Annual Report of Merchant Banking Investments Held for an Extended Period (ongoing)

INSTRUCTIONS FOR PREPARATION OF

Annual Report of Merchant Banking
Investments Held for an Extended
Period
FR Y-12A

Introduction
Section 4(k)(4)(H) of the Bank Holding Company Act
(BHC Act) (12 U.S.C. §1843(k)(4)(H) and subpart J of
the Board’s Regulation Y (12 CFR 225.170 et seq.)
permit a bank holding company that has made an effective financial holding company (FHC) election to acquire
shares, assets, and other ownership interests of companies engaged in nonfinancial activities not otherwise
permissible for an FHC. 12 U.S.C. §1467a(c)(2)(H), 12
U.S.C. §3106(a), and 12 CFR 252.153(b)(2) respectively
extend this authority to savings and loan holding companies, foreign banks,1 and U.S. intermediate holding companies. Shares, assets, or other ownership interests held
under this authorities (collectively, the Merchant Banking Authority) are referred to herein as merchant banking
investments. Merchant banking investments include
investments made or acquired under any legal authority,
and that are held under the Merchant Banking Authority
as of the reporting date.
An FHC may own or control a merchant banking investment only for the period of time necessary to allow the
FHC to sell or dispose of the investment on a reasonable
basis consistent with the financial viability of the FHC’s
merchant banking investment activities. Regulation Y
implements this holding period restriction by generally
permitting an FHC to own or control a merchant banking
investment for up to 10 years. Merchant banking investments made in, or held through, a private equity fund as
defined below, however, may be held for the duration of
the fund, up to a maximum of 15 years. An FHC must
1. Savings and loan holding companies do not include any trust (other
than a pension, profit-sharing, stockholders’ voting, or business trust)
which controls a savings association if such trust by its terms must
terminate within 25 years or not later than 21 years and 10 months after the
death of individuals living on the effective date of the trust, and (a) was in
existence and in control of a savings association on June 26, 1967, or (b) is
a testamentary trust. See Section 238.2 of the interim final rule of Regulation LL, dated September 13, 2011, for ore information.
FR Y-12A
General Instructions December 2016

obtain the Board’s prior approval to own or control a
merchant banking investment beyond these time periods.
(See 12 CFR 225.172(b)(4); 225.173(c)).
The information collected on the FR Y-12A allows the
Federal Reserve to monitor merchant banking investments made by FHCs that are approaching or have
exceeded the end of the relevant 10- or 15-year holding
period. These investments may be illiquid or have other
characteristics that make their disposition problematic,
thereby posing potentially increased risk to the FHC and
its depository institution affiliates.

Who Must Report
An FHC must file an FR Y-12A report for a merchant
banking investment if, as of December 31st of the
relevant calendar year, the FHC has owned, controlled or
held such investment under the Merchant Banking Authority for a period that exceeds the ‘‘applicable reporting
period’’ for the investment, as defined below. Merchant
banking investments that have been held beyond the
applicable reporting period, and that must be reported on
an FR Y-12A report, are referred to herein as ‘‘covered
investments.’’
An FHC includes any domestic bank holding company,
domestic savings and loan holding company, foreign
bank, or U.S. intermediate holding company (collectively, “holding company”) that has made an effective
election to become a financial holding company under
Subpart I of the Board’s Regulation Y (12 CFR 225.81 et
seq.). A domestic holding company is a holding company
incorporated under federal law or in one of the 50 States
of the United States, the District of Columbia, Puerto
Rico, or any U.S. territory or possession.

Applicable Reporting Period
The applicable reporting period for a merchant banking
investment is as follows:
GEN-1

General Instructions

1. For a merchant banking investment that is made in, or
held through, a private equity fund (see below) - 13
years.
2. For all other merchant banking investments - 8 years.
Note: The applicable reporting period for a merchant
banking investment is less than the permissible holding
period for the investment. This is to allow the Federal
Reserve to monitor investments that are approaching the
end of the holding period generally permitted under
Regulation Y.

