year.

(North American Industry Classification System (NAICS)
Activity Codes) Select a five or six-digit NAICS code
from the U.S. Census Bureau’s website:
http://www.census.gov/epcd/www/naics.html.

SL-8

Description of Activity
Provide a text description of an activity only if unable to
identify a five or six-digit NAICS code corresponding to
the activity.

Savings and Loan Schedule

FR Y–10
October 2016

Specific Instructions for the
Nonbanking Schedule
FR Y–10

What to Report

Interests in Nonbanking Companies

Use this schedule to report the acquisition of interests in
Nonbanking Companies, and other transactions involving interests in Nonbanking Companies, with certain
exclusions.1 For purposes of the FR Y-10, a Nonbanking
Company is any company that is not a BHC, SLHC, bank
or savings association organized under U.S. law, Foreign
Banking Organization (FBO), or IHC that holds directly
or indirectly a bank organized under U.S. law. Nonbanking Companies include IHCs that do not directly or
indirectly hold a bank organized under U.S. law, Edge
and agreement corporations and foreign banks that are
not FBOs and any foreign bank subsidiary of a FBO
whose only U.S. presence is through a representative
office.2 In addition to completing a Nonbanking Schedule, a FHC must complete a 4(k) Schedule with respect to
the acquisition of an interest in a nonbanking company
that results in the FHC engaging in a nonbanking activity
it has not previously conducted. To complete the Nonbanking Schedule, check the appropriate event type
box(es), provide the date of the reportable event(s), and
complete other items on the schedule as directed in the
following instructions.

In general, a Reporter’s acquisition of an interest in a
Nonbanking Company is a reportable event if, as a result
of the acquisition, the Reporter directly or indirectly
acquires control of the Nonbanking Company. The acquisition of such an interest is reported either as an “Acquisition of a Going Concern” or as a “De Novo Formation.”
In all cases, a Reporter that is required to file a regulatory
financial report with the Federal Reserve System about a
Nonbanking Company is also required to file FR Y-10
report(s) regarding the subject Nonbanking Company. In
addition, a Reporter is required to file FR Y-10 reports
for any company (even if it does not otherwise meet the
reporting criteria) that is both a subsidiary of the Reporter
and a parent of the subject Nonbanking Company.3

Note: Although savings associations acquired by a BHC
are considered Nonbanking Companies, transactions
involving SLHCs and savings associations should be
reported on the Savings and Loan Schedule.

1. For purposes of the FR Y-10, “Banking Company” refers to BHCs
and banks as those terms are defined in the Bank Holding Company Act
(BHC Act), as well as to FBOs. Because savings associations, trust
companies not accepting demand deposits, certain industrial loan companies, and similar institutions are not included in the BHC Act definition of
bank, acquisition of an interest in such an institution should be reported on
the Savings and Loan Schedule, Nonbanking Schedule, or 4(k) Schedule,
as appropriate.
2. A Reporter that is a Nonbanking Company should use the Nonbanking Schedule to report information about itself.
FR Y–10
Nonbanking Schedule

October 2016

Control: To determine whether a Reporter controls a
Nonbanking Company for purposes of the FR Y-10,
apply the definition of “control” found in the Glossary. If
the Reporter is a Banking Company, apply the definition
of “control” for purposes of Banking Companies. If the
Reporter is a Savings and Loan Company, apply the
definition of “control” for purposes of Savings and Loan
Companies. In addition, with respect to control of interests held under authority of Subpart A of Regulation K,
please see the instructions for reporting such interests
under Item 15.
Note: In general, an interest in a Nonbanking Company
is not reportable unless the Reporter directly or indirectly
controls the Nonbanking Company.4 Accordingly, note
the following:
3. However, a Reporter need only report information in response to
Items 2.a, 3.a, 12, 13, and 14 with respect to a company that does not
otherwise meet the reporting criteria but is both a subsidiary of the
Reporter and a parent of a Nonbanking Company.
4. Some merchant banking or insurance company investments made
under authority of section 4(k) of the Bank Holding Company Act may be
reportable on the FR Y-10 even if the Reporter making the investment

NBK-1

Nonbanking Schedule

• Variable Interest Entities (as defined in Financial
Accounting Standards Board Interpretation No. 46R as
amended by FAS 167) generally are not reportable on
the FR Y-10.
• Advising and administering a mutual fund by itself
does not constitute a reportable interest of a Reporter in
that fund.
Exclusions: The following interests are not reportable on
the FR Y-10 even if they meet the definition of control
found in the Glossary:
• Inactive Companies: An interest in a company that
exists as a matter of law, but does not engage in any
business activity. The interest becomes reportable once
the company begins to engage in business, as follows:
report as either a “De Novo Formation” if the Reporter
has not previously reported an interest in the Nonbanking Company or report as a “Change in Activity or
Legal Authority” if the Reporter has previously reported
an interest in the Nonbanking Company. Note that the
term “inactive companies” includes companies that
have been setup as name-saving organizations or have
been formed or incorporated but do not yet conduct any
business activity. These types of companies become
reportable only when they commence an activity.
• U.S. Investments of Unaffıliated National Banks: Any
interest held under any authority other than Subpart A
of Regulation K, by a national bank not controlled by a
BHC or FBO.
• Companies Held by a Small Business Investment Company: Companies held directly or indirectly by Small
Business Investment Companies (SBICs) are not
required to be reported on the FR Y-10. However, if a
BHC or a FBO that is a FHC engaged in merchant
banking activities holds shares in the same merchant
banking investment through a merchant banking subsidiary as well as through a SBIC, the entire investment
is treated as the merchant banking investment, subject
to the reporting criteria.
• Debts Previously Contracted: An interest in a Nonbanking Company acquired to secure or collect a debt
previously contracted or in a Nonbanking Company
that solely holds assets acquired in satisfaction of a
does not control the company in which the investment is made. See the
4(k) Schedule for further information on the reportability of merchant
banking and insurance company investments.

NBK-2

debt previously contracted. A company that holds only
foreclosed properties should not be reported. Contrarily, a company that holds a mixture of foreclosed
properties and non-performing loans that are not yet in
default should be reported.
• Interests Held as Collateral: An interest held solely as
collateral securing an extension of credit.
• Companies Controlled Through an Insurance Underwriter: An interest in a Nonbanking Company organized under U.S. federal or state law, if controlled
directly or indirectly by an insurance underwriter. This
exception does not apply to either of the following: an
interest in a Nonbanking Company that is the underwriter’s highest-tier provider in the United States of
any primary line of insurance, or any interest that is a
reportable merchant banking or insurance company
investment as described in the 4(k) Schedule instructions.
• Special Purpose Vehicles (SPV): An interest in a
special purpose vehicle formed for specific leasing
transactions, such as a special purpose vehicle engaged
in a single leasing transaction.
• Companies Required to be Conformed or Divested: An
interest in any company which must be divested, or the
activities of which must be conformed, pursuant to
Sections 4(a) (2) or 4(n)(7) of the BHC Act, Section
10(c) of HOLA, or pursuant to a commitment made to
the Board or the Federal Reserve Bank. (See also 12
CFR 225.85.)
• Certain Interests Held Under Regulation K: With
respect to any company that is held under authority of
Subpart A of Regulation K, but is not a subsidiary of
the Reporter as defined in Section 211.2(w) of Regulation K,5 do not report any interest held directly or
indirectly by such company under authority of Subpart
A of Regulation K.
• Investments Held by FBOs Under Section 211.23(f)(5)
of Regulation K: A FBO that is, or is treated as, a
5. Note that the definition of “Subsidiary” in Section 211.2(w) of
Regulation K differs from the definition of subsidiary found in the Glossary appended to these instructions. For example, in general under Section
211.2(w) of Regulation K, Company B is a subsidiary of Company A if:
Company A directly or indirectly controls more than 50 percent of Company B’s voting securities; Company A is a general partner of Company B;
Company A directly or indirectly controls more than 50 percent of the
equity of Company B; or Company A otherwise controls Company B.

Nonbanking Schedule

FR Y–10
October 2016

Nonbanking Schedule

QFBO, need not report an interest in any Nonbanking
Company (1) that does not engage in any activities in
the U.S.; or (2) the U.S. activities of which, pursuant to
Section 211.23(f)(5) of Regulation K, are the same
kind of activities or related to the activities the company primarily conducts outside the U.S. This exception does not apply, however, to interests held by a
FBO through a BHC or bank organized under U.S. law,
or through an Edge or agreement corporation.
• Public Welfare Investments: Public welfare investments subject to prior-notice or post-notice filing
requirements with federal banking agencies (such as
CD-1 or H-6), if held through a company that has been
reported on the FR Y-10 and that is principally engaged
in community development or public welfare investment activities.
Subsequent Events: Once a Reporter has reported the
acquisition of a reportable interest in a Nonbanking
Company, the following events become reportable:
• Any subsequent sale, transfer or change in ownership
affecting the voting interest in whole or in part which
causes a direct holder’s interest to fall within a different
range than that previously reported;
• The transfer of all or part of a reportable company to
another subsidiary within the Reporter’s organization;
• A Reporter’s liquidation of a Nonbanking Company;
• Any changes rendering the Reporter’s interest in the
Nonbanking Company no longer reportable; or
• Any change to information previously reported on this
schedule.
Multiple Direct Holders: In the case of a reportable event
in which a Reporter acquires an interest in a Nonbanking
Company through more than one direct holder, the
Reporter must file a separate Nonbanking Schedule for
each direct holder.6 As long as the Reporter’s interest in
6. As noted in the instructions for Item 13.a of this schedule, a Reporter
that in the aggregate controls 25 percent or more of more than one class of
the Nonbanking Company’s voting shares need only report the class of
which the Reporter controls the highest percentage (the “highest class”). If
two or more classes could each be considered the highest class, a Reporter
must report each such class, if held by different direct holders. A Reporter
must file a separate Nonbanking Schedule for each direct holder through
which the Reporter controls shares of the highest class, but need not file
any schedule for a direct holder through which the Reporter controls only
shares of classes other than the highest class.
FR Y–10
Nonbanking Schedule

October 2016

the Nonbanking Company remains reportable, the
Reporter must report any subsequent acquisition of any
additional interest in the Nonbanking Company by any
additional direct holders.
Reporting Mergers: When a Nonbanking Company is
merged into a Reporter or a Reporter’s subsidiary as part
of the same transaction in which the Reporter acquires
the Nonbanking Company (i.e., the Nonbanking Company no longer exists as a legal entity), the acquisition of
that Nonbanking Company should be reported on the
Merger Schedule instead of the Nonbanking Schedule.
Check box if correction: Check this box to indicate that
previously reported information was filed incorrectly and
has been corrected with the information provided.
Item l.a – Event Type
Check all the event type box(es) that apply. Do not report
events that occur on separate dates on the same schedule.
Acquisition of a Going Concern: Initial acquisition by a
direct holder of an interest in a Nonbanking Company
that is a going concern. To report, check the event type
box next to “Acquisition of a Going Concern,” report the
date of the event in Item 1.b, and complete all sections of
the schedule. Subsequent acquisition by the same direct
holder of additional shares or other additional interests in
the Nonbanking Company or disposition of such shares
or interests should be reported as a “Change in Ownership.”
Note: If the acquired going concern has one or more
subsidiaries, the Reporter must file a separate Banking,
Savings and Loan, or Nonbanking Schedule (as appropriate) for each subsidiary.
De Novo Formation: Opening for business of a new
Nonbanking Company in which a direct holder has an
interest. To report, check the event type box next to “De
Novo Formation,” report the date of the event in Item 1.b,
and complete all sections of the schedule. An interest in a
Nonbanking Company is not reportable until the Nonbanking Company opens for business.
External Transfer: Sale, divestiture, or other transfer of a
direct holder’s entire previously reported interest in a
Nonbanking Company, to a company other than the
Reporter or its subsidiaries. To report, check the event
type box next to “External Transfer,” report the date of
the event in Item 1.b, the Nonbanking Company’s legal
name in Item 2.a, and location in Item 3.a of the
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Nonbanking Schedule

