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pdfBoard of Governors of the Federal Reserve System
Instructions for Preparation of
Consolidated Financial Statements for
Holding Companies
Reporting Form FR Y-9C
Effective September 2021
Contents for
Y-9C Instructions
Organization of the Instruction Book
The instruction book is divided into three sections:
(1) The General Instructions describing overall reporting requirements.
(2) The Line Item Instructions for each schedule of
the report for the consolidated holding company.
(3) The Glossary presenting, in alphabetical order, definitions and discussions of accounting treatments
under generally accepted accounting principles
(GAAP) and other topics that require more extensive
treatment than is practical to include in the line item
instructions or that are relevant to several line items
or to the overall preparation of these reports.
In determining the required treatment of particular transactions or portfolio items or in determining the defini-
FR Y-9C
Contents March 2013
tions and scope of the various items, the General Instructions, the line item instructions, and the Glossary (all of
which are extensively cross-referenced) must be used
jointly. A single section does not necessarily give the
complete instructions for completing all the items of the
reports. The instructions and definitions in section (2) are
not necessarily self-contained; reference to more detailed
treatments in the Glossary may be needed. However, the
Glossary is not, and is not intended to be, a comprehensive discussion of accounting principles or
reporting.
Additional copies of this instruction book may be obtained
from the Federal Reserve Bank in the district where the
reporting holding company submits its FR Y-9C reports,
or may be found on the Federal Reserve Board’s public
website (www.federalreserve.gov).
Contents-1
Contents
GENERAL INSTRUCTIONS FOR PREPARATION OF FINANCIAL STATEMENTS
FOR HOLDING COMPANIES
Who Must Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A. Reporting Criteria . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
B. Exemptions from Reporting the Holding Company Statements . . . . . . . . . . . . . . . . . . . . . . .
C. Shifts in Reporting Status . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
GEN-1
GEN-1
GEN-2
GEN-2
Where to Submit the Reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
GEN-2
When to Submit the Reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
GEN-3
How to Prepare the Reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A. Applicability of GAAP, Consolidation Rules and SEC Consistency . . . . . . . . . . . . . . . . . .
Scope of the “consolidated holding company” to be reported in the
submitted reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Rules of consolidation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reporting by type of office (for holding companies with foreign offices) . . . . . . . . . . . . . .
Exclusions from coverage of the consolidated report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
B. Report Form Captions, Non-applicable Items and Instructional Detail . . . . . . . . . . . . . . . .
C. Rounding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
D. Negative Entries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
E. Confidentiality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F. Verification and Signatures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
G. Amended Reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
GEN-3
GEN-3
Contents-2
GEN-3
GEN-4
GEN-4
GEN-4
GEN-5
GEN-5
GEN-6
GEN-7
GEN-7
GEN-7
FR Y-9C
Contents March 2020
Contents
LINE ITEM INSTRUCTIONS FOR THE CONSOLIDATED FINANCIAL STATEMENTS
FOR HOLDING COMPANIES
Schedule HI—Consolidated Income Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
HI-1
Schedule HI-A—Changes in Equity Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
HI-A-1
Schedule HI-B—Charge-Offs and Recoveries on Loans and Leases and Changes in
Allowances for Credit Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
HI-B-1
Schedule HI-C—Disaggregated Data on the Allowance for Loan and Lease Losses . . . . . . . .
HI-C-1
Notes to the Income
- Statement—Predecessor Financial Items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ISnotes-P-1
Notes to the Income Statement—Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ISnotes-1
Schedule HC—Consolidated Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule HC-B—Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule HC-C—Loans and Lease Financing Receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule HC-D—Trading Assets and Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule HC-E—Deposit Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule HC-F—Other Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule HC-G—Other Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule HC-H—Interest Sensitivity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule HC-I—Insurance-Related Underwriting Activities (Including Reinsurance) . . . . . .
Schedule HC-K—Quarterly Averages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule HC-L—Derivatives and Off-Balance Sheet Items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule HC-M—Memoranda . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule HC-N—Past Due and Nonaccrual Loans, Leases, and Other Assets . . . . . . . . . . . . . .
Schedule HC-P—Closed-End 1-4 Family Residential Mortage Banking Activities. . . . . . . . . .
Schedule HC-Q—Financial Assets and Liabilities Measured at Fair Value . . . . . . . . . . . . . . . . .
Schedule HC-R—Regulatory Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule HC-S—Servicing, Securitization, and Asset Sale Activities . . . . . . . . . . . . . . . . . . . . .
Schedule HC-V—Variable Interest Entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
HC-1
HC-B-1
HC-C-1
HC-D-1
HC-E-1
HC-F-1
HC-G-1
HC-H-1
HC-I-1
HC-K-1
HC-L-1
HC-M-1
HC-N-1
HC-P-1
HC-Q-1
HC-R-1
HC-S-1
HC-V-1
Notes to the Balance
Sheet—Predecessor Financial Items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BSnotes-P-1
Notes to the Balance Sheet—Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BSnotes-1
FR Y-9C
Contents March 2019
Contents-3
Contents
GLOSSARY
Acceptances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accounting Changes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accounting Errors, Corrections of . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accounting Estimates, Changes in . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accounting Principles, Changes in . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accrued Interest Receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accrued Interest Receivable Related to Credit Card Securitizations . . . . . . . . . . . . . . . . . . . . . . .
Acquisition, Development, or Construction (ADC) Arrangements . . . . . . . . . . . . . . . . . . . . . . . . .
Agreement Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Allowance for Credit Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Allowance for Loan and Lease Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Amortized Cost Basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Applicable Income Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Associated Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ATS Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Bankers’ Acceptances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Bank-Owned Life Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Banks, U.S. and Foreign . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Bill-of-Lading Draft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Borrowings and Deposits in Foreign Offices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Brokered Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Brokered Retail Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Broker’s Security Draft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Business Combinations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Call Option . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Capital Contributions of Cash and Notes Receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Capitalization of Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Carrybacks and Carryforwards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Certificate of Deposit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Changes in Accounting Estimates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Changes in Accounting Principles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial Banks in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial Letter of Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial Paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commodity or Bill-of-Lading Draft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Common Stock of Unconsolidated Subsidiaries, Investments in . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contents-4
GL- 1
GL- 1
GL- 3
GL- 3
GL- 3
GL- 3
GL- 4
GL- 5
GL- 5
GL- 5
GL- 8
GL-10
GL-10
GL-10
GL-10
GL-10
GL-12
GL-13
GL-14
GL-15
GL-15
GL-15
GL-16
GL-16
GL-19
GL-19
GL-20
GL-21
GL-21
GL-21
GL-21
GL-21
GL-21
GL-21
GL-21
GL-21
FR Y-9C
Contents March 2020
Contents
Continuing Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contractholder . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Corporate Joint Venture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Corrections of Accounting Errors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Coupon Stripping, Treasury Receipts, and STRIPS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Custody Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dealer Reserve Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Debt Issuance Cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Deferred Compensation Agreements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Deferred Income Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Defined Benefit Post Retirement Plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Demand Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depository Institutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Derivative Contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Discounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Domestic Office . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Domicile . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Due Bills . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Edge and Agreement Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Equity-Indexed Certificates of Deposit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Equity Method of Accounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Excess Balance Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Extinguishments of Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fails . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fair Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Federal Funds Transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Federally-Sponsored Lending Agency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fees, Loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foreclosed Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foreign Banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foreign Central Banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foreign Currency Transactions and Translation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foreign Debt Exchange Transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foreign Governments and Official Institutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foreign Office . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Forward Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
FR Y-9C
Contents March 2020
GL-21
GL-21
GL-21
GL-21
GL-21
GL-22
GL-22
GL-22
GL-23
GL-24
GL-24
GL-25
GL-25
GL-25
GL-32
GL-36
GL-37
GL-37
GL-37
GL-37
GL-38
GL-38
GL-39
GL-40
GL-40
GL-41
GL-41
GL-42
GL-43
GL-43
GL-43
GL-49
GL-49
GL-49
GL-50
GL-51
GL-51
GL-51
Contents-5
Contents
Functional Currency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Futures, Forward, and Standby Contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Hypothecated Deposit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
IBF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Income Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Insurance Commissions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Insurance Premiums . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Insurance Underwriting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Intangible Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest-Bearing Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest Capitalization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Internal-Use Computer Software . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
International Banking Facility (IBF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Investments in Common Stock of Unconsolidated Subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . .
Joint Venture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Lease Accounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Letter of Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Limited-Life Preferred Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Loan Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Loan Impairment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Loans Secured By Real Estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Loss Contingencies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mandatory Convertible Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Market (Fair)Value of Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mergers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Money Market Deposit Account (MMDA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mortgages, Residential, Participations in Pools of . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
NOW Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nonaccrual Status . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Noninterest-Bearing Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nontransaction Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Notes and Debentures Subordinated to Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Offsetting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
One-Day Transaction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Option . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Organization Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contents-6
GL-51
GL-51
GL-52
GL-55
GL-55
GL-55
GL-61
GL-61
GL-61
GL-61
GL-61
GL-61
GL-61
GL-62
GL-63
GL-63
GL-63
GL-64
GL-65
GL-65
GL-66
GL-68
GL-69
GL-71
GL-71
GL-71
GL-71
GL-71
GL-71
GL-71
GL-71
GL-74
GL-74
GL-74
GL-74
GL-75
GL-75
GL-75
FR Y-9C
Contents March 2020
Contents
Other Real Estate Owned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other-Than-Temporary Impairment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Overdraft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Participations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Participations in Acceptances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Participations in Pools of Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pass-through Reserve Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Perpetual Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Perpetual Preferred Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Policyholder . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pooling of Interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pools of Residential Mortgages, Participations in . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pools of Securities, Participations in . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Preauthorized Transfer Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Preferred Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Premiums and Discounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Private Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Public Business Entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Purchase Acquisition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Purchased Credit Deteriorated Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Purchased Impaired Loans and Debt Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Put Option . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Real Estate, Loan Secured by . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reciprocal Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reinsurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reinsurance Recoverables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Renegotiated “Troubled” Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Repurchase Agreements to Maturity and Long-Term Repurchase Agreements . . . . . . . . . . . . .
Repurchase/Resale Agreements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reserve Balances, Pass-through . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Revenue from Contracts with Customers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Sales of Assets for Risk-Based Capital Purposes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Savings Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Securities Activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Securities Borrowing/Lending Transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Securities, Participations in Pools of . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Separate Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Servicing Assets and Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
FR Y-9C
Contents March 2020
GL-75
GL-75
GL-75
GL-75
GL-76
GL-76
GL-76
GL-76
GL-76
GL-76
GL-76
GL-76
GL-76
GL-76
GL-76
GL-76
GL-77
GL-77
GL-78
GL-78
GL-79
GL-81
GL-81
GL-81
GL-81
GL-81
GL-81
GL-81
GL-81
GL-83
GL-83
GL-84
GL-87
GL-87
GL-91
GL-91
GL-91
GL-91
Contents-7
Contents
Settlement Date Accounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Shell Branches . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Short Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Standby Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Standby Letter of Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Start-Up Activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
STRIPS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Subordinated Notes and Debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
“Super NOW” Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Suspense Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Syndications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Telephone Transfer Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Term Federal Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Time Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade Date and Settlement Date Accounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trading Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transaction Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Transfers of Financial Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Traveler’s Letter of Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Treasury Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Troubled Debt Restructuring . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trust Preferred Securities as Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trust Preferred Securities Issued . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
U.S. Banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
U.S. Territories and Possessions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Valuation Allowance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Variable Interest Entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
When-Issued Securities Transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yield Maintenance Dollar Repurchase Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
FR Y-9C Federal Reserve Validity Edits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
FR Y-9C Federal Reserve Quality, Interseries, and Intraseries Edits . . . . . . . . . . . . . . . . . .
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FR Y-9C
Contents March 2020
INSTRUCTIONS FOR PREPARATION OF
Financial Statements for
Holding Companies
For purposes of this report, all references to “bank(s)” and “associated bank(s)” are
inclusive of “savings association(s)” unless otherwise noted.
GENERAL INSTRUCTIONS
Who Must Report
A. Reporting Criteria
All bank holding companies, savings and loan holding
companies,1 securities holding companies and U.S. intermediate holding companies (collectively “holding companies”), regardless of size, are required to submit financial statements to the Federal Reserve, unless specifically
exempted (see description of exemptions below). Certain
SLHCs are exempt from filing the FR Y-9C and the
FR Y-9SP report and would file the FR 2320 report.2
The specific reporting requirements for each holding
company depend upon the size of the holding company,
or other specific factors as determined by the appropriate
Federal Reserve Bank. Holding companies must file the
appropriate forms as described below:
(1) Holding Companies with Total Consolidated Assets
of $3 billion or More. Holding companies with total
consolidated assets of $3 billion or more (the top tier
of a multi-tiered holding company, when applicable)
must file:
1. Savings and loan holding companies (SLHCs) 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 for more
information.
2. The following SLHCs are exempt: (1) any grandfathered unitary
SLHC with primarily commercial assets and thrifts that make up less than
5 percent of its consolidated assets; and (2) any SLHC that primarily holds
insurance-related assets and does not otherwise submit financial reports
with the SEC pursuant to section 13 or 15(d) of the Securities Exchange
Act of 1934.
FR Y9C
General Instructions June 2021
(a) the Consolidated Financial Statements for Holding Companies (FR Y-9C) quarterly, as of the last
calendar day of March, June, September, and
December.
(b) the Parent Company Only Financial Statements
for Large Holding Companies (FR Y-9LP) quarterly, as of the last calendar day of March, June,
September, and December.
Each holding company that files the FR Y-9C
must submit the FR Y-9LP for its parent company.
For tiered holding companies. When holding companies with total consolidated assets of $3 billion, or
more, own or control, or are owned or controlled by,
other holding companies (i.e., are tiered holding
companies), only the top-tier holding company must
file the FR Y-9C for the consolidated holding company organization unless the top-tier holding company is exempt from reporting the FR Y-9C. If a
top-tier holding company is exempt from reporting
the FR Y-9C, then the lower-tier holding company
(with total consolidated assets of $3 billion or more)
must file the FR Y-9C.
In addition, such tiered holding companies, regardless of the size of the subsidiary holding companies,
must also submit, or have the top-tier holding company subsidiary submit, a separate FR Y-9LP for
each lower-tier holding company of the top-tier
holding company.
(2) Holding Companies that are Employee Stock Ownership Plans. Holding companies that are employee
stock ownership plans (ESOPs) as of the last calendar
day of the calendar year must file the Financial
Statements for Employee Stock Ownership Plan Holding Companies (FR Y-9ES) on an annual basis, as of
December 31. No other FR Y-9 series form is required.
However, holding companies that are subsidiaries of
GEN-1
General Instructions
ESOP holding companies (i.e., a tiered holding company) must submit the appropriate FR Y-9 series in
accordance with holding company reporting requirements.
(3) Holding Companies with Total Consolidated Assets
of Less Than $3 billion. Holding companies with
total consolidated assets of less than $3 billion must
file the Parent Company Only Financial Statements
for Small Holding Companies (FR Y-9SP) on a
semiannual basis, as of the last calendar day of June
and December.3
For tiered holding companies. When holding companies with total consolidated assets of less than
$3 billion, own or control, or are owned or controlled
by, other holding companies (i.e., are tiered holding
companies), the top-tier holding company must file
the FR Y-9SP for the top-tier parent company of the
holding company. In addition, such tiered holding
companies must also submit, or have the holding
company subsidiary submit, a separate FR Y-9SP for
each lower-tier holding company.
When a holding company that has total consolidated
assets of less than $3 billion is a subsidiary of a
holding company that files the FR Y-9C, the holding
company that has total consolidated assets of less
than $3 billion would report on the FR Y-9LP rather
than the FR Y-9SP.
The instructions for the FR Y-9LP, FR Y-9ES, and the
FR Y-9SP are not included in this booklet but may be
obtained from the Federal Reserve Bank in the district
where the holding company files its reports, or may be
3. The Reserve Bank with whom the reporting holding company files its
reports may require that a holding company with total consolidated assets
of less than $3 billion submit the FR Y-9C and the FR Y-9LP reports to
meet supervisory needs. Reserve Banks will consider such criteria including, but not limited to, whether the holding company (1) is engaged in
significant nonbanking activities either directly or through a nonbank
subsidiary; (2) conducts significant off-balance-sheet activities, including
securitizations or managing or administering assets for third parties, either
directly or through a nonbank subsidiary; or (3) has a material amount of
debt or equity securities (other than trust preferred securities) outstanding
that are registered with the Securities and Exchange Commission.
In addition, any holding company that is not subject to the Federal
Reserve’s Capital Adequacy Guidelines, but nonetheless elects to comply
with the guidelines, are required to file a complete FR Y-9C and FR Y-9LP
report, and generally would not be permitted to revert back to filing the FR
Y-9SP report in any subsequent periods.
GEN-2
found on the Federal Reserve Board’s public website
(www.federalreserve.gov/apps/reportforms).
B. Exemptions from Reporting the
Holding Company Financial
Statements
The following holding companies do not have to file
holding company financial statements:
(1) a holding company that has been granted an exemption under Section 4(d) of the Bank Holding Company Act; or
(2) a “qualified foreign banking organization” as defined
by Section 211.23(a) of Regulation K (12 CFR
211.23(a)) that controls a U.S. subsidiary bank.
Holding companies that are not required to file under the
above criteria may be required to file this report by the
Federal Reserve Bank of the district in which they are
registered.
C. Shifts in Reporting Status
A top-tier holding company that reaches $3 billion or
more in total consolidated assets as of June 30 of the
preceding year must begin reporting the FR Y-9C and the
FR Y-9LP in March of the current year, and any lowertier holding companies must begin reporting the FR
Y-9LP in March of the current year. If a top-tier holding
company reaches $3 billion or more in total consolidated
assets due to a business combination, a transaction
between entities under common control, or a branch
acquisition that is not a business combination, then the
holding company must begin reporting the FR Y-9C and
the FR Y-9LP with the first quarterly report date following the effective date of the business combination, a
transaction between entities under common control, or
branch acquisition, and any lower-tier holding companies
must begin reporting the FR Y-9LP with the first quarterly report date following the effective date. In general,
once a holding company reaches or exceeds $3 billion in
total consolidated assets and begins filing the FR Y-9C
and FR Y-9LP, it should file a complete FR Y-9C and FR
Y-9LP going forward (and any lower-tier holding companies should file a complete FR Y-9LP going forward).
If a holding company’s total consolidated assets should
subsequently fall to less than $3 billion for four consecutive quarters, then the holding company may revert to
FR Y9C
General Instructions September 2018
General Instructions
filing the FR Y-9SP (and any lower-tier holding companies in those organizations may revert to filing the
FR Y-9SP).
Where to Submit the Reports
Electronic Submission
All holding companies must submit their completed
reports electronically. Holding companies should contact
their district Reserve Bank or go to www.frbservices.org/
centralbank/reportingcentral/index.html for procedures
for electronic submission.
A holding company should contact the appropriate
Reserve Bank if it believes it may not be able to submit
the FR Y-9C electronically.
When to Submit the Reports
The Consolidated Financial Statements for Holding Companies (FR Y-9C) are required to be submitted as of
March 31, June 30, September 30, and December 31. The
submission date for holding companies is 40 calendar
days after the March 31, June 30, and September 30 as of
dates unless that day falls on a weekend or holiday
(subject to timely filing provisions). The submission date
for holding companies is 45 calendar days after the
December 31 as of date. For example, the June 30 report
must be received by August 9, and the December 31 report
by February 14.
The term “submission date” is defined as the date by
which the Federal Reserve must receive the holding
company’s FR Y-9C.
If the submission deadline falls on a weekend or holiday,
the report must be received on the first business day after
the Saturday, Sunday, or holiday. Earlier submission aids
the Federal Reserve in reviewing and processing the
reports and is encouraged. No extensions of time for
submitting reports are granted.
The reports are due by the end of the reporting day on
the submission date (5:00 P.M. at each district Reserve
Bank).
nies in accordance with generally accepted accounting
principles (GAAP) and these instructions. All reports
shall be prepared in a consistent manner. The holding
company’s financial records shall be maintained in such a
manner and scope so as to ensure that the Consolidated
Financial Statements for Holding Companies can be
prepared and filed in accordance with these instructions
and reflect a fair presentation of the holding company’s
financial condition and results of operations.
Holding companies should retain workpapers and other
records used in the preparation of these reports.
A holding company that is a private company, as defined
in U.S. GAAP (and discussed in the Glossary entry for
“public business entity”), is permitted to use private
company accounting alternatives issued by the FASB
when preparing its FR Y-9C report. If the Federal
Reserve determines that a particular accounting principle
within U.S. GAAP, including a private company accounting alternative, is inconsistent with the statutorily specified supervisory objectives, the Federal Reserve may
prescribe an accounting principle for regulatory reporting
purposes that is no less stringent than U.S. GAAP. In such
a situation, a holding company would not be permitted to
use that particular private company accounting alternative or other accounting principle within U.S. GAAP for
FR Y-9C purposes. The Federal Reserve would provide
appropriate notice in the event an accounting alternative
or accounting principle was disallowed.
Subsequent Events
Subsequent events are events or transactions that occur
after the FR Y-9C balance sheet date, e.g., December 31,
but before the FR Y-9C report is filed. Consistent with
ASC Topic 855, Subsequent Events (formerly FASB
Statement No. 165 ‘‘Subsequent Events’’), an institution
shall recognize in the FR Y-9C report the effects of all
subsequent events (not addressed in other ASC Topics)
that provide additional evidence about conditions that
existed at the date of the FR Y-9C balance sheet (Schedule HC) including the estimates inherent in the process of
preparing the FR Y-9C report e.g., a loss that has been
incurred but not yet confirmed as of the FR Y-9C report
balance sheet date.
How to Prepare the Reports
A. Applicability of GAAP, Consolidation
Rules and SEC Consistency
Scope of the “consolidated holding
company” to be reported in the submitted
reports
Holding companies are required to prepare and file the
Consolidated Financial Statements for Holding Compa-
For purposes of this report, the holding company should
consolidate its subsidiaries on the same basis as it does
FR Y9C
General Instructions September 2021
GEN-3
General Instructions
for its annual reports to the SEC or, for those holding
companies that do not file reports with the SEC, on the
same basis as described in generally accepted accounting
principles (GAAP). Generally, under the rules for consolidation established by the SEC and by GAAP, holding
companies should consolidate any company in which it
owns more than 50 percent of the outstanding voting
stock.
Each holding company shall account for any investments
in unconsolidated subsidiaries, associated companies,
and those corporate joint ventures over which the holding
company exercises significant influence according to the
equity method of accounting, as prescribed by GAAP.
The equity method of accounting is described in Schedule HC, item 8. (Refer to the Glossary entry for ‘‘subsidiaries’’ for the definitions of the terms subsidiary, associated company, and corporate joint venture.)
Rules of Consolidation
For purposes of these reports, all offices (i.e., branches,
subsidiaries, VIEs, and IBFs) that are within the scope of
the consolidated holding company as defined above are
to be reported on a consolidated basis. Unless the instructions specifically state otherwise, this consolidation shall
be on a line-by-line basis, according to the caption
shown. As part of the consolidation process, the results of
all transactions and all intercompany balances (e.g.,
outstanding asset/debt relationships) between offices,
subsidiaries, and other entities included in the scope of
the consolidated holding company are to be eliminated in
the consolidation and must be excluded from the Consolidated Financial Statements for Holding Companies. (For
example, eliminate in the consolidation (1) loans made
by the holding company to a consolidated subsidiary and
the corresponding liability of the subsidiary to the holding company, (2) a consolidated subsidiary’s deposits in
another holding company consolidated subsidiary and the
corresponding cash or interest-bearing asset balance of
the subsidiary, and (3) the intercompany interest income
and expense related to such loans and deposits of the
holding company and its consolidated subsidiary.)
Exception: For purposes of reporting the total assets of
captive insurance and reinsurance subsidiaries in Schedule HC-M, Memoranda, items 7(a) and 7(b), only, holding companies should measure the subsidiaries’ total
assets before eliminating intercompany transactions
between the consolidated subsidiary and other offices or
GEN-4
subsidiaries of the consolidated holding company. Otherwise, captive insurance and reinsurance subsidiaries
should be reported on a consolidated basis as described in
the preceding paragraph.
Subsidiaries of Subsidiaries. For a subsidiary of a holding company that is in turn the parent of one or more
subsidiaries:
(1) Each subsidiary shall consolidate its majority-owned
subsidiaries in accordance with the consolidation
requirements set forth above.
(2) Each subsidiary shall account for any investments in
unconsolidated subsidiaries, corporate joint ventures
over which the holding company exercises significant influence, and associated companies according
to the equity method of accounting.
Noncontrolling (minority) interests. A noncontrolling
interest, sometimes called a minority interest, is the
portion of equity in a holding company’s subsidiary not
attributable, directly or indirectly, to the parent holding
company. Report noncontrolling interests in the reporting
holding company’s consolidated subsidiaries in Schedule HC, item 27(b), “Noncontrolling (minority) interests
in consolidated subsidiaries.” Report the portion of consolidated net income reported in Schedule HI, item 12,
that is attributable to noncontrolling interests in consolidated subsidiaries of the holding company in Schedule HI, item 13.
Reporting by type of office (for holding
companies with foreign offices)
Some information in the Consolidated Financial Statements for Holding Companies are to be reported by type
of office (e.g., for domestic offices or for foreign offices)
as well as for the consolidated holding company. Where
information is called for by type of office, the information
reported shall be the office component of the consolidated item unless otherwise specified in the line item
instructions. That is, as a general rule, the office information shall be reported at the same level of consolidation
as the fully consolidated statement, shall reflect only
transactions with parties outside the scope of the consolidated holding company, and shall exclude all transactions
between offices of the consolidated holding company as
defined above. See the Glossary entries for “domestic
office” and “foreign office” for the definitions of these
terms.
FR Y9C
General Instructions December 2014
General Instructions
Exclusions from coverage of the
consolidated report
Subsidiaries where control does not rest with the parent. If control of a majority-owned subsidiary by the
holding company does not rest with the holding company
because of legal or other reasons (e.g., the subsidiary is in
bankruptcy), the subsidiary is not required to be consolidated for purposes of the report.3 Thus, the holding
company’s investments in such subsidiaries are not eliminated in consolidation but will be reflected in the reports
in the balance sheet item for ‘‘Investments in unconsolidated subsidiaries and associated companies’’ (Schedule
HC, item 8) and other transactions of the holding company with such subsidiaries will be reflected in the
appropriate items of the reports in the same manner as
transactions with unrelated outside parties. Additional
guidance on this topic is provided in accounting standards, including ASC Subtopic 810-10, Consolidation –
Overall (formerly FASB Statement No. 94, Consolidation of All Majority-Owned Subsidiaries).
Custody accounts. All custody and safekeeping activities
(i.e., the holding of securities, jewelry, coin collections,
and other valuables in custody or in safekeeping for
customers) should not to be reflected on any basis in the
balance sheet of the Consolidated Financial Statements
for Holding Companies unless cash funds held by the
bank in safekeeping for customers are commingled with
the general assets of the reporting holding company. In
such cases, the commingled funds would be reported in
the Consolidated Financial Statements for Holding Companies as deposit liabilities of the holding company.
For holding companies that file financial statements with
the Securities and Exchange Commission (SEC), major
classifications including total assets, total liabilities, total
equity capital and net income should generally be the
same between the FR Y-9C report filed with the Federal
Reserve and the financial statements filed with the SEC.
B. Report Form Captions, Non-applicable
Items and Instructional Detail
No caption on the report forms shall be changed in any
way. An amount or a zero should be entered for all items
except in those cases where (1) the reporting holding
company does not have any foreign offices; (2) the
reporting company does not have any depository institutions that are subsidiaries other than commercial banks;
FR Y9C
General Instructions December 2014
or (3) the reporting holding company has no consolidated subsidiaries that render services in any fiduciary
capacity and its subsidiary banks have no trust departments. If the reporting holding company has only domestic offices, Schedule HC, items 13(b)(1) and 13(b)(2),
and Schedule HI, items 1(a)(2) and 2(a)(2) should be left
blank. If the reporting company does not have any
depository institutions that are subsidiaries other than
commercial banks, then Schedule HC-E, items 2(a)
through 2(e) should be left blank. If the reporting company does not have any trust activities, then Schedule HI,
item 5(a) should be left blank. A holding company
should leave blank memorandum items 9(a) through 9(d)
of Schedule HI if the reporting holding company does
not have average trading assets of $2 million or more
(reported on Schedule HC-K, item 4(a)) as of the
March 31st report date of the current calendar year.
Holding companies who are not required to report Schedule HC-D or Schedule HC-Q may leave these schedules
blank. Savings and loan holding companies who are not
required to report Schedule HC-L, item 7(c)(1)(a)
through item 7(c)(2)(c), or all of Schedule HC-R may
leave these items blank.
There may be areas in which a holding company wishes
more technical detail on the application of accounting
standards and procedures to the requirements of these
instructions. Such information may often be found in the
appropriate entries in the Glossary section of these
instructions or, in more detail, in the GAAP standards.
Selected sections of the GAAP standards are referenced
in the instructions where appropriate. The accounting
entries in the Glossary are intended to serve as an aid in
specific reporting situations rather than a comprehensive
statement on accounting for holding companies.
Questions and requests for interpretations of matters
appearing in any part of these instructions should be
addressed to the appropriate Federal Reserve Bank (that
is, the Federal Reserve Bank in the district where the
holding company submits this report).
C. Rounding
For holding companies with total assets of less than $10
billion, all dollar amounts must be reported in thousands,
with the figures rounded to the nearest thousand. Items
less than $500 will be reported as zero. For holding
companies with total assets of $10 billion or more, all
dollar amounts may be reported in thousands, but each
GEN-5
General Instructions
holding company, at its option, may round the figures
reported to the nearest million, with zeros reported for the
thousands. For holding companies exercising this option,
amounts less than $500,000 will be reported as zero.
Rounding could result in details not adding to their stated
totals. However, to ensure consistent reporting, the
rounded detail items should be adjusted so that the totals
and the sums of their components are identical.
On the Consolidated Financial Statements for Holding
Companies, “Total assets” (Schedule HC, item 12) and
“Total liabilities and equity capital” (Schedule HC,
item 29), which must be equal, must be derived from
unrounded numbers and then rounded to ensure that these
two items are equal as reported. When reporting numeric
amounts, including dollar amounts, commas should not
be used to separate thousands, millions, and billions.
D. Negative Entries
Except for the items listed below, negative entries are
generally not appropriate on the FR Y-9C’s Balance
Sheet and should not be reported. Hence, assets with
credit balances must be reported in liability items and
liabilities with debit balances must be reported in asset
items, as appropriate, and in accordance with these instructions. Items for which negative entries may be made,
include:
(1) Schedule HC, item 8, “Investments in unconsolidated subsidiaries and associated companies.”
(2) Schedule HC, item 9, “Direct and indirect investments in real estate ventures”
(3) Schedule HC, item 26(a), “Retained earnings.”
(4) Schedule HC, item 26(b), “Accumulated other comprehensive income.”
(5) Schedule HC, item 26(c), “Other equity capital
components. ”
(6) Schedule HC, item 27(a), “Total holding company
equity capital.”
(7) Schedule HC, item 28, “Total equity capital.”
(8) Schedule HC-C, items 10, 10(a), and 10(b), on
‘‘Lease financing receivables (net of unearned
income).”
GEN-6
(9) Schedule HC-P, item 5, “Noninterest income for the
quarter from the sale, securitization, and servicing
of 1–4 family residential mortgage loans .”
(10) Schedule HC-R, Part I item 2, “Retained Earnings.”
(11) Schedule HC-R, Part I item 3, “Accumulated Other
Comprehensive Income (AOCI).
(12) Schedule HC-R, Part I item 9(a) “Net unrealized
gains (losses) on available-for-sale securities.”
(13) Schedule HC-R, Part I item 9(b) ”Net unrealized
loss on available-for-sale preferred stock classified
as an equity security under GAAP and availablefor-sale equity exposures.
(14) Schedule HC-R, Part I item 9(c) “Accumulated net
gains (losses) on cash flow hedges.”
(15) Schedule HC-R, Part I item 9(d) “Amounts recorded
in AOCI attributed to defined benefit postretirement
plans resulting from the initial and subsequent
application of the relevant GAAP standards that
pertain to such plans.”
(16) Schedule HC-R, Part I item 9(e) “Net unrealized
gains (losses) on held-to-maturity securities that are
included in AOCI.”
(17) Schedule HC-R, Part I item 9(f) “Accumulated net
gain (loss) on cash flow hedges included in AOCI,”
net of applicable income taxes, that relate to the
hedging of items that a are not recognized at fair
value on the balance sheet.
(18) Schedule HC-R, Part I item 10(a) Unrealized net
gain(loss) related to changes in the fair value of
liabilities that are due to changes in own credit risk.
(19) Schedule HC-R, Part I item 10(b) “All other deductions from (additions to) common equity tier 1
capital before threshold-based deductions.”
(20) Schedule HC-R, Part I item 12, “Subtotal,”
(21) Schedule HC-R, Part I item 19, “Common Equity
Tier 1 capital”
(22) Schedule HC-R, Part I item 26, “Tier 1 capital”
(23) Schedule HC-R Part I item 29, “Other deductions
from (additions to) assets for leverage ratio purposes”
(24) Schedule HC-R, Part I item 31, “Leverage Ratio”
FR Y9C
General Instructions March 2016
General Instructions
(25) Schedule HC-R Part I item 45(a) and 45(b) “Total
Capital”
(26) Schedule HC-R Part I item 47 through 49, Riskbased capital ratios
(27) Schedule HC-R, Part I item 51, “Eligible retained
income,” and
(28) Schedule HC-R Part II column B, “Adjustments to
Totals Reported in Column A,” for the asset categories in items 1 through 11
When negative entries do occur in one or more of these
items, they shall be recorded with a minus (2) sign rather
than in parenthesis.
On the Consolidated Report of Income (Schedule HI),
negative entries may appear as appropriate. Income items
with a debit balance and expense items with a credit
balance must be reported with a minus (2) sign.
E. Confidentiality
The completed version of this report generally is available to the public upon request on an individual basis
with the exception of any amounts reported in Schedule HI, memoranda item 7(g), “FDIC deposit insurance
assessments,” for report dates beginning June 30, 2009,
Schedule HC, Memorandum item 2b(1), “Name of
Engagement Partner,” item 2b(2), “E-mail Address,” and
in Schedule HC-P, item 7(a), “Representation and warranty reserves for 1-4 family residential mortgage loans
sold to U.S. government agencies and governmentsponsored agencies,” item 7(b), “Representation and
warranty reserves for 1-4 family residential mortgage
loans sold to other parties,” and Schedule HC-C, Part I,
Memorandum items 16.a and 16.b, for eligible loan
modifications under Section 4013 of the 2020 Coronavirus Aid, Relief, and Economic Security Act for report
dates beginning June 30, 2020. However, a reporting
holding company may request confidential treatment for
the Consolidated Financial Statements for Holding Companies (FR Y-9C) if the holding company is of the
opinion that disclosure of specific commercial or financial information in the report would likely result in
substantial harm to its competitive position, or that
disclosure of the submitted information would result in
unwarranted invasion of personal privacy.
A request for confidential treatment must be submitted in
writing prior to the electronic submission of the report.
FR Y9C
General Instructions September 2021
The request must discuss in writing the justification for
which confidentiality is requested 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 or that information is
personal is not sufficient.
Check Box. Holding companies 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 subsequently be released by the Federal Reserve
System in accordance with the terms of 12 CFR 261.16,
or otherwise provided by law. The Federal Reserve may
subsequently release information for which confidential
treatment is accorded if the Board of Governors determines that the disclosure of such information is in the
public interest. If the Federal Reserve deems it necessary
to release confidential data, the reporting institution will
be notified before it is released.
F. Verification and Signatures
Verification. All addition and subtraction should be
double-checked before reports are submitted. Totals and
subtotals in supporting materials should be cross-checked
to corresponding items elsewhere in the reports. Before a
report is submitted, all amounts should be compared with
the corresponding amounts in the previous report. If there
are any unusual changes from the previous report, a brief
explanation of the changes should be provided to the
appropriate Reserve Bank.
Signatures. A physical copy of the Consolidated Financial Statements for Holding Companies must be manually signed by the Chief Financial Officer of the holding
company (or by the individual performing this equivalent
function). By signing the cover page of this report, the
authorized officer acknowledges that any knowing and
willful misrepresentation or omission of a material fact
GEN-7
General Instructions
may subject the officer to legal sanctions provided by 18
USC 1001 and 1007.
Holding companies must maintain in their files a physical
copy of the manually signed FR Y-9C submission for a
period of three years following submission. A signature is
not submitted as part of the electronic submission.
G. Amended Reports
When the Federal Reserve’s interpretation of how GAAP
or these instructions should be applied to a specified
event or transaction (or series of related events or transactions) differs from the reporting holding company’s
interpretation, the Federal Reserve may require the holding company to reflect the event(s) or transaction(s) in its
FR Y-9C in accordance with the Federal Reserve’s
interpretation and to amend previously submitted reports.
The Federal Reserve will consider the materiality of such
event(s) or transaction(s) in making a determination
about requiring the holding company to apply the Federal
Reserve’s interpretation and to amend previously submitted reports. Materiality is a qualitative characteristic of
accounting information that is addressed in Financial
Accounting Standards Board (FASB) Concepts Statement No. 8, “Conceptual Framework for Financial Reporting,” as follows: “Information is material if omitting it or
misstating it could influence decisions that users make on
GEN-8
the basis of the financial information of a specific reporting entity.” In other words, materiality is an entityspecific aspect of relevance based on the nature or
magnitude or both of the items to which the information
relates in the context of an individual entity’s financial
report.
The Federal Reserve may require the filing of amended
Consolidated Financial Statements for Holding Companies if reports as previously submitted contain significant
errors. In addition, a holding company should file an
amended report when internal or external auditors make
audit adjustments that result in a restatement of financial
statements previously submitted to the Federal Reserve.
The Federal Reserve also requests that holding companies that have restated their prior period financial statements as a result of an acquisition submit revised reports
for the prior year-ends. While information to complete all
schedules to the FR Y-9C may not be available, holding
companies are requested to provide the Consolidated
Balance Sheet (Schedule HC) and the Consolidated
Report of Income (Schedule HI) for the prior year-ends.
In the event that certain of the required data are not
available, holding companies should contact the appropriate Reserve Bank for information on submitting revised
reports.
FR Y9C
General Instructions September 2021
LINE ITEM INSTRUCTIONS FOR
Consolidated Report of Income
Schedule HI
The line item instructions should be read in conjunction with the Glossary and other
sections of these instructions. See the discussion of the Organization of the Instruction
Books in the General Instructions. For purposes of these line item instructions, the
FASB Accounting Standards Codification is referred to as “ASC.”
General Instructions
Report in accordance with these instructions all income
and expense of the consolidated holding company for the
calendar year-to-date. Include adjustments of accruals
and other accounting estimates made shortly after the end
of a reporting period which relate to the income and
expense of the reporting period.
For purposes of this report, a savings and loan holding
company should report income from its savings association(s), nonbank subsidiary(s) and subsidiary savings and
loan holding company(s) (as defined in section 238.2 of
Regulation LL) following the same guidelines and
accounting rules set forth in these instructions for all
holding companies.
Holding companies that began operating during the
reporting period should report in the appropriate items of
Schedule HI all income earned and expense incurred
since commencing operations. The holding company
should report pre-opening income earned and expenses
incurred from inception until the date operations commenced using one of the two methods described in the
Glossary entry for ‘‘start-up activities.’’
Business Combinations and Transactions between Entities Under Common Control − If the holding company
entered into a business combination that became effective
during the reporting period and which has been accounted
for under the acquisition method, report the income and
expense of the acquired business only after its acquisition. If the holding company was involved in a transaction between entities under common control that became
effective during the year-to-date reporting period and has
been accounted for in a manner similar to a pooling of
interests, report the income and expense of the combined
entities for the entire calendar year-to-date as though they
had combined at the beginning of the year. For further
information on business combinations and transactions
FR Y-9C
Schedule HI
March 2016
between entities under common control, see the Glossary
entry for “business combinations.”
Assets and liabilities accounted under the fair value
option — Under U.S. generally accepted accounting
principles (GAAP) (i.e., ASC Subtopic 825-10, Financial
Instruments – Overall (formerly FASB Statement No.
159, The Fair Value Option for Financial Assets and
Financial Liabilities), ASC Subtopic 815-15, Derivatives
and Hedging – Embedded Derivatives (formerly FASB
Statement No. 155, Accounting for Certain Hybrid
Financial Instruments), and ASC Subtopic 860-50, Transfers and Servicing – Servicing Assets and Liabilities
(formerly FASB Statement No. 156, Accounting for
Servicing of Financial Assets)), the holding company
may elect to report certain assets and liabilities at fair
value with changes in fair value recognized in earnings.
This election is generally referred to as the fair value
option. If the holding company has elected to apply the
fair value option to interest-bearing financial assets and
liabilities, it should report the interest income on these
financial assets (except any that are in nonaccrual status)
and the interest expense on these financial liabilities for
the year-to-date in the appropriate interest income and
interest expense items on Schedule HI, not as part of the
reported change in fair value of these assets and liabilities
for the year-to-date. The holding company should measure the interest income or interest expense on a financial
asset or liability to which the fair value option has been
applied using either the contractual interest rate on the
asset or liability or the effective yield method based on
the amount at which the asset or liability was first
recognized on the balance sheet. Although the use of the
contractual interest rate is an acceptable method under
GAAP, when a financial asset or liability has a significant
premium or discount upon initial recognition, the measurement of interest income or interest expense under the
effective yield method more accurately portrays the
economic substance of the transaction. In addition, in
HI-1
Schedule HI
some cases, GAAP requires a particular method of
interest income recognition when the fair value option is
elected. For example, when the fair value option has been
applied to a beneficial interest in securitized financial
assets within the scope of ASC Subtopic 325-40,
Investments-Other – Beneficial Interests in Securitized
Financial Assets (formerly Emerging Issues Task Force
Issue No. 99-20, Recognition of Interest Income and
Impairment on Purchased and Retained Beneficial Interests in Securitized Financial Assets), interest income
should be measured in accordance with the consensus in
this issue. Similarly, when the fair value option has been
applied to a purchased impaired loan or debt security
accounted for under ASC Subtopic 310-30, Receivables
– Loans and Debt Securities Acquired with Deteriorated
Credit Quality (formerly AICPA Statement of Position
03-3, Accounting for Certain Loans or Debt Securities
Acquired in a Transfer), interest income on the loan or
debt security should be measured in accordance with this
Subtopic when accrual of income is appropriate. For
holding companies that have adopted Accounting Standards Update No. 2016-13 (ASU 2016-13), which governs the accounting for credit losses, when the fair value
option has been applied to an acquired loan or debt
security under ASC 326-20, “Financial InstrumentsCredit Losses—Measured at Amortized Cost,” interest
income on the loan or debt security should be measured
in accordance with Subtopic 310-10, “Receivables—
Overall,” regardless of whether or not management has
determined the asset to be purchased credit deteriorated
(PCD).
Revaluation adjustments, excluding amounts reported as
interest income and interest expense, to the carrying
value of all assets and liabilities reported in Schedule HC
at fair value under a fair value option (excluding servicing assets and liabilities reported in Schedule HC,
item 10, “Intangible assets,” and Schedule HC, item 20,
“Other liabilities,” respectively) resulting from the periodic marking of such assets and liabilities to fair value
should be reported as “Other noninterest income” in
Schedule HI, item 5(l).
However, the holding company should report in Schedule HI-A, item 12, “Other comprehensive income,” the
portion of the total change in the fair value of a liability
resulting from a change in the instrument-specific credit
risk (“own credit risk”) when the holding company has
elected to measure the liability at fair value in accordance
with the fair value option for financial instruments.
HI-2
Line Item 1 Interest income.
Line Item 1(a) Interest and fee income on loans.
Report in the appropriate subitem all interest, fees, and
similar charges levied against or associated with all
assets reportable as loans in Schedule HC-C, items 1
through 9.
Deduct interest rebated to customers on loans paid before
maturity from gross interest earned on loans; do not
report as an expense.
Include as interest and fee income on loans:
(1) Interest on all assets reportable as loans extended
directly, purchased from others, sold under agreements to repurchase, or pledged as collateral for any
purpose.
(2) Loan origination fees, direct loan origination costs,
and purchase premiums and discounts on loans held
for investment, all of which should be deferred and
recognized over the life of the related loan as an
adjustment of yield under ASC Subtopic 310-20,
Receivables – Nonrefundable Fees and Other Costs
(formerly FASB Statement No. 91, Accounting for
Nonrefundable Fees and Costs Associated with Originating or Acquiring Loans and Initial Direct Costs of
Leases) as described in the Glossary entry for ‘‘loan
fees.’’ See exclusion (3) below.
For holding companies that have adopted ASU 201613, which governs the accounting for credit losses,
the purchase premiums and discounts on loans held
for investment that management has determined to
be PCD and are measured at amortized cost, should
be adjusted to exclude the acquisition date allowance
for credit loss from the amortized cost basis of the
loans. For further information, see the Glossary entry
“Purchased Credit Deteriorated (PCD) loans and
debt securities.”
(1) Loan commitment fees (net of direct loan origination
costs) that must be deferred over the commitment
period and recognized over the life of the related loan
as an adjustment of yield under ASC Subtopic 310-20
as described in the Glossary entry for ‘‘loan fees.’’
(2) Investigation and service charges, fees representing a
reimbursement of loan processing costs, renewal and
past-due charges, prepayment penalties, and fees
charged for the execution of mortgages or agreements securing the holding company’s loans.
Schedule HI
FR Y-9C
December 2020
Schedule HI
(3) Charges levied against overdrawn accounts based on
the length of time the account has been overdrawn,
the magnitude of the overdrawn balance, or which
are otherwise equivalent to interest. See exclusion (6)
below.
(4) The contractual amount of interest income earned on
loans that are reported at fair value under a fair value
option.
Exclude from interest and fee income on loans:
(1) Fees for servicing real estate mortgages or other
loans that are not assets of the holding company
(report in Schedule HI, item 5(f), “Net servicing
fees”).
(2) Charges to merchants for the holding company’s
handling of credit card or charge sales when the
holding company does not carry the related loan
accounts on its books (report as ‘‘Other noninterest
income’’ in Schedule HI, item 5(l)). Holding companies may report this income net of the expenses
(except salaries) related to the handling of these
credit card or charge sales.
(3) Loan origination fees, direct loan origination costs,
and purchase premiums and discounts on loans held
for sale, all of which should be deferred until the loan
is sold (rather than amortized). The net fees or costs
and purchase premium or discount are part of the
recorded investment in the loan. When the loan is
sold, the difference between the sales price and the
recorded investment in the loan is the gain or loss on
the sale of the loan. See exclusion (4) below.
(4) Net gains (losses) from the sale of all assets reportable as loans (report in Schedule HI, item 5(i), ‘‘Net
gains (losses) on sales of loans and leases’’). Refer to
the Glossary entry for ‘‘transfers of financial assets.’’
(5) Reimbursements for out-of-pocket expenditures (e.g.,
for the purchase of fire insurance on real estate
securing a loan) made by the holding company for
the account of its customers. If the holding company’s expense accounts were charged with the
amount of such expenditures, the reimbursements
should be credited to the same expense accounts.
(6) Transaction or per item charges levied against deposit
accounts for the processing of checks drawn against
insufficient funds that the holding company assesses
regardless of whether it decides to pay, return, or
FR Y-9C
Schedule HI
March 2013
hold the check, so-called ‘‘NSF check charges’’
(report as ‘‘Service charges on deposit accounts (in
domestic offices),’’ in Schedule HI, item 5(b), or, if
levied against deposit accounts in foreign offices, as
‘‘Other noninterest income’’ in Schedule HI, item
5(l)). See inclusion (5) above.
(7) Interchange fees earned from credit card transactions
(report as ‘‘Other noninterest income’’ in Schedule
HI, item 5(l)).
Line Item 1(a)(1) Interest and fee income on loans
in domestic offices.
Report all interest, fees, and similar charges levied
against or associated with all loans in domestic offices
reportable in Schedule HC-C, items 1 through 9, column B for holding companies with foreign offices and
reportable in Schedule HC-C, items 1 through 9, for
holding companies with domestic offices only.
Line Item 1(a)(1)(a) Interest and fee income on
loans secured by 1-4 family residential properties.
Report all interest, fees, and similar charges levied
against or associated with all loans secured by 1-4 family
residential properties (in domestic offices) reportable in
Schedule HC-C, item 1(c), column B.
Line Item 1(a)(1)(b) Interest and fee income on all
other loans secured by real estate.
Report all interest, fees, and similar charges levied
against or associated with all loans secured by real estate
(in domestic offices) reportable in Schedule HC-C, items
1(a), 1(b), 1(d), and 1(e), column B. Include interest and
fee income on loans secured by 1-4 family residential
construction loans, but exclude such income on all other
loans secured by 1-4 family residential properties.
Line Item 1(a)(1)(c) Interest and fee income on all
other loans.
Report all interest, fees, and similar charges levied
against or associated with all other loans (in domestic
offices) (other than loans secured by real estate in domestic offices) reportable in Schedule HC-C, items 2 through
9, column B.
HI-3
Schedule HI
Line Item 1(a)(2) Interest and fee income on loans
in foreign offices, Edge and Agreement subsidiaries,
and IBFs.
balances due from depository institutions that are reported
at fair value under a fair value option.
Report all interest, fees, and similar charges levied
against or associated with all loans in foreign offices,
Edge and Agreement subsidiaries, and IBFs reportable in
Schedule HC-C, column A, items 1 through 9.
Line Item 1(d) Interest and dividend income on
securities.
Line Item 1(b) Income from lease financing
receivables.
Report income from direct financing and leveraged leases
reportable in Schedule HC-C, item 10, “Lease financing
receivables (net of unearned income).” (See Glossary
entry for “lease accounting.”)
Include income from:
(1) Direct financing leases accounted for under ASC
Topic 840, Leases, by a holding company that has not
adopted ASC Topic 842, Leases;
(2) Direct financing and sales-type leases accounted for
under ASC Topic 842 by a holding company that has
adopted ASC Topic 842; and
(3) Leveraged leases accounted for under ASC Topic 840
(including leveraged leases that were grandfathered
upon the adoption of ASC Topic 842 and remain
grandfathered).
Exclude:
(1) Any investment tax credit associated with leased
property (include in Schedule HI, item 9, “Applicable income taxes” (on item 8.c)).
(2) Provision for losses on leases (report in Schedule HI,
item 4, ‘‘Provision for loan and lease losses’’).
(3) Rental fees applicable to operating leases for furniture and equipment rented to others (report in Schedule HI, item 5(l), ‘‘Other noninterest income’’).
Line Item 1(c) Interest income on balances due
from depository institutions.
Report all income on assets reportable in Schedule HC,
item 1(b), ‘‘Interest-bearing balances due from depository Institutions,’’ including interest-bearing balances
maintained to satisfy reserve balance requirements, excess
balances, and term deposits due from Federal Reserve
Banks. Include interest income earned on interest-bearing
HI-4
Report in the appropriate subitem all income on debt
securities that are reportable in Schedule HC-B, Securities. Include accretion of discount on securities for the
current period. Deduct current amortization of premium
on debt securities. (Refer to the Glossary entry for
“premiums and discounts.”)
Also include dividend income on equity securities with
readily determinable fair values not held for trading that
are reportable in Schedule HC, item 2(c).
Include interest and dividends on debt securities held in
the consolidated holding company’s held-to-maturity and
available-for-sale portfolios and dividends on equity
securities with readily determinable fair values not held
for trading, even if such securities have been lent, sold
under agreements to repurchase that are treated as borrowings, or pledged as collateral for any purpose.
Include interest received at the sale of debt securities to
the extent that such interest had not already been accrued
on the consolidated holding company’s books.
Do not deduct accrued interest included in the purchase
price of debt securities from income on securities and do
not charge to expense. Record such interest in a separate
asset account (to be reported in Schedule HC, item 11,
‘‘Other assets’’) to be offset upon collection of the next
interest payment.
Report income from detached U.S. Government security
coupons and ex-coupon U.S. Government securities not
held for trading in item 1(d)(3) as interest and dividend
income on ‘‘All other securities.’’ Refer to the Glossary
entry for ‘‘coupon stripping, Treasury receipts, and
STRIPS.’’
Exclude from interest and dividend income on securities:
(1) Realized gains (losses) on held-to-maturity securities
and on available-for-sale debt securities (report in
Schedule HI, items 6(a) and 6(b), respectively).
(2) Net unrealized holding gains (losses) on availablefor-sale debt securities (include the amount of such
net unrealized holding gains (losses) in Schedule HC,
item 26(b), “Accumulated other comprehensive
Schedule HI
FR Y-9C
December 2020
Schedule HI
income,” and the calendar year-to-date change in
such net unrealized holding gains (losses) in Schedule HI-A, item 10, ‘‘Other comprehensive income)’’.
(3) The year-to-date change in net realized and unrealized gains (losses), and any realized gains (losses),
on equity securities with readily determinable fair
values not held for trading (report in Schedule HI,
item 8(b).
(4) Income from advances to, or obligations of, majorityowned subsidiaries not consolidated, associated companies, and those corporate joint ventures over which
the consolidated holding company exercises significant influence (report as “Noninterest income” in the
appropriate subitem of Schedule HI, item 5).
Line Item 1(d)(1) U.S. Treasury securities and U.S.
government agency obligations (excluding
mortgage-backed securities).
Report income from all securities reportable in Schedule HC-B, item 1, ‘‘U.S. Treasury securities,’’ and item 2,
‘‘U.S. government agency obligations.’’ Include accretion
of discount on U.S. Treasury bills.
Line Item 1(d)(2)
Mortgage-backed securities.
Report all income from securities reportable in Schedule HC-B, item 4, ‘‘Mortgage-backed securities.’’
Line Item 1(d)(3)
All other securities.
Report in the appropriate subitem income from all other
debt securities and from all equity securities of companies domiciled in the U.S. that are reportable in
Schedule HC-B, item 3, ‘‘Securities issued by states and
political subdivisions in the U.S.,’’ item 5, ‘‘Asset-backed
securities (ABS),” and item 6, “Other debt securities.”
Also include income from all securities reportable in
Schedule HC, item 2(c), “Equity securities with readily
determinable fair values not held for trading.”
Exclude from interest and dividend income on all other
securities:
(1) Income from equity securities that do not have
readily determinable fair values (report as ‘‘Other
interest income’’ in Schedule HI, item 1(g)).
(2) The consolidated holding company’s proportionate
share of the net income or loss from its common
stock investments in domestic unconsolidated subsidiaries, associated companies, and those corporate
FR Y-9C
Schedule HI
December 2020
joint ventures over which the consolidated holding
company exercises significant influence (report
income or loss before discontinued operations in the
appropriate subitem of item 5 and report discontinued operations, net of applicable taxes and minority
interest, in Schedule HI, item 11).
Line Item 1(e) Interest income from trading
assets.
Note: 1(e) is to be completed by holding companies
with $5 billion or more in total assets. Holding companies with less than $5 billion in total assets should
report interest income from trading assets in 1(g),
Other interest income.
Report the interest income earned on assets reportable in
Schedule HC, item 5, ‘‘Trading assets.’’
Include accretion of discount on assets held in trading
accounts that have been issued on a discount basis, such
as U.S. Treasury bills and commercial paper.
Exclude gains (losses) and fees from trading assets,
which should be reported in Schedule HI, item 5(c),
‘‘Trading revenue.’’ Also exclude revaluation adjustments from the periodic marking to market of derivative
contracts held for trading purposes, which should be
reported as trading revenue in Schedule HI, item 5(c).
The effect of the periodic net settlements on these
derivative contracts should be included as part of the
revaluation adjustments from the periodic marking to
market of the contracts.
Line Item 1(f) Interest income on federal funds
sold and securities purchased under agreements to
resell.
Report the gross revenue from assets reportable in Schedule HC, item 3, ‘‘Federal funds sold and securities
purchased under agreements to resell.’’ Include the contractual amount of interest income earned on federal
funds sold and securities purchased under agreements to
resell that are reported at fair value under a fair value
option.
Line Item 1(g) Other interest income.
Report interest income and dividend income on assets
other than those assets properly reported in Schedule HC,
items 1-5.
HI-5
Schedule HI
(1) Interest income on real estate sales contracts reportable in Schedule HC, item 7, ‘‘Other real estate
owned.’’
(2) Interest income from advances to, or obligations of,
majority-owned subsidiaries not consolidated on this
report, associated companies, and those corporate
joint ventures over which the consolidated holding
company exercises significant influence.
Exclude the consolidated holding company’s proportionate share of the income or loss before discontinued operations from its common stock investments in
unconsolidated subsidiaries, associated companies,
and those corporate joint ventures over which the
holding company exercises significant influence
(report in item 5(l), ‘‘Other noninterest income’’) and
the consolidated holding company’s proportionate
share of discontinued operations of these entities
(report in item 12, ‘‘Discontinued operations net of
applicable taxes and minority interest’’).
(3) Interest received on other assets not specified above.
(4) Include interest income on receivables from foreclosures on fully and partially government-guaranteed
mortgage loans that are reportable in Schedule HC-F,
item 6.
(5) Dividend income on equity investments without readily determinable fair values that are reportable in
Schedule HC-F, item 4.
(6) Holding companies with less than $5 billion in assets
should report interest income from trading assets in
this line item.
Line Item 1(h) Total interest income.
Report the sum of items 1(a) through 1(g).
Line Item 2 Interest expense.
Line Item 2(a) Interest on deposits.
Report in the appropriate subitem all interest expense,
including amortization of the cost of merchandise or
property offered in lieu of interest payments, on deposits
reportable in Schedule HC, item 13(a)(2), “Interestbearing deposits in domestic offices,” and Schedule HC,
item 13(b)(2), “Interest-bearing deposits in foreign offices,
Edge and Agreement subsidiaries, and IBFs.”
HI-6
Exclude the cost of gifts or premiums (whether in the
form of merchandise, credit, or cash) given to depositors
at the time of the opening of a new account or an addition
to, or renewal of, an existing account (report in Schedule
HI, item 7(d), ‘‘Other noninterest expense’’).
Include as interest expense on the appropriate category of
deposits finders’ fees, brokers’ fees, and other fees
related to any type of interest-bearing broker deposit
accounts (e.g., money market deposit accounts) that
represent an adjustment to the interest rate paid on
deposits the reporting bank acquires through brokers. If
these fees are paid in advance and are material they
should be capitalized and amortized over the term of the
related deposits. However, exclude fees levied by brokers
that are, in substance, retainer fees or that otherwise do
not represent an adjustment to the interest rate paid on
brokered deposits e.g., flat fees to administer the account
(report in Schedule HI, item 7(d), “Other noninterest
expense.”
Also include as interest expense the contractual amount
of interest expense incurred on deposits that are reported
at fair value under a fair value option. Deposits with
demand features (e.g., demand and savings deposits in
domestic offices) are generally not eligible for the fair
value option.
Deduct from the gross interest expense of the appropriate
category of time deposits penalties for early withdrawals,
or portions of such penalties, that represent the forfeiture
of interest accrued or paid to the date of withdrawal. If
material, portions of penalties for early withdrawals that
exceed the interest accrued or paid to the date of withdrawal should not be treated as a reduction of interest
expense but should be included in ‘‘Other noninterest
income’’ in Schedule HI, item 5(l).
Line Item 2(a)(1) Interest on deposits in domestic
offices.
Line Item 2(a)(1)(a) Interest on time deposits of
$250,000 or less.
Report interest expense on all time deposits reportable
in Schedule HC-E, items 1(d) and 2(d), “Time deposits of
$250,000 or less” in domestic offices of subsidiary
commercial banks and in domestic offices of other subsidiary depository institutions.
Line Item 2(a)(1)(b) Interest on time deposits of
more than $250,000.
Report in this item all interest expense reportable in
Schedule HC-E, items 1(e) and 2(e), “Time deposits of
Schedule HI
FR Y-9C
March 2018
Schedule HI
more than $250,000” in domestic offices of subsidiary
commercial banks and in domestic offices of other subsidiary depository institutions.
Line Item 2(a)(1)(c) Interest on other deposits.
Report interest expense on all deposits reportable in
Schedule HC, item 13(a)(2), ‘‘Interest-bearing deposits
in domestic offices,’’ excluding interest on time deposits
in domestic offices of subsidiary commercial banks and
in domestic offices of other subsidiary depository institutions, which are reportable in items 2(a)(1)(a) or
2(a)(1)(b) above.
Line Item 2(a)(2) Interest on deposits in foreign
offices, Edge and Agreement subsidiaries, and IBFs.
Report interest expense on all deposits in foreign offices
reportable in Schedule HC, item 13(b)(2), ‘‘Interestbearing deposits in foreign offices, Edge and Agreement
subsidiaries, and IBFs.’’
Line Item 2(b) Expense of federal funds
purchased and securities sold under agreements to
repurchase.
Report the gross expense of all liabilities reportable in
Schedule HC, item 14, ‘‘Federal funds purchased and
securities sold under agreements to repurchase.’’ Include
the contractual amount of interest expense incurred on
federal funds purchased and securities sold under agreements to repurchase that are reported at fair value under a
fair value option.
Report the income of federal funds sold and securities
purchased under agreements to resell in Schedule HI,
item 1(f); do not deduct from the gross expense reported
in this item. However, if amounts recognized as payables
under repurchase agreements have been offset against
amounts recognized as receivables under reverse repurchase agreements and reported as a net amount in
Schedule HC, Balance Sheet, in accordance with ASC
Subtopic 210-20, Balance Sheet – Offsetting (formerly
FASB Interpretation No. 41, Offsetting of Amounts
Related to Certain Repurchase and Reverse Repurchase
Agreements), the income and expense from these agreements may be reported on a net basis in Schedule HI,
Income Statement.
FR Y-9C
Schedule HI
September 2020
Line Item 2(c) Interest on trading liabilities and
other borrowed money.
Report the interest expense on all liabilities reportable in
Schedule HC, item 15, ‘‘Trading liabilities,’’ and item 16,
‘‘Other borrowed money.’’ Include the contractual amount
of interest expense incurred on other borrowed money
reported at fair value under a fair value option.
Include amortization of debt issuance costs associated
with other borrowed money (unless the borrowed money
reported at fair value under a fair value option, in which
case issuance costs should be expensed as incurred).
Line Item 2(d) Interest on subordinated notes and
debentures.
Note: Item 2(d) be completed by holding companies $5
billion or more in total assets. Holding companies with
less than $5 billion in total assets should report Interest
on Subordinated notes and debentures in 2(e), Other
Interest Expense.
Report the interest expense on all liabilities reportable in
Schedule HC, item 19(a), ‘‘Subordinated notes and
debentures.’’ Include the contractual amount of interest
expense incurred on subordinated notes and debentures
reported at fair value under a fair value option.
Include the interest expense of mandatory convertible
securities associated with gross equity contract notes and
gross equity commitment notes.
Include amortization of debt issuance costs associated
with subordinated notes and debentures (unless the notes
and debentures are reported at fair value under a fair
value option, in which case issuance costs should be
expensed as incurred).
Exclude from this item interest on any reportable notes
payable to unconsolidated special purpose entities that
issue trust preferred securities (included in Schedule HC,
item 19(b), ‘‘Subordinated notes payable to unconsolidated trusts issuing trust preferred securities, and trust
preferred securities issued by consolidated special purpose entities’’). Report this interest expense in Schedule
HI, item 2(e), ‘‘Other interest expense.’’
Exclude from this item the amortization of expenses
incurred in the issuance of these notes payable. Capitalize such expenses, if material, and amortize them over
the life of the related notes payable. Report these amortized issuance costs in Schedule HI, item 2(e).
HI-7
Schedule HI
Exclude dividends declared or paid on limited-life preferred stock (report dividends declared in Schedule HI-A,
item 10).
Report the difference between item 1(h), “Total interest
income” and item 2(f), “Total interest expense.” If the
amount is negative, report with a minus (-) sign.
calendar year to date in the amount of impairment related
to credit losses on individual available-for-sale debt
securities. Provisions for credit losses (or reversals of
provisions) on off-balance sheet credit exposures represent the amounts necessary to adjust the related allowance for credit losses at the quarter-end report date for
management’s current estimate of expected credit losses
on these exposures. Exclude the initial allowance gross-up
amounts established upon the purchase of creditdeteriorated financial assets, which are recorded at the
date of acquisition as an addition to the purchase price to
determine the initial amortized cost basis of the assets.
The amount reported in this item must equal the sum of
Schedule HI-B, Part II, item 5, columns A through
column C plus Schedule HI-B, Part II, Memorandum
items 5 and 7. Report negative amounts with a minus
(-) sign.
Line Item 4 Provision for loan and lease losses.
The amount reported here may differ from the bad debt
expense deduction taken for federal income tax purposes.
Line Item 2(e) Other interest expense.
Report in this item the interest expense on all other
liabilities not reported in Schedule HI, items 2(a) through
2(d) above.
Line Item 2(f) Total interest expense.
Report the sum of Schedule HI, items 2(a) through 2(e).
Line Item 3 Net interest income.
Holding companies that have not adopted ASU-2016-13,
report the amount needed to make the allowance for loan
and lease losses, as reported in Schedule HC, item 4(c),
adequate to absorb estimated credit losses, based upon
management’s evaluation of the loans and leases that the
reporting holding company has the intent and ability to
hold for the foreseeable future or until maturity or payoff.
Also include in this item any provision for allocated
transfer risk related to loans and leases. The amount
reported in this item must equal Schedule HI-B, Part II,
item 5, column A, “Provision for credit losses.” Report
negative amounts with a minus (-) sign.
Holding companies that have adopted ASU 2016-13
should report amounts expensed as provisions for credit
losses (or reversals of provisions) during the calendar
year to date on all financial assets and off-balance sheet
credit exposures within the scope of the ASU. Financial
assets within the scope of the ASU include those measured at amortized cost (including loans held for investment and held-to-maturity debt securities), net investments in leases, and available-for-sale debt securities.
Provisions for credit losses (or reversals of provisions) on
financial assets measured at amortized cost and net
investments in leases represent the amounts necessary to
adjust the related allowances for credit losses at the
quarter-end report date for management’s current estimate of expected credit losses on these assets. Provisions
for credit losses (or reversals of provisions) on availablefor-sale debt securities represent changes during the
HI-8
Refer to the Glossary entries for “allowance for loan and
lease losses,” “loan impairment,” and “allowances for
credit losses,” as applicable, for additional information.
Line Item 5 Noninterest income:
Line Item 5(a) Income from fiduciary activities.
Report gross income from services rendered by the trust
departments of the holding company’s banking subsidiaries or by any of the holding company’s consolidated
subsidiaries acting in any fiduciary capacity. Include
commissions and fees on the sales of annuities by these
entities that are executed in a fiduciary capacity.
Exclude commissions and fees received for the accumulation or disbursement of funds deposited to Individual
Retirement Accounts (IRAs) or Keogh Plan accounts
when they are not handled by the trust departments
of the holding company’s subsidiary banks (report in
item 5(b), “Service charges on deposit accounts in
domestic offices”).
Leave this item blank if the subsidiary banks of the
reporting holding company have no trust departments
and the holding company has no consolidated subsidiaries that render services in any fiduciary capacity.
Line Item 5(b) Service charges on deposit
accounts in domestic offices.
Report in this item amounts charged depositors in domestic offices:
Schedule HI
FR Y-9C
March 2021
Schedule HI
(1) For the maintenance of their deposit accounts with
the holding company or its consolidated subsidiaries, so-called “maintenance charges.”
(2) For their failure to maintain specified minimum
deposit balances.
(3) Based on the number of checks drawn on and
deposits made in their deposit accounts.
(4) For checks drawn on so-called “no minimum balance” deposit accounts.
(5) For withdrawals from nontransaction deposit
accounts.
(6) For the closing of savings accounts before a specified minimum period of time has elapsed.
(7) For accounts which have remained inactive for
extended periods of time or which have become
dormant.
(8) For deposits to or withdrawals from deposit accounts
through the use of automated teller machines or
remote service units.
(9) For the processing of checks drawn against insufficient funds, so-called “NSF check charges,” that
the subsidiary banks of the holding company assess
regardless of whether it decides to pay, return, or
hold the check. Exclude subsequent charges levied
against overdrawn accounts based on the length of
time the account has been overdrawn, the magnitude of the overdrawn balance, or which are otherwise equivalent to interest (report in the appropriate
subitem of item 1(a)(1), ‘‘Interest and fee income
on loans in domestic offices’’).
(10) For issuing stop payment orders.
(11) For certifying checks.
(12) For the accumulation or disbursement of funds
deposited to Individual Retirement Accounts (IRAs)
or Keogh Plan accounts when not handled by the
trust departments of subsidiary banks of the reporting holding company.
Report such commissions and fees received for
accounts handled by the trust departments of the
holding company’s banking subsidiaries or by other
consolidated subsidiaries in item 5(a), “Income
from fiduciary activities.”
FR Y-9C
Schedule HI
December 2019
Exclude penalties paid by depositors for the early
withdrawal of time deposits (report in item 5(l),
‘‘Other noninterest income,’’ or deduct from the
interest expense of the related category of time
deposits, as appropriate).
(13) For wire transfer services provided to the institution’s depositors.
Line Item 5(c) Trading revenue.
Note: Item 5(c) is to be completed by holding companies
with $5 billion or more in total assets. Holding companies with less than $5 billion in total assets should
report Trading revenue in HI 5(L), Other noninterest
income.)
Report the net gain or loss from trading cash instruments
and off-balance-sheet derivative contracts (including
commodity contracts) that has been recognized during
the calendar year-to-date. The amount reported in this
item must equal the sum of Schedule HI, Memoranda
item 9(a) through 9(e).
Include as trading revenue:
(1) Revaluation adjustments to the carrying value of cash
instruments reportable in Schedule HC, item 5,
‘‘Trading assets,’’ and Schedule HC, item 15, ‘‘Trading liabilities,’’ resulting from the periodic marking
to market of such instruments.
(2) Revaluation adjustments from the periodic marking
to market of interest rate, foreign exchange rate,
commodity, and equity derivative contracts reportable in Schedule HC-L, item 12, ‘‘Total gross notional
amount of derivative contracts held for trading,’’ and
credit derivative contracts reportable in Schedule
HC-L, item 7, ‘‘Credit derivatives,’’ that are held for
trading purposes. The effect of the periodic net
settlements on derivative contracts held for trading
purposes should be included as part of the revaluation adjustments from the periodic marking to market
of these contracts.
(3) Incidental income and expense related to the purchase and sale of assets and liabilities reportable
in Schedule HC, item 5, ‘‘Trading assets,’’ and
Schedule HC, item 15, ‘‘Trading liabilities,’’ and
off-balance-sheet derivative contracts reportable in
Schedule HC-L, item 12, ‘‘Total gross amount of
derivative contracts held for trading,’’ and credit
HI-9
Schedule HI
derivatives contracts reportable in Schedule HC-L,
item 7, that are held for trading purposes.
If the amount to be reported in this item is a net loss,
report with a minus (-) sign.
Holding companies with less than $5 billion in total
assets should report data items 5.d.(6) and 5.d.(7) only
and leave 5.d.(1) through 5.d.(5) blank.
Line Item 5(d) Income from securities-related and
insurance activities.
For holding companies $5 billion or more in total assets,
for items 5(d)(1) and 5(d)(2) below, when a holding
company partners with, or otherwise joins with, a third
party to conduct securities brokerage, investment banking, investment advisory, securities underwriting, insurance and annuity sales, insurance underwriting, or any
other securities-related and insurance activities, and any
fees and commissions generated by these activities are
shared with the third party, the reporting holding company should report its share of the fees or commissions in
the appropriate subitem of this item 5(d) rather than
reporting the gross fees and commissions in the appropriate subitem and the third party’s share of the fees and
commissions in Schedule HI, item 7(d), “Other noninterest expense.”
Line Item 5(d)(1) Fees and commissions from
securities brokerage.
Report fees and commissions from securities brokerage
activities, from the sale and servicing of mutual funds,
from the purchase and sale of securities and money
market instruments where the holding company is acting
as agent for other banking institutions or customers, and
from the lending of securities owned by the holding
company or by holding company customers (if these fees
and commissions are not included in Schedule HI, item
5(a), ‘‘Income from fiduciary activities,’’ or item 5(c),
‘‘Trading revenue’’). However, exclude fees and commissions from the sale of annuities (fixed, variable, and
other) to holding company customers by the holding
company or any securities brokerage subsidiary (report
such income in Schedule HI, item 5(d)(3), ‘‘Fees and
commissions from annuity sales’’).
Also include the holding company’s proportionate share
of the income or loss before discontinued operations
from its investments in equity method investees that are
principally engaged in securities brokerage activities.
HI-10
Equity method investees include unconsolidated subsidiaries; associated companies; and corporate joint ventures,
unincorporated joint ventures, general partnerships, and
limited partnerships over which the holding company
exercises significant influence.
Line Item 5(d)(2) Investment banking, advisory,
and underwriting fees and commissions.
Report fees and commissions from underwriting (or
participating in the underwriting of) securities, private
placements of securities, investment advisory and management services, merger and acquisition services, and
other related consulting fees. Include fees and commissions from the placement of commercial paper, both for
transactions issued in the holding company’s name and
transactions in which the holding company acts as an
agent for a third party issuer.
Also include the holding company’s proportionate share
of the income or loss before discontinued operations
from its investments in equity method investees that are
principally engaged in investment banking, advisory, or
securities underwriting activities. Equity method investees include unconsolidated subsidiaries; associated companies; and corporate joint ventures, unincorporated joint
ventures, general partnerships, and limited partnerships
over which the holding company exercises significant
influence.
Line Item 5(d)(3) Fees and commissions from
annuity sales.
Report fees and commissions from sales of annuities
(fixed, variable, and other) by the holding company and
any subsidiary of the holding company and fees earned
from customer referrals for annuities to insurance companies and insurance agencies external to the consolidated
holding company. Also include management fees earned
from annuities.
However, exclude fees and commissions from sales of
annuities by the trust departments of the holding company’s subsidiary banks (or by a consolidated trust
company subsidiary) that are executed in a fiduciary
capacity (report in Schedule HI, item 5(a), ‘‘Income from
fiduciary activities’’).
Also include the holding company’s proportionate share
of the income or loss before discontinued operations
from its investments in equity method investees that are
principally engaged in annuity sales. Equity method
Schedule HI
FR Y-9C
March 2021
Schedule HI
investees include unconsolidated subsidiaries; associated
companies; and corporate joint ventures, unincorporated
joint ventures, general partnerships, and limited partnerships over which the holding company exercises significant influence.
Line Item 5(d)(4) Underwriting income from
insurance and reinsurance activities.
Report the amount of premiums earned by holding
company subsidiaries engaged in insurance underwriting
or reinsurance activities. Include earned premiums from
(a) life and health insurance and (b) property and casualty
insurance, whether (direct) underwritten business or
ceded or assumed (reinsured) business. Insurance premiums should be reported net of any premiums transferred
to other insurance underwriters/reinsurers in conjunction
with reinsurance contracts.
Also include the holding company’s proportionate share
of the income or loss before discontinued operations
from its investments in equity method investees that are
principally engaged in insurance underwriting or reinsurance activities. Equity method investees include unconsolidated subsidiaries; associated companies; and corporate joint ventures, unincorporated joint ventures, general
partnerships, and limited partnerships over which the
holding company exercises significant influence.
Exclude income from sales and referrals involving insurance products and annuities (see the instructions for
Schedule HI, items 5(d)(5) and 5(d)(3), respectively, for
information on reporting such income).
Line Item 5(d)(5)
activities.
Income from other insurance
Report income from insurance product sales and referrals, including:
(1) Service charges, commissions, and fees earned from
insurance sales, including credit, life, health, property, casualty, and title insurance products.
(2) Fees earned from customer referrals for insurance
products to insurance companies and insurance agencies external to the consolidated holding company.
Also include management fees earned from separate
accounts and universal life products.
Exclude income from annuity sales and referrals (see the
instructions for Schedule HI, item 5(d)(3), above, for
information on reporting such income).
FR Y-9C
Schedule HI
March 2021
Also include the holding company’s proportionate share
of the income or loss before discontinued operations
from its investments in equity method investees that are
principally engaged in insurance product sales and referrals. Equity method investees include unconsolidated
subsidiaries; associated companies; and corporate joint
ventures, unincorporated joint ventures, general partnerships, and limited partnerships over which the holding
company exercises significant influence.
Income from securities-related and insurance activities. For holding companies with less than $5 billion in
total assets, for items 5(d)(6) and 5(d)(7) below, when a
holding company partners with, or otherwise joins with, a
third party to conduct securities brokerage, investment
banking, investment advisory, securities underwriting,
insurance and annuity sales, insurance underwriting, or
any other securities-related and insurance activities, and
any fees and commissions generated by these activities
are shared with the third party, the reporting holding
company should report its share of the fees or commissions in the appropriate subitem of item 5(d)(6) or 5(d)(7)
rather than reporting the gross fees and commissions in
the appropriate subitem and the third party’s share of the
fees and commissions in Schedule HI, item 7(d), “Other
noninterest expense.”
Line item 5(d)(6) Fees and commissions from
securities brokerage, investment banking, advisory,
and underwriting fees and commissions.
Holding companies with less than $5 billion in consolidated assets should report in this item fees and commissions from securities brokerage, investment banking,
advisory, and underwriting fees and commissions. See
instructional guidance for line item 5(d)(1) and 5(d)(2)
for more information.
Line item 5(d)(7) Income from insurance activities.
Holding companies with less than $5 billion in consolidated assets should report in this item income from
insurance activities. See instructional guidance for line
item 5(d)3 through 5(d)(5) for more information.
Line Item 5(e) Venture capital revenue.
Item 5(e) is to be completed by holding companies $5
billion or more in total assets. Holding companies
with less than $5 billion in total assets should report
Venture Capital Revenue in HI 5(L), Other noninterest income.)
HI-11
Schedule HI
In general, venture capital activities involve the providing of funds, whether in the form of loans or equity, and
technical and management assistance, when needed and
requested, to start-up or high-risk companies specializing
in new technologies, ideas, products, or processes. The
primary objective of these investments is capital growth.
Report as venture capital revenue market value adjustments, interest, dividends, gains, and losses (including
impairment losses) on venture capital investments (loans
and securities). Include any fee income from venture
capital activities that is not reported in one of the
preceding items of Schedule HI—Income Statement.
Also include the holding company’s proportionate share
of the income or loss before discontinued operations
from its investments in:
(1) Unconsolidated subsidiaries,
(2) Associated companies, and
(3) Corporate joint ventures, unincorporated joint ventures, general partnerships, and limited partnerships
over which the holding company exercises significant influence that are principally engaged in venture
capital activities.
Line Item 5(f)
Net servicing fees.
Report income from servicing real estate mortgages,
credit cards, and other financial assets held by others.
Report any premiums received in lieu of regular servicing fees on such loans only as earned over the life of the
loans. For servicing assets and liabilities measured under
the amortization method, holding companies should
report servicing income net of the related servicing
assets’ amortization expense, include impairments recognized on servicing assets, and also include increases in
servicing liabilities recognized when subsequent events
have increased the fair value of the liability above its
carrying amount. For servicing assets and liabilities
remeasured at fair value under the fair value option,
include changes in the fair value of these servicing assets
and liabilities. For further information on servicing, see
the Glossary entry for “servicing assets and liabilities.”
Line Item 5(g) Net securitization income.
Note: Item 5(g) is to be completed by holding companies
with $5 billion or more in total consolidated assets.
Holding companies with less than $5 billion in total
HI-12
assets should report Net securitization income in HI 5(L),
Other noninterest income.
Report net gains (losses) on assets sold in the holding
company’s own securitization transactions, i.e., net of
transaction costs. Include unrealized losses (and recoveries of unrealized losses) on loans and leases held for sale
in the holding company’s own securitization transactions. Report fee income from securitizations, securitization conduits, and structured finance vehicles, including
fees for providing administrative support, liquidity support, interest rate risk management, credit enhancement
support, and any additional support functions as an
administrative agent, liquidity agent, hedging agent, or
credit enhancement agent. Include all other fees (other
than servicing fees and commercial paper placement
fees) earned from the holding company’s securitization
and structured finance transactions.
Exclude income from servicing securitized assets (report
in item 5(f), above), fee income from the placement of
commercial paper (report in item 5(d), above), and
income from seller’s interests and residual interests
retained by the holding company (report in the appropriate subitem of item 1, “Interest income”). Also exclude
net gains (losses) on loans sold to—and unrealized losses
(and recoveries of unrealized losses) on loans and leases
held for sale to—a government-sponsored agency or
another institution that in turn securitizes the loans
(report in item 5(i), ‘‘Net gains (losses) on sales of loans
and leases’’).
Line Item 5(h) Not applicable.
Line Item 5(i)
and leases.
Net gains (losses) on sales of loans
Report the amount of net gains (losses) on sales and other
disposals of loans and leases (reportable in Schedule HCC), including unrealized losses (and subsequent recoveries of such net unrealized losses) on loans and leases held
for sale. Exclude net gains (losses) on loans and leases
sold in the holding company’s own securitization transactions and unrealized losses (and recoveries of unrealized losses) on loans and leases held for sale in the
holding company’s own securitization transactions (report
these gains (losses) in Schedule HI, item 5(g), ‘‘Net
securitization income’’).
Schedule HI
FR Y-9C
December 2020
Schedule HI
Line Item 5(j) Net gains (losses) on sales of other
real estate owned.
Report the amount of net gains (losses) on sales and other
disposals of other real estate owned (reportable in Schedule HC, item 7), increases and decreases in the valuation
allowance for foreclosed real estate, and write-downs of
other real estate owned subsequent to acquisition (or
physical possession) charged to expense. Do not include
as a loss on other real estate owned any amount charged
to the allowance for loan and lease losses at the time of
foreclosure (actual or physical possession) for the difference between the carrying value of a loan and the fair
value less cost to sell of the foreclosed real estate.
Line Item 5(k) Net gains (losses) on sales of other
assets.
Report the amount of net gains (losses) on sales and other
disposals of assets not required to be reported elsewhere
in the income statement (Schedule HI). Include net gains
(losses) on sales and other disposals of premises and
fixed assets; personal property acquired for debts previously contracted (such as automobiles, boats, equipment,
and appliances); and coins, art, and other similar assets.
Do not include net gains (losses) on sales and other
disposals of held-to-maturity securities, available-forsale debt securities, loans and leases (either directly or
through securitization), equity securities with readily
determinable fair values not held for trading, other real
estate owned, (report these net gains (losses) in the
appropriate items of Schedule HI).
Do not include:
(1) The year-to-date change in net unrealized gains
(losses) on equity securities with readily determinable fair values not held for trading.
(2) The year-to-date change in net unrealized holding
gains (losses) on equity securities and other equity
investments without readily determinable fair values
not held for trading that are measured at fair value
through earnings.
(3) Impairment, if any, plus or minus changes resulting
from observable price changes on equity securities
and other equity investments without readily determinable fair values not held for trading for which this
measurement election is made. These amounts should
be reported in Schedule HI, item 8(b).
FR Y-9C
Schedule HI
June 2018
Line Item 5(l)
Other noninterest income.
Report all operating income of the holding company for
the calendar year to date not required to be reported
elsewhere in Schedule HI. Disclose in Schedule HI, Memoranda items 6(a) through 6(j), each component of other noninterest income, and the dollar amount
of such component, that is greater than $100,000 and
exceeds 7 percent of the other noninterest income
reported in this item. If net losses have been reported in
this item for a component of ‘‘Other noninterest income,’’
use the absolute value of such net losses to determine
whether the amount of the net losses is greater than
$100,000 and exceeds 7 percent of ‘‘Other noninterest
income’’ and should be reported in Schedule HI, Memoranda item 6. (The absolute value refers to the magnitude
of the dollar amount without regard to whether the
amount represents net gains or net losses.) Preprinted
captions have been provided in Memoranda items 6(a)
through 6(g) for reporting the following components of
other noninterest income if the component exceeds this
disclosure threshold: income and fees from the printing
and sale of checks, earnings on/increase in value of cash
surrender value of life insurance, income and fees from
automated teller machines (ATMS), rent and other income
from other real estate owned, safe deposit box rent, net
change in the fair values of financial instruments
accounted for under a fair value option, bank card and
credit card interchange fees, gains on bargain purchases,
and income and fees from wire transfers. For each
component of other noninterest income that exceeds this
disclosure threshold for which a preprinted caption has
not been provided describe the component with a clear
but concise caption in Schedule HI, Memoranda items
6(h) through 6(j). These descriptions should not exceed
50 characters in length (including spacing between
words).
For disclosure purposes in Schedule HI, Memoranda
items 6(a) through 6(g), when components of ‘‘Other
noninterest income’’ reflect a single credit for separate
‘‘bundled services’’ provided through third party vendors, disclose such amounts in the item with the preprinted caption that most closely describes the predominant type of income earned, and this categorization
should be used consistently over time.
Include as other noninterest income:
(1) Service charges, commissions, and fees for such
services as:
HI-13
Schedule HI
(a) The rental of safe deposit boxes. (Report the
amount of such fees in Schedule HI, Memoranda item 6(e), if this amount is greater than
$100,000 and exceeds 7 percent of the amount
reported in Schedule HI, item 5(l).)
(b) The safekeeping of securities for other depository institutions (if the income for such safekeeping services is not included in Schedule HI, item 5(a), ‘‘Income from fiduciary
activities’’).
(c) The sale of bank drafts, money orders, cashiers’
checks, and travelers’ checks.
(d) The collection of utility bills, checks, notes,
bond coupons, and bills of exchange.
(e) The redemption of U.S. savings bonds.
(f) The handling of food stamps.
(g) The execution of acceptances and the issuance
of commercial letters of credit, standby letters
of credit, deferred payment letters of credit, and
letters of credit issued for cash or its equivalent.
Exclude income on bankers acceptances and
trade acceptances (report such income in the
appropriate subitem of Schedule HI, item 1(a),
‘‘Interest and fee income on loans,’’ or in
Schedule HI, item 1(e), ‘‘Interest income from
trading assets,’’ as appropriate).
(h) The notarizing of forms and documents.
(i) The negotiation or management of loans from
other lenders for customers or correspondents.
(j) The providing of consulting and advisory services to others. Exclude income from investment advisory services, which is to be reported
in Schedule HI, item 5(d).
(k) The use of the holding company subsidiary
bank’s automated teller machines or remote
service units by depositors of other depository
institutions. (Report the amount of such income
and fees in Schedule HI, Memoranda item 6(c),
if this amount is greater than $100,000 and
exceeds 7 percent of the amount reported in
Schedule HI, item 5(l).)
(l) Wire transfer services, except for wire transfers
for which service charges or fees are levied on
HI-14
deposit accounts of the holding company’s
depositors, for which the income is to be
reported in Schedule HI, item 5(b) “Service
charges on deposit accounts.” (Report the
amount of income and fees from wire transfers
in Schedule HI Memoranda item 6(g), if this
amount is greater than $100,000 and exceeds
7 percent of the amount reported in Schedule
HI, item 5(l).)
(2) Income and fees from the sale and printing of
checks. (Report the amount of such income and
fees in Schedule HI-Memoranda item 6(a), if this
amount is greater than $100,000 and exceeds 7 percent of the amount reported in Schedule HI,
item 5(l).)
(3) Gross rentals and other income from all real estate
reportable in Schedule HC, item 7, “Other real
estate owned.” (Report the amount of such income
in Schedule HI-Memoranda item 6(d), if this amount
is greater than $100,000 and exceeds 7 percent of
the amount reported in Schedule HI, item 5(l).)
(4) Earnings on or other increases in the value of the
cash surrender values of life insurance policies
owned by the holding company’s subsidiary bank(s).
(Report the amount of such earnings or other
increases in Schedule HI-Memoranda item 6(b) if
this amount is greater than $100,000 and exceeds
7 percent of the amount reported in Schedule HI,
item 5(l).)
(5) Annual or other periodic fees paid by holders of
credit cards issued by the holding company or its
consolidated subsidiaries. Fees that are periodically
charged to cardholders shall be deferred and recognized on a straight-line basis over the period the fee
entitles the cardholder to use the card.
(6) Charges to merchants for the bank’s handling of
credit card or charge sales when the holding company does not carry the related loan accounts on its
books. Holding companies may report this income
net of the expenses (except salaries) related to the
handling of these credit card sales.
(7) Interchange fees earned from credit card
transactions. (Report the amount of such fees in
Schedule HI, Memoranda item 6(f) if this amount is
greater than $100,000 and exceeds 7 percent of the
amount reported in Schedule HI, item 5(l).)
Schedule HI
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June 2018
Schedule HI
(8) Gross income received for performing data processing services for others. Do not deduct the expense
of performing such services for others (report in the
appropriate items of noninterest expense).
(9) Loan commitment fees that are recognized during
the commitment period (i.e., fees retrospectively
determined and fees for commitments where exercise is remote) or included in income when the
commitment expires and loan syndication fees that
are not required to be deferred. Refer to the Glossary entry for ‘‘loan fees’’ for further information.
(10) Service charges on deposit accounts in foreign
offices.
(11) Net tellers’ overages (shortages), net recoveries
(losses) on forged checks, net recoveries (losses) on
payment of checks over stop payment orders, and
similar recurring operating gains (losses) of this
type. Holding companies should consistently report
these gains (losses) either in this item or in Schedule HI, item 7(d).
(12) Net gains (losses) from the sale or other disposal of
branches (i.e., where the reporting holding company sells a branch’s assets to another depository
institution, which assumes the deposit liabilities of
the branch). Holding companies should consistently report these net gains (losses) either in this
item or in Schedule HI, item 7(d).
(13) Net gains (losses) from all transactions involving
foreign currency or foreign exchange other than
trading transactions. Holding companies should
consistently report these net gains (losses) either in
this item or in Schedule HI, item 7(d).
(14) Rental fees applicable to operating leases for furniture and equipment rented to others.
(15) Interest received on tax refunds.
(16) Life insurance proceeds on policies for which the
holding company or its subsidiaries are the beneficiary.
accrued or paid to the date of withdrawal are a
reduction of interest expense and should be deducted
from the gross interest expense of the appropriate
category of time deposits in Schedule HI, item 2(a),
‘‘Interest on deposits.’’
(19) Interest income from advances to, or obligations of,
and the holding company’s proportionate share of
the income or loss before discontinued operations
from its investments in:
(a) Unconsolidated subsidiaries,
(b) Associated companies, and
(c) Corporate joint ventures, unincorporated joint
ventures, and general partnerships over which
the holding company exercises significant influence, and
(d) Noncontrolling investments in certain limited
partnerships and limited liability companies
(described in the Glossary entry for ‘‘equity
method of accounting’’),
other than those that are principally engaged in
investment banking, advisory, brokerage, or securities underwriting activities; venture capital activities; insurance and reinsurance underwriting activities; or insurance and annuity sales activities (the
income from which should be reported in Schedule HI, items 5(d)(1) through 5(d)(5) and 5(e), as
appropriate. Exclude the holding company’s proportionate share of discontinued operations of these
entities (report in Schedule HI, item 11, ‘‘Discontinued operations, net of income taxes’’).
(20) Net gains (losses) on nonhedging derivative instruments held for purposes other than trading. Holding
companies should consistently report these net
gains (losses) either in this item or in Schedule HI,
item 7(d). For further information, see the Glossary
entry for ‘‘derivative contracts.’’
(21) Gross income generated by securities contributed to
charitable contribution Clifford Trusts.
(17) Credits resulting from litigation or other claims.
(22) Income from ground rents and air rights.
(18) Portions of penalties for early withdrawals of time
deposits that exceed the interest accrued or paid on
the deposit to the date of withdrawal, if material.
Penalties for early withdrawals, or portions of such
penalties, that represent the forfeiture of interest
(23) Revaluation adjustments to the carrying value of all
assets and liabilities reported in Schedule HC at fair
value under a fair value option (excluding servicing
assets and liabilities reported in Schedule HC,
item 10(b), “Intangible assets,” and Schedule HC,
FR Y-9C
Schedule HI
December 2020
HI-15
Schedule HI
item 20, “Other liabilities,” respectively, and assets
and liabilities reported in Schedule HC, item 5,
“Trading assets,” and Schedule HC, item 15, “Trading liabilities,” respectively) resulting from the
periodic marking of such assets and liabilities to
fair value. Exclude the contractual amounts of
interest income earned and interest expense incurred
on financial assets and liabilities reported at fair
value under a fair value option, which should be
reported in the appropriate interest income or interest expense items on Schedule HI. Also exclude the
portion of the total change in the fair value of a fair
value option liability resulting from a change in the
instrument-specific credit risk (“own credit risk”),
which should be reported in Schedule HI-A, item 12,
“Other comprehensive income.”
(24) Gains on bargain purchases recognized and measured in accordance with ASC Topic 805, Business
Combinations.
(25) Income from non-conditional grants,1 or the portion
of conditional grants for which all conditions have
been satisfied, recognized in accordance with ASC
Subtopic 958-605, Not-For-Profit Entities. Under
this Subtopic, not-for-profit and business entities
report grants received as revenue (i.e., income).
Although the scope of ASC Subtopic 958-605
excludes contributions made by governmental entities to business (for-profit) entities, including
depository institutions, entities scoped out of
ASC 958-605 are not precluded from applying it by
analogy when appropriate.
(26) Holding companies less than $5 billion in assets
should report trading revenue, venture capital revenue, and net securitization income in this line
item.
Line Item 5(m) Total noninterest income.
Report the sum of items 5(a) through 5(l).
Line Item 6(a) Realized gains (losses) on
held-to-maturity securities.
Report the net gain or loss realized during the calendar
year-to-date from the sale, exchange, redemption, or
1. For the purposes of these instructions, the term ‘grant’ will refer to
non-reciprocal contributions of cash from governmental or nongovernmental entities that are accounted for in accordance with or by
analogy to ASC Subtopic 958-605. These instructions do not address
nonmonetary contributions of assets, such as a building, in exchange
transactions
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retirement of all securities reportable in Schedule HC,
item 2(a), ‘‘Held-to-maturity securities.’’ The realized
gain or loss is the difference between the sales price
(excluding interest at the coupon rate accrued since the
last interest payment date, if any) and the amortized cost.
Institutions that have not adopted FASB Accounting
Standards Update No. 2016-13 (ASU 2016-13), which
governs the accounting for credit losses, should also
include in this item other-than-temporary impairment
losses on individual held-to-maturity securities that must
be recognized in earnings. Also include in this item
other-than-temporary impairment losses on individual
held-to-maturity securities that must be recognized in
earnings. For further information on the accounting for
impairment of held-to-maturity securities, see the Glossary entry for ‘‘securities activities.’’ If the amount to be
reported in this item is a net loss, report with a minus (-)
sign.
Do not adjust for applicable income taxes (income taxes
applicable to gains (losses) on held-to-maturity securities
are to be included in the applicable income taxes reported
in item 9 below).
Holding companies that have adopted ASU 2016-13,
which governs the accounting for credit losses, should
adjust the amortized cost of a held-to-maturity debt
security for recoveries of any prior charge-offs when
calculating the realized gain or loss on a security, such
that the recovery of a previously charged off amount
should be recorded before recognizing the gain.
Exclude:
(1) Realized gains (losses) on available-for-sale debt
securities (report in Schedule HI, item 6(b) below)
and trading securities (report in Schedule HI, item 5(c)
above).
(2) Net gains (losses) from the sale of detached securities
coupons and the sale of ex-coupon securities (report
in item 5(l), “Other noninterest income,” or item 7(d),
“Other noninterest expense,” as appropriate). (Refer
to the Glossary entry for “coupon stripping” for
further information.)
Line Item 6(b) Realized gains (losses) on
available-for-sale debt securities.
Report the net gain or loss realized during the calendar
year-to-date from the sale, exchange, redemption, or
retirement of all securities reportable in Schedule HC,
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FR Y-9C
September 2021
Schedule HI
item 2(b), “Available-for-sale debt securities.” The realized gain or loss on a debt security is the difference
between the sales price (excluding interest at the coupon
rate accrued since the last interest payment date, if any)
and the amortized cost. Holding companies that have not
adopted ASU 2016-13 also include in this item otherthan-temporary impairment losses on individual availablefor-sale debt securities that must be recognized in earnings. For further information on the accounting for
impairment of available-for-sale debt securities, see the
Glossary entry for “securities activities.” If the amount to
be reported in this item is a net loss, report with a minus
(-) sign.
Holding companies that have adopted ASU 2016-13
should adjust the amortized cost of an available-for-sale
debt security for recoveries of any prior charge-offs when
calculating the realized gain or loss on a security, such
that recovery of a previously charged off amount should
be recorded as a credit to the allowance for credit losses
before recognizing the gain. Include in this item any
write-off recorded when the fair value of an available-forsale debt security is less than its amortized cost basis and
(a) the institution intends to sell the security or (b) it is
more likely than not that the institution will be required
to sell the security before recovery of its amortized cost
basis.
Exclude:
(1) The change in net unrealized holding gains (losses)
on available-for-sale debt securities during the calendar year to date (report in Schedule HI-A, item 12,
“Other comprehensive income”).
(2) Realized and unrealized gains (losses) during the
calendar year to date on equity securities with readily
determinable fair values not held for trading (report
in Schedule HI, item 8(b), “Change in net unrealized
holding gains (losses) on equity securities not held
for trading”).
(3) Realized gains (losses) on held-to-maturity securities
(report in Schedule HI, item 6(a) above) and on
trading securities (report in Schedule HI, item 5(c)
above).
(4) Net gains (losses) from the sale of detached securities
coupons and the sale of ex-coupon securities (report
in item 5(l), ‘‘Other noninterest income,’’ or item 7(d),
‘‘Other noninterest expense,’’ as appropriate). (Refer
FR Y-9C
Schedule HI
December 2020
to the Glossary entry for ‘‘coupon stripping’’ for
further information.)
(5) Holding companies that have adopted ASU 2016-13,
provisions for credit losses (and reversals of provisions) that increase (and decrease) the allowance for
credit losses on available-for-sale debt securities
(report in Schedule HI, item 4, “Provision for loan
and lease losses”).
Line Item 7 Noninterest expense:
Line Item 7(a) Salaries and employee benefits.
Report salaries and benefits of all officers and employees
of the holding company and its consolidated subsidiaries
including guards and contracted guards, temporary office
help, dining room and cafeteria employees, and building
department officers and employees (including maintenance personnel). Include as salaries and employee benefits:
(1) Gross salaries, wages, overtime, bonuses, incentive
compensation, and extra compensation.
(2) Social security taxes and state and federal unemployment taxes paid by the consolidated holding
company.
(3) Contributions to the consolidated holding company’s retirement plan, pension fund, profit-sharing
plan, employee stock ownership plan, employee
stock purchase plan, and employee savings plan.
For defined benefit pension plans and other postretirement plans, report only the service cost component of net benefit cost for such plans in this
item 7(a); the other cost components of net benefit
cost should be reported in Schedule HI, item 7(d),
“Other noninterest expense.”
(4) Premiums (net of dividends received) on health and
accident, hospitalization, dental, disability, and life
insurance policies for which the consolidated holding company is not the beneficiary.
(5) Cost of office temporaries whether hired directly by
the holding company or its consolidated subsidiaries or through an outside agency.
(6) Workmen’s compensation insurance premiums.
(7) The net cost to the holding company or its consolidated subsidiaries for employee dining rooms, restaurants, and cafeterias.
HI-17
Schedule HI
(8) Accrued vacation pay earned by employees during
the calendar year-to-date.
furniture, or fixtures reportable in Schedule HC, item 6,
‘‘Premises and fixed assets.’’
(9) The cost of medical or health services, relocation
programs and reimbursements of moving expenses,
tuition reimbursement programs, and other so-called
fringe benefits for officers and employees.
Include as expenses of premises and fixed assets:
(10) Compensation expense (service component and
interest component) related to deferred compensation agreements.
Exclude from salaries and employee benefits (report in
item 7(d), ‘‘Other noninterest expense’’):
(1) Amounts paid to attorneys, accountants, management consultants, investment counselors, and other
professionals who are not salaried officers or
employees of the holding company or its consolidated subsidiaries.
(2) The cost of holding company or consolidated subsidiary newspapers and magazines prepared for
distribution to holding company or its consolidated
subsidiaries’ officers and employees.
(3) Premiums on life insurance policies for which the
holding company or its consolidated subsidiaries
are the beneficiary.
(4) Dues, fees, and other expenses associated with
memberships in country clubs, social or private
clubs, civic organizations, and similar clubs and
organizations.
Line Item 7(b) Expenses of premises and fixed
assets.
Report all noninterest expenses related to the use of
premises, equipment, furniture, and fixtures, net of rental
income, that are reportable in Schedule HC, item 6,
‘‘Premises and fixed assets.’’ If this net amount is a credit
balance, report with a minus (-) sign.
Deduct rental income from gross premises and fixed asset
expense. Rental income includes all rentals charged for
the use of buildings not incident to their use by the
reporting holding company or its consolidated subsidiaries, including rentals by regular tenants of the holding
company’s or its consolidated subsidiaries’ buildings,
income received from short-term rentals of other facilities of the holding company or its consolidated subsidiaries, and income from sub-leases. Also deduct income
from assets that indirectly represent premises, equipment,
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(1) Normal and recurring depreciation and amortization charges against assets reportable in Schedule HC, item 6, ‘‘Premises and fixed assets,’’ including capital lease assets, accounted for in accordance
with ASC Topic 840, Leases, and right-of-use
(ROU) assets for finance leases accounted for in
accordance with ASC Topic 842, as applicable.
Include depreciation and amortization charges
regardless of whether they represent direct reductions in the carrying value of the assets or additions
to accumulated depreciation or amortization
accounts. Any method of depreciation or amortization conforming to accounting principles that are
generally acceptable for financial reporting purposes may be used. However, depreciation for
premises and fixed assets may be based on the
Accelerated Cost Recovery System (ACRS) used
for federal income tax purposes if the results would
not be materially different from depreciation based
on the asset’s estimated useful life.
(2) For operating leases accounted for in accordance
with:
(a) ASC Topic 840 by a lessee institution that has not
adopted ASC Topic 842, rental expense for leased
premises (including parking lots), equipment
(including data processing equipment), furniture,
and fixtures.
(b) ASC Topic 842 by a lessee institution that has
adopted this topic, a single lease cost for the
expenses related to lease liabilities and the amortization of ROU assets for leased premises, equipment, furniture, and fixtures; variable lease payments not included in lease liabilities; and any
impairments of ROU assets.
(3) Cost of ordinary repairs to premises (including
leasehold improvements), equipment, furniture, and
fixtures.
(4) Cost of service or maintenance contracts for equipment, furniture, and fixtures.
(5) Cost of leasehold improvements, equipment, furniture, and fixtures charged directly to expense and
Schedule HI
FR Y-9C
December 2020
Schedule HI
not placed on the consolidated holding company’s
books as assets.
(6) Insurance expense related to the use of premises,
equipment, furniture, and fixtures including such
coverages as fire, multi-peril, boiler, plate glass,
flood, and public liability.
(7) All property tax and other tax expense related to
premises (including leasehold improvements),
equipment, furniture, and fixtures, including deficiency payments, net of all rebates, refunds, or
credits.
(8) Any portion of capital lease payments representing
executory costs such as insurance, maintenance,
and taxes.
(9) Cost of heat, electricity, water, and other utilities
connected with the use of premises and fixed assets.
(10) Cost of janitorial supplies and outside janitorial
services.
(11) Fuel, maintenance, and other expenses related to
the use of holding company- or consolidated
subsidiary-owned automobiles, airplanes, and other
vehicles for holding company or consolidated subsidiaries’ business.
Exclude from expenses of premises and fixed assets:
(1) Salaries and employee benefits (report such expenses
for all officers and employees of the holding company and its consolidated subsidiaries in item 7(a),
‘‘Salaries and employee benefits’’).
(2) Interest on mortgages, liens, or other encumbrances
on premises or equipment owned, including the
portion of capital lease payments representing interest expense (report in item 2(c), ‘‘Interest on trading
liabilities and other borrowed money’’).
(3) All expenses associated with other real estate owned
(report in item 7(d), ‘‘Other noninterest expense’’).
(4) Gross rentals from other real estate owned and fees
charged for the use of parking lots properly reported
as other real estate owned, as well as safe deposit box
rentals and rental fees applicable to operating leases
for furniture and equipment rented to others (report
in item 5(l), ‘‘Other noninterest income’’).
Line Item 7(c)(1) Goodwill impairment losses.
Report any impairment losses recognized during the
period on goodwill (as defined for Schedule HC,
FR Y-9C
Schedule HI
September 2020
item 10(a)). Exclude goodwill impairment losses associated with discontinued operations (report such losses on a
net-of-tax basis in Schedule HI, item 11, ‘‘Discontinued
operations, net of applicable income taxes’’).
A holding company that meets the definition of a private
company in U.S. generally accepted accounting principles and has elected the accounting alternative for the
amortization of goodwill in ASC Subtopic 350-20, Intangibles – Goodwill and Other – Goodwill (formerly FASB
Statement No. 142, “Goodwill and Other Intangible
Assets”), as amended by Accounting Standards Update
No. 2014-02, “Accounting for Goodwill,” should report
the amortization expense of goodwill in this item.
Exclude goodwill amortization expense associated with
discontinued operations (report such expense on a net-oftax basis in Schedule HI, item 11, “Discontinued operations, net of applicable income taxes”). A private company that elects the accounting alternative for the
subsequent measurement of goodwill should amortize
each amortizable unit of goodwill on a straight-line basis
over ten years (or less than ten years if the private
company demonstrates that another useful life is more
appropriate).
Except when the private company accounting alternative
described above has been elected, goodwill should not be
amortized. However, regardless of whether goodwill is
amortized, it must be tested for impairment as described
in the Glossary entry for “goodwill.”
Impairment losses on goodwill should be tested at the
consolidated holding company level in accordance with
ASC Topic 350, Intangibles-Goodwill and Other (formerly FASB Statement No. 142, Goodwill and Other
Intangible Assets), if there is impairment losses at a
subsidiary level using the subsidiary’s reporting units. If
goodwill impairment loss is recognized at a subsidiary
level, then goodwill of the reporting unit or units (at the
higher consolidated level) in which the subsidiary’s
reporting unit with impaired goodwill resides must be
tested for impairment if the events or conditions that gave
rise to the loss at the subsidiary level would more likely
than not reduce the fair value of the reporting unit (at the
higher consolidated level) below its carrying amount.
Only if goodwill at that higher-level reporting unit is
impaired would a goodwill impairment loss be recognized at the consolidated level.
Goodwill is considered impaired when the amount of
goodwill exceeds its implied fair value at the reporting
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Schedule HI
unit level. If the carrying amount of reporting unit
goodwill exceeds its implied fair value, an impairment
loss must be recognized in earnings in an amount equal to
that excess and reported in this item. The loss recognized
cannot exceed the carrying amount of the reporting unit’s
goodwill. After a goodwill impairment loss is recognized, the adjusted carrying amount of goodwill shall be
its new accounting basis. Subsequent reversal of a previously recognized goodwill impairment loss is prohibited
once the measurement of that loss is completed.
Goodwill of a reporting unit must be tested for impairment annually and between annual tests if an event
occurs or circumstances change that would more likely
than not reduce the fair value of a reporting unit below its
carrying amount. Examples of such events or circumstances include a significant adverse change in the business climate, unanticipated competition, a loss of key
personnel, and an expectation that a reporting unit or a
significant portion of a reporting unit will be sold or
otherwise disposed of. In addition, goodwill must be
tested for impairment after a portion of goodwill has been
allocated to a business to be disposed of.
When a reporting unit is to be disposed of in its entirety,
goodwill of that reporting unit must be included in the
carrying amount of the reporting unit in determining the
gain or loss on disposal. When a portion of a reporting
unit that constitutes a business is to be disposed of,
goodwill associated with that business must be included
in the carrying amount of the business in determining the
gain or loss on disposal. Otherwise, a holding company
may not remove goodwill from its balance sheet, for
example, by “selling” or “dividending” this asset to its
parent holding company or another affiliate.
Line Item 7(c)(2) Amortization expense and
impairment losses for other intangible assets.
Report the amortization expense of any impairment
losses on “intangible assets” (other than goodwill and
servicing assets) reportable in (Schedule HC-M item
12(c)). Under ASC Topic 350, Intangibles-Goodwill and
Other (formerly FASB Statement No. 142, Goodwill and
Other Intangible Assets), intangible assets that have
indefinite useful lives should not be amortized but must
be tested at least annually for impairment. Intangible
assets that have finite useful lives must be amortized over
their useful lives and must be reviewed for impairment in
accordance with ASC Topic 360, Property, Plant, and
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Equipment (formerly FASB Statement No. 144, Accounting for the Impairment of Long-Lived Assets).
Exclude the amortization expense of and any impairment
losses on servicing assets, which should be netted against
the servicing income reported in Schedule HI, item
5(f), ‘‘Net servicing fees,’’ above.
Line Item 7(d) Other noninterest expense.
Report all operating expenses of the holding company for
the calendar year-to-date not required to be reported
elsewhere in Schedule HI. Disclose in Schedule HI,
Memoranda items 7(a) through 7(p), each component of
other noninterest expense, and the dollar amount of such
component, that is greater than $100,000 and exceeds
7 percent of the other noninterest expense reported in this
item. If net gains have been reported in this item for a
component of “Other noninterest expense,” use the absolute value of such net gains to determine whether the
amount of the net gains is greater than $100,000 and
exceeds 7 percent of “Other noninterest expense” and
should be reported in Schedule HI, Memoranda item 7.
(The absolute value refers to the magnitude of the dollar
amount without regard to whether the amount represents
net gains or net losses.) Preprinted captions have been
provided in Memoranda items 7(a) through 7(m) for
reporting the following components of other noninterest
expense if the component exceeds this disclosure threshold: data processing expenses; advertising and marketing
expenses; directors’ fees; printing, stationery, and supplies; postage; legal fees and expenses; FDIC deposit
insurance assessments; accounting and auditing expenses;
consulting and advisory expenses; automated teller
machine (ATM) and interchange expenses; and telecommunications expenses; other real estate owned expense;
and insurance expenses (not included in employee
expense, premises and fixed asset expenses and other real
estate owned expenses). For each component of other
noninterest expense that exceeds this disclosure threshold
for which a preprinted caption has not been provided
describe the component with a clear but concise caption
in Schedule HI, Memoranda items 7(n) through 7(p).
These descriptions should not exceed 50 characters in
length (including spacing between words).
For disclosure purposes in Schedule HI, memoranda
items 7(a) through 7(m), when components of “Other
noninterest expense” reflect a single charge for separate
“bundled services” provided by third party vendors,
disclose such amounts in the item with the preprinted
Schedule HI
FR Y-9C
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Schedule HI
caption that most closely describes the predominant type
of expense incurred, and this categorization should be
used consistently over time.
Include as other noninterest expense:
(1) Fees paid to directors and advisory directors for
attendance at board of directors or committee meetings (including travel and expense allowances).
(Report the amount of such fees in Schedule HI,
Memoranda item 7(c), if this amount is greater than
$100,000 and exceeds 7 percent of the amount
reported in Schedule HI, item 7(d).)
(2) Premiums on fidelity insurance (blanket bond,
excess employee dishonesty bond), directors’ and
officers’ liability insurance, life insurance policies
for which the holding company or its consolidated
subsidiaries are the beneficiary and other insurance
policies for which the premiums are not included in
salaries and employee benefits, expenses of premises and fixed assets, and expenses of other real
estate owned. (Report the amount of such insurance
expenses in Schedule HI, Memoranda item 7(m), if
this amount is greater than $100,000 and exceeds 7
percent of the amount reported in Schedule HI,
item 7(d).)
(3) Federal deposit insurance and Comptroller of the
Currency assessment expense net of all assessment
credits during the period. (Report the amount of
such assessments in Schedule HI, Memoranda item
7(g), if this amount is greater than $100,000 and
exceeds 7 percent of the amount reported in Schedule HI, item 7(d).)
(4) Legal fees and other direct costs incurred in connection with foreclosures and subsequent noninterest
expenses related to holdings of real estate owned
other than holding company (or its consolidated
subsidiaries) premises (including depreciation
charges or other write-downs if prescribed by law
or by regulatory agencies or if otherwise
appropriate). (Report the amount of such expenses
in Schedule HI, Memoranda item 7(l), if this
amount is greater than $100,000 and exceeds 7
percent of the amount reported in Schedule HI,
item 7(d).)
(5) Sales taxes, taxes based on the number of shares
of holding company stock outstanding, taxes based
on the consolidated holding company’s total assets
FR Y-9C
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June 2018
or total deposits, taxes based on the bank’s gross
revenues or gross receipts, capital stock taxes, and
other taxes not included in other categories of
expense. Exclude any foreign, state, and local taxes
based on a net amount of revenues less expenses
(report as applicable income taxes in item 9).
(6) Cost of data processing services performed for the
consolidated holding company by others. (Report
the amount of such expenses in Schedule HI,
Memoranda item 7(a), if this amount is greater than
$100,000 and exceeds 7 percent of the amount
reported in Schedule HI, item 7(d).)
(7) Advertising, promotional, public relations, and
business development expenses. Also include the
cost of athletic activities in which officers and
employees participate when the purpose may be
construed to be for public relations with employee
benefits only incidental to the activities. (Report the
amount of such expenses in Schedule HI, Memoranda item 7(b), if this amount is greater than
$100,000 and exceeds 7 percent of the amount
reported in Schedule HI, item 7(d).)
(8) Costs of gifts or premiums (whether in the form
of merchandise, credit, or cash) given to depositors
at the time of the opening of a new account or an
addition to, or renewal of, an existing account.
(9) Fees levied by deposit brokers that are, in substance, retainer fees or that otherwise do not represent an adjustment to the interest rate paid on
deposits the reporting bank acquires through brokers. However, report as interest expense on the
appropriate category of deposits those finders’ fees
and brokers’ fees that do represent an adjustment to
the interest rate paid on brokered deposits.
(10) Research and development costs and costs incurred
in the internal development of computer software.
(11) Net losses (gains) from all transactions involving
foreign currency or foreign exchange other than
trading transactions. Holding companies should
consistently report these net losses (gains) either in
this item or in Schedule HI, item 5(l) above.
(12) Charges resulting from litigation or other claims.
(13) Charitable contributions including donations by
Clifford Trusts.
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Schedule HI
(14) Retainer fees, legal fees, and other fees and expenses
paid to attorneys who are not officers or employees
of the holding company or its consolidated subsidiaries. (Report the amount of such expenses in
Schedule HI, Memoranda item 7(f), if this amount
is greater than $100,000 and exceeds 7 percent of
the amount reported in Schedule HI, item 7(d).)
(15) Office supplies purchased, printing, and postage.
(Report the amount of such expenses in either
Schedule HI, Memoranda item 7(d) and or 7(e), if
the amounts for each category is greater than
$100,000 and exceeds 7 percent of the amount
reported in Schedule HI, item 7(d).)
(16) Telecommunications expenses, including any
expenses associated with telephone, telegraph,
cable, and internet services (including web page
maintenance). (Report the amount of such expenses
in Schedule HI, Memoranda item 7(k), if this
amount is greater than $100,000 and exceeds 7
percent of the amount reported in Schedule HI,
item 7(d).)
(17) Examination and other fees levied by the Federal
Reserve.
(18) Net tellers’ shortages, forged check losses, losses
on payment of checks over stop payment orders,
losses from counterfeit money, and similar recurring operating losses of this type.
(19) Losses from robberies, defalcations, and other
criminal acts not covered by the consolidated holding company’s blanket bond.
(20) Travel and entertainment expenses, including costs
incurred by officers and employees of the holding
company or its consolidated subsidiaries for attending meetings and conventions.
(21) Dues, fees, and other expenses associated with
memberships in country clubs, social or private
clubs, civic organizations, and similar clubs and
organizations.
(24) Expenses (except salaries) related to handling credit
card or charge sales received from merchants when
the holding company or its consolidated subsidiaries do not carry the related loan accounts on its
books. Holding companies are also permitted to net
these expenses against their charges to merchants
for the holding company’s handling of these sales
reported in item 5(l) above.
(25) The cost of newspapers and magazines of the
holding company or its consolidated subsidiaries
prepared for distribution to bank officers and
employees or to others.
(26) Depreciation expense of furniture and equipment
rented to others under operating leases.
(27) Cost of checks provided to depositors.
(28) Amortization expense of purchased computer software and of the costs of computer software to be
sold, leased, or otherwise marketed capitalized in
accordance with the provision of ASC
Subtopic 985-20, Software – Costs of Software to
Be Sold, Leased or Marketed (formerly FASB
Statement No. 86, Accounting for the Cost of
Computer Software to Be Sold, Leased, or Otherwise Marketed).
(29) Net losses (gains) on nonhedging derivative instruments held for purposes other than trading. Holding
companies should consistently report these net
losses (gains) either in this item or in Schedule HI, item 5(l). For further information, see the
Glossary entry for ‘‘derivative contracts.’’
(30) Net tellers’ shortages (overages), net losses (recoveries) on forged checks, net losses (recoveries) on
payment of checks over stop payment orders, and
similar recurring operating losses (gains) of this
type. Holding companies should consistently report
these losses (gains) either in this item or in Schedule HI, item 5(l).
(22) Civil money penalties and fines.
(31) Benefit, losses and expenses from insurance-related
activities. (Also report separately in Schedule HI,
memorandum item 12(c)).
(23) All service charges, commissions, and fees levied
by others for the repossession of assets and the
collection of the consolidated holding company’s
loans or other assets, including charged-off loans or
other charged-off assets.
(32) For holding companies that have not adopted FASB
Accounting Standards Update No. 2016-13
(ASU 2016-13), which governs the accounting for
credit losses, provisions for credit losses on offbalance sheet credit exposures.
HI-22
Schedule HI
FR Y-9C
June 2018
Schedule HI
(33) Net losses (gains) from the extinguishment of
liabilities (debt), including losses resulting from the
payment of prepayment penalties on borrowings
such as Federal Home Loan Bank advances. However, if a holding company’s debt extinguishments
normally result in net gains over time, then the
bank should consistently report its net gains (losses)
in Schedule HI, item 5(l), ‘‘Other noninterest
income.’’
(34) Fees for accounting, auditing, and attestation services, retainer fees, and other fees and expenses
paid to accountants and auditors who are not holding company officers or employees. (Report the
amount of such expenses in Schedule HI, Memoranda item 7(h), if this amount is greater than
$100,000 and exceeds 7 percent of the amount
reported in Schedule HI, item 7(d).)
(35) Fees for consulting and advisory services, retainer
fees, and other fees and expenses paid to management consultants, investment advisors, and other
professionals (other than attorneys providing legal
services and accountants providing accounting,
auditing, and attestation services) who are not
holding company officers or employees. (Report
the amount of such expenses in Schedule HIMemoranda item 7(i), if this amount is greater than
$100,000 and exceeds 7 percent of the amount
reported in Schedule HI, item 7(d).)
(36) Automated teller machine (ATM) and interchange
expenses from bank card and credit card transactions. (Report the amount of such expenses in
Schedule HI, Memoranda item 7(j), if this amount
is greater than $100,000 and exceeds 7 percent of
the amount reported in Schedule HI, item 7(d).)
Exclude from other noninterest expense:
(1) Material expenses incurred in the issuance of subordinated notes and debentures (capitalize such
expenses and amortize them over the life of the
related notes and debentures, using the effective
interest method, and report the expense in item 2(d)
“Interest on subordinated notes and debentures.” For
further information, see the Glossary entry for “Debt
issuance costs.”
(2) Expenses incurred in the sale of preferred and common stock. (Deduct such expenses from the sale
proceeds and credit the net amount to the appropriate
FR Y-9C
Schedule HI
March 2021
stock account. For perpetual preferred and common
stock only, report the net sales proceeds in Schedule HI-A, item 5(a), ‘‘Sale of perpetual preferred
stock, gross’’ and item 6(a), ‘‘Sale of common stock,
gross’’ as appropriate.)
(3) Depreciation and other expenses related to the use of
automobiles owned by the holding company or its
consolidated subsidiaries, airplanes, and other vehicles for holding company (or its consolidated subsidiaries) business (report in item 7(b), “Expenses on
premises and fixed assets, net of rental income”).
(4) For holding companies that have not adopted
ASU 2016-13, which governs the accounting for
credit losses, write-downs of the cost basis of individual held- to-maturity and available-for-sale securities for other than temporary impairments (report in
Schedule HI, item 6(a), ‘‘Realized gains (losses) on
held-to-maturity securities,’’ and item 6(b), ‘‘Realized gains (losses) on available-for-sale securities,’’
respectively).
(5) For holding companies that have adopted
ASU 2016-13: (a) Charge-offs of the cost basis of
individual held-to-maturity and available-for-sale
debt securities resulting from credit losses (report as
deductions from the applicable allowance for credit
losses in columns B and C, respectively, of Schedule HI-B, Part II, item 3, “Charge-offs”); (b) Any
write-off recorded when the fair value of an availablefor-sale debt security is less than its amortized cost
basis and (i) the institution intends to sell the security
or (ii) it is more likely than not that the institution
will be required to sell the security before recovery of
its amortized cost basis (report in Schedule HI,
item 6.b, “Realized gains (losses) on available-forsale securities”); and (c) Provisions for credit losses
on off-balance-sheet credit exposures from this
item 7.d; report these provisions in Schedule HI-B,
Part II, Memorandum item 7, and include them in
Schedule HI, item 4, “Provision for loan and lease
losses.”
(6) Revaluation adjustments to the carrying value of all
assets and liabilities reported in Schedule HC at fair
value under a fair value option. Holding companies
should report these net decreases (increases) in fair
value on trading assets and liabilities in Schedule HI,
item 5(c); on servicing assets and liabilities in Schedule HI, item 5(f); and on other financial assets and
HI-23
Schedule HI
liabilities in Schedule HI, item 5(l). Contractual
amounts of interest income earned and interest
expense incurred on these financial assets and liabilities should be excluded from the net decreases
(increase) in fair value and reported in the appropriate interest income or interest expense items on
Schedule HI.
HI-24
Line Item 7(e) Total noninterest expense.
Report the sum of items 7(a) through 7(d).
Schedule HI
FR Y-9C
December 2020
Schedule HI
Line Item 8(a) Income (loss) before change in net
unrealized holding gains (losses) on equity securities
not held for trading, applicable income taxes, and
discontinued operations.
Report the holding company’s pretax income from continuing operations before any change in net unrealized
holding gains (losses) on equity securities and any equity
investments not held for trading. This amount will generally be determined by taking item 3, “Net interest
income,” minus item 4, “Provision for loan and lease
losses,” plus item 5(m), “Total noninterest income,” plus
or minus item 6(a), “Realized gains (losses) on held-tomaturity securities,” plus or minus item 6(b), “Realized
gains (losses) on available-for-sale debt securities,” minus
item 7(e), “Total noninterest expense.” If the result is
negative, report with a minus (-) sign.
NOTE: All holding companies must complete HI,
item 8(b) (i.e. not leave item 8(b) blank), because all
holding companies are now required to have adopted
FASB Accounting Standards Update No. 2016-01 (ASU
2016-01), for FR Y-9C purposes. ASU 2016-01 includes
provisions governing the accounting for investments in
equity securities and eliminates the concept of availablefor-sale equity securities. ASU 2016-01 requires holdings of equity securities (except those accounted for
under the equity method or that result in consolidation),
including other ownership interests (such as interests in
partnerships, unincorporated joint ventures, and limited
liability companies), to be measured at fair value with
changes in the fair value recognized through net income.
However, an institution may choose to measure equity
securities and other equity investments that do not have
readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from
observable price changes in orderly transactions for the
identical or a similar investment of the same issuer. See
the Glossary entry for “Securities Activities” for further
information on accounting for investments in equity
securities.
Line Item 8(b) Change in net unrealized holding
gains (losses) on equity securities not held for
trading.
Report the year-to-date change in net unrealized holding
gains (losses) on equity securities with readily determinable fair values not held for trading. Include the year-todate change in net unrealized holding gains (losses) on
equity securities and other equity investments without
FR Y-9C
Schedule HI
December 2020
readily determinable fair values not held for trading that
are measured at fair value through earnings. Also include
impairment, if any, plus or minus changes resulting from
observable price changes during the year-to-date reporting period on equity securities and other equity investments without readily determinable fair values not held
for trading for which this measurement election is made.
Include realized gains (losses) on equity securities and
other equity investments during the year-to-date reporting period. A realized gain (loss) arises if a holding
company sells an equity security or other equity investment, but had not yet recorded in earnings the change in
value to the point of sale since the last value change was
recorded.
Line Item 8(c) Income (loss) before applicable
income taxes and discontinued operations.
Report the holding company’s pretax income from continuing operations as the sum of Schedule HI, item 8(a),
“Income (loss) before change in net unrealized holding
gains (losses) on equity securities not held for trading,
applicable income taxes, and discontinued operations,”
and Schedule HI, item 8(b), “Unrealized holding gains
(losses) on equity securities not held for trading.” If the
amount is negative, report it with a minus (-) sign.
Line Item 9 Applicable income taxes (on item 8(c)).
Report the total estimated federal, state and local, and
foreign income tax expense applicable to item 8(c),
“Income (loss) before applicable income taxes and discontinued operations.” Include both the current and
deferred portions of these income taxes. If the amount is
a tax benefit rather than tax expense, report with a minus
(-) sign.
Include as applicable income taxes all taxes based on a
net amount of taxable revenues less deductible expenses.
Exclude from applicable income taxes all taxes based on
gross revenues or gross receipts (report such taxes in
item 7(d), ‘‘Other noninterest expense’’).
Include income tax effects of changes in tax laws or rates.
Also include the effect of changes in the valuation
allowance related to deferred tax assets resulting from a
change in estimate of the realizability of deferred tax
assets, excluding the effect of any valuation allowance
changes related to unrealized holding gains (losses) on
available-for-sale securities that are charged or credited
directly to the separate component of equity capital for
HI-25
Schedule HI
“Accumulated other comprehensive income” (Schedule
HC, item 26(b)).
Line Item 13 LESS: Net income (loss)
attributable to noncontrolling (minority) interests.
Include the tax benefit of an operating loss carryforward
or carryback for which the source of the income or loss in
the current year is reported in Schedule HI, item 8(a),
“Income (loss) before applicable income taxes and discontinued operations.”
Report that portion of consolidated net income reported
in Schedule HI, item 12, above, attributable to noncontrolling interests of subsidiaries of the holding company.
A noncontrolling interest, also called a minority interest,
is the portion of equity in a holding company’s subsidiary
not attributable, directly or indirectly, to the parent
holding company. If the amount reported in this item is a
net loss, report with a minus (-) sign.
Also include the dollar amount of any material adjustments or settlements reached with a taxing authority
(whether negotiated or adjudicated) relating to disputed
income taxes of prior years.
Exclude the estimated federal, state and local, and foreign income taxes applicable to:
(1) Item 11, “Discontinued operations, net of applicable
taxes.’’
(2) Schedule HI-A, item 2, ‘‘Cumulative effect of changes
in accounting principles and corrections of material
accounting errors.’’
(3) Schedule HI-A, item 12, ‘‘Other comprehensive
income.’’
Line Item 10 Income (loss) before discontinued
operations.
Report the difference between item 8(a), ‘‘Income (loss)
before applicable income taxes and discontinued operations’’ and item 9, ‘‘Applicable income taxes (on
item 8(c)).’’ If the amount is negative, report with a
minus (-) sign.
Line Item 11 Discontinued operations, net of
applicable income taxes.
Report the results of discontinued operations, if any, net
of applicable income taxes, as determined in accordance
with the provisions of ASC Subtopic 205-20, Presentation of Financial Statements—Discontinued Operations
(formerly FASB Statement No. 144, “Accounting for the
Impairment of Long-Lived Assets”). If the amount
reported in this item is a net loss, report with a minus (-)
sign.
Line Item 12 Net income (loss) attributable to
holding company and noncontrolling (minority)
interests.
Report the sum of Schedule HI, items 10 and 11. If this
amount is a net loss, report with a minus (-) sign.
HI-26
Line Item 14 Net income (loss) attributable to
company.
Report Schedule HI, item 12 less item 13. If this amount
is a net loss, report with a minus (-) sign.
Memoranda
Line Item M1 Net interest income (item 3 above)
on a fully taxable equivalent basis.
Memo items 1 and 2 are to be completed by holding
companies with $5 billion or more in total assets.
Report net interest income (Schedule HI, item 3 above)
on a fully taxable equivalent basis. The amount reported
in this item should reflect what net interest income of the
reporting holding company would be if all its interest
income was subject to federal and state income taxes.
The following accounts on which the interest income is
fully or partially tax-exempt, should be adjusted to a
‘‘taxable equivalent’’ basis in order that the holding
company can compute its net interest income on a fully
taxable equivalent basis:
(1) interest income on tax-exempt obligations (other than
securities) of states and political subdivisions in the
U.S. (included in Schedule HI, item 1(a));
(2) income on tax-exempt securities issued by states and
political subdivisions in the U.S. (included in Schedule HI, item 1(d)(3));
(3) income on lease financing receivables that is taxexempt (included in Schedule HI, item 1(b)); and
(4) any other interest income (such as interest income
earned on loans to an Employee Stock Ownership
Plan), which under state or federal laws is partially or
in its entirety exempt from income taxes.
Schedule HI
FR Y-9C
December 2020
Schedule HI
The changes to the 1986 Tax Reform Act must be taken
into consideration when computing net interest income
on a fully taxable equivalent basis. The 1986 Act, in
general, disallowed 100% of the interest expense allocable to tax-exempt obligations acquired after August 7,
1986. Previous to that date, and after December 31, 1982,
the disallowance percentage was 20%; previous to December 31, 1982, the disallowance was 0%.
Line Item M2 Net income before applicable
income taxes, and discontinued operations (item 8
above) on a fully taxable equivalent basis.
Report net income before applicable income taxes, and
discontinued operations (item 8 above) on a fully taxable
equivalent basis. The amount reported in this item should
reflect what net income of the reporting holding company
would be if all its income was subject to federal and state
income taxes. For purposes of this item, include net
interest income on a fully taxable equivalent basis as
reported in memoranda item 1 above plus all other
income and expense adjusted to reflect the holding
company’s net income on a fully taxable equivalent
basis.
Line Item M3 Income on tax-exempt loans and
leases to states and political subdivisions in the U.S.
(included in items 1(a) and 1(b) above).
Report the holding company’s best estimate of the
income from all tax-exempt loans and leases extended
to states and political subdivisions in the U.S. that is
included in items 1(a) and 1(b) above.
Tax-exempt loans and leases are those loans and leases to
states and political subdivisions in the U.S. whose income
is excludable from gross income for federal income tax
purposes, regardless of whether the income from the loan
or lease must be included in the holding company’s
alternative minimum taxable income and regardless of
the federal income tax treatment of the expense incurred
to carry the loan or lease.
Line Item M4 Income on tax-exempt securities
issued by states and political subdivisions in the U.S.
(included in item 1(d)(3) above).
Report the holding company’s best estimate of the
income from all tax-exempt securities issued by states
and political subdivisions in the U.S. that is included in
item 1(d)(3) above.
FR Y-9C
Schedule HI
June 2018
Line Item M5 Number of full-time equivalent
employees at end of current period.
Report the number of full-time equivalent employees on
the payroll of the holding company and its consolidated
subsidiaries as of the report date.
To convert the number of part-time employees to fulltime equivalent employees, add the total number of hours
all part-time and temporary employees worked during the
quarter ending on the report date and divide this amount
by the number of hours a full-time employee would have
been expected to work during the quarter. Round the
result to the nearest whole number and add it to the
number of full-time employees. (A full-time employee
may be expected to work more or less than 40 hours each
week, depending on the policies of the reporting holding
company.)
Line Item M6 Other noninterest income (only
report amounts greater than $100,000 that exceed
7% of Schedule HI, item 5(l)).
Note: Memo Items 6(a) through 6(j) are to be completed
annually on a calendar year-to-date basis in the December report only by holding companies with less than $5
billion in total assets. Holding companies with greater
than $5 billion in total assets should report these items
on a quarterly basis.
Disclose in memoranda items 6(a) through 6(j) each
component of Schedule HI, item 5(l), “Other noninterest
income,” and the dollar amount of such component, that
is greater than $100,000 and exceeds 7 percent of the
“Other noninterest income.”
Preprinted captions have been provided for the following
categories of “Other noninterest income”:
• M6(a), “Income and fees from the printing and sale of
checks,”
• M6(b), “Earnings on/increase in value of cash surrender value of life insurance,”
• M6(c), “Income and fees from automated teller
machines (ATMs),”
• M6(d), “Rent and other income from other real estate
owned,”
• M6(e), “Safe deposit box rent,”
• M6(f), “Bank card and credit card interchange fees.”
HI-27
Schedule HI
• M6(g), “Income and fees from wire transfers not
reportable as service charges on deposit accounts.”
Although descriptions of these components of “Other
noninterest income” are included in the instructions for
Schedule HI-5(l), holding companies need not adjust
their internal noninterest income definitions to match the
descriptions in item 5(l). Rather, holding companies may
report the components of their “Other noninterest income”
using their internal definitions that reasonably correspond to the preprinted captions provided for this item,
provided the internal definitions are used consistently
over time.
For other components of “Other noninterest income” that
exceed the disclosure threshold, list and briefly describe
these components in memoranda items 6(h) through 6(j).
December report only by holding companies with less
than $5 billion in total assets. Holding companies with
$5 billion or more in total assets should report these
items on a quarterly basis.
For components of ‘‘Other noninterest income’’ that
reflect a single credit for separate ‘‘bundled services’’
provided through third party vendors, disclose such
amounts in the item that most closely describes the
predominant type of income earned, and this categorization should be used consistently over time.
If net losses have been reported in Schedule HI, item 5(l),
for a component of ‘‘Other noninterest income,’’ use the
absolute value of such net losses to determine whether
the amount of the net losses is greater than $100,000 and
exceeds 7 percent of “Other noninterest income” and
should be reported in this item. (The absolute value refers
to the magnitude of the dollar amount without regard to
whether the amount represents net gains or net losses.) If
net losses are reported in this item, report with a minus (-)
sign. A sample of the types of items that may require
disclosure has been included in the instructions to
item 5(l) above. The description of each item reported in
memoranda items 6(h) through 6(j) should be reported in
the area marked as ‘‘text’’ on the report form in a clear
and concise manner and limited to 132 characters per
item (including punctuation and spaces). Do not use
words such as ‘‘miscellaneous’’ or ‘‘other’’ to describe
these items. The dollar amount should be reported in the
adjacent column on the right. If there are no reportable
amounts for memoranda items 6(h) through 6(j), then
these items should be left blank.
• M7(c), “Directors’ fees,”
Line Item M7 Other noninterest expense (only
report amounts greater than $100,000 that exceed
7% of the sum of Schedule HI, item 7(d)).
Note: Memo Items 7(a) through 7(p) are to be completed annually on a calendar year-to-date basis in the
HI-28
Disclose in memoranda items 7(a) through 7(p) each
component of Schedule HI, item 7(d), “Other noninterest
expense,” and the dollar amount of such component, that
is greater than $100,000 and exceeds 7 percent of the
‘‘Other noninterest expense.’’
Preprinted captions have been provided for the following
categories of “Other noninterest expense”:
• M7(a), “Data processing expenses,”
• M7(b), “Advertising and marketing expenses,”
• M7(d), “Printing, stationery, and supplies,”
• M7(e), “Postage,”
• M7(f), “Legal fees and expenses,”
• M7(g), “FDIC deposit insurance assessments,”
• M7(h), “Accounting and auditing expenses,”
• M7(i), “Consulting and advisory expenses,”
• M7(j), “Automated teller machine (ATM) and interchange expenses,” and
• M7(k), “Telecommunications expenses.”
• M7(l), “Other real estate owned expenses.”
• M7(m) “Insurance Expenses (not included in employee
expenses, premises and fixed assets expenses), and
other real estate owned expenses.”
Although descriptions of these components of “Other
noninterest expense” are included in the instructions for
Schedule HI-7(d), holding companies need not adjust
their internal noninterest expense definitions to match the
descriptions in item 7(d). Rather, holding companies may
report the components of their “Other noninterest
expense” using their internal definitions that reasonably
correspond to the preprinted captions provided for this
item, provided the internal definitions are used consistently over time.
For other components of “Other noninterest expense”
that exceed the disclosure threshold, list and briefly
Schedule HI
FR Y-9C
June 2018
Schedule HI
describe these components in memoranda items 7(n)
through 7(p).
For components of “Other noninterest expense” that
reflect a single charge for separate “bundled services”
provided by third-party vendors, disclose such amounts
in the item that most closely describes the predominant
type of expense incurred, and this categorization should
be used consistently over time.
Do not itemize “Benefits, losses, and expenses from
insurance-related activities.” These amounts are reported
separately in Schedule HI, memorandum item 12(c).
If net gains have been reported in this item for a
component of ‘‘Other noninterest expense,’’ use the
absolute value of such net gains to determine whether the
amount of the net gains is greater than $100,000 and
exceeds 7 percent of “Other noninterest expense” and
should be reported in this item. (The absolute value refers
to the magnitude of the dollar amount without regard to
whether the amount represents net gains or net losses.) If
net gains are reported in this item, report with a minus (-)
sign. A sample of the types of items that may require
disclosure has been included in the instructions to
item 7(d) above. The description of each item reported in
memoranda items 7(n) through 7(p) should be reported in
the area marked as ‘‘text’’ on the report form in a clear
and concise manner and limited to 132 characters per
item (including punctuation and spaces). Do not use
words such as ‘‘miscellaneous’’ or ‘‘other’’ to describe
these items. The dollar amount should be reported in the
adjacent column on the right. If there are no reportable
amounts for memoranda items 7(n) through 7(p), then
these items should be left blank.
Line Item M8 Discontinued operations and
applicable income tax effect.
Memo items 8.a.(1) through Memo item 8.b.(2) are
reported by HCs with $5 billion or more in total
consolidated assets. Holding companies with less than
$5 billion should leave this item blank.
List and briefly describe in items M8(a) through M8(b(2))
below each of the discontinued operations included in
item 11, “Discontinued operations net of applicable
income taxes.” However, each item should be reported
separately, gross of income taxes and the income tax
effect separately reported, as indicated.
FR Y-9C
Schedule HI
December 2019
If discontinued operations is a loss or otherwise reduces
the holding company’s income, report with a minus (-)
sign. If an applicable income tax effect is a tax benefit
(rather than a tax expense), report with a minus (-) sign.
Line Item M9 Trading revenue (from cash
instruments and derivative instruments).
Memorandum items 9(a) through 9(e) are to be completed by holding companies with $5 billion or more in
total assets and that reported total trading assets (in
Schedule HC item 5) of $10 million or more for any
quarter of the preceding calendar year.
Report, in Memorandum items 9(a) through 9(e) below, a
breakdown of trading revenue that has been included in
the body of the income statement in Schedule HI, item
5(c). For each of the four types of underlying risk
exposure, report the combined revenue (net gains and
losses) from trading cash instruments and derivative
instruments. For purposes of Memorandum item 9, the
reporting holding company should determine the underlying risk exposure category in which to report the
trading revenue from cash instruments and derivative
instruments in the same manner that the holding company makes this determination for other financial reporting purposes. The sum of Memorandum items 9(a)
through 9(e) must equal Schedule HI, item 5(c).
Line Item M9(a)
Interest rate exposures.
Report in this item net gains (losses) from trading cash
instruments and derivative contracts that the reporting
holding company manages as interest rate exposures.
Interest rate exposures may arise from cash debt instruments (e.g., U.S. Treasury securities) and interest rate
contracts. Interest rate contracts are those contracts
related to an interest-bearing financial instrument or
whose cash flows are determined by referencing interest
rates or another interest rate contract (e.g., an option on a
futures contract to purchase a Treasury bill). Interest rate
contracts include single currency interest rate swaps,
basis swaps, forward rate agreements, and interest rate
options, including caps, floors, collars, and corridors.
Exclude trading revenue on contracts involving the
exchange of foreign currencies (e.g., cross-currency
swaps and currency options) that the reporting holding
company manages as foreign exchange exposures. Report
such trading revenue in Memorandum item 9(b).
HI-29
Schedule HI
Line Item M9(b)
Foreign exchange exposures.
Report in this item net gains (losses) from trading cash
instruments and derivative contracts that the reporting
holding company manages as foreign exchange exposures. Foreign exchange exposures may arise from cash
instruments (e.g., debt securities) denominated in nonU.S. currencies and foreign exchange rate contracts.
Foreign exchange rate contracts are those contracts to
purchase foreign (non-U.S.) currencies and U.S. dollar
exchange in the forward market (i.e., on an organized
exchange or in an over-the-counter market). A purchase
of U.S. dollar exchange is equivalent to a sale of foreign
currency. Foreign exchange rate contracts include crosscurrency interest rate swaps where there is an exchange
of principal, forward and spot foreign exchange contracts, and currency futures and currency options.
Line Item M9(c)
exposures.
Equity security and index
Report in this item net gains (losses) from trading cash
instruments and derivative contracts that the reporting
holding company manages as equity security and index
exposures. Equity security or index exposures may arise
from equity securities and equity security or index (i.e.,
equity derivative) contracts. Equity derivative contracts
are contracts that have a return, or a portion of their
return, linked to the price of a particular equity or to an
index of equity prices, such as the Standard and Poor’s
500.
Line Item M9(d)
Commodity and other exposures.
Report in this item net gains (losses) from trading cash
instruments and derivative contracts that the reporting
holding company manages as commodity or other exposures. Commodity or other exposures may arise from
commodities and commodity and other derivative contracts not reported as interest rate, foreign exchange,
equity, or credit derivative contracts. Commodity and
other contracts are contracts that have a return, or a
portion of their return, linked to the price or to an index
of precious metals, petroleum, lumber, agricultural products, etc. Commodity and other contracts also include
any other contracts that are not reportable as interest rate,
foreign exchange, equity, or credit derivative contracts.
Line Item M9(e)
Credit exposures.
Report in this item net gains (losses) from trading cash
instruments and derivative contracts that the reporting
HI-30
holding company manages as credit exposures. Credit
exposures may arise from cash debt instruments (e.g.,
debt securities) and credit derivative contracts. In general, credit derivative contracts are arrangements that
allow one party (the ‘‘beneficiary’’) to transfer the credit
risk of a ‘‘reference asset’’ or ″reference entity″ to
another party (the ‘‘guarantor’’). Credit derivative contracts include credit default swaps, total return swaps,
credit options, and other credit derivatives.
Memorandum items 9(f) and 9(g) are to be completed by
holding companies with $100 billion or more in total
assets that are required to complete Memorandum items
9(a) through 9(e).
Line Item M9(f) Impact on trading revenue of
changes in the creditworthiness of the holding
company’s derivatives counterparties on the holding
company’s derivative assets (included in
Memorandum items 9(a) through 9(e) above).
Report in this item the amount included in the trading
revenue reported in Schedule HI, Memorandum items
9(a) through 9(e), above that resulted from changes
during the calendar year-to-date in the holding company’s credit valuation adjustments (CVA). A CVA is the
adjustment to the fair value of derivatives that accounts
for possible nonperformance of the holding company’s
derivatives counterparties. It is an estimate of the fair
value of counterparty credit risk.
Line Item M9(g) Impact on trading revenue of
changes in the creditworthiness of the holding
company on the holding company’s derivative
liabilities (included in Memorandum items 9(a)
through 9(e) above).
Report in this item the amount included in the trading
revenue reported in Schedule HI, Memorandum items
9(a) through 9(e), above that resulted from changes
during the calendar year-to-date in the holding company’s debit valuation adjustment (DVA). A DVA is the
adjustment to the fair value of derivatives that accounts
for possible nonperformance of the holding company. It
is an estimate of the fair value of the holding company’s
own credit risk to its counterparties.
Memorandum items 10(a) and 10(b) are to be completed
by holding companies with $10 billion or more in total
consolidated assets.
Schedule HI
FR Y-9C
December 2019
Schedule HI
Line Item M10 Net gains (losses) recognized in
earnings on credit derivatives that economically
hedge credit exposures held outside the trading
account.
Report in the appropriate subitem the net gains (losses)
recognized in earnings on credit derivatives that economically hedge credit exposures held outside the trading
account, regardless of whether the credit derivative is
designated as and qualifies as a hedging instrument under
generally accepted accounting principles. Credit exposures held outside the trading account include, for example, nontrading assets (such as available-for-sale securities and loans held for investment) and unused lines of
credit.
Line Item M10(a) Net gains (losses) on credit
derivatives held for trading.
Report the net gains (losses) recognized in earnings on
credit derivatives held for trading (and reportable as
trading assets or trading liabilities, as appropriate, in
Schedule HC, item 5 or item 15, respectively) that
economically hedge credit exposures held outside the
trading account. The net gains (losses) on credit derivatives reported in this item will also have been included as
trading revenue in Schedule HI, Memorandum item 9(e),
‘‘Credit exposures.’’
Line Item M10(b) Net gains (losses) on credit
derivatives held for purposes other than trading.
Report the net gains (losses) recognized in earnings on
credit derivatives held for purposes other than trading
(and reportable as other assets or other liabilities, as
appropriate, in Schedule HC, item 11 or item 20, respectively) that economically hedge credit exposures held
outside the trading account. Net gains (losses) on credit
derivatives held for purposes other than trading should
not be reported as trading revenue in Schedule HI, item
5(c).
Line Item M11 Credit losses on derivatives.
Memorandum item 11 is to be completed by holding
companies with $5 billion or more in total assets.
Report the consolidated holding company’s year-to-date
credit losses incurred on derivative contracts (as defined
for Schedule HC-L, items 7 and 11), net of recoveries
(e.g., net charge-offs). The amount reported in this item
should include all credit losses regardless of whether the
FR Y-9C
Schedule HI
June 2018
consolidated holding company charged such losses
directly to income (e.g., trading revenue) or to another
account (e.g., allowance for credit losses on derivatives).
If the amount to be reported in this item represents
year-to-date net recoveries, report this amount with a
minus (-) sign.
Memorandum items 12(a) through 12(c) are to be
completed by holding companies with $5 billion or more
in total assets. 2
Line Item M12(a) Income from the sale and
servicing of mutual funds and annuities (in
domestic offices).
Report the amount of income earned by the reporting
holding company during the calendar year-to-date from
the sale and servicing of mutual funds and annuities (in
domestic offices).
Include in this item:
(1) Income earned in connection with mutual funds
and annuities that are sold on the premises of the
reporting holding company or its subsidiaries, or that
are sold by the reporting holding company, a subsidiary, or by affiliated or unaffiliated entities from
whom the reporting holding company reports income
on a consolidated basis in the FR Y-9C. This income
may be in the form of fees or sales commissions at
the time of the sale or fees, including a share of
another entity’s fees, that are earned over the duration of the account (e.g., annual fees, Rule 12b-1 fees
or “trailer fees,” and redemption fees). Commissions
should be reported as income as earned at the time of
the sale (i.e., on an accrual basis), but may be
reported as income when payment is received if the
results would not differ materially from those obtained
using an accrual basis.
(2) Income that is reported on a consolidated basis in the
FR Y-9C from leasing arrangements with affiliated
and unaffiliated entities who lease space in offices
of the reporting holding company or its subsidiaries
for use in selling mutual funds and annuities. Income
from leasing arrangements should be reported as
income as earned (i.e., on an accrual basis), but may
2. This asset size test is determined based on the total assets reported in
the previous year’s June 30 FR Y-9C report.
HI-31
Schedule HI
be reported as income when payment is received if
the results would not differ materially from those
obtained using an accrual basis.
affiliates. Do not include any commission and fee income
from the sale of insurance products.
(3) Fees for providing investment advisory services for
mutual funds and annuities.
Line Item M12(b)(1) Premiums on insurance
related to the extension of credit.
(4) Fees for providing securities custody, transfer agent,
and other operational and ancillary services to mutual
funds and annuities that are sold on the premises of
the reporting holding company, or sold by the reporting holding company or its subsidiaries, through a
subsidiary, or by affiliated or unaffiliated entities
from whom the holding company reports income on
a consolidated basis in the FR Y-9C at the time of the
sale or over the duration of the account.
Report the amount of premiums from insurance and
reinsurance underwriting reported in item 5(d)(4) above
that were recognized on property, casualty, life, health,
accident, involuntary unemployment and other insurance
coverage related to an extension of credit or lease
financing, e.g., credit life and mortgage insurance. Include
title insurance premiums, forced placed coverage, collateral protection, and private mortgage insurance premiums in this line item. Exclude all insurance and annuity
sales and referral fee revenue (reported in Schedule HI,
line item 5(d)(5)).
Also include income from sales conducted through the
reporting holding company’s trust department that are
not executed in a fiduciary capacity (e.g., trustee, executor, administrator, conservator) but exclude income from
sales conducted by the trust department that are executed
in a fiduciary capacity.
In general, this income will have been included in
Schedule HI, item 5(d)(1), ‘‘Fees and commissions from
securities brokerage’’ (for mutual funds) and item 5(d)(3),
‘‘Fees and commissions from annuity sales.’’ However,
income from leasing arrangements, or the portion thereof,
that is fixed in amount and does not vary based on sales
volume may have been reported as a deduction from
Schedule HI, item 7(b), ‘‘Expenses of premises and fixed
assets, net of rental income.’’ Thus, the income to be
included in this item should be reported gross rather than
net of expenses incurred by the reporting holding company or a consolidated subsidiary.
Exclude fees earned for providing securities custody,
transfer agent, and other operational and ancillary services
to third party mutual funds and annuities that are not sold
on the premises of the reporting holding company or its
consolidated subsidiaries and are not otherwise sold by
the reporting holding company, through a subsidiary, or
by affiliated or unaffiliated entities from whom the reporting holding company receives income at the time of the
sale or over the duration of the account.
Line Item M12(b) Premiums.
Report in memoranda items 12(b)(1) and 12(b)(2) premium revenues from the insurance and reinsurance
underwriting operations of the holding company and its
HI-32
Line Item M12(b)(2) All other insurance
premiums.
Report the amount of insurance premiums from insurance and reinsurance underwriting reported in item 5(d)(4)
above other than the credit-related insurance premiums
reported in item M12(b)(1) above. Exclude all insurance
and annuity sales and referral fee revenue (reported in
Schedule HI, line item 5(d)(5)).
Line Item M12(c) Benefits, losses, and expenses
from insurance-related activities.
Report for insurance and reinsurance underwriting activities current and future insurance benefits, interest credited to contract holders, policyholder dividends, amortization of deferred acquisition cost, claims and claims
adjustment expenses and any other operating expenses,
excluding salaries and overhead expense (except salaries
and benefits expense included in claims adjustment
expense), which should be reported in item 7(a) above.
Line Item M13 Does the reporting holding
company have a Subchapter S election in effect for
federal income tax purposes for the current tax
year? (Enter “1” for yes; enter “0” for no.)
Indicate whether the holding company has elected, for
federal income tax purposes, an ‘‘S corporation’’ status,
as defined in Internal Revenue Code Section 1361 as of
the report date. Enter “1” for yes; enter “0” for no. In
order to be an S corporation, the holding comSchedule HI
FR Y-9C
March 2015
Schedule HI
pany must have a valid election with the Internal Revenue Service and obtain the consent of all of its shareholders. In addition, the holding company must meet specific
criteria for federal income tax purposes at all times
during which the election remains in effect. These specific criteria include, for example, having no more than
100 qualifying shareholders and having only one class of
stock outstanding.
Memorandum item 14 is to be completed by holding
companies with $5 billion or more in total assets and
that have elected to account for assets and liabilities
under a fair value option.
Line Item M14 Net gains (losses) recognized in
earnings on assets and liabilities that are reported
at fair value under a fair value option.
Report in the appropriate subitem the total amount of
pretax gains (losses) from fair value changes included in
earnings during the calendar year to date for all assets
and liabilities accounted for at fair value under a fair
value option. If the amount to be reported is a net loss,
report with a minus (-) sign. Disclosure of such gains
(losses) is also required by ASC Subtopic 825-10, Financial Instruments – Overall (formerly FASB Statement
No. 159, Fair Value Option for Financial Assets and
Financial Liabilities, paragraph 19 and C7(b)), and ASC
Subtopic 860-50, Transfers and Servicing – Servicing
Assets and Liabilities (formerly FASB Statement No.
156, Accounting for Servicing of Financial Assets, paragraph 4(f)(1)(d)).
Line Item M14(a) Net gains (losses) on assets.
Report the total amount of pretax gains (losses) from fair
value changes included in earnings during the calendar
year to date for all assets, including hybrid financial
instruments and servicing assets, accounted for under a
fair value option. This amount will reflect the reported
interest included in total interest income in Schedule HI,
item 1(h), and revaluation adjustments included in noninterest income in Schedule HI, items 5(c), 5(f), and 5(l).
Exclude gains and losses for other items measured at fair
value, such as items required to be measured at fair value.
Line Item M14(a)(1) Estimated net gains (losses)
on loans attributable to changes in
instrument-specific credit risk.
For loans reported at fair value under a fair value option,
report the estimated portion of the change in fair value
FR Y-9C
Schedule HI
December 2019
included in earnings attributable to changes in instrumentspecific credit risk. Include all such loans reported in
Schedule HC, items 4(a), 4(b), and 5.
Line Item M14(b) Net gains (losses) on liabilities.
Report the total amounts of pretax gains (losses) from
fair value changes included in earnings during the calendar year-to-date for all liabilities, including hybrid financial instruments and servicing liabilities, accounted for
under a fair value option. This amount will reflect the
reported interest included in total interest expense in
Schedule HI, item 2(f), and revaluation adjustments
included in noninterest income in Schedule HI, items 5(c),
5(f), and 5(l). Exclude gains and losses for other items
measured at fair value, such as items required to be
measured at fair value.
Line Item M14(b)(1) Estimated net gains (losses)
on liabilities attributable to changes in
instrument-specific credit risk.
For liabilities reported at fair value under a fair value
option, report the estimated portion of the change in fair
value included in earnings attributable to changes in
instrument-specific credit risk.
Line Item M15 Stock-based employee
compensation expense (net of tax effects) calculated
for all awards under the fair value method.
Memo item 15 is to be completed by holding companies with $5 billion or more in total assets.
Report the stock-based employee compensation cost, that
is included in Schedule HI, item 7(e), net of related tax
effects. This compensation cost includes employee stock
options expense, calculated using the fair value method
applied to all awards in conformity with ASC Topic 718,
Compensation-Stock Compensation (formerly FASB
Statement No. 123(R), Shared-Based Payment). Stockbased employee compensation plans include all arrangements by which employees receive shares of stock or
other equity instruments of the employer or the employer
incurs liabilities to employees in amounts based on the
price of the employer’s stock. Examples are stock purchase plans, stock options, restricted stock, and stock
appreciation rights.
For purposes of reporting in this item, all awards refers
to awards granted, modified, or settled in fiscal periods
beginning after December 15, 1994.
HI-33
Schedule HI
Memorandum item 16 is to be completed semiannually
in the June and December reports only by holding
companies with $5 billion or more in total assets and
annually in the December report by holding companies
with less than $5 billion in total assets. that are required
to complete Schedule HC-C, Memorandum items 6(b)
and 6(c).
Line Item M16 Noncash income from negative
amortization on closed-end loans secured by 1-4
family residential properties.
Report the amount of noncash income from negative
amortization on closed-end loans secured by 1-4 family
residential properties (i.e., interest income accrued and
uncollected that has been added to principal) included in
interest and fee income on loans in domestic offices
(Schedule HI, item 1(a)(1)).
Negative amortization refers to a method in which a loan
is structured so that the borrower’s minimum monthly (or
other periodic) payment is contractually permitted to be
less than the full amount of interest owed to the lender,
with the unpaid interest added to the loan’s principal
balance. The contractual terms of the loan provide that if
the borrower allows the principal balance to rise to a
pre-specified amount or maximum cap, the loan payments are then recast to a fully amortizing schedule.
Negative amortization features may be applied to either
adjustable rate mortgages or fixed-rate mortgages, the
latter commonly referred to as graduated payment mortgages (GPMs).
Line Item M17 Other-than-temporary impairment
losses on held-to-maturity and available-for-sale
securities recognized in earnings.
Note: Memo item 17 is to be completed semiannually in
June and December by HCs with less than $5 billion in
total consolidated assets. Holding companies with more
than $5 billion in total assets will continue to report this
item on a quarterly basis.
Memorandum item 17 should be completed only by
holding companies that have not adopted ASU 2016-13,
which governs the accounting for credit losses. Holding
companies that have adopted ASU 2016-13 should leave
this item blank.
HI-34
Report the amount of other-than-temporary impairment
losses on held-to-maturity and available-for-sale debt
securities that has been recognized in earnings during the
calendar year to date. This amount is included in the
realized gains (losses) on held-to-maturity and availablefor-sale securities reported in Schedule HI, items 6(a)
and 6(b), respectively.
When the fair value of an individual held-to-maturity or
available-for-sale debt security is less than its amortized
cost basis, the security is impaired and the impairment is
either temporary or other-than-temporary. To determine
whether the impairment is other-than-temporary, a holding company must apply the relevant guidance in ASC
Topic 320, Investments-Debt and Equity Securities (formerly FASB Statement No. 115, “Accounting for Certain
Investments in Debt and Equity Securities,” as amended
by FASB Staff Position (FSP)FAS 115-1 and FAS 124-1,
“The Meaning of Other-Than-Temporary Impairment
and Its Application to Certain Investments,” and FSP
FAS 115-2 and FAS 124-2, “Recognition and Presentation of Other-Than-Temporary Impairments”) and ASC
Subtopic 325-40, Investments—Other—Beneficial Interests in Securitized Financial Assets (formerly Emerging
Issues Task Force (EITF) Issue No. 99-20, “Recognition
of Interest Income and Impairment on Purchased Beneficial Interests and Beneficial Interests That Continue to Be
Held by a Transferor in Securitized Financial Assets,” as
amended by FSP EITF 99-20-1, “Amendments to the
Impairment Guidance of EITF Issue No. 99-20”), as
appropriate.
When an other-than-temporary impairment loss has
occurred on an individual debt security, the total amount
of the loss is the entire difference between the amortized
cost of the debt security and its fair value on the
measurement date of the other-than-temporary impairment. For an other-than-temporary impairment loss on a
debt security that the holding company intends to sell and
on a debt security that it is more likely than not that the
holding company will be required to sell before recovery
of its amortized cost basis less any current-period credit
loss, the total amount of the other-than-temporary impairment loss must be recognized in earnings and must be
reported in this item.
For an other-than-temporary impairment loss on a debt
security when the holding company does not intend to
sell the security and it is not more likely than not that the
Schedule HI
FR Y-9C
March 2019
Schedule HI
holding company will be required to sell the security
before recovery of its amortized cost basis less any
current-period credit loss, the other-than-temporary
impairment loss must be separated into (a) the amount
representing the credit loss, which must be recognized in
earnings, and (b) the amount related to all other factors,
FR Y-9C
Schedule HI
March 2017
which must be recognized in other comprehensive income.
Report in this item the portion of such an other-thantemporary impairment loss that represents the credit loss.
For more information, see the Glossary for “securities
activities.”
HI-35
LINE ITEM INSTRUCTIONS FOR
Changes in Holding Company
Equity Capital
Schedule HI-A
General Instructions
Total holding company equity capital includes perpetual
preferred stock, common stock, capital surplus, retained
earnings, accumulated other comprehensive income and
other equity capital components such as treasury stock
and unearned Employee Stock Ownership Plan Shares.
All amounts in Schedule HI-A, other than those reported
in items 1, 3, and 12, should represent net aggregate
changes for the calendar year-to-date. Report all net
decreases and losses (net reductions of holding company
equity capital) with a minus (-) sign.
(1) The net amount of pre-opening income and expenses
for the entire period from the holding company’s
inception until the date the holding company commenced operations should be reported in the appropriate items of Schedule HI, each quarter during the
calendar year in which operations commenced; or
Report the consolidated holding company’s total equity
capital balance most recently reported for the previous
calendar year-end after the effect of all corrections and
adjustments to total equity capital that were made in any
amended report(s) for the previous calendar year-end.
(2) Pre-opening income and expenses for the period
from the holding company’s inception until the
beginning of the calendar year in which the holding
company commenced operations should be included,
along with the holding company’s opening (original)
equity capital, in this item. The net amount of these
pre-opening income and expenses should be identified and described in ‘‘Notes to the Income Statement.’’ Pre-opening income earned and expenses
incurred during the calendar year in which the holding company commenced operations should be
reported in the appropriate items of Schedule HI,
each quarter during the calendar year in which
operations commenced.
Do not enter the consolidated holding company’s total
equity capital ending balance from the Report of Income
for the preceding quarter when preparing the June 30,
September 30, or December 31 report.
Line Item 2 Cumulative effect of changes in
accounting principles and corrections of material
accounting errors.
Line Item 1 Total holding company equity capital
most recently reported for the end of previous
calendar year.
For holding companies opened since January 1 of the
current calendar year, report zero in this item. Report the
consolidated holding company’s opening (original) total
equity capital in items 5(a), ‘‘Sale of perpetual preferred
stock, gross’’ or 6(a), ‘‘Sale of common stock, gross’’ as
appropriate.
Pre-opening income earned and expenses incurred from
the holding company’s inception until the date the holding company commenced operations should be reported
in Schedule HI using one of the two following methods,
consistent with the manner in which the holding company reports pre-opening income and expenses for other
financial reporting purposes:
FR Y-9C
Schedule HI-A March 2013
Report the sum of the cumulative effect, net of applicable
income taxes, of all changes in accounting principles
adopted during the calendar year-to-date reporting period
that were applied retroactively and for which prior years’
financial statements were restated and all corrections
resulting from material accounting errors that were made
in prior years’ Consolidated Financial Statements for
Holding Companies and not corrected by the filing of an
amended report for the period in which the error was
made. Include only those corrections that result from:
(1) Mathematical mistakes.
(2) Mistakes in applying accounting principles.
HI-A-1
Schedule HI-A
(3) Improper use of information which existed when the
prior Consolidated Financial Statements for Holding
Companies were prepared.
(4) A change from an accounting principle that is neither
accepted nor sanctioned by the Federal Reserve to
one that is acceptable to the Federal Reserve.
The effect of accounting errors differs from the effect of
changes in accounting estimates. Changes in accounting
estimates are an inherent part of the accrual accounting
process. Report the effect of any changes in accounting
estimates in the appropriate line items of Schedule HI,
Consolidated Income Statement. For further information
on corrections of errors and changes in estimates, refer to
the Glossary entry for ‘‘accounting changes.’’
The cumulative effect of a change in accounting principle
is the difference between (1) the balance in the retained
earnings account at the beginning of the year in which the
change is made and (2) the balance in the retained
earnings account that would have been reported at the
beginning of the year had the newly adopted accounting
principle been applied in all prior periods.
Refer to the Glossary entry for ‘‘accounting changes’’ for
information on how to determine the amount of the
cumulative effect of a change in accounting principle.
Line Item 3 Balance end of previous calendar year
as restated.
Report the sum of items 1 and 2.
Line Item 4 Net income (loss) attributable to
holding company.
Report the net income (loss) attributable to the holding
company for the calendar year-to-date as reported in
Schedule HI, item 14, ‘‘Net income (loss) attributable to
holding company.’’
Line Item 5 Sale of perpetual preferred stock.
Report the changes in the consolidated holding company’s total equity capital resulting from the sale of the
holding company’s perpetual preferred stock. Limitedlife preferred stock is not included in equity capital; any
proceeds from the sale of limited-life preferred stock
during the calendar year-to-date are not to be reported in
this item. (Include limited-life preferred stock in Schedule HC, item 19(a)).
HI-A-2
Line Item 5(a) Sale of perpetual preferred stock,
gross.
Report in this item the total amount of new perpetual
preferred stock issued, net of any expenses associated
with the issuance of the stock.
Exclude the conversion of convertible debt and limitedlife preferred stock into perpetual preferred stock, as well
as the exercise of stock options (report in item 5(b)).
Line Item 5(b) Conversion or retirement of
perpetual preferred stock.
Report in this item the changes in the consolidated
holding company’s total equity capital resulting from:
(1) The conversion of convertible debt or limited-life
preferred stock into perpetual preferred stock.
(2) Exercise of stock options, including:
(a) Any income tax benefits to the consolidated
holding company resulting from the sale of the
holding company’s own stock acquired under a
qualified stock option within three years of its
purchase by the employee who had been granted
the option.
(b) Any tax benefits to the consolidated holding
company resulting from the exercise (or granting) of nonqualified stock options (on the holding
company’s stock) based on the difference between
the option price and the fair market value of the
stock at the date of exercise (or grant).
(3) Retirement of perpetual preferred stock.
(4) The awarding of share-based employee compensation classified as equity. Under ASC Topic 718,
Compensation-Stock Compensation (formerly FASB
Statement No. 123 (R), Share-Based Payment), the
compensation cost for such an award must be recognized over the requisite service period with a corresponding credit to equity. This reporting treatment
applies regardless of whether the shares awarded to
an employee are shares of holding company stock or
shares of stock of the holding company’s subsidiary
bank.
Include:
(1) The net decrease in equity capital which occurs when
cash is distributed in lieu of fractional shares in a
stock dividend.
Schedule HI-A
FR Y-9C
September 2016
Schedule HI-A
(2) The net increase in equity capital when a stockholder
who receives a fractional share from a stock dividend
purchases the additional fraction necessary to make a
whole share.
Line Item 6 Sale of common stock.
Report the changes in the consolidated holding company’s total equity capital resulting from the sale of the
holding company’s common stock.
Line Item 6(a) Sale of common stock, gross.
Report the total amount of new common stock issued
by the consolidated holding company, net of any expenses
associated with the issuance of such stock.
In the event of the formation of a new holding company
over an existing bank that has been accounted for as a
transaction between entities under common control,
report the holding company shares issued in this line
item. See also the Glossary entry for ‘‘business
combinations—a transaction between entities under common control’’ for further information
Line Item 6(b) Conversion or retirement of
common stock.
Report in this item the changes in the consolidated
holding company’s total equity capital resulting from:
(1) the conversion of convertible debt, limited-life preferred stock, or perpetual preferred stock into common stock.
(2) Exercise of stock options, including:
(a) Any income tax benefits to the consolidated
holding company resulting from the sale of the
holding company’s own stock acquired under a
qualified stock option within three years of its
purchase by the employee who had been granted
the option.
Compensation-Stock Compensation (formerly FASB
Statement No. 123(R), Share-Based Payment), the
compensation cost for such an award must be recognized over the requisite service period with a corresponding credit to equity. This reporting treatment
applies regardless of whether the shares awarded to
an employee are shares of holding company stock or
shares of stock of the holding company’s subsidiary
bank.
Include:
(1) The net decrease in equity capital which occurs when
cash is distributed in lieu of fractional shares in a
stock dividend.
(2) The net increase in equity capital when a stockholder
who receives a fractional share from a stock dividend. Do not include dividends declared during the
previous calendar year but paid in the current period.
Refer to the Glossary entry for ‘‘dividends’’ for further
information on cash dividends.
Line Item 7 Sale of treasury stock.
Report the resale or other disposal of the holding company’s own perpetual preferred stock or common stock,
i.e., treasury stock transactions (see the Glossary entry
for ‘‘treasury stock’’).
Line Item 8 LESS: Purchase of treasury stock.
Report the acquisition (without retirement) of the holding
company’s own perpetual preferred stock or common
stock, i.e., treasury stock transactions (see the Glossary
entry for ‘‘treasury stock’’). Report the amount as an
absolute value; do not enclose the amount in parentheses
or use a minus (2) sign.
Line Item 9 Changes incident to business
combinations, net.
(3) Retirement of common stock.
If the holding company purchased another business during the year-to-date reporting period, report the fair value
of any perpetual preferred or common shares issued (less
the direct cost of issuing the shares). Exclude the fair
value of limited-life preferred stock issued in connection
with purchase acquisitions. Refer to the Glossary entry
for ‘‘business combinations’’ for further information on
purchase acquisitions.