Private Equity Fund
A private equity fund may be a corporation, partnership,
limited liability company, or other type of company that
issues ownership interests in any form.
For purpose of this form, a ‘‘private equity fund’’ means
any company that meets all of the following criteria:
1. The company is formed for the purpose of, and is
engaged exclusively in, the business of investing in
shares, assets, and ownership interest of companies
for resale or other disposition;
2. The company is not an operating company;
3. No more than 25 percent of the total equity of the
company is held, owned or controlled, directly or
indirectly, by the FHC and its directors, officers,
employees and principal shareholders;
4. The company has a maximum term or life of not more
than 15 years; and
5. The company was not formed, and is not operated for,
the purpose of making investments inconsistent with
the authority granted in section 4(k)(4)(H) of the BHC
Act or evading the limitations governing merchant
banking investments contained in Subpart J of the
Board’s Regulation Y.
See 12 CFR 225.173(a) and (b).
An FHC Must Request an Extension to Hold its
Merchant Banking Investment Beyond the 10- or
15-Year Holding Period.
As noted above, an FHC may not hold a merchant
banking investment beyond the holding period specified
in Regulation Y for the investment without obtaining the
Board’s prior approval under 12 CFR 225.172(b)(4) or
225.173(c)(2). Filing an FR Y-12A for a merchant
GEN-2

banking investment does not relieve an FHC of its
obligation to seek the Board’s prior approval to hold the
investment beyond the 10- or 15- year holding period for
the investment. A separate request to hold the investment
beyond the relevant holding period must be filed by the
FHC as provided in 225.172(b)(4) and 225.173(c)(2).

How to Prepare the Report
FHCs that meet the reporting criteria described above
should complete a separate FR Y-12A for each covered
investment that it owns, controls, or holds as of December 31st of the relevant calendar year. An FHC, however,
may complete one FR Y-12A cover page (Page 1) when
reporting multiple covered investments. In a multi-tiered
organization with one or more FHCs, only the top-tier
FHC should complete the FR Y-12A, which would be
prepared on a consolidated basis.

Where and When to File this Report
The report must be submitted by February 15th of the
following calendar year. For example, if, as of December
31, 2006, an FHC owns a covered investment, the FHC
must submit an FR Y-12A for the investment by February 15, 2007. Reporting FHCs should submit an original
and one copy of the report to the appropriate Federal
Reserve Bank.

Alternative Report Form
In lieu of using the printed FR Y-12A report form, an
FHC may report the required data on computer print-outs
that are in the identical format and size as the printed
form, including line items and columns in the order in
which they appear on the printed form. Page 1 must be
signed by an executive officer of the reporting institution.
Executive officer is defined in 12 CFR 215.2(e)(1).

Reporting in Dollars
All amounts should be converted to U.S. dollars using the
Spot Exchange Rate on the report date, regardless of the
currencies in which the transactions reported are denominated. The translations should be made on the same basis
as used by the FHC to prepare its Consolidated Financial
Statements for Holding Companies (FR Y-9C) or Annual
Report of Foreign Banking Organizations (FR Y-7)
report.
FR Y-12A
General Instructions December 2016

General Instructions

Rounding
Report all dollar amounts rounded to the nearest million.
Report all percentage amounts 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.

Confidentiality
The Board generally considers the information obtained
through this report is confidential on the basis that
disclosure of specific commercial or financial information relating to investments held for extended periods of
time could result in substantial harm to the competitive
position of the FHC. If, for any reason, the Board
believes that particular information cannot be withheld
from disclosure, the Board will inform the reporter of its
views and give the reporter an opportunity to object, as
required under section 261.15 of the Board’s Rules
Regarding Availability of Information, 12 CFR 261.15.

Tacking Rules
An FHC must follow the ‘‘tacking’’ rules set forth in
sections 225.172(b)(2) and (3) of Regulation Y in determining the period of time that the FHC has held an
investment under the Merchant Banking Authority. These
rules are designed to prevent evasion of the holding
period limitations on Merchant Banking Investments.
Under these rules:
1. The period of time that an FHC is deemed to have
held an investment under the Merchant Banking
Authority includes any period of time that the FHC or
any subsidiary of the FHC (including a depository
institution subsidiary) previously held the investment
under any other provision of the Federal banking laws
that imposes a limited holding period on the investment.
Example: A depository institution subsidiary of an
FHC acquired 100 shares of ABC Manufacturing
on October 1, 2000, in satisfaction of a debt previously contracted (‘‘DPC’’). In 2002, the FHC
decides to retain these shares and transfers them to
a nonbank subsidiary of the FHC in reliance on the
Merchant Banking Authority. Under section
FR Y-12A
General Instructions December 2013