Characteristics Section. In addition, in the Ownership
Section, the Reporter should list the name and location of
the former direct holder of the divested company in Item
16. Item 12 should be left blank.
Note: Report any partial external transfer of a previously
reported interest in a Nonbanking Company as a “Change
in Ownership.”
Internal Transfer: Sale or other transfer of a direct
holder’s entire previously reported interest in a Nonbanking Company to the Reporter or to a different subsidiary
of the Reporter, as part of an internal reorganization. To
report, check the event type box next to “Internal Transfer,” report the date of the event in Item 1.b, the
Nonbanking Company’s legal name in Item 2.a, and
location in Item 3.a of the Characteristics Section. In
addition, in the Ownership Section, report the new direct
holder’s (the acquirer’s) name and location in Item 12,
and report the former direct holder’s (the seller’s) name
and location in Item 16. If the event results in any change
in legal authority, also report the new legal authority code
in the Activity and Legal Authority Section.
Note: Report any partial internal transfer of a previously
reported interest in a Nonbanking Company by filing two
Nonbanking Schedules: one as a “Change in Ownership” by the transferring direct holder and one as an
“Acquisition of a Going Concern” by the acquiring
direct holder. The transferring direct holder should report
by following the directions for reporting a “Change in
Ownership”. The acquiring direct holder need only
report the date of the event in Item 1.b, the Nonbanking
Company’s legal name in Item 2.a, and complete the
Ownership Section, as appropriate, excluding Item 16. If
the event results in any change in legal authority, also
report the new legal authority code in the Activity and
Legal Authority Section.
Change in Ownership: Denote any of the following: an
increase or decrease in a direct holder’s ownership
percentage of a class of voting shares of a Nonbanking
Company if the resulting percentage would fall within a
range different from the range previously reported in
Item 13.a of the Ownership Section; a change in the
direct holder’s status with respect to control of any other
ownership interest in the Nonbanking Company or control of the Nonbanking Company; or a change in the
Reporter’s status with respect to control of the Nonbanking Company. A direct holder’s ownership percentage of
a class of voting securities may change due to acquisition
NBK-4

of additional shares, sale or transfer of some of the direct
holder’s shares, stock redemption, nonparticipation in a
share issuance by the reportable Nonbanking Company,
or other causes. To report, check the event type box next
to “Change in Ownership,” report the date of the event in
Item l.b, the Nonbanking Company’s legal name in Item
2.a, and location in Item 3.a of the Characteristics
Section. In addition, in the Ownership Section complete
Items 12, 13, 14, 15, and, 16, as appropriate, to reflect the
Change in Ownership.
Liquidation: Liquidation of a Nonbanking Company in
which a direct holder previously had reported an interest.
For purposes of the FR Y-10, liquidation refers to final
distribution of assets, satisfaction of liabilities, and closing of capital accounts of a company, as opposed to sale
or transfer of the company. Liquidation may result from
voluntary dissolution or bankruptcy, and the liquidation
process typically ends with termination of the company’s
legal existence. To report, check the event type boxes
next to “No Longer Reportable” and “Liquidation,”
report the date of the event in Item 1.b, the Nonbanking
Company’s legal name in Item 2.a, and location in Item
3.a of the Characteristics Section.
Note: A Reporter need not file a FR Y-10 if liquidating a
company previously reported as “Became Inactive.”
Change in Characteristics: Change of a Nonbanking
Company’s legal name or address or any other change to
information previously reported on the Characteristics
Section of this schedule. To report, check the event type
box next to “Change in Characteristics” and report the
date of the event in Item 1.b. In addition, to report a name
change, complete Items 2.a and 2.b and for relocation,
complete Items 3.a and 3.b. For any other change to this
section, report the Nonbanking Company’s legal name in
Item 2.a and location in Item 3.a of the Characteristics
Section, and report updated information for the appropriate items in the section.
Change in Activity or Legal Authority: Change in a
Nonbanking Company’s previously reported primary or
secondary activity, commencement of a secondary activity, termination of a previously reported activity, or
change in the legal authority under which a previously
reported activity is conducted. To report, check the event
type box next to “Change in Activity or Legal Authority,” report the date of the event in Item 1.b, the Nonbanking Company’s legal name in Item 2.a, and location in
Item 3.a of the Characteristics Section. In addition, in the
Nonbanking Schedule

FR Y–10
October 2016

Nonbanking Schedule

Activity and Legal Authority Section, report only the
updated information.

date of the event in Item 1.b, and complete all sections of
the schedule.

No Longer Reportable: Any transaction that renders a
Reporter’s interest in a Nonbanking Company no longer
reportable. In general, once a Reporter acquires control
of a Nonbanking Company, the Reporter’s interests in the
Nonbanking Company remain reportable so long as the
Nonbanking Company is actively engaged in business
and the Reporter controls the Nonbanking Company
(apply the definition of control in the Glossary). To
report, check the event type box next to “No Longer
Reportable.” In addition, check the event type box corresponding to the event type that rendered the interest no
longer reportable and follow the instructions for reporting that event type. Event types that will render an
interest no longer reportable include “External Transfer,”
“Liquidation,” and “Became Inactive.” Event types that
may render an interest no longer reportable include
“Change in Ownership,” and “Change in Activity or
Legal Authority.”

Other: If none of the listed event types adequately
describes the reportable event, check the box next to
“Other, please describe,” and provide a text description in
the space provided.

Note: If reporting a company, which has subsidiaries, as
“No Longer Reportable,” please report the disposition of
each subsidiary. Typically the disposition of a company’s
interest in a subsidiary may be reported as an “External
Transfer,” “Internal Transfer,” “Liquidation,” or
“Became Inactive,” as appropriate.

• Change in Ownership: the first day the reportable direct
holder’s ownership level changed;

Became Inactive: Cessation of business activity by a
company in which a direct holder previously had reported
an interest. To report, check the event type boxes next to
“No Longer Reportable” and “Became Inactive,” report
the date of the event in Item 1.b, the Nonbanking
Company’s legal name in Item 2.a, and the location in
Item 3.a of the Characteristics Section. If a Nonbanking
Company that is inactive subsequently becomes active
and was not previously reported by the Reporter, report
as a “De Novo Formation.” However, if the Reporter had
previously reported an interest in the Nonbanking Company and it subsequently became inactive and then it was
re-activated, report the event as a “Change in Activity or
Legal Authority.”
Became Reportable: Any transaction that renders reportable a Reporter’s interest in a Nonbanking Company that
is already a going concern, but does not involve the
Reporter’s initial acquisition of an interest in, or formation of, that Nonbanking Company. To report, check the
event type box next to “Became Reportable,” report the
FR Y–10
Nonbanking Schedule

October 2016

Item 1.b – Date of Event
Provide the calendar date on which the reportable event
took legal effect as follows:
• Acquisition of a Going Concern: the first day the
reportable company was acquired by the direct holder;
• De Novo Formation: the first day the new reportable
company opened for business;
• External Transfer: the last day the reportable company
was held by the direct holder;
• Internal Transfer: the first day a reportable company
was held by a direct holder;

• Liquidation: the last day the Nonbanking Company
was held by the direct holder;
• Became Inactive: the last day on which the Nonbanking Company ceased engaging in business;
• Change in Characteristics: the first day the Nonbanking
company’s characteristics changed;
• Change in Activity or Legal Authority: the first day the
activity or legal authority changed;
• Became Reportable: the first day on which the Nonbanking Company became reportable.
Examples:
• BHC A is reporting the inactivity of Nonbank 1. The
last day Nonbank 1 was active and open for business
was on Friday, January 5. The date of event should be
the last day the reportable company was open - Friday,
January 5;
• BHC B is reporting the liquidation of Nonbank 2. The
last day Nonbank 2 was active and open for business
was Wednesday, March 22. The date of event should be
the last day the reportable company was open Wednesday, March 22;
NBK-5

Nonbanking Schedule

• BHC C is reporting the internal transfer of Nonbank 3
from Nonbank E, to Nonbank F. The last day Nonbank
E held Nonbank 3 was Monday, June 10. The date of
event should be the first day the reportable company
was held by the direct holder. (Nonbank 5) Tuesday
June 11.
• BHC D is reporting the acquisition of Nonbank 6. The
date Nonbank 6 was acquired by BHC D is Tuesday,
September 15. The date of event should be the date the
reportable company was acquired by the direct holder Tuesday, September 15.
• FBO F has designated an existing nonbank subsidiary,
Nonbank Company Z, an IHC on Friday, July 1, 2016.
The date of the event is Friday, July 1. For purposes of
the FR Y-10, the parent FBO is considered the Reporter
for IHC, Nonbank Company Z.
Characteristics Section
Item 2.a – Legal Name of Nonbanking Company
Provide the Nonbanking Company’s current full legal
name.
Item 2.b – If Name Change or Correction, Prior Legal
Name of Nonbanking Company
In the event of a name change or correction, provide the
Nonbanking Company’s previously reported legal name.
Item 3.a – City and County (Physical Location),
State/Province, Country, Zip/Postal Code; and State
or Country (if foreign) of Incorporation
Use the U.S. Postal Service address to provide the current
city, county, state/province, country, and zip/postal code
for the head office of the Nonbanking Company. Report
the nine-digit zip code, if available. To determine the
appropriate address to report, please see the definition of
physical location defined in the Glossary.
To determine the appropriate address to report, please see
the definition of physical location found in the Glossary.
For de novo formations, acquisitions, and changes in
characteristics, companies that are incorporated/
organized in the U.S. should report the state of incorporation and companies that are incorporated/organized
outside of the U.S. should report the country of incorporation. Reporters may also report the state or country of
incorporation for other event types. The state or country
(if foreign) of incorporation is required for all business
organization types. For instance, limited liability compaNBK-6

nies should report the state or country in which they filed
their articles of organization.
Item 3.b – If Relocation or Correction, Prior City and
County (Physical Location), State/Province, Country,
Zip/Postal Code; and State or Country (if foreign) of
Incorporation
In the event of a relocation or correction, provide the
prior city, county, state/province, country, and zip/postal
code for the head office of the Nonbanking Company.
Report the nine-digit zip code if available. Also report the
state or country (if foreign) of incorporation. If U.S.
report the state of incorporation and if foreign report the
country of incorporation.
Item 4.a – If the Nonbanking Company is a Functionally Regulated Subsidiary, indicate its functional regulator
Check the box to indicate the regulator(s) of the Nonbanking Company, if the Nonbanking Company is not an
insured depository institution but is regulated by one of
the functional regulators listed below. If the Nonbanking
Company is not regulated by one of the functional
regulators listed below, check the box next to “Not
Applicable.”
• Not applicable;
• The Securities and Exchange Commission (SEC) and
the Commodity Futures Trading Commission (CFTC);
or
• The Securities and Exchange Commission (SEC) only;
or
• The Commodity Futures Trading Commission (CFTC)
only; or
• A state securities department; or
• A state insurance regulator.
Item 4.b – Is the Nonbanking Company a Financial
Subsidiary of an Insured Depository Institution?
Check the applicable box to indicate whether or not the
Nonbanking Company is a financial subsidiary. A financial subsidiary is a subsidiary of an insured depository
institution that, as authorized under 12 U.S.C. 24a, 335,
or 1831w, engages in activities not permissible for the
insured depository institution itself.
Note: Nonbank subsidiaries under a savings association
do not meet the definition of a Financial Subsidiary, 12
CFR 223.72(b)(8).
Nonbanking Schedule

FR Y–10
October 2016

Nonbanking Schedule

Item 5 — Fiscal Year End (IHCs Only)
Provide the month and day of the IHC’s fiscal year end.
Leave blank if the Nonbanking Company is not an IHC.
Item 6 – SEC Reporting Status
Check the box corresponding to the Nonbanking
Company’s current SEC reporting status:
• Not ApplicableThis box should be checked if the Nonbanking Company is not subject to any of the other check box
selections described for this item. For example: A De
Novo nonbank that is not subject to sections 13(a) or
15(d) of the Securities Exchange Act of 1934.
• Subject to 13(a) or 15(d) of Securities Exchange Act
of 1934 and Section 404 of SOX ActThis box should be checked if the Nonbanking Company meets the requirements to file annual and other
periodic reports pursuant to section 13(a) or 15(d) of
the Securities Exchange Act of 1934 and is also subject
to Section 404 of the Sarbanes-Oxley Act of 2002,
regardless if the Nonbanking Company has a delay in
reporting under Section 404 of the Sarbanes-Oxley Act
of 2002.
Note: Pursuant to section 12(i) of the Securities
Exchange Act of 1934, the Federal Reserve has delegated authority to act on behalf of the Securities and
Exchange Commission to collect reports from nonbank
subsidiaries of state member banks. Therefore, nonbank subsidiaries of state member banks should apply
the same SEC reporting requirements pursuant to
section 13(a) and 15(d) of the Securities Exchange Act
of 1934 and should check this box if such periodic SEC
reports are filed to the Board of Governors instead of
the Securities and Exchange Commission.
• Subject to 13(a) or 15(d) of Securities Exchange Act
of 1934, but not Section 404 of SOX ActThis box should be checked if the Nonbanking Company is required to file annual and other periodic
reports pursuant to section 13(a) or 15(d) of the
Securities Exchange Act of 1934 and not subject to the
Sarbanes-Oxley Act of 2002. Do not check this box if
the Nonbanking Company has a delay in reporting
under Section 404 of the Sarbanes-Oxley Act of 2002.
• Terminated or Suspended reporting requirements
under 13(a) or 15(d) of the Securities Exchange Act
of 1934 FR Y–10
Nonbanking Schedule