(4) The awarding of share-based employee compensation classified as equity. Under ASC Topic 718,
If the holding company was involved in a transaction
between entities under common control that became
(b) Any tax benefits to the consolidated holding
company resulting from the exercise (or granting) of nonqualified stock options (on the holding
company’s stock) based on the difference between
the option price and the fair market value of the
stock at the date of exercise (or grant).
FR Y-9C
Schedule HI-A
March 2017
HI-A-3
Schedule HI-A
effective during the year-to-date reporting period and has
been accounted for in a manner similar to a pooling of
interests, report in this item the historical equity capital
balances as of the end of the previous calendar year of the
business that was combined with the holding company in
the transaction. For further information on transactions
between entities under common control, refer to the
Glossary entry for “business combinations.”
Line Item 10 LESS: Cash dividends declared on
preferred stock.
Report all cash dividends declared on preferred stock
(including limited-life preferred stock) during the calendar year-to-date, including dividends not payable until
after the report date. Report the amount as an absolute
value; do not enclose the amount in parentheses or use a
minus (2) sign.
Do not include dividends declared during the previous
calendar year but paid in the current period.
Refer to the Glossary entry for ‘‘dividends’’ for further
information on cash dividends.
Line Item 11 LESS: Cash dividends declared on
common stock.
Report all cash dividends declared on common stock
during the calendar year-to-date, including dividends not
payable until after the report date. Report the amount as
an absolute value; do not enclose the amount in parentheses or use a minus (2) sign.
Do not include dividends declared during the previous
calendar year but paid in the current period.
For further information on cash dividends, see the Glossary entry for ‘‘dividends.’’
Line Item 12 Other comprehensive income.
Report the institution’s other comprehensive income,
including reclassification adjustments, for the calendar
year-to-date, net of applicable income taxes, if any.
Reclassification adjustments are adjustments made to
avoid double counting of items in comprehensive income
that are presented as part of net income for the calendar
year-to-date reporting period that also had been presented
as part of other comprehensive income in that reporting
period or earlier reporting periods. If the amount to be
HI-A-4
reported in this item represents a reduction in the institution’s equity capital, report the amount with a minus (-)
sign.
Items of other comprehensive income include:
(1) The change in net unrealized holding gains (losses)
on the institution’s available-for-sale debt securities.
(2) Unrealized holding gains (losses) that result from a
debt security being transferred into the available-forsale category from the held-to-maturity category.
(3) For a debt security transferred into the held-tomaturity category from the available-for-sale category, amortization of the unrealized holding gain
(loss) on the debt security at the date of transfer.
Consistent with ASC Subtopic 320, InvestmentsDebt Securities, this unrealized holding gain (loss)
should be amortized over the remaining life of the
debt security as an adjustment of yield.
(4) The portion of other-than-temporary impairment
losses on available-for-sale and held-to-maturity debt
securities that was not recognized in earnings in
accordance withASC Topic 320, Investments-Debt
and Equity Securities, subsequent decreases (if not
other-than-temporary impairment losses) or increases
in the fair value of available-for-sale debt securities
previously written down as other-than-temporarily
impaired, and subsequent accretion (based on the
amount and timing of future estimated cash flows) of
the portion of other-than-temporary impairment losses
on held-to-maturity debt securities not recognized in
earnings.
(5) The change in the institution’s accumulated net gains
(losses) (effective portion) on derivative instruments
that are designated and qualify as cash flow hedges.
(6) The change in the institution’s cumulative foreign
currency translation adjustments and gains (losses)
on certain foreign currency transactions. Refer to the
Glossary entry for ‘‘foreign currency transactions
and translation’’ for further information on accounting for foreign currency translation.
(7) Gains (losses) and transition assets or obligations
associated with single-employer defined benefit pension and other postretirement plans not recognized
immediately as a component of net periodic benefit
cost and prior service costs or credits associated with
such plans, which are accounted for in accordance
Schedule HI-A
FR Y-9C
December 2020
Schedule HI-A
with ASC Topic 715, Compensation-Retirement
Benefits.
The portion of the total change in the fair value of a
liability resulting from a change in the instrumentspecific credit risk (“own credit risk”) when the institution has elected to measure the liability at fair value in
accordance with the fair value option for financial instruments.
Exclude the year-to-date change in net unrealized holding
gains (losses) on equity securities with readily determinable fair values not held for trading (report in Schedule HI, item 8(b).
For further guidance on reporting other comprehensive
income, see ASC Topic 220, Comprehensive Income.
Line Item 13 Change in the offsetting debit
to the liability for Employee Stock Ownership Plan
(ESOP) debt guaranteed by the holding company.
Report an amount in this item only if the consolidated
holding company has guaranteed the debt of its ESOP.
The amount reported in this item should reflect any
changes during the calendar year-to-date to the offsetting
debit to the liability recorded by the holding company in
connection with ESOP debt guaranteed by the reporting
company (that is, the equity contra account). The changes
in this account result either: (1) from the booking of an
offsetting debit to any new ESOP debt guaranteed by the
consolidated holding company; or (2) from any reduction
in the equity contra account as existing guaranteed ESOP
debt is amortized.
As the ESOP’s debt is amortized, the equity contra
account is reduced, thereby increasing the total amount
FR Y-9C
Schedule HI-A
December 2020
of equity capital reported as outstanding by the reporting
holding company. As the ESOP borrows more funds that
are guaranteed by the reporting holding company, the
offsetting debit increases the equity contra account,
thereby reducing the total amount of equity capital
reported as outstanding.
When the net impact of these changes to the equity contra
account results in an overall decrease to that account, the
amount of that decrease should be reported in this item as
an increase in the total amount of equity capital by
adding that amount when calculating ‘‘changes in equity
capital’’ for this schedule. When the net impact of these
changes to the equity contra account results in an overall
increase to that account, the amount of that increase
should be reported in this item as a decrease in the total
amount of equity capital by placing that amount in
parenthesis and subtracting it when calculating “changes
in equity capital” for this schedule.
Line Item 14 Other adjustments to equity capital
(not included above).
Report in this item all other adjustments to equity capital
that are not properly reported in items 1 through 13.
Included are contributions of capital made to the holding
company when the company is a partnership.
Line Item 15 Total holding company equity capital
end of current period.
Report the sum of items 3, 4, 5, 6, 7, 9, 12, 13, and 14,
less items 8, 10, and 11. This item must equal Schedule
HC, item 27.a, “Total holding company equity capital.”
HI-A-5
LINE ITEM INSTRUCTIONS FOR
Charge-Offs and Recoveries on Loans
and Leases and Changes in Allowances
for Credit Losses
Schedule HI-B
Part I. Charge-Offs and Recoveries on
Loans and Leases
General Instructions
This part has two columns. In column A report loans and
leases charged off during the current calendar year-todate. Also include in column A write-downs to fair value
on loans (and leases) transferred to the held-for-sale
account during the calendar year to date that occurred
when (1) the reporting holding company decided to sell
loans that were not originated or otherwise acquired with
the intent to sell and (2) the fair value of those loans had
declined for any reason other than a change in the general
market level of interest or foreign exchange rates. In
column B report amounts recovered during the current
calendar year-to-date on loans and leases previously
charged off. For those holding companies or consolidated
subsidiaries required to establish and maintain an allocated transfer risk reserve, as specified in Section 905(a)
of the International Lending Supervision Act of 1983, in
the agency regulations implementing the Act (Subpart D
of Federal Reserve Regulation K) and in any guidelines,
or instructions issued by the Federal Reserve, columns A
and B of part I include loans and leases charged off
against and amounts recovered, respectively, through the
allocated transfer risk reserve.
These instructions should be read in conjunction with
the Glossary entries for “allowance for loan and lease
losses,” “domicile” and ”allowances for credit losses.”
Business Combinations and Transactions between Entities under Common Control - If the holding company
entered into a business combination that became effective
during the year-to-date reporting period and has been
accounted for under the acquisition method, include the
charge-offs and recoveries of the acquired institution or
other business only after its acquisition. If the reporting
institution was involved in a transaction between entities
under common control that became effective during the
FR Y-9C
Schedule HI-B March 2019
year-to-date reporting period and has been accounted for
in a manner similar to a pooling of interests, report the
charge-offs and recoveries of the combined entities for
the entire calendar year-to-date as though they had
combined at the beginning of the year. For further
information on business combinations and transactions
between entities under common control, see the Glossary
entry for “business combinations.”
Line Item 1 Loans secured by real estate.
Report in the appropriate subitem and column loans
secured by real estate (as defined in Schedule HC-C,
item 1) charged off and recovered.
Line Item 1(a) Construction, land development,
and other land loans (in domestic offices).
Report in the appropriate subitem and column construction, land development, and other land loans (as defined
for Schedule HC-C, item 1(a), column B) charged off and
recovered.
Line Item 1(a)(1) 1-4 family residential
construction loans.
Report in columns A and B, as appropriate, 1-4 family
residential construction loans (as defined for Schedule
HC-C, item 1(a)(1), column B) charged off and recovered.
Line Item 1(a)(2) Other construction loans and all
land development and other land loans.
Report in columns A and B, as appropriate, other construction loans and all land development and other land
loans (as defined for Schedule HC-C, item 1(a)(2),
column B) charged off and recovered.
HI-B-1
Schedule HI-B
Line Item 1(b) Secured by farmland in domestic
offices.
Line Item 1(d) Secured by multifamily (5 or more)
residential properties in domestic offices.
Report in columns A and B, as appropriate, loans secured
by farmland in domestic offices (as defined for Schedule HC-C, item 1(b), ‘‘Secured by farmland’’).
Report in columns A and B, as appropriate, loans secured
by multifamily (5 or more) residential properties in
domestic offices (as defined for Schedule HC-C,
item 1(d), ‘‘Secured by multifamily (5 or more) residential
properties’’).
Line Item 1(c) Secured by 1–4 family residential
properties in domestic offices.
Report in columns A and B, as appropriate, in the
subitems below, loans secured by 1–4 family residential
properties in domestic offices (as defined for Schedule HC-C, item 1(c), ‘‘Secured by 1–4 family residential
properties’’).
Line Item 1(c)(1) Revolving, open-end loans
secured by 1–4 family residential properties and
extended under lines of credit.
Report in columns A and B, as appropriate, all revolving,
open-end loans in domestic offices secured by 1–4 family
residential properties and extended under lines of credit.
Corresponds to Schedule HC-C, item 1(c)(1).
Line Item 1(c)(2) Closed-end loans secured by
1–4 family residential properties in domestic offices.
Report in the appropriate subitem and column closed-end
loans in domestic offices secured by 1–4 family residential properties charged off and recovered.
Line Item 1(c)(2)(a) Secured by first liens.
Report in columns A and B, as appropriate, closedend loans secured by first liens on 1–4 family residential properties (as defined for Schedule HC-C,
item 1(c)(2)(a), column B) charged off and recovered.
Line Item 1(c)(2)(b) Secured by junior liens.
Report in columns A and B, as appropriate, closedend loans secured by junior liens on 1–4 family residential properties (as defined for Schedule HC-C,
item 1(c)(2)(b), column B) charged off and recovered.
Include loans secured by junior liens in this item even if
the holding company also holds a loan secured by a first
lien on the same 1–4 family residential property and
there are no intervening junior liens.
HI-B-2
Line Item 1(e) Secured by nonfarm nonresidential
properties (in domestic offices).
Report in the appropriate subitem and column loans
secured by nonfarm nonresidential properties (as defined
for Schedule HC-C, item 1(e), column B) charged off and
recovered.
Line Item 1(e)(1) Loans secured by
owner-occupied nonfarm nonresidential properties.
Report in columns A and B, as appropriate, loans secured
by owner-occupied nonfarm nonresidential properties (as
defined for Schedule HC-C, item 1(e)(1), column B)
charged off and recovered.
Line Item 1(e)(2) Loans secured by other nonfarm
nonresidential properties.
Report in columns A and B, as appropriate, loans secured
by other nonfarm nonresidential properties (as defined
for Schedule HC-C, item 1(e)(2), column B) charged off
and recovered.
Line Item 1(f) In foreign offices.
Report in columns A and B, as appropriate, loans secured
by real estate in foreign offices.
Line Item 2
Not applicable.
Line Item 3 Loans to finance agricultural
production and other loans to farmers.
Report in columns A and B, as appropriate, agricultural
loans (as defined for Schedule HC-C, item 3, “Loans
to finance agricultural production and other loans to
farmers”).
Line Item 4 Commercial and industrial loans.
Note: Item 4(a) and 4(b) are to be reported by HCs with
$5 billion or more in total assets. Item 4(c) is to be
reported only by holding companies with less than
$5 billion in total consolidated assets.
Schedule HI-B
FR Y-9C
December 2019
Schedule HI-B
Line Item 4(a) To U.S. addressees.
Report in columns A and B, as appropriate, commercial
and industrial loans (as defined for Schedule HC-C,
item 4(a), ‘‘Commercial and industrial loans to U.S.
addressees’’).
Line Item 4(b) To non-U.S. addressees.
Report in columns A and B, as appropriate, commercial
and industrial loans to non-U.S. addressees (as defined
for Schedule HC-C, item 4(b), ‘‘Commercial and industrial loans to non-U.S. addressees,’’ column A) chargedoff and recovered.
Line item 4(c) To U.S addressees and to non-U.S.
addressees
Report in columns A and B, as appropriate, commercial
and industrial loans to U.S. and non-U.S. addressees (as
defined for Schedule HC-C, item 4(c), To “U.S. addressees and non-U.S. addressees,” column A) charged-off.
Line Item 5 Loans to individuals for household,
family, and other personal expenditures.
Report in the appropriate subitem and column loans to
individuals for household, family, and other personal
expenditures (as defined for Schedule HC-C, item 6)
charged-off and recovered.
Line Item 5(a) Credit cards.
Report in columns A and B, as appropriate, all extensions
of credit under credit cards (as defined for Schedule
HC-C, items 6(a)) charged-off and recovered.
Line Item 5(b) Automobile loans.
Report in columns A and B, as appropriate, all consumer
loans arising from retail sales of passenger cars and other
vehicles such as minivans, vans, sport-utility vehicles,
pickup trucks, and similar light trucks for personal use
(as defined for Schedule HC-C, item 6(c)) charged-off
and recovered.
Line Item 5(c) Other consumer loans (includes
single payment, installment, all student loans, and
revolving credit plans other than credit cards).
Report in columns A and B, as appropriate, all other
extensions of credit to individuals for household, family,
and other personal expenditures (as defined for Schedule
HC-C, items 6(b) and 6(d)) charged-off and recovered.
FR Y-9C
Schedule HI-B
June 2021
Line Item 6 Loans to foreign governments and
official institutions.
Note: Item 6 is to be completed by HCs with $5 billion
or more in total assets. Holding companies with less
than $5 billion should leave this item blank.
Report in columns A and B, as appropriate, all loans
to foreign governments and official institutions (as defined
for Schedule HC-C, item 7, ‘‘Loans to foreign governments and official institutions’’).
Line Item 7 All other loans.
Report in columns A and B, as appropriate, loans to
depository institutions and acceptances of other banks,
loans to nondepository financial institutions, and other
loans (as defined for Schedule HC-C, item 2, “Loans to
depository institutions and acceptances of other banks.”
and HC-C, item 9, “Loans to nondepository financial
institutions and other loans,” respectively) charged off
and recovered.
Line Item 8 Lease financing receivables.
Note: Item 8(a) and 8(b) are to be reported by holding
companies with $5 billion or more in total assets.
Item 8(c) is to be completed only by holding companies
with less than $5 billion in assets.
Report in columns A and B, as appropriate, all lease
financing receivables (as defined for Schedule HC-C,
item 10) charged off and recovered.
Line Item 8(a) Leases to individuals for household,
family, and other personal expenditures.
Report in columns A and B, as appropriate, all leases to
individuals for household, family, and other personal
expenditures (as defined for Schedule HC-C, item 10(a),
column A) charged off and recovered.
Line Item 8(b) All other leases.
Report in columns A and B, as appropriate, all other
leases (as defined for Schedule HC-C, item 10(b), column A) charged off and recovered.
Line Item 8(c) Leases to individuals for household,
family, and other personal expenditures and all
other leases.
Holding companies with less than $5 billion in total
assets should report in columns A and B, as appropriate,
HI-B-3
Schedule HI-B
all Leases to individuals for household, family, and other
personal expenditures and all other leases as defined in
HC-C, item 10(a) column A and HC-C, item 10(b),
column A.
Line Item 9 Total.
This item is to be completed by (1) holding companies
that, together with affıliated institutions, have outstanding credit card receivables that exceed $500 million as of
the report date or (2) holding companies that on a
consolidated basis are credit card specialty holding
companies.
Report in columns A and B the sum of items 1 through 8.
The amount reported in column A must equal part II,
item 3, column A, “Charge-offs,” below. The amount
reported in column B must equal Schedule HI-B, part II,
item 2, column A, “Recoveries,” below.
Outstanding credit card receivables are the sum of:
Memoranda
Credit card specialty holding companies are defined as
those holding companies that on a consolidated basis
exceed 50 percent for the following two criteria:
Line Item M1 Loans to finance commercial real
estate, construction, and land development activities
(not secured by real estate) included in items 4 and
7 above.
Report in columns A and B, as appropriate, loans to
finance commercial real estate, construction, and land
development activities not secured by real estate (as
defined for Schedule HC-C, Memorandum item 2). Such
loans will have been included in items 4 and 7 of
Schedule HI-B, part I, above. Exclude from this item all
loans secured by real estate included in item 1 of
Schedule HI-B, part I, above.
Line Item M2 Loans secured by real estate to
non-U.S. addressees (domicile).
Note: Memo item 2 is to be completed by holding
companies with $5 billion or more in total assets.
Holding companies with less than $5 billion in total
assets should leave this item blank.
Report in columns A and B, as appropriate, loans secured
by real estate to non-U.S. addressees (as defined for
Schedule HC-C, Memorandum item 3) included in
Schedule HI-B, part I, item 1, above.
Line Item M3 Uncollectible retail credit card fees
and finance charges reversed against income (i.e.,
not included in charge-offs against the allowance for
loan and lease losses).
Note: Memo item 3 is to be completed by holding
companies with $5 billion or more in total assets.
Holding companies with less than $5 billion in total
assets should leave this item blank.
HI-B-4
(a) Schedule HC-C, item 6(a), column A;
(b) Schedule HC-S, item 1, column C; and
(c) Schedule HC-S, item 6(a), column C.
(a) the sum of credit card loans (Schedule HC-C,
item 6(a), column A) plus securitized and sold
credit card receivables (Schedule HC-S, item 1,
column C) divided by the sum of total loans
(Schedule HC-C, item 12, column A) plus securitized and sold credit card receivables (Schedule
HC-S, item 1, column C); and
(b) the sum of total loans (Schedule HC-C, item 12,
column A) plus securitized and sold credit card
receivables (Schedule HC-S, item 1, column C)
divided by the sum of total assets (Schedule HC,
item 12) plus securitized and sold credit card
receivables (Schedule HC-S, item 1, column C).
Report the amount of fees and finance charges on credit
cards (as defined for Schedule HC-C, item 6(a) that the
holding company reversed against either interest and fee
income or a separate contra-asset account during the
calendar year-to-date. Report the amount of fees and
finance charges that have been reversed on a gross basis,
i.e., do not reduce the amount of reversed fees and
finance charges by recoveries of these reversed fees and
finance charges. For holding companies that have not
adopted ASU 2016-13, exclude from this item credit card
fees and finance charges reported as charge-offs against
the allowance for loan and lease losses in Schedule HI-B,
part 1, item 5(a), column A.
For those holding companies that have adopted ASU
2016-13, exclude from this item credit card fees and
finance charges reported as charge-offs against the allowance for credit losses on loans and leases in Schedule
HI-B, part I, item 5(a), column A.
Schedule HI-B
FR Y-9C
December 2019
Schedule HI-B
Part II. Changes in Allowances for
Credit Losses.
General Instructions
This schedule has three columns for information on the
allowances for credit losses, one for each of the following
asset types: 1) loans and leases held for investment
(Column A), 2) held-to-maturity debt securities (Column B), and 3) available-for-sale debt securities (Column C).
Holding companies that have not adopted ASU 2016-13
should report the reconcilement of the allowance for loan
and lease losses on a calendar year-to-date basis in
column A. Columns B and C should be left blank.
Holding companies that have adopted ASU 2016-13
should report changes in the allowances for credit losses
for loans and leases held for investment, held-to-maturity
debt securities and available-for-sale debt securities in
the applicable columns.
Report the reconcilement of the allowance for loan and
lease losses on a calendar year-to-date basis.
For those holding companies required to establish and
maintain an allocated transfer risk reserve as specified in
Section 905(a) of the International Lending Supervision
Act of 1983, in the agency regulations implementing the
Act (Subpart D of Federal Reserve Regulation K) and in
any guidelines, or instructions issued by the Federal
Reserve, the reconcilement should include the activity in
the allocated transfer risk reserve in column A during the
calendar year-to-date that relates to loans and leases.
For holding companies that have not adopted ASU
2016-13, exclude the balances of the allowance for credit
losses on off-balance sheet credit exposures reported in
Schedule HC-G, item 3, and any capital reserves included
in Schedule HC, item 26(a), “Retained earnings,” and the
effect of any transactions therein. For holding companies
that have adopted ASU 2016-13, report the provisions for
credit losses on off-balance sheet exposures in Schedule HI-B, Part II, Memorandum item 7.
Business Combinations, Pushdown Accounting Transactions, and Transactions between Entities under Common
Control—If the reporting holding company entered into a
business combination that became effective during the
year-to-date reporting period and has been accounted for
under the acquisition method, include the recoveries,
charge-offs, and provisions of the acquired institution or
FR Y-9C
Schedule HI-B
December 2019
other business only after its acquisition. Under ASC
Topic 805, Business Combinations (formerly FASB
Statement No. 141(R), “Business Combinations”), the
acquired loans and leases must be measured at their
acquisition-date fair values. Therefore, for holding companies that have not adopted ASU 2016-13, the reporting
holding company may not carry over the allowance for
loan and lease losses of the acquired institution or other
business as of the acquisition date.
However, for a reporting holding company that has
adopted ASU 2016-13 and has acquired financial assets
in a business combination that management has determined to be purchased credit-deteriorated as of the
acquisition date, the holding company should report the
initial allowance gross-up amounts established upon the
purchase of these assets, which are recorded at the date of
acquisition as an addition to the purchase price to determine the initial amortized cost basis of the assets, should
be reported as positive amounts in the applicable columns of Schedule HI-B, Part II, item 6, “Adjustments.”
Similarly, if the reporting holding company was acquired
in a transaction that became effective during the year-to
date reporting period, retained its separate corporate
existence, and elected to apply pushdown accounting in
its separate financial statements (including its FR Y-9C
report), include only the recoveries, charge-offs, and
provisions from the date of the holding company’s
acquisition through the end of the year-to-date reporting
period. When applying pushdown accounting, regardless
of whether the reporting holding company has adopted
ASU 2016-13, the reporting holding company’s loans
and leases must be restated to their acquisition-date fair
values and the holding company may not carry over its
allowance for loan and lease losses or its allowances for
credit losses, as applicable, as of the acquisition date. As
a consequence:
• For a reporting holding company that has not adopted
ASU 2016-13, the amount reported in Schedule HI-B,
Part II, item 1, column A, for the balance of the
allowance for loan and lease losses most recently
reported for the end of the previous calendar year must
be reported as a negative amount in Schedule HI-B,
Part II, item 6, column A, “Adjustments.”
• For a reporting holding company that has adopted ASU
2016-13, the amounts reported in Schedule HI-B,
Part II, item 1, columns A, B, and C, for the balances of
the allowances for credit losses most recently reported
HI-B-5
Schedule HI-B
for the end of the previous calendar year must be
reported as negative amounts in Schedule HI-B, Part II,
item 6, columns A, B, and C, “Adjustments.” In
addition, when applying pushdown accounting, for
those financial assets that management has determined
to be purchased credit-deteriorated as of the holding
company’s acquisition date, the holding company
should report as positive amounts in the applicable
columns of Schedule HI-B, Part II, item 6, “Adjustments,” the initial allowance gross-up amounts established as of the acquisition date, which are recorded as
an addition to the acquisition-date fair values of these
purchased credit-deteriorated assets to determine their
initial amortized cost basis.
If the reporting holding company was involved in a
transaction between entities under common control that
became effective during the year-to-date reporting period
and has been accounted for in a manner similar to a
pooling of interests, report the recoveries, charge-offs,
and provisions of the combined entities for the entire
calendar year-to-date as though they had combined at the
beginning of the year. Reporting holding companies that
have not adopted ASU 2016-13, report the balance as of
the end of the previous calendar year of the allowance for
loan and lease losses of the institution or other business
that combined with the reporting holding company in the
common control transaction in Schedule HI-B, part II,
item 6, “Adjustments,” column A. Reporting holding
companies that have adopted ASU 2016-13 should report
the balance as of the end of the previous calendar year of
the allowances for credit losses of the institution or other
business that combined with the reporting holding company in the common control transaction in Schedule HI-B, part II, item 6, columns A, B, or C, “Adjustments.”
For further information on business combinations, pushdown accounting, and transactions between entities under
common control, see the Glossary entry for “business
combinations.”
Line Item 1 Balance most recently reported at end
of previous year.
Holding companies that have not adopted ASU 2016-13,
report in column A the balance in the allowance for loan
and lease losses from the Consolidated Financial Statements for Holding Companies most recently reported at
the previous calendar year-end after the effect of all
corrections and adjustments to the allowance for loan and
HI-B-6
lease losses that were made in any amended report(s) for
the previous calendar year-end.
Holding companies that have adopted ASU 2016-13
report in columns A, B, and C the balances of all
allowances on loans and leases held for investment,
held-to-maturity debt securities, and available-for-sale
debt securities, respectively for credit losses as reported
in the FR Y-9C for the previous calendar year-end after
the effect of all corrections and adjustments to the
allowances for credit losses that were made in any
amended report(s) for the previous calendar year-end. In
the year of adoption, holding companies should record a
zero balance for columns B and column C.
Line Item 2 Recoveries.
Holding companies that have not adopted ASU 2016-13,
report in column A the amount credited to the allowance
for loan and lease losses for recoveries during the
calendar year to date on amounts previously charged
against the allowance for loan and lease losses. The
amount reported in this item must equal Schedule HI-B,
part I, item 9, column B.
Holding companies that have adopted ASU 2016-13,
report in columns A, B, and C the amounts credited to the
allowances for credit losses on loans and leases held for
investment, held-to-maturity debt securities, and
available-for-sale debt securities, respectively, for recoveries during the calendar year to date on amounts previously charged against the allowance for credit losses. The
amount reported in “Loans and Leases,” column A, of
this item must equal Schedule HI-B, part I, item 9,
column B.
Line Item 3 LESS: Charge-offs.
Holding companies that have not adopted ASU 2016-13,
report in column A of this item the amount of all loans
and leases charged against the allowance for loan and
lease losses during the calendar year to date. The amount
reported in this item must equal Schedule HI-B, part I,
item 9, column A, “Total” charge-offs, less Schedule
HI-B, part II, item 4, “LESS: Write-downs arising from
transfers of loans to a held-for-sale account.”
Holding companies that have adopted ASU 2016-13,
report in columns A, B, and C the amounts of loans and
leases held for investment, held-to-maturity debt securities, and available-for-sale debt securities charged against
the allowances for credit losses on loans and leases held
Schedule HI-B
FR Y-9C
March 2019
Schedule HI-B
for investment, held-to-maturity debt securities, and
available-for-sale debt securities, respectively, during the
calendar year-to-date. The amount reported in column A
of this item must equal Schedule HI-B, part I, item 9,
column A, “Total” charge-offs, less Schedule HI-B,
part II, item 4, column A, “LESS: Write-downs arising
from transfers of financial assets.”
Line Item 4 LESS: Write-downs arising from
transfers of financial assets.
Holding companies that have not adopted ASU 2016-13,
report in column A of this item the write-downs to fair
value charged against the allowance for loan and lease
losses resulting from transfers of loans and leases to a
held-for-sale account during the calendar year-to-date
that occurred when:
(1) the reporting holding company decided to sell loans
and leases that were not originated or otherwise
acquired with the intent to sell, and
(2) the fair value of those loans and leases had declined
for any reason other than a change in the general
market level of interest or foreign exchange rates.
Holding companies that have adopted ASU 2016-13,
report in columns A, B, and C the amounts of writedowns to fair value charged against the allowances for
credit losses on loans and leases held for investment,
held-to-maturity debt securities, and available-for-sale
debt securities, respectively, resulting from transfers of
loans and leases to a held-for-sale account (resulting
from the events described above), or transfers of held-tomaturity debt securities and available-for-sale debt securities between held-to-maturity, available-for-sale, and
trading accounts during the calendar year-to-date.
Line Item 5 Provision for credit losses.
Holding companies that have not adopted ASU 2016-13,
report in column A of this item the amount expensed as
the provision for loan and losses during the calendar year
to date. The provision for loan and lease losses represents
the amount needed to make the allowance for loan and
lease losses adequate to absorb estimated loan and lease
losses, based upon management’s evaluation of the
bank’s current loan and lease exposures. The amount
reported in this item must equal Schedule HI, item 4. If
the amount reported in this item is negative, report it with
a minus (-) sign.
FR Y-9C
Schedule HI-B
March 2021
For holding companies that have adopted ASU 2016-13,
report in columns A, B, and C the amounts expensed as
provisions for credit losses (or reversals of provisions) on
loans and leases held for investment, held-to-maturity
debt securities, and available-for-sale debt securities,
respectively, during the calendar year-to-date. Provisions
for credit losses (or reversals of provisions) on loans and
leases held for investment and held-to-maturity debt
securities represent the amounts necessary to adjust the
related allowances for credit losses at the quarter-end
report date for management’s current estimate of expected
credit losses on these assets. Provisions for credit losses
(or reversals of provisions) on available-for-sale debt
securities represent changes during the calendar year to
date in the amount of impairment related to credit losses
on individual available-for-sale debt securities. The sum
of the amounts reported in item 5, columns A through C,
plus Schedule HI-B, Part II, Memorandum items 5,
“Provisions for credit losses on other financial assets
measured at amortized cost,” and 7, “Provisions for
credit losses on off-balance-sheet credit exposures,” must
equal Schedule HI, item 4. If the amount reported in
column A, B, or C for this item is negative, report it with
a minus (-) sign.
Line Item 6 Adjustments.
Report all activity in the allowance for loan and lease
losses or the allowances for credit losses, as applicable,
that cannot be properly reported in Schedule HI-B,
Part II, items 2 through 5, above.
If the reporting holding company was acquired in a
transaction that became effective during the year-to-date
reporting period, retained its separate corporate existence, and elected to apply pushdown accounting in its
separate financial statements:
• A reporting holding company that has not adopted
ASU 2016-13 should report in column A of this item as
a negative amount the balance of the allowance for
loan and lease losses most recently reported for the end
of the previous calendar year, as reported in Schedule HI-B, Part II, item 1, column A, above.
• A reporting holding company that has adopted ASU
2016-13 should report as negative amounts in columns A, B, and C of this item the balances of the
allowances for credit losses on loans and leases held
for investment, held-to-maturity debt securities, and
available-for-sale debt securities, respectively, most
HI-B-7
Schedule HI-B
recently reported for the end of the previous calendar
year in Schedule HI-B, Part II, item 1, columns A, B,
and C, above. In addition, when applying pushdown
accounting, for those financial assets that management
has determined to be purchased credit-deteriorated as
of the institution’s acquisition date, the holding company should report as positive amounts in columns A,
B, and C of this item, as appropriate, the initial
allowance gross-up amounts established as of the
acquisition date, which are recorded as an addition to
the acquisition-date fair values of these purchased
credit-deteriorated assets to determine their initial
amortized cost basis.
If the holding company entered into a transaction between
entities under common control that became effective
during the year-to-date reporting period and has been
accounted for at historical cost in a manner similar to a
pooling of interests, and that have not adopted ASU
2016-13, report in Column A of this item the balance as
of the end of the previous calendar year of the allowance
for loan and lease losses of the business that was
combined in the common control transaction. Holding
companies that have adopted ASU 2016-13 should report
in columns A, B and C of this item the balance as of the
end of the previous calendar year of the allowances for
credit losses of the institution or other business that
combined with the reporting institution in the common
control transaction.
For holding companies with foreign offices that have not
adopted ASU 2016-13, report any increases or decreases
resulting from the translation into dollars of any portions
of the allowance for loan and lease losses that are
denominated in a foreign currency. Holding companies
that have adopted ASU 2016-13, report in the appropriate
column for this item any increases or decrease resulting
from the translation into dollars of any portions of the
allowances for credit losses which are denominated in a
foreign currency.
In addition, holding companies that have adopted ASU
2016-13 report in columns A, B and C of this item,
changes in allowance amounts from initially applying
ASU 2016-13 to loans and leases held for investment,
held-to-maturity debt securities, and available-for-sale
debt securities as of the beginning of the fiscal year in
which the institution adopts this ASU. The changes in
allowance amounts include:
HI-B-8
• The initial allowance gross-up amounts for any purchased credit impaired assets held as of the effective
date of ASU 2016-13 that, in accordance with the
ASU, are deemed purchased credit-deteriorated assets
as of that date; and
• The calendar year-to-date initial gross-up amounts
recognized upon the acquisition of purchased creditdeteriorated assets on or after the effective date.
If the amount reported in this item is negative, report with
a minus (-) sign.
Line Item 7 Balance at end of current period.
Report in columns A, B and C the sum of items 1, 2, 5,
and 6, less items 3 and 4. The amount reported in
column A must equal the amount reported in Schedule HC, item 4(c).
Memo items 1, 2, 3 and 4 are to be completed by holding
companies with $5 billion or more in total assets.
Memoranda
Line Item M1 Allocated transfer risk reserve
included in Schedule HI-B, part II, item 7,
column A.
Report the amount of any allocated transfer risk reserve
related to loans and leases that the reporting holding
company is required to establish and maintain that the
holding company has included in the end-of-period balance of the allowance for loan and lease losses reported
in Schedule HI-B, part II, item 7, column A, above and in
Schedule HC, item 4(c).
Line Item M2 Separate valuation allowance for
uncollectible retail credit card fees and finance charges.
This item is to be completed by (1) holding companies
that, together with affıliated institutions, have outstanding credit card receivables that exceed $500 million as of
the report date or (2) holding companies that on a
consolidated basis are credit card specialty holding
companies.
Outstanding credit card receivables are the sum of:
(a) Schedule HC-C, item 6(a), column A;
(b) Schedule HC-S, item 1, column C; and
(c) Schedule HC-S, item 6(a), column C.
Schedule HI-B
FR Y-9C
June 2021
Schedule HI-B
Credit card specialty holding companies are defined as
those holding companies that on a consolidated basis
exceed 50 percent for the following two criteria:
(a) the sum of credit card loans (Schedule HC-C,
item 6(a), column A) plus securitized and sold
credit card receivables (Schedule HC-S, item 1,
column C) divided by the sum of total loans
(Schedule HC-C, item 12, column A) plus securitized and sold credit card receivables (Schedule
HC-S, item 1, column C); and
Outstanding credit card receivables are the sum of:
(a) Schedule HC-C, item 6(a), column A;
(b) Schedule HC-S, item 1, column C; and
(c) Schedule HC-S, item 6(a), column C.
Credit card specialty holding companies are defined as
those holding companies that on a consolidated basis
exceed 50 percent for the following two criteria:
(b) the sum of total loans (Schedule HC-C, item 12,
column A) plus securitized and sold credit card
receivables (Schedule HC-S, item 1, column C)
divided by the sum of total assets (Schedule HC,
item 12) plus securitized and sold credit card
receivables (Schedule HC-S, item 1, column C).
(a) the sum of credit card loans (Schedule HC-C,
item 6(a), column A) plus securitized and sold
credit card receivables (Schedule HC-S, item 1,
column C) divided by the sum of total loans
(Schedule HC-C, item 12, column A) plus securitized and sold credit card receivables (Schedule
HC-S, item 1, column C); and
Holding companies that have not adopted ASU-2016-13,
report the amount of any valuation allowance or contraasset account that the holding company maintains separate from the allowance for loan and lease losses to
account for uncollectible fees and finance charges on
credit cards (as defined for Schedule HC-C, item 6(a).
(b) the sum of total loans (Schedule HC-C, item 12,
column A) plus securitized and sold credit card
receivables (Schedule HC-S, item 1, column C)
divided by the sum of total assets (Schedule HC,
item 12) plus securitized and sold credit card
receivables (Schedule HC-S, item 1, column C).
Holding companies that have adopted ASU 2016-13,
report the amount of any valuation allowance or contraasset account that the bank maintains separate from the
allowance for credit losses on loans and leases to account
for uncollectible fees and finance charges on credit cards
(as defined for Schedule HC-C, item 6(a)).
Holding companies that have not adopted ASU 2016-13,
report in this item the amount of the allowance for loan
and lease losses that is attributable to outstanding fees
and finance charges on credit cards (as defined for
Schedule HC-C, item 6(a). This amount is a component
of the amount reported in Schedule HC, item 4(c), and
Schedule HI-B, part II, item 7, column A.
This memorandum item is only applicable to those
holding companies that maintain an allowance or contraasset account separate from the allowance for loan and
lease losses. Do not include in this item the amount of
any valuation allowance established for impairment in
retained interests in accrued interest receivable related to
securitized credit cards.
Line Item M3 Amount of allowance for loan and
lease losses attributable to retail credit card fees
and finance charges.
This item is to be completed by (1) holding companies
that, together with affıliated institutions, have outstanding credit card receivables that exceed $500 million as of
the report date or (2) holding companies that on a
consolidated basis are credit card specialty holding
companies.
FR Y-9C
Schedule HI-B
March 2019
Holding companies that have adopted ASU 2016-13,
report in this item the amount of the allowance for credit
losses on loans and leases that is attributable to outstanding fees and finance charges on credit cards (as defined
for Schedule HC-C, item 6(a). This amount is a component of the amount reported in Schedule HC, item 4(c),
and Schedule HI-B, part II, item 7, column A.
Do not include in this item the amount of any valuation
allowance established for impairment in retained interests in accrued interest receivable related to securitized
credit cards.
Note: Memorandum item 4 is to be completed only by
holding companies that have not adopted ASU 2016-13.
Holding companies that have adopted ASU 2016-13
should leave this item blank.
HI-B-9
Schedule HI-B
Line Item M4 Amount of allowance for
post-acquisition losses on purchased impaired loans
accounted for in accordance with FASB ASC 310-30
(former AICPA Statement of Position 03-3).
Report in this item the amount of any valuation allowances established after acquisition for decreases in cash
flows expected to be collected on purchased impaired
loans reported as held for investment in Schedule HC,
item 4(b), and accounted for in accordance with ASC
Subtopic 310-30, Receivables – Loans and Debt Securities Acquired with Deteriorated Credit Quality (formerly
AICPA Statement of Position 03-3, Accounting for Certain Loans or Debt Securities Acquired in a Transfer).
These post-acquisition allowances should be included in
the holding company’s allowance for loan and lease
losses as reported in Schedule HC, item 4(c), and Schedule HI-B, part II, item 7. Under ASC Subtopic 310-30,
for a purchased credit-impaired loan accounted for individually (and not accounted for as a debt security), if,
upon evaluation subsequent to acquisition, it is probable
based on current information and events, that the holding
company is unable to collect all cash flows expected at
acquisition (plus additional cash flows expected to be
collected arising from changes in estimate after acquisition) the purchased credit-imparied loan should be considered impaired for purposes of establishing an allowance pursuant to ASC Subtopic 450-20, Contingencies –
Loss Contingencies (formerly FASB Statement No. 5,
Accounting for Contingencies) or ASC Topic 310, Receivables (formerly FASB Statment No. 114, Accounting by
Creditors for Impairment of a Loan), as appropriate. For
purchased credit-impaired loans with common risk characteristics that are aggregated and accounted for as a
pool, this impairment analysis should be performed
subsequent to acquisition at the pool level as a whole and
not at the individual loan level.
NOTE: Memorandum items 5 and 6 are to be completed
only by holding companies that have adopted ASU
2016-13. Holding companies that have not adopted ASU
2016-13 should leave this item blank.
Line Item M5 Provisions for credit losses on
other financial assets measured at amortized cost
(not included in HI-B Part II, item 5, columns A
through C, above).
loans, leases, held-to-maturity debt securities and
available-for-sale debt securities.
Provisions for credit losses (or reversals of provisions) on
these other financial assets measured at amortized cost
represent the amounts necessary to adjust the related
allowances for credit losses at the quarter-end report date
for management’s current estimate of expected credit
losses on these assets.
Exclude provisions for credit losses on off-balance sheet
credit exposures, which are reported in Schedule HI-B,
Part II, Memorandum item 7, below.
Line Item M6 Allowances for credit losses on
other financial assets measured at amortized cost
(not included in HI-B Part II, item 7, columns A
though C above).
Report in this line item total allowances related to credit
losses on financial assets measured at amortized cost
other than loans, leases, held-to-maturity debt securities
and available-for-sale debt securities that are associated
with the provisions reported in Memorandum item 5,
above.
Exclude the allowance for credit losses on off-balance
sheet credit exposures, which is reported in Schedule HC-G, item 3.
Line Item M7 Provisions for credit losses on
off-balance sheet credit exposures.
Report in this item the year-to-date amount of provisions
for credit losses (or reversals of provisions) on off
balance-sheet credit exposures included in the amount
reported in Schedule HI, item 4. Provisions for credit
losses (or reversals of provisions) on off-balance-sheet
credit exposures represent the amounts necessary to
adjust the related allowance for credit losses at the
quarter-end report date for management’s current estimate of expected credit losses on these exposures.
Line Item M8 Estimated amount of expected
recoveries of amounts previously written off
included within the allowance for credit losses on
loans and leases held for investment (included in
item 7, column A, “Balance end of current period”).
Report in this line item provisions related to allowances
for credit losses on financial assets measured at amortized cost, included in Schedule HI, item 4, other than
HI-B-10
Schedule HI-B
FR Y-9C
March 2019
Schedule HI-B
Report in this item the estimated amount of expected
recoveries of amounts previously written off1 included
within the allowance for credit losses on loans and leases
held for investment. This item applies to loans and leases
held for investment, including purchased credit deteriorated loans held for investment, and does not apply to
held-to-maturity debt securities or available-for-sale debt
securities.
Expected recoveries of amounts previously written off
shall be included in the allowance for credit losses and
1. The term ″written off″ as used in ASU 2016-13 and in the instructions for this item is used interchangeably with the term ″charged off,″
which is used elsewhere in the FR Y-9C instructions.
FR Y-9C
Schedule HI-B
March 2021
shall not exceed the aggregate of amounts previously
written off and expected to be written off by an institution. However, exclude from this item the estimated
amount of expected recoveries of amounts expected to be
written off included in the allowance for credit losses.
In accordance with ASU 2016-13, estimated expected
recoveries are a component of management’s estimation
of the net amount expected to be collected for a financial
asset or a pool of financial assets if an institution can
support an estimate of expected recoveries for a pool of
unsecured loans, each of which was deemed uncollectible and fully written off on an individual asset basis, the
institution reduces the allowance for credit losses by the
institution’s estimate of recoveries expected on a
pool basis.
HI-B-11
LINE ITEM INSTRUCTIONS FOR
Disaggregated Data on the Allowance
for Loan and Lease Losses
Schedule HI-C
General Instructions
Part I. Disaggregated Data on the Allowance for Loan
and Lease Losses of this schedule is to be completed only
by holding companies with total assets of $5 billion or
more, and that have not adopted Accounting Standards
Update, No. 2016-13 (ASU 2016-13), which governs the
accounting for credit losses. Institutions that have adopted
ASU 2016-13 leave the data items blank on Part I.
Part II. Disaggregated Data on Allowances for Credit
Losses is to be completed by institutions that have
adopted ASU 2016-13. Holding companies that have not
adopted ASU 2016-13 leave the data items blank on
Part II. However, holding companies under $5 billion in
total assets that have not adopted ASU 2016-01 (and
chose not to report on HI-C Part I) may report their
condensed data in HI-C Part II (see details below).
Holding companies with less than $5 billion in total
assets: Holding companies with less than $5 billion in
total assets that have not adopted the ASU 2016-13 (and
chose not to report on HI-C Part I) may report the
condensed disaggregated data on the allowance for Loan
and Lease Losses in Schedule HI-C Part II in data items 1
through 6 instead of HI-C Part I, semiannually in June
and December. Holding companies with less than $5 billion in total assets that have adopted ASU 2016-13 will
report HI-C part II, data items 1-11, semiannually in June
and December.
Part I. Disaggregated Data on the Allowance
for Loan and Lease Losses
General Instructions for Part I
This schedule has six columns for the disclosure by
portfolio category of the balance in the allowance for
loan and lease losses at the end of each quarter disaggregated on the basis of the reporting institution’s impairment method and the related recorded investment in
FR Y-9C
Schedule HI-C December 2020
loans (and, as applicable, leases) held for investment
(excluding loans held for investment that the institution
has elected to report at fair value under a fair value
option) disaggregated in the same manner: two columns
for information on loans individually evaluated for
impairment, two columns for information on loans and
leases collectively evaluated for impairment, and two
columns for purchased credit-impaired loans. For further
information on loan impairment methods, see the Glossary entries for “loan impairment” and “purchased
impaired loans and debt securities.”
Loans and leases held for investment are loans and leases
that the institution has the intent and ability to hold for
the foreseeable future or until maturity or payoff.
The loan and lease portfolio categories for which allowance and related recorded investment amounts are to be
reported in Schedule HI-C, Part I, represent general
categories rather than the standardized loan categories
defined in Schedule HC-C, Part I, Loans and Lease
Financing Receivables. Based on the manner in which it
segments its portfolio for purposes of its allowance
methodology, each institution should report each component of the overall allowance reported in Schedule HC,
item 4(c), and the recorded investment in the related
loans and leases in the Schedule HI-C, Part I, general
loan category that best corresponds to the characteristics
of the related loans and leases.1 The sum of the recorded
investment amounts reported in Schedule HI-C, Part I,
1. 1. For example, based on its allowance methodology, one institution’s allowance components for credit cards might relate to both consumer and business credit card receivables, but another institution’s allowance components for credit cards might relate only to consumer credit card
receivables.
As another example, based on its allowance methodology, one institution might include its loans secured by farmland in its allowance components for commercial real estate loans, but another institution might
include its loans secured by farmland in its allowance components for
commercial loans.
HI-C-1
Schedule HI-C
(plus the fair value of loans held for investment for which
the fair value option has been elected) must equal the
balance sheet amount of held-for-investment loans and
leases reported in Schedule HC, item 4(b), “Loans and
leases, held for investment.” Thus, the recorded investment amounts reported in columns A, C, and E of
Schedule HI-C must be net of unearned income.
Column Instructions
Columns A and B: For each of the specified general
categories of loans held for investment, report in column
A the recorded investment in individually evaluated
loans that have been determined to be impaired as
defined in ASC Subtopic 310-10, Receivables - Overall
(formerly FASB Statement No. 114, Accounting by
Creditors for Impairment of a Loan, as amended), including all loans restructured in troubled debt restructurings,
and report in column B the balance of the allowance for
loan and lease losses attributable to these individually
impaired loans measured in accordance with ASC Subtopic 310-10.
Columns C and D: For each of the specified general
categories of loans and leases held for investment, report
in column C the recorded investment in loans and leases
that have been collectively evaluated for impairment in
accordance with ASC Subtopic 450-20, Contingencies Loss Contingencies (formerly FASB Statement No. 5,
Accounting for Contingencies) and report in column D
the balance in the allowance for loan and lease losses
attributable to these collectively evaluated loans and
leases measured in accordance with ASC Subtopic 45020. Report in column D any unallocated portion of the
allowance for loan and lease losses for loans collectively
evaluated for impairment. Include in column C the
recorded investment in any loans held for investment not
individually determined to be impaired that do not have a
balance in the allowance for loan and lease losses
attributable to them.
Columns E and F: For each of the specified general
categories of loans held for investment, report in column
E the recorded investment in purchased credit-impaired
loans as defined in ASC Subtopic 310-30, Receivables Loans and Debt Securities Acquired with Deteriorated
Credit Quality (formerly AICPA Statement of Position
03-3, Accounting for Certain Loans or Debt Securities
Acquired in a Transfer) and report in column F the
balance in the allowance for loan and lease losses
HI-C-2
attributable to these purchased credit-impaired loans
measured in accordance with ASC Subtopic 310-30.
Line Item 1 Real estate loans.
Line Item 1(a)
Construction loans.
Report in the appropriate column, disaggregated on the
basis of impairment method, the balance in the allowance
for loan and lease losses for and the related recorded
investment in held-for-investment construction loans.
Exclude loans that the institution has elected to report at
fair value under a fair value option.
Line Item 1(b) Commercial real estate loans.
Report in the appropriate subitem and column, disaggregated on the basis of impairment method, the balance in
the allowance for loan and lease losses for and the related
recorded investment in held-for-investment commercial
real estate loans. Exclude loans that the institution has
elected to report at fair value under a fair value option.
Line Item 1(c) Residential real estate loans.
Report in the appropriate column, disaggregated on the
basis of impairment method, the balance in the allowance
for loan and lease losses for and the related recorded
investment in residential real estate loans. Exclude loans
that the institution has elected to report at fair value under
a fair value option.
Line Item 2 Commercial loans.
Report in the appropriate column, disaggregated on the
basis of impairment method, the balance in the allowance
for loan and lease losses for and the related recorded
investment in all held-for-investment commercial loans.
For purposes of this item, commercial loans include all
loans and leases not reported as real estate loans, credit
cards, or other consumer loans. Exclude loans that the
institution has elected to report at fair value under a fair
value option.
Line Item 3 Credit cards.
Report in the appropriate column, disaggregated on the
basis of impairment method, the balance in the allowance
for loan and lease losses for and the related recorded
investment in all held-for-investment extensions of credit
arising from credit cards. Exclude loans that the institution has elected to report at fair value under a fair value
option.
Schedule HI-C
FR Y-9C
March 2018
Schedule HI-C
Line Item 4 Other consumer loans.
Report in the appropriate column, disaggregated on the
basis of impairment method, the balance in the allowance
for loan and lease losses for and the related recorded
investment in all held-for-investment consumer loans
other than credit cards. Exclude loans that the institution
has elected to report at fair value under a fair value
option.
Line Item 5 Unallocated, if any.
Report in column D the amount of any unallocated
portion of the allowance for loan and lease losses for
loans collectively evaluated for impairment. A holding
company is not required to have an unallocated portion of
the allowance.
Line Item 6 Total.
For each column in Schedule HI-C, Part I, report the sum
of items 1 through 5.
The sum of the amounts reported in Schedule HI-C,
item 6, columns B, D, and F must equal Schedule HC,
Part I, item 4(c), “Allowance for loan and lease losses.”
The amount reported in Schedule HI-C, item 6, column E, must equal Schedule HC-C, Part I, Memorandum
item 5.b, ‘‘Amount included in Schedule HC-C, items 1
through 9.’’
The amount reported in Schedule HI-C, Part I, item 6,
column F, must equal Schedule HI-B, part II, Memorandum item 4, ‘‘Amount of allowance for post-acquisition
credit losses on purchased credit-impaired loans accounted
for in accordance with FASB ASC 310-30.’’
The sum of the amounts reported in Schedule HI-C,
Part I, item 6, columns A, C, and E, plus the amount
reported in Schedule HC-Q, item 4, column A, ‘‘Total
fair value reported on Schedule HC’’ for loans and leases
held for investment, must equal Schedule HC, item 4(b),
“Loans and leases, held for investment.”
Part II. Disaggregated Data on the
Allowances for Credit Losses
General Instructions for Part II
Part II, items 1 through 6, of this schedule have two
columns for the disclosure of disaggregated information
by portfolio category on the amortized cost basis (and
recorded investment for holding companies with less
FR Y-9C
Schedule HI-C
December 2020
than $5 billion in total assets that have not adopted ASU
2016-13) of held-for-investment loans and leases and the
related balance in the allowance for credit losses on loans
and leases at the end of each quarter (excluding loans
held for investment that the institution has elected to
report at fair value under a fair value option).
Part II, items 7 through 11, of this schedule provide for
the disclosure of information on the allowance for credit
losses on held-to-maturity debt securities disaggregated
by portfolio category at the end of each quarter.
All holding companies that have adopted ASU 2016-13
should report HI-C Part II, Disaggregated Data on the
Allowances for Credit losses, items 1 through 11.
Holding companies that have total assets less than $5 billion and have adopted ASU 2016-03 should report
Disaggregated Data on the Allowances for Credit losses,
items 1 through 11, semiannually in June and December.
Holding companies with less than $5 billion in total
assets that have not adopted ASU 2016-13 may report
report the condensed disaggregated data on the allowance for loan and lease losses in data items 1 through 6
on HI-C Part II only, semiannually in June and December
instead of the detail on HI-C, Part I. Such holding
companies should report the recorded investment in
column A (not amortized cost) and the related balance in
the allowance for loan losses for such loans in column B
and should leave data items 7 through 11 blank. For more
information on the recorded investment, refer to columns A, C and E of Schedule HI-C Part I.
All other holding companies with $5 billion or more in
total assets that have not adopted ASU 2016-13 should
complete only Schedule HI-C, Part I, Disaggregated Data
on the Allowance for Loans and Leases, and should leave
the data items reported in Part II blank.
Item Instructions
Item No.
Caption and Instructions
1 to 6
General Instructions for Loans and Leases,
Held for Investment: The loan and lease
portfolio categories for which allowance and
related amortized cost (and recorded investment for holding companies with less than
$5 billion in total assets that have not adopted
ASU 2016-13) amounts are to be reported in
Schedule HI-C, part II, represent general
HI-C-3
Schedule HI-C
categories rather than standardized loan categories defined in Schedule HC-C, Loans and
Leases. Based on the manner in which it
segments its portfolio for purposes of applying its allowance methodology, each holding
company should report each component of
the overall allowance reported in Schedule
HC, item 4(c), and the amortized cost in the
related loans and leases in the Schedule HI-C
general loan category that best corresponds
to the characteristics of the related loans and
leases.2
losses measured in accordance with ASC
Subtopic 326-20.
1
Real estate loans:
1(a)
Construction loans. Report in column A the
amortized cost basis in held-for-investment
construction loans and in column B the
related balance in the allowance for credit
losses for such loans. Exclude loans that the
holding company has elected to report at fair
value under a fair value option.
1(b)
Commercial real estate loans. Report in
column A the amortized cost basis in heldfor-investment commercial real estate loans
and in column B the related balance in the
allowance for credit losses for such loans.
Exclude loans that the holding company has
elected to report at fair value under a fair
value option.
1(c)
Residential real estate loans. Report in column A the amortized cost basis in held for
investment residential real estate loans and in
column B the related balance in the allowance for credit losses for such loans. Exclude
loans that the holding company has elected to
report at fair value under a fair value option.
2
For each of the specified general categories
of loans and leases held for investment, report
in column B, “Allowance Balance,” the
related balance of the allowance for credit
Commercial loans. Report in column A the
amortized cost basis in all held for investment commercial loans and in column B the
related balance in the allowance for credit
losses for such loans. For purposes of this
item, commercial loans include all loans and
leases not reported as real estate loans, credit
cards, or other consumer loans in the other
items reported in Schedule HI-C. Exclude
loans that the holding company has elected to
report at fair value under a fair value option.
3
2. For example, based on its allowance methodology, one holding
company’s allowance components for credit cards might relate to both
consumer and business credit card receivables, but another holding company’s allowance components for credit cards might relate only to consumer credit card receivables.
As another example, based on its allowance methodology, one holding
company might include its loans secured by farmland in its allowance
components for commercial real estate loans, but another holding company
might.
Credit cards. Report in column A the amortized cost basis in all held for investment
extensions of credit arising from credit cards
and in column B the related balance in the
allowance for credit losses for such extensions of credit. Exclude loans that the holding
company has elected to report at fair value
under a fair value option.
4
Other consumer loans. Report in column A
Loans and leases held for investment are
loans and leases that the holding company
has the intent and ability to hold for the
foreseeable future or until maturity or payoff.
For each of the specified general categories
of loans and leases held for investment, report
in column A, “Amortized Cost”, the amortized cost basis (and recorded investment for
holding companies with less than $5 billion
in total assets that have not adopted ASU
2016-13) of all loans and leases held for
investment. The sum of the amortized cost
amounts reported in Schedule HI-C, Part II,
item 6, Column A, “Total” plus the fair value
of loans held for investment reported on
Schedule HC-Q, item 4, column A, for which
the fair value option has been elected must
equal the balance sheet amount of held-forinvestment loans and leases reported in Schedule HC, item 4(b), “Loans and leases held for
investment.” Thus, the amortized cost
amounts reported in columns A must be net
of unearned income.
HI-C-4
Schedule HI-C
FR Y-9C
December 2019
Schedule HI-C
the amortized costs basis in all held-forinvestment consumer loans other than credit
cards and in column B the related balance in
the allowance for credit losses for such loans.
Exclude loans that the institution has elected
to report at fair value under a fair value
option.
5
6
7 to 11
FR Y-9C
Schedule HI-C
Unallocated, if any. Report the amount of
any unallocated portion of the allowance for
credit losses. A holding company should
only have an unallocated portion of its allowance for credit losses that is appropriately
supported and documented, and such an
amount would be acceptable as part of management’s best estimate of current expected
credit losses.
Total. Report the sum of items 1(a)
through 5. The total of column A plus the
amount reported in Schedule HC-Q, item 4,
column A, “Total fair value reported on
Schedule HC” for loans and leases held for
investment, must equal Schedule HC,
item 4(b), “Loans and leases held for
investment.” Total of column B must equal
Schedule HC, item 4(c), “Allowance for
loan and lease losses.”
General Instructions for Held-ToMaturity Securities: For each of the specified general categories of held-to-maturity
debt securities, report the balance of the
allowance for credit losses attributable to
these securities measured in accordance with
ASC Subtopic 326-20. The amounts of the
allowance for credit losses reported in items
7 through 10 should directly correspond to
the securities categories defined in Schedule
HC-B as noted below.
March 2019
7
Securities issued by states and political
subdivisions in the U.S. Report the allowance for credit losses on held-to-maturity
debt securities that have been issued by states
and political subdivisions in the U.S. The
amount reported in this line item represents
the allowance for credit losses for the amortized cost of the same debt securities category reported in line item 3, column A on
Schedule HC-B.
8
Mortgage-backed securities (MBS) (including CMOs, REMICs and stripped MBS):
Report the allowance for credit losses on
held-to-maturity mortgage-backed securities.
The Amount reported in this line item represents the allowance for credit losses for the
amortized cost of the same debt securities
categories reported in line items 4(a)(1),
4(a)(2), 4(a)(3), 4(b)(1), 4(b)(2), 4(b)(3),
4(c)(1)(a), 4(c)(1)(b), 4(c)(2)(a) and
4(c)(2)(b), column A on Schedule HC-B.
9
Asset-backed securities and structured
financial products. Report the allowance for
credit losses on held-to-maturity asset-backed
securities and structured financial products.
The amount reported in this line item represents the allowance for credit losses for the
amortized cost of the same debt securities
categories reported in line items 5(a) and
5(b), column A on Schedule HC-B.
10
Other debt securities. Report the allowance
for credit losses on held-to-maturity other
debt securities not reported in items 7 to 9.
11
Total. Report the sum of items 7 through 10.
The sum of the amounts reported in item 11,
“Total” should equal the amount reported in
Schedule HI-B, Part II, column B, item 7,
“Balance end of current period”.
HI-C-5
LINE ITEM INSTRUCTIONS FOR
Notes to the Income Statement
Predecessor Financial Items
General Instructions
This one-time reporting schedule is event-driven. An
event for reporting the income statement items below is
defined as a business combination that occurred during
the quarter (that is, the holding company consummated a
merger or acquisition within the quarter). Complete this
schedule only if the combined assets of the acquired
entity(ies) are at least equal to $10 billion or 5 percent of
the reporting holding company’s total consolidated assets
at the previous quarter-end, whichever is less.
Report in accordance with these instructions the selected
income statement information for any acquired company(ies), the predecessor, as described above. The information should be reported year to date of acquisition, that
is, from January 1 of the current year to the last day prior
to the acquisition date.
Only a single schedule should be completed with aggregated information for all entities acquired during the
quarter. The combined assets of these firms should at
least equal $10 billion or 5 percent of the respondent’s
total consolidated assets at the previous quarter-end,
whichever is less.
first day of the quarter were FR Y-9C filers as of the prior
quarter.
The line item instructions should be read in conjunction
with the instructions for Schedule HI, ‘‘Consolidated
Report of Income.’’
Line Item 1 Total interest income.
Report the total interest income of the acquired company
for the year to date of acquisition.
Include as interest income:
(1) Interest and fee income on loans;
(2) Income from lease financing receivables;
(3) Interest income on balances due from depository
institutions;
(4) Interest and dividend income on securities;
(5) Interest income from trading assets; and
(6) All other interest income.
Line Item 1(a) Interest income on loans and
leases.
The reporting holding company may report the items
below, net of merger-related adjustments, if any.
Report the amount of interest income on loans and leases.
In the unlikely event that only a portion of a firm was
purchased and actual financial statements for the acquired
operations are not readily available, the reporting holding
company may provide estimates in lieu of inaccessible
actual data.
(1) All interest, fees, and similar charges levied against
or associated with all assets reportable as loans as
defined in Schedule HC-C, items 1 through 9; and
If a single transaction business combination occurred
where the acquiree was another holding company that
filed the FR Y-9C in the preceding quarter, and the
combination occurred on the first day of the quarter, that
event is exempt from being reported on this schedule.
This exemption also applies if all entities acquired on the
FR Y-9C
Predecessor Financial Items March 2013
Include as interest income on loans and leases:
(2) Income from direct financing and leveraging leases
as defined in Schedule HC-C, item 10.
Line Item 1(b) Interest income on investment
securities.
Report all income on assets that are reportable as securities as defined in Schedule HC-B.
ISnotes-P-1
Predecessor Financial Items
(2) Income from mortgage-backed securities; and
lease portfolio. Holding companies that have adopted
ASU 2016-13, report the provision for credit losses (as
defined in HI, item 4). Also include in this item any
provision for allocated transfer risk related to loans and
leases. Report negative amounts with a minus (-) sign.
(3) Income from all other securities.
Line Item 5 Total noninterest income.
Line Item 2 Total interest expense.
Report the total noninterest income of the acquired
company for the year to date of acquisition.
Include as interest income on investment securities:
(1) Income from U.S. Treasury securities and U.S. government agency obligations;
Report the total interest expense of the acquired company
for the year to date of acquisition.
Include as noninterest income:
Include as interest expense:
(1) Income from fiduciary activities;
(1) Interest on deposits;
(2) Service charges on deposit accounts in domestic
offices;
(2) Expense on federal funds purchased and securities
sold under agreements to repurchase;
(3) Trading revenue;
(3) Interest on trading liabilities and other borrowed
money;
(4) Investment banking, advisory, brokerage and underwriting fees and commissions;
(4) Interest on subordinated notes and debentures and on
mandatory convertible securities; and
(5) Venture capital revenue;
(5) All other interest expense.
(6) Net servicing fees;
(7) Net securitization income;
Line Item 2(a) Interest expense on deposits.
(8) Insurance commissions and fees;
Report all interest expense, including amortization of the
cost of merchandise or property offered in lieu of interest
payments, on deposits as defined in Schedule HC, item
13(a)(2) and 13(b)(2).
(9) Net gains (losses) on sales of loans and leases;
Include as interest expense on deposits:
(1) Interest on deposits in domestic offices including
interest on time deposits and all other deposits; and
(2) Interest on deposits in foreign offices, Edge and
Agreement subsidiaries, and IBFs.
Line Item 3 Net interest income.
Report the difference between item 1, ‘‘Total interest
income’’ and item 2, ‘‘Total interest expense.’’ If the
amount is negative, report with a minus (-) sign.
Line Item 4 Provision for loan and lease losses.
Holding companies that have not adopted ASU-2016-13,
report the amount the acquired company needed to make
the allowance for loan and lease losses, as defined in
Schedule HC, item 4(c), adequate to absorb expected
loan and lease losses, based upon management’s evaluation of the consolidated holding company’s loan and
ISnotes-P-2
(10) Net gains (losses) on sales of other real estate
owned;
(11) Net gains (losses) on sales of other assets (excluding securities); and
(12) Other noninterest income.
Line Item 5(a) Income from fiduciary activities.
Report gross income from services rendered by the trust
departments of the acquired company’s banking subsidiaries or by any of the acquired company’s consolidated
subsidiaries acting in any fiduciary capacity. Include
commissions and fees on the sales of annuities by these
entities that were executed in a fiduciary capacity.
Exclude commissions and fees received for the accumulation or disbursement of funds deposited to Individual
Retirement Accounts (IRAs) or Keogh Plan accounts
when they were not handled by the trust departments of
the acquired entity’s subsidiary banks.
Leave this item blank if the subsidiary banks of the
acquired company had no trust departments and the
Predecessor Financial Items
FR Y-9C
March 2021
Predecessor Financial Items
acquired company had no consolidated subsidiaries that
rendered services in any fiduciary capacity.
Also include the acquired company’s proportionate share
of the income or loss before discontinued operations
from its investment in:
Line Item 5(b) Trading revenue.
(1) Unconsolidated subsidiaries,
Report the net gain or loss from trading cash instruments
and off-balance-sheet derivative contracts (including
commodity contracts) that was recognized during the
year to date of acquisition.
Include as trading revenue:
(1) Revaluation adjustments to the carrying value of
trading assets and liabilities as defined in Schedule
HC, items 5 and 15, resulting from the periodic
marking to market of such assets and liabilities;
(2) Revaluation adjustments from the periodic marking
to market interest rate, foreign exchange, equity
derivative, and commodity and other contracts as
defined in Schedule HC-L, item 12; and
(3) Incidental income and expense related to the purchase and sale of trading assets and liabilities as
defined in Schedule HC, items 5 and 15, and offbalance-sheet derivative contracts as defined in Schedule HC-L, item 12.
If the amount to be reported in this item is a net loss,
report with a minus (-) sign.
Line Item 5(c) Investment banking, advisory,
brokerage and underwriting fees and commissions.
Report fees and commissions from underwriting (or
participating in the underwriting of) securities, investment advisory and management services, merger and
acquisition services, and other related consulting fees.
Include fees and commissions from securities brokerage
activities, from the sale and servicing of mutual funds,
from the sale of annuities to the acquired company’s
customers by securities brokerage firms, from the purchase and sale of securities and money market instruments where the acquired company was acting as agent
for other banking institutions or customers and from the
lending of securities owned by the predecessor company
or its customers (if these fees and commissions are not
included in Notes to the Income Statement - Predecessor
Financial Items, item 5(a), “Income from fiduciary activities,” or item 5(b), “Trading revenue”).
FR Y-9C
Predecessor Financial Items
September 2016
(2) Associated companies, and
(3) Corporate joint ventures, unincorporated joint ventures, general partnerships, and limited partnerships
over which the acquired company exercised significant influence that were principally engaged in
investment banking, advisory, brokerage or securities
underwriting activities.
Line Item 5(d) Venture capital revenue.
Report as venture capital revenue market value adjustments, interest, dividends, gains, and losses (including
impairment losses) on venture capital investments (loans
and securities).
Also include the acquired company’s proportionate share
of the income or loss before discontinued operations
from its investment in:
(1) Unconsolidated subsidiaries,
(2) Associated companies, and
(3) Corporate joint ventures, unincorporated joint ventures, general partnerships, and limited partnerships
over which the acquired company exercised significant influence that were principally engaged in venture capital activities.
In general, venture capital activities involve the providing of funds, whether in the form of loans or equity, and
technical and management assistance, when needed and
requested, to start-up or high-risk companies specializing
in new technologies, ideas, products, or processes. The
primary objective of these investments is capital growth.
Line Item 5(e) Net securitization income.
Report net gains (losses) on assets sold in securitization
transactions, (i.e., net of transaction costs). Include fees
(other than servicing fees) earned from the acquired
company’s securitization transactions and unrealized
losses (and recoveries or unrealized losses) on loans and
leases held for sale in securitization transactions. Exclude
income from servicing securitized assets and seller’s
interests and residual interests retained by the acquired
company.
ISnotes-P-3
Predecessor Financial Items
Line Item 5(f) Insurance commissions and fees.
Report the amount of premiums earned by holding
company subsidiaries engaged in insurance underwriting
and reinsurance activities, and income from insurance
product sales and referrals, as defined in Schedule HI,
items 5(h)(1) and 5(h)(2).
Line Item 6 Realized gains (losses) on
held-to-maturity and available-for-sale securities.
Report the net gain or loss realized during the year to date
of acquisition from the sale, exchange, redemption, or
retirement of all securities as defined in Schedule HC,
items 2(a) and 2(b). The realized gain or loss is the
difference between the sales price (excluding interest at
the coupon rate accrued since the last interest payment
date, if any) and the amortized cost. Holding companies
that have not adopted ASU-2016-13 also include in this
item other-than-temporary impairments losses on individual available-for-sale securities that must be recognized in earnings. If the amount to be reported in this
item is a net loss, report with a minus (-) sign.
Holding companies that have adopted ASU 2016-13
should adjust the amortized cost for recoveries of any
prior charge-offs when calculating the realized gain or
loss on a security, such that recovery of a previously
charged off amount should be recorded before recognizing the gain. Include in this item any write-off recorded
when the institution intends to sell the debt security, or it
is more likely than not the institution will be required to
sell the security before recovery of its amortized cost
basis.
For holding companies that have adopted FASB Accounting Standards Update No. 2016-01 (ASU 2016-01),
which includes provisions governing the accounting for
investments in equity securities, including investment in
mutual funds, and eliminates the concept of available-forsale equity securities include the amount of realized and
unrealized gains (losses) (and all other value changes) on
equity securities and other equity investments.
Do not adjust for applicable income taxes (income taxes
applicable to gains (losses) on held-to-maturity or
available-for-sale securities are to be reported in item 9,
“Applicable income taxes (on item 8), below).”
Exclude from this item:
(1) Net gains (losses) from the sale of detached securities
coupons and the sale of ex-coupon securities (report
in item 5, ‘‘Total noninterest income,’’ or item 7,
‘‘Total noninterest expense,’’ as appropriate); and
ISnotes-P-4
(2) The change in net unrealized holding gains (losses)
on available-for-sale securities during the year to
date of acquisition.
Line Item 7 Total noninterest expense.
Report the total noninterest expense of the acquired
company for the year to date of acquisition.
Include as noninterest expense:
(1) Salaries and employee benefits;
(2) Expenses of premises and fixed assets;
(3) Goodwill impairment losses;
(4) Amortization expense and impairment losses for
other intangible assets; and
(5) Other noninterest expense.
Line Item 7(a) Salaries and employee benefits.
Report salaries and benefits of all officers and employees
of the acquired company and its consolidated subsidiaries
including guards and contracted guards, temporary office
help, dining room and cafeteria employees, and building
department officers and employees (including maintenance personnel).
Include as salaries and employee benefits:
(1) Gross salaries, wages, overtime, bonuses, incentive
compensation, and extra compensation;
(2) Social security taxes and state and federal unemployment taxes paid by the consolidated acquired company;
(3) Contributions to the consolidated acquired company’s retirement plan, pension fund, profit-sharing
plan, employee stock ownership plan, employee
stock purchase plan, and employee savings plan;
(4) Premiums (net of dividends received) on health and
accident, hospitalization, dental, disability, and life
insurance policies for which the consolidated acquired
company was not the beneficiary;
(5) Cost of office temporaries whether hired directly by
the acquired company or its consolidated subsidiaries
or through an outside agency;
(6) Worker’s compensation insurance premiums;
Predecessor Financial Items
FR Y-9C
March 2019
Predecessor Financial Items
(7) The net cost to the acquired company or its consolidated subsidiaries for employee dining rooms, restaurants, and cafeterias;
(8) Accrued vacation pay earned by employees during
the year to date of acquisition; and
(9) The cost of medical or health services, relocation
programs and reimbursement programs, and other
so-called fringe benefits for officers and employees.
Line Item 7(b) Goodwill impairment losses.
Report any impairment losses recognized during the year
to date of acquisition on goodwill (as defined for Schedule HC, item 10(a)). See Schedule HI, item 7(c)(1) for
further guidance.
Line Item 8 Income (loss) before applicable
income taxes and discontinued operations.
Report the consolidated acquired company’s pretax operating income. This amount will generally be determined
by taking item 1, minus the sum of item 2 and item 4,
plus item 5, plus or minus item 6, minus item 7. If the
result is negative, report with a minus (-) sign.
Include tax benefits from operating loss carrybacks realized during the reporting period up to acquisition date. If
the consolidated acquired company had realized tax
benefits from operating loss carryforwards during this
period, do not net the dollar amount of these benefits
against the income taxes which would be applicable to
item 8. Report the dollar amount of income taxes applicable to item 8 in this item and report the realized tax
benefits of operating loss carryforwards gross in item 11,
‘‘Discontinued operations, net of applicable income taxes
and noncontrolling (minority) interest.”
Also include the dollar amount of any material adjustments or settlements reached with a taxing authority
(whether negotiated or adjudicated) relating to disputed
income taxes of prior years (report in noninterest income
or noninterest expense, as appropriate).
Exclude the estimated federal, state and local, and foreign income taxes applicable to:
(1) Item 11, “Discontinued operations, net of applicable
income taxes and noncontrolling (minority) interest”;
(2) Any changes due to corrections of material accounting errors and changes in accounting principles; and
Line Item 9 Applicable income taxes.
(3) Other comprehensive income.
Report the total estimated federal, state and local, and
foreign income tax expense applicable to item 8, “Income
(loss) before applicable income taxes and discontinued
operations,” including the tax effects of gains (losses) on
securities not held in trading accounts (i.e., held-tomaturity and available-for-sale securities). Include both
the current and deferred portions of these income taxes. If
the amount is a tax benefit rather than tax expense, report
with a minus (-) sign.
Line Item 10 Noncontrolling (minority) interest.
Include as applicable income taxes all taxes based on a
net amount of taxable revenues less deductible expenses.
Exclude from applicable income taxes all taxes based on
gross revenues or gross receipts.
Report the results of discontinued operations, if any, net
of applicable income taxes, as determined in accordance
with the provisions of ASC Subtopic 205-20, Presentation of Financial Statements—Discontinued Operations
(formerly FASB Statement No. 144, “Accounting for the
impairment or Disposal of Long-Lived Assets”). If the
amount reported in this item is a net loss, report with a
minus (-) sign.
Include income tax effects of changes in tax laws or rates.
Also include the effect of changes in the valuation
allowance related to deferred tax assets resulting from a
change in estimate of the realizability of deferred tax
assets, excluding the effect of any valuation allowance
changes related to unrealized holding gains (losses) on
available-for-sale securities that are charged or credited
directly to the separate component of equity capital for
‘‘Accumulated other comprehensive income.’’
FR Y-9C
Predecessor Financial Items
September 2016
Report the noncontrolling (minority) interest in the net
income or loss of the acquired company’s consolidated
subsidiaries.
Line Item 11 Discontinued operations, net of
applicable income taxes and noncontrolling
(minority) interest.
Line Item 12 Net income (loss).
Report the difference between item 8 and the sum of item
9, item 10, and item 11. If the amount is negative, report
with a minus (-) sign.
ISnotes-P-5
Predecessor Financial Items
Line Item 13 Cash dividends declared.
Report all cash dividends declared on common and
preferred stock (including limited-life preferred stock)
during the year to date of acquisition, including dividends not payable until after the acquisition date.
Do not include dividends declared during the previous
calendar year but paid in the current period.
For further information on cash dividends, refer to the
Glossary entry for ‘‘dividends.’’
Line Item 14 Net charge-offs.
Report in this item the difference between gross chargeoffs (loans and leases charged by the acquired company
against the allowance) and recoveries (amounts credited
to the allowance for recoveries on loans and leases
previously charged against the allowance) from January
1 to the last business day prior to the date of the BHC’s
merger with the acquired entity. Include in charged off
loans and leases write-downs to fair value on loans and
leases transferred to the held-for-sale account during the
year to date of acquisition that occurred when (1) the
acquired company decided to sell loans that were not
originated or otherwise acquired with the intent to sell
and (2) the fair value of those loans had declined for any
reason other than a change in the general market level of
interest or foreign exchange rates.
Line Item 15 Net interest income (item 3 above)
on a fully taxable equivalent basis.
Report net interest income (Notes to the Income Statement - Predecessor Financial Items, item 3, “Net interest
income,” above) on a fully taxable equivalent basis. The
amount reported in this item should reflect what net
interest income of the acquired company would have
ISnotes-P-6
been if all its interest income were subject to federal and
state income taxes.
The following accounts, on which the interest income is
fully or partially tax-exempt, should be adjusted to a
“taxable equivalent” basis in order that the acquired
company’s interest income can be computed on a fully
taxable equivalent basis:
(1) Interest income on tax-exempt obligations (other
than securities) of states and political subdivisions in
the U.S. (included in Notes to the Income Statement Predecessor Financial Items, item 1(a), “Interest
income on loans and leases”);
(2) Income on lease financing receivables that is taxexempt (included in Notes to the Income Statement Predecessor Financial Items, item 1(a), “Interest
income on loans and leases”);
(3) Income on tax-exempt securities issued by states and
political subdivisions in the U.S. (included in Notes
to the Income Statement - Predecessor Financial
Items, item 1(b), “Interest income on investment
securities”); and
(4) Any other interest income (such as interest income
earned on loans to an Employee Stock Ownership
Plan), which under state or federal laws is partially or
in its entirety exempt from income taxes.
The changes to the 1986 Tax Reform Act must be taken
into consideration when computing net interest income
on a fully taxable equivalent basis. The 1986 Act, in
general, disallowed 100% of the interest expense allocable to tax-exempt obligations acquired after August 7,
1986. Previous to that date, and after December 31, 1982,
the disallowance percentage was 20%; previous to December 31, 1982, the disallowance was 0%.
Predecessor Financial Items
FR Y-9C
June 2018
LINE ITEM INSTRUCTIONS FOR
Notes to the Income Statement
Other
This section has been provided to allow holding companies that so wish to explain the content of specific items
in the income statement. The reporting holding company
should include any transactions reported on Schedules HI through HI-B that it wishes to explain or that
have been separately disclosed in the holding company’s
quarterly reports to its shareholders, in its press releases,
or on its quarterly reports to the Securities and Exchange
Commission (SEC).
Exclude, however, any transactions that have been separately disclosed under the reporting requirements specified in Memoranda items 6 through 8 to Schedule HI, the
Consolidated Income Statement.
Also include any transactions which previously would
have appeared as footnotes to Schedules HI through
HI-B.
Report in the space provided the schedule and line item
for which the holding company is specifying additional
information, a description of the transaction and, in the
column provided, the dollar amount associated with the
transaction being disclosed.
Adoption of Current Expected Credit
Loss Methodology – ASC Topic 326.
Report in this item the cumulative-effect adjustment for
the changes in the allowances for credit losses, net of any
related deferred tax assets, recognized in retained earnings as of the beginning of the first reporting period in
which the institution adopts ASU 2016-13, which governs the accounting for credit losses. Exclude from this
line item the gross up amounts of purchased credit
impaired assets to purchased credit deteriorated assets.
FR Y-9C
Notes to the Income Statement—Other March 2019
Holding companies that have not adopted ASU 2016-13
should leave this line item blank.
Initial allowances for credit losses
recognized upon the acquisition of
purchased credit-deteriorated assets.
For holding companies that have adopted ASU 2016-13,
report in this item, as a positive number, the initial
allowance for credit losses recognized on purchased
credit-deteriorated assets. This item is applicable both in
the period in which a holding company adopts ASU
2016-13 and in any subsequent periods in which an
holding company acquires purchased credit-deteriorated
assets. Report only the allowance as of the acquisition
date of the PCD assets. Any subsequent changes to the
allowances on purchased credit deteriorated assets would
be reported in Schedule HI-B, Part II in line item 5.
Institutions that have not adopted ASU 2016-13 should
leave this line item blank.
Effect of adoption of current expected
credit losses methodology on allowances
for credit losses on loans and leases held
for investment and held-to-maturity debt
securities.
For holding companies that have adopted ASU 2016-13,
report in this item the change in the amount of allowances from initially applying ASU 2016-13 to these two
categories of assets as of the effective date of the
accounting standard in the period of adoption, including
the initial allowance gross-up for any purchased creditdeteriorated assets held as of the effective date.
ISnotes--1
LINE ITEM INSTRUCTIONS FOR
Consolidated Balance Sheet
for Holding Companies
Schedule HC
The line item instructions should be read in conjunction with the Glossary and other
sections of these instructions. See the discussion of the Organization of the Instruction Book
in the General Instructions. For purposes of these line item instructions, the FASB
Accounting Standards Codification is referred to as “ASC.”
(c) nationalized banks and banking institutions owned
Assets
Line Item 1 Cash and balances due from
depository institutions.
Report in item 1(a) noninterest-bearing balances due
from depository institutions and currency and coin and in
item 1(b) interest-bearing balances due from depository
institutions.
Depository institutions cover the following
(1) Depository institutions in the U.S., i.e.,
(a) U.S. branches and agencies of foreign banks
(refer to the Glossary entry for ‘‘banks, U.S. and
foreign’’ for the definition of this term);
(b) U.S. branches of U.S. banks (refer to the Glossary
entry for ‘‘banks, U.S. and foreign’’);
(c) savings or building and loan associations, homestead associations, and cooperative banks;
(d) mutual and stock savings banks; and
(e) credit unions.
(2) Banks in foreign countries, i.e.,
(a) foreign-domiciled branches of other U.S. banks;
and
(b) foreign-domiciled branches of foreign banks.
See the Glossary entry for ‘‘banks, U.S. and foreign’’
for a description of banks in foreign countries.
by central governments that have, as an important part of their functions, activities similar to
those of a central bank; and
(d) the Bank for International Settlements (BIS).
Balances due from such institutions cover all interestbearing and noninterest-bearing balances whether in the
form of demand, savings, or time balances, including
certificates of deposit, but excluding any balances held
in the consolidated holding company’s trading accounts.
Balances with foreign central banks should include all
balances with such entities, including reserve, operating,
and investment balances. Balances should include ‘‘placements and redeposits’’ between foreign offices of the
banking subsidiaries of the reporting holding company
and foreign offices of other banks.
Treatment of reciprocal balances with depository institutions. Reciprocal balances arise when two depository
institutions maintain balances with each other, i.e., each
institution has both a ‘‘due from’’ and a ‘‘due to’’ balance
with the other institution. For purposes of reporting on
this schedule and on Schedule HC-E, Deposit Liabilities,
reciprocal balances should be reported in accordance
with generally accepted accounting principles.
For purposes of these reports, deposit accounts ‘‘due
from’’ other depository institutions that are overdrawn
are to be reported as borrowings in Schedule HC, item 16.
For further information, refer to the Glossary entry for
‘‘overdraft.’’
Exclude from items 1(a) and 1(b) the following
(a) foreign central banks in foreign countries;
(1) All intracompany transactions, i.e., all transactions
between any offices of the consolidated holding
company.
(b) departments of foreign central governments that
have, as an important part of their functions,
activities similar to those of a central bank;
(2) Claims on banks or other depository institutions held
in the consolidated holding company’s trading
accounts.
(3) Foreign central banks, i.e.,
FR Y-9C
Schedule HC
March 2013
HC-1
Schedule HC
(3) Deposit accounts ‘‘due to’’ other depository institutions that are overdrawn (report in Schedule HC-C,
item 2, ‘‘Loans to depository institutions and acceptances of other banks’’).
(4) Loans to depository institutions (report in Schedule HC-C, item 2).
(5) Unavailable balances due from closed or liquidating
banks or other depository institutions (report in
Schedule HC, item 11, ‘‘Other assets’’).
Line Item 1(a) Noninterest-bearing balances and
currency and coin.
Report the total of all noninterest-bearing balances due
from depository institutions, currency and coin, cash
items in process of collection, and unposted debits.
For purposes of this report, the consolidated holding
company’s overdrafts on deposit accounts it holds with
other depository institutions that are not consolidated on
the reporting holding company’s FR Y-9C (i.e., its ‘‘due
from’’ accounts) are to be reported as borrowings in
Schedule HC, item 16, except overdrafts arising in
connection with checks or drafts drawn by subsidiary
depository institutions of the reporting holding company
and drawn on, or payable at or through, another depository institution either on a zero-balance account or on an
account that is not routinely maintained with sufficient
balances to cover checks or drafts drawn in the normal
course of business during the period until the amount of
the checks or drafts is remitted to the other depository
institution (in which case, report the funds received or
held in connection with such checks or drafts as deposits
in Schedule HC-E until the funds are remitted).
Noninterest-bearing balances include the following
(1) Cash items in process of collection. Cash items in
process of collection include the following:
(a) Checks or drafts in process of collection that are
drawn on another depository institution (or on
a Federal Reserve Bank) and that are payable
immediately upon presentation in the country
where the reporting holding company’s office
that is clearing or collecting the check or draft is
located. This includes checks or drafts drawn on
other institutions that have already been forwarded for collection but for which the reporting
bank has not yet been given credit (‘‘cash letHC-2
ters’’) and checks or drafts on hand that will be
presented for payment or forwarded for collection on the following business day.
(b) Government checks drawn on the Treasurer of
the United States or any other government agency
that are payable immediately upon presentation
and that are in process of collection.
(c) Such other items in process of collection that are
payable immediately upon presentation and that
are customarily cleared or collected as cash items
by depository institutions in the country where
the reporting holding company’s office which is
clearing or collecting the item is located.
(2) Unposted debits, which are cash items in a subsidiary
depository institution’s possession, drawn on itself,
that are immediately chargeable, but that have not
been charged to the general ledger deposit control
account at the close of business on the report date.
(3) Noninterest-bearing balances with depository institutions, i.e., whether in the form of demand, time, or
savings balances, provided that the accounts pay no
interest.
(4) Currency and coin. Include both U.S. and foreign
currency and coin owned and held in all offices of the
consolidated holding company; currency and coin in
transit to a Federal Reserve Bank or to any other
depository institution for which the reporting holding
company’s subsidiaries have not yet received credit;
and currency and coin in transit from a Federal
Reserve Bank or from any other depository institution for which the accounts of the subsidiaries of the
reporting holding company have already been
charged. Foreign currency and coin should be converted into U.S. dollar equivalents as of the report
date.
Exclude from this item the following
(1) Credit or debit card sales slips in process of collection (report as noncash items in Schedule HC,
item 11, ‘‘Other assets’’). However, when the reporting holding company or its consolidated subsidiaries
have been notified that they have been given credit,
the amount of such sales slips should be reported in
this item.
(2) Cash items not conforming to the definition of in
process of collection, whether or not cleared through
Schedule HC
FR Y-9C
March 2013
Schedule HC
Federal Reserve Banks (report in Schedule HC,
item 11, ‘‘Other assets’’).
(3) Commodity or bill-of-lading drafts (including arrival
drafts) not yet payable (because the merchandise
against which the draft was drawn has not yet
arrived), whether or not deposit credit has been
given. (If deposit credit has been given, report as
loans in the appropriate item of Schedule HC-C; if
the drafts were received on a collection basis, they
should be excluded entirely from the consolidated
holding company’s balance sheet, Schedule HC, until
the funds have actually been collected.)
(4) Balances due from Federal Reserve Banks (report as
interest-bearing balances in Schedule HC, item 1(b)).
Line Item 1(b) Interest-bearing balances.
Report all interest-bearing balances due from depository
institutions whether in the form of demand, savings, or
time balances, including certificates of deposit, but
excluding certificates of deposit held for trading. Include
balances due from Federal Reserve Banks (including
balances maintained to satisfy reserve balance requirements, excess balances, and term deposits), commercial
banks in the U.S., other depository institutions in the U.S.,
Federal Home Loan Banks, banks in foreign countries,
and foreign central banks. Include the fair value of
interest-bearing balances due from depository institutions
that are accounted for at fair value under a fair value
option.
Exclude from interest-bearing balances:
(1) Loans to depository institutions and acceptances of
other banks (report in Schedule HC-C, item 2).
(2) All interest-bearing balances that the reporting institution’s trust department maintains with other depository institutions.
(3) Certificates of deposit held for trading (report in
Schedule HC, item 5).
(4) Investments in money market mutual funds, which,
for purposes of these reports, are to be reported as
investments in equity securities.
Line Item 1(b)(1)
In U.S. offices.
Report the total of all interest-bearing balances due from
depository institutions and foreign central banks that are
held in offices of the holding company or its consolidated
FR Y-9C
Schedule HC
March 2019
subsidiaries located in the fifty states of the United States
and the District of Columbia. NOTE: This item should
include balances due from unaffiliated U.S. and foreign
banks and central banks wherever those institutions are
located, provided that such balances are booked as assets
in domestic offices of the holding company or of its
consolidated subsidiaries.
Exclude balances held in Edge and Agreement subsidiaries or in international banking facilities (IBFs) of the
reporting holding company, which are considered foreign
offices of the holding company for purposes of this
report. Such balances are to be reported in item 1(b)(2)
below.
Line Item 1(b)(2) In foreign offices, Edge and
Agreement subsidiaries, and IBFs.
This item is to be reported only by holding companies
that have foreign offices or Edge or Agreement subsidiaries or whose consolidated subsidiaries have foreign
offices, Edge or Agreement subsidiaries, or International
Banking Facilities.
Report the total of all interest-bearing balances due from
depository institutions, wherever located, provided that
the reporting holding company or its consolidated subsidiaries book such balances as assets of offices that are
located outside the fifty states of the United States and
the District of Columbia. Also report all interest-bearing
balances held in International Banking Facilities (IBFs) and in Edge and Agreement corporations of
the reporting holding company or its consolidated subsidiaries.
Line Item 2 Securities.
Line Item 2(a) Held-to-maturity securities.
For holding companies that have not adopted FASB
Accounting Standards Update No. 2016-13 (ASU 201613), which governs the accounting for credit losses
report, report the amount from Schedule HC-B, item 8,
column A, “Total amortized cost.”
Holding companies that have adopted ASU 2016-13,
which governs the accounting for credit losses, report the
amortized cost net of any applicable allowance for credit
losses. The amount reported in Schedule HC, item 2(a),
must equal the amount reported in Schedule HC-B,
item 8, column A, “Total amortized cost” less the amount
HC-3
Schedule HC
of the allowances for credit losses reported in Schedule HI-B, Part II, item 7, column B, balance end of
current period.
Line Item 2(b) Available-for-sale debt securities.
Report the amount from Schedule HC-B, item 8, column D, ‘‘Total fair value.’’
All holding companies must complete Schedule HC, item
2.c (i.e. not leave item 2.c blank), because all institutions
are now required to have adopted FASB Accounting
Standards No. 2016-01 (ASU 2016-01) for FR Y-9
reporting purposes. ASU 2016-01 includes provisions
governing the accounting for investments in equity securities, including investment in mutual funds, and eliminated the concept of available-for-sale equity securities.
See the Glossary entry for “Securities Activities” for
further information on accounting for investments in
equity securities.
2(c) Equity securities with readily determinable
fair values not held for trading.
Report the fair value of all investments in mutual funds
and other equity securities (as defined in ASC Topic 321,
Investments-Equity Securities) with readily determinable
fair values that are not held for trading. Such securities
include, but are not limited to, money market mutual
funds, mutual funds that invest solely in U.S. Government securities, common stock, and perpetual preferred
stock. Perpetual preferred stock does not have a stated
maturity date and cannot be redeemed at the option of the
investor, although it may be redeemable at the option of
the issuer.
The fair value of equity securities with readily determinable fair values not held for trading included in this item
2.c that are pledged should be reported in Schedule
HC-B, Memorandum item 1, “Pledged securities.”
Exclude equity securities held for trading from Schedule
HC, item 2(c). For purposes of the FR Y-9C balance
sheet, trading activities typically include (a) regularly
underwriting or dealing in securities; interest rate, foreign exchange rate, commodity, equity, and credit derivative contracts; other financial investments; and other
assets for resale, (b) acquiring or taking positions in such
items principally for the purpose of selling in the near
term or otherwise with the intent to resell in order to
profit from short-term price movements, and (c) acquiring or taking positions in such items as an accommodaHC-4
tion to customers, provided that acquiring or taking such
positions meets the definition of ″trading″ in ASC Topic
320, Investments-Debt Securities, and ASC Topic 815,
Derivatives and Hedging, and the definition of ″trading
purposes″ in ASC Topic 815. When a holding company’s
holdings of equity securities with readily determinable
fair values falls within the scope of the preceding description of trading activities, the equity securities should be
reported as trading assets in Schedule HC, item 5.
Otherwise, the equity securities should be reported in this
item 2(c).
According to ASC Topic 321, the fair value of an equity
security is readily determinable if sales prices or bid-andasked quotations are currently available on a securities
exchange registered with the U.S. Securities and Exchange
Commission (SEC) or in the over-the-counter market,
provided that those prices or quotations for the over-thecounter market are publicly reported by the National
Association of Securities Dealers Automated Quotations
systems or by OTC Markets Group Inc. (“Restricted
stock” meets that definition if the restriction terminates
within one year.) The fair value of an equity security
traded only in a foreign market is readily determinable if
that foreign market is of a breadth and scope comparable
to one of the U.S. markets referred to above. The fair
value of an investment in a mutual fund (or in a structure
similar to a mutual fund, i.e., a limited partnership or a
venture capital entity) is readily determinable if the fair
value per share (unit) is determined and published and is
the basis for current transactions.
Investments in mutual funds and other equity securities
with readily determinable fair values may have been
purchased by the reporting holding company or acquired
for debts previously contracted.
The fair value of pledged equity securities with readily
determinable fair values not held for trading reported in
Schedule HC, item 2.c should be included in the amount
reported in Schedule HC-B, Memorandum item 1.
Include in this item common stock and perpetual preferred stock of the Federal National Mortgage Association (Fannie Mae), common stock and perpetual preferred stock of the Federal Home Loan Mortgage
Corporation (Freddie Mac), Class A voting and Class C
non-voting common stock of the Federal Agricultural
Mortgage Corporation (Farmer Mac), and common and
preferred stock of SLM Corporation (the private-sector
successor to the Student Loan Marketing Association).
Schedule HC
FR Y-9C
March 2021
Schedule HC
The fair value of pledged equity securities with readily
determinable fair values not held for trading reported in
Schedule HC, item 2.c should be included in the amount
reported in Schedule HC-B, Memorandum item 1.
Exclude from equity securities with readily determinable
fair values not held for trading:
(1) Paid-in stock of a Federal Reserve Bank (report as an
equity investment without a readily determinable fair
value in Schedule HC-F, item 4).
(2) Stock of a Federal Home Loan Bank (report as an
equity investment without a readily determinable fair
value in Schedule HC-F, item 4).
(3) Common and preferred stocks that do not have
readily determinable fair values, such as stock of
bankers’ banks and Class B voting common stock of
the Federal Agricultural Mortgage Corporation
(Farmer Mac) (report in Schedule HC-F, item 4).
(4) Preferred stock that by its terms either must be
redeemed by the issuing enterprise or is redeemable
at the option of the investor (i.e., redeemable or
limited-life preferred stock), including trust preferred
securities subject to mandatory redemption (report
such preferred stock as an other debt security in
Schedule HC-B, item 6).
(5) “Restricted stock,” i.e., equity securities for which
sale is restricted by governmental or contractual
requirement (other than in connection with being
pledged as collateral), except if that requirement
terminates within one year or if the holder has the
power by contract or otherwise to cause the requirement to be met within one year (if the restriction does
not terminate within one year, report “restricted
stock” as an equity investment without a readily
determinable fair value in Schedule HC-F, item 4).
(6) Participation certificates issued by a Federal Intermediate Credit Bank, which represent nonvoting stock
in the bank (report as an equity investment without a
readily determinable fair value in Schedule HC-F,
item 4).
(7) Minority interests held by the reporting institution in
any companies not meeting the definition of associated company (report as equity investments without
readily determinable fair values in Schedule HC-F,
item 4), except minority holdings that indirectly
represent bank premises (report in Schedule HC,
FR Y-9C
Schedule HC
March 2018
item 6) or other real estate owned (report in Schedule
HC, item 7), provided that the fair value of any
capital stock representing the minority interest is not
readily determinable. (See the Glossary entry for
“Subsidiaries” for the definition of associated company.)
(8) Equity holdings in those corporate joint ventures
over which the reporting institution does not exercise
significant influence (report as equity investments
without readily determinable fair value in Schedule
HC-F, item 4), except equity holdings that indirectly
represent bank premises (report in Schedule HC,
item 6) or other real estate owned (report in Schedule
HC, item 7). (See the Glossary entry for “subsidiaries” for the definition of corporate joint venture.)
(9) Holdings of capital stock of and investments in
unconsolidated subsidiaries, associated companies,
and those corporate joint ventures over which the
reporting bank exercises significant influence (report
in Schedule HC, item 8, “Investments in unconsolidated subsidiaries and associated companies”).
Line Item 3 Federal funds sold and securities
purchased under agreements to resell.
Line Item 3(a) Federal funds sold in domestic
offices.
Report the outstanding amount of federal funds sold,
i.e., immediately available funds lent (in domestic offices)
under agreements or contracts that have an original
maturity of one business day or roll over under a
continuing contract, excluding such funds lent in the
form of securities purchased under agreements to resell
(which should be reported in Schedule HC, item 3(b))
and overnight lending for commercial and industrial
purposes (which generally should be reported in Schedule HC, item 4(b)). Transactions that are to be reported as
federal funds sold may be secured or unsecured or may
involve an agreement to resell loans or other instruments
that are not securities.
Immediately available funds are funds that the purchasing holding company can either use or dispose of on the
same business day that the transaction giving rise to the
receipt or disposal of the funds is executed. A continuing
contract, regardless of the terminology used, is an agreement that remains in effect for more than one business
day, but has no specified maturity and does not require
advance notice of the lender or the borrower to terminate.
HC-5
Schedule HC
Report federal funds sold on a gross basis, i.e., do not net
them against federal funds purchased, except to the
extent permitted under ASC Subtopic 210-20, Balance
Sheet – Offsetting (formerly FASB Interpretation No. 39,
Offsetting of Amounts Related to Certain Contracts).
Also exclude from federal funds sold
(1) Sales of so-called ‘‘term federal funds’’ (as defined in
the Glossary entry for ‘‘federal funds transactions’’)
(report in Schedule HC, item 4(b), ‘‘Loans and
leases, held for investment’’).
(2) Securities resale agreements that have an original
maturity of one business day or roll over under a
continuing contract, if the agreement requires the
holding company to resell the identical security
purchased or a security that meets the definition of
substantially the same in the case of a dollar roll
(report in Schedule HC, item 3(b), ‘‘Securities purchased under agreements to resell’’).
(3) Deposit balances due from a Federal Home Loan
Bank (report as balances due from depository institutions in Schedule HC, item 1(a) or 1(b), as
appropriate).
(4) Lending transactions in foreign offices involving
immediately available funds with an original maturity of one business day or under a continuing
contract that are not securities resale agreements
(report in Schedule HC, item 4(b), ‘‘Loans and
leases, held for investment’’).
For further information, see the Glossary entry for ‘‘federal funds transactions.’’
Line Item 3(b) Securities purchased under
agreements to resell.
Report the outstanding amount of
(1) Securities resale agreements, regardless of maturity,
if the agreement requires the holding company to
resell the identical security purchased or a security
that meets the definition of substantially the same in
the case of a dollar roll.
(2) Purchases of participations in pools of securities,
regardless of maturity.
Except as noted below, report securities purchased under
agreements to resell on a gross basis, i.e., do not net them
against securities sold under agreements to repurchase,
HC-6
except to the extent permitted under ASC Subtopic
210-20, Balance Sheet – Offsetting (formerly FASB
Interpretation No. 41, Offsetting of Amounts Related to
Certain Repurchase and Reverse Repurchase Agreements). Include the fair value of securities purchased
under agreement to resell that are accounted for at fair
value under a fair value option.
Holding companies that have adopted ASU 2016-13,
which governs the accounting for credit losses, report the
amount in this line item net of any applicable allowance
for credit losses.
Exclude from this item
(1) Resale agreements involving assets other than securities (report in Schedule HC, item 3(a), ‘‘Federal
funds sold,’’ or item 4(b), ‘‘Loans and leases, held for
investment,’’ as appropriate, depending on the maturity and office location of the transaction).
(2) Due bills representing purchases of securities or
other assets by the reporting holding company that
have not yet been delivered and similar instruments,
whether collateralized or uncollateralized (report in
Schedule HC, item 4(b)). See the Glossary entry for
‘‘due bills.’’
(3) So-called yield maintenance dollar repurchase agreements (see the Glossary entry for ‘‘repurchase/resale
agreements’’).
For further information, see the Glossary entry for
‘‘repurchase/resale agreements.’’
Line Item 4 Loans and lease financing receivables.
Report in the appropriate subitem loans and leases held
for sale and loans and leases that the reporting holding
company has the intent and ability to hold for the
foreseeable future or until maturity or payoff, i.e., held
for investment.
Line Item 4(a) Loans and leases held for sale.
Report the amount of loans and leases held for sale.
Loans and leases held for sale should be reported at the
lower of cost or fair value except for those loans held for
sale that the holding company has elected to account for
at fair value under a fair value option, which should be
reported in this item at fair value. For loan and leases
held for sale that are reported at the lower of cost or fair
value, the amount by which cost exceeds fair value, if
Schedule HC
FR Y-9C
March 2019
Schedule HC
any, shall be accounted for as a valuation allowance
within this item.
For holding companies that have not adopted ASU
2016-13, which governs the accounting for credit losses,
no allowance for loan and lease losses should be included
in Schedule HC, item 4.c, for loans and leases held for
sale. All loans and leases reported in this item must also
be reported by loan category in Schedule HC-C.
For holding companies that have adopted ASU 2016-13,
no allowances for credit losses should be included in
Schedule HC , item 4.c, for loans and leases held for sale.
Line Item 4(b) Loans and leases, held for
investment.
Report the amount of loans and leases that the reporting
bank has the intent and ability to hold for the foreseeable
future or until maturity or payoff, i.e., loans held for
investment. Include loans held for investment that the
bank has elected to account for at fair value under a fair
value option, which should be reported in this item at fair
value. All loans and leases reported in this item must also
be reported by loan category in Schedule HC-C.
Line Item 4(c) LESS: Allowance for loan and lease
losses.
For holding companies that have not adopted FASB
Accounting Standards Update No. 2016-13 (ASU 201613), which governs the accounting for credit losses,
report the allowance for loan and lease losses as determined in accordance with generally accepted accounting
principles (GAAP) (and described in the Glossary entry
for “Allowance for Loan and Lease Losses”). For holding companies that have adopted ASU 2016-13, report
the allowance for credit losses on loans and leases as
determined in accordance with instructions in the Glossary entry for “Allowance for Credit Losses.” For further
information, see the Glossary entry for “Allowance for
Credit Losses.” Also include in this item any allocated
transfer risk reserve related to loans and leases held for
investment that the reporting holding company is required
to establish and maintain as specified in Section 905(a) of
the International Lending Supervision Act of 1983, in the
agency regulations implementing the Act (Subpart D of
Federal Reserve Regulation K), and in any guidelines, or
instructions issued by the Federal Reserve. This item
must equal Schedule HI-B, part II, item 7, column A.
FR Y-9C
Schedule HC
December 2020
Line Item 4(d) Loans and leases, held for
investment net of allowance for loan and lease
losses.
Report the amount derived by subtracting item 4(c) from
item 4(b).
Line Item 5 Trading assets.
Trading activities typically include (a) regularly underwriting or dealing in securities; interest rate, foreign
exchange rate, commodity, equity, and credit derivative
contracts; other financial instruments; and other assets for
resale; (b) acquiring or taking positions in such items
principally for the purpose of selling in the near term or
otherwise with the intent to resell in order to profit from
short-term price movements; or (c) acquiring or taking
positions in such items as an accommodation to customers, provided that acquiring or taking such positions
meets the definition of ″trading″ in ASC Topic 320,
Investments-Debt Securities, and ASC Topic 815, Derivatives and Hedging, and the definition of ″trading purposes″ in ASC Topic 815. Assets and other financial
instruments held for trading shall be consistently valued
at fair value as defined by ASC Topic 820, Fair Value
Measurement.
For purposes of the FR Y-9C report, all debt securities
within the scope of ASC Topic 320, Investment-Debt
Securities that a holding company has elected to report at
fair value under a fair value option with changes in fair
value reported in current earnings should be classified as
trading securities. In addition, for purposes of this report,
holding companies may classify assets (other than debt
securities within the scope of ASC Topic 320 for which a
fair value option is elected) as trading if the holding
company applies fair value accounting, with changes in
fair value reported in current earnings, and manages
these assets as trading positions, subject to the controls
and applicable regulatory guidance related to trading
activities. For example, a holding company would generally not classify a loan to which it has applied the fair
value option as a trading asset unless the holding company holds the loan, which it manages as a trading
position, for one of the following purposes: (1) for
market making activities, including such activities as
accumulating loans for sale or securitization; (2) to
benefit from actual or expected price movements; or (3)
to lock in arbitrage profits.
HC-7
Schedule HC
Do not include in this item the carrying value of any
available-for-sale securities, any loans that are held for
sale (and are not classified as trading in accordance with
the preceding instruction), and any leases that are held for
sale. Available-for-sale debt securities are reported in
Schedule HC, item 2(b), and in Schedule HC-B, columns
C and D. Loans (not classified as trading) and leases held
for sale should be reported in Schedule HC, item 4(a),
“Loans and leases held for sale,” and in Schedule HC-C.
Trading assets also include derivatives with a positive
fair value resulting from the “marking to market” of
interest rate, foreign exchange rate, commodity, equity,
and credit derivative contracts held for trading purposes
as of the report date. Derivative contracts with the same
counterparty that have positive fair values and negative
fair values and meet the criteria for a valid right of setoff
contained in ASC Subtopic 210-20, Balance Sheet –
Offsetting (e.g., those contracts subject to a qualifying
master netting agreement) may be reported on a net basis
using this item and Schedule HC, item 15, “Trading
liabilities,” as appropriate. (See the Glossary entry for
“offsetting.”)
For those holding companies that must complete Schedule HC-D, this item must equal Schedule HC-D, item 12,
‘‘Total trading assets,’’ and Schedule HC-Q, item 2,
column A.
Line Item 6 Premises and fixed assets.
Report on consolidated basis book value, less accumulated depreciation or amortization and any impairment
losses, of all premises, equipment, furniture, and fixtures
purchased directly or acquired by means of a capital lease
accounted for in accordance with ASC Topic 840, Leases,
or in the form of a right-of-use (ROU) asset accounted
for in accordance with ASC Topic 842, Leases, as
applicable. The method of depreciation or amortization
should conform to generally accepted accounting principles.
Do not deduct mortgages or other liens on such property
(report in Schedule HC, item 16, ‘‘Other borrowed
money’’).
Include the following as premises and fixed assets
(1) Premises that are actually owned and occupied (or to
be occupied, if under construction) by the holding
company, its consolidated subsidiaries, or their
branches.
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(2) Leasehold improvements, vaults, and fixed machinery and equipment.
(3) Capitalized remodeling costs to existing premises.
(4) Real estate acquired and intended to be used for
future expansion.
(5) Parking lots that are used by customers or employees
of the holding company, its consolidated subsidiaries, and their branches.
(6) Furniture, fixtures, and movable equipment of the
holding company, its consolidated subsidiaries, and
their branches.
(7) Automobiles, airplanes, and other vehicles owned by
the holding company or its consolidated subsidiaries
and used in the conduct of its business.
(8) For a lessee institution that has not adopted ASC
Topic 842, the amount of capital lease property, and
for a lessee institution that has adopted ASC
Topic 842, the amount of ROU assets that represents
premises, equipment, furniture, and fixtures.
In general, under ASC Topic 842 for an institution as
lessee, the ROU asset for a finance lease should be
reported at cost less any accumulated amortization
and any accumulated impairment losses; the ROU
asset for an operating lease (not previously impaired)
should be reported at the book value of the related
lease liability adjusted for the remaining balance of
any lease incentives received, any prepaid or accrued
lease payments, any unamortized initial direct costs,
and any current period impairment. After an ROU
asset for an operating lease is impaired, it should be
reported at its carrying amount immediately after the
impairment less any accumulated amortization. See
the discussion of accounting by an institution as
lessee in the Glossary entry for “lease accounting.”
(9) (a) Stocks and bonds issued by nonmajority-owned
corporations and
(b) Investments in limited partnerships or limited
liability companies (other than investments so
minor that the institution has virtually no influence over the partnership or company) whose
principal activity is the ownership of land, buildings, equipment, furniture, or fixtures occupied
or used (or to be occupied or used) by the
holding company or its consolidated subsidiaries. Report such stocks and investments at
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(i) fair value or (ii) if chosen by the reporting
holding company for an equity investment that
does not have a readily determinable fair value,
at cost minus impairment, if any, plus or minus
changes resulting from observable price changes
in orderly transactions for the identical or a
similar investment of the same issuer.
Property formerly but no longer used for banking or
nonbanking activities may be reported in this item as
‘‘Premises and fixed assets’’ or in item 7, ‘‘Other real
estate owned.’’
Exclude from premises and fixed assets
(1) Original paintings, antiques, and similar valuable
objects (report in item 11, ‘‘Other assets’’);
(2) Favorable leasehold rights (report in Schedule HC-M
item 12(c) “All other identifiable intangible assets”);
and
(3) Loans and advances, whether secured or unsecured,
to individuals, partnerships, and nonmajority-owned
corporations for the purpose of purchasing or holding
land, buildings, or fixtures occupied or used (or to be
occupied or used) by the holding company, its consolidated subsidiaries, or their branches (report in
item 4(b) ‘‘Loans and leases, held for investment’’).
Line Item 7 Other real estate owned.
Report the total amount of other real estate owned from
Schedule HC-M, item 13. For further information on
other real estate owned, see the instructions to Schedule HC-M, item 13, and the Glossary entry for ‘‘foreclosed assets.’’
Line Item 8 Investments in unconsolidated
subsidiaries and associated companies.
Report the amount of the holding company’s investments
in the stock of all subsidiaries that have not been
consolidated, associated companies, corporate joint ventures, unincorporated joint ventures, and general partnerships over which the holding company exercises significant influence; and noncontrolling investments in certain
limited partnerships and limited liability companies
(described in the Glossary entry for ‘‘equity method of
accounting’’), excluding those that represent direct and
indirect investments in real estate venture (which are to
be reported in Schedule HC, item 9). The entities in
which these investments have been made are collectively
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referred to as ‘‘investees.’’ Special purpose entities issuing trust preferred securities that a holding company
deconsolidates under GAAP generally are considered
unconsolidated subsidiaries for regulatory reporting and
other regulatory purposes. Include such investments in
unconsolidated special purpose entities that issue trust
preferred securities. Also include loans and advances to
investees and holdings of their bonds, notes, and debentures.
Investments in the common stock of investees shall be
reported using the equity method of accounting in accordance with GAAP. Under the equity method, the carrying
value of the holding company’s investment in the common stock of an investee is originally recorded at cost but
is adjusted periodically to record as income the holding
company’s proportionate share of the investee’s earnings
or losses and decreased by the amount of any cash
dividends received from the investee and amortization of
goodwill.
For purposes of this report, the date through which the
carrying value of the holding company’s investment in an
investee has been adjusted should, to the extent practicable, match the report date of the FR Y-9C, but in no
case differ by more than 93 days from the report date.
Unconsolidated subsidiaries include all subsidiaries of
the reporting holding company that are 50 percent or less
owned (i.e., less than majority-owned) by the reporting
holding company or, for some reason under GAAP, are
not consolidated on the reporting holding company’s
consolidated financial statements. Refer to the General
Instructions section of this book for a more detailed
discussion of consolidation. See also the Glossary entry
for ‘‘subsidiaries’’ for definitions of subsidiary, associated companies, and joint ventures.
Line Item 9 Direct and indirect investments in
real estate ventures.
Report the amount of the holding company’s direct and
indirect investments in real estate ventures.
Exclude real estate acquired in any manner for debts
previously contracted, including, but not limited to, real
estate acquired through foreclosure or acquired by deed
in lieu of foreclosure, and equity holdings that indirectly
represent such real estate (report in Schedule HC-M, item
13, ‘‘Other real estate owned’’). Include as direct and
indirect investments in real estate ventures:
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(1) Any real estate acquired, directly or indirectly, by the
holding company or a consolidated subsidiary and
held for development, resale, or other investment
purposes. (Do not include real estate acquired in any
manner for debts previously contracted, including,
but not limited to, real estate acquired through foreclosure or acquired by deed in lieu of foreclosure.
Report such real estate in Schedule HC-M, item 13.)
(2) Real estate acquisition, development, or construction
(ADC) arrangements which are accounted for as
direct investments in real estate or real estate joint
ventures in accordance with ASC Subtopic 310-10,
Receivables – Overall (formerly AICPA Practice
Bulletin 1, Appendix, Exhibit I, ADC Arrangements).
(3) Real estate acquired and held for investment by the
holding company or a consolidated subsidiary that
has been sold under contract and accounted for under
the deposit method of accounting in accordance with
ASC Subtopic 360-20, Property, Plant, and Equipment – Real Estate Sales (formerly FASB Statement
No. 66, Accounting for Sales of Real Estate). Under
this method, the seller does not record notes receivable, but continues to report the real estate and any
related existing debt on its balance sheet. The deposit
method is used when a sale has not been consummated and is commonly used when recovery of the
carrying value of the property is not reasonably
assured. If the full accrual, installment, cost recovery,
reduced profit, or percentage-of-completion method
of accounting under ASC Subtopic 360-20 is being
used to account for the sale, the receivable resulting
from the sale of the real estate should be reported as a
loan in Schedule HC-C and any gain on the sale
should be recognized in accordance with ASC Subtopic 360-20.
(4) Any other loans secured by real estate and advanced
for real estate acquisition, development, or investment purposes if the reporting holding company in
substance has virtually the same risks and potential
rewards as an investor in the borrower’s real estate
venture.
(5) Investments in subsidiaries that have not been consolidated; associated companies; corporate joint ventures, unincorporated joint ventures, and general
partnerships over which the holding company exercises significant influence; and noncontrolling investments in certain limited partnerships and limited
HC-10
liability companies (described in the Glossary entry
for ‘‘equity method of accounting’’) that are primarily engaged in the holding of real estate for development, resale, or other investment purposes. The
entities in which these investments have been made
are collectively referred to as ‘‘investees.’’ Investments by the holding company in these investees
may be in the form of common or preferred stock,
partnership interests, loans or other advances, bonds,
notes, or debentures. Such investments shall be
reported using the equity method of accounting. For
further information on the equity method, see the
instruction to Schedule HC, item 8, above.
(6) Investments in corporate joint ventures, unincorporated joint ventures, and general partnerships over
which the holding company does not exercise significant influence and investments in limited partnerships and limited liability companies that are so
minor that the holding company has virtually no
influence over the partnership or company, where the
entity in which the investment has been made is
primarily engaged in the holding of real estate for
development, resale, or other investment purposes.
Report such investments at (i) fair value or (ii) if
chosen by the reporting holding company for an
equity investment that does not have a readily determinable fair value, at cost minus impairment, if any,
plus or minus changes resulting from observable
price changes in orderly transactions for the identical
or a similar investment of the same issuer.
Line Item 10 Intangible assets.
Report the total amount of intangible assets from Schedule HC-M, item 12(d).
Line Item 11 Other assets.
Report the total amount of other assets from Schedule HC-F, line item 7. For further information, see the
instructions for Schedule HC-F, line items 1 through 6.
Line Item 12 Total assets.
Report the sum of items 1 through 11. This item must
equal item 29, ‘‘Total liabilities and equity capital.’’
Liabilities
Line Item 13 Deposits.
(For a discussion of noninterest-bearing and interestbearing deposits, see the Glossary entry for ‘‘deposits.’’)
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Line Item 13(a) In domestic offices.
Report the total of all deposits that are booked at
domestic offices of depository institutions that are consolidated subsidiaries of the reporting holding company.
This item must equal the sum of Schedule HC-E,
items 1(a) through 1(e) and 2(a) through 2(e).
Line Item 13(a)(1) Noninterest-bearing.
Report the total of all noninterest-bearing deposits in
domestic offices of depository institutions that are consolidated subsidiaries of the reporting holding company
included in Schedule HC-E, Deposit Liabilities.
Noninterest-bearing deposits include noninterest-bearing
demand, time, and savings deposits.
Line Item 13(a)(2) Interest-bearing.
Report the total of all interest-bearing deposits in domestic offices of depository institutions that are consolidated
subsidiaries of the reporting holding company included
in Schedule HC-E, Deposit Liabilities. Include interestbearing demand deposits.
Line Item 13(b) In foreign offices, Edge and
Agreement subsidiaries, and IBFs.
NOTE: This item is to be reported only by holding
companies that have foreign offices or Edge or Agreement subsidiaries or whose consolidated subsidiaries
have foreign offices, Edge or Agreement subsidiaries, or
International Banking Facilities.
Line Item 14 Federal funds purchased and
securities sold under agreements to repurchase.
Line Item 14(a) Federal funds purchased in
domestic offices.
Report the outstanding amount of federal funds purchased, i.e., immediately available funds borrowed (in
domestic offices) under agreements or contracts that have
an original maturity of one business day or roll over under
a continuing contract, excluding such funds borrowed in
the form of securities sold under agreements to repurchase
(which should be reported in Schedule HC, item 14(b))
and Federal Home Loan Bank advances (which should be
reported in Schedule HC, item 16). Transactions that are
to be reported as federal funds purchased may be secured
or unsecured or may involve an agreement to repurchase
loans or other instruments that are not securities.
Immediately available funds are funds that the purchasing institution can either use or dispose of on the same
business day that the transaction giving rise to the receipt
or disposal of the funds is executed. A continuing
contract, regardless of the terminology used, is an agreement that remains in effect for more than one business
day, but has no specified maturity and does not require
advance notice of the lender or the borrower to terminate.
Report federal funds purchased on a gross basis, i.e., do
not net them against federal funds sold, except to the
extent permitted under ASC Subtopic 210-20, Balance
Sheet – Offsetting (formerly FASB Interpretation No. 39,
Offsetting of Amounts Related to Certain Contracts).
Report the total of all deposits booked at foreign offices
of depository institutions that are consolidated subsidiaries of the reporting holding company, their Edge and
Agreement subsidiaries, and their IBFs.
Also exclude from federal funds purchased
Line Item 13(b)(1) Noninterest-bearing.
(2) Securities repurchase agreements that have an original maturity of one business day or roll over under a
continuing contract, if the agreement requires the
holding company to repurchase the identical security
sold or a security that meets the definition of substantially the same in the case of a dollar roll (report in
Schedule HC, item 14(b), ‘‘Securities sold under
agreements to repurchase’’).
Report the total of all noninterest-bearing deposits in
foreign offices of depository institutions that are consolidated subsidiaries of the reporting holding company.
Line Item 13(b)(2) Interest-bearing.
Report the total of all interest-bearing deposits in foreign
offices of depository institutions that are consolidated
subsidiaries of the reporting holding company.
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(1) Purchases of so-called ‘‘term federal funds’’ (as
defined in the Glossary entry for ‘‘federal funds
transactions’’) (report in Schedule HC, item 16,
‘‘Other borrowed money’’).
(3) Borrowings from a Federal Home Loan Bank or a
Federal Reserve Bank (report those in the form of
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Schedule HC
securities repurchase agreements in Schedule HC,
item 14(b), and all other borrowings in Schedule HC,
item 16).
(4) So-called yield maintenance dollar repurchase agreements (see the Glossary entry for ‘‘repurchase/resale
agreements’’).
(4) Borrowing transactions in foreign offices involving
immediately available funds with an original maturity of one business day or under a continuing
contract that are not securities repurchase agreements
(report in Schedule HC, item 16).
For further information, see the Glossary entry for
‘‘repurchase/resale agreements.’’
For further information, see the Glossary entry for
‘‘federal funds transactions.’’
Line Item 14(b) Securities sold under agreements
to repurchase.
Report the outstanding amount of
(1) Securities repurchase agreements, regardless of
maturity, if the agreement requires the holding company to repurchase the identical security sold or a
security that meets the definition of substantially the
same in the case of a dollar roll.
Line Item 15 Trading liabilities.
Report the amount of liabilities from the reporting holding company’s trading activities. Trading liabilities shall
be consistently valued at fair value as defined by ASC
Topic 820, Fair Value Measurement (formerly FASB
Statement No. 157, ‘‘Fair Value Measurements’’).
Include liabilities resulting from the sales of assets that
the reporting holding company does not own (see Glossary entry for ‘‘short position’’) and revaluation losses
from ‘‘marking to market’’ derivative contracts into
which the reporting holding company has entered for
trading, dealer, customer accommodation, and similar
purposes.
Report securities sold under agreements to repurchase
on a gross basis, i.e., do not net them against securities
purchased under agreements to resell, except to the
extent permitted under ASC Subtopic 210-20, Balance
Sheet – Offsetting (formerly FASB Interpretation No. 41
Offsetting of Amounts Related to Certain Repurchase and
Reverse Repurchase Agreements).
In addition, for purposes of this report, holding companies may classify liabilities as trading if the holding
company applies fair value accounting, with changes in
fair value reported in current earnings, and manages
these assets as trading positions, subject to the controls
and applicable regulatory guidance related to trading
activities. For holding companies that must complete
Schedule HC-D, “Trading Assets and Liabilities,” the
amount reported in this item must equal Schedule HC-D,
item 15, and Schedule HC-Q, item 5, column A.
Exclude from this item
Line Item 16 Other borrowed money.
(1) Repurchase agreements involving assets other than
securities (report in Schedule HC, item 14(a), ‘‘Federal funds purchased,’’ or item 16, ‘‘Other borrowed
money,’’ as appropriate, depending on the maturity
and office location of the transaction).
Report the total amount of other borrowed money from
Schedule HC-M, line item 14(d). For further information
on other borrowed money, see the instructions to Schedule HC-M, line items 14(a) through 14(c).
(2) Borrowings from a Federal Home Loan Bank or a
Federal Reserve Bank other than in the form of
securities repurchase agreements (report in Schedule HC, item 16).
Line Item 17 Not applicable.
(2) Sales of participations in pools of securities, regardless of maturity.
(3) Obligations under due bills that resulted when the
holding company sold securities or other assets and
received payment, but has not yet delivered the
assets, and similar obligations, whether collateralized
or uncollateralized (report in Schedule HC, item 16).
See the Glossary entry for ‘‘due bills.’’
HC-12
Line Item 18 Not applicable.
Line Item 19(a) Subordinated notes and
debentures.
Report the amount of subordinated debt of the consolidated holding company. Include the amount of outstanding notes and debentures that are subordinated to the
deposits of the subsidiary depository institutions (see the
Glossary entry for ‘‘subordinated notes and debentures’’)
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and any other debt that is designated as subordinated in
its indenture agreement.
Include in this line item the total amount of outstanding
equity contract notes and equity commitment notes that
qualify as capital, as defined by the Federal Reserve
Board’s capital adequacy guidelines, 12 C.F.R., Part 225,
Appendix B.
Also include perpetual debt securities that are subordinated.
For purposes of this item, report the amount of any
outstanding limited-life preferred stock including any
amounts received in excess of its par or stated value. (See
the Glossary entry for ‘‘preferred stock’’ for the definition of limited-life preferred stock.)
For purposes of this report, do not include instruments
generally referred to as trust preferred securities in this
item. Such securities of consolidated special purpose
entities should be reported in line item 19(b), ‘‘Subordinated notes payable to unconsolidated trusts issuing trust
preferred securities, and trust preferred securities issued
by consolidated special purpose entities.’’
Also do not include reportable notes payable to unconsolidated special purpose entities that issue trust preferred securities. Report such notes payable in line item
19(b).
Line Item 19(b) Subordinated notes payable to
unconsolidated trusts issuing trust preferred
securities, and trust preferred securities issued by
consolidated special purpose entities.
Report the amount of subordinated notes payable to
unconsolidated special purpose entities (trusts) that issue
trust preferred securities. If the holding company consolidates special purpose entities that issue trust preferred
securities, report the amount of the trust preferred securities issued by the special purpose entity. For further
information, see the glossary entry for ‘‘Trust preferred
securities issued.’’
Line Item 20 Other liabilities.
Report the total amount of other liabilities from Schedule HC-G, line item 5. For further information see the
instructions for Schedule HC-G, line items 2 through 4.
Line Item 21 Total liabilities.
Report the sum of items 13 through 20.
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June 2015
Line Item 22 Not applicable.
Equity Capital
Line Item 23 Perpetual preferred stock and
related surplus.
Report the amount of perpetual preferred stock issued,
including any amounts received in excess of its par
or stated value. (See the Glossary entry for ‘‘preferred
stock’’ for the definition of perpetual preferred stock.)
Line Item 24 Common stock (par value).
Report the aggregate par or stated value of common stock
issued.
Line Item 25 Surplus (exclude all surplus related
to preferred stock).
Report the net amount formally transferred to the surplus
account, including capital contributions, and any amount
received for common stock in excess of its par or stated
value on or before the report date.
Do not include any portion of the proceeds received from
the sale of limited-life preferred stock in excess of its par
or stated value (report in Schedule HC, item 19(a)) or any
portion of the proceeds received from the sale of perpetual preferred stock in excess of its par or stated value
(report in Schedule HC, item 23).
Line Item 26(a) Retained earnings.
Report the amount of retained earnings (including capital reserves) as of the report date. The amount of the
retained earnings should reflect the transfer of net
income, declaration of dividends, transfers to surplus,
and any other appropriate entries.
Adjustments of accruals and other accounting estimates
made shortly after the report date that relate to the
income and expenses of the year-to-date period ended as
of the report date must be reported in the appropriate
items of Schedule HI, Income Statement, for that year-todate period.
Capital reserves are segregations of retained earnings and
are not to be reported as liability accounts or as reductions of asset balances. Capital reserves may be established for such purposes as follows:
(1) Reserve for undeclared stock dividends—includes
amounts set aside to provide for stock dividends (not
cash dividends) not yet declared.
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Schedule HC
(2) Reserve for undeclared cash dividends—includes
amounts set aside for cash dividends on common and
preferred stock not yet declared. (Cash dividends
declared but not yet payable should be included in
item 20, ‘‘Other liabilities,’’ of this schedule.)
(3) Retirement account (for limited-life preferred stock
or notes and debentures subordinated to deposits)—
includes amounts allocated under the plan for retirement of limited-life preferred stock or notes and
debentures subordinated to deposits contained in the
holding company’s articles of association or in the
agreement under which such stock or notes and
debentures were issued.
(4) Reserve for contingencies includes amounts set aside
for possible unforeseen or indeterminate liabilities
not otherwise reflected on the holding company’s
books and not covered by insurance. This reserve
may include, for example, reserves set up to provide
for possible losses that holding company may sustain
because of lawsuits, the deductible amount under the
holding company’s blanket bond, defaults on obligations for which the holding company is contingently
liable, or other claims against the holding company.
A reserve for contingencies represents a segregation
of retained earnings. It should not include any element of known losses or of any probable losses the
amount of which can be estimated with reasonable
accuracy (see the Glossary entry for ‘‘loss contingencies’’ for additional information).
Exclude the following from retained earnings:
(1) The amount of the cumulative foreign currency translation adjustment (report in item 26(b)).
(2) Any portion of the proceeds received from the sale of
perpetual preferred stock and common stock in
excess of its par or stated value (report surplus
related to perpetual preferred stock in item 23 and
surplus related to common stock in item 25 except
where required by state law or regulation).
(3) Any portion of the proceeds received from the sale of
limited-life preferred stock in excess of its par or
stated value (report in Schedule HC, item 19(a)).
(4) ‘‘Reserves’’ that reduce the related asset balances
such as valuation allowances (e.g., allowance for
loan and lease losses, or for holding companies that
have adopted ASU 2016-13, which governs the
HC-14
account for credit losses, the allowances for credit
losses), reserves for depreciation, and reserves for
bond premiums.
Line Item 26(b) Accumulated other comprehensive
income.
Report the accumulated balance of other comprehensive
income as of the report date in accordance with ASC
Subtopic 220-10, Comprehensive Income — Overall, net
of applicable income taxes, if any. “Other comprehensive
income” refers to revenues, expenses, gains, and losses
that under U.S. generally accepted accounting principles
are included in comprehensive income but excluded from
net income.
Items of accumulated other comprehensive income
include:
(1) Net unrealized holding gains (losses) on availablefor-sale debt securities (including debt securities
transferred into the available-for-sale category from
the held-to-maturity category), i.e., the difference
between the amortized cost and the fair value of the
reporting holding company’s available-for-sale debt
securities (excluding any available-for-sale debt securities previously written down as other-thantemporarily impaired or for holding companies that
have adopted ASU 2016-13 any allowances for credit
losses, excluding the portion of the difference consisting of an allowance for credit losses, if any).1 For
most institutions, all ‘‘debt securities,’’ as that term is
defined in ASC Topic 320, Investments-Debt Securities that are designated as ‘‘available-for-sale’’ will
be reported as ‘‘Available-for-sale debt securities’’ in
Schedule HC, item 2.b, and in Schedule HC, columns
C and D. However, an institution may have certain
1. For example, if the fair value of the reporting institution’s availablefor-sale debt securities exceeds the amortized cost of its available-for-sale
debt securities by $100,000 (and the institution has had no other transactions affecting the ’’net unrealized holding gains (losses)‘‘ account), the
amount to be included in Schedule HC, item 26.b, must be reduced by the
estimated amount of taxes using the institution’s applicable tax rate (federal, state and local). (See the Glossary entry for ’’income taxes‘‘ for a
discussion of ‘‘applicable tax rate.’’) If the institution’s applicable tax rate
(federal, state and local) is 25 percent and the tax basis of its available-forsale debt securities approximates their amortized cost, the institution
would include ‘‘net unrealized holding gains’’ of $75,000 in Schedule HC,
item 26.b. The institution would also have a deferred tax liability of
$25,000 that would enter into the determination of the amount of net
deferred tax assets or liabilities to be reported in Schedule HC, item 2, or
Schedule HC-G, item 2.
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assets that fall within the definition of ‘‘debt securities’’ in ASC Topic 320 (e.g., nonrated industrial
development obligations) that it has designated as
‘‘available-for-sale’’ and reports in a balance sheet
category other than ‘‘Securities’’ (e.g., ‘‘Loans and
lease financing receivables’’) for purposes of the
Report of Condition. These ‘‘available-for-sale’’
assets must be carried on the Holding company’s
balance sheet at fair value rather than amortized cost
and the difference between these two amounts, net of
tax effects, also must be included in this item.
(2) The unamortized balance of the unrealized holding
gain (loss) that existed at the date of transfer of a debt
security transferred into the held-to-maturity category from the available-for-sale category. Consistent
with ASC Topic 320, when a debt security is transferred from the available-for-sale category into the
held-to-maturity category, the (unrealized holding
gain (loss) at the date of transfer continues to be
reported in the accumulated other comprehensive
income account, but must be amortized over the
remaining life of the security as an adjustment of
yield in a manner consistent with the amortization of
any premium or discount.
(3) For institutions that have not adopted ASU 2016-13,
the unaccreted portion of other-than-temporary
impairment losses on available-for-sale and held-tomaturity debt securities that was not recognized in
earnings in accordance with ASC Topic 320, plus the
accumulated amount of subsequent decreases (if not
other than-temporary impairment losses) or increases
in the fair value of available-for-sale debt securities
previously written down as other-than-temporarily
impaired.
Holding companies that have adopted ASU 2016-13,
which governs the accounting for credit losses,
include the unaccreted portion of unrealized losses
on available-for-sale and held-to-maturity debt securities that was not recognized in earnings in accordance with ASC Topic 320, plus the accumulated
amount of subsequent increases or decreases (not
attributable to credit impairment) in the fair value of
available-for sale debt securities, or increases in the
fair value after a write-down that resulted from the
intent to sell or a more likely-than-not requirement to
sell.
(4) Accumulated net gains (losses) on derivative instruments that are designated and qualify as cash flow
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hedges,2 i.e., the effective portion3 of the accumulated change in fair value (gain or loss) on derivative
instruments designated and qualifying as cash flow
hedges in accordance with ASC Topic 815, Derivatives and Hedging.
Under ASC Topic 815, an institution that elects to apply
hedge accounting must exclude from net income the
effective portion of the change in fair value of a derivative designated and qualifying as a cash flow hedge and
record it on the balance sheet in the accumulated other
comprehensive income component of equity capital. The
ineffective portion of the change in fair value of the
derivative designated and qualifying as a cash flow hedge
must be reported in earnings. The component of accumulated other comprehensive income associated with a
transaction hedged in a cash flow hedge should be
adjusted each reporting period to a balance that reflects
the lesser (in absolute amounts) of:
(a) The cumulative gain (loss) on the derivative from
inception of the hedge, less (i) amounts excluded
consistent with the institution’s defined risk management strategy and (ii) the derivative’s gains
(losses) previously reclassified from accumulated
other comprehensive income into earnings to
offset the hedged transaction, or
(b) The portion of the cumulative gain (loss) on the
derivative necessary to offset the cumulative
change in expected future cash flows on the
hedged transaction from inception of the hedge
less the derivative’s gains (losses) previously
reclassified from accumulated other comprehensive income into earnings.
2. Generally, the objective of a cash flow hedge is to link a derivative to
an existing recognized asset or liability or a forecasted transaction with
exposure to variability in expected future cash flows, e.g., the future
interest payments (receipts) on a variable-rate liability (asset) or a forecasted purchase (sale). The changes in cash flows of the derivative are
expected to offset changes in cash flows of the hedged item or transaction.
To achieve the matching of cash flows, ASC Topic 815 requires that the
effective portion of changes in the fair value of derivatives designated and
qualifying as cash flow hedges initially be reported in the accumulated
other comprehensive income component of equity capital and subsequently be reclassified into earnings in the same future period or periods
that the hedged transaction affects earnings .
3. The effective portion of a cash flow hedge can be described as the
change in fair value of the derivative that offsets the change in expected
future cash flows being hedged. Refer to ASC Topic 815, for further
information.
HC-15
Schedule HC
Accordingly, the amount reported in this item should
reflect the sum of the adjusted balance (as described
above) of the cumulative gain (loss) for each derivative
designated and qualifying as a cash flow hedge. These
amounts will be reclassified into earnings in the same
period or periods during which the hedged transaction
affects earnings (for example, when a hedged variablerate interest receipt on a loan is accrued or when a
forecasted sale occurs).
(5) Foreign currency translation adjustments and gains
(losses) on certain foreign currency transactions
accumulated in accordance with ASC Topic 830,
Foreign Currency Matters. See the Glossary entry for
‘‘foreign currency transactions and translation’’ for
further information.
(6) The accumulated amounts of gains (losses), transition assets or obligations, and prior service costs or
credits associated with single-employer defined benefit pension and other postretirement plans that have
not yet been recognized as components of net periodic benefit cost in accordance with ASC Topic 715,
Compensation-Retirement Benefits.
(7) The accumulated amount of net gains (losses) resulting from changes in fair value attributable to
instrument-specific credit risk (“own credit risk”) of
liabilities for which the fair value option for financial
instruments has been elected.
Line Item 26(c) Other equity capital components.
Report in this item as a negative amount the carrying
value of any treasury stock and any unearned Employee
Stock Ownership Plan (ESOP) shares, which under generally accepted accounting principles are reported in a
contra-equity account on the balance sheet. For further
information, see the Glossary entry for ‘‘treasury stock,’’
ASC Subtopic 718-40, Compensation-Stock Compensation – Employee Stock Ownership Plans (formerly
AICPA Statement of Position 93-6, Employers’ Accounting for Employee Stock Ownership Plans).
Report in this item as a negative amount notes receivable
that represent a capital contribution and are reported as a
deduction from equity capital in accordance with ASC
Subtopic 505-10, Equity - Overall (formerly EITF Issue
No. 85-1, ‘‘Classifying Notes Received for Capital
Stock’’) and SEC Staff Accounting Bulletin No. 107
(Topic 4.E., Receivables from Sale of Stock, in the
Codification of Staff Accounting Bulletins). Also report
HC-16
in this item as a negative amount accrued interest receivable on such notes receivable that are reported as a
deduction from equity capital in accordance with ASC
Subtopic 505-10. Interest income accrued on such notes
receivable should not be reported as interest income in
Schedule HI, but as additional paid-in-capital in Schedule HC, item 23 or 25, as appropriate. For further
information, see the Glossary entry for ‘‘capital contributions of cash and notes receivable’’ and ASC Subtopic
505-10.
Line Item 27(a) Total holding company equity
capital.
Report the sum of items 23 through 26(c). This item must
equal HI-A, item 15, ‘‘Total holding company equity
capital end of current period.’’
Line Item 27(b) Noncontrolling (minority)
interests in consolidated subsidiaries.
Report the portion of the equity capital accounts of all
consolidated subsidiaries of the reporting holding company held by parties other than the parent holding
company. A noncontrolling interest, sometimes called a
minority interest, is the portion of equity in a subsidiary
not attributable, directly or indirectly, to the parent
holding company.
Line Item 28 Total equity capital.
Report the sum of items 27(a) and 27(b).
Line Item 29 Total liabilities and equity capital.
Report the sum of items 21 and 28. This item must equal
Schedule HC, item 12, ‘‘Total assets.’’
Memoranda
Line Item M1 Has the holding company engaged
in a full-scope independent external audit at any
time during the calendar year?
Enter a ‘‘1’’ for yes if the holding company has engaged
in a full-scope independent external audit (in which an
opinion is rendered on their financial statements) at any
time during the calendar year as of the December 31
report date. Also enter a ‘‘1’’ for yes if the holding
company has engaged or begun a full-scope independent
external audit by December 31 that has not yet concluded. Enter a ‘‘0’’ if the response to this question is no.
Schedule HC
FR Y-9C
December 2020
Schedule HC
If the response to this question is yes, the holding
company must complete all of Memoranda item 2 below.
If the response to this question is no, skip Memoranda
item 2.
Line Item M2 If the response to Memoranda
item 1 is yes, indicate below the name and address
of the holding company’s independent external
auditing firm, and the name and e-mail address of
the auditing firm’s engagement partner.
Report in memoranda item 2(a) the name and address
(city, U.S. Postal Service abbreviation for state, zip code)
FR Y-9C
Schedule HC
June 2015
of the holding company’s independent external auditing
firm. An independent auditing firm is a company that
provides full-scope auditing services to the holding company in which an opinion is rendered on their financial
statements. Holding companies that do not have a fullscope audit conducted of their financial statements do not
need to complete this item.
Report in memoranda item 2(b) the name and e-mail
address of the independent external auditing firm’s
engagement partner (partner in charge of the audit). This
contact information is for the confidential use of the
Federal Reserve and will not be released to the public.
HC-17
LINE ITEM INSTRUCTIONS FOR
Securities
Schedule HC-B
General Instructions
This schedule has four columns for information on
securities: two columns for held-to-maturity securities
and two columns for available-for-sale securities.1 Report
the amortized cost and fair value of held-to-maturity
securities in columns A and B, respectively. Report the
amortized cost and fair value of available-for-sale debt
securities in columns C and D, respectively. Investments
in equity securities, including investment in mutual funds
with readily determinable fair values not held for trading
are no longer reported in HC-B. Institutions should report
the fair value of their holdings of equity securities with
readily determinable fair values not held for trading in
Schedule HC, item 2.c.
For institutions that have adopted FASB Accounting
Standards Update No. 2016-13 (ASU 2016-13), which
governs the accounting for credit losses, report the
amortized cost of held-to-maturity securities and
available-for-sale debt securities in columns A and C,
respectively, without any deduction for allowances for
credit losses on such securities.
Exclude from this schedule all securities held for trading
and debt securities the holding company has elected to
report at fair value under a fair value option even if
holding company management did not acquire the securities principally for the purpose of selling them in the
near term. Securities held for trading and debt securities
reported under a fair value option are to be reported in
Schedule HC, item 5, “Trading assets,” and, for certain
1. Available-for-sale debt securities are generally reported in Schedule
HC-B, columns C and D. However, a holding company may have certain
assets that fall within the definition of ‘‘debt securities” in ASC Topic 320,
Investments-Debt and Equity Securities, (e.g., certain industrial development obligations) that the holding company has designated as “availablefor-sale” which are reported for purposes of the FR Y-9C report in a
balance sheet category other than “Securities” (e.g., “Loans and lease
financing receivables”).
FR Y-9C
Schedule HC-B
December 2020
holding companies, in Schedule HC-D - Trading Assets
and Liabilities. Trading assets and debt securities reported
under a fair value option are also reported in Schedule
HC-Q - Financial Assets and Liabilities Measured at Fair
Value.
In general, amortized cost is the purchase price of a debt
security adjusted for amortization of premium or accretion of discount if the debt security was purchased at
other than par or face value. (See the Glossary entry for
“premiums and discounts.”) As defined in ASC Topic
820, Fair Value Measurements and Disclosures, fair
value is “the price that would be received to sell an asset
or paid to transfer a liability in an orderly transaction
between market participants at the measurement date.”
For further information, see the Glossary entry for “fair
value.”
The preferred method for reporting purchases and sales
of securities is as of trade date. However, settlement date
accounting is acceptable if the reported amounts would
not be materially different. (See the Glossary entry for
“trade date and settlement date accounting.”)
For purposes of this schedule, the following events and
transactions shall be treated in the following manner:
(1) Purchases of securities under agreements to resell
and sales of securities under agreements to
repurchase—These transactions are not to be treated
as purchases or sales of securities but as lending
or borrowing (i.e., financing) transactions collateralized by these securities if the agreements meet the
criteria for a borrowing as set forth in ASC Topic
860, Transfers and Servicings. For further information, see the Glossary entry for “transfers of financial
assets” and “repurchase/resale agreements.”
(2) Purchases and sales of participations in pools of
securities—Similarly, these transactions are not to be
treated as purchases or sales of the securities in the
HC-B-1
Schedule HC-B
pool but as lending or borrowing (i.e., financing)
transactions collateralized by the pooled securities if
the participation agreements meet the criteria for a
borrowing set forth in ASC Topic 860. For further
information, see the Glossary entry for ‘‘transfers of
financial assets” and “repurchase/resale agreements.”
(3) Pledged securities—Pledge held-to-maturity and
available-for-sale debt securities that have not been
transferred to the secured party should continue to be
included in the pledging holding company’s holdings
of securities that are reported in Schedule HC-B. If
the reporting holding company has transferred
pledged securities to the secured party, the reporting
holding company should account for the pledged
securities in accordance with ASC Topic 860.
(4) Securities borrowed and lent—Securities borrowed
and lent shall be reported on the balance sheet
of either the borrowing or lending holding company
or its consolidated subsidiaries in accordance with
ASC Topic 860. For further information, see the
Glossary entries for “transfers of financial assets”
and “securities borrowing/lending transactions.
(5) Short sales of securities—Such transactions are to be
reported as described in the Glossary entry for ‘‘short
position.’’
(6) Futures, forward, and standby contracts—Such open
contracts to buy or sell in the future are to be reported
as derivatives in Schedule HC-L, item 11).
Line Item 2 U.S. government agency and
sponsored agency obligations.
Report in the appropriate columns the amortized cost and
fair value of all obligations of U.S. Government agencies
and U.S. Government-sponsored agencies (excluding
mortgage-backed securities) not held for trading.
Distinction between U.S. Government Agencies and U.S.
Government-sponsored Agencies — For purposes of
these reports, a U.S. Government agency is defined as an
instrumentality of the U.S. Government whose debt
obligations are fully and explicitly guaranteed as to the
timely payment of principal and interest by the full faith
and credit of the U.S. Government. In contrast, a U.S.
Government-sponsored agency is defined as an agency
originally established or chartered by the U.S. Government to serve public purposes specified by the U.S.
Congress but whose debt obligations are not explicitly
guaranteed by the full faith and credit of the U.S.
Government.
Include, among others, debt securities (but not mortgagebacked securities) of the following U.S. government
agencies:
(1) Export–Import Bank (Ex-Im Bank)
(2) Federal Housing Administration (FHA)
(3) Government National Mortgage Association
(GNMA)
(4) Maritime Administration
Line Item 1 U.S. Treasury securities.
Report in the appropriate columns the amortized cost and
fair value of all U.S. Treasury securities not held in
trading accounts. Include all bills, certificates of indebtedness, notes, and bonds, including those issued under
the Separate Trading of Registered Interest and Principal of Securities (STRIPS) program and those that are
‘‘inflation indexed.’’
Exclude all obligations of U.S. government agencies and
corporations. Also exclude detached Treasury security
coupons and ex-coupon Treasury securities held as the
result of either their purchase or the bank’s stripping of
such securities and Treasury receipts such as CATs,
TIGRs, COUGARs, LIONs, and ETRs (report in item 6).
(Refer to the Glossary entry for “coupon stripping” for
additional information.)
HC-B-2
(5) Small Business Administration (SBA)
Include such obligations as:
(1) Small Business Administration (SBA) ‘‘Guaranteed
Loan Pool Certificates,’’ which represent an undivided interest in a pool of SBA-guaranteed portion of
loans for which the SBA has further guaranteed the
timely payment of scheduled principal and interest
payments. (Exclude SBA ‘‘Guaranteed Interest Certificates,’’ which represent a beneficial interest in the
entire SBA-guaranteed portion of an individual loan.
SBA ‘‘Guaranteed Interest Certificates’’ should be
reported as loans in Schedule HC-C, or, if held for
trading, in Schedule HC, item 5.)
(2) Participation certificates issued by the Export–Import
Bank and the General Services Administration.
Schedule HC-B
FR Y-9C
December 2020
Schedule HC-B
(3) Notes issued by the Farmers Home Administration
(FmHA) and instruments (certificates of beneficial
ownership and insured note insurance contracts) representing an interest in FmHA-insured notes.
Include, among others, debt securities (but not mortgagebacked securities) of the following U.S. governmentsponsored agencies:
(1) Federal Agricultural Mortgage Corporation
(Farmer Mac)
(2) Federal Farm Credit Banks
(3) Federal Home Loan Banks (FHLBs)
(4) Federal Home Loan Mortgage Corporation
(FHLMC or Freddie Mac)
(5) Federal Land Banks (FLBs)
(6) Federal National Mortgage Association (FNMA or
Fannie Mae)
(7) Financing Corporation (FICO)
(8) Resolution Funding Corporation (REFCORP)
(9) Student Loan Marketing Association (SLMA or
Sallie Mae)
(10) Tennessee Valley Authority (TVA)
(11) U.S. Postal Service
Exclude from U.S. Government agency and sponsored
agency obligations:
(1) Loans to the Export-Import Bank and to federallysponsored lending agencies (report in “Other loans,”
Schedule HC-C, item 9). Refer to the Glossary
entry for “federally-sponsored lending agency” for
the definition of this term.
(2) All holdings of U.S. Government-issued or
-guaranteed mortgage pass-through securities
(report in Schedule HC-B, item 4.a.(1), 4.a.(2), or
4.c.(1)(a), below, as appropriate).
(3) Collateralized mortgage obligations (CMOs), real
estate mortgage investments conduits (REMICs),
CMO and REMIC residuals, and stripped mortgagebacked securities (such as interest-only strips (IOs),
principal-only strips (POs), and similar instruments) issued by U.S. Government agencies and
corporations (report in Schedule HC-B, item 4.b.(1)
or 4.c.(2)(a), below, as appropriate).
FR Y-9C
Schedule HC-B
March 2020
(4) Participations in pools of Federal Housing Administration (FHA) Title I loans, which generally consist of junior lien home improvement loans (report
as loans in Schedule HC-C, generally in item
1.c.(2)(b), Loans “secured by junior liens” on 1-to-4
family residential properties).
(5) Debt securities issued by SLM Corporation, the
private-sector corporation that is the successor to
the Student Loan Marketing Association (report in
Schedule HC-B, item 6(a), “Other domestic debt
securities,” below), and securitized student loans
issued by SLM Corporation (or its affiliates) (report
in Schedule HC-B, item 5(a), “Asset-backed securities,” below).
Line Item 3 Securities issued by states and
political subdivisions in the U.S.
Report amortized cost and fair value of all securities
issued by states and political subdivisions in the United
States not held in trading accounts.
States and political subdivisions in the U.S., for purposes
of this report, include:
(1) the fifty states of the United States and the District of
Columbia and their counties, municipalities, school
districts, irrigation districts, and drainage and sewer
districts; and
(2) the governments of Puerto Rico and of the U.S.
territories and possessions and their political
subdivisions.
Securities issued by states and political subdivisions
include:
(1) General obligations, which are securities whose principal and interest will be paid from the general tax
receipts of the state or political subdivision.
(2) Revenue obligations, are securities whose debt service is paid solely from the revenues of the projects
financed by the securities rather than from general
tax funds.
(3) Industrial development and similar obligations.
Treatment of industrial development bonds (IDBs).
IDBs, sometimes referred to as “industrial revenue
bonds,” are typically issued by local industrial development authorities to benefit private commercial and industrial development. For purposes of this report, all IDBs
HC-B-3
Schedule HC-B
should reported as securities in this item or as loans in
Schedule HC-C, (item 9) consistent with the asset category in which the holding company reports its IDBs on
its balance sheet for other financial reporting purposes.
Regardless of whether they are reported as securities in
Schedule HC-B or as loans in Schedule HC-C, all IDBs
that meet the definition of a “security” in ASC Topic 320,
Investment-Debt Securities (formerly FASB Statement
No. 115, Accounting for Certain Investments in Debt and
Equity Securities) must be measured in accordance with
ASC Topic 320.
Treatment of other obligations of state and political
subdivisions in the U.S. In addition to those IDBs that are
reported as securities in accordance with the preceding
paragraph, also include in this item as securities issued by
states and political subdivisions in the U.S., all obligations other than IDBs that meet any of the following
criteria:
(1) Nonrated obligations of states and political subdivisions in the U.S., other than those specifically excluded
below, that the holding company considers securities
for other financial reporting purposes.
(2) Notes, bonds, and debentures (including tax warrants
and tax-anticipation notes) that are rated by a
nationally-recognized rating service.
(3) Obligations of state and local governments that
are guaranteed by the U.S. government (excluding
mortgage-backed securities).
Exclude from item 3:
(1) All overdrafts of states and political subdivisions in
the U.S. (report as loans in Schedule HC, item 4(b),
and Schedule HC-C, item 9).
(2) All lease financing receivables of states and political
subdivisions in the U.S. (report as leases in Schedule HC, item 4(b), and Schedule HC-C, item 10).
(3) All IDBs that are to be reported as loans in accordance with the reporting treatment described above
(report as loans in Schedule HC, item 4(b), and
Schedule HC-C; item 9).
(4) All other nonrated obligations of states and political
subdivisions in the U.S. that the holding company
considers loans for other financial reporting purposes
(report as loans in Schedule HC, item 4(b), and
Schedule HC-C, item 9).
HC-B-4
(5) All mortgage pass-through securities issued by state
and local housing authorities in the U.S. (report in
Schedule HC-B, item 4(a) below).
(6) Collateralized mortgage obligations (CMOs), real
estate mortgage investments conduits (REMICs),
CMO and REMIC residuals, and stripped mortgagebacked securities (such as interest-only strips (IOs),
principal-only strips (POs), and similar instruments)
issued by state and local housing authorities in the
U.S. (report in Schedule HC-B, item 4(b) below).
(7) All obligations of states and political subdivisions in
the U.S. held by the reporting holding company or its
consolidated subsidiaries in trading accounts (report
in Schedule HC, item 5).
Line Item 4
Mortgage-backed securities (MBS).
Note: Items 4(a)(1) through 4(a)(3) are to be completed
by holding companies with $5 billion or more in total
assets. Item 4(a)(4) is to be reported by holding companies with less than $5 billion in total assets.
Report in the appropriate columns of the appropriate
subitems the amortized cost and fair value of all residential and commercial mortgage-backed securities, including mortgage pass-through securities, collateralized mortgage obligations (CMOs), real estate mortgage investment
conduits (REMICs), CMO and REMIC residuals, stripped
mortgage-backed securities (such as interest-only strips
(IOs), principal-only strips (POs), and similar instruments), and mortgage-backed commercial paper not held
for trading. Include mortgage backed securities issued by
non-U.S. issuers.
Exclude from mortgage-backed securities:
(1) Securities backed by loans extended under home
equity lines, i.e., revolving open-end lines of credit
secured by 1-4 family residential properties (report as
asset-backed securities in Schedule HC-B, item 5,
and, if applicable, in Schedule HC-B, Memorandum
item 5(b), ‘‘Home equity lines’’).
(2) Bonds issued by the Federal National Mortgage
Association (FNMA) and the Federal Home Loan
Mortgage Corporation (FHLMC) that are collateralized by mortgages, i.e., mortgage-backed bonds,
(report in Schedule HC-B, item 2. “U.S. Government
agency and sponsored agency obligations”) and
Schedule HC-B
FR Y-9C
December 2019
Schedule HC-B
mortgage-backed bonds issued by non-U.S. Government issuers (report in Schedule HC-B, item 6,
“Other debt securities,” below).
(3) Participation certificates issued by the Export-Import
Bank and the General Services Administration (report
in Schedule HC-B, item 2, “U.S. Government agency
and sponsored agency obligations”).
(4) Participation certificates issued by a Federal Intermediate Credit Bank (report in Schedule HC-F, item 4,
“Equity investments without readily determinable
fair values”).
Line Item 4(a) Residential mortgage pass-through
securities.
Report in the appropriate columns of the appropriate
subitems the amortized cost and fair value of all holdings
of residential mortgage pass-through securities that are
not held for trading. In general, a residential mortgage
pass-through security represents an undivided interest in
a pool of loans secured by 1-4 family residential properties that provides the holder with a pro rata share of all
principal and interest payments on the residential mortgages in the pool, and includes certificates of participation in pools of residential mortgages.
Include certificates of participation in pools of 1-4 family
residential mortgages even though the reporting holding
company was the original holder of the mortgages underlying the pool and holds the instruments covering that
pool, as may be the case with GNMA certificates issued
by the holding company and swaps with FNMA and
FHLMC. Also include U.S. Government-issued participation certificates (PCs) that represent a pro rata share of all
principal and interest payments on a pool of resecuritized
participation certificates that, in turn, are backed by 1-4
family residential mortgages, e.g., FHLMC Giant PCs.
Exclude all holdings of commercial mortgage passthrough securities, including pass-through securities
backed by loans secured by multifamily (5 or more)
residential properties (report in Schedule HC-B, item
4(c)(1), below). Also exclude all collateralized mortgage
obligations (CMOs), real estate mortgage investment
conduits (REMICs), CMO and REMIC residuals, stripped
mortgage-backed securities (such as interest-only strips
(IOs), principal-only strips (POs), and similar instruments), and mortgage-backed commercial paper (report
in Schedule HC-B, item 4(b) or 4(c)(2), below, as
appropriate).
FR Y-9C
Schedule HC-B
December 2019
Line Item 4(a)(1) Guaranteed by GNMA.
Report in the appropriate columns the amortized cost and
fair value of all holdings of 1-4 family residential mortgage pass-through securities guaranteed by the Government National Mortgage Association (GNMA) that are
not held for trading. Exclude 1-4 family residential
mortgage pass-through securities issued by FNMA and
FHLMC (report in Schedule HC-B, item 4(a)(2), below).
Line Item 4(a)(2) Issued by FNMA and FHLMC.
Report in the appropriate columns the amortized cost and
fair value of all holdings of 1-4 family residential mortgage pass-through securities issued by the Federal
National Mortgage Association (FNMA) and the Federal
Home Loan Mortgage Corporation (FHLMC) that are not
held for trading. Exclude 1-4 family residential mortgage
pass-through securities that are guaranteed by the Government National Mortgage Association (GNMA) (report
in Schedule HC-B, item 4(a)(1), above).
Line Item 4(a)(3)
Other pass-through securities.
Report in the appropriate columns the amortized cost and
fair value of all holdings of 1-4 family residential mortgage pass-through securities issued by others (e.g., other
depository institutions, insurance companies, state and
local housing authorities in the U.S.) that are not guaranteed by the U.S. Government and are not held for trading.
If the holding company has issued pass-through securities backed by a pool of its own 1-4 family residential
mortgages and the certificates are not guaranteed by the
U.S. Government, any holdings of these pass-through
securities (not held for trading) are to be reported in this
item.
Line Item 4(a)(4) Guaranteed by GNMA, issued
by FNMA and FHLMC and other pass-through
securities.
Holding companies with less than $5 billion should
report Guaranteed by GNMA, issued by FNMA and
FHLMC and other pass-through securities. For more
information on reporting, refer to line item 4(a)1, 4(a) (2)
and 4(a)(3).
Line Item 4(b) Other residential mortgage-backed
securities.
Report in the appropriate columns of the appropriate
subitems the amortized cost and fair value of all 1-4
HC-B-5
Schedule HC-B
family residential mortgage-backed securities (MBS)
other than pass-through securities that are not held for
trading.
Line Item 4(b)(2) Collateralized by MBS issued or
guaranteed by U.S. Government agencies or
sponsored agencies.
Other residential mortgage-backed securities include:
Report in the appropriate columns the amortized cost and
fair value of all classes of CMOs, REMICs, CMO and
REMIC residuals, and stripped mortgage-backed securities issued by non-U.S. Government issuers (e.g., other
depository institutions, insurance companies, state and
local housing authorities in the U.S.) for which the
collateral consists of GNMA (Ginnie Mae) residential
pass-through securities, FNMA (Fannie Mae) residential
pass-through securities, FHLMC (Freddie Mac) residential participation certificates, or other residential
mortgage-backed securities (i.e., classes of CMOs or
REMICs, CMO or REMIC residuals, and stripped
mortgage-backed securities) issued or guaranteed by U.S.
Government agencies or U.S. Government-sponsored
agencies.
(1) All classes of collateralized mortgage obligations
(CMOs) and real estate mortgage investments conduits (REMICs) backed by loans secured by 1-4
family residential properties.
(2) CMO and REMIC residuals and similar interests
backed by loans secured by 1-4 family residential
properties.
(3) Stripped 1-4 family residential mortgage-backed
securities (such as interest-only strips (IOs), principalonly strips (POs), and similar instruments).
(4) Commercial paper backed by loans secured by 1-4
family residential properties.
(5) All classes of mortgage-backed securities backed by
loans secured by 1-4 family residential properties
that are not owner-occupied and for which repayment
will be derived from the rental income associated
with the properties or from sales of the properties
(such as single family rental mortgage-backed securities (SFR MBS)).
Line Item 4(b)(1) Issued or guaranteed by U.S.
Government agencies or sponsored agencies.
Report in the appropriate columns the amortized cost and
fair value of all classes of CMOs and REMICs, CMO and
REMIC residuals, and stripped mortgage-backed securities issued or guaranteed by U.S. Government agencies or
U.S. Government-sponsored agencies that are backed by
loans secured by 1-4 family residential properties. For
purposes of this report, include REMICs issued by the
U.S. Department of Veterans Affairs (VA) that are backed
by 1-4 family residential mortgages in this item.
U.S. Government agencies include, but are not limited to,
such agencies as the Government National Mortgage
Association (GNMA), the Federal Deposit Insurance
Corporation (FDIC) and the National Credit Union
Administration (NCUA). U.S. Government-sponsored
agencies include, but are not limited to, such agencies as
the Federal Home Loan Mortgage Corporation (FHLMC)
and the Federal National Mortgage Association (FNMA).
HC-B-6
Line Item 4(b)(3) All other residential MBS.
Report in the appropriate columns the amortized cost and
fair value of all CMOs, REMICs, CMO and REMIC
residuals, stripped mortgage-backed securities, and commercial paper backed by loans secured by 1-4 family
residential properties (or by securities collateralized by
such loans), including single family rental (SFR) MBS,
that have been issued by non-U.S. Government issuers
(e.g., other depository institutions, insurance companies,
state and local housing authorities in the U.S.), for which
the collateral does not consist of GNMA (Ginnie Mae)
residential pass-through securities, FNMA (Fannie Mae)
residential pass-through securities, FHLMC (Freddie
Mac) residential participation certificates, or other residential mortgage-backed securities (i.e., classes of CMOs
or REMICs, CMO or REMIC residuals, and stripped
mortgage-backed securities) issued or guaranteed by
FNMA, FHLMC, GNMA, or VA.
Line Item 4(c) Commercial MBS.
Report in the appropriate columns of the appropriate
subitems the amortized cost and fair value of all holdings
of commercial mortgage-backed securities issued by U.S.
Government-sponsored agencies or by others that are not
held for trading. In general, a commercial mortgagebacked security represents an interest in a pool of loans
secured by properties other than 1-4 family residential
properties.
Schedule HC-B
FR Y-9C
March 2018
Schedule HC-B
Line Item 4(c)(1) Commercial mortgage
pass-through securities.
been issued by U.S. Government agencies or U.S.
Government-sponsored agencies.
Report in the appropriate columns of the appropriate
subitems the amortized cost and fair value of all holdings
of commercial mortgage pass-through securities. In general, a commercial mortgage pass-through security represents an undivided interest in a pool of loans secured by
properties other than 1-4 family residential properties
that provides the holder with a pro rata share of all
principal and interest payments on the mortgages in the
pool.
U.S. Government agencies include, but are not limited to,
such agencies as the Government National Mortgage
Association (GNMA), the Federal Deposit Insurance
Corporation (FDIC) and the National Credit Union
Administration (NCUA). U.S. Government-sponsored
agencies include, but are not limited to, such agencies as
the Federal Home Loan Mortgage Corporation (FHLMC)
and the Federal National Mortgage Association (FNMA).
Line Item 4(c)(2)(b)
Line Item 4(c)(1)(a) Issued or guaranteed by
FNMA, FHLMC, or GNMA.
Report in the appropriate columns the amortized cost and
fair value of all holdings of commercial mortgage passthrough securities issued by the Federal National Mortgage Association (FNMA) or the Federal Home Loan
Mortgage Corporation (FHLMC) or guaranteed by the
Government National Mortgage Association (GNMA).
Also include commercial mortgage pass-through securities guaranteed by the Small Business Administration.
All other commercial MBS.
Report in the appropriate columns the amortized cost and
fair value of all CMOs, REMICs, CMO and REMIC
residuals, stripped mortgage-backed securities, and commercial paper backed by loans secured by properties
other than 1-4 family residential properties that have
been issued or guaranteed by non-U.S. Government
issuers.
Line Item 5 Asset-backed securities and
structured financial products:
Line Item 4(c)(1)(b) Other pass-through securities.
Line Item 5(a) Asset-backed securities.
Report in the appropriate columns the amortized cost and
fair value of all holdings of commercial mortgage passthrough securities issued or guaranteed by non-U.S.
Government issuers.
Report in the appropriate columns the amortized cost and
fair value of all asset-backed securities (other than
mortgage-backed securities), including asset-backed commercial paper, not held for trading. Include asset backed
securities issued by non-U.S. issuers. For holding companies with foreign offices or with $1 billion or more in
total assets, this item must equal Schedule HC-B, sum of
Memorandum items 5(a) through 5(f).
Line Item 4(c)(2) Other commercial
mortgage-backed securities.
Report in the appropriate columns of the appropriate
subitems the amortized cost and fair value of all CMOs,
REMICs, CMO and REMIC residuals, stripped mortgagebacked securities, and commercial paper backed by loans
secured by properties other than 1-4 family residential
properties. Exclude commercial mortgage pass-through
securities (report in Schedule HC-B, item 4(c)(1), above).
Line Item 4(c)(2)(a) Issued or guaranteed by U.S.
Government agencies or sponsored agencies.
Report in the appropriate columns the amortized cost and
fair value of all CMOs, REMICs, CMO and REMIC
residuals, stripped mortgage-backed securities, and commercial paper backed by loans secured by properties
other than 1-4 family residential properties that have
FR Y-9C
Schedule HC-B
March 2018
Line Item 5(b) Structured financial products.
Report in the appropriate columns the amortized cost and
fair value of all structured financial products not held for
trading. Include cash, synthetic, and hybrid instruments,
including those issued by non-U.S. issuers. For holding
companies with $10 billion or more in total assets, this
item must equal Schedule HC-B, sum of Memorandum
items 6(a) through 6(g). Structured financial products
generally convert a pool of assets (such as whole loans,
securitized assets, and bonds) and other exposures (such
as derivatives) into products that are tradable capital
market debt instruments. Some of the more complex
financial product structures mix asset classes in order to
create investment products that diversify risk.
HC-B-7
Schedule HC-B
(1) A cash instrument means that the instrument represents a claim against a reference pool of assets.
(2) A synthetic instrument means that the investors do
not have a claim against a reference pool of assets;
rather, the originating bank merely transfers the
inherent credit risk of the reference pool of assets by
such means as a credit default swap, a total return
swap, or another arrangement in which the counterparty agrees upon specific contractual covenants to
cover a predetermined amount of losses in the loan
pool.
(3) A hybrid instrument means that the instrument is a
mix of both cash and synthetic instruments.
One of the more common cash instrument structured
financial products is referred to as a collateralized debt
obligation (CDO). For example, include in this item
investments in CDOs for which the underlying collateral
is a pool of trust preferred securities issued by U.S.
business trusts organized by financial institutions or real
estate investment trusts. However, exclude from this item
investments in trust preferred securities issued by a single
U.S. business trust (report in Schedule HC-B, item 6(a),
“Other domestic debt securities”).
Other products include synthetic structured financial
products (such as synthetic CDOs) that use credit derivatives and a reference pool of assets, hybrid structured
products that mix cash and synthetic instruments, collateralized bond obligations (CBOs), resecuritizations such
as CDOs squared or cubed (which are CDOs backed
primarily by the tranches of other CDOs), and other
similar structured financial products.
Exclude from structured financial products:
(1) Mortgage-backed pass-through securities (report in
Schedule HC-B, item 4, above).
(2) Collateralized mortgage obligations (CMOs), real
estate mortgage investment conduits (REMICs), CMO
and REMIC residuals, stripped mortgage-backed
securities, and mortgage-backed commercial paper
(report in Schedule HC-B, item 4, above).
(3) Asset-backed commercial paper not held for trading
(report in Schedule HC-B, item 5(a), above).
(4) Asset-backed securities that are primarily secured by
one type of asset (report in Schedule HC-B, item
5(a), above).
HC-B-8
(5) Securities backed by loans that are commonly
regarded as asset-backed securities rather than collateralized loan obligations in the marketplace (report in
Schedule HC-B, item 5(a), above).
Line Item 6 Other debt securities.
Report in the appropriate columns the amortized cost and
fair value of all other debt securities that are not held
for trading that cannot properly be reported in Schedule HC-B, items 1 through 5 above.
Exclude from other debt securities:
(1) All holdings of certificates of participation in pools
of residential mortgages, collateralized mortgage
obligations (CMOs), real estate mortgage investment
conduits (REMICs), CMO and REMIC residuals,
and stripped mortgage-backed securities (such as
interest-only strips (IOs), principal-only strips (POs),
and similar instruments) (report in Schedule HC-B,
item 4 above).
(2) Holdings of bankers acceptances and certificates of
deposit (CDs), even if the CDs are negotiable or have
CUSIP numbers. (Report holdings of bankers acceptances as loans in Schedule HC, item 4(a) if held for
sale; item 4(b) if held for investment; and item 5, if
held for trading. Report holdings of CDs in Schedule
HC, item 1(b) if not held for trading; and item 5, if
held for trading.)
(3) All securities that meet the definition of an ‘‘equity
security’’ in ASC Topic 321, Investments-Equity
Securities (formerly FASB Statement No. 115,
Accounting for Certain Investments in Debt and
Equity Securities), for example, common and perpetual preferred stock. (See, for example, the instructions to Schedule HC, item 2(c), Schedule HC-B,
item 7, and Schedule HC-F, item 4.)