225.172(b)(3), the FHC is deemed to have held the
shares under the Merchant Banking Authority
since October 1, 2000. This is because federal law
restricts the time period that a depository institution may hold assets acquired DPC. Accordingly,
the FHC would have to file an FR Y-12A for the
investment if it continued to hold the investment
under the Merchant Banking Authority as of
December 31, 2008.
2. A merchant banking investment acquired by an FHC
from a company (the ‘‘selling company’’) in which the
FHC holds an interest under the Merchant Banking
Authority is deemed to have been acquired by the
FHC under the Merchant Banking Authority on the
date the investment was initially acquired by the
selling company.
Example: On June 30, 2001, FHC acquired a 10
percent voting interest in Venture Capital Fund
under the Merchant Banking Authority. On January 1, 2003, the fund acquires 100 shares of XYZ
Manufacturing Company. On January 1, 2005, the
FHC acquires the 100 shares of XYZ Manufacturing Company from Venture Capital Fund. For
purposes of the FR Y-12A, the FHC is deemed to
have acquired those 100 shares under the Merchant Banking Authority on the date that Venture
Capital Fund initially acquired those shares (i. e.
January 1, 2003). See 12 CFR 225.172(b)(2)(i).
3. An FHC may not extend the reporting or holding
period for a Merchant Banking Investment by selling
the investment to another company in which the FHC
holds an interest under the Merchant Banking Authority.
Example: On October 1, 2001, FHC acquired 49
percent of the stock of Widget Company under the
Merchant Banking Authority. FHC also owns 30
percent of XYZ Investment Fund under the Merchant Banking Authority. On January 1, 2008,
FHC sells its entire interest in Widget Company to
XYZ Investment Fund. FHC continues to retain an
indirect interest in Widget Company (through its
holdings of XYZ Investment Fund) under the Merchant Banking Authority and the FHC is considered to have held its interest in Widget Company
under the Merchant Banking Authority since October 1, 2001 (i.e. the date the FHC initially acquired
its interest in Widget Company). See 12 CFR
GEN-3

General Instructions

225.172(b)(2)(ii). Accordingly, FHC must file an
FR Y-12A for its investment in Widget Company if
it continues to hold an interest in the company

GEN-4

under the Merchant Banking Authority as of
December 31, 2009.

FR Y-12A
General Instructions December 2013

REPORT FORM INSTRUCTIONS FOR

Annual Report of Merchant Banking
Investments Held for an Extended
Period
FR Y-12A

Instructions for the Report Form Page 1
(FR Y-12A)
Report Date
Provide the report date on which the FR Y- 12A is
required. Information must be submitted by February
15th of the following calendar year.
Reporter’s Name, Street, and Mailing Addresses
Legal Name: Provide the reporter’s full legal name.
Street Address, City, County, State/Province, Country,
and Zip/Postal Code: Provide the street address 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.
Reporter’s Mailing Address (if different from street
address): Provide the 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: Print the name and title of the person at
the FHC that may be contacted concerning the reporter’s
submission. The contact person should be an individual

Instructions for Preparation of Reporting Form FR Y-12A
Report Form Instructions December 2012

that had responsibility for preparing or submitting the
report on the reporter’s behalf.
Phone Number: Provide the telephone number (including
area code and if applicable, the extension) of the contact
person.
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 above):
Provide the 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.
Executive Officer
Printed Name & Title: Print the name and title of the
Executive Officer who has authority to execute the report
on behalf of the FHC.
Signature of Executive Offıcer, Date of Signature: An
Executive Officer of the reporter must sign and date the
cover page of the FR Y-12A report to indicate that the
report has been reviewed for accuracy. Each report
submitted should be signed and certified by an executive
officer of the FHC. ‘‘Executive Officer’’ is defined in 12
CFR 215.2(e)(1). The signer may or may not be the same
person as the contact person for the report.