October 2016

This box should be checked if the Nonbanking Company has terminated or suspended duties to file periodic
reports under section 13(a) or 15(d) of the Securities
Exchange Act of 1934 for reasons specified by the SEC
regulations.
Item 7 – CUSIP Number:
The Reporter must report the most recently assigned and
currently active six-digit CUSIP number for the Reporter’s largest subsidiary Nonbanking Company in the U.S
with an active CUSIP number. A CUSIP number identifies most securities, including (1) stocks and debt (including subordinated issues) of all SEC-registered U.S. companies and (2) U.S. government and municipal bonds.
The number consists of nine characters (a combination of
letters and numbers) in which the first six digits uniquely
identify an issuer. The first six digits (leading six digits)
should be reported in the boxes on Item 7.
The six-digit CUSIP number may change, for example
when:
• The last three digits of the nine-digit CUSIP number
are not sufficient to accommodate all outstanding issues
(greater than 999) and an additional issuer (six-digit)
CUSIP number is assigned; or
• Changes occur to the corporate name, whether or not
associated with a merger or reorganization; or
• Reverse stock splits of corporate shares occur.
Note: A change in the CUSIP number is a reportable
event on the FR Y-10 as a “Change in Characteristics.”
The largest subsidiary Nonbanking Company in the U.S.
with an active CUSIP number is determined by dividing
the total assets of each U.S. subsidiary Nonbanking
Company with an active CUSIP number by the consolidated assets of the Reporter as of the most recent
December 31 and ranking the percentages from the
highest to lowest (with the resulting entity with the
highest percentage value). If available, please use total
assets reported on Federal Reserve or FFIEC regulatory
reports.
The largest U.S. subsidiary Nonbanking Company with
an active CUSIP number must be assessed only once a
year as of December 31. Thus any changes to the CUSIP
numbers for this subsidiary that occur during the year
should be reported within thirty days. If there is a change
as to which company is the largest U.S. subsidiary
NBK-7

Nonbanking Schedule

Nonbanking Company with an active CUSIP number
(when reviewing the most recent December 31 financial
data), begin reporting information on the new subsidiary
starting January 30 the following year.
Exclusions:
• Do not report any CUSIP numbers associated with
entities that are nonsurvivors of mergers. In the event
of a merger, the nonsurvivor’s debt-related CUSIP
numbers will remain in use until outstanding debt is
paid off since the entity will still service the debt.
However, no new issues will be made under the
nonsurvivor’s CUSIP number. New debt instruments
will be issued under the survivor’s CUSIP number. The
nonsurvivor’s equity-related CUSIP numbers will be
retired.
• Do not report CUSIP numbers associated with securitization vehicles and issuers of trust preferred securities.
• Do not report any CUSIP numbers associated with
money market instruments7 such as certificates of
deposit, medium-term notes8, and commercial paper.
• Do not report historical information on CUSIP numbers that existed prior to December 31, 2005.
Item 8.a – Tax ID Number
Report a 9-digit Tax ID number for the Reporter and its
reportable Nonbanking Companies. A federal tax identification number (also known as an employer identification number or EIN) is a nine-digit number assigned
solely to a business by the Internal Revenue Service. The
Tax ID Number is required only for entities located in the
United States.
Item 8.b – Legal Entity Identifier (LEI)
Effective December 31, 2015, report the LEI for the
Reporter’s Nonbanking Companies if one already exists.
If the Nonbanking Company does not have a LEI, it is not
required to obtain one. Refer to the Glossary entry for
“Legal Entity Identifier” for further information.
Item 9 – Nonbanking Company Type
Provide the Nonbanking Company type from the list
below. The type selected should be based upon the legal
documents issued by the chartering or licensing authority

or other documents of formation. Note that a reportable
change in nonbank company entity type is likely to be
associated with a change in activity.
Nonbanking Company Types
Industrial bank, industrial loan company
or Morris Plan bank
Limited charter bank
Banking Edge or agreement corporation
Depository trust company
Investment Edge or agreement corporation
Foreign bank other than a FBO
Securities underwriter or Securities broker or dealer
Insurance underwriter
Insurance broker or agent
Nondepository trust company
U.S. Intermediate Holding Company that does not directly
or indirectly hold a bank organized under U.S. law
Other holding company
Other company - If “Other, please describe”9
Item 10 – Business Organization Type
Check the appropriate box to indicate the legal business
organization type of the Nonbanking Company. If none
of the listed descriptions adequately describes the organization type, check the box for “Other, please describe”
and provide a text description.
Item 11 - Is the Nonbanking Company
Consolidated in the Reporter’s Financial
Statements? (for certain types of foreign offices)
Answer this question only if the Nonbanking Company is
one of the following “foreign” offices: (a) Consolidated
subsidiary in a foreign country; or (b) Majority-owned
Edge or agreement subsidiary. Check “Yes” only if the
Nonbanking Company is consolidated in any subsidiary
domestic commercial bank’s Consolidated Reports of
Condition and Income (FFIEC 031) within the Reporter’s
organization. Otherwise, check “No.”
Note: A consolidated subsidiary in Puerto Rico or a U.S.
Territory or possession is a “foreign” offıce.
Ownership Section
Item 12 – Direct Holder’s Name and Location
Provide the legal name, city, state/province, and country
of the direct holder. If the Reporter holds the interest
through more than one direct holder, complete a separate

7. However, subordinated issues should be included.
8. Medium term notes are a type of money market instrument with an
average maturity of 4 to 6 years.

NBK-8

9. Companies formed to issue trust preferred securities typically are
reported as “Other company.”

Nonbanking Schedule

FR Y–10
October 2016

Nonbanking Schedule

Nonbanking Schedule for each direct holder. Leave this
item blank on any Nonbanking Schedule filed by a
Reporter about itself or for event type “External Transfer.”
Item 13.a – Percentage of a Class of Voting Shares
If the Reporter in the aggregate controls 25 percent or
more of a class of the Nonbanking Company’s voting
shares, check the appropriate box for the percentage of
such class controlled by the direct holder. If the Reporter
in the aggregate controls 25 percent or more of more than
one class of the Nonbanking Company’s voting shares,
check the box corresponding to the direct holder’s percentage for the class in which the Reporter controls the
highest percentage. If needed, see the instructions on
NBK-3 (and accompanying footnote) of these instructions for further information on multiple classes of voting
shares and multiple direct holders.
To determine the appropriate box to check, round the
actual percentage down to the nearest whole percentage.
For example, a percentage of 79.85 should be rounded
down to 79 and reported by checking the box next to
“>50% to <80%”.
Note: There are two exceptions to this rounding rule:
when the percentage is greater than 50 but less than 51,
report the percentage as 51 by checking the box next to
“>50% to <80%”; and if the percentage is greater than
0 but less than 1, report the percentage by checking the
box next to “<25% but 25% or more in the aggregate or
otherwise controlled elsewhere within the organization.”
In general, a direct holder is considered to control all
shares that it has the power to vote, but not shares held in
a fiduciary capacity. However, shares held by the direct
holder as fiduciary are deemed controlled by the direct
holder if the shares are held for the benefit of employees,
shareholders, members, or affiliates of the Reporter or
any subsidiary of the Reporter. In addition, a security that
is convertible into a voting security at a holder’s option is
deemed to be shares of the class into which the security is
convertible.

shares, exercise of control over the management of the
Nonbanking Company through a management agreement, or the direct holder’s election of one or more
directors of the Nonbanking Company. Otherwise, check
the box next to “No.”
Item 13.c – Interests in Partnerships or Limited
Liability Companies
If the reportable company is a partnership or limited
liability company (LLC) as indicated in Item 10, check
the appropriate box to indicate the ownership interest the
direct holder has in the reportable company: “General
Partner/Managing Member” or “Limited Partner/NonManaging Member.”
In general, partner interests should be reported as they are
designated in the partnership agreement and member
interests should be reported as they are designated in the
LLC agreement. However, if a partner is the sole
partner of a partnership or a member is the sole
member of an LLC, this partner or member should be
reported as the general partner or managing member,
respectively.
Item 14 – Control by Direct Holder
Check the appropriate box to indicate whether the direct
holder controls the Nonbanking Company. To determine
if the direct holder controls the Nonbanking Company,
apply the standard found in the definition of “control” in
the Glossary.
Item 15 – Regulation K, Subpart A Investments
Complete this item only if the interest in the Nonbanking
Company is held under authority of Subpart A of Regulation K (12 CFR section 211.1 et seq.). This item is
intended to indicate the character of the investment under
subpart A of Regulation K. For interests held under
Subpart A of Regulation K, check the box that best
describes the Reporter’s aggregate investment in the
Nonbanking Company.

Interests in Partnerships or Limited Liability Companies:
Report these interests in Items 13.b and 13.c.

The FR Y-10 relies on the Regulation Y standard of
control, found in the definition of control found in the
Glossary, for determining the reportability of investments in Nonbanking Companies, regardless of the
authority10 (e.g., Regulation K or Y) under which those

Item 13.b – Other Interest
Only if the Reporter has left Item 13.a blank check the
box next to “Yes” to indicate whether the direct holder
has an ownership interest, other than voting shares, in the
Nonbanking Company. Such an interest may include
partnerships and limited liability companies, nonvoting

10. Those investments that are made under authority of Subpart A of
Regulation K that are not reportable on the FR Y-10 are subject to the
internal record-keeping requirements described in SR 02-2, and may be
reportable on the FR Y-6 or Y-7 in accordance with the specific instructions to that reporting form.

FR Y–10
Nonbanking Schedule

October 2016

NBK-9

Nonbanking Schedule

investments were made. The control standard applicable
under Subpart A of Regulation K differs in some respects
from the Regulation Y control standard. The Reporter
should follow the “control” standard set forth in the
Glossary in determining the reportability of investments
made under subpart A of Regulation K. The Reporter
should refer to the Regulation K definitions of “subsidiary” (12 CFR section 211.2(w)), “joint venture” (12 CFR
section 211.2(p)), and “portfolio investment” (see 12
CFR sections 211.2(u) and 211.8(c)(3)(i)) for purposes of
characterizing the nature of the investment under Regulation K and responding to this report item.
Under Regulation K:
• A Nonbanking Company is a subsidiary of a Reporter
for purposes of Item 15 if the Reporter directly or
indirectly holds more than 50 percent of the Nonbanking Company’s voting shares, or the Nonbanking Company is otherwise controlled or capable of being controlled by the Reporter or an affiliate under any
authority. Among other circumstances, an investor is
considered to control an organization if: the Reporter
or an affiliate is a general partner of the Nonbanking
Company; or the Reporter and its affiliates directly or
indirectly own or control more than 50 percent of the
equity of the Nonbanking Company. See 12 CFR
211.2(w).
• An investment in a Nonbanking Company is a joint
venture of a Reporter for purposes of Item 15 if the
Nonbanking Company is not a subsidiary of the
Reporter (as defined immediately above), but the
Reporter or an affiliate directly or indirectly holds 20
percent or more of the Nonbanking Company’s voting
shares under any authority. See 12 CFR 211.2(p).
• An investment in a Nonbanking Company is a portfolio
investment of a Reporter for purposes of Item 15 if the
total direct and indirect investments by the Reporter
and its affiliates in the Nonbanking Company, when
combined with all other shares in the Nonbanking
Company held under any authority, do not exceed: 40
percent of the total equity of the organization; or 19.9
percent of the Nonbanking Company’s voting shares.
See 12 CFR 211.8(c)(3)(i), and also 12 CFR 211.2(u).

NBK-10

Item 16 – Former Direct Holder’s Name and
Location
Provide the name and location of the former direct
holder if Event Type reported in Item l.a is an
“External Transfer” or “Internal Transfer.”
Activity and Legal Authority Section
Item 17.a – Primary Activity
Report the activity that generated the largest percentage
of the Nonbanking Company’s gross revenue during the
Nonbanking Company’s most recently completed fiscal
year. For a Nonbanking Company that has been in
operation for less than one year, report the activity that
the Reporter expects will generate the largest percentage
of the Nonbanking Company’s gross revenue during the
company’s first fiscal year.
Item 17.b – Secondary Activity
Report the activity that generated the second largest
percentage of the company’s gross revenue as of the
company’s most recent fiscal year. For a Nonbanking
Company that has been in operation for less than one
year, report the activity that the Reporter expects will
generate the second largest percentage of the Nonbanking Company’s gross revenue during the Company’s first
fiscal year. Do not report more than one secondary
activity. If the Nonbanking Company does not engage in
any activity other than its primary activity, leave this item
blank.
Item 17.c – Termination of Activity
Report the termination of any previously reported primary or secondary activity.
FRS Legal Authority Code
Consult Appendix A of these instructions and choose the
appropriate FRS legal authority code under which
this activity is being conducted. If still unsure, consult
your organization’s legal counsel.
NAICS Activity Code
(North American Industry Classification System (NAICS)
Activity Codes) Select a five or six-digit NAICS code
from the U.S. Census Bureau’s website
http://www.census.gov/eos/www/naics/
Description of Activity
Provide a text description of an activity only if unable to
identify a five or six-digit NAICS code corresponding to
the activity.