Line Item 6(a) Other domestic debt securities.
Include in this item:
(1) Bonds, notes, debenture, equipment trust certificates,
and commercial paper issued by U.S.-chartered corporations and other U.S. issuers and not reportable
elsewhere in Schedule HC-B.
(2) Preferred stock of U.S.-chartered corporations and
business trusts that by its terms either must be
Schedule HC-B
FR Y-9C
June 2018
Schedule HC-B
redeemed by the issuing corporation or trust or is
redeemable at the option of the holder, including trust
preferred securities subject to mandatory redemption.
(3) Detached U.S. government security coupons and
ex-coupon U.S. government securities held as the
result of either their purchase or the holding company’s stripping of such securities and Treasury
receipts such as CATs, TIGRs, COUGARs, LIONs,
and ETRs. (Refer to the Glossary entry for ‘‘coupon
stripping, Treasury receipts, and STRIPS’’ for additional information.)
Exclude from other domestic debt securities investments
in collateralized debt for which the underlying collateral
is a pool of trust preferred securities issues by U.S.
business trusts (report as structured financial products in
Schedule HC-B, item 5(b)).
Line Item 7 Not applicable.
Line Item 8 Total.
Report the sum of items 1 through 6b. For holding
companies that have not adopted FASB Accounting
Standards Update No. 2016-13 (ASU 2016-13), the total
of column A for this item must equal Schedule HC,
item 2(a), “Held-to-maturity securities.” The total for
column D must equal Schedule HC, item 2(b), “Availablefor-sale debt securities.”
For holding companies that have adopted ASU 2016-13,
which governs the accounting for credit losses, the total
of column A for this item must equal Schedule HC, item
2(a), “Held-to-maturity securities” plus Schedule HI-B,
Part II, item 7, column B, balance end of current period
for “Held-to-maturity debt securities,” and the total of
column D for this item must equal Schedule HC, item
2(b), “Available-for-sale debt securities.”
Line Item 6(b) Other foreign debt securities.
Report in the appropriate columns the amortized cost and
fair value of all other foreign debt securities not held for
trading issued by non-U.S.-chartered corporations, foreign governments, or special international organizations.
Other Foreign debt securities include:
(1) Bonds, notes, debentures, equipment trust certificates, and commercial paper issued by non-U.S.chartered corporations.
(2) Debt securities issued by foreign governmental units.
(3) Debt securities issued by international organizations
such as the International Bank for Reconstruction
and Development (World Bank), Inter-American
Development Bank, and Asian Development Bank.
(4) Preferred stock of non-U.S.-chartered corporations
that by its terms either must be redeemed by the
issuing enterprise or is redeemable at the option of
the investor (i.e., redeemable or limited-life preferred
stock).
NOTE: Investments in equity securities, including investment in mutual funds, with readily determinable fair
values not held for trading that were previously reportable in Schedule HC-B, item 7, columns C and D, should
be reported in Schedule HC, item 2(c), ″Equity securities
with readily determinable fair values not held for
trading″.
FR Y-9C
Schedule HC-B
December 2020
Line Item M1
Pledged securities.
Report the amortized cost of all held-to-maturity debt
securities included in Schedule HC-B, column A, above;
the fair value of all available-for-sale debt securities
included in Schedule HC-B, column D above; and the
fair value of all equity securities with readily determinable fair values not held for trading included in Schedule
HC, item 2c that are pledged to secure deposits, repurchase transactions, or other borrowings (regardless of the
balance of the deposits or other liabilities against which
the securities are pledged), as performance bonds under
futures or forward contracts, or for any other purpose.
Include as pledged securities:
(1) Held-to-maturity debt securities, available-for-sale
debt securities, and equity securities with readily
determinable fair values not held for trading that
have been ‘‘loaned’’ in securities borrowing/lending
transactions that do not qualify as sales under ASC
Topic 860, Transfers and Servicing (formerly FASB
Statement No. 140, ‘‘Accounting for Transfers and
Servicing of Financial Assets and Extinguishments
of Liabilities,’’ as amended).
(2) Held-to-maturity debt securities, available-for-sale
debt securities, and equity securities with readily
determinable fair values not held for trading securities held by consolidated variable interest entities
(VIEs) that can be used only to settle obligations of
HC-B-9
Schedule HC-B
the same consolidated VIEs (the amounts of which
are also reported in Schedule HC-V, item 1(b).
rate the debt security carries at any subsequent time
cannot be known at the time of origination.
(3) Held-to-maturity debt securities, available-for-sale
debt securities, and equity securities with readily
determinable fair values not held for trading owned
by consolidated insurance subsidiaries and held in
custodial trusts that are pledged to insurance companies external to the consolidated holding company.
When the rate on a debt security with a floating rate has
reached a contractual floor or ceiling level, the debt
security is to be treated as ‘‘fixed rate’’ rather than as
‘‘floating rate’’ until the rate is again free to float.
Line Item M2 Remaining maturity or next
repricing date of debt securities.
Report in memorandum items 2(a) through 2(c) below
the remaining maturity or next repricing date of debt
securities held by the consolidated holding company that
are included in items 1 through 6(b) above. Report the
amortized cost of held-to-maturity debt securities and the
fair value of available-for-sale debt securities as reported
in columns A and D above in the appropriate subitems.
Exclude from memorandum item 2 the holding company’s holdings of equity securities with readily determinable fair values not held for trading (reported in
Schedule HC, item 2(c)) (e.g., investments in mutual
funds, common stock, preferred stock). Also exclude
those debt securities that are reported as ‘‘nonaccrual’’ in
Schedule HC-N, item 10, column C.
For purposes of this memorandum item, the following
definitions apply:
Remaining maturity is the amount of time remaining
from the report date until the final contractual maturity of
the instrument without regard to the instrument’s repayment schedule, if any.
A fixed interest rate is a rate that is specified at the
origination of the transaction, is fixed and invariable
during the term of the debt security, and is known to both
the borrower and the lender. Also treated as a fixed
interest rate is a predetermined interest rate which is a
rate that changes during the term of the debt security on a
predetermined basis, with the exact rate of interest over
the life of the debt security known with certainty to both
the borrower and the lender when the debt security is
acquired.
A floating rate is a rate that varies, or can vary, in relation
to an index, to some other interest rate such as the rate on
certain U.S. Government securities or the ‘‘prime rate,’’
or to some other variable criterion the exact value of
which cannot be known in advance. Therefore, the exact
HC-B-10
Next repricing date is the date the interest rate on a
floating rate debt security can next change in accordance
with the terms of the contract (without regard to the
security’s repayment schedule, if any, or expected prepayments) or the contractual maturity date of the security, whichever is earlier.
Holding companies whose records or information systems provide data on the final contractual maturities, next
repricing dates, and expected average lives of their debt
securities for time periods that closely approximate the
maturity periods specified in Memorandum items 2(a)
through 2(c) (e.g., 359 or 360 days rather than 1 year)
may use these dates to complete Memorandum items 2(a)
through 2(c).
For debt securities with scheduled contractual payments,
holding companies whose records or information systems
provide repricing data that take into account these scheduled contractual payments, with or without the effect of
anticipated prepayments, may adjust these data in an
appropriate manner to derive reasonable estimates for the
final contractual maturities of fixed rate debt securities
and floating rate debt securities and the next repricing
dates of floating rate debt securities.
Callable fixed rate debt securities should be reported in
Memorandum items 2(a), 2(b) and 2(c) without regard to
their next call date unless the security has actually been
called. When fixed rate debt securities have been called,
they should be reported on the basis of the time remaining until the call date. Callable floating rate debt securities should be reported on the basis of their next repricing
date without regard to their next call date if the security
has not been called. Those that have been called should
be reported based on the earlier of their next repricing
date or their actual call date.
Fixed rate mortgage pass-through securities (such as
those guaranteed by the Government National Mortgage
Association (GNMA) or issued by the Federal Home
Loan Mortgage Corporation (FHLMC), the Federal
National Mortgage Association (FNMA), and certain
banks, savings associations, and securities dealers) and
Schedule HC-B
FR Y-9C
December 2020
Schedule HC-B
fixed rate Small Business Administration (SBA) ‘‘Guaranteed Loan Pool Certificates’’ should be reported on the
basis of the time remaining until their final contractual
maturity without regard to either expected prepayments
or scheduled contractual payments. Floating rate mortgage pass-through securities and SBA ‘‘Guaranteed Loan
Pool Certificates’’ should be reported on the basis of their
next repricing date.
Fixed rate debt securities that provide the reporting
holding company with the option to redeem them at one
or more specified dates prior to their contractual maturity
date, so-called ‘‘put bonds,’’ should be reported on the
basis of the time remaining until the next ‘‘put’’ date.
Floating rate ‘‘put bonds’’ should be reported on the basis
of their next repricing date without regard to ‘‘put’’ dates
if the holding company has not exercised the put. If a
‘‘put’’ has been exercised but the security has not yet
been repaid, the ‘‘put’’ bond should be reported based on
the earlier of its next repricing date or its scheduled
repayment date.
Zero coupon debt securities, including U.S. Treasury
bills, should be treated as fixed rate debt securities for
purposes of this Memorandum item.
Line Item M2(a)
1 year and less.
Report in this item all securities held by the consolidated
holding company with a remaining maturity or amount of
time remaining until next repricing date of one year or
less.
Line Item M2(b)
Over 1 year to 5 years.
Report in this item all securities held by the consolidated
holding company with a remaining maturity or amount of
time remaining until next repricing date over one year but
less than five years.
Line Item M2(c)
Over 5 years.
Report in this item all securities held by the consolidated
holding company with a remaining maturity or amount of
time remaining until next repricing date of over five
years.
Note: Memorandum item 3 is to be completed semiannually in the June and December reports only.
FR Y-9C
Schedule HC-B
June 2018
Line Item M3 Amortized cost of held-to-maturity
securities sold or transferred to available-for-sale or
trading securities during the calendar year-to-date.
If the reporting holding company has sold any held-tomaturity debt securities or has transferred any held-tomaturity debt securities to the available-for-sale or to
trading securities during the calendar year-to-date, report
the total amortized cost of these held-to-maturity debt
securities as of their date of sale or transfer.
Exclude the amortized cost of any held-to-maturity debt
security that has been sold near enough to (e.g., within
three months of) its maturity date (or call date if exercise
of the call is probable) that interest rate risk is substantially eliminated as a pricing factor. Also exclude the
amortized cost of any held-to-maturity debt security that
has been sold after the collection of a substantial portion
(i.e., at least 85 percent) of the principal outstanding at
acquisition due to prepayments on the debt security, or, if
the debt security is a fixed rate security, due to scheduled
payments payable in equal installments (both principal
and interest) over its term.
Line Item M4
Structured notes.
Report in this item all structured notes included in the
held-to-maturity and available-for-sale accounts and
reported in Schedule HC-B. In general, structured notes
are debt securities whose cash flow characteristics (coupon
rate, redemption amount, or stated maturity) depend upon
one or more indices and/or that have embedded forwards
or options or are otherwise commonly known as ‘‘structured notes.’’ Include as structured notes any assetbacked securities (other than mortgage-backed securities)
which possess the aforementioned characteristics.
Structured notes include, but are not limited to, the
following common structures:
(1) Floating rate debt securities whose payment of interest is based upon:
(a) a single index of a Constant Maturity Treasury
(CMT) rate or a Cost of Funds Index (COFI), or
(b) changes in the Consumer Price Index (CPI).
However, exclude from structured notes all U.S.
Treasury Inflation-Protected Securities (TIPS).
(2) Step-up Bonds. Step-up securities initially pay the
investor an above-market yield for a short noncall
period and then, if not called, “step up” to a higher
HC-B-11
Schedule HC-B
coupon rate (which will be below current market
rates). The investor initially receives a higher yield
because of having implicitly sold one or more call
options. A step-up bond may continue to contain call
options even after the bond has stepped up to the
higher coupon rate. A multistep bond has a series of
fixed and successively higher coupons over its life.
At each call date, if the bond is not called, the coupon
rate increases.
(3) Index Amortizing Notes (IANs). IANs repay principal according to a predetermined amortization
schedule that is linked to the level of a specific index
(usually the London Interbank Offered Rate—
LIBOR—or a specified prepayment rate). As market
interest rates increase (or prepayment rates decrease),
the maturity of an IAN extends, similar to that of a
collateralized mortgage obligation. When the principal payments on these notes are indexed to the
prepayment performance of a reference pool of mortgages or a reference mortgage-backed security, but
the notes themselves are not collateralized by the
mortgages or the mortgage-backed security, the notes
are sometimes marketed as Prepayment-Linked Notes.
(4) Dual Index Notes. These bonds have coupon rates
that are determined by the difference between
two market indices, typically the Constant Maturity
Treasury rate (CMT) and LIBOR. These bonds often
have a fixed coupon rate for a brief period, followed
by a longer period of variable rates, e.g., 8 percent
fixed for two years, then 10-year CMT plus 300 basis
points minus three-month LIBOR.
(5) De-leveraged Bonds. These bonds pay investors
according to a formula that is based upon a fraction
of the increase or decrease in a specified index, such
as the CMT rate or the prime rate. For example,
the coupon might be the 10-year CMT rate multiplied
by 0.5, plus 150 basis points. The deleveraging
multiplier (0.5) causes the coupon to lag overall
movements in market yields. A leveraged bond
would involve a multiplier greater than 1.
(6) Range Bonds. Range bonds (or accrual bonds) pay
the investor an above-market coupon rate as long as
the reference rate is between levels established at
issue. For each day that the reference rate is outside
this range, the bonds earn no interest. For example, if
LIBOR is the reference rate, a bond might pay
LIBOR plus 75 basis points for each day that LIBOR
HC-B-12
is between 3.5 and 5.0 percent. When LIBOR is less
than 3.5 percent or more than 5 percent, the bond
would accrue no interest.
(7) Inverse Floaters. These bonds have coupons that
increase as rates decline and decrease as rates rise.
The coupon is based upon a formula, such as 12 percent minus three-month LIBOR.
Exclude from structured notes floating rate debt securities denominated in U.S. dollars whose payment of
interest is based upon a single index of a Treasury bill
rate, the prime rate, or LIBOR and which do not contain
adjusting caps, adjusting floors, leverage, or variable
principal redemption. Furthermore, debt securities that
do not possess the aforementioned characteristics of a
structured note need not be reported as structured notes
solely because they are callable as of a specified date at
a specified price. In addition, debt securities that in the
past possessed the characteristics of a structured note, but
which have ‘‘fallen through’’ their structures (e.g., all of
the issuer’s call options have expired and there are no
more adjustments to the interest rate on the security),
need not be reported as structured notes.
Generally, municipal and corporate securities that have
periodic call options should not be reported as structured
notes. Although many of these securities have features
similar to those found in some structured notes (e.g.,
step-ups, which generally remain callable after a step-up
date), they are not commonly known as structured notes.
Examples of such callable securities that should not be
reported as structured notes include:
(1) Callable municipal and corporate bonds which have
single (or multiple) explicit call dates and then can be
called on any interest payment date after the
last explicit call date (i.e., they are continuously
callable).
(2) Callable federal agency securities that have continuous call features after an explicit call date, except
step-up bonds (which are structured notes).
The mere existence of simple caps and floors does not
necessarily make a security a structured note. Securities
with adjusting caps or floors (i.e., caps or floors that
change over time), however, are structured notes. Therefore, the following types of securities should not be
reported as structured notes:
(1) Variable rate securities, including Small Business
Administration ‘‘Guaranteed Loan Pool Certificates,’’
Schedule HC-B
FR Y-9C
June 2014
Schedule HC-B
unless they have features of securities which are
commonly known as structured notes (i.e., they are
inverse, range, or de-leveraged floaters, index amortizing notes, dual index or variable principal redemption or step-up bonds), or have adjusting caps or
floors.
(2) Mortgage-backed securities.
Line Item M4(a)
notes.
Amortized cost of structured
Report the amortized cost of all structured notes included
in the held-to-maturity and available-for-sale accounts.
The amortized cost of these securities should also be
reported in columns A and C of the body of Schedule HC-B.
Line Item M4(b)
Fair value of structured notes.
Report the fair (market) value of structured notes reported
in memorandum item 4(a) above. The fair value of these
securities should also be reported in columns B and D of
the body of Schedule HC-B. Do not combine or otherwise net the fair value of any structured note with the fair
or book value of any related asset, liability, or offbalance-sheet derivative instrument.
Line Item M5
Asset-backed securities.
Note: Memorandum item 5 is to be completed by
holding companies with $10 billion or more in total
assets.
Report in the appropriate columns of the appropriate
subitems the amortized cost and fair value of all assetbacked securities (other than mortgage-backed securities), including asset-backed commercial paper, not
held for trading. For each column, the sum of Memorandum items 5(a) through 5(f) must equal Schedule HC-B,
item 5(a).
For purposes of categorizing asset-backed securities in
Schedule HC-B, Memorandum items 5(a) through 5(f),
below, each individual asset-backed security should be
included in the item that most closely describes the
predominant type of asset that collateralizes the security
and this categorization should be used consistently over
time. For example, an asset-backed security may be
collateralized by automobile loans to both individuals
and business enterprises. If the prospectus for this assetbacked security or other available information indicates
that these automobile loans are predominantly loans to
FR Y-9C
Schedule HC-B
June 2018
individuals, the security should be reported in Schedule
HC-B, Memorandum item 5(c), as being collateralized
by automobile loans.
Line Item M5(a)
Credit card receivables.
Report in the appropriate columns the amortized cost and
fair value of all asset-backed securities collateralized by
credit card receivables, i.e., extensions of credit to individuals for household, family, and other personal expenditures arising from credit cards as defined for Schedule
HC-C, item 6(a).
Line Item M5(b)
Home equity lines.
Report in the appropriate columns the amortized cost and
fair value of all asset-backed securities collateralized by
home equity lines of credit, i.e., revolving, open-end
lines of credit secured by 1-to-4 family residential properties as defined for Schedule HC-C, item 1(c)(1).
Line Item M5(c)
Automobile loans.
Report in the appropriate columns the amortized cost and
fair value of all asset-backed securities collateralized by
automobile loans, i.e., loans to individuals for the purpose of purchasing private passenger vehicles, including
minivans, vans, sport-utility vehicles, pickup trucks, and
similar light trucks for personal use. Such loans are a
subset of ‘‘Other consumer loans,’’ as defined for Schedule HC-C, item 6(c).
Line Item M5(d)
Other consumer loans.
Report in the appropriate columns the amortized cost and
fair value of all asset-backed securities collateralized by
other consumer loans, i.e., loans to individuals for household, family, and other personal expenditures as defined
for Schedule HC-C, items 6(b) and 6(c), excluding
automobile loans as described in Schedule HC-B, Memorandum item 5(c), above.
Line Item M5(e)
Commercial and industrial loans.
Report in the appropriate columns the amortized cost and
fair value of all asset-backed securities collateralized by
commercial and industrial loans, i.e., loans for commercial and industrial purposes to sole proprietorships, partnerships, corporations, and other business enterprises,
whether secured (other than by real estate) or unsecured,
single-payment or installment, as defined for Schedule
HC-C, item 4.
HC-B-13
Schedule HC-B
Line Item M5(f)
Other.
Line Item M6(c)
Corporate and similar loans.
Report in the appropriate columns the amortized cost and
fair value of all asset-backed securities collateralized by
non-mortgage loans other than those described in Schedule HC-B, Memorandum items 5(a) through 5(e), above,
i.e., loans as defined for Schedule HC-C, items 2, 3, and 7
through 9; lease financing receivables as defined for
Schedule HC-C, item 10; and all other assets.
Report in the appropriate columns the amortized cost and
fair value of structured financial products supported
predominantly by corporate and similar loans.
Note: Memorandum item 6 is to be completed by
holding companies with $10 billion or more in total
assets.
Line ItemM6(d) 1-4 family residential MBS issued
or guaranteed by U.S. government-sponsored
enterprises (GSEs).
Line Item M6 Structured financial products by
underlying collateral or reference assets.
Report in the appropriate columns of the appropriate
subitems the amortized cost and fair value of all structured financial products (as defined in Schedule HC-B,
item 5(b), above) not held for trading by the predominant
type of collateral or reference assets supporting the
product. For each column, the sum of Memorandum
items 6(a) through 6(g) must equal Schedule HC-B, item
5(b).
Exclude securities backed by loans that are commonly
regarded as asset-backed securities rather than collateralized loan obligations in the marketplace (report in Schedule HC-B, item 5(a)).
Report in the appropriate columns the amortized cost and
fair value of structured financial products supported
predominantly by 1-4 family residential mortgage-backed
securities issued or guaranteed by U.S. governmentsponsored enterprises.
Line Item M6(e) 1-4 family residential MBS not
issued or guaranteed by GSEs.
Report in the appropriate columns the amortized cost and
fair value of structured financial products supported
predominantly by 1-4 family residential mortgage-backed
securities not issued or guaranteed by U.S. governmentsponsored enterprises.
Line Item M6(a) Trust preferred securities issued
by financial institutions.
Line Item M6(f) Diversified (mixed) pools of
structured financial products.
Report in the appropriate columns the amortized cost and
fair value of structured financial products supported
predominantly by trust preferred securities issued by
financial institutions.
Report in the appropriate columns the amortized cost and
fair value of structured financial products supported
predominantly by diversified (mixed) pools of structured
financial products. Include such products as CDOs
squared and cubed (also known as ‘‘pools of pools’’).
Line Item M6(b) Trust preferred securities issued
by real estate investment trusts.
Line Item M6(g)
assets.
Report in the appropriate columns the amortized cost and
fair value of structured financial products supported
predominantly by trust preferred securities issued by real
estate investment trusts.
Report in the appropriate columns the amortized cost and
fair value of structured financial products supported
predominantly by other types of collateral or reference
assets not identified above.
HC-B-14
Other collateral or reference
Schedule HC-B
FR Y-9C
June 2018
LINE ITEM INSTRUCTIONS FOR
Loan and Lease Financing Receivables
Schedule HC-C
General Instructions
Loans and lease financing receivables are extensions of
credit resulting from either direct negotiation between the
holding company or its consolidated subsidiaries and its
customers or the purchase of such assets from others.
(See the Glossary entries for ‘‘loan’’ and for ‘‘lease
accounting’’ for further information.)
All reporting holding companies must complete this
schedule regardless of whether or not it has foreign or
domestic offices. This schedule has two columns for
information on loans and lease financing receivables.
Column A provides loan and lease detail for the fully
consolidated holding company and column B provides
detail on loans and leases held by the domestic offices of
the reporting holding company. (See the Glossary entry
for ‘‘domestic office’’ for the definition of this term.)
Report all loans and leases that the holding company has
the intent and ability to hold for the foreseeable future or
until maturity or payoff, i.e., loans and leases held for
investment, in Schedule HC-C. Also report in Schedule
HC-C all loans and leases held for sale as part of the
consolidated holding company’s mortgage banking activities or activities of a similar nature involving other types
of loans. Include the fair value of all loans held for
investment and all loans held for sale that the holding
company has elected to report at fair value under a fair
value option. Loans reported at fair value in Schedule
HC-C should include only the fair value of the funded
portion of the loan. If the unfunded portion of the loan, if
any, is reported at fair value, this fair value should be
reported as an “Other asset” or an “Other liability,” as
appropriate, in Schedule HC, item 11 or item 20, respectively.
If the holding company has elected to apply the fair value
option to any loans held for investment or held for sale, it
also must report the fair value and unpaid principal
balance of these loans in the appropriate subitems of
FR Y-9C
Schedule HC-C
June 2018
Schedule HC-Q, Memorandum items 3 and 4, respectively.
Exclude from Schedule HC-C all loans and leases classified as trading (report in Schedule HC, item 5, ‘‘Trading
assets,’’ and, in the appropriate items of Schedule HC-D,
Trading Assets and Liabilities, and Schedule HC-Q, Financial Assets and Liabilities Measured at Fair Value on a
Recurring Basis, if applicable).
When a loan is acquired (through origination or purchase) with the intent or expectation that it may or will be
sold at some indefinite date in the future, the loan should
be reported as held for sale or held for investment, based
on facts and circumstances, in accordance with generally
accepted accounting principles and related supervisory
guidance. In addition, a loan acquired and held for
securitization purposes should be reported as a loan held
for sale, provided the securitization transaction will be
accounted for as a sale under ASC Topic 860, Transfers
and Servicing (formerly FASB Statement No. 140,
Accounting for Transfers and Servicing of Financial
Assets and Extinguishments of Liabilities). Notwithstanding the above, holding companies may classify loans as
trading if the holding company applies fair value accounting, with changes in fair value reported in current earnings, and manages these assets and liabilities as trading
positions, subject to the controls and applicable regulatory guidance related to trading activities. For example, a
holding company would generally not classify a loan that
meets these criteria as a trading asset unless the holding
company holds the loan for one of the following purposes: (a) for market making activities, including such
activities as accumulating loans for sale or securitization;
(b) to benefit from actual or expected price movements;
or (c) to lock in arbitrage profits.
Loans held for sale (not classified as trading in accordance
with the preceding instruction) shall be reported in Schedule HC-C at the lower of cost or fair value as of the report
HC-C-1
Schedule HC-C
date, except for those that the holding company has
elected to account for at fair value under a fair value
option. For loans held for sale that are reported at the lower
of cost or fair value, the amount by which cost exceeds fair
value, if any, shall be accounted for as a valuation allowance. For further information, see ASC Subtopic 948-310,
Financial Services-Mortgage Banking – Receivables (formerly FASB Statement No. 65, Accounting for Certain
Mortgage Banking Activities), as amended), ASC Subtopic 310-10, Receivables – Overall (formerly AICPA
Statement of Position 01-6, Accounting by Certain Entities (Including Entities With Trade Receivables) That
Lend to or Finance the Activities of Others), and the
March 26, 2001, Interagency Guidance on Certain Loans
Held for Sale.
Holding companies that have not adopted FASB Accounting Standards Update No. 2016-13 (ASU 2016-13),
which governs the accounting for credit losses, should
report loans and leases held for investment in this
schedule without any deduction for the allowance for
loan and lease losses or any allocated transfer risk
reserves related to loans and leases, which are to be
reported in Schedule HC, item 4(c), ‘‘Allowance for loan
and lease losses.’’
Holding companies that have adopted ASU 2016-13
should report loans and leases held for investment in this
schedule without any deduction for allowances for credit
losses on loans and leases or any allocated transfer risk
reserves related to loans and leases, which are to be
reported in Schedule HC, item 4.c, “Allowance for loan
and lease losses.”
Each item in this schedule should be reported net
of (1) unearned income (to the extent possible)
and (2) deposits accumulated for the payment of personal
loans (hypothecated deposits). Net unamortized loan fees
represent an adjustment of the loan yield, and shall be
reported in this schedule in the same manner as unearned
income on loans, i.e., deducted from the related loan
balances (to the extent possible) or deducted from total
loans in Schedule HC-C, item 11, ‘‘LESS: Any unearned
income on loans reflected in items 1–9 above.’’ Net
unamortized direct loan origination costs shall be added
to the related loan balances in each item in this schedule.
(See the Glossary entry for ‘‘loan fees’’ for further
information.)
For holding companies that have not adopted ASU
2016-13, “Purchased credit-impaired loans” are loans
HC-C-2
accounted for in accordance with ASC Subtopic 310-30,
Receivables – Loans and Debt Securities Acquired with
Deteriorated Credit Quality (formerly AICPA Statement
of Position 03-3, Accounting for Certain Loans or Debt
Securities Acquired in a Transfer), that a holding company has purchased, including those acquired in a purchase business combination, where there is evidence of
deterioration of credit quality since the origination of the
loan and it is probable, at the purchase date, that the
holding company will be unable to collect all contractually required payments receivable. Neither the accretable
yield nor the nonaccretable difference associated with
purchased credit-impaired loans should be reported as
unearned income in Schedule HC-C, item 11. In addition,
the nonaccretable difference, must not be recognized as
an adjustment of yield, loss accrual, or valuation allowance.
For holding companies that have adopted ASU 2016-13,
“purchased credit-deteriorated loans” are acquired individual loans (or acquired groups of loans with similar
risk characteristics) accounted for in accordance with
ASC Topic 326, Financial Instruments—Credit Losses,
that, as of the date of acquisition, have experienced a
more-than-insignificant deterioration in credit quality
since origination, as determined by the acquiring institution’s assessment. Unless accounted for at fair value
under a fair value option, purchased credit-deteriorated
loans should be reported in Schedule HC-C, at amortized
cost. Any noncredit discount or premium on a purchased
credit-deteriorated loan should not be reported as unearned
income in Schedule HC-C, item 11.
If, as a result of a change in circumstances, the holding
company regains control of a loan previously accounted
for appropriately as having been sold because one or
more of the conditions for sale accounting in ASC Topic
860 are no longer met, such a change should be accounted
for in the same manner as a purchase of the loan from the
former transferee (purchaser) in exchange for liabilities
assumed. The rebooked loan must be reported as a loan
asset in Schedule HC-C either as a loan held for sale or a
loan held for investment, based on facts and circumstances, in accordance with generally accepted accounting principles. This accounting and reporting treatment
applies, for example, to U.S. Government-guaranteed or
insured residential mortgage loans backing Government
National Mortgage Association (GNMA) mortgagebacked securities that a holding company services after it
has securitized the loans in a transfer accounted for as a
Schedule HC-C
FR Y-9C
March 2020
Schedule HC-C
sale. If and when individual loans later meet delinquency
criteria specified by GNMA, the loans are eligible for
repurchase, the holding company is deemed to have
regained effective control over these loans, and the
delinquent loans must be brought back onto the holding
company’s books as loan assets.
Exclude all intracompany (i.e., between subsidiaries of
the consolidated holding company) transactions and all
loans and leases held for trading purposes.
All loans are classified according to security, borrower, or
purpose. All loans satisfying the criteria in the Glossary
entry for “Loans secured by real estate” (except those to
states and political subdivisions in the U.S.) should be
categorized as “Loans secured by real estate” in Schedule
HC-C. Loans secured by other collateral, such as securities, inventory, or automobiles would require further
examination on both purpose and borrower to properly
categorize the loans in Schedule HC-C. For loan categories in Schedule HC-C that include certain loans to
individuals, the term “individual” may include a trust or
other entity that acts of behalf of (or in place of) an
individual or a group of individuals for purposes of
obtaining the loan. Loans covering two or more classifications are sometimes difficult to classify. In such
instances, classify the entire loan according to the major
criterion.
Report in this schedule all loans that the reporting
holding company or its consolidated subsidiaries have
sold under repurchase agreements. Also report all loans
and leases on the books of the reporting holding company
even if on the report date they are past due and collection
is doubtful. Exclude any loans or leases the holding
company has sold or charged off. Also exclude the fair
value of any assets received in full or partial satisfaction
of a loan or lease (unless the asset received is itself
reportable as a loan or lease) and any loans for which the
holding company has obtained physical possession of the
underlying collateral regardless of whether formal foreclosure or repossession proceedings have been instituted
against the borrower. Refer to the Glossary entries for
‘‘troubled debt restructurings’’ and ‘‘foreclosed assets’’
for further discussions of these topics.
When a holding company acquires either (1) a portion of
an entire loan that does not meet the definition of a
participating interest (i.e., a nonqualifying loan participation) or (2) a qualifying participating interest in a transfer
that does not does not meet all of the conditions for sale
FR Y-9C
Schedule HC-C
March 2018
accounting, it should normally report the loan participation or participating interest in Schedule HC, item 4(b),
‘‘Loans and leases, held for investment.’’ The holding
company also should report the loan participation or
participating interest in Schedule HC-C, in the loan
category appropriate to the underlying loan, e.g., as a
‘‘commercial and industrial loan’’ in item 4 or as a ‘‘loan
secured by real estate’’ in item 1. See the Glossary entry
for ‘‘transfers of financial assets’’ for further information.
Exclude, for purposes of this schedule, the following:
(1) Federal funds sold (in domestic offices), i.e., all loans
of immediately available funds (in domestic offices)
that mature in one business day or roll over under a
continuing contract, excluding funds lent in the form
of securities purchased under agreements to resell.
Report federal funds sold (in domestic offices) in
Schedule HC, item 3(a). However, report overnight
lending for commercial and industrial purposes as
loans in this schedule. Also report lending transactions in foreign offices involving immediately available funds with an original maturity of one business
day or under a continuing contract that are not
securities resale agreements as loans in this schedule.
(2) Lending transactions in the form of securities purchased under agreements to resell (report in Schedule
HC, item 3(b), ‘‘Securities purchased under agreements to resell’’).
(3) Contracts of sale or other loans indirectly representing other real estate (report in Schedule HC, item 7,
‘‘Other real estate owned’’).
(4) Undisbursed loan funds, sometimes referred to as
incomplete loans or loans in process, unless the
borrower is liable for and pays the interest thereon. If
interest is being paid by the borrower on the undisbursed proceeds, the amounts of such undisbursed
funds should be included in both loans and deposits.
(Do not include loan commitments that have not yet
been taken down, even if fees have been paid; see
Schedule HC-L, item 1).
(5) All holdings of commercial paper (report in Schedule
HC, item 5, if held for trading; report in Schedule
HC-B, item 4(b), “Other mortgage-backed securities,” item 5, ‘‘Asset-backed securities,’’ or item 6,
‘‘Other debt securities,’’ as appropriate, if held for
purposes other than trading).
HC-C-3
Schedule HC-C
Line Item 1 Loans secured by real estate.
Report all loans that meet the definition of a “loan
secured by real estate.” See the Glossary entry for “loan
secured by real estate” for the definition of this term.
For holding companies with domestic offices only:
Report loans secured by real estate as a single total in
column A for the consolidated holding company. Report
in column B within the appropriate subitem below loans
for construction, land development, and other land loans
when they are secured by real estate, loans secured by
farmland, by 1–4 family residential properties, by multifamily properties, and by nonfarm nonresidential properties. The total of the subitems in column B should equal
the consolidated total reported in column A.
For holding companies with domestic and foreign
offices: Report loans secured by real estate as a single
total in column A for the consolidated holding company
and by type of real estate collateral in the appropriate
subitem below in column B.
Include all loans (other than those to states and political
subdivisions in the U.S.), regardless of purpose and
regardless of whether originated by the holding company
or purchased from others, that are secured by real estate
at origination as evidenced by mortgages, deeds of trust,
land contracts, or other instruments, whether first or
junior liens (e.g., equity loans, second mortgages) on real
estate.
Include as loans secured by real estate:
(1) Loans secured by residential properties that are
guaranteed by the Farmers Home Administration
(FmHA) and extended, collected, and serviced by a
party other than the FmHA.
(2) Loans secured by properties and guaranteed by governmental entities in foreign countries.
(3) Participations in pools of Federal Housing Administration (FHA) Title I improvement loans that are
secured by liens (generally, junior liens) on residential properties.
(4) Loans secured by real estate that are guaranteed by
the Small Business Administration (SBA). Include
SBA ‘‘Guaranteed Interest Certificates,’’ which represent a beneficial interest in the entire SBAguaranteed portion of an individual loan, provided
the loan is a loan secured by real estate. (Exclude
SBA ‘‘Guaranteed Loan Pool Certificates,’’ which
HC-C-4
represent an undivided interest in a pool of SBAguaranteed portions of loans. SBA ‘‘Guaranteed Loan
Pool Certificates’’ should be reported as securities in
Schedule HC-B, item 2, or, if held for trading, in
Schedule HC, item 5.)
Exclude the following from loans secured by real estate:
(1) Obligations (other than securities) of states and
political subdivisions in the U.S. secured by real
estate (report in item 9 below).
(2) All loans and sales contracts indirectly representing
other real estate (report in Schedule HC, item 7,
‘‘Other real estate owned’’).
(3) Loans to real estate companies, real estate investment
trusts, mortgage lenders, and foreign nongovernmental entities that specialize in mortgage
loan originations and that service mortgages for other
lending institutions when the real estate mortgages or
similar liens on real estate are not sold to the
holding company but are merely pledged as collateral
(report below in item 2, “Loans to depository institutions and acceptances of other banks,” or as all other
loans in item 9, “Loans to nondepository financial
institutions and other loans,” as appropriate).
(4) Notes issued and insured by the Farmers Home
Administration and instruments (certificates of
beneficial ownership and insured note insurance
contracts) representing an interest in Farmers
Home Administration-insured notes (report in Schedule HC-B, item 2, ‘‘U.S. government agency obligations’’).
(5) Bonds issued by the Federal National Mortgage
Association or by the Federal Home Loan Mortgage
Corporation that are collateralized by residential
mortgages (report in Schedule HC-B, item 2).
(6) Pooled residential mortgages for which participation
certificates have been issued or guaranteed by the
Government National Mortgage Association, the
Federal National Mortgage Association, or the Federal Home Loan Mortgage Corporation (report in
Schedule HC-B, item 4(a)). However, if the reporting
holding company is the seller-servicer of the residential mortgages backing such securities and, as a result
of a change in circumstances, it must rebook any of
these mortgages because one or more of the conditions for sale accounting in ASC Topic 860, Transfers and Servicing (formerly FASB Statement
Schedule HC-C
FR Y-9C
June 2014
Schedule HC-C
No. 140, Accounting for Transfers and Servicing of
Financial Assets and Extinguishments of Liabilities,
as amended by FASB Statement No. 166, Accounting
for Transfers of Financial Assets), are no longer met,
the rebooked mortgages should be included in Schedule HC-C as loans secured by real estate.
Line Item 1(a) Construction, land development,
and other land loans.
Report in the appropriate subitem of column B loans
secured by real estate made to finance (a) land development (i.e., the process of improving land - laying sewers,
water pipes, etc.) preparatory to erecting new structures
or (b) the on-site construction of industrial, commercial,
residential, or farm buildings. For purposes of this item,
‘‘construction’’ includes not only construction of new
structures, but also additions or alterations to existing
structures and the demolition of existing structures to
make way for new structures.
Also include in this item:
(1) Loans secured by vacant land, except land known to
be used or usable for agricultural purposes, such as
crop and livestock production (which should be
reported in Schedule HC-C, item 1.b, below, as loans
secured by farmland).
(2) Loans secured by real estate the proceeds of which
are to be used to acquire and improve developed and
undeveloped property.
(3) Loans made under Title I or Title X of the National
Housing Act that conform to the definition of construction stated above and that are secured by real
estate.
Loans written as combination construction-permanent
loans secured by real estate should be reported in this
item until construction is completed or principal amortization payments begin, whichever comes first. When the
first of these events occurs, the loans should begin to be
reported in the real estate loan category in Schedule
HC-C, item 1, appropriate to the real estate collateral. For
purposes of these reports, a combination constructionpermanent loan arises when the lender enters into a
contractual agreement with the original borrower at the
time the construction loan is originated to also provide
the original borrower with permanent financing that
amortizes principal after construction is completed and a
certificate of occupancy is obtained (if applicable). This
FR Y-9C
Schedule HC-C
June 2014
construction-permanent loan structure is intended to
apply to situations where, at the time the construction
loan is originated, the original borrower:
• Is expected to be the owner-occupant of the property
upon completion of construction and receipt of a
certificate of occupancy (if applicable), for example,
where the financing is being provided to the original
borrower for the construction and permanent financing
of the borrower’s residence or place of business, or
• Is not expected to be the owner-occupant of the
property, but repayment of the permanent loan will be
derived from rental income associated with the property being constructed after receipt of a certificate of
occupancy (if applicable) rather than from the sale of
the property being constructed.
All construction loans secured by real estate, other than
combination construction-permanent loans as described
above, should continue to be reported in this item after
construction is completed unless and until (1) the loan is
refinanced into a new permanent loan by the reporting
holding company or is otherwise repaid, (2) the holding
company acquires or otherwise obtains physical possession of the underlying collateral in full satisfaction of the
debt, or (3) the loan is charged off. For purposes of these
reports, a construction loan is deemed to be refinanced
into a new permanent loan only if the holding company
originates:
• An amortizing permanent loan to a new borrower
(unrelated to the original borrower) who has purchased
the real property, or
• A prudently underwritten new amortizing permanent
loan at market terms to the original borrower including
an appropriate interest rate, maturity, and loan-to-value
ratio – that is no longer dependent on the sale of the
property for repayment. The loan should have a clearly
identified ongoing source of repayment sufficient to
service the required principal and interest payments
over a reasonable and customary period relative to the
type of property securing the new loan. A new loan to
the original borrower not meeting these criteria (including a new loan on interest-only terms or a new loan
with a short-term balloon maturity that is inconsistent
with the ongoing source of repayment criterion) should
continue to be reported as a ‘‘Construction, land development, and other land loan’’ in the appropriate subitem of Schedule HC-C, item 1(a).
HC-C-5
Schedule HC-C
Exclude loans to finance construction and land development that are not secured by real estate (report in other
items of Schedule HC-C, as appropriate).
Line Item 1(a)(1) 1–4 family residential construction loans.
Report in column B the amount outstanding of 1–4 family
residential construction loans, i.e., loans for the purpose of
constructing 1–4 family residential properties, which will
secure the loan. The term “1–4 family residential properties” is defined in Schedule HC-C, item 1(c), below. “1–4
family residential construction loans” include:
• Construction loans to developers secured by tracts of
land on which 1–4 family residential properties, including townhouses, are being constructed.
• Construction loans secured by individual parcels of land
on which single 1–4 family residential properties are
being constructed.
• Construction loans secured by buildings in which individual condominium dwelling units or individual cooperative housing units are being constructed, even if the
buildings have five or more units, where repayment will
come from sales of individual condominium dwelling
units or interests in individual cooperative housing
units, which are 1-4 family residential properties.
• Construction loans secured by single-family dwelling
units in detached or semi-detached structures, including
manufactured housing.
• Construction loans secured by duplex units and townhouses, excluding garden apartment projects where the
total number of units that will secure the permanent
mortgage is greater than four.
erative housing units, which are 1-4 family residential
properties.
• Bridge loans to developers on 1–4 family residential
properties where the buyer will not assume the same
loan, even if construction is completed or principal
amortization payments have begun.
Line Item 1(a)(2) Other construction loans and all
land development and other land loans.
Report in column B the amount outstanding of all
construction loans for purposes other than constructing
1–4 family residential properties, all land development
loans, and all other land loans. Include loans for the
development of building lots and loans secured by vacant
land, unless the same loan finances the construction of
1–4 family residential properties on the property.
Line Item 1(b) Secured by farmland.
Report in this item loans secured by farmland and
improvements thereon, as evidenced by mortgages or
other liens. Farmland includes all land known to be used
or usable for agricultural purposes, such as crop and
livestock production. Farmland includes grazing or pasture land, whether tillable or not and whether wooded or
not.
Include loans secured by farmland that are guaranteed by
the Farmers Home Administration (FmHA) and extended,
collected, and serviced by a party other than the FmHA.
Exclude, however, loans extended, serviced, collected,
and insured by FmHA (report in Schedule HC-B, item 2,
‘‘U.S. government agency obligations.’’) Also exclude
loans for farm property construction and land development purpose (report in Schedule HC-C, item 1(a)
above).
• Combination land and construction loans on 1–4 family
residential properties, regardless of the current stage of
construction or development.
Line Item 1(c) Secured by 1–4 family residential
properties.
• Combination construction-permanent loans on 1–4
family residential properties until construction is completed or principal amortization payments begin, whichever comes first.
Report in this item open-end and closed-end loans
secured by real estate as evidenced by mortgages (FHA,
FmHA, VA, or conventional) or other liens on the
following:
• Loans secured by apartment buildings undergoing conversion to condominiums or cooperatives, regardless of
the extent of planned construction or renovation, where
repayment will come from sales of individual condominium dwelling units or interests in individual coop-
(1) Nonfarm property containing 1 to 4 dwelling units
(including vacation homes) or more than 4 dwelling
units if each is separated from other units by dividing walls that extend from ground to roof (e.g., row
houses, townhouses, or the like).
HC-C-6
Schedule HC-C
FR Y-9C
December 2020
Schedule HC-C
(2) Mobile homes where (a) state laws define the purchase or holding of a mobile home as the purchase or
holding of real property and where (b) the loan to
purchase the mobile home is secured by that mobile
home as evidenced by a mortgage or other instrument
on real property.
(3) Individual condominium dwelling units and loans
secured by an interest in individual cooperative housing units, even if in a building with five or more
dwelling units.
(4) Housekeeping dwellings with commercial units combined where use is primarily residential and where
only 1 to 4 family dwelling units are involved.
A home equity line of credit (HELOC) is a revolving
open-end line of credit secured by a lien on a 1-to-4
family residential property that generally provides a draw
period followed by a repayment period. During the draw
period, a borrower has revolving access to unused
amounts under a specified line of credit. During the
repayment period, the borrower can no longer draw on
the line of credit and the outstanding principal is either
due immediately in a balloon payment or repaid over the
remaining term through monthly payments. HELOCs in
the draw period or in the repayment period should be
reported in Schedule HC-C, Part I, item 1.c.(1).1 Revolving open-end lines of credit that are no longer in the draw
period and have converted to non-revolving closed-end
status also should be reported in Schedule HC-C, Part I,
Memorandum item 15.
Reverse 1–4 family residential mortgages should be
reported in the appropriate subitem based on whether
they are closed-end or open-end mortgages. A reverse
mortgage is an arrangement in which a homeowner
borrows against the equity in his/her home and receives
cash either in a lump sum or through periodic payments.
However, unlike a traditional mortgage loan, no payment
1. All HELOCs that convert to non-revolving, closed-end status on or
after January 1, 2021, must be reported as open-end loans in Schedule
HC-C, Part I, 1.c.(1). A holding company that, as of March 31, 2020,
reports HELOCs that convert to non-revolving, closed-end status as closedend loans in Schedule HC-C, Part I, item 1.c.(2)(a) or 1.c.(2) (b), as
appropriate, may continue to report HELOCs that convert on or before
December 31, 2020, as closed-end loans in the FR Y-9C report for report
dates after that date. Alternatively, the holding company may choose to
begin reporting some or all of these closed-end HELOCs as open-end loans
in Schedule HC-C, Part I, item 1.c.(1) as of the March 31, 2020, or any
subsequent report date, provided this reporting treatment is consistently
applied.
FR Y-9C
Schedule HC-C
September 2020
is required until the borrower no longer uses the home as
his or her principal residence. Cash payments to the
borrower after closing, if any, and accrued interest are
added to the principal balance. These loans may have
caps on their maximum principal balance or they may
have clauses that permit the cap on the maximum principal balance to be increased under certain circumstances.
Homeowners generally have one of the following options
for receiving tax free loan proceeds from a reverse
mortgage: (1) one lump sum payment; (2) a line of credit;
(3) fixed monthly payments to homeowner either for a
specified term or for as long as the homeowner lives in
the home; or (4) a combination of the above. Reverse
mortgages that provide for a lump sum payment to the
borrower at closing, with no ability for the borrower to
receive additional funds under the mortgage at a later
date, should be reported as closed-end loans in Schedule
HC-C, item 1(c)(2). Normally, closed-end reverse mortgages are first liens and would be reported in Schedule
HC-C, item 1(c)(2)(a). Reverse mortgages that are structured like home equity lines of credit in that they provide
the borrower with additional funds after closing (either as
fixed monthly payments, under a line of credit, or both)
should be reported as open-end loans in Schedule HC-C,
item 1(c)(1). Open-end reverse mortgages also are normally first liens. Where there is a combination of both a
lump sum payment to the borrower at closing and
payments after the closing of the loan, the reverse
mortgage should be reported as an open-end loan in
Schedule HC-C, item 1(c)(1).
Exclude loans for 1-to-4 family residential property
construction and land development purposes (report in
Schedule HC-C, item 1(a)). Also, exclude loans secured
by vacant lots in established single-family residential
sections or in areas set aside primarily for 1-to-4 family
homes (report in Schedule HC-C, item 1(a)).
Line Item 1(c)(1) Revolving, open-end loans
secured by 1–4 family residential properties and
extended under lines of credit.
Report the amount outstanding under revolving, openend lines of credit secured by 1 to 4 family residential
properties, i.e. HELOCs.
Include revolving, open-end lines of credit secured by
1-to-4 family residential properties for which the draw
periods have ended and the loans have converted to
non-revolving closedend status.1 After their conversion,
HC-C-7
Schedule HC-C
such loans should also be reported in Schedule HC-C,
Part I, Memorandum item 15 beginning March 31, 2021.
Also include amounts drawn on a HELOC during its
draw period that the borrower has converted to a closedend loan before the end of this period (sometimes
referred to as a HELOC flex product).
Line Item 1(c)(2) Closed-end loans secured by
1–4 family residential properties.
Report in the appropriate subitem the amount of all
closed-end loans secured by 1 to 4 family residential
properties.
Exclude loans that were extended under revolving, openend lines of credit secured by 1-to-4 family residential
properties for which the draw periods have ended and the
loans have converted to non-revolving closed-end status
(report in Schedule HC-C, Part I, item 1.c(1) above).1
Line Item 1(c)(2)(a) Secured by first liens.
Report the amount of all closed-end loans secured by first
liens on 1 to 4 family residential properties.
Line Item 1(c)(2)(b) Secured by junior liens.
Report the amount of all closed-end loans secured by
junior (i.e., other than first) liens on 1 to 4 family
residential properties.
Line Item 1(d) Secured by multifamily (5 or more)
residential properties.
Report in this item all other nonfarm residential loans
secured by real estate as evidenced by mortgages (FHA
and conventional) or other liens. Specifically, include
loans on the following:
(1) Nonfarm properties with 5 or more dwelling units in
structures (including apartment buildings and apartment hotels) used primarily to accommodate households on a more or less permanent basis.
(2) 5 or more unit housekeeping dwellings with commercial units combined where use is primarily residential.
(3) Cooperative-type apartment buildings containing 5 or
more dwelling units.
Exclude loans for multifamily residential property construction and land development purposes and loans
secured by vacant lots in established multifamily residential sections or in areas set aside primarily for multifamHC-C-8
ily residential properties (report in item 1(a)(2)). Also
exclude loans secured by nonfarm nonresidential properties (report in item 1(e)).
Line Item 1(e) Secured by nonfarm nonresidential
properties.
Report in the appropriate subitem of column B loans
secured by real estate as evidenced by mortgages or other
liens on nonfarm nonresidential properties, including
business and industrial properties, hotels, motels,
churches, hospitals, educational and charitable institutions, dormitories, clubs, lodges, association buildings,
‘‘homes’’ for aged persons and orphans, golf courses,
recreational facilities, and similar properties.
Exclude loans for nonfarm nonresidential property construction and land development purposes (report in
Schedule HC-C, item 1(a)).
For purposes of reporting loans in Schedule HC-C, items
1(e)(1) and 1(e)(2), below, the determination as to
whether a nonfarm nonresidential property is considered
“owner-occupied” should be made upon acquisition
(origination or purchase) of the loan. Once a holding
company determines whether a loan should be reported
as “owner-occupied” or not, this determination need not
be reviewed thereafter.
Line Item 1(e)(1) Loans secured by
owner-occupied nonfarm nonresidential properties.
Report in column B the amount of loans secured by
owner-occupied nonfarm nonresidential properties.
“Loans secured by owner-occupied nonfarm nonresidential properties” are those nonfarm nonresidential property
loans for which the primary source of repayment is the
cash flow from the ongoing operations and activities
conducted by the party, or an affiliate of the party, who
owns the property. Thus, for loans secured by owneroccupied nonfarm nonresidential properties, the primary
source of repayment is not derived from third party,
nonaffiliated, rental income associated with the property
(i.e., any such rental income is less than 50 percent of the
source of repayment) or the proceeds of the sale, refinancing, or permanent financing of the property. Include
loans secured by hospitals, golf courses, recreational
facilities, and car washes unless the property is owned by
an investor who leases the property to the operator who,
in turn, is not related to or affiliated with the investor (in
which case, the loan should be reported in Schedule
Schedule HC-C
FR Y-9C
March 2020
Schedule HC-C
HC-C, item 1(e)(2), below). Also include loans secured
by churches unless the property is owned by an investor
who leases the property to the congregation (in which
case, the loan should be reported in Schedule HC-C, item
1(e)(2), below).
Line Item 1(e)(2) Loans secured by other nonfarm
nonresidential properties.
Report in column B the amount of nonfarm nonresidential real estate loans that are not secured by owneroccupied nonfarm nonresidential properties.
“Loans secured by other nonfarm nonresidential properties” are those nonfarm nonresidential property loans
where the primary source of repayment is derived from
rental income associated with the property (i.e., loans for
which 50 percent or more of the source of repayment
comes from third party, nonaffiliated, rental income) or
the proceeds of the sale, refinancing, or permanent
financing of the property. Include loans secured by
hotels, motels, dormitories, nursing homes, assistedliving facilities, mini-storage warehouse facilities, and
similar properties in this item as loans secured by other
nonfarm nonresidential properties.
In some instances, it may be appropriate to report loans
secured by nursing homes or assisted-living facilities in
Schedule HC-C, Part I, item 1.e. (1), “Loans secured by
owner-occupied nonfarm nonresidential properties.” The
owner-occupied determination for a loan secured by a
nursing home or an assisted-living facility is based on
whether 50 percent or more of the source of repayment
for the loan comes from the cash flow from the ongoing
operations and activities, such as medical or maintenance
services, conducted by the party, or an affiliate of the
party, who owns the property rather than from third party,
nonaffiliated, rental income associated with the property
or the proceeds from residents or patients exercising
“buy-in” options or “purchase” options on particular
units.
Line Item 2 Loans to depository institutions and
acceptances of other banks.
tory institutions in the domestic offices of the reporting
consolidated holding companies. Report in column A, on
a fully consolidated basis, the breakdown between loans
to U.S. addressees and loans to non-U.S. addressees.
Report all loans (other than those that meet the definition
of a ‘‘loan secured by real estate’’), including overdrafts
to banks, other depository institutions, and other associations, companies, and financial intermediaries whose
primary business is to accept deposits and to extend
credit for business or for personal expenditure purposes
and holdings at all bankers’ acceptances accepted by
other banks and not held for trading.
Depository institutions cover:
(1) Commercial banks in the U.S., including:
(a) U.S. branches and agencies of foreign banks, U.S.
branches and agencies of foreign official banking
institutions, and investment companies that are
chartered under Article XII of the New York
State banking law and are majority-owned by one
more foreign banks; and
(b) all other commercial banks in the U.S., i.e., U.S.
branches of U.S. banks;
(2) Depository institutions in the U.S., other than commercial banks, including:
(a) credit unions;
(b) mutual or stock savings banks;
(c) savings or building and loan associations;
(d) cooperative banks; and
(e) other similar depository institutions; and
(3) Banks in foreign countries, including:
(a) foreign-domiciled branches of other U.S. banks;
and
(b) foreign-domiciled branches of foreign banks.
See the Glossary entry for ‘‘banks, U.S. and
foreign’’ and ‘‘depository institutions in the U.S.’’
for further discussion of these terms.
For holding companies with only domestic offices:
Report in column A in the appropriate subitem loans to
U.S. addressees and loans to non-U.S. addressees. Report
the total in column B.
Include the following as loans to depository institutions
and acceptances of other banks:
For holding companies with domestic and foreign
offices: Report in column B the total of loans to deposi-
(1) Loans to depository institutions for the purpose of
purchasing or carrying securities.
FR Y-9C
Schedule HC-C
June 2019
HC-C-9
Schedule HC-C
(2) Loans to depository institutions for which the collateral is a mortgage instrument and not the underlying
real property. Report loans to depository institutions
where the collateral is the real estate itself, as evidenced by mortgages or similar liens, in item 1.
for the purpose of purchasing or carrying securities
(as described in Federal Reserve Regulation U)
and loans to ‘‘plan lenders’’ (as defined in Federal
Reserve Regulation G) (report in Schedule HC-C,
item 9(b)(1)).
(3) Purchases of mortgages and other loans under agreements to resell that do not involve the lending of
immediately available funds or that mature in more
than one business day, if acquired from depository
institutions.
(9) Loans to federally sponsored lending agencies
(report in Schedule HC-C, item 9(a)). (Refer to the
Glossary entry for ‘‘federally sponsored lending
agency’’ for the definition of this term.)
(4) The acceptances of the consolidated subsidiary banks
of the reporting holding company discounted and
held in their portfolios when the account party is
another depository institution.
(5) Any borrowing or lending of immediately available
funds that matures in more than one business day,
other than security repurchase and resale agreements.
Such transactions are sometimes referred to as ‘‘term
federal funds.’’
Exclude the following from loans to depository
institutions:
(1) All transactions reported in Schedule HC, item 3,
‘‘Federal funds sold and securities purchased under
agreements to resell.’’
(2) Loans secured by real estate, even if extended to
depository institutions (report in item 1).
(3) Loans to holding companies of depository institutions not owned or controlled by the reporting
holding company (report in Schedule HC-C,
item 9(a)).
(4) Loans to real estate investment trusts and to mortgage companies that specialize in mortgage loan
originations and warehousing or in mortgage loan
servicing (report in Schedule HC-C, item 9(a)).
(5) Loans to finance companies and insurance companies (report in Schedule HC-C, item 9(a)).
(6) Loans to brokers and dealers in securities, investment companies, and mutual funds (report in Schedule HC-C, item 9(b)(1)).
(7) Loans to Small Business Investment Companies
(report in Schedule HC-C, item 9(a)).
(8) Loans to lenders other than brokers, dealers, and
banks whose principal business is to extend credit
HC-C-10
(10) Dollar exchange acceptances created by foreign
governments and official institutions (report in
Schedule HC-C, item 7).
(11) Loans to foreign governments and official institutions, including foreign central banks (report in
Schedule HC-C, item 7). See the Glossary entry for
‘‘foreign governments and official institutions’’ for
the definition of this term.
(12) Acceptances accepted by the reporting holding
company, discounted, and held in its portfolio, when the account party is not another depository institution. Report such acceptances in other
items of Schedule HC-C, according to the account
party.
Line Item 2(a) To U.S. banks and other U.S.
depository institutions.
Report in this item for the fully consolidated holding
company all loans and acceptances and all other instruments evidencing loans (except those secured by real
estate) to depository institutions chartered and headquartered in the U.S. (including U.S.-chartered banks owned
by foreigners), but excluding U.S. branches and agencies
of foreign banks. Include in this item loans to both the
U.S. and foreign branches of U.S. banks. U.S. depository
institutions cover the following:
(1) U.S. commercial banks and their branches, wherever
located; and
(2) other depository institutions in the U.S., i.e.,
(a) credit unions;
(b) mutual or stock savings banks;
(c) savings or building and loan associations;
(d) cooperative banks; and
(e) other similar depository institutions.
Schedule HC-C
FR Y-9C
June 2014
Schedule HC-C
Line Item 2(b) To foreign banks.
Report in this item all loans and acceptances and other
instruments evidencing loans to both the U.S. and foreign
branches of banks chartered and headquartered in a
foreign country. Foreign banks cover the following:
(1) U.S. branches and agencies of foreign banks and
(2) foreign-domiciled branches of foreign banks.
For purposes of these reports, U.S. branches and agencies
of foreign banks include U.S. branches and agencies
of foreign official banking institutions and investment
companies that are chartered under Article XII of the
New York State banking law and that are majority-owned
by one or more foreign banks.
(See the Glossary entry for ‘‘banks, U.S. and foreign’’ for
further discussion of these terms.)
Exclude the following from this item:
(1) dollar exchange acceptances created by foreign governments and official institutions (report in item 7);
and
(2) loans to foreign governments and official institutions,
including foreign central banks (report in item 7).
(See the Glossary entry for ‘‘foreign governments and
official institutions’’ for the definition of this term.)
Also report in this item the holding company’s holdings
of all bankers acceptances accepted by other banks (both
U.S. and non-U.S. banks) and not held in trading accounts.
Acceptances accepted by other banks may be purchased
in the open market or discounted by the reporting holding
company or its consolidated subsidiaries. (For further
information, see the Glossary entry for ‘‘bankers’ acceptances.’’)
Exclude acceptances accepted by the consolidated subsidiary banks of the reporting holding company, discounted,
and held in their portfolios. Such acceptances are to be
reported in other items of this schedule according to the
account party.
Line Item 3 Loans to finance agricultural
production and other loans to farmers.
Report in columns A and B, as appropriate, loans for the
purpose of financing agricultural production. Include
such loans whether secured (other than those that meet
the definition of a ‘‘loan secured by real estate’’) or
unsecured and whether made to farm and ranch owners
FR Y-9C
Schedule HC-C
June 2014
and operators (including tenants) or to nonfarmers. All
other loans to farmers, other than those excluded below,
should also be reported in this item.
Include the following as loans to finance agricultural
production and other loans to farmers:
(1) Loans and advances made for the purpose of financing
agricultural production, including the growing and
storing of crops, the marketing or carrying of agricultural products by the growers thereof, and the breeding, raising, fattening, or marketing of livestock.
(2) Loans and advances made for the purpose of financing
fisheries and forestries, including loans to commercial fishermen.
(3) Agricultural notes and other notes of farmers that the
holding company has discounted for, or purchased
from, merchants and dealers, either with or without
recourse to the seller.
(4) Loans to farmers that are guaranteed by the Farmers
Home Administration (FmHA) or by the Small Business Administration (SBA) and that are extended,
serviced, and collected by a party other than the
FmHA or SBA. Include SBA ‘‘Guaranteed Interest
Certificates,’’ which represent a beneficial interest in
the entire SBA-guaranteed portion of an individual
loan, provided the loan is for the financing of agricultural production or other lending to farmers. (Exclude
SBA ‘‘Guaranteed Loan Pool Certificates,’’ which
represent an undivided interest in a pool of SBAguaranteed portions of loans. SBA ‘‘Guaranteed Loan
Pool Certificates’’ should be reported as securities in
Schedule HC-B, item 2.a, or, if held for trading, in
Schedule HC, item 5.)
(5) Loans and advances to farmers for purchases of farm
machinery, equipment, and implements.
(6) Loans and advances to farmers for all other purposes
associated with the maintenance or operations of the
farm, including the following:
(a) purchases of private passenger automobiles and
other retail consumer goods; and
(b) provisions for the living expenses of farmers or
ranchers and their families.
Loans to farmers for household, family, and other personal expenditures (including credit cards and related
plans) that are not readily identifiable as being made to
HC-C-11
Schedule HC-C
farmers need not be broken out of item 6 for inclusion in
this item.
These loans may take the form of direct or purchased
loans.
Exclude the following from loans to finance agricultural
production and other loans to farmers:
Include the acceptances of the consolidated banking
subsidiaries of the reporting holding company that they
hold in their portfolio when the account party is a
commercial or industrial enterprise. Also include loans to
individuals for commercial, industrial, and professional
purposes but not for investment or personal expenditure.
Exclude all commercial and industrial loans held in
trading accounts.
(1) Loans secured by real estate (report in item 1).
(2) Loans to farmers for commercial and industrial purposes, e.g., when a farmer is operating a business
enterprise as well as a farm (report in item 4).
(3) Loans to farmers for the purpose of purchasing or
carrying stocks, bonds, and other securities (report in
Schedule HC-C, item 9(b)(1)).
Include loans of the types listed below. These descriptions may overlap and are not all inclusive.
(4) Loans to farmers secured by oil or mining production
payments (report in item 4).
(1) Loans for commercial, industrial, and professional
purposes to
(5) Notes insured by the Farmers Home Administration
(FmHA) and instruments (certificates of beneficial
ownership, insured note insurance contracts) representing an interest in FmHA-insured notes (report
in Schedule HC-B, item 2, ‘‘U.S. government agency
obligations’’). Such notes and instruments are backed
by loans made, serviced, and collected by the FmHA
and were issued prior to January 1, 1975.
(a) mining, oil- and gas-producing, and quarrying
companies;
Line Item 4
Commercial and industrial loans.
Note: Items 4(a) and 4(b) are to be completed by HCs
with $5 billion or more in assets. Item 4(c) is to be
completed by holding companies with less than $5
billion in total assets.
For holding companies with domestic offices only:
Report in column A in the appropriate subitem loans to
U.S. addressees and loans to non-U.S. addressees. Report
the total in column B.
For holding companies with domestic and foreign
offices: Report in column B the total of commercial and
industrial loans for the domestic offices only of the
reporting consolidated holding companies. Report in
column A, on a fully consolidated basis, the breakdown
between loans to U.S. addressees and loans to non-U.S.
addressees.
Report loans for commercial and industrial purposes to
sole proprietorships, partnerships, corporations, and other
business enterprises, whether secured (other than those
that meet the definition of a ‘‘loan secured by real
estate’’) or unsecured, single-payment, or installment.
HC-C-12
(b) manufacturing companies of all kinds, including those that process agricultural
commodities;
(c) construction companies;
(d) transportation and communications companies
and public utilities;
(e) wholesale and retail trade enterprises and other
dealers in commodities;
(f) cooperative associations including farmers’
cooperatives;
(g) service enterprises such as hotels, motels, laundries, automotive service stations, and nursing
homes and hospitals operated for profit;
(h) insurance agents; and
(i) practitioners of law, medicine, and public
accounting.
(2) Loans for the purpose of financing capital expenditures and current operations.
(3) Loans to business enterprises guaranteed by the
Small Business Administration (SBA). Include
SBA ‘‘Guaranteed Interest Certificates,’’ which represent a beneficial interest in the entire SBAguaranteed portion of an individual loan, provided
the loan is for commercial and industrial purposes.
(Exclude SBA ‘‘Guaranteed Loan Pool Certificates,’’ which represent an undivided interest in a
Schedule HC-C
FR Y-9C
December 2019
Schedule HC-C
pool of SBA-guaranteed portions of loans. SBA
‘‘Guaranteed Loan Pool Certificates’’ should be
reported as securities in Schedule HC-B, item 2.a,
or, if held for trading, in Schedule HC, item 5.)
(3) Loans to nondepository financial institutions such
as real estate investment trusts, mortgage companies, and insurance companies (report in Schedule
HC-C, item 9(a)).
(4) Loans to farmers for commercial and industrial
purposes (when farmers operate a business enterprise as well as a farm).
(4) Loans for the purpose of purchasing or carrying
securities (report in Schedule HC-C, item 9(b)(1)).
(5) Loans supported by letters of commitment from the
Agency for International Development.
(6) Loans made to finance construction that do not
meet the definition of a ‘‘loan secured by real
estate.’’
(7) Loans to merchants or dealers on their own promissory notes secured by the pledge of their own
installment paper.
(8) Loans extended under credit cards and related plans
that are readily identifiable as being issued in the
name of a commercial or industrial enterprise.
(9) Dealer flooring or floor-plan loans.
(10) Loans collateralized by production payments (e.g.,
oil or mining production payments). Treat as a loan
to the original seller of the production payment
rather than to the holder of the production payment.
For example, report in this item, as a loan to an oil
company, a loan made to a nonprofit organization
collateralized by an oil production payment; do not
include in item 9 as a loan to the nonprofit
organization.
(11) Loans and participations in loans secured by conditional sales contracts made to finance the purchase
of commercial transportation equipment.
(12) Commercial and industrial loans guaranteed by
foreign governmental institutions.
(13) Overnight lending for commercial and industrial
purposes.
Exclude the following from commercial and industrial
loans:
(1) Loans that meet the definition of a ‘‘loan secured by
real estate,’’ even if for commercial and industrial
purposes (report in item 1).
(2) Loans to depository institutions (report in item 2).
FR Y-9C
Schedule HC-C
June 2014
(5) Loans for the purpose of financing agricultural
production, whether made to farmers or to nonagricultural businesses (report in item 3).
(6) Loans to nonprofit organizations, such as hospitals
or educational institutions (report in Schedule HC-C,
item 9(b)(2)), except those for which oil or mining
production payments serve as collateral that are to
be reported in this item.
(7) Holdings of acceptances accepted by other banks,
i.e., that are not consolidated on this report by the
reporting holding company (report in item 2).
(8) Holdings of acceptances of banking subsidiaries of
the consolidated holding company when the account
party is another bank (report in item 2) or a foreign
government or official institution (report in item 7).
(9) Equipment trust certificates (report in Schedule HC-B, item 7, or HC-F item 4, as appropriate).
(10) Any commercial or industrial loans and bankers
acceptances, held in the holding company’s trading
accounts (report in Schedule HC, item 5, ‘‘Trading
assets’’).
(11) Commercial paper (report in Schedule HC-B or
Schedule HC-D, as appropriate).
Line Item 4(a) To U.S. addressees (domicile).
Report in column A, as appropriate, all commercial and
industrial loans to U.S. addressees. (For a detailed discussion of U.S. and non-U.S. addressees, see the Glossary
entry for ‘‘domicile.’’)
Line Item 4(b) To non-U.S. addressees (domicile).
Report in column A, as appropriate, all commercial and
industrial loans to non-U.S. addressees. (For a detailed
discussion of U.S. and non-U.S. addressees, see the
Glossary entry for ‘‘domicile.’’)
Line Item 4(c) To U.S. addressees and non-U.S.
addresses (domicile)
Holding companies with less than $5 billion should
report in column A, as appropriate, all commercial and
HC-C-13
Schedule HC-C
industrial loans to U.S. and non-U.S. addressees. (For a
detailed discussion of U.S. and non-U.S. addressees, see
the Glossary entry for ‘‘domicile.’’)
Line Item 5 Not applicable.
Line Item 6 Loans to individuals for household,
family, and other personal expenditures (i.e.,
consumer loans) (includes purchased paper).
For holding companies with foreign offices, report the
amount outstanding of loans to individuals for household, family, and personal expenditures in domestic
offices in column B. Report in column A, on a fully
consolidated basis, the breakdown between credit cards,
other revolving credit plans, and other consumer loans.
If the reporting holding company has securitized credit
cards and has retained a seller’s interest that is not in the
form of a security, the carrying value of the seller’s
interest should be reported as credit card loans in this
item. For purposes of these reports, the term ‘‘seller’s
interest’’ means the reporting holding company’s ownership interest in loans that have been securitized, except an
interest that is a form of recourse or other seller-provided
credit enhancement. Seller’s interests differ from the
securities issued to investors by the securitization structure. The principal amount of a seller’s interest is generally equal to the total principal amount of the pool of
assets included in the securitization structure less the
principal amount of those assets attributable to investors,
i.e., in the form of securities issued to investors.
For holding companies with domestic offices only, report
in column A in the appropriate subitem below credit
cards, other revolving credit plans, and other consumer
loans. Report the total in column B.
Do not net credit balances resulting from overpayment
of account balances on credit cards. Report credit balances
in Schedule HC-E, items 1(a) or 2(a), as appropriate.
Report in the appropriate subitem all credit cards, other
revolving credit plans, and other loans to individuals for
household, family, and personal expenditures. Include
all loans to individuals for household, family, and other
personal expenditures that does not meet the definition of
a ‘‘loan secured by real estate,’’ whether direct loans or
purchased paper. Exclude loans to individuals for the
purpose of purchasing or carrying securities (report in
Schedule HC-C, item 9(b)(1)).
(1) Credit extended under credit plans to business enterprises (report in Schedule HC-C, item 4, ‘‘Commercial and industrial loans’’).
Deposits accumulated by borrowers for the payment of
personal loans (i.e., hypothecated deposits) should be
netted against the related loans.
Line Item 6(a) Credit cards.
Report all extensions of credit to individuals for household, family, and other personal expenditures arising
from credit cards. Report the total amount outstanding of
all funds advanced under these credit cards regardless
of whether there is a period before interest charges are
made. Report the total amount outstanding of all funds
advanced under these credit card plans, regardless of
whether there is a period before interest charges are
made. Report only amounts carried on the books of the
reporting holding company as loans that are outstanding
on the report date, even if the plan is shared with other
organizations and even if accounting and billing are done
by a correspondent bank or the accounting center of a
plan administered by others.
HC-C-14
Exclude from credit cards:
(2) All credit extended to individuals through credit
cards that meet the definition of a ‘‘loan secured by
real estate’’ (report in Schedule HC-C, item 1).
(3) All credit extended to individuals for household,
family, and other personal expenditures under prearranged overdraft plans (report in Schedule HC-C,
item 6(b)).
If the holding company acts only as agent or correspondent for the other banks or nonbank corporations and
carries no credit card or related plan assets on its books,
enter a ‘‘zero.’’ Holding companies that do not participate
in any such plan should also enter a zero.
Line Item 6(b) Other revolving credit plans.
Report all extensions of credit to individuals for household, family, and other personal expenditures arising
from prearranged overdraft plans and other revolving
credit plans not accessed by credit cards. Report the total
amount outstanding of all funds advanced under these
revolving credit plans, regardless of whether there is a
period before interest charges are made.
Do not net balances resulting from overpayment of
account balances on revolving credit plans. Report credit
Schedule HC-C
FR Y-9C
December 2019
Schedule HC-C
balances in Schedule HC-E, items 1(a) and 2(a) as
appropriate.
(8) Consumer automobile lease financing receivables
(report in Schedule HC-C, item 10(a)).
Exclude from other revolving credit plans:
All loans to individuals for household, family, and other
personal expenditures (i.e., consumer loans) originated or
purchased before April 1, 2011, that are collateralized by
automobiles, regardless of the purpose of the loan, may
be classified as automobile loans for purposes of this
schedule and other schedules in which information on
automobile loans is to be reported. For consumer loans
originated or purchased on or after April 1, 2011, banks
should exclude from automobile loans any personal cash
loans secured by automobiles already paid for and consumer loans where the purchase of an automobile is not
the primary purpose of the loan (report in Schedule
HC-C, item 6(d)).
(1) All ordinary (unplanned) overdrafts on transaction
accounts not associated with check credit or revolving credit operations (report in other items of Schedule HC-C as appropriate).
(2) Credit extended to individuals for household, family,
and other personal expenditures arising from credit
cards (report in Schedule HC-C, item 6(a)).
Line Item 6(c) Automobile loans.
Report all consumer loans extended for the purpose of
purchasing new and used passenger cars and other vehicles such as minivans, vans, sport-utility vehicles, pickup
trucks, and similar light trucks for personal use. Include
both direct and indirect consumer automobile loans as
well as retail installment sales paper purchased by the
bank from automobile dealers.
Exclude from automobile loans:
(1) Loans that meet the definition of a ‘‘loan secured by
real estate,’’ even if extended for the purpose of
purchasing an automobile.
(2) Consumer loans for purchases of, or otherwise
secured by, motorcycles, recreational vehicles, golf
carts, boats, and airplanes (report in Schedule HC-C,
item 6.d).
Line Item 6(d) Other consumer loans.
Report all other loans to individuals for household,
family, and other personal expenditures (other than those
that meet the definition of a ‘‘loan secured by real estate’’
and other than those for purchasing or carrying securities). Include loans for such purposes as:
(1) purchases of household appliances, furniture, trailers,
and boats;
(2) repairs or improvements to the borrower’s residence
(that do not meet the definition of a ‘‘loan secured by
real estate’’);
(3) educational expenses, including student loans;
(3) Personal cash loans secured by automobiles already
paid for (report in Schedule HC-C, item 6(d)).
(4) medical expenses;
(4) Vehicle flooring or floor-plan loans (report in Schedule HC-C, item 4).
(6) vacations;
(5) Loans to finance purchases of passenger cars and
other vehicles for commercial, industrial, state or
local government, or other nonpersonal nonagricultural use (report in Schedule HC-C, item 4, item 8, or
item 9, as appropriate).
(8) purchases of real estate or mobile homes to be used
as a residence by the borrower’s family (that do not
meet the definition of a ‘‘loan secured by real
estate’’); and
(6) Loans to finance vehicle fleet sales (report in Schedule HC-C, item 4).
(7) Loans to farmers for purchases of passenger cars and
other vehicles used in association with the maintenance or operations of the farm, and loans for
purchases of farm equipment (report in Schedule
HC-C, item 3).
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(5) personal taxes;
(7) consolidation of personal (nonbusiness) debts;
(9) other personal expenditures.
Other consumer loans may take the form of:
(1) Installment loans, demand loans, single payment
time loans, and hire purchase contracts (for purposes
other than retail sales of passenger cars and other
vehicles such as minivans, vans, sport-utility vehicles, pickup trucks, and similar light trucks for
HC-C-15
Schedule HC-C
personal use), and should be reported as loans to
individuals for household, family, and other personal
expenditures regardless of size or maturity and
regardless of whether the loans are made by the
consumer loan department or by any other department of the holding company.
(2) Retail installment sales paper purchased by the holding company from merchants or dealers (other than
dealers of passenger cars and other vehicles such as
minivans, vans, sport-utility vehicles, pickup trucks,
and similar light trucks), finance companies, and
others.
Exclude from other consumer loans:
(1) All direct and purchased loans, regardless of purpose,
that meet the definition of a ‘‘loan secured by real
estate’’ as evidenced by mortgages, deeds of trust,
land contracts, or other instruments, whether first or
junior liens (e.g., equity loans, second mortgages), on
real estate (report in Schedule HC-C, item 1).
(2) Loans to individuals that do not meet the definition of
a ‘‘loan secured by real estate’’ for the purpose of
investing in real estate when the real estate is not to
be used as a residence or vacation home by the
borrower or by members of the borrower’s family
(report as all other loans in Schedule HC-C, item
9(b)).
(3) Loans to individuals for commercial, industrial,
and professional purposes and for ‘‘floor plan’’ or
other wholesale financing (report in Schedule HC-C,
item 4).
(4) Loans to individuals for the purpose of purchasing
or carrying securities (report in Schedule HC-C, item
9(b)).
(5) Loans to individuals for investment (as distinct from
commercial, industrial, or professional) purposes
other than those for purchasing or carrying securities
(report as all other loans in Schedule HC-C, item
9(b)).
(6) Loans to merchants, automobile dealers, and finance
companies on their own promissory notes, secured
by the pledge of installment paper or similar instruments (report in Schedule HC-C, item 4, or as loans
to nondepository financial institutions in Schedule
HC-C, item 9(a), as appropriate).
HC-C-16
(7) Loans to farmers, regardless of purpose, to the extent
that can be readily identified as such loans (report in
Schedule HC-C, item 3).
(8) All credit extended to individuals for household,
family, and other personal expenditures arising from:
(a) Credit cards (report in Schedule HC-C, item
6(a));
(b) Prearranged overdraft plans (report in Schedule
HC-C, item 6(b)); and
(c) Retail sales of passenger cars and other vehicles
such as minivans, vans, sport-utility vehicles,
pickup trucks, and similar light trucks for personal use (report in Schedule HC-C, item 6(c)).
Line Item 7 Loans to foreign governments and
official institutions.
Report (in columns A and B when appropriate) all loans
(other than those secured by real estate), including
planned and unplanned overdrafts, to governments in
foreign countries, to their official institutions, and to
international and regional institutions. (See the Glossary
entry for ‘‘foreign governments and official institutions’’
for the definition of this term.)
Include bankers acceptances accepted by the subsidiary
banks of the reporting holding company and held in their
portfolio when the account party is a foreign government
or official institution, including such acceptances for the
purpose of financing dollar exchange. Exclude acceptances that are held in trading accounts.
Include loans to foreign governments, official institutions,
and international and regional institutions (other than
those that meet the definition of a ‘‘loan secured by real
estate’’), including planned and unplanned overdrafts.
Exclude the following from loans to foreign governments
and official institutions:
(1) Loans to nationalized banks and other banking institutions owned by foreign governments and not
functioning as central banks, banks of issue, or
development banks (report in item 2 above).
(2) Loans to U.S. branches and agencies of foreign
official banking institutions (report as a loan to a
commercial bank in the U.S. in item 2).
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(3) Loans to foreign-government-owned nonbank corporations and enterprises (report in item 4 or 9, as
appropriate).
investment companies that hold stock of operating
companies for management or development purposes.
(9) Loans to Small Business Investment Companies.
Line Item 8 Not applicable.
Line Item 9 Loans to nondepository financial
institutions and other loans.
Report in columns A and B, as appropriate, loans to
nondepository financial institutions, loans for purchasing
or carrying securities, and all other loans that cannot
properly be reported in one of the preceding items in this
schedule.
Loans to nondepository financial institutions include:
(1) Loans (other than those that meet the definition of a
‘‘loan secured by real estate’’) to real estate investment trusts and to mortgage companies that specialize in mortgage loan originations and warehousing or
in mortgage loan servicing. (Exclude outright purchases of mortgages or similar instruments by the
holding company from such companies, which unless held for trading - are to be reported in
Schedule HC-C, item 1.)
(2) Loans to other unrelated holding companies.
(3) Loans to insurance companies.
(4) Loans to finance companies, mortgage finance companies, factors and other financial intermediaries,
short-term business credit institutions that extend
credit to finance inventories or carry accounts receivable, and institutions whose functions are predominantly to finance personal expenditures (exclude
loans to financial corporations whose sole function is
to borrow money and relend it to its affiliated companies or a corporate joint venture in which an affiliated
company is a joint venturer).
(5) Loans to federally-sponsored lending agencies (see
the Glossary entry for ‘‘federally-sponsored lending
agency’’ for the definition of this term).
(6) Loans to investment banks.
Other loans include (1) loans for purchasing or carrying
securities and (2) all other loans, as described below.
Loans for purchasing or carrying securities include:
(1) All loans to brokers and dealers in securities (other
than those that meet the definition of a ‘‘loan secured
by real estate’’ and those to depository institutions).
(2) All loans, whether secured (other than those that
meet the definition of a ‘‘loan secured by real estate’’)
or unsecured, to any other borrower for the purpose
of purchasing or carrying securities, such as:
(a) Loans made to provide funds to pay for the
purchase of securities at settlement date.
(b) Loans made to provide funds to repay indebtedness incurred in purchasing securities.
(c) Loans that represent the renewal of loans to
purchase or carry securities.
(d) Loans to investment companies and mutual funds,
but excluding loans to Small Business Investment Companies.
(e) Loans to ‘‘plan lenders’’ as defined in Section
221.4(a) of Federal Reserve Regulation U.
(f) Loans to Employee Stock Ownership Plans
(ESOPs).
For purposes of this report, the purpose of a loan
collateralized by ‘‘stock’’ is determined as follows:
(a) For loans that are collateralized in whole or in
part by ‘‘margin stock,’’ as defined by Federal
Reserve Regulation U, the purpose of the loan is
determined by the latest Statement of Purpose
(Form FR U-1) on file.
(b) For loans that are collateralized by ‘‘stock’’ other
than ‘‘margin stock,’’ the holding company may
determine the purpose of the loan according to
the most current information available.
(7) Loans and advances made to a bank subsidiary’s own
trust department.
Exclude from loans for purchasing or carrying securities:
(8) Loans to other domestic and foreign financial intermediaries whose functions are predominantly the
extending of credit for business purposes, such as
(1) Loans to banks in foreign countries that act as
brokers and dealers in securities (report in Schedule
HC-C, item 2).
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HC-C-17
Schedule HC-C
(2) Loans to depository institutions for the purpose of
purchasing or carrying securities (report Schedule
HC-C, item 2).
to’’ deposit accounts of depository institutions in Schedule HC-C, item 2.
(3) Transactions reportable in Schedule HC, item 3,
‘‘Federal funds sold and securities purchased under
agreements to resell.’’
Line Item 9(a)
institutions.
(4) Loans that meet the definition of a ‘‘loan secured by
real estate’’ (report in Schedule HC-C, item 1).
All other loans include all loans and discounts (other than
loans to nondepository financial institutions and loans for
purchasing or carrying securities) that cannot properly be
reported in one of the preceding items in Schedule HC-C,
such as:
(1) Unplanned overdrafts to deposit accounts (except
overdrafts of depository institutions, which are to be
reported in Schedule HC-C, item 2; and overdrafts of
foreign governments and official institutions, which
are to be reported in Schedule HC-C, item 7.
(2) Loans (other than those that meet the definition of a
‘‘loan secured by real estate’’) to nonprofit organizations (e.g., churches, hospitals, educational and charitable institutions, clubs, and similar associations)
except those collateralized by production payments
where the proceeds ultimately go to a commercial or
industrial organization (which are to be reported in
Schedule HC-C, item 4).
(3) Loans to individuals for investment purposes (as
distinct from commercial, industrial, or professional
purposes), other than those that meet the definition of
a ‘‘loan secured by real estate.’’
(4) Obligations (other than securities and leases) of
states and political subdivisions in the U.S.
Exclude from all other loans extensions of credit initially
made in the form of planned or ‘‘advance agreement’’
overdrafts other than those made to borrowers of the
types whose obligations are specifically reportable in this
item (report such planned overdrafts in other items of
Schedule HC-C, as appropriate). For example, report
advances to banks in foreign countries in the form of
‘‘advance agreement’’ overdrafts as loans to depository
institutions in Schedule HC-C, item 2, and overdrafts
under consumer check-credit plans as ‘‘Other revolving
credit plans’’ to individuals in Schedule HC-C, item 6(b).
Report both planned and unplanned overdrafts on ‘‘due
HC-C-18
Loans to nondepository financial
Report in columns A and B, as appropriate, all loans to
nondepository financial institutions as described above.
Line Item 9(b)
Other loans.
Note: Item 9(b)(1) and 9(b)(2) are to be completed by
holding companies with $5 billion or more in total
consolidated assets. Item 9(b)(3) is to be reported by
holding companies with less than $5 billion in total
assets.
Line Item 9(b)(1) Loans for purchasing or
carrying securities.
Report in columns A and B, as appropriate, all loans for
purchasing or carrying securities as described above.
Line Item 9(b)(2)
All other loans.
Report in columns A and B, as appropriate, all other
loans as described above.
Line Item 9(b)(3) Loans for purchasing or
carrying securities and all other loans.
Holding companies with less than $5 billion should
report in columns A an B, as appropriate. Loans for
purchasing or carrying securities (secured or unsecured)
and all other loans (exclude consumer loans) as described
above.
Line Item 10 Lease financing receivables (net of
unearned income).
Report the net investments in all:
(1) Direct financing leases accounted for under ASC
Topic 840, Leases, by an institution that has not
adopted ASC Topic 842, Leases, including the estimated residual value of leased property and any
unamortized initial direct costs, net of unearned
income;
(2) Direct financing and sales-type leases accounted for
under ASC Topic 842 by an institution that has
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adopted ASC Topic 842, including the lease receivable, unamortized initial direct costs (if applicable),
and the unguaranteed residual asset, net of any
deferred selling profit on a direct financing lease; and
(3) Leveraged leases accounted for under ASC Topic 840
(including leveraged leases that were grandfathered
upon the adoption of ASC Topic 842 and remain
grandfathered).
Holding companies should report the total amount of
these leases in domestic offices in column B and a
breakdown of these leases for the fully consolidated
holding company between leases to individuals for
household, family, and other personal expenditures and
all other leases in column A. For further discussion of
leases where the holding company is the lessor, refer to
the Glossary entry for “lease accounting.”
Include all leases to states and political subdivisions in
the U.S. in this item.
Note: Items 10(a) and 10(b) are to be completed by
holding companies with $5 billion or more in total
consolidated assets. Item 10(c) is to be reported by
holding companies with less than $5 billion in total
assets.
Line Item 10(a) Leases to individuals for
household, family, and other personal expenditures.
Report in column A the net investments in all leases to
individuals for household, family, and other personal
expenditures (i.e., consumer leases). Include direct financing leases accounted for under ASC Topic 840, Leases,
by an institution that has not adopted ASC Topic 842,
Leases; direct financing and sales-type leases accounted
for under ASC Topic 842 by an institution that has
adopted this topic; and leveraged leases accounted for
under ASC Topic 840 (including those that were grandfathered upon the adoption of ASC Topic 842 and remain
grandfathered). For further information on extending
credit to individuals for consumer purposes, refer to the
instructions for Schedule HC-C, part I, items 6.c, “Automobile loans,” and 6.d, “Other consumer loans.”
institution that has not adopted ASC Topic 842, Leases;
direct financing and sales-type leases accounted for under
ASC Topic 842 by an institution that has adopted this
topic; and leveraged leases accounted for under ASC
Topic 840 (including those that were grandfathered upon
the adoption of ASC Topic 842 and remain grandfathered).
Line Item 10(c) Lease finance receivable.
Holding companies with less than $5 billion should
report in column A, all outstanding balances relating to
lease finance receivables acquired by the fully consolidated holding company. Include direct financing leases
accounted for under ASC Topic 840, Leases, by an
institution that has not adopted ASC Topic 842, Leases;
direct financing and sales-type leases accounted for under
ASC Topic 842 by an institution that has adopted this
topic; and leveraged leases accounted for under ASC
Topic 840 (including those that were grandfathered upon
the adoption of ASC Topic 842 and remain grandfathered).
Line Item 11 LESS: Any unearned income on
loans reflected in items 1–9 above.
To the extent possible, the preferred treatment is to report
the specific loan categories net of both unearned income
and net unamortized loan fees. A reporting holding
company should enter in columns A and B of this item, as
appropriate, unearned income and net unamortized loan
fees only to the extend that these amounts are included in
(i.e., not deducted from) the various loan items (items 1
through 9) of this schedule. If a holding company reports
each loan item of this schedule net of both unearned
income and net unamortized loan fees, enter a zero in this
item.
Do not include net unamortized direct loan origination
costs in this item; such costs must be added to the related
loan balances reported in Schedule HC-C, items 1
through 9. In addition, do not include unearned income
on lease financing receivables in this item. Leases should
be reported net of unearned income in Schedule HC-C,
item 10.
Line Item 10(b) All other leases.
Report in column A the net investments in all leases to
lessees other than for household, family, and other personal expenditure purposes. Include direct financing
leases accounted for under ASC Topic 840, Leases, by an
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September 2020
Line Item 12 Total loans and leases, held for
investment and held for sale.
Report in columns A and B, as appropriate, the sum of
items 1 through 10 less the amount reported in item 11.
HC-C-19
Schedule HC-C
The total of column A must equal Schedule HC, sum of
items 4(a) and 4(b).
Memoranda
Line Item M1 Loans restructured in troubled
debt restructurings that are in compliance with
their modified terms.
Report in the appropriate subitem loans that have been
restructured in troubled debt restructurings and are in
compliance with their modified terms. As set forth in
ASC Subtopic 310-40, Receivables – Troubled Debt
Restructurings by Creditors (formerly FASB Statement
No. 15, Accounting by Debtors and Creditors for Troubled
Debt Restructurings,’’ as amended by FASB Statement
No. 114, Accounting by Creditors for Impairment of a
Loan), a troubled debt restructuring is a restructuring of a
loan in which a holding company, for economic or legal
reasons related to a borrower’s financial difficulties,
grants a concession to the borrower that it would not
otherwise consider. For purposes of this Memorandum
item, the concession consists of a modification of terms,
such as a reduction of the loan’s stated interest rate,
principal, or accrued interest or an extension of the loan’s
maturity date at a stated interest rate lower than the
current market rate for new debt with similar risk,
regardless of whether the loan is secured or unsecured
and regardless of whether the loan is guaranteed by the
government or by others.
Once an obligation has been restructured in a troubled
debt restructuring, it continues to be considered a troubled
debt restructuring until paid in full or otherwise settled,
sold, or charged off. However, if a restructured obligation
is in compliance with its modified terms and the restructuring agreement specifies an interest rate that at the time
of the restructuring is greater than or equal to the rate that
the holding company was willing to accept for a new
extension of credit with comparable risk, the loan need
not continue to be reported as a troubled debt restructuring in this Memorandum item in calendar years after the
year in which the restructuring took place. A loan
extended or renewed at a stated interest rate equal to the
current interest rate for new debt with similar risk is not
considered a troubled debt restructuring. Also, a loan to a
third party purchaser of ‘‘other real estate owned’’ by the
reporting holding company for the purpose of facilitating
the disposal of such real estate is not considered a
HC-C-20
troubled debt restructuring. For further information, see
the Glossary entry for ‘‘troubled debt restructurings.’’
Include in the appropriate subitem all loans restructured
in troubled debt restructurings as defined above that are
in compliance with their modified terms, that is, restructured loans (1) on which all contractual payments of
principal or interest scheduled that are due under the
modified repayment terms have been paid or (2) on
which contractual payments of both principal and interest
scheduled under the modified repayment terms are less
than 30 days past due.
Exclude from this item (1) those loans restructured in
troubled debt restructurings on which under their modified repayment terms either principal or interest is 30
days or more past due and (2) those loans restructured in
troubled debt restructurings that are in nonaccrual status
under their modified repayment terms. Report such loans
restructured in troubled debt restructurings in the category and column appropriate to the loan in Schedule
HC-N, items 1 through 8, column A, B, or C, and in
Schedule HC-N, Memoranda items 1(a) through 1(f),
column A, B, or C.
Loan amounts should be reported net of unearned income
to the extent that they are reported net of unearned
income in Schedule HC-C.
Note: HC-C memo items 1(a)(1) through 1(d)(2) and
1(e)(3) through 1(f)(3)(c) are to be completed semiannually in June and December by HCs with less than $5
billion total assets.
Line Item M1(a) Construction, land development,
and other land loans (in domestic offices):
Line Item M1(a)(1) 1-4 family construction loans.
Report all loans secured by real estate for the purpose of
constructing 1-4 family residential properties (as defined
for Schedule HC-C, item 1(a)(1), column B) that have
been restructured in troubled debt restructurings and are
in compliance with their modified terms. Exclude from
this item 1-4 family construction loans restructured in
troubled debt restructurings that, under their modified
repayment terms, are past due 30 days or more or are in
nonaccrual status (report in Schedule HC-N, item 1(a)(1)
and Memorandum item 1(a)(1)).
Line Item M1(a)(2) Other construction loans and
all land development and other land loans.
Report all construction loans for purposes other than
constructing 1-4 family residential properties, all land
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Schedule HC-C
development loans, and all other land loans (as defined
for Schedule HC-C, item 1(a)(2), column B) that have
been restructured in troubled debt restructurings and are
in compliance with their modified terms. Exclude from
this item other construction loans and all land development and other land loans restructured in troubled debt
restructurings that, under their modified repayment terms,
are past due 30 days or more or are in nonaccrual status
(report in Schedule HC-N, item 1(a)(2) and Memorandum item 1(a)(2)).
Line Item M1(b) Loans secured by 1-4 family
residential properties (in domestic offices).
Report all loans secured by 1-4 family residential properties (in domestic offices) (as defined for Schedule HC-C,
item 1(c), column B) that have been restructured in
troubled debt restructurings and are in compliance with
their modified terms. Exclude from this item loans
secured by 1-4 family residential properties restructured
in troubled debt restructurings that, under their modified
repayment terms, are past due 30 days or more or are in
nonaccrual status (report in Schedule HC-N, item 1(c)
and Memorandum item 1(b)). Also exclude from this
item all 1-4 family construction loans that have been
restructured in troubled debt restructurings and are in
compliance with their modified terms (report in Schedule
HC-C, Memorandum item 1(a)(1), above).
Line Item M1(c) Loans secured by multifamily (5
or more) residential properties (in domestic offices).
Report all loans secured by multifamily (5 or more)
residential properties (in domestic offices) (as defined for
Schedule HC-C, item 1(d), column B) that have been
restructured in troubled debt restructurings and are in
compliance with their modified terms. Exclude from this
item loans secured by multifamily residential properties
restructured in troubled debt restructurings that, under
their modified repayment terms, are past due 30 days or
more or are in nonaccrual status (report in Schedule
HC-N, item 1(d) and Memorandum item 1(c)).
Line Item M1(d) Secured by nonfarm
nonresidential properties (in domestic offices):
Line Item M1(d)(1)) Loans secured by
owner-occupied nonfarm nonresidential properties.
Report all loans secured by owner-occupied nonfarm
nonresidential properties (as defined for Schedule HC-C,
item 1(e)(1), column B) that have been restructured in
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Schedule HC-C
December 2019
troubled debt restructurings and are in compliance with
their modified terms. Exclude from this item loans
secured by owner-occupied nonfarm nonresidential properties restructured in troubled debt restructurings that,
under their modified repayment terms, are past due 30
days or more or are in nonaccrual status (report in
Schedule HC-N, item 1(e)(1) and Memorandum item
1(d)(1)).
Line Item M1(d)(2) Loans secured by other
nonfarm nonresidential properties.
Report all loans secured by other nonfarm nonresidential
properties (as defined for Schedule HC-C, item 1(e)(2),
column B) that have been restructured in troubled debt
restructurings and are in compliance with their modified
terms. Exclude from this item loans secured by other
nonfarm nonresidential properties restructured in troubled
debt restructurings that, under their modified repayment
terms, are past due 30 days or more or are in nonaccrual
status (report in Schedule HC-N, item 1(e)(2) and Memorandum item 1(d)(2)).
Note: Items M1(e)(1) and M1(e)(2) are to be completed
by holding companies with $5 billion or more in total
assets. Item M1(e)(3) is to be reported by holding
companies with less than $5 billion in total assets.
Line Item M1(e)
Commercial and industrial loans.
Report all commercial and industrial loans (as defined for
Schedule HC-C, item 4) that have been restructured in
troubled debt restructurings and are in compliance with
their modified terms. Report a breakdown of these
restructured loans between those to U.S. and non-U.S.
addressees for the fully consolidated bank in Memorandum items 1(e)(1) and (2). Exclude commercial and
industrial loans restructured in troubled debt restructurings that, under their modified repayment terms, are past
due 30 days or more or are in nonaccrual status (report in
Schedule HC-N, item 4 and Memorandum item 1(e)).
Line Item M1(e)(1)
To U.S. addressees (domicile).
Report all commercial and industrial loans to U.S.
addressees (as defined for Schedule HC-C, item 4(a)) that
have been restructured in troubled debt restructurings and
are in compliance with their modified terms. Exclude
from this item commercial and industrial loans to U.S.
addressees restructured in troubled debt restructurings
that, under their modified repayment terms, are past due
30 days or more or are in nonaccrual status (report in
HC-C-21
Schedule HC-C
Schedule HC-N, item 4(a) and Memorandum item
1(e)(1)).
(4) Loans to individuals for household, family, and other
personal expenditures (as defined for Schedule HC-C
item 6);
Line Item M1(e)(2)
(domicile).
(5) Loans to foreign governments and official institutions (as defined for Schedule HC-C, item 7);
To non-U.S. addressees
Report all commercial and industrial loans to non-U.S.
addressees (as defined for Schedule HC-C, item 4(b))
that have been restructured in troubled debt restructurings and are in compliance with their modified terms.
Exclude from this item commercial and industrial loans
to non-U.S. addressees restructured in troubled debt
restructurings that, under their modified repayment terms,
are past due 30 days or more or are in nonaccrual status.
(6) Obligations (other than securities and leases) of
states and political subdivisions in the U.S. (included
in Schedule HC-C, item 9(b)(2));
Line Items M1(e)(3) To U.S. addresses and
non-U.S. addresses (domicile).
Report in Schedule HC-C, Memorandum items 1(f)(1)
through 1(f)(3), each category of loans within ‘‘All other
loans’’ that have been restructured in troubled debt
restructurings and are in compliance with their modified
terms, and the dollar amount of loans in such category,
that exceeds 10 percent of total loans restructured in
troubled debt restructurings that are in compliance with
their modified terms (i.e., 10 percent of the sum of
Schedule HC-C, Memorandum items 1(a) through 1(f)).
Preprinted captions have been provided in Memorandum
items 1(f)(1) through 1(f)(3) for reporting the amount of
such restructured loans for the following loan categories
if the amount for a loan category exceeds the 10 percent
reporting threshold: Loans secured by farmland (in
domestic offices); Loans to finance agricultural production and other loans to farmers; (Consumer) Credit cards;
Automobile loans: and Other consumer loans.
Holding companies with less than $5 billion should
report all commercial and industrial loans to U.S. addresses
and non-U.S. addresses that have been restructured in
troubled debt restructuring and are in compliance with
their modified terms. Exclude from this item commercial
and industrial loans restructured in troubled debt restructurings that, under their modified terms, are past due
30 days or more or are in nonaccrual status.
Line Item M1(f)
All other loans.
Report all other loans that cannot properly be reported in
Memorandum items 1(a) through 1(e) above that have
been restructured in troubled debt restructurings and are
in compliance with their modified terms. Exclude from
this item all other loans restructured in troubled debt
restructurings that, under their modified repayment terms,
are past due 30 days or more or are in nonaccrual status
(report in Schedule HC-N).
Include in this item loans in the following categories that
have been restructured in troubled debt restructurings and
are in compliance with their modified terms:
(1) Loans secured by farmland (in domestic offices) (as
defined for Schedule HC-C, item 1.b, column B);
(2) Loans to depository institutions and acceptances of
other banks (as defined for Schedule HC-C, item 2);
(3) Loans to finance agricultural production and other
loans to farmers (as defined for Schedule HC-C,
item 3);
HC-C-22
(7) Loans to nondepository financial institutions and
other loans (as defined for Schedule HC-C, item 9);
and
(8) Loans secured by real estate in foreign offices (as
defined for Schedule HC-C, item 1, column A).
Line Item M1(g) Total loans restructured in
troubled debt restructurings that are in compliance
with their modified terms.
Report the sum of Memorandum items 1.a.(1) through
(1.f.).
Line Item M2 Loans to finance commercial
real estate, construction, and land development
activities (not secured by real estate) included
in Schedule HC-C, items 4 and 9 above.
Report in this item loans to finance commercial and
residential real estate activities, e.g., acquiring, developing and renovating commercial and residential real
estate, that are reported in Schedule HC-C, item 4,
Schedule HC-C
FR Y-9C
December 2019
Schedule HC-C
“Commercial and industrial loans,” and item 9, “Other
loans,” column A.
Such loans generally may include:
(1) loans made for the express purpose of financing real
estate ventures as evidenced by loan documentation
or other circumstances connected with the loan; or
(2) loans made to organizations or individuals 80 percent
of whose revenue or assets are derived from or
consist of real estate ventures or holdings.
Exclude from this item all loans secured by real estate
that are reported in Schedule HC-C, item 1, above. Also
exclude loans to commercial and industrial firms where
the sole purpose for the loan is to construct a factory or
office building to house the company’s operations or
employees.
Note: Line items M3 and M4 are to be reported only by
holding companies with $5 billion or more in total
assets.
Line Item M3 Loans secured by real estate
to non-U.S. addressees (domicile) (included
in Schedule HC-C, item 1, column A)
Report the amount of loans secured by real estate to
non-U.S. addressees included in Schedule HC-C, item 1.
For a detailed discussion of U.S. and non-U.S. addressees, see the Glossary entry for ‘‘domicile.’’
Line Item M4 Outstanding credit card fees and
finance charges.
This item is to be completed by (1) holding companies
that, together with affıliated institutions, have outstanding credit card receivables that exceed $500 million as of
the report date or (2) holding companies that on a
consolidated basis are credit card specialty holding
companies.
Outstanding credit card receivables are the sum of:
(a) Schedule HC-C, item 6(a), column A;
(b) Schedule HC-S, item 1, column C; and
(c) Schedule HC-S, item 6(a), column C.
Credit card specialty holding companies are defined as
those holding companies that on a consolidated basis
exceed 50 percent for the following two criteria:
FR Y-9C
Schedule HC-C
December 2019
(a) the sum of credit card loans (Schedule HC-C,
item 6(a), column A) plus securitized and sold
credit card receivables (Schedule HC-S, item 1,
column C) divided by the sum of total loans
(Schedule HC-C, item 12, column A) plus securitized and sold credit card receivables (Schedule
HC-S, item 1, column C); and
(b) the sum of total loans (Schedule HC-C, item 12,
column A) plus securitized and sold credit card
receivables (Schedule HC-S, item 1, column C)
divided by the sum of total assets (Schedule HC,
item 12) plus securitized and sold credit card
receivables (Schedule HC-S, item 1, column C).
Report the amount of fees and finance charges included
in the amount of credit card receivables reported in
Schedule HC-C, item 6(a), column A.
Note: Memorandum items 5(a) and 5(b) are to be completed only by holding companies that have not adopted
ASU 2016-13 and are to be reported semiannually in the
June and December reports only. Holding companies
that have adopted ASU 2016-13 should leave these two
items blank.
Line Item M5 Purchased credit-impaired loans
held for investment accounted for in accordance
with ASC Subtopic 310-30.
Report in the appropriate subitem the outstanding balance and amount of ‘‘purchased credit-impaired loans’’
reported as held for investment in Schedule HC-C, items
1 through 9, and accounted for in accordance with ASC
Subtopic 310-30, Receivables – Loans and Debt Securities Acquired with Deteriorated Credit Quality (formerly
AICPA Statement of Position 03-3, Accounting for Certain Loans or Debt Securities Acquired in a Transfer).
Purchased credit-impaired loans are loans that a holding
company has purchased, including those acquired in a
purchase business combination, where there is evidence
of deterioration of credit quality since the origination of
the loan and it is probable, at the purchase date, that the
holding company will be unable to collect all contractually required payments receivable. Loans held for investment are those that the holding company has the intent
and ability to hold for the foreseeable future or until
maturity or payoff.
Line Item M5(a) Outstanding balance.
Report the outstanding balance of all purchased creditimpaired loans reported as held for investment in Schedule HC-C, items 1 through 9. The outstanding balance is
HC-C-23
Schedule HC-C
the undiscounted sum of all amounts, including amounts
deemed principal, interest, fees, penalties, and other
under the loan, owed to the holding company at the report
date, whether or not currently due and whether or not any
such amounts have been charged off. However, the
outstanding balance does not include amounts that would
be accrued under the contract as interest, fees, penalties,
and other after the report date.
Line Item M5(b) Amount included in Schedule
HC-C, items 1 through 9.
Report the carrying amount (before any allowances established after acquisition for decreases in cash flows
expected to be collected) of, i.e., the recorded investment
in, all purchased credit-impaired loans reported as held
for investment. The recorded investment in these loans
will have been included in Schedule HC-C, items 1
through 9.
Note: Memorandum items 6(a), 6(b), and 6(c) are to be
completed semiannually in the June and December
reports only.
Line Item M6 Closed-end loans with negative
amortization features secured by 1–4 family
residential properties in domestic offices.
Report in the appropriate subitem the amount of closedend loans with negative amortization features secured by
1–4 family residential properties and, if certain criteria
are met, the maximum remaining amount of negative
amortization contractually permitted on these loans and
the total amount of negative amortization included in the
amount of these loans. Negative amortization refers to a
method in which a loan is structured so that the borrower’s minimum monthly (or other periodic) payment is
contractually permitted to be less than the full amount of
interest owed to the lender, with the unpaid interest added
to the loan’s principal balance. The contractual terms of
the loan provide that if the borrower allows the principal
balance to rise to a pre-specified amount or maximum
cap, the loan payments are then recast to a fully amortizing schedule. Negative amortization features may be
applied to either adjustable rate mortgages or fixed rate
mortgages, the latter commonly referred to as graduated
payment mortgages (GPMs).
Exclude reverse 1–4 family residential mortgage loans as
described in the instructions for Schedule HC-C, item 1(c).
HC-C-24
Line Item M6(a) Total amount of closed-end loans
with negative amortization features secured by 1–4
family residential properties (included in Schedule
HC-C, items 1.c.(2)(a) and (b)).
This item is to be completed by all holding companies.
Report the total amount (before any loan loss allowances)
of, i.e., the recorded investment in, closed-end loans
secured by 1–4 family residential properties whose terms
allow for negative amortization. The amounts included in
this item will also have been reported in Schedule HC-C,
items 1(c)(2)(a) and (b).
Memorandum items 6(b) and 6(c) are to be completed
semiannually in the June and December reports only by
holding companies that had closed-end loans with
negative amortization features secured by 1–4 family
residential properties (as reported in Schedule HC-C,
Memorandum item 6(a)) as of the previous December
31 report date that exceeded the lesser of $100 million
or 5 percent of total loans and leases, held for investment and held for sale, in domestic offices (as reported
in Schedule HC-C item 12, column B) as of the previous
December 31 report date.
Line Item M6(b) Total maximum remaining
amount of negative amortization contractually
permitted on closed-end loans secured by 1–4
family residential properties.
For all closed-end loans secured by 1–4 family residential properties whose terms allow for negative amortization (that were reported in Schedule HC-C, Memorandum item 6(a), report the total maximum remaining
amount of negative amortization permitted under the
terms of the loan contract (i.e., the maximum loan
principal balance permitted under the negative amortization cap less the principal balance of the loan as of the
quarter-end report date).
Line Item M6(c) Total amount of negative
amortization on closed-end loans secured by 1–4
family residential properties included in the amount
reported in Memorandum item 6(a) above.
For all closed-end loans secured by 1–4 family residential properties whose terms allow for negative amortization, report the total amount of negative amortization
included in the amount (i.e., the total amount of interest
added to the original loan principal balance that has not
Schedule HC-C
FR Y-9C
March 2019
Schedule HC-C
yet been repaid) reported in Schedule HC-C, Memorandum item 6(a) above. Once a loan reaches its maximum
principal balance, the amount of negative amortization
included in the amount should continue to be reported
until the principal balance of the loan has been reduced
through cash payments below the original principal balance of the loan.
Line Item M7
Not applicable.
Line Item M8
Not applicable.
Line Item M9 Loans secured by 1–4 family
residential properties (in domestic offices) in process
of foreclosure.
Report the total unpaid principal balance of loans secured
by 1–4 family residential properties (in domestic offices)
included in Schedule HC-C, item 1(c), column B, for
which formal foreclosure proceedings to seize the real
estate collateral have started and are ongoing as of
quarter-end, regardless of the date the foreclosure procedure was initiated. Loans should be classified as in
process of foreclosure according to local requirements. If
a loan is already in process of foreclosure and the
mortgagor files a bankruptcy petition, the loan should
continue to be reported as in process of foreclosure until
the bankruptcy is resolved. Exclude loans where the
foreclosure process has been completed and the holding
company reports the real estate collateral as “Other real
estate owned” in Schedule HC, item 7. This item should
include both closed-end and open-end 1–4 family residential mortgage loans that are in process of foreclosure.
Line Item M10 Not applicable.
Line Item M11 Not applicable.
Line Item M12 Loans (not subject to the
requirements of ASC 310-10) (Former AICPA of
Position 03-3) and leases held for investment that
were acquired in business combinations with
acquisition dates in the current calendar year.
Note: Memorandum items 12(a), 12(b), 12(c) and 12(d)
are to be completed semiannually in the June and
December reports only and by HCs with $5 billion or
more in total total assets. Item M12(e) is to be reported
by holding companies with less than $5 billion in total
assets.
FR Y-9C
Schedule HC-C
December 2019
Report in the appropriate subitem and column the specified information on loans and leases held for investment
purposes that were acquired in a business combination,
as prescribed under ASC Topic 805, Business Combinations (formerly FASB Statement No. 141(R), Business
Combinations ), with an acquisition date in the current
calendar year. The acquisition date is the date on which
the holding company obtains control 2 of the acquiree.
Loans and leases acquired in the current calendar year
should be reported in this item in the reports for June 30
and December 31 of the current calendar year, as appropriate, regardless of whether the bank still holds the loans
and leases. For example, loans and leases acquired in a
business combination with an acquisition date in the first
six months of the current calendar year should be
reported in this item in both the June 30 and December
31 reports for the current calendar year; loans and leases
acquired in the second six months of the current calendar
year should be reported in the December 31 report for the
current calendar year.
Institutions that have not adopted ASU 2016-13, which
governs the accounting for credit losses, should exclude
purchased credit-impaired loans held for investment that
are accounted for in accordance with ASC Subtopic
310-30, Receivables – Loans and Debt Securities
Acquired with Deteriorated Credit Quality (formerly
AICPA Statement of Position 03-3, Accounting for Certain Loans or Debt Securities Acquired in a Transfer)
(report information on such loans in Schedule HC-C,
memorandum item 5). (For further information, see the
Glossary entry for ‘‘purchased credit-impaired loans and
debt securities.’’)
For holding companies that have adopted ASU 2016-13,
which governs the accounting for credit losses, exclude
purchased credit-deteriorated loans held for investment.
For further information, see the Glossary entries for
“purchased credit deteriorated (DCD) loans and debt
securities.”
Column Instructions
Column A, Fair value of acquired loans and leases at
acquisition date: Report in this column the fair value of
acquired loans and leases held for investment at the
acquisition date (see the Glossary entry for ‘‘fair value’’).
2. Control has the meaning of controlling financial interest in paragraph
2 of ASC Subtopic 810-10, Consolidation—Overall (formerly Accounting
Research Bulletin No. 51, Consolidated Financial Statements, as amended.
HC-C-25
Schedule HC-C
Column B, Gross contractual amounts receivable at
acquisition date: Report in this column the gross contractual amounts receivable, i.e., the total undiscounted
amount of all uncollected contractual principal and contractual interest payments on the receivable, both past
due, if any, and scheduled to be paid in the future, on the
acquired loans and leases held for investment at the
acquisition date.
For holding companies that have adopted ASU 2016-13,
report the expected cash flows of the acquired loans and
leases as of the acquisition date in column B.
Column C, Best estimate at acquisition date of contractual cash flows not expected to be collected: Report in
this column the holding company’s best estimate at the
acquisition date of the portion of contractual cash flows
receivable on acquired loans and leases held for investment that the holding company does not expect to collect.
For holding companies that have adopted ASU 2016-13,
report the allowance for credit losses a holding company
would have recorded as of the acquisition date, column C.
Line Item M12(a)
Loans secured by real estate.
Report in the appropriate column the specified amounts
for loans secured by real estate (as defined for Schedule
HC-C, item 1) held for investment that were acquired in a
business combination occurring in the current calendar
year.
Line Item M12(b)
loans.
Commercial and industrial
Report in the appropriate column the specified amounts
for commercial and industrial loans (as defined for
Schedule HC-C, item 4) held for investment that were
acquired in a business combination occurring in the
current calendar year.
Line Item M12(c) Loans to individuals for
household, family, and other personal expenditures.
Report in the appropriate column the specified amounts
for loans to individuals for household, family, and other
personal expenditures (as defined for Schedule HC-C,
item 6) held for investment that were acquired in a
business combination occurring in the current calendar year.
HC-C-26
Line Item M12(d)
All other loans and all leases.
Report in the appropriate column the specified amounts
for all other loans and all leases (as defined for Schedule
HC-C, items 2, 3, 7, 9, and 10) held for investment that
were acquired in a business combination occurring in the
current calendar year.
Line Item M12(e) Loans and all leases.
Note: Memo item 12(e) is to be reported by holding
companies with less than $5 billion in total assets.
Report in the appropriate column the specified amount
for:
(1) Loans secured by real estate.
(2) Commercial and industrial loans.
(3) Loans to individuals for household, family, and other
personal expenditures.
(4) All other loans and leases.
Line Item M13
Not applicable.
Line Item M14
Pledged loans and leases.
Report the amount of all loans and leases included in
Schedule HC-C above that are pledged to secure deposits, repurchase transactions, or other borrowings (regardless of the balance of the deposits or other liabilities
against which the loans and leases are pledged) or for any
other purpose. Include loans and leases that have been
transferred in transactions that are accounted for as
secured borrowings with a pledge of collateral because
they do not qualify as sales under ASC Topic 860,
Transfers and Servicing (formerly FASB Statement No.
140, Accounting for Transfers and Servicing of Financial
Assets and Extinguishments of Liabilities, as amended).
Also include loans and leases held for sale or investment
by consolidated variable interest entities (VIEs) that can
be used only to settle obligations of the same consolidated VIEs (the amounts of which are also reported in
Schedule HC-V, items 1(e) and 1(f). In general, the
pledging of loans and leases is the act of setting aside
certain loans and leases to secure or collateralize holding
company transactions with the holding company continuing to own the loans and leases unless the holding
company defaults on the transaction.
When a holding company is subject to a blanket lien
arrangement or has otherwise pledged an entire portfolio
Schedule HC-C
FR Y-9C
December 2019
Schedule HC-C
of loans to secure its Federal Home Loan Bank advances,
it should report the amount of the entire portfolio of loans
subject to the blanket lien in this item. Any loans within
the portfolio that have been explicitly excluded or specifically released from the lien and that the holding company
has the right, without constraint, to repledge to another
party should not be reported as pledged in this item.
However, if any such loans have been repledged to
another party, they should be reported in this item.
Note: Schedule HC-C, Part I, line item M15 is effective
with the March 31, 2021 report date.
Line Item M15 Revolving, open-end loans secured
by 1–4 family residential properties and extended
under lines of credit (in domestic offices) that have
converted to non-revolving closed-end status
(included in item 1.c.(1) above).
Report the amount outstanding of loans included in
Schedule HC-C, Part I, item 1.c.(1), that have converted
to non-revolving, closed-end status, but originated as
draws under revolving, open-end lines of credit secured
by 1-to-4 family residential properties, including those
for which the draw periods have ended.
Line item M16 Eligible loan modifications under
Section 4013, Temporary Relief from Troubled Debt
Restructurings, of the 2020 Coronavirus Aid, Relief,
and Economic Security Act.
As provided for under the 2020 Coronavirus Aid, Relief,
and Economic Security Act (CARES Act), a financial
institution may elect to account for an eligible loan
modification under Section 4013 of that Act (Section 4013 loan). If a loan modification is not eligible
under Section 4013, or if the institution elects not to
account for an eligible loan modification under Section 4013, the institution should not report the loan in
memorandum items 16.a and 16.b and should instead
evaluate whether the modified loan is a troubled debt
restructuring (TDR) under ASC Subtopic 310-40, Receivables — Troubled Debt Restructurings by Creditors.
To be an eligible loan modification under Section 4013,
as amended by the Consolidated Appropriations
Act, 2021, a loan modification must be (1) related to the
Coronavirus Disease 2019 (COVID-19); (2) executed on
a loan that was not more than 30 days past due as of
FR Y-9C
Schedule HC-C
March 2021
December 31, 2019; and (3) executed between
March 1, 2020, and the earlier of (A) 60 days after the
date of termination of the national emergency concerning
the COVID-19 outbreak declared by the President on
March 13, 2020, under the National Emergencies Act or
(B) January 1, 2022 (the applicable period).
Holding companies accounting for eligible loan modifications under Section 4013 are not required to apply ASC
Subtopic 310-40 to the Section 4013 loans for the term of
the loan modification and do not have to report Section 4013 loans as TDRs in regulatory reports, subject to
the following considerations for additional modifications.
If an institution elects to account for a loan modification
under Section 4013, an additional loan modification
could also be eligible under Section 4013 provided it is
executed during the applicable period and meets the other
statutory criteria referenced above. If an institution does
not elect to account for a loan modification under Section 4013 or a loan modification is not eligible under
Section 4013 (e.g., because it is executed after the
applicable period), additional modifications should be
viewed cumulatively in determining whether the additional modification is accounted for as a TDR under ASC
Subtopic 310-40.
Consistent with the CARES Act, the Board is collecting
information on a fully consolidated basis about the
volume of Section 4013 loans, including the number of
Section 4013 loans outstanding (Memorandum item 16.a)
and the outstanding balance of Section 4013 loans
(Memorandum item 16.b). These two items are collected
on a confidential basis at the institution level. Once the
term of an eligible Section 4013 loan modification ends,
an institution should no longer include the loan in these
Schedule HC-C, Part I, Memorandum items.
For further information on loan modifications, including
those that may not be eligible under Section 4013 or for
which an holding company elects not to apply Section 4013, holding companies may refer to the Interagency Statement on Loan Modifications and Reporting
for Financial Institutions Working with Customers
Affected by the Coronavirus (Revised), issued
April 7, 2020 , and the Joint Statement on Additional
Loan Accommodations Related to COVID-19 issued
August 3, 2020.
HC-C-27
Schedule HC-C
Line item M16.a
outstanding.
Number of Section 4013 loans
Report the number of Section 4013 loans outstanding
held by the reporting holding company as of the report
date whose outstanding balances are included in the
amount reported in Schedule HC-C, Part I, Memorandum
item 16.b, below.
HC-C-28
Line item M16.b Outstanding balance of
Section 4013 loans.
Report the aggregate amount at which Section 4013 loans
held for investment and held for sale are included in
Schedule HC-C, Part I, and Section 4013 loans held for
trading are included in Schedule HC, item 5, as of the
report date.
Schedule HC-C
FR Y-9C
March 2021
LINE ITEM INSTRUCTIONS FOR
Trading Assets and Liabilities
Schedule HC-D
General Instructions
Schedule HC-D is to be completed by holding companies with $5 billion or more in total consolidated
assets that reported total trading assets of $10 million
or more in any of the four preceding calendar quarters. Memorandum items 2 through 10 are to be
completed by holding companies with $10 billion or
more in total trading assets.
Trading activities typically include (a) regularly underwriting or dealing in securities; interest rate, foreign
exchange rate, commodity, equity, and credit derivative
contracts; other financial instruments; and other assets for
resale, (b) acquiring or taking positions in such items
principally for the purpose of selling in the near term or
otherwise with the intent to resell in order to profit from
short-term price movements, and (c) acquiring or taking
positions in such items as an accommodation to customers, provided that acquiring or taking such positions
meets the definition of “trading” in ASC Topic 320,
Investments-Debt Securities, and ASC Topic 815, Derivatives and Hedging, and the definition of “trading purposes” in ASC Topic 815.
For purposes of the FR Y-9C report, all debt securities
within the scope of ASC Topic 320, Investments – Debt
Securities that a holding company has elected to report at
fair value under a fair value option with changes in fair
value reported in current earnings should be classified as
trading securities. In addition, for purposes of this report,
holding companies may classify assets (other than debt
securities within the scope of ASC Topic 320) and
liabilities (other than deposit liabilities required to be
reported on Schedule HC-E) as trading if the holding
company applies fair value accounting, with changes in
fair value reported in current earnings, and manages
these assets and liabilities as trading positions, subject to
the controls and applicable regulatory guidance related to
trading activities. For example, a holding company would
FR Y-9C
Schedule HC-D
September 2020
generally not classify a loan to which it has applied the
fair value option as a trading asset unless the holding
company holds the loan, which it manages as a trading
position, for one of the following purposes: (a) for market
making activities, including such activities as accumulating loans for sale or securitization; (b) to benefit from
actual or expected price movements; or (c) to lock in
arbitrage profits. When reporting loans classified as
trading in Schedule HC-D, holding companies should
include only the fair value of the funded portion of the
loan in item 6 of this schedule. If the unfunded portion of
the loan, if any, is classified as trading (and does not meet
the definition of a derivative), the fair value of the
commitment to lend should be reported as an “Other
trading asset” or an “Other trading liability,” as appropriate, in Schedule HC-D, item 9 or item 13(b), respectively.
Assets, liabilities, and other financial instruments classified as trading shall be consistently valued at fair value as
defined by ASC Topic 820, Fair Value Measurement.
Exclude from this schedule all available-for-sale securities and all loans and leases that do not satisfy the criteria
for classification as trading as described above. (Also see
the Glossary entry for “Trading Account.”) Available-forsale securities are generally reported in Schedule HC,
item 2(b), and in Schedule HC-B, columns C and D.
However, a holding company may have certain assets
that fall within the definition of “securities” in ASC
Topic 320 (e.g., nonrated industrial development obligations) that the holding company has designated as
“available-for-sale” which are reported for purposes of
this report in a balance sheet category other than “Securities” (e.g., “Loans and lease financing receivables”).
Loans and leases that do not satisfy the criteria for the
trading account should be reported in Schedule HC, item
4(a) or item 4(b), and in Schedule HC-C.
HC-D-1
Schedule HC-D
ASSETS
Line Item 1 U.S. Treasury securities.
Report the total fair value of securities issued by the U.S.
Treasury (as defined for Schedule HC-B, item 1, “U.S.
Treasury securities”) held for trading.
Line Item 2 U.S. Government agency obligations.
Report the total fair value of all obligations of U.S.
Government agencies (as defined for Schedule HC-B,
item 2, ‘‘U.S. Government agency obligations’’) held for
trading. Exclude mortgage-backed securities.
Line Item 3 Securities issued by states and
political subdivisions in the U.S.
Report the total fair value of all securities issued by states
and political subdivisions in the United States (as defined
for Schedule HC-B, item 3, ‘‘Securities issued by states
and political subdivisions in the U.S.’’) held for trading.
Line Item 4 Mortgage-backed securities (MBS).
Report in the appropriate subitem the total fair value of
all mortgage-backed securities held for trading.
Line Item 4(a) Residential mortgage pass-through
securities issued or guaranteed by FNMA, FHLMC,
or GNMA.
Report the total fair value of all residential mortgage
pass-through securities issued or guaranteed by FNMA,
FHLMC, or GNMA (as defined for Schedule HC-B, item
4(a)(1), Residential pass-through securities “Guaranteed
by GNMA,” and item 4(a)(2), Residential pass-through
securities ‘‘Issued by FNMA and FHLMC’’) held for
trading.
Line Item 4(b) Other residential MBS issued or
guaranteed by U.S. Government agencies or
sponsored agencies.
Report the total fair value of all other residential mortgagebacked securities issued or guaranteed by U.S. Government agencies or U.S. Government-sponsored agencies
(as defined for Schedule HC-B, item 4(b)(1), Other
residential mortgage-backed securities ‘‘Issued or guaranteed by U.S. Government agencies or sponsored agencies’’) held for trading.
U.S. Government agencies include, but are not limited to,
such agencies as the Government National Mortgage
HC-D-2
Association (GNMA), the Federal Deposit Insurance
Corporation (FDIC) and the National Credit Union
Administration (NCUA). U.S. Government-sponsored
agencies include, but are not limited to, such agencies as
the Federal Home Loan Mortgage Corporation (FHLMC)
and the Federal National Mortgage Association (FNMA).
Line Item 4(c) All other residential MBS.
Report the total fair value of all other residential mortgagebacked securities (as defined for Schedule HC-B, item
4(a)(3), “Other pass-through securities,” item 4(b)(2),
Other residential mortgage-backed securities “Collateralized by MBS issued or guaranteed by U.S. Government
agencies or sponsored agencies,” and item 4(b)(3), “All
other residential MBS”) held for trading.
Line Item 4(d) Commercial MBS issued or
guaranteed by U.S. Government agencies or
sponsored agencies.
Report the total fair value of all commercial mortgagebacked securities (as defined for Schedule HC-B, item
4(c), “Commercial MBS”) issued or guaranteed by U.S.
Government agencies or U.S. Government-sponsored
agencies that are held for trading. Also include commercial mortgage pass-through securities guaranteed by the
Small Business Administration.
Line Item 4(e) All other commercial MBS.
Report the total fair value of all commercial mortgagebacked securities issued or guaranteed by non-U.S. Government issuers that are held for trading.
Line Item 5 Other debt securities:
Line Item 5(a) Structured financial products.
Report the total fair value of all structured financial
products (as defined for Schedule HC-B, item 5(b),
“Structured financial products”) held for trading. Include
cash, synthetic, or hybrid instruments.
Line Item 5(b) All other debt securities.
Report the total fair value of all other debt securities (as
defined for Schedule HC-B, item 5(a), “Asset-backed
securities,” and item 6, “Other debt securities”) held for
trading.
Schedule HC-D
FR Y-9C
June 2018
Schedule HC-D
Line Item 6 Loans.
Line Item 6(b) Commercial and industrial loans.
Report in the appropriate subitem the total fair value of
all loans held for trading. See the Glossary entry for
“loan” for further information.
Report the total fair value of commercial and industrial
loans (as defined for Schedule HC-C, item 4) held for
trading.
Line Item 6(a) Loans secured by real estate.
Line Item 6(c) Loans to individuals for household,
family, and other personal expenditures.
Report the total fair value of loans secured by real estate
(as defined for Schedule HC-C, item 1) held for trading.
Report the total fair value of all loans to individuals for
household, family, and other personal expenditures (as
defined for Schedule HC-C, item 6) held for trading.
6(a)(1) Loans secured by 1-4 family residential
properties.
Include:
Report the total fair value of all open-end and closed-end
loans secured by 1-4 family residential properties (as
defined for Schedule HC-C, item 1(c) held for trading.
Include:
(1) Revolving, open-end loans secured by 1-4 family
residential properties and extended under lines of
credit (as defined for Schedule HC-C, item 1(c)(1))
held for trading.
(2) Closed-end loans secured by first liens on 1-4 family
residential properties (as defined for Schedule HC-C,
item 1(c)(2)(a)) held for trading.
(3) Closed-end loans secured by junior liens on 1-4
family residential properties (as defined for Schedule
HC-C, part I, item 1(c)(2)(b)) held for trading.
6(a)(2) All other loans secured by real estate.
Report the total fair value of all other loans secured by
real estate held for trading.
Include:
(1) Construction, land development, and other land loans
(as defined for Schedule HC-C, item 1(a)) held for
trading.
(2) Loans secured by farmland (as defined for Schedule
HC-C, item 1(b) held for trading.
(3) Loans secured by multifamily (5 or more) residential
properties (as defined for Schedule HC-C, item 1(d)
held for trading.
(4) Loans secured by nonfarm nonresidential properties
(as defined for Schedule HC-C item 1(e) held for
trading.
FR Y-9C
Schedule HC-D
June 2018
(1) All extensions of credit to individuals for household,
family, and other personal expenditures arising from
credit cards (as defined for Schedule HC-C, item
6(a)) held for trading.
(2) All extensions of credit to individuals for household,
family, and other personal expenditures arising from
prearranged overdraft plans and other revolving
credit plans not accessed by credit cards (as defined
for Schedule HC-C, item 6(b)) held for trading.
(3) All loans to individuals for household, family, and
other personal expenditures arising from retail sales
of passenger cars and other vehicles such as minivans, vans, sport-utility vehicles, pickup trucks, and
similar light trucks for personal use (as defined for
Schedule HC-C, item 6(c)) held for trading.
(4) All other loans to individuals for household, family,
and other personal expenditures (as defined for
Schedule HC-C, item 6(d)) held for trading.
Line Item 6(d) Other loans.
Report the total fair value of all other loans held for
trading that cannot properly be reported in one of the
preceding subitems of this item 6. Such loans include
“Loans to depository institutions and acceptances of
other banks,” “Loans to finance agricultural production
and other loans to farmers,” “Loans to foreign governments and official institutions,” “Obligations (other than
securities and leases) of states and political subdivisions
in the U.S.,” and “Other loans” (as defined for Schedule
HC-C, items 2, 3, 7, 8, and 9).
Line Items 7-8
Not applicable.
Line Item 9 Other trading assets.
Report the total fair value of all trading assets that cannot
properly be reported in items 1 through 6. Include
HC-D-3
Schedule HC-D
Certificates of Deposit held for trading. Exclude revaluation gains on interest rate, foreign exchange rate, commodity, equity, and credit derivative contracts (report in
item 11 below).
Line Item 10 Not applicable.
Line Item 13(a)(3) All other assets.
Report the fair value of the reporting holding company’s
liabilities resulting from sales of all assets other than
equity securities or debt securities that the reporting
holding company does not own, thereby establishing a
short position.
Line Item 11 Derivatives with a positive fair value.
Report the amount of revaluation gains (i.e., assets) from
the ‘‘marking to market’’ of interest rate, foreign exchange
rate, commodity, equity, and credit derivative contracts
held for trading purposes. Revaluation gains and losses
(i.e., assets and liabilities) from the ‘‘marking to market’’
of the reporting holding company’s derivative contracts
executed with the same counterparty that meet the criteria for a valid right of setoff contained in ASC Subtopic
210-20, Balance Sheet – Offsetting (formerly FASB
Interpretation No. 39, Offsetting of Amounts Related to
Certain Contracts) (e.g., those contracts subject to a
qualifying master netting arrangement) may be reported
on a net basis using this item and item 14 below, as
appropriate. (For further information, see the Glossary
entry for ‘‘offsetting.’’)
Line Item 12 Total trading assets.
Report the sum of items 1 through 11. The amount for
this item must equal Schedule HC, item 5, “Trading
assets.”
LIABILITIES
Line Item 13(a) Liability for short positions.
Report the total fair value of the reporting holding
company’s liabilities resulting from sales of assets that
the reporting holding company does not own (see the
Glossary entry for ‘‘short position’’).
Line Item 13(a)(1) Equity securities.
Report the fair value of the reporting holding company’s
liabilities resulting from sales of equity securities that the
reporting holding company does not own, thereby establishing a short position.
Line Item 13(a)(2) Debt securities.
Report the fair value of the reporting holding company’s
liabilities resulting from sales of debt securities that the
reporting holding company does not own, thereby establishing a short position.
HC-D-4
Line Item 13(b) All other trading liabilities.
Report the total fair value of all trading liabilities other
than the reporting holding company’s liability for short
positions. Exclude revaluation losses on interest rate,
foreign exchange rate, commodity, equity, and credit
derivative contracts (report in item 14 below).
Line Item 14 Derivatives with a negative fair
value.
Report the amount of revaluation losses (i.e., liabilities)
from the ‘‘marking to market’’ of interest rate, foreign
exchange rate, commodity, equity, and credit derivative
contracts held for trading purposes. Revaluation gains
and losses (i.e., assets and liabilities) from the ‘‘marking
to market’’ of the reporting holding company’s interest
rate, foreign exchange rate, commodity, equity, and credit
derivative contracts executed with the same counterparty
that meet the criteria for a valid right of setoff contained
in ASC Subtopic 210-20, Balance Sheet – Offsetting
(formerly FASB Interpretation No. 39, Offsetting of
Amounts Related to Certain Contracts) (e.g., those contracts subject to a qualifying master netting arrangement)
may be reported on a net basis using this item and item
11 above, as appropriate. (For further information, see
the Glossary entry for ‘‘offsetting.’’)
Line Item 15 Total trading liabilities.
Report the sum of items 13(a), 13(b), and 14. The amount
for this item must equal Schedule HC, item 15, “Trading
liabilities.”
Memoranda
Line Item M1 Unpaid principal balance of loans
measured at fair value.
Report in the appropriate subitem the total unpaid principal balance outstanding for all loans held for trading
reported in Schedule HC-D, item 6.
Schedule HC-D
FR Y-9C
June 2018
Schedule HC-D
Line Item M1(a)
Loans secured by real estate.
Report the total unpaid principal balance outstanding for
all loans secured by real estate (as defined for Schedule
HC-C, item 1) held for trading.
1(a)(1) Loans secured by 1-4 family residential
properties.
Report the total unpaid principal balance outstanding for
all loans secured by 1-4 family residential properties held
for trading reported in Schedule HC-D, item 6(a)(1).
Include:
(1) Revolving, open-end loans secured by 1-4 family
residential properties and extended under lines of
credit (as defined for Schedule HC-C, item 1(c)(1))
held for trading.
(2) Closed-end loans secured by first liens on 1-4 family
residential properties (as defined for Schedule HC-C,
item 1(c)(2)(a)) held for trading.
(3) Closed-end loans secured by junior liens on 1-4
family residential properties (as defined for Schedule
HC-C, item 1(c)(2)(b)) held for trading.
1(a)(2) All other loans secured by real estate.
Report the total unpaid principal balance outstanding for
all other loans secured by real estate held for trading
reported in Schedule HC-D, item 6(a)(2).
Line Item M1(c) Loans to individuals for
household, family, and other personal expenditures.
Report the total unpaid principal balance outstanding for
all loans to individuals for household, family, and other
personal expenditures held for trading reported in Schedule HC-D, item 6(c).
Include:
(1) All extensions of credit to individuals for household,
family, and other personal expenditures arising from
credit cards (as defined for Schedule HC-C, item
6(a)) held for trading.
(2) All extensions of credit to individuals for household,
family, and other personal expenditures arising from
prearranged overdraft plans and other revolving
credit plans not accessed by credit cards (as defined
for Schedule HC-C, item 6(b)) held for trading.
(3) All consumer loans to individuals for household,
family, and other personal expenditures arising from
retail sales of passenger cars and other vehicles such
as minivans, vans, sport-utility vehicles, pickup
trucks, and similar light trucks for personal use (as
defined for Schedule HC-C, item 6(c)) held for
trading.
(4) All other loans to individuals for household, family,
and other personal expenditures (as defined for
Schedule HC-C, item 6(d)) held for trading.
Line Item M1(d)
Include:
(1) Construction, land development, and other land loans
(as defined for Schedule HC-C, item 1(a)) held for
trading.
(2) Loans secured by farmland (as defined for Schedule
HC-C, item 1(b) held for trading.
(3) Loans secured by multifamily (5 or more) residential
properties (as defined for Schedule HC-C, item 1(d)
held for trading.
Other loans.
Report the total unpaid principal balance outstanding for
all loans held for trading reported in Schedule HC-D,
item 6(d). Such loans include “Loans to depository
institutions and acceptances of other banks,” “Loans to
finance agricultural production and other loans to farmers,” “Loans to foreign governments and official institutions,” “Obligations (other than securities and leases) of
states and political subdivisions in the U.S.,” and “Other
loans” (as defined for Schedule HC-C, items 2, 3, 7, 8,
and 9).
(4) Loans secured by nonfarm nonresidential properties
(as defined for Schedule HC-C, item 1(e) held for
trading.
Note: Memorandum items 2 through 10 are to be completed by holding companies with $10 billion or more in
total trading assets.
Line Item M1(b)
Line Item M2 Loans measured at fair value that
are past due 90 days or more.
Commercial and industrial loans.
Report the total unpaid principal balance outstanding for
all commercial and industrial loans held for trading
reported in Schedule HC-D, item 6(b).
FR Y-9C
Schedule HC-D
June 2018
Report in the appropriate subitem the total fair value and
unpaid principal balance of all loans held for trading
HC-D-5
Schedule HC-D
included in Schedule HC-D, items 6(a) through 6(d), that
are past due 90 days or more as of the report date.
Line Item M3(d) 1-4 family residential MBS
issued or guaranteed by U.S. government-sponsored
enterprises (GSEs).
Line Item M2(a)
Report the total fair value of structured financial products
held for trading that are supported predominantly by 1-4
family residential mortgage-backed securities issued or
guaranteed by U.S. government-sponsored enterprises.
Fair value.
Report the total fair value of all loans held for trading
included in Schedule HC-D, items 6(a) through 6(d), that
are past due 90 days or more as of the report date.
Line Item M2(b)
Unpaid principal balance.
Report the total unpaid principal balance of all loans held
for trading included in Schedule HC-D, items 6(a)
through 6(d), that are past due 90 days or more as of the
report date.
Line Item M3 Structured financial products by
underlying collateral or reference assets.
Report in the appropriate subitem the total fair value of
all structured financial products held for trading by the
predominant type of collateral or reference assets supporting the product. The sum of Memorandum items 3(a)
through 3(g) must equal the sum of Schedule HC-D,
item 5(a).
Line Item M3(a) Trust preferred securities issued
by financial institutions.
Report the total fair value of structured financial products
held for trading that are supported predominantly by trust
preferred securities issued by financial institutions.
Line Item M3(b) Trust preferred securities issued
by real estate investment trusts.
Report the total fair value of structured financial products
held for trading that are supported predominantly by trust
preferred securities issued by real estate investment
trusts.
Line Item M3(c)
Corporate and similar loans.
Report the total fair value of structured financial products
held for trading that are supported predominantly by
corporate and similar loans. Exclude securities backed by
loans that are commonly regarded as asset-backed securities rather than collateralized loan obligations in the
marketplace (report in Schedule HC-B, item 5(a)).
HC-D-6
Line Item M3(e) 1-4 family residential MBS not
issued or guaranteed by GSEs.
Report the total fair value of structured financial products
held for trading that are supported predominantly by 1-4
family residential mortgage-backed securities not issued
or guaranteed by U.S. government-sponsored enterprises.
Line Item M3(f) Diversified (mixed) pools of
structured financial products.
Report the total fair value of structured financial products
held for trading that are supported predominantly by
diversified (mixed) pools of structured financial products.
Include such products as CDOs squared and cubed (also
known as ‘‘pools of pools’’).
Line Item M3(g)
assets.
Other collateral or reference
Report the total fair value of structured financial products
held for trading that are supported predominantly by
other types of collateral or reference assets not identified
above.
Line Item M4
Pledged trading assets:
Line Item M4(a)
Pledged securities.
Report the total fair value of all securities held for trading
included in Schedule HC-D above that are pledged to
secure deposits, repurchase transactions, or other borrowings (regardless of the balance of the deposits or other
liabilities against which the securities are pledged); as
performance bonds under futures or forward contracts; or
for any other purpose. Include as pledged securities:
(1) Securities held for trading that have been “loaned” in
securities borrowing/lending transactions that do not
qualify as sales under ASC Topic 860, Transfers and
Servicing (formerly FASB Statement No. 140,
“Accounting for Transfers and Servicing of Financial
Assets and Extinguishments of Liabilities,” as
amended).
Schedule HC-D
FR Y-9C
June 2018
Schedule HC-D
(2) Securities held for trading by consolidated variable
interest entities (VIEs) that can be used only to settle
obligations of the same consolidated VIEs (the
amount of which is also reported in Schedule HC-V,
item 1.
predominantly loans to individuals, the security should
be reported in Schedule HC-D, Memorandum item 5(c),
as being collateralized by automobile loans.
(3) Securities held for trading owned by consolidated
insurance subsidiaries and held in custodial trusts
that are pledged to insurance companies external to
the consolidated holding company.
Report the total fair value of all asset-backed securities
collateralized by credit card receivables, i.e., extensions
of credit to individuals for household, family, and other
personal expenditures arising from credit cards as defined
for Schedule HC-C, item 6(a).
Line Item M4(b)
Asset-backed securities.
Report in the appropriate subitem the total fair value of
all asset-backed securities, including asset-backed commercial paper, held for trading reported in Schedule
HC-D, items 4 and 5. For purposes of categorizing
asset-backed securities in Schedule HC-D, Memorandum
items 5(a) through 5(f), below, each individual assetbacked security should be included in the item that most
closely describes the predominant type of asset that
collateralizes the security and this categorization should
be used consistently over time. For example, an assetbacked security may be collateralized by automobile
loans to both individuals and business enterprises. If the
prospectus for this asset-backed security or other available information indicates that these automobile loans are
FR Y-9C
Schedule HC-D
Credit card receivables.
Pledged loans.
Report the total fair value of all loans held for trading
included in Schedule HC-D above that are pledged to
secure deposits, repurchase transactions, or other borrowings (regardless of the balance of the deposits or other
liabilities against which the loans are pledged) or for any
other purpose. Include loans held for trading that have
been transferred in transactions that are accounted for as
secured borrowings with a pledge of collateral because
they do not qualify as sales under ASC Topic 860,
Transfers and Servicing (formerly FASB Statement
No. 140, Accounting for Transfers and Servicing of
Financial Assets and Extinguishment of Liabilities, as
amended). Also include loans held for trading by consolidated variable interest entities (VIEs) that can be used
only to settle obligations of the same consolidated VIEs
(the amount of which is also reported in Schedule HC-V,
item 1. In general, the pledging of loans is the act of
setting aside certain loans to secure or collateralize
holding company transactions with the holding company
continuing to own the loans unless the holding company
defaults on the transaction.
Line Item M5
Line Item M5(a)
June 2018
Line Item M5(b)
Home equity lines.
Report the total fair value of all asset-backed securities
collateralized by home equity lines of credit, i.e., revolving, open-end lines of credit secured by 1-to-4 family
residential properties as defined for Schedule HC-C,
item 1(c)(1).
Line Item M5(c)
Automobile loans.
Report the total fair value of all asset-backed securities
collateralized by automobile loans, i.e., loans to individuals for the purpose of purchasing private passenger
vehicles, including minivans, vans, sport-utility vehicles,
pickup trucks, and similar light trucks for personal use.
Such loans are a subset of “Other consumer loans,” as
defined for Schedule HC-C, item 6(c).
Line Item M5(d)
Other consumer loans.
Report the total fair value of all asset-backed securities
collateralized by other consumer loans, i.e., loans to
individuals for household, family, and other personal
expenditures as defined for Schedule HC-C, items 6(b)
and 6(c), excluding automobile loans as described in
Schedule HC-D, Memorandum item 5(c), above.
Line Item M5(e)
Commercial and industrial loans.
Report the total fair value of all asset-backed securities
collateralized by commercial and industrial loans, i.e.,
loans for commercial and industrial purposes to sole
proprietorships, partnerships, corporations, and other
business enterprises, whether secured (other than by real
estate) or unsecured, single-payment or installment, as
defined for Schedule HC-C, item 4.
Line Item M5(f)
Other.
Report the total fair value of all asset-backed securities
collateralized by loans other than those included in
HC-D-7
Schedule HC-D
Schedule HC-D, Memorandum items 5(a) through 5(e),
above, i.e., loans as defined for Schedule HC-C, items 2,
3, and 7 through 9 and lease financing receivables as
defined for Schedule HC-C, item 10.
purposes. Commodity contracts are contracts that have a
return, or a portion of their return, linked to the price of
or to an index of precious metals, petroleum, lumber,
agricultural products, etc.
Line Item M6
Not applicable.
Line Item M7
Equity securities.
Line Item M9(a)(2) Gross fair value of physical
commodities held in inventory.
Report in the appropriate subitem the total fair value of
all equity securities held for trading that are included in
Schedule HC-D, item 9, above.
Line Item M7(a)
Readily determinable fair values.
Report the total fair value of all equity securities held for
trading that have readily determinable fair values, as
defined by ASC Topic 321, Investments-Equity Securities, regardless of whether such equity securities are
within or outside the scope of ASC Topic 321.
Line Item M7(b)
Other.
Report the total fair value of all equity securities held for
trading not included in Schedule HC-D, Memorandum
item 7(a), above.
Line Item M8
Loans pending securitization.
Report the total fair value of all loans included in
Schedule HC-D, items 6(a) through 6(d), that are held for
securitization purposes. Report such loans in this item
only if the holding company expects the securitization
transaction to be accounted for as a sale under ASC Topic
860, Transfers and Servicing (formerly FASB Statement
No. 140, Accounting for Transfers and Servicing of
Financial Assets and Extinguishments of Liabilities).
Line Item M9(a)(1) Gross positive fair value of
commodity contracts.
Report the gross positive fair value of all commodity
contracts that the holding company holds for trading
HC-D-8
Report the gross fair value of all physical commodities
held in inventory that the holding company holds for
trading purposes. Report the values as reported in HC-D,
item 9, “Other trading assets.”
Line Item M9(b)
Other trading assets.
Disclose in Memorandum items 9(b)(1) through 9(b)(3)
each component of Schedule HC-D, item 9, ‘‘Other
trading assets’’ (other than amounts included in Memoranda items 9(a)(1) and 9(a)(2) above), and the fair value
of such component, that is greater than $1,000,000 and
exceeds 25 percent of the amount reported in item 9 less
amounts reported in Memoranda items 9(a)(1) and 9(a)(2).
For each component of other trading assets that exceeds
this disclosure threshold, describe the component with a
clear but concise caption in Memoranda items 9(b)(1)
through 9(b)(3). These descriptions should not exceed 50
characters in length (including spacing between words).
Line Item M10 Other trading liabilities.
Disclose in Memorandum items 10(a) through 10(c) each
component of Schedule HC-D, item 13(b), “Other trading liabilities,” and the fair value of such component, that
is greater than $1,000,000 and exceeds 25 percent of the
amount reported for this item. For each component of
other trading liabilities that exceeds this disclosure
threshold, describe the component with a clear but concise caption in Memorandum items 10(a) through 10(c).
These descriptions should not exceed 50 characters in
length (including spacing between words).
Schedule HC-D
FR Y-9C
September 2020
LINE ITEM INSTRUCTIONS FOR
Deposit Liabilities
Schedule HC-E
General Instructions
(7) pass-through reserve balances;
A complete discussion of deposits is included in the
Glossary entry entitled ‘‘deposits.’’ That discussion
addresses the following topics and types of deposits in
detail:
(8) placements and takings; and
(1) FDI Act definition of deposits;
(2) demand deposits;
(9) reciprocal balances.
NOTE: For purposes of this report, IBFs of subsidiary
depository institutions of the reporting holding company
are to be treated as foreign offices and their deposit
liabilities should be excluded from this schedule.
(3) savings deposits;
(4) time deposits;
(5) time certificates of deposit;
(6) time deposits, open account;
(7) transaction accounts;
(8) nontransaction accounts;
(9) NOW accounts;
(10) ATS accounts;
(11) telephone or preauthorized transfer accounts;
Definitions
The term “deposits” is defined in the Glossary and
follows the definition of deposits used in the Federal
Deposit Insurance Act. Reciprocal demand deposits
between the domestic offices of the reporting holding
company and the domestic offices of other depository
institutions that are not consolidated on this report may
be reported net when permitted by generally accepted
accounting principles (GAAP). (See the Glossary entry
for ‘‘reciprocal balances.’’)
(12) money market deposit accounts (MMDAs);
The following are not reported as deposits:
(13) interest-bearing accounts; and
(1) Deposits received in one office of a depository institution for deposit in another office of the same
depository institution.
(14) noninterest-bearing accounts.
Additional discussions pertaining to deposits are also
found under separate Glossary entries for the following:
(1) borrowings and deposits in foreign offices;
(2) brokered deposits;
(3) dealer reserve accounts;
(4) hypothecated deposits;
(5) letters of credit (for letters of credit sold for cash and
travelers’ letters of credit);
(6) overdrafts;
FR Y-9C
Schedule HC-E March 2013
(2) Outstanding drafts (including advices or authorizations to charge the depository institution’s balance in
another depository institution) drawn in the regular
course of business by the reporting depository institution on other depository institutions, including
so-called ‘‘suspense depository accounts’’ (report as
a deduction from the related ‘‘due from’’ account).
(3) Trust funds held in the bank’s own trust department
that the bank keeps segregated and apart from its
general assets and does not use in the conduct of its
business.
HC-E-1
Schedule HC-E
(4) Deposits accumulated for the payment of personal
loans (i.e., hypothecated deposits), which should be
netted against loans in Schedule HC-C, Loans and
Lease Financing Receivables.
(5) All obligations arising from assets sold under agreements to repurchase.
(6) Overdrafts in deposit accounts. Overdrafts are to be
reported as loans in Schedule HC-C, and not as
negative deposits. Overdrafts in a single type of
related transaction accounts (e.g., related demand
deposits or related NOW accounts, but not a combination of demand deposit accounts and NOW
accounts) of a single legal entity that are established
under a bona fide cash management arrangement
by this legal entity are not to be classified as loans
unless there is a net overdraft position in the accounts
taken as a whole. Such accounts are regarded as, and
function as, one account rather than as multiple
separate accounts.
(7) Time deposits sold (issued) by a subsidiary bank of
the consolidated holding company that have been
purchased subsequently by a holding company subsidiary in the secondary market (typically as a result
of the holding company’s trading activities) and have
not resold as of the report date. For purposes of these
reports, a holding company (or its subsidiaries) that
purchases a time deposit a subsidiary has issued is
regarded as having paid the time deposit prior to
maturity. The effect of the transaction is that the
consolidated holding company has cancelled a liability as opposed to having acquired an asset for its
portfolio.
(8) Cash payments received in connection with transfers
of the holding company’s other real estate owned that
have been financed by the holding company and do
not qualify for sale accounting, which applicable
accounting standards describe as a “liability,” a
“deposit,” or a “deposit liability.” Until a transfer
qualifies for sale accounting, these cash payments
shall be reported in Schedule HC-G, item 4, “All
other liabilities.” See the Glossary entry for “foreclosed assets” for further information.
The following are reported as deposits:
(1) Deposits of trust funds standing to the credit of
other banks and all trust funds held or deposited in
any department of a subsidiary depository instituHC-E-2
tion of the reporting holding company other than
the trust department.
(2) Escrow funds.
(3) Payments collected by a depository institution subsidiary on loans secured by real estate and other
loans serviced for others that have not yet been
remitted to the owners of the loans.
(4) Credit balances resulting from customers’ overpayments of account balances on credit cards and
related plans.
(5) Funds received or held in connection with checks
or drafts drawn by a subsidiary depository institution of the reporting holding company and drawn
on, or payable at or through, another depository
institution either on a zero-balance account or on an
account that is not routinely maintained with sufficient balances to cover checks drawn in the normal
course of business (including accounts where funds
are remitted by a subsidiary depository institution
of the reporting holding company only when it has
been advised that the checks or drafts have been
presented).
(6) Funds received or held in connection with traveler’s checks and money orders sold (but not drawn)
by a subsidiary depository institution of the reporting holding company, until the proceeds of the sale
are remitted to another party, and funds received or
held in connection with other such checks used (but
not drawn) by a subsidiary depository institution of
the reporting holding company, until the amount of
the checks is remitted to another party.
(7) Checks drawn by a subsidiary depository institution
of the reporting holding company on, or payable at
or through, a Federal Reserve Bank or a Federal
Home Loan Bank.
(8) Refundable loan commitment fees received or held
by a subsidiary depository institution of the reporting holding company prior to loan closing.
(9) Refundable stock subscription payments received
or held by the reporting holding company prior to
the issuance of the stock. (Report nonrefundable
stock subscription payments in Schedule HC-G,
item 4, ‘‘Other’’ liabilities.)
(10) Improperly executed repurchase agreement sweep
accounts (repo sweeps). According to Section 360.8
Schedule HC-E
FR Y-9C
September 2018
Schedule HC-E
of the FDIC’s regulations, an ‘‘internal sweep
account’’ is ‘‘an account held pursuant to a contract
between an insured depository institution and its
customer involving the pre-arranged, automated
transfer of funds from a deposit account to . . .
another account or investment vehicle located
within the depository institution.’’ When a repo
sweep from a deposit account is improperly executed
by an institution, the customer obtains neither an
ownership interest in identified assets subject to a
repurchase agreement nor a perfected security interest in the applicable assets. In this situation, the
institution should report the swept funds as deposit
liabilities, not as repurchase agreements, beginning
July 1, 2009.
(11) The unpaid balance of money received or held by
the reporting institution that the reporting institution promises to pay pursuant to an instruction
received through the use of a card, or other payment code or access device, issued on a prepaid or
prefunded basis.
In addition, the gross amount of debit items (‘‘throwouts,’’ ‘‘bookkeepers’ cutbacks,’’ or ‘‘rejects’’) that cannot be posted to the individual deposit accounts without
creating overdrafts or for some other reason, but which
have been charged to the control accounts of the various
deposit categories on the general ledger, should be credited to (added back to) the appropriate deposit control
totals and reported in Schedule HC, item 11, ‘‘Other
assets.’’
The distinction between transaction and nontransaction
accounts is discussed in detail in the Glossary entry for
“deposits.”
NOTE: Deposits defined in Regulation D as transaction
accounts include demand deposits, NOW accounts, telephone and preauthorized transfer accounts, and savings
deposits. However, for Call Report purposes, savings
deposits are classified as a type of nontransaction account.
For institutions that have suspended the six transfer limit
on an account that meets the definition of a savings
deposit, please see the “Treatment of Accounts where
Reporting Institutions Have Suspended Enforcement of
the Six Transfer Limit per Regulation D” in the Glossary
entry for “deposits” for further details on reporting
savings deposits.
FR Y-9C
Schedule HC-E
March 2021
Line Item 1 Deposits held in domestic offices of
commercial bank subsidiaries of the reporting
holding company.
Report in items 1(a) through 1(e) below deposits held
in domestic offices of the commercial bank subsidiaries
of the reporting holding company that are consolidated
by the holding company on this report.
For purposes of this item, commercial bank subsidiaries
cover all banks that file the commercial bank Consolidated Reports of Condition and Income (FFIEC 031,
041). See the Glossary entry for ‘‘Domestic Office’’ for
the definition of this term.
If the reporting holding company consolidates a subsidiary foreign bank on this report, items 1(a) through 1(e)
must also include deposits held in the U.S. offices of such
foreign bank subsidiaries.
Line Item 1(a) Noninterest-bearing balances.
Report all noninterest-bearing deposits, including any
matured time or savings deposits that have not automatically been renewed, as defined in the Glossary entry for
‘‘deposits.’’
Include the following:
(1) Noninterest-bearing deposits that are payable immediately on demand or issued with an original maturity
of less than seven days, or that are payable with less
than seven days notice, or for which the bank subsidiary does not reserve the right to require at least
seven days written notice of an intended withdrawal.
(2) Unpaid depositors’ checks that have been certified.
(3) Cashiers’ checks, money orders, or other officers’
checks issued for any purpose including those issued
in payment for services, dividends, or purchases that
are drawn on a consolidated bank subsidiary of the
reporting holding company by any of its duly authorized officers and that are outstanding on the report
date.
(4) Outstanding travelers’ checks, travelers’ letters of
credit, or other letters of credit (less any outstanding
drafts accepted thereunder) sold for cash or its
equivalent by the consolidated holding company
organization or its agents.
(5) Outstanding drafts and bills of exchange accepted by
the consolidated holding company organization or its
HC-E-3
Schedule HC-E
agents for money or its equivalent, including drafts
accepted against a letter of credit issued for money or
its equivalent.
(6) Checks or drafts drawn by, or on behalf of, a
non-U.S. office of a subsidiary bank of the reporting
holding company on an account maintained at a U.S.
office of the bank subsidiary. Such drafts are, for the
Consolidated Financial Statements for Holding Companies, the same as officers’ checks. This would
include ‘‘London checks,’’ ‘‘Eurodollar bills payable
checks,’’ and any other credit items that the domestic
bank issues in connection with such transactions.
Line Item 1(b) Interest-bearing demand deposits
NOW, ATS, and other transaction accounts.
Report in this item all interest-bearing demand deposits,
all accounts subject to negotiable orders of withdrawal
(i.e., NOW accounts), all ATS accounts (that is, accounts
subject to automatic transfer from savings accounts), and
all other transaction accounts, excluding noninterestbearing demand deposits.
Other transaction accounts include the following:
(1) Accounts (other than MMDAs) that permit third
party payments through automated teller machines
(ATMs) or remote service units (RSUs).
(2) Accounts (other than MMDAs) that permit third
party payments through the use of checks, drafts,
negotiable instruments, debit cards, or other similar
items.
Line Item 1(c) Money market deposit accounts
and other savings accounts.
Report in this item all savings deposits held in the
subsidiary commercial banks consolidated in this report
by the reporting holding company, other than NOW
accounts, ATS accounts, or other transaction accounts
that are in the form of savings deposits.
Include the following in this item:
(1) Money market deposit accounts (MMDAs).
(2) All other savings deposits that are not classified as
transaction accounts (e.g., regular savings and passbook savings accounts).
(3) Interest paid by crediting the savings deposit accounts
defined by paragraphs (1) through (2) in this item.
HC-E-4
Exclude the following from this item:
(1) NOW accounts (including ‘‘Super NOWs’’) and ATS
accounts (report in item 1(b) above). instruction.
(2) Special passbook or statement accounts, such as
‘‘90-day notice accounts,’’ ‘‘golden passbook
accounts,’’ or deposits labeled as ‘‘savings certificates,’’ that have a specified original maturity of
seven days or more (report as time deposits in
item 1(d) or 1(e) below).
(3) Interest accrued on savings deposits but not yet paid
or credited to a deposit account (exclude from this
schedule and report in Schedule HC, item 20, ‘‘Other
liabilities’’).
Line Item 1(d) Time deposits of $250,000 or less
Report in this item all time deposits with balances of
$250,000 or less that are held in domestic offices of the
commercial bank subsidiaries of the reporting holding
company. This item includes both time certificates
of deposit and open-account time deposits with balances
of $250,000 or less, regardless of negotiability or
transferability.
Include the following:
(1) Time deposits (as defined in the Glossary entry for
‘‘deposits’’), which are deposits with original maturities of seven days or more, that are not classified as
transaction accounts and that have balances of
$250,000 or less.
(2) Interest paid by crediting nontransaction time deposit
accounts with balances of $250,000 or less.
(3) Time deposits issued to deposit brokers in the form
of large (more than $250,000) certificates of deposit
that have been participated out by the broker in
shares of $250,000 or less. In addition, if the bank
subsidiary has issued a master certificate of deposit to
a deposit broker in an amount that exceeds $250,000
and under which brokered certificates of deposit are
issued in $1,000 amounts (so-called ‘‘retail brokered
deposits’’), individual depositors who purchase multiple certificates issued by the bank subsidiary normally do not exceed the applicable deposit insurance
limit (currently $250,000). Under current deposit
insurance rules the deposit broker is not required to
provide information routinely on these purchasers
and their account ownership capacity to the bank
Schedule HC-E
FR Y-9C
December 2020
Schedule HC-E
subsidiary issuing the deposits. If this information is
not readily available to the issuing bank subsidiary,
these brokered certificates of deposit in $1,000
amounts should be reported in this item as time
deposits of $250,000 or less.
Exclude from this item all time deposits with balances of
more than $250,000 (report in item 1(e) below).
Line Item 1(e) Time deposits of more than
$250,000.
Report in this item all time deposits, including time
certificates of deposit and open-account time deposits
with balances of more than $250,000, regardless of
negotiability or transferability that are held in the commercial bank subsidiaries of the reporting holding
company.
Include the following:
(1) Time deposits (as defined in the Glossary entry for
‘‘deposits’’), which are deposits with original maturities of seven days or more, that are not classified
as transaction accounts and that have balances of
more than $250,000.
(2) Interest paid by crediting nontransaction time deposit
accounts with balances of more than $250,000.
Exclude the following:
(1) All time deposits issued to deposit brokers in the
form of large (more than $250,000) certificates of
deposit that have been participated out by the broker
in shares of $250,000 or less (report in item 1(d)).
(2) All time deposits with balances of $250,000 or less
(report in item 1(d)),
NOTE: Holding companies should include as time deposits of their commercial bank subsidiaries of more than
$250,000 those time deposits originally issued in denominations of $250,000 or less but that, because of interest
paid or credited, or because of additional deposits, now
have a balance of more than $250,000.
Line Item 2 Deposits held in domestic offices of
other depository institutions that are subsidiaries of
the reporting holding company.
NOTE: Items 2(a) through 2(e) are to be completed only
by holding companies that have depository institutions
other than banks as subsidiaries.
FR Y-9C
Schedule HC-E
December 2020
Report in items 2(a) through 2(e) below deposits held in
domestic offices of other depository institutions that are
subsidiaries of the reporting holding company and that
are consolidated by the holding company on this report.
For purposes of this item, other depository institutions
cover depository institutions other than commercial
banks (as defined in item 1 of this schedule) that are
consolidated subsidiaries of the reporting holding company. Such depository institutions may include savings
and loan or building and loan associations, depository
trust companies, or other institutions that accept deposits
that do not submit the commercial bank Reports of
Condition and Income (FFIEC 031, 041).
Exclude Edge and Agreement Corporations from the
coverage of ‘‘other depository institutions’’ for purposes
of this item. Domestic offices are those offices located in
the fifty states of the United States and the District of
Columbia.
Line Item 2(a) Noninterest-bearing balances.
Report all noninterest-bearing deposits, including any
matured time or savings deposits that have not automatically been renewed, as defined in the Glossary entry for
‘‘deposits,’’ that are held in domestic offices of ‘‘other
depository institutions’’ that are subsidiaries consolidated
on the reporting holding company’s financial statements.
Include any deposit account on which the issuing depository institution pays no compensation.
Line Item 2(b) Interest-bearing demand deposits,
NOW, ATS, and other transaction accounts.
Report in this item all interest-bearing demand deposits,
all accounts subject to negotiable orders of withdrawal
(i.e., NOW accounts), all ATS accounts (that is, accounts
subject to automatic transfer from savings accounts), and
all other transaction accounts that are held in domestic
offices of the ‘‘other depository institution’’ subsidiaries
of the reporting holding company.
Other transaction accounts include the following:
(1) Accounts (other than MMDAs) that permit third
party payments through automated teller machines
(ATMs) or remote service units (RSUs).
(2) Accounts (other than MMDAs) that permit third
party payments through the use of checks, drafts,
negotiable instruments, debit cards, or other similar
items.
HC-E-5
Schedule HC-E
Line Item 2(c) Money market deposit accounts
and other savings accounts.
Report in this item all savings deposits held in the
subsidiary depository institutions (other than commercial
banks) consolidated in this report by the reporting holding company, other than NOW accounts, ATS accounts,
or other transaction accounts that are in the form of
savings deposits.
Include in this item the following:
(1) Money market deposit accounts (MMDAs).
(2) All other savings deposits that are not classified as
transaction accounts (e.g., regular savings and passbook savings accounts).
(3) Interest paid by crediting the savings deposit accounts
defined by paragraphs (1) through (4) in this item.
Exclude from this item the following:
(1) NOW accounts and ATS accounts (report in item 2(b)
above).
(2) Savings deposits subject to telephone or preauthorized transfer (report in item 2(b) above).
(3) Interest accrued on savings deposits but not yet paid
or credited to a deposit account (exclude from this
schedule and report in Schedule HC, item 20, ‘‘Other
liabilities’’).
Line Item 2(d) Time deposits of $250,000 or less.
Report in this item all time deposits with balances of
$250,000 or less that are held in domestic offices of
‘‘other depository institutions’’ (other than commercial
banks), as defined in item 2 above that are subsidiaries of
the reporting holding company. This item includes both
time certificates of deposit and open-account time deposits with balances of $250,000 or less, regardless of
negotiability or transferability.
Include the following:
(1) Time deposits (as defined in the Glossary entry for
‘‘deposits’’), which are deposits with original maturities of seven days or more, that are not classified as
transaction accounts and that have balances of
$250,000 or less.
(2) Interest paid by crediting nontransaction time deposit
accounts with balances of $250,000 or less.
HC-E-6
(3) Time deposits issued to deposit brokers in the form
of large (more than $250,000) certificates of deposit
that have been participated out by the broker in
shares of $250,000 or less. In addition, if the depository institution has issued a master certificate of
deposit to a deposit broker in an amount that exceeds
$250,000 and under which brokered certificates of
deposit are issued in $1,000 amounts (so-called
“retail brokered deposits”), individual depositors who
purchase multiple certificates issued by the depository institution normally do not exceed the applicable
deposit insurance limit (currently $250,000). Under
current deposit insurance rules the deposit broker is
not required to provide information routinely on
these purchasers and their account ownership capacity to the depository institution issuing the deposits.
If this information is not readily available to the
issuing depository institution, these brokered certificates of deposit in $1,000 amounts should be reported
in this item as time deposits $250,000 or less.
Exclude from this item all time deposits with balances of
more than $250,000 (report in item 2(e) below).
Line Item 2(e) Time deposits of more than
$250,000.
Report in this item all time deposits, including time
certificates of deposit and open-account time deposits
with balances of more than $250,000, regardless of
negotiability or transferability that are held in depository
institutions (other than commercial banks) that are subsidiaries of the reporting holding company.
Include the following:
(1) Time deposits (as defined in the Glossary entry for
“deposits”), which are deposits with original maturities of seven days or more, that are not classified as
transaction accounts and that have balances of more
than $250,000.
(2) Interest paid by crediting nontransaction time deposit
accounts with balances of more than $250,000.
Exclude the following:
(1) All time deposits issued to deposit brokers in the
form of large (more than $250,000) certificates of
deposit that have been participated out by the broker
in shares of $250,000 or less (report in item 2(d)).
Schedule HC-E
FR Y-9C
December 2020
Schedule HC-E
(2) All time deposits with balances of $250,000 or less
(report in item 2(d)),
NOTE: Holding companies should include as time deposits held in their depository institution subsidiaries (other
than commercial banks) with balances of more than
$250,000, those time deposits originally issued in denominations of $250,000 or less, but that, because of interest
paid or credited, or because of additional deposits, now
have a balance of more than $250,000.
Memoranda
Line Item M1 Brokered deposits $250,000 or less
with a remaining maturity of one year or less.
Report in this item those brokered time deposits included
in items 1 or 2 above with balances of $250,000 or less
with a remaining maturity of one year or less and are held
in domestic offices of commercial banks or other depository institutions that are subsidiaries of the reporting
holding company. Remaining maturity is the amount of
time remaining from the report date until the final
contractual maturity of a brokered deposit. Include in this
item time deposits issued to deposit brokers in the form
of large (more than $250,000) certificates of deposit that
have been participated out by the broker in shares of
$250,000 or less. Also report in this item all brokered
demand and savings deposits with balances of $250,000
or less. See the Glossary entries for ‘‘Brokered deposits’’
and ‘‘Brokered retail deposits’’ for additional information.
Line Item M2 Brokered deposits $250,000 or less
with a remaining maturity of more than one year.