RF-1

LINE ITEM INSTRUCTIONS FOR

Annual Report of Merchant Banking
Investments Held for an Extended
Period
FR Y-12A

Direct Holder Section
Direct Holder’s Name and Location
Provide the legal name, city and county, state/province,
country, and zip/postal code of the Direct Holder.1 Report
the nine-digit zip code, if available.
NOTE: Before submitting the FR Y-12A report, the top
tier holding company must verify that an FR Y-10
Nonbanking Schedule has been filed on behalf of the
Direct Holder.
Covered Investment Section
Line Item 1 - Acquisition Date of Covered
Investment
Provide the date on which the FHC initially acquired the
covered investment under the Merchant Banking Authority. In determining the date, use the tacking rules
described in the General Instructions.
Line Item 2 - Name and Location of Company Held
Provide the legal name, city and county, state/province,
country, and zip/postal code of the company in which the
covered investment is made. Report the nine-digit zip
code, if available.
Line Item 3 - Primary Activity of Company Held
NAICS Activity Code
Consult the Report of Changes in Organizational Structure (FR Y-10) Appendix B for commonly reported
‘‘North American Industry Classification System (NAICS)
Activity Codes’’ and select the code that best describes
the primary activity conducted by the company held. If
an appropriate code is not listed in Appendix B, select a
1. The Direct Holder is the legal entity within the FCH’s corporate
structure that directly holds the covered investment.
Instructions for Preparation of Reporting Form FR Y-12A
Line Item Instructions December 2013

five- or six-digit NAICS code from the U.S. Census
Bureau’s website (www.census.gov/eos/www/naics).
If a five- or six- digit NAICS code corresponding to the
activity can not be identified, provide a text description of
the primary activity of the company held.
Line Item 4 - Type of Interest Held by Financial
Holding Company
Check the appropriate box(es) to indicate the types of
interest(s) held by the FHC. If none of the listed descriptions adequately describes the type of interest, check the
box next to ‘‘Other’’ and provide a text description.
Line Item 5 - Percentage of Ownership Held by
Financial Holding Company
Report the percentage interest of voting and non-voting
equity held by the FHC. In determining the FHC’s voting
and nonvoting ownership interest, the FHC should assume
that the FHC (and no other investor) has exercised all
rights, warrants, and options held by the FHC and has
converted all convertible debt held by the FHC. 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.
Line Item 6 - Acquisition Cost of Covered
Investment
Report the acquisition cost of the covered investment (in
millions of U.S. Dollars). For purposes of this report,
acquisition cost represents the total amount paid by the
FHC for the covered investment. In instances where the
FHC did not pay consideration for the investment (e.g.,
warrants taken in lieu of cash), report the initial carrying
LI-1

Line Item Instructions

value of the investment at its initial fair value (e.g.,
warrants carried at $1).
Line Item 7 - Carrying Value of the Covered
Investment
For the covered investment, report the carrying value of
the investment (in millions of U.S. Dollars) as of the
reporting date (December 31st of the relevant year). For
purposes of this report, carrying value refers to the
amount of the investment as reflected in the FHC’s
consolidated financial statements prepared in accordance
with applicable accounting standards. If the covered
investment is not reflected in the FHC’s consolidated
financial statements, provide the carrying value of the
investment as reflected on the books of the direct holder
of the investment. For example, an available-for-sale
equity security generally is accounted for under ASC
Topic 320, Investments-Debt and Equity Securities (formerly FASB Statement No. 115, Accounting for Certain
Investments in Debt and Equity Securities) at fair value
on the balance sheet. Therefore, under US GAAP, the fair
value of such an investment would be considered the
carrying value of the security.
Line Item 8 - Plan and Schedule for Disposition of
a Covered Investment
For the covered investment, provide a brief narrative
explanation of how the FHC plans to sell or otherwise

LI-2

dispose of the investment and the anticipated time frame
for such sale or disposition. When possible, the narrative
should identify the key aspects of the FHC’s plan for
disposition, and the timetable for disposing of the
investment. For example, this line item could state: ‘‘IPO
expected to occur in next year’’ or ‘‘Discussing sale to
third party and expect to close on ________.’’ If circumstances warrant, a separate page may be attached to the
FR Y-12A elaborating on the details for disposing of a
covered investment.

Other Definitions
For the definition of Appropriate Federal Reserve Bank,
Bank Holding Company, Company, Control, Depository
Institution, Edge Corporation, and Financial Holding
Company, Foreign Bank, Savings and Loan Holding
Company, and U.S. Intermediate Holding Company,
please refer to the Changes in Organizational Structure
(FR Y-10) Glossary.
For the definition of Carrying Value, Direct Investment,
Equity Investment, Indirect Investment, Nonfinancial
Company, and Subsidiary, please refer to the glossary of the Consolidated Holding Company
Report of Equity Investments in Nonfinancial Companies
(FR Y-12).