Nonbanking Schedule

FR Y–10
October 2016

Specific Instructions for the
Merger Schedule
FR Y–10

What to Report
Use this schedule to report a merger of a Banking,
Savings and Loan, or Nonbanking Company, with a
Reporter or with a company in which the Reporter has a
previously reported interest, if after the merger the
Reporter has a reportable interest in the surviving company. If correcting information previously reported on
this schedule, check the box provided for that purpose at
the top of the schedule.
Determine the surviving company based upon considerations such as the source of the management of the
merged company and the relative asset size of each
company involved in the merger, irrespective of the
source of the surviving charter. If the merger involves
more than one nonsurviving company, file a separate
schedule for each nonsurvivor.

Company B merges with and into the Reporter, with the
Reporter as the surviving company:
Reporter
Survivor

Company B
Nonsurvivor

Company B merges with and into Company A, with
Company A as the surviving company:
Reporter

Company A
Survivor

Company B
Nonsurvivor

Note: The following event types are not reportable on a
Merger Schedule:

To report these types of events, complete the Merger
Schedule.

• The disposition of banking, savings and loan, or nonbanking, subsidiaries of merged (nonsurviving) entities. Complete other FR Y-10 schedules, as appropriate, for these reportable business events.

Merger Involving the Acquisition of a Company, with the
Company as Survivor: In the following example, Company B is not affiliated with the Reporter prior to the
merger. Company A merges into Company B, with
Company B as the survivor, and the Reporter acquires a
reportable interest in Company B as a result of the
merger.

• Banking, savings and loan, or nonbanking, companies
that, as a result of a merger, become non-reportable.
Changes to the status of these entities should be
reported on the appropriate Banking, Savings and
Loan, or Nonbanking, Schedule.

Reporter

Reportable Events
The following are event types reported on this schedule.
Merger Involving the Acquisition of a Company, with
Reporter or Reporter Subsidiary as Survivor: In the
following examples, Company B is not affiliated with the
Reporter before the merger.
FR Y–10
Merger Schedule

October 2016

Company A
Nonsurvivor

Company B
Survivor

To report this type of event, complete the Merger Schedule. In addition, complete a Banking, Savings and Loan,
MER-1

Merger Schedule

or Nonbanking, Schedule, as appropriate, for the surviving company, according to instructions for “Acquisition
of a Going Concern.”
Internal Merger: In the following example, the Reporter
has previously reported interests in both Company A and
Company B. Company B merges into Company A, with
Company A as the surviving company.
Reporter

Company A
Survivor

Company B
Nonsurvivor

To report this type of event, complete the Merger Schedule.

Non-reportable Events
Mergers Involving an External Transfer:
In the following example, Company B is unaffiliated with
the Reporter both before and after the merger. Company
A merges with Company B, with Company B as the
surviving company.

Company B
Survivor

Do not report this type of merger on this schedule.
Instead, report on the Banking, Savings and Loan, or
Nonbanking, Schedule as appropriate for the company

MER-2

Note: If a bank is the only subsidiary held by a BHC, and
the subsidiary bank merges, one of the following events
should be reported on the Banking or Merger Schedule,
as appropriate: No longer reportable, the BHC liquidated, the BHC was merged, or the BHC was acquired as
a lower-tier BHC. Similarly, if a savings association is
the only subsidiary held by a SLHC, and the subsidiary
savings association merges, one of the following events
should be reported on the Savings and Loan Schedule or
Merger Schedule, as appropriate: No longer reportable,
the SLHC liquidated, the SLHC was merged, or the
SLHC was acquired as a lower-tier SLHC.
Check box if correction: Check this box to indicate that
previously reported information was filed incorrectly and
has been corrected with the information provided.
Item 1 - First Full Calendar Date the Nonsurvivor No
Longer Exists
All information provided for a particular transaction date
or effective date should reflect the structure of the
organization on the first full calendar date the nonsurvivor no longer exists.
Item 2 - Survivor
Provide the surviving company’s current legal name and
the location of the company’s head office.
Item 3 - Nonsurvivor
Provide the nonsurviving company’s legal name and the
location of the company’s head office.

Reporter

Company A
Nonsurvivor

being transferred (Company A in this case), following
the instructions for “External Transfer.”

Item 4 - Did the head office of the nonsurvivor become
a branch of the survivor?
Only for a merger involving an insured depository institution organized under U.S. law, check the appropriate
box to indicate whether the head office of the nonsurviving company became a branch of the surviving company.
If the response is “Yes”, submit a Domestic Branch
Schedule to indicate the popular name of the branch.

Merger Schedule

FR Y–10
October 2016

Specific Instructions for
the 4(k) Schedule
FR Y–10

What to Report
Use this schedule to fulfill legal obligations of FHCs
under Section 4(k) of the BHC Act or Section 10(c)(2)(H)
of HOLA to notify the Federal Reserve System within 30
days of commencing a new 4(k) activity by acquiring a
controlling interest in a going concern or a de novo
company, or making certain large merchant banking or
insurance company investments. To determine if a FHC
controls a Nonbanking Company, apply the definition of
‘‘control’’ found in the Glossary section of these instructions. If the FHC is a Banking Company, apply the
definition of ‘‘control’’ for purposes of Banking Companies. If the FHC is a Savings and Loan Company, apply
the definition of ‘‘control’’ for purposes of Savings and
Loan Companies.
Note: In some instances a Reporter must complete a
Nonbanking Schedule in addition to completing this
schedule.

Reportable Events
The following event types are reportable on this schedule.
New Activity Commenced Directly by a FHC or through
an Existing Subsidiary: Commencement under Section
4(k) of the BHC Act or Section 10(c)(2)(H) of HOLA by
a FHC, whether directly or indirectly through an existing
subsidiary (or subsidiaries), of an activity not previously
engaged in directly or indirectly by the FHC. If a new
activity is commenced through more than one subsidiary
on the same date, only one 4(k) Schedule is required. If
more than three new activities are commenced, complete
additional schedules, as needed. In Item l.a, check the
box next to ‘‘New Activity Commenced Directly by a
FHC or through an Existing Subsidiary.’’ Report the date
of the event in Item 1.b. In Item 2.a, check the box next to
the appropriate FRS legal authority code, provide the five
or six-digit NAICS activity code, and provide a descripFR Y–10
4(k) Schedule

December 2012

tion of the activity only if unable to identify a five or
six-digit NAICS code corresponding to the new activity.
Report additional new activities in Items 2.b and 2.c if
applicable.
Note: If commencement of the new activity results in a
change to the primary or secondary activity of the FHC
or any of its subsidiaries, also report as a ‘‘Change in
Activity or Legal Authority’’ on the Banking, Savings and
Loan, or Nonbanking Schedule, as appropriate, with
respect to the relevant FHC or FHC subsidiary.
New Activity Commenced Through Acquisition of a
Going Concern: A FHC’s acquisition of control of a
Nonbanking Company (or companies) pursuant to Section 4(k) of the BHC Act or Section 10(c)(2)(H) of
HOLA that also results in the FHC conducting an activity
not previously engaged in directly or indirectly by the
FHC. To determine if a FHC controls a Nonbanking
Company, apply the standard for ‘‘control’’ found in the
Glossary section of these instructions. If a new activity is
commenced through the acquisition of more than one
company on the same date, only one 4(k) Schedule is
required. If more than three new activities are commenced, complete additional schedules, as needed. In
Item l.a, check the box next to ‘‘New Activity Commenced Through Acquisition of a Going Concern.’’
Report the date of the event in Item 1.b, in Item 2.a check
the box next to the appropriate FRS legal authority code,
provide the NAICS activity code, and provide a description of the activity only if unable to identify a five or
six-digit NAICS code corresponding to the new activity.
Report additional new activities in Items 2.b and 2.c if
applicable. In addition, complete a Nonbanking Schedule(s) for the ‘‘Acquisition of a Going Concern.’’
New Activity Commenced Through a De Novo Formation: Conducting an activity under Section 4(k) of the
BHC Act or Section 10(c)(2)(H) of HOLA through a de
novo company (or companies) that was not previously
4(k)-1

4(k) Schedule

engaged in directly or indirectly by the FHC. To determine if a FHC controls a Nonbanking Company, apply
the standard for ‘‘control’’ found in the Glossary section
of these instructions. If a new activity is commenced
through the formation of more than one company on the
same date, only one 4(k) Schedule is required. If more
than three new activities are commenced, complete additional schedules, as needed. In Item l.a check the box
next to ‘‘New Activity Commenced Through a De Novo
Formation.’’ Report the date of the event in Item 1.b. In
Item 2.a check the box next to the appropriate FRS legal
authority code, provide the NAICS five or six-digit
activity code, and provide a description of the activity
only if unable to identify a five or six-digit NAICS code
corresponding to the new activity. Report additional new
activities in Items 2.b and 2.c if applicable. In addition,
complete a Nonbanking Schedule(s) for the ‘‘De Novo
Formation.’’
Note: A previously Reported Activity Commenced through
an Existing Company is not reportable on the 4(k)
Schedule: A FHC that has filed notice on the 4(k)
Schedule that it is engaging in a particular activity
pursuant to Section 4(k) of the BHC Act or Section
10(c)(2)(H) of HOLA may subsequently engage in that
activity directly, or indirectly through other existing
subsidiaries, as authorized under Section 4(k) of the BHC
Act or Section 10(c)(2)(H) of HOLA, without filing an
additional post-transaction notice on this schedule. However, if commencement of the previously reported activity results in a change to the primary or secondary
activity of the FHC or any of its subsidiaries, also report
as a ‘‘Change in Activity or Legal Authority’’ on the
Banking, Savings and Loan, or Nonbanking Schedule, as
appropriate, with respect to the relevant FHC or FHC
subsidiary.
Large Merchant Banking Investments or Insurance Company Investments as a New Activity: Commencement of
large merchant banking activities by a FHC that has not
previously engaged directly or indirectly in merchant
banking activities, or commencement of insurance company investment activities by a FHC that has not previously engaged directly or indirectly in insurance company investment activities. This may be a ‘‘New Activity
Commenced directly or indirectly through an Existing
Subsidiary’’ or a ‘‘New Activity Commenced Through
Acquisition of a Going Concern,’’ or a ‘‘New Activity
Commenced Through a De Novo Formation,’’ and should
4(k)-2

be reported according to the instructions above for the
appropriate event type.
Large Merchant Banking Investments or Insurance Company Investments: A large merchant banking investment
or insurance company investment by a FHC is reportable
if: a) the FHC directly or indirectly acquires more than 5
percent of a Nonfinancial Company’s voting shares or
assets or total equity and b) the cost to the FHC exceeds
$200 million or 5 percent of the FHC’s tier 1 capital,
whichever is less. To report, complete the Items 1
through 5 of the Large Merchant Banking or Insurance
Company Investments Section. Companies held directly
or indirectly by Small Business Investment Companies
(SBICs) are not required to be reported on the FR Y-10.
However, if a BHC or a FBO that is a FHC engaged in
merchant banking activities holds shares in the same
merchant banking investment through a merchant banking subsidiary as well as through a SBIC, the entire
investment is treated as the large merchant banking
investment, and is subject to the reporting criteria.
Note: Large merchant banking and insurance company
investments are exempt from reportability on the Banking
and Nonbanking Schedules. The initial transaction should
be reported on this schedule when the company meets the
reporting criteria for the first time.
Check box if correction: Check this box at the top of the
4(k) Schedule to indicate that previously reported information was filed incorrectly and has been corrected with
the information provided.
Post-Transaction Notice Section
Item 1.a - Event Type (check one only)
Check the box that best describes the event type being
reported:
• New Activity Commenced Directly by a FHC or
Through an Existing Subsidiary;
• New Activity Commenced Through Acquisition of a
Going Concern; or
• New Activity Commenced Through a De Novo Formation.
Item 1.b - Date of Event
Provide the calendar date on which the reportable event
legally took effect:
4(k) Schedule

FR Y–10
December 2012

4(k) Schedule

• For a New Activity Commenced Directly by a FHC or
Through an Existing Subsidiary, report the date the
activity commenced;
• For an Acquisition of a Going Concern, report the date
of consummation of the acquisition; or
• For a Formation of a New Company, report the date on
which the new company opened for business.
Item 2 - New Activities Commenced FRS Legal
Authority Code (check one)
Check the box next to the legal authority code under
which the new activity is conducted. Consult Appendix
A of these instructions and choose the appropriate FRS
legal authority code under which this activity is being
conducted.
NAICS Activity Codes

Note: When reporting name changes, items 1 through 3
must be completed.
Item 1.b - Date of Event
Provide the calendar date of consummation of the investment transaction.
Item 2 - Direct Holder’s Name and Location
Provide the legal name, city and county, state/province,
and country of the head office of the direct holder of the
Reporter’s large merchant banking or insurance company
investment in the Nonfinancial Company (use the U.S.
Postal Service address). If the Reporter holds the investment through more than one direct holder, complete a
separate 4(k) Schedule for each direct holder.
Item 3.a - Legal Name, City and County, State/
Province, and Country of Nonfinancial Company

(North American Industry Classification System (NAICS)
Activity Codes) Select a five or six-digit NAICS code
from the Census Bureau website (provided below):
http://www.census.gov/eos/www/naics/

Provide the current legal name, city and county, state/
province, and country of the Nonfinancial Company in
which the large merchant banking or insurance company
investment has been made (use the U.S. Postal Service
address).