Report in this item those brokered time deposits included
in items 1 or 2 above with balances of $250,000 or less
FR Y-9C
Schedule HC-E
March 2017
with a remaining maturity of more than one year and are
held in domestic offices of commercial banks or other
depository institutions that are subsidiaries of the reporting holding company. Remaining maturity is the amount
of time remaining from the report date until the final
contractual maturity of a brokered deposit. Include in this
item time deposits issued to deposit brokers in the form
of large (more than $250,000) certificates of deposit that
have been participated out by the broker in shares of
$250,000 or less. See the Glossary entries for “Brokered
deposits” and “Brokered retail deposits” for additional
information.
Line Item M3 Time deposits of more than
$250,000 with a remaining maturity of one year or
less.
Report in this item time deposits included in items 1(e)
and 2(e) above that are issued in denominations of more
than $250,000 with a remaining maturity of one year or
less. Remaining maturity is the amount of time remaining
from the report date until the final contractual maturity of
a time deposit. Exclude from this item time deposits
issued to deposit brokers in the form of large (more than
$250,000) certificates of deposit that have been participated out by the broker in shares of $250,000 or less.
Line Item M4 Foreign office time deposits with a
remaining maturity of one year or less.
Report all time deposits in foreign offices with remaining
maturities of one year or less. Remaining maturity is the
amount of time remaining from the report date until the
final contractual maturity of a time deposit. The time
deposits included in this item will also have been
included in Schedule HC, item 13(b).
HC-E-7
LINE ITEM INSTRUCTIONS FOR
Other Assets
Schedule HC-F
General Instructions
Complete this schedule for the fully consolidated holding
company. Eliminate all intercompany balances between
offices, subsidiaries, and other entities included in the
scope of the consolidated holding company.
Holding companies that have adopted ASU 2016-13,
which governs the accounting for credit losses, should
report assets on Schedule HC-F net of any applicable
allowance for credit losses.
Line Item 1 Accrued interest receivable.
Report the amount of recorded accrued interest on
interest-bearing assets applicable to current or prior
periods that has not yet been collected. Exclude accrued
interest receivable on interest-bearing assets that is
reported elsewhere on Schedule HC, Balance Sheet.
Holding companies that have adopted ASU 2016-13
should report amounts in this item net of any applicable
allowance for credit losses. Exclude retained interests in
accrued interest receivable related to securitized credit
cards (report in Schedule HC-F, item 6, “All other
assets”).
Line Item 2 Net deferred tax assets.
Report the net amount after offsetting deferred tax assets
(net of valuation allowance) and deferred tax liabilities
measured at the report date for a particular tax jurisdiction if the net result is a debit balance. If the result for a
particular tax jurisdiction is a net credit balance, report
the amount in Schedule HC-G, item 2, ‘‘Net deferred tax
liabilities.’’ If the result for each tax jurisdiction is a
net credit balance, enter a zero or the word ‘‘none’’ in this
item. (A holding company may report a net deferred tax
debit, or asset, for one tax jurisdiction, such as for federal
income tax purposes, and also report at the same time a
net deferred tax credit, or liability, for another tax
FR Y-9C
Schedule HC-F March 2020
jurisdiction, such as for state or local income tax purposes.)
For further information on calculating deferred taxes for
different tax jurisdictions, see the Glossary entry for
‘‘income taxes.’’
Line Item 3 Interest-only strips receivable (not in
the form of a security):
Report the fair value of interest-only strips receivable
(not in the form of a security) on mortgage loans and all
other financial assets.
As defined in ASC Topic 860, Transfers and Servicing
(formerly FASB Statement No. 140, Accounting for
Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, as amended), an interest-only
strip receivable is the contractual right to receive some or
all of the interest due on a bond, mortgage loan, collateralized mortgage obligation, or other interest-bearing
financial asset. This includes, for example, contractual
rights to future interest cash flows that exceed contractually specified servicing fees on financial assets that have
been sold. Report the interest-only strips receivable not
in the form of a security that are measured at fair value
like available-for-sale securities.1 Report unrealized gains
(losses) on these interest-only strips receivable in Schedule HC, item 26(b), “Accumulated other comprehensive
income.”
Exclude from this item interest-only strips receivable in
the form of a security, which should be reported as
available-for-sale securities in Schedule HC, item 2(b),
or as trading assets in Schedule HC, item 5, as appropriate. Also exclude interest-only strips not in the form of
1. An interest-only strip receivable is not in the form of a security if the
strip does not meet the definition of a security in ASC Topic 320,
Investments-Debt and Equity Securities (formerly FASB Statement No.
115, Accounting for Certain Investments in Debt and Equity Securities).
HC-F-1
Schedule HC-F
a security that are held for trading, which should be
reported in Schedule HC, item 5.
Line Item 4 Equity investments without readily
determinable fair values.
Report the reporting holding company’s equity securities
and other equity investments without readily determinable fair values that are not reportable in other items on
the FR Y-9C report balance sheet (Schedule HC). An
equity security does not have a readily determinable fair
value if sales prices or bid-and-asked quotations are not
currently available on a securities exchange registered
with the U.S. Securities and Exchange Commission
(SEC) or are not publicly reported by the National
Association of Securities Dealers Automated Quotations
systems or by OTC Markets Group Inc. The fair value of
an equity security traded only in a foreign market is not
readily determinable if that foreign market is not of a
breadth and scope comparable to one of the U.S. markets
referred to above.
Equity investments that do not have readily determinable
fair values may have been purchased by the reporting
holding company or acquired for debts previously contracted.
All holding companies should report equity securities
and other equity investments without readily determinable fair values at (i) fair value or (ii) if chosen by the
reporting holding company for an individual equity
investment that does not have a readily determinable fair
value, at cost minus impairment, if any, plus or minus
changes resulting from observable price changes in
orderly transactions for the identical or a similar investment of the same issuer. These equity securities are
within the scope of ASC Topic 321, Investments-Equity
Securities, or ASC Topic 323, Investments-Equity Method
and Joint Ventures.
Although Federal Reserve Bank stock and Federal Home
Loan Bank stock do not have readily determinable fair
values, they are outside the scope of ASC Topics 321 and
323. In accordance with ASC Subtopic 942-325, Financial Services-Depository and Lending – InvestmentsOther, Federal Reserve Bank stock and Federal Home
Loan Bank stock are carried at cost and evaluated for
impairment.
Include in this item:
(1) Federal Reserve Bank stock.
HC-F-2
(2) Common and preferred stocks that do not have
readily determinable fair values, such as stock of
bankers’ banks and Class B voting common stock of
the Federal Agricultural Mortgage Corporation
(Farmer Mac).
(3) Federal Home Loan Bank stock.
(4) “Restricted stock,” as defined in ASC Topic 320, i.e.,
equity securities for which sale is restricted by
governmental or contractual requirement (other than
in connection with being pledged as collateral),
except if that requirement terminates within one year
or if the holder has the power by contract or otherwise to cause the requirement to be met within one
year.
(5) Participation certificates issued by a Federal Intermediate Credit Bank, which represent nonvoting stock
of the bank.
(6) Minority interests held by the reporting holding
company in any company not meeting the definition
of associated company, except minority holdings that
indirectly represent premises of the holding company
(report in Schedule HC, item 6), other real estate
owned (report in Schedule HC, item 7), or investments in real estate ventures (report in Schedule HC,
item 9), provided that the fair value of any capital
stock representing the minority interest is not readily
determinable. (See the Glossary entry for ‘‘subsidiaries’’ for the definition of associated company.)
(7) Equity holdings in those corporate ventures over
which the reporting bank does not exercise significant influence, except equity holdings that indirectly
represent premises of the holding company (report in
Schedule HC, item 6), other real estate owned (report
in Schedule HC, item 7), or investments in real estate
ventures (report in Schedule HC, item 9). (See the
Glossary entry for ‘‘subsidiaries’’ for the definition of
corporate joint venture.)
Exclude from this item:
(1) Investments in subsidiaries that have not been consolidated; associated companies; corporate joint ventures, unincorporated joint ventures, and general
partnerships over which the holding company exercises significant influence; and noncontrolling investments in certain limited partnerships and limited
liability companies (described in the Glossary entry
Schedule HC-F
FR Y-9C
December 2020
Schedule HC-F
for ‘‘equity method of accounting’’) (report in Schedule HC, item 8, ‘‘Investments in unconsolidated
subsidiaries and associated companies,’’ or item 9,
‘‘Direct and indirect investments in real estate ventures,’’ as appropriate).
(2) Preferred stock that by its terms either must be
redeemed by the issuing enterprise or is redeemable
at the option of the investor (report in Schedule HC-B, item 6, ‘‘Other debt securities’’).
Line Item 5 Life insurance assets.
Report in the appropriate subitem the amount of the
holding company’s general account, separate account,
and hybrid account holdings of life insurance that could
be realized under the insurance contracts as of the report
date. In general, this amount is the cash surrender value
reported to the holding company by the insurance carrier,
less any applicable surrender charges not reflected by the
carrier in the reported cash surrender value, on all forms
of permanent life insurance policies owned by the holding company, its consolidated subsidiaries, and grantor
(rabbi) trusts established by the holding company or its
consolidated subsidiaries, regardless of the purposes for
acquiring the insurance. A holding company should also
consider any additional amounts included in the contractual terms of the insurance policy in determining the
amount that could be realized under the insurance contract. For further information, see the Glossary entry for
‘‘bank-owned life insurance.’’
policy, the general assets of the insurance company
issuing the policy support the policy’s cash surrender
value.
Also include the portion of the carrying value of:
(1) Separate account policies that represents general
account claims on the insurance company, such as
realizable deferred acquisition costs and mortality
reserves; and
(2) Hybrid account policies that represents general
account claims on the insurance company, such as
any shortfall in the value of the separate account
assets supporting the cash surrender value of the
policies.
Line Item 5(b) Separate account life insurance
assets.
Report the amount of the holding company’s holdings of
life insurance assets associated with separate account
insurance policies. In a separate account policy, the
policy’s cash surrender value is supported by assets
segregated from the general assets of the insurance
carrier. Under such an arrangement, the policyholder
neither owns the underlying separate account created by
the insurance carrier on its behalf nor controls investment
decisions in the underlying account, but does assume all
investment and price risk.
Include as life insurance assets the holding company’s
interest in insurance policies under split-dollar life insurance arrangements with directors, officers, and employees under both the endorsement and collateral assignment
methods.
Separate accounts are employed by life insurers to meet
specific investment objectives of policyholders. The
accounts are often maintained as separate accounting and
reporting entities for pension plans as well as fixed
benefit, variable annuity, and other products. Investment
income and investment gains and losses generally accrue
directly to such policyholders and are not accounted for
on the general accounts of the insurer. On the books of
the insurer, the carrying values of separate account assets
and liabilities usually approximate each other with little
associated capital. Because they are legally segregated,
the assets of each separate account are not subject to
claims on the insurer that arise out of any other business
of the insurance company.
Line Item 5(a) General account life insurance
assets.
Line Item 5(c) Hybrid account life insurance
assets.
Report the amount of the holding company’s holdings of
life insurance assets associated with general account
insurance policies. In a general account life insurance
Report the amount of the holding company’s holdings of
life insurance assets associated with hybrid account
insurance policies. A hybrid account insurance policy
Permanent life insurance refers to whole and universal
life insurance, including variable universal life insurance.
Purposes for which insurance may be acquired include
offsetting pre- and post-retirement costs for employee
compensation and benefit plans, protecting against the
loss of key persons, and providing retirement and death
benefits to employees.
FR Y-9C
Schedule HC-F
March 2013
HC-F-3
Schedule HC-F
combines features of both general and separate account
insurance products. Similar to a general account life
insurance policy, a hybrid policy offers a guaranteed
minimum crediting rate, does not carry market value risk,
and does not require stable value protection. However,
like a separate account life insurance policy, a hybrid
policy’s cash surrender value is supported by assets
segregated from the general assets of the insurance
carrier. Because they are legally segregated, the assets of
each separate account are not subject to claims on the
insurer that arise out of any other business of the
insurance company. Additionally, the holding company
holding the hybrid account life insurance policy is able to
select the investment strategy in which the insurance
premiums are invested. Under such an arrangement, the
policyholder neither owns the underlying separate account
created by the insurance carrier on its behalf nor controls
investment decisions in the underlying account.
Line Item 6 Other.
Report the amount of all other assets (other than those
reported in Schedule HC-F, items 1, 2, 3, 4, and 5 above)
which cannot properly be reported in Schedule HC,
items 1 through 10.
Holding companies that have adopted ASU 2016-13,
report financial assets included within this line item net
of any applicable allowances for credit losses.
Include as all other assets:
(1) Prepaid expenses i.e., those applicable as a charge
against earnings in future periods.
(2) Cost of issuing subordinated notes and debentures
and the cost of issuing notes payable to unconsolidated special purpose entities that issue trust preferred securities, net of accumulated amortization.
(3) Automobiles, boats, equipment, appliances, and
similar personal property repossessed or otherwise
acquired for debts previously contracted.
(4) Derivative instruments that have a positive fair
value that the holding company holds for purposes
other than trading. For further information, see
Glossary entry for ‘‘derivative contracts.’’
(5) Accrued interest on securities purchased (if
accounted for separately from ‘‘accrued interest
receivable’’ in the holding company’s records).
HC-F-4
(6) Cash items not conforming to the definition of
‘‘Cash items in process of collection’’ found in the
instruction to Schedule HC, item 1(a).
(7) Credit or debit card sales slips in process of collection until the reporting holding company has been
notified that it has been given credit (report thereafter in Schedule HC, item 1(a), ‘‘Noninterest-bearing
balances and currency and coin’’).
(8) Purchased computer software, net of accumulated
amortization, and unamortized costs of computer
software to be sold, leased, or otherwise marketed
capitalized in accordance with the provisions of
ASC Subtopic 985-20, Software – Costs of Software to Be Sold, Leased or Marketed (formerly
FASB Statement No. 86, Accounting for the Cost of
Computer Software to be Sold, Leased, or Otherwise Marketed).
(9) Bullion (e.g., gold or silver) not held for trading
purposes.
(10) Original art objects, including paintings, antique
objects, and similar valuable decorative articles
(report at cost unless there has been a decline in
value, judged to be other than temporary, in which
case the object should be written down to its fair
value).
(11) Securities or other assets held in charitable trusts
(e.g., Clifford Trusts).
(12) The full amount (with the exceptions noted below)
of customers’ liability to the reporting holding
company on drafts and bills of exchange that have
been accepted by the reporting holding company, or
by others for its account, and are outstanding. The
amount of customers’ liability to the reporting
holding company on its acceptances that have not
yet matured should be reduced only when: (a) the
customer anticipates its liability to the reporting
holding company on an outstanding acceptance by
making a payment to the holding company in
advance of the acceptance’s maturity that immediately reduces the customer’s indebtedness to the
holding company on such an acceptance; or (b) the
reporting holding company acquires and holds its
own acceptance. See the Glossary entry for ‘‘bankers acceptances’’ for further information.
(13) Debt issuance costs related to line-of-credit arrangements, net of accumulated amortization. Debt issuance costs related to a recognized debt liability that
Schedule HC-F
FR Y-9C
March 2019
Schedule HC-F
is not a line-of-credit arrangement should be presented as a direct deduction from the face amount
of the related debt, not as an asset. For debt
reported at fair value under a fair value option, debt
issuance costs should be expensed as incurred.
(14) Furniture and equipment rented to others under
operating leases, net of accumulated depreciation.
(15) Ground rents.
(16) Customers’ liability for deferred payment letters of
credit.
(17) Reinsurance recoverables of insurance subsidiaries
from unaffiliated reinsurers only. (Also report, as
appropriate, in Schedule HC-I).
(18) ‘‘Separate account assets’’ of insurance subsidiaries. (Also report, as appropriate, in Schedule
HC-I).
(19) The positive fair value of unused loan commitments (not accounted for as derivatives) that the
holding company has elected to report at fair value
under a fair value option.
(20) Retained interests in accrued interest receivable
related to securitized credit cards. For further information, see the Glossary entry for ‘‘accrued interest
receivable related to credit card securitizations.’’
the guarantee is not separable from the loan before
foreclosure and, at the time of foreclosure, (a) the
institution’s intent is to convey the property to the
guarantor and make a claim on the guarantee and
the holding company has the ability to recover
under that claim, and (b) any amount of the claim
that is determined on the basis of the fair value of
the real estate is fixed. For further information, see
the Glossary entry for “Foreclosed assets.”
Exclude from all other assets:
(1) Redeemed U.S. savings bonds and food stamps
(report in Schedule HC, item 1(a), ‘‘Noninterestbearing balances and currency and coin’’).
(2) Real estate owned or leasehold improvements to
property intended for future use as premises of the
holding company (report in Schedule HC, item 6,
‘‘Premises and fixed assets’’).
(3) Accounts identified as ‘‘building accounts,’’ ‘‘construction accounts,’’ or ‘‘remodeling accounts’’ (report
in Schedule HC, item 6, ‘‘Premises and fixed assets’’).
(4) Real estate acquired in any manner for debts previously contracted (including, but not limited to, real
estate acquired through foreclosure and real estate
acquired by deed in lieu of foreclosure), even if the
holding company has not yet received title to the
property, and real estate collateral underlying a loan
when the holding company has obtained physical
possession of the collateral (report as ‘‘All other real
estate owned’’ in Schedule HC-M, item 13(b)).
(21) Indemnification assets arising from loss-sharing
agreements with the FDIC covering specified assets
acquired from failed insured depository institutions
or otherwise purchased from the FDIC. (Exclude
the assets covered by FDIC loss-sharing agreements from this component of ‘‘Other’’ assets.
Report each covered asset in the balance sheet
category appropriated to the asset on Schedule HC,
e.g., report covered held-for-investment loans in
Schedule HC, item 4(b), ‘‘Loans and leases, held
for investment.’’)
Line Item 7 Total.
(22) Receivables arising from foreclosures on fully and
partially government-guaranteed mortgage loans if
Report the sum of items 1 through 6. This amount must
equal Schedule HC, item 11, ‘‘Other assets.’’
FR Y-9C
Schedule HC-F
March 2018
(5) Due bills representing purchases of securities or
other assets by the reporting bank that have not yet
been delivered (report as loans in Schedule HC-C).
(6) Factored accounts receivable (report as loans in
Schedule HC-C).
HC-F-5
LINE ITEM INSTRUCTIONS FOR
Other Liabilities
Schedule HC-G
General Instructions
Line Item 4 Other.
Complete this schedule for the fully consolidated holding
company. Eliminate all intercompany balances between
offices, subsidiaries, and other entities included in the
scope of the consolidated holding company.
Report the amount of all other liabilities (other than those
reported in Schedule HC-G, items 2 and 3 above) that
cannot properly be reported in Schedule HC, items 13
through 19. Report the amount of interest on deposits,
income taxes, interest on nondeposit liabilities, and other
expenses accrued through charges to expense during the
current or prior periods, but not yet paid or credited to a
deposit account.
Line Item 1 Not applicable.
Line Item 2 Net deferred tax liabilities.
Report the net amount after offsetting deferred tax assets
(net of valuation allowance) and deferred tax liabilities
measured at the report date for a particular tax jurisdiction if the net result is a credit balance. If the result for a
particular tax jurisdiction is a net debit balance, report the
amount in Schedule HC-F, item 2, “Net deferred tax
assets.” If the result for each tax jurisdiction is a net debit
balance, enter a zero in this item. (A holding company
may report a net deferred tax debit, or asset, for one tax
jurisdiction, such as for federal income tax purposes, and
also report at the same time a net deferred tax credit, or
liability, for another tax jurisdiction, such as for state or
local income tax purposes.)
For further information on calculating deferred taxes for
different tax jurisdictions, see the Glossary entry for
‘‘income taxes.’’
Line Item 3 Allowance for credit losses on
off-balance sheet credit exposures.
Report the amount of any allowance for credit losses on
off-balance sheet exposures established in accordance
with generally accepted accounting principles.
Holding companies that have adopted FASB Accounting
Standards Update No. 2016-13, which governs the
accounting for credit losses, should exclude off-balance
sheet credit exposures that are unconditionally cancellable by the holding company when estimating expected
credit losses.
FR Y-9C
Schedule HC-G
March 2020
Include as all other liabilities:
(1) Accounts payable.
(2) Deferred compensation liabilities.
(3) Dividends declared but not yet payable—Include
the amount of cash dividends declared on limitedlife preferred, perpetual preferred, and common
stock on or before the report date but not payable until after the report date. (Report dividend
checks outstanding as deposit liabilities in Schedule HC-E).
(4) Derivative instruments that have a negative fair
value that the reporting holding company holds for
purposes other than trading. For further information, see Glossary entry for ‘‘derivative contracts.’’
(5) For holding companies that have adopted FASB
Accounting Standards Update No. 2016-02 on
accounting for leases, lease liabilities for operating
leases.
(6) Deferred gains from sale–leaseback transactions.
(7) Unamortized loan fees, other than those that represent an adjustment of the interest yield, if material
(refer to the Glossary entry for “loan fees” for
further information).
(8) Holding company’s liability for deferred payment
letters of credit.
HC-G-1
Schedule HC-G
(9) Recourse liability accounts arising from asset transfers with recourse that are reported as sales.
(10) Claims and claims adjustment expense reserves of
insurance subsidiaries. (Also report, as appropriate,
in Schedule HC-I).
(11) Unearned premiums of insurance subsidiaries. (Also
report, as appropriate, in Schedule HC-I).
(12) Policyholder benefits and contractholder funds of
insurance subsidiaries. (Also report, as appropriate,
on Schedule HC-I).
(13) “Separate account liabilities” of insurance subsidiaries (Also report, as appropriate, in Schedule HC-I).
(14) The full amount (except as noted below) of the
liability represented by drafts and bills of exchange
that have been accepted by the reporting holding
company, or by others for its account, and that are
outstanding. The holding company’s liability on
acceptances executed and outstanding should be
reduced prior to the maturity of such acceptances
only when the reporting holding company acquires
and holds its own acceptances, i.e., only when the
acceptances are not outstanding. See the Glossary
entry for “bankers acceptances” for further information.
(15) Servicing liabilities.
(16) The negative fair value of unused loan commitments (not accounted for as derivatives) that the
holding company has elected to report at fair value
under a fair value option.
(17) Cash payments and other consideration received in
connection with transfers of the reporting holding
company’s other real estate owned that have been
financed by the institution and do not qualify for
sale accounting, which applicable accounting standards describe as a “liability,” a “deposit,” or a
“deposit liability.” See the Glossary entry for “foreclosed assets” for further information.
(18) Income from the portion of conditional grants1 that
is deferred in accordance with ASC Subtopic 958605, Not-For-Profit-Entities, for which conditions
required by the grant have not been satisfied.
1. For the purpose of these instructions, the term “grant” will refer to
non-reciprocal contributions of cash from government or nongovernmental entities that are accounted for in accordance with or by
analogy to ASC Subtopic 958-605. These instructions do not address
HC-G-2
Exclude from all other liabilities (report in Schedule HC,
item 19(b), ‘‘Subordinated notes payable to unconsolidated trusts issuing trust preferred securities, and trust
preferred securities issued by consolidated special purpose entities’’):
(1) Instruments generally referred to as trust preferred
securities that are issued out of consolidated special
purpose entities. For further information, see the
Glossary entry for ‘‘Trust preferred securities
issued.’’
(2) Notes payable to unconsolidated special purpose
entities that issue trust preferred securities.
Exclude from all other liabilities (report in appropriate
items of Schedule HC-E, Deposit Liabilities):
(1) Proceeds from sales of U.S. savings bonds.
(2) Withheld taxes, social security taxes, sales taxes, and
similar items.
(3) Mortgage and other escrow funds (e.g., funds received
for payment of taxes or insurance), sometimes
described as mortgagors’ deposits or mortgage credit
balances.
(4) Undisbursed loan funds for which borrowers are
liable and on which they pay interest. The amounts of
such undisbursed funds should be included in both
loans and deposits.
(5) Funds held as dealer reserves (see the Glossary entry
for ”dealer reserve accounts” for the definition of this
term).
(6) Payments collected by the holding company on loans
secured by real estate and other loans serviced for
others that have not yet been remitted to the owners
of the loans.
(7) Credit balances on credit cards and other revolving
credit plans as a result of customers’ overpayments.
Also exclude from all other liabilities 1) due bills or
similar instruments representing the holding company’s
receipt of payment, (2) the holding company’s liability
on capital lease obligations (report in Schedule HC,
item 16, “Other borrowed money”), and (3) income
earned from non-conditional grants or from the portion of
conditional grants for which conditions required have
nonmonetary contribution of assets, such as a building, in exchange
transactions.
Schedule HC-G
FR Y-9C
September 2021
Schedule HC-G
been satisfied (report in Schedule HI, “Other noninterest
income,” item 5.l).
FR Y-9C
Schedule HC-G
September 2021
Line Item 5 Total.
Report the sum of items 2 through 4. This amount must
equal Schedule HC, item 20, “Other liabilities.”
HC-G-3
LINE INSTRUCTIONS FOR
Interest Sensitivity
Schedule HC-H
General Instructions
Schedule HC-H requests information related to interest
rate sensitivity.
Information for only selected assets and liabilities is
requested in this schedule. The schedule does not provide, nor is it intended to provide, a comprehensive view
of the interest rate sensitivity position of the reporting
holding company.
The information reported on this schedule must be
consolidated on the same basis as the rest of the Consolidated Financial Statements for Holding Companies.
However, holding companies that have foreign subsidiaries or subsidiaries with more than one office in foreign
countries (including offices of consolidated foreign subsidiaries but excluding ‘‘shell’’ branches, excluding
offices in Puerto Rico or U.S. territories and possessions,
and excluding IBFs) have the option of excluding the
smallest of such non-U.S. offices from coverage in this
schedule. Such holding companies may exclude the
smallest of their offices in foreign countries (other than
‘‘shell’’ branches) when arrayed by total assets provided
that the assets of the excluded offices do not exceed
50 percent of the total assets of the holding company’s
offices (excluding ‘‘shells’’) in foreign countries and do
not exceed 10 percent of the total consolidated assets of
the reporting holding company as of the report date.
(Note: In determining the total assets of offices in foreign
countries eligible for exclusion from this schedule, holding companies should exclude not only ‘‘shell’’ branches
but also offices in Puerto Rico and U.S. territories and
possessions, domestic offices of Edge and Agreement
subsidiaries, and IBFs even though these are sometimes
referred to as ‘‘foreign’’ offices. Also, the asset totals for
all offices in foreign countries should be the component
of the total consolidated assets, i.e., should exclude all
intracompany transactions.)
The assets and liabilities included in this schedule should
be reported without regard to the instruments’ repayment
FR Y-9C
Schedule HC-H
March 2013
schedules, by remaining maturity for transactions with
fixed or predetermined rates, and by repricing frequency
for transactions with floating or adjustable rates. (See
definitions of terms below.)
Alternatively, the holding company may, at its option:
(1) continue to report its floating rate transactions by
the earliest repricing opportunity if its records provide repricing data on the length of time between the
report date and the date the rate can next change; and
(2) continue to report its multipayment transactions on
the basis of the scheduled contractual payments if its
records provide repricing data on the basis of these
scheduled contractual payments.
However, the reporting holding company must
apply either the first procedure in reporting this schedule
or the alternate procedure but it must apply one procedure consistently for every transaction reported on this
schedule.
Definitions
A fixed interest rate is a rate that is specified at the
origination of the transaction, is fixed and invariable
during the term of the instrument, and is known to both
the borrower and the lender.
A predetermined interest rate is a rate that changes
during the term of the instrument on a predetermined
basis, with the exact rate of interest over the life of the
instrument known with certainty to both the borrower
and the lender when the instrument is acquired. Examples
of predetermined-rate transactions are as follows:
(1) Loans that carry a specified interest rate, for, say, six
months and thereafter carry a rate equal to a specific
percentage over the initial rate.
(2) Loans that carry a specified interest rate while the
loan amount is below a certain threshold amount but
HC-H-1
Schedule HC-H
carry a different specified rate above that threshold
(e.g., a line of credit where the interest rate is 14%
when the unpaid balance of amounts advanced is
$100,000 or less, and 12% when the unpaid balance
is more than $100,000).
A floating or adjustable interest rate is a rate that varies,
or can vary, in relation to an index, to some other interest
rate, such as the rate on certain U.S. government securities or the bank’s ‘‘prime rate,’’ or to some other variable
criterion the exact value of which cannot be known in
advance. Therefore, the exact rate the instrument carries
at any subsequent time cannot be known at the time of
origination. If the interest rate can float or be adjusted
daily, the rate is considered immediately adjustable, even
if the rate is not, in fact, changed.
For purposes of this schedule, when the rate on an
instrument with a floating or adjustable rate can no longer
float because it has reached a floor or ceiling level, the
instrument is to be treated as ‘‘fixed rate’’ rather than as
‘‘floating rate’’ until the rate is again free to float.
Remaining maturity is the amount of time remaining
from the report date until the final contractual maturity of
the instrument without regard to the instruments repayment schedule, if any.
Repricing frequency is how often the contract permits the
interest rate on an instrument to be changed (e.g., daily,
monthly, quarterly, semiannually, annually) without regard
to the length of time between the report date and the date
the rate can next change.
Line Item 1 Earning assets that are repriceable
within one year or mature within one year.
Report all assets that the consolidated holding company
considers earning assets that have a remaining maturity
of less than one year or where the repricing frequency is
less than one year.
Earning assets generally include interest-bearing balances due from depository institutions, securities, federal
funds sold and securities purchased under agreements to
resell, and loans and leases. Assets in these categories
that are in nonaccrual status should be excluded from
earning assets.
Exclude trading account assets and equity securities.
Report in this item the following:
HC-H-2
(1) Earning assets that have a fixed or predetermined
interest rate and that have a remaining maturity of
less than one year.
Note, however, holding companies with multipayment fixed rate earning assets may continue to report
the dollar amount of scheduled contractual payments
that are to be repaid in less than one year in this item
even though the remaining maturity of the assets is
one year or more provided all multipayment transactions are reported in this manner. (See general
instructions for this schedule.)
(2) Earning assets that have a floating or variable rate
contract that permits the interest rate on the asset to
change more often than once a year, i.e., has a
repricing frequency of less than one year (even
though the remaining maturity on the assets may be
one year or more).
Note, however, holding companies whose records
provide repricing data on the length of time between
the report date and the date the rate can next change
(i.e., by earliest repricing opportunity) may continue
to report in this item the dollar amount of floating
rate earning assets with an earliest repricing opportunity of less than one year, even though the repricing
frequency is one year or more, provided all floating
rate transactions are reported on this schedule in this
manner. If a holding company chooses to report its
floating rate earning assets by the earliest repricing
opportunity, it should report in this item the dollar
amount of the contractual payments on its multipayment floating rate earning assets that are scheduled to
be repaid within one year even if the earliest repricing opportunity and the repricing frequency is one
year or more. (See general instructions for this
schedule.)
Included in this item, if the repricing frequency or
remaining maturity are less than one year, are the
following:
(1) Leases, held for investment, as fixed rate
instruments.
Note, however, holding companies may continue to
report the change in the book value of the lease
payments that are to be repaid in less than one year,
net of unearned income provided they are reporting
on this schedule using the alternate procedure
Schedule HC-H
FR Y-9C
March 2018
Schedule HC-H
described in the general instructions to this schedule. Any estimated residual value included in the
net book value should be reported if the final lease
payment is scheduled to be made in less than one
year.
(2) All demand loans made solely on a demand basis
(i.e., without an alternate maturity date or without
repayment terms).
(3) Demand loans that have an alternate maturity date
or repayment terms, as fixed or floating rate instruments, on the basis of the alternate maturity date.
(4) Credit cards and related plans with floating or
adjustable rates (e.g., where the rate varies, or can
vary, each billing cycle). Where the holding company in its contract with the borrower simply
reserves the right to change the interest rate on a
credit card or related plan, the plan should not be
considered to have a floating or adjustable rate.
Credit cards and related plans with fixed or predetermined rates are to be excluded from this item.
(5) Amortizing fixed rate mortgage loans that implicitly permit rate adjustments by having the note
mature at the end of an interval shorter than the
term of the amortization schedule unless the holding company made no promise to refinance the
loan, as a floating rate instrument.
(6) Student loans whose interest rate is adjusted periodically by the U.S. government by means of
interest payments that include an amount of ‘‘additional interest,’’ as floating rate instruments.
(7) Loans secured by real estate that are held by the
holding company or its subsidiaries for sale and
delivery to the Federal National Mortgage Association or other secondary market participants under
the terms of a binding commitment, on the basis of
the delivery date specified in the commitment.
(8) Floating rate loans on which the borrower has the
option at each repricing date to choose the next
repricing date, in accordance with the repricing
option currently in effect as of the report date.
(9) Debt securities, without regard to their call date
unless the security has actually been called. When
fixed rate debt securities have been called, they
FR Y-9C
Schedule HC-H
March 2013
should be reported on the basis of the time remaining until the call date.
(10) Mortgage pass-through certificates (such as those
issued by the Government National Mortgage
Association (GNMA), the Federal Home Loan
Mortgage Corporation (FHLMC), certain banks
and savings and loan associations, and securities
dealers) and all Small Business Administration
(SBA) ‘‘Guaranteed Loan Pool Certificates.’’
(11) Fixed rate collateralized mortgage obligations
(CMOs) and similar instruments on the basis of the
time remaining until the stated final maturity of the
instrument, not the projected final maturity or
weighted average life of the instrument.
(12) Debt securities that provide the consolidated holding company with the option to redeem them at one
or more specified dates prior to their contractual
maturity date, so-called ‘‘put bonds,’’ on the basis
of earliest ‘‘put’’ date for bonds.
(13) Zero coupon debt securities, as fixed rate debt
securities.
Line Item 2 Interest-bearing deposit liabilities that
reprice within one year or mature within one year.
Report in this item all interest-bearing deposit liabilities
that have a time remaining to maturity of less than one
year and any other interest-bearing deposit liabilities that
have a repricing frequency of less than one year (regardless of the remaining maturity), without regard to scheduled contractual payments on deposits with multiple
maturities. The amount reported in this item should
be included in Schedule HC, item 13(a)(2), ‘‘Interestbearing deposits in domestic offices,’’ and item 13(b)(2),
‘‘Interest-bearing deposits in foreign offices, Edge and
agreement subsidiaries, and IBFs.’’
Do not report deposits in domestic offices classified as
demand or savings accounts (including money market
deposit accounts and all NOW accounts).
Note, however, holding companies choosing to continue
to report their multi-maturity deposits on the basis of
their scheduled contractual payments and their floating
rate deposits by earliest repricing opportunity should
report in this item the following:
(1) the dollar amount of floating or variable rate deposits
that can be repriced in less than one year even if few,
HC-H-3
Schedule HC-H
if any, of the contractual payments are scheduled to
be repaid within one year. If the deposits have
multiple maturities and have some contractual payments scheduled to be repaid within one year, but
cannot be repriced for one year or more, include the
dollar amount of the contractual payments to be
repaid within one year. (See general instructions for
this schedule.)
even if few, if any, of the contractual payments are
scheduled to be repaid within one year. If the multipayment debt has some contractual payments scheduled to be repaid within one year, but cannot be
repriced for one year or more, include the dollar
amount of the contractual payments to be repaid
within one year. (See general instructions for this
schedule.)
(2) the dollar amount of the scheduled contractual payments that are to be repaid in less than one year if the
deposits have fixed or predetermined rates. (See
general instructions for this schedule.)
(2) the dollar amount of the scheduled contractual payments that are to be repaid in less than one year if the
long-term debt has fixed or predetermined rates. (See
general instructions for this schedule.)
Line Item 3 Long-term debt with a remaining
maturity of more than one year but reprices
within one year included in items 16 and 19(a) on
Schedule HC, Balance Sheet.
Report debt issued by the consolidated holding company
that has a remaining maturity of more than one year but
that has a repricing frequency of less than a year.
Include as long-term debt the following:
(1) Other borrowed money with a remaining maturity of
more than one year reported in Schedule HC, item 16
(excluding mortgage indebtedness and obligations
under capitalized leases reported on Schedule HC,
item 16);
Exclude from this item commercial paper, demand notes
issued to the U.S. Treasury, and other borrowings that
had a remaining maturity of one year or less, mortgage
indebtedness and obligations under capitalized leases
with a remaining maturity of more than one year that is
reported in Schedule HC, item 16, and limited-life preferred stock reported in Schedule HC, item 19(a).
Line Item 4 Variable rate preferred stock
(includes both limited-life and perpetual preferred
stock).
Report the total amount outstanding of both limited-life
(reported in Schedule HC, item 19(a)), and perpetual
preferred stock that has a floating or adjustable rate (as
defined above).
(2) Mandatory convertible securities (included in Schedule HC, item 19(a)); and
(See the Glossary entry for ‘‘preferred stock,’’ for a
definition of limited-life or perpetual preferred stock.)
(3) Subordinated notes and debentures reported in Schedule HC, item 19(a) (excluding limited-life preferred
stock and related surplus reported in Schedule HC,
item 19(a)).
Line Item 5 Long-term debt reported in
Schedule HC, item 19(a) on the Balance Sheet that
is scheduled to mature within one year.
Note, however, holding companies choosing to continue
to report their long-term debt that can be repaid in more
than one payment on the basis of their scheduled contractual payments and their floating rate long-term debt by
earliest repricing opportunity should report the following
in this item:
(1) the dollar amount of floating or variable rate longterm debt that can be repriced in less than one year
HC-H-4
Report all debt issued by the consolidated holding company and reported in Schedule HC, item 19(a), ‘‘Subordinated notes and debentures,’’ that is scheduled to
mature within one year, regardless whether the debt has
fixed or floating rates.
Include in this item the amount of such debt issued by the
consolidated holding company that is redeemable at the
option of the holder within one year, even when the debt
is scheduled to mature in more than one year.
Schedule HC-H
FR Y-9C
March 2013
LINE ITEM INSTRUCTIONS FOR
Insurance-Related Underwriting
Activities (Including Reinsurance)
Schedule HC-I
General Instructions
Part I.
Schedule HC-I, Insurance-Related Underwriting Activities (Including Reinsurance), must be submitted by all
holding companies on a consolidated basis. Report all
items in this schedule in accordance with generally
accepted accounting principles (GAAP). Include all
insurance enterprises subject to ASC Topic 944, Financial Services - Insurance (formerly FAS 60, Accounting
and Reporting by Insurance Enterprises).
Item 1 is to be completed by holding companies with
$10,000,000 or more in reinsurance recoverables as of
the effective date each quarter.
The term ‘‘subsidiary,’’ as defined in Section 225.2 of
Federal Reserve Regulation Y, generally includes companies that are 25 percent or more owned or controlled by
another company. However, for purposes of reporting
‘‘Total Assets’’ in part I, item 2 and part II, item 3, only
include the consolidated assets of those insurance underwriting and reinsurance subsidiaries that are consolidated
for financial reporting purposes under GAAP and the net
investments in unconsolidated subsidiaries and associated companies that are accounted for under the equity
method of accounting. For purposes of reporting ‘‘Total
Equity’’ in part I, item 5 and part II, item 6, include the
equity of subsidiaries that are fully consolidated under
GAAP. In addition, ‘‘Net Income’’ in part I, item 6 and
Part II, item 7, should include the net income of subsidiaries that are consolidated under GAAP and the reporting
holding company’s proportionate share of the net income
of unconsolidated subsidiaries and associated companies
that are accounted for under the equity method of
accounting.
See the Glossary entries for additional information on the
following terms: (1) Contractholder, (2) Insurance Commissions, (3) Insurance Underwriting, (4) Policyholder,
(5) Insurance Premiums, (6) Reinsurance, (7) Reinsurance Recoverables, and (8) Separate Accounts.
Property and Casualty
Assets
Line Item 1 Reinsurance recoverables.
Report reinsurance recoverables from unaffiliated property casualty reinsurers only.
Line item 2 Total assets.
Report the amount of total consolidated assets that are
specific to property casualty insurance underwriting
activities of the holding company. Include in total assets
the assets of all legal entities that are considered to be an
integral part of the company’s property casualty insurance underwriting activities.
Liabilities
Line item 3 Claims and claims adjustment expense
reserves.
Report the liability for unpaid claims and claims adjustment expense reserves, which represents the estimated
ultimate cost of settling claims, net of estimated recoveries, and including all costs expected to be incurred in
connection with the settlement of unpaid claims. Such
costs are accrued when an insured event occurs.
Line item 4 Unearned premiums.
Report the reserve for unearned premiums. Unearned
premiums represent the policy premiums associated with
the unexpired portion of the term of coverage.
Line item 5 Total equity.
Report the total equity capital of property casualty underwriting subsidiaries that are consolidated under GAAP.
FR Y-9C
Schedule HC-I
September 2016
HC-I-1
Schedule HC-I
Line item 6 Net income.
Report the consolidated net income attributable to property casualty insurance underwriting related activities of
the holding company. Include the net income of all legal
entities that are considered to be an integral part of the
holding company’s property and casualty insurance
underwriting activities.
Part II.
Life and Health
Item 1 is to be completed by holding companies with
$10,000,000 or more in reinsurance recoverables as of
the effective date each quarter.
Assets
Line Item 1 Reinsurance recoverables.
Report reinsurance recoverables from unaffiliated life
and health reinsurers only.
Line item 2 Separate account assets.
Report all assets qualifying for separate account summary total presentation in the insurer’s balance sheet.
Include assets related to products in which the contractholder and not the insurer retains all or most of the
investment and/or interest rate risk.
Line item 3 Total assets.
Report the amount of total consolidated assets that are
specific to life and health insurance underwriting activities of the holding company. Include in total assets the
assets of all legal entities that are considered to be an
HC-I-2
integral part of the company’s life and health insurance
underwriting activities.
Liabilities
Line item 4 Policyholder benefits and
contractholder funds.
Report the liability for future policy benefits, which
represents the present value of future policy benefits to
be paid to or on behalf of policyholders and related
expenses less the present value of future net premiums.
Also include contractholder funds that represent receipts
from the issuance of universal life, corporate owned life
insurance, pension investment and certain deferred annuity contracts.
Line item 5 Separate account liabilities.
Report all liabilities qualifying for separate account
summary presentation in the insurer’s balance sheet.
Line item 6 Total equity.
Report the equity capital of life and health underwriting
subsidiaries that are consolidated under GAAP.
Line item 7 Net income.
Report the consolidated net income attributable to life
and health insurance underwriting related activities of the
holding company. Include the net income of all legal
entities that are considered to be an integral part of the
holding company’s life and health insurance underwriting activities.
Schedule HC-I
FR Y-9C
September 2016
LINE ITEM INSTRUCTIONS FOR
Quarterly Averages
Schedule HC-K
General Instructions
Report for the items on this schedule the average of the
balances as of the close of business for each day for the
calendar quarter or an average of the balances as of the
close of business on each Wednesday during the calendar
quarter. For days that the holding company (or any of its
consolidated subsidiaries or branches) is closed (e.g.,
Saturdays, Sundays, or holidays), use the amount outstanding from the previous business day. An office is
considered closed if there are no transactions posted to
the general ledger as of that date.
Insurance SLHCs that are completing Schedule HC-K
and do not calculate quarterly averages as prescribed by
these instructions may calculate the quarterly averages
utilizing an industry convention or may provide estimates
on a best efforts basis utilizing one of the two quarterly
average calculations prescribed in these instructions.
Disclose the method used to calculate quarterly averages
in the ‘‘Notes to the Balance Sheet - Other’’ section.
If the reporting holding company was the acquirer in a
business combination accounted for under the acquisition
method for which the acquisition date was during the
calendar quarter, the quarterly averages for the holding
company should include in the numerator:
• Dollar amounts for the reporting holding company for
each day (or each Wednesday) from the beginning of
the quarter until the acquisition date and
• Dollar amounts for the reporting holding company and
the acquired business for each day (or each Wednesday) from the acquisition date through the end of the
quarter
and should include in the denominator the number of
days (or Wednesdays) in the entire quarter.
If the reporting holding company was involved in a
transaction between entities under common control that
FR Y-9C
Schedule HC-K
March 2019
became effective during the calendar quarter and has
been accounted for at historical cost in a manner similar
to a pooling of interests, the quarterly averages for the
holding company should include dollar amounts for both
the reporting holding company and the business that was
combined in the transaction for each day (or each
Wednesday) from the beginning to the end of the quarter
in the numerator and the number of days (or Wednesdays) in the entire quarter in the denominator. For further
information on business combinations, pushdown
accounting, and transactions between entities under common control, see the Glossary entry for “business combinations.”
If the holding company began operating during the
calendar quarter, the quarterly averages for the holding
company should include only the dollar amounts for the
days (or Wednesdays) since the holding company began
operating in the numerator and the number of days (or
Wednesdays) since the holding company began operating
in the denominator.
Holding companies that have adopted FASB Accounting
Standards Update No. 2016-13, which governs the
accounting for credit losses, should not deduct allowances for credit losses, if any, from the related amortized
cost amounts when calculating quarterly averages for
items for Schedule HC-K, items 1 through 4. However,
such holding companies should deduct allowances for
credit losses from the related amortized cost amounts
when calculating the quarterly average for total consolidated assets for Schedule HC-K, item 5.
Assets
Line Item 1 Securities.
Line Item 1(a) U.S. Treasury securities and U.S.
Government agency obligations (excluding
mortgage-backed securities).
HC-K-1
Schedule HC-K
Report the quarterly average of the amortized cost of the
holding company’s held-to-maturity and available-forsale U.S. Treasury and Government agency obligations
(as defined for Schedule HC-B, items 1 and 2, columns A
and C).
Line Item 1(b) Mortgage-backed securities.
Report the quarterly average of the amortized cost of the
holding company’s held-to-maturity and available-forsale mortgage-backed securities (as defined for Schedule
HC-B, item 4, columns A and C).
Line Item 1(c) All other debt securities and equity
securities with readily determinable fair values not
held for trading purposes.
Report the quarterly average of the amortized cost of the
holding company’s held-to-maturity and available-forsale debt securities issued by states and political subdivisions in the U.S., asset-backed securities and structured
financial products, and other debt securities (as defined
for Schedule HC-B, items 3, 5, and 6, columns A and C)
plus the quarterly average of the fair value of the holding
company’s investments in mutual funds and other equity
securities with readily determinable fair values (as defined
for Schedule HC, item 2(c)).
Line Item 2 Federal funds sold and securities
purchased under agreements to resell.
Report the quarterly average for federal funds sold and
securities purchased under agreements to resell (as
defined in Schedule HC, item 3).
Line Item 3(a) Total loans and leases in domestic
offices.
Report the quarterly average for all loans and leases, held
for investment and held for sale, in domestic offices of
the reporting holding company (as defined for Schedule HC-C, items 1 through 11, column B).
Exclude “1-4 family residential construction loans” (in
domestic offices) (as defined for Schedule HC-C, item
1.a.(1), column B).
Line Item 3(a)(2) All other loans secured by real
estate.
Report the quarterly average for all construction, land
development, and other land loans; loans secured by
farmland; loans secured by multifamily (5 or more)
residential properties; and loans secured by nonfarm
nonresidential properties (in domestic offices) (as defined
for Schedule HC-C, items 1.a.(1), 1.a.(2), 1.b, 1.d, 1.e.(1),
and 1.e.(2), column B).
Exclude loans “Secured by 1-4 family residential properties” (in domestic offices) (as defined for Schedule HC-C,
items 1.c.(1), 1.c.(2)(a), and 1.c.(2)(b), column B).
Line Item 3(a)(3) Loans to finance agricultural
production and other loans to farmers.
Report the quarterly average for loans to finance agricultural production and other loans to farmers in domestic
offices (as defined for Schedule HC-C, item 3, column B).
Line Item 3(a)(4) Commercial and industrial
loans.
Report the quarterly average for commercial and industrial loans (in domestic offices) (as defined for Schedule HC-C, item 4, column B).
Line Item 3(a)(5) Loans to individuals for
household, family, and other personal expenditures.
Line Item 3(a)(5)(a)
Report the quarterly average for credit cards (in domestic
offices) (as defined for Schedule HC-C, item 6(a)).
Line Item 3(a)(5)(b)
Line Item 3(a)(1) Loans secured by 1-4 family
residential properties.
Report the quarterly average for loans secured by 1-4
family residential properties (in domestic offices) (as
defined for Schedule HC-C, item 1.c, column B).
HC-K-2
Credit cards.
Other.
Report the quarterly average for all other loans (in
domestic offices) to individuals for household, family,
and other personal expenditures other than credit cards
(as defined for Schedule HC-C, items 6(b), 6(c), and
6(d)).
Schedule HC-K
FR Y-9C
March 2021
Schedule HC-K
Line Item 3(b) Total loans and leases in foreign
offices, Edge and Agreement subsidiaries, and IBFs.
Report the quarterly average for total loans and leases
held for investment and held for sale (as defined for
Schedule HC-C, items 1 through 10, less item 11), held in
the reporting holding company’s foreign offices, Edge
and Agreement subsidiaries, and IBFs.
Line Item 4(a) Trading assets.
Note: Item 4(a) is to be completed by holding companies
with $5 billion or more in total assets that reported total
trading assets of $10 million or more in any of the four
preceding calendar quarters.
Report the quarterly average for the fully consolidated
holding company for trading assets (as defined for Schedule HC, item 5). Trading assets include derivatives with
positive fair values.
Line Item 4(b) Other earning assets.
Report the quarterly average for those other assets that
the holding company considers earning assets.
Line Item 5 Total consolidated assets.
Report the quarterly average for the holding company’s
total assets, as defined for “Total assets,” on Schedule
HC, item 12, except that this quarterly average should
reflect:
• All debt securities not held for trading at amortized
cost;
• Equity securities with readily determinable fair values
not held for trading at fair value; and
• Equity securities and other equity investments without
readily determinable fair values not held for trading as
defined for “Total assets,” report such securities and
investments at their balance sheet carrying values (i.e.,
fair value or, if elected, cost minus impairment, if any,
plus or minus changes resulting from observable price
changes in orderly transactions for the identical or a
similar investment of the same issuer).
This exception for equity securities and other equity
investments does not apply to those accounted for under
the equity method or that result in consolidation.
FR Y-9C
Schedule HC-K
March 2021
In addition, to the extent that net deferred tax assets
included in the holding company’s total assets, if any,
include the deferred tax effects of any unrealized holding
gains and losses on available-for-sale debt securities,
these deferred tax effects may be excluded from the
determination of the quarterly average for total
consolidated assets. If these deferred tax effects are
excluded, this treatment must be followed consistently
over time.
This item is not the sum of items 1 through 4(b).
Liabilities
Line Item 6 Interest-bearing deposits (domestic).
Report the quarterly average for all interest-bearing
deposits held in domestic offices of depository institutions that are consolidated subsidiaries of the holding
company or of its subsidiaries. Include all interestbearing demand, time and savings deposits in domestic
offices (as defined for Schedule HC-E, items 1(b) through
1(e) and items 2(b) through 2(e)).
Line Item 7 Interest-bearing deposits (foreign).
Report the quarterly average for interest- bearing deposits in foreign offices of depository institutions that are
consolidated subsidiaries of the reporting holding company, Edge and Agreement subsidiaries, and IBFs (as
defined for Schedule HC, item 13(b)(2), “Interestbearing”).
Line Item 8 Federal funds purchased and
securities sold under agreements to repurchase.
Report the quarterly average for federal funds purchased
and securities sold under agreements to repurchase (as
defined in Schedule HC, item 14).
Line Item 9 All other borrowed money.
Report the quarterly average for the fully consolidated
holding company’s other borrowed money (as defined for
Schedule HC, item 16).
Included are commercial paper and all other borrowed
money regardless of maturity.
Line Item 10 Not applicable.
HC-K-3
Schedule HC-K
Line Item 11 Total equity capital (excludes
limited-life preferred stock).
Report the quarterly average for the fully consolidated
holding company’s total equity capital (as defined for
HC-K-4
Schedule HC, item 27(a)). For purposes of this schedule,
include net unrealized losses on marketable equity securities, other net unrealized gains and losses on availablefor-sale securities, and accumulated net gains (losses) on
cash flow hedges when calculating average equity capital.
Schedule HC-K
FR Y-9C
March 2013
LINE ITEM INSTRUCTIONS FOR
Derivatives and Off-Balance-Sheet Items
Schedule HC-L
General Instructions
Report on a fully consolidated basis the following
selected commitments, contingencies, and other offbalance sheet items. Exclude from this schedule contingencies arising in connection with litigation. For those
asset-backed commercial paper program conduits that the
reporting holding company consolidates onto its balance
sheet (Schedule HC) in accordance with ASC Subtopic
810-10, Consolidation – Overall (formerly FASB Interpretation No. 46 (R), Consolidation of Variable Interest
Entities, as amended by FASB Statement No. 167,
Amendments to FASB Interpretation No. 46(R)), any
credit enhancements and liquidity facilities the holding
company provides to the programs should not be reported
in Schedule HC-L. In contrast, for conduits that the
reporting holding company does not consolidate, the
holding company should report the credit enhancements
and liquidity facilities it provides to the programs in the
appropriate items of Schedule HC-L.
Line Item 1 Unused commitments.
Report in the appropriate subitem the unused portions of
commitments. Unused commitments are to be reported
gross, i.e., include in the appropriate subitem the unused
amount of commitments acquired from and conveyed or
participated to others. However, exclude commitments
conveyed or participated to others that the holding company is not legally obligated to fund even if the party to
whom the commitment has been conveyed or participated fails to perform in accordance with the terms of the
commitment.
(2) Commitments for which the holding company has
charged a commitment fee or other consideration.
(3) Commitments that are legally binding.
(4) Loan proceeds that the holding company is obligated
to advance, such as:
(a) Loan draws;
(b) Construction progress payments; and
(c) Seasonal or living advances to farmers under
prearranged lines of credit.
(5) Rotating, revolving, and open-end credit arrangements, including, but not limited to, retail credit card
lines and home equity lines of credit.
(6) Commitments to issue a commitment at some point
in the future, where the holding company has extended
terms, the borrower has accepted the offered terms,
and the extension and acceptance of the terms:
(a) Are in writing, regardless of whether they are
legally binding on the holding company and the
borrower, or
(b) If not in writing, are legally binding on the
holding company and the borrower,1
even though the related loan agreement has not yet
been signed and even if the commitment to issue a
commitment is revocable, provided any revocation
has not yet taken effect as of the report date.
(7) Overdraft protection on depositors’ accounts offered
under a program where the holding company advises
account holders of the available amount of overdraft
For purposes of this item, commitments include:
(1) Commitments to make or purchase extensions of
credit in the form of loans or participations in loans,
lease financing receivables, or similar transactions.
FR Y-9C
Schedule HC-L March 2013
1. For example, either the extension or the acceptance of the terms or
both are verbal, but they are nonetheless legally binding on both parties
under applicable law.
HC-L-1
Schedule HC-L
protection, for example, when accounts are opened or
on depositors’ account statements or ATM receipts.
(8) The holding company’s own takedown in securities
underwriting transactions.
(9) Revolving underwriting facilities (RUFs), note issuance facilities (NIFs), and other similar arrangements, which are facilities under which a borrower
can issue on a revolving basis short-term paper in its
own name, but for which the underwriting holding
company has a legally binding commitment either to
purchase any notes the borrower is unable to sell by
the rollover date or to advance funds to the borrower.
Exclude forward contracts and other commitments that
meet the definition of a derivative and must be
accounted for in accordance with ASC Topic 815,
Derivatives and Hedging (formerly Statement No. 133,
Accounting for Derivative Instruments and Hedging
Activities, as amended), which should be reported in
Schedule HC-L, item 13. Include the amount (not the
fair value) of the unused portions of loan commitments
that do not meet the definition of a derivative that the
holding company has elected to report at fair value
under a fair value option. Also include forward
contracts that do not meet the definition of a
derivative.
The unused portions of commitments are to be reported
in the appropriate subitem regardless of whether they
contain ‘‘material adverse change’’ clauses or other provisions that are intended to relieve the issuer of its
funding obligations under certain conditions and regardless of whether they are unconditionally cancelable at
any time.
In the case of commitments for syndicated loans, report
only the holding company’s proportional share of the
commitment.
For purposes of reporting the unused portions of revolving asset-based lending commitments, the commitment is
defined as the amount a holding company is obligated to
fund — as of the report date — based on the contractually agreed upon terms. In the case of revolving assetbased lending, the unused portions of such commitments
should be measured as the difference between (a) the
lesser of the contractual borrowing base (i.e., eligible
collateral times the advance rate) or the note commitment
limit, and (b) the sum of outstanding loans and letters of
credit under the commitment. The note commitment limit
HC-L-2
is the overall maximum loan amount beyond which the
holding company will not advance funds regardless of
the amount of collateral posted. This definition of ‘‘commitment’’ is applicable only to revolving asset-based
lending, which is a specialized form of secured lending in
which a borrower uses current assets (e.g., accounts
receivable and inventory) as collateral for a loan. The
loan is structured so that the amount of credit is limited
by the value of the collateral.
Line Item 1(a) Revolving, open-end loans secured
by 1–4 family residential properties, e.g., home
equity lines.
Report the unused portion of commitments to extend
credit under revolving, open-end lines of credit secured
by 1 to 4 family residential properties. These lines,
commonly known as home equity lines, are typically
secured by a junior lien and are usually accessible by
check or credit card.
Line Item 1(b) Credit card lines.
Note: Items 1(b)(1) and 1(b)(2) are to be completed by
HCs with $5 billion or more in total assets semiannually
in the June and December reports only.
Report in the appropriate subitem the unused portions of
all commitments to extend credit both to individuals for
household, family, and other personal expenditures and
to other customers, including commercial and industrial
enterprises, through credit cards. Exclude home equity
lines accessible through credit cards. Holding companies
may report unused credit card lines as of the end of their
customers’ last monthly billing cycle prior to the report
date or as of the report date.
Line Item 1(b)(1) Unused consumer credit card
lines.
Report the unused portions of all commitments to extend
credit to individuals for household, family, and other
personal expenditures through credit cards.
Line Item 1(b)(2) Other unused credit card lines.
Report the unused portions of all commitments to extend
credit to customers through credit cards for purposes
other than household, family, and other personal expenditures. Include, for example, unused credit card lines
under ‘‘corporate’’ or ‘‘business’’ credit card programs
Schedule HC-L
FR Y-9C
December 2019
Schedule HC-L
under which credit cards are issued to one or more of a
company’s employees for business-related uses.
Line Item 1(c)(1)(b) Commercial real estate, other
construction loan, and land development loan
commitments.
Line Item 1(c)(1) Commitments to fund
commercial real estate, construction, and land
development loans secured by real estate.
Report the unused portions of all other commitments to
fund commercial real estate, construction, and land development loans secured by real estate (as defined for
Schedule HC-L, item 1(c)(1)) other than commitments to
fund 1–4 family residential construction (as defined for
Schedule HC-L, item 1(c)(1)(a)).
Report in the appropriate subitem the unused portion of
commitments to extend credit for the specific purpose of
financing commercial and multifamily residential properties (e.g., business and industrial properties, hotels,
motels, churches, hospitals, and apartment buildings),
provided that such commitments, when funded, would be
reportable as either loans secured by multifamily residential properties in Schedule HC-C, item 1(d), or loans
secured by nonfarm nonresidential properties in Schedule
HC-C, item 1(e).
Also include the unused portions of commitments to
extend credit for the specific purpose of (a) financing
land development (i.e., the process of improving land—
laying sewers, water pipes, etc.) preparatory to erecting
new structures or (b) the on-site construction of industrial, commercial, residential, or farm buildings, provided
that such commitments, when funded, would be reportable as loans secured by real estate in Schedule HC-C,
item 1(a). For this item, ‘‘construction’’ includes not only
construction of new structures, but also additions or
alterations to existing structures and the demolition of
existing structures to make way for new structures. Also,
include in this item loan proceeds the holding company is
obligated to advance as construction progress payments.
Do not include general lines of credit that a borrower, at
its option, may draw down to finance construction and
land development. (Report this in item 1(c)(2) or 1(e)
below, as appropriate).
Line Item 1(c)(2) Commitments to fund
commercial real estate, construction, and land
development loans NOT secured by real estate.
Report in this item the unused portions of all commitments to extend credit for the specific purpose of financing commercial and residential real estate activities, e.g.,
acquiring, developing and renovating commercial and
residential real estate provided that such commitments,
when funded, would be reportable as ‘‘Commercial and
industrial loans’’ in Schedule HC-C, item 4, or as ‘‘All
other loans’’ in Schedule HC-C, item 9(b)(2). Include in
this item loan proceeds that the holding company or its
consolidated subsidiaries are obligated to advance as
construction progresses.
Such commitments generally may include:
(1) commitments to extend credit for the express purpose
of financing real estate ventures as evidenced by
underlying commitment documentation or other circumstances connected with the commitment; or
(2) commitments made to organizations or individuals
80 percent of whose revenue or assets are derived
from or consist of real estate ventures or holdings.
The sum of items 1(c)(1)(a) and 1(c)(1)(b), below, must
equal Schedule HC-L, item 1(c)(1).
Exclude any commitments that when funded would be
reported in Schedule HC-C, item 1. Also exclude commitments made to commercial and industrial firms where
the sole purpose for the financing is to construct a factory
or office building to house the company’s operations or
employees.
Line Item 1(c)(1)(a) 1–4 family residential
construction loan commitments.
Line Item 1(d) Securities underwriting.
Report the unused portions of commitments to extend
credit for the specific purpose of constructing 1–4 family
residential properties, provided that such commitments,
when funded, would be reportable as loans secured by
real estate in Schedule HC-C, item 1(a)(1), ‘‘1–4 family
residential construction loans.”
FR Y-9C
Schedule HC-L
December 2019
Note: Item 1(d) is to be reported by holding companies
with $5 billion or more in total assets.
Report the unsold portion of the reporting holding company’s own takedown in securities underwriting transactions. Include note issuance facilities (NIFs) and revolving underwriting facilities (RUFs) in this item.
HC-L-3
Schedule HC-L
Line Item 1(e) Other unused commitments.
Report in the appropriate subitem the unused portion of
all commercial and industrial loan commitments, commitments for loans to financial institutions, and all other
commitments not reportable in Schedule HC-L, items
1(a) through 1(d), above. Include commitments to extend
credit through overdraft facilities or commercial lines of
credit, retail check credit and related plans, and those
overdraft protection programs in which the holding company advises account holders of the available amount of
protection.
Line Item 1(e)(1) Commercial and industrial
loans.
Report the unused portions of commitments to extend
credit for commercial and industrial purposes, i.e., commitments that, when funded, would be reportable as
commercial and industrial loans in Schedule HC-C, item
4, “Commercial and industrial loans.” Exclude unused
credit card lines to commercial and industrial enterprises
(report in Schedule HC-L, item 1(b)(2), above).
Line Item 1(e)(2) Loans to financial institutions.
Report the unused portions of commitments to extend
credit to financial institutions, i.e., commitments that,
when funded, would be reportable either as loans to
depository institutions in Schedule HC-C, item 2, ‘‘Loans
to depository institutions and acceptances of other banks,’’
or as loans to nondepository financial institutions in
Schedule HC-C, item 9(a), ‘‘Loans to nondepository
financial institutions.’’
Line Item 1(e)(3) All other unused commitments.
Report the unused portions of commitments not reportable in Schedule HC-L, items 1(a) through 1(e)(2),
above.
Include commitments to extend credit secured by 1–4
family residential properties, except (a) revolving, openend lines of credit secured by 1-4 family residential
properties (e.g., home equity lines), which should be
reported in Schedule HC-L, item 1(a), above, (b) commitments for 1–4 family residential construction and land
development loans (that are secured by such properties),
which should be reported in Schedule HC-L, item 1(c)(1),
above, and (c) commitments that meet the definition of a
derivative and must be accounted for in accordance with
ASC Topic 815, Derivatives and Hedging (formerly
HC-L-4
FASB Statement No. 133, Accounting for Derivative
Instruments and Hedging Activities, as amended), which
should be reported in Schedule HC-L, item 11.
Line Items 2 and 3 General Instructions for
Standby Letters of Credit.
Originating holding companies (or their subsidiaries)
must report in items 2 and 3 the full amount outstanding
and unused of financial and performance standby letters
of credit, respectively. Include those standby letters of
credit that are collateralized by cash on deposit, that have
been acquired from others, and in which participations
have been conveyed to others where (a) the originating
and issuing holding company is obligated to pay the full
amount of any draft drawn under the terms of the standby
letter of credit and (b) the participating institutions have
an obligation to partially or wholly reimburse the originating holding company, either directly in cash or through
a participation in a loan to the account party.
For syndicated standby letters of credit where each
holding company has a direct obligation to the beneficiary, each institution must report only its share in the
syndication. Similarly, if several organizations participate in the issuance of a standby letter of credit under a
bona fide binding agreement that provides that (a) regardless of any event, each participant shall be liable only up
to a certain percentage or to a certain amount and (b) the
beneficiary is advised and has agreed that each participating organization is only liable for a certain portion of the
entire amount, each holding company shall report only its
proportional share of the total standby letter of credit.
For a financial or performance standby letter of credit
that is in turn backed by a financial standby letter of
credit issued by another institution, each holding company must report the entire amount of the standby letter
of credit it has issued in either item 2 or 3 below, as
appropriate. The amount of the reporting holding company’s financial or performance standby letter of credit
that is backed by the other institution’s financial standby
letter of credit must be included in either item 2(a) or 3(a)
as appropriate, since the backing of standby letters of
credit has substantially the same effect as the conveying
of participations in standby letters of credit.
Also, include all financial and performance guarantees
issued by foreign offices of the reporting holding company pursuant to Section 211.4(a)(1) of Federal Reserve
Schedule HC-L
FR Y-9C
September 2021
Schedule HC-L
Regulation K or Section 347.3(c)(1) of the FDIC Rules
and Regulations.
Line Item 2 Financial standby letters of credit and
foreign office guarantees.
Report the amount outstanding and unused as of the
report date of all financial standby letters of credit (and
all legally binding commitments to issue financial standby
letters of credit) issued by any office of the holding
company or its consolidated subsidiaries. A financial
standby letter of credit irrevocably obligates the holding
company to pay a third-party beneficiary when a customer (account party) fails to repay an outstanding loan
or debt instrument. (See the Glossary entry for ‘‘letter of
credit’’ for further information).
company has conveyed to others. Also, include that
portion of the reporting holding company’s financial
standby letters of credit that are backed by other organizations’ financial standby letters of credit, as well as the
portion that participating holding companies have reparticipated to others. Participations and backings may be
for any part or all of a given obligation.
Report that portion of the consolidated holding company’s total contingent liability for financial standby
letters of credit reported in item 2 that the holding
Line Item 3 Performance standby letters of credit
and foreign office guarantees.
Report the amount outstanding and unused as of the
report date of all performance standby letters of credit
(and all legally binding commitments to issue performance standby letters of credit) issued by any office of
the holding company or its consolidated subsidiaries. A
performance standby letter of credit irrevocably obligates
the holding company to pay a third-party beneficiary
when a customer (account party) fails to perform some
contractual non-financial obligation. (See the Glossary
entry for ‘‘letter of credit’’ for further information).
Exclude from performance standby letters of credit the
following:
(1) Performance standby letters of credit where the beneficiary is a consolidated subsidiary of the holding
company.
(2) Financial standby letters of credit.
(3) Signature or endorsement guarantees of the type
associated with the clearing of negotiable instruments or securities in the normal course of business.
Line Item 3(a) Amount of performance standby
letters of credit conveyed to others.
Note: Item 3(a) is to be completed by holding companies
with $5 billion or more in total assets.
Report that portion of the consolidated holding company’s total contingent liability for performance standby
letters of credit reported in item 3 that the holding
company has conveyed to others. Also, include that
portion of the reporting holding company’s performance
standby letters of credit that are backed by other organizations’ financial standby letters of credit, as well as the
portion that participating holding companies have reparticipated to others. Participations and backings may be
for any part or all of a given obligation.
2. This asset size test is determined based on the total assets reported in
the previous year’s June 30 FR Y-9C report. Once a holding company
surpasses the $1 billion total asset threshold, it must continue to report this
item regardless of subsequent changes in its total assets.
Line Item 4 Commercial and similar letters of
credit.
Report the amount outstanding and unused as of the
report date of issued or confirmed commercial letters
Exclude from financial standby letters of credit the
following:
(1) Financial standby letters of credit where the beneficiary is a consolidated subsidiary of the holding
company.
(2) Financial standby letters of credit issued by another
depository institution (such as a correspondent bank),
a Federal Home Loan Bank, or any other entity on
behalf of the reporting holding company, which is the
account party on the letters of credit and therefore is
obligated to reimburse the issuing entity for all
payments made under the standby letters of credit
(report such standby letters of credit in Schedule HC-L, item 9).
(3) Performance standby letters of credit.
(4) Signature or endorsement guarantees of the type
associated with the clearing of negotiable instruments or securities in the normal course of business.
Line Item 2(a) Amount of financial standby letters
of credit conveyed to others.
Note: Item 2(a) is to be completed by holding companies
with $5 billion or more in total assets. 2
FR Y-9C
Schedule HC-L
September 2020
HC-L-5
Schedule HC-L
of credit, travelers’ letters of credit not issued for money
or its equivalent, and all similar letters of credit, but
excluding standby letters of credit (which are to be
reported in item 2 and 3 above). (See the Glossary entry
for ‘‘letter of credit.’’) Legally binding commitments to
issue commercial letters of credit are to be reported in
this item.
Travelers’ letters of credit or other letters of credit issued
for money or its equivalent by the reporting holding
company or its agents should be reported as demand
deposit liabilities in Schedule HC-E.
Line Item 5 Not applicable.
Line Item 6 Securities.
6(a) Securities lent. Report the appropriate amount of
all securities lent against collateral or on an uncollateralized basis. Report the book value of holding companyowned securities that have been lent. In addition, for
customers who have been indemnified against any losses
by the reporting holding company or its consolidated
subsidiaries, report the market value as of the report date
of such customers’ securities, including customers’ securities held in the reporting holding company’s trust
department, that have been lent. If the reporting holding
company or its consolidated subsidiaries have indemnified their customers against any losses on their securities
that have been lent by the company or its subsidiaries, the
commitment to indemnify-either through a standby letter
of credit or other means-should not be reported in any
other item on Schedule HC-L.
6(b) Securities borrowed. Report the appropriate
amount of all securities borrowed against collateral, or on
an uncollateralized basis. Report borrowed securities that
are fully collateralized by similar securities of equivalent
value at market value at the time they were borrowed. For
other borrowed securities report their market value as of
the report date.
Line Item 7
All notional amounts to be reported in items 7.a.(1)
through 7.a.(4), 7.c.(1)(a) through 7.c.(2)(c), and 7.d.(1)
(a) through 7.d.(2)(b) should be based on the notional
amount definition in U.S. generally accepted accounting
principles.
Exclude notional amounts for credit derivatives that have
matured, but have associated unsettled receivables or
payables that are reported as assets or liabilities, respectively, on the balance sheet as of the quarter-end report
date.
All credit derivative transactions within the consolidated
holding company should be reported on a net basis, i.e.,
intrabank transactions should not be reported in this item.
No other netting of contracts is permitted for purposes of
this item. Therefore, do not net the notional amounts or
fair values of: (1) credit derivatives with third parties on
which the reporting holding company is the protection
purchaser against credit derivatives with third parties on
which the reporting holding company is the protection
seller, or (2) contracts subject to bilateral netting agreements. The notional amounts of credit derivatives should
not be included in Schedule HC-L, items 11 through 13,
and the fair values of credit derivatives should not be
included in Schedule HC-L, item 14.
Credit derivatives.
Note: Items 7(a)(1) through 7(d)(2)(b) are to be reported
by holding companies with $5 billion or more in total
assets.
In general, credit derivatives are arrangements that allow
one party (the “protection purchaser” or “beneficiary”) to
transfer the credit risk of a “reference asset” or “reference
entity” to another party (the “protection seller” or “guarantor”). Report the notional amounts of credit derivatives
HC-L-6
by type of instrument in Schedule HC-L, items 7(a)(1)
through 7(a)(4). Report the gross positive and negative
fair values of all credit derivatives in Schedule HC-L,
items 7(b)(1) and 7(b)(2). For both the notional amounts
and gross fair values, report credit derivatives for which
the holding company is the protection seller in column A,
“Sold Protection,” and those on which the holding company is the protection purchaser in column B, “Purchased
Protection.” Report the notional amounts of credit derivatives by regulatory capital treatment in Schedule HC-L,
items 7(c)(1)(a) through 7(c)(2)(c). Report the notional
amounts of credit derivatives by remaining maturity in
Schedule HC-L, items 7(d)(1)(a) through 7(d)(2)(b).
Line Item 7(a)
Notional amounts.
Report in the appropriate subitem and column the
notional amount (stated in U.S. dollars) of all credit
derivatives. For tranched credit derivative transactions
that relate to an index, e.g., the Dow Jones CDX NA
index, report as the notional amount the dollar amount of
the tranche upon which the reporting holding company’s
credit derivative cash flows are based.
Schedule HC-L
FR Y-9C
March 2020
Schedule HC-L
Line Item 7(a)(1)
Credit default swaps.
Report in the appropriate column the notional amount of
all credit default swaps. A credit default swap is a
contract in which a protection seller or guarantor (risk
taker), for a fee, agrees to reimburse a protection purchaser or beneficiary (risk hedger) for any losses that
occur due to a credit event on a particular entity, called
the ‘‘reference entity.’’ If there is no credit default event
(as defined by the derivative contract), then the protection seller makes no payments to the protection purchaser
and receives only the contractually specified fee. Under
standard industry definitions, a credit event is normally
defined to include bankruptcy, failure to pay, and restructuring. Other potential credit events include obligation
acceleration, obligation default, and repudiation/
moratorium.
Line Item 7(a)(2)
Total return swaps.
Report in the appropriate column the notional amount of
all total return swaps. A total return swap transfers the
total economic performance of a reference asset, which
includes all associated cash flows, as well as capital
appreciation or depreciation. The protection purchaser
(beneficiary) receives a floating rate of interest and any
depreciation on the reference asset from the protection
seller. The protection seller (guarantor) has the opposite
profile. The protection seller receives cash flows on the
reference asset, plus any appreciation, and it pays any
depreciation to the protection purchaser, plus a floating
interest rate. A total return swap may terminate upon a
default of the reference asset.
Line Item 7(a)(3) Credit options.
Report in the appropriate column the notional amount of
all credit options. A credit option is a structure that
allows investors to trade or hedge changes in the credit
quality of the reference asset. For example, in a credit
spread option, the option writer (protection seller or
guarantor) assumes the obligation to purchase or sell the
reference asset at a specified ‘‘strike’’ spread level. The
option purchaser (protection purchaser or beneficiary)
buys the right to sell the reference asset to, or purchase it
from, the option writer at the strike spread level.
default swap, a total return swap, or a credit option.
Credit linked notes are cash securities and should not be
reported as other credit derivatives.
Line Item 7(b)
Gross fair values.
Report in the appropriate subitem and column the gross
fair values of all credit derivatives. As defined in ASC
Topic 820, Fair Value Measurements and Disclosures
(formerly FASB Statement No. 157, Fair Value Measurements), fair value for an asset or liability is the price that
would be received to sell the asset or paid to transfer the
liability in an orderly transaction between market participants (not a forced liquidation or distressed sale) in the
asset’s or liability’s principal (or most advantageous)
market at the measurement date. For further information,
see the Glossary entry for ‘‘fair value.’’ For purposes of
this item, the reporting holding company should determine the fair value of its credit derivative contracts in the
same manner that it determines the fair value of these
contracts for other financial reporting purposes.
Line Item 7(b)(1) Gross positive fair value.
Report in the appropriate column the total fair value of
those credit derivatives reported in Schedule HC-L, items
7(a)(1) through 7(a)(4), above, with positive fair values.
Line Item 7(b)(2) Gross negative fair value.
Report in the appropriate column the total fair value of
those credit derivatives reported in Schedule HC-L, items
7(a)(1) through 7(a)(4), above, with negative fair values.
Report the total fair value as an absolute value; do not
enclose the total fair value in parentheses or use a minus
(-) sign.
Line Item 7(c) Notional amount of all credit
derivatives by regulatory capital treatment.
Line Item 7(a)(4) Other credit derivatives.
Report in the appropriate subitem the notional amount of
all credit derivative contracts according to the reporting
holding company’s treatment of the derivative for regulatory capital purposes. Because each subitem under item
7(c) is mutually exclusive, each credit derivative contract
should be reported in only one subitem.
Report in the appropriate column the notional amount of
all other credit derivatives. Other credit derivatives consist of any credit derivatives not reportable as a credit
Savings and loan holding companies that are not subject
to the revised regulatory capital rule should leave this
item blank.
FR Y-9C
Schedule HC-L
March 2015
HC-L-7
Schedule HC-L
Line Item 7(c)(1) Positions covered under the
Market Risk Rule.
For holding companies subject to the Market Risk Rule,
report in the appropriate subitem the notional amount of
covered positions.
Line Item 7(c)(1)(a)
Sold protection.
For those credit derivatives that are covered positions
under the Market Risk Rule, report the notional amount
of credit derivative contracts where the holding company
is the protection seller (guarantor).
Line Item 7(c)(1)(b) Purchased protection.
For those credit derivatives that are covered positions
under the Market Risk Rule, report the notional amount
of credit derivative contracts where the holding company
is the protection purchaser (beneficiary).
Line Item 7(c)(2) All other positions:
Line Item 7(c)(2)(a) Sold protection.
Report the notional amount of credit derivative contracts
that are not covered positions under the Market Risk Rule
where the reporting holding company is the protection
seller (guarantor).
Line Item 7(c)(2)(b) Purchased protection that is
recognized as a guarantee for regulatory capital
purposes.
Report the notional amount of credit derivative contracts
that are not covered positions under the Market Risk Rule
where the holding company is the protection purchaser
(beneficiary) and the protection is recognized as a guarantee for regulatory capital purposes. The credit derivative contracts to be reported in this item are limited to
those providing purchased protection where an underlying position (usually an asset of the holding company)
is being hedged by the protection and credit derivative
contract meets the criteria for recognition as a guarantee
under the Federal Reserve’s regulatory capital standards.
Line Item 7(c)(2)(c) Purchased protection that is
not recognized as a guarantee for regulatory capital
purposes.
Report the notional amount of credit derivative contracts
that are not covered positions under the Market Risk Rule
where the holding company is the protection purchaser
HC-L-8
(beneficiary) and the protection is not recognized as a
guarantee for regulatory capital purposes. The credit
derivative contracts to be reported in this item are limited
to those providing purchased protection where the protection is not being used to hedge an underlying position or
where the ‘‘hedging’’ credit derivative contract does not
meet the criteria for recognition as a guarantee under the
Federal Reserve’s regulatory capital standards. These
‘‘naked’’ purchased protection positions sometimes arise
when a holding company has sold the asset that was
being hedged by the credit derivative contract while
retaining the credit derivative contract.
Line Item 7(d) Notional amounts by remaining
maturity.
Report in the appropriate subitem and column the
notional amount of all credit derivative contracts by
remaining maturity. Report notional amounts in the column corresponding to the contract’s remaining term to
maturity from the report date. Remaining maturities are
to be reported as (1) one year or less in column A, (2)
over one year through five years in column B, or (3) over
five years in column C.
Line Item 7(d)(1) Sold credit protection.
Report the notional amount of all credit derivative contracts where the holding company is the protection seller
(guarantor).
Line Item 7(d)(1)(a)
Investment grade.
Report the remaining maturities of credit derivative
contracts where the underlying reference asset is rated
investment grade or, if not rated, is the equivalent of
investment grade under the holding company’s internal
credit rating system.
Line Item 7(d)(1)(b)
Subinvestment grade.
Report the remaining maturities of credit derivative
contracts where the underlying reference asset is rated
below investment grade, i.e., subinvestment grade, or, if
not rated, is the equivalent of below investment grade
under the holding company’s internal credit rating system.
Line Item 7(d)(2) Purchased credit protection.
Report the notional amount of all credit derivative contracts where the holding company is the protection
purchaser (beneficiary).
Schedule HC-L
FR Y-9C
March 2015
Schedule HC-L
Line Item 7(d)(2)(a)
Investment grade.
Report the remaining maturities of credit derivative
contracts where the underlying reference asset is rated
investment grade or, if not rated, is the equivalent of
investment grade under the holding company’s internal
credit rating system
Line Item 7(d)(2)(b)
Subinvestment grade.
Report the remaining maturities of credit derivative
contracts where the underlying reference asset is rated
below investment grade, i.e., subinvestment grade, or, if
not rated, is the equivalent of below investment grade
under the holding company’s internal credit rating system.
Note: Line item 8 is to be reported by all holding
companies with foreign offices and by holding companies
with domestic offices only and $100 billion or more in
consolidated assets.
Line Item 8 Spot foreign exchange contracts.
Report the gross amount (stated in U.S. dollars) of all
spot contracts committing the reporting holding company
to purchase foreign (non-U.S.) currencies and U.S. dollar
exchange that are outstanding as of the report date. All
transactions within the holding company should be
reported on a consolidated basis.
A spot contract is an agreement for the immediate
delivery, usually within two business days or less (depending on market convention), of a foreign currency at the
prevailing cash market rate. Contracts where market
convention is for delivery of a foreign currency in less
than two days, e.g., T+1 day (for example, Canadian
dollar-U.S. dollar contracts), should be reported as spot
contracts. Any contract exceeding the market convention
should be reported as a foreign exchange forward contract in Schedule HC-L, item 11(b), column B. Spot
contracts are considered outstanding (i.e., open) until
they have been cancelled by acquisition or delivery of the
underlying currencies.
Only one side of a spot foreign exchange contract is to be
reported. In those transactions where foreign (non-U.S.)
currencies are bought or sold against U.S. dollars, report
only that side of the transaction that involves the foreign
(non-U.S.) currency. For example, if the reporting holding company enters into a spot contract which obligates
the holding company to purchase U.S. dollar exchange
against which it sells Japanese yen, then the holding
FR Y-9C
Schedule HC-L
June 2018
company would report (in U.S. dollar equivalent values)
the amount of Japanese yen sold in this item. In crosscurrency spot foreign exchange transactions, which
involve the purchase and sale of two non-U.S. currencies,
only the purchase side is to be reported (in U.S. dollar
equivalent values).
Line Item 9 All other off-balance-sheet items
(exclude derivatives).
With the exceptions listed below, report all significant
types of off-balance-sheet items not covered in other
items of this schedule. Exclude off-balance-sheet derivative contracts that are reported elsewhere in Schedule HC-L.
Report only the aggregate amount of those types of
‘‘other off-balance sheet items’’ that individually exceed
10 percent of the total equity capital reported in Schedule
HC, item 27(a). If the holding company has no types of
‘‘other off-balance sheet items’’ that individually exceed
10 percent of total equity capital, report a zero.
Disclose in items 9(a) through 9(f) each type of ‘‘other
off-balance sheet items’’ reportable in this item, and the
dollar amount of the off-balance sheet item, that individually exceeds 25 percent of the total equity capital reported
in Schedule HC, item 27(a). For each type of off-balance
sheet item that exceeds this disclosure threshold for
which a preprinted caption has not been provided,
describe the item with a clear but concise caption in
items 9(c) through 9(f). These descriptions should not
exceed 50 characters in length (including spacing between
words).
Include the following as other off-balance-sheet items:
(1) Contracts for the purchase and sale of when-issued
securities that are excluded from the requirements of
ASC Topic 815, Derivatives and Hedging (formerly
FASB Statement No. 133, Accounting for Derivative
Instruments and Hedging Activities, as amended)
(and therefore not reported as forward contracts in
Schedule HC-L, item 11(b), below), and accounted
for on a settlement-date basis. (Report the amount of
these commitments in Schedule HC-L, item 9(b) or
item 9(c), if this amount exceeds 25 percent of total
equity capital reported in Schedule HC, item 27(a).
(2) Standby letters of credit issued by another depository
institution (such as a correspondent bank), a Federal
Home Loan Bank, or any other entity on behalf of the
HC-L-9
Schedule HC-L
reporting bank holding company which is the account
party on the letters of credit and therefore is obligated
to reimburse the issuing entity for all payments made
under the standby letters of credit. (Report the
amount of these standby letters of credit in Schedule
HC-L, item 9(c), if this amount exceeds 25 percent of
the holding company’s total equity capital reported in
Schedule HC item 27(a).
(3) Financial guarantee insurance that insures the timely
payment of principal and interest on bond issues.
(4) Letters of indemnity other than those issued in
connection with the replacement of lost or stolen
official checks.
(5) Shipside or dockside guarantees or similar guarantees relating to missing bills of lading or title documents and other document guarantees that facilitate
the replacement of lost or destroyed documents and
negotiable instruments.
(6) For holding companies with domestic offices only
and less than $100 billion in consolidated assets, the
gross amount (stated in U.S. dollars) of all spot
foreign exchange contracts committing the reporting
holding company to purchase foreign (non-U.S.)
currencies and U.S. dollar exchange that are outstanding as of the report date. A spot contract is an
agreement for the immediate delivery, usually within
two business days or less (depending on market
convention), of a foreign currency at the prevailing
cash market rate. For information on the reporting of
spot foreign exchange contracts, refer to the instructions for Schedule HC-L, item 8, above.
Exclude the following from other off-balance-sheet items:
(1) All items that are required to be reported on the
balance sheet of the Consolidated Financial Statements for Holding Companies, such as repurchase
and resale agreements.
(2) Commitments to purchase property being acquired
for lease to others (report in item 1 above).
(3) Contingent liabilities arising in connection with litigation in which the reporting holding company is
involved.
(4) Signature or endorsement guarantees of the type
associated with the regular clearing of negotiable
HC-L-10
instruments or securities in the normal course of
business.
Line Item 10 Not applicable.
Line Item 11 Gross amounts (e.g., notional
amounts) of derivatives contracts.
Report in the appropriate column and subitem the gross
par value (stated in U.S. dollars) (e.g., futures, forwards,
and option contracts) or the notional amount (stated in
U.S. dollars) (e.g., forward rate agreements and swaps),
as appropriate, of all contracts that meet the definition of
a derivative and must be accounted for in accordance
with ASC Topic 815, Derivatives and Hedging (formerly
FASB Statement No. 133, Accounting for Derivative
Instruments and Hedging Activities, as amended). Include
both freestanding derivative contracts and embedded
derivatives that must be accounted for separately from
their host contract under ASC Topic 815. Report each
contract according to its underlying risk exposure: interest rate, foreign exchange, equity, and commodity and
other. Contracts with multiple risk characteristics should
be classified based upon the predominant risk characteristics at the origination of the derivative. However,
exclude from Schedule HC-L, items 11 through 14, all
credit derivatives, which should be reported in Schedule
HC-L, item 7 above.
Also exclude notional amounts or par values for the
derivatives that have matured, but have associated
unsettled receivables or payables that are reported as
assets or liabilities respectively, on the balance sheet as of
the quarter as of the quarter-end report date. All notional
amounts or par values to be reported in Schedule HC-L,
items 12 through 15 should be based on the notional
amount definition in U.S. generally accepted accounting
principles.
The notional amount or par value to be reported for a
derivative contract with a multiplier component is the
contract’s effective notional amount or par value. For
example, a swap contract with a stated notional amount
of $1,000,000 whose terms called for quarterly settlement of the difference between 5% and LIBOR multiplied by 10 has an effective notional amount of
$10,000,000.
All transactions within the holding company should be
reported on a consolidated basis (i.e., intercompany
transactions should be eliminated). No other netting of
Schedule HC-L
FR Y-9C
March 2020
Schedule HC-L
contracts is permitted for purposes of this item. Therefore, do not net: (1) obligations of the reporting holding
company to purchase from third parties against the
holding company’s obligations to sell to third parties,
(2) written options against purchased options, or (3) contracts subject to bilateral netting agreements.
For each column, the sum of Schedule HC-L, items 11(a)
through 11(e) must equal the sum of Schedule HC-L,
items 12 and 13.
Column Instructions
Column A Interest Rate Contracts
Interest rate contracts are contracts related to an interestbearing financial instrument or whose cash flows are
determined by referencing interest rates or another interest rate contract (e.g., an option on a futures contract to
purchase a Treasury bill). These contracts are generally
used to adjust the holding company’s interest rate exposure or, if the holding company is an intermediary, the
interest rate exposure of others. Interest rate contracts
include single currency interest rate swaps, basis swaps,
forward rate agreements, and interest rate options, including caps, floors, collars, and corridors.
Exclude contracts involving the exchange of one or more
foreign currencies (e.g., cross-currency swaps and currency options), which are to be reported in column B as
foreign exchange contracts. In addition, exclude other
contracts not involving the exchange of foreign currency
whose predominant risk characteristic is foreign exchange
risk, which are also to be reported in column B as foreign
exchange contracts.
Unsettled securities transactions that exceed regular way
settlement time limit that is customary in each relevant
market must be reported as forward contracts in Schedule
HC-L, item 11(b).
Column B Foreign Exchange Contracts
Foreign exchange contracts are contracts to purchase
foreign (non-U.S.) currencies and U.S. dollar exchange in
the forward market, i.e., on an organized exchange or
in an over-the-counter market. A purchase of U.S. dollar
exchange is equivalent to a sale of foreign currency.
Foreign exchange contracts include cross-currency interest rate swaps where there is an exchange of principal,
forward foreign exchange contracts (usually settling three
or more business days from trade date), and currency
FR Y-9C
Schedule HC-L
June 2018
futures and currency options. Exclude spot foreign
exchange contracts which are to be reported in Schedule HC-L, item 8.
Only one side of a foreign currency transaction is to be
reported. In those transactions where foreign (non-U.S.)
currencies are bought or sold against U.S. dollars, report
only that side of the transaction that involves the foreign
(non-U.S.) currency. For example, if the reporting holding company enters into a futures contract which obligates the holding company to purchase U.S. dollar
exchange against which it sells Japanese yen, then the
holding company would report (in U.S. dollar equivalent
values) the amount of Japanese yen sold in Schedule
HC-L, item 11(a). In cross-currency transactions, which involve the purchase and sale of two
non-U.S. currencies, only the purchase side is to be
reported.
All amounts in column B are to be reported in U.S. dollar
equivalent values.
Column C Equity Derivative Contracts
Equity derivative contracts are contracts that have a
return, or a portion of their return, linked to the price of a
particular equity or to an index of equity prices, such as
the Standard and Poor’s 500.
The contract amount to be reported for equity derivative
contracts is the quantity, e.g., number of units, of the
equity instrument or equity index contracted for purchase
or sale multiplied by the contract price of a unit.
Column D Commodity and Other Contracts
Commodity contracts are contracts that have a return, or
a portion of their return, linked to the price of or to an
index of precious metals, petroleum, lumber, agricultural
products, etc. Commodity and other contracts also include
any other contracts that are not reportable as interest rate,
foreign exchange, or equity derivative contracts.
The contract amount to be reported for commodity and
other contracts is the quantity, e.g., number of units, of
the commodity or product contracted for purchase or sale
multiplied by the contract price of a unit.
The notional amount to be reported for commodity
contracts with multiple exchanges of principal is the
contractual amount multiplied by the number of remaining payments (i.e., exchanges of principal) in the contract.
HC-L-11
Schedule HC-L
Line Item Instructions
Items 11(a) through 15(b)(8)) are to be completed by
HCs with $5 billion or more in total assets.
Line Item 11(a) Futures contracts.
Futures contracts represent agreements for delayed delivery of financial instruments or commodities in which the
buyer agrees to purchase and the seller agrees to deliver,
at a specified future date, a specified instrument at a
specified price or yield. Futures contracts are standardized and are traded on organized exchanges that act as the
counterparty to each contract.
Report, in the appropriate column, the aggregate par
value of futures contracts that have been entered into by
the reporting holding company and are outstanding (i.e.,
open contracts) as of the report date. Do not report the par
value of financial instruments intended to be delivered
under such contracts if this par value differs from the par
value of the contracts themselves.
Contracts are outstanding (i.e., open) until they have
been cancelled by acquisition or delivery of the underlying financial instruments or by offset. Offset is the
liquidating of a purchase of futures through the sale of an
equal number of contracts of the same delivery month
on the same underlying instrument, or the covering of a
short sale of futures through the purchase of an equal
number of contracts of the same delivery month on the
same underlying instrument on the same exchange.
Column A, Interest Rate Futures. Report futures
contracts committing the reporting holding company to
purchase or sell financial instruments and whose predominant risk characteristic is interest rate risk. Some of
the more common interest rate futures include futures on
90-day U.S. Treasury bills; 12-year GNMA pass-through
securities; and 2-, 4-, 6-, and 10-year U.S. Treasury notes.
Column B, Foreign Exchange Futures. Report the
gross amount (stated in U.S. dollars) of all futures
contracts committing the reporting holding company to
purchase foreign (non-U.S.) currencies and U.S. dollar
exchange and whose predominant risk characteristic is
foreign exchange risk.
A currency futures contract is a standardized agreement
for delayed delivery of a foreign (non-U.S.) currency or
U.S. dollar exchange in which the buyer agrees to
HC-L-12
purchase and the seller agrees to deliver, at a specified
future date, a specified amount at a specified exchange
rate.
Column C, Equity Derivative Futures. Report futures
contracts committing the reporting holding company to
purchase or sell equity securities or instruments based on
equity indexes such as the Standard and Poor’s 500, or
the Nikkei.
Column D, Commodity and Other Futures. Report
the contract amount for all futures contracts committing
the reporting holding company to purchase or sell commodities such as agricultural products (e.g., wheat, coffee), precious metals (e.g., gold, platinum), and nonferrous metals (e.g., copper, zinc). Include any other futures
contract that is not reportable as an interest rate, foreign
exchange, or equity derivative contract in column A, B,
or C.
Line Item 11(b) Forward contracts.
Forward contracts represent agreements for delayed
delivery of financial instruments or commodities in which
the buyer agrees to purchase and the seller agrees to
deliver, at a specified future date, a specified instrument
or commodity at a specified price or yield. Forward
contracts are not traded on organized exchanges and their
contractual terms are not standardized.
Report the notional value of forward contracts that
have been entered into by the reporting holding company
and are outstanding (i.e., open contracts) as of the report
date. Do not report financial instruments intended to be
delivered under such contracts if this notional value
differs from the notional value of the contracts themselves.
Contracts are outstanding (i.e., open) until they have
been cancelled by acquisition or delivery of the underlying financial instruments or settled in cash. Such contracts can only be terminated, other than by receipt of the
underlying asset, by agreement of both buyer and seller.
Include as forward contracts in this item contracts for the
purchase and sale of when-issued securities that are not
excluded from the requirements of ASC Topic 815,
Derivatives and Hedging (formerly FASB Statement
No. 133, Accounting for Derivative Instruments and
Hedging Activities, as amended). Report contracts for the
purchase and sale of when-issued securities that are
excluded from the requirements of ASC Topic 815, as
amended, and accounted for on a settlement-date basis as
Schedule HC-L
FR Y-9C
March 2015
Schedule HC-L
‘‘Other off-balance-sheet items’’ in Schedule HC-L, item
9, subject to the existing reporting threshold for this item.
Column A, Interest Rate Forwards. Report forward
contracts committing the reporting holding company to
purchase or sell financial instruments and whose predominant risk characteristic is interest rate risk. Include
in this item firm commitments (i.e., commitments that
have a specific interest rate, selling date, and dollar
amount) to sell loans secured by 1-to-4 family residential
properties that meet the definition of a derivative contract
under ASC Topic 815.
future date. The seller of the contract has, for such
compensation, become obligated to purchase or sell the
financial instrument or commodity at the option of the
buyer of the contract. A put option contract obligates
the seller of the contract to purchase some financial
instrument or commodity at the option of the buyer of the
contract. A call option contract obligates the seller of the
contract to sell some financial instrument or commodity
at the option of the buyer of the contract.
Line Item 11(c)(1) Written options.
Column B, Foreign Exchange Forwards. Report the
gross amount (stated in U.S. dollars) of all forward
contracts committing the reporting holding company to
purchase foreign (non-U.S.) currencies and U.S. dollar
exchange and whose predominant risk characteristic is
foreign exchange risk.
Report in this item the aggregate par value of the
financial instruments or commodities that the reporting
holding company has, for compensation (such as a fee or
premium), obligated itself to either purchase or sell under
exchange-traded option contracts that are outstanding as
of the report date.
A forward foreign exchange contract is an agreement for
delayed delivery of a foreign (non-U.S.) currency or U.S.
dollar exchange in which the buyer agrees to purchase
and the seller agrees to deliver, at a specified future date,
a specified amount at a specified exchange rate.
Column A, Written Exchange-Traded Interest Rate
Options. For exchange-traded option contracts obligating the reporting holding company to either purchase or
sell an interest rate futures contract and whose predominant risk characteristic is interest rate risk, report the par
value of the financial instrument underlying the futures
contract. An example of such a contract is a Chicago
Board Options Exchange option on the 13-week Treasury
bill rate.
Column C, Equity Derivative Forwards. Report forward contracts committing the reporting holding company to purchase or sell equity instruments.
Column D, Commodity and Other Forwards. Report
the contract amount for all forward contracts committing
the reporting holding company to purchase or sell commodities such as agricultural products (e.g., wheat, coffee), precious metals (e.g., gold, platinum), and nonferrous metals (e.g., copper, zinc). Include any other forward
contract that is not reportable as an interest rate, foreign
exchange, or equity derivative contract in column A, B,
or C.
Line Item 11(c) Exchange-traded option contracts.
Option contracts convey either the right or the obligation,
depending upon whether the reporting holding company
is the purchaser or the writer, respectively, to buy or sell a
financial instrument or commodity at a specified price by
a specified future date. Some options are traded on
organized exchanges.
The buyer of an option contract has, for compensation
(such as a fee or premium), acquired the right (or option)
to sell to, or purchase from, another party some financial
instrument or commodity at a stated price on a specified
FR Y-9C
Schedule HC-L
March 2015
Column B, Written Exchange-Traded Foreign
Exchange Options. Report in this item the gross
amount (stated in U.S. dollars) of foreign (non-U.S.)
currency and U.S. dollar exchange that the reporting
holding company has, for compensation, obligated itself
to either purchase or sell under exchange-traded option
contracts whose predominant risk characteristic is foreign exchange risk. In the case of option contracts
obligating the reporting holding company to either purchase or sell a foreign exchange futures contract, report
the gross amount (stated in U.S. dollars) of the foreign
(non-U.S.) currency underlying the futures contract.
Exchange-traded options on major currencies such as the
Japanese Yen and British Pound Sterling and options on
futures contracts of major currencies are examples of
such contracts.
Column C, Written Exchange-Traded Equity Derivative Options. Report the contract amount for those
exchange-traded option contracts where the reporting
holding company has obligated itself, for compensation,
to purchase or sell an equity instrument or equity index.
HC-L-13
Schedule HC-L
Column D, Written Commodity and Other ExchangeTraded Options. Report the contract amount for those
exchange-traded option contracts where the reporting
holding company has obligated itself, for compensation,
to purchase or sell a commodity or product. Include any
other written, exchange-traded option that is not reportable as an interest rate, foreign exchange, or equity
derivative contract in columns A, B, or C.
Line Item 11(c)(2) Purchased options.
Report in this item the aggregate par value of the
financial instruments or commodities that the reporting
holding company has, for a fee or premium, purchased
the right to either purchase or sell under exchange-traded
option contracts that are outstanding as of the report date.
Column A, Purchased Exchange-Traded Interest Rate
Options. For exchange-traded option contracts giving
the reporting holding company the right to either purchase or sell an interest rate futures contract and whose
predominant risk characteristic is interest rate risk, report
the par value of the financial instrument underlying the
futures contract. An example of such a contract is a
Chicago Board Options Exchange option on the 13-week
Treasury bill rate.
Column B, Purchased Exchange-Traded Foreign
Exchange Options. Report in this item the gross
amount (stated in U.S. dollars) of foreign (non-U.S.)
currency and U.S. dollar exchange that the reporting
holding company has, for a fee, purchased the right to
either purchase or sell under exchange-traded option
contracts whose predominant risk characteristic is foreign exchange risk. In the case of option contracts giving
the reporting holding company the right to either purchase or sell a currency futures contract, report the gross
amount (stated in U.S. dollars) of the foreign (non-U.S.)
currency underlying the futures contract. Exchangetraded options on major currencies such as the Japanese
Yen and British Pound Sterling and options on futures
contracts of major currencies are examples of such
contracts.
Column C, Purchased Exchange-Traded Equity
Derivative Options. Report the contract amount of
those exchange-traded option contracts where the reporting holding company has, for a fee, purchased the right to
purchase or sell an equity instrument or equity index.
Column D, Purchased Commodity and Other
Exchange-Traded Options. Report the contract amount
HC-L-14
for those exchange-traded option contracts where the
reporting holding company has, for a fee, or premium,
purchased the right to purchase or sell a commodity or
product. Include any other purchased, exchange-traded
option that is not reportable as an interest rate, foreign
exchange, or equity derivative contract in column A, B,
or C.
Line Item 11(d) Over-the-counter option contracts.
Option contracts convey either the right or the obligation,
depending upon whether the reporting holding company
is the purchaser or the writer, respectively, to buy or sell a
financial instrument or commodity at a specified price by
a specified future date. Options can be written to meet the
specialized needs of the counterparties to the transaction.
These customized option contracts are known as overthe-counter (OTC) options. Thus, over-the-counter option
contracts include all option contracts not traded on an
organized exchange.
The buyer of an option contract has, for compensation
(such as a fee or premium), acquired the right (or option)
to sell to, or purchase from, another party some financial
instrument or commodity at a stated price on a specified
future date. The seller of the contract has, for such
compensation, become obligated to purchase or sell the
financial instrument or commodity at the option of the
buyer of the contract. A put option contract obligates the
seller of the contract to purchase some financial instrument or commodity at the option of the buyer of the
contract. A call option contract obligates the seller of the
contract to sell some financial instrument or commodity
at the option of the buyer of the contract.
In addition, swaptions, i.e., options to enter into a swapcontract, and contracts known as caps, floors, collars, and
corridors 3 should be reported as options.
Commitments to lend that meet the definition of a
derivative and must be accounted for in accordance with
ASC Topic 815, Derivatives and Hedging (formerly
3. A cap is a contract under which the purchaser has, for compensation
(such as a fee or premium), acquired the right to receive a payment from
the seller if a specified index rate, e.g., LIBOR, rises above a designated
strike rate. Payments are based on the principal amount or notional amount
of the cap, although no exchange of principal takes place. A floor is similar
to a cap except that the purchaser has, for compensation (such as a fee or
premium), acquired the right to receive a payment from the seller if the
specified index rate falls below the strike rate. A collar is the simultaneous
purchase of a cap (with a strike rate at one index rate) and sale of a floor
(with a strike rate at a lower index rate), designed to maintain interest rates.
Schedule HC-L
FR Y-9C
March 2015
Schedule HC-L
FASB Statement No. 133, Accounting for Derivative
Instruments and Hedging Activities, as amended) are
considered options for purposes of Schedule HC-L, item
11. All other commitments to lend should be reported in
Schedule HC-L, item 1.
option that is not reportable as an interest rate, foreign
exchange, or equity derivative contract in column A, B,
or C.
Line Item 11(d)(1)
Report in this item the aggregate par value of the
financial instruments or commodities that the reporting
holding company has, for a fee or premium, purchased
the right to either purchase or sell under OTC option
contracts that are outstanding as of the report date. Also
report the aggregate notional amount for purchased caps,
floors, and swaptions and for the purchased portion of
collars and corridors.
Written options.
Report in this item the aggregate par value of the
financial instruments or commodities that the reporting
holding company has, for compensation (such as a fee
or premium), obligated itself to either purchase or sell
under OTC option contracts that are outstanding as of the
report date. Also report the aggregate notional amount of
written caps, floors, and swaptions and for the written
portion of collars and corridors.
Column A, Written OTC Interest Rate Options.
Interest rate options include options to purchase and sell
interest-bearing financial instruments and whose predominant risk characteristic is interest rate risk as well as
contracts known as caps, floors, collars, corridors, and
swaptions. Include in this item the notional amount for
interest rate caps and floors that the reporting holding
company sells. For interest rate collars and corridors,
report a notional amount for the written portion of the
contract in Schedule HC-L, item 11(d)(1), column A, and
for the purchased portion of the contract in Schedule HC-L, item 11(d)(2), column A.
Column B, Written OTC Foreign Exchange Options.
A written currency option contract conveys the obligation to exchange two different currencies at a specified
exchange rate. Report in this item the gross amount
(stated in U.S. dollars) of foreign (non-U.S.) currency and
U.S. dollar exchange that the reporting holding company
has, for compensation, obligated itself to either purchase
or sell under OTC option contracts whose predominant
risk characteristic is foreign exchange risk.
Column C, Written OTC Equity Derivative Options.
Report the contract amount for those OTC option contracts where the reporting holding company has obligated
itself, for compensation, to purchase or sell an equity
instrument or equity index.
Column D, Written Commodity and Other OTC
Options. Report the contract amount for those OTC
option contracts where the reporting holding company
has obligated itself, for compensation, to purchase or sell
a commodity or product. Include any other written, OTC
FR Y-9C
Schedule HC-L
March 2015
Line Item 11(d)(2) Purchased options.
Column A, Purchased OTC Interest Rate Options.
Interest rate options include options to purchase and sell
interest-bearing financial instruments and whose predominant risk characteristic is interest rate risk as well as
contracts known as caps, floors, collars, corridors, and
swaptions. Include in this item the notional amount for
interest rate caps and floors that the reporting holding
company purchases. For interest rate collars and corridors, report a notional amount for the written portion of
the contract in Schedule HC-L, item 11(d)(1), column A,
and for the purchased portion of the contract in Schedule
HC-L, item 11(d)(2), column A.
Column B, Purchased OTC Foreign Exchange
Options. Report in this item the gross amount (stated
in U.S. dollars) of foreign (non-U.S.) currency and U.S.
dollar exchange that the reporting holding company has,
for a fee or premium, purchased the right to either
purchase or sell under option contracts whose predominant risk characteristic is foreign exchange risk.
Column C, Purchased OTC Equity Derivative
Options. Report the notional amount of those OTC
option contracts where the reporting holding company
has, for a fee or premium, purchased the right to purchase
or sell an equity instrument or equity index.
Column D, Purchased Commodity and Other OTC
Options. Report the contract amount for those option
contracts where the reporting holding company has, for a
fee or premium, purchased the right to purchase or sell a
commodity or product. Include any other purchased
OTC option that is not reportable as an interest rate,
foreign exchange or equity derivative contract in column A, B, or C.
HC-L-15
Schedule HC-L
Line Item 11(e) Swaps.
Swaps are contracts in which two parties agree to
exchange payment streams based on a specified notional
amount for a specified period. Forward starting swap
contracts should be reported as swaps. The notional
amount of a swap is the underlying principal amount
upon which the exchange of interest, foreign exchange or
other income or expense is based. The notional amount
reported for a swap contract with a multiplier component
is the contract’s effective notional amount. In those cases
where the reporting holding company is acting as an
intermediary, both sides of the transaction are to be
reported.
Column A, Interest Rate Swaps. Report the notional
amount of all outstanding interest rate and basis swaps
whose predominant risk characteristic is interest rate risk.
Column B, Foreign Exchange Swaps. Report the
notional principal amount (stated in U.S. dollars) of all
outstanding cross-currency interest rate swaps.
A cross-currency interest rate swap is a contract in which
two parties agree to exchange principal amounts of
different currencies, usually at the prevailing spot rate, at
the inception of an agreement which lasts for a certain
number of years. At defined intervals over the life of the
swap, the counterparties exchange payments in the different currencies based on specified rates of interest. When
the agreement matures, the principal amounts will be
re-exchanged at the same spot rate. The notional amount
of a cross-currency interest rate swap is generally the
underlying principal amount upon which the exchange is
based.
Column C, Equity Swaps. Report the notional amount
of all outstanding equity or equity index swaps.
Column D, Commodity and Other Swaps. Report the
notional principal amount of all other swap contracts that
are not reportable as either interest rate, foreign exchange,
or equity derivative contracts in column A, B, or C. The
notional amount to be reported for commodity contracts
with multiple exchanges of principal is the contractual
amount multiplied by the number of remaining payments
(or exchanges of principal) in the contract.
Line Item 12 Total gross notional amount of
derivative contracts held for trading.
Report in the appropriate column, the total notional
amount or par value of those off-balance- sheet derivative
HC-L-16
contracts in Schedule HC-L, item 11 above that are held
for trading purposes. Contracts held for trading purposes
include those used in dealing and other trading activities
accounted for at fair value with gains and losses recognized in earnings. Derivative instruments used to hedge
trading activities should also be reported in this item.
Derivative trading activities include (a) regularly dealing
in interest rate contracts, foreign exchange contracts,
equity derivative contracts, and other contracts meeting
the definition of a “derivative instrument” in, and
accounted for in accordance with, ASC Topic 815,
Derivatives and Hedging, (b) acquiring or taking positions in such items principally for the purpose of selling
in the near term or otherwise with the intent to resell (or
repurchase) in order to profit from short-term price
movements, or (c) acquiring or taking positions in such
items as an accommodation to customers, provided that
acquiring or taking such positions meets the definitions
of “trading” and “trading purposes” in ASC Topic 815.
The notional amount of those derivative positions acquired
or taken as accommodations to customers not meeting
the definitions of “trading” and “trading purposes” in
ASC Topic 815 should be reported in Schedule HC-L,
item 13, “Total gross notional amount of derivative
contracts held for purposes other than trading.″
The trading department of a holding company or its
subsidiaries may have entered into a derivative contract
with another department or business unit within the
consolidated holding company (and which has been
reported on a consolidated basis in accordance with the
instructions to Schedule HC-L, item 11 above). If the
trading department has also entered into a matching
contract with a counterparty outside the consolidated
holding company, the contract with the outside counterparty should be designated as held for trading or as held
for purposes other than trading consistent with the contract’s designation for other financial reporting purposes.
Line Item 13 Total gross notional amount of
derivative contracts held for purposes other than
trading.
Report in the appropriate column, the total notional
amount or par value of those contracts in Schedule HC-L,
item 11 above that are held for purposes other than
trading, including those contracts acquired or taken as
accommodations to customers not reported in Schedule HC-L, item 12, above.
Schedule HC-L
FR Y-9C
September 2020
Schedule HC-L
Line Item 14 Gross fair values of derivative
contracts.
Report in the appropriate column and subitem below the
fair (or market) value of all derivative contracts reported
in Schedule HC-L, items 12 and 13 above. For each of
the four types of underlying risk exposure in columns A
through D, the gross positive and gross negative fair
values will be reported separately below for contracts
held for trading (item 14(a)), and contracts held for
purposes other than trading (item 14(b)). Guidance for
reporting by type of underlying risk exposure is provided
in Schedule HC-L, item 11 above. Guidance for reporting
by purpose and accounting methodology is provided
in the instructions for Schedule HC-L, items 12 and 13
above.
All transactions within the holding company should be
reported on a consolidated basis. For purposes of this
item, do not net (1) obligations of the reporting holding
company to buy against the holding company’s obligations to sell, (2) written options against purchased
options, (3) positive fair values against negative fair
values, or (4) contracts subject to bilateral netting agreements.
According to ASC Topic 820, Fair Value Measurements
and Disclosures fair value is defined as the price that
would be received to sell an asset or paid to transfer a
liability in an orderly transaction between market participants in the asset’s or liability’s principal (or most
advantageous) market at the measurement date. For
purposes of item 14, the reporting holding company
should determine the fair value of its derivative contracts
in the same manner that it determines the fair value of
these contracts for other financial reporting purposes,
consistent with the guidance in ASC Topic 820.
Line Item 14(a) Contracts held for trading.
Report in the appropriate column and subitem the gross
positive and gross negative fair values of those contracts
held for trading reported in Schedule HC-L, item 12
above.
Line Item 14(a)(1) Gross positive fair value.
Report in the appropriate column the total fair value of
those contracts in Schedule HC-L, item 12 above with
positive fair values.
FR Y-9C
Schedule HC-L
June 2020
Line Item 14(a)(2) Gross negative fair value.
Report in the appropriate column the total fair value of
those contracts in Schedule HC-L, item 12 above with
negative fair values. Report the total fair value as an
absolute value, do not enclose the total fair value in
parentheses or use a minus (2) sign.
Line Item 14(b) Contracts held for purposes other
than trading.
Report in the appropriate column and subitem the gross
positive and gross negative fair values of those contractsheld for purposes other than trading that are reported in
Schedule HC-L, item 13 above.
Line Item 14(b)(1) Gross positive fair value.
Report in the appropriate column the total fair value of
those contracts in Schedule HC-L, item 13 above with
positive fair values.
Line Item 14(b)(2) Gross negative fair value.
Report in the appropriate column the total fair value of
those contracts in Schedule HC-L, item 13 above with
negative fair values. Report the total fair value as an
absolute value, do not enclose the total fair value in
parentheses or use a minus (2) sign.
Line Item 15 Over-the-counter derivatives.
Items 15.a and 15.b.(1) through (8) are to be completed
only by holding companies with total assets of $10
billion or more. Include all over-the-counter (OTC) interest rate, foreign exchange, commodity, equity, and credit
derivative contracts that are held for trading and held for
purposes other than trading.
Column Instructions for items 15(a) and 15(b)(1)
through (8):
Column A, Banks and Securities Firms: Banks include
U.S. banks and foreign banks as defined in the Glossary
entry for ‘‘Banks, U.S. and Foreign.’’ Securities firms
include broker-dealers that are registered with the U.S.
Securities and Exchange Commission (SEC), firms
engaged in securities activities in the European Union
(EU) that are subject to the EU’s Capital Adequacy
Directive, and other firms engaged in securities activities.
Column B, Not applicable.
Column C, Hedge Funds: Hedge funds are generally
privately-owned investment funds with a limited range of
HC-L-17
Schedule HC-L
investors. Hedge funds are not required to register with
the SEC, which provides them with an exemption in
many jurisdictions from regulations governing short selling, derivative contracts, leverage, fee structures, and the
liquidity of investments in the fund.
reporting holding company’s possession and collateral
held on the holding company’s behalf by third party
custodians.
Column D, Sovereign Governments: Sovereign governments are the central governments of foreign countries.
Report in the appropriate counterparty column the total
of all cash denominated in U.S. dollars held on deposit in
the holding company or by third party custodians on
behalf of the holding company that provide protection to
the holding company against counterparty risk on OTC
derivatives.
Column E, Corporations and All Other Counterparties:
Corporations and all other counterparties include all
counterparties other than those included in columns A, C
and D above.
Line Item 15(a)
Net current credit exposure.
Report in the appropriate column the sum of the net
current credit exposures on OTC derivative contracts by
type of counterparty. The sum of the net current credit
exposures reported in columns A through E for this item
may not equal the amount reported in Schedule HC-R,
Part II Memorandum item 1, ‘‘Current credit exposure
across all derivative contracts covered by the risk-based
capital standards,’’ because the amount reported in
Schedule HC-R, Memorandum item 1, excludes, for
example, OTC derivatives not covered by the risk-based
capital standards. All transactions within the consolidated holding company should be reported on a net basis.
The current credit exposure (sometimes referred to as the
replacement cost) is the fair value of a derivative contract
when that fair value is positive. The current credit
exposure is zero when the fair value is negative or zero.
For purposes of this item, the net current credit exposure
to an individual counterparty should be derived as follows: Determine whether a legally enforceable bilateral
netting agreement is in place between the reporting
holding company and the counterparty. If such an agreement is in place, the fair values of all applicable derivative contracts with that counterparty that are included in
the scope of the netting agreement are netted to a single
amount, which may be positive, negative, or zero.
Line Item 15(b)
Fair value of collateral.
Report in the appropriate subitem and column the total
fair value of the collateral pledged by counterparties to
secure OTC derivative transactions by type of counterparty, even if the fair value of the collateral as of the
report date exceeds the net current credit exposure to a
counterparty or the current credit exposure to a counterparty is zero. Include the fair value of collateral in the
HC-L-18
Line Item 15(b)(1)
Line Item 15(b)(2)
Cash – U.S. dollar.
Cash – Other currencies.
Report in the appropriate counterparty column in U.S.
dollar equivalents the total of all cash denominated in
non-U.S. currency held on deposit in the holding company or by third party custodians on behalf of the holding
company that provide protection to the holding company
against counterparty risk on OTC derivatives.
Line Item 15(b)(3)
U.S. Treasury securities.
Report in the appropriate counterparty column the fair
value of U.S. Treasury securities held directly by the
holding company or by third-party custodians on behalf
of the holding company that provide protection to the
holding company against counterparty risk on OTC
derivatives.
Line Item 15(b)(4) U.S. Government agency and
U.S. Government-sponsored agency debt securities.
Report in the appropriate counterparty column the fair
value of U.S. Government agency and U.S. Governmentsponsored agency debt securities held directly by the
holding company or by third party custodians on behalf
of the holding company that provide protection to the
holding company against counterparty risk on OTC
derivatives.
Line Item 15(b)(5)
Corporate bonds.
Report in the appropriate counterparty column the fair
value of corporate bonds held directly by the holding
company or by third party custodians on behalf of the
holding company that provide protection to the holding
company against counterparty risk on OTC derivatives.
Line Item 15(b)(6)
Equity securities.
Report in the appropriate counterparty column the fair
value of equity securities held directly by the holding
Schedule HC-L
FR Y-9C
June 2018
Schedule HC-L
company or by third-party custodians on behalf of the
holding company that provide protection to the holding
company against counterparty risk on OTC derivatives.
Line Item 15(b)(7)
All other collateral.
Report in the appropriate counterparty column the fair
value of collateral that cannot properly be reported in
Schedule HC-L, item 15(b)(1) through item 15(b)(7),
FR Y-9C
Schedule HC-L
held directly by the holding company or by third-party
custodians on behalf of the holding company that provide
protection to the holding company against counterparty
risk on OTC derivatives.
March 2015
Line Item 15(b)(8)
Total fair value of collateral.
For each column, report the sum of items 15(b)(1)
through 15(b)(7).
HC-L-19
LINE ITEM INSTRUCTIONS FOR
Memoranda
Schedule HC-M
Line Item 1 Total number of holding company
common shares outstanding.
Report in this item the total number of common stock
outstanding by the consolidated holding company as of
the report date. Do not round this number. Total
outstanding shares equals total shares issued less treasury
stock.
Line Item 2 Debt maturing in one year or less that
is issued to unrelated third parties by bank
subsidiaries.
Report in this item all debt maturing in one year or less
included in Schedule HC, items 16 and 19(a) that is
issued to unrelated third parties by any direct or indirect
bank subsidiary of the reporting holding company.
Include in this item the amount of such debt that is
redeemable at the option of the holder within one year,
even when the debt is scheduled to mature in more than
one year.
‘‘Unrelated third parties’’ covers all individuals and those
partnerships and corporations that are not majorityowned or controlled, directly or indirectly, by the respondent holding company or any of its subsidiaries.
Include Federal Home Loan Bank Advances in this line
item.
Line Item 3 Debt maturing in more than one year
that is issued to unrelated third parties by bank
subsidiaries.
Report in this item all debt maturing in more than one
year included in Schedule HC, items 16 and 19(a) that is
issued to unrelated third parties by any direct or indirect
bank subsidiary of the reporting holding company.
Exclude from this item the amount of such debt that is
redeemable at the option of the holder within one year,
even when the debt is scheduled to mature in more than
one year.
FR Y-9C
Schedule HC-M June 2018
‘‘Unrelated third parties’’ covers all individuals and those
partnerships and corporations that are not majorityowned or controlled, directly or indirectly, by the respondent holding company or any of its subsidiaries.
Include Federal Home Loan Bank Advances in this line
item.
Line Item 4 Other assets acquired in satisfaction
of debts previously contracted.
Report in this item all assets (other than other real estate
owned) that have been acquired in satisfaction of debts
previously contracted (DPC). Include assets, such as
securities, loans, and equipment, that have been acquired
in satisfaction of DPC.
Line Item 5 Securities purchased under
agreements to resell offset against securities sold
under agreements to repurchase on Schedule HC.
Report in this item the amount of securities purchased
under agreements to resell that have been offset (where
the ‘‘right of setoff’’ exists) by securities sold under
agreements to repurchase (i.e., assets removed from
Schedule HC). For further information, see the Glossary
entry for ‘‘offsetting’’ and ASC Subtopic 210-20, Balance Sheet – Offsetting (formerly FASB Interpretation
No. 41, Offsetting of Amounts Related to Certain Repurchase and Reverse Repurchase Agreements).
Line Item 6 Assets covered by loss-sharing
agreements with the FDIC.
Under a loss-sharing agreement, the FDIC agrees to
absorb a portion of the losses on a specified pool of a
failed insured depository institution’s assets in order to
maximize asset recoveries and minimize the FDIC’s
losses. In general, for transactions that occurred before
April 2010, the FDIC reimburses 80 percent of losses
incurred by an acquiring institution on covered assets
over a specified period of time up to a stated threshold
HC-M-1
Schedule HC-M
amount, with the acquirer absorbing 20 percent of the
losses on these assets. Any losses above the stated
threshold amount are reimbursed by the FDIC at 95
percent of the losses recognized by the acquirer. For more
recent transactions, the FDIC generally reimburses 80
percent of the losses incurred by the acquirer on covered
assets, with the acquiring institution absorbing 20 percent.
Report in the appropriate subitem the balance sheet
carrying amount as of the report date of all assets
acquired from failed insured depository institutions or
otherwise purchased from the FDIC that are covered by
loss-sharing agreements with the FDIC. These asset
amounts should also be included in the balance sheet
category appropriate to the asset on Schedule HC, Balance Sheet.
Line Item 6(a)(1)(a)(2) Other construction loans
and all land development and other land loans.
Report the amount of other construction loans and all
land development and other land loans included in
Schedule HC-C, item 1(a)(2), column B, acquired from
failed insured depository institutions or otherwise purchased from the FDIC that are covered by loss-sharing
agreements with the FDIC.
Line Item 6(a)(1)(b)
Secured by farmland.
Report the amount of loans secured by farmland included
in Schedule HC-C, item 1(b), column B, acquired from
failed insured depository institutions or otherwise purchased from the FDIC that are covered by loss-sharing
agreements with the FDIC.
Do not report the ‘‘book value’’ of the covered assets on
the failed institution’s books, which is the amount upon
which payments from the FDIC to the reporting holding
company are to be based in accordance with the losssharing agreement.
Line Item 6(a)(1)(c) Secured by 1-4 family
residential properties:
Items 6(a)(1) through 6(d) are to be completed by HCs
with $5 billion or more in total assets.
Report the amount of revolving, open-end loans secured
by 1-4 family residential properties and extended under
lines of credit loans included in Schedule HC-C, item
1(c)(1), column B, acquired from failed insured depository institutions or otherwise purchased from the FDIC
that are covered by loss-sharing agreements with the
FDIC.
Line Item 6(a) Loans and leases.
Report in the appropriate subitem the carrying amount of
loans and leases held for sale and the recorded investment in loans held for investment included in Schedule
HC-C, items 1 through 10 acquired from failed insured
depository institutions or otherwise purchased from the
FDIC that are covered by loss-sharing agreements with
the FDIC.
Line Item 6(a)(1) Loans secured by real estate (in
domestic offices):
Line Item 6(a)(1)(a) Construction, land
development, and other land loans:
Line Item 6(a)(1)(a)(1)
construction loans.
1-4 family residential
Report the amount of 1-4 family residential construction
loans included in Schedule HC-C, item 1(a)(1), column
B, acquired from failed insured depository institutions or
otherwise purchased from the FDIC that are covered by
loss-sharing agreements with the FDIC.
HC-M-2
Line Item 6(a)(1)(c)(1) Revolving, open-end loans
secured by 1-4 family residential properties and
extended under lines of credit.
Line Item 6(a)(1)(c)(2) Closed-end loans secured
by 1-4 family residential properties:
Line Item 6(a)(1)(c)(2)(a)) Secured by first liens.
Report the amount of closed-end loans secured by first
liens on 1-4 family residential properties included in
Schedule HC-C, item 1(c)(2)(a), column B, acquired
from failed insured depository institutions or otherwise
purchased from the FDIC that are covered by losssharing agreements with the FDIC.
Line Item 6(a)(1)(c)(2)(b)
Secured by junior liens.
Report the amount of closed-end loans secured by junior
liens on 1-4 family residential properties included in
Schedule HC-C, item 1(c)(2)(b), column B, acquired
from failed insured depository institutions or otherwise
purchased from the FDIC that are covered by losssharing agreements with the FDIC.
Schedule HC-M
FR Y-9C
December 2019
Schedule HC-M
Line Item 6(a)(1)(d) Secured by multifamily (5 or
more) residential properties.
(3) Commercial and industrial loans included in HC-C,
items 4(a) and 4(b), column A;
Report the amount of loans secured by multifamily (5 or
more) residential properties included in Schedule HC-C,
item 1(d), column B, acquired from failed insured depository institutions or otherwise purchased from the FDIC
that are covered by loss-sharing agreements with the
FDIC.
(4) Loans to individuals for household, family, and other
personal expenditures included in Schedule HC-C,
item 6(a) through 6(d) column A;
Line Item 6(a)(1)(e) Secured by nonfarm
nonresidential properties:
Line Item 6(a)(1)(e)(1) Loans secured by
owner-occupied nonfarm nonresidential properties.
Report the amount of loans secured by owner-occupied
nonfarm nonresidential properties included in Schedule
HC-C, item 1(e)(1), column B, acquired from failed
insured depository institutions or otherwise purchased
from the FDIC that are covered by loss-sharing agreements with the FDIC.
Line Item 6(a)(1)(e)(2) Loans secured by other
nonfarm nonresidential properties.
Report the amount of loans secured by other nonfarm
nonresidential properties included in Schedule HC-C,
item 1(e)(2), column B, acquired from failed insured
depository institutions or otherwise purchased from the
FDIC that are covered by loss-sharing agreements with
the FDIC.
Line Item 6(a)(2) through 6(a)(4) Not applicable.
Line Item 6(a)(5) All other loans and all leases.
Report the amount of loans that cannot properly be
reported in Schedule HC-C, Memorandum item 6(a)(1)
through 6(a)(1)(e)(2) above acquired from failed insured
depository institutions or otherwise purchased from the
FDIC that are covered by loss-sharing agreements with
the FDIC. Include in this item covered loans in the
following categories:
(1) Loans to depository institutions and acceptances of
other banks included in Schedule HC-C, items 2(a)(1)
through 2(c)(2), column A;
(2) Loans to finance agricultural production and other
loans to farmers included in Schedule HC-C, item 3
column A;
FR Y-9C
Schedule HC-M
March 2018
(5) Loans to foreign governments and official institutions included in Schedule HC-C, item 7, column A;
(6) Obligations (other than securities and leases) of
states and political subdivisions in the U.S. included
in Schedule HC-C, item 8, column A;
(7) Loans to nondepository financial institutions and
other loans included in Schedule HC-C, item 9,
column A; and
(8) Loans secured by real estate in foreign offices
included in Schedule HC-C, item 1, column A.
Also include all lease financing receivables included in
Schedule HC-C, items 10(a) and 10(b), column A,
acquired from failed insured depository institutions or
otherwise purchased from the FDIC that are covered by
loss-sharing agreements with the FDIC.
Line Item 6(b) Other real estate owned.
Report in the appropriate subitem the carrying amount of
other real estate owned (included in Schedule HC, item 7)
acquired from failed insured depository institutions or
otherwise purchased from the FDIC that are covered by
loss-sharing agreements with the FDIC.
Line Item 6(b)(1) Construction, land development,
and other land (in domestic offices).
Report the carrying amount of all other real estate owned
included in Schedule HC, item 7, representing construction, land development, and other land (in domestic
offices), acquired from failed insured depository institutions or otherwise purchased from the FDIC that are
covered by loss-sharing agreements with the FDIC.
Line Item 6(b)(2) Farmland (in domestic offices).
Report the carrying amount of all other real estate owned
included in Schedule HC, item 7, representing farmland
(in domestic offices), acquired from failed insured depository institutions or otherwise purchased from the FDIC
that are covered by loss-sharing agreements with the
FDIC.
HC-M-3
Schedule HC-M
Line Item 6(b)(3) 1-4 family residential properties
(in domestic offices).
Report the carrying amount of all other real estate owned
included in Schedule HC, item 7, representing 1-4 family
residential properties (in domestic offices), acquired from
failed insured depository institutions or otherwise purchased from the FDIC that are covered by loss-sharing
agreements with the FDIC.
Line Item 6(b)(4) Multifamily (5 or more)
residential properties (in domestic offices).
Report the carrying amount of all other real estate owned
included in Schedule HC, item 7, representing multifamily (5 or more) residential properties (in domestic offices),
acquired from failed insured depository institutions or
otherwise purchased from the FDIC that are covered by
loss-sharing agreements with the FDIC.
Line Item 6(b)(5) Nonfarm nonresidential
properties (in domestic offices).
Report the carrying amount of all other real estate owned
included in Schedule HC, item 7, representing nonfarm
nonresidential properties (in domestic offices), acquired
from failed insured depository institutions or otherwise
purchased from the FDIC that are covered by losssharing agreements with the FDIC.
Line Item 6(b)(6)
Line Item 6(c) Debt securities.
Report the amortized cost of held-to-maturity debt securities (included in Schedule HC, items 2(a)) and the fair
value of available-for-sale debt securities (included in
Schedule HC, item 2(b)) acquired from failed insured
depository institutions or otherwise purchased from the
FDIC and covered by loss-sharing agreements with the
FDIC.
In foreign offices.
Report the carrying amount of all other real estate owned
included in Schedule HC, item, representing amounts in
foreign offices, acquired from failed insured depository
institutions or otherwise purchased from the FDIC that
are covered by loss-sharing agreements with the FDIC.
Line Item 6(b)(7) Portion of covered other real
estate owned included in items 6(b)(1) through (6)
above that is protected by FDIC loss-sharing
agreements.
Report the maximum amount recoverable from the FDIC
under loss-sharing agreements covering the other real
estate owned reported in Schedule HC-M, items 6(b)(1)
through (6), beyond the amount that has already been
reflected in the measurement of the reporting holding
company’s indemnification asset, which represents the
right to receive payments from the FDIC under the
loss-sharing agreement.
HC-M-4
In general, the maximum amount recoverable from the
FDIC on covered other real estate owned is the carrying
amount of the other real estate, as reported in the
preceding Schedule HC-M items, multiplied by the currently applicable loss coverage rate (e.g., 80 percent or 95
percent). This product will normally be the maximum
amount recoverable because reimbursements from the
FDIC for covered losses related to the amount by which
the ‘‘book value’’ of a covered asset on the failed
institution’s books (which is the amount upon which
payments under an FDIC loss-sharing agreement are
based) exceeds the amount at which the reporting bank
reports the covered asset on Schedule HC, Balance Sheet,
should already have been taken into account in measuring the carrying amount of the reporting bank’s losssharing indemnification asset, which is reported in Schedule HC-F, item 6, ‘‘Other’’ assets.
Line Item 6(d) Other assets.
Report the balance sheet carrying amount of all assets
that cannot properly be reported in Schedule HC-M,
items 6(a) through 6(c), and have been acquired from
failed insured depository institutions or otherwise purchased from the FDIC and are covered by loss-sharing
agreements with the FDIC.
Exclude FDIC loss-sharing indemnification assets. These
indemnification assets represent the carrying amount of
the right to receive payments from the FDIC for losses
incurred on specified assets acquired from failed insured
depository institutions or otherwise purchased from the
FDIC that are covered by loss-sharing agreements with
the FDIC. Report FDIC loss-sharing indemnification
assets in Schedule HC-F, item 6, ‘‘Other’’ assets.
Schedule HC-M 7(a) and 7(b) are to be completed
annually in the December report only.
Schedule HC-M
FR Y-9C
June 2018
Schedule HC-M
Line Item 7 Captive insurance and reinsurance
subsidiaries:
Line Item 7(a) Total assets of captive insurance
subsidiaries.
Report the carrying amount of all assets held by consolidated captive insurance subsidiaries of the reporting
holding company. A captive insurance company is a
limited purpose insurer licensed as a direct writer of
insurance. Some common lines of business include credit
life, accident, and health insurance; disability insurance;
and employee benefits coverage. Report total assets
before eliminating intercompany transactions between
the consolidated insurance subsidiary and other offices or
subsidiaries of the consolidated bank company.
Line Item 7(b) Total assets of captive reinsurance
subsidiaries.
Report the carrying amount of all assets held by consolidated captive reinsurance subsidiaries of the reporting
holding company. Reinsurance is the transfer, with
indemnification, of all or part of the underwriting risk
from one insurer to another for a portion of the premium
or other consideration. For further information, see the
Glossary entry for ‘‘reinsurance.’’
Some common lines of business include credit life,
accident, and health reinsurance; disability reinsurance;
reinsurance of employee benefits coverage; private mortgage guaranty reinsurance; and terrorism risk reinsurance. Report total assets before eliminating intercompany
transactions between the consolidated reinsurance subsidiary and other offices or subsidiaries of the consolidated
holding company.
Line Item 8 Has the holding company entered into
a business combination during the calendar year
that was accounted for by the purchase method of
accounting?
Enter a ‘‘1’’ for yes if the respondent holding company
consummated the acquisition of another company during
the calendar year that was accounted for by the purchase
method of accounting. Enter ‘‘0’’ for no if the respondent
holding company consummated no business combinations during the calendar year.
FR Y-9C
Schedule HC-M
June 2018
Line Item 9 Has the holding company restated its
financial statements during the last quarter as a
result of new or revised Statements of Financial
Accounting Standards?
Enter a ‘‘1’’ for yes if the respondent holding company
has restated its financial statements during the quarter
ending with the report date because a new or revised
Statement of Financial Accounting Standards (SFAS)
was implemented. Enter a ‘‘0’’ if no financial statements
were revised as a result of the implementation of a new or
revised SFAS.
If the response to this question is ‘‘yes,’’ restated financial
statements that reflect those changes in accounting standards should be submitted to the appropriate Federal
Reserve District Bank as soon as possible.
Line Item 10 Not applicable.
Line Item 11 Have all changes in investments and
activities been reported to the Federal Reserve on
the Report of Changes in Organizational Structure
(FR Y-10).
Enter a ‘‘1’’ for yes if the holding company has submitted
all changes, if any, in its investments and activities on the
FR Y-10. If the holding company had no changes in
investments and activities and therefore was not required
to file a FR Y-10, also enter a ‘‘1’’ in this item. Enter a
‘‘0’’ for no if it has not yet submitted all changes to
investments and activities on the FR Y-10. (If the
answer to this question is no, the holding company
must complete the FR Y-10 report.) The name of the
holding company official responsible for verifying that
the FR Y-10 has been completed should be typed or
printed on the line provided whether the answer is ‘‘yes,’’
or ‘‘no.’’ In addition, enter the area code and phone
number of the official responsible for verifying the
FR Y-10.
Line Item 12 Intangible assets.
Report in the appropriate subitem the carrying amount of
intangible assets. Intangible assets primarily result from
business combinations accounted for under the acquisition method in accordance with ASC Topic 805, Business Combinations (formerly FASB Statement No.
141(R), Business Combinations), from acquisitions of
portions or segments of another institution’s business
such as mortgage servicing portfolios, and credit card
HC-M-5
Schedule HC-M
portfolios, and from the sale or securitization of financial
assets with servicing retained.
Line Item 12(a)(1) Estimated fair value of
mortgage servicing assets.
An identifiable intangible asset with a finite life (other
than a servicing asset) should be amortized over its
estimated useful life and should be reviewed at least
quarterly to determine whether events or changes in
circumstances indicate that its carrying amount may not
be recoverable. If this review indicates that the carrying
amount may not be recoverable, the identifiable intangible asset should be tested for recoverability (impairment) in accordance with ASC Topic 360, Property,
Plant, and Equipment (formerly FASB Statement No. 144,
Accounting for the Impairment or Disposal of LongLived Assets). An impairment loss shall be recognized if
the carrying amount of the identifiable intangible asset is
not recoverable and this amount exceeds the asset’s fair
value. The carrying amount is not recoverable if it
exceeds the sum of the undiscounted expected future
cash flows from the identifiable intangible asset. An
impairment loss is recognized by writing the identifiable
intangible asset down to its fair value (which becomes
the new accounting basis of the intangible asset), with a
corresponding charge to expense (which should be
reported in Schedule HI, item 7(c)(2)). Subsequent
reversal of a previously recognized impairment loss is
prohibited.
Report the estimated fair value of the capitalized mortgage servicing assets reported in Schedule HC-M,
item 12(a) above.
An identifiable intangible asset with an indefinite useful
life should not be amortized, but should be tested for
impairment at least annually in accordance with ASC
Topic 360, Property, Plant, and Equipment (formerly
FASB Statement No. 142, Goodwill and Other Intangible
Assets).
Line Item 12(a) Mortgage servicing assets.
Report the carrying amount of mortgage servicing assets,
i.e., the cost of acquiring contracts to service loans
secured by real estate (as defined for Schedule HC-C,
item 1, and in the Glossary entry for ‘‘Loans secured by
real estate’’) that have been securitized or are owned by
another party, net of any related valuation allowances.
Servicing assets resulting from contracts to service financial assets other than loans secured by real estate should
be reported in line item 12(b). For further information,
see the Glossary entry for ‘‘servicing assets and
liabilities.’’
HC-M-6
According to ASC Topic 820, Fair Value Measurements
and Disclosures (formerly FASB Statement No. 157,
Fair Value Measurements), fair value is defined as the
price that would be received to sell an asset in an orderly
transaction between market participants in the asset’s
principal (or most advantageous) market at the measurement date. For purposes of this item, the reporting
holding company should determine the fair value of
mortgage servicing assets in the same manner that determines the fair value of these assets for other financial
reporting purposes, consistent with the guidance in ASC
Topic 820.
Line Item 12(b) Goodwill.
Report the carrying amount of goodwill as adjusted for
any impairment losses and, if the private company goodwill accounting alternative has been elected, the amortization of goodwill. Except when this accounting alternative has been elected, goodwill should not be amortized.
However, regardless of whether goodwill is amortized, it
must be tested for impairment as described in the Glossary entry for “goodwill.” See “acquisition method” in
the Glossary entry for “business combinations” for guidance on the recognition and initial measurement of
goodwill acquired in a business combination.
Line Item 12(c) All identifiable intangible assets.
Report the carrying amount of all other specifically
identifiable intangible assets such as core deposit intangibles, favorable leashold rights, purchased credit card
relationships, and nonmortgage servicing assets.
Purchased credit card relationships represent the right to
conduct ongoing credit card business dealings with the
cardholders. In general, purchased credit card relationships are an amount paid in excess of the value of the
purchased credit card receivables. Such relationships
arise when the reporting bank purchases existing credit
card receivables and also has the right to provide credit
card services to those customers. Purchased credit card
relationships may also be acquired when the reporting
bank purchases an entire depository institution.
Schedule HC-M
FR Y-9C
June 2018
Schedule HC-M
Purchased credit card relationships shall be carried at
amortized cost. Management of the institution shall
review the carrying amount at least quarterly, adequately
document this review, and adjust the carrying amount as
necessary. This review should determine whether unanticipated acceleration or deceleration of cardholder payments, account attrition, changes in fees or finance
charges, or other events or changes in circumstances
indicate that the carrying amount of the purchased credit
card relationships may not be recoverable. If this review
indicates that the carrying amount may not be recoverable, the intangible asset should be tested for recoverability, and any impairment loss should be recognized, as
described in the instruction for Schedule HC-M, item 2.
Nonmortgage servicing assets are contracts to service
financial assets, other than loans secured by real estate (as
defined for Schedule HC-C, item 1) under which the
estimated future revenues from contractually specified
servicing fees, late charges, and other ancillary revenues
are expected to more than adequately compensate the
servicer for performing the servicing. A nonmortgage
servicing contract is either (a) undertaken in conjunction
with selling or securitizing the nonmortgage financial
assets being serviced or (b) purchased or assumed separately. For nonmortgage servicing assets accounted for
under the amortization method, the carrying amount is
the unamortized cost of acquiring the nonmortgage servicing contracts, net of any related valuation allowances.
For nonmortgage servicing assets accounted for under
the fair value method, the carrying amount is the fair
value of the nonmortgage servicing contracts. For further
information, see the Glossary entry for “servicing assets
and liabilities.”
Line Item 12(d) Total.
Report the sum of items 12(a), 12(b) and 12(c). This
amount must equal Schedule HC, item 10, “Intangible
assets.”
Line Item 13 Other real estate owned.
Report the net book value of all real estate other than (1)
holding company premises owned or controlled by the
holding company and its consolidated subsidiaries (which
should be reported in Schedule HC, item 6) and (2) direct
and indirect investments in real estate ventures (which
should be reported in Schedule HC, item 9). Also exclude
real estate property collateralizing a fully or partially
government-guaranteed mortgage loan for which the
FR Y-9C
Schedule HC-M
June 2018
holding company has received physical possession and
the conditions specified in ASC Subtopic 310-40,
Receivables—Troubled Debt Restructurings by Creditors (formerly FASB Statement No. 15, ″Accounting by
Debtors and Creditors for Troubled Debt Restructurings″), were met upon foreclosure. In such a situation,
rather than recognizing other real estate owned upon
foreclosure, the holding company must recognize a separate “other receivable,” which should be measured based
on the amount of the loan balance (principal and interest)
expected to be recovered from the guarantor. Report such
a receivable in Schedule HC-F, item 6, “All other assets.”
For further information, see the Glossary entry for “Foreclosed assets.” Do not deduct mortgages or other liens on
such property (report mortgages or other liens in Schedule HC, item 16, ‘‘Other borrowed money’’). Amounts
should be reported net of any applicable valuation allowances.
Include as all other real estate owned:
(1) Foreclosed real estate, i.e.,
(a) Real estate acquired in any manner for debts previously contracted (including, but not limited to, real estate
acquired through foreclosure and real estate acquired by
deed in lieu of foreclosure), even if the holding company
has not yet received title to the property.
(b) Real estate collateral underlying a loan when the
holding company has obtained physical possession of
the collateral. (For further information see Glossary
entries for ‘‘foreclosed assets’’ and ‘‘troubled debtrestructurings.’’)
Foreclosed real estate received in full or partial satisfaction of a loan should be recorded at the fair value less
cost to sell of the property at the time of foreclosure. This
amount becomes the ‘‘cost’’ of the foreclosed real estate.
When foreclosed real estate is received in full satisfaction
of a loan, the amount, if any, by which the recorded
amount of the loan exceeds the fair value less cost to sell
of the property is a loss which must be charged to the
allowance for loan and lease losses at the time of
foreclosure. The amount of any senior debt (principal and
accrued interest) to which foreclosed real estate is subject
at the time of foreclosure must be reported as a liability in
Schedule HC, item 16, “Other borrowed money.”
After foreclosure, each foreclosed real estate asset must
be carried at the lower of (1) the fair value of the asset
minus the estimated costs to sell the asset or (2) the cost
HC-M-7
Schedule HC-M
of the asset (as defined in the preceding paragraph). This
determination must be made on an asset-by-asset basis. If
the fair value of a foreclosed real estate asset minus the
estimated costs to sell the asset is less than the asset’s
cost, the deficiency must be recognized as a valuation
allowance against the asset which is created through a
charge to expense. The valuation allowance should thereafter be increased or decreased (but not below zero)
through charges or credits to expense for changes in the
asset’s fair value or estimated selling costs. (For further
information, see the Glossary entries for ‘‘foreclosed
assets’’ and ‘‘troubled debt restructurings.’’)
(2) Foreclosed real estate collateralizing mortgage loans
insured or guaranteed by the Federal Housing Administration (FHA), the Department of Agriculture under
the Rural Development (RD) program (formerly the
Farmers Home Administration (FmHA)), or the
Department of Veterans Affairs (VA) or guaranteed
by the Secretary of Housing and Urban Development
and administered by the Office of Public and Indian
Housing (PIH) that back Government National Mortgage Association (GNMA) securities, i.e., ″GNMA
loans,″ if the mortgage loans did not meet the
conditions specified in ASC Subtopic 310-40 requiring recognition of a separate “other receivable.”
(3) Property originally acquired for future expansion but
no longer intended to be used for that purpose.
(4) Foreclosed real estate sold under contract and
accounted for under the deposit method of accounting in accordance with ASC Subtopic 360-20, Property, Plant, and Equipment – Real Estate Sales (formerly FASB Statement No. 66, Accounting for Sales
of Real Estate). Under this method, the seller does
not record notes receivable, but continues to report
the real estate and any related existing debt on its
balance sheet. The deposit method is used when a
sale has not been consummated and is commonly
used when recovery of the carrying value of the
property is not reasonably assured. If the full accrual,
installment, cost recovery, reduced profit, or
percentage-of-completion method of accounting
under ASC Subtopic 360-20 is being used to account
for the sale, the receivable resulting from the sale of
the foreclosed real estate should be reported as a loan
in Schedule HC-C and any gain on the sale should
be recognized in accordance with ASC Subtopic
360-20. For further information, see the Glossary
entry for ‘‘foreclosed assets.’’
HC-M-8
Property formerly but no longer used for banking may be
reported either in this item as ‘‘All other real estate
owned’’ or in Schedule HC, item 6, as ‘‘Premises and
fixed assets.’’
Line Item 14 Other borrowed money.
Report in the appropriate subitem the amount borrowed
by the consolidated holding company.
Line Item 14(a) Commercial paper.
Report the total amount outstanding of commercial paper
issued by the reporting holding company or its subsidiaries.
(See the Glossary entry for ‘‘commercial paper’’ for a
description of commercial paper.)
Line Item 14(b) Other borrowed money with a
remaining maturity of one year or less.
Report the total amount of money borrowed by the
consolidated holding company with a remaining maturity
of one year or less. For purposes of this item, remaining
maturity is the amount of time remaining from the report
date until final contractual maturity of a borrowing
without regard to the borrowing’s repayment schedule, if
any.
Report the total amount of money borrowed with a
remaining maturity of one year or less:
(1) on its promissory notes;
(2) on notes and bills rediscounted (including commodity drafts rediscounted);
(3) on financial assets (other than securities) sold under
repurchase agreements that have an original maturity of more than one business day and sales of
participations in pools of loans that have an original
maturity of more than one business day;
(4) by transferring financial assets in exchange for cash
or other consideration (other than beneficial interests in the transferred assets) in transactions that do
not satisfy the criteria for sale treatment under
ASC Topic 860, Transfers and Servicing (formerly
FASB Statement No. 140, Accounting for Transfers
and Servicing of Financial Assets and Extinguishments of Liabilities, as amended) (see the Glossary
entry for ‘‘transfers of financial assets’’ for further
information);
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March 2020
Schedule HC-M
(5) by the creation of due bills representing the holding
company’s receipt of payment and similar instruments, whether collateralized or uncollateralized
(see the Glossary entry for ‘‘due bills’’);
(6) from Federal Reserve Banks;
(7) by overdrawing ‘‘due from’’ balances with depository institutions, except overdrafts arising in connection with checks or drafts drawn by subsidiary
depository institutions of the reporting holding
company and drawn on, or payable at or through,
another depository institution either on a zerobalance account or on an account that is not routinely maintained with sufficient balances to cover
checks or drafts drawn in the normal course of
business during the period until the amount of the
checks or drafts is remitted to the other depository
institution (in which case, report the funds received
or held in connection with such checks or drafts
as deposits in Schedule HC-E until the funds are
remitted;
(8) on purchases of ‘‘term federal funds’’ (as defined in
the Glossary entry for ‘‘federal funds transactions’’);
(9) for holding companies that have not adopted FASB
Accounting Standards Update No. 2016-02 (ASU
2016-02) on accounting for leases, through obligations under capitalized leases, and for holding
companies that have adopted ASU 2016-02, through
lease liabilities for finance leases;
(10) through mortgages, liens, or other encumbrances on
bank premises and other real estate owned;
(11) by borrowing immediately available funds in foreign offices that have an original maturity of one
business day or roll over under a continuing contrast that are not securities repurchase agreements;
(12) on Federal Home Loan Bank advances; and
(13) on any other obligation for the purpose of borrowing money that has a remaining maturity of one
year or less and that is not reported elsewhere.
(For a discussion of borrowings in foreign offices, see the
Glossary entry for ‘‘borrowings and deposits in foreign
offices.’’)
Exclude from this item the following:
(1) Federal funds purchased (in domestic offices) and
securities sold under agreements to repurchase (report
in Schedule HC, items 14(a) and 14(b), respectively);
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Schedule HC-M
March 2020
(2) Liabilities resulting from the sales of assets that the
reporting holding company or its consolidated subsidiaries does not own (see Glossary entry for ‘‘short
position’’) (report in Schedule HC, item 15);
(3) Subordinated notes and debentures (report in Schedule HC, item 19(a)); and
(4) for holding companies that have adopted FASB
Accounting Standards Update No. 2016-02 on
accounting for leases, lease liabilities for operating
leases (report in Schedule HC-G, item 4, “Other”).
Line Item 14(c) Other borrowed money with a
remaining maturity of more than one year.
For purposes of this item, remaining maturity is the
amount of time remaining from the report date until final
contractual maturity of a borrowing without regard to the
borrowing’s repayment schedule, if any.
Report the total amount of money borrowed by the
consolidated holding company with a remaining maturity
of more than one year:
(1) on its promissory notes;
(2) in the form of perpetual debt securities that are
unsecured and not subordinated;
(3) on notes and bills rediscounted (including commodity drafts rediscounted);
(4) on loans sold under repurchase agreements that
mature in more than one business day;
(5) for holding companies that have not adopted FASB
Accounting Standards Update No. 2016-02 (ASU
2016-02) on accounting for leases, through obligations under capitalized leases, and for holding companies that have adopted ASU 2016-02, through
lease liabilities for finance leases;
(6) through mortgages, liens, or other encumbrances on
bank premises and other real estate owned;
(7) on Federal Home Loan Bank advances; and
(8) on any other obligation with a remaining maturity of
more than one year for the purpose of borrowing
money that is not reported elsewhere.
NOTE: When the reporting holding company has explicitly or implicitly guaranteed the long-term debt of its
Employee Stock Ownership Plan (ESOP), report in this
HC-M-9
Schedule HC-M
item the dollar amount outstanding of the long-term debt
guaranteed.
For a discussion of borrowings in foreign offices, see the
Glossary entry for ‘‘borrowings and deposits in foreign
offices.’’
Exclude from this item the following:
(1) federal funds purchased (in domestic offices) and
securities sold under agreements to repurchase (report
in Schedule HC, items 14(a) and 14(b), respectively);
(2) liabilities resulting from the sales of assets that the
reporting holding company or its consolidated subsidiaries do not own (see Glossary entry for ‘‘short
position’’) (report in Schedule HC, item 15);
(3) subordinated notes and debentures (report in Schedule HC, item 19(a)); and
(4) for holding companies that have adopted FASB
Accounting Standards Update No. 2016-02 on
accounting for leases, lease liabilities for operating
leases (report in Schedule HC-G, item 4, “Other”).
Line Item 14(d) Total.
Report the sum of items 14(a), 14(b) and 14(c). This
amount must equal Schedule HC, item 16, ‘‘Other borrowed money.’’
Line Item 15 Does the holding company sell
private label or third party mutual funds and
annuities?
Indicate whether the reporting holding company currently sells private label or third party mutual funds and
annuities.
Place “1” for yes if the holding company, a holding
company subsidiary or other affiliate, or an unaffiliated
entity sells private label or third party mutual funds and
annuities:
(1) on premises of the holding company;
(2) from which the holding company receives income at
the time of the sale or over the duration of the
account (e.g., annual fees, Rule 12b-1 fees or ‘‘trailer
fees,’’ and redemption fees); or
(3) through the reporting holding company’s trust department in transactions that are not executed in a
HC-M-10
fiduciary capacity (e.g., trustee, executor, administrator, conservator).
Otherwise, enter “0” for no.
Mutual fund is the common name for an open-end
investment company whose shares are sold to the investing public. An annuity is an investment product, typically
underwritten by an insurance company, that pays either a
fixed or variable payment stream over a specified period
of time. Both proprietary and private label mutual funds
and annuities are established in order to be marketed
primarily to a banking organization’s customers. A proprietary product is a product for which the reporting
holding company or a subsidiary or other affiliate of the
reporting holding company acts as investment adviser
and may perform additional support services. In a private
label product, an unaffiliated entity acts as the investment
adviser. The identity of the investment adviser is normally disclosed in the prospectus for a mutual fund or
annuity. Mutual funds and annuities that are not proprietary or private label products are considered third party
products. For example, third party mutual funds and
annuities include products that are widely marketed by
numerous parties to the investing public and have investment advisers that are not affiliated with the reporting
holding company.
Line Item 16 Assets under management in
proprietary mutual funds and annuities.
Report the amount of assets (stated in U.S. dollars) held
by mutual funds and annuities as of the report date for
which the reporting holding company or a subsidiary of
the holding company acts as investment adviser.
A general description of a proprietary product is included
in the instruction to Schedule HC-M, item 15, above.
Proprietary mutual funds and annuities are typically
created by large banking organizations and offered to
customers of the banking organization’s subsidiary banks.
Therefore, small, independent banks do not normally act
as investment advisers for mutual funds and annuities.
If neither the holding company nor any subsidiary of the
holding company acts as investment adviser for a mutual
fund or annuity, the holding company should report a
zero in this item.
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FR Y-9C
March 2020
Schedule HC-M
Information related to the filing of the
FR Y-12 report (Line Items 17, 18, 19(a),
19(b))
Line items 17 and 18 will be used to determine if the
reporting holding company must complete the Consolidated Holding Company Report of Equity Investments in
Nonfinancial Companies (FR Y-12). In a multi-tiered
organization with one or more holding companies, only
the top-tier holding company should complete items 17
and 18 on a consolidated basis. However, if a lower-tier
holding company is functioning as the consolidated
top-tier reporter for other financial reports (for example,
when the top-tier is a non-U.S. holding company, ESOP,
or limited partnership), this lower-tier holding company
should complete items 17 and 18 on a consolidated basis.
Items 19(a) and 19(b) are to be completed by all
holding companies that are not required to file the FR
Y-12.
Line Item 17 Does the holding company hold,
either directly or indirectly through a subsidiary or
affiliate, any nonfinancial equity investments within
a Small Business Investment Company (SBIC)
structure, or under section 4(c)(6) or 4(c)(7) of the
Bank Holding Company Act, or pursuant to the
merchant banking authority of section 4(k)4(H) of
the Bank Holding Company Act, or pursuant to the
investment authority granted by Regulation K?
Enter a ‘‘1’’ if the answer to this question is yes. Enter a
‘‘0’’ if the response to this question is no. If the answer to
this question is no, your organization does not need to
complete the FR Y-12. Skip items 18 and proceed to items
19(a) and 19(b). If the answer to this question is yes,
proceed to item 18 below.
For purposes of this question, an equity investment refers
to common stock, partnership interests, convertible preferred stock, convertible debt, and warrants, options, and
other rights that give the holder the right to acquire
common stock or instruments convertible into common
stock. An equity investment does not include any position or security held in a trading account in accordance
with applicable accounting principles and as part of an
underwriting, market making or dealing activity.
A nonfinancial equity investment means an equity investment made by the holding company or any of its subsidiaries (including all U.S. offices, International Banking
FR Y-9C
Schedule HC-M
March 2015
Facilities, foreign branches, branches in Puerto Rico and
U.S. territories and possessions, and majority-owned
bank and nonbank domestic and foreign subsidiaries,
including Edge and agreement subsidiaries, domestic
nonbanking subsidiaries, and small business investment
companies (SBICs)):
• pursuant to the merchant banking authority of section
4(k)(4)(H) of the BHC Act (12 U.S.C. 1843(k)(4)(H))
and subpart J of the Board’s Regulation Y,
• under section 4(c)(6) or 4(c)(7) of the BHC Act
(12 U.S.C. 1843(c)(6) and (c)(7)) in a nonfinancial
company (as defined below) or in a company that
makes investments in nonfinancial companies,
• investments made through a SBIC that is consolidated
with the holding company or subsidiary, or in an SBIC
that is not consolidated, under section 302(b) of the
Small Business Investment Act of 1958,
• in a nonfinancial company under the portfolio investment provisions of the Board’s Regulation K (12 CFR
211.8(c)(3), or
• in a nonfinancial company under section 24 of the
Federal Deposit Insurance Act (12 U.S.C. 1831a).
This question does not apply to equity investments that a
holding company or any of its subsidiaries may make
under other legal authorities. For example, this question
does not apply to nonfinancial investments made by an
insurance company subsidiary of a financial holding
company under section 4(k)(4)(I) of the BHC Act
(12 U.S.C. 1843(k)(4)(I)). Also, this question does not
apply to DPC investments.
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)).
Line Item 18 Do your aggregate nonfinancial
equity investments equal or exceed the lesser of
$100 million (on an acquisition cost basis) or
10 percent of the holding company’s consolidated
Tier 1 capital as of the report date?
Enter a ‘‘1’’ if the answer to this question is yes. Enter a
‘‘0’’ if the response to this question is no. If the answer to
both item 17 and item 18 is yes, your organization must
complete the FR Y-12. Skip items 19.a and 19.b, and
proceed to item 20 below. If the answer to either item 17
HC-M-11
Schedule HC-M
or item 18 is no, your organization does not need to
complete the FR Y-12. Proceed to items 19(a) and 19(b)
below.
a U.S. holding company whose declaration has been
determined to be effective as of the reporting period (e.g.,
March 31, June 30, September 30, or December 31).
See the instructions for item 17 above for the definition
of nonfinancial equity investment.
Line Item 20(a) Net Assets.
Acquisition cost is the amount paid by the holding
company for the nonfinancial equity investment when it
was acquired.
Tier 1 capital is the amount reported in Schedule HC- R,
Part I Regulatory Capital, item 26.
Items 19(a) and 19(b) are to be completed by all
holding companies that are not required to file the
FR Y-12.
Line Item 19(a) Has the holding company sold or
otherwise liquidated its holding of any nonfinancial
equity investment since the previous reporting
period?
Enter a ‘‘1’’ if the answer to this question is yes. Enter a
‘‘0’’ if the response to this question is no. See the
instructions for item 17 above for the definition of
nonfinancial equity investment.
Line item 19(b) Does the holding company manage
any nonfinancial equity investments for the benefit
of others?
Enter a ‘‘1’’ if the answer to this question is yes. Enter a
‘‘0’’ if the response to this question is no.
This item applies to all holding companies that do not file
the FR Y-12 report that manage nonfinancial equity
investments for others by serving as a general partner in a
limited partnership or performing a similar function in a
private equity fund. These investments are not owned by
the holding company and are not consolidated in the
holding company’s financial statements. Exclude investments managed through a bank trust department in a
fiduciary capacity. See the instructions for item 17 above
for the definition of nonfinancial equity investment.
Line Item 20 Balances of broker–dealer
subsidiaries engaged in underwriting or dealing
securities pursuant to Section 4(k)(4)(E) of the Bank
Holding Company Act as amended by the
Gramm–Leach–Bliley Act.
These items are to be completed only by top-tier financial holding companies. A financial holding company is
HC-M-12
Report the total net assets of all broker–dealer subsidiaries engaged in underwriting or dealing securities pursuant to Section 4(k)4(E) of the Bank Holding Company
Act as amended by the Gramm–Leach–Bliley Act. The
definition of assets generally corresponds to Schedule
HC, Balance Sheet, line 12. Include both domestic and
foreign subsidiaries that are owned by the financial
holding company. Exclude from this item intercompany
assets and claims on affiliates that are eliminated when
preparing consolidated financial statements for the financial holding company. Report intercompany assets and
claims in items 20(b) and 20(c), respectively. Also
exclude any subsidiaries that are held through a U.S.
depository institution.
Line Item 20(b) Balances due from related
institutions.
Report intercompany transaction balances due from the
parent company, subsidiary banks and their subsidiaries,
and nonbank subsidiaries of the parent holding company.
This may include cash, receivables and all other amounts
due from operating the underwriting subsidiary. All
amounts are reported gross. For savings and loan holding
companies, the definition of nonbank subsidiary excludes
federal savings associations, federal savings banks and
thrift institutions.
Line Item 20(b)(1) Due from holding company
(parent company only), gross.
Report intercompany transaction balances due from the
reporting parent holding company. This may include
receivables and amounts owed from operating the subsidiary or providing services to the parent company.
Line Item 20(b)(2) Due from subsidiary banks of
the holding company, gross.
Report intercompany transaction balances due from subsidiary banks and their subsidiaries of the holding company. This may include cash due from subsidiary banks
or amounts owed for services provided.
Schedule HC-M
FR Y-9C
March 2015
Schedule HC-M
Line Item 20(b)(3) Due from nonbank subsidiaries
of the holding company, gross.
Report intercompany transaction balances due from nonbank subsidiaries of the holding company. For savings
and loan holding companies, the definition of nonbank
subsidiary excludes federal savings associations, federal
savings banks and thrift institutions.
Line Item 20(c) Balances due to related
institutions.
Line items 20(c)(1) through 20(c)(3) include intercompany liabilities that are owed to affiliates or are derived
from subordinated debt agreement(s) with affiliates that
are considered capital under the SEC’s net capital rule
(Rule 15c3-1). The aggregate amount of that subordinated debt is reported in line 20(d).
Line Item 20(c)(1) Due to holding company
(parent company only), gross.
Report the amount of all intercompany liabilities that are
owed to the reporting parent holding company. Such
liabilities may consist of administrative service agreements, utilized lines of credit, management fees, advances
or any other amounts due to the holding company parent.
Line Item 20(c)(2) Due to subsidiary banks of the
holding company, gross.
Report the amounts of all intercompany liabilities owed
to the subsidiary banks and their subsidiaries of the
holding company. Such liabilities may consist of shortterm loans and transaction processing fees.
Line Item 20(c)(3) Due to the nonbank
subsidiaries of the holding company, gross.
Report the amount of all intercompany liabilities owed to
the nonbank subsidiaries of the holding company. For
savings and loan holding companies, the definition of
nonbank subsidiary excludes federal savings associations, federal savings banks and thrift institutions.
considered capital under SEC net capital rules (Rule
15c3-1).
Line Item 21 Net assets of subsidiaries engaged in
insurance or reinsurance underwriting pursuant to
Section 4(k)(4)(B) of the Bank Holding Company
Act as amended by the Gramm—Leach—Bliley Act
(12 U.S.C. § 1843(k)(4)(B)). A savings and loan
holding company that wishes to engage in financial
holding company activities must have an effective
election to be treated as financial holding company or
conducts activities under section 10(c)(2)(H)(i) of the
HOLA (12 U.S.C. 1467a(c)(2)(H)(i).
This item is to be completed only by the top-tier financial holding company in a multi-tiered organization
(and single-tiered financial holding companies), and
includes only newly authorized insurance underwriting
activities permitted under the Gramm–Leach–Bliley Act
(12 U.S.C. § 1843(k)(4)(B)). A financial holding company whose declaration has been determined to be effective as of the reporting period (e.g., March 31, June 30,
September 30, or December 31) should report the total
net assets for subsidiaries engaged in insurance or reinsurance underwriting pursuant to Section 4(k)(4)(B) of
the Bank Holding Company Act as amended by the
Gramm—Leach—Bliley Act (12 U.S.C. § 1843(k)(4)(B)).
The definition of assets generally corresponds to Schedule HC, Balance Sheet, line 12. Include both domestic
and foreign subsidiaries that are owned by the financial
holding company. Exclude from this item:
(1) intercompany assets and claims on affiliates that are
eliminated when preparing consolidated financial
statements for the financial holding company,
(2) subsidiaries that engage solely in underwriting creditrelated insurance that was permissible for holding
companies to engage in prior to the Gramm–Leach–
Bliley Act under Section 225.28(b)(11)(i) of Regulation Y, and
(3) subsidiaries that are principally engaged in insurance
agency activities.
Line Item 20(d) Intercompany liabilities reported
in items 20.c(1), 20.c(2), and 20.c(3) above that
qualify as liabilities subordinated to claims of
general creditors.
Line Item 22 Address (URL) for the reporting
holding company’s web page that displays risk
disclosures, including credit and market risks.
Report the amount of intercompany liabilities that are
derived from subordinated debt agreement(s) that are
(This item is to be reported by holding companies with
total assets of $30 billion or more.)
FR Y-9C
Schedule HC-M
June 2013
HC-M-13
Schedule HC-M
Report the holding company’s Internet Web address, also
known as the Uniform Resource Locator (URL), that the
public enters into Internet browser software in order to
access the holding company’s risk disclosure information. Holding companies should provide the URL that
links directly to the risk disclosure information on the
holding company’s web site or to a table that crossreferences to the location of the disclosures on the web
site. The risk disclosure information should include the
information as outlined in SR letter 01-6. This risk
information would typically be found in the management’s discussion and analysis (MD&A) of Form 10-K
and Form 10-Q filed with the SEC.
Each holding company should ensure that it accurately
reports its URL. Do not provide an e-mail address in the
space for the Web address. The URL reported in this item
will be publicly available. Examples of URLs are
www.bhc.com/riskdisclosure and www.bhc.com/fin/; do
not preface with http:// because this is already included
on the form.
Line Item 23 Secured liabilities.
(This item is to be completed by all holding companies.)
Report in the appropriate subitem the carrying amount of
federal funds purchased (in domestic offices) and ‘‘Other
borrowings’’ that are secured, i.e., the carrying amount of
these types of liabilities for which the holding company
(or a consolidated subsidiary) has pledged securities,
loans, or other assets as collateral.
Line Item 23(a) Amount of ‘‘Federal funds
purchased (in domestic offices)’’ that are secured.
Report the carrying amount of federal funds purchased
(in domestic offices) (as defined for Schedule HC, item
14(a)) that are secured.
Line Item 23(b) Amount of ‘‘Other borrowings’’
that are secured.
Report the carrying amount of ‘‘Other borrowings’’ (as
defined for Schedule HC-M, item 14(d)) that are secured.
Secured ‘‘Other borrowings’’ include, but are not limited
to, transfers of financial assets accounted for as financing
transactions because they do not satisfy the criteria for sale
accounting under ASC Topic 860, Transfers and Servicing
(formerly FASB Statement No. 140, Accounting for TransHC-M-14
fers and Servicing of Financial Assets and Extinguishments of Liabilities, as amended), mortgages payable on
holding company premises and other real estate owned,
and obligations under capitalized leases.
Line Item 24 Issuances associated with the U.S.
Department of Treasury Capital Purchase Program.
Under the U.S. Department of Treasury Capital Purchase
Program (CPP), the Treasury provides capital to participating holding companies by purchasing newly issued
senior perpetual preferred stock and warrants to purchase
common stock, depending on whether the holding company’s common stock is ‘‘publicly traded.’’ For such
holding companies that are not publicly traded, the
Treasury Department immediately exercises the warrants
for senior perpetual preferred stock (‘‘warrant preferred
stock’’). This perpetual preferred stock and warrant preferred stock is senior to the holding company’s common
stock and on par with the issuer’s existing preferred
shares. All senior perpetual preferred stock issued provides for cumulative dividends, but for regulatory capital
purposes is treated the same as noncumulative perpetual
preferred stock as an unrestricted core capital element
included in Tier 1 capital.
Line Item 24(a) Senior perpetual preferred stock
or similar items
Report the carrying amount of all senior perpetual preferred stock and all warrant preferred stock issued to the
U.S. Department of Treasury (included in Schedule HC,
item 23, ‘‘Perpetual preferred stock and related surplus.’’
Line Item 24(b) Warrants to purchase common
stock or similar items
Report the carrying amount of all warrants issued to the
U.S. Department of Treasury to purchase common stock
of the holding company that is included in equity capital
on the balance sheet (included in Schedule HC, item 25,
‘‘Surplus,’’ or Schedule HC, item 20, ‘‘Other liabilities.’’)
Warrants issued by a publicly traded holding company
should be included in equity capital on the balance sheet
provided the holding company has sufficient authorized
but unissued shares of the common stock to allow
exercise of the warrants and any other necessary shareholder approvals have been obtained. If the holding
Schedule HC-M
FR Y-9C
June 2013
Schedule HC-M
company does not have required shareholder approval,
including shareholder approval for sufficient authorized
but unissued shares of the common stock subject to the
warrants that may be required for settlement, the warrants may be included in equity capital on the balance
sheet provided that the holding company takes the necessary action to secure sufficient approvals prior to the end
of the fiscal quarter in which the warrants are issued.