Instructions for Preparation of Reporting Form FR Y-12A
Line Item Instructions December 2016

Validity (V) Edits for the FR Y-12A
(Effective as of December 31, 2015)
Series

Each edit in the checklist must balance, rounding errors are not allowed
Edit
Target Item
MDRM
Edit Test
Number
Number
1000
CIS-1
FHMBF193 If CIS-2a is not equal to null, then CIS-1 must not be
null and must be greater than zero.
1020
CIS-3a
FHMBF198 If CIS-3a not equal to null, then CIS-3a must be greater
than 11000 and less than or equal to 928120.

Effective
Start Date
FRY12A 20141231

Effective End Edit
Schedule
Date
Change
99991231
No change CIS

Edit Type

FRY12A 20101231

99991231

No change CIS

Validity

FRY12A
FRY12A
FRY12A
FRY12A
FRY12A
FRY12A
FRY12A
FRY12A
FRY12A

20101231
20101231
20101231
20101231
20101231
20101231
20101231
20101231
20141231

99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231

No change
No change
No change
No change
No change
No change
No change
No change
No change

CIS
CIS
CIS
CIS
CIS
CIS
CIS
CIS
CIS

Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity

1040
1050
1060
1070
1080
1090
1100
1110
1120

CIS-4a
CIS-4b
CIS-4c
CIS-4d
CIS-4e
CIS-4f
CIS-4g
CIS-4h
CIS-4h

FHMBF200
FHMBF276
FHMBF277
FHMBF278
FHMBF279
FHMBF280
FHMBF281
FHMBF282
FHMBF282

FRY12A 20141231

99991231

No change CIS

Validity

1140

CIS-5b

FRY12A 20141231

99991231

No change CIS

Validity

1150

CIS-6

FHMBF202 If CIS-1 not equal to null, then the sum of CIS-5a and
CIS-5b must be greater than zero.
FHMBF203 If CIS-1 not equal to null, then CIS-6 must not be null. if fhmbf193 ne null then fhmbf203 ne null

FRY12A 20141231

99991231

No change CIS

Validity

1160

CIS-7

FHMBF204 If CIS-1 not equal to null, then CIS-7 must not be null. if fhmbf193 ne null then fhmbf204 ne null

FRY12A 20141231

99991231

No change CP

Validity

8004

CP-2a

FHMB8901 CP-2a must not be null.

fhmb8901 ne null

FRY12A 20141231

99991231

No change CP

Validity

8005

CP-2b

FHMB8902 CP-2b must not be null.

fhmb8902 ne null

FRY12A 20141231

99991231

No change CP

Validity

8006

CP-2c

FHMB9116 CP-2c must not be null.

fhmb9116 ne null

FRY12A 20141231

99991231

No change CP

Validity

8007

CP-2d

FHMB4086 CP-2d must not be null.

fhmb4086 ne null

FRY12A 20141231

99991231

No change CP

Validity

8012

CP-3a

FHMBC490 CP-3a must not be null.

fhmbc490 ne null

FRY12A 20141231

99991231

No change CP

Validity

8013

CP-3b

FHMBC491 CP-3b must not be null.

fhmbc491 ne null

FRY12A 20141231

99991231

No change CP

Validity

8032

DATESIGN

FHMBJ196

fhmbj196 ne null

FRY12A 20141231

99991231

No change DH

Validity

8014

DH-1

FHMBF189 If CIS-1 not equal to null, then DH-1 must not be null. if fhmbf193 ne null then fhmbf189 ne null

FRY12A 20141231

99991231

No change DH

Validity

8015

DH-2

FHMBF190 If CIS-1 not equal to null, then DH-2 must not be null. if fhmbf193 ne null then fhmbf190 ne null

FRY12A 20141231

99991231

No change DH

Validity

8016

DH-3

FHMBF191 If CIS-1 not equal to null, then DH-3 must not be null. if fhmbf193 ne null then fhmbf191 ne null

FRY12A 20141231

99991231

No change DH

Validity

8017

DH-4

FHMBF192 If CIS-1 not equal to null, then DH-4 must not be null. if fhmbf193 ne null then fhmbf192 ne null

FRY12A 20141231

99991231

No change CIS

Validity

8018

CIS-2a

FHMBF194 If CIS-1 not equal to null, then CIS-2a must not be null. if fhmbf193 ne null then fhmbf194 ne null