Description of Activity

Item 3.b - If Name Change or Correction, Prior Legal
Name

Provide a text description of an activity only if unable to
identify a five or six-digit NAICS code corresponding to
the activity.
Large Merchant Banking or Insurance Company
Investments Section
A large merchant banking investment or insurance company investment by a FHC is reportable if the FHC
directly or indirectly acquires more than 5 percent of a
Nonfinancial Company’s voting shares or total equity or
assets and the cost of the investment to the FHC exceeds
1) $200 million; or 2) 5 percent of the FHC’s tier 1
capital, whichever is less.
Item 1.a - Event Type (check one only)
Check the box that best describes the event type being
reported:
• Initial Investment
• Divestiture (or closure)
• No Longer Reportable
• Name Change
FR Y–10
4(k) Schedule

December 2015

In the event of a name change or correction, provide the
Nonfinancial Company’s previously reported legal name.
Item 3.c - Legal Entity Identifier (LEI)
Effective December 31, 2015, report the LEI for the
Reporter’s Large Merchant Banking or Insurance Company Investments in a Nonfinancial Company if one
already exists. If the Nonfinancial Company does not
have a LEI, it is not required to obtain one. Refer to the
Glossary entry for ‘‘Legal Entity Identifier’’ for further
information.
Item 4 - Direct Holder’s Investment in Nonfinancial
Company
Report the percentage amount of voting securities, percentage of total equity, or percentage of assets, as applicable, to represent the direct holder’s investment in the
Nonfinancial Company. Report the percentage rounded
down to the nearest whole percentage. For example, a
percentage of 61.75 should be reported as 61.
Note: There are two exceptions to this rounding rule:
when the percentage is greater than 50 but less than 51,
4(k)-3

4(k) Schedule

report the percentage as 51; or if the percentage is
greater than 0 but less than 1, report the percentage as 1.
Item 5 - Initial Aggregate Cost of Investment to the
FHC (in millions of U.S. dollars)
Report the initial aggregate cost of the FHC’s investment, in millions of U.S. dollars, rounded down to the
nearest million.

4(k)-4

4(k) Schedule

FR Y–10
December 2015

Specific Instructions for the
Domestic Branch Schedule
FR Y–10

located in the fifty states of the U.S., of a Puerto Rican
bank should be reported on this schedule.

What to Report
Use this schedule to report the following information for:
1) domestic branches and offices (hereafter referred to as
branches) of any domestic depository institution (including banking Edge and agreement corporations) that is a
subsidiary, directly or indirectly, of a top-tier BHC1, or a
top-tier SLHC or 2) domestic branches of a state member
bank or a banking Edge or agreement corporation that is
not affiliated with a BHC.
The following branch events are reportable:
• Initial opening of a branch;
• Acquisition of branches through a merger or absorption, failure or through a purchase and assumption;

For purposes of this report item, a branch is any location
or facility of a domestic depository institution, including
the main office, where any of the following occur:
accounts are opened, deposits are accepted, checks are
paid or loans are granted. Reportable branches include,
but are not limited to: brick and mortar locations, drive-in
facilities, mobile/seasonal offices, offices on domestic or
foreign military bases of government installations, paying or receiving stations or units (not stand-alone automated teller machines (ATMs)), and Internet and Phone
Banking locations where a customer can open accounts,
make deposits or borrow money.

• Changes to the popular name, service type, location, or
other reportable characteristics of a branch;

Note: A branch does not include Administrative offıces,
Loan Production offıces, Consumer Credit offıces, standalone ATMs, Contractual offıces, Customer Bank Communications Terminals (CBCT) and Electronic Fund
Transfer Units (EFTU).

• Closure of a branch;

Exclusions:

• Deletion of erroneously reported branch/office; or

• Address changes that result from changes in street
names or zip codes, with no actual change in the
physical location of the branch; and

• Sale of branches to another depository institution;

• Changes to previously reported information.
Note: Report branches acquired through a failure under
‘‘Purchase of Branches.’’
For purposes of this schedule, a domestic branch is
defined as: 1) a branch located in the fifty states of the
United States, which is a branch of a U.S. depository
institution; or 2) a branch located in the U.S. territories,
which is located in the same territory as their head office
depository institution. For example: A Puerto Rican
branch of a Puerto Rican bank is considered domestic
and should be reported on this schedule. Also, a branch

1. This schedule should not be submitted for U.S. chartered depository
institutions owned directly by a FBO.
FR Y–10
Domestic Branch Schedule

December 2012

• Relocations of less than 1,000 feet, if the move does
not involve a change of county.
The date reported for the opening of a branch should
reflect the actual opening date. For branches newly
acquired by the reporting head office through a merger or
acquisition, report the date the event occurred.
A Reporter may choose to separately provide an attachment listing each of the branches acquired in a merger or
absorption. Reporters that choose to use an attachment to
report the acquisition of branches through a merger or
absorption (as reported on the Merger Schedule) must
contact the appropriate Federal Reserve Bank for further
instructions on the format of the attachment.
DOM-1

Domestic Branch Schedule

When to Report
Information must be received at the appropriate Federal
Reserve Bank within 30 calendar days of the occurrence
of a reportable event. Reporters may choose to file all
reportable events occurring in a month at one time (for
example, at month-end) as long as each reportable event
is received within 30 calendar days of its occurrence.
Check box if correction: Check this box to indicate that
previously reported information was filed incorrectly and
has been corrected with the information provided.
Item 1.a – Event Type
Check all the event type box(es) that apply. Do not report
events that occur on separate dates on the same schedule.
• Opening (De Novo);
• Purchase of Branches;
• Acquisition of Branches Through Merger/Absorption;

owned or leased by the institution or located in a retail
facility such as a supermarket.
• Limited Service - A branch that accepts deposits and
payments; however, it may not offer other services.
Examples include a Military Facility that operates on a
military base for the sole purpose of cashing military
and government payroll checks, a drive-through facility that can accept deposits and make payments but
may not offer other services, a mobile/seasonal or
otherwise temporary branch that may not have a fixed
location or is only open for a limited period, or a
limited service facility located in a retail establishment.
• Trust - An office that only conducts trust activities and
does not accept deposits.
• Electronic Banking - A facility with phone, PC,
and/or website services through which customers can
open accounts, apply for loans, make fund transfers
into accounts and other types of electronic transactions
from a remote location.

• Sale of Branches;
• Closure;
• Relocation;
• Popular Name Change;
• Change in Service Type;

Item 3.a – Popular Name
Provide the popular name of the branch being reported.
Please include the word mobile in the popular name of a
mobile office. Each popular name in the branch structure
should be unique.

• Deletion of Erroneously Reported Branch/Office; or
• If Other, please describe event type. (If none of the
listed event types adequately describes the reportable
event, check the box next to ‘‘Other, please describe
event type,’’ and provide a text description in the space
provided.)

Item 3.b – Prior Popular Name
Provide the prior popular name, if reporting a name
change.
Item 4.a – Current Address (Physical Location)

Item 1.b – Date of Event
Provide the calendar date on which the reportable event
took legal effect.
Characteristics Section
Item 2 – Check Applicable Service Type
Check the box that best describes the service type of the
branch:
• Full Service - A branch that accepts deposits, makes
loans, opens/closes accounts, has a loan officer and
full-time staff on site, maintains normal hours, and may
have safe deposit facilities on site. The site may be
DOM-2

Use the U.S. Postal Sevice address to provide the current
street address, city, county, state, country, and zip/postal
code for the branch. The location reported should be the
physical location of the branch, which is not necessarily
its mailing address. Do not use a post office box as the
street address. Report the nine-digit zip code, if available.
When reporting the current address for an Electronic
Banking branch, use the address of the operations center
that performs the back room operations associated with
this activity. When reporting the current address for a
mobile branch, use the address of the main office. To
determine the appropriate address to report, please see
the definition of physical location found in the Glossary.
Domestic Branch Schedule

FR Y–10
December 2012

Domestic Branch Schedule

Item 4.b – Previous Address (if changes have
occurred)
In the event of relocation or correction, use the U.S.
Postal Service address to provide the prior street address,
city, county, state, country and zip/postal code of the
branch.
Item 5 – Head Office Legal Name and Location
Use the U.S. Postal Service address to provide the legal
name of the head office, and its current location: city,
state, country, and zip/postal code. Changes to head office
information should be reported on the Banking or Savings and Loan Schedule, as appropriate.
Item 6 – Branch Sales or Purchases
Provide the name and address of the depository institution that either sold the branches to your organization or
purchased the branches from your organization as reported
in Item 1.a, Event Type.

FR Y–10
Domestic Branch Schedule

December 2012

Also, in the applicable space, provide the number of
branches only when reporting the following types of
transactions:
• Sale of branches through a partial purchase and assumption transaction; or
• Purchase of branches through a partial purchase and
assumption transaction.
For purposes of reporting the Domestic Branch Schedule,
a partial purchase and assumption transaction is defined
as the sale or purchase of one or more branches, but not
all branches, to or from another depository institution.
For example, Bank A is engaging in a partial purchase
and assumption transaction when it sells three of its six
branches to Bank B.
A Reporter may choose to separately provide an attachment listing each of the branches sold or purchased
through a partial purchase and assumption transaction.
Reporters that choose to report these types of transactions
using an attachment must contact the appropriate Federal
Reserve Bank.

DOM-3

Specific Instructions for the
Foreign Branch of U.S. Banking
Organizations Schedule
FR Y–10

Include any branch that, although inactive, continues to
retain its license.

What to Report
Use this schedule to report the following changes in
organizational structure:
• The initial opening of foreign1 branches of U.S. banking organizations and of banks located in the U.S.
territories. This includes branches of:

Note: For purposes of this schedule, an inactive foreign
branch is reportable until it surrenders its banking
license.

• member banks;

Check box if correction: Check this box to indicate that
previously reported information is incorrect and should
be corrected with the information provided.

• Edge or agreement corporations; or

Item 1.a - Event Type (check all that apply)

• bank holding companies

Check the box that best describes the event type being
reported:

It also includes branches of foreign subsidiaries of the
above if located in a different foreign country than the
foreign subsidiary;
• Changes to the location or other reportable characteristics of the branches listed above; or
• Closing and surrender of licenses of a reportable
branch.
The date reported for the opening of an office should
reflect the actual opening date. For purposes of this
schedule, the actual opening date occurs when the first
accounting entry is made. For offices newly acquired by
the reporting head office through a merger or acquisition,
report the opening date as the date the office was
acquired.

• Opening;
• Closure;
• Relocation; or
• Other, please describe event type.
Item 1.b - Date of Event
Provide the calendar date on which the reportable event
took legal effect.
Item 2 - Office Type
Check the box that best describes the office type being
reported:
• Full-Service Branch;

1. Foreign or foreign country refers to one or more foreign nations, and
includes the overseas territories, dependencies, and insular possessions of
those nations and of the United States and the Commonwealth of Puerto
Rico. (Section 211.2(i) of Regulation K.) With respect to territorial banks,
report on this schedule information about branches located outside the
country of the head office. For example: A Puerto Rican branch of a non
Pureto Rican head office (located in the fifty states of the U.S. or another
territory) should be reported on this schedule. Also, a branch of a Puerto
Rican head office, that is not located in either the fifty states of the U.S. or
within Puerto Rico, should be reported on this schedule.
FR Y–10
Foreign Branch Schedule

December 2012

• Shell Branch; or
• Other (i.e., foreign office of a U.S. nonbank entity or a
foreign subsidiary)
Item 3 - Date of Board Consent or Prior
Notification (if applicable)
Provide the date of the Board consent or prior notification
to establish this branch.
FOR-1

Foreign Branch Schedule

Note: This item is only applicable when reporting the
opening of a foreign branch.

necessarily its legal location. Do not use a post office box
as the street address.