Warrants that are not eligible to be classified as equity
capital should be reported as other liabilities on the
balance sheet.
Line item 25 U.S. Small Business Administration
Paycheck Protection Program (PPP) loans and the
Federal Reserve PPP Liquidity Facility (PPPLF).
The PPP was established by Section 1102 of the
2020 Coronavirus Aid, Relief, and Economic Security
Act, which was enacted on March 27, 2020 and amended
on June 5, 2020. PPP covered loans (PPP loans) are fully
guaranteed as to principal and accrued interest by the
U.S. Small Business Administration (SBA).
The PPPLF was authorized by the Board of Governors of
the Federal Reserve System on April 8, 2020, under
Section 13(3) of the Federal Reserve Act
(12 U.S.C. 343(3)). Under the PPPLF, the Federal
Reserve Banks extend non-recourse loans to eligible
lenders, with the extensions of credit secured by SBAguaranteed PPP loans that the lenders have originated or
purchased.
Line item 25.b
Outstanding balance of PPP loans.
Report the aggregate amount at which PPP loans held for
investment and held for sale are included in Schedule HC-C, Part I, and PPP loans held for trading are
included in Schedule HC, item 5, as of the report date.
Line item 25.c Outstanding balance of PPP loans
pledged to the PPPLF.
For PPP loans pledged to the PPPLF, report the aggregate
amount at which such PPP loans held for investment and
held for sale are included in Schedule HC-C, Part I, and
such PPP loans held for trading are included in Schedule HC, item 5, as of the report date.
Pledged PPP loans held for investment or held for sale
that should be included in this item will also have been
included in Schedule HC-C, Part I, Memorandum item 14,
″Pledged loans and leases.″ Pledged PPP loans held for
trading that should be included in this item will also have
been included in Schedule HC-D, Memorandum item 4.b,
″Pledged loans.″
Line item 25.d Quarterly average amount of
PPP loans pledged to the PPPLF and excluded from
″Total assets for the leverage ratio″ reported in
Schedule HC-R, Part I, item 30.
Number of PPP loans outstanding.
Report the quarterly average amount of PPP loans
pledged to the PPPLF that are included as a deduction in
Schedule HC-R, Part I, item 29, ″LESS: Other deductions from (additions to) assets for leverage ratio purposes,″ and thus excluded from ″Total assets for the
leverage ratio″ reported in Schedule HC-R, Part I,
item 30.
Report the number of PPP loans outstanding held by the
reporting holding company as of the report date whose
outstanding balances are included in the amount reported
in Schedule HC-M, item 25.b, below.
This quarterly average should be consistent with and
calculated using the same averaging method used for
calculating the quarterly average for ″Total Assets″
reported in Schedule HC-K, item 5.
Items 25.a through 25.d should be completed on a fully
consolidated basis.
Line item 25.a
FR Y-9C
Schedule HC-M
March 2021
HC-M-15
LINE ITEM INSTRUCTIONS FOR
Past Due and Nonaccrual Loans, Leases,
and Other Assets
Schedule HC-N
General Instructions
Report on a fully consolidated basis all loans, leases, debt
securities, and other assets that are past due or are in
nonaccrual status, regardless of whether such credits are
secured or unsecured and regardless of whether such
credits are guaranteed or insured by the U.S. Government
or by others. For assets that are past due or in nonaccrual
status, holding companies that have not adopted FASB
Accounting Standards Update No. 2016-13 (ASU 201613), which governs the accounting for credit losses,
should report the balance sheet amount of the asset in
Schedule HC-N, i.e., the amount at which the asset is
reported in the applicable asset category on Schedule
HC, Balance Sheet (e.g., in item 4(b), “Loans and leases,
held for investment”), not simply the asset’s delinquent
payments.
For assets that are past due or in nonaccrual status,
holding companies that have adopted ASU 2016-13
should report the balance sheet amount of the asset in
Schedule HC-N without deducting any applicable allowance for credit losses, not simply the asset’s delinquent
payments. For example, the amount to be reported in
Schedule HC-N for a past due or nonaccrual loan held for
investment should equal the amount at which the loan is
reported in Schedule HC, Balance Sheet, item 4.b,
“Loans and leases held for investment.” The amount to
be reported in Schedule HC-N, item 10, for a past due or
nonaccrual held-to-maturity debt security should equal
the amortized cost at which the debt security is reported
in Schedule HC-B, Securities, column A.
Loan amounts should be reported net of unearned income
to the extent that they are reported net of unearned
income in Schedule HC-C. All lease, debt security, and
other asset amounts must be reported net of unearned
income.
Federal Housing Administration (FHA), the Department
of Agriculture Rural Development (RD) program (formerly the Farmers Home Administration (FmHA)), or
the Department of Veterans Affairs (VA) or guaranteed
by the Secretary of Housing and Urban Development and
administered by the Office of Public and Indian Housing
(PIH) that back Government National Mortgage Association (GNMA) securities. When a holding company services GNMA loans after it has securitized the loans in a
transfer accounted for as a sale, ASC Topic 860, Transfers and Servicing (formerly FASB Statement No. 140,
“Accounting for Transfers and Servicing of Financial
Assets and Extinguishments of Liabilities,” as amended)
requires the holding company to bring individual delinquent GNMA loans that it previously accounted for as
sold back onto its books as loan assets when, under the
GNMA Mortgage-Backed Securities Guide, the loan
meets GNMA’s specified delinquency criteria and is
eligible for repurchase. This rebooking of GNMA loans
is required regardless of whether the holding company, as
seller-servicer, intends to exercise the repurchase (buyback) option. A seller-servicer must report all delinquent
rebooked GNMA loans that have been repurchased or are
eligible for repurchase as past due in Schedule HC-N in
accordance with their contractual repayment terms. In
addition, if a holding company services GNMA loans,
but was not the transferor of the loans that were securitized, and purchases individual delinquent loans out of
the GNMA securitization, the holding company must
report the purchased loans as past due in Schedule HC-N
in accordance with their contractual repayment terms
even though the holding company was not required to
record the delinquent GNMA loans as assets prior to
purchasing the loans. Such delinquent GNMA loans
should be reported in items 1(c), 11, and 11(b) of
Schedule HC-N.
For purposes of these reports, “GNMA loans” are residential mortgage loans insured or guaranteed by the
FR Y-9C
Schedule HC-N
March 2019
HC-N-1
Schedule HC-N
Definitions
Past Due—The past due status of a loan or other asset
should be determined in accordance with its contractual
repayment terms. For purposes of this schedule, grace
periods allowed by the holding company after a loan or
other asset technically has become past due but before
the imposition of late charges are not to be taken into
account in determining past due status. Furthermore,
loans, leases, debt securities, and other assets are to be
reported as past due when either interest or principal is
unpaid in the following circumstances:
(1) Closed-end installment loans, amortizing loans
secured by real estate, and any other loans and lease
financing receivables with payments scheduled
monthly are to be reported as past due when the
borrower is in arrears two or more monthly payments. (At a holding company’s option, loans and
leases with payments scheduled monthly may be
reported as past due when one scheduled payment is
due and unpaid for 30 days or more.) Other multipayment obligations with payments scheduled other than
monthly are to be reported as past due when one
scheduled payment is due and unpaid for 30 days or
more.
(2) Open-end credit such as charge-card plans, check
credit, and other revolving credit plans are to be
reported as past due when the customer has not made
the minimum payment for two or more billing cycles.
(3) Single payment and demand notes, debt securities,
and other assets providing for the payment of interest
at stated intervals are to be reported as past due after
one interest payment is due and unpaid for 30 days or
more.
(4) Single payment notes, debt securities, and other
assets providing for the payment of interest at maturity are to be reported as past due after maturity if
interest or principal remains unpaid for 30 days or
more.
(5) Unplanned overdrafts are to be reported as past due if
the account remains continuously overdrawn for
30 days or more.
For purposes of this schedule, a full payment in computing past due status for consumer installment loans (both
closed-end and open-end) is defined to include a partial
HC-N-2
payment equivalent to 90 percent or more of the contractual payment.
For holding companies that have not adopted ASU
2016-13, when accrual of income on a purchased creditimpaired (PCI) loan accounted for individually or a PCI
debt security is appropriate, the delinquency status of the
individual asset should be determined in accordance with
its contractual repayment terms for purposes of reporting
the amount of the loan or debt security as past due in the
appropriate items of Schedule HC-N, column A or B.
When accrual of income on a pool of PCI loans with
common risk characteristics is appropriate, delinquency
status should be determined individually for each loan in
the pool in accordance with the individual loan’s contractual repayment terms for purposes of reporting the
amount (before any post-acquisition loan loss allowance)
of individual loans within the pool as past due in the
appropriate items of Schedule HC-N, column A or B. For
further information, see the Glossary entry for “purchased credit-impaired loans and debt securities.”
For holding companies that have adopted ASU 2016-13,
any PCI loans and debt securities held as of the adoption
date of the standard should prospectively be accounted
for as a purchased credit-deteriorated (PCD) financial
assets. As of the adoption date of the standard, the
remaining noncredit discount or premium on a PCD
asset, after the adjustment for the allowance for credit
losses, should be accreted to interest income at the new
effective interest rate, if it is not required to be placed on
nonaccrual. For a PCD loan, debt security, or other
financial asset within the scope of ASU 2016-13 that is
not reported in nonaccrual status, the delinquency status
of the PCD asset should be determined in accordance
with its contractual repayment terms for purposes of
reporting the amortized cost basis of the asset (fair value
for a PCD available-for-sale debt security) as past due in
Schedule HC-N, column A or B, as appropriate. If the
PCD asset that is not reported in nonaccrual status
consists of a pool of loans that was previously PCI, but is
being maintained as a unit of account after the adoption
of ASU 2016-13, delinquency status should be determined individually for each loan in the pool in accordance with the individual loan’s contractual repayment
terms. For further information, see the Glossary entry for
″purchased credit-deteriorated assets.″
NOTE: The time period used for reporting past due
status as indicated above may not in all instances conform to those utilized by federal bank regulators in bank
examinations.
Schedule HC-N
FR Y-9C
March 2021
Schedule HC-N
Nonaccrual—For purposes of this schedule, an asset is
to be reported as being in nonaccrual status if: (1) it is
maintained on a cash basis because of deterioration in the
financial condition of the borrower, (2) payment in full of
principal or interest is not expected, or (3) principal or
interest has been in default for a period of 90 days or
more unless the asset is both well secured and in the
process of collection.
An asset is ‘‘well secured’’ if it is secured (1) by
collateral in the form of liens on or pledges of real or
personal property, including securities, that have a realizable value sufficient to discharge the debt (including
accrued interest) in full, or (2) by the guarantee of a
financially responsible party. An asset is ‘‘in the process
of collection’’ if collection of the asset is proceeding in
due course either (1) through legal action, including
judgment enforcement procedures, or, (2) in appropriate
circumstances, through collection efforts not involving
legal action which are reasonably expected to result in
repayment of the debt or in its restoration to a current
status in the near future.
For purposes of applying the third test for nonaccrual
status listed above, the date on which an asset reaches
nonaccrual status is determined by its contractual terms.
If the principal or interest on an asset becomes due and
unpaid for 90 days or more on a date that falls between
report dates, the asset should be placed in nonaccrual
status as of the date it becomes 90 days past due and it
should remain in nonaccrual status until it meets the
criteria for restoration to accrual status described below.
In the following situations, an asset need not be placed in
nonaccrual status:
(1) The asset upon which principal or interest is due and
unpaid for 90 days or more is a consumer loan (as
defined for Schedule HC-C, item 6, ‘‘Loans to individuals for household, family, and other personal
expenditures’’) or a loan secured by a 1-to-4 family
residential property (as defined for Schedule HC-C,
item 1(c), Loans ‘‘Secured by 1-4 family residential
properties’’). Nevertheless, such loans should be
subject to other alternative methods of evaluation to
assure that the holding company’s net income is not
materially overstated. To the extent that the holding
company has elected to carry such a loan in nonaccrual status on its books, the loan must be reported as
nonaccrual in this schedule.
FR Y-9C
Schedule HC-N
March 2021
(2) For a holding company that has not adopted ASU
2016-13, the criteria for accrual of income under the
interest method specified in ASC Subtopic 310-30,
Receivables – Loans and Debt Securities Acquired
with Deteriorated Credit Quality, are met for a PCI
loan, pool of loans, or debt security accounted for in
accordance with that Subtopic, regardless of whether
the loan, the loans in the pool, or debt security had
been maintained in nonaccrual status by its seller.
(For PCI loans with common risk characteristics that
are aggregated and accounted for as a pool, the
determination of nonaccrual or accrual status should
be made at the pool level, not at the individual loan
level.) For further information, see the Glossary entry
for ″purchased credit-impaired loans and debt securities.″
(3) For a holding company that has adopted ASU 201613, the following criteria are met for a PCD asset,
including a PCD asset that was previously a PCI
asset or part of a pool of PCI assets, that would
otherwise be required to be placed in nonaccrual
status (see the Glossary entry for “nonaccrual status”):
(a) The holding company reasonably estimates the
timing and amounts of cash flows expected to be
collected, and
(b) The holding company did not acquire the asset
primarily for the rewards of ownership of the
underlying collateral, such as use of collateral in
operations of the holding company.” or improving the collateral for resale.
When a PCD asset that meets the criteria above is not
placed in nonaccrual status, the asset should be
subject to other alternative methods of evaluation to
ensure that the holding company’s net income is not
materially overstated. Further, regardless of whether
a PCD asset is in nonaccrual or accrual status, a
holding company is not permitted to accrete the
credit-related discount embedded in the purchase
price of such an asset that is attributable to the
acquirer’s assessment of expected credit losses as of
the date of acquisition (i.e., the contractual cash
flows the acquirer did not expect to collect at acquisition). Interest income should no longer be recognized on a PCD asset to the extent that the net
investment in the asset would increase to an amount
greater than the payoff amount. If a holding company
HC-N-3
Schedule HC-N
is required or has elected to carry a PCD asset in
nonaccrual status, the asset must be reported as a
nonaccrual asset at its amortized cost basis (fair
value for a PCD available-for-sale debt security) in
Schedule HC-N, column C. (For PCD assets for
which the holding company has made a policy
election to maintain previously existing pools of PCI
loans upon adoption of ASU 2016-13, the determination of nonaccrual or accrual status should be made
at the pool level, not the individual asset level.) For
further information, see the Glossary entry for “purchased credit-deteriorated assets.”
interest or an extension of the loan’s maturity date at a
stated interest rate lower than the current market rate for
new debt with similar risk, regardless of whether the loan
is secured or unsecured and regardless of whether the
loan is guaranteed by the government or by others.
For purposes of meeting the first test for restoration to
accrual status, the holding company must have received
repayment of the past due principal and interest unless, as
discussed in the Glossary entry for ‘‘nonaccrual status,’’
Once an obligation has been restructured in a troubled
debt restructuring, it continues to be considered a troubled
debt restructuring until paid in full or otherwise settled,
sold, or charged off. However, if a restructured obligation
is in compliance with its modified terms and the restructuring agreement specifies an interest rate that at the time
of the restructuring is greater than or equal to the rate that
the holding company was willing to accept for a new
extension of credit with comparable risk, the loan need
not continue to be reported as a troubled debt restructuring in calendar years after the year in which the restructuring took place. A loan extended or renewed at a stated
interest rate equal to the current interest rate for new debt
with similar risk is not considered a troubled debt
restructuring. Also, a loan to a third party purchaser of
‘‘other real estate owned’’ by the reporting holding
company for the purpose of facilitating the disposal of
such real estate is not considered a troubled debt restructuring.
(1) The asset has been formally restructured and qualifies for accrual status,
For further information, see the Glossary entry for
‘‘troubled debt restructurings.’’
(2) The asset is a purchased credit-impaired loan, pool of
loans, or debt security accounted for in accordance
with ASC Subtopic 310-30 and it meets the criteria
for accrual of income under the interest method
specified in that Subtopic,
Column Instructions
As a general rule, a nonaccrual asset may be restored to
accrual status when:
(1) None of its principal and interest is due and unpaid,
and the holding company expects repayment of the
remaining contractual principal and interest, or
(2) When it otherwise becomes well secured and in the
process of collection.
(3) The borrower has resumed paying the full amount of
the scheduled contractual interest and principal payments on a loan that is past due and in nonaccrual
status, even though the loan has not been brought
fully current, and certain repayment criteria are met.
For further information, see the Glossary entry for “nonaccrual status.”
Restructured in Troubled Debt Restructurings—A
troubled debt restructuring is a restructuring of a loan in
which a holding company, for economic or legal reasons
related to a borrower’s financial difficulties, grants a
concession to the borrower that it would not otherwise
consider. For purposes of this schedule, the concession
consists of a modification of terms, such as a reduction of
the loan’s stated interest rate, principal, or accrued
HC-N-4
Holding companies that have adopted ASU 2016-13,
report in columns A, B and C of Schedule HC-N asset
amounts without any deduction for allowances for credit
losses.
The columns of Schedule HC-N are mutually exclusive.
Any given loan, lease, debt security, or other asset should
be reported in only one of columns A, B, and C.
Information reported for any given off-balance sheet
contract should be reported in only column A or column B.
Report in columns A and B of Schedule HC-N (except for
Memorandum item 6) the balance sheet amounts (not just
delinquent payments) of loans, leases, debt securities,
and other assets that are past due and upon which the
bank continues to accrue interest, as follows:
(1) In column A, report closed-end monthly installment
loans, amortizing loans secured by real estate, lease
financing receivables, and open-end credit in arrears
Schedule HC-N
FR Y-9C
March 2021
Schedule HC-N
two or three monthly payments; other multipayment
obligations with payments scheduled other than
monthly when one scheduled payment is due and
unpaid for 30 through 89 days; single payment and
demand notes, debt securities, and other assets providing for payment of interest at stated intervals
after one interest payment is due and unpaid for
30 through 89 days; single payment notes, debt
securities, and other assets providing for payment of
interest at maturity, on which interest or principal
remains unpaid for 30 through 89 days after maturity;
unplanned overdrafts, whether or not the bank hold
company is accruing interest on them, if the account
remains continuously overdrawn for 30 through
89 days.
(2) In column B, report the loans, lease financing receivables, debt securities, and other assets as specified
above on which payment is due and unpaid for
90 days or more.
Include in columns A and B, as appropriate (except for
Memorandum item 6), all loans, leases, debt securities,
and other assets which, subsequent to their restructuring by means of a modification of terms, have become
30 days or more past due and upon which the holding
company continues to accrue interest. Exclude from
columns A and B all loans, leases, debt securities, and
other assets that are in nonaccrual status.
Report in columns A and B of Memorandum item 6 the
fair value, if positive, of all interest rate, foreign exchange
rate, equity and commodity and other derivative contracts on which a required payment by the holding
company’s counterparty is due and unpaid for 30 through
89 days and due and unpaid for 90 days or more,
respectively.
Report in column C the balance sheet amounts of loans,
leases, debt securities, and other assets that are in nonaccrual status. Include all restructured loans, leases, debt
securities, and other assets that are in nonaccrual status.
However, restructured loans, leases, debt securities, and
other assets with a zero percent effective interest rate are
not to be reported in this column as nonaccrual assets.
Item Instructions
The loan category definitions used in Schedule HC-N
correspond with the loan category definitions found in
Schedule HC-C. Consistent with Schedule HC-C, the
FR Y-9C
Schedule HC-N
September 2016
category-by-category breakdown of loans and leases in
Schedule HC-N includes (1) loans and leases held for
sale and (2) loans and leases that the reporting holding
company has the intent and ability to hold for the
foreseeable future or until maturity or payoff.
Line Item 1 Loans secured by real estate.
Report in the appropriate subitem and column all loans
secured by real estate included in Schedule HC-C, item 1,
that are past due 30 days or more or are in nonaccrual
status as of the report date. In addition, report in item 1(f),
“In foreign offices” loans and leases secured by real
estate in foreign offices that are past due 30 days or more
or are in nonaccrual status as of the report date.
Line Item 1(a) Construction, land development,
and other land loans (in domestic offices).
Report in the appropriate subitem and column the amount
of all construction, land development, and other land
loans (in domestic offices) included in Schedule HC-C,
item 1(a), column B, that are past due 30 days or more or
are in nonaccrual status as of the report date.
Line Item 1(a)(1) 1-4 family residential
construction loans.
Report in the appropriate column the amount of all 1-4
family residential construction loans (in domestic offices)
included in Schedule HC-C, item 1(a)(1), column B, that
are past due 30 days or more or are in nonaccrual status
as of the report date.
Line Item 1(a)(2) Other construction loans and all
land development and other land loans.
Report in the appropriate column the amount of all other
construction loans and all land development and other
land loans (in domestic offices) included in Schedule
HC-C, item 1(a)(2), column B, that are past due 30 days
or more or are in nonaccrual status as of the report date.
Line Item 1(b) Secured by farmland in domestic
offices.
Report in the appropriate column all loans in domestic
offices secured by farmland and improvements thereon,
included in Schedule HC-C, item 1(b) that are past due
30 days or more or are in nonaccrual status as of the
report date.
HC-N-5
Schedule HC-N
Line Item 1(c) Secured by 1–4 family residential
properties in domestic offices.
Line Item 1(d) Secured by multifamily (5 or more)
residential properties in domestic offices.
Report in the appropriate column all loans in domestic
offices secured by 1–4 family residential properties
included in Schedule HC-C, item 1(c) that are past due
30 days or more or are in nonaccrual status as of the
report date.
Report in the appropriate column all loans secured by
(5 or more) residential properties (in domestic offices)
included in Schedule HC-C, item 1(d) that are past due
30 days or more or are in nonaccrual status as of the
report date.
Line Item 1(c)(1) Revolving, open-end loans
secured by 1–4 family residential properties and
extended under lines of credit.
Line Item 1(e) Secured by nonfarm nonresidential
properties (in domestic offices).
Report in the appropriate column all loans secured by
revolving, open-end lines of credit secured by 1-to-4
family residential properties, included in Schedule HC-C,
item 1(c)(1) that are past due 30 days or more or are in
nonaccrual status as of the report date.
Line Item 1(c)(2) Closed-end loans secured by
1–4 family residential properties.
Report in the appropriate subitem and column the amount
of all closed-end loans secured by 1–4 family residential
properties (in domestic offices), included for Schedule HC-C, item 1(c)(2), column B, that are past due
30 days or more or are in nonaccrual status as of the
report date.
Line Item 1(c)(2)(a) Secured by first liens.
Report in the appropriate column the amount of all
closed-end loans secured by first liens on 1–4 family
residential properties (in domestic offices), included for
Schedule HC-C, item 1(c)(2)(a), column B, that are past
due 30 days or more or are in nonaccrual status as of the
report date.
Line Item 1(c)(2)(b) Secured by junior liens.
Report in the appropriate column the amount of all
closed-end loans secured by junior liens on 1–4 family
residential properties (in domestic offices), included for
Schedule HC-C, item 1(c)(2)(b), column B, that are past
due 30 days or more or are in nonaccrual status as of the
report date. Include loans secured by junior liens in this
item even if the holding company also holds a loan
secured by a first lien on the same 1–4 family residential
property and there are no intervening junior liens.
HC-N-6
Report in the appropriate subitem and column the amount
of all loans secured by nonfarm residential properties (in
domestic offices) included in Schedule HC-C, item 1(e),
column B, that are past due 30 days or more or are in
nonaccrual status as of the report date.
Line Item 1(e)(1) Loans secured by
owner-occupied nonfarm nonresidential properties.
Report in the appropriate column the amount of loans
secured by owner-occupied nonfarm nonresidential properties (in domestic offices) included in Schedule HC-C,
item 1(e)(1), column B, that are past due 30 days or more
or are in nonaccrual status as of the report date.
Line Item 1(e)(2) Loans secured by other nonfarm
nonresidential properties.
Report in the appropriate column the amount of loans
secured by other nonfarm nonresidential properties (in
domestic offices) included in Schedule HC-C, item
1(e)(2), column B, that are past due 30 days or more or
are in nonaccrual status as of the report date.
Line Item 1(f) Secured by loans in foreign offices.
Report in the appropriate column all loans secured by
real estate in foreign offices included in Schedule HC-C,
item 1, column A that are past due 30 days or more or are
in nonaccrual status as of the report date.
Line Item 2 Loans to depository institutions and
acceptances of other banks.
Report in the appropriate column all loans to depository
institutions and acceptances of other banks included in
Schedule HC-C, item 2 that are past due 30 days or more
or are in nonaccrual status as of the report date.
Schedule HC-N
FR Y-9C
December 2019
Schedule HC-N
Line Item 2(a) U.S. banks and other U.S.
depository institutions.
Report in the appropriate column all loans to and acceptances of U.S. banks and other depository institutions
included on Schedule HC-C, item 2(a) that are past due
30 days or more or are in nonaccrual status as of the
report date.
Line Item 2(b) Foreign banks.
Report in the appropriate column all loans to and acceptances of foreign banks included in Schedule HC-C, item
2(b) that are past due 30 days or more or are in
nonaccrual status as of the report date.
Line Item 3 Loans to finance agricultural
production and other loans to farmers.
Report in the appropriate column all loans to finance
agricultural production and other loans to farms included
in Schedule HC-C, item 3 that are past due 30 days or
more or are in nonaccrual status as of the report date.
Line Item 4 Commercial and industrial loans.
Report in the appropriate column all commercial and
industrial loans included in Schedule HC-C, item 4 that
are past due 30 days or more or are in nonaccrual status
as of the report date.
Line Item 5 Loans to individuals for household,
family, and other personal expenditures.
Report in the appropriate subitem and column the amount
of all loans to individuals for household, family, and
other personal expenditures (i.e., consumer loans)
included in Schedule HC-C, item 6, that are past due 30
days or more or are in nonaccrual status as of the report
date.
Line Item 5(a) Credit cards.
Report in the appropriate column the amount of all
extensions of credit to individuals for household, family,
and other personal expenditures arising from credit cards
included in Schedule HC-C, item 6(a), that are past due
30 days or more or are in nonaccrual status as of the
report date.
Line Item 5(b) Automobile loans.
Report in the appropriate column the amount of all
consumer loans arising from retail sales of passenger cars
FR Y-9C
Schedule HC-N
December 2019
and other vehicles such as minivans, vans, sport-utility
vehicles, pickup trucks, and similar light trucks for
personal use included in Schedule HC-C, item 6(c), that
are past due 30 days or more or are in nonaccrual status
as of the report date.
Line Item 5(c) Other consumer loans (includes
single payment, installment, all student loans, and
revolving credit plans other than credit cards).
Report in the appropriate column the amount of all other
loans to individuals for household, family, and other
personal expenditures included in Schedule HC-C, items
6(b) and 6(d), that are past due 30 days or more or are in
nonaccrual status as of the report date.
Line Item 6 Loans to foreign governments and
official institutions.
Report in the appropriate column all loans to foreign
governments and official institutions included in Schedule HC-C, item 7 that are past due 30 days or more or are
in a nonaccrual status as of the report date.
Line Item 7 All other loans.
Report in the appropriate column all loans to nondepository financial institutions and other loans included in
Schedule HC-C, item 9 that are past due 30 days or more
or are in a nonaccrual status as of the report date.
Line Item 8 Lease financing receivables (net of
unearned income).
Note: Items 8(a) and 8(b) are to be completed by HCs
with $5 billion or more in total consolidated assets.
Item 8(c) is to be reported by holding companies with
less than $5 billion in total assets.
Report in the appropriate subitem and column the amount
of all lease financing receivables (net of unearned
income) included in Schedule HC-C, item 10, that are
past due 30 days or more or are in nonaccrual status as of
the report date.
Line Item 8(a) Leases to individuals for household,
family, and other personal expenditures.
Report in the appropriate column the amount of all leases
(net of unearned income) to individuals for household,
family, and other personal expenditures included in
Schedule HC-C, item 10(a), column A, that are past due
HC-N-7
Schedule HC-N
30 days or more or are in nonaccrual status as of the
report date.
Line Item 8(b) All other leases.
Report in the appropriate column the amount of all other
leases (net of unearned income) included in Schedule
HC-C, item 10(b), column A, that are past due 30 days or
more or are in nonaccrual status as of the report date.
Line Item 8(c) Lease financing receivables.
Holding companies with less than $5 billion should
report in the appropriate column the amount of all lease
financing receivables included in Schedule HC-C,
item 10(c) that are past due 30 days or more or are in
nonaccrual status as of the report date.
Line Item 9 Total loans and leases.
For columns A through C, report the sum of items 1
through 8(b).
Line Item 10 Debt securities and other assets
(exclude other real estate owned and other
repossessed assets).
Report in the appropriate column all assets other than
loans and leases reportable in Schedule HC that are past
due 30 days or more or are in nonaccrual status as of
the report date. Include such assets as debt securities
and interest-bearing balances due from depository
institutions. Also include operating lease payments receivable that have been recorded as assets in Schedule HC,
item 11, when the operating lease is past due 30 days or
more or in nonaccrual status. Exclude other real estate
owned reportable in Schedule HC, item 7, and other
repossessed assets reportable in Schedule HC, item 11,
such as automobiles, boats, equipment, appliances, and
similar personal property.
Line Item 11 Loans and leases reported in items 1
through 8 above that are wholly or partially
guaranteed by the U.S. Government, excluding
loans and leases covered by loss-sharing agreements
with the FDIC.
Report in the appropriate column the amount of all loans
and leases reported in Schedule HC-N, items 1 through 8,
above for which repayment of principal is wholly or
partially guaranteed or insured by the U.S. Government,
including its agencies and its government-sponsored
HC-N-8
agencies, but excluding loans and leases covered by
loss-sharing agreements with the FDIC, which are
reported in Schedule HC-N, item 12, below. Examples
include loans guaranteed by the Small Business Administration and the Federal Housing Administration.
Amounts need not be reported in this item and in items
11(a) and 11(b) below if they are considered immaterial.
Exclude from this item loans and leases guaranteed or
insured by state or local governments, state or local
government agencies, foreign (non-U.S.) governments,
and private agencies or organizations. Also exclude loans
and leases collateralized by securities issued by the U.S.
Government, including its agencies and its governmentsponsored agencies.
Line Item 11(a) Guaranteed portion of loans and
leases included in item 11 above, excluding
rebooked ‘‘GNMA loans.’’
Report in the appropriate column the maximum amount
recoverable from the U.S. Government, including its
agencies and its government-sponsored agencies, under
the guarantee or insurance provisions applicable to the
loans and leases included in Schedule HC-N, item 11,
above.
Seller-servicers of GNMA loans should exclude all delinquent rebooked GNMA loans that have been repurchased
or are eligible for repurchase from this item (report such
rebooked GNMA loans in item 11(b) below). Servicers
of GNMA loans should exclude individual delinquent
loans (for which they were not the transferor) that they
have purchased out of GNMA securitizations from this
item (report such purchased GNMA loans in item 11(b)
below).
Line Item 11(b) Rebooked ‘‘GNMA loans’’ that
have been repurchased or are eligible for
repurchase included in item 11 above.
Report in the appropriate column the amount included in
HC-N, item 11, of:
(1) Delinquent rebooked GNMA loans that have been
repurchased or are eligible for repurchase by sellerservicers of GNMA loans; and
(2) Delinquent loans that have been purchased out of
GNMA securitizations by servicers of GNMA loans
that were not the transferors of the loans.
Schedule HC-N
FR Y-9C
December 2019
Schedule HC-N
Line Item 12 Loans and leases reported in items 1
through 8 above that are covered by loss-sharing
agreements with the FDIC.
Line Item 12(a)(3) Secured by 1-4 family
residential properties:
Note: Items 12(a)(1) through 12(f) are to be reported by
HCs with $5 billion or more in total assets.
Line Item 12(a)(3)(a) Revolving, open-end loans
secured by 1-4 family residential properties and
extended under lines of credit.
Report in the appropriate subitem and column the aggregate amount of all loans and leases covered by losssharing agreements with the FDIC and reported in Schedule HC-M, items 6(a)(1)(a)(1) through 6(a)(5), that have
been included in Schedule HC-N, items 1 through 8,
because they are past due 30 days or more or are in
nonaccrual status as of the report date. Amounts need not
be reported in Schedule HC-N, items 12(a)(1)(a) through
12(f), below if they are considered immaterial.
Report in the appropriate column the amount of all
covered revolving, open-end loans secured by 1-4 family
residential properties and extended under lines of credit
loans held for sale and held for investment reported in
Schedule HC-M, item 6(a)(1)(c)(1), that are included in
Schedule HC-N, item 1(c)(1), above because they are
past due 30 days or more or are in nonaccrual status as of
the report date.
Line Item 12(a) Loans secured by real estate (in
domestic offices):
Line Item 12(a)(3)(b) Closed-end loans secured by
1-4 family residential properties:
Line Item 12(a)(1) Construction, land
development, and other land loans:
Line Item 12(a)(3)(b)(1))
Line Item 12(a)(1)(a) 1-4 family residential
construction loans.
Report in the appropriate column the amount of all
covered 1-4 family residential construction loans reported
in Schedule HC-M, item 6(a)(1)(a)(1), that are included
in Schedule HC-N, item 1(a)(1), above because they are
past due 30 days or more or are in nonaccrual status as of
the report date.
Line Item 12(a)(1)(b) Other construction loans
and all land development and other land loans.
Report in the appropriate column the amount of all other
covered construction loans and all covered land development and other land loans reported in Schedule HC-M,
item 6(a)(1)(a)(2), that are included in Schedule HC-N,
item 1.a.(2), above because they are past due 30 days or
more or are in nonaccrual status as of the report date.
Secured by first liens.
Report in the appropriate column the amount of all
covered closed-end loans secured by first liens on 1-4
family residential properties reported in Schedule HC-M,
item 6(a)(1)(c)(2)(a), that are included in Schedule
HC-N, item 1(c)(2)(a), above because they are past due
30 days or more or are in nonaccrual status as of the
report date.
Line Item 12(a)(3)(b)(2) Secured by junior liens.
Report in the appropriate column the amount of all
covered closed-end loans secured by junior liens on 1-4
family residential properties reported in Schedule HC-M,
item 6(a)(1)(c)(2)(b), that are included in Schedule
HC-N, item 1(c)(2)(b), above because they are past due
30 days or more or are in nonaccrual status as of the
report date.
Line Item 12(a)(2) Secured by farmland.
Line Item 12(a)(4) Secured by multifamily (5 or
more) residential properties.
Report in the appropriate column the amount of all
covered loans secured by farmland reported in Schedule
HC-M, item 6(a)(1)(b), that are included in Schedule
HC-N, item 1(b), above because they are past due 30
days or more or are in nonaccrual status as of the report
date.
Report in the appropriate column the amount of all
covered loans secured by multifamily (5 or more) residential properties reported in Schedule HC-M, item
6(a)(1)(d), that are included in Schedule HC-N, item
1(d), above because they are past due 30 days or more or
are in nonaccrual status as of the report date.
FR Y-9C
Schedule HC-N
December 2019
HC-N-9
Schedule HC-N
Line Item 12(a)(5) Secured by nonfarm
nonresidential properties:
(7) Loans to nondepository financial institutions and
other loans included in Schedule HC-N, item 7; and
Line Item 12(a)(5)(a) Loans secured by
owner-occupied nonfarm nonresidential properties.
(8) Loans secured by real estate in foreign offices
included in Schedule HC-N, item 1(f).
Report in the appropriate column the amount of all
covered loans secured by owner-occupied nonfarm nonresidential properties reported in Schedule HC-M, item
6(a)(1)(e)(1), that are included in Schedule HC-N, item
1(e)(1), above because they are past due 30 days or more
or are in nonaccrual status as of the report date.
Also include in the appropriate column all covered lease
financing receivables included in Schedule HC-N, item 8,
above that are past due 30 days or more or are in
nonaccrual status as of the report date.
Line Item 12(a)(5)(b) Loans secured by other
nonfarm nonresidential properties.
Report in the appropriate column the amount of all
covered loans secured by other nonfarm nonresidential
properties reported in Schedule HC-M, item 6(a)(1)(e)(2),
that are included in Schedule HC-N, item 1(e)(2), above
because they are past due 30 days or more or are in
nonaccrual status as of the report date.
Line Item 12(b) through 12(d) Not applicable.
Line Item 12(e) All other loans and all leases.
Report in the appropriate column the amount of covered
loans and leases reported in Schedule HC-M, item
6(a)(5), ‘‘All other loans and all leases,’’ that are past due
30 days or more or are in nonaccrual status as of the
report date. Include in the appropriate column of this item
covered loans in the following categories that are past
due 30 days or more or are in nonaccrual status as of the
report date:
(1) Loans to depository institutions and acceptances of
other banks included in Schedule HC-N, item 2;
(2) Loans to finance agricultural production and other
loans to farmers included in Schedule HC-N, item 3;
(3) Commercial and industrial loans included in HC-N,
item 4;
(4) Loans to individuals for household, family, and other
personal expenditures included in Schedule HC-N
item 5(a), 5(b) and 5(c);
(5) Loans to foreign governments and official institutions included in Schedule HC-N, item 6;
(6) Obligations (other than securities and leases) of
states and political subdivisions in the U.S. included
in Schedule HC-N, item 7;
HC-N-10
Line Item 12(f) Portion of covered loans and
leases included in items 12.a through 12.e above
that is protected by FDIC loss-sharing agreements.
Report the maximum amount recoverable from the FDIC
under loss-sharing agreements covering the past due and
nonaccrual loans and leases reported in Schedule HC-N,
items 12(a)(1)(a) through 12(e), above beyond the amount
that has already been reflected in the measurement of the
reporting holding company’s indemnification asset, which
represents the right to receive payments from the FDIC
under the loss-sharing agreement.
In general, the maximum amount recoverable from the
FDIC on covered past due and nonaccrual loans and
leases is the recorded amount of these loans and leases, as
reported in Schedule HC-N, items 12(a)(1)(a) through
12(e), multiplied by the currently applicable loss coverage rate (e.g., 80 percent or 95 percent). This product will
normally be the maximum amount recoverable because
reimbursements from the FDIC for covered losses related
to the amount by which the ‘‘book value’’ of a covered
asset on the failed institution’s books (which is the
amount upon which payments under an FDIC losssharing agreement are based) exceeds the amount at
which the reporting holding company reports the covered
asset on Schedule HC, Balance Sheet, should already
have been taken into account in measuring the carrying
amount of the reporting holding company’s loss-sharing
indemnification asset, which is reported in Schedule
HC-F, item 6, “Other” assets.
Memoranda
Line Item M1 Loans restructured in troubled debt
restructurings included in Schedule HC-N, items 1
through 7, above.
Note: HC-N items memo 1(a)(1) through 1(d)(2) and
1(e)(3) through 1(f)(3)(c) are to be completed semiannually in June and December by HCs with less than
$5 billion total assets.
Schedule HC-N
FR Y-9C
June 2013
Schedule HC-N
Report in the appropriate subitem and column loans that
have been restructured in troubled debt restructurings (as
described in ‘‘Definitions’’ above) and are past due 30
days or more or are in nonaccrual status as of the report
date. Such loans will have been included in one or more
of the loan categories in items 1 through 7 of this
schedule. Exclude all loans restructured in troubled debt
restructurings that are in compliance with their modified
terms (report in Schedule HC-C, Memorandum item 1).
For further information, see the Glossary entry for
‘‘troubled debt restructurings.’’
Line Item M1(a) Construction, land development,
and other land loans (in domestic offices):
Line Item M1(a)(1)
1-4 family construction loans.
Report in the appropriate column all loans secured by
real estate for the purpose of constructing 1-4 family
residential properties included in item 1(a)(1) of this
schedule that have been restructured in troubled debt
restructurings and, under their modified repayment terms,
are past due 30 days or more or are in nonaccrual status
as of the report date.
Line Item M1(a)(2) Other construction loans and
all land development and other land loans.
Report in the appropriate column all construction loans
for purposes other than constructing 1-4 family residential properties, all land development loans, and all other
land loans included in item 1(a)(2) of this schedule that
have been restructured in troubled debt restructurings
and, under their modified repayment terms, are past due
30 days or more or are in nonaccrual status as of the
report date.
Line Item M1(b) Loans secured by 1-4 family
residential properties (in domestic offices).
Report in the appropriate column all loans secured by 1-4
family residential properties (in domestic offices) included
in item 1(c) of this schedule that have been restructured
in troubled debt restructurings and, under their modified
repayment terms, are past due 30 days or more or are in
nonaccrual status as of the report date.
Line Item M1(c) Loans secured by multifamily (5
or more) residential properties (in domestic offices).
Report in the appropriate column all loans secured by
multifamily (5 or more) residential properties (in domesFR Y-9C
Schedule HC-N
December 2019
tic offices) included in item 1(d) of this schedule that
have been restructured in troubled debt restructurings
and, under their modified repayment terms, are past due
30 days or more or are in nonaccrual status as of the
report date.
Line Item M1(d) Secured by nonfarm
nonresidential properties (in domestic offices)
Line Item M1(d)(1)) Loans secured by
owner-occupied nonfarm nonresidential properties.
Report in the appropriate column all loans secured by
owner-occupied nonfarm nonresidential properties
included in item 1(e)(1) of this schedule that have been
restructured in troubled debt restructurings and, under
their modified repayment terms, are past due 30 days or
more or are in nonaccrual status as of the report date.
Line Item M1(d)(2) Loans secured by other
nonfarm nonresidential properties.
Report in the appropriate column all nonfarm nonresidential real estate loans not secured by owner-occupied
nonfarm nonresidential properties included in item 1(e)(2)
of this schedule that have been restructured in troubled
debt restructurings and, under their modified repayment
terms, are past due 30 days or more or are in nonaccrual
status as of the report date.
Line Item M1(e)
Commercial and industrial loans.
Report all commercial and industrial loans included in
item 4 of this schedule that have been restructured in
troubled debt restructurings and, under their modified
repayment terms, are past due 30 days or more or are in
nonaccrual status as of the report date. Report a breakdown of these restructured loans between those to U.S.
and non-U.S. addressees for the fully consolidated holding company in Memorandum items 1(e)(1) and (2).
Line Item M1(e)(1)
To U.S. addressees (domicile).
Note: Items M1(e)(1) and M1(e)(2) are to be completed
by holding companies with $5 billion or more in total
assets. Item M1(e)(3) is to be reported by holding
companies with less than $5 billion in total assets.
Report in the appropriate column all commercial and
industrial loans to U.S. addressees included in item 4 of
this schedule that have been restructured in troubled debt
restructurings and, under their modified repayment terms,
HC-N-11
Schedule HC-N
are past due 30 days or more or are in nonaccrual status
as of the report date.
Line Item M1(e)(2)
(domicile).
To non-U.S. addressees
Report in the appropriate column all commercial and
industrial loans to non-U.S. addressees included in item 4
of this schedule that have been restructured in troubled
debt restructurings and, under their modified repayment
terms, are past due 30 days or more or are in nonaccrual
status as of the report date.
Line Item M1(e)(3) To U.S. addresses and non-U.S.
addresses (domicile).
Report in the appropriate column all commercial and
industrial loans to U.S. addresses and non U.S. addresses
included in item 4 of this schedule that have been
restructured in troubled debt restructurings and, under
their modified repayment terms, are past due 30 days or
more or are in nonaccrual status as of the report date.
Line Item M1(f)
All other loans.
Report in the appropriate column all other loans that
cannot properly be reported in Memorandum items 1(a)
through 1(e) above that have been restructured in troubled
debt restructurings and, under their modified repayment
terms, are past due 30 days or more or are in nonaccrual
status as of the report date. Include in the appropriate
column of this item all loans in the following categories
that have been restructured in troubled debt restructurings and, under their modified repayment terms, are past
due 30 days or more or are in nonaccrual status as of the
report date:
(1) Loans secured by farmland (in domestic offices)
included in Schedule HC-N, item 1.b;
(2) Loans to depository institutions and acceptances of
other banks included in Schedule HC-N, item 2;
(3) Loans to finance agricultural production and other
loans to farmers included in Schedule HC-N,
item 3;
(6) Other consumer loans included in Schedule HC-N,
items 5(c);
(7) Loans to foreign governments and official institutions included in Schedule HC-N, item 6;
(8) Obligations (other than securities and leases) of
states and political subdivisions in the U.S. included
in Schedule HC-N, item 7;
(9) Loans to nondepository financial institutions and
other loans included in Schedule HC-N, item 7; and
(10) Loans secured by real estate in foreign offices
included in Schedule HC-N, item 1(f).
Report in Schedule HC-N, Memorandum items 1(f)(1)
through 1(f)(3), each category of loans within ‘‘All other
loans’’ that have been restructured in troubled debt
restructurings and, under their modified repayment terms,
are past due 30 days or more or are in nonaccrual status
as of the report date, and the dollar amount of loans in
such category, that exceeds 10 percent of total loans
restructured in troubled debt restructurings that are past
due 30 days or more or are in nonaccrual status as of the
report date (i.e., 10 percent of the sum of Schedule
HC-N, Memorandum items 1(a) through 1(e) plus Memorandum item 1(f), columns A through C). Preprinted
captions have been provided in Memorandum items
1(f)(1) through 1(f)(3) for reporting the amount of such
restructured loans for the following loan categories if the
amount for a loan category exceeds this 10 percent
reporting threshold: Loans secured by farmland (in
domestic offices); Loans to finance agricultural production and other loans to farmers; (Consumer) credit cards
and (Consumer) automobile loans; and Other consumer
loans.
Line Item M1(g) Total loans restructured in
troubled debt restructurings inluded in Schedule
HC-N, items 1 through 7 above.
Exclude amounts reported in Memorandum item 1.f(1)
through 1.f(3) when calculating the total in Memorandum item 1.g.
(4) Consumer credit cards included in Schedule HC-N,
item 5(a);
Line Item M2 Loans to finance commercial real
estate, construction, and land development activities
included (not secured by real estate) in
Schedule HC-N, items 4 and 7, above.
(5) Consumer automobile loans included in Schedule
HC-N, item 5(b);
Report the amount of loans to finance commercial real
estate, construction, and land development activities not
HC-N-12
Schedule HC-N
FR Y-9C
December 2019
Schedule HC-N
secured by real estate that are past due 30 days or more
or are in nonaccrual status as of the report date. Such
loans will have been included in items 4 and 7 of
Schedule HC-N above. Exclude from this item all loans
secured by real estate included in item 1 of Schedule HC-N above. This item corresponds with the amounts
reported in memoranda item 2 of Schedule HC-C.
Line Item M3 Loans and leases included in
Schedule HC-N, items 1, 2, 4, 5, 6, 7, and 8
extended to non-U.S. addressees.
Report the total amount of past due and nonaccrual loans
and leases extended to customers domiciled in a foreign
country.
See the Glossary entry for ‘‘domicile’’ for the definition
of non-U.S. addressee.
Line Item M4
Not applicable.
Line Item M5
Loans and leases held for sale.
Report in the appropriate column the carrying amount of
all loans and leases classified as held for sale included in
Schedule HC, item 4(a), which are reported at the lower
of cost or fair value or at fair value under a fair value
option, that are past due 30 days or more or are in
nonaccrual status as of the report date.
Such loans and leases will have been included in one or
more of the loans and lease categories in items 1 through
8 of Schedule HC-N above and would, therefore, exclude
any loans classified as trading assets and included in
Schedule HC, item 5.
Line Item M6 Derivative contracts: Fair value of
amounts carried as assets.
Report in the appropriate column the fair value of all
credit derivative contracts (as defined for Schedule HC-L,
item 7) and all interest rate, foreign exchange rate, equity,
and commodity and other derivative contracts (as defined
for Schedule HC-L, item 11) on which a required payment by the holding company’s counterparty is past due
30 days or more as of the report date.
Line Item M7 Additions to nonaccrual assets
during the previous six months.
Report the aggregate amount of all loans, leases, debt
securities, and other assets (net of unearned income) that
have been placed in nonaccrual status during the six
months ending on the semiannual (i.e., June 30 or
December 31) report date for this item. Include those
assets placed in nonaccrual status during this six month
period that are included as of the current report date in
Schedule HC-N, column C, items 1 through 8 and 10.
Also include those assets placed in nonaccrual status
during this six month period that, before the current
semiannual report date for this item, have been sold, paid
off, charged-off, settled through foreclosure or concession of collateral (or any other disposition of the nonaccrual asset) or have been returned to accrual status. In
other words, the aggregate amount of assets placed in
nonaccrual status since the prior semiannual report date
that should be reported in this item should not be
reduced, for example, by any charge-offs or sales of such
nonaccrual assets. If a given asset is placed in nonaccrual
status more than once during the six month period ending
on the current semiannual report date, report the amount
of the asset only once.
Line Item M8 Nonaccrual assets sold during the
previous six months.
Report the total of the outstanding balances of all loans,
leases, debt securities, and other assets held in nonaccrual
status (i.e., reportable in Schedule HC-N, column C,
items 1 through 9) that were sold during the six months
ending on the semiannual (i.e., June 30 or December 31)
report date for this item. The amount to be included in
this item is the outstanding balance (net of unearned
income) of each nonaccrual asset at the time of its sale.
Do not report the sales price of the nonaccrual assets and
do not include any gains or losses from the sale. For
purposes of this item, only include those transfers of
nonaccrual assets that meet the criteria for a sale as set
Note: Memorandum items 7, 8, 9(a) and 9(b) are to be
completed semiannually in the June and December
reports only.
FR Y-9C
Schedule HC-N
March 2019
HC-N-13
Schedule HC-N
forth in ASC Topic 860, Transfers and Servicing (formerly FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, as amended). For further information,
see the Glossary entry for “Transfers of financial assets.”
Line Item M9 Purchased credit-impaired loans
accounted for in accordance with FASB ASC 310-30
(former AICPA Statement of Position 03-3).
Memorandum items 9(a) and 9(b) should be completed
only by holding companies that have not yet adopted
ASU 2016-13. Holding companies that have adopted
ASU 2016-13 should leave this item blank.
Report in the appropriate subitem and column the outstanding balance and amount of “purchased creditimpaired loans” reported as held for investment in Schedule HC-C, Memorandum items 5(a) and 5(b), respectively,
that are past due 30 days or more or are in nonaccrual
status as of the report date. The amount of such loans will
have been included by loan category in items 1 through 7
of Schedule HC-N, above. Purchased credit-impaired
loans are accounted for in accordance with ASC Subtopic
310-30, Receivables - Loans and Debt Securities Acquired
with Deteriorated Credit Quality (formerly AICPA Statement of Position 03-3, “Accounting for Certain Loans or
Debt Securities Acquired in a Transfer”). Purchased
credit-impaired loans are loans that a holding company
has purchased, including those acquired in a purchase
business combination, where there is evidence of deterioration of credit quality since the origination of the loan
and it is probable, at the purchase date, that the holding
company will be unable to collect all contractually
required payments receivable. Loans held for investment
HC-N-14
are those that the institution has the intent and ability to
hold for the foreseeable future or until maturity or payoff.
For guidance on determining the delinquency and nonaccrual status of purchased credit-impaired loans accounted
for individually and purchased credit-impaired loans with
common risk characteristics that are aggregated and
accounted for as a pool, refer to the “Definitions” section
of the Schedule HC-N instructions and the Glossary entry
for “purchased credit-impaired loans and debt securities.”
Line Item M9(a)
Outstanding balance.
Report in the appropriate column the outstanding balance
of all purchased credit-impaired loans reported as held
for investment in Schedule HC-C, Memorandum item
5(a), that are past due 30 days or more or are in
nonaccrual status as of the report date. The outstanding
balance is the undiscounted sum of all amounts, including amounts deemed principal, interest, fees, penalties,
and other under the loan, owed to the holding company at
the report date, whether or not currently due and whether
or not any such amounts have been charged off by the
holding company. However, the outstanding balance does
not include amounts that would be accrued under the
contract as interest, fees, penalties, and other after the
report date.
Line Item M9(b) Amount included in Schedule
HC-N, items 1 through 7, above.
Report in the appropriate column the amount of, i.e., the
recorded investment in, all purchased credit-impaired
loans reported as held for investment in Schedule HC-C,
Memorandum item 5(b), that are past due 30 days or
more or are in nonaccrual status as of the report date.
Schedule HC-N
FR Y-9C
December 2016
LINE ITEM INSTRUCTIONS FOR
1–4 Family Residential
Mortgage Banking Activities
Schedule HC-P
General Instructions
Schedule HC-P is to be completed by holding companies
with $5 billion on more in total assets where any of the
following residential mortgage banking activities (in
domestic offices) exceeds $10 million for two consecutive quarters:
(a) Closed-end and open-end first lien and junior lien 1-4
family residential mortgage loan originations and purchases for resale from all sources during a calendar
quarter; or
(b) Closed-end and open-end first lien and junior lien 1-4
family residential mortgage loan sales during a calendar
quarter; or
(c) Closed-end and open-end first lien and junior lien 1-4
family residential mortgage loans held for sale and held
for trading at calendar quarter-end.
For purposes of measuring 1-4 family residential mortgage banking activities and reporting on these activities
in Schedule HC-P, holding companies should include
those 1-4 family residential mortgage loans that would be
reportable as held for sale as well as those that would be
reportable as held for trading.
A holding company must complete Schedule HC-P
beginning the second quarter in which the $10 million
threshold is exceeded and continue to complete the
schedule through the end of the calendar year. Open-end
mortgage banking activities should be measured using
the ’’total commitment under the lines of credit‘‘ as
defined below. For example, if the holding company’s
closed-end and open-end first and junior lien 1-4 family
residential mortgage loan originations and purchases for
resale from all sources exceeded $10 million during the
quarter ended June 30, 2017, and the holding company’s
sales of such loans exceeded $10 million during the
quarter ended September 30, 2017, the holding company
would be required to complete Schedule HC-P in its
FR Y-9C
Schedule HC-P December 2019
September 30 and December 31, 2017, FR Y-9C reports.
The level of the holding companies mortgage banking
activities during the fourth quarter of 2017 and the first
quarter of 2018 would determine whether it would need
to complete Schedule HC-P each quarter during 2018
beginning March 31, 2018.
For purposes of Schedule HC-P, closed-end 1-4 family
residential mortgage loans are defined in Schedule HC-C,
item 1(c)(2), ‘‘Closed-end loans secured by 1-4 family
residential properties.’’ Open-end 1-4 family residential
mortgage loans are defined in Schedule HC-C, item
1(c)(1), ’’Revolving, open-end loans secured by 1-4
family residential properties and extended under lines of
credit.‘‘ These Schedule HC-C definitions also apply to
closed-end and open-end 1-4 family residential mortgage
loans that would be reportable as held for trading in
Schedule HC-D and in Schedule HC, item 5, ‘‘Trading
assets.’’
For purposes of reporting on open-end loans extended
under lines of credit in Schedule HC-P, the ‘‘total commitment under the lines of credit’’ is defined as the total
amount of the lines of credit granted to customers at the
time the open-end credits were originated. For retail and
wholesale originations of such open-end loans, the
’’principal amount funded under the lines of credit‘‘ is
defined as the initial fundings made to customers on
newly established lines of credit. For open-end loans
purchased, sold, held for sale, and repurchased or indemnified, the ‘‘principal amount funded under the lines of
credit’’ is defined as the principal balance outstanding of
loans extended under lines of credit at the transaction
date or at quarter-end, as appropriate.
Line Item 1 Retail originations during the quarter
of 1-4 family residential mortgage loans for sale.
Report the total of:
• The principal amount of retail originations of closedend first lien and junior lien 1-4 family residential
HC-P-1
Schedule HC-P
mortgage loans for resale during the calendar quarter
ending on the report date, and
• The total amount of open-end commitments under
retail originations of revolving, open-end lines of credit
secured by 1-4 family residential properties for resale
during the calendar quarter ending on the report date.
Include as retail originations those closed-end and openend 1-4 family residential mortgage loans for which the
origination and underwriting process was handled exclusively by the holding company or a consolidated subsidiary of the holding company. However, if the reporting
holding company is acting merely as a broker or agent
and forwards loan applications and supporting documentation to another party who closes or funds the loans in its
name (even if the reporting holding company has some
involvement in processing and underwriting the loans),
the reporting holding company should not report these
loans as originations or purchases in this schedule.
Exclude closed-end and open-end 1-4 family residential
mortgage loans originated or purchased for the reporting
holding company’s own loan portfolio.
Line Item 2 Wholesale originations and purchases
during the quarter of 1-4 family residential
mortgage loans for sale.
Report the total of:
• The principal amount of wholesale originations and
purchases of closed-end first lien and junior lien 1-4
family residential mortgage loans for resale during the
calendar quarter ending on the report date, and
• The total amount of open-end commitments under
wholesale originations and purchases of revolving,
open-end lines of credit secured by 1-4 family residential mortgage properties for resale during the calendar
quarter ending on the report date.
Include as wholesale originations and purchases those
closed-end and open-end 1-4 family residential mortgage
loans for resale for which the origination and underwriting process was handled in whole or in part by another
party, such as a correspondent or mortgage broker, even
if the loan was closed in the name of the holding
company or a consolidated subsidiary of the holding
company (often referred to as “table funding arrangements”). Also include acquisitions of closed-end and
open-end 1-4 family residential mortgage loans for resale
that were closed in the name of a party other than the
HC-P-2
holding company or a consolidated subsidiary of the
holding company. However, if the reporting holding
company is acting merely as a broker or agent and
forwards loan applications and supporting documentation
to another party who closes or funds the loans in its name
(even if the reporting holding company has some involvement in processing and underwriting the loans), the
reporting holding company should not report these loans
as originations or purchases in this schedule.
Exclude closed-end and open-end 1-4 family residential
mortgage loans originated or purchased for the reporting
holding company’s own loan portfolio.
Line Item 3 1-4 family residential mortgage loans
sold during the quarter.
Report the total of:
• The principal amount of closed-end first lien and junior
lien 1-4 family residential mortgage loans sold during
the calendar quarter ending on the report date, and
• The total amount of open-end commitments under
revolving, open-end lines of credit secured by 1-4
family residential mortgage properties sold during the
calendar quarter ending on the report date.
Include transfers of closed-end and open-end 1-4 family
residential mortgage loans originated or purchased for
resale from retail or wholesale sources that have been
accounted for as sales in accordance with ASC Topic
860, Transfers and Servicing (formerly FASB Statement
No. 140, Accounting for Transfers and Servicing of
Financial Assets and Extinguishments of Liabilities, as
amended), i.e., those transfers where the loans are no
longer included in the holding company’s consolidated
total assets. Also include all sales during the quarter of
closed-end and open-end 1-4 family residential mortgage
loans directly from the holding company’s loan portfolio.
For further information, see the Glossary entry for “transfers of financial assets.”
Line Item 4 1-4 family residential mortgage loans
held for sale or trading at quarter-end.
Report the total of:
• The carrying amount of closed-end first lien and junior
lien 1-4 family residential mortgage loans held for sale
or trading as of the quarter-end report date, and
• The total amount of open-end commitments under
revolving, open-end lines of credit secured by 1-4
Schedule HC-P
FR Y-9C
June 2018
Schedule HC-P
family residential properties held for sale or trading as
of the quarter-end report date.
These closed-end loans and the funded amounts under
these revolving, open-end lines of credit are included in
Schedule HC, item 4.a, ‘‘Loans and leases held for sale,’’
and in Schedule HC, item 5, ‘‘Trading assets.’’ Closedend loans held for sale should be reported at the lower of
cost or fair value or at fair value consistent with their
presentation in Schedule HC, item 4.a. Closed-end loans
held for trading should be reported at fair value consistent with their presentation in Schedule HC, item 5.
Closed-end and open-end 1-4 family residential mortgage loans held for sale or trading at quarter-end include
any mortgage loans transferred at any time from the
holding company’s loan portfolio to a held-for-sale
account or a trading account that have not been sold by
quarter-end.
Line Item 5 Noninterest income for the quarter
from the sale, securitization, and servicing of 1-4
family residential mortgage loans.
Report the noninterest income earned during the calendar
quarter ending on the report date from the sale, securitization, and servicing of closed-end 1-4 family residential
mortgage loans and revolving, open-end lines of credit
secured by 1-4 residential properties. Include the portion
of the consolidated holding company’s “Trading revenue,” “Net servicing fees,” “Net securitization income,”
and “Net gains (losses) on sales of loans and leases”
(items 5(c), 5(f), 5(g), and 5(i) of Schedule HI) earned
during the quarter that is attributable to closed-end and
open-end 1-4 family residential mortgage loans.
Line Item 6 Repurchases and indemnifications of
1-4 family residential mortgage loans during the
quarter.
As a result of its 1-4 family residential mortgage banking
activities, a holding company may be obligated to repurchase mortgage loans that it has sold or otherwise
indemnify the loan purchaser against loss because of
borrower defaults, loan defects, other breaches of representations and warranties, or for other reasons.
Report the total of:
• The total principal amount outstanding as of the date of
repurchase or the date of indemnification, as appropriate, of closed-end first lien and junior lien 1-4 family
residential mortgage loans previously sold by the bank
or a consolidated subsidiary subject to an obligation to
FR Y-9C
Schedule HC-P
June 2018
repurchase or indemnify that have been repurchased or
indemnified during the calendar quarter ending on the
report date, and
• The total amount of open-end commitments under
revolving, open-end lines of credit secured by 1-4
family residential properties as of the date of repurchase or the date of indemnification, as appropriate,
that have been repurchased or indemnified during the
calendar quarter ending on the report date.
Do not reduce this amount by any third-party indemnifications or reimbursements that the holding company has
received.
Repurchased 1-4 family residential mortgage loans
include loans that the holding company (or a consolidated subsidiary) had sold but subsequently repurchased
under repurchase obligation provisions of the sales agreement because of a delinquency, noncompliance with the
sellers’ representations and warranties, fraud or misrepresentation, or any other contractual requirement. Exclude
1-4 family residential mortgage loans that have been
repurchased solely at the discretion of the holding company (such as delinquent mortgage loans backing GNMA
mortgage-backed securities), i.e., where the sales agreement contains a repurchase option (which may be conditional), but not a repurchase obligation.
Indemnifications of 1-4 family residential mortgage loans
are limited to reimbursements to loan purchasers or other
third parties for credit losses on loans that the holding
company (or a consolidated subsidiary) has sold. Include
reimbursements made on loans where the holding company has agreed with the purchaser or other third party
not to repurchase the loan as required under the sales
agreement, but rather to guarantee that no credit loss is
sustained. Indemnifications also include loans for which
payments have been made by the holding company (or a
consolidated subsidiary) to purchasers or other third
parties as reimbursements for deficiency balances arising
from sales of real estate collateral (whether or not
foreclosed) on loans that the holding company (or a
consolidated subsidiary) has sold. Exclude indemnification arrangements that are limited to reimbursements of
legal fees or administrative costs.
Line Item 7 Representation and warranty reserves
for 1-4 family residential mortgage loans sold.
When an institution sells or securitizes mortgage loans, it
typically makes certain representations and warranties to
HC-P-3
Schedule HC-P
the investors or other purchasers of the loans at the time
of the sale and to financial guarantors of the loans sold.
The specific representations and warranties may relate to
the ownership of the loan, the validity of the lien securing
the loan, and the loan’s compliance with specified underwriting standards. Under ASC Subtopic 450-20, Contingencies - Loss Contingencies (formerly FASB Statement
No. 5, “Accounting for Contingencies”), an institution is
required to accrue loss contingencies relating to the
representations and warranties made in connection with
their mortgage securitization activities and mortgage loan
sales when it is probable that a loss has been incurred and
the amount of the loss can be reasonably estimated.
Report in the appropriate subitem the amount of representation and warranty reserves included in Schedule HC-G,
“Other liabilities,” that the institution maintains for 1-4
family residential mortgage loans sold, including those
mortgage loans transferred in securitizations accounted
for as sales.
Amounts reported in Schedule HC-P, items 7(a) and 7(b),
will not be made available to the public on an individual
institution basis. Amounts reported in Schedule HC-P,
item 7(c), will be publicly available.
Line Item 7(a) For representations and warranties
made to U.S. Government agencies and
Government-sponsored agencies.
Report the amount of reserves that the institution maintains for representations and warranties made to U.S.
HC-P-4
Government agencies and Government-sponsored agencies in connection with sales of 1-4 family residential
mortgage loans, including mortgage loans transferred in
securitizations accounted for as sales.
U.S. Government agencies and Government-sponsored
agencies include, but are not limited to, such agencies as
the Government National Mortgage Association
(GNMA), the Federal Home Loan Mortgage Corporation
(FHLMC), and the Federal National Mortgage Association (FNMA).
Line Item 7(b) For representations and warranties
made to other parties.
Report the amount of reserves that the institution maintains for representations and warranties made to parties
other than U.S. Government agencies and Governmentsponsored agencies in connection with sales of 1-4
family residential mortgage loans, including mortgage
loans transferred in securitizations accounted for as sales.
Line Item 7(c) Total representation and warranty
reserves.
Report the sum of items 7(a) and 7(b).
Schedule HC-P
FR Y-9C
December 2013
LINE ITEM INSTRUCTIONS FOR
Assets and Liabilities Measured at
Fair Value on a Recurring Basis
Schedule HC-Q
General Instructions
Schedule HC-Q is required to be completed only by
holding companies with $5 billion on more in total assets
that:
(1) Have elected to report financial instruments or servicing assets and liabilities at fair value under a fair
value option with changes in fair value recognized in
earnings or
(2) Are required to complete Schedule HC-D, Trading
Assets and Liabilities, i.e., reported total trading
assets of $10 million or more in any of the four
preceding calendar quarters.
Your holding company is not required to complete Schedule HC-Q if the only financial instruments that your
holding company measures at fair value in the financial
statements on a recurring basis are:
(1) Available-for-sale debt securities (reported in Schedule HC, item 2.b), and
(2) Equity securities with readily determinable fair values not held for trading (reported in Schedule HC,
item 2.c), and
(3) Equity securities and other equity investments that do
not have readily determinable fair values that your
holding company measures at fair value (i.e., equity
securities and other equity investments that do not
have readily determinable values that your holding
company has not elected to measure at cost minus
impairment, if any, plus or minus changes resulting
from observable price changes in orderly transactions
for the identical or a similar investment of the same
issuer) (reported in Schedule HC, item 9, or Schedule HC-F, item 4, as appropriate).
A holding company that is required to complete Schedule HC-Q should report all assets and liabilities that are
measured at fair value in the financial statements on a
FR Y-9C
Schedule HC-Q
December 2020
recurring basis. Exclude from Schedule HC-Q those
assets and liabilities that are measured at fair value on a
nonrecurring basis. Recurring fair value measurement of
assets or liabilities are those fair value measurements that
applicable accounting standards and these instructions
require or permit in the balance sheet at the end of each
reporting period. In contrast, nonrecurring fair value
measurements of asset or liabilities are those fair value
measurements that applicable accounting standards and
these instructions require or permit in the balance sheet in
particular circumstances (for example, when an institution subsequently measures foreclosed real estate at the
lower of cost or fair value less estimated costs to sell).
Column Instructions
Column A, Total Fair Value Reported on Schedule HC
Report in Column A the total fair value, as defined by
ASC Topic 820, Fair Value Measurements, of those
assets and liabilities reported on Schedule HC, Balance
Sheet, that the holding company reports at fair value on a
recurring basis.
Columns B through E, Fair Value Measurements and
Netting Adjustments
For items reported in Column A, report in Columns C, D,
and E the fair value amounts which fall in their entirety in
Levels 1, 2, and 3, respectively. The level in the fair value
hierarchy within which a fair value measurement in its
entirety falls should be determined based on the lowest
level input that is significant to the fair value measurement in its entirety. Thus, for example, if the fair value of
an asset or liability has elements of both Level 2 and
Level 3 measurement inputs, report the entire fair value
of the asset or liability in Column D or Column E based
on the lowest level measurement input with the most
significance to the fair value of the asset or liability in its
entirety as described in ASC Topic 820. For assets and
liabilities that the holding company has netted under
HC-Q-1
Schedule HC-Q
legally enforceable master netting agreements in accordance with ASC Subtopic 210-20, Balance Sheet–
Offsetting, report the gross amounts in Columns C, D,
and E and the related netting adjustment in Column B.
For more information on Level 1, 2, and 3 measurement
inputs, see the Glossary entry for “fair value.”
ASC Topic 820 permits a holding company, as a practical
expedient, to measure the fair value of investments in
investment companies and real estate funds that meet
criteria specified in this topic using the investment’s net
asset value (NAV) per share (or its equivalent). When a
holding company has elected to measure the fair value of
such an investment using the NAV per share practical
expedient and the fair value is measured on a recurring
basis, the holding company should report the investment’s fair value in column A of the appropriate asset
item of Schedule HC-Q. However, the holding company
should exclude the investment from the Level 1, 2, and 3
disclosures in columns C, D, and E of Schedule HC-Q.1
Instead, the holding company should report the fair value
measured using the NAV per share practical expedient in
column B along with the netting adjustments reported in
column B. In contrast, for an investment measured at fair
value on a recurring basis that meets the criteria specified
in Topic 820, if the holding company does not elect to
measure fair value using the NAV per share practical
expedient, it should report the investment’s fair value in
column A of Schedule HC-Q and disclose this fair value
in column C, D, or E, as appropriate, based on the lowest
level input that is significant to the fair value measurement in its entirety.
Item Instructions
For each item in Schedule HC-Q, the sum of columns C,
D, and E less column B must equal column A.
Line Item 1 Available-for-sale debt securities and
equity securities with readily determinable fair
values not held for trading purposes.
Report in column A the sum of Schedule HC, items 2(b)
and 2(c).
Report in columns B through E, as appropriate, the fair
values of the debt and equity securities reported in
column A determined using Level 1, Level 2, and Level 3
measurement inputs and any netting adjustments.
Line Item 2 Federal funds sold and securities
purchased under agreements to resell.
Report in the appropriate column the total fair value of
those federal funds sold and securities purchased under
agreements to resell reported in Schedule HC, items 3.a
and 3.b, that the holding company has elected to report
under the fair value option; the fair values determined
using Level 1, Level 2, and Level 3 measurement inputs;
and any netting adjustments.
Line Item 3 Loans and leases held for sale.
Report in the appropriate column the total fair value of
those loans held for sale reported in Schedule HC-C, that
the holding company has elected to report under the fair
value option; the fair values determined using Level 1,
Level 2, and Level 3 measurement inputs; and any
netting adjustments. Loans held for sale that the holding
company has elected to report under the fair value option
are included in Schedule HC-C and Schedule HC, item
4(a). Exclude loans held for sale that are reported at the
lower of cost or fair value in Schedule HC, item 4(a), and
loans that have been reported as trading assets in Schedule HC, item 5. Leases are generally not eligible for the
fair value option.
Line Item 4 Loans and leases held for investment.
Report in the appropriate column the total fair value of
those loans held for investment reported in Schedule
HC-C that the holding company has elected to report
under the fair value option; the fair values determined
using Level 1, Level 2, and Level 3 measurement inputs;
and any netting adjustments. Loans held for investment
that the holding company has elected to report under the
fair value option are included in Schedule HC-C and
Schedule HC, item 4(b). Leases are generally not eligible
for the fair value option.
Line Item 5 Trading assets:
1. Refer to Accounting Standards Update (ASU) No. 2015-07, “Disclosures for Investments in Certain Entities That Calculate Net Asset Value
per Share (or Its Equivalent),” which removes the requirement to categorize within the fair value hierarchy all investments for which fair value is
measured using the NAV per share (or its equivalent) practical expedient
described in ASC Topic 820.
HC-Q-2
Line Item 5(a) Derivative assets.
Report in the appropriate column the total fair value of
derivative assets held for trading purposes as reported in
Schedule HC, item 5; the fair values determined using
Schedule HC-Q
FR Y-9C
December 2020
Schedule HC-Q
Level 1, Level 2, and Level 3 measurement inputs; and
any netting adjustments.
Line Item 5(b) Other trading assets.
Report in the appropriate column the total fair value of all
trading assets, except for derivatives, as reported in
Schedule HC, item 5; the fair values determined using
Level 1, Level 2, and Level 3 measurement inputs,
including the fair values of loans that have been reported
as trading assets; and any netting adjustments.
Line Item 5(b)(1) Nontrading securities at fair
value with changes in fair value reported in current
earnings.
Report in the appropriate column the total fair value of
those securities the holding company has elected to
report under the fair value option that is included in
Schedule HC-Q, item 5(b) above; the fair values determined using Level 1, Level 2, and Level 3 measurement
inputs; and any netting adjustments. For purposes of the
Consolidated Financial Statements for Holding Companies, all debt securities within the scope of ASC Topic
320, Investments-Debt Securities, that a holding company has elected to report at fair value under a fair value
option should be classified as trading securities.
Line Item 6 All other assets.
Report in the appropriate column the total fair value of all
other assets that are required to be measured at fair value
on a recurring basis or that the holding company has
elected to report under the fair value option that is
included in Schedule HC, Balance Sheet, and is not
reported in Schedule HC-Q, items 1 through 5 above; the
fair values determined using Level 1, Level 2, and Level
3 measurement inputs; and any netting adjustments.
Include derivative assets held for purposes other than
trading, interest-only strips receivable (not in the form of
a security) held for purposes other than trading, servicing
assets measured at fair value under fair value option, and
other categories of assets measured at fair value on the
balance sheet on a recurring basis under applicable
accounting standards.
Exclude servicing assets initially measured at fair value,
but subsequently measured using the amortization method,
and other real estate owned (which are subject to fair
value measurement on a nonrecurring basis).
FR Y-9C
Schedule HC-Q
June 2020
Line Item 7 Total assets measured at fair value on
a recurring basis.
Report the sum of items 1 through 5(b) plus item 6.
Line Item 8 Deposits.
Report in the appropriate column the total fair value of
those deposits reported in Schedule HC, items 13(a) and
13(b), that the holding company has elected to report
under the fair value option; the fair values determined
using Level 1, Level 2, and Level 3 measurement inputs;
and any netting adjustments. Deposits withdrawable on
demand (e.g., demand and savings deposits in domestic
offices) are generally not eligible for the fair value option.
Line Item 9 Federal funds purchased and
securities sold under agreements to repurchase.
Report in the appropriate column the total fair value of
those federal funds purchased and securities sold under
agreements to repurchase reported in Schedule HC, items
14(a) and 14(b), that the holding company has elected to
report under the fair value option; the fair values determined using Level 1, Level 2, and Level 3 measurement
inputs; and any netting adjustments.
Line Item 10 Trading liabilities:
Line Item 10(a) Derivative liabilities.
Report in the appropriate column the total fair value of
derivative liabilities held for trading purposes as reported
in Schedule HC, item 15; the fair values determined
using Level 1, Level 2, and Level 3 measurement inputs;
and any netting adjustments.
Line Item 10(b) Other trading liabilities.
Report in the appropriate column the total fair value of
trading liabilities, except for derivatives, as reported in
Schedule HC, item 15; the fair values determined using
Level 1, Level 2, and Level 3 measurement inputs; and
any netting adjustments.
Line Item 11 Other borrowed money.
Report in the appropriate column the total fair value of
those Federal Home Loan Bank advances and other
borrowings reported in Schedule HC, item 16, that the
holding company has elected to report under the fair
value option; the fair values determined using Level 1,
Level 2, and Level 3 measurement inputs; and any
netting adjustments.
HC-Q-3
Schedule HC-Q
Line Item 12 Subordinated notes and debentures.
Report in the appropriate column the total fair value of
those subordinated notes and debentures (including mandatory convertible debt) reported in Schedule HC, item
19, that the holding company has elected to report under
the fair value option; the fair values determined using
Level 1, Level 2, and Level 3 measurement inputs; and
any netting adjustments.
exceed 50 characters in length (including spacing between
words).
Preprinted captions have been provided for the following
categories of all other assets:
• Memorandum item 1(a), “Mortgage servicing assets,”
and
• Memorandum item 1(b), “Nontrading derivative assets.”
Line Item 13 All other liabilities.
Line Item M2
Report in the appropriate column the total fair value of all
other liabilities that are required to be measured at fair
value on a recurring basis or that the holding company
has elected to report under the fair value option that is
included in Schedule HC, Balance Sheet, and is not
reported in Schedule HC-Q, items 8 through 12 above;
the fair values determined using Level 1, Level 2, and
Level 3 measurement inputs; and any netting adjustments.
Disclose in Memorandum items 2(a) through 2(f) each
component of all other liabilities, and the dollar amount
of such component, that is greater than $100,000 and
exceeds 25 percent of the amount reported in Schedule
HC-Q, item 13, column A. For each component of all
other liabilities that exceeds this disclosure threshold for
which a preprinted caption has not been provided in
Memorandum items 2(a) and 2(b), describe the component with a clear but concise caption in Memorandum
items 2(c) through 2(f). These descriptions should not
exceed 50 characters in length (including spacing between
words).
Include derivative liabilities held for purposes other than
trading, servicing liabilities measured at fair value under
a fair value option, and other categories of liabilities
measured at fair value on the balance sheet on a recurring
basis under applicable accounting standards.
All other liabilities.
Preprinted captions have been provided for the following
categories of all other liabilities:
Exclude servicing liabilities initially measured at fair
value, but subsequently measured using the amortization
method (which are subject to fair value measurement on
a nonrecurring basis).
• Memorandum item 2(a), “Loan commitments (not
accounted for as derivatives),” and
Line Item 14 Total liabilities measured at fair
value on a recurring basis.
Note: Memorandum items 3 and 4 are to be completed by
holding companies that have elected to measure loans
included in HC-C at Fair Value under a Fair Value
option.
Report the sum of items 8 through 13.
• Memorandum item 2(b), “Nontrading derivative
liabilities.”
Memoranda
Line Item M1
All other assets.
Disclose in Memorandum items 1(a) through 1(f) each
component of all other assets, and the dollar amount of
such component, that is greater than $100,000 and
exceeds 25 percent of the amount reported in Schedule
HC-Q, item 6, column A. For each component of all
other assets that exceeds this disclosure threshold for
which a preprinted caption has not been provided in
Memorandum items 1(a) and 1(b), describe the component with a clear but concise caption in Memorandum
items 1(c) through 1(f). These descriptions should not
HC-Q-4
Line Item M3
Loans measured at fair value.
Report in the appropriate subitem the total fair value of
all loans measured at fair value under a fair value option
and included in Schedule HC-C, regardless of whether
the loans are held for sale or held for investment.
Line Item M3(a)
Loans secured by real estate.
Report the total fair value of loans secured by real estate
included in Schedule HC-C, item 1, measured at fair
value under a fair value option.
Schedule HC-Q
FR Y-9C
March 2017
Schedule HC-Q
Line Item M3(a)(1) Secured by 1–4 family
residential properties.
Report the total fair value of all open-end and closed-end
loans secured by 1–4 family residential properties (as
defined for Schedule HC-C, item 1(c)) (in domestic
offices) included in Schedule HC-C, item 1, measured at
fair value under a fair value option.
Line Item M3(a)(2)
estate.
All other loans secured by real
Report the total fair value of all other loans secured by
real estate (as defined for Schedule HC-C, items 1(a),
1(b), 1(d), and 1(e) included in Schedule HC-C, item 1,
measured at fair value under a fair value option.
Line Item M3(b)
Commercial and industrial loans.
Line Item M4 Unpaid principal balance of loans
measured at fair value (reported in HC-Q
Memorandum item 3).
Report in the appropriate subitem the total unpaid principal balance outstanding for all loans measured at fair
value reported in Schedule HC-Q, Memorandum item 3.
Line Item M4(a) Loans secured by real estate.
Report the total unpaid principal balance outstanding for
all loans secured by real estate reported in Schedule
HC-Q, Memorandum items 3(a)(1) and 3(a)(2) .
Line Item M4(a)(1) Secured by 1–4 family
residential properties.
Report the total unpaid principal balance outstanding for
all loans secured by 1–4 family residential properties
reported in Schedule HC-Q, Memorandum item 3(a)(1).
Line Item M4(a)(2)
estate.
All other loans secured by real
Report the total fair value of commercial and industrial
loans included in Schedule HC-C, item 4, measured at
the fair value under a fair value option.
Report the total unpaid principal balance outstanding for
all other loans secured by real estate reported in Schedule
HC-Q, Memorandum Item 3(a)(2).
Line Item M3(c) Loans to individuals for
household, family, and other personal expenditures.
Line Item M4(b) Commercial and industrial loans.
Report the total unpaid principal balance outstanding for
all commercial and industrial loans reported in Schedule
HC-Q, Memorandum item 3(b).
Report the total fair value of all loans to individuals for
household, family, and other personal expenditures
(included in Schedule HC-C, items 6(a) through 6(d))
measured at fair value under a fair value option.
Line Item M3(d)
Other loans.
Report the total fair value of all other loans measured at
fair value under a fair value option that cannot properly
be reported in one of the preceding subitems of this
Memorandum item 3. Such loans include “Loans to
depository institutions and acceptances of other banks,”
“Loans to finance agricultural production and other loans
to farmers,” “Loans to foreign governments and official
institutions,” “Obligations (other than securities and
leases) of states and political subdivisions in the U.S.,”
and “Other loans” (as defined for Schedule HC-C,
items 2, 3, 7, and 9).
FR Y-9C
Schedule HC-Q
June 2018
Line Item M4(c) Loans to individuals for
household, family, and other personal expenditures.
Report the total unpaid principal balance outstanding for
all loans to individuals for household, family, and other
personal expenditures reported in Schedule HC-Q, Memorandum item 3(c).
Line Item M4(d) Other loans.
Report the total unpaid principal balance outstanding for
all loans reported in Schedule HC-Q, Memorandum item
3(d). Such loans include “Loans to depository institutions
and acceptances of other banks,” “Loans to finance
agricultural production and other loans to farmers,”
“Loans to foreign governments and official institutions,”
“Obligations (other than securities and leases) of states
and political subdivisions in the U.S.,” and “Other loans”
(as defined for Schedule HC-C, items 2, 3, 7, 8, and 9).
HC-Q-5
LINE ITEM INSTRUCTIONS FOR
Regulatory Capital
Schedule HC-R
General Instructions for HC-R
Community Bank Leverage Ratio (CBLR)
Framework:
The instructions for Schedule HC-R, Parts I and II,
should be read in conjunction with the revised regulatory
capital rules issued by the Board on July 2, 2013. 12 CFR
Part 217.
Opt-in to the CBLR framework
Schedule HC-R, Part I Regulatory Capital
Components and Ratios
General Instructions for Part I
Schedule HC-R, part I, has two columns for items 11
through 19. Items 11 through 19 in column A is to be
completed by non-advanced approaches holding companies (including holding companies subject to Category III
capital standards1) and and items 11 through 19 in
column B are to be completed by advanced approaches
holding companies.2
1. Category III holding company include institutions, which are not
advanced approaches holding companies, that have (1) at least $250 billion
in average total consolidated assets or (2) at least $100 billion in average
total consolidated assets and at least $75 billion in average total nonbank
assets, average weighted short-term wholesale funding; or average offbalance sheet exposure.
2. A holding company that is subject to the advanced approaches capital
rule (i.e., an advanced approaches institution as defined in the Board’s
capital rules) is (i) global systemically important bank holding company, as
identified pursuant to 12 CFR 217.402; (ii) a Category II institution; (iii) is
a subsidiary of a holding company that uses the advanced approaches
pursuant to 12 CFR part 217 (Board) to calculate its risk-based capital
requirements; or (iv) a holding company that elects to use the advanced
approaches to calculate its risk-based capital requirements.
Category II institutions include institutions with (1) at least $700 billion
in total consolidated assets or (2) at least $75 billion in cross-jurisdictional
activity and at least $100 billion in total consolidated assets. In addition,
FR Y-9C
Schedule HC-R
March 2021
A qualifying holding company may opt in to use the
CBLR framework. Qualifying holding companies opt
into and out of the CBLR framework through their
FR Y-9C. A qualifying holding company that opts into
the CBLR framework (electing holding company) must
complete Schedule HC-R, Part I, items 1 through 36, and
can make that election on Schedule HC-R, Part I,
item 31.a. A qualifying holding company can opt out of
the CBLR framework by completing Schedule HC-R,
Part I and Part II, excluding Schedule HC-R, Part I,
items 32 through 36. However, the Board may disallow
an otherwise qualifying holding company use of the
CBLR framework based on the Board’s evaluation of the
risk profile of the holding company.
On April 23, 2020, the federal banking agencies published two interim final rules to provide temporary relief
to community banking organizations with respect to the
CBLR framework, and the final rule became effective
November 9, 2020, with no changes to the interim final
rules. The final rule provides community banking organizations with a clear and gradual transition, by January 1,
2022, back to the greater than 9 percent leverage ratio
qualifying criterion previously established by the agencies. The other qualifying criteria in the CBLR framework have not been modified by the final rule.
A qualifying holding company with a leverage ratio that
exceeds the applicable leverage ratio requirement and
opts into the CBLR framework shall be considered to
have met: (i) the generally applicable risk-based and
leverage capital requirements in the agencies’ capital
rules; (ii) the capital ratio requirements to be considered
depository institution subsidiaries of Category II institutions are considered Category II institutions.
HC-R-1
Schedule HC-R
well capitalized under the Board’s prompt corrective
action (PCA) framework; and (iii) any other applicable
capital or leverage requirements.3
Transition Provisions — Under the provisions of the
transition interim final rule, a holding company may
qualify for the CBLR framework if its leverage ratio is
greater than 8.5 percent in calendar year 2021, and
greater than 9 percent in calendar year 2022 and thereafter, and it meets the qualifying criteria: it has less than
$10 billion in total consolidated assets (Schedule HC-R,
Part I, item 32); is not part of an advanced approaches
banking organization; has total trading assets and trading
liabilities of 5 percent or less of total consolidated assets
(Schedule HC-R, Part I, item 33); and has total offbalance sheet exposures (excluding derivatives other than
sold credit derivatives and unconditionally cancelable
commitments) of 25 percent or less of total consolidated
assets (Schedule HC-R, Part I, item 34). Also, the
two-quarter grace period for a qualifying holding company will take into account the graduated increase in the
community bank leverage ratio requirement qualifying
criterion. In order to maintain eligibility for the CBLR
framework during the transition period, a holding company’s leverage ratio cannot fall more than one percentage point below the community bank leverage ratio
requirement qualifying criterion.
Table 1 – Schedule of Community Bank Leverage
Ratio Requirements
Community
Bank
Leverage Ratio
(percent)
Minimum Leverage
Ratio under the
Applicable Grace
Period (percent)
2021
>8.5
>7.5
2022
>9.0
>8.0
Calendar
Year
Community Bank Leverage Ratio (CBLR) Framework in
Calendar Year 2022 and Thereafter
In general, a holding company may qualify for the CBLR
framework if its leverage ratio is greater than 9 percent
(as reported in Schedule HC-R, Part I, item 31); it has
less than $10 billion in total consolidated assets (Schedule HC-R, Part I, item 32); is not an advanced approaches
3. 12 CFR 217 (Board).
HC-R-2
holding company; has total trading assets and trading
liabilities of 5 percent or less of total consolidated assets
(Schedule HC-R, Part I, item 33); and has total offbalance sheet exposures (excluding derivatives other than
sold credit derivatives and unconditionally cancelable
commitments) of 25 percent or less of total consolidated
assets (Schedule HC-R, Part I, item 34).
Ceasing to Meet the Leverage Ratio Requirement under
the CBLR Framework or Failing to Meet any of the
Other CBLR Qualifying Criteria
A qualifying holding company that temporarily fails to
meet any of the qualifying criteria, including the applicable leverage ratio requirement, generally would still be
deemed well-capitalized so long as the holding company
maintains a leverage ratio that does not fall more than
one percentage point below the leverage ratio requirement during the two-quarter grace period. At the end of
the grace period (see below for an example), the holding
company must meet all qualifying criteria to remain in
the CBLR framework or otherwise must apply and report
under the generally applicable rule. Similarly, a holding
company with a leverage ratio that does not fall more
than one percentage point below the leverage ratio
requirement during the two-quarter grace period is not
eligible for the grace period and must comply with the
generally applicable rule, by completing all of Schedule HC-R, Parts I and II, as applicable, excluding HC-R,
Part I, items 32 through 36.
Under the CBLR framework, the grace period will begin
as of the end of the calendar quarter in which the CBLR
electing holding company ceases to satisfy any of the
qualifying criteria and has a maximum period of two
consecutive calendar quarters. For example, if the CBLR
electing holding company had met all of the qualifying
criteria as of March 31, 2020, but no longer meets one of
the qualifying criteria as of May 15, 2020, and still does
not meet the criteria as of the end of that quarter, the
grace period for such a holding company will begin as of
the end of the quarter ending June 30, 2020. The holding
company may continue to use the CBLR framework as of
September 30, 2020, but will need to comply fully with
the generally applicable capital rule (including the associated reporting requirements) as of December 31, 2020,
unless the holding company once again meets all qualifying criteria of the CBLR framework, including the leverage ratio, had met all of the qualifying criteria as of
March 31, 2020, but before that time.
Schedule HC-R
FR Y-9C
March 2021
Schedule HC-R
If a CBLR electing holding company is in the grace
period when the required community bank leverage ratio
increases, the holding company would be subject, as of
the date of that change, to both the higher community
bank leverage ratio requirement and higher grace period
leverage ratio requirement. For example, if a CBLR
electing holding company that had met all of the qualifying criteria as of September 30, 2020, has a 7.2 percent
community bank leverage ratio (but meets all of the other
qualifying criteria) as of December 31, 2020, the grace
period for such an holding company will begin as of the
end of the fourth quarter of 2020. The holding company
may continue to use the CBLR framework as of March 31,
2021, if the holding company has a leverage ratio of
greater than 7.5 percent, and will need to comply fully
with the generally applicable capital rule (including the
associated Schedule HC-R reporting requirements) as of
June 30, 2021, unless the holding company has a leverage ratio of greater than 8.5 percent (and meets all of the
other qualifying criteria) by that date. In this example, if
the holding company has a leverage ratio equal to or less
than 7.5 percent as of March 31, 2021, it would not be
eligible to use the CBLR framework and would be
subject immediately to the requirements of the generally
applicable capital rule.
3-Year and 5-Year 2020 CECL Transition Provisions
In 2019, the federal banking agencies issued a final rule
that, among other provisions, revised the agencies’ regulatory capital rule and included a transition option that
allows holding companies to phase in over a 3-year
transition period the day-one effects of adopting the
current expected credit losses methodology (CECL) on
their regulatory capital ratios (2019 CECL rule).
In 2020, the agencies issued a final rule that provides
holding companies that implement CECL during the
2020 calendar year the option to delay for two years an
estimate of CECL’s effect on regulatory capital, relative
to the incurred loss methodology’s effect on regulatory
capital, followed by a 3-year transition period, thereby
resulting in a 5-year transition period (2020 CECL rule).
Eligibility for, and Transition Period under, the 3-Year
CECL Transition
A holding company is eligible to use the 3-Year CECL
transition provision if it experiences a reduction in
retained earnings due to CECL adoption as of the beginning of the fiscal year in which the holding company
adopts CECL. The transition period under the 3-year
FR Y-9C
Schedule HC-R
March 2021
CECL transition provision means the three-year period
beginning the first day of the fiscal year in which a
holding company adopts CECL and reflects CECL in its
first FR Y-9C filed after that date.
A holding company that is eligible to use the 3-year
CECL transition provision may elect to phase in the
regulatory capital impact of adopting CECL over a
3-year transition period (a 3-year CECL electing holding
company). A 3-year CECL electing holding company is
required to begin applying the 3-year CECL transition
provision as of the electing holding company’s CECL
adoption date. A 3-year CECL electing holding company
must indicate in Schedule HC-R, Part I, item 2.a, its
election to use the 3-year CECL transition provision and
must report the transitional amounts, as defined below
and as applicable, in the affected items of Schedule HC-R, adjusted for the transition provisions, beginning in the FR Y-9C for the quarter in which the holding
company first reports its credit loss allowances as measured under CECL.
A holding company that does not elect to use the 3-year
CECL transition provision in the FR Y-9C for the quarter
in which it first reports its credit loss allowances as
measured under CECL is not permitted to make an
election in subsequent reporting periods and is required
to reflect the full effect of CECL in its regulatory capital
ratios beginning as of the holding company’s CECL
adoption date.
A holding company that initially elects to use the 3-year
CECL transition provision, but opts out of this transition
provision in a subsequent reporting period, is not permitted to resume using the 3-year CECL transition provision
at a later date within the 3-year transition period. A
holding company may opt out of applying the transition
provision by reflecting the full impact of CECL on
regulatory capital in FR Y-9C Schedule HC-R.
Eligibility for the 5-Year 2020 CECL Transition
A holding company is eligible to use the 5-Year
2020 CECL transition provision if it adopts CECL under
U.S. GAAP as of the first day of a fiscal year that begins
during the 2020 calendar year and:
(1) Reports a decrease in retained earnings immediately
upon adoption of CECL; or
(2) Would report a positive modified CECL transitional
amount (as defined below) in any quarter ending in
2020 after adopting CECL.
HC-R-3
Schedule HC-R
A holding company must indicate in Schedule HC-R,
Part I, item 2.a, its election to use the 5-year 2020 CECL
transition provision in calendar year 2020 in the first
FR Y-9C filed after the holding company adopts CECL
or the same FR Y-9C in which the holding company first
reports a positive modified CECL transitional amount for
any calendar quarter ending in 2020 (5-year CECL
electing holding company).
Even if a holding company elects to use the 5-Year
2020 CECL transition provision, the holding company
may only reflect the regulatory capital adjustments set
forth in the 2020 CECL rule in the quarter or quarters in
which the holding company implements CECL for regulatory reporting purposes. A holding company that has
elected the 5-year 2020 CECL transition provision, but
would not report a positive modified CECL transitional
amount in a particular quarter, is not required to make the
adjustments in FR Y-9C Schedule HC-R in that quarter.
Transition Period under the 5-Year 2020 CECL
Transition—Beginning with the earlier of:
(1) The first quarter of the fiscal year in which a holding
company was required to adopt CECL under
U.S. GAAP (as in effect on January 1, 2020), or
(2) The first day of a fiscal year that begins in the 2020
calendar year in which the holding company files the
FR Y-9C reflecting CECL, and for the subsequent
19 quarters (for a total of 20 quarters or the five-year
transition period), a holding company is permitted to
make the adjustments described below to amounts
used in calculating regulatory capital. If a holding
company temporarily ceases using CECL during this
period (i.e., due to election of Section 4014 of the
Coronavirus Aid, Relief, and Economic Security Act
(CARES Act)4), the holding company may not reflect
regulatory capital adjustments for any quarter (during the first 8 quarters) in which it did not implement
CECL, but it would be allowed to apply the transition in subsequent quarters when the holding company uses CECL. However, a holding company that
has elected the transition, but does not apply it in any
4. Section 4014 allows a holding company to delay the adoption of
Accounting Standards Update No. 2016-13, “Financial Instruments —
Credit Losses (Topic 326), Measurement of Credit Losses on Financial
Instruments” (ASU 2016-13), i.e., CECL, until the earlier of (1) December 31, 2020, or (2) the termination of the national emergency concerning
the coronavirus disease declared by the President on March 13, 2020,
under the National Emergencies Act.
HC-R-4
quarter, does not receive any extension of the transition period.
Example 1: A holding company was required to adopt
CECL on January 1, 2020. This holding company, however, delays adoption of CECL under Section 4014 of the
CARES Act until July 1, 2020, and elects to use the
5-Year 2020 CECL transition provision. This holding
company’s transition period begins on January 1, 2020,
despite not adopting CECL until July 1, 2020. As such,
on July 1, 2020, this holding company would have
18 quarters,5 including the quarter of adoption, remaining
in its transition period.
Example 2: A holding company was required to adopt
CECL on October 1, 2020, and elects to use the 5-Year
2020 CECL transition provision. This holding company
does not delay adoption of CECL under Section 4014 of
the CARES Act. This holding company’s transition
period begins on October 1, 2020. As such, on October 1,
2020, this holding company would have 20 quarters,
including the quarter of adoption, remaining in its transition period.
For the first 8 quarters after the start of its transition
period, a holding company is permitted to make an
adjustment of 100 percent of the transitional items calculated below for each quarter in which the holding company applies CECL. Beginning with the ninth quarter of
the transition period, the holding company phases out the
cumulative adjustment as calculated at the end of the
eighth quarter (i.e., the first two years of the 5-Year
2020 CECL transition provision) over the following
12 quarters as follows: 75 percent adjustment in quarters 9-12 (i.e., Year three); 50 percent adjustment in
quarters 13-16 (i.e., Year four); and 25 percent adjustment in quarters 17-20 (i.e., Year five).
Definitions - Holding companies that elect either the
3-year CECL transition provision or the 5-year
2020 CECL transition provision must calculate the following amounts, as applicable. AACL refers to Adjusted
Allowances for Credit Losses and ALLL refers to the
Allowance for Loan and Lease Losses, both as defined in
the regulatory capital rule 12 CFR 217.2 (Board).
• CECL transitional amount means the difference, net of
any deferred tax assets (DTAs), in the amount of a
5. Six quarters of the initial transition followed by 12 quarters of the
phase-out of the transition.
Schedule HC-R
FR Y-9C
March 2021
Schedule HC-R
holding company’s retained earnings as of the beginning of the fiscal year in which the holding company
adopts CECL from the amount of the holding company’s retained earnings as of the closing of the fiscal
yearend immediately prior to the holding company’s
adoption of CECL.
• DTA transitional amount means the difference in the
amount of a holding company’s DTAs arising from
temporary differences as of the beginning of the fiscal
year in which the holding company adopts CECL from
the amount of the holding company’s DTAs arising
from temporary differences as of the closing of the
fiscal year-end immediately prior to the holding company’s adoption of CECL.
• AACL transitional amount means the difference in the
amount of a holding company’s AACL as of the
beginning of the fiscal year in which the holding
company adopts CECL and the amount of the holding
company’s ALLL as of the closing of the fiscal yearend immediately prior to the holding company’s adoption of CECL.
• Eligible credit reserves transitional amount means the
difference in the amount of an advanced approaches
holding company’s eligible credit reserves as of the
beginning of the fiscal year in which the holding
company adopts CECL from the amount of the holding
company’s eligible credit reserves as of the closing of
the fiscal year-end immediately prior to the holding
company’s adoption of CECL.
In addition, holding companies that elect the 5-year 2020
CECL transition provision must calculate the following
amounts:
• Modified CECL transitional amount means:
– During the first two years of the transition period,
the difference between the AACL as reported in the
most recent FR Y-9C, and the AACL as of the
beginning of the fiscal year in which the holding
company adopts CECL, multiplied by 0.25, plus the
CECL transitional amount, and
– During the last three years of the transition period,
the difference between the AACL as reported in the
FR Y-9C at the end of the second year of the
transition period and the AACL as of the beginning
of the fiscal year in which the holding company
adopts CECL, multiplied by 0.25, plus the CECL
transitional amount.
FR Y-9C
Schedule HC-R
June 2021
• Modified AACL transitional amount means:
– During the first two years of the transition period,
the difference between the AACL as reported in the
most recent FR Y-9C, and the AACL as of the
beginning of the fiscal year in which the holding
company adopts CECL, multiplied by 0.25, plus the
AACL transitional amount, and
– During the last three years of the transition period,
the difference between the AACL as reported in the
FR Y-9C at the end of the second year of the
transition period and the AACL as of the beginning
of the fiscal year in which the holding company
adopts CECL, multiplied by 0.25, plus the AACL
transitional amount.
A 3-year or 5-year CECL electing advanced approaches
holding company (1) that has completed the parallel run
process and has received notification from the Board of
the regulatory capital rules, (2) whose amount of expected
credit loss exceeded its eligible credit reserves immediately prior to the adoption of CECL, and (3) would have
an increase in common equity tier 1 capital as of the
beginning of the fiscal year in which it adopts CECL after
including the first year portion of the CECL transitional
amount or modified CECL transitional amount, as applicable, must decrease its CECL transitional amount or
modified CECL transitional amount, as applicable, by its
DTA transitional amount.
Example and a Worksheet Calculation for the 3-year
CECL Transition Provision:
Assumptions:
• For example, consider a holding company that elects to
apply the 3-year CECL transition and has a CECL
effective date of January 1, 2020, and a 21 percent tax
rate.
• On the closing balance sheet date immediately prior to
adopting CECL (i.e., December 31, 2019), the 3-year
CECL electing holding company has $10 million in
retained earnings and $1 million in the allowance for
loan and lease losses. On the opening balance sheet
date immediately after adopting CECL (i.e., January 1,
2020), the 3-year CECL electing holding company has
$1.2 million in allowances for credit losses (ACL),
which also equals $1.2 million of AACL, as defined in
the regulatory capital rules.
HC-R-5
Schedule HC-R
• The 3-year CECL electing holding company recognizes the effect of the adoption of CECL as of January 1, 2020, by recording an increase in its ACL
of $200,000 (credit), with an offsetting increase in
temporary difference DTAs of $42,000 (debit) and a
reduction in beginning retained earnings of $158,000
(debit).
• For each of the quarterly reporting periods in year 1 of
the transition period (i.e., 2020), the 3-year CECL
electing holding company increases both retained earnings and average total consolidated assets by $118,500
($158,000 x 75 percent), decreases temporary difference DTAs by $31,500 ($42,000 x 75 percent), and
decreases AACL by $150,000 ($200,000 x 75 percent)
for purposes of calculating its regulatory capital ratios.
The remainder of the 3-year CECL transition provision
of the 3-year CECL electing holding company is
transitioned into regulatory capital according to the
schedule provided in Table 2 below.
Example of Application of the 5-Year CECL Transition
Provision for Third Quarter 2020
As an example, assume a holding company is required
under U.S. GAAP to adopt CECL on January 1, 2020.
This holding company chose not to delay adoption of
CECL for FR Y-9C purposes under the provisions of
Section 4014 of the CARES Act, and elected to use the
5-year 2020 CECL transition provision in the March 31,
2020, FR Y-9C. This holding company’s 5-year
2020 CECL transition period begins on January 1, 2020.
The holding company’s December 31, 2019, FR Y-9C
reflected the following amounts:
•
•
•
•
ALLL: $120
Temporary Difference DTAs: $20
Retained earnings: $200
Eligible credit reserves (advanced approaches holding
companies only): $110
On January 1, 2020, the holding company adopted CECL
and reflected the following amounts:
• AACL: $150
• AACL transitional amount = $150 - $120 = $30
(AACL on 1/1/20 – ALLL on 12/31/19)
• Temporary difference DTAs: $30
• DTA transitional amount = $30 - $20 = $10 (DTAs on
1/1/20 – DTAs on 12/31/19)
• Retained earnings: $180
• CECL transitional amount = $200 - $180 = $20
(Retained earnings on 12/31/19 – retained earnings on
1/1/20)
• Eligible credit reserves (advanced approaches holding
companies only): $140
• Eligible credit reserves transitional amount (advanced
approaches holding companies only) =
$140 - $110 = $30
Table 2 - Example of a 3-year CECL Transition Provision Schedule
Dollar amounts
in thousands
Transitional
Amounts
Transition Amounts Applicable during
Each Year of the 3-Year Transition Period
Year 1 at 75%
Year 2 at 50%
Year 3 at 25%
Column A
Column B
Column C
Column D
1. Increase retained earnings and
average total consolidated assets by
the CECL transitional amount
CECL transitional
amount = $158
$118.50
$79
$39.50
2. Decrease temporary difference
DTAs by the DTA transitional
amount
DTA transitional
amount = $42
$31.50
$21
$10.50
3. Decrease AACL by the AACL
transitional amount
AACL
transitional
amount = $200
$150
$100
$50
HC-R-6
Schedule HC-R
FR Y-9C
March 2021
Schedule HC-R
(Eligible credit reserves on 1/1/20 – eligible credit
reserves on 12/31/19)
On September 30, 2020, the holding company reflected
the following amounts:
• AACL: $170
• Modified AACL transitional amount = ($170$150)*0.25 + $30 = $35
(AACL on 9/30/20 – AACL on 1/1/20)*0.25 + AACL
transitional amount)
• Modified CECL transitional amount = ($170$150)*0.25 + $20 = $25
(AACL on 9/30/20 – AACL on 1/1/20)*0.25 + CECL
transitional amount)
The holding company would adjust the following items
in its September 30, 2020, FR Y-9C, Schedule HC-R:
• Part I, Item 2 (Retained earnings): Add $25 (modified
CECL transitional amount)
• Part I, Item 15.a or 15.b, as applicable (temporary
difference DTAs): Subtract $10 (DTA transitional
amount) when calculating temporary difference DTAs
subject to deduction
• Part I, Item 27 (Average total consolidated assets):
Add $25 (modified CECL transitional amount)
A holding company that is not electing the CBLR
framework in its September 30, 2020, FR Y-9C, would
make these additional Schedule HC-R adjustments:
• Part I, Item 40.a (Allowances in tier 2 capital): Subtract $35 (modified AACL transitional amount)
• Part II, Item 8 (All other assets): Subtract $10 (DTA
transitional amount)
A holding company subject to the supplementary leverage ratio (advanced approaches and Category III holding
companies) would make this additional Schedule HC-R
adjustment in its September 30, 2020, FR Y-9C:
• Part I, Item 53 (Total leverage exposure for SLR):
Add $25 (modified CECL transitional amount)
A holding company subject to the advanced approaches
capital rule that has exited parallel run would make this
additional Schedule HC-R adjustment in its September 30, 2020, FR Y-9C:
• Part I, Item 40.b (Eligible credit reserves): Deduct $30
(eligible credit reserves transitional amount)
FR Y-9C
Schedule HC-R
March 2021
Advanced approaches holding companies
Advanced approaches holding companies may use the
amounts reported in Schedule HC-R, Part I to complete
FFIEC 101, Schedule A, as applicable. As described in
the General Instructions for FFIEC 101, a holding company must begin reporting on the FFIEC 101, Schedule
A, except for a few specific line items, at the end of the
quarter after the quarter in which a holding company
triggers one of the threshold criteria for applying the
advanced approaches rule or elects to use the advanced
approaches rule (an opt-in holding company),6 and it
must begin reporting data on the remaining schedules of
the FFIEC 101 at the end of the first quarter in which it
has begun its parallel run period.
Advanced approaches holding companies must continue
to file Schedule HC-R, Regulatory Capital, as well as the
FFIEC 101.
SLHCs: The revised regulatory capital rules apply to
top-tier SLHCs that are not substantially engaged in
insurance or commercial activities (covered SLHCs).
A top-tier SLHC is deemed to be substantially engaged in
insurance activities (insurance SLHC) if (i) the top-tier
SLHC is an insurance underwriting company;7 or (ii) as
of June 30 of the previous calendar year, it held 25
percent or more of its total consolidated assets in subsidiaries that are insurance underwriting companies (other
than assets associated with insurance for credit risk). For
purposes of determining the 25 percent threshold, the
SLHC must calculate its total consolidated assets in
accordance with generally accepted accounting principles (GAAP), or if the SLHC does not calculate its total
consolidated assets under GAAP for any regulatory
purpose (including compliance with applicable securities
laws), the SLHC may estimate its total consolidated
assets, subject to review and adjustment by the Board.
Thus, insurance SLHCs are not required to complete
6. A holding company is deemed to have elected to use the advanced
approaches rule on the date that the Board receives from the holding
company a board-approved implementation plan pursuant to section
121(b)(2) of the revised regulatory capital rules. After that date, in addition
to being required to report on the FFIEC 101, Schedule A, the holding
company may no longer apply the AOCI opt-out election in section
22(b)(2) of the regulatory capital rules and it becomes subject to the
supplementary leverage ratio in section 10(c)(4).
7. Insurance underwriting company means an insurance company as
defined in section 201 of the Dodd-Frank Act (12 U.S.C. 5381) that
engages in insurance underwriting activities.
HC-R-7
Schedule HC-R
Schedule HC-R, even if they complete other schedules of
the FR Y-9C.
A top-tier SLHC is deemed to be substantially engaged in
commercial activities (commercial SLHC) if (i) the toptier SLHC is a grandfathered unitary SLHC (as defined in
section 10(c)(9)(A) of HOLA) and (ii) as of June 30 of
the previous calendar year, it derived 50 percent or more
of its total consolidated assets or 50 percent of its total
revenues on an enterprise-wide basis (as calculated under
GAAP) from activities that are not financial in nature
under section 4(k) of the Bank Holding Company Act (12
U.S.C. 1842(k)).
Item Instructions for Schedule HC-R, Part 1
Common Equity Tier 1 Capital
Line Item 1 Common stock plus related surplus,
net of treasury stock and unearned employee stock
ownership plan (ESOP) shares.
Report the sum of Schedule HC, items 24, 25 and
item 26(c) as follows:
(1) Common stock: report the amount of common stock
reported in Schedule HC, item 24, provided it meets
the criteria for common equity tier 1 capital based on
the revised regulatory capital rules of the Board.
Include capital instruments issued by mutual banking
organizations that meet the criteria for common
equity tier 1 capital.
(2) Related surplus: adjust the amount reported in Schedule HC, item 25 as follows: include the net amount
formally transferred to the surplus account, including
capital contributions, and any amount received for
common stock in excess of its par or stated value on
or before the report date; exclude adjustments arising
from treasury stock transactions.
(3) Treasury stock, unearned ESOP shares, and any
other contra-equity components: report the amount of
contra-equity components reported as negative
amounts in Schedule HC, item 26(c). Because contraequity components reduce equity capital, the amount
reported in Schedule HC, item 26(c), is a negative
amount.
Line Item 2 Retained earnings.
Report the amount of the holding company’s retained
earnings as reported in Schedule HC, item 26(a).
HC-R-8
A holding company that has adopted FASB Accounting
Standards Update No. 2016-13 (ASU 2016-13), which
governs the accounting for credit losses and introduces
the current expected credit losses methodology (CECL),
and has elected to apply the 3-year CECL transition
provision (3-year CECL electing holding company)
should also include its applicable CECL transitional
amount, in accordance with section 301 of the regulatory
capital rules. Specifically, a 3-year CECL electing holding company should increase retained earnings by 75 percent of its CECL transitional amount during the first year
of the transition period, 50 percent of its CECL transitional amount during the second year of the transition
period, and 25 percent of its CECL transitional amount
during the third year of the transition period.
A holding company that has adopted ASU 2016-13, and
has elected to apply the 5-year 2020 CECL transition
provision (5-year CECL electing holding company)
should also include in this item its applicable modified
CECL transitional amount in accordance with section 301
of the regulatory capital rules. Specifically, a 5-year
CECL electing holding company should increase retained
earnings by 100 percent of its modified CECL transitional amount during the first and second years of the
transition period, 75 percent of its modified CECL transitional amount during the third year of the transition
period, 50 percent of its modified CECL transitional
amount during the fourth year of the transition period,
and 25 percent of its modified CECL transitional amount
during the fifth year of the transition period.
A 3-year or 5-year CECL electing advanced approaches
holding company (1) that has completed the parallel run
process and has received notification from the Board
pursuant to section 121(d) under subpart E of the regulatory capital rules, (2) whose amount of expected credit
loss exceeded its eligible credit reserves immediately
prior to the adoption of CECL, and (3) would have an
increase in CET1 capital as of the beginning of the fiscal
year in which it adopts CECL after including the first
year portion of the CECL transitional amount or modified
CECL transitional amount, as applicable, must decrease
its CECL transitional amount or modified CECL transitional amount, as applicable, by its DTA transitional
amount.
For further information on the 3-year and 5-year CECL
transition provisions, see the General Instructions for
Schedule HC-R, Part I.
Schedule HC-R
FR Y-9C
March 2021
Schedule HC-R
2.a To be completed only by holding companies that
have adopted ASU 2016-13: Does your institution
have a CECL transition election in effect as of the
quarter-end report date? A holding company may
make a one-time election to use the 3-year CECL transition provision (a 3-year CECL electing holding company) or the 5-year 2020 CECL transition provision (a
5-year CECL electing holding company), as described in
section 301 of the regulatory capital rules, and in the
General Instructions for Schedule HC-R, Part I.
A holding company that is required to use CECL for
regulatory reporting purposes and intends to use the
3-year or the 5-year 2020 CECL transition provision
must elect to use the 3-year or the 5-year 2020 CECL
transition provision in the first FR Y-9C report the
holding company files that includes CECL after the
holding company is required to use CECL for regulatory
reporting purposes. A holding company that does not
elect to use the 3-year or the 5-year 2020 CECL transition provision in the quarter that it first reports its credit
loss allowances in as of the first FR Y-9C report as
measured under the holding company files that includes
CECL after the holding company is required to use
CECL for regulatory reporting purposes would not be
permitted to make an election to use the 3-year or the
5-year 2020 CECL transition provision in subsequent
reporting periods.8 For example, a holding company that
adopts CECL as of January 1, 2020 (i.e., does not delay
adoption of CECL under Section 4014 of the Coronavirus Aid, Relief, and Economic Security Act), records a
reduction in retained earnings due to the adoption of
CECL, and does not elect to use the CECL transition
provision in its FR Y-9C report for the March 31, 2020,
report date would not be permitted to use the 3-year or
the 5-year 2020 CECL transition provision in any subsequent reporting period.
A holding company that has adopted CECL would report
whether it is using a CECL transition election, as defined
in Section 301 of the agencies’ regulatory capital rules, in
the FR Y-9C report for the current quarter. The holding
company can choose from the following entries: 0 = No;
8. A holding company that did not make a 5-year 2020 CECL transition
provision election because it did not record a reduction in retained earnings
due to the adoption of CECL as of the beginning of the fiscal year in which
the holding company adopted CECL may use the 5-year 2020 CECL
transition provision if it has a positive modified CECL transitional amount
during any quarter ending in 2020 and makes the election in the FR Y-9C
report filed for the same quarter.
FR Y-9C
Schedule HC-R
March 2021
1 = Yes with a 3-year CECL transition election; and 2 =
Yes with a 5-year 2020 CECL transition election. A
holding company that has not adopted CECL must leave
item 2.a blank. A holding company that has elected the
5-year 2020 CECL transition, but is not reporting any
adjustments for the current quarter because it does not
have a positive Modified CECL Transitional Amount in
the current quarter, should still report “2” for this item.
Each holding company would complete Schedule HC-R,
Part I, item 2(a) beginning in the FR Y-9C report for its
first reporting period under CECL and in each subsequent
FR Y-9C report thereafter until Schedule HC-R, Part I,
item 2(a) is removed from the report. Effective December 31, 2026, the Board proposes to remove item 2(a)
from Schedule HC-R, Part I, because the optional 3-year
and 5-year 2020 transition periods will have ended for all
electing holding companies. If an individual electing
holding company’s 3-year or 5-year transition period
ends before Schedule HC-R, Part I, item 2(a) is removed
(e.g., its transitiom period ends December 31, 2022), the
holding company would report in item 2(a) that its CECL
transition election is no longer in effect.
Line Item 3 Accumulated other comprehensive
income (AOCI).
Report the amount of AOCI as reported under U.S.
generally accepted accounting principles (GAAP) that is
included in Schedule HC, item 26.b.
Line Item 3(a) AOCI opt-out election.
(i) All holding companies, except advanced approaches
holding companies:
A holding company that is not an advanced approaches
holding company may make a one-time election to
become subject to the AOCI-related adjustments in
Schedule HC-R, Part I, items 9(a) through 9(e). That is,
such a holding company may opt-out of the requirement
to include most components of AOCI in common equity
tier 1 capital (with the exception of accumulated net
gains and losses on cash flow hedges related to items that
are not recognized at fair value on the balance sheet). A
holding company that makes an AOCI opt-out election
must enter “1” for “Yes” in Schedule HC-R, Part I,
item 3(a).
A holding company (except an advanced approaches
holding company) in existence as of March 31, 2015,
HC-R-9
Schedule HC-R
made its AOCI opt-out election on the holding company’s March 31, 2015, FR Y-9C. For a holding company that comes into existence after March 31, 2015, or
becomes a non-advanced approaches holding company,
the holding company must make its AOCI opt-out election on the holding company’s first FR Y-9C report.
After a holding company initially makes its AOCI optout election, the holding company must report its election
in each quarterly FRY-9C report thereafter. Each of the
holding company’s depository institution subsidiaries, if
any, must elect the same option as the holding company.
With prior notice to the Board, a holding company
resulting from a merger, acquisition, or purchase transaction may make a new AOCI opt-out election, as described
in section 22(b)(2) of the revised regulatory capital rules.
(ii) Holding companies that do not make an AOCI
opt-out election and all advanced approaches holding
companies:
A holding company that does not make an AOCI opt-out
election and enters “0” for “No” in Schedule HC-R,
Part I, item 3(a) and all advanced approaches holding
companies are subject to the AOCI-related adjustment
under Schedule HC-R, Part I, item 9(f).
Line Item 4 Common equity tier 1 minority
interest includable in common equity tier 1 capital.
Report the aggregate amount of common equity tier 1
minority interest, calculated as described below and in
section 21 of the revised regulatory capital rules. Common equity tier 1 minority interest is the portion of equity
in a reporting holding company’s subsidiary not attributable, directly or indirectly, to the parent holding company. Note that a holding company may only include
common equity tier 1 minority interest if: (a) the subsidiary is a depository institution or a foreign bank; and
(b) the capital instruments issued by the subsidiary meet
all of the criteria for common equity tier 1 capital
(qualifying common equity tier 1 capital instruments).
(i) All holding companies, except advanced approaches
holding companies
In order to complete this item 4, holding companies need
to complete Lines 6 to 10 of HC-R, Part I. Non-advanced
approaches holding companies are able to include common equity tier 1 minority interest up to 10 percent of the
parent holding company’s common equity tier 1 capital.
The 10 percent limitation is measured before the inclusion of any minority interest and after the deductions
from and adjustments to the regulatory capital of the
parent holding company described in sections 22(a)
and (b) of the regulatory capital rules.
Example and a worksheet calculation: Calculate common equity tier 1 minority interest includable at the
reporting holding company’s level as follows:
Assumptions:
• The parent holding company’s common equity tier 1
capital is $100 and has two subsidiaries (subsidiary A
and subsidiary B) and has $10 of common equity tier 1
capital adjustments and deductions;
• Subsidiary A has $7 of common equity tier 1 minority
interest (that is, owned by minority shareholders).
• Subsidiary B has $5 of common equity tier 1 minority
interest (that is, owned by minority shareholders).
(ii) Advanced approaches holding companies:
In general, the minority interest limitation applies only if
a subsidiary has a surplus common equity tier 1 capital
(that is, in excess of the subsidiary’s minimum capital
requirements and the applicable capital conservation
buffer).
The following example and a worksheet is intended to
assist holding companies in determining the amount of
common equity tier 1 minority interest includable in
common equity tier 1 capital.
Example: For each consolidated subsidiary that is a
depository institution or a foreign bank, calculate common equity tier 1 minority interest includable at the
holding company level as follows:
Assumptions:
• For this example, assume that risk-weighted assets of
the consolidated subsidiary are the same as the riskweighted assets of the holding company that relate to
the subsidiary ($1,000);
• The subsidiary’s common equity tier 1 capital is $80;
• The subsidiary’s common equity tier 1 minority interest (that is, owned by minority shareholders) is $24.
(4.ii) Advanced approaches holding companies worksheet
HC-R-10
Schedule HC-R
FR Y-9C
June 2020
Schedule HC-R
(4.i) All holding companies, except advanced approaches holding companies worksheet
(1)
Common Equity Tier 1 Capital Elements Before Minority Interest
and Adjustments and Deductions = Schedule HC-R, Part I,
sum of items 1, 2, and 3
$100
(2)
Common Equity Tier 1 Capital: Adjustments and Deductions = Schedule
HC-R, Part I, sum of items 6, 7, 8, 9.a through 9.f, 10.a, and 10.b
$10
(3)
Subtract the amount in step (2) from the amount in step (1). This is the base to
calculate the 10 percent limitation.
$100 - $10
= $90
(4)
Multiply step (3) by 10 percent. This is the maximum includable common
equity tier 1 minority interest from all subsidiaries.
$90 x 10%
= $9
(5)
Determine the lower of (4) and the total common equity tier 1 minority interest
from all subsidiaries. This is the “common equity tier 1 minority interest
includable at the reporting holding company’s level” to be included in Schedule HC-R, Part I, item 4.
(1)
Determine the risk-weighted assets of the subsidiary.
$1,000
(2)
Using the standardized approach, determine the risk-weighted assets of the holding company
that relate to the subsidiary. Note that the amount in this step (2) may differ from the amount
in step (1) due to intercompany transactions and eliminations in consolidation.
$1,000
(3)
Determine the lower of (1) or (2), and multiply that amount by 7.0 percent.9
$1,000 x 7% =
$70
(4)
Determine the dollar amount of the subsidiary’s common equity tier 1 capital (assumed $80
in this example). If this amount is less than step (3), include common equity tier 1 minority
interest (assumed to be $24 in this example) in Schedule HC-R, Part I, item 4. Otherwise,
continue to step (5).
$80
(5)
Subtract the amount in step (3) from the amount in step (4). This is the “surplus
common equity tier 1 capital of the subsidiary.”
$80 - $70 = $10
(6)
Determine the percent of the subsidiary’s common equity tier 1 capital owned by third parties (the minority shareholders).
$24/$80 = 30%
(7)
Multiply the percentage in step (6) by the dollar amount in step (5). This is the “surplus common equity tier 1 minority interest of the subsidiary,” Subject to the transition
provisions below.
30% x $10 = $3
(8)
Subtract the amount in step (7) from the subsidiary’s common equity tier 1 minority interest.
$24 - $3 = $21
Minimum of ($9 from step 4)
or $12 ($7 + $5) from the
assumptions) = $9
9. The percentage multiplier in step (3) is the capital ratio necessary for the depository institution to avoid restrictions on distributions and discretionary
bonus payments. Advanced approaches holding companies must adjust this percentage to account for all the applicable capital buffers.
FR Y-9C
Schedule HC-R
September 2020
HC-R-11
Schedule HC-R
(9)
This is the “common equity tier 1 minority interest includable at the holding company level”
to be included in Schedule HC-R, Part I, item 4, for this subsidiary.
Line Item 5 Common equity tier 1 capital before
adjustments and deductions.
Report the sum of Schedule HC-R, Part I, items 1, 2, 3,
and 4.
Common equity tier 1 capital:
adjustments and deductions
Note 1: As described in section 22(b) of the revised
regulatory capital rules, regulatory adjustments to common equity tier 1 capital must be made net of associated
deferred tax effects.
Note 2: As described in section 22(e) of the revised
regulatory capital rules, netting of deferred tax liabilities
(DTLs) against assets that are subject to deduction is
permitted if the following conditions are met:
(i) The DTL is associated with the asset;
(ii) The DTL would be extinguished if the associated
asset becomes impaired or is derecognized under
GAAP; and
(iii) A DTL can only be netted against a single asset.
The amount of deferred tax assets (DTAs) that arise from
net operating loss and tax credit carryforwards, net of any
related valuation allowances, and of DTAs arising from
temporary differences that could not be realized through
net operating loss carrybacks, net of any related valuation
allowances, may be offset by DTLs (that have not been
netted against assets subject to deduction) if the following conditions are met:
(i) Only the DTAs and DTLs that relate to taxes levied
by the same taxation authority and that are eligible for
offsetting by that authority may be offset for purposes
of this deduction.
(ii) The amount of DTLs that the holding company nets
against DTAs that arise from net operating loss and
tax credit carryforwards, net of any related valuation
allowances, and against DTAs arising from temporary differences that could not be realized through
net operating loss carrybacks, net of any related
valuation allowances, must be allocated in proportion to the amount of DTAs that arise from net
operating loss and tax credit carryforwards (net of
HC-R-12
$21
any related valuation allowances, but before any
offsetting of DTLs) and of DTAs arising from temporary differences that could not be realized through
net operating loss carrybacks (net of any related
valuation allowances, but before any offsetting of
DTLs), respectively.
A holding company may offset DTLs embedded in the
carrying value of a leveraged lease portfolio acquired in a
business combination (whether accounted for under ASC
Topic 840, Leases, or grandfathered and accounted for
under ASC Topic 842, Leases, as applicable) that are not
recognized under GAAP against DTAs that are subject to
section 22(a) of the regulatory capital rules in accordance
with section 22(e).
A holding company must net DTLs against assets subject
to deduction in a consistent manner from reporting period
to reporting period. A holding company may change its
DTL netting preference only after obtaining the prior
written approval of the Board.
In addition, note that even though certain deductions may
be net of associated DTLs, the risk-weighted portion of
those items may not be reduced by the associated DTLs.
Line Item 6 LESS: Goodwill net of associated
deferred tax liabilities (DTLs).
Report the amount of goodwill included in Schedule
HC-M, item 12(b).
However, if the holding company has a DTL that is
specifically related to goodwill that it chooses to net
against the goodwill, the amount of disallowed goodwill
to be reported in this item should be reduced by the
amount of the associated DTL.
If an advanced approaches holding company has significant investments in the capital of unconsolidated financial institutions in the form of common stock, the holding
company should report in this item goodwill embedded
in the valuation of a significant investment in the capital
of an unconsolidated financial institution in the form of
common stock (embedded goodwill). Such deduction of
embedded goodwill would apply to investments accounted
for under the equity method. Under GAAP, if there is a
difference between the initial cost basis of the investment
and the amount of underlying equity in the net assets of
Schedule HC-R
FR Y-9C
September 2020
Schedule HC-R
the investee, the resulting difference should be accounted
for as if the investee were a consolidated subsidiary
(which may include imputed goodwill).
Holding companies that entered “0” for “No” in Schedule
HC-R, Part I, item 3(a), must complete Schedule HC-R,
Part I, item 9(f), only.
Line Item 7 LESS: Intangible assets (other than
goodwill and mortgage servicing assets (MSAs)), net
of associated DTLs.
Line Item 9(a) LESS: Net unrealized gains (losses)
on available-for-sale debt securities.
Report all intangible assets (other than goodwill and
MSAs), included in Schedule HC-M, item 12(c), that do
not qualify for inclusion in common equity tier 1 capital
under the regulatory capital rules. Generally, all purchased credit card relationships (PCCRs), non-mortgage
servicing assets, and all other intangibles, reported in
Schedule HC-M, item 12(c), do not qualify for inclusion
in common equity tier 1 capital and should be included in
this item.
However, if the holding company has a DTL that is
specifically related to an intangible asset (other than
goodwill and MSAs) that it chooses to net against the
intangible asset for regulatory capital purposes, the
amount of disallowed intangibles to be reported in this
item should be reduced by the amount of the associated
DTL. Furthermore, a DTL that the holding company
chooses to net against the related intangible reported that
arise from net operating loss and tax credit carryforwards, net of any related valuation allowances, and DTAs
that arise from temporary differences, net of any related
valuation allowances, for regulatory capital purposes.
If the amount reported for other identifiable intangible
assets in Schedule HC-M, item 12(c), includes intangible
assets that were recorded on the holding company’s
balance sheet on or before February 19, 1992, the
remaining book value as of the report date of these
intangible assets may be excluded from this item.
Line Item 8 LESS: Deferred tax assets (DTAs)
that arise from net operating loss and tax credit
carryforwards, net of any related valuation
allowances and net of DTLs.
Report the amount of DTAs that arise from net operating
loss and tax credit carryforwards, net of associated
valuation allowances and net of associated DTLs.
Line Item 9 AOCI-related adjustments.
Holding companies that entered “1” for “Yes” in Schedule HC-R, Part I, item 3(a), must complete Schedule HC-R, Part I, Items 9(a) and 9(c) through 9(e), only.
FR Y-9C
Schedule HC-R
December 2020
For holding companies that entered “1” for “Yes” in
Schedule HC-R, Part I, item 3(a), report the amount of
net unrealized gains (losses) on available-for-sale debt
securities, net of applicable income taxes, that is included
in Schedule HC, item 26(b), “Accumulated other comprehensive income.” If the amount is a net gain, report it as a
positive value in this item. If the amount is a net loss,
report it as a negative value in this item.
For such holding companies, include in this item net
unrealized gains (losses) on available-for-sale debt securities reported in Schedule HC-B, items 1 through 6b,
columns C and D, and on those assets not reported in
Schedule HC-B, that the holding company accounts for
like available-for-sale debt securities in accordance with
applicable accounting standards (e.g., negotiable certificates of deposit and nonrated industrial development
obligations).
Line Item 9(b) Not applicable.
Line Item 9(c) LESS: Accumulated net gains
(losses) on cash flow hedges.
Report the amount of accumulated net gains (losses) on
cash flow hedges, net of applicable income taxes, that is
included in Schedule HC, item 26(b), ‘‘Accumulated
other comprehensive income.’’ The amount reported in
item 9 should include gains (losses) on cash flow hedges
that are no longer effective but included in AOCI. If the
amount is a net gain, report it as a positive value in this
item. If the amount is a net loss, report it as a negative
value in this item.
Line Item 9(d) LESS: Amounts recorded in AOCI
attributed to defined benefit postretirement plans
resulting from the initial and subsequent application
of the relevant GAAP standards that pertain to
such plans.
Report the amounts recorded in AOCI net of applicable
taxes, and included in Schedule HC, item 26(b), ‘‘Accumulated other comprehensive income,’’ resulting from
the initial and subsequent application of ASC Subtopic
715-20 to defined benefit postretirement plans (a holding
HC-R-13
Schedule HC-R
company may exclude the portion relating to pension
assets deducted in Schedule HC-R, Part I, item 10(b)). If
the amount is a net gain, report it as a positive value in
this item. If the amount is a net loss, report it as a
negative value in this item.
Line Item 9(e) LESS: Net unrealized gains (losses)
on held-to-maturity securities that are included in
AOCI.
Report the amount of net unrealized gains (losses) on
held-to-maturity securities that is not credit-related, net
of applicable taxes and is included in AOCI as reported in
Schedule HC, item 26(b), ‘‘Accumulated other comprehensive income.’’ If the amount is a net gain, report it as a
positive value. If the amount is a net loss, report it as a
negative value.
Include (i) the unamortized balance of the unrealized
gain (loss) that existed at the date of transfer of a debt
security transferred into the held-to-maturity category
from the available-for-sale category, net of applicable
taxes and (ii) the unaccreted portion of other-thantemporary impairment losses on available-for-sale and
held-to-maturity debt securities that was not recognized
in earnings in accordance with ASC Topic 320,
Investments-Debt and Equity Securities, net of applicable taxes.
Line Item 9(f)—to be completed only by holding
companies that entered “0” for “No” in Schedule
HC-R, Part I, item 3(a):
LESS: Accumulated net gain (loss) on cash flow
hedges included in AOCI, net of applicable income
taxes, that relate to the hedging of items that are not
recognized at fair value on the balance sheet.
Report the amount of accumulated net gain (loss) on cash
flow hedges included in AOCI, net of applicable income
taxes, that relate to the hedging of items that are not
recognized at fair value on the balance sheet. If the
amount is a net gain, report it as a positive value. If the
amount is a net loss, report it as a negative value.
Line Item 10 Other deductions from (additions to)
common equity tier 1 capital before threshold-based
deductions:
Line Item 10(a) LESS: Unrealized net gain (loss)
related to changes in the fair value of liabilities that
are due to changes in own credit risk.
Report the amount of unrealized net gain (loss) related to
changes in the fair value of liabilities that are due to
HC-R-14
changes in the holding company’s own credit risk. If the
amount is a net gain, report it as a positive value in this
item. If the amount is a net loss, report it as a negative
value in this item.
Advanced approaches holding companies only: include
the credit spread premium over the risk free rate for
derivatives that are liabilities.
Line Item 10(b) LESS: All other deductions from
(additions to) common equity tier 1 capital before
threshold-based deductions.
Report the amount of other deductions from (additions
to) common equity tier 1 capital that are not included in
Schedule HC-R, Part I, items 1 through 9, as described
below.
(1) After-tax gain-on-sale in connection with a securitization exposure.
Include any after-tax gain-on-sale in connection with a
securitization exposure. Gain-on-sale means an increase
in the equity capital of a holding company resulting from
a securitization (other than an increase in equity capital
resulting from the holding company’s receipt of cash in
connection with the securitization or reporting of a
mortgage servicing asset on Schedule HC).
(2) Defined benefit pension fund assets, net of associated DTLs.
A holding company should include for deduction in
Schedule HC-R, Part I, item 10(b) any defined benefit
pension fund assets, net of any associated DTLs. With
the prior approval of the Board, this deduction is not
required for any defined benefit pension fund net asset to
the extent the holdingcompany has unrestricted and
unfettered access to the assets in that fund. For an insured
depository institution, no deduction is required.
A holding company must risk weight any portion of the
defined benefit pension fund asset that is not deducted as
if the holding company directly holds a proportional
ownership share of each exposure in the defined benefit
pension fund.
(3) Investments in the holding company’s own shares
to the extent not excluded as part of treasury stock.
Include the holding company’s investments in (including
any contractual obligation to purchase) its own common
stock instruments, including direct, indirect, and synthetic exposures to such capital instruments (as defined in
Schedule HC-R
FR Y-9C
December 2020
Schedule HC-R
the revised regulatory capital rules), to the extent such
capital instruments are not excluded as part of treasury
stock, reported in Schedule HC-R, Part I, item 1.
If a holding company already deducts its investment in its
own shares (for example, treasury stock) from its common equity tier 1 capital elements, it does not need to
make such deduction twice.
A holding company may deduct gross long positions net
of short positions in the same underlying instrument only
if the short positions involve no counterparty credit risk
and all other criteria in section 22(h) of the revised
regulatory capital rules are met.
The holding company must look through any holdings of
index securities to deduct investments in its own capital
instruments.
In addition:
(i)
(ii)
Gross long positions in investments in a holding
company’s own regulatory capital instruments
resulting from holdings of index securities may be
netted against short positions in the same underlying index;
Short positions in index securities to hedge long
cash or synthetic positions may be decomposed to
recognize the hedge; and
(iii) The portion of the index composed of the same
underlying exposure that is being hedged may be
used to offset the long position only if both the
exposure being hedged and the short position in
the index are covered positions under the market
risk rule, and the hedge is deemed effective by the
holding company’s internal control processes
which would have been assessed by the Board.
(4) Reciprocal cross-holdings in the capital of financial institutions in the form of common stock.
Include investments in the capital of other financial
institutions (in the form of common stock) that the
holding company holds reciprocally (this is the corresponding deduction approach). Such reciprocal crossholdings may result from a formal or informal arrangement to swap, exchange, or otherwise intend to hold each
other’s capital instruments.
FR Y-9C
Schedule HC-R
March 2021
(5) Advanced approaches holding companies only
that exit parallel run.10
Include the amount of expected credit loss that exceeds
the holding company’s eligible credit reserves.
An advanced approaches holding company that has
exited parallel run, has adopted Accounting Standards
Update No. 2016-13 (ASU 2016-13) on credit losses, and
has elected to apply the 3-year CECL transition provision
(3-year CECL electing advanced approaches holding
company) should decrease its eligible credit reserves by
the applicable eligible credit reserves transitional amount
in accordance with section 301 of the regulatory capital
rules. Specifically, a 3-year CECL electing advanced
approaches holding company should reduce the amount
of its eligible credit reserves by 75 percent of its eligible
credit reserves transitional amount during the first year of
the transition period, 50 percent of its eligible credit
reserves transitional amount during the second year of
the transition period, and 25 percent of its eligible credit
reserves transitional amount during the third year of the
transition period.
An advanced approaches holding company that has
exited parallel run, has adopted ASU 2016-13, and has
elected to apply the 5-year 2020 CECL transition provision (5-year CECL electing advanced approaches holding company) should decrease its eligible credit reserves
by the applicable eligible credit reserves transitional
amount in accordance with section 301 of the regulatory
capital rules. Specifically, a 5-year CECL electing
advanced approaches holding company should reduce the
amount of its eligible credit reserves by 100 percent of its
eligible credit reserves transitional amount during the
first and second years of the transition period, 75 percent
of its eligible credit reserves transitional amount during
the third year of the transition period, 50 percent of its
eligible credit reserves transitional amount during the
fourth year of the transition period, and 25 percent of its
eligible credit reserves transitional amount during the
fifth year of the transition period (see Example of Application of the 5-Year 2020 CECL Transition Provision for
Third Quarter 2020, in the General Instructions for
HC-R, Part I).
10. An advanced approaches holding company that exits the parallel
run is an advanced approaches holding company that has completed the
parallel run process and received notification from the Federal Reserve
pursuant to section 121(d) of subpart E of the revised regulatory capital rules.
HC-R-15
Schedule HC-R
Line Item 11 LESS: Non-significant investments in
the capital of unconsolidated financial institutions in
the form of common stock that exceed the
10 percent threshold for non-significant investments.
(i) All non-advanced approaches holding companies
(Column A)
Report the amount of non-significant investments in the
capital of unconsolidated financial institutions in the
form of common stock that, in the aggregate with covered debt instruments11, exceed the 10 percent threshold
for non-significant investments, calculated as described
below. The holding company may apply associated DTLs
to this deduction.
Not applicable. Proceed to HC-R, Part 1, line 12 to
complete the subtotal calculation.
Example and a worksheet calculation:
Assumptions:
(ii) All advanced approaches holding companies
(Column B)
• A holding company has a total of $200 in nonsignificant investments in the capital and covered debt
instruments of unconsolidated financial institutions, of
which $100 is in common shares. For this example, all
A holding company has a non-significant investment in
the capital of an unconsolidated financial institution if it
owns 10 percent or less of the issued and outstanding
common shares of that holding company.
11. Covered debt instruments is defined in 12 CFR 217.2.
(11.ii) Advanced approaches holding company worksheet
(1)
Determine the aggregate amount of non-significant investments in the capital
of unconsolidated financial institutions (including in the form of common
stock, additional tier 1, tier 2 capital, and covered debt instruments).
$200
(2)
Determine the amount of non-significant investments in the capital of
unconsolidated financial institutions in the form of common stock.
$100
(3)
Subtract from Schedule HC-R, Part I, item 5, the amounts in Schedule HC-R,
Part I, items 6, 7, 8, 9, and 10.
$1,000 - $0 = $1,000
(4)
Multiply the amount in step (3) by 10 percent. This is “the 10 percent threshold
for non-significant investments.”
$1,000 x 10%= $100
(5)
If (1) is greater than (4), subtract (4) from (1) and multiply the result by the
ratio of (2) divided by (1). Report this amount in this Schedule HC-R, Part I,
item 11.
Line (1) is greater than line (4);
therefore $200 - $100 = $100.
Then ($100 x 100/200) = $50.
Report $50 in this line item 11.
If (1) is less than (4), enter zero in this item 11.
(6)
Assign the applicable risk weight to the amount of non-significant investments
in the capital of unconsolidated financial institutions that does not exceed the
10 percent threshold for non-significant investments.
Of the $100 in common shares,
$50 are deducted in this line
item 11. The remaining $50
needs to be included in riskweighted assets in Schedule
HC-R, Part II.*
* In this case (assuming that publicly traded equity exposures do not qualify for a 100 percent risk weigh under
section 52(b)(3)(iii) of the regulatory capital rules), $50 x 300% risk weight for publicly traded common shares under
section 52(b)(5) of the capital rules = $150 in risk-weighted assets for the portion of common shares in an unconsolidated
financial institution that are not deducted. Include this amount in Schedule HC-R, Part II, risk-weighted assets, “All other
assets” item.
HC-R-16
Schedule HC-R
FR Y-9C
June 2021
Schedule HC-R
of the $100 in common shares is in the common stock
of a publicly traded financial institution.
• Assume the amount reported on Schedule HC-R, Part I,
item 5 (common equity tier 1 capital before adjustments and deductions is $1,000.
• Assume the amounts reported in Schedule HC-R,Part I,
items 6 through 9(f), are all $0.
Line Item 12 Subtotal.
(i) All non-advanced approaches holding companies
(Column A)
Report the amount in Schedule HC-R, Part I, item 5, less
the amounts in Schedule HC-R, Part I, items 6
through 10b.
This subtotal will be used in Schedule HC-R, Part I,
items 13.a, 14.a, and 15.a, to calculate the amounts of
items subject to the 25 percent common equity tier 1
capital threshold deductions (threshold items):
(i)
Investments in the capital of unconsolidated financial institutions, net of DTLs,
(ii)
MSAs, net of associated DTLs; and
(iii)
DTAs arising from temporary differences that
could not be realized through net operating loss
carrybacks, net of related valuation allowances and
net of DTLs.
(ii) All advanced approaches holding companies
(Column B)
Report the amount in Schedule HC-R, Part I, item 5, less
the amounts in Schedule HC-R, Part I, items 6 through 11.
This subtotal will be used in Schedule HC-R, Part I,
items 13.b, 14.b, 15.b, and 16, to calculate the amounts of
items subject to the 10 and 15 percent common equity
tier 1 capital threshold deductions (threshold items):
• Significant investments in the capital of unconsolidated
financial institutions in the form of common stock, net
of DTLs,
• MSAs, net of associated DTLs; and
• DTAs arising from temporary differences that could
not be realized through net operating loss carrybacks,
net of related valuation allowances and net of DTLs.
Note: Item 13.a should only be completed by nonadvanced approaches holding companies.
FR Y-9C
Schedule HC-R
March 2020
Line Item 13.a LESS: Investments in the capital of
unconsolidated financial institutions, net of
associated DTLs, that exceed 25 percent of item 12.
Items that are not deducted from the appropriate capital
tier, are risk-weighted based on the exposure on HC-R,
Part II, except for holding companies under the CBLR
framework. Holding companies have the flexibility when
deciding which investments in the capital of unconsolidated financial institutions to risk weight and which to
deduct.
Report the amount of investments in the capital of
unconsolidated financial institutions, net of associated
DTLs, that exceed the 25 percent common equity tier 1
capital deduction threshold, calculated as follows:
(1) Determine the amount of investments in the capital
of unconsolidated financial institutions, net of associated DTLs.
(2) If the amount in (1) is greater than 25 percent of
Schedule HC-R, Part I, item 12 (Column A), report
the difference across Schedule HC-R, Part I,
items 13.a, 24 or 43, depending on the tier of capital
the investments in the capital of unconsolidated
financial institutions qualifies. As mentioned above,
the holding company can elect which investments it
must deduct and which it must risk weight. Depending on the holding company’s election and the component of capital for which the underlying instrument
would qualify will determine if it will be deducted
and reported in Schedule HC-R, Part I, item 13.a or
be deducted and reported in Schedule HC-R, Part I,
item 24 or 43.
(3) If the amount in (1) is less than 25 percent of
Schedule HC-R, Part I, item 12 (Column A), report
zero in this item 13.a.
If the holding company included embedded goodwill in
Schedule HC-R, Part I, item 6, to avoid double counting,
the holding company may net such embedded goodwill
already deducted against the exposure amount of the
investment. For example, if a holding company has
deducted $10 of goodwill embedded in a $100 investment in the capital of an unconsolidated financial institution, the holding company would be allowed to net such
embedded goodwill against the exposure amount of such
investment (that is, the value of the investment would be
$90 for purposes of the calculation of the amount that
would be subject to deduction).
HC-R-17
Schedule HC-R
Example and a worksheet calculation:
Assumptions:
company is not required to deduct the tier 2 qualifying
investments.
For this example, assume that a holding company:
Example for a CBLR electing holding company and a
worksheet calculation:
Assumptions:
• has $20 of total investments in the capital of unconsolidated financial institutions,
• of that $20, $9 are investments in common equity tier 1
capital instruments, $7 are investments in tier 1 capital
instruments, and $4 are investments in tier 2 capital
instruments,
• has total common equity tier 1 capital subtotal (reported
on Part I, line item 12 (Column A) of $60
• has total additional tier 1 capital of $20
• has total tier 2 capital of $3
Since the community bank leverage ratio framework
does not have a total capital requirement, a CBLR
electing holding company is neither required to calculate
tier 2 capital nor make any deductions that would have
been taken from tier 2 capital under the generally applicable rule. Therefore, if a CBLR electing holding company has investments in the capital instruments of an
unconsolidated financial institution that would qualify as
tier 2 capital of the CBLR electing holding company
under the generally applicable rule (tier 2 qualifying
investments), and the holding company’s total investments in the capital of unconsolidated financial institutions exceed the threshold for deduction, the holding
For example, assume that a holding company:
• has $20 of total investments in the capital of unconsolidated financial institutions,
• of that $20, $15 are investments in tier 1 capital
instruments, and $5 are investments in tier 2 capital
instruments,
• has total common equity tier 1 capital subtotal (reported
in Schedule HC-R, Part I, line item 12 (Column A)
of $60
Note: Item 13.b should only be completed by advanced
holding companies.
Line Item 13.b LESS: Significant investments in
the capital of unconsolidated financial institutions in
the form of common stock, net of associated DTLs,
that exceed the 10 percent common equity tier 1
capital deduction threshold.
A holding company has a significant investment in the
capital of an unconsolidated financial institution when it
owns more than 10 percent of the issued and outstanding
common shares of that institution.
(13.a) Non-CBLR electing holding company worksheet
(1)
Total investments in the capital of unconsolidated
financial institutions
$20
(2)
Multiply the total common equity tier 1 capital subtotal
by 25 percent.
$60 x 25% = $15
(3)
Determine if (1) is greater than (2), and if so, the difference between (1) and (2) must be deducted from regulatory capital.
$20 > $15, so the amount deducted is $20 - $15 = $5
(4)
The amount of investments deducted from regulatory
capital can be deducted from the corresponding total
amounts of regulatory capital held by the holding
company that meet each type of capital, as a holding
company chooses.
Total of $5 must be deducted from regulatory capital.
Of that, $3 will be deducted from the holding company’s $3 of tier 2 capital, and $2 will be deducted
from the holding company’s $20 of additional tier 1
capital. No deduction from common equity tier 1 will
be reported in item 13.a.
HC-R-18
Schedule HC-R
FR Y-9C
June 2020
Schedule HC-R
Report the amount of significant investments in the
capital of unconsolidated financial institutions in the
form of common stock, net of associated DTLs, that
exceed the 10 percent common equity tier 1 capital
deduction threshold, calculated as follows:
(1) Determine the amount of significant investments in
the capital of unconsolidated financial institutions in
the form of common stock, net of associated DTLs.
(2) If the amount in (1) is greater than 10 percent of
Schedule HC-R, Part I, item 12 (Column B), report
the difference in this item 13.b.
(3) If the amount in (1) is less than 10 percent of
Schedule HC-R, Part I, item 12 (Column B), report
zero in this item 13.b.
If the holding company included embedded goodwill in
Schedule HC-R, Part I, item 6, to avoid double counting,
the holding company may net such embedded goodwill
already deducted against the exposure amount of the
significant investment. For example, if a holding company has deducted $10 of goodwill embedded in a $100
significant investment in the capital of an unconsolidated
financial institution in the form of common stock, the
holding company would be allowed to net such embedded goodwill against the exposure amount of such significant investment (that is, the value of the investment
would be $90 for purposes of the calculation of the
amount that would be subject to deduction).
For advanced approaches holding companies, apply a
250 percent risk-weight to the aggregate amount of the
items subject to the 10 and 15 percent common equity
tier 1 capital deduction thresholds that are not deducted
from common equity tier 1 capital, without regard to any
associated DTLs. Report this amount in Schedule HC-R,
Part II, item 2.b, 7, or 8, as appropriate.
Note: Item 14.a is to be completed only by nonadvanced approaches holding companies.
Line Item 14.a LESS: MSAs, net of associated
DTLs, that exceed the 25 percent common equity
tier 1 capital deduction threshold.
Report the amount of MSAs included in Schedule HC-M,
item 12(a), net of associated DTLs, that exceed the 25
percent common equity tier 1 capital deduction threshold
as follows:
(1) Take the amount of MSAs as reported in Schedule
HC-M, item 12(a), net of associated DTLs.
(2) If the amount in (1) is higher than 25 percent of
Schedule HC-R, Part I, item 12 (Column A), report
the difference in this item 14.a.
(13.a) CBLR electing holding company worksheet
(1)
Total investments in the capital of unconsolidated
financial institutions
$20
(2)
Multiply the total common equity tier 1 capital subtotal
by 25 percent.
$60 x 25% = $15
(3)
Determine if (1) is greater than (2), and if so, the
difference between (1) and (2) must be deducted from
regulatory capital.
$20 > $15, so the amount deducted is $20 - $15 = $5
(4)
The amount of investments deducted from regulatory
capital can be deducted from the corresponding total
amounts of regulatory capital held by the holding
company that meet each type of capital, as a holding
company chooses.
Total of $5 must be deducted from regulatory capital.
Since holding companies have the flexibility to choose
which items are deducted, they can elect to allocate the
tier 1 investments first. As a result, the remaining
investment that exceeds the threshold would be tier 2
instruments. Therefore, since CBLR electing holding
companies are not required to make tier 2 deductions,
no deduction is necessary.
FR Y-9C
Schedule HC-R
June 2020
HC-R-19
Schedule HC-R
(14.a) Non-Advanced approaches holding company worksheet
(1)
Total amount of MSAs, net of associated DTLs
$20
(2)
Multiply the total common equity tier 1 capital subtotal by 25%.
$60 x 25% = $15
(3)
Determine if (1) is greater than (2), and if so, the difference between (1) and (2)
must be deducted from regulatory capital.
$20 > $15, so the amount
deducted is $20 - $15 = $5
(3) If the amount in (1) is lower than 25 percent of
Schedule HC-R, Part I, item 12 (Column A), enter
zero in this item 14.a.
All holding companies must apply a 250 percent riskweight to MSAs that are not deducted from common
equity tier 1 capital, without regard to any associated
DTLs, except for holding companies that are subject to
the community bank leverage ratio (CBLR) framework.
Example and a worksheet calculation:
Assumptions:
For this example, assume that a holding company:
• has $20 of MSAs, net of associated DTLs,
• has total common equity tier 1 capital subtotal (reported
on Schedule HC-R, Part I, line item 12 (Column A)
of $60
Note: Item 14.b is to be completed only by advanced
approaches holding companies.
Line Item 14.b LESS: MSAs, net of associated
DTLs, that exceed the 10 percent common equity
tier 1 capital deduction threshold.
Report the amount of MSAs included in Schedule HC-M,
item 12.a, net of associated DTLs, that exceed the 10
percent common equity tier 1 capital deduction threshold
as follows:
(1) Take the amount of MSAs as reported in Schedule
HC-M, item 12.a, net of associated DTLs.
(2) If the amount in (1) is greater than 10 percent of
Schedule HC-R, Part I, item 12 (Column B), report
the difference in this item 14.b.
(3) If the amount in (1) is less than 10 percent of
Schedule HC-R, Part I, item 12 (Column B), enter
zero in this item 14.b.
For advanced approaches holding companies, apply a
250 percent risk-weight to MSAs that are not deducted
from common equity tier 1 capital, without regard to any
associated DTLs.
Example and a worksheet calculation:
Assumptions:
For this example, assume that a holding company:
• Has $20 of DTAs arising from temporary differences
that could not be realized through net operating loss
carrybacks net of any related valuation allowances and
net of associated DTLs, and
• Has total common equity tier 1 capital subtotal (reported
in Schedule HC-R, Part I, item 12, (column B) of $60.
(14.b) Advanced approaches holding company worksheet
(1)
Total amount of MSAs, net of associated DTLs
$20
(2)
Multiply the total common equity tier 1 capital subtotal
by 10%.
$60 x 10% = $6
(3)
Determine if (1) is greater than (2), and if so,
the difference between (1) and (2) must be deducted
from regulatory capital.
$20 > $6, so the amount deducted is $20 - $6 = $14
HC-R-20
Schedule HC-R
FR Y-9C
June 2020
Schedule HC-R
Note: Item 15.a is to be completed only by nonadvanced approaches holding companies.
Line Item 15.a LESS: DTAs arising from
temporary differences that could not be realized
through net operating loss carrybacks, net of
related valuation allowances and net of DTLs, that
exceed the 25 percent common equity tier 1 capital
deduction threshold.
without regard to any associated DTLs, except for holding companies CBLR framework election effect as of the
quarter-end report date.
A holding company that has adopted FASB Accounting
Standards Update No. 2016-13 (ASU 2016-13), which
governs the accounting for credit losses and introduces
the current expected credit losses methodology (CECL),
and has elected to apply the 3-year CECL transition
(15.a) Non-Advanced approaches holding company worksheet
(1)
Total amount of DTAs arising from temporary differences that could
not be realized through net operating loss carrybacks net of any
related valuation allowances and net of associated DTLs.
$20
(2)
Multiply the total common equity tier 1 capital subtotal by
25 percent.
$60 x 25% = $15
(3)
Determine if (1) is greater than (2), and if so, the difference
between (1) and (2) must be deducted from regulatory capital.
$20 > $15, so the amount deducted is $20 $15 = $5
(1) Determine the amount of DTAs arising from temporary differences that the holding company could not
realize through net operating loss carrybacks net of
any related valuation allowances and net of associated DTLs (for example, DTAs resulting from the
holding company’s ALLL or allowances for credit
losses (ACL), as applicable).
(2) If the amount in (1) is higher than 25 percent of
Schedule HC-R, Part I, item 12 (Column A), report
the difference in this item 15.a.
(3) If the amount in (1) is lower than 25 percent of
Schedule HC-R, Part 1, item 12, enter zero in this
item 15.a.
DTAs arising from temporary differences that could be
realized through net operating loss carrybacks are not
subject to deduction, and instead must be assigned a 100
percent risk weight, except for holding companies that
have a community bank leverage ratio (CBLR) framework election in effect as of the quarter-end report date.
All holding companies, apply a 250 percent risk-weight
to DTAs arising from temporary differences that could
not be realized through net operating loss carrybacks that
are not deducted from common equity tier 1 capital,
FR Y-9C
Schedule HC-R
June 2021
provision (3-year CECL electing holding company)
should decrease its DTAs arising from temporary differences by the applicable DTA transitional amount in
accordance with section 301 of the regulatory capital
rules. Specifically, a 3-year CECL electing holding company should reduce the amount of its DTAs arising from
temporary differences by 75 percent of its DTA transitional amount during the first year of the transition
period, 50 percent of its DTA transitional amount during
the second year of the transition period, and 25 percent of
its DTA transitional amount during the third year of the
transition period (see Table 2 in the General Instructions
for HC-R, Part I).
A holding company that has adopted ASU 2016-13 and
has elected to apply the 5-year 2020 CECL transition
provision (5-year CECL electing holding company)
should decrease its DTAs arising from temporary differences by the applicable DTA transitional amount in
accordance with section 301 of the regulatory capital
rules. Specifically, a 5-year CECL electing holding company should reduce the amount of its DTAs arising from
temporary differences by 100 percent of its DTA transitional amount during the first and second years of the
transition period, 75 percent of its DTA transitional
amount during the third year of the transition period,
HC-R-21
Schedule HC-R
50 percent of its DTA transitional amount during the
fourth year of the transition period, and 25 percent of its
DTA transitional amount during the fifth year of the
transition period (see Example of Application of the
5-Year 2020 CECL Transition Provision for Third Quarter 2020, in the General Instructions for HC-R, Part I).
(2) If the amount in (1) is greater than 10 percent of
Schedule HC-R, Part I, item 12 (Column B), report
the difference in this item 15.b.
Example and a worksheet calculation:
DTAs arising from temporary differences that could be
realized through net operating loss carrybacks are not
subject to deduction, and instead must be assigned to a
100 percent risk-weight category.
Assumptions:
For this example, assume that a holding company:
• Has $20 of DTAs arising from temporary differences
that could not be realized through net operating loss
carrybacks net of any related valuation allowances and
net of associated DTLs, and
• Has total common equity tier 1 capital subtotal (reported
in Schedule HC-R, Part I, item 12, (column B) of $60.
Note: Item 15.b is to be completed only by advanced
approaches holding companies.
Line Item 15.b LESS: DTAs arising from
temporary differences that could not be realized
through net operating loss carrybacks, net of
related valuation allowances and net of DTLs, that
exceed the 10 percent common equity tier 1 capital
deduction threshold.
(1) Determine the amount of DTAs arising from temporary differences that could not be realized through net
operating loss carrybacks net of any related valuation
allowances and net of associated DTLs (for example,
DTAs resulting from the holding company’s allowance for loan and lease losses (ALLL) or allowances
for credit losses (ACL), as applicable).
(3) If the amount in (1) is less than 10 percent of
Schedule HC-R, Part I, item 12 (Column B), enter
zero in this item 15.b.
For advanced approaches holding companies, apply a
250 percent risk-weight to DTAs arising from temporary
differences that could not be realized through net operating loss carrybacks that are not deducted from common
equity tier 1 capital, without regard to any associated
DTLs.
A holding company that has adopted FASB Accounting
Standards Update No. 2016-13 (ASU 2016-13), which
governs the accounting for credit losses and introduces
the current expected credit losses methodology (CECL),
and has elected to apply the 3-year CECL transition
provision (3-year CECL electing holding company)
should decrease its DTAs arising from temporary differences by the applicable DTA transitional amount in
accordance with section 301 of the regulatory capital
rules. Specifically, a 3-year CECL electing holding company should reduce the amount of its DTAs arising from
temporary differences by 75 percent of its DTA transitional amount during the first year of the transition
period, 50 percent of its DTA transitional amount during
the second year of the transition period, and 25 percent of
its DTA transitional amount during the third year of the
transition period (see Table 1 in the in the General
Instructions for HC-R, Part I).
(15.b) Advanced approaches holding company worksheet
(1)
Total amount of DTAs arising from temporary differences that could not be realized
through net operating loss carrybacks net of any related valuation allowances and net
of associated DTLs,
$20
(2)
Multiply the total common equity tier 1 capital subtotal by 10%.
$60 x 10% = $6
(3)
Determine if (1) is greater than (2), and if so, the difference between (1) and (2)
must be deducted from regulatory capital.
$20 > $6, so the amount
deducted is
$20 - $6 = $14
HC-R-22
Schedule HC-R
FR Y-9C
June 2021
Schedule HC-R
A holding company that has adopted ASU 2016-13 and
has elected to apply the 5-year 2020 CECL transition
provision (5-year CECL electing holding company)
should decrease its DTAs arising from temporary differences by the applicable DTA transitional amount in
accordance with section 301 of the regulatory capital
rules. Specifically, a 5-year CECL electing holding company should reduce the amount of its DTAs arising from
temporary differences by 100 percent of its DTA transitional amount during the first and second years of the
transition period, 75 percent of its DTA transitional
amount during the third year of the transition period,
50 percent of its DTA transitional amount during the
fourth year of the transition period, and 25 percent of its
DTA transitional amount during the fifth year of the
transition period (see Example of Application of the
5-Year 2020 CECL Transition Provision in the General
Instructions for HC-R, Part I).
Example and a worksheet calculation:
Assumptions:
For this example, assume that a holding company:
The aggregate amount of the threshold items (that is,
significant investments in the capital of unconsolidated
financial institutions in the form of common stock, net of
associated DTLs; MSAs, net of associated DTLs; and
DTAs arising from temporary differences that could not
be realized through net operating loss carrybacks, net of
related valuation allowances and net of DTLs) may not
exceed 15 percent of the holding company’s common
equity tier 1 capital, net of applicable adjustments and
deductions (the 15 percent common equity tier 1 capital
deduction threshold).
Example and a worksheet calculation for advanced
approaches holding companies:
Assumptions:
• The amount reported in Schedule HC-R, Part I, item 12
(Column B) is $130. (This amount is common equity
tier 1 after all deductions and adjustments, except for
deduction of the threshold items).
• Assume that the associated DTLs are zero; also assume
the following balance sheet amounts prior to deduction
of these items:
• has $20 of DTAs arising from temporary differences
that could not be realized through net operating loss
carrybacks net of any related valuation allowances and
net of associated DTLs,
o Significant investments in the common shares of
unconsolidated financial institutions net of associated DTLs = $10.
• has total common equity tier 1 capital subtotal (reported
on Schedule HC-R, Part I, line item 12 (Column B)
of $60
o DTAs arising from temporary differences that could
not be realized through net operating loss carrybacks net of any related valuation allowances and
net of DTLs = $30.
Note: Item 16 is to be completed only by advanced
approaches holding companies. Non-advanced
approaches holding companies, proceed to item 17.
o MSAs net of associated DTLs = $20
Line Item 16 LESS: Amount of significant
investments in the capital of unconsolidated
financial institutions in the form of common stock,
net of associated DTLs; MSAs, net of associated
DTLs; and DTAs arising from temporary
differences that could not be realized through net
operating loss carrybacks, net of related valuation
allowances and net of DTLs; that exceeds the
15 percent common equity tier 1 capital deduction
threshold.
FR Y-9C
Schedule HC-R
March 2021
HC-R-23
Schedule HC-R
(16) Advanced approaches holding company worksheet
(1)
(2)
Aggregate amount of threshold items before deductions Enter the sum of:
a. Significant investments in the capital of unconsolidated financial institutions in the form
of common stock, net of associated DTLs (Schedule HC-R, Part I, item 13.b, step 1);
$10
b. MSAs net of associated DTLs (Schedule HC-R, Part I, item 14.b, step 1); and
$20
c. DTAs arising from temporary differences that could not be realized through net
operating loss carrybacks, net of any related valuation allowance and net of DTLs
(Schedule HC-R, Part I, item 15.b, step 1).
$30
d. Total of a, b, and c:
$60
The 10 percent common equity tier 1 capital deduction threshold
Multiply the amount reported in Schedule HC-R, Part I, item 12, column B, by 10 percent.
(3)
(4)
$130 * 10% =
$13
Amount of threshold items deducted as a result of the 10 percent common equity
tier 1 capital deduction threshold
a. Significant investments in the capital of unconsolidated financial institutions in the form
of common stock net of associated DTLs (as reported in Schedule HC-R, Part I, item
13.b)
$0
b. MSAs net of associated DTLs (as reported in Schedule HC-R, Part I, item 14.b)
$20 - $13 = $7
c. DTAs arising from temporary differences that could not be realized through net operating loss carrybacks, net of related valuation allowances and net of DTLs (as reported in
Schedule HC-R, Part I, item 15.b)
$30 - $13 = $17
Sum of threshold items not deducted as a result of the 10 percent common equity
tier 1 capital deduction threshold
Enter the sum of:
(5)
HC-R-24
a. Significant investments in the capital of unconsolidated financial institutions in the form
of common stock net of associated DTLs that are not deducted (that is, the difference
between the amount in step (1)(a) of this table and step 3(a) of this table)
$10
b. MSAs that are not deducted (that is, the difference between the amount in step (1)(b) of
this table and step 3(b) of this table)
$20 - $7 = $13
c. DTAs arising from temporary differences that could not be realized through net operating loss carrybacks, net of related valuation allowances and net of DTLs that are not
deducted (that is, the difference between the amount in step (1)(c) of this table and step
(3)(c) of this table)
$30 - $17 = $13
d. Total of a, b, and c
$10 + $13 + $13
= $36
The 15 percent common equity tier 1 capital deduction threshold
Calculate as follows:
Schedule HC-R
FR Y-9C
March 2020
Schedule HC-R
a. Substract the amount calculated in step (1)(d) of this table from Schedule HC-R,
Part I, item 12, column B;
b. Multiply the resulting amount by 17.65 percent
(6)
($130 - $60) x
17.65% = $12.36
Rounds to $12
Amount of threshold items that exceed the 15 percent common equity tier 1 capital
deduction threshold
Report as follows:
a. If the amount in step (4)(d) is greater than the amount in step (5), then subtract (5) from
(4)(d) and report this number in Schedule HC-R, Part I, item 16. (In addition, the holding company must risk-weight the items that are not deducted at 250 percent in the
risk-weighted asset section of this form.)
b. If the amount in step (4)(d) is less than the amount in step (5), report zero in Schedule
HC-R, Part I, item 16.
The amount in
step 4(d) ($36) is
greater than the
amount in step 5
($12).
Therefore:
$36 - $12 = $24
(7)
If the amount in step (6) is above zero, then pro-rate the threshold items’ deductions as
follows:
a. Significant investments in the capital of unconsolidated financial institutions in the form
of common stock: multiply (6)(a) by the ratio of (1)(a) over (1)(d).
b. MSAs net of associated DTAs: multiply (6)(a) by the ratio of (1)(b) over (1)(d).
c. DTAs arising from temporary differences that could not be realized through net operating loss carrybacks: multiply (6)(a) by the ratio of (1)(c) over (1)(d).
a. $12 x (10/60)
= $2
b. $12 x (20/60)
= $4
c. $12 x (30/60)
= $6.
Line Item 17 LESS: Deductions applied to
common equity tier 1 capital due to insufficient
amounts of additional tier 1 capital and tier 2
capital to cover deductions.
(i) All non-advanced approaches holding companies
(Column A)
Report the total amount of deductions related to investments in own additional tier 1 and tier 2 capital instruments, reciprocal cross-holdings, and investments in the
capital of unconsolidated financial institutions if the
reporting holding company does not have a sufficient
amount of additional tier 1 capital before deductions
(reported in Schedule HC-R, Part I, item 23) and tier 2
capital before deductions (reported in Schedule HC-R,
Part I, item 42.a) to absorb these deductions in Schedule
HC-R, Part I, items 24 or 43, as appropriate.
Since the community bank leverage ratio framework
does not have a total capital requirement, a CBLR
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Schedule HC-R
June 2021
electing holding company is neither required to calculate
tier 2 capital nor make any deductions that would have
been taken from tier 2 capital under the generally applicable rule. Therefore, if a CBLR electing holding company has investments in the capital instruments of an
unconsolidated financial institution that would qualify as
tier 2 capital of the CBLR electing holding company
under the generally applicable rule (tier 2 qualifying
investments), and the holding company’s total investments in the capital of unconsolidated financial institutions exceed the threshold for deduction, the holding
company is not required to deduct the tier 2 qualifying
investments.
(ii) All advanced approaches holding companies
(Column B)
Report the total amount of deductions related to investments in own additional tier 1 and tier 2 capital instruments; investments in own covered debt instruments, if
HC-R-25
Schedule HC-R
applicable; reciprocal cross holdings; investments in the
capital and covered debt instruments of unconsolidated
financial institutions; investments in excluded covered
debt instruments, as applicable;12 if the holding company
does not have a sufficient amount of additional tier 1
capital before deductions (reported in Schedule HC-R,
Part I, item 23) and tier 2 capital before deductions
(reported in Schedule HC-R, Part I, item 42.a and 42.b)
to absorb these deductions in Schedule HC-R, Part 1,
items 24 or 43, as appropriate.
Line Item 18 Total adjustments and deductions for
common equity tier 1 capital.
Report the sum of Schedule HC-R, Part I, items 13
through 17.
Line Item 19 Common equity tier 1 capital.
Report Schedule HC-R, Part I, item 12 less item 18.
Except for a CBLR electing holding company under the
community bank leverage ratio framework, the amount
reported in this item is the numerator of the holding
company’s common equity tier 1 risk-based capital ratio.
Additional tier 1 capital
Line Item 20 Additional tier 1 capital instruments
plus related surplus.
Report the portion of noncumulative perpetual preferred
stock and related surplus included in Schedule HC,
item 23, and any other capital instrument and related
surplus that satisfy all the additional tier 1 criteria in
section 20(c) of the revised regulatory capital rules of the
Board.
Include instruments that were (i) issued under the Small
Business Jobs Act of 2010, or, prior to October 4, 2010,
under the Emergency Economic Stabilization Act of
2008 and (ii) were included in the tier 1 capital under the
Board’s general risk-based capital rules (12 CFR part 225,
appendix A, and, if applicable, appendix E) (for example,
tier 1 instruments issued under the TARP program that
are grandfathered permanently). Also include additional
tier 1 capital instruments issued as part of an ESOP,
provided that the repurchase of such instruments is
required solely by virtue of ERISA for a banking organization that is not publicly-traded.