FRY12A 20141231

99991231

No change CIS

Validity

8019

CIS-2b

FHMBF195 If CIS-1 not equal to null, then CIS-2b must not be null. if fhmbf193 ne null then fhmbf195 ne null

FRY12A 20141231

99991231

No change CIS

Validity

8020

CIS-2c

FHMBF196 If CIS-1 not equal to null, then CIS-2c must not be null. if fhmbf193 ne null then fhmbf196 ne null

FRY12A 20141231

99991231

No change CIS

Validity

8021

CIS-2d

FHMBF197 If CIS-1 not equal to null, then CIS-2d must not be null. if fhmbf193 ne null then fhmbf197 ne null

DECEMBER 2015

Validity

CIS-4a must equal "1" (checked box) or null.
CIS-4b must equal "1" (checked box) or null.
CIS-4c must equal "1" (checked box) or null.
CIS-4d must equal "1" (checked box) or null.
CIS-4e must equal "1" (checked box) or null.
CIS-4f must equal "1" (checked box) or null.
CIS-4g must equal "1" (checked box) or null.
CIS-4h must equal "1" (checked box) or null.
If CIS-1 not equal to null, then the sum of CIS-4a
through CIS-4h must be greater than or equal to 1 and
less than or equal to 8.

DATESIGN must not be null.

Alg Edit Test
if fhmbf194 ne null then fhmbf193 ne null and
fhmbf193 gt 0
fhmbf198 ne null then fhmbf198 ge 11000 and
fhmbf198 le 928120
fhmbf200 eq 1 or fhmbf200 eq null
fhmbf276 eq 1 or fhmbf276 eq null
fhmbf277 eq 1 or fhmbf277 eq null
fhmbf278 eq 1 or fhmbf278 eq null
fhmbf279 eq 1 or fhmbf279 eq null
fhmbf280 eq 1 or fhmbf280 eq null
fhmbf281 eq 1 or fhmbf281 eq null
fhmbf282 eq 1 or fhmbf282 eq null
if fhmbf193 ne null then (fhmbf200 + fhmbf276 +
fhmbf277 + fhmbf278 + fhmbf279 + fhmbf280 +
fhmbf281 + fhmbf282) ge 1 and (fhmbf200 +
fhmbf276 + fhmbf277 + fhmbf278 + fhmbf279 +
fhmbf280 + fhmbf281 + fhmbf282) le 8
if fhmbf193 ne null then (fhmbf201 + fhmbf202) gt 0

FR Y-12A: CHK-1 of 2

Validity (V) Edits for the FR Y-12A
(Effective as of December 31, 2015)
Series

Effective
Start Date
FRY12A 20141231

Effective End Edit
Schedule
Date
Change
99991231
No change CIS

Edit Type

FRY12A 20141231

99991231

No change CIS

Validity

FRY12A 20141231

99991231

No change CIS

Validity

DECEMBER 2015

Validity

Each edit in the checklist must balance, rounding errors are not allowed
Edit
Target Item
MDRM
Edit Test
Number
Number
8025
CIS-3b
FHMBF199 If CIS-1 not equal to null and CIS-3a is null, then CIS-3b
must not be null.
8026
CIS-4i
FHMBF200 If CIS-4h is equal to 1, then CIS-4i must not be null.
8024

CIS-8

Alg Edit Test
if fhmbf193 ne null and fhmbf198 eq null then
fhmbf199 ne null
If fhmbf282 eq 1 then fhmbf200 ne null

FHMBF205 If CIS-1 not equal to null, then CIS-8 must not be null. if fhmbf193 ne null then fhmbf205 ne null

FR Y-12A: CHK-2 of 2

Quality (Q) Edits for the FR Y-12A
(Effective as of December 31, 2015)
Series

Effective
Start Date
FRY12A 20061231
FRY12A 20061231
FRY12A 20061231

Effective End
Date
99991231
99991231
99991231

December 2015

Edit
Change
No change
No change
No change

Schedule

Edit Type

CIS
CIS
CIS

Quality
Quality
Quality

Edit
Number
9000
9000
9000

Target Item
CIS-5a
CIS-5b
CIS-7

MDRM
Number
FHMBF201
FHMBF202
FHMBF204

Edit Test

Alg Edit Test

CIS-5a should not be negative.
CIS-5b should not be negative.
CIS-7 should not be negative.

fhmbf201 ge 0
fhmbf202 ge 0
fhmbf204 ge 0

FR Y-12A: CHK-1 of 1