Item 4 - Popular Name

Item 5.b - Previous Address (if changes have
occurred)

Provide the popular name of the office being reported.
Item 5.a - Current Address (Physical Location)
Provide the current street address, city, province, country,
and zip/postal code for the office. The location reported
should be the physical location of the office which is not

FOR-2

In the event of relocation or correction, provide the prior
street address, city, province, country, and zip/postal code
of the office.
Item 6 - Head Office Legal Name and Location
Provide the legal name of the head office and its current
location: city, state, country, and zip/postal code.

Foreign Branch Schedule

FR Y–10
December 2012

Specific Instructions for the Branch, Agency,
and Representative Office of Foreign Banking
Organizations (FBOs) Schedule (BARO Schedule)
FR Y–10

What to Report

• Relocation;

Use this schedule to report the following changes in
organizational structure:

• Change in Office Type;

• The initial opening of U.S. branches, agencies, and
representative offices, including managed non-U.S.
branches of FBOs;

• License Surrendered;

• The initial opening of U.S. representative offices of
foreign bank subsidiaries of FBOs whose only U.S.
presence is through the representative office;

• Became Inactive;
• Commenced Activities Through Managed Non-U.S.
Branch
• Ceased Activities Through Managed Non-U.S. Branch;
or

• The initial licensing of a U.S. branch or agency that is
required to file the FFIEC 002 report and has not yet
opened for business;

• Other, please describe event type.

• Changes to the location or other reportable characteristics of the offices listed above; or

Provide the calendar date on which the reportable event
took legal effect.

• Closing and surrender of licenses of a reportable office.

Item 2 - Office Type (including Managed Non-U.S.
Branches)

The date reported for the opening of an office should
reflect the actual opening date. For purposes of this
schedule, the actual opening date occurs when the first
accounting entry is made. For offices newly acquired by
the reporting head office through a merger or acquisition,
report the opening date as the date the office was
acquired.
Include any entity that, although inactive, continues to
retain its license.
Check box if correction: Check this box to indicate that
previously reported information is incorrect and should
be corrected with the information provided.
Item 1.a - Event Type (check all that apply)
Check the box(es) that best describes the event type(s)
being reported:
• Opening;
• License Issued;
FR Y–10
BARO Schedule

December 2012

Item 1.b - Date of Event

Check the box that best describes the office type being
reported:
• Branch;
• Agency; or
• Representative Office
Item 3 - Popular Name
Provide the popular name of the office being reported.
Item 4.a - Current Address
Use the U.S. Postal Service address to provide the current
street address, city, county (if applicable), state, country,
and zip/postal code for the office. The location reported
should be the physical location of the office which is not
necessarily its legal location. Do not use a post office box
as the street address. Report the nine-digit zip code, if
available.
BAR-1

BARO Schedule

Item 4.b - Previous Address (if changes have
occurred)
In the event of relocation or correction, provide the prior
street address, city and county (if applicable), state,
country, and zip/postal code of the office. Do not use a
post office box as the street address. Report the nine-digit
zip code, if available.

BAR-2

Item 5 - Head Office Legal Name and Location
Provide the legal name of the head office and its current
location: city, province, country, and zip/postal code.

BARO Schedule

FR Y–10
December 2012

Glossary
FR Y-10

Affiliate: A company that controls, is controlled by, or is
under common control with another company.

tion, the Federal Reserve District in which it is
physically located.

Administrative Office: An office that administers transactions but does not engage in banking activities that
would be associated with branch banking such as accepting deposits and cashing checks.

Authorized Official: An officer of the Reporter who has
the authority to: make representations, present factual
information, and legally bind the Reporting organization
with respect to the information set forth in the Report.

Agreement Corporation: A state-chartered corporation
that has entered into an agreement or understanding with
the Federal Reserve Board under the provisions of Section 25 of the Federal Reserve Act to limit its banking
activities to those permitted to an Edge corporation.

Bank: Any of the following, subject to the exception
noted below:

Appropriate Federal Reserve Bank: Unless otherwise
determined by the Board:
(i)

for a bank holding company (or a company
applying to become a bank holding company), the
Reserve Bank of the Federal Reserve District in
which the company’s banking operations are principally conducted, as measured by total domestic
deposits in its subsidiary banks on the date it
became (or will become) a bank holding company;

(ii) for a savings and loan holding company (or a
company applying to become a savings and loan
holding company), the responsible Reserve Bank;
(iii) for a foreign banking organization that has no
subsidiary bank and is not a bank holding company, the Reserve Bank of the Federal Reserve
District in which the total assets of the organization’s United States branches, agencies, commercial lending companies, and Edge and agreement
corporations are the largest as of the date it
became (or will become) a foreign banking organization (12 CFR § 225.3(b)); or
(iv) for an unaffiliated state member bank, a nationally
chartered bank, or an Edge or agreement corporaFR Y–10
Glossary December 2012

(i) Any national bank or state-chartered bank (including any former savings association), the deposits
of which are insured in accordance with the
provisions of the Federal Deposit Insurance Act;
or
(ii) Any institution organized under federal law or the
laws of any U.S. state or territory that both (a) Accepts demand deposits or deposits that the
depositor may withdraw by check or similar
means for payment to third parties or others;
and
(b) Is engaged in the business of making commercial loans.
Exception: The term “bank” does not include institutions
that are exempt from the BHC Act definition of bank
under 12 U.S.C. § 1841(c)(2), such as savings associations, limited purpose trust companies, credit unions,
limited purpose credit card banks, and industrial loan
companies. See separate Glossary entry for State Savings
Bank 10(l) Election.
Bank Holding Company (BHC): Any company that has
control over any bank or over any company that is or
becomes a bank holding company by virtue of the BHC
Act, unless exempt from the BHC Act definition of bank
holding company under 12 U.S.C. § 1841(a)(5).
Banking Company: A bank organized under U.S. law, a
bank holding company, or foreign banking organization.
GL-1

Glossary

Banking Offices: Foreign branches of member banks,
BHCs, Edge and agreement corporations and their foreign investment subsidiaries (other than in the country of
incorporation), managed non-U.S. branches of FBOs, and
U.S. branches, agencies, and representative offices of
FBOs.
Bearer Security: Any security that is not registered to a
particular party on the books of the issuing company, but
may or may not be registered with the appropriate
regulatory agency, and therefore, all rights associated
with the security are assigned to the party that is in
possession of the security.
BHC Act: The Bank Holding Company Act of 1956, as
amended (12 U.S.C. § 1841 et seq.).
Commercial Lending Company: Any organization,
other than a bank or an Agreement Corporation, organized under the laws of any state that maintains credit
balances permissible for an agency and engages in the
business of making commercial loans. This definition
includes any company chartered under Article XII of the
banking law of the State of New York (12 CFR §
211.21(g)).
Company:
(i) For purposes of Banking Companies, Company
means any corporation, partnership, business trust,
association, or similar organization, or any other
trust unless by its terms it must terminate within
twenty-five years or not later than twenty-one years
and ten months after the death of individuals living
on the effective date of the trust. Exception: the
definition of “Company” does not include any company the majority of shares of which are owned by
the United States or by any state, nor does it include
qualified family partnerships as defined in 12 U.S.C.
§ 1841(o)(10).
(ii) For purposes of Savings and Loan Companies, Company means any corporation, partnership, trust, jointstock company, or similar organization. Exception:
the definition of “Company” does not include any
company the majority of the shares of which are
owned by the United States or by an instrumentality
of the United States or any state.
Consolidated Financial Statements: Statements that
present the results of operations and the financial position
of a parent company and its subsidiaries as if the group
were a single company with one or more branches or
GL-2

divisions, after giving effect to the elimination of intercompany balances and transactions.
Consumer Credit Office: An office that provides only
consumer credit services to customers.
Contractual Office: An office that performs no banking
type transactions; however, staff provide remedial services to clients.
Control: For purposes of Banking Companies, Company
A controls Company B if any of the following are true:1
• Company A controls 25 percent or more of any class of
voting securities of Company B.2 For purposes of this
definition of control, limited partnership interests are
generally considered to be a class of voting securities.3
• Company A elects a majority of Company B’s board of
directors, trustees, general partners, or others with
similar management responsibilities under the company’s organizing documents;
• Company A is a general partner, managing member, or
trustee of Company B; or
• In certain situations, where Company A acquires all or
substantially all of Company B’s assets. In addition,
Company A is deemed to control Company B if any of
the following are true (absent a reporter’s presentation
of evidence of noncontrol to the appropriate Federal
Reserve Bank and the Federal Reserve Bank’s acceptance of such evidence):
• Company A has entered into a management agreement
with Company B under which Company A exercises
significant influence over Company B’s general management or overall operations;

1. As used in this definition of control only, control by Company A of
shares or an interest refers to Company A’s control in the aggregate of
shares or interests held directly by Company A and indirectly by Company
A through one or more subsidiaries. Other references to Company A in this
definition refer to Company A acting directly or indirectly through any of
its subsidiaries.
2. Definitions of “voting securities,” “nonvoting shares,” and “class of
voting shares,” are provided in the Glossary under the entry for “voting
securities and related terms.”
3. A limited partnership interest is not a voting security if it does not
afford the limited partner any authority to participate in removing or
appointing general partners and the interest also meets the other requirements of the definition of “Nonvoting shares.”

Glossary

FR Y–10
December 2012

Glossary

• Company A controls more than 5 percent of a class of
voting securities of Company B, one or more individuals serve as director or officer of both Company B and
Company A, and no person unaffiliated with Company
A controls 5 percent or more of Company B;
• Company A controls more than 5 percent of a class of
voting securities of Company B and together with
directors or officers of Company A controls more than
25 percent of a class of voting securities of Company
B;
• Company A controls 10 percent or more of a class of
voting securities of Company B and an individual
serves as both a director or officer of Company B and a
director or officer of Company A; or
• Staff at the Board or the appropriate Federal Reserve
Bank has informed the reporter that, for purposes of the
FR Y-6, Y-7, and Y-10, Company A is deemed to
control Company B.
For purposes of Savings and Loan Companies, Company
A controls Company B if any of the following are true:1
• Company A controls more than 25 percent of any class
of voting securities of Company B.2
• For purposes of this definition of control, limited
partnership interests are generally considered to be a
class of voting securities.3
• Company A elects a majority of Company B’s board of
directors, trustees, general partners, or others with
similar management responsibilities under the company’s organizing documents;
• Company A is a general partner, managing member, or
trustee of Company B; or

• In certain situations, where Company A acquires all or
substantially all of Company B’s assets. In addition,
Company A is deemed to control Company B if any of
the following are true (absent a Reporter’s presentation
of evidence of noncontrol to the appropriate Federal
Reserve Bank and the Federal Reserve Bank’s acceptance of such evidence);
• Company A has entered into a management agreement
with Company B under which Company A exercises
significant influence over Company B’s general management or overall operations;
• Company A controls more than 5 percent of a class of
voting securities of Company B, one or more individuals serve as director or officer of both Company B and
Company A, and no person unaffiliated with Company
A controls 5 percent or more of Company B;
• Company A controls more than 5 percent of a class of
voting securities of Company B and together with
directors or officers of Company A controls more than
25 percent of a class of voting securities of Company
B;
• Company A controls 10 percent or more of a class of
voting securities of Company B and an individual
serves as both a director or officer of Company B and a
director or officer of Company A; or
• Staff at the Board or the appropriate Federal Reserve
Bank has informed the Reporter that, for purposes of
the FR Y-6, Y-7, and Y-10, Company A is deemed to
control Company B.
Cooperative Bank HOLA 10(l) Election: A cooperative
bank that has complied with the Qualified Thrift Lender
(QTL) test and has elected under Section 10(l) of the
HOLA to be treated as a savings association and not a
bank.

1. As used in this definition of control only, control by Company A of
shares or an interest refers to Company A’s control in the aggregate of
shares or interests held directly by Company A and indirectly by Company
A through one or more subsidiaries. Other references to Company A in this
definition refer to Company A acting directly or indirectly through any of
its subsidiaries.

Customer Bank Communications Terminals: These
terminals are similar to ATM machines.

2. Definitions of “voting securities,” “nonvoting shares,” and “class of
voting shares,” are provided in the Glossary under the entry for “voting
securities and related terms.”