12. Excluded covered debt instrument is defined in 12 CFR 217.2.
HC-R-26
a. Depository institution holding companies with total
consolidated assets of less than $15 billion as of
December 31, 2009 and holding companies that were
mutual holding companies as of May 19, 2010 (2010
MHCs) only:
Depository institution holding companies with total consolidated assets of less than $15 billion as of December 31, 2009 and holding companies that were mutual
holding companies prior to May 19, 2010, (2010 MHCs)
may include non-qualifying capital instruments (e.g.,
TruPS and cumulative perpetual preferred stock) issued
prior to May 19, 2010, in additional tier 1 or tier 2 capital
if the instrument will be included in tier 1 or tier 2 capital,
respectively, as of January 1, 2014. Such non-qualifying
capital instruments includable in tier 1 capital are subject
to a limit of 25 percent of tier 1 capital elements,
excluding any non-qualifying capital instruments and
after all regulatory capital deductions and adjustments
have been applied to tier 1 capital.
Line Item 21 Non-qualifying capital instruments
subject to phase out from additional tier 1 capital.
Report the total amount of non-qualifying capital instruments that were included in tier 1 capital and outstanding
as of January 1, 2014, as follows:
a. Depository institution holding companies13 with
total consolidated assets of less than $15 billion as of
December 31, 2009 and 2010 MHCs:
This line item is generally not applicable to nonqualifying capital instruments issued by depository institution holding companies with total consolidated assets
of less than $15 billion and 2010 MHCs prior to May 19,
2010, because these institutions may include nonqualifying regulatory capital instruments in additional
tier 1 capital as described in Schedule HC-R, item 20.
Non-qualifying capital instruments that are not included
in additional tier 1 capital as a result of the 25 percent
limit, described in section 300(c)(3)(ii) of the revised
regulatory capital rules, may be included in tier 2 capital
in item 27.
b. Depository institution holding companies with
total consolidated assets of $15 billion or more as of
December 31, 2009 that are not 2010 MHCs:
13. Depository institution holding company means a bank holding
company or savings and loan holding company.
Schedule HC-R
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Schedule HC-R
Table 3—Percentage of non-qualifying capital instruments includable in additional tier 1 or tier 2 capital during the
transition period
Transition period
Percentage of non-qualifying capital instruments includable in additional
tier 1 or tier 2 capital for a depository institution holding company of
$15 billion or more
Calendar year 2014
50
Calendar year 2015
25
Calendar year 2016
and thereafter
0
Depository institution holding companies with total consolidated assets of $15 billion or more as of December 31, 2009, that are not 2010 MHCs must phase out
non-qualifying capital instruments (that is, debt or equity
instruments that do not meet the criteria for additional
tier 1 or tier 2 capital instruments in section 20 of the
revised regulatory capital rules, but that were issued and
included in tier 1 or tier 2 capital, respectively, prior to
May 19, 2010) as set forth in Table 3, starting on
January 1, 2014, for an advanced approaches holding
company that is not an SLHC and starting January 1,
2015, for a non-advanced approaches holding company.
If non-advanced approaches holding companies have
non-qualifying capital instruments that are excluded from
tier 1 capital, such non-qualifying capital instruments can
be included in tier 2 capital, without limitation, provided
the instruments meet the criteria for tier 2 capital set forth
in section 20(d) of the revised regulatory capital rules.
For the case of advanced approaches holding companies,
non-qualifying capital instruments that are phased out of
tier 1 capital under Table 3 are fully includable in tier 2
capital until December 31, 2015. From January 1, 2016,
until December 31, 2021, these holding companies are
required to phase out such non-qualifying capital instruments from tier 2 capital in accordance with the percentage in Table 3, in line item 38.
Transition provisions for non-qualifying capital instruments includable in additional tier 1 or tier 2 capital:
Table 3 applies separately to additional tier 1 and tier 2
non-qualifying capital instruments. For example, an
advanced approaches holding company may include up
to 50 percent of non-qualifying capital instruments in
additional tier 1 capital during calendar year 2014 but it
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June 2021
cannot include any such instruments in additional tier 1
capital starting in calendar year 2016.
If the holding company is involved in a merger or
acquisition, it should treat its non-qualifying capital
instruments following the requirements in section 300 of
the Board’s revised regulatory capital rules.
Line Item 22 Tier 1 minority interest not included
in common equity tier 1 capital.
Report the amount of tier 1 minority interest not included
in common equity tier 1 capital that is includable at the
consolidated level, calculated as described below in
section 21 of the regulatory capital rules.
(i) All holding companies, except advanced approaches
holding companies
Non-advanced approaches holding companies are able to
include tier 1 minority interest up to 10 percent of the
parent holding company’s tier 1 capital. The 10 percent
limitation is measured before the inclusion of any minority interest and after the deductions from and adjustments
to the regulatory capital of the parent holding company
described in sections 22(a) and (b) of the capital rule.
Tier 1 minority interest is the portion of tier 1 capital in a
reporting holding company’s subsidiary not attributable,
directly or indirectly, to the parent holding company.
Note that a holding company may only include tier 1
minority interest if the capital instruments issued by the
subsidiary meet all of the criteria for tier 1 capital
(qualifying tier 1 capital instruments).
Example and a worksheet calculation: Calculate tier 1
minority interest not included in common equity tier 1
HC-R-27
Schedule HC-R
(22.i) Non-advanced approaches holding company worksheet
(1)
Common equity tier 1 capital before CET1 minority interest + Additional tier 1
capital instruments before minority interest - additional tier 1 capital deductions
= Schedule HC-R, Part I, sum of items 19, 20, and 21, minus item 4 minus
item 24.
$90 + $15 - $4
= $101
(2)
Multiply step (1) by 10 percent. This is the maximum includable tier 1 minority
interest from all subsidiaries.
$101 x 10%
= $10.1
(3)
Determine the lower of (2) or the tier 1 minority interest from all subsidiaries.
Minimum of (10.1 from step 2
or $24 from the assumptions)
= $10.1
(4)
From (3), subtract out the common equity tier 1 minority interest reported in
Schedule HC-R, Part I, item 4. This is the “tier 1 minority interest not included
in common equity tier 1 minority interest includable at the reporting holding
company’s level” to be included in Schedule HC-R, Part I, item 22.
$10.1 - $9 = $1.1
minority interest includable at the reporting holding
company’s level as follows:
equity tier 1 minority interest and $12 of minority
interest in the form of additional tier 1 instruments).
Assumptions:
(ii) Advanced approaches holding companies
• This is a continuation of the example for all holding
companies, except advanced approaches holding companies, used in the instructions for Schedule HC-R,
Part I, item 4.
For each consolidated subsidiary, perform the calculations in steps (1) through (10) of the worksheet below.
Sum up the results from step 10 for each consolidated
subsidiary and report the aggregate number in this
item 22.
• Assumptions and calculation from Schedule HC-R,
Part I, item 4:
o The parent holding company’s common equity tier 1
before minority interest and common equity tier 1
capital adjustments and deductions is $100.
o Common equity tier 1 capital adjustments and
deductions is $10.
For tier 1 minority interest, there is no requirement that
the subsidiary be a depository institution or a foreign
bank. However, the instrument that gives rise to tier 1
minority interest must meet all the criteria for either
common equity tier 1 capital or additional tier 1 capital
instrument.
• The parent holding company’s additional tier 1 capital
instruments before minority interest and additional
tier 1 deductions equal $15.
Example and a worksheet calculation: Calculate tier 1
minority interest not included in common equity tier 1
capital includable at the holding company level as follows:
• Additional tier 1 capital deductions equal $4.
Assumptions:
• Subsidiary A has $6 of additional tier 1 minority
interest (that is, owned by minority shareholders).
• This is a continuation of the example used for common
equity tier 1 minority interest from Schedule HC-R,
item 4.
• Subsidiary B has $6 of additional tier 1 minority
interest (that is, owned by minority shareholders).
• The subsidiary’s tier 1 minority interest (that is, owned
by minority shareholders) is $24 ($12 of common
HC-R-28
• For this example, assume that risk-weighted assets of
the subsidiary are the same as the risk-weighted assets
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FR Y-9C
March 2020
Schedule HC-R
of the holding company that relate to the subsidiary
$1,000 in each case.
• Subsidiary’s additional tier 1 capital owned by minority shareholders: $15.
• Subsidiary’s tier 1 capital: $110, which is composed of
subsidiary’s common equity tier 1 capital of $80 and
additional tier 1 capital of $30.
• Other relevant numbers are taken from the example in
Schedule HC-R, item 4.
• Subsidiary’s common equity tier 1 owned by minority
shareholders: $24.
(22.ii) Advanced approaches holding company worksheet
(1)
Determine the risk-weighted assets of the subsidiary.
$1,000
(2)
Using the standarized approach, determine the risk-weighted assets of the reporting institution that relate to the subsidiary. Note that the amount in this step (2) may differ from the
amount in step (1) due to intercompany transactions and eliminations in consolidation.
$1,000
(3)
Multiply the lower of (1) or (2) by 8.5 percent.14
$1,000 x 8.5% =
$85
(4)
Determine the dollar amount of tier 1 capital for the subsidiary. If this amount is less than
step (3), enter the sum of common equity tier 1 and additional tier 1 minority interest ($39
in this example) in step (9). Otherwise continue on to step (5).
$110
(5)
Subtract the amount in step (3) from the amount in step (4). This is the “surplus tier 1 capital of the subsidiary.”
$110 - $85 = $25
(6)
Determine the percent of the subsidiary’s qualifying tier 1 capital instruments that are
owned by third parties (the minority shareholders).
$24 + 15 = $39.
Then $39/$110
= 35.45%
(7)
Multiply the percentage from step (6) by the dollar amount in step (5). This is the “surplus
tier 1 minority interest of the subsidiary.”
35.45% x $25
= $8.86
(8)
Determine the total amount of tier 1 minority interest of the subsidiary. Then subtract the
surplus tier 1 minority interest of the subsidiary (step 7) from this amount.
$24 + $15 = $39.
Then $39 - $8.86
= $30.14
(9)
The “tier 1 minority interest includable at the holding company level” is the amount from
step (8) (or from step (4) when there is no surplus tier 1 minority interest of the subsidiary).
$30.14
(10)
Subtract any minority interest that is included in common equity tier 1 capital (from Schedule HC-R, Part I, item 4). The result is the minority interest included in additional tier 1
capital.
$30.14 - $21
(from example in
item 4) = $9.14.
14. The percentage multiplier in step (3) is the capital ratio necessary for the subsidiary to avoid restrictions on distributions and discretionary bonus
payments. Advanced approaches holding companies must adjust this percentage to account for all applicable capital buffers.
Note: As indicated, this example built onto the example
under the instructions for item 4, where the subsidiary
was a depository institution, and where its common
equity tier 1 minority interest was includable in common
FR Y-9C
Schedule HC-R
June 2020
equity tier 1 capital. However, if this were a subsidiary
other than a depository institution, none of its minority
interest arising from common equity tier 1 would have
been includable in common equity tier 1 capital. If the
HC-R-29
Schedule HC-R
subsidiary in the example were not a depository institution, the full calculated amount of minority interest
($30.14) would be includable in additional tier 1 capital
of the reporting holding company since none of it would
have been includable in common equity tier 1 capital.
Line Item 23 Additional tier 1 capital before
deductions.
Report the sum of Schedule HC-R, Part, I, items 20, 21,
and 22.
Line Item 24 LESS: Additional tier 1 capital
deductions.
Report additional tier 1 capital deductions as the sum of
the following elements:
Note that a holding company should report additional
tier 1 capital deductions in item 24 irrespective of the
amount of additional tier 1 capital before deductions
reported in Schedule HC-R, Part I, item 23. If a holding
company does not have a sufficient amount of additional
tier 1 capital before deductions in Schedule HC-R, Part I,
item 23 to absorb these deductions, then the holding
company must deduct the shortfall from common equity
tier 1 capital in (Schedule HC-R, Part I, item 17). For
example, if a holding company reports $0 of “Additional
tier 1 capital” before deductions in Schedule HC-R,
Part I, item 23 and has $100 of additional tier 1 capital
deductions, the holding company would report $100 in
Schedule HC-R, Part I, item 24, and add $100 to the
amount to be reported in Schedule HC-R, Part I, item 17
and report $0 in Schedule HC-R, Part I, item 25, “Additional tier 1 capital.”
(i) Non-advanced approaches holding companies
(1) Investments in own additional tier 1 capital instruments.
Report the holding company’s investments in (including
any contractual obligation to purchase) its own additional
tier 1 capital instruments, whether held directly or indirectly.
A holding company may deduct gross long positions net
of short positions in the same underlying instrument only
if the short positions involve no counterparty risk.
The holding company must look through any holdings of
index securities to deduct investments in its own capital
instruments. In addition:
HC-R-30
(i) Gross long positions in investments in a holding
company’s own regulatory capital instruments
resulting from holdings of index securities may be
netted against short positions in the same index;
(ii) Short positions in index securities that are hedging
long cash or synthetic positions can be decomposed to recognize the hedge; and
(iii) The portion of the index that is composed of the
same underlying exposure that is being hedged
may be used to offset the long position if both the
exposure being hedged and the short position in the
index are covered positions under the market risk
capital rule, and the hedge is deemed effective by
the holding company’s internal control processes.
(2) Reciprocal cross-holdings in the capital of financial institutions.
Include investments in the additional tier 1 capital instruments of other financial institutions that the holding
company holds reciprocally, where such reciprocal crossholdings result from a formal or informal arrangement to
swap, exchange, or otherwise intend to hold each other’s
capital instruments. If the holding company does not
have a sufficient amount of a specific component of
capital to effect the required deduction, the shortfall must
be deducted from the next higher (that is, more subordinated) component of regulatory capital.
For example, if a holding company is required to deduct a
certain amount from additional tier 1 capital and it does
not have additional tier 1 capital, then the deduction
should be from common equity tier 1 capital in Schedule
HC-R, Part I, item 17.
(3) Investments in the capital of unconsolidated financial institutions that exceed the 25 percent threshold to be deducted from additional tier 1 capital.
Report the total amount of investments in the capital of
unconsolidated financial institutions in the form of additional tier 1 capital that exceed the 25 percent threshold.
(1) Determine the amount of investments in the capital
of unconsolidated financial institutions, net of associated DTLs.
(2) If the amount in (1) is greater than 25 percent of
Schedule HC-R, Part I, item 12 (Column A), report
the difference across Schedule HC-R, Part I,
items 13.a, 24 or 41, depending on the tier of capital
the investments in the capital of unconsolidated
Schedule HC-R
FR Y-9C
June 2020
Schedule HC-R
financial institutions qualifies. The holding company
can elect which investments it must deduct and
which it must risk weight. Depending on the holding
company’s election and the component of capital for
which the underlying instrument would qualify will
determine if it will be deducted and reported in
Schedule HC-R, Part I, item 13.a or be deducted and
reported in Schedule HC-R, Part I, item 24 or 41.
(3) If the amount in (1) is less than 25 percent of
Schedule HC-R, Part I, item 12 (Column A), no
deduction is needed.
See Schedule HC-R, Part I, item 13 for an example of
how to deduct amounts of investments in the capital of
unconsolidated financial institutions that exceed the 25%
threshold.
Since the community bank leverage ratio framework
does not have a total capital requirement, a CBLR
electing holding company is neither required to calculate
tier 2 capital nor make any deductions that would have
been taken from tier 2 capital under the generally applicable rule. Therefore, if a CBLR electing holding company has investments in the capital instruments of an
unconsolidated financial institution that would qualify as
tier 2 capital of the electing holding company under the
generally applicable rule (tier 2 qualifying investments),
and the holding company’s total investments in the
capital of unconsolidated financial institutions exceed the
threshold for deduction, the holding company is not
required to deduct the tier 2 qualifying investments.
(4) Other adjustments and deductions.
Include adjustments and deductions applied to additional
tier 1 capital due to insufficient tier 2 capital to cover
deductions (related to reciprocal cross-holdings, nonsignificant investments in the tier 2 capital of unconsolidated financial institutions, and significant investments in
the tier 2 capital of unconsolidated financial institutions).
Eligible holding companies that opt into the community
bank leverage ratio framework, are not required to calculate tier 2 capital and would not be required to make any
deductions that would be taken from tier 2 capital.
(ii) Advanced approaches holding companies
(1) Investments in own additional tier 1 capital instruments:
Report the holding company’s investments in (including
any contractual obligation to purchase) its own additional
FR Y-9C
Schedule HC-R
March 2020
tier 1 capital instruments, whether held directly or indirectly.
A holding company may deduct gross long positions net
of short positions in the same underlying instrument only
if the short positions involve no counterparty risk.
The holding company must look through any holdings of
index securities to deduct investments in its own capital
instruments. In addition:
(i)
Gross long positions in investments in a holding
company’s own regulatory capital instrumentsresulting from holdings of index securities may be
netted against short positions in the same index;
(ii) Short positions in index securities that are hedging long cash or synthetic positions can be decomposed to recognize the hedge; and
(iii) The portion of the index that is composed of the
same underlying exposure that is being hedged
may be used to offset the long position if both the
exposure being hedged and the short position in
the index are covered positions under the market
risk capital rule, and the hedge is deemed effective by the holding company’s internal control
processes.
(2) Reciprocal cross-holdings in the capital of financial institutions.
Include investments in the additional tier 1 capital instruments of other financial institutions that the holding
company holds reciprocally, where such reciprocal crossholdings result from a formal or informal arrangement to
swap, exchange, or otherwise intend to hold each other’s
capital instruments. If the holding company does not
have a sufficient amount of a specific component of
capital to effect the required deduction, the shortfall must
be deducted from the next higher (that is, more subordinated) component of regulatory capital.
For example, if a holding company is required to deduct a
certain amount from additional tier 1 capital and it does
not have additional tier 1 capital, then the deduction
should be from common equity tier 1 capital in Schedule
HC-R, Part I, item 17.
(3) Non-significant investments in additional tier 1
capital of unconsolidated financial institutions
that exceed the 10 percent threshold for nonsignificant investments.
HC-R-31
Schedule HC-R
As noted in the instructions for HC-R, Part 1, item 11
above, a holding company has a non-significant investment in the capital of an unconsolidated financial institution if it owns 10 percent or less of the issued and
outstanding common shares of that institution.
Calculate this amount as follows:
(1) Determine the aggregate amount of non-significant
investments in the capital of unconsolidated financial
institutions in the form of common stock, additional
tier 1 capital, tier 2 capital, and covered debt instruments.
(2) Determine the amount of non-significant investments
in the capital of unconsolidated financial institutions
in the form of additional tier 1 capital.
dated financial institutions, significant investments in the
tier 2 capital of unconsolidated financial institutions,
significant investments in the covered debt instruments of
unconsolidated financial institutions, non-significant
investments in the covered debt instruments of unconsolidated financial institutions, and investments in excluded
covered debt instruments).
Also include adjustments and deductions related to DTAs
that arise from net operating loss and tax credit carryforwards, gain-on-sale in connection with a securitization
exposure, defined benefit pension fund assets, and changes
in fair value of liabilities due to changes in own credit
risk.
Line Item 25 Additional tier 1 capital.
(3) If the amount in (1) is greater than the 10 percent
threshold for non-significant investments (Schedules
HC-R, Part 1, item 11, step (4)), then multiply the
difference by the ratio of (2) over (1). Report this
product in this item 24.
Report the greater of Schedule HC-R, Part 1, item 23
minus item 24, or zero.
(4) If the amount in (1) is less than the 10 percent
threshold for non-significant investments, report zero.
Report the sum of Schedule HC-R, Part 1, items 19
and 25.
For example, assume a holding company has a total of
$200 in non-significant investments (step 1), including
$60 in the form of additional tier 1 capital (step 2), and its
10 percent threshold for non-significant investments is
$100 (as calculated in step 4 of item 11). Since the
aggregate amount of non-significant investments exceeds
the 10 percent threshold for non-significant investments
by $100 ($200-$100), the holding company must multiply $100 by the ratio of 60/200 (step 3). Thus, the
holding company would need to deduct $30 from its
additional tier 1 capital.
(4) Significant investments in the capital of unconsolidated financial institutions not in the form of
common stock to be deducted from additional
tier 1 capital.
Report the total amount of significant investments in the
capital of unconsolidated financial institutions in the
form of additional tier 1 capital.
(5) Other adjustments and deductions.
Include adjustments and deductions applied to additional
tier 1 capital due to insufficient tier 2 capital to cover
deductions (related to reciprocal cross holdings, nonsignificant investments in the tier 2 capital of unconsoliHC-R-32
Tier 1 capital
Line Item 26 Tier 1 capital.
Total Assets for the Leverage Ratio
Line Item 27 Average total consolidated assets.
All holding companies must report the amount of average
total consolidated assets as reported in Schedule HC-K,
item 9.
A holding company that has adopted FASB Accounting
Standards Update No. 2016-13 (ASU 2016-13), which
governs the accounting for credit losses and introduces
the current expected credit losses methodology (CECL),
and has elected to apply the CECL transition provision
(CECL electing holding company) should increase its
average total consolidated assets by its applicable CECL
transitional amount, in accordance with section 301(c)(1)(iv) of the regulatory capital rules. Specifically, a 3-year CECL electing holding company should
increase its average total consolidated assets as reported
on the FR Y-9C for purposes of the leverage ratio by
75 percent of its CECL transitional amount during the
first year of the transition period, 50 percent of its CECL
transitional amount during the second year of the transition period, and 25 percent of its CECL transitional
amount during the third year of the transition period (see
Table 2 in the General Instructions for HC-R, Part I).
Schedule HC-R
FR Y-9C
June 2021
Schedule HC-R
A holding company that has adopted ASU 2016-13 and
has elected to apply the 5-year 2020 CECL transition
provision (5-year CECL electing holding company)
should increase its average total consolidated assets by its
applicable modified CECL transitional amount, in accordance with section 301 of the regulatory capital rules.
Specifically, a 5-year CECL electing holding company
should increase its average total consolidated assets as
reported on the FR Y-9C report for purposes of the
leverage ratio by 100 percent of its modified CECL
transitional amount during the first and second years of
the transition period, 75 percent of its modified CECL
transitional amount during the third year of the transition
period, 50 percent of its modified CECL transitional
amount during the fourth year of the transition period,
and 25 percent of its modified CECL transitional amount
during the fifth year of the transition period (see Example
of Application of the 5-Year 2020 CECL Transition
Provision for Third Quarter 2020 in the General Instructions for HC-R, Part I).
Line Item 28 LESS: Deductions from common
equity tier 1 capital and additional tier 1 capital.
(i) Non-advanced approaches holding companies
Report the sum of the amounts deducted from common
equity tier 1 capital and additional tier 1 capital in
Schedule HC-R, Part I, items 6, 7, 8, 10.b, 13.a, 14.a,
15.a, 17 (Column A), and item 24. Also exclude the
amount reported in Schedule HC-R, Part I, item 17 that is
due to insufficient amounts of additional tier 1 capital,
and which is included in the amount reported in Schedule
HC-R, Part I, item 24. (This is to avoid double counting.)
(ii) Advanced approaches holding companies
Report the sum of the amounts deducted from common
equity tier 1 capital and additional tier 1 capital in
Schedule HC-R, items 6, 7, 8, 10.b, 11, 13.b, 14.b, 15.b,
16, 17 (Column B), and item 24. Also exclude the
amount reported in Schedule HC-R, Part I, item 17 that is
due to insufficient amounts of additional tier 1 capital,
and which is included in the amount reported in Schedule
HC-R, Part I, item 24. (This is to avoid double counting.)
Line Item 29 LESS: Other deductions from
(additions to) assets for leverage ratio purposes.
Based on the Board’s capital rules, report the amount of
any deductions from (additions to) total assets for leverage capital purposes that are not included in Schedule
FR Y-9C
Schedule HC-R
June 2021
HC-R, Part I, item 28, as well as the items below, if
applicable. If the amount is a net deduction, report it as a
positive value in this item. If the amount is a net addition,
report it as a negative value in this item.
Include as a deduction the quarterly average amount of
Paycheck Protection Program (PPP) loans pledged to the
PPP Liquidity Facility (PPPLF). This quarterly average
should be consistent with and calculated using the same
averaging method used for calculating the quarterly
average for “Total consolidated assets” reported in
Schedule HC-K, item 5. Holding companies also should
report in Schedule HC-M, item 25.e, the quarterly average amount of PPP loans pledged to the PPPLF that are
included as a deduction in this item 29.
Include as a deduction the quarterly average amount of
assets purchased under the Money Market Mutual Fund
Liquidity Facility (MMLF). This quarterly average should
be consistent with and calculated using the same averaging method used for calculating the quarterly average for
“Total consolidated assets” reported in Schedule HC-K,
item 5.
Holding companies that make the AOCI opt-out election
in Schedule HC-R, Part I, item 3.a – Defined benefit
postretirement plans:
If the reporting holding company sponsors a singleemployer defined benefit postretirement plan, such as a
pension plan or health care plan, accounted for in accordance with ASC Subtopic 715-20, CompensationRetirement Benefits—Defined Benefit Plans-General (formerly FASB Statement No. 158, “Employers’ Accounting
for Defined Benefit Pension and Other Postretirement
Plans”), the holding company should adjust total assets
for leverage ratio purposes for any amounts included in
Schedule HC, item 26.b, “Accumulated other comprehensive income” (AOCI), affecting assets as a result of
the initial and subsequent application of the funded status
and measurement date provisions of ASC Subtopic 71520. The adjustment also should take into account subsequent amortization of these amounts from AOCI into
earnings. The intent of the adjustment reported in this
item (together with the amount reported in Schedule
HC-R, Part I, item 9.d) is to reverse the effects on AOCI
of applying ASC Subtopic 715-20 for regulatory capital
purposes. Specifically, assets recognized or derecognized
as an adjustment to AOCI as part of the incremental
effect of applying ASC Subtopic 715-20 should be
reported as an adjustment to total assets for leverage ratio
HC-R-33
Schedule HC-R
purposes. For example, the derecognition of an asset
recorded as an offset to AOCI as part of the initial
incremental effect of applying ASC Subtopic 715-20
should be added back to total assets for leverage ratio
purposes by reporting the amount as a negative number
in this item. As another example, the portion of a benefit
plan surplus asset that is included in Schedule HC,
item 26.b, as an increase to AOCI and in total assets
should be deducted from total assets for leverage ratio
purposes by reporting the amount as a positive number in
this item.
Holding companies that do not make the AOCI opt-out
election and all advanced approaches holding companies – Available-for-sale debt securities:
is explained in Schedule HC-R, Part I, items 32 through 34,
below.
Qualifying Criteria for Using the CBLR
framework
Schedule HC-R, Part I, items 32 through 36, are to be
completed only by qualifying holding companies that
have elected to adopt the community bank leverage ratio
framework or are within the grace period as of the
quarter-end report date. (For further information on the
grace period, see the General Instructions for Part I.) (For
further information on the grace period, see the General
Instructions for Part I.)
Available-for-sale debt securities are reflected at amortized cost when calculating average total consolidated
assets for Schedule HC-K, item 9. Therefore, include in
this item as a deduction from (addition to) assets for
leverage ratio purposes the amount needed to adjust the
quarterly average for available-for-sale debt securities
included in Schedule HC-K, item 9, from an average
based on amortized cost to an average based on fair
value. If the deferred tax effects of any net unrealized
gains (losses) on available-for-sale debt securities were
excluded from the determination of average total consolidated assets for Schedule HC-K, item 9, also include in
this item as a deduction from (addition to) assets for
leverage ratio purposes the quarterly average amount
necessary to reverse the effect of this exclusion on the
quarterly average amount of net deferred tax assets
included in Schedule HC-K, item 9.
If your holding company entered “1” in Schedule HC-R,
Part I, item 31a, then Schedule HC-R, Part I, items 32
through 36, must be completed. Holding companies that
do not qualify or have not adopted the community bank
leverage ratio framework, go to Schedule HC-R, Part I,
item 37. A qualifying holding company can opt out of the
community bank leverage ratio framework by completing Schedule HC-R, Part I and Part II and not completing
Schedule HC-R, Part I, items 32 through 36.
Line Item 30 Total assets for the leverage ratio.
Report in Column A the sum of trading assets from
Schedule HC, item 5, and trading liabilities from Schedule HC, item 15 (i.e., added, not netted).
Report Schedule HC-R, Part I, item 27, less items 28
and 29.
Leverage Ratio
Line Item 31 Leverage ratio.
Report the holding company’s leverage ratio as a percentage, rounded to four decimal places. Divide Schedule
HC-R, Part I, item 26 by item 30.
Line Item 31.a Does your holding company have a
community bank leverage ratio (CBLR) framework
election in effect as of the quarter-end report date?
Enter “1” for Yes or enter “0” for No. Refer to the
qualifying criteria for using the CBLR framework, which
HC-R-34
Line Item 32 Total assets.
Report total assets from Schedule HC, item 12. A holding
company’s total assets must be less than $10 billion as
part of the qualifying criteria for the CBLR framework.
Line Item 33 Trading assets and trading liabilities.
Report in Column B such trading assets and trading
liabilities as a percentage of total assets by dividing the
amount of trading assets and trading liabilities reported in
column A of this item by total assets reported in item 32
above, rounded to four decimal places. The percentage
reported in this item must be 5 percent or less of total
assets as part of the qualifying criteria for the CBLR
framework.
Line Item 34 Off-balance sheet exposures.
Report in the appropriate subitem the holding company’s
off-balance sheet exposure amounts.
Schedule HC-R
FR Y-9C
March 2020
Schedule HC-R
Line Item 34.a Unused portion of conditionally
cancellable commitments.
Report the amounts of unused commitments, excluding
unconditionally cancelable commitments that are reported
in Schedule HC-R, Part I, item 35, below. Include in this
item legally binding arrangements (other than letters of
credit, which are reported in Schedule HC-R, Part I,
item 34.c) that obligate a holding company to extend
credit or to purchase assets. Where a holding company
provides a commitment structured as a syndication or
participation, include the amount for the holding company’s pro rata share of the commitment.
In general, this item would include the unused portion of
commitments reported in Schedule HC-L, item 1, that are
not unconditionally cancelable.
Line Item 34.b
Securities lent and borrowed.
Report the sum of securities lent from Schedule HC-L,
item 6.a, and securities borrowed from Schedule HC-L,
item 6.b.
Line Item 34.c Other off-balance sheet exposures.
Report the sum of:
• Financial standby letters of credit: Include the amount
outstanding and unused of financial standby letters of
credit reported in Schedule HC-L, item 2.
• Transaction-related contingent items, including performance bonds, bid bonds, warranties, and performance standby letters of credit: Report transactionrelated contingent items, which include the amount
outstanding and unused of performance standby letters
of credit reported in Schedule HC-L, item 3, and any
other transactionrelated contingent items.
• Self-liquidating, trade-related contingent items that
arise from the movement of goods: Include the amount
outstanding and unused of self-liquidating, traderelated contingent items that arise from the movement
of goods reported in Schedule HC-L, item 4.
• Sold credit protection in the form of guarantees and
credit derivatives: Include the notional amount of sold
credit protection in the form of guarantees or credit
derivatives (such as written credit option contracts). Do
not include any non-credit derivatives, such as foreign
exchange swaps and interest rate swaps.
FR Y-9C
Schedule HC-R
March 2020
• Credit-enhancing representations and warranties:
Include the off-balance sheet amount of exposures
transferred with credit-enhancing representations and
warranties as defined in §.2 of the regulatory capital
rule. Credit-enhancing representations and warranties
obligate a holding company “to protect another party
from losses arising from the credit risk of the underlying exposures” and “include provisions to protect a
party from losses resulting from the default or nonperformance of the counterparties of the underlying exposures or from an insufficiency in the value of the
collateral backing the underlying exposures.” Thus,
when loans or other assets are sold “with recourse” and
the recourse arrangement provides protection from
losses as described in the preceding definition, the
recourse arrangement constitutes a credit- enhancing
representation and warranty.
• Forward agreements that are not derivative contracts: Include the notional amount of all forward
agreements, which are defined in §.2 of the regulatory
capital rule as legally binding contractual obligations
to purchase assets with certain drawdown at a specified
future date, not including commitments to make residential mortgage loans or forward foreign exchange
contracts.
• Off-balance sheet securitizations: Report the notional
amount of off-balance sheet items that qualify as
securitization exposures. Refer to the definitions of
securitization exposure, synthetic securitization, traditional securitization, and tranche in §.2 of the regulatory capital rules and to §.42 of the regulatory capital
rules to calculate the relevant exposure amount.
Line Item 34.d
Total off-balance sheet exposures.
Report in column A the sum of Schedule HC-R, Part I,
items 34.a through 34.c.
Report in column B total off-balance sheet exposures as a
percentage of total assets by dividing the total amount of
off-balance sheet exposures reported in column A of this
item by total assets reported in Schedule HC-R, Part I,
item 32 above, rounded to four decimal places. The
percentage reported in this item must be 25 percent or
less as part of the qualifying criteria for the CBLR
framework.
Line Item 35 Unconditionally cancellable
commitments.
Report the unused portion of commitments (facilities)
that are unconditionally cancelable (without cause) at any
HC-R-35
Schedule HC-R
time by the holding company (to the extent permitted by
applicable law). In general, this item would include the
amounts reported in Schedule HC-L, items 1.a and 1.b.
In the case of consumer home equity or mortgage lines of
credit secured by liens on 1-4 family residential properties, a holding company is deemed able to unconditionally cancel the commitment if, at its option, it can
prohibit additional extensions of credit, reduce the credit
line, and terminate the commitment to the full extent
permitted by relevant federal law.
Retail credit cards and related plans, including overdraft
checking plans and overdraft protection programs, are
included in this item if the bank has the unconditional
right to cancel the line of credit at any time in accordance
with applicable law.
Line Item 36 Investments in the Tier 2 capital of
unconsolidated financial institutions.
Report the amount of investments in the Tier 2 capital of
unconsolidated financial institutions, net of associated
DTLs.
Note: A qualifying holding company has a community
bank leverage ratio (CBLR) framework election in
effect as of the quarter-end report date (i.e., entered “1”
for Yes in Schedule HC-R, Part I, item 31.a) should not
complete Schedule HC-R, Part I, items 37 through 53,
and should not complete Schedule HC-R, Part II.
Tier 2 capital
Line Item 37 Tier 2 capital instruments plus
related surplus.
Report the portion of cumulative perpetual preferred
stock and related surplus included in Schedule HC,
item 23; the portion of subordinated debt and limited-life
preferred stock and related surplus included in Schedule HC, item 19; and any other capital instrument and
related surplus that satisfy all the eligibility criteria for
tier 2 capital instruments in section 20(d) of the regulatory capital rules of the Board.
Include instruments that were (i) issued under the Small
Business Jobs Act of 2010, or, prior to October 4, 2010,
under the Emergency Economic Stabilization Act of
2008 and (ii) were included in the tier 2 capital nonqualifying capital instruments (e.g., TruPS and cumulative perpetual preferred) under the Federal Reserve’s
general risk-based capital rules.
HC-R-36
In addition, a depository institution holding company that
is not an advanced approaches holding company may
include in tier 2 capital non-qualifying capital instruments (e.g., TruPS and cumulative perpetual preferred)
that have been phased-out of tier 1 capital in accordance
with Table 2 in Schedule HC-R, Part I, item 21.
Depository institution holding companies with total consolidated assets of less than $15 billion as of December 31, 2009 and 2010 MHCs may include in this item
non-qualifying capital instruments (that are not included
in additional tier 1 capital as a result of the 25 percent
limit, described in item 20 and section 300(c)(3)(ii) of the
revised regulatory capital rules.)
Line Item 38 Non-qualifying capital instruments
subject to phase out from tier 2 capital.
Report the total amount of non-qualifying capital instruments that were included in tier 2 capital and outstanding
as of January 1, 2014, and that are subject to phase out.
Holding companies may include in regulatory capital
debt or equity instruments issued prior to September 12,
2010, that do not meet the criteria for additional tier 1 or
tier 2 capital instruments in section 20 of the revised
regulatory capital rules but that were included in tier 1 or
tier 2 capital respectively as of September 12, 2010
(non-qualifying capital instruments issued prior to September 12, 2010) up to the percentage of the outstanding
principal amount of such non-qualifying capital instruments as of January 1, 2014, in accordance with Table 2
in Schedule HC-R, Part I, item 21.
a. Depository institution holding companies with total
consolidated assets of less than $15 billion as of
December 31, 2009 and 2010 MHCs:
This item is generally not applicable to depository institution holding companies with total consolidated assets
of less than $15 billion and 2010 MHCs that issued and
included non-qualifying capital instruments prior to
May 19, 2010, because these institutions may include
such instruments in additional tier 1 and tier 2 capital as
described in Schedule HC-R, Part 1, item 20 and 37,
respectively.
b. Depository institution holding companies with
total consolidated assets of $15 billion or more as of
December 31, 2009 that are not 2010 MHCs:
Schedule HC-R
FR Y-9C
June 2020
Schedule HC-R
Depository institution holding companies with total consolidated assets of $15 billion or more as of December
31, 2009, that are not 2010 MHCs must phase out
non-qualifying capital instruments from tier 2 capital as
set forth in Table 2, in Schedule HC-R, Part 1, item 21,
starting January 1, 2014, if it is an advanced approaches
holding company that is not an SLHC and starting
January 1, 2015, if it is a non-advanced approaches
holding company.
A depository institution holding company of $15 billion
or more that is not an advanced approaches holding
company may include in tier 2 capital non-qualifying
capital instruments that have been phased-out of tier 1
capital in accordance with Table 2.
For the case of advanced approaches holding companies,
non-qualifying capital instruments that are phased out of
tier 1 capital under Table 2 are fully includable in tier 2
capital until December 31, 2015. From January 1, 2016,
until December 31, 2021, these holding companies are
required to phase out such non-qualifying capital instruments from tier 2 capital in accordance with the percentage in Table 3.
Line Item 39 Total capital minority interest that
is not included in tier 1 capital.
(i) All holding companies, except advanced approaches
holding companies
Report the aggregate amount of total capital minority
interest, calculated as described below and in section 21
of the regulatory capital rules. Non-advanced approaches
holding companies are able to include total capital minority interest up to 10 percent of the parent banking
organization’s total capital. The 10 percent limitation is
measured before the inclusion of any minority interest
and after the deductions from and adjustments to the
regulatory capital of the parent banking organization
described in sections 22(a) and (b) of the capital rule.
Total capital minority interest is the portion of total
capital in a reporting holding company’s subsidiary
not attributable, directly or indirectly, to the parent
holding company. Note that a holding company may
only include total capital minority interest if the capital
instruments issued by the subsidiary meet all of the
criteria for capital (qualifying capital instruments).
Table 4—Percentage of non-qualifying capital instruments includable in additional tier 1 or tier 2 capital for a depository
institution holding company of $15 billion or more
FR Y-9C
Schedule HC-R
June 2021
Transition period
Percentage of non-qualifying capital instruments
includable in additional tier 1 or tier 2 capital
Calendar year 2014
80
Calendar year 2015
70
Calendar year 2016
60
Calendar year 2017
50
Calendar year 2018
40
Calendar year 2019
30
Calendar year 2020
20
Calendar year 2021
10
Calendar year 2022
and thereafter
0
HC-R-37
Schedule HC-R
(39.i) Non-advanced approaches holding company worksheet
(1)
Tier 1 capital after deductions and before minority interest + tier 2 capital instruments
before minority interest + allowance for loan and lease losses (ALLL) or adjusted
allowances for credit losses (AACL), as applicable, for regulatory capital purposes that is
includable in tier 2 capital - tier 2 capital deductions = Schedule HC-R, Part I, sum of items
26, 37, 38, and 40.a, minus item 43
$101+$20 - $2
= $119
(2)
Multiply step (1) by 10 percent. This is the maximum includable total capital minority
interest from all subsidiaries.
$119 x 10%
= $11.9
(3)
Determine the lower of (2) or the total capital minority interest from all subsidiaries.
Minimum of ($11.9
from Step 2 or $38
from the assumptions)
= $11.9
(4)
From (3), subtract out the includable common equity tier 1 minority interest reported in
Schedule HC-R, Part I, item 4, and includable tier 1 minority interest that is not included
in common equity tier 1 minority interest reported in Schedule HC-R, Part I, item 22.
This is the “total capital minority interest not included in tier 1 minority interest includable at the reporting holding company’s level” to be included in Schedule HC-R, Part I,
item 39.
$11.9 - $9 - $1.1 =
$1.8
Example and a worksheet calculation: Calculate total
capital minority interest that is not included in tier 1
capital includable at the holding company level as follows:
Assumptions:
• This is a continuation of the example for advanced
approaches holding companies used in the instructions
for Schedule HC-R, Part 1, items 4 and 22.
• Assumptions and calculation from Schedule HC-R,
Part I, item 4:
o Includable common equity tier 1 minority interest
(see Schedule HC-R, Part I, item 4) is $9.
o The parent holding company’s common equity tier 1
capital before minority interest and after deductions
and adjustments is $90.
• Assumptions and calculation from Schedule HC-R,
Part I, item 22:
o Includable tier 1 minority interest that is not included
in common equity tier 1 minority interest (see
Schedule HC-R, Part I, item 22) is $1.1
HC-R-38
o The parent holding company’s additional tier 1
capital before minority interest and after deductions
is $11 ($15 - $4).
• The parent holding company’s tier 2 capital instruments before minority interest and allowance for loan
and lease losses includable in tier 2 capital (or adjusted
allowances for credit losses (AACL), as applicable) is
$20.
Additional tier 2 capital deductions equal $2.
• The subsidiary’s total capital minority interest (that is,
owned by minority shareholders) is $14.
• Subsidiary A has $8 of minority interest in the form of
tier 2 instruments (that is, owned by minority shareholders).
• Subsidiary B has $6 of minority interest in the form of
tier 2 instruments (that is, owned by minority shareholders).
(ii) Advanced approaches holding companies:
Report the amount of total capital minority interest not
included in tier 1 capital, as described below. For each
consolidated subsidiary, perform the calculations in
Schedule HC-R
FR Y-9C
June 2020
Schedule HC-R
steps (1) through (10) below. Sum the results for each
consolidated subsidiary and report the aggregate number
in this item 39.
Example and a worksheet calculation: calculate total
capital minority interest that is not included in tier 1
capital includable at the holding company level as follows:
• For this example, assume that risk-weighted assets of
the subsidiary are the same as the risk-weighted assets
of the holding company that relate to the subsidiary
$1,000 in each case.
• Subsidiary’s total capital: $130, which is composed of
subsidiary’s common equity tier 1 capital of $80, and
additional tier 1 capital of $30, and tier 2 capital of $20.
• Subsidiary’s common equity tier 1 capital owned by
minority shareholders: $24.
Assumptions:
• This is a continuation of the example for all holding
companies, except advanced approaches holding companies, used in the instructions for Schedule HC-R,
Part 1, items 4 and 22.
• Subsidiary’s additional tier 1 capital owned by minority shareholders: $15.
• Other relevant numbers are taken from the examples in
Schedule HC-R, Part I, items 4 and 22.
(39.ii) Advanced approaches holding company worksheet
(1)
Determine the risk-weighted assets of the subsidiary.
$1,000
(2)
Using the standardized approach, determine the risk-weighted assets of the reporting institution that relate to the subsidiary. Note that the amount in this step (2) may differ from the
amount in step (1) due to intercompany transactions and eliminations in consolidation.
$1,000
(3)
Determine the lower of (1) or (2), and multiply that amount by 10.5 percent.15
$1,000 x 10.5%
= $105
(4)
Determine the dollar amount of total capital for the subsidiary. If this amount is less than
step (3), enter the sum of common equity tier 1, additional tier 1, and total capital minority
interest ($54 in this example) in step (9). Otherwise continue on to step (5).
$130
(5)
Subtract the amount in step (3) from the amount in step (4). This is the ‘‘surplus total capital of the subsidiary.’’
$130 -$105
(6)
Determine the percent of the subsidiary’s total capital instruments that are owned by third
parties (the minority shareholders).
$24 + $15 + $15
= $54. Then,
$54/$130 =
41.54%
(7)
Multiply the percentage from step (6) by the dollar amount in step (5). This is the “surplus
total capital minority interest of the subsidiary”
41.54% x $25 =
$10.39
(8)
Determine the total amount of total capital minority interest of the subsidiary. Then subtract
the surplus total capital minority interest of the subsidiary (step 7) from this amount.
$24 + $15 + $15
= $54. Then $54 $10.39 = $43.62.
= $25
15. The percentage multiplier in step (3) is the capital ratio necessary for a subsidiary depository institution to avoid restrictions on distributions and
discretionary bonus payments. Advanced approaches holding companies must adjust this amount for all applicable capital buffers.
FR Y-9C
Schedule HC-R
March 2020
HC-R-39
Schedule HC-R
(9)
The ‘‘total capital minority interest includable at holding company level’’ is the amount
from step (8) or step (4) where there is no surplus total capital minority interest of the subsidiary.
$43.62 (report the
lesser of $43.62
or $54; therefore
$43.62).
(10)
Subtract from (9) any minority interest that is included in common equity tier 1 and additional tier 1 capital. The result is the total capital minority interest not included in tier 1
capital includable in total capital.
$43.62 - ($21 +
$9.14) (from
examples in items
4 and 22) =
$13.48.
Line Item 40(a) Allowance for loan and lease
losses includable in tier 2 capital.
Report the portion of the holding company’s allowance
for loan and lease losses (ALLL) or adjusted allowances
for credit losses (AACL) as applicable for regulatory
capital purposes that is includable in tier 2 capital. None
of the holding company’s allocated transfer risk reserve,
if any, is includable in tier 2 capital.
For a holding company that has not adopted FASB
Accounting Standards Update No. 2016-13 (ASU 201613), which governs the accounting for credit losses and
introduces the current expected credit losses methodology (CECL), the holding company’s ALLL for regulatory capital purposes equals Schedule HC, item 4(c),
“Allowance for loan and lease losses,” less any allocated
transfer risk reserve included in Schedule HC, item 4(c),
plus Schedule HC-G, item 3, “Allowance for credit
losses on off-balance sheet credit exposures.”
For a holding company that has adopted ASU 2016-13,
the holding company’s AACL for regulatory capital
purposes equals Schedule HI-B, Part II, item 7, columns A and B, “Balance end of current period” for loans
and leases held for investment and held-to-maturity debt
securities, respectively; plus Schedule HI-B, Part II,
Memorandum item 6, “Allowance for credit losses on
other financial assets measured at amortized cost”; less
Schedule HC-R, Part II, sum of Memorandum items 5(a),
5(b) and 5(c) “Amount of allowances for credit losses on
purchased credit-deteriorated assets” for loans and leases
held for investment, held-to-maturity debt securities, and
other financial assets measured at amortized cost, respectively; less any allocated transfer risk reserve included in
Schedule HI-B, Part II, item 7, columns A and B, and
Memorandum item 6; plus Schedule HC-G, item 3,
“Allowance for credit losses on off-balance sheet credit
exposures.”
HC-R-40
A holding company that has adopted ASU 2016-13 and
has elected to apply the 3-year CECL transition provision
(3-year CECL electing institution) should decrease its
AACL by the applicable AACL transitional amount, in
accordance with section 301 of the regulatory capital
rules. Specifically, a 3-year CECL electing holding company reduces AACL includable in tier 2 capital by
seventy-five percent of its AACL transitional amount
during the first year of the transition period, fifty percent
of its AACL transitional amount during the second year
of the transition period, and twenty-five percent of its
AACL transitional amount during the third year of the
transition period (see Table 2 in the General Instructions
for Schedule HC-R, Part I).
A holding company that has adopted ASU 2016-13 and
has elected to apply the 5-year 2020 CECL transition
provision (5-year CECL electing holding company)
should decrease its AACL by the applicable modified
AACL transitional amount in accordance with section
301 of the regulatory capital rules. Specifically, a 5-year
CECL electing holding company should reduce the
amount of its AACL by 100 percent of its modified
AACL transitional amount during the first and second
years of the transition period, 75 percent of its modified
AACL transitional amount during the third year of the
transition period, 50 percent of its modified AACL
transitional amount during the fourth year of the transition period, and 25 percent of its modified AACL transitional amount during the fifth year of the transition period
(see Example of Application of the 5-Year 2020 CECL
Transition Provision for Third Quarter 2020 in the General Instructions for Schedule HC-R, Part I).
The amount to be reported in this item is the lesser of (1)
the holding company’s ALLL or AACL, as applicable for
regulatory capital purposes, as defined above, or (2) 1.25
percent of the institution’s risk-weighted assets base for
Schedule HC-R
FR Y-9C
June 2021
Schedule HC-R
the ALLL or AACL calculation as reported in Schedule
HC-R, Part II, item 26. In calculating the risk-weighted
assets base for this purpose, a holding company would
not include items that are deducted from capital under
section 22(a). However, a holding company would include
risk-weighted asset amounts of items deducted from
capital under sections 22(c) through (f) of the regulatory
capital rule. While amounts deducted from capital under
section 22(c) through (f) are included in the riskweighted asset base for the ALLL or AACL calculation,
as applicable, such amounts are excluded from standardized total risk-weighted assets used in the denominator of
the risk-based capital ratios.
The amount, if any, by which a holding company’s
ALLL or AACL as applicable for regulatory capital
purposes exceeds 1.25 percent of the holding company’s
risk-weighted assets base for the ALLL or AACL calculation (as reported in Schedule HC-R, Part II, item 26)
should be reported in Schedule HC-R, Part II, item 29,
“LESS: Excess allowance for loan and lease losses.”
For a holding company that has not adopted ASU
2016-13, the sum of the amount of ALLL reported in
Schedule HC-R, Part I, item 40(a), plus Schedule HC-R,
Part II, item 29, must equal Schedule HC, item 4(c), less
Schedule HI-B, Part II, Memorandum item 1, plus Schedule HC-G, item 3.
NOTE: Item 40.b is to be completed only by advanced
approaches holding companies that exit parallel run.
Item 40.b is not applicable to non-advanced approaches
holding companies.
Line Item 40(b) Advanced approaches holding
companies that exit parallel run only: eligible credit
reserves includable in tier 2 capital.
Report the amount of eligible credit reserves includable
in tier 2 capital as reported in FFIEC 101 Schedule A,
item 50.
An advanced approaches holding company that has
exited parallel run, has adopted Accounting Standards
Update No. 2016-13 (ASU 2016-13) on credit losses, and
has elected to apply the 3-year CECL transition provision
(3-year CECL electing advanced approaches holding
company) should decrease its eligible credit reserves by
the applicable eligible credit reserves transitional amount
in accordance with section 301 of the regulatory capital
rules. Specifically, a 3-year CECL electing advanced
approaches holding company should reduce the amount
FR Y-9C
Schedule HC-R
March 2021
of its eligible credit reserves by 75 percent of its eligible
credit reserves transitional amount during the first year of
the transition period, 50 percent of its eligible credit
reserves transitional amount during the second year of
the transition period, and 25 percent of its eligible credit
reserves transitional amount during the third year of the
transition period.
An advanced approaches holding company that has
exited parallel run, has adopted ASU 2016-13, and has
elected to apply the 5-year 2020 CECL transition provision (5-year CECL electing advanced approaches holding company) should decrease its eligible credit reserves
by the applicable eligible credit reserves transitional
amount in accordance with section 301 of the regulatory
capital rules. Specifically, a 5-year CECL electing
advanced approaches holding company should reduce the
amount of its eligible credit reserves by 100 percent of its
eligible credit reserves transitional amount during the
first and second years of the transition period; 75 percent
of its eligible credit reserves transitional amount during
the third year of the transition period; 50 percent of its
eligible credit reserves transitional amount during the
fourth year of the transition period; and 25 percent of its
eligible credit reserves transitional amount during the
fifth year of the transition period (see Example of Application of the 5-Year 2020 CECL Transition Provision in
the General Instructions for HC-R, Part I).
Line Item 41 Not applicable
Line Item 42(a) Tier 2 capital before deductions.
Report the sum of Schedule HC-R, Part 1, items 37
through 40(a).
NOTE: Item 42.b is to be completed only by advanced
approaches holding companies that exit parallel run.
Item 42.b is not applicable to non-advanced approaches
holding companies.
Line Item 42(b)—Advanced approaches holding
companies that exit parallel run only: tier 2 capital
before deductions.
Report the sum of Schedule HC-R, Part 1, items 37
through 39, plus item 40(b).
Line Item 43 LESS: Tier 2 capital deductions.
Report total tier 2 capital deductions as the sum of the
following elements:
HC-R-41
Schedule HC-R
Note that a holding company should report tier 2 capital
deductions in Schedule HC-R, Part I, item 43 irrespective
of the amount of tier 2 capital before deductions reported
in Schedule HC-R, Part I, item 42(a). If holding company
does not have a sufficient amount of tier 2 capital before
deductions in Schedule HC-R, Part I, item 42(a) to
absorb these deductions, then the holding company must
deduct the shortfall from additional tier 1 capital before
deductions in Schedule HC-R, Part 1, item 24, or, if there
is not enough additional tier 1 capital before deductions,
from common equity tier 1 capital in Schedule HC-R,
Part 1, item 17.
For example, if a holding company reports $98 of ‘‘tier 2
capital before deductions’’ in item 42(a) and must make
$110 in tier 2 capital deductions, the holding company
would report $110 in item 43, and would include the
additional $12 in deductions in Schedule HC-R, Part 1,
item 24 (and in Schedule HC-R, Part 1, item 17, in the
case of insufficient “Additional tier 1 capital before
deductions” in item 23 from which to make the deduction
in Schedule HC-R, item 24), and report $0 in item 44(a),
“Tier 2 capital.”
In addition, advanced approaches holding companies
with insufficient tier 2 capital for deductions will make
the following adjustments: an advanced approaches holding company will make deductions on this schedule
under the generally applicable rules that apply to all
holding companies. It will use FFIEC 101, Schedule A,
to calculate its capital requirements under the advanced
approaches rule. Therefore, in the case of an advanced
approaches holding company with insufficient tier 2
capital to make tier 2 deductions, it will use the corresponding deduction approach and the generally applicable rules to take excess tier 2 deductions from additional
tier 1 capital in Schedule HC-R, item 24, and if necessary
from common equity tier 1 capital in Schedule HC-R,
item 17. It will use the advanced approaches rules to take
deductions on the FFIEC 101 form.
For example, assume tier 2 capital is $100 under the
advanced approaches rule and $98 under the generally
applicable rules (due to the difference between the
amount of eligible credit reserves includable in tier 2
capital under the advanced approaches, and ALLL or
AACL, as applicable, includable in tier 2 capital under
the standardized approach). If the required deduction
from tier 2 capital is $110, then the advanced approaches
holding company would add $10 to the required addiHC-R-42
tional tier 1 capital deductions (on FFIEC 101, Schedule A, line 42, and FFIEC 101, Schedule A, line 27, if
necessary), and would add $12 to its required additional
tier 1 capital deductions for the calculation of the standardized approach regulatory capital ratios in this schedule (Schedule HC-R, item 24, and Schedule HC-R,
item 17, if necessary).
(i) Non-advanced approaches holding companies
(1) Investments in own tier 2 capital instruments.
Report the holding company’s investments in (including
any contractual obligation to purchase) its own tier 2
instruments, whether held directly or indirectly.
A holding company may deduct gross long positions net
of short positions in the same underlying instrument only
if the short positions involve no counterparty risk.
The holding company must look through any holdings of
index securities to deduct investments in its own capital
instruments. In addition:
(i)
Gross long positions in investments in a holding
company’s own regulatory capital instruments
resulting from holdings of index securities may be
netted against short positions in the same index;
(ii) Short positions in index securities that are hedging long cash or synthetic positions can be decomposed to recognize the hedge; and
(iii) The portion of the index that is composed of the
same underlying exposure that is being hedged
may be used to offset the long position if both the
exposure being hedged and the short position in
the index are covered positions under the market
risk capital rule, and the hedge is deemed effective by the holding company’s internal control
processes.
(2) Reciprocal cross-holdings in the capital of financial institutions.
Include investments in the tier 2 capital instruments of
other financial institutions that the holding company
holds reciprocally, where such reciprocal crossholdings
result from a formal or informal arrangement to swap,
exchange, or otherwise intend to hold each other’s capital
instruments.
(3) Investments in the capital of unconsolidated financial institutions that exceed the 25 percent threshold to be deducted from tier 2.
Schedule HC-R
FR Y-9C
March 2020
Schedule HC-R
Report the total amount of investments in the capital of
unconsolidated financial institutions in the form of tier 2
capital that exceed the 25 percent threshold.
Calculate the amount as follows:
(1) Determine the amount of investments in the capital
of unconsolidated financial institutions, net of associated DTLs.
(2) If the amount in (1) is greater than 25 percent of
Schedule HC-R, Part 1, item 12 (Column A), report
the difference across Schedule HC-R, Part I,
items 13.a, 24 or 43, depending on the tier of capital
the investments in the capital of unconsolidated
financial institutions qualifies. The holding company
can elect which investments it must deduct and
which it must risk weight. Depending on the holding
company’s election and the component of capital for
which the underlying instrument would qualify will
determine if it will be deducted and reported in
Schedule HC-R, Part I, item 13.a or be deducted and
reported in Schedule HCR, Part I, item 24 or 43.
(3) If the amount in (1) is less than 25 percent of
Schedule HC-R, Part I, item 12 (Column A), no
deduction is needed.
See Schedule HC-R, Part I, item 13.a for an example of
how to deduct amounts of investments in the capital of
unconsolidated financial institutions that exceed the
25 percent threshold.
(4) Other adjustments and deductions.
Include any other applicable adjustments and deductions
applied to tier 2 capital in accordance with the regulatory
capital rules of the Board.
(ii) Advanced approaches holding companies
(1) Investments in own tier 2 capital instruments.
Report the holding company’s investments in (including
any contractual obligation to purchase) its own tier 2
instruments, whether held directly or indirectly. Also
report investments in (including any contractual obligation to purchase) its own covered debt instruments, as
applicable, whether held directly or indirectly.
A holding company may deduct gross long positions net
of short positions in the same underlying instrument only
if the short positions involve no counterparty risk.
FR Y-9C
Schedule HC-R
June 2021
The holding company must look through any holdings of
index securities to deduct investments in its own capital
instruments. In addition:
(i) Gross long positions in investments in an institution’s own regulatory capital instruments resulting
from holdings of index securities may be netted
against short positions in the same index;
(ii) Short positions in index securities that are hedging
long cash or synthetic positions can be decomposed to recognize the hedge; and
(iii) The portion of the index that is composed of the
same underlying exposure that is being hedged
may be used to offset the long position if both the
exposure being hedged and the short position in the
index are covered positions under the market risk
capital rule, and the hedge is deemed effective by
the institution’s internal control processes.
(2) Reciprocal cross-holdings in the capital of financial institutions.
Include investments in the tier 2 capital instruments of
other financial institutions that the institution holds reciprocally, where such reciprocal crossholdings result from
a formal or informal arrangement to swap, exchange, or
otherwise intend to hold each other’s capital instruments.
Also include investments in the covered debt instruments
of other financial institutions that the holding company
holds reciprocally, where such reciprocal crossholdings
result from a formal or informal arrangement to swap,
exchange, or otherwise intend to hold each other’s instruments.
(3) A global systemically important BHC, as defined
in 12 CFR 217.2, or a Board-regulated holding
company that is a subsidiary of a global systemically important banking organization, as defined
in 12 CFR 252.2: investments in non-qualifying
excluded covered debt instruments.
Report the amount of any investment, on a gross long
basis, in a covered debt instrument that was originally designated as an excluded covered debt instrument, in accordance with 12 CFR 217.22(c)(4)(iv)(A),
but is:
• no longer held in connection with market makingrelated activities permitted under 12 CFR 248.4; or
• a direct exposure or an indirect exposure to a
covered debt instrument held in connection with
HC-R-43
Schedule HC-R
market making-related activities permitted under
12 CFR 248.4 and has been held for more than
30 business days.
Such an institution must also report its aggregate
investment in excluded covered debt instruments that
exceeds 5 percent of the institution’s common equity
tier 1 capital, calculated as follows:
(1) Determine the aggregate amount of investments
in excluded covered debt instruments measured
on a gross long basis in accordance with 12 CFR
217.22(h)(2).
(2) If the amount in (1) is greater than 5 percent of
the amount reported in Schedule HC_R, Part I,
item 12, column B, report the difference in this
item 43.
(4) Non-significant investments in tier 2 capital and
covered debt instruments of unconsolidated financial institutions that exceed the 10 percent threshold for non-significant investments.
A global systemically important BHC, as defined in
12 CFR 217.2, or a Board-regulated holding company that is a subsidiary of a global systemically
important banking organization, as defined in 12
CFR 252.2, should proceed directly to step (2).
(2) Determine the aggregate amount of nonsignificant investments in the capital of unconsolidated financial institutions in the form of
common stock, additional tier 1, tier 2 capital,
and covered debt instruments.
(3) Determine the amount of non-significant investments in the capital of unconsolidated financial
institutions in the form of tier 2 capital and
covered debt instruments.
(4) If (2) is greater than the 10 percent threshold for
non-significant investments (Schedule HC-R,
item 11, step (4)), then, multiply the difference
by the ratio of (3) over (2). Report this product in
this line item.
(5) If (2) is less than the 10 percent threshold for
non-significant investments, enter zero.
(5) Significant investments in the capital of unconsolidated financial institutions not in the form of
common stock to be deducted from tier 2 capital.
Report the total amount of significant investments in
the capital of unconsolidated financial institutions in
the form of tier 2 capital and covered debt instruments.
Calculate this amount as described below.
(1) A holding company subject to the advanced
approaches rule that is not a global systemically important BHC, as defined in 12
CFR 217.2, or a Board-regulated holding company that is a subsidiary of a global systemically important banking organization, as
defined in 12 CFR 252.2: determine the amount
of covered debt instruments subject to the
non-significant investments threshold.
(i)
Determine the aggregate amount of investments in covered debt instruments measured on a gross long basis in accordance
with §217.22(h)(2).
(ii) If the amount in (i) is greater than 5 percent of the amount of Schedule HC-R,
item 12, report the difference, on a net
long position basis in accordance with
§217.22(h)(1), in steps (2) and (3) below
as the holding company’s amount of “covered debt instruments.”
HC-R-44
(6) Other adjustments and deductions.
Include any other applicable adjustments and deductions applied to tier 2 capital in accordance with the
regulatory capital rules of the Board.
Line Item 44(a) Tier 2 capital.
Report the greater of Schedule HC-R, Part 1, item 42(a)
less item 43, or zero.
NOTE: Item 44.b is to be completed only by advanced
approaches holding companies that exit parallel run.
Item 44.b is not applicable to non-advanced approaches
holding companies.
Line Item 44(b)—Advanced approaches holding
companies that exit parallel run only: Tier 2 capital.
Report the greater of Schedule HC-R, Part 1, item 42(b)
less item 43, or zero.
Schedule HC-R
FR Y-9C
June 2021
Schedule HC-R
Total capital
Line Item 45(a) Total capital.
Report the sum of Schedule HC-R, Part 1, items 26
and 44(a).
NOTE: Item 45.b is to be completed only by advanced
approaches holding companies that exit parallel run.
Item 45.b is not applicable to non-advanced approaches
holding companies.
Line Item 45(b)—Advanced approaches holding
companies that exit parallel run only: Total capital.
Report the sum of Schedule HC-R, Part 1, items 26
and 44(b).
Total risk-weighted assets
Line Item 46(a) Total risk-weighted assets.
Report the amount of total risk-weighted assets using the
standardized approach (as reported in Schedule HC-R,
Part II, item 31).
NOTE: Item 46.b is to be completed only by advanced
approaches holding companies that exit parallel run.
Item 46.b is not applicable to non-advanced approaches
holding companies.
Line Item 46(b)—Advanced approaches holding
companies that exit parallel run only: Total
risk-weighted assets using advanced approaches
rules.
Column A: divide Schedule HC-R Part I, item 19,
column A or B, as applicable, by item 46(a).
Advanced approaches holding companies that exit parallel run only: Column B: divide Schedule HC-R, Part I,
item 19, column B, by item 46(b). The lower of the
reported capital ratios in column A and Column B will
apply for prompt corrective action purposes.
Line Item 48 Tier 1 capital ratio.
Report the holding company’s tier 1 risk-based capital
ratio as a percentage, rounded to four decimal places.
Column A: divide Schedule HC-R, Part I, item 26 by
item 46(a).
Advanced approaches holding companies that exit parallel run only: Column B: divide Schedule HC-R, Part I,
item 26 by item 46(b). The lower of the reported capital
ratios in this item 48, column A and Column B will apply
for prompt corrective action purposes.
Line Item 49 Total capital ratio.
Report the holding company’s total risk-based capital
ratio as a percentage, rounded to four decimal places.
Column A: divide Schedule HC-R, Part I, item 45(a) by
item 46(a).
Advanced approaches holding companies that exit parallel run only: Column B: divide Schedule HC-R, Part I,
item 45(b) by item 46(b). The lower of the reported
capital ratios in this item 49, column A and Column B
will apply for prompt corrective action purposes.
Report the amount from FFIEC 101 Schedule A, item 60.
Risk-based capital ratios
Holding companies that are non-advanced approaches
holding companies must report Schedule HC-R, Part 1,
items 47 through 49, Column A, only. Column B does
not apply to these holding companies.
Advanced approaches holding companies that exit parallel run only: must report Schedule HC-R, Part 1, items 47
through 49, Columns A and B, as described below.
Line Item 47 Common equity tier 1 capital ratio.
Report the holding company’s common equity tier 1
risk-based capital ratio as a percentage, rounded to four
decimal places.
FR Y-9C
Schedule HC-R
March 2020
Capital Buffer for Holding Companies
Not Subject to the Capital Plan Rule
(items 50-52)
For all holding companies: In order to avoid limitations
on distributions, including dividend payments, and certain discretionary bonus payments to executive officers, a
holding company must hold an institution specific capital
buffer16 above its minimum risk-based capital requirements.
16. Advanced approaches holding companies, including those that have
not exited parallel run, and Category III holding companies will need to
consult the regulatory capital rules if the countercyclical capital buffer is in
place or if the holding company is subject to countercyclical capital buffers
in other jurisdictions. The total applicable capital buffer requirement appli-
HC-R-45
Schedule HC-R
Line Item 50 Capital conservation buffer.
Report the holding company’s capital conservation buffer
as a percentage, rounded to four decimal places. Except
as described below, the capital conservation buffer is
equal to the lowest of ratios of (1), (2), (3) below:
For example, the capital buffer to be reported in this
item 50 for the December 31, 2020, report date would be
based on the capital ratios reported in Schedule HC-R,
Part I, of the FRY9C Report for December 31, 2020.
For all holding companies, except advanced
approaches holding companies not subject to the
Capital Plan Rule, that exit parallel run:
(1) Schedule HC-R, Part I, item 47, Column A, less
4.5000, which is the minimum common equity tier 1
capital ratio requirement under section 10 of the
regulatory capital rules;
(2) Schedule HC-R, Part I, item 48, Column A, less
6.0000 percent, which is the minimum tier 1 capital
ratio requirement under section 10 of the regulatory
capital rule;
(3) Schedule HC-R, Part I, item 49, Column A, less
8.0000 percent, which is the minimum total capital
ratio requirement under section 10 of the regulatory
capital rules.
However, if any of the three ratios calculated above is
less than zero (i.e., is negative), the holding company’s
capital conservation buffer is zero.
For advanced approaches holding companies not
subject to the Capital Plan Rule that exit parallel
run only:
(1) The lower of Schedule HC-R, Part I, item 47, column
A and column B, less 4.5000 percent, which is the
minimum common equity tier 1 capital ratio requirement under section 10 of the regulatory capital rules;
(2) The lower of Schedule HC-R, Part I, item 48, column
A and column B, less 6.0000 percent, which is the
minimum tier 1 capital ratio requirement under section 10 of the regulatory capital rules; and
cable to an advanced approaches holding company or Category III holding
company as of the quarter-end report date should be reported in Schedule
HC-R, Part I, item 50.
HC-R-46
(3) The lower of Schedule HC-R, Part I, item 49, column A and column B, less 8.0000 percent, which is
the minimum total capital ratio requirement under
section 10 of the regulatory capital rules.
However, if any of the three ratios calculated above is
less than zero (i.e., is negative), the holding company’s
capital conservation buffer is zero.
NOTE: Holding companies that are not subject to the
capital plan rule must complete items 51 and 52 if the
amount in item 50 is less than or equal to the required
minimum capital conservation buffer of 2.5000 percent (plus any other applicable capital buffers, if the
institution is an advanced approaches holding company).
Line Item 51 Eligible retained income.
Report the amount of eligible retained income as the
greater of (1) the reporting holding company’s net
income for the four preceding calendar quarters, net of
any distributions and associated tax effects not already
reflected in net income, and (2) the average of the
reporting holding company’s net income over the four
preceding calendar quarters. (See the instructions for
Schedule HC-R, Part I, item 52, for the definition of
“distributions” from section 2 of the regulatory capital
rules.)
For purposes of this item 51, the four preceding calendar
quarters refers to the calendar quarter ending on the last
day of the current reporting period and the three preceding calendar quarters as illustrated in the example below.
The average of an holding company’s net income over
the four preceding calendar quarters refers to the average
of three-month net income for the calendar quarter
ending on the last day of the current reporting period and
the three-month net income for the three preceding
calendar quarters as illustrated in the example below.
Example and a worksheet calculation:
Assumptions:
• Eligible retained income is calculated for the FR Y-9C
report date of March 31, 2020.
• The holding company reported the following on its FR
Y-9C reports in Schedule HI, Income Statement,
item 14, “Net income (loss) attributable to bank
(item 12 minus item 13)”:
Schedule HC-R
FR Y-9C
March 2021
Schedule HC-R
Amount
Reported
in Item 14
ThreeMonth
Net Income
March 31, 2019
$400 (A)
$400
June 30, 2019
$900 (B)
$500 (B-A)
September 30, 2019
$1,500 (C)
$600 (C-B)
December 31, 2019
$1,900 (D)
$400 (D-C)
$200 (E)
$200 (E)
FR Y-9C
Report Date
March 31, 2020
• The distributions and associated tax effects not already
reflected in net income (e.g., dividends declared on the
holding company’s common stock between April 1,
2019, and March 31, 2020) in this example are $400 in
each of the four preceding calendar quarters.)
Q2
2019
Q3
2019
Q4
2019
Q1
2020
Net Income
$500
$600
$400
$200
Adjustments for
distributions and
associated tax
effects not
already reflected
in net income
($400)
($400)
-400
-400
Adjusted Net
Income
(Net Income Adjustments)
(1)
(2)
$100
$200
Calculate a holding company’s
net income for the four preceding calendar quarters, net of any
distributions and associated tax
effects not already reflected in
net income.
Calculate the average of a
holding company’s threemonth net income over the
four preceding calendar quarters.
FR Y-9C
Schedule HC-R
March 2021
$0
($200)
$100 + $200
+ $0 + ($200)
= $100
(3)
Take the greater of step (1) and
step (2) and report the amount
in Schedule HC-R, Part I,
item 51.
$425
*From a practical perspective, a holding company may use
the year-to-date net income reflected in Schedule HI,
item 14, for December 31, 2019; subtract from it the net
income reflected in Schedule HI, item 14, for March 31,
2019; and then add the net income in Schedule HI,
item 14, for March 31, 2020, to calculate the numerator in
step 2, above. For the example above, the average of a
holding company’s three month net income over the four
preceding calendar quarters would be: ($1,900 (D) less
$400 (A) plus $200 (E)) divided by 4 = $425.
Line Item 52 Distributions and discretionary
bonus payments during the quarter.
Holding companies must complete this item only if the
amount of its institution specific capital buffer, reported
as of the previous calendar quarter-end report date was
less than its applicable required buffer percentage on that
previous calendar quarter-end report date. For an institution that must complete this item 52, report the amount of
distributions and discretionary bonus payments during
the calendar quarter ending on the report date.
For example
• A holding company must report the amount of distributions and discretionary bonus payments made during
the calendar quarter ending June 30, 2020, in this item
52 in its June 30, 2020, FR Y-9C report only if the
amount of its capital conservation buffer as reported in
Schedule HC-R, Part I, item 50, in its March 31, 2020,
FR Y-9C report was less than or equal to 2.5000
percent
As defined in section 2 of the regulatory capital rules,
“distribution” means:
($500 + $600
+ $400 + $200)
/ 4 = $425*
(1) A reduction of tier 1 capital through the repurchase
of a tier 1 capital instrument or by other means,
except when a holding company, within the same
quarter when the repurchase is announced, fully
replaces a tier 1 capital instrument it has repurchased
by issuing another capital instrument that meets the
eligibility criteria for:
HC-R-47
Schedule HC-R
(i) A common equity tier 1 capital instrument if
the instrument being repurchased was part of
the holding company’s common equity tier 1
capital, or
(ii) A common equity tier 1 or additional tier 1
capital instrument if the instrument being
repurchased was part of the holding company’s tier 1 capital;
(2) A reduction of tier 2 capital through the repurchase,
or redemption prior to maturity, of a tier 2 capital
instrument or by other means, except when a holding
company, within the same quarter when the repurchase or redemption is announced, fully replaces a
tier 2 capital instrument it has repurchased by issuing
another capital instrument that meets the eligibility
criteria for a tier 1 or tier 2 capital instrument;
(3) A dividend declaration or payment on any tier 1
capital instrument;
chief risk officer, or head of a major business line, and
other staff that the board of directors of the holding
company deems to have equivalent responsibility.
Supplementary Leverage Ratio
Line Item 53 Advanced approaches holding
companies and holding companies subject to
category III capital standards only: Supplementary
leverage ratio.
Long-Term Debt and Total Loss-Absorbing Capacity
(TLAC)
Line items 54 and 55 should only be reported by a global
systemically important BHC, as defined in 12 CFR 217.2,
(top-tier BHC of U.S. GSIB) or an intermediate holding
company that is required to be established pursuant to 12
CFR 252.153 and is controlled by a global systemically
important foreign banking organization, as defined in 12
CFR 252.2 (IHC of foreign GSIB).
(4) A dividend declaration or interest payment on any
tier 2 capital instrument if the holding company has
full discretion to permanently or temporarily suspend
such payments without triggering an event of default;
or
Line Item 54 Outstanding eligible long-term debt
(5) Any similar transaction that the Federal Reserve
determines to be in substance a distribution of capital.
(1) 100 percent of the amount due to be paid of unpaid
principal of the outstanding eligible debt securities
issued by the top-tier BHC of the U.S. GSIB in
greater than or equal to 730 days (two years); and
As defined in section 2 of the regulatory capital rules,
“discretionary bonus payment” means a payment made to
an executive officer of an institution, where:
(1) The holding company retains discretion as to whether
to make, and the amount of, the payment until the
payment is awarded to the executive officer;
(2) The amount paid is determined by the holding company, without prior promise to, or agreement with,
the executive officer; and
(3) The executive officer has no contractual right, whether
express or implied, to the bonus payment.
As defined in section 2 of the regulatory capital rules,
“executive officer” means a person who holds the title or,
without regard to title, salary, or compensation, performs
the function of one or more of the following positions:
president, chief executive officer, executive chairman,
chief operating officer, chief financial officer, chief investment officer, chief legal officer, chief lending officer,
HC-R-48
(i) Top-tier BHCs of U.S. GSIBs:
Report the outstanding eligible external long-term debt
amount, which is the sum of:
(2) 50 percent of the amount due to be paid of unpaid
principal of the outstanding eligible debt securities
issued by the top-tier BHC of the U.S. GSIB in
greater than or equal to 365 days (one year) and less
than 730 days (two years); and
(3) Zero percent of the amount due to be paid of unpaid
principal of the outstanding eligible debt securities
issued by the top-tier BHC of the U.S. GSIB in less
than 365 days (one year).
See 12 CFR 252.61 for the definition of eligible debt
security under the Board’s TLAC rule. See 12
CFR 252.62(b)(2) for the definition of the date on which
principal is due to be paid on an outstanding eligible debt
security is calculated.
(ii) IHCs of foreign GSIBs:
Report the outstanding eligible long-term debt amount,
which is the sum of:
Schedule HC-R
FR Y-9C
June 2021
Schedule HC-R
(1) 100 percent of the amount of the outstanding eligible
Covered IHC debt securities issued by the IHC due
to be paid in greater than or equal to 730 days (two
years); and
(2) 50 percent of the amount of the outstanding eligible
Covered IHC debt securities issued by the IHC due
to be paid in greater than or equal to 365 days (one
year) and less than 730 days (two years).
(3) Zero percent of the amount of the outstanding eligible Covered IHC debt securities issued by the IHC
due to be paid in less than 365 days (one year).
See 12 CFR 252.161 for the definition of eligible Covered IHC debt security under the Board’s TLAC rule. See
12 CFR 252.162(b)(2) for the definition of the date on
which principal is due to be paid on an outstanding
eligible debt security is calculated.
company that is incorporated or organized outside of
the United States and that directly or indirectly
controls the IHC,;
(2) The IHC’s additional tier 1 capital, as reported on
Schedule HC-R, Part I, item 25 (excluding any
additional tier 1 minority interest, as reported on
Schedule HC-R, Part I, item 22), held by a company
that is incorporated or organized outside of the
United States and that directly or indirectly controls
the IHC; and
(3) The IHC’s outstanding eligible long-term debt
amount, as reported in item 54, plus 50 percent of the
amount of unpaid principal of outstanding eligible
Covered IHC debt securities issued by the IHC due
to be paid in greater than or equal to 365 days (one
year) but less than 730 days (two years).
Line Item 55 Total loss-absorbing capacity
(iii) IHCs of foreign GSIBs identified as resolution
IHCs pursuant to 12 CFR 252.164:
(i) Top-tier BHCs of U.S. GSIBs:
Report total loss absorbing capacity, which is the sum of:
Report external total loss-absorbing capacity, which is
the sum of:
(1) The IHC’s common equity tier 1 capital, as reported
on Schedule HC-R, Part I, item 19, minus any
common equity tier 1 minority interest, as reported
on Schedule HC-R, Part I, item 4;
(1) The top-tier BHC of the U.S. GSIB’s common equity
tier 1 capital, as reported on Schedule HC-R, Part I,
item 19, minus any common equity tier 1 minority
interest, as reported on Schedule HC-R, Part I,
item 4;
(2) The top-tier BHC of the U.S. GSIB’s additional tier 1
capital, as reported on Schedule HC-R, Part I,
item 25, minus any additional tier 1 minority interest,
as reported on Schedule HC-R, Part I, item 22; and
(3) The top-tier BHC of the U.S. GSIB’s outstanding
eligible external long-term debt amount, as reported
in item 54, plus 50 percent of the amount due to be
paid of unpaid principal of outstanding eligible debt
securities issued by the top-tier BHC of the U.S.
GSIB in greater than or equal to 365 days (one year)
but less than 730 days (two years).
(ii) IHCs of foreign GSIBs identified as non-resolution
IHCs pursuant to 12 CFR 252.164:
Report total loss absorbing capacity, which is the sum of:
(1) The IHC’s common equity tier 1 capital, as reported
on Schedule HC-R, Part I, item 19 (excluding any
common equity tier 1 minority interest, as reported
on Schedule HC-R, Part I, item 4), held by a
FR Y-9C
Schedule HC-R
June 2021
(2) The IHC’s additional tier 1 capital, as reported on
Schedule HC-R, Part I, item 25, minus any additional
tier 1 minority interest, as reported on Schedule HC-R, Part I, item 22; and
(3) The IHC’s outstanding eligible long-term debt
amount, as reported in item 54, plus 50 percent of the
amount due to be paid of unpaid principal of outstanding eligible Covered IHC debt securities issued
by the IHC in greater than or equal to 365 days (one
year) but less than 730 days (two years).
Long-Term Debt and Total Loss-Absorbing Capacity
Ratios
Line items 56 through 59 should only be reported by a
global systemically important BHC, as defined in 12
CFR 217.2, (top-tier BHC of U.S. GSIB) or an intermediate holding company that is required to be established
pursuant to 12 CFR 252.153 and is controlled by a global
systemically important foreign banking organization, as
defined in 12 CFR 252.2 (IHC of foreign GSIB).
These line items should be reported as ratios as a
percentage, rounded to four decimal places.
HC-R-49
Schedule HC-R
Line Item 56 LTD and TLAC total risk-weighted
assets ratios.
Column A: divide Schedule HC-R Part I, item 54 by
item 46(a).
Column B: divide Schedule HC-R Part I, item 55 by
item 46(a).
Line Item 57 LTD and TLAC total risk-weighted
assets ratios using advanced approaches rule.
Column B: Report 2.5000 percent, if applicable
Line Item 60(b) of which: GSIB surcharge (if
applicable)
Column A: Report the holding company’s GSIB surcharge as determined under 12 CFR 217.11 (c), if
applicable.
Only top-tier BHCs of U.S. GSIBs report this line item.
Column B: Report the holding company’s GSIB surcharge as determined under 12 CFR 217.11 (c), if
applicable.
Column A: divide Schedule HC-R Part I, item 54 by
item 46(b).
Line Item 60(c) of which: Countercyclical capital
buffer amount (if applicable)
Column B: divide Schedule HC-R Part I, item 55 by
item 46(b).
Column A: Report the countercyclical capital buffer
amount as determined under 12 CFR 217.11 (b). If
applicable, report that amount reported in FFIEC 101,
Schedule A, item 66.
Line Item 58 LTD and TLAC leverage ratios
Note: only IHCs of foreign GSIBs report this line item.
Column A: divide Schedule HC-R Part I, item 54 by
item 30.
Column B: divide Schedule HC-R Part I, item 55 by
item 30.
Line Item 59 LTD and TLAC supplementary
leverage ratios
Only holding companies subject to Category I, II, or III
standards report this line item.
Column A: divide Schedule HC-R Part I, item 54 by
FFIEC 101 Schedule A, Table 2, item 2.21.
Column B: divide Schedule HC-R Part I, item 55 by
FFIEC 101 Schedule A, Table 2, item 2.21.
Risk-Based Capital Buffer for Holding Companies
Subject to the Capital Plan Rule Only:
For line items 60 and 61, Column A reflects buffer
calculations under the standardized approach, Column B
represents buffer calculations under the advanced
approaches.
Line Item 60 Capital conservation buffer
requirement (sum of items 60.a through 60.c)
Column B: Report the countercyclical capital buffer
amount as determined under 12 CFR 217.11 (b). If
applicable, report that amount reported in FFIEC 101,
Schedule A, item 66.
Line Item 61 Capital conservation buffer
Column A: Report the holding company’s standardized
approach capital conservation buffer as a percentage,
rounded to four decimal places. Except as described
below, the standardized approach capital conservation
buffer is equal to the lowest of the following ratios:
(1) Schedule HC-R, Part I, item 47, Column A,
less 4.5000, which is the minimum common equity
tier 1 capital ratio requirement under section 10 of
the regulatory capital rules;
(2) Schedule HC R, Part I, item 48, Column A, less
6.0000 percent, which is the minimum tier 1 capital
ratio requirement under section 10 of the regulatory
capital rule;
(3) Schedule HC-R, Part I, item 49, Column A, less
8.0000, which is the minimum total capital ratio
requirement under section 10 of the regulatory capital rules.
Line Item 60(a) of which: Stress capital buffer or
2.5000 percent (for advanced approaches)
However, if any of the three ratios calculated above is
less than zero (i.e., is negative), the holding company’s
standardized approach capital conservation buffer is zero.
Column A: Report the holding company’s stress capital
buffer requirement as determined under 12 CFR 225.8.
For example, for the December 31, 2020 report date, the
standardized approach capital conservation buffer reported
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June 2021
Schedule HC-R
in item 61 would be equal to the lower of (1), (2), and (3)
(floored at zero), using items 47, 48, and 49, respectively,
as reported for the December 31, 2020 report date.
and will be required to complete Schedule HC-R Part I,
items 66 through 69.
Column B: Report the holding company’s advanced
approaches capital conservation buffer as a percentage,
rounded to four decimal places. Except as described
below, the advanced approaches capital conservation
buffer is equal to the lowest of the following ratios:
Report the top-tier BHC’s TLAC risk-weighted buffer as
a percentage, rounded to four decimal places, which is
calculated as:
(1) Schedule HC-R, Part I, item 47, Column B,
less 4.5000, which is the minimum common equity
tier 1 capital ratio requirement under section 10 of
the regulatory capital rules;
(i) Top-tier BHCs of U.S. GSIBs:
The top-tier BHC’s common equity tier 1 capital ratio
(the lower of Schedule HC-R, Part I, item 47, Column A
and Column B) (expressed as a percentage), minus the
greater of zero and the following amount:
(1) 18 percent; minus
(2) Schedule HC R, Part I, item 48, Column B, less
6.0000 percent, which is the minimum tier 1 capital
ratio requirement under section 10 of the regulatory
capital rule schedule HC-R, Part I, item 49, Column B, less 8.0000 percent, which is the minimum
total capital ratio requirement under section 10 of the
regulatory capital rules.
(2) The ratio (expressed as a percentage) of the top tier
BHC’s additional tier 1 capital (as reported on
Schedule HC-R, Part I, item 25), minus any additional tier 1 minority interest (as reported on Schedule HC-R, Part I, item 22), to its total risk-weighted
assets (the larger of Schedule HC-R, Part I, items 46.a
and 46.b); and minus
TLAC Buffers
(3) The ratio (expressed as a percentage) of the global
systemically important BHC’s outstanding eligible
external long-term debt amount (as reported on
Schedule HC-R, Part I, item 54) to total riskweighted assets (the larger of Schedule HC-R, Part I,
items 46.a and 46.b).
Line Item 62 Institution-specific TLAC buffer
necessary to avoid limitations on distributions and
discretionary bonus payments.
Line item 62 should only be reported by top-tier BHCs of
U.S. GSIBs and the IHCs of foreign GSIBs.
Line item 62(a) TLAC risk-weighted buffer.
In order to avoid limitations on distributions, including
dividend payments, and certain discretionary bonus payments to executive officers, a top-tier BHC of a U.S. GSIB
and the IHC of a foreign GSIB must hold a TLAC buffer
above its minimum risk-based TLAC requirements.
The amount reported in Schedule HC-R, Part I, item 62(a)
must be greater than the following:
Top-tier BHCs of U.S. GSIBs: the sum of 2.5 percent, any
applicable countercyclical capital buffer pursuant to 12
CFR 217.11(b) (expressed as a percentage), and its
method 1 capital surcharge pursuant to subpart H of
Regulation Q (12 CFR 217.400 through 217.406).
IHCs of Foreign GSIBs: the sum of 2.5 percent and any
applicable countercyclical capital buffer pursuant to 12
CFR 217.11(b) (expressed as a percentage).
Otherwise, the holding company will face limitations on
distributions and certain discretionary bonus payments
FR Y-9C
Schedule HC-R
June 2021
If either of the TLAC total risk weighted asset ratios, as
reported in line item 56, Column B, or item 57, Column B, are less than or equal to 18 percent, the GSIB’s
external TLAC risk-weighted buffer level should be
reported as zero.
(ii) IHCs of foreign GSIBs—has been identified as a
non-resolution IHC pursuant to 12 CFR 252.164:
Report the IHC’s TLAC risk-weighted buffer as a percentage, rounded to four decimal places, which is calculated as:
The IHC’s common equity tier 1 capital ratio (the lower
of Schedule HC-R, Part I, item 47, Column A and
Column B, if applicable) (expressed as a percentage),
minus the greater of zero and the following amount:
(1) 16 percent; minus
(2) The ratio (expressed as a percentage) of the IHC’s
additional tier 1 capital (as reported on Schedule HC-R, Part I, item 25), minus any additional
tier 1 minority interest (as reported on Schedule HC-R, Part I, item 22), held by a company that is
HC-R-51
Schedule HC-R
incorporated or organized outside of the United
States and that directly or indirectly controls the
IHC, to its total risk-weighted assets (the larger of
Schedule HC-R, Part I, items 46.a and 46.b, if
applicable); and minus
In order to avoid limitations on distributions, including
dividend payments, and certain discretionary bonus payments to executive officers, a top-tier BHC of a U.S. GSIB
must hold a TLAC buffer above its minimum leverage
TLAC requirements greater than 2.0 percent.
(3) The ratio (expressed as a percentage) of the IHC’s
outstanding eligible long-term debt amount (as
reported on Schedule HC-R, Part I, item 54) to total
risk-weighted assets (the larger of Schedule HC-R,
Part I, items 46.a and 46.b, if applicable).
Otherwise, the top-tier BHC of a U.S. GSIB will face
limitations on distributions and certain discretionary
bonus payments and will be required to complete Schedule HC-R Part I, items 66 through 69.
If the TLAC total risk weighted asset ratio, as reported in
line item 56, Column B, or, if applicable, item 57,
Column B, are less than or equal to 16 percent, the IHC’s
TLAC risk-weighted buffer level should be reported as
zero.
(iii) IHCs of foreign GSIBs—has been identified as a
resolution IHC pursuant to 12 CFR 252.164:
Report the IHC’s TLAC risk-weighted buffer as a percentage, rounded to four decimal places, which is calculated as:
The IHC’s common equity tier 1 capital ratio (the lower
of Schedule HC-R, Part I, item 47, Column A and
Column B, if applicable) (expressed as a percentage)
minus the greater of zero and the following amount:
(1) 18 percent; minus
(2) The ratio (expressed as a percentage) of the IHC’s
additional tier 1 capital (as reported on Schedule HC-R, Part I, item 25), minus any additional
tier 1 minority interest (as reported on Schedule HC-R, Part I, item 22), to its total risk-weighted
assets (the larger of Schedule HC-R, Part I, items 46.a
and 46.b, if applicable); and minus
(3) The ratio (expressed as a percentage) of the IHC’s
outstanding eligible long-term debt amount (as
reported on Schedule HC-R, Part I, item 54) to total
risk-weighted assets (the larger of Schedule HC-R,
Part I, items 46.a and 46.b, if applicable).
If the TLAC total risk weighted asset ratio, as reported in
line item 56, Column B, or, if applicable, item 57,
Column B, are less than or equal to 18 percent, the IHC’s
TLAC risk-weighted buffer level should be reported as
zero.
Line item 62(b) TLAC leverage buffer.
Line item 62(b) should only be reported by top-tier BHCs
of U.S. GSIBs.
HC-R-52
Report the top-tier BHC’s TLAC leverage buffer as a
percentage, rounded to four decimal places, which is
calculated as:
The top-tier BHC’s supplementary leverage ratio (as
reported on Schedule HC-R, Part I, item 53) (expressed
as a percentage), minus the greater of zero and the
following amount:
(1) 7.5 percent; minus
(2) The ratio (expressed as a percentage) of the top-tier
BHC’s outstanding eligible external long-term debt
amount to total leverage exposure (as reported on
Schedule HC-R, Part I, item 59, Column A).
If the TLAC supplementary leverage ratio, as reported in
line item 59, Column B, is less than or equal to 7.5
percent, the top-tier BHC’s external TLAC leverage
buffer level should be reported as zero.
Leverage Buffer and Requirements for Holding
Companies Subject to the Capital Plan Rule
Line Item 63 Total leverage exposure for the
supplementary leverage ratio (SLR) (if applicable)
Advanced approaches and Category III holding companies must report the total leverage exposure from
FFIEC 101 Schedule A, Table 2, Item 2.21.
Line Item 64 Leverage buffer requirement (if
applicable)
All GSIB holding companies report 2.0000 percent.
All non-GSIB holding companies report 0.0000 percent.
Line Item 65 Leverage ratio buffer (if applicable)
For all GSIB holding companies, report the leverage
buffer as a percentage, rounded to four decimal places, if
applicable, from FFIEC 101 Schedule A, Table 2,
Item 2.23.
Schedule HC-R
FR Y-9C
June 2021
Schedule HC-R
The leverage buffer is equal to Schedule HC-R, item 53,
less 3.0000 percent, which is the minimum leverage
buffer requirement under section 10(a)(5) of the regulatory capital rules. However, if the holding company’s
leverage buffer calculated above is less than zero (i.e., is
negative), the holding company’s leverage buffer is zero.
Maximum Payout Ratios and Amounts for Holding
Companies Subject to the Capital Plan Rule:
Line Item 66 Eligible retained income.
Report the amount of eligible retained income as the
greater of (1) a holding company’s net income for the
four preceding calendar quarters, net of any distributions
and associated tax effects not already reflected in net
income, and (2) the average of holding company’s net
income over the four preceding calendar quarters. (See
the instructions for Schedule HC-R, Part I, item 52, for
the definition of “distributions” from section 2 of the
regulatory capital rules.)
For Schedule HC-R, Part I, item 59, the four preceding
calendar quarters refers to the calendar quarter ending on
the last date of the reporting period and the three
preceding calendar quarters as illustrated in the example
below. The average of an holding company’s net income
over the four preceding calendar quarters refers to average of three- month net income for the calendar quarter
ending on the last date of the reporting period and the
three-month net income for the three preceding calendar
quarters as illustrated in the example below.
FR Y-9C
Report Date
Amount
Reported
in Item 14
Three
Month
Net Income
March 31, 2020
$400 (A)
$400
June 30, 2020
$900 (B)
$500 (B-A)
September 30, 2020
$1,500 (C)
$600 (C-B)
December 31, 2020
$1,900 (D)
$400 (D-C)
March 31, 2021
$200 (E)
$200 (E)
• The distributions and associated tax effects not already
reflected in net income (e.g., dividends declared on the
holding company’s common stock between April 1,
2020, and March 31, 2021) in this example are $400
per each of the four preceding calendar quarters.
Q2
2020
Q3
2020
Q4
2020
Q1
2021
Net Income
$500
$600
$400
$200
Adjustments for
distributions and
associated tax
effects not
already reflected
in net income
($400)
($400)
($400)
($400)
$100
$200
$0
($200)
Adjusted Net
Income
(Net Income –
Adjustments)
Example and a worksheet calculation:
Assumptions:
• Eligible retained income is calculated for FR Y-9C
report date of March 31, 2021.
• The holding company reported the following on its
FR Y-9C in Schedule HI, Income Statement, item 14,
“Net income (loss) attributable to holding company
(item 12 minus item 13)”:
FR Y-9C
Schedule HC-R
June 2021
HC-R-53
Schedule HC-R
(1)
Calculate a holding company’s net income for the
four preceding calendar
quarters, net of any distributions and associated tax
effects not already reflected
in net income
$100 + $200 + $0
+ ($200) = $100
(2)
Calculate the average of a
holding company’s threemonth net income over the
four preceding calendar
quarters
($500 + $600 +
$400 + $200) / 4
= $425*
(3)
Take the greater of step (1)
and step (2) and report in
Schedule HC-R, Part I, item
51.
$425
* From a practical perspective, a holding company can
use the year-to-date net income reflected in Schedule HI,
item 14, for December 31, 2020, subtract from it the net
income reflected in Schedule HI, item 14, for March 31,
2020, and then add the net income in Schedule HI,
item 14, for March 31, 2021 to calculate the numerator in
the step 2, above. For the example above, the average of a
holding company’s three-month net income over the four
preceding calendar quarters: ($1,900 (D) less $400 (A)
plus $200 (E)) divided by 4 = $425.
amount for the period from April 1, 2021 to June 30,
2021 would be based on the firm’s net income for the
four calendar quarters ending on March 31, 2021 and the
maximum payout ratio would be determined based on the
capital ratios of the firm as of March 31, 2020 (as
described in item 60). Firms that are subject to stress
buffer requirements are expected to know their capital
positions on a daily basis. If a firm has any uncertainty
regarding its quarter-end capital ratios prior to filing its
regulatory reports, it should be conservative with capital
distributions (including buybacks) during the beginning
of a calendar quarter in order to avoid a situation in
which it distributes more than the amount permitted
under the capital rule.
Line Item 69 Distributions and discretionary bonus
payments during the quarter.
Report the amount of distributions and discretionary
bonus payments made during the calendar quarter ending
on the report date.
For example, for purposes of the December 31, 2020,
report date, report in item 62 the distributions and
discretionary bonus payments made during the quarter
ending December 31, 2020.
See instructions for item 52 above for the definition of
“distribution.”
Part II: Risk-Weighted Assets
Line Item 67 Maximum payout ratio
Community Bank Leverage Ratio Framework:
Report the maximum payout ratio for the reporting
institution, which corresponds to the lowest ratio determined by its standardized approach capital conservation
buffer; if applicable, advanced approaches capital conservation buffer; and, if applicable, leverage buffer; as set
forth in Table 2 to 12 CFR 217.11.
A qualifying holding company that decides to opt into the
community bank leverage ratio (CBLR) framework
should not complete Schedule HC-R, Part II. All other
holding companies should complete Schedule HC-R,
Part II. A qualifying holding company can opt out of the
community bank leverage ratio framework by completing Schedule HC-R, Parts I and II excluding Schedule
HC-R, Part I, items 32 through 36. Please refer to the
General Instructions for Schedule HC-R, Part I for
information on the reporting requirements that apply
when a holding company ceases to meet the applicable
leverage ratio requirement under the CBLR framework
or fails to meet any of the other CBLR qualifying criteria
and is no longer in the grace period.
Line Item 68 Maximum payout amount
Report the maximum payout amount, equal to the holding company’s eligible retained income (item 59) multiplied by the maximum payout ratio reported in item 60.
For example, in order to determine the maximum payout
amount that a firm may pay in capital distributions and
discretionary bonus payments for the second quarter
of 2021, a firm would multiply its applicable maximum
payout ratio by its eligible retained income. The eligible
retained income used to calculate the maximum payout
HC-R-54
General Instructions for Part II
The instructions for Schedule HC-R, Part II, items 1
through 22 provide general directions for the allocation
Schedule HC-R
FR Y-9C
June 2021
Schedule HC-R
of holding company balance sheet assets and credit
equivalent amounts of derivatives and off-balance sheet
items, and unsettled transactions to the risk weight
categories in columns C through Q (and, for items 1
through 10 only, to the items adjusted from the totals
reported in Schedule HC-R, Part II, column A in column B). In general, the aggregate amount allocated to
each risk-weight category is then multiplied by the risk
weight associated with that category. The resulting riskweighted values from each of the risk categories are
added together, and generally this sum is the Holding
company total risk-weighted assets, which comprises the
denominator of the risk-based capital ratios. These
instructions should provide sufficient guidance for most
holding companies for risk-weighting their balance sheet
assets and credit equivalent amounts. However, these
instructions do not address every type of exposure.
Holding companies should review the Board’s regulatory
capital rules for the complete description of the applicable capital requirements.
Exposure Amount Subject to Risk Weighting
In general, holding companies need to risk weight the
exposure amount. The exposure amount is defined in §.2
of the regulatory capital rules as follows:
(1) For the on-balance sheet component of an exposure,17 the holding company’s carrying value of the
exposure.
(2) For a security18 classified as AFS or HTM where the
holding company has made the AOCI opt-out election in Schedule HC-R, Part I, item 3(a), the carrying
value for the exposure (including net accrued but
uncollected interest and fees)19 less any net unreal17. Not including: (1) an available-for-sale (AFS) or held-to-maturity
(HTM) security where the holding company has made the Accumulated
Other Comprehensive Income (AOCI) opt-out election in Schedule HC-R,
Part I, item 3(a), (2) an over-the-counter (OTC) derivative contract, (3) a
repo-style transaction or an eligible margin loan for which the holding
company determines the exposure amount under §.37 of the regulatory
capital rules, (4) a cleared transaction, (5) a default fund contribution, or
(6) a securitization exposure.
18. Not including: (1) a securitization exposure, (2) an equity exposure,
or (3) preferred stock classified as an equity security under generally
accepted accounting principles (GAAP).
19. Where the holding company has made the AOCI opt-out election,
accrued but uncollected interest and fees reported in Schedule HC, item 11,
“Other assets,” associated with AFS or HTM debt securities that are not
FR Y-9C
Schedule HC-R
December 2020
ized gains on the exposure plus any net unrealized
loss on the exposure included in AOCI.
(3) For the off-balance sheet component of an exposure,20 the notional amount of the off-balance sheet
component multiplied by the appropriate Credit conversion factor in §.33 of the regulatory capital rules.
(4) For an exposure that is an OTC derivative contract,
the exposure amount determined under §.34 or §.132
of the regulatory capital rules.
(5) For an exposure that is a derivative contract that is a
cleared transaction, the trade exposure amount determined under §.35 or §.133 of the regulatory capital
rules.
For derivatives that have matured, but have associated unsettled receivables or payables that are reported
as assets or liabilities, respectively, on the balance
sheet as of the quarter-end report date, a holding
company does not need to report such notional
amounts for derivatives that have matured for the
purpose of Schedule HC-R, Part II, Risk-Weighted
Assets.
(6) For an exposure that is an eligible margin loan or
repo-style transaction (including a cleared transaction) for which the holding company calculates the
exposure amount as provided in §.37, the exposure
amount determined under §.37 of the regulatory
capital rules.
(7) For an exposure that is a securitization exposure, the
exposure amount determined under §.42 of the regulatory capital rules.
As indicated in the definition in §.2 of the regulatory
capital rules, carrying value means with respect to an
asset, the value of the asset on the balance sheet of the
holding company determined in accordance with GAAP.
Amounts to Report in Column B
The amount to report in column B will vary depending
upon the nature of the particular item.
securitization exposures should be reported in Schedule HC-R, Part II,
item 8, “All other assets.”
20. Not including: (1) an OTC derivative contract, (2) a repo-style
transaction or an eligible margin loan for which the holding company
calculates the exposure amount under §.37 of the regulatory capital rules,
(3) a cleared transaction, (4) a default fund contribution, or (5) a securitization exposure,
HC-R-55
Schedule HC-R
For items 1 through 8 and 11 of Schedule HC-R, Part II,
column B should include the amount of the reporting
holding company’s on-balance sheet assets that are
deducted or excluded (not risk weighted) in the determination of risk-weighted assets. Column B should include
assets that are deducted from capital such as:
• Goodwill;
• Other intangibles (other than mortgage servicing assets
(MSAs));
• Gain on sale of securitization exposures;
• For non-advanced approaches holding companies,
threshold deductions above the 25 percent individual
limits for (1) deferred tax assets (DTAs) arising from
temporary differences that could not be realized through
net operating loss carrybacks, (2) MSAs, net of associated deferred tax liabilities (DTLs), and (3) investments in the capital of unconsolidated financial institutions;
• For advanced approaches holding companies, threshold deductions above the 10 percent individual or 15
percent combined limits for (1) DTAs arising from
temporary differences that could be realized through
net operating loss carrybacks, (2) MSAs, net of associated DTLs, and (3) significant investments in the
capital of unconsolidated financial institutions in the
form of common stock;
• For advanced approaches holding companies, nonsignificant investments in the capital of unconsolidated
financial institutions in the form of common stock that
exceed the 10 percent threshold for non-significant
investments;
• For advanced approaches holding companies, investments in covered debt instruments and nonqualifying
excluded covered debt instruments,21 as applicable;
and
• Any other assets that must be deducted in accordance
with the requirements of the Board.
Column B should also include items that are excluded
from the calculation of risk-weighted assets, such as the
allowance for loan and lease losses, or allowances for
credit losses, as applicable; allocated transfer risk reserves;
and certain on-balance sheet asset amounts associated
21. Nonqualifying excluded covered debt instruments are those subject
to deduction according to the instructions for HC-R, Part I, item 43.
HC-R-56
with derivative contracts that are included in the calculation of the credit equivalent amounts of the derivative
contracts. In addition, for items 1 through 8 and 11 of
Schedule HC-R, Part II, column B should include any
difference between the balance sheet amount of an
on-balance sheet asset and its exposure amount as
described above under “Exposure Amount Subject to
Risk Weighting.”
Note: For items 1 through 8 and 11 of Schedule HC-R,
Part II, the sum of columns B through R must equal the
balance sheet asset amount reported in column A.
For items 9(a) through 9(d) of Schedule HC-R, Part II,
the amount a reporting holding company should report in
column B will depend upon the risk weighting approach
it uses to risk weight its securitization exposures and
whether the holding company’s has made the AOCI
opt-out election in Schedule HC-R, Part I, item 3(a). For
each of items 9(a) through 9(d), a mathematical relationship similar to the one described above will hold true,
such that the sum of columns B through Q must equal the
balance sheet asset amount reported in column A.
• If the holding company uses the 1,250 percent risk
weight approach to risk weight an on-balance sheet
securitization exposure, the holding company will
report in column B the difference between the carrying
value of the exposure and the exposure amount that is
to be risk weighted. For example if a holding company
has a securitization exposure that is an AFS debt
security with a $105 carrying value (i.e., fair value)
including a $5 unrealized gain (in other words, a $100
amortized cost), the holding company would report the
following:
o If the holding company has not made (or cannot
make) the AOCI opt-out election, the holding company would report zero in item 9(b), column B. The
holding company would report the $105 exposure
amount to be risk weighted in item 9(b), column Q 1250% risk weight.
o If the holding company has made the AOCI opt-out
election, the holding company would report any
unrealized gain as a positive number in item 9(b),
column B, and any unrealized loss as a negative
number in item 9(b), column B. Therefore, in this
example, the holding company would report $5 in
item 9(b), column B. Because the holding company
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reverses out the unrealized gain for regulatory capital purposes because it has made the AOCI opt-out
election, it does not have to risk weight the gain.
(Note: The holding company also would report the
$100 exposure amount to be risk weighted in item
9(b), column Q - 1250% risk weight.
• If the holding company uses the Simplified Supervisory Formula Approach (SSFA) or the Gross-Up
Approach to risk weight an on-balance sheet securitization exposure, the holding company will report in
column B the same amount that it reported in column A.
For item 10 of Schedule HC-R, Part II, the amount a
reporting holding company should report in column B
also will depend upon the risk weighting approach it uses
to risk weight its securitization exposures. If a holding
company uses the 1,250 percent risk weight approach to
risk weight an off-balance sheet securitization exposure,
the holding company will report in column B any difference between the notional amount of the off-balance
sheet securitization exposure that is reported in column A
and its exposure amount. If the holding company uses the
SSFA or the Gross-Up Approach to risk weight an
off-balance sheet securitization exposure, the holding
company will report in column B the same amount that it
reported in column A. An example is presented in the
instructions for Schedule HC-R, Part II, item 10. For item
10 of Schedule HC-R, Part II, the sum of columns B
through Q must equal the amount of the off-balance sheet
securitization exposures reported in column A.
For items 12 through 21 of Schedule HC-R, Part II,
column B should include the credit equivalent amounts
of the reporting holding company’s derivative contracts
and off-balance sheet items that are covered by the
regulatory capital rules. For the off-balance sheet items in
items 12 through 19, the credit equivalent amount to be
reported in column B is calculated by multiplying the
face, notional, or other amount reported in column A by
the appropriate CCF. The credit equivalent amounts in
column B are to be allocated to the appropriate riskweight categories in columns C through J (or to the
securitization exposure collateral category in column R,
if applicable). For items 12 through 21 of Schedule
HC-R, Part II, the sum of columns C through J (plus
column R, if applicable) must equal the credit equivalent
amount reported in column B.
FR Y-9C
Schedule HC-R
December 2015
Treatment of Collateral and Guarantees
a. Collateralized Transactions
The rules for recognition of collateral are in §.37 and
pertinent definitions in §.2 of the regulatory capital rules.
The regulatory capital rules define qualifying financial
collateral as cash on deposit, gold bullion, investment
grade long- and short-term debt exposures (that are not
resecuritization exposures), publicly traded equity securities and convertible bonds, and money market fund or
other mutual fund shares with prices that are publicly
quoted on a daily basis.
Holding companies may apply one of two approaches, as
outlined in §.37, to recognize the risk-mitigating effects
of qualifying financial collateral:
(1) Simple Approach: can be used for any type of
exposure. Under this approach, holding companies
may apply a risk weight to the portion of an exposure
that is secured by the fair value of the financial
collateral based on the risk weight assigned to the
collateral under §.32. However, under this approach,
the risk weight assigned to the collateralized portion
of the exposure may not be less than 20 percent,
unless one of the following exceptions applies:
• Zero percent risk weight - may be assigned to: an
exposure to an over the counter derivative contract
that is marked-to-market on a daily basis and
subject to a daily margin requirement, to the extent
that the contract is collateralized to cash on deposit;
to the portion of an exposure collateralized by cash
on deposit; to the portion of an exposure collateralized by an exposure to a sovereign that qualifies for
the zero percent risk weight under §.32 and the
holding company has discounted the fair value of
the collateral by 20 percent.
• 10 percent risk weight: may be assigned to an
exposure to an OTC derivative contract that is
marked-to-market on a daily basis and subject to a
daily margin requirement, to the extent that the
contract is collateralized by an exposure to a sovereign that qualified for a zero percent risk weight
under §.32.
(2) Collateral Haircut Approach: can be used only for
repo-style transactions, eligible margin loans, collateralized derivative transactions, and single-product
netting sets of such transactions. Under this approach,
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holding companies would apply either standard supervisory haircuts or own internal estimates for haircuts
to the value of the collateral. See §.37(c) of the
regulatory capital rules for a description of the
calculation of the exposure amount, standard supervisory market price volatility haircuts, and requirements for using own internal estimates for haircuts.
Holding companies may use any approach described in
§.37 that is valid for a particular type of exposure or
transaction; however, they must use the same approach
for similar transactions or exposures.
If an exposure is partially secured, that is, the market
value (or in cases of using the Collateral Haircut
Approach, the adjusted market value) of the financial
collateral is less than the face amount of an asset or
off-balance sheet exposure, only the portion that is
covered by the market value of the collateral is to be
reported in the risk-weight category item appropriate to
the type of collateral. The uncovered portion of the
exposure continues to be assigned to the initial riskweight category item appropriate to the exposure. The
face amount of an exposure secured by multiple types of
qualifying collateral is to be reported in the risk-weight
category items appropriate to the collateral types, apportioned according to the market value of the types of
collateral.
Exposures collateralized by deposits at the reporting
institution
The portion of any exposure collateralized by deposits at
the reporting institution would be eligible for a zero
percent risk weight. The remaining portion of the exposure that is not collateralized by deposits should be
risk-weighted according to the regulatory capital rules.
b. Guarantees and credit derivatives
The rules for recognition of guarantees and credit derivatives are in §.36 and pertinent definitions are in §.2 of the
regulatory capital rules. A holding company may recognize the credit risk mitigation benefits of an eligible
guarantee or eligible credit derivative by substituting the
risk weight associated with the protection provider for
the risk weight assigned to the exposure. Please refer to
the definitions of eligible guarantee, eligible guarantor,
and eligible credit derivative in §.2 of the regulatory
capital rules. Note that in the definition of eligible
guarantee, where the definition discusses contingent guarHC-R-58
antees, only contingent guarantees of the U.S. government or its agencies are recognized.
The coverage amount provided by an eligible guarantee
or eligible credit derivative will need to be adjusted
downward if:
• The residual maturity of the credit risk mitigant is
less than that of the hedged exposure (maturity
mismatch adjustment), see §.36(c);
• The credit risk mitigant does not include as a
credit event a restructuring of the hedged exposure involving forgiveness or postponement of
principal, interest, or fees that results in a credit
loss event (that is, a charge-off, specific provision,
or other similar debit to the profit and loss
account), see §.36(d); or
• The credit risk mitigant is denominated in a
currency different from that in which the hedged
exposure is denominated (currency mismatch
adjustment), see §.36(e).
Exposures covered by Federal Deposit Insurance Corporation (FDIC) loss sharing agreements
The portion of any exposure covered by an FDIC loss
sharing agreement would be eligible for a 20 percent risk
weight. The remaining uncovered portion of the exposure
should be risk-weighted according to the regulatory
capital rules.
Treatment of Equity Exposures
The treatment of equity exposures is outlined in §.51
through §.53 of the regulatory capital rules. Holding
companies must use different methodologies to determine risk weighted assets for their equity exposures:
• The Simple Risk Weight Approach (SRWA),
which must be used for all types of equity exposures that are not equity exposures to a mutual
fund or other investment fund, and
• Full look-through, simple modified look-through,
and alternative modified look-through approaches
for equity exposures to mutual funds and other
investment funds.
Treatment of stable value protection
The regulatory capital rules define stable value protection
(SVP) in §.51(a)(3).
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A holding company that purchases SVP on an investment
in a separate account must treat the portion of the
carrying value of the investment attributable to the SVP
as an exposure to the provider of the protection. The
remaining portion of the carrying value of the investment
must be treated as an equity exposure to an investment
fund.
European Central Bank, the European Commission, the International Monetary Fund, the European Stability Mechanism, the European Financial Stability Facility, a multilateral development
bank (MDB), and any other entity whose credit
exposures receive a zero percent risk weight under
§.32 of the regulatory capital rules.
A holding company that provides SVP must treat the
exposure as an equity derivative with an adjusted carrying value equal to the sum of the on-balance and offbalance sheet adjusted carrying value.
• 20 percent risk weight: an equity exposure to a
public sector entity, Federal Home Loan Bank,
and the Federal Agricultural Mortgage Corporation (Farmer Mac).
Adjusted carrying value
• 100 percent risk weight: equity exposures to:
The adjusted carrying value of an equity exposure is
equal to:
o Certain qualified community development
investments,
• On-balance sheet equity exposure: the carrying value
of the exposure.
o The effective portion of hedge pairs,
• Off-balance sheet portion of an equity exposure
(that is not an equity commitment): the effective
notional principal amount22 of the exposure minus the
adjusted carrying value of the on-balance sheet component of the exposure.
For an equity commitment (a commitment to purchase an
equity exposure), the effective notional principal amount
must be multiplied by the following CCFs: 20 percent for
conditional equity commitments with an original maturity of one year or less, 50 percent for conditional equity
commitments with an original maturity of more than one
year, and 100 percent for unconditional equity commitments.
Equity exposure risk weighting methodologies
o For non-advanced approaches holding companies: Equity exposures, to the extent that the
aggregate carrying value of the exposures does
not exceed 10 percent of total capital. To utilize
this risk weight, the holding company must
aggregate the following equity exposures:
unconsolidated small business investment companies or held through consolidated small business investment companies; publicly traded
(including those held indirectly through mutual
funds or other investment funds); and nonpublicly traded (including those held indirectly
through mutual funds or other investment funds),
and
• Zero percent risk weight - an equity exposure to a
sovereign, Bank for International Settlements, the
o For advanced approaches holding companies:
Non-significant equity exposures, to the extent
that the aggregate carrying value of the exposures does not exceed 10 percent of total capital. To utilize this risk weight, the bank must
aggregate the following equity exposures:
unconsolidated small business investment companies or held through consolidated small business investment companies; publicly traded
(including those held indirectly through mutual
funds or other investment funds); and nonpublicly traded (including those held indirectly
through mutual funds or other investment funds)
22. The regulatory capital rules define the “effective notional principal
amount” as an exposure of equivalent size to a hypothetical on-balance
sheet position in the underlying equity instrument that would evidence the
same change in fair value (measured in dollars) given a small change in the
price of the underlying equity instrument.
(1) Simple Risk Weight Approach (SWRA): must be
used for all types of equity exposures that are not
equity exposures to a mutual fund or other investment fund. Under this approach, holding companies
must determine the risk weighted asset amount of an
individual equity exposure by multiplying (1) the
adjusted carrying value of the exposure or (2) the
effective portion and ineffective portion of a hedge
pair by the lowest possible risk weight below:
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• 250 percent risk weight: For advanced approaches
holding companies only: Significant investments
in the capital of unconsolidated financial institutions in the form of common stock that are not
deducted from capital.
• 300 percent risk weight: publicly traded equity
exposures.
• 400 percent risk weight: equity exposures that are
not publicly traded.
• 600 percent risk weight: an equity exposure to an
investment firm, provided that the investment firm
would (1) meet the definition of traditional securitization in §.2 of the regulatory capital rules
were it not for the application of paragraph (8) of
the definition and (2) has greater than immaterial
leverage.
(2) Full look-through approach: used only for equity
exposures to a mutual fund or other investment fund.
Requires a minimum risk weight of 20 percent.
Under this approach, holding companies calculate
the aggregate risk-weighted asset amounts of the
carrying value of the exposures held by the fund as if
they were held directly by the holding company
multiplied by the holding company’s proportional
ownership share of the fund.
(3) Simple modified look-through approach: used only
for equity exposures to a mutual fund or other
investment fund. Requires a minimum risk weight of
20 percent. Under this approach, risk-weighted assets
for an equity exposure is equal to the exposure’s
adjusted carrying value multiplied by the highest risk
weight that applies to any exposure the fund is
permitted to hold under the prospectus, partnership
agreement, or similar agreement that defines the
funds permissible investments.
(4) Alternative modified look-through approach: used
only for equity exposures to a mutual fund or other
investment fund. Requires a minimum risk weight of
20 percent. Under this approach, holding companies
may assign the adjusted carrying value on a pro rata
basis to different risk weight categories based on the
limits in the fund’s prospectus, partnership agreement, or similar contract that defines the fund’s
permissible investments.
HC-R-60
Treatment of Sales of 1-4 Family Residential First
Mortgage Loans with Credit-Enhancing Representations and Warranties
When a holding company transfers mortgage loans with
credit-enhancing representations and warranties in a
transaction that qualifies for sale accounting under GAAP,
the holding company will need to report and risk weight
those exposures. The definition of ‘‘credit-enhancing
representations and warranties’’ (CERWs) is found in §.2
of the regulatory capital rules. Many CERWs should be
treated as securitization exposures for purposes of risk
weighting. However, those CERWs that do not qualify as
securitization exposures receive a 100 percent CCF as
indicated in §.33 of the regulatory capital rules. For
example, if the holding company has agreed to repurchase the loans that it has sold, it will generally need to
risk weight those loans in Schedule HC-R, Part II,
item 17 until the warranties expire. Note that CERWs do
not include certain early default clauses and similar
warranties that permit the return of, or premium refund
clauses covering, 1-4 family residential mortgage loans
that qualify for a 50 percent risk weight provided the
warranty period does not exceed 120 days from the date
of transfer.
Example: A holding company sells $100 in qualifying 1-4 family residential first mortgage loans and
agrees to repurchase them in case of early default
for up to 180 days. This warranty exceeds the 120
day limit, and therefore the full $100 should be
reported in Schedule HC-R, Part II, item 17 until the
warranty expires.
If the holding company has made a CERW that is limited
or capped (e.g., a warranty to cover first losses on loans
up to a set amount that is less than the full loan amount),
such warranties are regarded as securitization exposures
under the regulatory capital rules as they represent a
transaction that has been separated into at least two
tranches reflecting different levels of seniority for credit
risk. (Refer to the definitions of securitization exposure,
synthetic securitization, traditional securitization, and
tranche in §.2 of the regulatory capital rules). The
holding company will need to report and risk weight
these warranties in Schedule HC-R, Part II, item 10, as
off-balance sheet securitization exposures.
Example: A holding company sells $100 in qualifying 1-4 family residential first mortgage loans and
agrees to compensate the buyer for losses up to $2 if
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Schedule HC-R
the loans default during the first 12 months. Twelve
months exceeds the 120-day limit and therefore the
agreement is a CERW. The CERW is also a securitization exposure because the $2 is effectively a first
loss tranche on a $100 transaction.
For purposes of reporting this transaction in Schedule
HC-R, Part II, item 10, the holding company should
report $100 in column A, an adjustment of $98 in column
B, and then $2 in column Q as an exposure amount that is
risk weighted by applying a 1,250 percent risk weight (if
the holding company does not use the Simplified Supervisory Formula Approach (SSFA) or the Gross-Up
Approach for purposes of risk weighting its securitization
exposures). The holding company will not need to report
any amount in column T or U of Schedule HC-R, Part II,
item 10, unless it uses the SSFA or Gross-Up Approach
for calculating the risk weighted asset amount for this
transaction.
country that has defaulted on its sovereign debt within
the past 5 years, regardless of the CRC rating.
Risk weights for reported balance sheet (items 1 through
8) and off-balance sheet and other (items 12 through 22)
exposures are to be assigned based upon the tables
below:
If the holding company uses either the SSFA or Gross-Up
Approach to risk weight the $2 exposure, the holding
company should report $100 in both column A and
column B. In columns T or U, it would report the
risk-weighted asset amount calculated by using either the
SSFA or Gross-Up Approach, respectively.
Treatment of Exposures to Sovereign Entities and
Foreign Banks
These instructions contain several references to Country
Risk Classifications (CRC) used by the Organization for
Economic Cooperation and Development (OECD). The
CRC methodology classifies countries into one of eight
risk categories (0-7), with countries assigned to the zero
category having the lowest possible risk assessment and
countries assigned to the 7 category having the highest
possible risk assessment. The OECD regularly updates
CRCs for more than 150 countries and makes the assessments publicly available on its website.23 The OECD
does not assign a CRC to every country; for example, it
does not assign a CRC to a number of major economies;
it also does not assign a CRC to many smaller countries.
As such, the table below also provides risk weights for
countries with no CRC based on whether or not those
particular countries are members of the OECD. In addition, there is a higher risk weight of 150 percent for any
23. See http://www.oecd.org/trade/xcred/crc.htm.
FR Y-9C
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December 2015
HC-R-61
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• Exposures to foreign central governments (including foreign central banks):
Risk Weight
(%)
Home Country CRC
0-1
0
2
20
3
50
4-6
100
7
150
OECD Member with No CRC
0
Non-OECD Member with No CRC
100
Countries with Sovereign Default in Previous Five Years
150
• Exposures to foreign banks:
Risk Weight
(%)
0-1
20
2
50
3
100
4-7
150
Home Country CRC
HC-R-62
OECD Member with No CRC
20
Non-OECD Member with No CRC
100
Countries with Sovereign Default in Previous Five Years
150
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December 2015
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• General obligation exposures to foreign public sector entities:
Risk Weight
(%)
0-1
20
2
50
3
100
4-7
150
Home Country CRC
OECD Member with No CRC
20
Non-OECD Member with No CRC
100
Countries with Sovereign Default in Previous Five Years
150
• Revenue obligation exposures to foreign public sector entities:
Risk Weight
(%)
Home Country CRC
0-1
50
2-3
100
4-7
150
OECD Member with No CRC
50
Non-OECD Member with No CRC
100
Countries with Sovereign Default in Previous Five Years
150
All risk-weight categories pertaining to exposures to central foreign governments:
Summary of Risk Weights for Exposures to Government and Public Sector Entities
• All exposures to foreign central governments may be
assigned a lower risk weight if the following conditions
are met: (1) the exposures are denominated in the
particular foreign country’s local currency; (2) the
holding company has at least equivalent liabilities in
that currency; and (3) the risk weight is not lower than
the risk weight that particular foreign country allows
under its jurisdiction to assign to the same exposures to
that country.
The following are some of the most common exposures
to government and public sector entities and the risk
weights that apply to them:
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Schedule HC-R
December 2015
Column C – 0%column:
• All exposures (defined broadly to include securities,
loans, and leases) that are direct exposures to, or the
portion of exposures that are directly and unconditionally guaranteed by, the U.S. Government or U.S. Government agencies. This includes the portions of deposits insured by the Federal Deposit Insurance Corporation
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Schedule HC-R
(FDIC) or the National Credit Union Administration
(NCUA).
• Exposures that are collateralized by cash on deposit in
the reporting holding company.
• Exposures that are collateralized by securities issued or
guaranteed by the U.S. Government, or other sovereign
governments that qualify for the zero percent risk
weight. Collateral value must be adjusted under §.37 of
the regulatory capital rules.
• Exposures to, and the portions of exposures guaranteed
by, the Bank for International Settlements, the European Central Bank, the European Commission, the
International Monetary Fund, the European Stability
Mechanism, the European Financial Stability Facility,
or a multilateral development fund (as specifically
defined in §.2 of the regulatory capital rules).
Column G – 20% column:
• The portion of exposures that are conditionally guaranteed by the U.S. Government or U.S. Government
agencies. This includes exposures, or the portions of
exposures, conditionally guaranteed by the FDIC or the
NCUA.
• The portion of exposures that are collateralized by cash
on deposit in the holding company or by securities
issued or guaranteed by the U.S. Government or U.S.
Government agencies that are not included in zero
percent column.
• General obligation exposures to states, municipalities,
and other political subdivisions of the United States.
• Exposures to U.S. government sponsored entities
(GSEs) other than equity exposures or preferred stock,
and risk sharing securities.
Column H – 50% column:
• Revenue obligation exposures to states, municipalities,
and other political subdivisions of the United States.
§.2 of the regulatory capital rules. Securitization exposures include asset-backed and mortgage-backed securities, other positions in securitization transactions,
re-securitizations, and structured finance programs24
(except credit-enhancing interest-only (CEIO) strips). In
general, under each of the three approaches, the riskbased capital requirement for a position in a securitization or structured finance program (hereafter referred to
collectively as a securitization) is computed by multiplying the calculated amount of the position by the appropriate risk weight. The three approaches to determining the
proper risk weight for a securitization exposure are the
Simplified Supervisory formula approach, the Gross-Up
Approach, or the 1,250 Percent Risk Weight Approach.
If a securitization exposure is not an after-tax gain-onsale resulting from a securitization that requires deduction, or the portion of a CEIO strip that does not
constitute an after-tax gain-on-sale,25 a holding company
may assign a risk weight to the securitization exposure
using the SSFA if certain requirements are met. If a
holding company is not subject to Subpart F (the market
risk capital rule) of the regulatory capital rules, it may
instead choose to assign a risk weight to the securitization exposure using the Gross-Up Approach if certain
requirements are met. However, the holding company
must apply either the SSFA or the Gross-Up Approach
consistently across all of its securitization exposures.
However, if the holding company cannot, or chooses not
to, apply the SSFA or the Gross-Up Approach to an
individual securitization exposure, the holding company
must assign a 1,250 percent risk weight to that exposure.
Both traditional and synthetic securitizations must meet
certain operational requirements before applying either
the SSFA or the Gross-Up Approach. Furthermore, holding companies must complete certain due diligence
requirements and satisfactorily demonstrate a comprehensive understanding of the features of the securitization exposure that would materially affect the performance of the exposure. If these due diligence requirements
are not met, the holding company must assign the
Column I – 100% column:
• Preferred stock of U.S. GSEs.
Risk Weighted Assets for Securitization Exposures
Under the regulatory capital rules, three separate
approaches are available for setting the regulatory capital
requirements for securitization exposures, as defined in
HC-R-64
24. Structured finance programs include, but are not limited to, collateralized debt obligations.
25. Consistent with the regulatory capital rules, a holding company
must deduct from common equity tier 1 capital any after-tax gain-on-sale
resulting from a securitization and must apply a 1,250 percent risk weight
to the portion of a CEIO strip that does not constitute an after-tax
gain-on-sale.
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securitization exposure a risk weight of 1,250 percent.
The holding company’s analysis must be commensurate
with the complexity of the securitization exposure and
the materiality of the exposure in relation to its capital.
Holding companies should refer to §.41 of the regulatory
capital rules to review the details of these operational and
due diligence requirements.
For example, a holding company not subject to the
market risk capital rule has 12 securitization exposures.
The operational and due diligence requirements have
been met for 10 of the exposures, to which the holding
company applies the Gross-Up Approach. The holding
company then assigns a 1,250 percent risk weight to the
other two exposures. Alternatively, the holding company
could assign a 1,250 percent risk weight to all 12
securitization exposures.
a. Exposure Amount Calculation
The exposure amount of an on-balance sheet securitization exposure that is not an available-for-sale or held-tomaturity security where the holding company has made
the Accumulated Other Comprehensive Income (AOCI)
opt-out election in Schedule HC-R, Part I, item 3(a), a
repo-style transaction, an eligible margin loan, an overthe-counter (OTC) derivative contract, or a cleared transaction is equal to the carrying value of the exposure.
The exposure amount of an on-balance sheet securitization exposure that is an available-for-sale or held-tomaturity security where the holding company has made
the AOCI opt-out election in Schedule HC-R, Part I,
item 3.a, is equal to the carrying value of the exposure
(including any accrued interest receivable on the exposure reported in Schedule HC, item 11), less any net
unrealized gains on the exposure and plus any net
unrealized losses on the exposure.
The exposure amount of an off-balance sheet securitization exposure that is not a repo-style transaction, an
eligible margin loan, a cleared transaction (other than a
credit derivative), an OTC derivative contract (other than
a credit derivative), or an exposure to an asset-backed
commercial paper (ABCP) program is the notional
amount of the exposure.
For an off-balance sheet securitization exposure to an
asset-backed commercial paper (ABCP) program, such
as an eligible ABCP liquidity facility, the notional
amount may be reduced to the maximum potential
amount that the holding company could be required to
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fund given the ABCP program’s current underlying
assets (calculated without regard to the current credit
quality of those assets). An exposure amount of an
eligible ABCP liquidity facility for which the SSFA does
not apply is calculated by multiplying the notional
amount of the exposure by a CCF of 50 percent. An
exposure amount of an eligible ABCP liquidity facility
for which the SSFA does apply is calculated by multiplying the notional amount of the exposure by a CCF of 100
percent.
Exposure amount of a securitization exposure that is a
repo-style transaction, eligible margin loan, or derivative
contract (other than a credit derivative) is the exposure
amount of the transaction as calculated using the instructions for calculating the exposure amount of derivatives
outlined in §.34, §.132 or §.37, respectively, of the
regulatory capital rules.
If a holding company has multiple securitization exposures that provide duplicative coverage to the underlying
exposures of a securitization, the holding company is not
required to hold duplicative risk-based capital against the
overlapping position. Instead, the holding company may
apply to the overlapping position the applicable riskbased capital treatment that results in the highest riskbased capital requirement.
If a holding company provides support to a securitization
in excess of the holding company’s contractual obligation to provide credit support to the securitization (implicit
support) it must include in risk-weighted assets all of the
underlying exposures associated with the securitization
as if the exposures had not been securitized and must
deduct from common equity tier 1 capital any after-tax
gain-on-sale resulting from the securitization.
b. Simplified Supervisory Formula Approach (SSFA)
To use the SSFA to determine the risk weight for a
securitization exposure, a holding company must have
data that enables it to accurately assign the parameters.
The data used to assign the parameters must be the most
currently available data and no more than 91 calendar
days old. A holding company that does not have the
appropriate data to assign the parameters must assign a
risk weight of 1,250 percent to the exposure. See the
operational requirements outlined in §.43 of the regulatory capital rules for further instructions.
To calculate the risk weight for a securitization exposure
using the SSFA, a holding company must have accurate
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Schedule HC-R
information on the following five inputs to the SSFA
calculation:
• Parameter KG is the weighted-average total capital
requirement for all underlying exposures calculated
using the SSFA (with unpaid principal used as the
weight for each exposure). Parameter KG is expressed
as a decimal value between zero and one (e.g., an
average risk weight of 100 percent represents a value
of KG equal to .08). ‘‘Underlying exposures’’ is defined
in the regulatory capital rules to mean one or more
exposures that have been securitized in a securitization
transaction. In this regard, underlying exposures means
all exposures, including performing and nonperforming exposures. Thus, for example, for a pool of underlying corporate exposures that have been securitized,
where 95 percent of the pool is performing (and qualify
for a risk weight of 100 percent) and 5 percent of the
pool is past due exposures that are not guaranteed and
are unsecured (and thus are assigned a risk weight of
150 percent), the weighted risk weight for the pool
would be 102.5 percent [102.5% = (95% * 100%) +
(5% * 150%)] and the total capital requirement KG
would be equal to 0.082 (102.5% divided by 1,250%).
This treatment is consistent with the regulatory capital
rules.
• Parameter W is the ratio of the sum of the dollar
amounts of any underlying exposures within the securitized pool to the ending balance, measured in dollars,
of underlying exposures, that meet any of the following
criteria: (1) 90 days or more past due; (2) subject to a
bankruptcy or insolvency proceeding; (3) in the process of foreclosure; (4) held as real estate owned; (5)
has contractually deferred interest payments for 90
days or more (other than in the case of deferments on
federally guaranteed student loans and certain consumer loans deferred according to provisions in the
contract); or (6) is in default. Parameter W is expressed
as a decimal value between zero and one.
lying exposures that are subordinated to the exposure
of the holding company to the current dollar amount of
underlying exposures. Any reserve account funded by
the accumulated cash flows from the underlying exposures that is subordinated to the holding company’s
securitization exposure may be included in the calculation of parameter A to the extent that cash is present in
the account. Parameter A is expressed as a decimal
value between zero and one.
• Parameter D is the detachment point for the exposure,
which represents the threshold at which credit losses of
principal allocated to the exposure would result in a
total loss of principal. Parameter D equals parameter A
plus the ratio of the current dollar amount of the
securitization exposures that are pari passu with the
exposure (that is, have equal seniority with respect to
credit risk) to the current dollar amount of the underlying exposures. Parameter D is expressed as a decimal
value between zero and one.
• A supervisory calibration parameter, p, is equal to 0.5
for securitization exposures that are not resecuritization exposures and equal to 1.5 for resecuritization
exposures.
There are three steps to calculating the risk weight for a
securitization using the SSFA. First, a holding company
must complete the following equations using the previously described parameters:
KA = (1–W) . KG + ( 0.5 . W)
1
a=–
p . KA
u = D – KA
l = max(A- KA, 0)
e = 2.71828, the base of the natural logarithms
As a result, past due exposures that also meet one or more
of the criteria in parameter W are to be factored into the
measure of both parameters KG and W for purposes of
calculating the regulatory capital requirement for securitization exposures using the SSFA.
Second, using the variables calculated in first step, find
the value of KSSFA using the formula below:
• Parameter A is the attachment point for the exposure,
which represents the threshold at which credit losses
will first be allocated to the exposure. Parameter A
equals the ratio of the current dollar amount of under-
Third, the risk weight of any particular securitization
exposure (expressed as a percent) will depend on the
tranche’s attachment point and detachment point relative
to KA:
HC-R-66
KSSFA =
ea.u – ea.l
a(u – l)
Schedule HC-R
FR Y-9C
June 2020
Schedule HC-R
Case 1: If the detachment point, parameter D, is less than
or equal to KA, the exposure is assigned a risk weight of
1,250 percent.
Case 2: If the attachment point, parameter A, is less than
KA and the detachment point, parameter D, is greater
than KA, the risk weight is a weighted average of 1,250
percent and 1,250 percent times KSSFA, calculated as
shown below:
KA A
D A
RW
D KA
D A
1, 250 percent
1, 250 percent
KSSFA
Case 3: If the attachment point, parameter A, is greater
than or equal to KA, the risk weight is the product of
KSSFA and 1,250 percent, as shown in the following
equation:
RW
1, 250 percent
KSSFA
(1) Pro rata share, which is the par value of the holding
company’s securitization exposure as a percent of the
par value of the tranche in which the securitization
exposure resides.
(2) Enhanced amount, which is the par value of the
tranches that are more senior to the tranche in which
the holding company’s securitization resides.
(3) Exposure amount of the holding company’s securitization exposure.
(4) Risk weight, which is the weighted-average risk
weight of underlying exposures in the securitization
pool.
The holding company would calculate the credit equivalent amount which is equal to the sum of the exposure
amount of the holding company’s securitization exposure
(3) and the pro rata share (1) multiplied by the enhanced
amount (2).
A holding company must assign the higher of the
weighted-average risk weight (4) or a 20 percent risk
weight to the securitization exposure using the gross-up
approach.
To determine the risk-based capital requirement under
the gross-up approach, multiply the higher of the two risk
weights by the credit equivalent amount. These steps are
outlined in the worksheet below:
To determine the risk-based capital requirement under
the SSFA, multiply the exposure amount by the higher of
either (1) the calculated risk weight or (2) a 20 percent
risk weight.
Gross-Up Approach Worksheet to Calculate the
Capital Charge for a Securitization Exposure that is
Not a Senior Exposure26
For purposes of reporting in Schedule HC-R, Part II,
items 9 and 10, a holding company would report in
Column T the risk-weighted asset amount calculated
under the SSFA for its securitization exposures.
(a) Currently outstanding par value of the
holding company’s non-senior
securitization exposure divided by the
currently outstanding par value of the
entire tranche (e.g., 60%27 ). . . . . . . . . . . . . . . . .
c. Gross-Up Approach
A holding company that is not subject to the market risk
capital rule (Subpart F) in the regulatory capital rules
may apply the gross-up approach instead of the SSFA to
determine the risk weight of its securitization exposures,
provided that it applies the gross-up approach consistently to all of its securitization exposures.
26. A senior securitization exposure means a securitization exposure
that has a first priority claim on the cash flows from the underlying
exposures, without considering amounts due under interest rate or currency
contracts, fees or other similar payments due. Time tranching (that is,
maturity differences) also is not considered when determining whether a
securitization exposure is a senior securitization exposure.
To calculate the risk weight for a securitization exposure
using the gross-up approach, a holding company must
calculate the following four inputs:
27. For example, if the currently outstanding par value of the entire
tranche is $100 and the currently outstanding par value of the holding
company’s subordinated security is $60, then the holding company would
enter 60% in (a).
FR Y-9C
Schedule HC-R
June 2020
HC-R-67
Schedule HC-R
(b) Currently outstanding par value of the
more senior positions in the securitization
that are supported by the tranche in which
the holding company owns a non-senior
securitization exposure . . . . . . . . . . . . . . . . . . . . .
(c) Pro rata share of the more senior positions
currently outstanding in the securitization
that are supported by the holding
company’s non-senior securitization
exposure: enter (b) multiplied by (a) . . . . . . .
(d) Face amount28 of the holding company’s
non-senior securitization exposure . . . . . . . . .
(e) Enter the sum of (c) and (d) . . . . . . . . . . . . . . .
(f) Enter the weighted average risk weight
applicable to the assets underlying the
securitization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(g) Risk-weighted asset amount of the holding
company’s non-senior securitization
exposure: enter the higher of (d) multiplied
by 20%, or
• (d) multiplied by 20% or
• (e) multiplied by (f) . . . . . . . . . . . . . . . . . . . . . .
(h) Capital charge for the risk-weighted asset
amount of the holding company’s
non-senior securitization exposure: enter
(g) multiplied by 8% . . . . . . . . . . . . . . . . . . . . . . . .
For purposes of reporting its non-senior securitization
exposures in Schedule HC-R, Part II, items 9 and 10, a
holding company would report in Column U the riskweighted asset amount calculated in line (g) on the
Gross-Up Approach worksheet. For a senior securitization exposure, a holding company would report in column U the face amount of its exposure29 multiplied by
28. For risk-based capital purposes, if the holding company has made
the AOCI opt-out election in Schedule HC-R, Part I, item 3(a), the “face
amount” of an available-for-sale security and a held-to-maturity security is
its amortized cost; the “face amount” of a trading security is its fair value.
If the holding company has not made or cannot make the AOCI opt-out
election, the “face amount” of an HTM security is its amortized cost; the
“face amount” of an AFS security or a trading security is its fair value.
29. See footnote 51.
HC-R-68
the weighted-average risk weight of the securitization’s
underlying exposures, subject to a 20 percent risk-weight
floor.
Reporting in Schedule HC-R, Part II, When Using the
Gross-Up Approach:
If the holding company’s non-senior security is a held-tomaturity securitization exposure, the amortized cost of
this security is included on the Report of Condition
balance sheet in Schedule HC, item 2(a), ‘‘Held-tomaturity securities,’’ and on the regulatory capital schedule in columns A and B of Schedule HC-R, Part II, item
9(a), ‘‘On-balance sheet securitization exposures - Heldto-maturity securities.’’ The risk-weighted asset amount
from line (g) in the Gross-Up Approach Worksheet above
is reported in column U of Schedule HC-R, Part II, item
9(a).
If the holding company’s non-senior security is an
available-for-sale securitization exposure, the fair value
of this security is included on the Report of Condition
balance sheet in Schedule HC, item 2(b), “Available-forsale securities,” and on the regulatory capital schedule in
column A of Schedule HC-R, Part II, item 9(b), ‘‘Onbalance sheet securitization exposures - Available-forsale securities.’’ For further information on the reporting
of AFS securitization exposures in column B refer to the
instructions for Schedule HC-R, Part II, item 9(b) because
the amount reported in column B depends on whether the
holding company has made the AOCI opt-out election in
Schedule HC-R, Part I, item 3(a). For non-senior AFS
securitization exposures, the risk-weighted asset amount
from line (g) in the Gross-Up Approach Worksheet above
is reported in column U of Schedule HC-R, Part II, item
9(b).
If the holding company’s subordinated security is a
trading securitization exposure, the fair value of this
security is included on the Report of Condition balance
sheet in Schedule HC, item 5, ‘‘Trading assets,’’ and on
the regulatory capital schedule in column A of Schedule
HC-R, Part II, item 9(c), ‘‘On-balance sheet securitization exposures - Trading assets that receive standardized
charges.’’ A trading security is risk-weighted using its
fair value if the holding company is not subject to the
market risk capital rule. The risk-weighted asset amount
from line (g) in the Gross-Up Approach Worksheet above
is reported in column U of Schedule HC-R, Part II,
item 9(c).
Schedule HC-R
FR Y-9C
December 2015
Schedule HC-R
d. 1,250 Percent Risk Weight Approach
If the holding company cannot, or chooses not to apply
the SSFA or the Gross-Up Approach to the securitization
exposure, the holding company must assign a 1,250
percent risk weight to the exposure.
Securitization exposure reporting in Schedule HC-R,
Part II
For example, if a holding company plans to apply the
1,250 percent risk weight to its exposures, the amount
reported in column Q should match the amount reported
in column A (less any adjustments, such as that for an
allocated transfer risk reserve (ATRR)). For any securitization exposure risk-weighted using the 1,250 percent
risk weight, the sum of columns B and Q should equal
column A.
Securitization exposure reporting depends on the methodology the holding company will use to risk weight the
exposure
.
(Column A)
Totals
9. On-balance sheet
securitization
exposures
a. Held-to-maturity
securities
(Column B)
Adjustments to
Totals
Reported in
Column A
(Column U)
Exposure
Amount
Total Risk-Weighted Asset
Amount by Calculation
Methodology
1250%
SSFA
Gross-Up
BHCK
BHCK
BHCK
BHCK
$100
$0
$100
$0
$0
If a holding company - regardless if it makes the AOCI
opt-out election - is applying the SSFA or Gross-Up
Approach, the reporting is significantly different due to
the fact that the holding company reports the risk
weighted assets amount in columns T or U.
In the case where a holding company has a securitization
exposure with a balance sheet value of $100, it would
December 2015
(Column T)
BHCK
In addition, when a holding company aplies the 1,250
percent risk weight to an on-balance sheet securitization
exposure, the holding company should include in column
A of Schedule HC-R, Part II, item 9.d, any amount
reported in Schedule HC, item 11, ‘‘Other assets,’’ for
accrued interest receivable on the securitization exposures, regardless of where the securitization exposure is
reported on the balance sheet in Schedule HC. The
amount reported in column Q should match the amount
reported in column A.
FR Y-9C
Schedule HC-R
(Column Q)
9.a
report $100 in both columns A and B. If the holding
company applies the SSFA and calculates a risk-weighted
asset exposure of $20 for that securitization, the holding
company would report $20 in column T. Since it is using
the SSFA for all its securitization exposures, the holding
company must report $0 in column U.
A holding company, at its discretion, could also use both
the 1,250 percent risk weight for some securitization
exposures and either the SSFA or Gross-Up Approach for
other securitization exposures. For example, Holding
Company Z has three securitization exposures, each
valued at $100 on the balance sheet. Holding Company Z
chooses to apply the 1,250 percent risk weight to one
exposure and use the Gross-Up Approach to calculate
risk-weighted assets for the other two exposures. Assume
that the risk-weighted asset amount under the Gross-Up
Approach is $20 for each exposure.
HC-R-69
Schedule HC-R
(Column A)
Totals
9. On-balance sheet
securitization
exposures
a. Held-to-maturity
securities
(Column T)
(Column U)
Exposure
Amount
Total Risk-Weighted Asset
Amount by Calculation
Methodology
1250%
SSFA
Gross-Up
BHCK
BHCK
BHCK
BHCK
$100
$100
$0
$20
$0
(Column Q)
(Column T)
Exposure
Amount
Total Risk-Weighted Asset
Amount by Calculation
Methodology
1250%
SSFA
Gross-Up
(Column B)
Adjustments to
Totals
Reported in
Column A
BHCK
BHCK
BHCK
BHCK
$300
$200
$100
$0
$40
The $200 reported under column B reflects the balance
sheet amounts of the two securitizations risk-weighted
using the Gross-Up Approach. This ensures that the sum
of columns B and Q continue to equal the amount
reported in column A. The $40 under column U reflects
the risk-weighted asset amount of the sum of the two
securitization exposures that were risk-weighted using
the Gross-Up Approach. This $40 is added to total
risk-weighted assets in item 28 of Schedule HC-R,
Part II.
Holding Companies That Are Subject to the Market
Risk Capital Rule
The regulatory capital rules require all holding companies with significant market risk to measure their market
risk exposure and hold sufficient capital to mitigate this
exposure. In general, a holding company is subject to the
market risk capital rule if its consolidated trading activity, defined as the sum of trading assets and liabilities as
reported in its FR Y9-C for the previous quarter, equals:(1)
9.a
(Column U)
BHCK
The holding company would report the following:
HC-R-70
(Column Q)
BHCK
(Column A)
Totals
9. On-balance sheet
securitization
exposures
a. Held-to-maturity
securities
(Column B)
Adjustments to
Totals
Reported in
Column A
9.a
10 percent or more of the holding company’s total assets
as reported in its FR Y-9C for the previous quarter, or (2)
$1 billion or more. However, the Federal Reserve may
exempt or include the holding company if necessary or
appropriate for safe and sound banking practices.
A holding company that is subject to the market risk
capital rule must hold capital to support its exposure to
general market risk arising from fluctuations in interestrates, equity prices, foreign exchange rates, and commodity prices and its exposure to specific risk associated
with certain debt and equity positions.
A covered position is a trading asset or trading liability
(whether on- or off-balance sheet), as reported on Schedule HC-D, that is held for any of the following reasons:
(1) For the purpose of short-term resale;
(2) With the intent of benefiting from actual or expected
short-term price movements;
(3) To lock in arbitrage profits; or
(4) To hedge another covered position.
Schedule HC-R
FR Y-9C
December 2015
Schedule HC-R
Covered positions include all positions in a holding
company’s trading account and foreign exchange and
commodity positions, whether or not in the trading
account. Covered positions generally should not be riskweighted as part of the holding company’s gross credit
risk-weighted assets. However, foreign exchange positions that are outside of the trading account and all
over-the-counter (OTC) derivatives as well as cleared
transactions and unsettled transactions continue to have a
counterparty credit risk capital charge. Those positions
are included in both gross risk-weighted assets for credit
risk and the holding company’s covered positions for
market risk.
Additionally, the trading asset or trading liability must be
free of any restrictive covenants on its tradability or the
holding company must be able to hedge the material risk
elements of the trading asset or trading liability in a
two-way market. A covered position also includes a
foreign exchange or commodity position, regardless of
whether the position is a trading asset or trading liability
(excluding structural foreign currency positions if supervisory approval has been granted to exclude such positions).
A covered position does not include:
(1) An intangible asset (including any servicing asset);
(2) A hedge of a trading position that is outside the scope
of the holding company’s hedging strategy (required
by the market risk capital rule);
(3) Any position that, in form or substance, acts as a
liquidity facility that provides support to assetbacked commercial paper;
(4) A credit derivative recognized as a guarantee for
risk-weighted asset calculation purposes under the
regulatory capital rules for credit risk;
(5) An equity position that is not publicly traded (other
than a derivative that references a publicly traded
equity);
(6) A position held with the intent to securitize; or
(7) A direct real estate holding.
A holding company subject to the market risk capital rule
must maintain an overall minimum 8.0 percent ratio of
total qualifying capital (the sum of Tier 1 capital and Tier
2 capital, net of all deductions) to the sum of riskweighted assets and market risk-weighted assets. HoldFR Y-9C
Schedule HC-R
December 2015
ing companies should refer to the regulatory capital rules
for specific instructions on the calculation of the measure
for market risk.
Balance Sheet Asset Categories
Treatment of Embedded Derivatives - If a holding company has a hybrid contract containing an embedded
derivative that must be separated from the host contract
and accounted for as a derivative instrument under ASC
Topic 815, Derivatives and Hedging (formerly FASB
Statement No. 133, ‘‘Accounting for Derivative Instruments and Hedging Activities,’’ as amended), then the
host contract and embedded derivative should be treated
separately for risk-based capital purposes. When the fair
value of the embedded derivative has been reported as
part of the holding company’s assets on Schedule HC Balance Sheet, that fair value (whether positive or negative) should be reported (as a positive or negative number) in column B of the corresponding asset category
item in Schedule HC-R, Part II (items 1 to 8). The host
contract, if an asset, should be risk weighted according to
the obligor or, if relevant, the guarantor or the nature of
the collateral. All derivative exposures should be riskweighted in the derivative items of Schedule HC-R, Part
II, as appropriate (items 20 or 21).
Reporting Exposures Hedged with Cleared Eligible
Credit Derivatives
Holding companies are able to obtain full or partial
protection for (i.e., “hedge”) on-balance sheet assets or
off-balance sheet items using credit derivatives that are
cleared through a qualified central counterparty (QCCP)
or a central counterparty (CCP) that is not a QCCP. In
some cases, a cleared credit derivative used for this
purpose meets the definition of an eligible credit derivative in §.2 of the regulatory capital rules. In these cases,
under §.36 of the regulatory capital rules, a holding
company that is a clearing member or a clearing member
client may recognize the credit risk mitigation benefits of
the eligible credit derivative. More specifically, the risk
weight of the underlying exposure (e.g., 20 percent, 50
percent, or 100 percent) may be replaced with the risk
weight of the CCP or QCCP as the protection provider if
the credit derivative is an eligible credit derivative, is
cleared through a CCP or a QCCP, and meets the
applicable requirements under §.35 and §.36 of the
regulatory capital rules. The risk weight for an eligible
credit derivative cleared through a QCCP is 2 percent or
4 percent, based on conditions set forth in the rules. The
HC-R-71
Schedule HC-R
risk weight for an eligible credit derivative cleared
through a CCP is determined according to §.32 of the
regulatory capital rules. In addition, the coverage amount
provided by an eligible credit derivative must be adjusted
downward under certain conditions as described in §.36
of the regulatory capital rules.
If a clearing member holding company or clearing member client holding company has obtained full or partial
protection for an on-balance sheet asset or off-balance
sheet item using a cleared eligible credit derivative
cleared through a QCCP, the holding company may, but
is not required to, recognize the benefits of this eligible
credit derivative in determining the risk-weighted asset
amount for the hedged exposure in Schedule HC-R, Part
II, by reporting the protected exposure amounts and
credit equivalent amounts in the 2 percent or 4 percent
risk-weight category, as appropriate under the regulatory
capital rules. Any amount of the exposure that is not
covered by the eligible credit derivative should be
reported in the risk-weight category corresponding to the
risk weight of the underlying exposure. For example, for
an asset with a $200 exposure amount fully covered by
an eligible credit derivative cleared through a QCCP that
qualifies for a 2 percent risk weight, the holding company
would report the $200 exposure amount in Column
D–2% risk weight for the appropriate asset category.
Treatment of Certain Centrally Cleared Derivative
Contracts
In August 2017, the banking agencies issued supervisory
guidance on the regulatory capital treatment of certain
centrally cleared derivative contracts which are reported
in HC-R Part II item 21, in light of revisions to the
rulebooks of certain central counterparties. Under the
previous requirements of these central counterparties’
rulebooks, variation margin transferred to cover the
exposure that arises from marking cleared derivative
contracts, and netting sets of such contracts, to fair value
was considered collateral pledged by one party to the
other, with title to the collateral remaining with the
posting party. These derivative contracts are referred to
as collateralized-to-market contracts. Under the revised
rulebooks of certain central counterparties, variation margin for certain centrally cleared derivative contracts, and
certain netting sets of such contracts, is considered a
settlement payment for the exposure that arises from
marking these derivative contracts and netting sets to fair
value, with title to the payment transferring to the
HC-R-72
receiving party. In these circumstances, the derivative
contracts and netting sets are referred to as settled-tomarket contracts.
Irrespective of the classification discussed above, under
the standardized approach for counterparty credit risk, a
holding company may elect to treat derivative contracts
as collateralized-to-market derivative contracts subject to
a variation margin agreement and apply the maturity
factor for derivative contracts subject to a variation
margin agreement. A holding company that elects to
apply this treatment must apply the maturity factor
applicable to margined derivative contracts.
Under the Board’s regulatory capital rules, in general, a
holding company must calculate the trade exposure
amount for a cleared derivative contract, or a netting set
of such contracts, by using the methodology described in
§.34 of the rules to determine (i) the current credit
exposure and (ii) the potential future exposure (PFE) of
the derivative contract or netting set of such contracts for
purposes of the standardized approach risk-based capital
calculation and the supplementary leverage ratio calculation when using the Current Exposure Method (CEM) or
by using the methodology described in §.132 of the rules
to determine (i) the replacement cost and (ii) the potential
future exposure of the derivative contract or netting set of
such contracts for purposes of the standardized approach
risk-based capital calculation and the supplementary
leverage ratio calculations when using the Standardized
Approach—Counterparty Credit Risk Method (SA-CCR).
The risk-weighted asset calculations under the advanced
approaches capital framework have similar requirements.
Under CEM, current credit exposure is determined by
reference to the fair value of each derivative contract as
measured under U.S. GAAP. Potential future exposure is
determined, in part, by multiplying each derivative contract’s notional principal amount by a conversion factor.
The conversion factors vary by the category (for example, interest rate, equity) and remaining maturity of the
derivative contract.30
Under SA-CCR, the determination of the replacement
cost depends on whether the counterparty to a holding
company is required to post variation margin. The
replacement cost for a netting set that is not subject to a
variation margin agreement is equal to the greater of (1)
30. See the instructions for Schedule HC-R, Part II, item 21, “Centrally
cleared derivatives,” for a chart of the credit conversion factors.
Schedule HC-R
FR Y-9C
March 2020
Schedule HC-R
the sum of the fair values (after excluding any valuation
adjustments) of the derivative contracts within the netting
set, less the net independent collateral amount applicable
to such derivative contracts, or (2) zero. For a netting set
that is subject to a variation margin agreement where the
counterparty is required to post variation margin, replacement cost is equal to the greater of (1) the sum of the fair
values (after excluding any valuation adjustments) of the
derivative contracts within the netting set, less the sum of
the net independent collateral amount and the variation
margin amount applicable to such derivative contracts;
(2) the sum of the variation margin threshold and the
minimum transfer amount applicable to the derivative
contracts within the netting set, less the net independent
collateral amount applicable to such derivative contracts;
or (3) zero. The SA-CCR PFE is equal to the product of
the PFE multiplier and the aggregated amount. To determine the aggregated amount, a holding company is
required to determine the hedging set amounts for the
derivative contracts within a netting set, where a hedging
set is comprised of derivative contracts that share similar
risk factors based on asset class (e.g., interest rate,
exchange rate, credit, equity, and commodity).
The regulatory capital rules provide that, for a derivative
contract that is structured such that on specified dates any
outstanding exposure is settled and the terms are reset so
that the fair value of the contract is zero, the remaining
maturity equals the time until the next reset date.
For the purpose of the regulatory capital rules, the
August 2017 supervisory guidance states that if, after
accounting and legal analysis, a holding company determines that (i) the variation margin payment on a centrally
cleared settled-to-market contract settles any outstanding
exposure on the contract. In conducting its legal analysis
to determine whether variation margin may be considered settlement of outstanding exposure under the regulatory capital rules, a holding company should evaluate
whether the transferor of the variation margin has relinquished all legal claims to the variation margin and
whether the payment of variation margin constitutes
settlement under the central counterparty’s rulebook, any
other applicable agreements governing the derivative
contract, and applicable law. Among other requirements,
a central counterparty’s rulebook may require an institution to satisfy additional obligations, such as payment of
other expenses and fees, in order to recognize payment of
variation margin as satisfying settlement under the rulebook. The legal and accounting analysis performed by
FR Y-9C
Schedule HC-R
March 2020
the institution should take all such requirements into
account.
When using the SA-CCR method, a holding company
may elect to treat settled-to-market derivatives contracts
as subject to a variation margin agreement and receive
the benefits of netting with collateralized-to-market
derivative contracts. If a holding company elects to treat
settled-to-market derivative contracts as subject to a
variation margin agreement, it must apply the maturity
factor to such contracts under §.132(c)(9)(iv)(A) of the
rules. The maturity factor of a derivative contract that is
subject to a variation margin agreement, excluding
derivative contracts that are subject to a variation margin
agreement under which the counterparty is not required
to post variation margin, is determined by the following
formula:
Maturity Factor
3 MPOR
,
2
250
where MPOR refers to the period from the most recent
exchange of collateral under a variation margin agreement with a defaulting counterparty until the derivative
contracts are closed out and the resulting market risk is
re-hedged.
Holding companies should refer to the supervisory guidance in its entirety for purposes of determining the
appropriate regulatory capital treatment of settled-tomarket contracts under the regulatory capital rules.
Treatment of FDIC Loss-Sharing Agreements - Losssharing agreements entered into by the FDIC with acquirers of assets from failed institutions are considered
conditional guarantees for risk-based capital purposes
due to contractual conditions that acquirers must meet.
The guaranteed portion of assets subject to a loss-sharing
agreement may be assigned a 20 percent risk weight.
Because the structural arrangements for these agreements
vary depending on the specific terms of each agreement,
holding companies should consult with their Federal
Reserve Bank to determine the appropriate risk-based
capital treatment for specific loss-sharing agreements.
Allocated Transfer Risk Reserve (ATRR) - If the reporting holding company is required to establish and maintain an ATRR as specified in Section 905(a) of the
International Lending Supervision Act of 1983, the
HC-R-73
Schedule HC-R
ATRR should be reported in Schedule HC-R, Part II,
item 30. The ATRR is not eligible for inclusion in either
tier 1 or tier 2 capital.
Any ATRR related to loans and leases held for investment is included on the balance sheet in Schedule HC,
item 4(c), ‘‘Allowance for loan and lease losses,’’ and
separately disclosed in Schedule HI-B, part II, Memorandum item 1. However, if the holding company must
maintain an ATRR for any asset other than a loan or lease
held for investment, the balance sheet category for that
asset should be reported net of the ATRR on Schedule
HC. In this situation, the ATRR should be reported as a
negative number (i.e., with a minus (-) sign) in column B,
‘‘Adjustments to totals reported in Column A,’’ of the
corresponding asset category in Schedule HC-R, Part II,
items 1 through 4 and 7 through 9. The amount to be
risk-weighted for this asset in columns C through Q, as
appropriate, would be its net carrying value plus the
ATRR. For example, a holding company has a held-tomaturity security issued by a foreign commercial company against which it has established an ATRR of $20.
The security, net of the ATRR, is included in Schedule
HC, item 2(a), ‘‘Held-to-maturity securities,’’ at $80. The
security should be included in Schedule HC-R, Part II,
item 2(a), column A, at $80. The holding company
should include $-20 in Schedule HC-R, Part II, item 2(a),
column B, and $100 in item 2(a), column I.
Item Instructions for Part II
Items 1 through 25 columns A through U are to be
reported semiannually in June and December by HCs
with less than $5 billion in total assets.
Balance Sheet Asset Categories
Item No.
1
Caption and Instructions
Cash and balances due from depository
institutions. Report in column A the amount
of cash and balances due from depository
institutions reported in Schedule HC, sum of
items 1(a) and 1(b), excluding those balances
due from depository institutions that qualify
as securitization exposures as defined in §.2
of the regulatory capital rules.
The amount of those balances due from depository
institutions reported in Schedule HC, items 1(a)
and 1(b) that qualify as securitization exposures
must be reported in Schedule HC-R, Part II, item
9(d), column A.
HC-R-74
• In column C-0% risk weight, include:
o The amount of currency and coin reported in
Schedule HC, item 1(a);
o Any balances due from Federal Reserve Banks
reported in Schedule HC, item 1(b);
o The insured portions of deposits in FDICinsured depository institutions and NCUAinsured credit unions reported in Schedule HC,
items 1(a) and 1(b); and
o The amount of negotiable certificates of deposit
purchased through the Money Market Mutual
Fund Liquidity Facility.
• In column G-20% risk weight, include:
o Any balances due from depository institutions
and credit unions that are organized under the
laws of the United States or a U.S. state
reported in Schedule HC, items 1(a) and 1(b),
in excess of any applicable FDIC or NCUA
deposit insurance limits for deposit exposures
or where the depository institutions are not
insured by either the FDIC or the NCUA;
o Any balances due from Federal Home Loan
Banks reported in Schedule HC, items 1(a) and
1(b); and
o The amount of cash items in the process of
collection reported in Schedule HC, item 1(a).
• In column I -100% risk weight, include all other
amounts that are not reported in columns C
through Q.
• Cash and balances due from depository institutions that must be risk-weighted according to the
Country Risk Classification (CRC) methodology
o In column C-0% risk weight; column G-20%
risk weight; column H-50% risk weight; column I-100% risk weight; column J-150% risk
weight. Assign these exposures to risk weight
categories based on the CRC methodology
described above in the General Instructions
for Part II. Include:
o The amounts reported in Schedule HC, items
1(a) and 1(b), composed of balances due from
foreign banks;
o Any balances due from foreign central banks.
Schedule HC-R
FR Y-9C
March 2021
Schedule HC-R
If the reporting holding company is the correspondent
holding company in a pass-through reserve balance relationship, report in column C the amount of its own
reserves as well as those reserve balances actually passed
through to a Federal Reserve Bank on behalf of its
respondent depository institutions.
If the reporting holding company is the respondent
holding company in a pass-through reserve balance relationship, report in column C the amount of the holding
company’s reserve balances due from its correspondent
holding company or bank that its correspondent has
actually passed through to a Federal Reserve Bank on the
reporting holding company’s behalf, i.e., for purposes of
this item, treat these balances as balances due from a
Federal Reserve Bank. This treatment differs from that
required in Schedule HC-A, item 2, ‘‘Balances due from
depository institutions in the U.S.,’’ which treats passthrough reserve balances held by a bank’s correspondent
as balances due from a depository institution as opposed
to balances due from the Federal Reserve.
If the reporting holding company is a participant in an
excess balance account at a Federal Reserve Bank, report
in column C the holding company’s balance in this
account.
If the reporting holding company accounts for any holdings of certificates of deposit (CDs) like available-forsale debt securities that do not qualify as securitization
exposures, report in column A the fair value of such CDs.
If the holding company has made the Accumulated Other
Comprehensive Income opt out election in Schedule
HC-R, Part I, item 3(a), include in column B the difference between the fair value and amortized cost of these
CDs. When fair value exceeds amortized cost, report the
difference as a positive number in column B. When
amortized cost exceeds fair value, report the difference as
a negative number (i.e., with a minus (-) sign) in column
B. Risk weight the amortized cost of these CDs in
columns C through J, as appropriate.
2
Securities (excluding securitization exposures). Do not include securities that qualify
as securitization exposures in items 2(a) and
2(b) below; instead, report these securities in
Schedule HC-R, Part II, items 9(a) and 9(b).
In general, under the regulatory capital rules,
securitizations are exposures that are
‘‘tranched’’ for credit risk. Refer to the definitions of securitization, traditional securitiza-
FR Y-9C
Schedule HC-R
March 2020
tion, synthetic securitization and tranche in
§.2 of the regulatory capital rules.
2(a)
Held-to-maturity securities. Report in column A the amount of held-to-maturity (HTM)
securities reported in Schedule HC, item 2(a),
excluding those HTM securities that qualify
as securitization exposures as defined in §.2
of the regulatory capital rules.
The amount of those HTM securities reported
in Schedule HC, item 2(a), that qualify as
securitization exposures are to be reported in
Schedule HC-R, Part II, item 9(a), column A.
The sum of Schedule HC-R, Part II, items
2(a) and 9(a), column A, must equal Schedule
HC, item 2(a).
Exposure amount to be used for purposes of
risk weighting - holding company cannot or
has not made the Accumulated Other Comprehensive Income (AOCI) opt-out election in
Schedule HC-R, Part I, item 3(a): For a
security classified as held-to-maturity where
the holding company cannot or has not made
the AOCI opt-out election (i.e., most AOCI is
included in regulatory capital), the exposure
amount to be risk weighted by the holding
company is the carrying value of the security,
which is the value of the asset reported (a) on
the balance sheet of the holding company
determined in accordance with GAAP and (b)
in Schedule HC-R, Part II, item 2(a), column A.
Exposure amount to be used for purposes of
risk weighting - holding company has made
the AOCI opt-out election in Schedule HC-R,
Part I, item 3(a): For a security classified as
held-to-maturity where the holding company
has made the AOCI opt-out election (i.e.,
most AOCI is not included in regulatory
capital), the exposure amount to be risk
weighted by the holding company is the carrying value of the security reported (a) on the
balance sheet of the holding company and (b)
in Schedule HC-R, Part II, item 2(a), column
A, less any net unrealized gain on the exposure plus any net unrealized loss on the
exposure included in AOCI. For purposes of
determining the exposure amount of an HTM
HC-R-75
Schedule HC-R
security, an unrealized gain (loss), if any, on
such a security that is included in AOCI is (i)
the unamortized balance of the unrealized
gain (loss) that existed at the date of transfer
of a debt security transferred into the held-tomaturity category from the available for sale
category, or (ii) the unaccreted portion of
other-than-temporary impairment losses on
an HTM debt security that was not recognized
in earnings in accordance with ASC Topic
320, Investments-Debt and Equity Securities
(formerly FASB Statement No. 115,
“Accounting for Certain Investments in Debt
and Equity Securities”). Thus, for an HTM
security with such an unrealized gain (loss),
report in column B any difference between the
carrying value of the security reported in
column A of this item and its exposure
amount reported under the appropriate risk
weighting column C through J.
• In column B for non-advanced approaches holding companies, include the amount of:
o Investments in the capital of unconsolidated
financial institutions in the form of tier 2
capital that are reported in Schedule HC, item
2.a, and have been deducted from capital in
Schedule HC-R, Part I, item 43
• In column B for advanced approaches holding
companies, include the amount of:
o Non-significant investments in tier 2 capital
and covered debt instruments of unconsolidated financial institutions that are reported in
Schedule HC, item 2.a, and have been deducted
from capital in Schedule HC-R, Part I, item 43.
o Significant investments in the capital of unconsolidated financial institutions in the form of
tier 2 capital and covered debt instruments,
that are reported in Schedule HC, item 2.a, and
have been deducted from capital in Schedule
HC-R, Part I, item 43.
o Investments in nonqualifying excluded covered debt instruments that are reported in
Schedule HC, item 2.a, and have been deducted
from capital in Schedule HC-R, Part I, item 17,
item 24, and item 43.
HC-R-76
o For a holding company that has adopted CECL
includes as a negative number in column B:
the relevant portion of Schedule HI-B, Part II,
item 7, Column B, “Balance end of current
period: Held-to-maturity debt securities,” less
Schedule HC-R, part II, Memorandum
item 5(b), “Amount of allowances for credit
losses on purchased credit-deteriorated assets:
Held-to-maturity securities.” For example, if a
firm reports $100 in Schedule HI-B, Part II,
item 7, Column B, and $10 in Schedule HC-R,
part II, Memorandum item 5(b), the firm
would report ($90) in this column B.
• In column C-0% risk weight. The zero percent
risk weight applies to exposures to the U.S.
government, a U.S. government agency, or a
Federal Reserve Bank, and those exposures otherwise unconditionally guaranteed by the U.S.
government. Include exposures to or unconditionally guaranteed by the FDIC or the NCUA.
Certain foreign government exposures and certain entities listed in §.32 of the regulatory
capital rules may also qualify for the zero percent risk weight. Also include the exposure
amount of HTM debt securities purchased
through the Money Market Mutual Fund Liquidity Facility. Include the exposure amounts of
securities reported in Schedule HC-B, column A,
that do not qualify as securitization exposures
that qualify for the zero percent risk weight.
Such securities may include portions of, but may
not be limited to:
o Item 1, “U.S. Treasury securities,”
o Item 2, Those obligations “issued by U.S.
Government agencies,”
o Item 4(a)(1), Residential mortgage passthrough securities “Guaranteed by GNMA,”
o Item 4(b)(1), those other residential mortgagebacked securities issued or guaranteed by U.S.
Government agencies, such as GNMA exposures,
o Item 4(c)(1)(a), those commercial MBS “Issued
or guaranteed by FNMA, FHLMC, or GNMA”
that represent GNMA securities, and
Schedule HC-R
FR Y-9C
June 2021
Schedule HC-R
o Item 4(c)(2)(a), those commercial mortgagebacked securities (MBS) “Issued or guaranteed by U.S. Government agencies or sponsored agencies” that represent GNMA
securities.
o The portion of any exposure reported in Schedule HC, item 2(a), that is secured by collateral
or has a guarantee that qualifies for the zero
percent risk weight.
• In column G-20% risk weight. The 20 percent
risk weight applies to general obligations of U.S.
states, municipalities, and U.S. public sector
entities. It also applies to exposures to U.S.
depository institutions and credit unions, exposures conditionally guaranteed by the U.S. government, as well as exposures to U.S.
government-sponsored enterprises. Certain foreign government and foreign bank exposures
may qualify as indicated in §.32 of the regulatory
capital rules. Include the exposure amounts of
securities reported in Schedule HC-B, Column
A, that do not qualify as securitization exposures
that qualify for the 20 percent risk weight. Such
securities may include portions of, but may not
be limited to:
o Item 2, This obligations ‘‘issued by U.S.
Government-sponsored agencies,’’
o Item 3, ‘‘Securities issued by states and political subdivisions in the U.S.’’ that represent
general obligation securities,
o Item 4(a)(2), Residential mortgage passthrough securities ‘‘Issued by FNMA and
FHLMC,’’
o Item 4(b)(1), Other residential mortgagebacked securities ‘‘Issued or guaranteed by
U.S. Government agencies or sponsored agencies,’’
o Item 4(c)(1)(a), those commercial MBS
‘‘Issued or guaranteed by FNMA, FHLMC, or
GNMA’’ that represent FHLMC and FNMA
securities,
o Item 4(c)(2)(a), those commercial MBS
‘‘Issued or guaranteed by U.S. Government
agencies or sponsored agencies’’ that represent
FHLMC and FNMA securities,
FR Y-9C
Schedule HC-R
December 2020
o Item 4(b)(2), Other residential mortgagebacked securities ‘‘Collateralized by MBS
issued or guaranteed by U.S. Government
agencies or sponsored agencies’’, and
o Any securities categorized as ‘‘structured financial products’’ on Schedule HC-B that are not
securitization exposures and qualify for the 20
percent risk weight. Note: Many of the structured financial products would be considered
securitization exposures and must be reported
in Schedule HC-R, Part II, item 9(a) for purposes of calculating risk weighted assets.
o The portion of any exposure reported in Schedule HC, item 2(a), that is secured by collateral
or has a guarantee that qualifies for the 20
percent risk weight.
• In column H-50% risk weight, include the exposure amounts of securities reported in Schedule
HC-B, column A, that do not qualify as securitization exposures that qualify for the 50 percent
risk weight. Such securities may include portions
of, but may not be limited to:
o Item 3, ‘‘Securities issued by states and political subdivisions in the U.S.,’’ that represent
revenue obligation securities,
o Item 4(a)(3), ‘‘Other pass-through securities,’’
that represent residential mortgage exposures
that qualify for 50 percent risk weight. (Passthrough securities that do not qualify for 50
percent risk weight should be assigned to the
100 percent risk weight category.)
o Item 4(b)(2), Other residential mortgagebacked securities ‘‘Collateralized by MBS
issued or guaranteed by U.S. Government
agencies or sponsored agencies’’ (excluding
portions subject to an FDIC loss-sharing agreement and interest-only securities) that represent residential mortgage exposures that qualify
for 50 percent risk weight, and
o Item 4(b)(3), ‘‘All other residential MBS.’’
Include only those MBS that qualify for 50
percent risk weight. Refer to §.32(g), (h) and
(i) of the regulatory capital rules. Note: do not
include MBS portions that are tranched for
HC-R-77
Schedule HC-R
credit risk; those must be reported as securitization exposures in Schedule HC-R, Part II,
item 9(a). Exclude interest-only securities.
o The portion of any exposure reported in Schedule HC, item 2(a), that is secured by collateral
or has a guarantee that qualifies for the 50
percent risk weight.
• In column I-100% risk weight, include the exposure amounts of securities reported in Schedule
HC-B, column A, that do not qualify as securitization exposures that qualify for the 100 percent
risk weight. Such securities may include portions
of, but may not be limited to:,
o Item 4(a)(3), ‘‘Other pass-through securities,’’
that represent residential mortgage exposures
that qualify for the 100 percent risk weight,
o Item 4(b)(2), Other residential mortgagebacked securities ‘‘Collateralized by MBS
issued or guaranteed by U.S. Government
agencies or sponsored agencies’’ (excludes
portions subject to an FDIC loss-sharing agreement), that represent residential mortgage
exposures that qualify for the 100 percent risk
weight,
o Item 4(b)(3), ‘‘All other residential MBS.’’
Include only those MBS that qualify for the
100 percent risk weight. Refer to §.32(g), (h)
and (i) of the regulatory capital rules. (Note:
do not include MBS that are tranched for
credit risk; those should be reported as securitization exposures in Schedule HC-R, Part II,
item 9(a)),
o Item 4(c)(1)(b), ‘‘Other pass-through securities,’’
o Item 4(c)(2)(b), ‘‘All other commercial MBS,’’
o Item 5(a), ‘‘Asset-backed securities,’’ and
o Any securities reported as ‘‘structured financial products’’ in Schedule HC-B, item 5(b),
that are not securitization exposures and qualify
for the 100 percent risk weight. Note: Many of
the structured financial products would be
considered securitization exposures and must
be reported in Schedule HC-R, Part II, item
9(a), for purposes of calculating risk weighted
assets.
HC-R-78
o Also include all other HTM securities that do
not qualify as securitization exposures reported
in Schedule HC, item 2(a), that are not included
in columns C through through J.
o The portion of any exposure reported in Schedule HC, item 2(a), that is secured by collateral
or has a guarantee that qualifies for the 100
percent risk weight.
• In column J-150% risk weight, include the exposure amounts of securities reported in Schedule
HC-B, column A, that are past due 90 days or
more or in nonaccrual status (except sovereign
exposures), excluding those portions that are
covered by qualifying collateral or eligible guarantees as described in §.37 and §.36, respectively, of the regulatory capital rule.
• Held-to-maturity securities that must be riskweighted according to the Country Risk Classification (CRC) methodology
o In column C-0% risk weight; column G-20%
risk weight; column H-50% risk weight; column I-100% risk weight; column J-150% risk
weight. Assign these exposures to risk weight
categories based on the CRC methodology
described above in the General Instructions
for Part II. Include the exposure amounts of
those securities reported in Schedule HC-B,
column A, that are directly and unconditionally guaranteed by foreign central governments or are exposures to foreign banks that
do not qualify as securitization exposure. Such
securities may include portions of, but may not
be limited to:
o Item 4(a)(3), “Other pass-through securities,”
o Item 4(b)(3), “All other residential MBS,”
o Item 4(c)(1)(b), “Other pass-through securities,”
o Item 4(c)(2)(b), “All other commercial MBS,”
o Item 5(a), “Asset-backed securities,”
o Any securities reported as “structured financial products” in Schedule HC-B, item 5(b),
that are not securitization exposure. Note:
Many of the structured financial products
would be considered securitization exposures
and reported in Schedule HC-R, Part II, item
Schedule HC-R
FR Y-9C
December 2020
Schedule HC-R
9(a) for purposes of calculating risk weighted
assets, and
o Item 6(b), “Other foreign debt securities.”
2(b)
Available-for-sale debt securities and equity
securities with readily determinable fair
values not held for trading.
Report in column A the sum of:
(1) The fair value of AFS debt securities
reported in Schedule HC item 2(b); and
(2) The fair value of equity securities with
readily determinable fair values not held
for trading reported in Schedule HC,
item 2(c);
excluding the fair value of those debt and
equity securities that qualify as secularization
exposures as defined in §.2 of the regulatory
capital rules, which must be reported in
Schedule HC-R, Part II, item 9.b, column A.
The sum of Schedule HC-R, Part II, items 2.b
and 9.b, column A, must equal the sum of
Schedule HC, items 2.b and 2.c.
Exposure amounts to be used for purposes of
risk weighting by a holding company that
cannot or has not made the Accumulated
Other Comprehensive Income (AOCI) optout election in Schedule HC-R, Part I, item
3(a):
For a security reported in Schedule HC-R,
Part II, item 2(b), column A where the holding company cannot or has not made the
AOCI opt-out election (i.e., most AOCI is
included in regulatory capital), the exposure
amount to be risk-weighted by holding company is:
• For debt securities: the carrying value,
which is the value of the asset reported
on the balance sheet of the holding company determined in accordance with
GAAP (i.e., the fair value of the availablefor-sale debt security) and in column A.
FR Y-9C
Schedule HC-R
December 2020
• For equity securities and preferred
stock classified as an equity under
GAAP: the adjusted carrying value.31
Exposure amounts to be used for purposes
of risk weighting by a holding company
that has made the AOCI opt-out election in
Schedule HC-R, Part I, item 3(a):
For a security reported in Schedule HC-R,
Part II, item 2(b) column A, where the
holding company has made the AOCI optout election (i.e., most AOCI is not included
in regulatory capital), the exposure amount
to be risk weighted by the holding company
is:
• For a debt security: the carrying value,
less any unrealized gain on the exposure
or plus any unrealized loss on the exposure included in AOCI.
• For equity securities and preferred
stock classified as an equity under
GAAP with readily determinable fair
values: the adjusted carrying value.32
• In column B, a holding company that has
made the AOCI opt-out election should
include the difference between the fair
value and amortized cost of those AFS
debt securities that do not qualify as
securitization exposures. This difference
equals the amounts reported in Schedule
HC-B, items 1 through 6, column D,
minus items 1 through 6, column C, for
31. Adjusted carrying value applies only to equity exposures and is
defined in §.51 of the regulatory capital rules. In general, it includes an
on-balance sheet amount as well as application of conversion factors to
determine on-balance sheet equivalents of any off-balance sheet commitments to acquire equity exposures. For holding companies that cannot or
have not made the AOCI opt-out election, the on-balance sheet component
is equal to the carrying value. Refer to §.51 for the precise definition.
32. Adjusted carrying value applies only to equity exposures and is
defined in §.51 of the regulatory capital rules. In general, it includes an
on-balance sheet amount as well as application of conversion factors to
determine on-balance sheet equivalents of any off-balance sheet commitments to acquire equity exposures. For holding companies that have made
the AOCI opt-out election, the adjusted carrying value of an on-balance
sheet equity exposure, such as an equity security with a readily determinable fair value not held for trading, is equal to the carrying value of the
equity exposure, i.e., the value of the asset on the balance sheet determined
in accordance with U.S. GAAP. Refer to §.51 for the precise definition.
HC-R-79
Schedule HC-R
those AFS debt securities included in
these items that are not securitization
exposures.
o When fair value exceeds cost, report the difference as a positive number in Schedule HC-R,
Part II, item 2(b), column B.
o When cost exceeds fair value, report the difference as a negative number (i.e., with a minus
(-) sign) in Schedule HC-R, Part II, item 2(b),
column B.
Example: A holding company reports an AFS
debt security that is a not a securitization exposure on its balance sheet in Schedule HC, item
2(b), at a carrying value (i.e., fair value) of $105.
The amortized cost of the debt security is $100.
The holding company has made the AOCI optout election in Schedule HC-R, Part I, item 3(a).
The AFS debt security has a $5 unrealized gain
that is included in AOCI. In Schedule HC-R, Part
II, item 2(b), the holding company would report:
o $105 in column A. This is the carrying value
of the AFS debt security on the bank’s balance
sheet.
o $5 in column B. This is the difference between
the carrying value (i.e., fair value) of the debt
security and its exposure amount that is subject to risk-weighting. For holding companies
that has made the AOCI opt-out election,
column B will typically represent the amount
of the unrealized gain or unrealized loss on the
security. Gains are reported as positive numbers; losses as negative numbers. (Note: if the
holding company has not made or cannot
make the AOCI opt-out election, there will not
be an adjustment to be reported in column B.)
o $100 is the exposure amount subject to risk
weight loss. This amount will be reported
under the appropriate risk weight associated
with the exposure (columns C through J). For
holding companies that have made AOCI optout election, the exposure amount typically
will be the carrying value (i.e., fair value) of
the debt security excluding any unrealized
gain or loss.
• In column B, for a holding company that has
made the AOCI opt-out election, no amount
HC-R-80
should be included for equity securities and
preferred stock classified as an equity under
GAAP with readily determinable fair values that
are reported in Schedule HC-R, Part II, item
2(b), column A.
• In column B for non-advanced approaches holding companies, include the amount of:
o Investments in the capital of unconsolidated
financial institutions that are reported in Schedule HC, item 2(c), and have been deducted
from capital in Schedule HC-R, Part I, item
13.a, item 24, and item 43.
• In column B for advanced approaches holding
companies, include the amount of:
o Non-significant investments in the capital and
covered debt instruments of unconsolidated
financial institutions that are reported in Schedule HC, item 2(c), and have been deducted
from capital in Schedule HC-R, Part I, item
11, item 17, item 24, and item 43.
o Significant investments in the capital of unconsolidated financial institutions in the form of
tier 2 capital and covered debt instruments,
that are reported in Schedule HC, item 2(c),
and have been deducted from capital in Schedule HC-R, Part I, item 17, item 24 and item 43.
o Investments in nonqualifying excluded covered debt instruments that are reported in
Schedule HC, item 2(c), and have been
deducted from capital in Schedule HC-R,
Part I, item 17, item 24, and item 43.
o Significant investments in the capital of unconsolidated financial institutions in the form of
common stock, and covered debt instruments
of unconsolidated financial institutions,
reported Schedule HC, item 2(c), that are
subject to the 10 percent and 15 percent common equity tier 1 capital threshold limitations
and have been deducted for risk-based capital
purposes in Schedule HC-R, Part I, items 13.b
and 16.
o Significant investments in the capital of unconsolidated financial institutions in the form of
common stock reported in Schedule HC,
item 2.b (for a holding company that has not
Schedule HC-R
FR Y-9C
June 2021
Schedule HC-R
adopted ASU 2016-01) or item 2.c (for a
holding company that has adopted ASU 201601), that are subject to the 10 percent and
15 percent common equity tier 1 capital threshold limitations and have been deducted for
risk-based capital purposes in Schedule HC-R,
Part I, items 13.b and 16.
• In column C-0% risk weight, the zero percent
risk weight applies to exposures to the U.S.
government, a U.S. government agency, or a
Federal Reserve Bank, and those exposures otherwise unconditionally guaranteed by the U.S.
government. Include exposures to or unconditionally guaranteed by the FDIC or the NCUA.
Certain foreign government exposures and certain entities listed in §.32 of the regulatory
capital rules may also qualify for zero percent
risk weight. Also include the exposure amount of
HTM debt securities purchased through the
Money Market Mutual Fund Liquidity Facility.
Include the exposure amounts of those debt
securities reported in Schedule HC-B, column C,
that do not qualify as securitization exposures
that qualify for the zero percent risk weight.
Such debt securities may include portions of, but
may not be limited to:
o Item 1, “U.S. Treasury securities,”
o Item 2(a), Securities “Issued by U.S. Government agencies,”
o Item 4(a)(1), Residential mortgage passthrough securities “Guaranteed by GNMA,”
o Portions of item 4(b)(1), Other residential
mortgage-backed securities “Issued or guaranteed by U.S. Government agencies or sponsored agencies,” such as GNMA exposures,
o Item 4(c)(1)(a), certain portions of commercial
MBS “Issued or guaranteed by FNMA,
FHLMC, or GNMA” that represent GNMA
securities, and
o Item 4(c)(2)(a), certain portions of commercial
MBS ‘‘Issued or guaranteed by U.S. Government agencies or sponsored agencies’’ that
represent GNMA securities.
o The portion of any exposure reported in Schedule HC, item 2(b), that is secured by collateral
FR Y-9C
Schedule HC-R
March 2021
or has a guarantee that qualifies for the zero
percent risk weight.
• In column G-20% risk weight, the 20 percent risk
weight applies to general obligations of U.S.
states, municipalities, and U.S. public sector
entities. It also applies to exposures to U.S.
depository institutions and credit unions, exposures conditionally guaranteed by the U.S. government, as well as exposures to U.S. government sponsored enterprises. Certain foreign
government and foreign bank exposures may
qualify for the 20 percent risk weight as indicated in §.32 of the regulatory capital rules.
Include the exposure amounts of those debt
securities reported in Schedule HC-B, Column C, that do not qualify as securitization
exposures that qualify for the 20 percent risk
weight. Such debt securities may include portions of, but may not be limited to:
o Item 2(b), Securities “Issued by U.S.
Government-sponsored agencies” (exclude
interest-only securities),
o Item 3, ‘‘Securities issued by states and political subdivisions in the U.S.’’ that represent
general obligation securities,
o Item 4(a)(2), Residential mortgage passthrough securities ‘‘Issued by FNMA and
FHLMC’’ (exclude interest-only securities),
o Item 4(b)(1), Other residential mortgagebacked securities ‘‘Issued or guaranteed by
U.S. Government agencies or sponsored agencies’’ (exclude interest-only securities),
o Item 4(c)(1)(a), those commercial MBS
‘‘Issued or guaranteed by FNMA, FHLMC, or
GNMA’’ that represent FHLMC and FNMA
securities (exclude interest-only securities),
o Item 4(c)(2)(a), those commercial MBS
‘‘Issued or guaranteed by U.S. Government
agencies or sponsored agencies’’ that represent
FHLMC and FNMA securities (exclude
interest-only securities),
o Item 4(b)(2), Other residential mortgagebacked securities ‘‘Collateralized by MBS
issued or guaranteed by U.S. Government
HC-R-81
Schedule HC-R
agencies or sponsored agencies’’(exclude
interest-only securities), and
o Any securities categorized as ‘‘structured financial products’’ on Schedule HC-B that are not
securitization exposures and qualify for the 20
percent risk weight. Note: Many of the structured financial products would be considered
securitization exposures and must be reported
in Schedule HC-R, Part II, item 9(b), for
purposes of calculating risk-weighted assets.
Exclude interest-only securities.
o The portion of any exposure reported in Schedule HC, item 2(b), that is secured by collateral
or has a guarantee that qualifies for the 20
percent risk weight.
• In column H-50% risk weight, include the exposure amounts of those debt securities reported in
Schedule HC-B, column C, that do not qualify as
securitization exposures that qualify for the 50
percent risk weight. Such debt securities may
include portions of, but may not be limited to:
o Item 3, ‘‘Securities issued by states and political subdivisions in the U.S.,’’ that represent
revenue obligation securities,
o Item 4(a)(3), ‘‘Other pass-through securities,’’
that represent residential mortgage exposures
that qualify for the 50 percent risk weight.
(Pass-through securities that do not qualify for
the 50 percent risk weight should be assigned
to the 100 percent risk weight category.)
o Item 4(b)(2), Other residential mortgagebacked securities ‘‘Collateralized by MBS
issued or guaranteed by U.S. Government
agencies or sponsored agencies’’ (exclude portions subject to an FDIC loss-sharing agreement and interest-only securities) that represent residential mortgage exposures that qualify
for the 50 percent risk weight, and
o Item 4(b)(3), “All other residential MBS.”
Include only those MBS that qualify for the 50
percent risk weight. Refer to §.32(g), (h) and
(i) of the regulatory capital rules. Note: do not
include MBS that are tranched for credit risk;
those should be reported as securitization
exposures in Schedule HC-R, Part II, item
9(b). Do not include interest-only securities.
HC-R-82
o The portion of any exposure reported in Schedule HC, item 2(b), that is secured by collateral
or has a guarantee that qualifies for the 50
percent risk weight.
• In column I-100% risk weight, include the exposure amounts of debt securities reported in
Schedule HC-B, column C, that do not qualify as
securitization exposures that qualify for the 100
percent risk weight. Such debt securities may
include portions of, but may not be limited to:
o Item 4(a)(3), ‘‘Other pass-through securities,’’
that represent residential mortgage exposures
that qualify for the 100 percent risk weight,
o Item 4(b)(2), Other residential mortgagebacked securities ‘‘Collateralized by MBS
issued or guaranteed by U.S. Government
agencies or sponsored agencies’’ (excluding
portions subject to an FDIC loss-sharing agreement) that represent residential mortgage exposures that qualify for the 100 percent risk
weight,
o Item 4(b)(3), ‘‘All other residential MBS.’’
Include only those MBS that qualify for the
100 percent risk weight. Refer to §.32(g), (h)
and (i) of the regulatory capital rules. Note: do
not include MBS portions that are tranched for
credit risk; those should be reported as securitization exposures in Schedule HC-R, Part II,
item 9(b).
o Item 4(c)(1)(b), ‘‘Other pass-through securities,’’
o Item 4(c)(2)(b), ‘‘All other commercial MBS,’’
o Item 5(a), ‘‘Asset-backed securities,’’
o Any securities reported as ‘‘structured financial products’’ in Schedule HC-B, item 5(b),
that are not securitization exposures and qualify
for the 100 percent risk weight. Note: Many of
the structured financial products would be
considered securitization exposures and must
be reported in Schedule HC-R, Part II, item
9(b) for purposes of calculating risk weighted
assets.
o The portion of any exposure reported in Schedule HC, item 2(b), that is secured by collateral
Schedule HC-R
FR Y-9C
March 2018
Schedule HC-R
or has a guarantee that qualifies for the 100
percent risk weight.
o All other AFS debt securities that do not
qualify as securitization exposures reported in
Schedule HC, item 2(b), that are not included
in columns C through H, J through N, or R.
For non-advanced approaches institutions, also include in
column I-100% risk weight the exposure amounts of
publicly traded equity exposures with readily determinable fair values and equity exposures to investment funds
with readily determinable fair values (including mutual
funds), to the extent that the aggregate carrying value of
the holding company’s equity exposures does not exceed
10 percent of total capital. If the holding company’s
aggregate carrying value of equity exposures is greater
than 10 percent of total capital, the holding company
must report the exposure amount of its equity exposures
to investments funds (including mutual funds) in column
R (and the risk-weighted asset amount of such equity
exposures in column S) and the exposure amount of its
other equity exposures in either columns L or N, as
appropriate.
For advanced approaches institutions, also include in
column I-100% risk weight non-significant equity exposures, to the extent that the aggregate carrying value of
the exposures does not exceed 10 percent of total capital.
To utilize this risk weight, the bank must aggregate the
following equity exposures: unconsolidated small business investment companies or held through consolidated
small business investment companies; publicly traded
(including those held indirectly through mutual funds or
other investment funds); and non-publicly traded (including those held indirectly through mutual funds or other
investment funds).
• In column J-150% risk weight, include the exposure
amounts of securities reported in Schedule HC-B,
column C, that are past due 90 days or more or in
nonaccrual status (except sovereign exposures), excluding those portions that are covered by qualifying
collateral or eligible guarantees as described in §.37
and §.36, respectively, of the regulatory capital rules.
• In column K-250% risk weight, for an advanced
approaches holding company, include the portion that
does not qualify as a securitization exposure of Schedule HC, item 2(c), that represents the adjusted carrying
value of exposures that are significant investments in
the common stock of unconsolidated financial instituFR Y-9C
Schedule HC-R
December 2020
tions that are not deducted from capital. For further
information on the treatment of equity exposures, refer
to §.51 to §.53 of the regulatory capital rules.
• In column L-300% risk weight,
o For publicly traded equity securities with readily
determinable fair values reported in Schedule HC
item 2(c) (except equity securities to investment
firms), include the fair value of these equity securities as reported in Schedule HC, item 2(c).
• In column N-600% risk weight,
o For equity securities to investment firms with readily determinable fair values reported in Schedule
HC item 2(c), include the fair value of these equity
securities as reported in Schedule HC, item 2(c).
• In columns R and S-Application of Other RiskWeighting Approaches, include the holding company’s
equity exposures to investment funds with readily
determinable fair values (including mutual funds)
reported in Schedule HC, item 2(c), if the aggregate
carrying value of the holding company’s equity exposures is greater than 10 percent of total capital. Report
in column R the exposure amount of these equity
exposures to investment funds. Report in column S the
risk-weighted asset amount of these equity exposures
to investment funds as measured under the full lookthrough approach, the simple modified look-through
approach, or the alternative modified look-through
approach as described in §.53 of the regulatory capital
rules. All three of these approaches require a minimum
risk weight of 20 percent. For further information, refer
to the discussion of ‘‘Treatment of Equity Exposures’’
in the General Instructions for Schedule HC-R, Part II.
• Available-for-sale debt securities and equity
securities with readily determinable fair values
not held for trading that must be risk-weighted
according to the Country Risk Classification
(CRC) methodology:
• In column C-0% risk weight; column G-20% risk
weight; column H-50% risk weight; column
I-100% risk weight; column J-150% risk weight.
Assign these exposures to risk weight categories
based on the CRC methodology described above
in the General Instructions for Part II. Include
the exposure amounts of those securities reported
in Schedule HC, item 2(c), that are directly and
unconditionally guaranteed by foreign central
HC-R-83
Schedule HC-R
has a guarantee that qualifies for the 20
percent risk weight.
governments or are exposures on foreign banks
that do not qualify as securitization exposures.
Such securities may include portions of, but may
not be limited to:
• In column H - 50% risk weight, include
exposures reported in Schedule HC, item
3(a), that is secured by collateral or has a
guarantee that qualifies for the 50 percent
risk weight.
o Item 4(a)(3), ‘‘Other pass-through securities,’’
o Item 4(b)(3), ‘‘All other residential MBS,’’
o Item 4(c)(1)(b), ‘‘Other pass-through securities,’’
• In column I - 100% risk weight, include
exposures to non-depository institution
counterparties that lack qualifying collateral (refer to the regulatory capital rules for
specific criteria. Also include the amount
of federal funds sold reported in Schedule
HC, item 3(a), that are not included in
columns C through J. Also include the
portion of any exposure reported in Schedule HC, item 3(a), that is secured by collateral or has a guarantee that qualifies for the
100 percent risk weight.
o Item 4(c)(2)(b), ‘‘All other commercial MBS,’’
o Item 5(a), ‘‘Asset-backed securities,’’
o Any securities reported as ‘‘structured financial products’’ in Schedule HC-B, item 5(b),
that are not securitization exposures. Note:
Many structured financial products would be
considered securitization exposures and must
be reported in Schedule HC-R, Part II, item
9(b) for purposes of calculating risk weighted
assets,
• Federal funds sold that must be riskweighted according to the Country Risk
Classification (CRC) methodology
o Item 6(b), ‘‘Other foreign debt securities,’’ and
3
Federal funds sold and securities purchased under agreements to resell.
3(a)
Federal funds sold (in domestic offices).
Report in column A the amount of federal
funds sold reported in Schedule HC, item
3(a), excluding those federal funds sold that
qualify as securitization exposures as defined
in §.2 of the regulatory capital rules. The
amount of those federal funds sold reported
in Schedule HC, item 3(a), that qualify as
securitization exposures are to be reported in
Schedule HC-R, Part II, item 9(d), column A
• In column C - 0% risk weight, include the
portion of Schedule HC, item 3(a), that is
directly and unconditionally guaranteed by
U.S. Government agencies. Also include
the portion of any exposure reported in
Schedule HC, item 3(a), that is secured by
collateral or has a guarantee that qualifies
for the zero percent risk weight.
• In column G - 20% risk weight, include
exposures to U.S. depository institution
counterparties. Also include the portion of
any exposure reported in Schedule HC,
item 3(a), that is secured by collateral or
HC-R-84
o In column C-0% risk weight; column
G-20% risk weight; column H-50% risk
weight; column I-100% risk weight; column J-150% risk weight. Assign these
exposures to risk weight categories based
on the CRC methodology described
above in the General Instructions for
Part II. Include:
o The portion of Schedule HC, item 3(a),
that is directly and unconditionally guaranteed by foreign central governments
and exposures to foreign banks.
3(b)
Securities purchased under agreements to
resell. Report in columns A and B the amount
of securities purchased under agreements to
resell (securities resale agreements, i.e.,
reverse repos) reported in Schedule HC, item
3(b), excluding those securities resale agreements that qualify as securitization exposures
as defined in §.2 of the regulatory capital
rules. The amount of those securities resale
agreements reported in Schedule HC, item
3(b), that qualify as securitization exposures
Schedule HC-R
FR Y-9C
December 2020
Schedule HC-R
are to be reported in Schedule HC-R, Part II,
item 9(d), column A.
A holding company that has adopted CECL
includes in column B the relevant portion
(reflected as a negative number) related to all
other assets of Schedule HI-B, Part II, Memorandum item 6, “Allowance for credit losses
on other financial assets measured at amortized cost,” less Schedule HC-R, part II,
Memorandum item 5(c), “Amount of allowances for credit losses on purchased creditdeteriorated assets: Other financial assets
measured at amortized cost.” For example, if
a firm reports $100 in Schedule HI-B, Part II,
Memorandum item 6, and $10 in Schedule
HC-R, Part II, Memorandum item 5(c), the
firm would report ($90) in this column B.
• Note: for purposes of risk weighting, please
distribute on-balance sheet securities purchased under agreements to resell reported
in Schedule HC, item 3(b), within the risk
weight categories in Schedule HC-R, Part
II, item 16, “Repo-style transactions.” Holding companies should report their securities purchased under agreements to resell
in item 16 in order for institutions to calculate their exposure, and thus risk-weighted
assets, based on master netting set agreements covering repo-style transactions.
4
Loans and leases held for sale. Report in
column A of the appropriate subitem the carrying value of loans and leases held for sale (HFS)
reported in Schedule HC, item 4(a), excluding
those HFS loans and leases that qualify as
securitization exposures as defined in §.2 of the
regulatory capital rules.
The carrying value of those HFS loans and
leases reported in Schedule HC, item 4(a),
that qualify as securitization exposures must
be reported in Schedule HC-R, Part II, item
9(d), column A.
The sum of Schedule HC-R, Part II, items
4(a) through 4(d), column A, plus the carrying
value of HFS loans and leases that qualify as
securitization exposures and are reported in
Schedule HC-R, Part II, item 9(d), column A,
must equal Schedule HC, item 4(a).
FR Y-9C
Schedule HC-R
March 2020
4(a)
Residential mortgage exposures. Report in
column A the carrying value of loans held for
sale (HFS) reported in Schedule HC, item
4(a), that meet the definition of a residential
mortgage exposure or a statutory multifamily
mortgage33 in §.2 of the regulatory capital
33. Statutory multifamily mortgage means a loan secured by a multifamily residential property that meets the requirements under Section
618(b)(1) of the Resolution Trust Corporation Refinancing, Restructuring,
and Improvement Act of 1991, and that meets the following criteria:
(1) The loan is made in accordance with prudent underwriting standards:
(2) The principal amount of the loan at origination does not exceed 80
percent of the value of the property (or 75 percent of the value of the
property if the loan is based on an interest rate that changes over the
term of the loan) where the value of the property is the lower of the
acquisition cost of the property or the appraised (or. if appropriate.
evaluated) value of the property:
(3) All principal and interest payments on the loan must have been
made on a timely basis in accordance with the terms of the loan for at
least one year prior to applying a 50 percent risk weight to the loan. or in
the case where an existing owner is refinancing a loan on the property.
all principal and interest payments on the loan being refinanced must
have been made on a timely basis in accordance with the terms of the
loan for at least one year prior to applying a 50 percent risk weight to the
loan:
(4) Amortization of principal and interest on the loan must occur over a
period of not more than 30 years and the minimum original maturity for
repayment of principal must not be less than 7 years:
(5) Annual net operating income (before making any payment on the
loan) generated by the property securing the loan during its most recent
fiscal year must not be less than 120 percent of the loan’s current annual
debt service (or 115 percent of current annual debt service if the loan is
based on an interest rate that changes over the term of the loan) or. in the
case of a cooperative or other not-for-profit housing project. the property
must generate sufficient cash flow to provide comparable protection to
the institution: and
(6) The loan is not more than 90 days past due. or on nonaccrual.
A loan that meets the requirements of Section 618(b)(1) of the Resolution
Trust Corporation Refinancing, Restructuring, and Improvement Act of
1991 is a loan:
(i) secured by a first lien on a residence consisting of more than 4 dwelling
units:
(ii) under which
(I) the rate of interest does not change over the term of the loan. (b)
the principal obligation does not exceed 80 percent of the appraised value of the property. and ( c) the ratio of annual net
operating income generated by the property (before payment of
any debt service on the loan) to annual debt service on the loan is
not less than 120 percent: or
(II) the rate of interest changes over the term of the loan. (b) the
principal obligation does not exceed 75 percent of the appraised
value of the property. and (c) the ratio of annual net operating
income generated by the property (before payment of any debt
service on the loan) to annual debt service on the loan is not less
HC-R-85
Schedule HC-R
rules. Include in column A the carrying
value of:
• HFS loans secured by first or subsequent
liens on 1-4 family residential properties
(excluding first or subsequent liens on those
that qualify as securitization exposures) that
are reported in Schedule HC-C, items 1c(1),
1c(2)(a), and
• HFS loans secured by first or subsequent
liens on multifamily residential properties
with an original and outstanding amount of
$1 million or less (excluding those that
qualify as securitization exposures) that are
reported in Schedule HC-C, item 1d, as
these HFS loans would meet the regulatory
capital rules’ definition of residential mortgage exposure.
Exclude from this item:
• HFS loans secured by multifamily residential properties included in Schedule HC-C,
item 1d, that do not meet the definition of a
residential mortgage exposure or a statutory multifamily mortgage and are not
securitization exposures, and
• HFS 1-4 family residential construction
loans reported in Schedule HC-C, item
1a(1), that are not securitization exposures,
which should be reported in Schedule HC-R,
Part II, item 4.c or 4.d, as appropriate.
• In column C-0% risk weight, include the
portion of any exposure that meets the definition of residential mortgage exposure or
statutory multifamily mortgage reported in
Schedule HC, item 4(a), that is secured by
than 115 percent:
(iii) under which
(I) amortization of principal and interest occurs over a period of not
more than 30 years:
(II) the minimum maturity for repayment of principal is not less than
7 years: and
(III) timely payment of all principal and interest. in accordance with
the terms of the loan. occurs for a period of not less than 1 year:
and
(iv) that meets any other underwriting characteristics that the appropriate
Federal banking agency may establish, consistent with the purposes of
the minimum acceptable capital requirements to maintain the safety
and soundness of financial institutions.
HC-R-86
collateral or has a guarantee that qualifies
for the zero percent risk weight. This would
include loans collateralized by deposits at
the reporting institution.
• In column G-20% risk weight, include the
carrying value of the guaranteed portion of
HFS Federal Housing Administration (FHA)
and Veterans Administration (VA) mortgage
loans included in Schedule HC-C, item
1(c)(2)(a). Also include the portion of any
exposure that meets the definition of residential mortgage exposure or statutory multifamily mortgage reported in Schedule HC,
item 4(a), that is secured by collateral or has
a guarantee that qualifies for the 20 percent
risk weight. This would include the portion
of such an exposure covered by an FDIC
loss-sharing agreement.
• In column H-50% risk weight, include the
carrying value of HFS loans secured by (a)
1-4 family residential properties included in
Schedule HC-C, item 1(c)(1) (only include
qualifying first mortgage loans), qualifying
loans from items Schedule HC-C, 1(c)(2)(a)
and 1(d), or those that meet the definition of
a residential mortgage exposure and qualify
for 50 percent risk weight under §.32(g) of
the regulatory capital rules. For residential
mortgage exposures, the loans must be prudently underwritten, be fully secured by
first liens on 1-4 family residential properties (regardless of the original and outstanding amount of the loan) or multifamily
residential properties (with an original and
outstanding amount of $1 million or less),
not 90 days or more past due or in nonaccrual status, and have not been restructured
or modified (unless modified or restructured
(1) solely pursuant to the U.S. Treasury’s
Home Affordable Mortgage Program
(HAMP) or (2) consistent with the agencies’ April 7, 2020, interagency statement,34
34. As discussed in the April 7, 2020, Interagency Statement on Loan
Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Revised), Section 4013 of the Coronavirus Aid, Relief, and Economic Security Act provides financial institutions the option to temporarily suspend certain requirements under
Schedule HC-R
FR Y-9C
March 2021
Schedule HC-R
solely due to short-term modifications of
1-4 family residential mortgages made on a
good faith basis in response to the Coronavirus Disease 2019 (COVID-19), provided
that the loans are prudently underwritten
and not 90 days or more past due or carried
in nonaccrual status). Also include loans
that meet the definition of statutory multifamily mortgage in §.2 of the regulatory
capital rules. Also include the portion of
any exposure that meets the definition of
residential mortgage exposure or reported
in Schedule HC, item 4(a), that is secured
by collateral or has a guarantee that qualifies for the 50 percent risk weight.
Notes:
1 Refer to the definition of residential
mortgage exposure in §.2 of the regulatory capital rules, and refer to the requirements for risk weighting residential mortgage loans in §.32 of the regulatory
capital rules.
2 A residential mortgage loan may receive
a 50 percent risk weight if it meets the
qualifying criteria in §.32(g) of the regulatory capital rules:
o A property is owner-occupied or rented;
o The loan is prudently underwritten
including the loan amount as a percentage of the appraised value of the real
estate collateral;
o The loan is not 90 days or more past
due or on nonaccrual;
past due or carried in nonaccrual status).
o If the holding company holds the firstlien and junior -lien(s) on a residential
mortgage exposure, and no other party
holds an intervening lien, the holding
company must combine the exposures
and treat them as a single first-lien
residential mortgage exposure.
4 A first lien home equity line (HELOC)
may qualify for 50 percent risk weight if
it meets the qualifying criteria in §.32(g)
listed above.
5 A residential mortgage loan of $1 million or less on a property of more than 4
units may qualify for 50 percent risk
weight if it meets the qualifying criteriain §.32(g) listed above.
• In column I-100% risk weight, include the
carrying value of HFS loans that are residential mortgage exposures reported in
Schedule HC, item 4(a), that are not included
in columns C, G, H or R. Include HFS loans
that are junior lien residential mortgage
exposures if the holding company does not
hold the first lien on the property, except the
portion of any junior lien residential mortgage exposure that is secured by collateral
or has a guarantee that qualifies for the zero
percent, 20 percent, or 50 percent risk
weight. Include HFS loans that are residential mortgage exposures that have been
restructured or modified, except:
• Those loans restructured or modified
solely pursuant to the U.S. Treasury’s
HAMP, and
o The loan is not restructured or modified (except for loans restructured
(1) solely pursuant to the U.S. Treasury’s HAMP or (2) solely due to a
short-term modification made on a good
faith basis in response to COVID-19,
provided that the loan is prudently
underwritten and not 90 days or more
• The portion of any restructured or modified residential mortgage exposure that is
secured by collateral or has a guarantee
that qualifies for the zero percent, 20
percent, or 50 percent risk weight.
U.S. generally accepted accounting principles related to troubled debt
restructurings for a limited period of time to account for the effects of
COVID-19.
• In columns R and S-Application of Other
Risk-Weighting Approaches, include the portion of any HFS exposure reported in Schedule HC, item 4(a) that meets the definition
FR Y-9C
Schedule HC-R
March 2021
HC-R-87
Schedule HC-R
of residential mortgage exposure or statutory multifamily mortgage and is secured by
qualifying financial collateral that meets the
definition of a securitization exposure in §.2
of the regulatory capital rules or is a mutual
fund only if the holding company chooses
to recognize the risk-mitigating effects of
the securitization exposure or mutual fund
collateral under the simple approach outlined in §.37 of the regulatory capital rules.
Under the simple approach, the risk weight
assigned to the collateralized portion of the
exposure may not be less than 20 percent.
o Include in column R the carrying value
of the portion of an HFS exposure that is
secured by the fair value of securitization
exposure or mutual fund collateral that
meets the general requirements of the
simple approach in §.37. In addition, the
holding company must apply the same
approach to securitization exposure collateral - either the Simplified Supervisory Formula Approach or the Gross-Up
Approach - that it applies to determine
the risk-weighted asset amounts of its
on- and off-balance sheet securitization
exposures that are reported in Schedule
HC-R, Part II, items 9 and 10.
o Report in column S the risk-weighted
asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of the HFS exposure
secured by such collateral. Any remaining portion of the HFS exposure that is
uncollateralized or collateralized by other
qualifying collateral would be reported
in columns C through I, as appropriate.
For further information, see the discussions
of “Treatment of Collateral and Guarantees” and “Risk-Weighted Assets for Securitization Exposures” in the General Instructions for Schedule HC-R, Part II.
4(b)
HC-R-88
High volatility commercial real estate exposures. Report in column A the carrying value
of loans held for sale (HFS) reported in
Schedule HC, item 4(a), that are high volatility commercial real estate (HVCRE) expo-
sures,35 including HVCRE exposures that are
35. HVCRE exposure means:
(1) A credit facility secured by land or improved real property that, prior
to being reclassified by the institution as a non-HVCRE exposure
pursuant to paragraph (6) of this definition—
(i) Primarily finances, has financed, or refinances the acquisition,
development, or construction of real property;
(ii) Has the purpose of providing financing to acquire, develop, or
improve such real property into income-producing real property;
and
(iii) Is dependent upon future income or sales proceeds from, or
refinancing of, such real property for the repayment of such
credit facility.
(2) An HVCRE exposure does not include a credit facility financing—
(i) The acquisition, development, or construction of properties that
are—
(A) One- to four-family residential properties. Credit facilities that do not finance the construction of one- to fourfamily residential structures, but instead solely finance
improvements such as the laying of sewers, water pipes,
and similar improvements to land, do not qualify for the
one- to four-family residential properties exclusion;
(B) Real property that would qualify as an investment in
community development; or
(C) Agricultural land;
(ii) The acquisition or refinance of existing income-producing real
property secured by a mortgage on such property, if the cash flow
being generated by the real property is sufficient to support the
debt service and expenses of the real property, in accordance
with the institution’s applicable loan underwriting criteria for
permanent financings;
(iii) Improvements to existing income-producing improved real property secured by a mortgage on such property, if the cash flow
being generated by the real property is sufficient to support the
debt service and expenses of the real property, in accordance
with the institution’s applicable loan underwriting criteria for
permanent financings; or
(iv) Commercial real property projects in which—
(A) The loan-to-value ratio is less than or equal to the applicable maximum supervisory loan-to-value ratio as determined by an institution’s primary federal regulator;
(B) The borrower has contributed capital of at least 15 percent of the real property’s appraised, ′as completed’ value
to the project in the form of—
(1) Cash;
(2) Unencumbered readily marketable assets;
(3) Paid development expenses out-of-pocket; or
(4) Contributed real property or improvements; and
(C) The borrower contributed the minimum amount of capital
described under paragraph (2)(iv)(B) of this definition
before the institution advances funds (other than the
advance of a nominal sum made in order to secure the
institution’s lien against the real property) under the credit
facility, and such minimum amount of capital contributed
by the borrower is contractually required to remain in the
project until the HVCRE exposure has been reclassified
Schedule HC-R
FR Y-9C
March 2016
Schedule HC-R
90 days or more past due or in nonaccrual
status:
• In column C-0% risk weight, include the
portion of any HVCRE exposure included
in loans and leases HFS that is secured by
collateral or has a guarantee that qualifies
for the zero percent risk weight. This would
include the portion of HVCRE exposures
collateralized by deposits at the reporting
institution.
• In column G-20% risk weight, include the
portion of any HVCRE exposure included
in loans and leases HFS that is secured by
collateral or has a guarantee that qualifies
for the 20 percent risk weight. This would
include the portion of any HVCRE exposure covered by an FDIC loss-sharing agreement.
• In column H-50% risk weight, include the
portion of any HVCRE exposure included
in loans and leases HFS that is secured by
collateral or has a guarantee that qualifies
for the 50 percent risk weight.
(3)
(4)
(5)
(6)
(7)
by the institution as a non-HVCRE exposure under paragraph (6) of this definition;
An HVCRE exposure does not include any loan made prior to
January 1, 2015;
An HVCRE exposure does not include a credit facility reclassified as
a non-HVCRE exposure under paragraph (6) of this definition.
Value of contributed real property: For the purposes of this HVCRE
exposure definition, the value of any real property contributed by a
borrower as a capital contribution is the appraised value of the
property as determined under standards prescribed pursuant to section 1110 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 3339), in connection with the
extension of the credit facility or loan to such borrower.
Reclassification as a non-HVCRE exposure: For purposes of this
HVCRE exposure definition and with respect to a credit facility and
an institution, an institution may reclassify an HVCRE exposure as a
non-HVCRE exposure upon—
(i) The substantial completion of the development or construction
of the real property being financed by the credit facility; and
(ii) Cash flow being generated by the real property being sufficient to
support the debt service and expenses of the real property, in
accordance with the institution’s applicable loan underwriting
criteria for permanent financings.
For purposes of this definition, an institution is not required to
reclassify a credit facility that was originated on or after January 1,
2015, and prior to April 1, 2020
FR Y-9C
Schedule HC-R
June 2020
• In column I-100% risk weight, include the
portion of any HVCRE exposure included
in loans and leases HFS that is secured by
collateral or has a guarantee that qualifies
for the 100 percent risk weight.
• In column J-150% risk weight, include the
carrying value of high volatility commercial real estate exposures, as defined in §.2
of the regulatory capital rules, included in
Schedule HC, item 4(a), excluding those
portions of the carrying value that are covered by qualifying collateral or eligible
guarantees as described in §.37 and §.36,
respectively, of the regulatory capital rules.
• In columns R and S-Application of Other
Risk-Weighting Approaches, include the portion of any HVCRE exposure included in
loans and leases HFS reported in Schedule
HC, item 4(a), that is secured by qualifying
financial collateral that meets the definition
of a securitization exposure in §.2 of the
regulatory capital rules or is a mutual fund
only if the holding company chooses to
recognize the risk-mitigating effects of the
securitization exposure or mutual fund collateral under the simple approach outlined
in §.37 of the regulatory capital rules. Under
the simple approach, the risk weight
assigned to the collateralized portion of the
exposure may not be less than 20 percent.
o Include in column R the carrying value
of the portion of an HFS HVCRE exposure that is secured by the fair value of
securitization exposure or mutual fund
collateral that meets the general requirements of the simple approach in §.37. In
addition, the holding company must apply
the same approach to securitization exposure collateral—either the Simplified
Supervisory Formula Approach or the
Gross-Up Approach—that it applies to
determine the risk-weighted asset
amounts of its on- and off-balance sheet
securitization exposures that are reported
in Schedule HC-R, Part II, items 9 and 10.
HC-R-89
Schedule HC-R
o Report in column S the risk-weighted
asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of the HFS exposure
that is secured by such collateral. Any
remaining portion of the HFS exposure
that is uncollateralized or collateralized
by other qualifying collateral would be
reported in columns C through J, as
appropriate.
For further information, see the discussions
of ‘‘Treatment of Collateral and Guarantees’’ and ‘‘Risk-Weighted Assets for Securitization Exposures’’ in the General Instructions for Schedule HC-R, Part II.
4(c)
Exposures past due 90 days or more or on
nonaccrual. Report in column A the carrying
value of loans and leases held for sale (HFS)
reported in Schedule HC, item 4(a), that are
90 days or more past due or in nonaccrual
status according to the requirements set forth
in §.32(k) of the regulatory capital rules. Do
not include HFS sovereign exposures or HFS
residential mortgage exposures, as described
in §.32(a) and §.32(g), respectively, that are
90 days or more past due or in nonaccrual
status (report such past due and nonaccrual
exposures in Schedule HC-R, Part II, item
4(d) and item 4(a), respectively). Also do not
include HFS high volatility commercial real
estate exposures that are 90 days or more past
due or in nonaccrual status (report such exposures in Schedule HC-R, Part II, item 4(b)).
• In column C-0% risk weight, include the
portion of loans and leases HFS included in
Schedule HC, item 4(a), that are 90 days or
more past due or in nonaccrual status (except
as noted above), that is secured by collateral
or has a guarantee that qualifies for the zero
percent risk weight. This would include
U.S. Small Business Administration Paycheck Protection Program loans, and the
portion of loans and leases HFS collateralized by deposits at the reporting institution.
• In column G-20% risk weight, include the
portion of loans and leases HFS included in
Schedule HC, item 4(a), that are 90 days or
HC-R-90
more past due or in nonaccrual status (except
as noted above), that is secured by collateral
or has a guarantee that qualifies for the 20
percent risk weight. This would include the
portion of HFS loans covered by an FDIC
loss-sharing agreement.
• In column H-50% risk weight, include the
portion of loans and leases HFS included in
Schedule HC, item 4(a), that are 90 days or
more past due or in nonaccrual status (except
as noted above), that is secured by collateral
or has a guarantee that qualifies for the 50
percent risk weight.
• In column I-100% risk weight, include the
portion of loans and leases HFS included in
Schedule HC, item 4(a), that are 90 days or
more past due or in nonaccrual status (except
as noted above), that is secured by collateral
or has a guarantee that qualifies for the 100
percent risk weight.
• In column J-150% risk weight, include the
carrying value of loans and leases HFS
included in Schedule HC, item 4(a), that are
90 days or more past due or in nonaccrual
status (except as noted above), excluding
those portions that are covered by qualifying collateral or eligible guarantees as
described in §.37 and §.36, respectively, of
the regulatory capital rules.
• In columns R and S-Application of Other
Risk-Weighting Approaches, include the portion of any loans and leases HFS included
in Schedule HC, item 4(a), that are 90 days
or more past due or in nonaccrual status
(except as noted above), that is secured by
qualifying financial collateral that meets the
definition of a securitization exposure in §.2
of the regulatory capital rules or is a mutual
fund only if the holding company chooses
to recognize the risk-mitigating effects of
the securitization exposure or mutual fund
collateral under the simple approach outlined in §.37 of the regulatory capital rules.
Under the simple approach, the risk weight
assigned to the collateralized portion of the
exposure may not be less than 20 percent.
Schedule HC-R
FR Y-9C
September 2015
Schedule HC-R
o Include in column R the carrying value
of the portion of an HFS loan or lease
that is 90 days or more past due or in
nonaccrual status that is secured by the
fair value of securitization exposure or
mutual fund collateral that meets the
general requirements of the simple
approach in §.37. In addition, the holding company must apply the same
approach to securitization exposure collateral - either the Simplified Supervisory Formula Approach or the Gross-Up
Approach - that it applies to determine
the risk-weighted asset amounts of its
on- and off-balance sheet securitization
exposures that are reported in Schedule
HC-R, Part II, items 9 and 10.
o Report in column S the risk-weighted
asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of the HFS exposure
that is secured by such collateral. Any
remaining portion of the HFS exposure
that is uncollateralized or collateralized
by other qualifying collateral would be
reported in columns C through J, as
appropriate.
For further information, see the discussions
of ‘‘Treatment of Collateral and Guarantees’’ and ‘‘Risk-Weighted Assets for Securitization Exposures’’ in the General Instructions for Schedule HC-R, Part II.
4(d)
All other exposures. Report in column A the
carrying value of loans and leases held for sale
(HFS) reported in Schedule HC, item 4(a), that
are not reported in Schedule HC-R, Part II, items
4(a) through 4(c) above:
• In column C-0% risk weight, include the carrying value of the unconditionally guaranteed
portion of HFS Small Business Administration (SBA) ‘‘Guaranteed Interest Certificates’’
purchased in the secondary market that are
included in Schedule HC-C. Also include the
portion of any loans and leases HFS that that
are not reported in Schedule HC-R, Part II,
items 4(a) through 4(c) above, that is secured
by collateral or has a guarantee that qualifies
FR Y-9C
Schedule HC-R
March 2021
for the zero percent risk weight. This would
include U.S. Small Business Administration
Paycheck Protection Program loans, and the
portion of loans and leases HFS collateralized
by deposits at the reporting institution.
• In column G-20% risk weight, include the
carrying value of HFS loans to and acceptances of other U.S. depository institutions
that are reported in Schedule HC-C, item 2,
plus the carrying value of the guaranteed
portion of HFS SBA loans originated and held
by the reporting holding company included in
Schedule HC-C, and the carrying value of the
portion of HFS student loans reinsured by the
U.S. Department of Education included in
Schedule HC-C, item 6(d), ‘‘Other consumer
loans.’’ Also include the portion of any loans
and leases HFS that that are not reported in
Schedule HC-R, Part II, items 4(a) through
4(c) above, that is secured by collateral or has
a guarantee that qualifies for the 20 percent
risk weight. This would include the portion of
loans and leases HFS covered by FDIC losssharing agreements.
• In column H-50% risk weight, include the
carrying value of HFS loans that meet the
definition of presold construction loan in §.2
of the regulatory capital rules that qualify for
the 50 percent risk weight. Also include the
portion of any loans and leases HFS that that
are not reported in Schedule HC-R, Part II,
items 4(a) through 4(c) above, that is secured
by collateral or has a guarantee that qualifies
for the 50 percent risk weight.
• In column I-100% risk weight, include the
carrying value of HFS loans and leases reported
in Schedule HC, item 4(a), that are not included
in columns C through J and R. This item
would include 1-4 family construction loans
reported in Schedule HC-C, item 1(a)(1) and
loans secured by multifamily residential properties reported in Schedule HC-C, item 1(d),
with an original amount of more than $1
million. Also include the carrying value of
HFS loans that meet the definition of presold
construction loan in §.2 of the regulatory
capital rules that qualify for the 100 percent
HC-R-91
Schedule HC-R
risk weight. Also include the portion of any
loans and leases HFS that that are not reported
in Schedule HC-R, Part II, items 4(a) through
4(c) above, that is secured by collateral or has
a guarantee that qualifies for the 100 percent
risk weight.
that is secured by such collateral. Any
remaining portion of the HFS exposure
that is uncollateralized or collateralized
by other qualifying collateral would be
reported in columns C through J, as
appropriate.
• In columns R and S-Application of Other
Risk-Weighting Approaches, include the portion of any HFS loans and leases, including
HFS eligible margin loans, reported in Schedule HC, item 4(a), that is secured by qualifying financial collateral that meets the definition of a securitization exposure in §.2 of the
regulatory capital rules or is a mutual fund
only if the holding company chooses to recognize the risk-mitigating effects of the securitization exposure or mutual fund collateral
under the Simple Approach, or the collateral
margin approach for eligible margin loans,
outlined in §.37 of the regulatory capital rules.
Under the Simple Approach, the risk weight
assigned to the collateralized portion of the
exposure may not be less than 20 percent.
For further information, see the discussions
of “Treatment of Collateral and Guarantees” and “Risk-Weighted Assets for Securitization Exposures” in the General Instructions for Schedule HC-R, Part II.
o Include in column R the carrying value
of the portion of such an HFS loan or
lease that is secured by the fair value or
adjusted fair value of securitization exposure or mutual fund collateral as determined under the Simple Approach or the
Collateral Haircut Approach, respectively, however, the holding company
must apply the same approach to all
eligible margin loans. In addition, if the
holding company applies the simple
approach, it must apply the same
approach to securitization exposure collateral - either the Simplified Supervisory Formula Approach or the Gross-Up
Approach - that it applies to determine
the risk-weighted asset amounts of its
on- and off-balance sheet securitization
exposures that are reported in Schedule
HC-R, Part II, items 9 and 10.
o Report in column S the risk-weighted
asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of the HFS exposure
HC-R-92
• All other HFS loans and leases held for sale
that must be risk weighted according to the
Country Risk Classification (CRC) methodology
o In column C-0% risk weight; column
G-20% risk weight; column H-50% risk
weight; column I-100% risk weight; column J-150% risk weight. Assign these
exposures to risk weight categories based
on the CRC methodology described
above in the General Instructions for
Part II.
o The carrying value of other loans and
leases held for sale reported in Schedule
HC, item 4(a), that are not reported in
Schedule HC-R, Part II, items 4(a)
through 4(c) above.
5
Loans and leases, held for investment.
Report in column A of the appropriate subitem the carrying value of loans and leases,
held for investment, reported in Schedule HC,
item 4(b), excluding those loans and leases,
held for investment, that qualify as securitization exposures as defined in §.2 of the regulatory capital rules.
The carrying value of those loans and leases,
held for investment, that qualify as securitization exposures must be reported in Schedule
HC-R, Part II, item 9(d), column A.
The sum of Schedule HC-R, Part II, items
5(a) through 5(d), column A, plus the carrying
value of loans and leases, held for investment,
that qualify as securitization exposures and
are reported in Schedule HC-R, Part II, item
Schedule HC-R
FR Y-9C
March 2020
Schedule HC-R
9(d), column A, must equal Schedule HC,
item 4(b).
5(a)
Residential mortgage exposures. Report in
column A the carrying value of loans, held
for investment, reported in Schedule HC,
item 4(b), that meet the definition of a residential mortgage exposure or a statutory multifamily mortgage36 in §.2 of the regulatory
capital rules. Include in column A the carrying value of:
• Loans, held for investment, secured by first
or subsequent liens on 1-4 family residential properties (excluding those that qualify
as securitization exposures) that are
reported in Schedule HC-C, items 1(c)(1),
1(c)(2)(a), and 1(c)(2)(b), and
• Loans, held for investment, secured by first
or subsequent liens on multifamily residential properties with an original and outstanding amount of $1 million or less
(excluding those that qualify as securitization exposures) that are reported in Schedule HC-C, item 1(d), as these loans would
meet the regulatory capital rules’ definition
of residential mortgage.
Exclude from this item:
• Loans, held for investment, secured by
multifamily residential properties included
in Schedule HC-C, item 1(d), that do not
meet the definition of a residential mortgage exposure or a statutory multifamily
mortgage, and
• 1-4 family residential construction loans,
held for investment, reported in Schedule
HC-C, item 1(a)(1), that are not securitization exposures, which should be reported
in Schedule HC-R, Part II, item 5(c) or
5(d), as appropriate.
In column B, a holding company that has
adopted CECL includes as a positive number the portion of Schedule HC-R, part II,
Memorandum item 5(a), “Amount of allowances for credit losses on purchased credit-
36. See the instructions for Schedule HC-R. Part II. item 4(a) above for
the definition of statutory multifamily mortgage.
FR Y-9C
Schedule HC-R
March 2020
deteriorated assets: Loans and leases held
for investment” that are applicable to residential mortgage exposures.
• In column C-0% risk weight, include the
portion of any exposure, net of unearned
income, that meets the definition of residential mortgage exposure or statutory multifamily mortgage reported in Schedule
HC-C, item 4(b), that is secured by collateral or has a guarantee that qualifies for the
zero percent risk weight. This would include
loans and leases, held for investment, collateralized by deposits at the reporting
institution.
• In column G-20% risk weight, include the
carrying value of the guaranteed portion of
FHA and VA mortgage loans, net of
unearned income, included in Schedule
HC-C, item 1(c)(2)(a). Also include the
portion of any loan, held for investment,
which meets the definition of residential
mortgage exposure or statutory multifamily mortgage reported in Schedule HC,
item 4(b), that is secured by collateral or
has a guarantee that qualifies for the 20
percent risk weight. This would include the
portion of loans, held for investment, covered by an FDIC loss-sharing agreement.
• In column H-50% risk weight, include the
carrying value of loans, held for investment, secured by 1-4 family residential
properties and by included in Schedule
HC-C, item 1(c)(1) (only include qualifying first mortgage loans), qualifying loans
from Schedule HC-C, items 1(c)(2)(a) and
1(d), or those that meet the definition of a
residential mortgage exposure and qualify
for 50 percent risk weight under §.32(g) of
the regulatory capital rules. For residential
mortgage exposures, the loans must be
prudently underwritten, be fully secured by
first liens on 1-4 family residential properties (regardless of the original and outstanding amount of the loan) or multifamily residential properties (with an original
and outstanding amount of $1 million or
less), not 90 days or more past due or in
HC-R-93
Schedule HC-R
nonaccrual status, and have not been
restructured or modified (unless modified
or restructured (1) solely pursuant to the
U.S. Treasury’s Home Affordable Mortgage Program (HAMP) or (2) consistent
with the agencies’ April 7, 2020, interagency statement,37 solely due to shortterm modifications of 1-4 family residential mortgages made on a good faith basis
in response to the Coronavirus Disease 2019 (COVID-19), provided that the
loans are prudently underwritten and not
90 days or more past due or carried in
nonaccrual status). Also include loans, held
for investment, that meet the definition of
statutory multifamily mortgage in §.2 of
the regulatory capital rules. Also include
the portion of any loan, held for investment, which meets the definition of residential mortgage exposure or reported in
Schedule HC, item 4(b), that is secured by
collateral or has a guarantee that qualifies
for the 50 percent risk weight.
Notes:
• Refer to the definition of residential
mortgage exposure in §.2 of the regulatory capital rules and refer to the requirements for risk weighting residential mortgage loans in §.32 of the regulatory
capital rules.
• A residential mortgage loan may receive
a 50 percent risk weight if it meets the
qualifying criteria in § .32(g) of the regulatory capital rules:
o A property is owner-occupied or
rented;
o The loan is prudently underwritten
including the loan amount as a per-
37. As discussed in the April 7, 2020, Interagency Statement on Loan
Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Revised), Section 4013 of the Coronavirus Aid, Relief, and Economic Security Act provides financial institutions the option to temporarily suspend certain requirements under U.S.
generally accepted accounting principles related to troubled debt restructurings for a limited period of time to account for the effects of COVID-19.
HC-R-94
centage of the appraised value of the
real estate collateral;
o The loan is not 90 days or more past
due or on nonaccrual;
o The loan is not restructured or modified (except for loans restructured
(1) solely pursuant to the U.S. Treasury’s HAMP (2) solely due to a shortterm modification made on a good
faith basis in response to COVID-19,
provided that the loan is prudently
underwritten and not 90 days or more
past due or carried in nonaccrual status).
o If the holding company holds the firstlien and junior -lien(s) on a residential
mortgage exposure, and no other party
holds an intervening lien, the holding
company must combine the exposures
and treat them as a single first-lien
residential mortgage exposure.
• A first lien home equity line (HELOC)
may qualify for 50 percent risk weight if
it meets the qualifying criteria, in § .32(g)
listed above.
• A residential mortgage loan of $1 million
or less on a property of more than 4 units
may qualify for 50 percent risk weight if
it meets the qualifying criteria in § .32(g)
listed above.
• In column I-100% risk weight, include the carrying value of loans, held for investment, related
to residential mortgage exposures reported in
Schedule HC, item 4(b), that are not included in
columns C, G, H, or R. Include loans, held for
investment, that are junior lien residential mortgage exposures if the bank does not hold the
first lien on the property, except the portion of
any junior lien residential mortgage exposure
that is secured by collateral or has a guarantee
that qualifies for the zero percent, 20 percent, or
50 percent risk weight. Also include loans, held
for investment, that are residential mortgage
exposures that have been restructured or modified, except:
Schedule HC-R
FR Y-9C
March 2021
Schedule HC-R
For further information, see the discussions of
‘‘Treatment of Collateral and Guarantees’’ and
‘‘Risk-Weighted Assets for Securitization Exposures’’ in the General Instructions for Schedule
HC-R, Part II.
o Those loans restructured or modified solely
pursuant to the U.S. Treasury’s HAMP, and
o The portion of any restructured or modified
residential mortgage exposure that is secured
by collateral or has a guarantee that qualifies
for the zero percent, 20 percent, or 50 percent
risk weight.
• In columns R and S-Application of Other RiskWeighting Approaches, include the portion of
any loan, held for investment, reported in Schedule HC, item 4(b), that meets the definition of
residential mortgage exposure or statutory multifamily mortgage, and is secured by qualifying
financial collateral that meets the definition of a
securitization exposure in §.2 of the regulatory
capital rules or is a mutual fund only if the
holding company chooses to recognize the riskmitigating effects of the securitization exposure
or mutual fund collateral under the simple
approach outlined in §.37 of the regulatory
capital rules. Under the simple approach, the
risk weight assigned to the collateralized portion
of the exposure may not be less than 20 percent.
o Include in column R the carrying value of the
portion of a loan exposure that is secured by
the fair value of securitization exposure or
mutual fund collateral that meets the general
requirements of the simple approach in §.37.
In addition, the holding company must apply
the same approach to securitization exposure
collateral—either the Simplified Supervisory
Formula Approach or the Gross-Up Approach
—that it applies to determine the riskweighted asset amounts of its on- and offbalance sheet securitization exposures that are
reported in Schedule HC-R, Part II, items 9
and 10.
o Report in column S the risk-weighted asset
amount of the securitization exposure or
mutual fund collateral that collateralizes the
portion of the loan exposure that is secured by
such collateral. Any remaining portion of the
loan exposure that is uncollateralized or collateralized by other qualifying collateral would
be reported in columns C through I, as appropriate.
FR Y-9C
Schedule HC-R
March 2019
5(b)
High volatility commercial real estate exposures. Report in Column A the portion of the
carrying value of loans, held for investment,
reported in Schedule HC, item 4(b), that are
high volatility commercial real estate exposures (HVCRE),38 including HVCRE exposures that are 90 days or more past due or in
nonaccrual status:
• In column B, a holding company that has
adopted CECL includes as a positive number the portion of Schedule HC-R, Part II,
Memorandum item 5(a), “Amount of allowances for credit losses on purchased credit
deteriorated assets: Loans and leases held
for investment” that are applicable to highvolatility commercial real estate exposures.
• In column C-0% risk weight, include the
portion of any HVCRE exposure included
in loans and leases, held for investment,
that is secured by collateral or has a guarantee that qualifies for the zero percent risk
weight. This would include the portion of
HVCRE loans, net of unearned income,
collateralized by deposits at the reporting
institution.
• In column G-20% risk weight, include the
portion of any HVCRE exposure included
in loans and leases, held for investment,
that is secured by collateral or has a guarantee that qualifies for the 20 percent risk
weight. This would include the portion of
any HVCRE exposure covered by an FDIC
loss-sharing agreement.
• In column H-50% risk weight, include the
portion of any HVCRE exposure included
in loans and leases, held for investment,
that is secured by collateral or has a guarantee that qualifies for the 50 percent risk
weight.
38. See instructions for Schedule HC-R, Part II, item 4(b), above for the
definition of HVCRE exposure.
HC-R-95
Schedule HC-R
• In column I-100% risk weight, include the
portion of any HVCRE exposure included
in loans and leases, held for investment,
that is secured by collateral or has a guarantee that qualifies for the 100 percent risk
weight.
reported in Schedule HC-R, Part II,
items 9 and 10.
o Report in column S the risk-weighted
asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of the HVCRE exposure that is secured by such collateral.
Any remaining portion of the HVCRE
exposure that is uncollateralized or collateralized by other qualifying collateral
would be reported in columns C through
I, as appropriate.
• In column J-150% risk weight, include the
carrying value of high volatility commercial real estate exposures, as defined in §.2
of the regulatory capital rules, included in
Schedule HC, item 4(b), excluding those
portions of the carrying value that are
covered by qualifying collateral or eligible
guarantees as described in §.37 and §.36,
respectively, of the regulatory capital rules.
• In columns R and S-Application of Other
Risk-Weighting Approaches, include the
portion of any HVCRE exposure included
in loans and leases, held for investment,
reported in Schedule HC, item 4(b), that is
secured by qualifying financial collateral
that meets the definition of a securitization
exposure in §.2 of the regulatory capital
rules or is a mutual fund only if the holding
company chooses to recognize the riskmitigating effects of the securitization exposure or mutual fund collateral under the
simple approach outlined in §.37 of the
regulatory capital rules. Under the simple
approach, the risk weight assigned to the
collateralized portion of the exposure may
not be less than 20 percent.
o Include in column R the carrying value
of the portion of an HVCRE exposure
that is secured by the fair value of
securitization exposure or mutual fund
collateral that meets the general requirements of the simple approach in §.37. In
addition, the holding company must
apply the same approach to securitization exposure collateral—either the Simplified Supervisory Formula Approach
or the Gross-Up Approach—that it
applies to determine the risk-weighted
asset amounts of its on- and off-balance
sheet securitization exposures that are
HC-R-96
For further information, see the discussions
of ‘‘Treatment of Collateral and Guarantees’’ and ‘‘Risk-Weighted Assets for Securitization Exposures’’ in the General Instructions for Schedule HC-R, Part II.
5(c)
Exposures past due 90 days or more or on
nonaccrual. Report in column A the carrying
value of loans and leases, held for investment,
reported in Schedule HC, item 4(b), that are
90 days or more past due or in nonaccrual
status according to the requirements set forth
in in §.32(k) of the regulatory capital rules.
Do not include sovereign exposures or residential mortgage exposures, as described in
§.32(a) and §.32(g) respectively, that are 90
days or more past due or in nonaccrual status
(report such past due and nonaccrual exposures in Schedule HC-R, Part II, items 5(d)
and 5(a), respectively). Also do not include
high volatility commercial real estate exposures that are 90 days or more past due or in
nonaccrual status (report such exposures in
Schedule HC-R, Part II, item 5(b)).
• In column B, a holding company that has
adopted CECL includes as a positive number the portion of Schedule HC-R, Part II,
Memorandum item 5(a) “Amount of allowances for credit losses on purchased creditdeteriorated assets: Loans and leases held
for investment” that are applicable to exposures past due 90 days or more or on
nonaccrual.
• In column C-0% risk weight, include the
portion of loans and leases, held for investment, included in Schedule HC, item 4(b),
Schedule HC-R
FR Y-9C
March 2019
Schedule HC-R
that are 90 days or more past due or in
nonaccrual status (except as noted above),
that is secured by collateral or has a guarantee that qualifies for the zero percent risk
weight. This would include U.S. Small
Business Administration Paycheck Protection Program loans and the portion of loans
and leases, net of unearned income, collateralized by deposits at the reporting institution.
• In column G-20% risk weight, include the
portion of loans and leases, held for investment, included in Schedule HC, item 4(b),
that are 90 days or more past due or in
nonaccrual status (except as noted above),
that is secured by collateral or has a guarantee that qualifies for the 20 percent risk
weight. This would include the portion of
loans and leases, held for investment, covered by an FDIC loss-sharing agreement.
• In column H-50% risk weight, include the
portion of loans and leases, held for investment, included in Schedule HC, item 4(b),
that are 90 days or more past due or in
nonaccrual status (except as noted above),
that is secured by collateral or has a guarantee that qualifies for the 50 percent risk
weight.
• In column I-100% risk weight, include the
portion of loans and leases, held for investment, included in Schedule HC, item 4(b),
that are 90 days or more past due or in
nonaccrual status (except as noted above),
that is secured by collateral or has a guarantee that qualifies for the 100 percent risk
weight.
• In column J-150% risk weight, include the
carrying value of loans and leases, held for
investment, included in Schedule HC, item
4(b), that are 90 days or more past due or in
nonaccrual status (except as noted above),
excluding those portions that are covered
by qualifying collateral or eligible guarantees as described in §.37 and §.36, respectively, of the regulatory capital rules.
• In columns R and S-Application of Other
Risk-Weighting Approaches, include the
FR Y-9C
Schedule HC-R
March 2021
portion of any loans and leases, held for
investment, included in Schedule HC, item
4(a), that are 90 days or more past due or in
nonaccrual status (except as noted above),
that is secured by qualifying financial collateral that meets the definition of a securitization exposure in §.2 of the regulatory
capital rules or is a mutual fund only if the
holding company chooses to recognize the
risk-mitigating effects of the securitization
exposure or mutual fund collateral under
the simple approach outlined in §.37 of the
regulatory capital rules. Under the simple
approach, the risk weight assigned to the
collateralized portion of the exposure may
not be less than 20 percent.
o Include in column R the carrying value
of the portion of a loan or lease, held for
investment, that is 90 days or more past
due or in nonaccrual status that is secured
by the fair value of securitization exposure or mutual fund collateral that meets
the general requirements of the simple
approach in §.37. In addition, the holding company must apply the same
approach to securitization exposure collateral - either the Simplified Supervisory Formula Approach or the Gross-Up
Approach - that it applies to determine
the risk-weighted asset amounts of its
on- and off-balance sheet securitization
exposures that are reported in Schedule
HC-R, Part II, items 9 and 10.
o Report in column S the risk-weighted
asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of the loan or lease
held for investment that is secured by
such collateral. Any remaining portion
of the loan or lease, exposure, that is
uncollateralized or collateralized by
other qualifying collateral would be
reported in columns C through J, as
appropriate.
For further information, see the discussions of ‘‘Treatment of Collateral and
Guarantees’’ and ‘‘Risk-Weighted Assets
HC-R-97
Schedule HC-R
5(d)
for Securitization Exposures’’ in the General Instructions for Schedule HC-R, Part II.
ment, covered by FDIC loss-sharing agreements.
All other exposures. Report in column A the
carrying value of loans and leases, held for
investment, reported in Schedule HC, item
4(b), that are not reported in items 5(a)
through 5(c) above:
• In column H-50% risk weight, include the
carrying value of loans and leases, held for
investment, that meet the definition of presold construction loan in §.2 of the regulatory capital rules that qualify for the 50
percent risk weight. Also include the portion of any loans and leases, held for
investment, not reported in Schedule HC-R,
Part II, items 5(a) through 5(c) above, that
is secured by collateral or has a guarantee
that qualifies for the 50 percent risk weight.
• In column C-0% risk weight, include the
carrying value of the unconditionally guaranteed portion of SBA ‘‘Guaranteed Interest Certificates’’ purchased in the secondary market that are included in Schedule
HC-C, net of unearned income. Also
include the portion of any loans and leases,
net of unearned income, not reported in
Schedule HC-R, Part II, items 5(a)
through 5(c) above, that is secured by
collateral or has a guarantee that qualifies
for the zero percent risk weight. This would
include U.S. Small Business Administration Paycheck Protection Program loans
and the portion of loans and leases, held for
investment, collateralized by deposits at
the reporting institution.
• In column G-20% risk weight, include the
carrying value of loans to and acceptances
of other U.S. depository institutions, held
for investment, that are reported in Schedule HC-C, item 2 (excluding the carrying
value of any long-term exposures to nonOECD banks), plus the carrying value, net
of unearned income, of the guaranteed
portion of SBA loans originated and held
by the reporting holding company included
in Schedule HC-C, and the carrying value,
net of unearned income, of the portion of
student loans reinsured by the U.S. Department of Education included in Schedule
HC-C, item 6(d), ‘‘Other consumer loans.’’
Also include the portion of any loans and
leases, held for investment, not reported in
Schedule HC-R, Part II, items 5(a) through
5(c) above, that is secured by collateral or
has a guarantee that qualifies for the 20
percent risk weight. This would include the
portion of loans and leases, held for investHC-R-98
• In column I-100% risk weight, include the
carrying value of loans and leases, held for
investment, reported in Schedule HC, item
4(b), that is not included in columns C
through H, J or R (excluding loans that are
assigned a higher than 100 percent risk
weight, such as HVCRE loans and past due
loans). This item would include 1-4 family
construction loans and leases, held for
investment, reported in Schedule HC-C,
item 1(a)(1) and the portion of loans, held
for investment, secured by multifamily
residential property reported in Schedule
HC-C, item 1(d), with an original amount
of more than $1 million. Also include the
carrying value of loans and leases, held for
investment, that meet the definition of presold construction loan in §.2 of the regulatory capital rules that qualify for the 100
percent risk weight. Also include the portion of any loans and leases, held for
investment, not reported in Schedule HC-R,
Part II, items 5(a) through 5(c) above, that
is secured by collateral or has a guarantee
that qualifies for the 100 percent risk
weight.
• In columns R and S-Application of Other
Risk-Weighting Approaches, include the
portion of any loans and leases, held for
investment, including eligible margin loans,
reported in Schedule HC, item 4(b), that is
secured by qualifying financial collateral
that meets the definition of a securitization
exposure in §.2 of the regulatory capital
Schedule HC-R
FR Y-9C
March 2021
Schedule HC-R
rules or is a mutual fund only if the holding
company chooses to recognize the riskmitigating effects of the securitization exposure or mutual fund collateral under the
simple approach, or the collateral margin
approach for eligible margin loans, outlined in §.37 of the regulatory capital rules.
Under the simple approach, the risk weight
assigned to the collateralized portion of the
exposure may not be less than 20 percent.
o Include in column R the carrying value
of the portion of such a loan or lease,
held for investment, that is secured by
the fair value or adjusted fair value of
securitization exposure or mutual fund
collateral as determined under the simple
approach or the collateral haircut
approach, respectively; however, the
holding company must apply the same
approach for all eligible margin loans.
In addition, if the holding company
applies the simple approach, it must
apply the same approach to securitization exposure collateral - either the Simplified Supervisory Formula Approach
or the Gross-Up Approach - that it
applies to determine the risk-weighted
asset amounts of its on- and off-balance
sheet securitization exposures that are
reported in Schedule HC-R, Part II,
items 9 and 10.
o Report in column S the risk-weighted
asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of the loan or lease,
held for investment, that is secured by
such collateral. Any remaining portion
of the loan or lease exposure that is
uncollateralized or collateralized by
other qualifying collateral would be
reported in columns C through J, as
appropriate.
For further information, see the discussions of ‘‘Treatment of Collateral and
Guarantees’’ and ‘‘Risk-Weighted Assets
for Securitization Exposures’’ in the General Instructions for Schedule HC-R, Part II.
FR Y-9C
Schedule HC-R
March 2019
• All other loans and leases, held for investment, that must be risk weighted according
to the Country Risk Classification (CRC)
methodology
o In column C-0% risk weight; column
G-20% risk weight; column H-50% risk
weight; column I-100% risk weight; column J-150% risk weight. Assign these
exposures to risk weight categories based
on the CRC methodology described
above in the General Instructions for
Part II.
o The carrying value of other loans and
leases, held for investment, reported in
Schedule HC, item 4(b), that are not
reported in Schedule HC-R, Part II,
items 5(a) through 5(c) above.
6
LESS: Allowance for loan and lease losses.
Report in columns A and B the balance of the
allowance for loan and lease losses or the
allowance for credit losses on loans and
leases, as applicable, reported in Schedule
HC, item 4(c).
7
Trading assets. Report in column A the fair
value of trading assets reported in Schedule
HC, item 5, excluding those trading assets
that are securitization exposures, as defined in
§.2 of the regulatory capital rules.
The fair value of those trading assets reported
in Schedule HC, item 5, that qualify as securitization exposures must be reported in Schedule HC-R, Part II, item 9.c, column A. The
sum of Schedule HC-R, Part II, items 7 and
9(c), column A, must equal Schedule HC,
item 5.
If the holding company is subject to the
market risk capital rules, include in column B
the fair value of all trading assets that are
covered positions as defined in Schedule
HC-R, Part II, item 27 (except those trading
assets that are both securitization exposures
and covered positions, which are excluded
from column A of this item 7 and are to be
reported instead in Schedule HC-R, Part II,
item 9(c), column A). The holding company
HC-R-99
Schedule HC-R
will report its standardized market riskweighted assets in Schedule HC-R, Part II,
item 27.
For holding companies not subject to the
market risk capital rule and for those trading
assets reported in column A that are held by
holding companies subject to the market risk
capital rule and do not meet the definition of a
covered position:
• In column B, if the holding company completes Schedule HC-D, include the fair
value of derivative contracts that are
reported as assets in Schedule HC-D, item
11. If the holding company does not complete Schedule HC-D, include the portion
of the amount reported in Schedule HC,
item 5, that represents the fair value of
derivative contracts that are assets. Exclude
from column B those derivative contracts
reported in these items that qualify as
securitization exposures. For purposes of
risk weighting, include the credit equivalent amounts of these derivatives, determined in accordance with the regulatory
capital rules, in the risk weight categories
in Schedule HC-R, Part II, items 20 and 21,
as appropriate. Do not risk weight these
derivatives in this item.
In column B for non-advanced approaches
holding companies, include the amount of:
o Investments in the capital of unconsolidated financial institutions that are
reported in Schedule HC, item 5, and
have been deducted from capital in
Schedule HC-R, Part I, item 13.a, 17,
24, and item 43.
In column B for advanced approaches holding companies include the amount of:
o Non-significant investments in the capital and covered debt instruments of
unconsolidated financial institutions that
are reported in Schedule HC, item 5,
and have been deducted from capital in
Schedule HC-R, Part I, item 11, item 17,
item 24, and item 43.
HC-R-100
o Investments in nonqualifying excluded
covered debt instruments that are
reported in Schedule HC, item 5, and
have been deducted from capital in
Schedule HC-R, Part I, item 17, item 24
and item 43.
o Significant investments in the capital
and covered debt instruments of unconsolidated financial institutions not in the
form of common stock that are reported
in Schedule HC, item 5, and have been
deducted from capital in Schedule HC-R,
Part I, item 17, item 24 and item 43.
o Significant investments in the capital of
unconsolidated financial institutions in
the form of common stock reported in
Schedule HC, item 5, that are subject to
the 10 percent and 15 percent common
equity tier 1 capital threshold limitations
and have been deducted for risk-based
capital purposes in Schedule HC-R,
Part I, items 13.b and 16, column B.
Also include in column B the fair value of
any unsettled transactions (failed trades)
that are reported as trading assets in Schedule HC, item 5. For purposes of risk weighting, unsettled transactions are to be reported
in Schedule HC-R, Part II, item 22.
• In column C-0% risk weight, if the holding
company completes Schedule HC-D,
include the fair value of those trading
assets reported in Schedule HC-D that do
not qualify as securitization exposures that
qualify for the zero percent risk weight.
Such trading assets may include portions
of, but may not be limited to:
o Item 1, ‘‘U.S. Treasury securities’’
o The portion of the amount reported in
item 2 that represents the fair value of
securities issued by U.S. Government
agencies, and
o The portion of the amounts reported in
item 4, (column A) that represents the
fair value of mortgage-backed securities
guaranteed by GNMA.
Schedule HC-R
FR Y-9C
June 2021
Schedule HC-R
o If the holding company does not complete Schedule HC-D, include the portion of the amount reported in Schedule
HC, item 5, that represents the fair value
of the preceding types of securities.
Exclude those trading assets reported in
Schedule HC, item 5, that qualify as
securitization exposures and report them
in Schedule HC-R, Part II, item 9(c).
o Include the fair value of assets purchased through the Money Market
Mutual Fund Liquidity Facility that are
held for trading.
o Also include the portion of the fair value
of any trading assets that is secured by
collateral or has a guarantee that qualifies for the zero percent risk weight.
This would include U.S. Small Business
Administration Paycheck Protection Program loans and the portion of trading
assets collateralized by deposits at the
reporting institution.
• In column G-20% risk weight, if the holding company completes Schedule HC-D,
include the fair value of those trading
assets reported in Schedule HC-D that do
not qualify as securitization exposures that
qualify for the 20 percent risk weight. Such
trading assets may include portions of, but
may not be limited to:
o The portion of the amount reported in
item 2 that represents the fair value of
securities issued by U.S. Governmentsponsored agencies,
o The portion of the amount reported in
item 3 that represents the fair value of
general obligations issued by states and
political subdivisions in the U.S.,
o The portion of the amount reported in
item 4 that represents the fair value of
mortgage-backed securities issued by
FNMA and FHLMC,
o The fair value of those asset-backed
securities, structured financial products,
and other debt securities reported in
item 5, ‘‘Other debt securities,’’ that
FR Y-9C
Schedule HC-R
March 2021
represent exposures to U.S. depository
institutions,
o The portion of the amount reported in
item 6(d), ‘‘Other loans,’’ that represents
loans to and acceptances of U.S. depository institutions, and
o The portion of the amount reported in
item 9, ‘‘Other trading assets,’’ that represents the fair value of certificates of
deposit.
o If the holding company does not complete Schedule HC-D, include the portion of the amount reported in Schedule
HC, item 5, that represents the fair value
of the preceding types of trading assets.
Exclude those trading assets reported in
Schedule HC, item 5, that qualify as
securitization exposures and report them
in Schedule HC-R, Part II, item 9(c).
o Also include the portion of the fair value
of any trading assets that is secured by
collateral or has a guarantee that qualifies for the 20 percent risk weight. This
would include the portion of trading
assets covered by FDIC loss-sharing
agreements.
• In column H-50% risk weight, if the holding company completes Schedule HC-D,
include the fair value of those trading
assets reported in Schedule HC-D that do
not qualify as securitization exposures
reported in HC-D that qualify for the
50 percent risk weight. Such trading assets
may include portions of, but may not be
limited to:
o The portion of the amount reported in
item 3 that represents the fair value of
revenue obligations issued by states and
political subdivisions in the U.S., and
o The fair value of those mortgage-backed
securities reported in item 4, ‘‘Mortgagebacked securities.’’
o If the holding company does not complete Schedule HC-D, include the portion of the amount reported in Schedule
HC-R-101
Schedule HC-R
HC, item 5, that represents the fair value
of the preceding types of trading assets.
Exclude those trading assets reported in
Schedule HC, item 5, that qualify as
securitization exposures and report them
in Schedule HC-R, Part II, item 9(c).
o Also include the portion of the fair value
of any trading assets that is secured by
collateral or has a guarantee that qualifies for the 50 percent risk weight.
• In column I-100% risk weight, if the holding company completes Schedule HC-D,
include the fair value of those trading
assets reported in Schedule HC-D that do
not qualify as securitization exposures that
qualify for the 100 percent risk weight.
Such trading assets may include portions
of, but may not be limited to:
o The fair value of those mortgage-backed
securities reported in item 4, ‘‘Mortgagebacked securities,’’ and
o Item 5, “Other debt securities,” that
represent exposures to corporate entities
and special purpose vehicles (SPVs).
o If the holding company does not complete Schedule HC-D, include the portion of the amount reported in Schedule
HC, item 5, that represents the fair value
of the preceding types of trading assets.
Exclude those trading assets reported in
Schedule HC, item 5, that qualify as
securitization exposures and report them
in Schedule HC-R, Part II, item 9(c).
o Also include the portion of the fair value
of any trading assets that is secured by
collateral or has a guarantee that qualifies for the 100 percent risk weight.
o Also include the fair value of trading
assets reported in Schedule HC, item 5,
that is not included in columns C through
N and R. Exclude those trading assets
reported in Schedule HC, item 5, that
qualify as securitization exposures and
report them in Schedule HC-R, Part II,
item 9(c).
HC-R-102
o For non-advanced approaches holding
companies, also include the fair value of
publicly traded and not publicly traded
equity exposures and equity exposures
to investment funds (including mutual
funds) reported in Schedule HC, item 5,
to the extent that the aggregate carrying
value of the holding company’s equity
exposures does not exceed 10 percent of
total capital. If the holding company’s
aggregate carrying value of equity exposures is greater than 10 percent of total
capital, the holding company must report
its trading equity exposures in columns L, M, or N, as appropriate.
o For advanced approaches holding companies, also include the fair value of
non-significant
equity
exposures
reported in Schedule HC, item 5, to the
extent that the aggregate carrying value
of the exposures does not exceed 10 percent of total capital. To utilize this risk
weight, the holding company must
aggregate the following equity exposures: unconsolidated small business
investment companies or held through
consolidated small business investment
companies; publicly traded (including
those held indirectly through mutual
funds or other investment funds); and
non-publicly traded (including those held
indirectly through mutual funds or other
investment funds).
• In column J-150% risk weight, include:
o The exposure amounts of trading assets
reported in Schedule HC, item 5, that
are past due 90 days or more or in
nonaccrual status (except sovereign
exposures), excluding those portions that
are covered by qualifying collateral or
eligible guarantees as described in §.37
and §.36, respectively, of the regulatory
capital rules.
o The fair value of high volatility commercial real estate exposures, as defined in
§.2 of the regulatory capital rules,
Schedule HC-R
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June 2020
Schedule HC-R
included in Schedule HC, item 5, excluding those portions that are covered by
qualifying collateral or eligible guarantees as described in §.37 and §.36,
respectively, of the regulatory capital
rules.
• In column K-250% risk weight, for
advanced approaches holding companies
only, if the holding company completes
Schedule HC-D, include the fair value of
those trading assets reported in Schedule
HC-D, item 9, that do not qualify as securitization exposures that represents exposures that are significant investments in the
common stock of unconsolidated financial
institutions that are not deducted from capital. For further information on the treatment of equity exposures, refer to §.51
to .53 of the regulatory capital rules. If the
holding company does not complete Schedule HC-D, include the portion of the amount
reported in Schedule HC, item 5, that represents the fair value of the preceding types
of trading assets.
• In column L-300% risk weight, if the holding company completes Schedule HC-D,
include the fair value of those trading
assets reported in Schedule HC-D, item 9,
that do not qualify as securitization exposures that represents publicly traded equity
securities with readily determinable fair
values (NOTE: Certain investments in
mutual funds reported in Schedule HC-D,
item 9, may be risk-weighted using the
simple risk-weight and look-through
approaches as described in §.51 to .53 of
the regulatory capital rules). If the holding
company does not complete Schedule
HC-D, include the portion of the amount
reported in Schedule HC, item 5, that represents the fair value of the preceding types
of trading assets.
• In column M-400% risk weight, if the
holding company completes Schedule
HC-D, include the fair value of those trading assets reported in Schedule HC-D, item
9, that do not qualify as securitization
FR Y-9C
Schedule HC-R
June 2020
exposures that represent equity securities
(other than those issued by investment
firms) that do not have readily determinable fair values. If the holding company
does not complete Schedule HC-D, include
the portion of the amount reported in
Schedule HC, item 5, that represents the
fair value of the preceding type of trading
assets.
• In column N-600% risk weight, if the holding company completes Schedule HC-D,
include the fair value of those trading
assets reported in Schedule HC-D, item 9,
that do not qualify as securitization exposures that represent equity exposures to
investment firms. If the holding company
does not complete Schedule HC-D, include
the portion of the amount reported in
Schedule HC, item 5, that represents the
fair value of the preceding type of trading
assets.
• In columns R and S-Application of Other
Risk-Weighting Approaches, include the
portion of any trading assets reported in
Schedule HC, item 5, that is secured by
qualifying financial collateral that meets
the definition of a securitization exposure
in §.2 of the regulatory capital rules or is a
mutual fund only if the holding company
chooses to recognize the risk-mitigating
effects of the securitization exposure or
mutual fund collateral under the simple
approach outlined in §.37 of the regulatory
capital rules. Under the simple approach,
the risk weight assigned to the collateralized portion of the exposure may not be
less than 20 percent.
o Include in column R the fair value of the
portion of a trading asset that is secured
by the fair value of securitization exposure or mutual fund collateral that meets
the general requirements of the simple
approach in §.37. In addition the holding company must apply the same
approach to securitization exposure collateral - either the Simplified Supervisory Formula Approach or the Gross-up
HC-R-103
Schedule HC-R
weight; column I-100% risk weight; column J-150% risk weight. Assign these
exposures to risk weight categories based
on the CRC methodology described
above in the General Instructions for
Part II. Include the portions of those
exposures reported in Schedule HC-D
that are directly and unconditionally
guaranteed by foreign central governments or are exposures on foreign banks
that do not qualify as securitization
exposures. Such exposures may include
portions of, but may not be limited to:
Approach - that it applies to determine
the risk-weighted asset amounts of its
on- and off-balance sheet securitization
exposures that are reported in Schedule
HC-R, Part II, items 9 and 10.
o Report in column S the risk-weighted
asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of the trading asset
secured by such collateral. Any remaining portion of the trading asset that is
uncollateralized or collateralized by
other qualifying collateral would be
reported in columns C through J.
o The fair value of those mortgage-backed
securities reported in Schedule HC-D,
item 4, ‘‘Mortgage-backed securities,’’
and
For further information, see the discussions of ‘‘Treatment of Collateral and
Guarantees’’ and ‘‘Risk-Weighted Assets
for Securitization Exposures’’ in the General Instructions for Schedule HC-R, Part II.
• In columns R and S-Application of Other
Risk-Weighting Approaches, also include
the holding company’s equity exposures to
investment funds (including mutual funds)
reported as trading assets in Schedule HC,
item 5, if the aggregate carrying value of
the holding company’s equity exposures is
greater than 10 percent of total capital.
Report in column R the exposure amount
of these equity exposures to investment
funds. Report in column S the riskweighted asset amount of these equity
exposures to investment funds as measured
under the full look-through approach, the
simple modified look-through approach, or
the alternative modified look-through
approach as described in §.53 of the regulatory capital rules. All three of these
approaches require a minimum risk weight
of 20 percent. For further information,
refer to the discussion of ‘‘Treatment of
Equity Exposures’’ in the General Instructions for Schedule HC-R, Part II.
• Trading assets that must be risk-weighted
according to the Country Risk Classification (CRC) methodology
o In column C-0% risk weight; column
G-20% risk weight; column H-50% risk
HC-R-104
o Other debt securities reported in Schedule HC-D item 5, ‘‘Other debt securities,’’ issued by foreign banks and foreign sovereign units.
o If the holding company does not complete Schedule HC-D, include the portion of the amount reported in Schedule
HC, item 5, that represents the fair value
of the preceding types of trading assets.
Exclude those trading assets reported in
Schedule HC, item 5, that qualify as
securitization exposures and report them
in Schedule HC-R, Part II, item 9(c).
8
All other assets. Report in column A the sum
of the amounts reported in Schedule HC, item
6, ‘‘Premises and fixed assets’’; item 7, ‘‘Other
real estate owned’’; item 8, ‘‘Investments in
unconsolidated subsidiaries and associated
companies’’; item 9, ‘‘Direct and indirect
investments in real estate ventures’’; item 10,
‘‘Intangible assets;’’ and item 11, ‘‘Other
assets,’’ excluding those assets reported in
Schedule HC, items 6 through 11, that qualify
as securitization exposures as defined in §.2
of the regulatory capital rules. The amount of
those assets reported in Schedule HC, items 6
through 11, that qualify as securitization
exposures must be reported in Schedule HC-R,
Part II, item 9(d), column A.
Schedule HC-R
FR Y-9C
September 2015
Schedule HC-R
The sum of Schedule HC-R, Part II, item 8,
columns B through R (including items 8(a)
and 8(b), column R), must equal Schedule
HC-R, Part II, item 8, column A. Amounts
reported in Schedule HC-R, Part II items 8(a)
and 8(b), column R, should not also be
reported in Schedule HC-R Part II, item 8
column R.
a positive amount in column I. As another
example, the portion of a benefit plan surplus
asset that is included in Schedule HC,
item 26(b), as an increase to AOCI and in
column A of this item should be excluded
from risk-weighted assets by reporting the
amount as a positive number in column B of
this item.
Treatment of Defined Benefit Postretirement
Plan Assets - Applicable Only to Holding
Companies That Have Made the Accumulated
Other Comprehensive Income (AOCI) OptOut Election in Schedule HC-R, Part I,
item 3(a)
• For all holding companies: In column B,
include the amount of:
If the reporting holding company sponsors a
single-employer defined benefit postretirement plan, such as a pension plan or health
care plan, accounted for in accordance with
ASC Subtopic 715-20, CompensationRetirement Benefits - Defined Benefit PlansGeneral (formerly FASB Statement No. 158,
‘‘Employers’ Accounting for Defined Benefit
Pension and Other Postretirement Plans’’), the
holding company should adjust the asset
amount reported in column A of this item for
any amounts included in Schedule HC, item
26(b), ‘‘Accumulated other comprehensive
income’’, affecting assets as a result of the
initial and subsequent application of the funded
status and measurement date provisions of
ASC Subtopic 715-20. The adjustment also
should take into account subsequent amortization of these amounts from AOCI into earnings. The intent of the adjustment reported in
this item (together with the amount reported
in Schedule HC-R, Part I, item 9(d)) is to
reverse the effects on AOCI of applying ASC
Subtopic 715-20 for regulatory capital purposes. Specifically, assets recognized or derecognized as an adjustment to AOCI as part of
the incremental effect of applying ASC Subtopic 715-20 should be reported as an adjustment to assets in column B of this item. For
example, the derecognition of an asset
recorded as an offset to AOCI as part of the
initial incremental effect of applying ASC
Subtopic 715-20 should be reported in this
item as a negative amount in column B and as
FR Y-9C
Schedule HC-R
March 2020
o Any goodwill reported in Schedule
HC-M, item 12.b, without regard to any
associatedDTLs;
o Intangible assets (other than goodwill
and mortgage servicing assets (MSAs))
reported as a deduction from common
equity tier 1 capital in Schedule HC-R,
Part I,item 7, without regard to any
associated DTLs;
o Deferred tax assets (DTAs) that arise
from net operating loss and tax creditcarryforwards, net of any related valuation allowances and net of DTLs reported
inSchedule HC-R, Part I, item 8;
o The fair value of over-the-counter
derivative contracts (as defined in §.2 of
theregulatory capital rules) and derivative contracts that are cleared transactions (asdescribed in §.2 of the regulatory capital rules) that are reported as
assets inSchedule HC, item 11 (banks
should risk weight the credit equivalent
amount ofthese derivative contracts in
Schedule HC-R, Part II, item 20 or 21,
as appropriate);
• Note: The fair value of derivative
contracts reported as assets in Schedule HC, item 11, that are neither overthe-counter derivative contracts nor
derivative contracts that are cleared
transactions under §.2 of the regulatory capital rules should not be
reported in column B. Such derivative
contracts include written option contracts, including so-called “derivative
loan commitments,” i.e., a lender’s
HC-R-105
Schedule HC-R
commitment to originate a mortgage
loan that will be held for resale. The
fair value of such derivative contracts
should be reported in the appropriate
risk-weight category in this item 8;
and
o Investments in nonqualifying excluded
covered debt instruments that are
reported in Schedule HC, item 8 or
item 11, and have been deducted from
capital in Schedule HC-R, Part I, item 17,
item 24, and item 45;
• Unsettled transactions (failed trades)
that are reported as “Other assets” in
Schedule HC, item 11. For purposes
of risk weighting, unsettled transactions are to be reported in Schedule
HC-R, Part II, item 22.
o Significant investments in the capital
and covered debt instruments of unconsolidated financial institutions not in the
form of common stock that are reported
in Schedule HC, item 8 or item 11, and
have been deducted from capital in
Schedule HC-R, Part I, item 17, item 24,
and item 43; and
• For non-advanced approaches holding
companies: In column B, include the
amount of:
o Investments in the capital of unconsolidated financial institutions that are
reported in Schedule HC, item 8 or
item 11, and have been deducted from
capital in Schedule HC-R, Part I,
item 13.a, item 24, and item 43; and
o Items subject to the 25 percent common
equity tier 1 capital threshold limitationsthat have been deducted for risk-based
capital purposes in Schedule HC-R,
Part I, items 13 through 15. These
excess amounts pertain to three items:
• Investments in the capital of unconsolidated financial institutions;
• MSAs; and
• DTAs arising from temporary differences that could not be realized
through netoperating loss carrybacks,
net of related valuation allowances.
• For advanced approaches holding companies: In column B, also include the amount
of:
o Non-significant investments in the capital and covered debt instruments of
unconsolidated financial institutions that
are reported in Schedule HC, item 8 or
item 11, and have been deducted from
capital in Schedule HC-R, Part I, item 11,
item 17, item 24, and item 43;
HC-R-106
o Items subject to the 10 percent and
15 percent common equity tier 1 capital
threshold limitations that have been
deducted for risk-based capital purposes
in Schedule HC-R, Part I, items 13
through 16. These excess amounts pertain to three items:
• Significant investments in the capital
of unconsolidated financial institutions in the form of common stock;
• MSAs; and
• DTAs arising from temporary differences that could not be realized
through net operating loss carrybacks, net of related valuation allowances.
A holding company that has adopted
CECL includes the relevant portion
(reflected as a negative number) related
to all other assets of Schedule HI-B, Part
II, Memorandum item 6, “Allowance for
credit losses on other financial assets
measured at amortized cost,” less Schedule HC-R, part II, Memorandum
item 5(c), “Amount of allowances for
credit losses on purchased credit deteriorated assets: Other financial assets measured at amortized cost.” For example, if
a firm reports $100 in Schedule HI-B,
Part II, Memorandum item 6, and $10 in
Schedule HC-R, part II, Memorandum
Schedule HC-R
FR Y-9C
June 2021
Schedule HC-R
item 5(c), the firm would report ($90) in
this column B.
A holding company that has adopted
CECL and has elected to apply the 3-year
CECL transition provision (3-year CECL
electing holding company) should report
as a positive number in column the
amount by which it has decreased its
DTAs arising from temporary differences
for its applicable DTA transitional amount
from temporary difference DTAs, in
accordance with section 301 of the regulatory capital rules. Specifically, a 3-year
CECL electing institution reduces its
temporary difference DTAs by 75 percent of its DTA transitional amount during the first year of the transition period,
50 percent of its DTA transitional amount
during the second year of the transition
period, and 25 percent of its DTA transitional amount during the third year of the
transition period.
A holding company that has adopted
CECL and has elected to apply the 5-year
2020 CECL transition provision (5-year
CECL electing holding company) should
report as a positive number in column B
the amount by which it has decreased its
DTAs arising from temporary differences
for its applicable DTA transitional amount
in accordance with section 301 of the
regulatory capital rules. Specifically, a
5-year CECL electing holding company
reduces its temporary difference DTAs
by 100 percent of its DTA transitional
amount during the first and second years
of the transition period, 75 percent of its
DTA transitional amount during the third
year of the transition period, 50 percent
of its DTA transitional amount during the
fourth year of the transition period, and
25 percent of its DTA transitional amount
during the fifth year of the transition
period.
Report as a negative number in column B
the amount of default fund contributions in
the form of commitments made by a clearFR Y-9C
Schedule HC-R
March 2021
ing member to a central counterparty’s
mutualized loss sharing arrangement.
• In column C-0% risk weight, include:
o The carrying value of Federal Reserve
Bank stock included in Schedule HC-F,
item 4;
o Accrued interest receivable on assets
included in the zero percent risk weight
category (column C of Schedule HC-R,
Part II, items 1 through 7);
o The carrying value of gold bullion not
held for trading that is held in the holding company’s own vault or in another
holding company’s or bank’s vault on
an allocated basis, and exposures that
arise from the settlement of cash transactions (such as equities, fixed income,
spot foreign exchange, and spot commodities) with a central counterparty
where there is no assumption of ongoing
credit risk by the central counterparty
after settlement of the trade and associated default fund contributions; and
o The portion of assets reported in Schedule HC, items 6 through 11, that is
secured by collateral or has a guarantee
that qualifies for the zero percent risk
weight. This would include the portion
of these assets collateralized by deposits
in the reporting institution.
• In column G-20% risk weight, include:
o The carrying value of Federal Home
Loan Bank stock included in Schedule
HC-F, item 4;
o Accrued interest receivable on assets
included in the 20 percent risk weight
category (column G of Schedule HC-R,
Part II, items 1 through 7);
o The carrying value of assets purchased
through the Money Market Mutual Fund
Liquidity Facility that are reported in
Schedule HC, item 11;
o The portion of customers’ acceptance
liability reported in Schedule HC, item
HC-R-107
Schedule HC-R
11, that has been participated to other
depository institutions; and
o The portion of assets reported in Schedule HC, items 6 through 11, that is
secured by collateral or has a guarantee
that qualifies for the 20 percent risk
weight. This would include the portion
of these assets covered by FDIC losssharing agreements.
• In column H-50% risk weight, include
accrued interest receivable on assets
included in the 50 percent risk weight
category (column H of Schedule HC-R,
Part II, items 1 through 7). Also include the
portion of assets reported in Schedule HC,
items 6 through 11, that is secured by
collateral or has a guarantee that qualifies
for the 50 percent risk weight.
• In column I-100% risk weight, include:
o Accrued interest receivable on assets
included in the 100 percent risk weight
category (column I of Schedule HC-R,
Part II, items 1 through 7);
o The amount of all other assets reported
in column A that is not included in
columns B through N or R.
o Publicly traded and not publicly equity
exposures, equity exposures without
readily determinable fair values, and
equity exposures to investment funds, to
the extent that the aggregate carrying
value of the holding company’s equity
exposures does not exceed 10 percent of
total capital. If the holding company’s
aggregate carrying value of equity exposures is greater than 10 percent of total
capital, the holding company must report
its equity exposures reported in Schedule HC, items 6 through 11 in either
columns L, M, or N, as appropriate; and
o The portion of assets reported in Schedule HC, items 6 through 11, that is
secured by collateral or has a guarantee
that qualifies for the 100 percent risk
weight.
HC-R-108
• In column J-150% risk weight, include
accrued interest receivable on assets
included in the 150 percent risk weight
category (column J of Schedule HC-R, Part
II, items 1 through 7). Also include the
portion of assets reported in Schedule HC,
items 6 through 11, that is secured by
collateral or has a guarantee that qualifies
for the 150 percent risk weight.
• In column K-250% risk weight, include the
amounts of items that do not exceed the
applicable common equity tier 1 capital
deduction thresholds and are in-cluded in
capital, as described in §.22 of the regulatory capital rules. These amounts pertain to
three items:
o Significant investments in the capital of
unconsolidated financial institutions in
the form of common stock (advanced
approaches holding companies only);
o MSAs (all holding companies); and
o DTAs arising from temporary differences that could not be realized through
net operating loss carrybacks, net of
related valuation allowances (all holding
companies).
• In column L-300% risk weight, include the
fair value of publicly traded equity securities with readily determinable fair values
that are reported in Schedule HC, items 8
and 9.
• In column M-400% risk weight, include
the historical cost of equity securities (other
than those issued by investment firms) that
do not have readily determinable fair values that are reported in Schedule HC-F,
item 4.
• In column N-600% risk weight, include the
historical cost of equity securities issued by
investment firms that do not have readily
determinable fair values that are reported
in Schedule HC-F, item 4.
• In columns R and S of item 8-Application
of Other Risk-Weighting Approaches,
include the portion of any asset reported in
Schedule HC-R
FR Y-9C
June 2020
Schedule HC-R
Schedule HC, items 6 through 11, (except
separate account bank-owned life insurance and default fund contributions to central counterparties, which are to be reported
in columns R and S of item 8(a) and 8(b)
respectively), that is secured by qualifying
financial collateral that meets the definition
of a securitization exposure in §.2 of the
regulatory capital rules or is a mutual fund
only if the holding company chooses to
recognize the risk-mitigating effects of the
securitization exposure or mutual fund collateral under the simple approach outlined
in §.37 of the regulatory capital rules.
Under the simple approach, the risk weight
assigned to the collateralized portion of the
exposure may not be less than 20 percent.
o Include in column R the carrying value
of the portion of an asset that is secured
by the fair value of securitization exposure or mutual fund collateral that meets
the general requirements of the simple
approach in §.37.
o In addition, the holding company must
apply the same approach to securitization exposure collateral - either the Simplified Supervisory Formula Approach
or the Gross-up Approach - that it applies
to determine the risk-weighted asset
amounts of its on- and off-balance sheet
securitization exposures that are reported
in Schedule HC-R, Part II, items 9 and
10.
o Report in column S the risk-weighted
asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of the asset secured
by such collateral. Any remaining portion of the asset that is uncollateralized
or collateralized by other qualifying collateral would be reported in columns C
through J.
For further information, see the discussions
of “Treatment of Collateral and Guarantees” and “Risk-Weighted Assets for Securitization Exposures” in the General Instructions for Schedule HC-R, Part II.
FR Y-9C
Schedule HC-R
March 2020
• In columns R and S of item 8-Application
of Other Risk-Weighting Approaches, also
include the holding company’s equity exposures to investment funds (including mutual
funds) reported in Schedule HC, item 8 or
11 (except separate account bank-owned
life insurance and default fund contributions to central counterparties, which are to
be reported in columns R and S of item
8(a) and 8(b) respectively), if the aggregate
carrying value of the holding company’s
equity exposures is greater than 10 percent
of total capital. Report in column R the
exposure amount of these equity exposures
to investment funds. Report in column S
the risk-weighted asset amount of these
equity exposures to investment funds as
measured under the full look-through
approach, the simple modified lookthrough approach, or the alternative modified look-through approach as described in
§.53 of the regulatory capital rules. All
three of these approaches require a minimum risk weight of 20 percent. For further
information, refer to the discussion of
‘‘Treatment of Equity Exposures’’ in the
General Instructions for Schedule HC-R,
Part II.
• In columns R and S of item 8.a-Separate
Account Bank-Owned Life Insurance,
include the holding company’s investments
in separate account life insurance products,
including hybrid separate account life insurance products. Exclude from columns R
and S any investment in bank-owned life
insurance that is solely a general account
insurance product (report such general
account insurance products in column I-100
percent risk weight). Report in column R
the carrying value of the holding company’s investments in separate account life
insurance products, including hybrid separate account products. Report in column S
the risk-weighted asset amount of these
insurance products. When a holding company has a separate account policy, the
portion of the carrying value that represents general account claims on the insurer,
HC-R-109
Schedule HC-R
including items such as deferred acquisition costs (DAC) and mortality reserves
realizable as of the balance sheet date and
any portion of the carrying value attributable to a Stable Value Protection (SVP)
contract, these amounts should be risk
weighted at the 100 percent risk weight as
claims on the insurer or the SVP provider.
The remaining portion of the investment in
separate account life insurance products is
an equity exposure to an investment fund
that should be measured under the full
look-through approach, the simple modified look-through approach, or the alternative modified look-through approach, all
three of which require a minimum risk
weight of 20 percent. For further information, refer to the discussion of ‘‘Treatment
of Equity Exposures’’ in the General
Instructions for Schedule HC-R, Part II.
• In columns R and S of item 8.b-Default
Fund Contributions to Central Counterparties
Note: Item 8(b) only applies to holding
companies that are clearing members, and
therefore will not be applicable to the vast
majority of holding companies. Holding
companies must report the aggregate
on-balance sheet amount of default fund
contributions to central counterparties
(CCPs) in column A. Holding companies
must report the aggregate off-balance sheet
amount, if any, of default fund contributions to central counterparties as a negative
amount in column B of item 8. Holding
companies must report the aggregate onand off-balance sheet amount of such contributions in column R. See §.35(d) of the
regulatory capital rules for more details.
Clearing Member holding companies must
report in column S the total amount of
risk-weighted assets (RWAs) for a clearing
member holding company’s default fund
contributions to central counterparties. This
will be the sum of:
o Component A: the sum of risk-weighted
assets for a clearing member holding
HC-R-110
company’s default fund contributions to
all non-qualifying CCPs; and,
o Component B: the sum of risk-weighted
assets for a clearing member holding
company’s default fund contributions to
all qualifying central counterparties
(QCCPs).
Report the sum of Components A and B in
Schedule HC-R, Part II, item 8(b), column S.
Component A: risk-weighted asset amount
for default fund contributions to nonqualifying CCPs
As required by §.35(d)(2) of the regulatory
capital rules, a clearing member holding
company’s risk-weighted asset amount for
default fund contributions to CCPs that are
not QCCPs equals the sum of such default
fund contributions multiplied by 1,250 percent, or an amount determined by the holding company’s federal supervisor based on
factors such as size, structure and membership characteristics of the CCP and riskiness of its transactions, in cases where such
default fund contributions may be unlimited. Therefore, unless otherwise advised
by its supervisor or through agency-issued
guidance, a holding company will sum
each of its non-QCCP default fund contributions, and multiply the total by 1,250
percent, and add any additional riskweighted asset amount determined by the
agency, if any. This will be Component A
above.
Component B: risk-weighted asset amount
for default fund contributions to QCCPs
A clearing member holding company’s
risk-weighted asset amount for default fund
contributions to QCCPs equals the sum of
its capital requirement, KCM for each
QCCP, as calculated under the methodology set forth §.35(d)(3) or §.133(d) of the
regulatory capital rules.
When a holding company uses CEM to
determine the risk-weighted asset of its
default fund contributions, the regulatory
Schedule HC-R
FR Y-9C
March 2016
Schedule HC-R
capital rule provides two methods to determine the capital requirement for a clearing
member holding company’s default fund
contributions to a QCCP. A clearing member holding company may use either
method. A clearing member holding company’s risk-weighted asset amount for
default fund contributions to a QCCP equals
the sum of its capital requirement, KCM,
for each QCCP as calculated under
Method 1 multiplied by 1,250 percent, or
under Method 2.
Method 1: The holding company calculates
the capital charge for a clearing member in
a 3-step process, depending on the funded
status of the QCCP. The process is summarized briefly below:
• Step 1: The holding company must calculate the hypothetical capital requirement
of all the trades conducted through the
QCCP as if the QCCP were a bank. This
depends on the type of trade and netting
sets with each counterparty. Alternately,
the QCCP may provide this number to
the clearing member.
• Step 2: The holding company compares
the hypothetical capital requirement (calculated in Step 1) to the funded default
fund of the QCCP to include the internally funded resources of the QCCP. This
step determines the aggregate capital
requirement for all clearing members
assuming a default of two average clearing members.
• Step 3: The aggregate capital requirement of all clearing members (assuming
the default of two members) is then
allocated back to the individual clearing
member firm and converted to a riskweighted asset amount.
Using the 3-step process and formulas provided in the regulatory capital rules, the
holding company will determine a dollar
capital requirement for its default fund
contribution for each QCCP (KCMi). The
holding company must then multiply each
KCMi by 1,250 percent to calculate the
FR Y-9C
Schedule HC-R
March 2020
risk-weighted asset amount. The holding
company must sum the RWAs calculated
for each QCCP default fund contribution to
produce a total RWA amount for all QCCP
default fund contributions for which the
holding company uses this method. For
example, the total RWA amount for a holding company with default fund contributions to two QCCPs will be the sum of
KCMi for QCCP A and KCMi for QCCP
B. This sum will be included in Component
B above for all QCCPs for which the
holding company uses method 1.
Method 2: Under Method 2, the risk
weighted assets for a clearing member’s
default fund contribution is the minimum
of:
• 1,250 percent times the holding company’s funded contributions to the QCCP
default fund, or,
• 18 percent times the total trade exposures
of the member to the QCCP.
A holding company will make this calculation for each QCCP for which it uses
Method 2. The sum of RWAs for all QCCP
contributions for which the holding company uses Method 2 will be included in
Component B above.
When a holding company SA-CCR to
determine the risk-weighted asset amount
of its default fund contributions, the regulatory capital rules provide that a clearing
member holding company first calculates
the hypothetical capital requirement of the
QCCP (KCCP), unless the QCCP has
already disclosed it, in which case the
holding company must rely on that disclosed figure. In either case, a holding
company may choose to use a higher amount
of KCCP than the minimum calculated
under the formula or disclosed by the
QCCP if the holding company has concerns about the nature, structure, or characteristics of the QCCP.
For purposes of calculating KCCP, the PFE
multiplier includes collateral held by a
HC-R-111
Schedule HC-R
QCCP in which the QCCP has a legal claim
in the event of the default of the member or
client, including default fund contributions
of that member. In addition, the QCCP
must use a margin period of risk of 10 days
in the maturity factor. The component EADi
includes both the clearing member holding
company’s own transactions, the client
transactions guaranteed by the clearing
member, and all values of collateral held by
the QCCP (including the clearing member
holding company’s pre-funded default fund
contributions) against these transactions.
Notwithstanding §.133(d)(5) and (6)(ii) of
the regulatory capital rules, with the prior
approval of the regulator, a holding company may rely on a hypothetical capital
requirement of a QCCP based on a methodology other than SA-CCR for calculating
the exposure amount of a clearing member
of a QCCP to the QCCP.
A holding company that elects to use
SA-CCR is allowed to continue to use
method 1 or method 2 in under CEM to
calculate the risk-weighted asset amount
for default fund contributions until January 1, 2022.
• The portion of Schedule HC, items 6
through 11, that must be risk-weighted
according to the Country Risk Classification (CRC) methodology:
o In column C-0% risk weight; column
G-20% risk weight; column H-50% risk
weight; column I-100% risk weight; column J-150% risk weight. Assign these
exposures to risk weight categories based
on the CRC methodology described
above in the General Instructions for
Part II. Include the portions of those
exposures described above in the instructions for Schedule HC-R, Part II, item 8
that are exposures on sovereigns or foreign banks that do not qualify as securitization exposures.
9
HC-R-112
On-balance sheet securitization exposures.
When determining the amount of riskweighted assets for securitization exposures,
holding companies that are not subject to the
market risk capital rule may elect to use either
the Simplified Supervisory Formula Approach
(SSFA) or the Gross-Up Approach, as
described above and in §.41 to 45 of the
regulatory capital rules. However, such holding companies must use the SSFA or Gross-Up
Approach consistently across all securitization exposures (Schedule HC-R, Part II, items
9(a) through 10). Holding companies may
risk weight any individual securitization exposure at 1,250 percent in lieu of applying the
SSFA or Gross-Up Approach to that individual exposure.
Holding companies subject to the market risk
capital rule must use the SSFA when determining the amount of risk-weighted assets for
securitization exposures.
For further information, refer to the discussion of ‘‘Risk-Weighted Assets for Securitization Exposures’’ in the General Instructions
for Schedule HC-R, Part II.
9(a)
Held-to-maturity securities. Report in column A the amount of held-to-maturity (HTM)
securities reported in Schedule HC, item 2(a),
that qualify as securitization exposures as
defined in §.2 of the regulatory capital rules.
Refer to the instructions for Schedule HC-R,
Part II, item 2(a), for a summary of the
reporting locations of HTM securitization
exposures.
Exposure amount to be used for purposes of
risk weighting - holding company cannot or
has not made the Accumulated Other Comprehensive Income (AOCI) opt-out election in
Schedule HC-R, Part I, item 3(a):
For a security classified as held-to-maturity
where the holding company cannot or has not
made the AOCI opt-out election (i.e., most
AOCI is included in regulatory capital), the
exposure amount to be risk weighted by the
holding company is the carrying value of the
security, which is the value of the asset
reported on the balance sheet of the holding
company determined in accordance with
GAAP and in column A.
Schedule HC-R
FR Y-9C
March 2020
Schedule HC-R
Exposure amount to be used for purposes of
risk weighting - holding company has made
the AOCI opt-out election in Schedule HC-R,
Part I, item 3(a):
For a security classified as held-to-maturity
where the holding company has made the
AOCI opt-out election (i.e., most AOCI is not
included in regulatory capital), the exposure
amount to be risk weighted by the holding
company is the carrying value of the security
reported on the balance sheet of the holding
company and in column A, less any net
unrealized gains on the exposure, plus any net
realized loss on the exposure included in
AOCI.
• In column Q, report the exposure amount
of those HTM securitization exposures that
are assigned a 1,250 percent risk weight
(i.e., those HTM securitization exposures
for which the risk-weighted asset amount is
not calculated using the SSFA or the
Gross-Up Approach).
• In column B
• In column U, report the risk-weighted asset
amount (not the exposure amount) of HTM
securitization exposures for which the riskweighted asset amount is calculated using
the Gross-Up Approach, as described above
in the General Instructions for Schedule
HC-R, Part II, and in §.41 to §.45 of the
regulatory capital rules.
o If an HTM securitization exposure will
be risk-weighted by using the 1,250
percent risk weight approach, report any
difference between the carrying value of
the HTM securitization exposure
reported in column A of this item and
the exposure amount of the HTM securitization exposure that is to be risk
weighted.
FR Y-9C
Schedule HC-R
• In column T, report the risk-weighted asset
amount (not the exposure amount) of those
HTM securitization exposures for which
the risk-weighted asset amount is calculated using the SSFA, as described above
in the General Instructions for Part II and
in §.41 to §.45 of the regulatory capital
rules.
o If an HTM securitization exposure will
be risk-weighted using either the SSFA
or the Gross-Up Approach, report the
carrying value of the HTM securitization exposure reported in column A of
this item.
Available-for-sale debt securities. Report in
column A the fair value of those availablefor-sale (AFS) debt securities reported in
Schedule HC, item 2(b), that qualify as securitization exposures as defined in §.2 of the
regulatory capital rules. Refer to the instructions for Schedule HC-R, Part II, item 2(b),
for a summary of the reporting locations of
AFS securitization exposures.
A holding company that has adopted
CECL includes the relevant portion
(reflected as a negative number) related
to securitization exposures of Schedule
HI-B, Part II, item 7, Column B, balance
end of current period for HTM Securities, less Schedule HC-R, part II, Memorandum item 5(b), “Amount of allowances for credit losses on purchased
credit deteriorated assets: Held-tomaturity securities.” For example, if a
firm reports $100 in HI-B, Part II, item 7,
Column B, and $10 in Schedule HC-R,
part II, Memorandum item 5(b), the firm
would report ($90) in this column B.
Exposure amount to be used for purposes of
risk weighting - holding company that cannot
or has not made the Accumulated Other Comprehensive Income (AOCI) opt-out election in
Schedule HC-R, Part I, item 3(a):
For an AFS debt security that is a securitization exposure where the holding company
cannot make or has not made the AOCI
opt-out election (i.e., most AOCI is included
in regulatory capital), the exposure amount of
the AFS securitization exposure to be risk
weighted by the holding company is the carrying value of the debt security, which is the
value of the asset reported on the balance
sheet of the holding company (Schedule HC,
December 2019
9(b)
HC-R-113
Schedule HC-R
item 2(b)) determined in accordance with
GAAP (i.e., the fair value of the available-forsale debt security) and in column A of this
item.
Exposure amount to be used for purposes of
risk weighting - holding company has made
the AOCI opt-out election in Schedule HC-R,
Part I, item 3(a):
For an AFS debt security that is a securitization exposure where the holding company has
made the AOCI opt-out election (i.e., most
AOCI is not included in regulatory capital),
the exposure amount of the AFS securitization exposure to be risk weighted by the
holding company is the carrying value of the
debt security, less any unrealized gain on the
exposure plus any unrealized loss on the
exposure included in AOCI.
• In column B
HC-R-114
• In column Q, report the exposure amount
of those AFS securitization exposures that
are assigned a 1,250 percent risk weight
(i.e., those AFS securitization exposures
for which the risk-weighted asset amount is
not calculated using the SSFA or the
Gross-Up Approach).
• In column T, report the risk-weighted asset
amount (not the exposure amount) of those
AFS securitization exposures for which the
risk-weighted asset amount is calculated
using the SSFA, as described above in the
General Instructions for Schedule HC-R
Part II and in §.41 to 45 of the regulatory
capital rules.
• In column U, report the risk-weighted asset
amount (not the exposure amount) of those
AFS securitization exposures for which the
risk-weighted asset amount is calculated
using the Gross-Up Approach, as described
above in the General Instructions for Schedule HC-R, Part II, and in §.41 to §.45 of the
regulatory capital rules.
o If an AFS securitization exposure will
be risk weighted using the 1,250 percent
risk weight approach, a holding company that has made the AOCI opt-out
election should include the difference
between the fair value and amortized
cost of those AFS debt securities that
qualify as securitization exposures. This
difference equals the amounts reported
in Schedule HC-B, items 4 and 5, column D, minus items 4 and 5, column C,
for those AFS debt securities included
in these items that are securitization
exposures. When fair value exceeds
cost, report the difference as a positive
number in Schedule HC-R, Part II, item
9(b), column B. When cost exceeds fair
value, report the difference as a negative
number (i.e., with a minus (-) sign) in
Schedule HC-R, Part II, item 9(b), column B.
Example 1: A holding company reports an
AFS securitization exposure on its balance
sheet in Schedule HC, item 2(b), at a carrying
value (i.e., fair value) of $105. The amortized
cost of the AFS securitization exposure is
$100. The AFS securitization exposure has a
$5 unrealized gain that is included in AOCI.
The holding company would report has made
the AOCI opt-out election in Schedule HC-R,
Part I, item 3(a). The AFS securitization
exposure will be risk weighted using the
1,250 percent risk weight approach. The holding company would report in Schedule HC-R,
Part II, item 9(b):
o If an AFS securitization exposure will
be risk weighted using either the SSFA
or the Gross-Up Approach, a holding
company should report carrying value
of the AFS securitization exposure
reported in column A of this item.
• $5 in Column B. This is the difference
between the carrying value (i.e., fair value)
of the AFS securitization exposure and its
exposure amount that is subject to riskweighting. For a holding company that has
made the AOCI opt-out election, column B
• $105 in Column A. This is the carrying
value of the AFS securitization exposure
on the holding company’s balance sheet.
Schedule HC-R
FR Y-9C
March 2016
Schedule HC-R
will typically represent the amount of unrealized gain or unrealized loss on a securitization exposure. Gains are reported as positive numbers; losses as negative numbers.
(Note: if the holding company has not
made or cannot make the AOCI opt-out
election, there will not be an adjustment to
be reported in column B.)
• $100 is the exposure amount subject to
risk-weighting. This amount will be
reported in item 9(b), column Q - 1,250
percent risk weight. For a holding company that has made the AOCI opt-out election, the exposure amount typically will be
the carrying value (i.e., fair value) of the
AFS securitization exposure excluding any
unrealized gain or loss.
Example 2: A holding company reports an
AFS securitization exposure on its balance
sheet in Schedule HC, item 2(b), at a carrying
value (i.e., fair value) of $105. The AFS
securitization exposure has a $5 unrealized
gain that is included in AOCI. The holding
company has made the AOCI opt-out election
in Schedule HC-R, Part I, item 3(a). The AFS
securitization exposure will be risk weighted
using the Gross-Up Approach and it is assigned
a 900 percent risk weight using this approach.
The holding company would report in Schedule HC-R, Part II, item 9(b):
• $105 in Column A. This is the carrying
value of the AFS securitization exposure
on the holding company’s balance sheet.
• $105 in Column B. When the Gross-Up
Approach is being used, the carrying
amount of the AFS securitization exposure
on the holding company’s balance sheet is
to be reported in column B. Because the
holding company has made the AOCI optout election, the $105 carrying amount
consists of two components: (i) $100 is the
exposure amount subject to risk-weighting
at 900 percent, and (ii) $5 is difference
between the carrying value and the exposure amount that is subject to riskweighting.
FR Y-9C
Schedule HC-R
March 2016
• $900 reported in Column U. This is the
risk-weighted asset amount of the AFS
securitization exposure. This amount ($900)
will be reported in item 9(b), column U Gross-Up. (Note: $900 is the product of the
$100 exposure amount multiplied by a 900
percent risk weight.)
9(c)
Trading assets. Report in column A the fair
value of those trading assets reported in
Schedule HC, item 5, that qualify as securitization exposures as defined in §.2 of the
regulatory capital rules. Refer to the instructions for Schedule HC-R, Part II, item 7, for a
summary of the reporting locations of trading
assets that are securitization exposures.
If the holding company is subject to the
market risk capital rule, report in column B
the fair value of those securitization exposures reported in column A of this item that
are covered positions as defined in Schedule
HC-R, Part II, item 27. The holding company
will report its standardized market riskweighted assets in Schedule HC-R, Part II,
item 27.
For holding companies not subject to the
market risk capital rule and for those trading
assets held by holding companies subject to
the market risk capital rule that are securitization exposures that do not meet the definition
of a covered position:
• In column B, report the fair value reported
in column A of this item for those trading
assets reported in Schedule HC, item 5,
that qualify as securitization exposures and
will be risk-weighted using either the Simplified Supervisory Formula Approach
(SSFA) or the Gross-Up Approach.
• In column Q, report the fair value of those
trading assets that are securitization exposures that are assigned a 1,250 percent risk
weight (i.e., those trading asset securitization exposures for which the risk-weighted
asset amount is not calculated using the
SSFA or the Gross-Up Approach).
• In column T, report the risk-weighted asset
amount (not the fair value) of those trading
HC-R-115
Schedule HC-R
assets that are securitization exposures for
which the risk-weighted asset amount is
calculated using the SSFA, as described
above in the General Instructions for Schedule HC-R, Part II, and in §.41 to §.45 of the
regulatory capital rules.
• In column U, report the risk-weighted asset
amount (not the fair value) of those trading
assets that are securitization exposures for
which the risk-weighted asset amount is
calculated using the Gross-Up Approach,
as described above in the General Instructions for Schedule HC-R, Part II, and in
§.41 to §.45 of the regulatory capital rules.
9(d)
All other on-balance sheet securitization
exposures. Report in column A the amount
of all on-balance sheet assets included in
Schedule HC that qualify as securitization
exposures as defined in §.2 of the regulatory
capital rules and are not reported in Schedule
HC-R, Part II, items 9(a), 9(b), or 9(c). Refer
to the instructions for Schedule HC-R, Part II,
items 1, 3, 4, 5, and 8, above for a summary
of the reporting locations of other on-balance
sheet securitization exposures. For a holding
company that has made the Accumulated
Other Comprehensive Income (AOCI) optout election in Schedule HC-R, Part I, item
3(a), include in this item any accrued but
uncollected interest and fees associated with
held-to-maturity, available-for-sale, and trading securitization exposures reported in
Schedule HC, item 11, ‘‘Other assets.’’
Exposure amount to be used for purposes of
risk weighting - holding company that cannot
or has not made the AOCI opt-out election in
Schedule HC-R, Part I, item 3(a):
For other on-balance sheet securitization exposures where the holding company cannot or
has not made the AOCI opt-out election (i.e.,
most AOCI is included in regulatory capital),
the exposure amount to be risk weighted by
the holding company is the exposure’s carrying value, which is the value of the exposure
reported on the balance sheet of the holding
company determined in accordance with
GAAP and in column A.
HC-R-116
Exposure amount to be used for purposes of
risk weighting - holding company has made
the AOCI opt out election in Schedule HC-R,
Part I, item 3(a):
For other on-balance sheet securitization exposures where the holding company has made
the AOCI opt-out election (i.e., most AOCI is
not included in regulatory capital), the exposure amount to be risk weighted by the holding company is the exposure’s carrying value,
less any net unrealized gains on the exposure
plus any net realized loss on the exposure
included in AOCI. In column B, report any
difference between the carrying value and the
exposure amount of those other on-balance
sheet securitization exposures reported in column A of this item that will be risk weighted
by applying the 1,250 percent risk weight.
• In column B, all holding companies should
include the amount reported in column A
of this item for those other on-balance
sheet securitization exposures that will be
risk-weighted using either the Simplified
Supervisory Formula Approach (SSFA) or
the Gross-Up Approach.
• In column Q, report the exposure amount
of those other on-balance sheet securitization exposures that are assigned a 1,250
percent risk weight (i.e., those other
on-balance sheet securitization exposures
for which the risk-weighted asset amount is
not calculated using the SSFA or the
Gross-Up Approach).
• In column T, report the risk-weighted asset
amount (not the exposure amount) of those
other on-balance sheet securitization exposures for which the risk-weighted asset
amount is calculated using the SSFA, as
described above in the General Instructions
for Schedule HC-R, Part II, and in §.41 to
§.45 of the regulatory capital rules.
• In column U, report the risk-weighted asset
amount (not the exposure amount) of those
other on-balance sheet securitization exposures for which the risk-weighted asset
amount is calculated using the Gross-Up
Schedule HC-R
FR Y-9C
March 2016
Schedule HC-R
Approach, as described above in the General Instructions for Schedule HC-R, Part
II, and in §.41 to §.45 of the regulatory
capital rules.
10
Off-balance sheet securitization exposures.
Report in column A the notional amount of all
derivatives and off-balance sheet items
reported in Schedule HC-L or Schedule HC-S
that qualify as securitization exposures as
defined in §.2 of the regulatory capital rules.
Refer to the instructions for Schedule HC-R,
Part II, items 12 through 21, for a summary of
the reporting locations of off-balance sheet
securitization exposures.
Exposure amount to be used for purposes of
risk weighting
For an off-balance sheet securitization exposure that is not a repo-style transaction or
eligible margin loan for which the holding
company calculates an exposure amount under
§.37 of the regulatory capital rules, cleared
transaction (other than a credit derivative), or
over-the-counter (OTC) derivative contract
(other than a credit derivative), the exposure
amount is the notional amount of the exposure.
For an off-balance sheet securitization exposure to an asset-backed commercial paper
(ABCP) program, such as an eligible ABCP
liquidity facility, the notional amount may be
reduced to the maximum potential amount
that holding company could be required to
fund given the ABCP program’s current underlying assets (calculated without regard to the
current credit quality of those assets).
The exposure amount of an eligible ABCP
liquidity facility for which the Simplified
Supervisory Formula Approach (SSFA) does
not apply is equal to the notional amount of
the exposure multiplied by a credit conversion
factor (CCF) of 50 percent.
The exposure amount of an eligible ABCP
liquidity facility for which the SSFA applies
is equal to the notional amount of the exposure multiplied by a CCF of 100 percent.
FR Y-9C
Schedule HC-R
March 2020
For an off-balance sheet securitization exposure that is a repo-style transaction or eligible
margin loan for which the holding company
calculates an exposure amount under §.37 of
the regulatory capital rules, a cleared transaction (other than a credit derivative), or derivative contract (other than a credit derivative),
the exposure amount is the amount calculated
under §.34, §.35, §.37, §.132, or §.133, as
applicable, of the regulatory capital rules.
For a credit-enhancing representation and
warranty that is an off-balance sheet securitization exposure, see the discussion of ‘‘Treatment of Sales of 1-4 Family Residential First
Mortgage Loans with Credit-Enhancing Representations and Warranties,’’ which includes
an example, in the General Instructions for
Schedule HC-R, Part II.
• In column B, report the notional amount of
those off-balance sheet securitization exposures reported in column A of this item for
which the exposure amount (as described
above) will be risk-weighted using either
the SSFA or the Gross-Up Approach. Also
include in column B the difference between
the notional amount reported in column A
of this and the exposure amount for those
off-balance sheet items that qualify as securitization exposures and will be risk
weighted by applying the 1,250 percent
risk weight.
• In column Q, report the exposure amount
of those off-balance sheet securitization
exposures that are assigned a 1,250 percent
risk weight (i.e., those off-balance sheet
securitization exposures for which the riskweighted asset amount is not calculated
using the SSFA or the Gross-Up Approach).
• In column T, report the risk-weighted asset
amount (not the exposure amount) of those
off-balance sheet securitization exposures
for which the risk-weighted asset amount is
calculated using the SSFA, as described
above in the General Instructions for Schedule HC-R, Part II, and in §.41 to §.45 of the
regulatory capital rules.
HC-R-117
Schedule HC-R
• In column U, report the risk-weighted asset
amount (not the exposure amount) of those
off-balance sheet securitization exposures
for which the risk-weighted asset amount is
calculated using the Gross-Up Approach,
as described above in the General Instructions for Schedule HC-R, Part II, and in
§.41 to §.45 of the regulatory capital rules.
11
Total assets. For columns A through R, report
the sum of items 1 through 9. The sum of
columns B through R must equal column A.
Schedule HC-R, Part II, item 11, column A,
must equal Schedule HC, item 12, “Total
assets.”
Derivatives, Off-Balance Sheet Items, and Other Items
Subject to Risk Weighting (Excluding Securitization
Exposures)
Treatment of Derivatives and Off-Balance Sheet Items
that are Securitization Exposures - Any derivatives or
off-balance sheet items reported in Schedule HC-L or
Schedule HC-S that qualify as securitization exposures,
including liquidity facilities to asset-back commercial
paper programs, are to be reported in Schedule HC-R,
Part II, item 10, column A, and excluded from Schedule
HC-R, Part II, items 12 through 21 below.
Repo-style transactions - The regulatory capital rules
permit some repo-style transactions to be risk weighted
on a netting set basis. Where netting is permitted, a
holding company will combine both on-balance and
off-balance sheet repo-style transactions in order to determine a capital requirement for a netting set to a single
counterparty. In such cases, a holding company should
combine securities purchased under agreements to resell
(i.e., reverse repos) and securities sold under agreements
to repurchase (i.e., repos) with off-balance sheet repostyle transactions (i.e., securities borrowing and securities lending transactions) in Schedule HC-R, Part II, item
16, and report the netting set exposure to each counterparty under the appropriate risk weight column.
Credit Conversion Factors for Off-Balance Sheet Items A summary of the credit conversion factors (CCFs) by
which the exposure amount of off-balance sheet items are
to be multiplied follows. For further information on these
factors, refer to the regulatory capital rules.
Off-balance sheet items subject to a zero percent CCF:
HC-R-118
(1) Unused portions of commitments that are unconditionally cancelable at any time by the bank holding
company.
Off-balance sheet items subject to a 20 percent CCF:
(1) Commercial and similar letters of credit with an
original maturity of one year or less, including
short-term, self-liquidating, trade-related contingent
items that arise from the movement of goods.
(2) Commitments with an original maturity of one year
or less that are not unconditionally cancelable.
Off-balance sheet items subject to a 50 percent CCF:
(1) Transaction-related contingent items, including performance standby letters of credit, bid bonds, performance bonds, and warranties.
(2) Commercial and similar letters of credit with an
original maturity exceeding one year.
(3) Commitments with an original maturity exceeding
one year that are not unconditionally cancelable by
the bank, including underwriting commitments and
commercial credit lines.
Off-balance sheet items subject to a 100 CCF:
(1) Financial standby letters of credit.
(2) Repo-style transactions, including off-balance sheet
securities lending transactions, off-balance sheet
securities borrowing transactions, securities purchased under agreements to resell, and securities sold
under agreements to repurchase.
(3) Guarantees, certain credit-enhancing representations
and warranties, and forward agreements.
Item No.
12
(1)
Caption and Instructions
Financial standby letters of credit. For
financial standby letters of credit reported in
Schedule HC-L, item 2, that do not meet the
definition of a securitization exposure as
described in §.2 of the regulatory capital
rules, but are credit enhancements for assets,
report in column A:
The amount outstanding and unused of those
letters of credit for which this amount is less
than the effective risk-based capital requirement for the assets that are credit-enhanced
by the letter of credit multiplied by 12.5.
Schedule HC-R
FR Y-9C
September 2015
Schedule HC-R
(2)
The full amount of the assets that are creditenhanced by those letters of credit that are not
multiplied by 12.5.
o In column C-0% risk weight; column
G-20% risk weight; column H-50% risk
weight; column I-100% risk weight; column J-150% risk weight. Assign these
exposures to risk weight categories based
on the CRC methodology described
above in the General Instructions for
Part II. Include:
For all other financial standby letters of credit
reported in Schedule HC-L, item 2, that do
not meet the definition of a securitization
exposure, report in column A the amount
outstanding and unused of these letters of
credit.
o The credit equivalent amount of the
portion of financial standby letters of
credit reported in Schedule HC-L, item
2, that have been conveyed to foreign
banks.
• In column B, report 100 percent of the
amount reported in column A.
• In column C-0% risk weight, include the
credit equivalent amount of the portion of
financial standby letters of credit reported
in Schedule HC-L, item 2, that are secured
by collateral or has a guarantee that qualifies for the zero percent risk weight.
• In column G-20% risk weight, include the
credit equivalent amount of the portion of
financial standby letters of credit reported
in Schedule HC-L, item 2, that has been
conveyed to U.S. depository institutions.
Also include the credit equivalent amount
of the portion of financial standby letters of
credit reported in Schedule HC-L, item 2,
that are secured by collateral or has a
guarantee that qualifies for the 20 percent
risk weight.
• In column H-50% risk weight, include the
credit equivalent amount of the portion of
financial standby letters of credit reported
in Schedule HC-L, item 2, that are secured
by collateral or has a guarantee that qualifies for the 50 percent risk weight.
• In column I-100% risk weight, include the
portion of the credit equivalent amount
reported in column B that is not included in
columns C through H and J. Also include
the credit equivalent amount of the portion
of financial standby letters of credit reported
in Schedule HC-L, item 2, that are secured
by collateral or has a guarantee that qualifies for the 100 percent risk weight.
• Financial standby letters of credit that must
be risk-weighted according to the Country
Risk Classification (CRC) methodology
FR Y-9C
Schedule HC-R
September 2015
13
Performance standby letters of credit and
transaction-related contingent items. Report
in column A transaction-related contingent
items, which includes the face amount of
performance standby letters of credit reported
in Schedule HC-L, item 3, and any other
transaction-related contingent items that do
not meet the definition of a securitization
exposure as described in §.2 of the regulatory
capital rules.
• In column B, report 50 percent of the face
amount reported in column A.
• In column C-0% risk weight, include the
credit equivalent amount of the portion of
performance standby letters of credit and
transaction-related contingent items
reported in Schedule HC-L, item 3, that are
secured by collateral or has a guarantee
that qualifies for the zero percent risk
weight.
• In column G-20% risk weight, include the
credit equivalent amount of the portion of
performance standby letters of credit, performance bids, bid bonds, and warranties
reported in Schedule HC-L, item 3, that
have been conveyed to U.S. depository
institutions. Also include the credit equivalent amount of the portion of performance
standby letters of credit and transactionrelated contingent items reported in Schedule HC-L, item 3, that are secured by
collateral or has a guarantee that qualifies
for the 20 percent risk weight.
HC-R-119
Schedule HC-R
• In column H-50% risk weight, include the
credit equivalent amount of the portion of
performance standby letters of credit and
transaction-related contingent items
reported in Schedule HC-L, item 3, that are
secured by collateral or has a guarantee
that qualifies for the 50 percent risk weight.
• In column I-100% risk weight, include the
portion of the credit equivalent amount
reported in column B that is not included in
columns C through H and J. Also include
the credit equivalent amount of the portion
of performance standby letters of credit
and transaction-related contingent items
reported in Schedule HC-L, item 3, that are
secured by collateral or has a guarantee
that qualifies for the 100 percent risk
weight.
• Performance standby letters of credit and
transaction-related contingent items that
must be risk-weighted according to the
Country Risk Classification (CRC) methodology.
o In column C-0% risk weight; column
G-20% risk weight; column H-50% risk
weight; column I-100% risk weight; column J-150% risk weight. Assign these
exposures to risk weight categories based
on the CRC methodology described
above in the General Instructions for
Part II. Include:
o The credit equivalent amount of the
portion of performance standby letters
of credit, performance bids, bid bonds,
and warranties reported in Schedule
HC-L, item 3, that have been conveyed
to foreign banks.
14
HC-R-120
Commercial and similar letters of credit
with an original maturity of one year or
less. Report in column A the face amount of
those commercial and similar letters of credit,
including self-liquidating, trade-related contingent items that arise from the movement of
goods, reported in Schedule HC-L, item 4,
with an original maturity of one year or less
that do not meet the definition of a securitization exposure as described in §.2 of the regu-
latory capital rules. Report those commercial
letters of credit with an original maturity
exceeding one year that do not meet the
definition of a securitization exposure in
Schedule HC-R, Part II, item 18(b).
• In column B, report 20 percent of the face
amount reported in column A.
• In column C-0% risk weight, include the
credit equivalent amount of the portion of
commercial or similar letters of credit with
an original maturity of one year or less
reported in Schedule HC-L, item 4, that are
secured by collateral or has a guarantee
that qualifies for the zero percent risk
weight.
• In column G-20% risk weight, include the
credit equivalent amount of the portion of
commercial and similar letters of credit,
including self-liquidating, trade-related
contingent items that arise from the movement of goods, with an original maturity of
one year or less, reported in Schedule
HC-L, item 4, that have been conveyed to
U.S. depository institutions. Also include
the credit equivalent amount of the portion
of commercial or similar letters of credit
with an original maturity of one year or
less reported in Schedule HC-L, item 4,
that are secured by collateral or has a
guarantee that qualifies for the 20 percent
risk weight.
• In column H-50% risk weight, include the
credit equivalent amount of the portion of
commercial or similar letters of credit with
an original maturity of one year or less
reported in Schedule HC-L, item 4, that are
secured by collateral or has a guarantee
that qualifies for the 50 percent risk weight.
• In column I-100% risk weight, include the
portion of the credit equivalent amount
reported in column B that is not included in
columns C through H and J. Also include
the credit equivalent amount of the portion
of commercial or similar letters of credit
with an original maturity of one year or
less reported in Schedule HC-L, item 4,
that are secured by collateral or has a
Schedule HC-R
FR Y-9C
September 2015
Schedule HC-R
guarantee that qualifies for the 100 percent
risk weight.
• Commercial and similar letters of credit
that must be risk-weighted according to the
Country Risk Classification (CRC) methodology
o In column C-0% risk weight; column
G-20% risk weight; column H-50% risk
weight; column I-100% risk weight; column J-150% risk weight. Assign these
exposures to risk weight categories based
on the CRC methodology described
above in the General Instructions for
Part II. Include:
o The credit equivalent amount of commercial and similar letters of credit,
including self-liquidating, trade-related
contingent items that arise from the
movement of goods, with an original
maturity of one year or less, reported in
Schedule HC-L, item 4, that have been
conveyed to foreign banks.
15
Retained recourse on small business obligations sold with recourse. Report in column A
the amount of retained recourse on small
business obligations reported in Schedule
HC-S, Memorandum item 1(b), that do not
meet the definition of a securitization exposure as described in §.2 of the regulatory
capital rules.
For retained recourse on small business obligations sold with recourse that qualify as
securitization exposures, please see §42(h) of
the regulatory capital rule for purposes of
risk-weighting and report these exposures in
Schedule HC-R, Part II, item 10.
Under Section 208 of the Riegle Community
Development and Regulatory Improvement
Act of 1994, a ‘‘qualifying institution’’ that
transfers small business loans and leases on
personal property (small business obligations)
with recourse in a transaction that qualifies as
a sale under generally accepted accounting
principles (GAAP) must maintain risk-based
capital only against the amount of recourse
retained, provided the institution establishes a
FR Y-9C
Schedule HC-R
March 2017
recourse liability account that is sufficient
under GAAP. Only loans and leases to businesses that meet the criteria for a small business concern established by the Small Business Administration under Section 3(c) of the
Small Business Act (12 U.S.C.631) are eligible for this favorable risk-based capital
treatment.
In general, a ‘‘qualifying institution’’ is one
that is well capitalized without regard to the
Section 208 provisions. If a holding company
ceases to be a qualifying institution or exceeds
the retained recourse limit set forth in banking
agency regulations implementing Section 208,
all new transfers of small business obligations
with recourse would not be treated as sales.
However, the reporting and risk-based capital
treatment described above will continue to
apply to any transfers of small business obligations with recourse that were consummated
during the time the holding company was a
‘‘qualifying institution’’ and did not exceed
the limit.
• In column B, report 100 percent of the
amount reported in column A.
• In column C-0% risk weight, include the
credit equivalent amount of the portion of
retained recourse on small business obligations sold with recourse reported in Schedule HC-S, Memorandum item 1(b), that are
secured by collateral or has a guarantee
that qualifies for the zero percent risk
weight.
• In column G-20% risk weight, include the
credit equivalent amount of the portion of
retained recourse on small business obligations sold with recourse reported in Schedule HC-S, Memorandum item 1(b), that are
secured by collateral or has a guarantee
that qualifies for the 20 percent risk weight.
• In column H-50% risk weight, include the
credit equivalent amount of the portion of
retained recourse on small business obligations sold with recourse reported in Schedule HC-S, Memorandum item 1(b), that are
secured by collateral or has a guarantee
that qualifies for the 50 percent risk weight.
HC-R-121
Schedule HC-R
• In column I-100% risk weight, include the
portion of the credit equivalent amount
reported in column B that is not included in
columns C through H and J. Also include
the credit equivalent amount of the portion
of retained recourse on small business obligations sold with recourse reported in
Schedule HC-S, Memorandum item 1(b),
that are secured by collateral or has a
guarantee that qualifies for the 100 percent
risk weight.
16
Repo-style transactions. Repo-style transactions include:
• Securities lending transactions, including
transactions in which the holding company
acts as an agent for a customer and indemnifies the customer against loss. Securities
lent are reported in Schedule HC-L, item
6(a).
• Securities borrowing transactions Securities
borrowed are reported in Schedule HC-L,
item 6(b).
• Securities purchased under agreements to
resell (i.e., reverse repos). Securities purchased under agreements to resell are
reported in Schedule HC, item 3(b).
• Securities sold under agreements to repurchase (i.e., repos). Securities sold under
agreements to repurchase are reported in
Schedule HC, item 14(b).39
Report in column A the exposure amount of
repo-style transactions that do not meet the
definition of a securitization exposure as
described in §.2 of the regulatory capital
rules.
For repo-style transactions to which the holding company applies the Simple Approach to
recognize the risk-mitigating effects of qualifying financial collateral, as outlined in §.37
39. Although securities purchased under agreements to resell and securities sold under agreements to repurchase are reported on the balance
sheet (Schedule HC) as assets and liabilities, respectively, they are included
with securities lent and securities borrowed and designated as repo-style
transactions that are treated collectively as off-balance sheet items under
the regulatory capital rules.
HC-R-122
of the regulatory capital rules, the exposure
amount to be reported in column A is the sum
of the fair value as of the report date of
securities the holding company has lent,40 the
amount of cash or the fair value as of the
report date of other collateral the holding
company has posted for securities borrowed,
the amount of cash provided to the counterparty for securities purchased under agreements to resell (as reported in Schedule HC,
item 3(b), and the fair value as of the report
date of securities sold under agreements to
repurchase.
For repo-style transactions to which the holding company applies the Collateral Haircut
Approach to recognize the risk-mitigating
effects of qualifying financial collateral, as
outlined in §.37 of the regulatory capital rules,
the exposure amount to be reported in column A for a repo-style transaction or a singleproduct netting set of such transactions is
determined by using the exposure amount
equation in §.37(c) of the regulatory capital
rules.
A holding company may apply either the
Simple Approach or the Collateral Haircut
Approach to repo-style transactions; however,
the holding company must use the same
approach for similar exposures or transactions. For further information, see the discussion of ‘‘Treatment of Collateral and Guarantees’’ in the General Instructions for Schedule
HC-R, Part II.
• In column B, report 100 percent of the
exposure amount reported in column A.
• In column C-0% risk weight, include the
credit equivalent amount of repo-style transactions that are supported by the appropriate amount of collateral that qualifies for
the zero percent risk weight under the
regulatory capital rules (refer to §.37 of the
regulatory capital rules).
40. For held-to-maturity securities that have been lent, the amortized
cost of these securities is reported in Schedule HC-L, item 6(a), but the fair
value of these securities should be reported as the exposure amount in
column A of this item.
Schedule HC-R
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• In column D-2% risk weight, include the
credit equivalent amount of centrally cleared
repo-style transactions with Qualified Central Counterparties (QCCPs), as defined in
§.2 and described in §.35 of the regulatory
capital rules.
• In column E-4% risk weight, include the
credit equivalent amount of centrally cleared
repo-style transactions with QCCPs in all
other cases that do not meet the criteria of
qualification for a 2 percent risk weight, as
described in §.35 of the regulatory capital
rules.
• In column G-20% risk weight, include the
credit equivalent amount of repo-style transactions that are supported by the appropriate amount of collateral that qualifies for the
20 percent risk weight under the regulatory
capital rules. Also include the credit equivalent amount of repo-style transactions that
represents exposures to U.S. depository
institutions.
• In column H-50% risk weight, include the
credit equivalent amount of repo-style transactions that are supported by the appropriate amount of collateral that qualifies for the
50 percent risk weight under the regulatory
capital rules.
• In column I-100% risk weight, include the
portion of the credit equivalent amount
reported in column B that is not included in
columns C through H, J, and R. Also
include the credit equivalent amount of
repo-style transactions that are supported
by the appropriate amount of collateral that
qualifies for the 100 percent risk weight
under the regulatory capital rules.
• In column J-150% risk weight, include the
credit equivalent amount of repo-style transactions that are supported by the appropriate amount of collateral that qualifies for the
150 percent risk weight under the regulatory capital rules.
• In columns R and S-Application of Other
Risk-Weighting Approaches, include the portion of repo-style transactions that is secured
FR Y-9C
Schedule HC-R
September 2015
by qualifying financial collateral that meets
the definition of a securitization exposure in
§.2 of the regulatory capital rules or is a
mutual fund only if the holding company
chooses to recognize the risk-mitigating
effects of the securitization exposure collateral under the simple approach or the collateral haircut approach outlined in §.37 of the
regulatory capital rules. Under the simple
approach, the risk weight assigned to the
collateralized portion of the repo-style exposure may not be less than 20 percent.
o Include in column R the portion of
repo-style transactions secured by the
fair value or adjusted fair value of securitization exposure or mutual fund collateral as determined under the simple
approach or the collateral haircut
approach, respectively; however, the
holding company must apply the same
approach for all repo-style transactions.
In addition, if the holding company
applies the simple approach, it must
apply the same approach - either the
Simplified
Supervisory
Formula
Approach or the Gross-Up Approach that it applies to determine the riskweighted asset amounts of its on- and
off-balance sheet securitization exposures that are reported in Schedule HC-R,
Part II, items 9 and 10.
o Report in column S the risk-weighted
asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of repo-style transactions secured by such collateral. Any
remaining portion of the repo-style exposure that is uncollateralized or collateralized by other qualifying collateral
would be reported in columns C through
J, as appropriate.
For further information, see the discussions of
‘‘Treatment of Collateral and Guarantees’’
and ‘‘Risk-Weighted Assets for Securitization
Exposures’’ in the General Instructions for
Schedule HC-R, Part II.
HC-R-123
Schedule HC-R
• Repo-style transactions that must be riskweighted according to the Country Risk
Classification (CRC) methodology
o In column C-0% risk weight; column
G-20% risk weight; column H-50% risk
weight; column I-100% risk weight; column J-150% risk weight. Assign these
exposures to risk weight categories based
on the CRC methodology described
above in the General Instructions for
Part II. Include:
o The credit equivalent amount of repostyle transactions that represents exposures to foreign central banks and foreign banks.
Examples: Reporting Securities Sold Under
Agreements to Repurchase (Repos) Under the
Simple Approach for Recognizing Effects of
Collateral
§.37 of the regulatory capital rules provides
for the recognition of the risk-mitigating
effects of collateral when risk-weighting assets
collateralized by financial collateral, as defined
in §.2. The following examples illustrate the
calculation of risk-weighted assets and the
reporting of securities sold under agreements
to repurchase (repos) in Schedule HC-R, Part
II, item 16, using the Simple Approach.
Example 1: Security sold under agreement
to repurchase fully collateralized by cash.
A holding company has transferred an
available-for-sale (AFS) debt security to a
counterparty in a repo transaction that is
accounted for as a secured borrowing on the
bank’s balance sheet. The bank received $100
in cash from the repo counterparty in this
transaction. The amortized cost and the fair
value of the AFS debt security are both $100
as of the report date.41 The debt security is an
exposure to a U.S. government sponsored
41. In both Example 1 and Example 2, because the fair value carrying
value of the AFS GSE debt security equals the amortized cost of the debt
security, a holding company that has made the AOCI opt-out election in
Schedule HC-R, Part I, item 3(a), does not need to adjust the carrying
value (i.e., the fair value) of the debt security to determine the exposure
amount of the security. Thus, for a holding company that has made the
AOCI opt-out election, the carrying value of the AFS debt security equals
HC-R-124
entity (GSE) that qualifies for a 20 percent
risk weight. The repo counterparty is a company that would receive a 100 percent risk
weight.
Calculation of risk-weighted assets for the transaction:
1. The holding company continues to report the AFS
GSE debt security as an asset on its balance sheet
and to risk weight the security as an on-balance sheet
asset at 20 percent:42
a. $100 x 20% = $20
2. The holding company has a $100 exposure to the
repo counterparty (the report date fair value of the
security transferred to the counterparty) that is collateralized by the $100 of cash received from the
counterparty. The holding company risk weights its
exposure to the repo counterparty at zero percent in
recognition of the cash received in the transaction
from the counterparty: $100 x 0% = $0
3. There is no additional exposure to the repo counterparty to risk weight because the exposure to the
counterparty is fully collateralized by the cash
received.
Total risk-weighted assets arising from the
transactions: $20
The holding company would report the transaction as
follows:
1. The holding company reports the AFS debt security
in Schedule HC-R, Part II, item 2(b):
a. The $100 carrying value (i.e., fair value) of the
AFS debt security on the balance sheet will be
reported in column A.43
b. The $100 exposure amount of the AFS debt
security will be reported in column G - 20
percent risk weight (which is the applicable
risk weight for a U.S. GSE debt security).
2. The holding company reports the repurchase agreement in Schedule HC-R, Part II, item 16:
a. The holding company’s $100 exposure to the
repo counterparty, which is the fair value of
its exposure amount in Examples 1 and 2.
42. See footnote 32.
43. See footnote 32.
Schedule HC-R
FR Y-9C
September 2015
Schedule HC-R
the debt security transferred in the repo transaction, is the exposure amount to be reported
in column A.
c. Because the holding company’s exposure to
the repo counterparty is fully collateralized by
the $100 of cash received from the counterparty, the $100 credit equivalent amount of the
repurchase agreement will be reported in column C - 0 percent risk weight (which is the
applicable risk weight for cash collateral).
b. The $100 credit equivalent amount of the
holding company’s exposure to the repo counterparty will be reported in column B.
(Column C)
(Column A)
Totals from
Schedule HC
2(b). AFS Securities
(Column B)
Adjustments
(Column I)
Allocation by Risk-Weight Category
0%
$100
20%
100%
$100
(Column C)
16. Repo-sytle
Transactions
(Column G)
(Column A)
Face or
notional
(Column B)
Credit Equiv.
$100
$100
Example 2: Security sold under an agreement to
repurchase (repo) not fully collateralized by cash.
A holding company has transferred an AFS debt security
to a counterparty in a repo transaction that is accounted
for as a secured borrowing on the bank’s balance sheet.
The holding company received $98 in cash from the repo
counterparty in this transaction. The amortized cost and
the fair value of the AFS debt security are both $100 as of
the report date.44 The debt security is an exposure to a
U.S. GSE that qualifies for a 20 percent risk weight. The
repo counterparty is a company that would receive a 100
percent risk weight.
Calculation of risk-weighted assets for the transaction:
1. The bank continues to report the AFS GSE debt
security as an asset on its balance sheet and to
riskweight the security as an on-balance sheet asset
at 20 percent:45
$100 x 20% = $20
2. The holding company has a $100 exposure to the
repo counterparty (the report date fair value of the
(Column G)
2(b).
(Column I)
Allocation by Risk-Weight Category
0%
20%
100%
$100
16.
security transferred to the counterparty) of which
$98 is collateralized by the cash received from the
counterparty. The holding company risk weights the
portion of its exposure to the repo counterparty that
is collateralized by the cash received from the counterparty at zero percent: $98 x 0% = $0
3. The holding company risk weights its $2 uncollateralized exposure to the repo counterparty using the
risk weight applicable to the counterparty: $2 x
100% = $2
Total risk-weighted assets for the above
transactions: $22
The holding company would report the transaction in
Schedule HC-R, Part II, as follows:
1. The holding reports the AFS debt security in item
2(b):
a. The $100 carrying value (i.e., the fair value) of
the AFS debt security on the balance sheet will be
reported in column A.46
44. See footnote 32.
45. See footnote 32.
FR Y-9C
Schedule HC-R
September 2015
46. See footnote 32.
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Schedule HC-R
c. Because the holding company’s exposure to the
repo counterparty is collateralized by the $98 of
cash received from the counterparty, $98 of the
$100 credit equivalent amount of the repurchase
agreement will be reported in column C-0% risk
weight (which is the applicable risk weight for
cash collateral).
b. The $100 exposure amount of the AFS debt
security will be reported in column G-20% risk
weight (which is the applicable risk weight for a
U.S. GSE debt security).
2. The holding company reports the repurchase agreement in item 16:
a. The holding company’s $100 exposure to the repo
counterparty, which is the fair value of the debt
security transferred in the repo transaction, is the
exposure amount to be reported in column A.
d. The $2 uncollateralized exposure to the repo
counterparty will be reported in column I-100%
risk weight (which is the applicable risk weight
for the repo counterparty).
b. The $100 credit equivalent amount of the holding
company’s exposure to the repo counterparty will
be reported in column B.
(Column C)
(Column A)
Totals from
Schedule HC
2(b). AFS Securities
(Column B)
Adjustments
17
0%
$100
20%
100%
$100
(Column A)
Face or
notional
(Column B)
Credit Equiv.
$100
$100
(Column G)
2(b).
(Column I)
Allocation by Risk-Weight Category
0%
$98
20%
100%
$2
16.
All other off-balance sheet liabilities. Report
in column A:
zation exposure as described in §.2 of the
regulatory capital rules,
• The notional amount of all other off-balance
sheet liabilities reported in Schedule HC-L,
item 9, that are covered by the regulatory
capital rules,
• The notional amount of written option contracts that act as financial guarantees that do
not meet the definition of a securitization
exposure as described in §.2 of the regulatory capital rules, and
• The face amount of risk participations in
bankers acceptances that have been acquired
by the reporting institution and are outstanding,
• The full amount of loans sold with creditenhancing representations and warranties47
that do not meet the definition of a securiti47. The definition of credit-enhancing representations and warranties in
HC-R-126
(Column I)
Allocation by Risk-Weight Category
(Column C)
16. Repo-Style
Transactions
(Column G)
§.2 of the regulatory capital rules states that such representations and
warranties obligate a holding company “to protect another party from
losses arising from the credit risk of the underlying exposures” and
“include provisions to protect a party from losses resulting from the default
or nonperformance of the counterparties of the underlying exposures or
from an insufficiency in the value of the collateral backing the underlying
exposures.” Thus, when loans or other assets are sold “with recourse” and
the recourse arrangement provides protection from losses as described in
the preceding definition, the recourse arrangement constitutes a creditenhancing representation and warranty.
Schedule HC-R
FR Y-9C
September 2015
Schedule HC-R
• The notional amount of all forward agreements, which are defined as legally binding
contractual obligations to purchase assets
with certain drawdown at a specified future
date, not including commitments to make
residential mortgage loans or forward foreign exchange contracts.
However, exclude from column A:
• The amount of credit derivatives classified
as trading assets that are subject to the
market risk capital rule (report in Schedule
HC-R, Part II, items 20 and 21, as appropriate), and
• Credit derivatives purchased by the holding
company that are recognized as guarantees
of an asset or off-balance sheet exposure
under the regulatory capital rules, i.e., credit
derivatives on which the holding company
is the beneficiary (report the guaranteed
asset or exposure in Schedule HC-R, Part II,
in the appropriate balance sheet or offbalance sheet category - e.g., item 5, ‘‘Loans
and leases, held for investment’’ - and in the
risk weight category applicable to the derivative counterparty - e.g., column G - 20%
risk weight - rather than the risk weight
category applicable to the obligor of the
guaranteed asset), and
Weighted Assets and for Schedule HC-R,
Part II, items 1 through 8, above.
• In column G-20% risk weight, include the
credit equivalent amount of liabilities to
counterparties who meet, or that have guarantees or collateral that meets, the criteria
for the 20 percent risk weight category as
described in the instructions for RiskWeighted Assets and for Schedule HC-R,
Part II, items 1 through 8, above.
• In column H-50$ risk weight, include the
credit equivalent amount of liabilities to
counterparties who meet, or that have guarantees or collateral that meets, the criteria
for the 50 percent risk weight category as
described in the instructions for RiskWeighted Assets and for Schedule HC-R,
Part II, items 1 through 8, above.
• In column I-100% risk weight, include the
portion of the credit equivalent amount
reported in column B that is not included in
columns C through J. Include the credit
equivalent amount of liabilities to counterparties who meet, or that have guarantees or
collateral that meets, the criteria for the 100
percent risk weight category as described in
the instructions for Risk-Weighted Assets
and for Schedule HC-R, Part II, items 1
through 8, above.
• The notional amount of standby letters of
credit issued by another depository institution, a Federal Home Loan Bank, or any
other entity on behalf of the reporting holding company that are reported in Schedule
HC-L, item 9, because these letters of credit
are not covered by the regulatory capital
rules.
• In column J-150% risk weight, include the
credit equivalent amount of liabilities to
counterparties who meet, or that have guarantees or collateral that meets, the criteria
for the 150 percent risk weight category as
described in the instructions for RiskWeighted Assets and for Schedule HC-R,
Part II, items 1 through 8, above.
• In column B, report 100 percent of the face
amount, notional amount, or other amount
reported in column A.
• All other off-balance sheet liabilities that
must be risk-weighted according to the
Country Risk Classification (CRC) methodology
• In column C-0% risk weight, include the
credit equivalent amount of liabilities to
counterparties who meet, or that have guarantees or collateral that meets, the criteria
for the zero percent risk weight category as
described in the instructions for RiskFR Y-9C
Schedule HC-R
September 2016
o In column C-0% risk weight; column
G-20% risk weight; column H-50% risk
weight; column I-100% risk weight; column J-150% risk weight. Assign these
exposures to risk weight categories based
HC-R-127
Schedule HC-R
on the CRC methodology described above
in the General Instructions for Part II.
Include:
o The credit equivalent amount of those
other off-balance sheet liabilities
described above in the instructions for
Column A of this item that represent
exposures to foreign central banks and
foreign banks.
18
Unused commitments. (Exclude unused commitments to asset-backed commercial paper
conduits.) Report in items 18(a) and 18(b) the
amounts of unused commitments, excluding
those that are unconditionally cancelable,
which are to be reported in Schedule HC-R,
Part II, item 19. Where a holding company
provides a commitment structured as a syndication or participation, the holding company
is only required to calculate the exposure
amount for its pro rata share of the commitment.
Exclude from items 18(a) and 18(b) any
unused commitments that qualify as securitization exposures, as defined in §.2 of the
regulatory capital rules. Unused commitments
that are securitization exposures must be
reported in Schedule HC-R, Part II, item 10,
column A. Also exclude default fund contributions in the form of commitments made by
a clearing member to a central counterparty’s
mutualized loss sharing arrangement. Such
default fund contributions must be reported
(as a negative number) in Schedule HC-R,
Part II, item 8, column B.
18(a) Original maturity of one year or less. Report
in column A the unused portion of those
unused commitments reported in Schedule
HC-L, item 1, with an original maturity of one
year or less.
Under the regulatory capital rules, the unused
portion of commitments (facilities) that are
unconditionally cancelable (without cause) at
any time by the holding company have a zero
percent credit conversion factor. The unused
portion of such unconditionally cancelable
commitments should be excluded from this
item and reported in Schedule HC-R, Part II,
HC-R-128
item 19. For further information, see the
instructions for item 19.
‘‘Original maturity’’ is defined as the length
of time between the date a commitment is
issued and the date of maturity, or the earliest
date on which the holding company (1) is
scheduled to (and as a normal practice actually does) review the facility to determine
whether or not it should be extended and (2)
can unconditionally cancel the commitment.
• In column B, report 20 percent of the
amount of unused commitments reported in
column A.
• In column C-0% risk weight, include the
credit equivalent amount of unused commitments to counterparties who meet, or that
have guarantees or collateral that meets, the
criteria for the zero percent risk weight
category as described in the instructions for
Risk-Weighted Assets and for Schedule
HC-R, Part II, items 1 through 8, above.
• In column G-20% risk weight, include the
credit equivalent amount of unused commitments to counterparties who meet, or that
have guarantees or collateral that meets, the
criteria for the 20 percent risk weight category as described in the instructions for
Risk-Weighted Assets and for Schedule
HC-R, Part II, items 1 through 8, above.
• In column H-50% risk weight, include the
credit equivalent amount of unused commitments to counterparties who meet, or that
have guarantees or collateral that meets, the
criteria for the 50 percent risk weight category as described in the instructions for
Risk-Weighted Assets and for Schedule
HC-R, Part II, items 1 through 8, above.
• In column I-100% risk weight, include the
portion of the credit equivalent amount
reported in column B that is not included in
columns C through H, J, and R. Include the
credit equivalent amount of unused commitments to counterparties who meet, or that
have guarantees or collateral that meets, the
criteria for the 100 percent risk weight
category as described in the instructions for
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FR Y-9C
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Schedule HC-R
Risk-Weighted Assets and for Schedule
HC-R, Part II, items 1 through 8, above.
be reported in columns C through J, as
appropriate.
• In column J-150% risk weight, include the
credit equivalent amount of unused commitments to counterparties who meet, or that
have guarantees or collateral that meets, the
criteria for the 150 percent risk weight
category as described in the instructions for
Risk-Weighted Assets and for Schedule
HC-R, Part II, items 1 through 8, above.
For further information, see the discussions of
‘‘Treatment of Collateral and Guarantees’’
and ‘‘Risk-Weighted Assets for Securitization
Exposures’’ in the General Instructions for
Schedule HC-R, Part II.