Depository Institution: An institution defined in 12 CFR
§ 225.2(t) or 12 CFR § 204.2(m)(1).

3. A limited partnership interest is not a voting security if it does not
afford the limited partner any authority to participate in removing or
appointing general partners and the interest also meets the other requirements of the definition of “Nonvoting shares.”

Directly / Indirectly:

FR Y–10
Glossary December 2012

De Novo: A newly chartered bank or company, a newly
opened branch or office, or a newly commenced activity.

Directly - An entity that conducts activities or makes
investments on its own, and not through any of its
GL-3

Glossary

subsidiaries, is considered to conduct those activities and
make those investments directly.
Indirectly - An entity that conducts activities and or
makes investments through any of its subsidiaries is
considered to conduct those activities and make those
investments indirectly.
Director: A director shall mean a member of either the
managing or supervisory board.
Edge Corporation: A corporation chartered under Section 25A of the Federal Reserve Act to engage in
international banking and financial operations.
Electronic Funds Transfer Units: These are physical
units that perform limited banking type transactions.
Employee Stock Ownership Plan (ESOP): A stock
ownership plan whereby employees purchase shares of
their company’s stock.
Financial Holding Company (FHC): A BHC, SLHC, or
FBO that effectively has elected to be or be treated as a
financial holding company and therefore, may conduct
activities as outlined in Section 4(k) of the BHC Act or
Section 10(c)(2)(H) of HOLA.
Financial Subsidiary: A subsidiary of a commercial
bank, as defined in Section 121 of the Gramm-LeachBliley Act of 1999, 12 CFR § 208.77(e), or Section 46 of
the Federal Deposit Insurance Act.
Foreign Bank: An organization that is organized under
the laws of a foreign country and that engages directly in
the business of banking outside the United States. The
term foreign bank does not include a central bank of a
foreign country that does not engage or seek to engage in
a commercial banking business in the United States
through an office. (12 CFR § 211.21(n))
Foreign Banking Organization (FBO): A foreign bank
that operates a branch, agency, or commercial lending
company subsidiary in the United States, controls a bank
organized under U.S. law, or controls an Edge or agreement corporation, and any company of which a foreign
bank is a subsidiary.
Foreign Investment: An investment made or interest
acquired in a company pursuant to Subparts A or C of
Regulation K (12 CFR § 211).
Functionally Regulated Subsidiary: Any subsidiary
that is not a BHC, SLHC, or a depository institution and
is regulated by one of the following domestic regulators:
GL-4

State securities department, State insurance commissioner, SEC, or CFTC. Companies subject to functional
regulation are:
(i)

a broker or dealer registered under the Securities
and Exchange Act of 1934;

(ii) a registered investment adviser, properly registered
by or on behalf of either the Securities and Exchange
Commission or any State, with respect to the investment advisory activities of such investment adviser
and activities incidental to such investment advisory
activities;
(iii) an investment company that is registered under the
Investment Company Act of 1940;
(iv) an insurance company, with respect to insurance
activities of the insurance company and activities
incidental to such insurance activities, that is subject
to supervision by a State insurance regulator; or
(v) a company that is subject to regulation by the
Commodity Futures Trading Commission, with
respect to the commodities activities of such company and activities incidental to such commodities
activities.
See 12 U.S.C. § 1844(c)(2)(B).
Note: Companies may be required to be registered with
the SEC due to their publicly held status without necessarily qualifying as functionally regulated by the SEC as
a securities broker-dealer, investment adviser, investment
company, or company that engages in commodity futures
trading.
Grandfathered Unitary Savings and Loan Holding
Company (GUSLHC): A company that meets and continues to meet the requirements of section 10(c)(9)(C) of
the Home Owners’ Loan Act, 12 U.S.C. § 1467a(c)(9)(C).
HOLA: The Home Owner’s Loan Act (12 U.S.C. 1461 et
seq.)
Insurance Company: A company licensed to sell insurance products or to underwrite or reinsure insurance
products either for coverage of third-parties or for the
self-insurance programs of a bank holding company,
savings and loan holding company, and their affiliates.
Insured Depository Institution: an insured depository
institution, for purposes of this report, includes any state
bank, national bank, trust company, or banking association and any institution the deposits of which are insured
Glossary

FR Y–10
October 2016

Glossary

by the Federal Deposit Insurance Corporation (“FDIC”),
including savings association (but does not include
insured branches of a foreign bank).
Legal Authority Code: A code designated by the Federal Reserve Board (see Appendix A), used to describe
the authority for which an activity is being conducted.
Legal Entity Identifier (LEI): The LEI is a 20-character
alphanumeric code that is universal and uniquely corresponds to a single legal entity (ISO 17442:2012).
Limited Charter Bank: A bank that offers only a narrow
product line (such as credit cards or motor vehicle loans)
for which a designation as a limited charter bank is in
effect. To be considered a limited charter bank, a bank
needs to request such designation and receive approval
from its primary regulator in accordance with the provisions listed in the CRA regulation (12 CFR § 25.25).
Limited Partnership: A partnership that has one or
more partners who are liable for the partnership’s debts,
liabilities, and other obligations (general partners) and
one or more partners who are not liable for the partnership’s debts, liabilities, and other obligations (limited
partners).
Limited Liability Company: A company organized
pursuant to a limited liability company provision under
state law in which none of the members are liable for the
company’s debts, liabilities, or other obligations.
Limited Liability Partnership: A partnership in which
none of the partners are liable for the partnership’s debts,
liabilities, and other obligations.
Limited Liability Limited Partnership: A limited partnership that is also a limited liability partnership. Such a
partnership has general partners, who manage the partnership, and limited partners, who have no management
role, and none of the general or limited partners are liable
for the partnership’s debts, liabilities, or other obligations.
Loan Production Office: A banking office that takes
loan applications and arranges financing for corporations
and small businesses, but does not accept deposits. Loan
applications are subject to approval by the lending institution.
Managed Non-U.S. Branch: A banking branch of a FBO
that is located outside the United States but is managed or
controlled by a branch or agency of that FBO that is
located in the United States.
FR Y–10
Glossary October 2016

Merchant Banking: The activity of acquiring or controlling any amount of shares, assets, or ownership interests
of a company or other entity that is engaged in any
activity not otherwise authorized for a financial holding
company under Section 4 of the BHC Act. Merchant
banking activities must be conducted in accordance with
Subpart J of Regulation Y (12 CFR § 225.170).
Multiple Direct Holders: Companies under the common
control of a Reporter that all hold direct interests in
another company, and together hold a controlling interest
in that company.
NAICS Activity Code: Use the North American Industry
Classification System (NAICS) Activity Codes for commonly reported activities and select the code that best
describes the activity being reported. Select a five or
six-digit NAICS code from the U.S. Census Bureau’s
website: http://www.census.gov/eos/www/naics/
Nonbanking Company: Any company other than a
bank, savings association, BHC, SLHC, or FBO as those
terms are defined in this Glossary or in Section 2(c) of the
BHC Act (12 U.S.C. § 1841(c)). Nonbanking companies
include finance companies; savings associations, as
defined in section 2(j) of the BHC Act (12 U.S.C. §
1841(j)); and certain institutions that function solely in a
fiduciary capacity, as described in Section 2(c)(2) of the
BHC Act (12 U.S.C. § 1841(c)(2)).
Nonbearer Security: Any security that is registered to a
particular party on the books of the issuing company. The
issuer of the nonbearer security is required to maintain a
record of ownership of the security.
Nonfinancial Company: A nonfinancial company is a
company that is engaged in any activity that has not been
determined to be financial in nature or incidental to a
financial activity under section 4(k) of the BHC Act (12
U.S.C. 1843(k)). Examples of activities that are considered nonfinancial in nature are: Telecommunications,
Health Care, Entertainment, Transportation, and Manufacturing.
Nonvoting Securities: Preferred shares, limited partnership shares or interests, or similar interests, are nonvoting
securities if:
• any voting rights associated with the shares or interests
are limited solely to the type customarily provided by
statute with regard to matters that would significantly
and adversely affect the rights or preference of the
security or other interest, such as the issuance of
GL-5

Glossary

additional amounts or classes of senior securities, the
modification of the terms of the security or interest, the
dissolution of the issuing company, or the payment of
dividends by the issuing company when preferred
dividends are in arrears;
• the shares or interest represent an essentially passive
investment or financing device and do not otherwise
provide the holder with control over the issuing company; and
• the shares or interest do not entitle the holder, by
statute, charter, or in any manner, to select or to vote
for the selection of directors, trustees, or partners (or
persons exercising similar functions) of the issuing
company.
Physical Location: The address at which the main office
of the entity is physically located, which is not necessarily the entity’s legal location or place of incorporation. It
is not an e-mail address or a post-office box.
Qualifying Foreign Banking Organization (QFBO): A
foreign banking organization (FBO), more than half of
the worldwide business of which is banking and more
than half of the banking business of which is conducted
outside the United States, such that the FBO meets the
requirements of Section 211.23(a) of Regulation K (12
CFR 211.23(a)). In general, a FBO that fails to meet
these requirements for two consecutive years ceases to be
a QFBO, under Section 211.23(d) of Regulation K
(12 CFR 211.23(d)).
Representative Office: Any place of business of a
foreign bank, located in any state within the United
States, that is not a branch or agency of a foreign bank
(12 U.S.C. § 3101(15)).
Savings Association: Any of the following:
(i)

any Federal savings association;

(ii) any State savings association; and
(iii) any corporation (other than a bank) that the Board of
Directors of the Federal Deposit Insurance Corporation and the Comptroller of the Currency jointly
determine to be operating in substantially the same
manner as a savings association.
Federal savings association. The term “Federal savings
association” means any Federal savings association or
Federal savings bank which is chartered under section 5
of the Home Owners’ Loan Act, 12 U.S.C. § 1464.
GL-6

State savings association. The Term “State savings association” means –
(A) any building and loan association, savings and
loan association, or homestead association; or
(B) any cooperative bank (other than a cooperative
bank which is a state bank (as defined in 12
U.S.C. § 1813 (a)(2))), which is organized and
operating according to the laws of the state (as
defined in 12 U.S.C. § 1813(a)(3)) in which is
chartered or organized.
Unless otherwise defined in this document, all terms
above have the same meaning as defined in the Federal
Deposit Insurance Act, 12 U.S.C. § 1811, et seq.
Savings and Loan Company: A savings association
organized under U.S. law or a Savings and Loan Holding
Company (SLHC).
Savings and Loan Holding Company (SLHC): Any
company that directly or indirectly controls a savings
association or that controls any other company that is a
savings and loan holding company, unless excluded
from the Home Owners’ Loan Act definition of savings
and loan holding company under 12 U.S.C. §
1467a(a)(1)(D)(ii).
Shell Branch: A limited service branch that does not
conduct transactions with residents, other than with other
shell branches, in the country in which they are located.
Transactions at shell branches are usually initiated and
effected by their head office or by other related branches
outside the country in which the shell branches are
located with records and supporting documents maintained at the initiating offices. Examples of such locations
are the Bahamas and the Cayman Islands.
State Member Bank (SMB): A state-chartered bank that
is a member of the Federal Reserve System.
State Savings Bank HOLA 10(l) Election: A State
savings bank that has complied with the Qualified Thrift
Lender (QTL) test and has elected under Section 10(l) of
the HOLA to be treated as a savings association and not a
bank.
Subsidiary: For purposes of this form, a subsidiary is a
company or bank that is controlled by another company,
as control is defined above in this Glossary.
Tiered Reporter: A BHC, SLHC, FBO, or FHC that has
a controlling interest in another BHC, SLHC, FBO, or
FHC.
Glossary

FR Y–10
October 2016

Glossary

Ultimate Parent: A top-tier company that is not a
subsidiary of any other company.
Unaffiliated State Member Bank (Unaffiliated SMB):
A state member bank that is not a subsidiary of a BHC,
SLHC, FHC, or FBO.
U.S. Branches and Agencies of Foreign Banks: Branches
and agencies of FBOs that operate as a U.S. office of their
foreign parent bank. The branch or agency may be
licensed by the U.S. government, or by a state of the
United States.

U.S. Intermediate Holding Company (IHC): A company defined in 12 CFR § 252.2(y).

• A branch is “any office or any place of business of a
foreign bank located in any State of the United States at
which deposits are received.” (12 U.S.C. § 3101(3)).

• To vote on or to direct the conduct of the operations or
other significant policies of the issuing company.

• An agency is “any office or any place of business of a
foreign bank located in any state of the United States at
which credit balances are maintained incidental to or
arising out of the exercise of banking powers, checks
are paid, or money is lent but at which deposits may
not be accepted from citizens or residents of the United
States.” (12 U.S.C. § 3101(1)).

Class of Voting Securities - Shares of stock issued by a
single issuer are deemed to be the same class of voting
shares, regardless of differences in dividend rights or
liquidation preference, if the shares are voted together as
a single class on all matters for which the shares have
voting rights (other than voting rights described above in
the first bullet of the definition of nonvoting shares).

FR Y–10
Glossary October 2016

Voting Securities: Shares of common or preferred stock,
general or limited partnership shares or interests, or
similar interests if the shares or interests, by statute,
charter, or in any manner, entitle the holder:
• To vote for or to select directors, trustees, or partners
(or persons exercising similar functions of the issuing
company); or

GL-7

Appendix A
FR Y-10

Federal Reserve Board Legal Authority Codes
Note: Appendix A contains codes that apply to both domestic and foreign organizations and codes that apply only to
foreign organizations. Therefore, not all codes will be applicable to all Reporters. Unless otherwise noted, all section
references are to the Bank Holding Company Act (12 U.S.C.§ 1841 et seq.).
Code

Provision

7

Section 3—Acquisitions of shares of or mergers with a bank holding company, or acquisition of shares
or control of a bank.

10

Section 25 or 25A of the Federal Reserve Act (12 U.S.C.§§ 601-604(a) and 611-631) Establishment of
a foreign branch; investment in a foreign bank; establishment of an Edge or agreement corporation; or
an investment made or activity conducted by an Edge or agreement corporation in accordance with
subpart A of the Board’s Regulation K (12 CFR §§ 211.1 through 211.10).

14

Section 4(c)(i)/(ii)—Engaging in nonbanking activities in reliance on the grandfather provisions of
section 4(c)(i)/(ii) of the BHC Act. This code only may be used by the tax-exempt labor, agricultural,
and horticultural organizations and the family-owned bank holding companies described in section
4(c)(i)/(ii).

17

Section 4(c)(1)—Servicing and safe deposit activities that are permissible without Board approval.

22

Section 4(c)(5)—An investment by a bank holding company or its nonbank subsidiary if the
investment specifically is authorized by federal statute for a national bank. Shares held under this
authority must be of the kinds and amounts explicitly described by federal statute as permissible for
investment by a national bank.

24

Section 4(c)(7)—Ownership or control of the shares of an investment company whose only activity is
acquiring up to 5 percent of the voting share of a company or companies.

26

Section 4(c)(8)—Nonbanking activities determined to be closely related to banking and permissible
upon compliance with applicable notice procedures.

44

Section 4(c)(9)—Owning or controlling voting shares of a company that is not engaged, directly or
indirectly, in any activities in the United States other than those that are incidental to the international
or foreign business of such company, in accordance with section 211.23(f)(3) of the Board’s
Regulation K (12 CFR 211.23(f)(3)).

57

Section 4(c)(14)—Owning shares of any company that is an export trading company in accordance
with subpart C of the Board’s Regulation K (12 CFR §§ 211.31-211.34).

62

Section 4(c)(13)—An investment in a company, other than one described in Legal Authority Code 10,
made in accordance with section 211.5 of the Board’s Regulation K (12 CFR 211.8 through 211.10).

FR Y-10 December 2012

App-A-1

Appendix A

68

Section 8(c) of the International Banking Act (12 U.S.C. § 3106)—Grandfathered nonbanking
activities of foreign banking organizations.

104

A subsidiary of a state or national bank, other than a financial subsidiary described in Legal Authority
code 314.

311

Section 4(k)(1)(A)/4(k)(4)/4(k)(5)—Activities determined by statute or by the Board to be financial in
nature or incidental to a financial activity.

312

Section 4(k)(1)(B)—Activities determined by the Board to be complementary to a financial activity.

314

Section 46 of the Federal Deposit Insurance Act and Section 5136A of the National Bank Act—A
financial subsidiary that a bank establishes under one of these provisions and that may conduct certain
financial activities in addition to activities the bank may conduct directly.

410

Section 10(c)(9)(C) of the Home Owners’ Loan Act - engaging in activities that are otherwise
impermissible in reliance on section 10(c)(9)(C) of the Home Owners’ Loan Act.

411

Section 10(c)(2)(F) of the Home Owners’ Loan Act—Activities in accordance with section 238.54 of
the Board’s Regulation LL (12 CFR 238.54) that are permissible for a bank holding company to
conduct under regulations that the Board has promulgated pursuant to section 4(c) of the BHC Act;
and activities in accordance with section 238.53 of the Board’s Regulation LL (12 CFR 238.53).

412

Section 10(c)(6)(B) of the Home Owners’ Loan Act - Engaging in activities that are otherwise
impermissible in reliance on section 10(c)(6)(B) of the Home Owners’ Loan Act.

413

Section 10(c)(2)(H) of the Home Owners’ Loan Act—Activities permissible for a financial holding
company to conduct under section 4(k) of the BHC Act.

999

Grandfathered regulatory provision not elsewhere classified.

App-A-2

Appendix A

October 2016

Appendix B
FR Y-10

Board to NAICS Activity Codes Conversion Table
Board Activity

Board
Alphanumeric
Code1

NAICS
Code

NAICS Activity

Bank Holding Company

00AA

551111

Offices of Bank Holding Companies

Other Holding Company

00AB

551112

Offices of Other Holding Companies

Foreign Banks

00BA

52211

Commercial Banking

Edge/Agreement - Investment

00BD

522293

International Trade Financing

Edge/Agreement - Banking

00BE

522293

International Trade Financing

Commercial, Business, Consumer
Finance

01AA

52222

Sales Financing

Mortgage Banking

01LB

522292

Real Estate Credit

Industrial Bank, Industrial Loan, Morris
Plan - Depository

02AA

52219

Other Depository Credit Intermediation

Industrial Bank, Industrial Loan, Morris
Plan - Nondepository

02AA

522298

All Other Nondepository Credit
Intermediation

Trust Company Functions, Acting as a
Fiduciary

04AA

523991

Trust, Fiduciary, and Custody Activities

Investment, Financial or Economic
Advisory Services

05AE

52393

Investment Advice

Leasing Property - Land, Buildings,
Motor Vehicles, Equipment

06AF

53111

Lessors of Residential Buildings &
Dwellings

Community Development Investment or
Advisory Services

07AA

62422

Community Housing Services

Data Processing and Data Transmission
Services

08AA

51821

Data Processing, Hosting and Related
Services

Insurance or Annuities Agent or Broker

09BB

52421

Insurance Agencies and Brokerages

1

In 2004, the Federal Reserve converted from using alphanumeric activity codes to NAICS codes. Therefore, the codes in
this column are no longer used.

FR Y-10 December 2012

App-B-1

Appendix B

Board Activity

Board
Alphanumeric
Code1

NAICS
Code

NAICS Activity

Underwriting as a Reinsurer Insurance
(an extension of credit by a BHC)

09EA

52413

Reinsurance Carriers

Courier Services

11BA

49211

Couriers

Consulting Services for Management,
Employee Benefits, Compensation,
Insurance Plans & Career Counseling

12AA

54161

Management Consulting Services

Issuing or Selling Money Orders,
Savings Bonds, Traveler’s Checks

13AA

52239

Other Activities Related to Credit
Intermediation

Real Estate Appraisals

14AA

53132

Offices of Real Estate Appraisers

Commercial Real Estate Equity
Financing

14AB

52231

Mortgage and Nonmortgage Loan
Brokers

Securities Brokerage Services

15AA

52312

Securities Brokerage

Transactional Services (swaps, foreign
exchange, derivative contract)

17AA

52314

Commodity Contracts Brokerage

Credit Card Banks

20CC

52221

Credit Card Issuing

Commercial Banking

21AA

52211

Commercial Banking

Underwriting as a Reinsurer Life, Health,
Disability or Medical Insurance

31BA

52411

Direct Life, Health, and Medical
Insurance Carriers

Administrative and Other Services to
Mutual Funds

31BB

523991

Trust, Fiduciary, and Custody Activities

Owning Shares of a Securities Exchange

31BC

52231

Mortgage and Nonmortgage Loan
Brokers

Certification Authority for Digital
Signatures

31BD

51821

Data Processing, Hosting and Related
Services

Providing Credit Bureau Services

31BE

56145

Credit Bureaus

Check Cashing & Wire Transmission
Services

31EA

52239

Other Activities Related to Credit
Intermediation

Real Estate Title Abstracting

31IA

541191

Title Abstract and Settlement Offices

Travel Agency Activities

31LA

56151

Travel Agencies

Managing Mutual Funds

31MA

52392

Portfolio Management

FHC Lending, Exchanging, Transferring,
Investing for Others

31NA

52393

Investment Advice

1

In 2004, the Federal Reserve converted from using alphanumeric activity codes to NAICS codes. Therefore, the codes in
this column are no longer used.

App-B-2

Appendix B

December 2012

Appendix B

Board Activity

Board
Alphanumeric
Code1

NAICS
Code

NAICS Activity

Underwriting, Dealing in or making a
market in Securities (also may provide
brokerage services)

31QA

52311

Investment Banking and Securities
Dealing

Issuing Instruments Representing
Interests in Pools of Assets

31RA

52591

Open-End Investment Funds

Merchant Banking or Insurance
Company Investments

31UA

52391

Miscellaneous Intermediation

Conducting a Safe Deposit Business

32CA

523991

Trust, Fiduciary, and Custody Activities

Acquiring a Debt in Default (excludes
DPC)

32CB

52229

Other Nondepository Credit
Intermediation

Underwriting as a Reinsurer Property,
Casualty or Title Insurance

32GA

524126

Direct Property and Casualty Insurance
Carriers

Underwriting Annuities

32GB

524113

Direct Life Insurance Carriers

Underwriting as a Reinsurer Other
Insurance (not in 31BA, 32GA, 32GB)

32GC

524128

Other Direct Insurance (except life,
health, and medical) Carriers

Finder Activities (bring together others
to negotiate and consummate
transactions)

32IA

52393

Investment Advice

Lending, Exchanging, Investing for
Others

32IB

523991

Trust, Fiduciary, and Custody Activities

Providing Devices for Transferring
Money or Other Financial Assets

32IC

523999

Miscellaneous Financial Investment
Activities

Arranging Financial Transactions for the
Account of Third Parties

32ID

523991

Trust, Fiduciary, and Custody Activities

Underwriting or Dealing in Bank
Eligible Securities

90AB

523999

Miscellaneous Financial Investment
Activities

Providing a Check Guarantee Service

90AC

52232

Financial Transactions Processing,
Reserve, and Clearinghouse Activities

Buying & Selling Bullion, Silver, Gold
and Platinum Coins

90AE

52313

Commodity Contracts Dealing

Savings Associations

90AG

52212

Savings Institutions

Credit Unions

90AG

52213

Credit Unions

Export Trading Companies

90BA

522293

International Trade Financing

1

In 2004, the Federal Reserve converted from using alphanumeric activity codes to NAICS codes. Therefore, the codes in
this column are no longer used.

Appendix B

December 2012

App-B-3

Appendix B

Board Activity

Board
Alphanumeric
Code1

NAICS
Code

NAICS Activity

Futures Commission or Commodity
Merchant

90BD

52314

Commodity Contracts Brokerage

Venture Capital Investments

90BN

52391

Miscellaneous Intermediation

Collecting Overdue Accounts Receivable
(retail or commercial)

90BQ

56144

Collection Agencies

Printing and Selling Check
(micr-encoded)

91AC

323116

Manifold Business Forms Printing

Principal in Foreign Exchange, Swaps or
Derivatives Contracts

91AQ

52313

Commodity Contracts Dealing

Agent for Private Placement of Securities

91AR

52312

Securities Brokerage

Real Estate Settlement Services

91AV

541191

Title Abstract and Settlement Offices

Buying & Selling in the Secondary
Market as ″Riskless Principal″

91BC

523999

Miscellaneous Financial Investment
Activities

Providing Services to an Affiliated BHC
(accounting, appraising, auditing)

91CA

54199

All Other Professional, Scientific, and
Technical Services

Other Servicing Activities

91CD

54199

All Other Professional, Scientific, and
Technical Services

Liquidating Property Acquired from a
BHC Subsidiary (excluding DPC)

91CE

52239

Other Activities Related to Credit
Intermediation

Asset Management, Servicing and
Collection of Assets (excluding
properties acquired DPC)

91FA

52239

Other Activities Related to Credit
Intermediation

Issuing Trust Preferred Securities,
Commercial Paper and Long-Term Debt

97AA

52599

Other Financial Vehicles

Co-generator of Electric Power

99CG

22111

Electric Power Generation

1

In 2004, the Federal Reserve converted from using alphanumeric activity codes to NAICS codes. Therefore, the codes in
this column are no longer used.

App-B-4

Appendix B

December 2012