• In columns R and S-Application of Other
Risk-Weighting Approaches, include the portion of unused commitments that is secured
by qualifying financial collateral that meets
the definition of a securitization exposure in
§.2 of the regulatory capital rules or is a
mutual fund only if the holding company
chooses to recognize the risk-mitigating
effects of the securitization exposure or
mutual fund collateral under the simple
approach outlined in §.37 of the regulatory
capital rules. Under the simple approach,
the risk weight assigned to the collateralized portion of an unused commitment may
not be less than 20 percent.
o Include in column R the portion of unused
commitments secured by the fair value of
securitization exposure or mutual fund
collateral as determined under the simple
approach. In addition, the holding company must apply the same approach to
securitization exposure collateral - either
the Simplified Supervisory Formula
Approach or the Gross-Up Approach that it applies to determine the riskweighted asset amounts of its on- and
off-balance sheet securitization exposures
that are reported in Schedule HC-R, Part
II, items 9 and 10.
o Report in column S the risk-weighted
asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of unused commitments secured by such collateral. Any
remaining portion of the unused commitment that is uncollateralized or collateralized by other qualifying collateral would
FR Y-9C
Schedule HC-R
September 2015
• Unused commitments with an original maturity of one year or less, excluding ABCP
conduits, that must be risk weighted according to the Country Risk Classification (CRC)
methodology
o In column C-0% risk weight; column
G-20% risk weight; column H-50% risk
weight; column I-100% risk weight; column J-150% risk weight. Assign these
exposures to risk weight categories based
on the CRC methodology described above
in the General Instructions for Part II.
Include:
o The credit equivalent amount of those
unused commitments described above in
the instructions for Column A of this item
that represent exposures to foreign banks.
18(b) Original maturity exceeding one year.
Report in column A the unused portion of
those commitments to make or purchase extensions of credit in the form of loans or participations in loans, lease financing receivables,
or similar transactions reported in Schedule
HC-L, item 1, that have an original maturity
exceeding one year and are subject to the
regulatory capital rules. Also report in column
A the face amount of those commercial and
similar letters of credit reported in Schedule
HC-L, item 4, with an original maturity
exceeding one year that do not meet the
definition of a securitization exposure as
described in §.2 of the regulatory capital
rules.
Under the regulatory capital rules, the unused
portion of commitments (facilities) which are
unconditionally cancelable (without cause) at
any time by the holding company (to the
extent permitted under applicable law) have a
zero percent credit conversion factor. The
HC-R-129
Schedule HC-R
unused portion of such unconditionally cancelable commitments should be excluded from
this item and reported in Schedule HC-R, Part
II, item 19. For further information, see the
instructions for item 19.
Also include in column A the unused portion
all revolving underwriting facilities (RUFs)
and note issuance facilities (NIFs), regardless
of maturity.
In the case of consumer home equity or
mortgage lines of credit secured by liens on
1-4 family residential properties, a holding
company is deemed able to unconditionally
cancel the commitment if, at its option, it can
prohibit additional extensions of credit, reduce
the credit line, and terminate the commitment
to the full extent permitted by relevant federal
law. Retail credit cards and related plans,
including overdraft checking plans and overdraft protection programs, are defined to be
short-term commitments that should be converted at zero percent and excluded from this
item 18(b) if the holding company has the
unconditional right to cancel the line of credit
at any time in accordance with applicable law.
For commitments providing for increases in
the dollar amount of the commitment, the
amount to be converted to an on-balance sheet
credit equivalent amount and risk weighted is
the maximum dollar amount that the holding
company is obligated to advance at any time
during the life of the commitment. This
includes seasonal commitments where the
dollar amount of the commitment increases
during the customer’s peak business period.
In addition, this risk-based capital treatment
applies to long-term commitments that contain short-term options which, for a fee, allow
the customer to increase the dollar amount of
the commitment. Until the short-term option
has expired, the reporting holding company
must convert and risk weight the amount
which it is obligated to lend if the option is
exercised. After the expiration of a short-term
option which has not been exercised, the
unused portion of the original amount of the
HC-R-130
commitment is to be used in the credit conversion process.
• In column B, report 50 percent of the
amount of unused commitments and the
face amount of commercial and similar
letters of credit reported in column A. Note
that unused commitments that qualify as
securitization exposures as defined in §.2 of
the regulatory capital rules should be
reported as securitization exposures in
Schedule HC-R, Part II, item 10.
• In column C-0% risk weight, include the
credit equivalent amount of unused commitments and commercial and similar letters of
credit to counterparties who meet, or that
have guarantees or collateral that meets, the
criteria for the zero percent risk weight
category as described in the instructions for
Risk-Weighted Assets and for Schedule
HC-R, Part II, items 1 through 8, above.
• In column G-20% risk weight, include the
credit equivalent amount of unused commitments and commercial and similar letters of
credit to counterparties who meet, or that
have guarantees or collateral that meets, the
criteria for the 20 percent risk weight category as described in the instructions for
Risk-Weighted Assets and for Schedule
HC-R, Part II, items 1 through 8, above.
Include the credit equivalent amount of
commitments that have been conveyed to
U.S. depository institutions. Include the
credit equivalent amount of those commercial and similar letters of credit reported in
Schedule HC-L, item 4, with an original
maturity exceeding one year that have been
conveyed to U.S. depository institutions.
• In column H-50% risk weight, include the
credit equivalent amount of unused commitments and commercial and similar letters of
credit to counterparties who meet, or that
have guarantees or collateral that meets, the
criteria for the 50 percent risk weight category as described in the instructions for
Risk-Weighted Assets and for Schedule
HC-R, Part II, items 1 through 8, above.
Schedule HC-R
FR Y-9C
September 2016
Schedule HC-R
• In column I-100% risk weight, include the
portion of the credit equivalent amount
reported in column B that is not included in
columns C through H, J, and R. Also
include the credit equivalent amount of
unused commitments and commercial and
similar letters of credit to counterparties
who meet, or that have guarantees or collateral that meets, the criteria for the 100
percent risk weight category as described in
the instructions for Risk-Weighted Assets
and for Schedule HC-R, Part II, items 1
through 8, above.
weighted asset amounts of its on- and
off-balance sheet securitization exposures
that are reported in Schedule HC-R, Part
II, items 9 and 10.
o Report in column S the risk-weighted
asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of unused commitments secured by such collateral. Any
remaining portion of the unused commitment that is uncollateralized or collateralized by other qualifying collateral would
be reported in columns C through J, as
appropriate.
• In column J-150% risk weight, include the
credit equivalent amount of unused commitments and commercial and similar letters of
credit to counterparties who meet, or that
have guarantees or collateral that meets, the
criteria for the 150 percent risk weight
category as described in the instructions for
Risk-Weighted Assets and for Schedule
HC-R, Part II, items 1 through 8, above.
For further information, see the discussions of
“Treatment of Collateral and Guarantees” and
“Risk-Weighted Assets for Securitization
Exposures” in the General Instructions for
Schedule HC-R, Part II.
• Unused commitments and commercial and
similar letters of credit with an original
maturity exceeding one year that must be
risk-weighted according to the Country
Risk Classification (CRC) methodology
• In columns R and S-Application of Other
Risk-Weighting Approaches, include the portion of unused commitments that is secured
by qualifying financial collateral that meets
the definition of a securitization exposure in
§.2 of the regulatory capital rules or is a
mutual fund only if the holding company
chooses to recognize the risk-mitigating
effects of the securitization exposure or
mutual fund collateral under the simple
approach outlined in §.37 of the regulatory
capital rules. Under the simple approach,
the risk weight assigned to the collateralized portion of an unused commitment may
not be less than 20 percent.
o Include in column R the portion of unused
commitments secured by the fair value of
securitization exposure or mutual fund
collateral as determined under the simple
approach. In addition, the holding company must apply the same approach to
securitization exposure collateral - either
the Simplified Supervisory Formula
Approach or the Gross-Up Approach that it applies to determine the riskFR Y-9C
Schedule HC-R
September 2015
o In column C-0% risk weight; column
G-20% risk weight; column H-50% risk
weight; column I-100% risk weight; column J-150% risk weight. Assign these
exposures to risk weight categories based
on the CRC methodology described above
in the General Instructions for Part II.
Include:
o The credit equivalent amount of those
unused commitments described above in
the instructions for Column A of this item
that represent exposures to foreign banks.
o The credit equivalent amount of those
commercial and similar letters of credit
reported in Schedule HC-L, item 4, with
an original maturity exceeding one year
that have been conveyed to foreign banks.
19
Unconditionally cancelable commitments.
Report the unused portion of those unconditionally cancelable commitments reported in
Schedule HC-L, item 1, that are subject to the
regulatory capital rules. The unused portion
HC-R-131
Schedule HC-R
20
of commitments (facilities) that are unconditionally cancelable (without cause) at any
time by the bank (to the extent permitted by
applicable law) have a zero percent credit
conversion factor. The holding company
should report the unused portion of such
commitments in column A of this item and
zero in column B of this item.
In the case of consumer home equity or
mortgage lines of credit secured by liens on
1-4 family residential properties, a holding
company is deemed able to unconditionally
cancel the commitment if, at its option, it can
prohibit additional extensions of credit, reduce
the credit line, and terminate the commitment
to the full extent permitted by relevant federal
law. Retail credit cards and related plans,
including overdraft checking plans and overdraft protection programs, are defined to be
short-term commitments that should be converted at zero percent and included in this
item if the holding company has the unconditional right to cancel the line of credit at any
time in accordance with applicable law.
Over-the-counter derivatives. Report in column B the credit equivalent amount of overthe-counter derivative contracts covered by
the regulatory capital rules. As defined in §.2
of the regulatory capital rules, an over-thecounter (OTC) derivative contract is a derivative contract that is not a cleared transaction.48
Include OTC credit derivative contracts held
for trading purposes and subject to the market
risk capital rule. Include the client-facing leg
of a derivative contract cleared through a
central counterparty or a qualified central
48. An OTC derivative includes a transaction:
(1) Between an institution that is a clearing member and a counterparty where the institution is acting as a financial intermediary
and enters into a cleared transaction with a central counterparty
(CCP) that offsets the transaction with the counterparty; or
(2) In which an institution that is a clearing member provides a CCP
a guarantee on the performance of the counterparty to the transaction.
HC-R-132
counterparty, which is to be reported as an
over-the-counter derivative. Otherwise, do not
include the credit equivalent amount of centrally cleared derivative contracts, which must
be reported in Schedule HC-R, Part II, item 21.
Do not include OTC derivative contracts that
meet the definition of a securitization exposure as described in §.2 of the regulatory
capital rules; such derivative contracts must
be reported in Schedule HC-R, Part II, item 10.
The credit equivalent amount of a noncleared
derivative contract to be reported in column B
is determined under one of two methods, the
Current Exposure Method (CEM), as
described in 12 CFR 217.34(b) of the regulatory capital rule, or the Standardized Approach
for Counterparty Credit Risk (SA-CCR), as
described in 12 CFR 217.132(c) of the regulatory capital rule. Under the regulatory capital rule, a nonadvanced approaches holding
company may elect to use CEM or SA-CCR
to determine the credit equivalent amount of a
noncleared derivative contract, as of April 1,
2020 (and as of January 1, 2020, at a holding
company’s option on a best efforts basis). A
non-advanced approaches holding company
must notify the Board before using SA-CCR.
A non-advanced approaches holding company must use the same methodology to calculate the exposure amount for all its derivative contracts, including centrally cleared
derivative transactions, and may change its
election only with the prior approval of the
Board. As of January 1, 2022, an advanced
approaches holding company must use
SA-CCR to determine the credit equivalent
amount of a derivative contract for purposes
of standardized approach total risk-weighted
assets and the supplementary leverage ratio.
However, such a holding company may elect
to use SA-CCR as of April 1, 2020, by
notifying the Board (and as of January 1,
2020, at a holding company’s option on a best
efforts basis).
Schedule HC-R
FR Y-9C
September 2015
Schedule HC-R
Noncleared derivative
contracts
Cleared transactions
framework
Default fund contribution
Advanced approaches
holding companies,
advanced approaches total
risk-weighted assets
Option to use SA-CCR or
Internal Models
Methodology
Must use the approach
selected for purposes of
noncleared derivative
contracts
Must use SA-CCR
Advanced approaches
holding companies,
standardized approach total
risk-weighted assets
Must use SA-CCR
Must use SA-CCR
Must use SA-CCR
Non–advanced approaches
holding companies,
standardized approach total
risk-weighted assets
Option to use CEM or
SA-CCR
Must use the approach
selected for purposes of
noncleared derivative contracts
Must use the approach
selected for purposes of
noncleared derivative
contracts
Advanced approaches holding companies, supplementary leverage ratio
Must use SA-CCR to determine the exposure amount of derivative contracts for total
leverage exposure
Holding companies subject
to Category III capital
standards, supplementary
leverage ratio
Option to use CEM or SA-CCR to determine the exposure amount of derivative contracts
for total leverage exposure.
When using the CEM, the credit equivalent
amount of an OTC derivative contract to be
reported in Column B is the sum of its current
credit exposure (as reported in Schedule HC-R,
Part II, Memorandum item 1) plus the potential future exposure (PFE) over the remaining
life of the derivative contract (regardless of its
current credit exposure, if any), as described
in §.34 of the regulatory capital rules. The
current credit exposure of a derivative contract is (1) the fair value of the contract when
that fair value is positive and (2) zero when
the fair value of the contract is negative or
FR Y-9C
Schedule HC-R
March 2020
zero. The PFE exposure of a contract, which
is based on the type of contract and the
contract’s remaining maturity, is determined
by multiplying the notional principal amount
of the contract by the appropriate credit conversion factor from the following chart. The
notional principal amounts of the reporting
holding company’s OTC derivatives that are
subject to the risk-based capital requirements
are reported by remaining maturity in Schedule HC-R, Part II, Memorandum items 2(a)
through 2(g).
HC-R-133
Schedule HC-R
Interest
Rate
Foreign
exchange
rate and
gold
Credit
(investment
grade reference assets)
Credit
(noninvestment
grade reference assets)
Equity
Precious
metals
(except
gold)
Other
One year or less
0.0%
1.0%
5.0%
10.0%
6.0%
7.0%
10.0%
Greater than one year
& less than or equal to
five years
0.5%
5.0%
5.0%
10.0%
8.0%
7.0%
12.0%
Greater than five years
1.5%
7.5%
5.0%
10.0%
10.0%
8.0%
15.0%
Remaining Maturity
Under the Board’s regulatory capital rules and for purposes of Schedule HC-R, Part II, the existence of a
legally enforceable bilateral netting agreement between
the reporting holding company and a counterparty may
be taken into consideration when determining both the
current credit exposure and the potential future exposure
of derivative contracts. For further information on the
treatment of bilateral netting agreements covering derivative contracts, refer to the instructions for Schedule
HC-R, Part II, Memorandum item 1, and §.34 of the
regulatory capital rules.
When assigning OTC derivative exposures to risk weight
categories, holding companies can recognize the riskmitigating effects of financial collateral by using either
the simple approach or the collateral haircut approach, as
described in §.37 of the regulatory capital rules.
When using SA-CCR, the credit equivalent amount of an
OTC derivative contract to be reported in column B is the
sum of its current credit exposure (as reported in Schedule HC-R, Part II, Memorandum item 1) plus the potential future exposure over the remaining life of the derivative contract (regardless of its current credit exposure, if
any), as described in §.132 of the regulatory capital rule.
When using SA-CCR, a holding company should use the
value of the replacement cost amount for its current
credit exposure.
Under SA-CCR, the determination of the replacement
cost depends on whether the counterparty to a holding
company is required to post variation margin pursuant to
a variation margin agreement. The replacement cost for a
netting set that is not subject to a variation margin
agreement is equal to the greater of (1) the sum of the fair
values (after excluding any valuation adjustments) of the
HC-R-134
derivative contracts within the netting set, less the net
independent collateral amount applicable to such derivative contracts, or (2) zero. For a netting set that is subject
to a variation margin agreement where the counterparty
is required to post variation margin, replacement cost is
equal to the greater of (1) the sum of the fair values (after
excluding any valuation adjustments) of the derivative
contracts within the netting set, less the sum of the net
independent collateral amount and the variation margin
amount applicable to such derivative contracts; (2) the
sum of the variation margin threshold and the minimum
transfer amount applicable to the derivative contracts
within the netting set, less the net independent collateral
amount applicable to such derivative contracts; or (3)
zero. PFE under SA-CCR is equal to the product of the
PFE multiplier and the aggregated amount. To determine
the aggregated amount, a holding company is required to
determine the hedging set amounts for the derivative
contracts within a netting set, where a hedging set is
comprised of derivative contracts that share similar risk
factors based on asset class (e.g., interest rate, exchange
rate, credit, equity, and commodity).
• In column C-0% risk weight, include the
credit equivalent amount of over-thecounter derivative contracts with counterparties who meet, or that have guarantees or
collateral that meets, the criteria for the zero
percent risk weight category as described in
the instructions for Risk-Weighted Assets
and for Schedule HC-R, Part II, items 1
through 8, above. This includes over-thecounter derivative contracts that are markedto-market on a daily basis and subject to a
daily margin maintenance requirement, to
Schedule HC-R
FR Y-9C
June 2021
Schedule HC-R
the extent the contracts are collateralized by
cash on deposit at the reporting institution.
• In column F-10% risk weight, include the
credit equivalent amount of over-thecounter derivative contracts that are markedto-market on a daily basis and subject to a
daily margin maintenance requirement, to
the extent the contracts are collateralized by
a sovereign exposure that qualifies for a
zero percent risk weight under §.32 of the
regulatory capital rules.
• In column G-20% risk weight, include the
credit equivalent amount of over-thecounter derivative contracts with counterparties who meet, or that have guarantees or
collateral that meets, the criteria for the 20
percent risk weight category as described in
the instructions for Risk-Weighted Assets
and for Schedule HC-R, Part II, items 1
through 8, above.
• In column H-50% risk weight, include the
credit equivalent amount of over-thecounter derivative contracts with counterparties who meet, or that have guarantees or
collateral that meets, the criteria for the 50
percent risk weight category as described in
the instructions for Risk-Weighted Assets
and for Schedule HC-R, Part II, items 1
through 8, above.
• In column I-100% risk weight, include the
credit equivalent amount of over-thecounter derivative contracts with counterparties who meet, or that have guarantees or
collateral that meets, the criteria for the 100
percent risk weight category as described in
the instructions for Risk-Weighted Assets
and for Schedule HC-R, Part II, items 1
through 8, above. Also include the portion
of the credit equivalent amount reported in
column B that is not included in columns C
through H, J, and R.
• In column J-150% risk weight, include the
credit equivalent amount of over-thecounter derivative contracts with counterparties who meet, or that have guarantees or
collateral that meets, the criteria for the 150
percent risk weight category as described in
FR Y-9C
Schedule HC-R
September 2015
the instructions for Risk-Weighted Assets
and for Schedule HC-R, Part II, items 1
through 8, above.
• In columns R and S-Application of Other
Risk-Weighting Approaches, include the portion of over-the-counter derivative contracts that is secured by qualifying financial
collateral that meets the definition of a
securitization exposure in §.2 of the regulatory capital rules or is a mutual fund only if
the holding company chooses to recognize
the risk-mitigating effects of the securitization exposure or mutual fund collateral
under the simple approach or the collateral
haircut approach outlined in §.37 of the
regulatory capital rules. Under the simple
approach, the risk weight assigned to the
collateralized portion of the over-thecounter derivative exposure may not be less
than 20 percent.
o Include in column R the portion of overthe-counter derivative contracts secured
by the fair value or adjusted fair value of
securitization exposure or mutual fund
collateral as determined under the simple
approach or the collateral haircut
approach, respectively; however, the holding company must apply the same
approach for all over-the-counter derivative contracts. In addition, if the holding
company applies the simple approach, it
must apply the same approach - either the
Simplified
Supervisory
Formula
Approach or the Gross-Up Approach that it applies to determine the riskweighted asset amounts of its on- and
off-balance sheet securitization exposures
that are reported in Schedule HC-R, Part
II, items 9 and 10.
o Report in column S the risk-weighted
asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of over-the-counter
derivative contracts secured by such collateral. Any remaining portion of the
over-the-counter derivative exposure that
is uncollateralized or collateralized by
HC-R-135
Schedule HC-R
other qualifying collateral would be
reported in columns C through J, as
appropriate.
For further information, see the discussions of
“Treatment of Collateral and Guarantees” and
“Risk-Weighted Assets for Securitization
Exposures” in the General Instructions for
Schedule HC-R, Part II.
21
Centrally cleared derivatives. Report in column B the credit equivalent amount of centrally cleared derivative contracts covered by
the regulatory capital rules. As described in
§.2 of the regulatory capital rules, a centrally
cleared derivative contract is an exposure
associated with an outstanding derivative contract that an institution, or an institution that is
a clearing member has entered into with a
central counterparty (CCP), that is, a transaction that a CCP has accepted. Include centrally cleared credit derivative contracts held
for trading purposes that are subject to the
market risk capital rule and meet the operational requirements for counterparty credit
risk in §.3 of the regulatory capital rules.
However, do not include the client-facing leg
of a derivative contract cleared through a CCP
or a qualified CCP, which is to be reported as
an over-thecounter derivative in Schedule HC-R, Part II, item 20. For information on
the regulatory capital treatment of settled-tomarket contracts, see the discussion of “Treatment of Certain Centrally Cleared Derivative
Contracts” in the General Instructions for
Schedule HC-R, Part II. Do not include centrally cleared derivative contracts that meet
the definition of a securitization exposure as
described in §.2 of the regulatory capital
rules; such derivative contracts must be
reported in Schedule HC-R, Part II, item 10.
The credit equivalent amount of a centrally
cleared derivative contract to be reported in
column B is determined under either §.35 or
§.133 of the regulatory capital rules. Under
the regulatory capital rule, a non-advanced
HC-R-136
approaches holding company that elects to
calculate the exposure amount for its OTC
derivative contracts using the Standardized
Approach— Counterparty Credit Risk Method
(SA-CCR), as described in §.132(c), must
apply the treatment of cleared transactions
under §.133 to its derivative contracts that are
cleared transactions and to all default fund
contributions associated with such derivative
contracts, rather than applying §.35.
A non-advanced approaches holding company must use the same methodology to calculate the exposure amount for all its derivative contracts and may change its election
only with the prior approval of the Board. An
advanced approaches holding company must
apply the treatment of cleared transactions
under §.133 of the regulatory capital rules to
its derivative contracts that are cleared transactions and to all default fund contributions
associated with such derivative contracts.
When using the Current Exposure Method
(CEM), the credit equivalent amount of a
centrally cleared derivative contract is the
sum of its current credit exposure (as reported
in Schedule HC-R, Part II, Memorandum
item 1), plus the potential future exposure
(PFE) over the remaining life of the derivative
contract, plus the fair value of collateral
posted by the clearing member client and held
by the CCP or a clearing member in a manner
that is not bankruptcy remote. The current
credit exposure of a derivative contract is (1)
the fair value of the contract when that fair
value is positive and (2) zero when the fair
value of the contract is negative or zero. The
potential future credit exposure of a contract,
which is based on the type of contract and the
contract’s remaining maturity, is determined
by multiplying the notional principal amount
of the contract by the appropriate credit conversion factor from the following chart. The
notional principal amounts of the reporting
holding company’s centrally cleared derivatives that are subject to the risk-based capital
Schedule HC-R
FR Y-9C
March 2020
Schedule HC-R
Credit
(investment
grade
reference
assets)
Credit
(noninvestment
grade reference
assets)
Equity
Precious
metals
(except
gold)
Other
Remaining Maturity
Interest
Rate
Foreign
exchange
rate and
gold
One year or less
0.0%
1.0%
5.0%
10.0%
6.0%
7.0%
10.0%
Greater than one year
& less than or equal to
five years
0.5%
5.0%
5.0%
10.0%
8.0%
7.0%
12.0%
Greater than five years
1.5%
7.5%
5.0%
10.0%
10.0%
8.0%
15.0%
requirements are reported by remaining maturity in Schedule HC-R, Part II, Memorandum
items 3(a) through 3(g).
When using SA-CCR, the credit equivalent
amount of a centrally cleared derivative contract equals an alpha factor of 1.4 multiplied
by the the sum of its current credit exposure
(as reported in Schedule HC-R, Part II, Memorandum item 1), plus the PFE over the remaining life of the derivative contract, plus the fair
value of collateral posted by the clearing
member client bank and held by the CCP or a
clearing member in a manner that is not
bankruptcy remote. When using SA-CCR, a
holding company should use the value of the
replacement cost amount for its current credit
exposure.
Under SA-CCR, the determination of the
replacement cost depends on whether the
counterparty to a holding company is required
to post variation margin. The replacement
cost for a netting set that is not subject to a
variation margin agreement is equal to the
greater of (1) the sum of the fair values (after
excluding any valuation adjustments) of the
derivative contracts within the netting set, less
the net independent collateral amount applicable to such derivative contracts, or (2) zero.
For a netting set that is subject to a variation
margin agreement where the counterparty is
required to post variation margin, replacement
cost is equal to the greater of (1) the sum of
the fair values (after excluding any valuation
adjustments) of the derivative contracts within
FR Y-9C
Schedule HC-R
March 2020
the netting set, less the sum of the net independent collateral amount and the variation margin amount applicable to such derivative contracts; (2) the sum of the variation margin
threshold and the minimum transfer amount
applicable to the derivative contracts within
the netting set, less the net independent collateral amount applicable to such derivative contracts; or (3) zero. PFE under SA-CCR is
equal to the product of the PFE multiplier and
the aggregated amount. To determine the
aggregated amount, a bank is required to
determine the hedging set amounts for the
derivative contracts within a netting set, where
a hedging set is comprised of derivative contracts that share similar risk factors based on
asset class (e.g., interest rate, exchange rate,
credit, equity, and commodity).
When using the SA-CCR method, a holding
company may elect to treat settled-to-market
derivative contracts as subject to a variation
margin agreement and receive the benefits of
netting with collateralized-to-market derivative contracts. If a holding company elects to
treat settled-to-market derivative contracts as
subject to a variation margin agreement, it
must apply the maturity factor to such contracts under 12 CFR 217.132(c)(9)(iv)(A) of
the regulatory capital rules. The maturity factor of a derivative contract that is subject to a
variation margin agreement, excluding derivative contracts that are subject to a variation
HC-R-137
Schedule HC-R
margin agreement under which the counterparty is not required to post variation margin,
is determined by the following formula:
Maturity Factor
3 MPOR
,
2
250
where MPOR refers to the period from the
most recent exchange of collateral under a
variation margin agreement with a defaulting
counterparty until the derivative contracts are
closed out and the resulting market risk is
re-hedged.
• In column C-0% risk weight, include the
credit equivalent amount of centrally cleared
derivative contracts with CCPs and other
counterparties who meet, or that have guarantees or collateral that meet the criteria for
the zero percent risk weight category as
described in the instructions for RiskWeighted Assets and for Schedule HC-R,
Part II, items 1 through 8, above.
• In column D-2% risk weight, include the
credit equivalent amount of centrally cleared
derivative contracts with Qualified Central
Counterparties (QCCPs) where the collateral posted by the holding company to the
QCCP or clearing member is subject to an
arrangement that prevents any losses to the
clearing member client due to the joint
default or a concurrent insolvency, liquidation, or receivership proceeding of the clearing member and any other clearing member
clients of the clearing member; and the
clearing member client holding company
has conducted sufficient legal review to
conclude with a well-founded basis (and
maintains sufficient written documentation
of that legal review) that in the event of a
legal challenge (including one resulting
from default or from liquidation, insolvency, or receivership proceeding) the relevant court and administrative authorities
would find the arrangements to be legal,
valid, binding and enforceable under the
law of the relevant jurisdictions. See the
HC-R-138
definition of QCCP in §.2 of the regulatory
capital rules.
• In column E-4% risk weight, include the
credit equivalent amount of centrally cleared
derivative contracts with QCCPs in all other
cases that do not meet the qualification
criteria for a 2 percent risk weight, as
described in §.2 of the regulatory capital
rules.
• In column G-20% risk weight, include the
credit equivalent amount of centrally cleared
derivative contracts with CCPs and other
counterparties who meet, or that have guarantees or collateral that meets, the criteria
for the 20 percent risk weight category as
described in the instructions for RiskWeighted Assets and for Schedule HC-R,
Part II, items 1 through 8, above.
• In column H-50% risk weight, include the
credit equivalent amount of centrally cleared
derivative contracts with CCPs and other
counterparties who meet, or that have guarantees or collateral that meets, the criteria
for the 50 percent risk weight category as
described in the instructions for RiskWeighted Assets and for Schedule HC-R,
Part II, items 1 through 8, above.
• In column I-100% risk weight, include the
credit equivalent amount of centrally cleared
derivative contracts with CCPs and other
counterparties who meet, or that have guarantees or collateral that meets, the criteria
for the 100 percent risk weight category
asdescribed in the instructions for RiskWeighted Assets and for Schedule HC-R,
Part II, items 1 through 8, above. Also
include the portion of the credit equivalent
amount reported in column B that is not
included in columns C through H and J.
• In column J-150% risk weight, include the
credit equivalent amount of centrally cleared
derivative contracts with CCPs and other
counterparties who meet, or that have guarantees or collateral that meets, the criteria
for the 150 percent risk weight category as
Schedule HC-R
FR Y-9C
March 2020
Schedule HC-R
described in the instructions for RiskWeighted Assets and for Schedule HC-R,
Part II, items 1 through 8, above.
22
Unsettled transactions (failed trades).
Note: This item includes unsettled transactions in the reporting holding company’s
trading book and in its banking book. Report
as unsettled transactions all on- and offbalance sheet transactions involving securities, foreign exchange instruments, and commodities that have a risk of delayed
settlement or delivery, or are already
delayed, and against which the reporting
holding company must hold risk-based capital as described in §.38 of the regulatory
capital rules.
For delivery-versus-payment (DvP) transactions49 and payment-versus-payment (PvP)
transactions,50 report in column A the positive current exposure of those unsettled
transactions with a normal settlement period
in which the reporting holding company’s
counterparty has not made delivery or payment within five business days after the
settlement date, which are the DvP and PvP
transactions subject to risk weighting under
§.38 of the regulatory capital rules. Positive
current exposure is equal to the difference
between the transaction value at the agreed
settlement price and the current market price
of the transaction, if the difference results in
a credit exposure of the holding company to
the counterparty.
For delayed non-DvP/non-PVP transactions,51 also include in column A the current
49. Delivery-versus-payment transaction means a securities or commodities transaction in which the buyer is obligated to make payment only
if the seller has made delivery of the securities or commodities and the
seller is obligated to deliver the securities or commodities only if the buyer
has made payment.
50. Payment-versus-payment transaction means a foreign exchange
transaction in which each counterparty is obligated to make a final transfer
of one or more currencies only if the other counterparty has made a final
transfer of one or more currencies.
51. Non-DvP/non-PvP transaction means any other delayed or unsettled
transaction that does not meet the definition of a delivery-versus-payment
or a payment-versus-payment transaction.
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March 2020
fair value of the deliverables owed to the
holding company by the counterparty in
those transactions with a normal settlement
period in which the reporting holding company has delivered cash, securities, commodities, or currencies to its counterparty,
but has not received its corresponding deliverables, which are the non-DvP/non-PvP
transactions subject to risk weighting under
§.38 of the regulatory capital rules.
Do not include in this item: (1) cleared
transactions that are marked-to-market daily
and subject to daily receipt and payment of
variation margin; (2) repo-style transactions, including unsettled repo-style transactions; (3) one-way cash payments on overthe-counter derivatives; and (4) transactions
with a contractual settlement period that is
longer than the normal settlement period
(generally greater than 5 business days).
• In column C-0% risk weight, include the
fair value of deliverables owed to the holding company by a counterparty that qualifies for a zero percent risk weight under
§.32 of the regulatory capital rules that have
been delayed one to four business days for
non-DvP/non-PvP transactions.
• In column G-20% risk weight, include the
fair value of deliverables owed to the holding company by a counterparty that qualifies for a 20 percent risk weight under §.32
of the regulatory capital rules that have
been delayed one to four business days for
non-DvP/non-PvP transactions.
• In column H-50% risk weight, include the
fair value of deliverables owed to the holding company by a counterparty that qualifies for a 50 percent risk weight under §.32
of the regulatory capital rules that have
been delayed one to four business days for
non-DvP/non-PvP transactions.
• In column I-100% risk weight, include:
o The fair value of deliverables owed to the
holding company by a counterparty that
qualifies for a 100 percent risk weight
under §.32 of the regulatory capital rules
HC-R-139
Schedule HC-R
that have been delayed one to four business days for non-DvP/non-PvP transactions.
o The positive current exposure of DvP and
PvP transactions in which the counterparty has not made delivery or payment
within 5 to 15 business days after the
contractual settlement date.
• In column J-150% risk weight, include the
fair value of deliverables owed to the holding company by a counterparty that qualifies for a 150 percent risk weight under §.32
of the regulatory capital rules that have
been delayed one to four business days for
non-DvP/non-PvP transactions.
• In column O-625% risk weight, the positive
current exposure of DvP and PvP transactions in which the counterparty has not
made delivery or payment within 16 to 30
business days after the contractual settlement date.
• In column P-937.5% risk weight, the positive current exposure of DvP and PvP transactions in which the counterparty has not
made delivery or payment within 31 to 45
business days after the contractual settlement date.
• In column Q-1250% risk weight, include:
o The positive current exposure of DvP and
PvP transactions in which the counterparty has not made delivery or payment
within 46 or more business days after the
contractual settlement date;
o The fair value of the deliverables in NonDvP/non-PvP transactions in which the
holding company has not received deliverables from the counterparty five or
more business days after which the delivery was due.
Totals
23
Total assets, derivatives, off-balance sheet items,
and other items subject to risk weighting by
risk weight category. For each of columns C
through P, report the sum of items 11 through 22.
HC-R-140
For column Q, report the sum of items 10
through 22.
24
Risk weight factor.
25
Risk-weighted assets by risk weight category.
For each of columns C through Q, multiply the
amount in item 23 by the risk weight factor
specified for that column in item 24.
26
Risk-weighted assets base for purposes of calculating the allowance for loan and lease losses,
1.25 percent threshold. Report the sum of:
• Schedule HC-R, Part II:
o Items 2(b) through 20, column S;
o Items 9(a), 9(b), 9(c), 9(d), and 10, columns
T and U; and
o Item 25, columns C through Q
• Schedule HC-R, Part I:
o The portion of item 10(b) composed of
“Investments in the holding company’s own
shares to the extent not excluded as part of
treasury stock,”
o The portion of item 10(b) composed of
‘‘Reciprocal cross-holdings in the capital of
financial institutions in the form of common
stock,’’
o Item 11 (advanced approaches holding companies only)
o Items 13 through 15: items 13.a, 14.a,
and 15.a for non-advanced approaches holding companies and 13 through 16:
items 13.b, 14.b, 15.b, and 16, column B,
for advanced approaches holding companies.
o Item 24, excluding the portion of item 24
composed of tier 2 capital deductions
reported in Part I, item 43, for which the
holding company does not have a sufficient
amount of tier 2 capital before deductions
reported in Part I, item 42.a, to absorb these
deductions, and
o Item 43.
For holding companies that have adopted the
current expected credit losses methodology
Schedule HC-R
FR Y-9C
June 2020
Schedule HC-R
(CECL), the risk-weighted assets base reported in
this item 26 is for purposes of calculating the
adjusted allowances for credit losses (AACL)
1.25 percent threshold.
(1) An intangible asset (including any servicing
asset);
(2) A hedge of a trading position that is outside
the scope of the holding company’s hedging
strategy;
NOTE: Item 27 is applicable only to holding companies
that are subject to the market risk capital rule.
27
(3) Any position that, in form or substance, acts
as a liquidity facility that provides support to
asset-backed commercial paper;
Standardized market risk-weighted assets.
Report the amount of the holding company’s
standardized market risk-weighted assets. This
line item is applicable only to those holding
companies covered by Subpart F of the regulatory
capital rules (i.e., the market risk capital rule), as
provided in §.201 of the regulatory capital rules.
A holding company’s measure for market risk for
its covered positions is the sum of its value-atrisk (VaR)-based, stressed VaR-based, incremental risk, and comprehensive risk capital requirements plus its specific risk add-ons and any
capital requirement for de minimis exposures. A
holding company’s market risk-weighted assets
equal its measure for market risk multiplied by
12.5 (the reciprocal of the minimum 8.0 percent
capital ratio).
(4) A credit derivative recognized as a guarantee
for risk-weighted asset calculation purposes under
the regulatory capital rules for credit risk;
(5) An equity position that is not publicly traded
(other than a derivative that references a publicly
traded equity);
(6) A position held with the intent to securitize;
or
(7) A direct real estate holding.
28
A covered position is a trading asset or trading
liability (whether on- or off-balance sheet), as
reported on Schedule HC-D, that is held for any
of the following reasons:
(1) For the purpose of short-term resale;
For holding companies that have adopted the
current expected credit losses methodology
(CECL), the risk-weighted assets reported in
this item 28 represents the amount of riskweighted assets before deductions for excess
adjusted allowances for credit losses (AACL)
and allocated transfer risk reserve.
(2) With the intent of benefiting from actual or
expected short-term price movements;
(3) To lock in arbitrage profits; or
(4) To hedge another covered position.
Additionally, the trading asset or trading liability
must be free of any restrictive covenants on its
tradability or the holding company must be able
to hedge the material risk elements of the trading
asset or trading liability in a two-way market. A
covered position also includes a foreign exchange
or commodity position, regardless of whether the
position is a trading asset or trading liability
(excluding structural foreign currency positions if
supervisory approval has been granted to exclude
such positions).
A covered position does not include:
FR Y-9C
Schedule HC-R
March 2020
Risk-weighted assets before deductions for
excess allowance for loan and lease losses,
and allocated transfer risk reserve. Report
the sum of items 2(b) through 20, column S;
items 9(a), 9(b), 9(c), 9(d), and 10, columns T
and U; item 25, columns C through Q; and, if
applicable, item 27. (Item 27 is applicable
only to holding companies that are subject to
the market risk capital rule).
29
LESS: Excess allowance for loan and lease
losses. Report the amount, if any, by which
the holding company’s ALLL or AACL, as
applicable for regulatory reporting purposes
exceeds 1.25 percent of the holding company’s risk-weighted assets base reported in
Schedule HC-R, Part II, item 26.
For a holding company that has not adopted
the current expected credit losses methodology (CECL), the holding company’s ALLL
HC-R-141
Schedule HC-R
for regulatory capital purposes equals Schedule HC, item 4(c), “Allowance for loan and
lease losses,” less any allocated transfer risk
reserve included in Schedule HC, item 4(c)
plus Schedule HC-G, item 3, ‘‘Allowance for
credit losses on off-balance sheet credit exposures.’’ If a holding company’s ALLL or
AACL, as applicable for regulatory capital
purposes, as defined in the preceding sentence,
exceeds 1.25 percent of Schedule HC-R, Part
II, item 26, the amount to be reported in this
item equals the holding company’s ALLL or
AACL, as applicable for regulatory capital
purposes less Schedule HC-R, Part I,
item 40(a), “Allowance for loan and lease
losses includable in Tier 2 capital.”
For a holding company that has adopted
CECL, the holding company’s AACL for
regulatory capital purposes equals Schedule H,
Part II, item 7, columns A and B, “Balance end
of current period” for loans and leases held for
investment and held-to-maturity debt securities, respectively; plus Schedule HI-B, Part II,
Memorandum item 6, “Allowance for credit
losses on other financial assets measured at
amortized cost (not included in item 7, above)”;
less Schedule HC-R, Part II, sum of Memorandum items 5(a), 5(b) and 5(c) “Amount of
allowances for credit losses on purchased
credit-deteriorated assets” for loans and leases
held for investment, held-to-maturity debt
securities, and other financial assets measured
at amortized cost, respectively; less any allocated transfer risk reserve included in Schedule HI-B, Part II, item 7, columns A and B,
and Memorandum item 6; plus Schedule HC-G,
item 3, “Allowance for credit losses on offbalance sheet credit exposures.”
For a holding company that has not adopted
CECL, the sum of the amounts reported in
Schedule HC-R Part I, item 40(a), and Schedule HC-R, Part II, item 29, must equal Schedule HC item 4(c) less any allocated transfer
risk reserve included in Schedule HC item 4(c),
plus Schedule HC-G, item 3.
30
LESS: Allocated transfer risk reserve. Report
the entire amount of any allocated transfer risk
HC-R-142
reserve (ATRR) the reporting holding company
is required to establish and maintain as specified
in Section 905(a) of the International Lending
Supervision Act of 1983, in the agency regulations implementing the Act (Subpart D of Federal Reserve Regulation K), and in any guidelines, letters, or instructions issued by the
agencies. The entire amount of the ATRR equals
the ATRR related to loans and leases held for
investment (which is reported in Schedule HI-B,
Part II, Memorandum item 1) plus the ATRR for
assets other than loans and leases held for
investment.
31
Total risk-weighted assets. Report the amount
derived by subtracting items 29 and 30 from
item 28.
Note: Items Memo 1, 2 and 3, columns A, B and C are
to be reported semiannually in June and December by
HCs with less than $5 billion in total assets.
Memoranda
Item No.
Caption and Instructions
M1
Current credit exposure across all derivative contracts covered by the regulatory
capital rules. Report the total current credit
exposure amount when using the Current
Exposure Method (CEM) or replacement cost
amount when using the Standardized
Approach - Counterparty Credit Risk Method
(SA-CCR) after considering qualified master
netting agreement, as defined under the capital rule derivative contracts that are over-thecounter derivative contracts (as defined in §.2
of the regulatory capital rules) and all derivative contracts that are cleared transactions (as
described in §.2 of the regulatory capital
rules) and are covered by §.34, §.35, §.132,
and §.133 of the regulatory capital rules, as
applicable. Holding companies that are subject to the market risk capital rule should
exclude all covered positions subject to that
rule, except for foreign exchange derivatives
that are outside of the trading account. Foreign exchange derivatives that are outside of
the trading account and all over-the-counter
derivatives continue to have a counterparty
credit risk capital charge and, therefore, a
Schedule HC-R
FR Y-9C
March 2020
Schedule HC-R
current credit exposure amount for these
derivatives should be reported in this item.
Include the current credit exposure arising
from credit derivative contracts where the
holding company is the protection purchaser
(beneficiary) and the credit derivative contract is either (a) defined as a covered position under the market risk capital rule or (b)
not defined as a covered position under the
market risk capital rule and is not recognized
as a guarantee for regulatory capital purposes.
As discussed further below, current credit
exposure (sometimes referred to as the
replacement cost) is the fair value of a derivative contract when that fair value is positive.
The current credit exposure is zero when the
fair value is negative or zero.
Exclude the positive fair value of derivative
contracts that are neither over-the-counter
derivative contracts nor derivative contracts
that are cleared transactions under §.2 of the
regulatory capital rules. Such derivative contracts include written option contracts, including so-called “derivative loan commitments,”
i.e., a lender’s commitment to originate a
mortgage loan that will be held for resale.
Written option contracts that are, in substance, financial guarantees, are discussed
below. For “derivative loan commitments,”
which are reported as over-the-counter written option contracts in Schedule HC-L, if the
fair value of such a commitment is positive
and reported as an asset in Schedule HC,
item 11, this positive fair value should be
reported in the appropriate risk-weight category in Schedule HC-R, Part II, item 8, and
not as a component of the current credit
exposure to be reported in this item.
Purchased options held by the reporting holding company that are traded on an exchange
are covered by the regulatory capital rules
unless such options are subject to a daily
variation margin. Variation margin is defined
as the gain or loss on open positions, calculated by marking to market at the end of each
trading day. Such gain or loss is credited or
FR Y-9C
Schedule HC-R
March 2020
debited by the clearing house to each clearing
member’s account, and by members to their
customers’ accounts.
If a written option contract acts as a financial
guarantee that does not meet the definition of
a securitization exposure as described in §.2
of the regulatory capital rules, then for riskbased capital purposes the notional amount
of the option should be included in Schedule
HC-R, Part II, item 17, column A, as part of
‘‘All other off-balance sheet liabilities.’’ An
example of such a contract occurs when the
reporting holding company writes a put option
to a second holding company or a bank that
has a loan to a third party. The strike price
would be the equivalent of the par value of
the loan. If the credit quality of the loan
deteriorates, thereby reducing the value of
the loan to the second holding company or
bank, the reporting holding company would
be required by the second holding company
or bank to take the loan onto its books.
Do not include derivative contracts that meet
the definition of a securitization exposure as
described in §.2 of the regulatory capital
rules; such derivative contracts must be
reported in Schedule HC-R, Part II, item 10.
Current credit exposure, when using CEM, or
replacement cost, when using SA-CCR,
should be derived as follows: Determine
whether a qualifying master netting agreement, as defined in §.2 of the regulatory
capital rules, is in place between the reporting holding company and a counterparty. If
such an agreement is in place, the fair values
of all applicable derivative contracts with
that counterparty that are included in the
netting agreement are netted to a single
amount.
Next, for all other contracts covered by the
regulatory capital rules that have positive fair
values, the total of the positive fair values is
determined. Then, report in this item the sum
of (i) the net positive fair values of applicable
derivative contracts subject to qualifying
master netting agreements and (ii) the total
positive fair values of all other contracts
HC-R-143
Schedule HC-R
covered by the regulatory capital rules for
both over-the-counter and centrally cleared
contracts. The current credit exposure
reported in this item is a component of the
credit equivalent amount of derivative contracts that is to be reported in Schedule
HC-R, items 20 or 21, column B, depending
on whether the contracts are centrally cleared.
M2
Notional principal amounts of over-thecounter derivative contracts. Report in the
appropriate subitem and column the notional
amount or par value of all over-the-counter
derivative contracts, including credit derivatives, that are subject to §.34 or §.132 of the
regulatory capital rules.52 Such contracts
include swaps, forwards, and purchased
options. Do not include over-the-counter
derivative contracts that meet the definition
of a securitization exposure as described in
§.2 of the regulatory capital rules; such
derivative contracts must be reported in
Schedule HC-R, Part II, item 10. Report
notional amounts and par values in the column corresponding to the OTC derivative
contract’s remaining term to maturity from
the report date. Remaining maturities are to
be reported as (1) one year or less in column
A, (2) over one year through five years in
column B, or (3) over five years in column C.
Regardless of whether a holding company
uses the standardized approach for counterparty credit risk (SA-CCR) or the current
exposure methodology (CEM) to calculate
exposure amounts for its derivative contracts,
report in Schedule HC-R, Part II, memorandum items 2.a through 2.g, the notional
amounts of the contracts, as this term is
defined in U.S. generally accepted accounting
principles, unless a derivative contract has a
multiplier component as discussed in the
following paragraph.
The notional amount or par value to be
reported for an OTC derivative contract with
a multiplier component under SA-CCR and
52. See the instructions for Schedule HC-R, Part II, item 20, for the
definition of an OTC derivative contract.
HC-R-144
CEM is the contract’s effective notional
amount or par value. (For example, a swap
contract with a stated notional amount of
$1,000,000 whose terms call for quarterly
settlement of the difference between 5 percent and LIBOR multiplied by 10 has an
effective notional amount of $10,000,000.)
The notional amount to be reported for an
amortizing OTC derivative contract under
SA-CCR and CEM is the contract’s current
(or, if appropriate, effective) notional amount.
This notional amount should be reported in
the column corresponding to the contract’s
remaining term to final maturity.
For descriptions of “interest rate contracts,”
“foreign exchange contracts,” “commodity
and other contracts,” and “equity derivative
contracts,” refer to the instructions for Schedule HC-L, item 12. For a description of
“credit derivative contracts,” refer to the
instructions for Schedule HC-L, item 7.
Exclude from this item the notational amount
of OTC written contracts, including so-called
“derivative loan commitments,” which are
not subject to §.34 of the regulatory capital
rules.
When using SA-CCR, include gold in the
precious metals category for Schedule HC-R,
Part II, Memorandum items 2.f and 3.f and
exclude gold from the foreign exchange rate
category for Schedule HC-R, Part II, Memorandum items 2.b and 3.b.
When using SA-CCR, a holding company
may elect to treat a credit or equity derivative
contract that references an index as if it were
multiple derivative contracts each referencing one component of the index. Thus, under
this election, a holding company would apply
the SA-CCR methodology to each decomposed component of the index instead of
applying the SA-CCR methodology to the
index derivative contract. A holding company must allocate the notional amount in the
same category that it elected for purposes of
applying the regulatory capital rules.
Schedule HC-R
FR Y-9C
June 2021
Schedule HC-R
When using SA-CCR, a holding company
may elect to treat a commodity derivative
contract that references an index as if it were
multiple derivative contracts each referenc-
ing one component of the index. A holding
company must allocate the notional amount
in the same category that it elected for purposes of applying the regulatory capital rules.
2(a) and
3(a)
Interest rate. Report the remaining maturities of interest rate contracts that are
subject to the regulatory capital rules.
2(b) and
3(b)
Foreign exchange rate and gold. Report the remaining maturities of foreign
exchange contracts and the remaining maturities of gold contracts that are subject to the regulatory capital
rules.
2(c) and
3(c)
Credit (investment grade reference asset). Report the remaining maturities of
those credit derivative contracts where the reference entity meets the definition of investment grade as
described in §.2 of the regulatory capital rules.
2(d) and
3(d)
2(d)Credit (non-investment grade reference asset). Report the remaining maturities of
those credit derivative contracts where the reference entity does not meet the definition of investment grade
as described in §.2 of the regulatory capital rules.
2(e) and
3(e)
Equity. Report the remaining maturities of equity derivative contracts that are
subject to the regulatory capital rules.
2(f) and
3(f)
Precious metals (except gold). Report the remaining maturities of other precious
metals contracts that are subject to the regulatory capital rules. Report all silver, platinum, and palladium
contracts.
2(g) and
3(g)
Other. Report the remaining maturities of other derivative contracts that are subject
to the regulatory capital rules. For contracts with multiple exchanges of principal, notional amount is
determined by multiplying the contractual amount by the number of remaining payments (i.e., exchanges of
principal) in the derivative contract.
M3
Notional principal amounts of centrally
cleared derivative contracts. Report in the
appropriate subitem and column the notional
amount or par value of all derivative contracts, including credit derivatives, that are
cleared transactions (as described in §.2 of
the regulatory capital rules) and are subject to
§.35 of the regulatory capital rules.53 Such
centrally cleared derivative contracts include
swaps, forwards, and purchased options. Do
not include centrally cleared derivative contracts that meet the definition of a securitization exposure as described in §.2 or §1.33 of
the regulatory capital rules; such derivative
contracts must be reported in Schedule HC-R,
53. See the instructions for Schedule HC-R, Part II, item 21, for the
description of a centrally cleared derivative contract.
FR Y-9C
Schedule HC-R
June 2021
Part II, item 10. Report notional amounts and
par values in the column corresponding to the
centrally cleared derivative contract’s remaining term to maturity from the report date.
Remaining maturities are to be reported as
(1) one year or less in column A, (2) over one
year through five years in column B, or (3)
over five years in column C.
Regardless of whether a holding company
uses the standardized approach for counterparty credit risk (SA-CCR) or the current
exposure methodology (CEM) to calculate
exposure amounts for its derivative contracts,
report in Schedule HCR, Part II, Memorandum items 3.a through 3.g, the notional
amounts of the contracts, as this term is
defined in U.S. generally accepted accounting
principles, unless a derivative contract has a
HC-R-145
Schedule HC-R
multiplier component as discussed in the
following paragraph.
time until the next exchange of variation
margin on the contract.
The notional amount or par value to be
reported under SA-CCR and CEM for a
centrally cleared derivative contract with a
multiplier component is the contract’s effective notional amount or par value. (For example, a swap contract with a stated notional
amount of $1,000,000 whose terms call for
quarterly settlement of the difference between
5 percent and LIBOR multiplied by 10 has an
effective notional amount of $10,000,000.)
However, if the holding company elects to
treat such a settled-to-market cleared derivative as a collateralized-to-market cleared
derivative, the remaining maturity of the
derivative should be determined as E – S,
where E is the number of business days from
the present day (i.e., the report date) until the
end date of the derivative contract and S is
the number of business days from the present
day until the start date of the derivative
contract.
The notional amount to be reported under
SA-CCR and CEM for an amortizing derivative contract is the contract’s current (or, if
appropriate, effective) notional amount. This
notional amount should be reported in the
column corresponding to the contract’s
remaining term to final maturity.
For purposes of reporting remaining maturities in Schedule HC-R, Part II, memorandum
3.a through 3.g, settled-to-market cleared
derivatives should be treated in the following
manner: When a holding company uses CEM
for risk-based capital purposes, if a cleared
derivative contract meets the settled-tomarket cleared derivative criteria in the banking agencies’ August 2017 supervisory guidance on the regulatory capital treatment of
certain centrally cleared derivative contracts,54 the remaining maturity equals the
time until the next exchange of variation
margin on the contract.
When a holding company uses SA-CCR, if a
cleared derivative contract meets the settledto-market cleared derivative criteria in the
banking agencies’ August 2017 supervisory
guidance on the regulatory capital treatment
of certain centrally cleared derivative contracts,55 the remaining maturity equals the
54. For information on the settled-to-market cleared derivative criteria
that are to be met, refer also to the discussion of ”Treatment of Certain
Centrally Cleared Derivative Contracts” in the General Instructions for
Schedule HC-R, Part II.
55. See footnote 46.
HC-R-146
For descriptions of “interest rate contracts,”
“foreign exchange contracts,” “commodity
and other contracts,” and “equity derivative
contracts,” refer to the instructions for Schedule HC-L, item 12. For a description of
“credit derivative contracts,” refer to the
instructions for Schedule HC-L, item 7.
When using SA-CCR, include gold in the
precious metals category for Schedule HC-R,
Part II, memorandum item 3.f and exclude
gold from the foreign exchange rate category
for Schedule HC-R, Part II, memorandum
item 3.b.
When using SA-CCR, a holding company
may elect to treat a credit or equity derivative
contract that references an index as if it were
multiple derivative contracts each referencing one component of the index. Thus, under
this election, a holding company would apply
the SA-CCR methodology to each decomposed component of the index instead of
applying the SACCR methodology to the
index derivative contract. A holding company must allocate the notional amount in the
same category that it elected for purposes of
applying the regulatory capital rules.
When using SA-CCR, a holding company
may elect to treat a commodity derivative
contract that references an index as if it were
multiple derivative contracts each referencing one component of the index. A holding
company must allocate the notional amount
in the same category that it elected for purposes of applying the regulatory capital rules.
Schedule HC-R
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Schedule HC-R
M4
Standardized market risk-weighted assets
attributable to specific risk (included in
Schedule HC-R, item 27).
ASU 2016-13 requires holding companies to
estimate and record a credit loss allowance for
a PCD asset at the time of purchase. The credit
loss allowance is then added to the purchase
price to determine the amortized cost basis of
the asset for financial reporting purposes.
Post-acquisition increases in credit loss allowances on PCD assets will be established
through a charge to earnings. This accounting
treatment for PCD assets is different from the
current treatment of PCI assets, for which
institutions are not permitted to estimate and
recognize credit loss allowances at the time of
purchase. Rather, in general, credit loss allowances for PCI assets are estimated subsequent
to the purchase only if there is deterioration in
the expected cash flows from the assets.
NOTE: Memorandum item 4 is applicable
only to holding companies that are subject to
the market risk capital rule.
Report the amount of the holding company’s
market risk-weighted assets attributable to
specific risk, included in Schedule HC-R,
Part II, item 26, “Standardized measurement
of market risk-weighted assets (applicable to
all holding companies that are covered by the
Market Risk Rule).” Specific risk refers to
changes in the market value of specific positions due to factors other than broad market
movements and includes event and default
risk. For further background information, holding companies should refer to the discussion
of ‘‘Holding companies that are subject to the
market risk capital rules’’ in the RiskWeighted Assets section of these instructions,
the line item instructions for Schedule HC-R,
Part II, item 27, and the regulatory capital
rules for specific instructions on the calculation of the measure of market risk.
M5
Amounts of allowances for credit losses on
purchased credit-deteriorated assets: ASU
2016-13 introduces the concept of purchased
credit-deteriorated (PCD) assets as a replacement for purchased credit-impaired (PCI)
assets. The PCD asset definition covers a
broader range of assets than the PCI asset
definition. As defined in ASU 2016-13, “purchased credit-deteriorated assets” are acquired
individual financial assets (or acquired groups
of financial assets with similar risk characteristics) accounted for in accordance with ASC
Topic 326, Financial Instruments—Credit
Losses, that, as of the date of acquisition, have
experienced a more-than-insignificant deterioration in credit quality since origination, as
determined by the acquiring institution’s
assessment.
FR Y-9C
Schedule HC-R
March 2019
NOTE: Memorandum items 5(a) through 5(c)
should be completed only by holding companies that have adopted FASB Accounting
Standards Update No. 2016-13 (ASU 201613), which governs the accounting for credit
losses. Institutions that have not adopted
ASU 2016-13 should leave Memorandum
items 5(a) through 5(c) blank.
5a
Amounts of allowances for credit losses on
purchased credit-deteriorated assets: Loans
and leases held for investment. Report all
allowances for credit losses on PCD loans and
leases.
5b
Amounts of allowances for credit losses on
purchased credit-deteriorated assets: Heldto-maturity debt securities. Report all allowances for credit losses on PCD HTM debt
securities.
5c
Amounts of allowances for credit losses on
purchased credit-deteriorated assets: Other
financial assets measured at amortized cost.
Report all allowances for credit losses on all
other PCD assets, excluding PCD loans, leases,
HTM debt securities, and AFS debt securities.
HC-R-147
LINE ITEM INSTRUCTIONS FOR
Servicing, Securitization,
and Asset Sale Activities
Schedule HC-S
General Instructions
Schedule HC-S should be completed on a fully consolidated basis by holding companies with $5 billion or
more in total assets. Schedule HC-S includes information
on 1–4 family residential mortgages and other financial
assets serviced for others (in Memorandum items 2(a),
2(b), and 2(c)). Schedule HC-S also includes information
on assets that have been securitized or sold and are not
reportable on the balance sheet (Schedule HC), except
for credit-enhancing interest-only strips (which are
reported in item 2 of this schedule), subordinated securities and other enhancements (which are reported in
items 2 and 9, and Memorandum items 3(a)(1) and
(2)), and seller’s interests (which are reported in item 6).
Column Instructions
Column A, 1–4 Family Residential Loans: 1–4 family residential loans are permanent closed-end loans
secured by first or junior liens on 1–to–4 family residential properties as defined for Schedule HC-C,
items 1(c)(2)(a) and 1(c)(2)(b).
Column B, Home Equity Lines: Home equity lines
are revolving, open-end lines of credit secured by1– to–4
family residential properties as defined for Schedule HC-C, item 1(c)(1).
Column C, Credit Card Receivables: Credit card
receivables are extensions of credit to individuals for
household, family, and other personal expenditures arising from credit cards as defined for Schedule HC-C,
item 6(a).
Column D, Auto Loans: Auto loans are loans to
individuals for the purpose of purchasing private passenger vehicles, including minivans, vans, sport-utility vehicles, pickup trucks, and similar light trucks for personal
use, as defined for Schedule HC-C, item 6(c).
FR Y-9C
Schedule HC-S December 2019
Column E, Other Consumer Loans: Other consumer
loans are loans to individuals for household, family,
and other personal expenditures as defined for Schedule HC-C, items 6(b) and 6(d).
Column F, Commercial and Industrial Loans: Commercial and industrial loans are loans for commercial and
industrial purposes to sole proprietorships, partnerships,
corporations, and other business enterprises, whether
secured (other than by real estate) or unsecured, singlepayment or installment, as defined for Schedule HC-C,
item 4.
Column G, All Other Loans, All Leases, and All Other
Assets: All other loans are loans that cannot properly
be reported in Columns A through F of this schedule as
defined for Schedule HC-C, items 1(a), 1(b), 1(d), 1(e), 2,
3, 7 and 9. All leases are all lease financing receivables as
defined for Schedule HC-C, item 10. All other assets are
all assets other than loans and leases, e.g., securities.
For purposes of items 1 through 10 of Schedule HC-S on
bank securitization activities and other securitization
facilities, information about each separate securitization
should be included in only one of the columns of this
schedule. The appropriate column for a particular securitization should be based on the predominant type of loan,
lease, or other asset included in the securitization and this
column should be used consistently over time. For example, a securitization may include auto loans to individuals
and to business enterprises. If these auto loans are
predominantly loans to individuals, all of the requested
information about this securitization should be included
in Column D, Auto Loans.
Definitions
For purposes of this schedule, the following definitions
of terms are applicable.
HC-S-1
Schedule HC-S
Recourse or other seller-provided credit enhancement
means an arrangement in which the reporting institution
retains, in form or in substance, any risk of credit loss
directly or indirectly associated with a transferred (sold)
asset that exceeds its pro rata claim on the asset. It
also includes a representation or warranty extended by
the reporting institution when it transfers an asset, or
assumed by the institution when it services a transferred
asset, that obligates the institution to absorb credit losses
on the transferred asset. Such an arrangement typically
exists when the institution transfers assets and agrees to
protect purchasers or some other party, e.g., investors in
securitized assets, from losses due to default by or
nonperformance of the obligor on the transferred assets
or some other party. The reporting institution provides
this protection by retaining:
(1) an interest in the transferred assets, e.g., creditenhancing interest-only strips, “spread” accounts,
subordinated interests or securities, collateral invested
amounts, and cash collateral accounts, that absorbs
losses, or
(2) an obligation to repurchase the transferred assets
in the event of a default of principal or interest on the
transferred assets or any other deficiency in the performance of the underlying obligor or some other party.
Credit-enhancing interest-only strip, as defined in the
regulatory capital standards, means an on-balance sheet
asset that, in form or in substance: (i) represents the
contractual right to receive some or all of the interest due
on transferred assets; and (ii) exposes the holding company to credit risk directly or indirectly associated with
the transferred assets that exceeds a pro rata share of the
holding company’s claim on the assets, whether through
subordination provisions or other credit enhancement
techniques. Credit-enhancing interest-only strips include
other similar “spread” assets and can be either retained or
purchased.
Subordinated interests and subordinated securities
retained by the institution when it securitizes assets
expose the institution to more than its pro rata share of
loss and thus are considered a form of credit enhancement to the securitization structure.
Liquidity facility means any arrangement, including servicer cash advances, in which the reporting institution is
obligated to provide funding to a securitization structure
to ensure investors of timely payments on issued securiHC-S-2
ties, e.g., by smoothing timing differences in the receipt
of interest and principal payments on the underlying
securitized assets, or to ensure investors of payments in
the event of market disruptions. Advances under such a
facility are typically reimbursed from subsequent collections by the securitization structure and are not subordinated to other claims on the cash flows from the
underlying assets and, therefore, should generally not be
construed to be a form of credit enhancement. However,
if the advances under such a facility are subordinated to
other claims on the cash flows, the facility should be
treated as a credit enhancement for purposes of this
schedule.
Seller’s interest means the reporting institution’s ownership interest in loans that have been securitized, except an
interest that is a form of recourse or other seller-provided
credit enhancement. Seller’s interests should be reported
on Schedule HC—Balance Sheet—as securities or as
loans depending on the form in which the interest is held.
However, seller’s interests differ from the securities
issued to investors by the securitization structure. The
principal amount of a seller’s interest is generally equal
to the total principal amount of the pool of assets
included in the securitization structure less the principal
amount of those assets attributable to investors, i.e., in
the form of securities issued to investors.
Bank Securitization Activities
A holding company should report information in Schedule HC-S, items 1 through 6, only for those securitizations for which the transferred assets qualify for sale
accounting or are otherwise not carried as assets on the
holding company’s consolidated balance sheet.
Line Item Instructions
Securitization Activities
Line Item 1 Outstanding principal balance of
assets sold and securitized with servicing retained
or with recourse or other seller-provided credit
enhancements.
Report in the appropriate column the principal balance
outstanding as of the report date of loans, leases, and
other assets, which the reporting institution has sold and
securitized while:
(1) retaining the right to service these assets, or
Schedule HC-S
FR Y-9C
June 2018
Schedule HC-S
(2) when servicing has not been retained, retaining
recourse or providing other seller-provided credit
enhancements to the securitization structure.
Include in column C the amount outstanding of any credit
card fees and finance charges that the reporting holding
company has securitized and sold in connection with its
securitization and sale of credit card receivable balances.
Include the principal balance outstanding of loans the
reporting holding company has (1) pooled into securities
that have been guaranteed by the Government National
Mortgage Association (Ginnie Mae) and (2) sold with
servicing rights retained.
Include small business obligations transferred with
recourse under Section 208 of the Riegle Community
Development and Regulatory Improvement Act of 1994
that the reporting holding company has securitized and
sold.
Exclude the principal balance of loans underlying seller’s
interests owned by the reporting institution; report the
amount of seller’s interests in Schedule HC-S, item 6.
Do not report in this item the outstanding balance of 1–4
family residential mortgages sold to the Federal National
Mortgage Association (Fannie Mae) or the Federal Home
Loan Mortgage Corporation (Freddie Mac) that the
government-sponsored agency in turn securitizes. Do not
report in this item the outstanding balance of 1–4 family
residential mortgages sold to a Federal Home Loan Bank
(FHLB) through a Mortgage Partnership Finance Program that the FHLB in turn securitizes. Report 1–4
family residential mortgages sold to Fannie Mae, Freddie Mac, or FHLB with recourse or other seller-provided
credit enhancements in Schedule HC-S, item 11, column A, and report the maximum credit exposure arising
from the enhancements in item 12, column A. If servicing has been retained on the 1–4 family residential
mortgages sold to Fannie Mae, Freddie Mac, or FHLB,
report the outstanding principal balance of the mortgages
in Schedule HC-S, Memorandum item 2(a) or 2(b)
depending on whether the servicing is performed with
or without recourse or other servicer-provided credit
enhancements. If the reporting institution has both retained
the servicing and provided credit enhancements, report
the principal balance of the 1–4 family residential mortgages in Schedule HC-S, item 11, column A, and in
Memorandum item 2(a).
FR Y-9C
Schedule HC-S
June 2021
Exclude securitizations that have been accounted for as
secured borrowings because the transactions do not meet
the criteria for sale accounting under generally accepted
accounting principles. The securitized loans, leases, and
other assets should continue to be carried as assets on the
reporting institution’s balance sheet.
Line Item 2 Maximum amount of credit exposure
arising from recourse or other seller-provided credit
enhancements provided to structures reported in
item 1.
Report in the appropriate column the maximum contractual credit exposure remaining as of the report date under
recourse arrangements and other seller-provided credit
enhancements provided by the reporting institution to
securitization structures reported in Schedule HC-S,
item 1, above.
Report the total of:
(1) The carrying value of credit-enhancing interest-only
strips included as securities in Schedule HC-B, as
other assets in Schedule HC-F, or as trading assets in
Schedule HC, item 5, that the reporting holding
company has retained as credit enhancements in
connection with the securitization structures reported
in Schedule HC-S, item 1, above.
(2) The carrying value of subordinated securities and
other residual interests carried as on-balance sheet
assets that the reporting holding company has retained
in connection with the securitization structures
reported in Schedule HC-S, item 1, above.
(3) The unused portion of standby letters of credit and
the maximum contractual amount of recourse or
other credit exposure not in the form of an on-balance
sheet asset that the reporting holding company has
provided or retained in connection with the securitization structures reported in Schedule HC-S, item 1,
above. Include the maximum contractual amount of
recourse the bank has retained on the small business
obligations transferred with recourse that the reporting holding company has securitized and sold, the
outstanding principal balance of which was reported
in Schedule HC-S, item 1, above.
Do not report as the remaining maximum contractual
exposure a reasonable estimate of the probable loss under
the recourse arrangements or credit enhancement provisions or the fair value of any liability incurred under such
HC-S-3
Schedule HC-S
provisions. Furthermore, do not reduce the remaining
maximum contractual exposure by the amount of any
associated recourse liability account. Report exposure
amounts gross rather than net of any tax effects, e.g., any
associated deferred tax liability.
Do not include unused portions of commitments that
function as liquidity facilities (report such unused commitments in Schedule HC-S, item 3).
Note: Item 3 is to be completed by holding companies
with $100 billion or more in total assets.
Line Item 3 Reporting institution’s unused
commitments to provide liquidity to structures
reported in item 1.
Report in the appropriate column the unused portions of
commitments provided by the reporting institution to the
securitization structures reported in Schedule HC-S,
item 1, above that function as liquidity facilities.
Line Item 4 Past due loan amounts included in
item 1.
Report in the appropriate subitem the outstanding principal balance of loans, leases, and other assets reported in
Schedule HC-S, item 1, above that are 30 days or more
past due as of the report date. For purposes of determining whether a loan, lease, or other asset reported in item 1
above is past due, the reporting criteria to be used are the
same as those for columns A and B of Schedule HC-N.
Line Item 4(a) 30–89 days past due.
Report in the appropriate column the outstanding principal balance of loans, leases, and other assets reported in
Schedule HC-S, item 1, above that are 30 to 89 days past
due as of the report date.
Line Item 4(b) 90 days or more past due.
Report in the appropriate column the outstanding principal balance of loans, leases, and other assets reported in
Schedule HC-S, item 1, above that are 90 days or more
past due as of the report date.
Line Item 5 Charge-offs and recoveries on assets
sold and securitized with servicing retained or with
recourse or other seller-provided credit
enhancements (calendar year-to-date).
Report in the appropriate subitem the amount of chargeoffs and recoveries during the calendar year to date on
HC-S-4
loans, leases, and other assets that have been sold and
securitized in the securitization structures reported in
Schedule HC-S, item 1. If a securitization is no longer
outstanding as of the report date, i.e., no amount is
reported for the securitization in Schedule HC-S, item 1,
do not report any year-to-date charge-offs and recoveries
for the securitization in Schedule HC-S, items 5(a) and
5(b).
Line Item 5(a) Charge-offs.
Report in the appropriate column the amount of loans,
leases, and other assets that have been sold and securitized by the reporting institution in the securitization
structures reported in Schedule HC-S, item 1, above that
have been charged off or otherwise designated as losses
by the trustees of the securitizations, or other designated
parties, during the calendar year-to-date.
Include in column C charge-offs or reversals of uncollectible credit card fees and finance charges that had been
capitalized into the credit card receivable balances that
have been securitized or sold.
Line Item 5(b) Recoveries.
Report in the appropriate column the amount of recoveries of previously charged-off loans, leases, and other
assets in the securitization structures reported in Schedule HC-S, item 1, above during the calendar year-to-date.
Include in column C recoveries of previously charged-off
or reversed credit card fees and finance charges that had
been capitalized into the credit card receivable balances
that had been securitized and sold.
Note: Item 6 is to be completed by holding companies
with $10 billion or more in total assets.
Line Item 6 Amount of ownership (or seller’s)
interests carried as securities or loans.
Report in the appropriate column the carrying value of
the reporting institution’s ownership (or seller’s) interests
associated with the securitization structures reported in
Schedule HC-S, item 1, above. Ownership (or seller’s)
interests may be in the form of securities or loans.
Schedule HC-S
FR Y-9C
June 2018
Schedule HC-S
Line Item 7–8
Not applicable.
For Securitization Facilities Sponsored
By or Otherwise Established By Other
Institutions
Line Item 9 Maximum amount of credit exposure
arising from credit enhancements provided by the
reporting institution to other institutions’
securitization structures in the form of standby
letters of credit, purchased subordinated securities,
and other enhancements.
Report in the appropriate column the maximum contractual credit exposure remaining as of the report date under
credit enhancements provided by the reporting institution
to securitization structures sponsored by or otherwise
established by other institutions or entities, i.e., securitizations not reported in Schedule HC-S, item 1, above.
Report the unused portion of standby letters of credit, the
carrying value of purchased subordinated securities and
purchased credit-enhancing interest-only strips, and the
maximum contractual amount of credit exposure arising
from other on- and off-balance sheet credit enhancements
that provide credit support to these securitization structures. Do not report as the remaining maximum contractual exposure a reasonable estimate of the probable loss
under credit enhancement provisions or the fair value of
any liability incurred under such provisions. Furthermore, do not reduce the remaining maximum contractual
exposure by the amount of any associated recourse
liability account. Report exposure amounts gross rather
than net of any tax effects, e.g., any associated deferred
tax liability.
Exclude the amount of credit exposure arising from
loans, leases, and other assets that the reporting institution has sold with recourse or other seller-provided credit
enhancements to other institutions or entities, which then
securitized the loans, leases, and other assets purchased
from the reporting institution (report this exposure in
Schedule HC-S, item 12, below). Also exclude the
amount of credit exposure arising from credit enhancements provided to asset-backed commercial paper conduits (report this exposure in Schedule HC-S, Memorandum item 3(a)).
Note: Item 10 is to be completed by holding companies with $10 billion or more in total assets.
FR Y-9C
Schedule HC-S
June 2018
Line Item 10 Reporting institution’s unused
commitments to provide liquidity to other
institutions’ securitization structures.
Report in the appropriate column the unused portions of
commitments provided by the reporting bank that function as liquidity facilities to securitization structures
sponsored by or otherwise established by other institutions or entities, i.e., securitizations not reported in
Schedule HC-S, item 1, above. Exclude the amount of
unused commitments to provide liquidity to asset-backed
commercial paper conduits (report this amount in Schedule HC-S, Memorandum item 3(b)).
Asset Sales
Line Item 11 Assets sold with recourse or other
seller-provided credit enhancements and not
securitized.
Report in the appropriate column the unpaid principal
balance as of the report date of loans, leases, and other
assets, which the reporting institution has sold with
recourse or other seller-provided credit enhancements,
but which were not securitized by the reporting institution. Include loans, leases, and other assets that the
reporting institution has sold with recourse or other
seller-provided credit enhancements to other institutions
or entities, whether or not the purchaser has securitized
the loans and leases purchased from the reporting institution. Include 1−4 family residential mortgages that the
reporting institution has sold to the Federal National
Mortgage Association (Fannie Mae) or the Federal Home
Loan Mortgage Corporation (Freddie Mac) with recourse
or other seller-provided credit enhancements.
Include small business obligations transferred with
recourse under Section 208 of the Riegle Community
Development and Regulatory Improvement Act of 1994,
which the reporting holding company has sold, but which
were not securitized by the reporting holding company.
Line Item 12 Maximum amount of credit exposure
arising from recourse or other seller-provided credit
enhancements provided to assets reported in
item 11.
Report in the appropriate column the maximum contractual credit exposure remaining as of the report date under
recourse arrangements or other seller-provided credit
enhancements provided by the reporting institution in
connection with its sales of the loans, leases, and other
HC-S-5
Schedule HC-S
assets reported in Schedule HC-S, item 11, above. Report
the unused portion of standby letters of credit, the
carrying value of retained interests, and the maximum
contractual amount of recourse or other credit exposure
arising from other on- and off-balance sheet credit
enhancements that the reporting institution has provided.
Do not report as the remaining maximum contractual
exposure a reasonable estimate of the probable loss under
the recourse arrangements or credit enhancement provisions or the fair value of any liability incurred under such
provisions. Furthermore, do not reduce the remaining
maximum contractual exposure by the amount of any
associated recourse liability account. Report exposure
amounts gross rather than net of any tax effects, e.g., any
associated deferred tax liability.
Include the maximum contractual amount of recourse the
holding company has retained on small business obligations transferred with recourse that the reporting holding
company has sold, but not securitized, the unpaid principal balance of which was reported in Schedule HC-S,
item 11, above.
Memoranda
Line Item M1
Not applicable.
Line Item M2 Outstanding principal balance of
assets serviced for others.
Report in the appropriate subitem the outstanding principal balance of loans and other financial assets the reporting institution services for others, regardless of whether
the servicing involves whole loans and other financial
assets or only portions thereof, as is typically the case
with loan participations. A holding company should
report the outstanding principal balance of assets for
which it is the contractual servicer of record without
regard to any subservicing agreements applicable to the
assets. Include (1) the principal balance of loans and
other financial assets owned by others for which the
reporting institution has purchased the servicing (i.e.,
purchased servicing) and (2) the principal balance of
loans and other financial assets that the reporting institution has either originated or purchased and subsequently
sold, whether or not securitized, but for which it has
retained the servicing duties and responsibilities (i.e.,
retained servicing). If the reporting institution services a
portion of a loan or other financial asset for one or more
other parties and owns the remaining portion of the loan
HC-S-6
or other financial asset, report only the principal balance
of the portion of the asset serviced for others.
NOTE: After the effective date of ASC Topic 860,
Transfers and Servicing, and ASC Subtopic 810-10,
Consolidation – Overall, resulting from Accounting Standards Update (ASU) No. 2009-16 (formerly FASB Statement No. 166, Accounting for Transfers of Financial
Assets) and ASU No. 2009-17 (formerly FASB Statement No. 167, Amendments to FASB Interpretation No.
46(R)), respectively, a holding company should report in
Memorandum items 2(a) through 2(d) retained servicing
only for those transferred assets or portions of transferred
assets properly reported as sold in accordance with
applicable generally accepted accounting principles as
well as purchased servicing.
Line Item M2(a) Closed-end 1–4 family residential
mortgages serviced with recourse or other
servicer-provided credit enhancements.
Report the outstanding principal balance of closed-end
1-to-4 family residential mortgage loans (as defined for
Schedule HC-C, item 1(c)(2)) that the reporting institution services for others under servicing arrangements in
which the reporting institution also provides recourse
or other servicer-provided credit enhancements. Include
closed-end 1–to–4 family residential mortgages serviced
under regular option contracts (i.e., with recourse) with
the Federal National Mortgage Association, serviced
with recourse for the Federal Home Loan Mortgage
Corporation, and serviced with recourse under other
servicing contracts.
Line Item M2(b) Closed-end 1–4 family residential
mortgages serviced with no recourse or other
servicer-provided credit enhancements.
Report the outstanding principal balance of closed-end
1-to-4 family residential mortgage loans (as defined for
Schedule HC-C, item 1(c)(2)) that the reporting institution services for others under servicing arrangements in
which the reporting institution does not provide recourse
or other servicer-provided credit enhancements.
Line Item M2(c)
Other financial assets.
Memorandum item 2(c) is to be completed if the principal
balance of loans and other financial assets serviced for
others is more than $10 million. Report the outstanding
principal balance of loans and other financial assets,
other than closed-end 1-to-4 family residential mortgage
Schedule HC-S
FR Y-9C
June 2018
Schedule HC-S
loans, that the reporting institution services for others.
These serviced financial assets may include, but are not
limited to, home equity lines, credit cards, automobile
loans, and loans guaranteed by the Small Business
Administration.
Line Item M2(d) 1–4 family residential mortgages
serviced for others that are in process of foreclosure
at quarter-end.
Report the total unpaid principal balance of loans secured
by 1-4 family residential properties (as defined for Schedule HC-C, item 1(c)) serviced for others for which formal
foreclosure proceedings to seize the real estate collateral
have started and are ongoing as of quarter-end, regardless
of the date the foreclosure procedure was initiated. Loans
should be classified as in process of foreclosure according to the investor’s or local requirements. Include loans
where the servicing has been suspended in accordance
with any of the investor’s foreclosure requirements. If a
loan is already in process of foreclosure and the mortgagor files a bankruptcy petition, the loan should continue to be reported as in process of foreclosure until the
bankruptcy is resolved. Exclude loans where the foreclosure process has been completed to the extent that (a) the
investor has acquired title to the real estate, an entitling
certificate, title subject to redemption, or title awaiting
transfer to the Federal Housing Administration or the
Veterans Administration or (b) the bank reports the real
estate as “Other real estate owned” in Schedule HC,
item 7.
This item should include both closed-end and open-end
1-4 family residential mortgage loans that are in process
of foreclosure. The closed-end 1-4 family residential
mortgage loans serviced for others that are in process of
foreclosure and reported in this item will have also been
included in Schedule HC-S, Memorandum items 2(a) and
2(b). The open-end 1-4 family residential mortgage loans
serviced for others that are in process of foreclosure and
reported in this item will also have been included in
Schedule HC-S, Memorandum item 2(c), if the principal
balance of such open-end mortgages and other financial
assets serviced for others is more than $10 million.
NOTE: Memorandum items 3.a.(1) through 3.b.(2)
are to be completed by holding companies with
$10 billion or more in total assets.
FR Y-9C
Schedule HC-S
June 2018
Line Item M3
conduits:
Asset-backed commercial paper
Report the requested information on credit enhancements
and liquidity facilities provided to asset-backed commercial paper conduits in memorandum items 3(a) and 3(b),
respectively, regardless of whether the reporting holding
company must consolidate the conduit for reporting
purposes in accordance with ASC Topic 810-10, Consolidation – Overall (formerly FASB Statement No. 167,
Amendments to FASB Interpretation No. 46(R)).
Line Item M3(a) Maximum amount of credit
exposure arising from credit enhancements
provided to conduit structures in the form of
standby letters of credit, subordinated securities,
and other enhancements.
Report in the appropriate subitem the maximum contractual credit exposure remaining as of the report date under
standby letters of credit, subordinated securities, and
other credit enhancements provided by the reporting
institution to asset-backed commercial paper conduit
structures. Do not report in these subitems a reasonable
estimate of the probable loss under the credit enhancement provisions or the fair value of any liability incurred
under such provisions.
Line Item M3(a)(1) Conduits sponsored by the bank,
a bank affiliate, or the holding company.
Report the unused portion of standby letters of credit, the
carrying value of subordinated securities, and the maximum contractual amount of credit exposure arising from
other credit enhancements that the reporting institution
has provided to asset-backed commercial paper conduit
structures sponsored by the reporting institution’s bank(s),
an affiliate of the bank or holding company, or the
reporting holding company.
Line Item M3(a)(2) Conduits sponsored by other
unrelated institutions.
Report the unused portion of standby letters of credit, the
carrying value of subordinated securities, and the maximum contractual amount of credit exposure arising from
other credit enhancements that the reporting institution
has provided to asset-backed commercial paper conduit
structures other than those sponsored by the reporting
institution’s bank(s), an affiliate of the bank or holding company, or the reporting holding company.
HC-S-7
Schedule HC-S
Line Item M3(b) Unused commitments to provide
liquidity to conduit structures.
Report in the appropriate subitem the unused portions of
commitments provided by the reporting institution that
function as liquidity facilities to asset-backed commercial paper conduit structures. Typically, these facilities
take the form of a Backstop Line (Loan Agreement) or an
Asset Purchase Agreement. Under a backstop line, the
reporting institution advances funds to the conduit when
a draw is required under the liquidity facility. The
advance is secured by the cash flow of the underlying
asset pools. Under an asset purchase agreement, the
reporting institution purchases a specific pool of assets
from the conduit when a draw is required under the
liquidity facility. Typically, the reporting institution is
repaid from the cash flow on the purchased assets or from
the sale of the purchased pool of assets.
Line Item M3(b)(1) Conduits sponsored by the
bank, a bank affiliate, or the holding company.
Report the unused portions of commitments provided by
the reporting institution that function as liquidity facilities to asset-backed commercial paper conduit structures
sponsored by the reporting institution’s bank(s), an affiliate of the bank or holding company, or the reporting
holding company.
Line Item M3(b)(2) Conduits sponsored by other
unrelated institutions.
Report the unused portions of commitments provided by
the reporting institution that function as liquidity facilities to asset-backed commercial paper conduit structures
other than those sponsored by the reporting institution’s
bank(s), an affiliate of the bank or holding company, or
the reporting holding company.
HC-S-8
Line Item M4 Outstanding credit card fees and
finance charges.
Note: Memorandum item 4 is to be completed only by
those holding companies with $10 billion or more in total
assets that: 1) together with affıliated institutions, have
outstanding credit card receivables that exceed $500 million as of the report date or (2) holding companies that
on a consolidated basis are credit card specialty holding
companies.
Outstanding credit card receivables are the sum of:
(a) Schedule HC-C, item 6(a), column A;
(b) Schedule HC-S, item 1, column C; and
(c) Schedule HC-S, item 6, column C.
Credit card specialty holding companies are defined as
those holding companies that on a consolidated basis
exceed 50 percent for the following two criteria:
(a) the sum of credit card loans (Schedule HC-C,
item 6(a), column A) plus securitized and sold
credit card receivables (Schedule HC-S, item 1,
column C) divided by the sum of total loans
(Schedule HC-C, item 12, column A) plus securitized and sold credit card receivables (Schedule
HC-S, item 1, column C); and
(b) the sum of total loans (Schedule HC-C, item 12,
column A) plus securitized and sold credit card
receivables (Schedule HC-S, item 1, column C)
divided by the sum of total assets (Schedule HC,
item 12) plus securitized and sold credit card
receivables (Schedule HC-S, item 1, column C).
Report the amount outstanding of credit card fees and
finance charges that the holding company has securitized
and sold in connection with its securitization and sale of
the credit card receivables reported in Schedule HC-S,
item 1, column C.
Schedule HC-S
FR Y-9C
June 2018
LINE ITEM INSTRUCTIONS FOR
Variable Interest Entities
Schedule HC-V
General Instructions
A variable interest entity (VIE), as described in ASC
Topic 810, Consolidation, is an entity in which equity
investors do not have sufficient equity at risk for that
entity to finance its activities without additional subordinated financial support or, as a group, the holders of the
equity investment at risk lack one or more of the following three characteristics: (a) the power, through voting
rights or similar rights, to direct the activities of an entity
that most significantly impact the entity’s economic
performance, (b) the obligation to absorb the expected
losses of the entity, or (c) the right to receive the expected
residual returns of the entity.
Variable interests in a VIE are contractual, ownership, or
other pecuniary interests in an entity that change with
changes in the fair value of the entity’s net assets
exclusive of variable interests. When a holding company
or other company has a variable interest or interests in a
VIE, ASC Topic 810 provides guidance for determining
whether the holding company or other company must
consolidate the VIE. If a holding company or other
company has a controlling financial interest in a VIE, it is
deemed to be the primary beneficiary of the VIE and,
therefore, must consolidate the VIE. For further information, see the Glossary entry for ”variable interest entity.”
Schedule HC-V collects information on VIEs that have
been consolidated by the reporting holding company
because the holding company or a consolidated subsidiary is the primary beneficiary of the VIE. Schedule HC-V
should be completed by holding companies with $5 billion or more in total assets on a fully consolidated basis,
i.e., after eliminating intercompany transactions. For
holding companies that have not yet adopted FASB
Accounting Standards Update No. 2016-13 (ASU 201613), which governs the accounting for credit losses, the
asset and liability amounts to be reported in Schedule
HC-V should be the same amounts at which these assets
FR Y-9C
Schedule HC-V
December 2020
and liabilities are reported on Schedule HC, Balance
Sheet, e.g., held-to-maturity securities should be reported
at amortized cost and available-for-sale securities should
be reported at fair value.
Holding companies that have adopted ASU 2016-13
should report the asset amounts in Schedule HC-V net of
any applicable allowances for credit losses included in
amounts reported on Schedule HC, Balance Sheet.
Column Instructions
Column A, Securitization Vehicles: Securitization
vehicles include VIEs that have been created to pool and
repackage mortgages, other assets, or other credit exposures into securities that can be transferred to investors.
Column B, Other VIEs: Other VIEs are VIEs other
than securitization vehicles. Other VIEs include assetbacked commercial paper (ABCP) conduits.
For purposes of items 1 through 4 of Schedule HC-V,
information about each consolidated VIE should be
included in only one of the two columns of the schedule.
The column selected for a particular consolidated VIE
should be based on the purpose and design of the VIE
and this column should be used consistently over time.
Line Item 1 Assets of consolidated variable
interest entities (VIEs) that can be used only to
settle obligations of the consolidated VIEs.
Report in the appropriate subitem and column those
assets of consolidated VIEs reported in Schedule HC,
Balance Sheet, that can be used only to settle obligations
of the same consolidated VIEs and any related allowance
for loan and lease losses and, for holding companies that
have adopted ASU 2016-13, any related allowances for
credit losses. Exclude assets of consolidated VIEs that
cannot be used only to settle obligations of the same
consolidated VIEs (report such assets in Schedule HC-V,
item 3, below).
HC-V-1
Schedule HC-V
Line Item 1(a) Cash and balances due from
depository institutions.
Report in the appropriate column the amount of cash and
balances due from depository institutions held by consolidated VIEs included in Schedule HC, item 1(a),
“Noninterest-bearing balances and currency and coin,”
and item 1(b), ‘‘Interest-bearing balances,’’ that can be
used only to settle obligations of the same consolidated
VIEs.
Line Item 1(b) Securities not held for trading.
Report in the appropriate column the total amount of
held-to-maturity securities, available-for-sale debt securities, and equity securities with readily determinable fair
values not held for trading held by consolidated VIEs
included in Schedule HC, item 2(a), “Held-to-maturity
securities”; HC, item 2(b), “Available-for-sale debt securities”; and HC, item 2.c, “Equity securities with readily
determinable fair values not held for trading,” respectively, that can be used only to settle obligations of the
same consolidated VIEs.
Line Item 1(c) Loans and leases held for
investment, net of allowance, and held for sale.
Report in the appropriate column the total of the amount
of loans and leases held for sale and held for investment
that is held by consolidated VIEs included in Schedule
HC, item 4(a), “Loans and leases held for sale,” and item
4(b), “Loans and leases held for investment,” respectively, that can be used only to settle obligations of the
same consolidated VIEs, less the amount of allowances
for loan and lease losses, or for institutions that have
adopted ASU 2016-13, less the amount of allowance for
credit losses on loans and leases. held by consolidated
VIEs included in Schedule HC, item 4(c), “LESS: Allowance for loan and lease losses” that is allocated to these
consolidated VIEs’ loans and leases held for investment
that can be used only to settle obligations of the same
consolidated VIEs.
For holding companies that have adopted FASB Accounting Standards Update No. 2016-01 (ASU 2016-01),
which includes provisions governing the accounting for
investments in equity securities, including investment in
mutual funds, and eliminates the concept of available-forsale equity securities (see the Note preceding the instructions for Schedule HC, item 2(c)), also report in the
appropriate column of this item the amount of equity
HC-V-2
securities with readily determinable fair values not held
for trading held by consolidated VIEs included in Schedule HC, item 2(c), “Equity securities with readily determinable fair values not held for trading,” that can be used
only to settle obligations of the same consolidated VIEs.
Line Item 1(d) Other real estate owned.
Report in the appropriate column the amount of other real
estate owned held by consolidated VIEs included in
Schedule HC, item 7, ‘‘Other real estate owned,’’ that can
be used only to settle obligations of the same consolidated VIEs.
Line Item 1(e) Other assets.
Report in the appropriate column the amount of all other
assets held by consolidated VIEs included in Schedule
HC, item 12, ‘‘Total assets,’’ and not reported in Schedule
HC-V, items 1(a) through 1(d), above, that can be used
only to settle obligations of the same consolidated VIEs.
Line Item 2 Liabilities of consolidated VIEs for
which creditors do not have recourse to the general
credit of the reporting holding company.
Report in the appropriate subitem and column those
liabilities of consolidated VIEs reported in Schedule HC,
Balance Sheet, for which creditors do not have recourse
to the general credit of the reporting holding company.
Exclude liabilities of consolidated VIEs for which creditors have recourse to the general credit of the reporting
holding company (report such liabilities in Schedule
HC-V, item 4, below).
Line Item 2(a) Other borrowed money.
Report in the appropriate column the amount of other
borrowed money (including commercial paper) of consolidated VIEs reported in Schedule HC, item 16, “Other
borrowed money,” for which the creditors on these
borrowings do not have recourse to the general credit of
the reporting holding company.
Line Item 2(b) Other liabilities.
Report in the appropriate column the amount of all other
liabilities of consolidated VIEs included in Schedule HC,
item 21, “Total liabilities,” and not reported in Schedule
HC-V, item 2(a) above, for which the creditors on these
liabilities do not have recourse to the general credit of the
reporting holding company.
Schedule HC-V
FR Y-9C
December 2020
Schedule HC-V
Line Item 3 All other assets of consolidated VIEs.
Report in the appropriate column the amount of assets of
consolidated VIEs reported in Schedule HC, items 1
through 11, that have not been included in Schedule
HC-V, items 1(a) through 1(e), above. Loans and leases
held for investment that are included in this item should
be reported net of any allowance for loan and lease losses
allocated to these loans and leases.
Holding companies that have adopted ASU 2016-13,
report items net of any applicable allowances for credit
losses allocated to these assets.
Line Item 4 All other liabilities of
consolidated VIEs.
Report in the appropriate column the amount of liabilities
of consolidated VIEs reported in Schedule HC, items 14
FR Y-9C
Schedule HC-V
March 2019
through 20, that have not been included in Schedule
HC-V, items 2(a) and 2(b).
Line Item 5 Total assets of asset-backed
commercial paper (ABCP) conduit VIEs.
Report the total assets of consolidated ABCP conduit
VIEs, i.e., VIEs that primarily issue externally rated
commercial paper backed by assets or other exposures.
Include assets held by consolidated ABCP conduit VIEs
that are included in Schedule HC-V, items 1(a) through
1(e) and 3, column B, above.
Line Item 6 Total liabilities of ABCP
conduit VIEs.
Report the total liabilities of consolidated ABCP conduit
VIEs. Include liabilities of ABCP conduit VIEs that are
included in Schedule HC-V, items 2(a), 2(b), and 4,
column B, above.
HC-V-3
LINE ITEM INSTRUCTIONS FOR
Notes to the Balance Sheet
Predecessor Financial Items
General Instructions
company may provide estimates in lieu of inaccessible
actual data.
This one-time reporting schedule is event-driven. An
event for reporting the average balance sheet items below
is defined as a business combination that occurred during
the quarter (that is, the holding company consummated a
merger or acquisition within the quarter). Complete this
schedule only if the combined assets of the acquired
entity(ies) are at least equal to $10 billion or 5 percent of
the reporting holding company’s total consolidated assets
at the previous quarter-end, whichever is less.
If a single transaction business combination occurred
where the acquiree was another holding company that
filed the FR Y-9C in the preceding quarter, and the
combination occurred on the first day of the quarter, that
event is exempt from being reported on this schedule.
This exemption also applies if all entities acquired on the
first day of the quarter were FR Y-9C filers as of the prior
quarter.
Report in accordance with these instructions the selected
quarterly average information for any acquired company(ies), the predecessor, as described above. For the
items on this schedule, report the average of the balances
as of the close of business for each day for the calendar
quarter up to the date of acquisition or an average of the
balances as of the close of business on each Wednesday
during the calendar quarter up to date of acquisition. For
days that the acquired company or any of its consolidated
subsidiaries were closed (e.g., Saturdays, Sundays, or
holidays), use the amount outstanding from the previous
business day. An office is considered closed if there are
no transactions posted to the general ledger as of that
date.
The line item instructions should be read in conjunction
with the instructions for Schedule HC-K, ‘‘Quarterly
Averages.’’
Line Item 1 Average loans and leases (held for
investment and held for sale).
Report the quarterly average for all loans and leases, held
for investment and held for sale, in both domestic and
foreign offices of the acquired company (as defined for
Schedule HC-C, items 1 through 11).
Line Item 2 Average earning assets.
Report the quarterly average for all earning assets.
Include as earning assets:
Only a single schedule should be completed with aggregated information for all entities acquired during the
quarter. The combined assets of these firms should at
least equal $10 billion or 5 percent of the respondent’s
total consolidated assets at the previous quarter-end,
whichever is less.
(1) Securities;
The reporting holding company may report the items
below, net of merger-related adjustments, if any.
(5) Other earning assets.
In the unlikely event that only a portion of a firm was
purchased and actual financial statements for the acquired
operations are not readily available, the reporting holding
FR Y-9C
Notes to the Balance Sheet—Predecessor Financial Items
March 2018
(2) Federal funds sold and securities purchased under
agreements to resell;
(3) Loans and leases;
(4) Trading assets; and
Line Item 3 Average total consolidated assets.
Report the quarterly average for the fully consolidated
acquired company’s total assets (as defined for Schedule
BSnotes-P-1
Predecessor Financial Items
HC, item 12, ‘‘Total assets’’). When calculating the
quarterly average total consolidated assets for purposes
of this schedule, reflect all debt securities (not held for
trading) at amortized cost, available-for-sale equity securities with readily determinable fair values at the lower of
cost or fair value, and equity securities without readily
determinable fair values at historical cost. In addition, to
the extent that net deferred tax assets included in the
acquired company’s total assets, if any, include the
deferred tax effects of any unrealized holding gains and
losses on available-for-sale debt securities, these deferred
tax effects may be excluded from the determination of the
quarterly average for total consolidated assets. If these
deferred tax effects are excluded, this treatment must be
followed consistently over time.
BSnotes-P-2
Line Item 4 Average equity capital (excludes
limited-life preferred stock).
Report the quarterly average for the fully consolidated
equity capital (as defined for Schedule HC, item 28) of
the acquired company. For purposes of this schedule,
deduct net unrealized losses on marketable equity securities and exclude other net unrealized gains and losses on
available-for-sale securities, and accumulated net gains
(losses) on cash flow hedges when calculating average
equity capital.
Predecessor Financial Items
FR Y-9C
March 2013
LINE ITEM INSTRUCTIONS FOR
Notes to the Balance Sheet
Other
This section has been provided to allow holding companies that so wish to
explain the content of specific items in the balance sheet. The reporting holding
company should include any transactions reported on Schedules HC through
HC-S that it wishes to explain or that have been separately disclosed
in the holding company’s quarterly reports to its shareholders, in its press
releases, or on its quarterly reports to the Securities and Exchange Commission
(SEC). Also include any transactions which previously would have appeared as
footnotes to Schedules HC through HC-S.
Report in the space provided the schedule and line item for which the holding
company is specifying additional information, a description of the transaction
and, in the column provided, the dollar amount associated with the transaction
being disclosed.
FR Y-9C
Notes to the Balance Sheet—Other March 2013
BSnotes-1
Glossary
The definitions in this Glossary apply to the Consolidated
Financial Statements for Holding Companies (FR Y-9C)
and are not necessarily applicable for other regulatory or
legal purposes. The presentation of the assets, liabilities,
and stockholders’ equity, and the recognition of income
and expenses in the FR Y-9C are to be in accordance
with generally accepted accounting principles. The
accounting discussions in this Glossary are those relevant
to the preparation of these reports and are not intended to
constitute a comprehensive presentation on bank accounting or on generally accepted accounting principles. For
purposes of this Glossary, the Financial Accounting
Standards Board (FASB) Accounting Standards Codification is referred to as “ASC.”
Acceptances: See “Bankers’ acceptances.”
Accounting Changes: Changes in accounting principles–
The accounting principles that holding companies have
adopted for the preparation of their FR Y-9C should be
changed only if (a) the change is required by a newly
issued accounting pronouncement or (b) the holding
company can justify the use of an allowable alternative
accounting principle on the basis that it is preferable
when there are two or more generally accepted accounting principles for a type of event or transaction. If a
holding company changes from the use of one acceptable
accounting principle to one that is more preferable at any
time during the calendar year, it must report the income
or expense item(s) affected by the change for the entire
year on the basis of the newly adopted accounting
principle regardless of the date when the change is
actually made. However, a change from an accounting
principle that is neither accepted nor sanctioned by the
Federal Reserve to one that is acceptable to the Federal
Reserve is to be reported as a correction of an error as
discussed below.
New accounting pronouncements that are adopted by the
Financial Accounting Standards Board (or such other
FR Y-9C
Glossary June 2020
body officially designated to establish accounting principles) generally include transition guidance on how to
initially apply the pronouncement. In general, the pronouncements require (or allow) a holding company to use
one of the following approaches, collectively referred to
as “retrospective application”:
• apply a different accounting principle to one or more
previously issued financial statements; or
• make a cumulative-effect adjustment to retained earnings, assets, and/or liabilities at the beginning of the
period as if that principle had always been used.
Because each Report of Income covers a single discrete
period, only the second approach under retrospective
application is permitted in the FR Y-9C. Therefore, when
an accounting pronouncement requires the application of
either of the approaches under retrospective application,
holding companies must report the effect on the amount
of retained earnings at the beginning of the year in which
the new pronouncement is first adopted for purposes of
the FR Y-9C (net of applicable income taxes, if any) as a
direct adjustment to equity capital in Schedule HI-A,
item 2.
In the FR Y-9C in which a change in accounting principle is first reflected, the holding company is encouraged
to include an explanation of the nature and reason for the
change in accounting principle in the ‘‘Notes to the
Income Statement–Other.’’
Changes in accounting estimates–Accounting and the
preparation of financial statements involve the use of
estimates. As more current information becomes known,
estimates may be changed. In particular, accruals are
derived from estimates based on judgments about the
outcome of future events and changes in these estimates
are an inherent part of accrual accounting.
Reasonable changes in accounting estimates do not
require the restatement of amounts of income and
GL-1
Glossary
expenses and assets, liabilities, and capital reported in
previously submitted FR Y-9C reports. Computation of
the cumulative effect of these changes is also not ordinarily necessary. Rather, the effect of such changes is
handled on a prospective basis. That is, beginning in the
period when an accounting estimate is revised, the related
item of income or expense for that period is adjusted
accordingly. For example, if the holding company’s
estimate of the remaining useful life of certain holding
company equipment is increased, the remaining undepreciated cost of the equipment would be spread over its
revised remaining useful life. Similarly, immaterial
accrual adjustments to items of income and expenses,
including provisions for loan and lease losses and income
taxes, are considered changes in accounting estimates
and would be taken into account by adjusting the affected
income and expense accounts for the year in which the
adjustments were found to be appropriate.
However, large and unusual changes in accounting estimates may be more properly treated as constituting
accounting errors, and if so, must be reported accordingly
as described below.
Corrections of accounting errors – A holding company
may become aware of an error in its FR Y-9C after it has
been submitted to the Federal Reserve through either its
own or the Federal Reserve’s discovery of the error. An
error in the recognition, measurement, or presentation of
an event or transaction included in a report for a prior
period may result from:
• a mathematical mistake;
• a mistake in applying accounting principles; or
• the oversight or misuse of facts that existed when the
FR Y-9C for prior periods were prepared.
According to SEC Staff Accounting Bulletin No. 108,
Considering the Effects of Prior Year Misstatements
when Quantifying Misstatements in Current Year Financial Statements (SAB 108, Topic 1.N. in the Codification
of Staff Accounting Bulletins), the effects of prior year
errors or misstatements (“carryover effects”) should be
considered when quantifying misstatements identified in
current year financial statements. SAB 108 describes two
methods for accumulating and quantifying misstatements. These methods are referred to as the “rollover”
and “iron curtain” approaches:
GL-2
• The rollover approach ‘‘quantifies a misstatement
based on the amount of the error originating in the
current year income statement’’ only and ignores the
‘‘carryover effects’’ of any related prior year misstatements. The primary weakness of the rollover approach
is that it fails to consider the effects of correcting the
portion of the current year balance sheet misstatement
that originated in prior years.
• The iron curtain approach ‘‘quantifies a misstatement
based on the effects of correcting the misstatement
existing in the balance sheet at the end of the current
year, irrespective of the misstatement’s year(s) of
origination.’’ The primary weakness of the iron curtain
approach is that it does not consider the correction of
prior year misstatements in the current year financial
statements to be errors because the prior year misstatements were considered immaterial in the year(s) of
origination. Thus, there could be a material misstatement in the current year income statement because the
correction of the accumulated immaterial amounts
from prior years is not evaluated as an error.
Because of the weaknesses in these two approaches, SAB
108 states that the impact of correcting all misstatements
on current year financial statements should be accomplished by quantifying an error under both the rollover
and iron curtain approaches and by evaluating the error
measured under each approach. When either approach
results in a misstatement that is material, after considering all relevant quantitative and qualitative factors, an
adjustment to the financial statements would be required.
Guidance on the consideration of all relevant factors
when assessing the materiality of misstatements is provided in SEC Staff Accounting Bulletin No. 99, Materiality (SAB 99) (codified as Topic 1.M. in the Codification
of Staff Accounting Bulletins).
For purposes of the FR Y-9C, all holding companies
should follow the sound accounting practices described
in SAB 108 and SAB 99. Accordingly, holding companies should quantify the impact of correcting misstatements, including both the carryover and reversing effects
of prior year misstatements, on their current year reports
by applying both the “rollover” and “iron curtain”
approaches and evaluating the impact of the error measured under each approach. When the misstatement that
exists after recording the adjustment in the current year
FR Y-9C is material (considering all relevant quantitative
and qualitative factors), the appropriate prior year report(s)
Glossary
FR Y-9C
June 2020
Glossary
should be amended, even though such revision previously was and continues to be immaterial to the prior
year report(s). If the misstatement that exists after recording the adjustment in the current year FR Y-9C is not
material, then amending the immaterial errors in prior
year reports would not be necessary.
When the Federal Reserve determines that the holding
company’s FR Y-9C contains a material accounting
error, the holding company may be directed to file
amended condition and/or income report data for each
prior period that was significantly affected by the error.
Normally, such refilings will not result in restatements of
reports for periods exceeding five years. If amended
reports are not required, the holding company should
report the effect of such corrections on retained earnings
at the beginning of the year, net of applicable income
taxes, in Schedule HI-A, item 2, ‘‘Cumulative effect of
changes in accounting principles and corrections of material accounting errors.’’ The effect of such corrections on
income and expenses since the beginning of the year in
which the error is discovered should be reflected in each
affected income and expense account on a year-to-date
basis in the next quarterly FR Y-9C to be filed and not as
a direct adjustment to retained earnings.
In addition, a change from an accounting principle that is
neither accepted nor sanctioned by the Federal Reserve to
one that is acceptable to the Federal Reserve is to be
reported as a correction of an error. When such a change
is implemented, the cumulative effect that applies to prior
periods, calculated in the same manner as described
above for other changes in accounting principles, should
be reported in Schedule HI-A, item 2, ‘‘Cumulative effect
of changes in accounting principles and corrections of
material accounting errors. ’’ In most cases of this kind
undertaken voluntarily by the reporting holding company
in order to adopt more acceptable accounting practices,
such a change will not result in a request for amended
reports for prior periods unless substantial distortions in
the holding company’s previously reported results are in
evidence.
In the FR Y-9C in which the correction of an error is first
reflected, the holding company is encouraged to include
an explanation of the nature and reason for the correction
in the ‘‘Notes to the Income Statement—Other.’’
For further information on these three topics, see ASC
Topic 250, Accounting Changes and Error Corrections
FR Y-9C
Glossary December 2020
(formerly FASB Statement No. 154, Accounting Changes
and Error Corrections).
Accounting Errors, Corrections of: See ‘‘Accounting
changes.’’
Accounting Estimates, Changes in: See ‘‘Accounting
changes.’’
Accounting Principles, Changes in: See ‘‘Accounting
changes.’’
Accrued Interest Receivable: Accrued interest receivable is the recorded amount of interest that has been
earned in current or prior periods on interest-bearing
assets that has not yet been collected.
For holding companies that have not adopted ASC Topic
326, Financial Instruments—Credit Losses, refer to the
Glossary entry on “nonaccrual status” for the treatment
of previously accrued interest. Accrued interest receivable that is not reported elsewhere on Schedule HC,
Balance Sheet, as a component of the balance sheet
amount of the associated financial asset should be
reported in Schedule HC-F, item 1, “Accrued interest
receivable.”
For holding companies that have adopted ASC Topic
326, ASC Topic 326 permits a series of accounting
policy elections related to accrued interest receivable.
These elections are made upon adoption of ASC Topic
326 and may differ by class of financing receivable or
major security type. The available accounting policy
elections are:
(1) Holding companies may elect to present accrued
interest receivable separately from the related financial asset. The accrued interest receivable is presented net of an allowance for credit losses (ACL), if
any. A holding company that elects to present
accrued interest receivable separately from the amount
reported for the related financial asset (e.g., loans,
leases, debt securities, and other interest-bearing
assets) on Schedule HC, Balance Sheet (rather than
as a component of the balance sheet amount reported
for the related financial asset), should report the
accrued interest receivable in Schedule HC-F, item 1,
“Accrued interest receivable.”
(2) Holding companies that charge off uncollectible
accrued interest receivable in a timely manner, i.e., in
accordance with the Glossary entry for “nonaccrual
status,” may elect, at the class of financing receivable
GL-3
Glossary
or the major security-type level, not to measure an
ACL for accrued interest receivable. If a holding
company does not make this policy election, for a
particular class of financing receivable or major
security type, the holding company should measure
an ACL on accrued interest receivable for that class
of financing receivable or major security type.
(3) A holding company may make a separate policy
election, at the class of financing receivable or major
security-type level, to charge off any uncollectible
accrued interest receivable by reversing interest
income, recognizing credit loss expense (i.e., provision expense), or a combination of both. If a holding
company reverses interest income, the holding company should debit (i.e., reduce) the appropriate category of interest income on Schedule HI, Income
Statement, for the amount of uncollectible accrued
interest receivable being charged off. Furthermore,
for purposes of these reports, a holding company
may charge off uncollectible accrued interest receivable against an ACL by debiting (i.e., reducing) the
ACL.
See also the Glossary entries for “allowance for loan and
lease losses” or “allowance for credit losses” as applicable, “amortized cost basis,” and “nonaccrual status.”
Accrued Interest Receivable Related to Credit Card
Securitizations: In a typical credit card securitization, an
institution transfers a pool of receivables and the right to
receive the future collections of principal (credit card
purchases and cash advances), finance charges, and fees
on the receivables to a trust. If a securitization transaction
qualifies as a sale under ASC Topic 860, Transfers and
Servicing, the selling institution removes the receivables
that were sold from its reported assets and continues to
carry any retained interests in the transferred receivables
on its balance sheet. The ‘‘accrued interest receivable’’
(AIR) asset typically consists of the seller’s retained
interest in the investor’s portion of (1) the accrued fees
and finance charges that have been billed to customer
accounts, but have not yet been collected (‘‘billed but
uncollected’’), and (2) the right to finance charges that
have been accrued on cardholder accounts, but have not
yet been billed (‘‘accrued but unbilled’’).
While the selling institution retains a right to the excess
cash flows generated from the fees and finance charges
collected on the transferred receivables, the institution
generally subordinates its right to these cash flows to the
GL-4
investors in the securitization. If and when cash payments on the accrued fees and finance charges are
collected, they flow through the trust, where they are
available to satisfy more senior obligations before any
excess amount is remitted to the seller. Only after trust
expenses (such as servicing fees, investor certificate
interest, and investor principal charge-offs) have been
paid will the trustee distribute any excess fee and finance
charge cash flow back to the seller. Since investors are
paid from these cash collections before the selling institution receives the amount of AIR that is due, the seller
may or may not realize the full amount of its AIR asset.
Accounting at Inception of the Securitization Transaction
Generally, if a securitization transaction meets the criteria
for sale treatment and the AIR is subordinated
either because the asset has been isolated from the
transferor1 or because of the operation of the cash flow
distribution (or ‘‘waterfall’’) through the securitization
trust, the total AIR asset (both the “billed and uncollected” and ‘‘accrued and unbilled’’) should be considered one of the components of the sale transaction. Thus,
when accounting for a credit card securitization, an
institution should allocate the previous carrying amount
of the AIR (net of any related allowance for uncollectible
amounts) and the other transferred assets between the
assets that are sold and the retained interests, based on
their relative fair values at the date of transfer. As a
result, after a securitization, the allocated carrying amount
of the AIR asset will typically be lower than its face
amount.
Subsequent Accounting
After securitization, the AIR asset should be accounted
for at its allocated cost basis (as discussed above). In
addition, an institution should treat the AIR asset as a
retained (subordinated) beneficial interest. Accordingly,
it should be reported as an ‘‘Other Asset’’ in Schedule
HC-F, item 6, and in Schedule HC-S, item 2(b), column
C (if reported as a stand-alone asset) and not as a loan
receivable.
Although the AIR asset is a retained beneficial interest in
transferred assets, it is not required to be subsequently
measured like an investment in debt securities classified
as available for sale or trading under ASC Topic 320,
Investments-Debt and Equity Securities, and ASC Topic
1. See ASC Subtopic 860-10.
Glossary
FR Y-9C
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Glossary
860, because the AIR asset cannot be contractually
prepaid or settled in such a way that the holder would not
recover substantially all of its recorded investment.
Rather, institutions should follow existing applicable
accounting standards, including ASC Subtopic 450-20,
Contingencies–Loss Contingencies, in subsequent
accounting for the AIR asset. ASC Subtopic 450-20
addresses the accounting for various loss contingencies,
including the collectibility of receivables.
For further guidance, holding companies should refer to
the Interagency Advisory on the Accounting Treatment
of Accrued Interest Receivable Related to Credit Card
Securitizations dated December 4, 2002. See also the
Glossary entry for ‘‘Transfers of Financial Assets.’’
Acquisition, Development, or Construction (ADC)
Arrangements: An ADC arrangement is an arrangement
in which a holding company or its consolidated subsidiaries provide financing for real estate acquisition, development, or construction purposes and participates in the
expected residual profit resulting from the ultimate sale
or other use of the property. ADC arrangements should
be reported as loans, real estate joint ventures, or direct
investments in real estate in accordance with ASC Subtopic 310-10, Receivables – Overall (formerly AICPA
Practice Bulletin 1, Appendix, Exhibit I, ADC Arrangements).
Under the Board’s regulatory capital rules, the term high
volatility commercial real estate (HVCRE) exposure is
defined, in part, to mean a credit facility that, prior to
conversion to permanent financing, finances or has
financed the acquisition, development, or construction of
real property. (See §.2 of the regulatory capital rules and
the instructions for Schedule HC-R, Part II, item 4.b.)
Holding companies should note that the meaning of the
term ADC as used in the definition of HVCRE exposure
in the regulatory capital rules differs from the meaning of
ADC arrangement for accounting purposes in ASC Subtopic 310-10 as described above in this Glossary entry.
For example, a holding companies participation in the
expected residual profit from a property is part of the
accounting definition of an ADC arrangement, but whether
the holding company participates in the expected residual
profit is not a consideration for purposes of determining
whether a credit facility is an HVCRE exposure for
regulatory capital purposes. Thus, a loan can be treated as
an HVCRE exposure for regulatory capital purposes even
FR Y-9C
Glossary September 2020
though it does not provide for the holding company to
participate in the property’s expected residual profit.
Agreement Corporation: See ‘‘Edge and Agreement
corporation.’’
Allowance for Credit Losses: This entry applies to
holding companies that have adopted ASC Topic 326
(introduced by Accounting Standards Update No. 201613, Financial Instruments—Credit Losses (Topic 326):
Measurement of Credit Losses on Financial Instruments
(ASU 2016-13). Holding companies that have not adopted
ASC Topic 326 should continue to refer to the Glossary
entry for “allowance for loan and lease losses.” For more
information on the allowance for credit losses (ACL),
institutions should also refer to the Interagency Policy
Statement on Allowances for Credit Losses issued in
May 2020.
Standards for accounting for an ACL for financial assets
measured at amortized cost and net investments in leases
(hereafter referred to collectively as financial assets
measured at amortized cost), as well as certain offbalance sheet credit exposures, are set forth in ASC
Subtopic 326-20, Financial Instruments—Credit Losses—
Measured at Amortized Cost. For financial assets measured at amortized cost, the ACL is a valuation account
that is deducted from, or added to, the amortized cost
basis of financial assets to present the net amount
expected to be collected over the contractual term of the
financial assets.
For holding companies that have adopted ASC Topic 326,
standards for measuring credit losses on available-forsale (AFS) debt securities are set forth in ASC Subtopic 326-30, Financial Instruments—Credit Losses—
Available-for-Sale Debt Securities. See the Glossary
entry for “securities activities” for guidance on allowances for credit losses on AFS debt securities.
The following sections of this Glossary entry apply to
financial assets measured at amortized cost and also to
off-balance sheet credit exposures within the scope of
ASC Subtopic 326-20.
Measurement—An ACL shall be established upon the
origination or acquisition of a financial asset(s) measured
at amortized cost. A separate ACL shall be reported for
each type of financial asset measured at amortized cost
(e.g., loans and leases held for investment, held-tomaturity (HTM) debt securities, and receivables that
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Glossary
relate to repurchase agreements and securities lending
agreements) as of the end of each reporting period.
As of the end of each quarter, or more frequently if
warranted, each holding company must evaluate the
collectability of its financial assets measured at amortized
cost, including, if applicable, any recorded accrued interest receivable (i.e., not already reversed or charged off, as
applicable), and make adjusting entries to maintain the
balance of each of the separate ACLs reported on the
balance sheet at an appropriate level.
A holding company shall measure expected credit losses
on a collective or pool basis when financial assets share
similar risk characteristics. If a financial asset does not
share similar risk characteristics with other assets,
expected credit losses for that asset should be evaluated
individually. Individually evaluated assets should not be
included in a collective assessment of expected credit
losses. If a financial asset ceases to share similar risk
characteristics with other assets in its pool, it should be
moved to a different pool with assets sharing similar risk
characteristics, if such a pool exists.
ASC Subtopic 326-20 does not require the use of a
specific loss estimation method for purposes of determining ACLs. Various methods may be used to estimate the
expected collectibility of financial assets measured at
amortized cost, with those methods generally applied
consistently over time. The same loss estimation method
does not need to be applied to all financial assets. A
holding company is not precluded from selecting a
different method when it determines the method will
result in a better estimate of ACLs.
ASC Subtopic 326-20 requires a holding company to
measure estimated expected credit losses over the contractual term of its financial assets, considering expected
prepayments. Renewals, extensions, and modifications
are excluded from the contractual term of a financial
asset for purposes of estimating the ACL unless there is a
reasonable expectation of executing a troubled debt
restructuring or the renewal and extension options are
part of the original or modified contract and are not
unconditionally cancellable by the holding company. If
such renewal or extension options are present, a holding
company must evaluate the likelihood of a borrower
exercising those options when determining the contractual term.
In estimating the net amount expected to be collected on
financial assets measured at amortized cost, a holding
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company should consider the effects of past events,
current conditions, and reasonable and supportable forecasts on the collectibility of the holding company’s
financial assets. Under ASC Subtopic 326-20, a holding
company is required to use relevant forward-looking
information and expectations drawn from reasonable and
supportable forecasts when estimating expected credit
losses.
Expected recoveries, prior to collection, are a component
of management’s estimate of the net amount expected to
be collected for a financial asset. Expected recoveries of
amounts previously charged off or expected to be charged
off that are included in ACLs may not exceed the
aggregate amounts previously charged off or expected to
be charged off. All assumptions related to expected
recoveries should be appropriately documented and supported. When estimating expected recoveries, management may conclude that amounts previously charged off
are not collectible.
Changes in the ACL —Additions to, or reductions of, the
ACL to adjust its level to management’s current estimate
of expected credit losses are to be made through charges
or credits to the “provision for credit losses on financial
assets” (provision) in item 4 of Schedule HI, Income
Statement, except for changes to adjust the level of the
ACL for off-balance-sheet credit exposures. When available information confirms that specific financial assets
measured at amortized cost, or portions thereof, are
uncollectible, these amounts should be promptly charged
off against the related ACL in the period in which the
financial assets are deemed uncollectible. Under no circumstances can expected credit losses on financial assets
measured at amortized cost be charged directly to
“Retained earnings” after the initial adoption of ASC
Topic 326, for which the change from the incurred loss to
the current expected credit losses methodology is required
to be recorded through a cumulative-effect adjustment to
retained earnings. This cumulative-effect adjustment is
reported in Schedule HI-A, item 2, “Cumulative effect of
changes in accounting principles and corrections of material accounting errors,” and disclosed in Notes to the
Income Statement (Other), item 3, “Effect of adoption of
current expected credit losses methodology on allowances for credit losses on loans and leases held for
investment and held-to-maturity debt securities.”
Recoveries on financial assets measured at amortized
cost represent collections on amounts that were previously charged off against the related ACL. Recoveries
Glossary
FR Y-9C
March 2021
Glossary
shall be credited to the ACL, provided that the total
amount credited to the ACL as recoveries on a financial
asset (which may include amounts representing principal,
interest, and fees) is limited to the amount previously
charged off against the ACL on that financial asset. Any
amounts collected in excess of this limit should generally
be recognized as noninterest income upon collection.
When estimating the ACL for a collateral-dependent
loan, the fair value of collateral should be adjusted to
consider estimated costs to sell if repayment or satisfaction of the loan depends on the sale of the collateral. ACL
adjustments for estimated costs to sell are not appropriate
when the repayment of a collateral-dependent loan is
expected from the operation of the collateral.
Charge-Offs and Establishment of a New Amortized Cost
Basis—When a holding company makes a full or partial
charge-off of a financial asset measured at amortized cost
that is deemed uncollectible, the holding company establishes a new cost basis for that financial asset. Consequently, once a new cost basis has been established for a
financial asset through a charge-off, this amortized cost
basis may not be directly “written up” at a later date.
Reversing the previous charge-off and “re-booking” the
charged-off asset after the holding company concludes
that the prospects for recovering the charge-off have
improved, regardless of whether the holding company
assigns a new account number to the asset or the borrower signs a new note, is not an acceptable accounting
practice. Nevertheless, as stated above, management’s
estimate of the net amount expected to be collected for a
financial asset, as reflected in the related ACL, considers
expected recoveries.
The fair value of collateral securing a collateraldependent loan may change over time. If the fair value of
the collateral as of the ACL evaluation date has decreased
since the previous ACL evaluation date, the ACL should
be increased to reflect the additional decrease in the fair
value of the collateral. Likewise, if the fair value of the
collateral has increased as of the ACL evaluation date,
the increase in the fair value of the collateral is reflected
through a reduction in the ACL. Any negative ACL that
results is capped at the amount previously charged off. In
general, any portion of the amortized cost basis in excess
of the fair value of collateral less estimated costs to sell,
if applicable, that can be identified as uncollectible
should be promptly charged off against the ACL.
If losses charged off against an ACL exceed the amount
of the ACL, a provision expense sufficient to restore the
ACL to an appropriate level must be charged to a
provision for credit losses on the income statement
during the reporting period in which the charge-off is
recorded. A holding company shall not increase an ACL
by transferring an amount from retained earnings or any
segregation thereof to the ACL.
Collateral-Dependent Financial Assets—A collateraldependent financial asset is a financial asset for which
repayment is expected to be provided substantially
through the operation or sale of the collateral when the
borrower, based on management’s assessment, is experiencing financial difficulty as of the reporting date.
For purposes of these reports, the ACL for a collateraldependent loan is measured using the fair value of
collateral, regardless of whether foreclosure is probable.
This application of this requirement for purposes of these
reports is limited to collateral-dependent loans; it does
not apply to other financial assets such as held-tomaturity debt securities that are collateral dependent.
FR Y-9C
Glossary March 2020
Financial Assets with Collateral Maintenance
Agreements—Holding companies may have financial
assets that are secured by collateral (such as debt securities) and are subject to collateral maintenance agreements
requiring the borrower to continuously replenish the
amount of collateral securing the asset. If the fair value of
the collateral declines, the borrower is required to provide additional collateral as specified by the agreement.
ASC Topic 326 includes a practical expedient for financial assets with collateral maintenance agreements where
the borrower is required to provide collateral greater than
or equal to the amortized cost basis of the asset and is
expected to continuously replenish the collateral. In those
cases, the holding company may elect the collateral
maintenance practical expedient and measure expected
credit losses for these qualifying assets based on the fair
value of the collateral. If the fair value of the collateral is
greater than the amortized cost basis of the financial asset
and the holding company expects the borrower to replenish collateral as needed, the holding company may record
an ACL of zero for the financial asset when the collateral
maintenance practical expedient is applied. Similarly, if
the fair value of the collateral is less than the amortized
cost basis of the financial asset and the holding company
expects the borrower to replenish collateral as needed,
the ACL is limited to the difference between the fair
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Glossary
value of the collateral and the amortized cost basis of the
asset as of the reporting date when applying the collateral
maintenance practical expedient.
for credit losses on off-balance sheet credit exposures.
Recourse liability accounts should be reported in Schedule HC-G, item 4, “All other liabilities.”
Off-Balance-Sheet Credit Exposures—Each holding company should also estimate, as a separate liability account,
expected credit losses for off-balance-sheet credit exposures not accounted for as insurance, over the contractual
period during which the holding company is exposed to
credit risk. The estimate of expected credit losses should
take into consideration the likelihood that funding will
occur as well as the amount expected to be funded over
the estimated remaining contractual term of the offbalance-sheet credit exposures. Off-balance sheet credit
exposures include loan commitments, financial standby
letters of credit, and financial guarantees not accounted
for as insurance, and other similar instruments except for
those within the scope of ASC Topic 815 on derivatives
and hedging. This separate allowance should be reported
in Schedule HC-G, item 3, “″llowance for credit losses
on off-balance-sheet credit exposures,” not as part of the
“Allowance for credit losses on loans and leases” in
Schedule HC, item 4.c. Additions to, or reductions of, the
allowance for credit losses on off-balance sheet credit
exposures to adjust the balance of the allowance to an
appropriate level are reported in net income.
See also the Glossary entries for “accrued interest receivable,” “amortized cost basis,” “business combinations,”
“foreclosed assets,” “loan,” “loan fees,” “nonaccrual
status,” “purchased credit-deteriorated assets,” “securities activities,” “transfers of financial assets,” and
“troubled debt restructurings.”
Holding companies should not record an estimate of
expected credit losses for off-balance-sheet credit exposures that are unconditionally cancellable by the issuer.
For example, for a holding company that has unfunded
commitments (i.e., available credit) on credit cards, the
holding company should not record an allowance for
expected credit losses for unfunded commitments for
which the holding company has the ability to unconditionally cancel the available line of credit. In contrast,
home equity lines of credit may be deemed unconditionally cancellable for regulatory capital purposes. However, unfunded commitments under home equity lines of
credit are not considered unconditionally cancellable by
the issuer for purposes of estimating expected credit
losses under ASC Topic 326, because the lender may not
unilaterally refuse to extend credit under the commitment.
Recourse Liability Accounts—Recourse liability accounts
that arise from recourse obligations for any transfers of
financial assets that are reported as sales should not be
included in an ACL. These accounts are considered
separate and distinct from ACLs and from the allowance
GL-8
Allowance for Loan and Lease Losses: This Glossary
entry applies to holding companies that have not adopted
ASC Topic 326, Financial Instruments—Credit Losses.
Holding companies that have adopted ASC Topic 326
should refer to the Glossary entry for “allowance for
credit losses.” Each holding company must maintain an
allowance for loan and lease losses (allowance) at a level
that is appropriate to cover estimated credit losses associated with its loan and lease portfolio, i.e., loans and
leases that the holding company has intent and ability to
hold for the foreseeable future or until maturity or payoff.
Each holding company should also maintain, as a separate liability account, an allowance at a level that is
appropriate to cover estimated credit losses associated
with off-balance sheet credit instruments such as offbalance sheet loan commitments, standby letters of credit,
and guarantees. This separate allowance should be
reported in Schedule HC-G, item 3, ‘‘Allowance for
credit losses on off-balance sheet credit exposures,’’ not
as part of the ‘‘Allowance for loan and lease losses’’ in
Schedule HC, item 4(c).
With respect to the loan and lease portfolio, the term
‘‘estimated credit losses’’ means an estimate of the
current amount of loans and leases that it is probable the
holding company will be unable to collect given facts and
circumstances as of the evaluation date. Thus, estimated
credit losses represent net charge-offs that are likely to be
realized for a loan or pool of loans. These estimated
credit losses should meet the criteria for accrual of a loss
contingency (i.e., through a provision to the allowance)
set forth in generally accepted accounting principles
(GAAP).
As of the end of each quarter, or more frequently if
warranted, the management of each holding company
must evaluate, subject to examiner review, the collectibility of the loan and lease portfolio, including any recorded
accrued and unpaid interest (i.e., not already reversed or
charged off), and make entries to maintain the balance of
Glossary
FR Y-9C
March 2020
Glossary
the allowance for loan and lease losses on the balance
sheet at an appropriate level. Management must maintain
reasonable records in support of their evaluations and
entries. Furthermore, each holding company is responsible for ensuring that controls are in place to consistently
determine the allowance for loan and lease losses in
accordance with GAAP (including ASC Subtopic 450-20
Contingencies—Loss Contingencies and ASC Topic 310,
Receivables the holding company’s stated policies and
procedures, management’s best judgment and relevant
supervisory guidance.
Additions to, or reductions of, the allowance account
resulting from such evaluations are to be made through
charges or credits to the ‘‘provision for loan and lease
losses’’ (provision) in the FR Y-9C. When available
information confirms that specific loans and leases, or
portions thereof, are uncollectible, these amounts should
be promptly charged off against the allowance. All
charge-offs of loans and leases shall be charged directly
to the allowance. Under no circumstances can loan or
lease losses be charged directly to ‘‘Retained earnings.’’
Recoveries on loans and leases represent collections on
amounts that were previously charged off against the
allowance. Recoveries shall be credited to the allowance,
provided, however, that the total amount credited to the
allowance as recoveries on an individual loan (which
may include amounts representing principal, interest, and
fees) is limited to the amount previously charged off
against the allowance on that loan. Any amounts collected in excess of this limit should be recognized as
income.
ASC Subtopic 310-30, Receivables – Loans and Debt
Securities Acquired with Deteriorated Credit Quality
prohibits a holding company from “carrying over” or
creating loan loss allowances in the initial accounting for
“purchased impaired loans,” i.e., loans that a holding
company has purchased where there is evidence of
deterioration of credit quality since the origination of the
loan and it is probable, at the purchase date, that the
holding company will be unable to collect all contractually required payments receivable. This prohibition applies
to the purchase of an individual impaired loan, a pool or
group of impaired loans, and impaired loans acquired in a
purchase business combination. However, if, upon evaluation subsequent to acquisition, based on current information and events, it is probable that the holding company is
unable to collect all cash flows expected at acquisition
(plus additional cash flows expected to be collected
FR Y-9C
Glossary September 2020
arising from changes in estimate after acquisition) on a
purchased impaired loan (not accounted for as a debt
security), the loan should be considered impaired for
purposes of establishing an allowance pursuant to ASC
Subtopic 450-20 or ASC Topic 310, as appropriate.
When a holding company makes a full or partial direct
write-down of a loan or lease that is uncollectible, the
holding company establishes a new cost basis for the
asset. Consequently, once a new cost basis has been
established for a loan or lease through a direct writedown, this cost basis may not be ‘‘written up’’ at a later
date. Reversing the previous write-down and ‘‘rebooking’’ the charged-off asset after the holding company concludes that the prospects for recovering the
charge-off have improved, regardless of whether the
holding company assigns a new account number to the
asset or the borrower signs a new note, is not an
acceptable accounting practice.
The allowance account must never have a debit balance.
If losses charged off exceed the amount of the allowance,
a provision sufficient to restore the allowance to an
appropriate level must be charged to expense on the
income statement immediately. A holding company shall
not increase the allowance account by transferring an
amount from undivided profits or any segregation thereof
to the allowance for loan and lease losses.
To the extent that a holding company’s reserve for bad
debts for tax purposes is greater than or less than its
‘‘allowance for loan and lease losses’’ on the balance
sheet of the FR Y-9C, the difference is referred to as a
temporary difference. See the Glossary entry for ‘‘income
taxes’’ for guidance on how to report the tax effect of
such a temporary difference.
Recourse liability accounts that arise from recourse obligations for any transfers of loans that are reported as
sales for purposes of these reports should not be included
in the allowance for loan and lease losses. These accounts
are considered separate and distinct from the allowance
account and from the allowance for credit losses on
off-balance sheet credit exposures. Recourse liability
accounts should be reported in Schedule HC-G, item 4,
‘‘Other’’ liabilities.
For comprehensive guidance on the maintenance of an
appropriate allowance for loan and lease losses, holding
companies should refer to the Interagency Policy Statement on the Allowance for Loan and Lease Losses dated
December 13, 2006. For guidance on the design and
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Glossary
implementation of allowance methodologies and supporting documentation practices, holding companies should
refer to the interagency Policy Statement on Allowance
for Loan and Lease Losses Methodologies and Documentation for Banks and Savings Associations, which was
published on July 6, 2001. Information on the application
of ASC Topic 310, Receivables, to the determination of
an allowance for loan and losses on those loans covered
by that accounting standard is provided in the Glossary
entry for ‘‘loan impairment.’’
For information on reporting on foreclosed and repossessed assets, see the Glossary entry for ‘‘foreclosed
assets.’’
Amortized Cost Basis: The amortized cost basis is the
amount at which a financing receivable or investment is
originated or acquired, adjusted for applicable accrued
interest, accretion, or amortization of premium, discount
and net deferred fees or costs, collection of cash, writeoffs,2 foreign exchange, and fair hedge accounting adjustments.
See also the Glossary entries for “accrued interest receivable,” “loan,” “loan fees,” “nonaccrual status,” and
“securities activities.”
Applicable Income Taxes: See ‘‘Income taxes.’’
Associated Company: See ‘‘Subsidiaries.’’
ATS Account: See ‘‘Deposits.’’
Bankers’ Acceptances: A banker’s acceptance, for purposes of these reports, is a draft or bill of exchange that
has been drawn on and accepted by a banking institution
(the ‘‘accepting bank’’) or its agent for payment by that
institution at a future date that is specified in the instrument. Funds are advanced to the drawer of the acceptance
by the discounting of the accepted draft either by the
accepting bank or by others; the accepted draft is negotiable and may be sold and resold subsequent to its
original discounting. At the maturity date specified, the
holder or owner of the acceptance at that date, who has
advanced funds either by initial discount or subsequent
purchase, presents the accepted draft to the accepting
bank for payment.
The accepting bank has an unconditional obligation to
put the holder in funds (to pay the holder the face amount
2. The FASB’s term “write-off” is used interchangeably with the term
“charge-off” in these instructions. These terms can refer to both full and
partial write-offs or charge-offs.
GL-10
of the draft) on presentation on the specified date. The
account party (customer) has an unconditional obligation
to put the accepting bank in funds at or before the
maturity date specified in the instrument.
The following description covers the treatment in the
FR Y-9C of (1) acceptances that have been executed by
a bank subsidiary of the reporting holding company, that
is, those drafts that have been drawn on and accepted by a
subsidiary bank; (2) ‘‘participations’’ in acceptances, that
is, ‘‘participations’’ in the accepting bank’s obligation to
put the holder of the acceptance in funds at maturity, or
participations in the accepting bank’s risk of loss in the
event of default by the account party; and (3) acceptances
owned by the reporting holding company or its subsidiaries, that is, those acceptances— whether executed by
the reporting holding company’s subsidiary banks or by
others—that a bank subsidiary has discounted or that any
subsidiary of the holding company has purchased.
(1) Acceptances executed by a subsidiary bank of the
reporting holding company. With the exceptions
described below, the reporting holding company
must report on its balance sheet the full amount of the
acceptance in both (a) the liability item, ‘‘Other
liabilities’’ (Schedule HC, item 20), reflecting the
subsidiary bank’s obligation to put the holder of the
acceptance in funds at maturity, and (b) the asset
item, ‘‘Other assets’’ (Schedule HC, item 11),
reflecting the account party’s liability to put the
accepting bank subsidiary in funds at or before
maturity. The acceptance liability and acceptance
asset must also be reported in both Schedule HC-G,
item 4, ‘‘Other liabilities,’’ and Schedule HC-F, item
6, ‘‘Other assets,’’ respectively.
Exceptions to the mandatory reporting by the reporting holding company of the full amount of all
outstanding drafts accepted by the bank subsidiary(ies) of the reporting holding company in both
‘‘Other liabilities’’ (Schedule HC, item 20) and
‘‘Other assets’’ (Schedule HC, item 11) on the Consolidated Balance sheet of the FR Y-9C occur in the
following situations:
(a) One exception occurs in situations where the
accepting bank acquires—through initial discounting or subsequent purchase—and holds its
own acceptance (i.e., a draft that it has itself
accepted). In this case, the bank subsidiary’s own
acceptances that are held by it will not be reported
Glossary
FR Y-9C
June 2015
Glossary
in the ‘‘Other liabilities’’ and ‘‘Other assets’’
items noted above. The bank subsidiary’s holdings of its own acceptances will be reported
either in “Loans and leases held for sale” (Schedule HC, item 4.a), “Loans and leases, held for
investment (Schedule HC, item 4(b)) or, if held
in a trading account, in ‘‘Trading assets’’ (Schedule HC, item 5).
(b) A second exception occurs where the parent
holding company or a subsidiary of the holding
company (other than the accepting bank subsidiary) purchases an acceptance executed by one of
the reporting holding company’s subsidiary banks.
In this case, the process of consolidation eliminates the consolidated holding company’s liability on acceptances and outstanding and the customers’ liability to the accepting bank on
acceptances outstanding will be reported either in
Schedule HC, item 4(b) or item 5.
(c) A third exception occurs in situations where the
account party anticipates its liability to a bank
subsidiary of the reporting holding company on
an acceptance outstanding by making a payment
to the bank that reduces the customer’s liability
in advance of the maturity of the acceptance.
In this case, the holding company will decrease
the asset item “Other assets” (Schedule HC,
item 11) by the amount of such prepayment; the
prepayment will not affect the liability item
‘‘Other liabilities’’ (Schedule HC, item 20) which
would continue to reflect the full amount of the
acceptance until the bank subsidiary has repaid
the holder of the acceptance at the maturity date
specified in the instrument. If the account party’s
payment to the accepting bank before the maturity date is not for the purpose of immediate
reduction of its indebtedness to the reporting
bank or if receipt of the payment does not
immediately reduce or extinguish that indebtedness, such advance payment will not reduce
item 11 of Schedule HC but should be reflected
in the bank’s deposit liabilities.
(d) A fourth exception occurs when the holding
company has a subsidiary of the holding company (other than the accepting bank) that is the
account party (customer) in the acceptance transaction. In this case, the process of consolidation
FR Y-9C
Glossary June 2020
eliminates the asset item but will leave the liability item (item 20) unaffected except where the
holding company or one of its consolidated subsidiaries purchases the acceptance executed.
In all situations other than these four exceptions just
described, the reporting holding company’s financial
statement must reflect the full amount of its acceptances in ‘‘Other liabilities’’ (Schedule HC, item 20)
and in ‘‘Other assets’’ (Schedule HC, item 11).
(2) “Participations” in acceptances. The general requirement for the accepting bank to report on its balance
sheet the full amount of the total obligation to put the
holder of the acceptance in funds applies also, in
particular, to any situation in which the acceptingbank enters into any kind of arrangement with
others for the purpose of having the latter share, or
participate, in the obligation to put the holder of the
acceptance in funds at maturity or in the risk of loss
in the event of default on the part of the account
party.3 In any such sharing arrangement or participation agreement—regardless of its form or its contract
provisions, regardless of the terminology (e.g.,
‘‘funded,’’ ‘‘risk,’’ ‘‘unconditional,’’ or ‘‘contingent’’)
used to describe it and the relationships under it,
regardless of whether it is described as a participation
in the customer’s liability or in the accepting bank’s
obligation or in the risk of default by the account
party, and regardless of the system of debits and
credits used by the accepting bank to reflect the
participation arrangement—the existence of the participation or other agreement should not reduce the
accepting bank’s obligation to honor the full amount
of the acceptance at maturity.
The existence of such participations should not to be
recorded on the balance sheet of the accepting bank
subsidiary nor on the consolidated balance sheet
(Schedule HC) of the holding company (except for
immaterial amounts) that conveys shares in its obligation to put the holder of the acceptance in funds or
shares in its risk of loss in the event of default on the
part of the account party, and similarly is not to be
recorded on the balance sheets (Schedule HC) of the
other holding companies or their subsidiaries that are
3. The discussion does not deal with participations in holdings of
bankers acceptances, which are reportable under loans. Such participations
are treated like any participations in loans.
GL-11
Glossary
party to, or acquire, such participations. However, in
such cases of agreements to participate, the nonaccepting institution acquiring the participation will
report the participation in HC-R, Part II item 17 ‘‘All
other off-balance sheet liabilities.’’ This same reporting treatment applies to a holding company that
acquires a participation in an acceptance of another
(accepting) institution and subsequently conveys the
participation to others and to an institution that
acquires such a participation. Moreover, the holding
company that both acquires and conveys a participation in another institution’s acceptance must report
the amount of the ‘‘All other off-balance sheet liabilites’’ item in Schedule HC-R, Part II.
(3) Acceptances owned by the reporting holding company. The treatment of acceptances owned or held by
the reporting holding company (whether acquired by
initial discount or subsequent purchase) depends
upon whether the acceptances are held in trading
account or in portfolio and upon whether the acceptances held have been accepted by a bank subsidiary
of the reporting holding company or by a bank that is
not a subsidiary of the reporting holding company.
All acceptances held by the reporting holding company in trading accounts (whether acceptances of a
bank of the reporting holding company or of banks
outside the holding company) are to be reported in
Schedule HC, item 5, ‘‘Trading assets.’’ Holding
companies that must complete Schedule HC-D, Trading Assets and Liabilities, will identify there holdings in item 9, ‘‘Other trading assets.’’ The reporting
holding company’s holdings of acceptances other
than those in its trading account (whether acceptances of a bank subsidiary of the reporting holding
company or of banks outside the holding company)
are to be reported in Schedule HC, item 4.a, “Loans
and leases held for sale,” or in item 4(b), “Loans and
leases, held for investment,” and in Schedule HC-C
which calls for detail on “Loans and lease financing
receivables.”
In Schedule HC-C, Part I, the reporting holding company’s holdings of acceptances of banks outside the
reporting holding company, other than those held in trading accounts, are to be reported in ‘‘Loans to depository
institutions and acceptances of other banks’’ (item 2). On
the other hand, the holding company’s holdings of acceptances of its bank subsidiaries, other than those held in
trading accounts, are to be reported in Schedule HC-C
GL-12
according to the account party of the draft. Thus, holdings of acceptances of bank subsidiaries for which the
account parties are commercial or industrial enterprises
are to be reported in Schedule HC-C in ‘‘Commercial and
industrial loans’’ (item 4); holdings of acceptances of
subsidiary banks for which the account parties are banks
outside the holding company (e.g., in connection with the
refinancing of another acceptance or for the financing of
dollar exchange) are to be reported in Schedule HC-C in
‘‘Loans to depository institutions and acceptances of
other banks’’ (item 2); and holdings of acceptances of
subsidiary banks for which the account parties are foreign governments or official institutions (e.g., for the
financing of dollar exchange) are to be reported in
Schedule HC-C, ‘‘Loans to foreign governments and
official institutions’’ (item 7).
The difference in treatment between holdings of acceptances of subsidiary banks and holdings of other banks’
acceptances reflects the fact that, for other banks’ acceptances, the holding company’s immediate claim is on the
accepting bank, regardless of the account party or of the
purpose of the loan. On the other hand, for its holdings of
its own acceptances, the holding company’s immediate
claim is on the account party named in the accepted draft.
If the account party prepays its acceptance liability on an
acceptance of a bank subsidiary of the reporting holding
company that is held by the bank subsidiary (either in
loans or trading account) so as to immediately reduce its
indebtedness to the bank subsidiary, the recording of the
holding—in ‘‘Commercial and industrial loans,’’ ‘‘Loans
to depository institutions,’’ or ‘‘Assets held in trading
accounts,’’ as appropriate—is reduced by the prepayment.
Bank-Owned Life Insurance: ASC Subtopic 325-30,
Investments—Other—Investments in Insurance Contracts, addresses the accounting for bank-owned life
insurance. According to ASC Subtopic 325-30, only the
amount that could be realized under the insurance contract as of the balance sheet date should be reported as an
asset. In general, this amount is the cash surrender value
reported to the institution by the insurance carrier less
any applicable surrender charges not reflected by the
insurance carrier in the reported cash surrender value,
i.e., the net cash surrender value. An institution should
also consider any additional amounts included in the
contractual terms of the policy in determining the amount
Glossary
FR Y-9C
September 2020
Glossary
that could be realized under the insurance contract in
accordance with ASC Subtopic 325-30.
Because there is no right of offset, an investment in
bank-owned life insurance should be reported as an asset
separately from any related deferred compensation liability.
Institutions that have entered into split-dollar life insurance arrangements should follow the guidance on the
accounting for the deferred compensation and postretirement benefit aspects of such arrangements in ASC Subtopic 715-60, Compensation-Retirement Benefits—
Defined Benefit Plans-Other Postretirement. In general,
in an endorsement split-dollar arrangement, an institution
owns and controls the insurance policy on the employee,
whereas in a collateral assignment split-dollar arrangement, the employee owns and controls the insurance
policy. According to ASC Subtopic 715-60, an institution
should recognize a liability for the postretirement benefit
related to a split-dollar life insurance arrangement if,
based on the substantive agreement with the employee,
the institution has agreed to maintain a life insurance
policy during the employee’s retirement or provide the
employee with a death benefit. This liability should be
measured in accordance with either ASC Topic 715,
Compensation-Retirement Benefits (if, in substance, a
postretirement benefit plan exists) or ASC
Subtopic 710-10, Compensation-General—Overall, (if
the arrangement is, in substance, an individual deferred
compensation contract), and reported on the balance
sheet in Schedule HC, item 20, “Other liabilities,” and in
Schedule HC-G, item 4, “Other.” In addition, for a
collateral assignment split-dollar arrangement, ASC Subtopic 715-60 states that an employer such as an institution should recognize and measure an insurance asset
based on the nature and substance of the arrangement.
The amount that could be realized under bank-owned life
insurance policies as of the report date should be reported
on the balance sheet in Schedule HC, item 11, ‘‘Other
assets,’’ and in Schedule HC-F, item 5, ‘‘Life insurance
assets.’’ The net earnings (losses) on or the net increases
(decreases) in the institution’s life insurance assets should
be reported in the income statement in Schedule HI, item
5(l), ‘‘Other noninterest income.’’ Alternatively, the gross
earnings (losses) on or increases (decreases) in these life
insurance assets may be reported in Schedule HI, item
5(l), and the life insurance policy expenses may be
reported in Schedule HI, item 7(d), ‘‘Other noninterest
FR Y-9C
Glossary September 2020
expense.’’ If the absolute value of the earnings (losses) on
or the increases (decreases) in the institution’s life insurance assets are reported in Schedule HI, item 5(l), “Other
noninterest income,” are greater than $100,000 and
exceed 7 percent of ‘‘Other noninterest income,’’ this
amount should be reported in Schedule HI, Memorandum item 6(b).
Banks, U.S. and Foreign: In the classification of banks
as customers of the reporting holding company, distinctions are drawn for purposes of the FR Y-9C between
“U.S. banks” and “commercial banks in the U.S.” and
between “foreign banks” and “banks in foreign countries.” Some report items call for one set of these
categories and other items call for the other set. The
distinctions center around the inclusion or exclusion of
foreign branches of U.S. banks and U.S. branches and
agencies of foreign banks. For purposes of describing the
office location of banks as customers of the reporting
bank, the term “United States” covers the 50 states of the
United States, the District of Columbia, Puerto Rico, and
U.S. territories and possessions. (This is in contrast to the
usage with respect to the offices of the reporting bank,
where U.S.-domiciled Edge and Agreement subsidiaries
and IBFs are included in “foreign” offices. Furthermore,
for holding companies chartered and headquartered in the
50 states of the United States and the District of Columbia, offices of the reporting holding company in Puerto
Rico and U.S. territories and possessions are also included
in “foreign” offices, but, for holding companies chartered
and headquartered in Puerto Rico and U.S. territories and
possessions, offices of the reporting holding company in
Puerto Rico and U.S. territories and possessions are
included in “domestic” offices.)
U.S. banks—The term ‘‘U.S. banks’’ covers both the U.S.
and foreign branches of banks chartered and headquartered in the U.S. (including U.S.-chartered banks
owned by foreigners), but excluding U.S. branches and
agencies of foreign banks. On the other hand, the term
‘‘banks in the U.S.’’ or ‘‘commercial banks in the U.S.’’
(the institutional coverage of which is described in detail
later in this entry) covers the U.S. offices of U.S. banks
(including their IBFs) and the U.S. branches and agencies
of foreign banks, but excludes the foreign branches of
U.S. banks.
Foreign banks—Similarly, the term ‘‘foreign banks’’
covers all branches of banks chartered and headquartered
in foreign countries (including foreign banks owned by
GL-13
Glossary
U.S. nationals and institutions), including their U.S.domiciled branches and agencies, but excluding the
foreign branches of U.S. banks. In contrast, the term
‘‘banks in foreign countries’’ covers foreign-domiciled
branches of banks, including the foreign branches of U.S.
banks, but excluding the U.S. branches and agencies of
foreign banks.
The following table summarizes these contrasting categories of banks considered as customers as used in the
Reports of Condition and Income. (‘‘X’’ indicates inclusion; no entry indicates exclusion.)
Commercial banks in the U.S.—The detailed institutional composition of ‘‘commercial banks in the U.S.’’
includes:
(1) the U.S.-domiciled head offices and branches of:
This coverage includes the U.S. institutions listed above
that are owned by foreigners. Excluded from commercial
banks in the U.S. are branches located in foreign countries of U.S. banks.
U.S. branches and agencies of foreign banks—U.S.
branches of foreign banks include any offices or places of
business of foreign banks that are located in the United
States at which deposits are accepted. U.S. agencies of
foreign banks generally include any offices or places of
business of foreign banks that are located in the United
States at which credit balances are maintained incidental
to or arising out of the exercise of banking powers but at
which deposits may not be accepted from citizens or
residents of the United States. For purposes of the
FR Y-9C, the term ‘‘U.S. branches and agencies of
foreign banks’’ covers:
(a) national banks;
(1) the U.S. branches and agencies of foreign banks;
(b) state-chartered commercial banks;
(2) the U.S. branches and agencies of foreign official
banking institutions, including central banks,
nationalized banks, and other banking institutions
owned by foreign governments; and
(c) trust companies that perform a commercial banking business;
(d) industrial banks;
(e) International Banking Facilities (IBFs) of U.S.
banks;
(f) Edge and Agreement corporations; and
Banks in foreign countries—The institutional composition of ‘‘banks in foreign countries’’ includes:
(g) private or unincorporated banks;
(2) the U.S.-domiciled branches and agencies of foreign
banks (as defined below).
U.S.
banks
U.S. branches
of U.S. banks
(including
IBFs) ..............
Foreign branches
of U.S. banks ...
Foreign branches
of foreign
banks ..............
U.S. branches
and agencies
of foreign
banks ..............
GL-14
Commercial
banks in
Foreign
the U.S.
banks
(3) investment companies that are chartered under Article
XII of the New York State banking law and that are
majority-owned by one or more foreign banks.
Banks in
foreign
countries
(1) the foreign-domiciled head offices and branches of:
(a) foreign commercial banks (including foreigndomiciled banking subsidiaries of U.S. banks and
of Edge and Agreement corporations);
(b) foreign savings banks or discount houses;
X
(c) nationalized banks not functioning either as central banks, as foreign development banks, or as
banks of issue;
X
X
X
(d) other similar foreign institutions that accept
short-term deposits; and
(2) the foreign-domiciled branches of U.S. banks.
X
X
See also ‘‘International Banking Facility (IBF).’’ Banks
in Foreign Countries: See ‘‘Banks, U.S. and foreign.’’
X
X
Bill-of-Lading Draft: See ‘‘Commodity or bill-of-lading
draft.’’
Glossary
FR Y-9C
June 2015
Glossary
Borrowings and Deposits in Foreign Offices: Borrowings in foreign offices include assets rediscounted with
central banks, certain participations sold in loans and
securities, government funding of loans, borrowings from
the Export–Import Bank, and rediscounted trade acceptances. Federal funds sold and repurchase agreements in
foreign offices should be reported in accordance with the
Glossary entries for ‘‘federal funds transactions’’ and
‘‘repurchase/resale agreements.’’ Liability accounts such
as accruals and allocated capital shall not be reported as
borrowings. Deposits consist of such other short-term
and long-term liabilities issued or undertaken as a means
of obtaining funds to be used in the banking business and
include those liabilities generally characterized as placements and takings, call money, and deposit substitutes.
Key factors in determining if a liability is a deposit or
borrowing are the provisions of the underlying contract.
If no such contract exists the confirmation may be used to
determine the nature of the liability.
Brokered Deposits: Brokered deposits represent deposits which the banking subsidiaries of the reporting holding company receives from brokers or dealers for the
account of others either directly or ultimately. Brokered
deposits include both those in which the entire beneficial
interest in a given deposit instrument issued by the bank
subsidiary is held by a single depositor and those in
which the broker sells participations in a given bank
instrument to one or more investors.
Section 202 of the Economic Growth, Regulatory Relief,
and Consumer Protection Act, enacted on May 24, 2018,
amends Section 29 of the Federal Deposit Insurance Act
to except a capped amount of reciprocal deposits from
treatment as, and from being reported as, brokered
deposits for qualifying institutions. The FDIC has
amended its regulations to conform to the treatment of
reciprocal deposits set forth in Section 202. Under Section 202, brokered deposits include “brokered at reciprocal deposits.” Brokered deposits do not include those
reciprocal deposits that are not “brokered reciprocal
deposits.”
As defined in Section 327.S(q) of the FDIC’s regulations,
“brokered reciprocal deposits” are “reciprocal deposits as
defined in Section 337.6(e)(2)(v) of the FDIC’s regulation that are not excepted from an institutions brokered
deposits pursuant to Section 227.6(e)” of the FDIC’s
regulations. As defined in Section 337.7(e)(2)(v) “reciprocal deposits” means “depostis received by an agent
FR Y-9C
Glossary March 2019
institution through a deposit placement network with the
same maturity (if any) and in the same aggregate amount
as covered deposits placed by the agent institution in
other network member banks.” Brokered reciprocal
deposits should be reported as brokered deposits in
Schedule HC-E, Memorandum items 1 and 2.
Brokered Retail Deposits: are brokered deposits that are
issued in denominations of $100,000 or less or that are
issued in denominations greater than $100,000 and participated out by the broker in shares of $100,000 or less.
In some cases, brokered retailed deposits are issued in
$1,000 amounts under a master certificate of deposit
issued by a bank subsidiary to a deposit broker in an
amount that exceeds $100,000. For these retail brokered
deposits, multiple purchases by individual depositors
from an individual bank subsidiary normally do not
exceed the applicable deposit insurance limit (either
$100,000 or $250,000), but under current deposit insurance rules the deposit broker is not required to provide
information routinely on these purchasers and their
account ownership capacity to the bank subsidiary issuing the deposits. If this information is not readily available to the issuing bank subsidiary, these brokered certificates of deposit in $1,000 amounts may be rebuttably
presumed to be fully insured brokered deposits and
should be reported in Schedule HC-E, Memorandum
item 1 or 2. In addition, some brokered deposits are
transaction accounts or money market deposit accounts
(MMDAs) that are denominated in amounts of $0.01 and
established and maintained by the deposit broker (or its
agent) as agent, custodian, or other fiduciary for the
broker’s customers. An individual depositor’s deposits
within the brokered transaction account or MMDA normally do not exceed the applicable deposit insurance
limit. As with retail brokered deposits, if information on
these depositors and their account ownership capacity is
not readily available to the bank subsidiary establishing
the transaction account or MMDA, the amounts in the
transaction account or MMDA may be rebuttably presumed to be fully insured brokered deposits and should
be reported in Schedule HC-E, Memorandum item 1 or 2.
For purposes of this report, the term deposit broker
includes:
(1) any person engaged in the business of placing deposits, or facilitating the placement of deposits, of third
parties with insured depository institutions or the
business of placing deposits with insured depository
GL-15
Glossary
institutions for the purpose of selling interests in
those deposits to third parties, and
(2) an agent or trustee who establishes a deposit account
to facilitate a business arrangement with an insured
depository institution to use the proceeds of the
account to fund a prearranged loan.
The term deposit broker does not include:
(1) an insured depository institution, with respect to
funds placed with that depository institution;
(2) an employee of an insured depository institution,
with respect to funds placed with the employing
depository institution;
(3) a trust department of an insured depository institution, if the trust in question has not been established
for the primary purpose of placing funds with insured
depository institutions;
(4) the trustee of a pension or other employee benefit
plan, with respect to funds of the plan;
(5) a person acting as a plan administrator or an investment adviser in connection with a pension plan or
other employee benefit plan provided that that person
is performing managerial functions with respect to
the plan;
(6) the trustee of a testamentary account;
(7) the trustee of an irrevocable trust (other than a trustee
who establishes a deposit account to facilitate a
business arrangement with an insured depository
institution to use the proceeds of the account to fund
a prearranged loan), as long as the trust in question
has not been established for the primary purpose of
placing funds with insured depository institutions;
(8) a trustee or custodian of a pension or profit sharing
plan qualified under Section 401(d) or 430(a) of the
Internal Revenue Code of 1986; or
(9) an agent or nominee whose primary purpose is not
the placement of funds with depository institutions.
(For purposes of applying this ninth exclusion from
the definition of deposit broker, ‘‘primary purposes’’
does not mean ‘‘primary activity,’’ but should be
construed as ‘‘primary intent.’’)
Notwithstanding these nine exclusions, the term deposit
broker includes any insured depository institution, and
any employee of any insured depository institution,
GL-16
which engages, directly or indirectly, in the solicitation of
deposits by offering rates of interest (with respect to such
deposits) which are significantly higher than the prevailing rates of interest on deposits offered by other insured
depository institutions having the same type of charter in
such depository institution’s normal market area.
In addition, deposit instruments of the reporting holding
company that are sold to brokers, dealers, or underwriters
(including both bank affiliates and nonbank subsidiaries
of the reporting holding company) who then reoffer
and/or resell these deposit instruments to one or more
investors, regardless of the minimum denomination
which the investor must purchase, are considered brokered
deposits.
In some cases, brokered deposits are issued in the name
of the depositor whose funds have been placed in a
holding company or its subsidiary by a deposit broker. In
other cases, a holding company’s deposit account records
may indicate that the funds have been deposited in the
name of a third-party custodian for the benefit of others
(e.g., ‘‘XYZ Corporation as custodian for the benefit of
others,’’ or ‘‘Custodial account of XYZ Corporation’’).
Unless the custodian meets one of the specific exemptions from the ‘‘deposit broker’’ definition in Section 29
of the Federal Deposit Insurance Act and this Glossary
entry, these custodial accounts should be reported as
brokered deposits in Schedule HC-E, Deposit Liabilities.
A deposit listing service whose only function is to
provide information on the availability and terms of
accounts is not facilitating the placement of deposits and
therefore is not a deposit broker per se. However, if a
deposit broker uses a deposit listing service to identify an
institution offering a high rate on deposits and then places
its customers’ funds at that institution, the deposits would
be brokered deposits and the institution should report
them as such in Schedule HC-E. The designation of these
deposits as brokered deposits is based not on the broker’s
use of the listing service but on the placement of the
deposits in the institution by the deposit broker.
Broker’s Security Draft: A broker’s security draft is a
draft with securities or title to securities attached that is
drawn to obtain payment for the securities. This draft is
sent to a bank for collection with instructions to release
the securities only on payment of the draft.
Business Combinations: The accounting and reporting
standards for business combinations are set forth in ASC
Topic 805, Business Combinations. ASC Topic 805
Glossary
FR Y-9C
September 2020
Glossary
requires that all business combinations, which are defined
as the acquisition of assets and assumption of liabilities
that constitute a business, be accounted for using the
acquisition method of accounting. The formation of a
joint venture, the acquisition of a group of assets that do
not constitute a business, and a transfer of net assets or
exchange of equity interests between entities under common control are not considered business combinations
and therefore are not accounted for using the acquisition
method of accounting.
Acquisition method − Under the acquisition method, the
acquirer in a business combination shall measure the
identifiable assets acquired, the liabilities assumed, and
any noncontrolling interest in the acquiree at their
acquisition-date fair values (with limited exceptions
specified in ASC Topic 805) using the definition of fair
value in ASC Topic 820, Fair Value Measurements and
Disclosures. The acquisition date is generally the date on
which the acquirer legally transfers the consideration,
acquires the assets, and assumes the liabilities of the
acquiree, i.e., the closing date. ASC Topic 805 requires
the acquirer to measure acquired receivables, including
loans, at their acquisition-date fair values. If ASC
Topic 326, Financial Instruments—Credit Losses, has not
been adopted, the acquirer may not recognize a separate
valuation allowance (e.g., allowance for loan and lease
losses) for the contractual cash flows that are deemed to
be uncollectible as of that date.
If ASC Topic 326 has been adopted, a holding company
is required to determine whether any acquired financial
assets meet the definition of a purchased creditdeteriorated (PCD) asset. For a financial asset that meets
the definition of a PCD asset, the holding company
applies the gross-up approach and records the acquired
financial asset at its purchase price plus acquisition-date
allowance for credit losses, which establishes the initial
amortized cost basis of the PCD asset. For acquired
financial assets that are not PCD assets, the acquirer
records the purchased financial assets at their acquisitiondate fair values. Additionally, for those acquired financial
assets within the scope of ASC Subtopic 326-20 that are
not PCD financial assets, an allowance is initially recorded
with a corresponding charge to the provision for credit
losses expense in the reporting period that includes the
acquisition date. See also the Glossary entries for “allowance for credit losses” and “purchased credit-deteriorated
assets.”
FR Y-9C
Glossary September 2020
The consideration transferred in a business combination
shall be calculated as the sum of the acquisition-date fair
values. Acquisition-related costs are costs the acquirer
incurs to effect a business combination such as finder’s
fees; advisory, legal, accounting, valuation, and other
professional or consulting fees; and general administrative costs. The acquirer shall account for acquisitionrelated costs as expenses in the periods in which the costs
are incurred and the services received. The cost to
register and issue debt or equity securities shall be
recognized in accordance with other applicable generally
accepted accounting principles.
At the acquisition date, an acquirer generally will not
have obtained all of the information necessary to measure
the fair values of the identifiable assets acquired, liabilities assumed, any noncontrolling interest in the acquiree,
and consideration transferred for the acquiree. Under
ASC Topic 805, if the initial accounting for a business
combination is incomplete by the end of the reporting
period in which the combination occurs, the acquirer
should report provisional amounts in its FR Y-9C for the
items for which the accounting is incomplete. Provisional
amounts should be based on the best information available. During the measurement period, the acquirer is
required to adjust the provisional amounts recognized at
the acquisition date, with a corresponding adjustment to
goodwill, to reflect new information obtained about facts
and circumstances that existed as of the acquisition date
that, if known, would have affected the measurement of
the amounts recognized as of that date. Topic 805 further
requires an acquirer to recognize adjustments to provisional amounts identified during the measurement period
in the reporting period in which adjustment amounts are
determined. The acquirer also must recognize in the
income statement for the same reporting period the effect
on earnings, if any, resulting from the adjustments to the
provisional amounts as if the accounting for the business
combination had been completed as of the acquisition
date. See ASC Topic 805 for additional guidance on the
measurement period and adjustments to provisional
amounts during this period.
ASC Topic 805 provides guidance for recognizing particular assets acquired and liabilities assumed. Acquired
assets may be tangible (such as securities or fixed assets)
or intangible (as discussed in the following paragraph).
An acquiring entity must not recognize the goodwill, if
any, or the deferred income taxes recorded by an acquired
entity before its acquisition. However, a deferred tax
GL-17
Glossary
liability or asset must be recognized for differences
between the assigned values and the tax bases of the
recognized assets acquired and liabilities assumed in a
business combination in accordance with ASC Topic
740, Income Taxes. (For further information, see the
Glossary entry for “income taxes.”)
Under ASC Topic 805, an intangible asset must be
recognized as an asset separately from goodwill if it
arises from contractual or other legal rights (regardless of
transferability or separability). Otherwise, an intangible
asset must be recognized as an asset separately from
goodwill only if it is separable, that is, it is capable of
being separated or divided from the entity and sold,
transferred, licensed, rented, or exchanged either individually or together with a related contract, identifiable
asset, or liability. Examples of intangible assets that must
be recognized as an asset separately from goodwill are
core deposit intangibles, purchased credit card relationships, servicing assets, favorable leasehold rights, trademarks, trade names, internet domain names, and noncompetition agreements. However, a holding company that is
a private company, as defined in U.S. GAAP, may elect
the private company accounting alternative for the recognition of certain identifiable intangible assets acquired in
a business combination provided by ASC Subtopic 80520, Business Combinations – Identifiable Assets and
Liabilities, and Any Noncontrolling Interest, if it also has
adopted the private company goodwill accounting alternative provided by ASC Subtopic 350-20, Intangibles –
Goodwill and Other – Goodwill. Intangible assets that
are recognized separately from goodwill must be reported
in Schedule HC, item 10(b), “Other intangible assets,”
and in Schedule HC-M, item 12. Refer to the Glossary
entry for “goodwill” for further information on the
private company accounting alternative for identifiable
intangible assets. See also the Glossary entries for “private company” and “public business entity.”
In general, the excess of the sum of the consideration
transferred in a business combination plus the fair value
of any noncontrolling interest in the acquiree over the net
of the acquisition-date amounts of the identifiable assets
acquired and the liabilities assumed measured in accordance with ASC Topic 805 must be recognized as
goodwill, which is reported in Schedule HC, item 10(a).
An acquired intangible asset that does not meet the
criteria described in the preceding paragraph must be
included in the amount recognized as goodwill. After
initial recognition, goodwill must be accounted for in
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accordance with ASC Topic 350, Intangibles-Goodwill
and Other, and the instructions for Schedule HI,
item 7.c.(1), “Goodwill impairment losses.”
In contrast, if the total acquisition-date amount of the
identifiable net assets acquired exceeds the consideration
transferred plus the fair value of any noncontrolling
interest in the acquiree (i.e., a bargain purchase), the
acquirer shall reassess whether it has correctly identified
all of the assets acquired and all the liabilities assumed
and shall recognize any additional assets or liabilities that
are identified in that review. If that excess remains after
the review, the acquirer shall recognize that excess in
earnings as a gain attributable to the acquirer on the
acquisition date and report the amount in Schedule HI,
item 5(l), ‘‘Other noninterest income.’’
Under the acquisition method, the historical equity capital balances of the acquired business are not to be carried
forward to the balance sheet of the combined holding
company. The operating results of the acquired business
are to be included in the income and expenses of the
reporting holding company only from the acquisition
date.
Pooling-of-interests method – Under the pooling-ofinterests method, the assets, liabilities, and capital of the
holding company and the business being acquired are
added together on a line-by-line basis without any adjustments for fair value. The historical cost-based amount
(cost adjusted for amortization of premiums and discounts or depreciation) of each asset, liability, and capital
account of the acquiring holding company is added to the
corresponding account of the business being acquired to
arrive at the balance sheet for the combined holding
company. However, the capital stock outstanding of the
combined holding company must be equal to the number
of shares issued and outstanding (including the shares
issued in connection with the acquisition) multiplied by
par or stated value.
If the sum of the capital stock accounts of the entities
being combined does not equal this amount (and it rarely,
if ever, will), adjustment is required. If the sum of the
capital stock accounts is less than the number of shares
outstanding of the combined holding company multiplied
by par or stated value, ‘‘Surplus,’’ Schedule HC, item 25,
must be debited for the amount of the difference and
‘‘Common stock,’’ Schedule HC, item 24, is credited. If
the surplus account is insufficient to absorb such an
adjustment, the remainder must be debited to ‘‘Retained
Glossary
FR Y-9C
September 2020
Glossary
earnings,’’ Schedule HC, item 26(a). If the sum of the
capital stock accounts is more than the amount of the
outstanding stock of the combined bank, ‘‘Surplus’’ must
be credited and ‘‘Common stock’’ debited.
Any adjustments necessary to conform the accounting
methods of the acquired entity to those of the reporting
holding company must be made, net of related tax effects,
to ‘‘Retained earnings.’’
For the year in which a pooling of interests occurs,
income and expenses must be reported in Schedule HI,
Income Statement, as though the companies had combined at the beginning of the year. The portion of the
adjustment necessary to conform the accounting methods
applicable to the current period must also be allocated to
income and expenses for the period.
Transactions between entities under common control – A
transaction in which net assets or equity interests (e.g.,
voting shares) that constitute a business are transferred
between entities under common control is not accounted
for as a business combination. The method used to
account for such transactions is similar to the pooling-ofinterests method. In accordance with ASC Subtopic
805-50, when applying a method similar to the poolingof-interests method to a transfer of net assets or an
exchange of equity interests between entities under common control, the entity that receives the net assets or
equity interests shall initially measure the recognized
assets and liabilities transferred at their carrying amounts
in the accounts of the transferring entity at the date of
transfer. If the carrying amounts of the assets and liabilities transferred differ from the historical cost of the
parent of the entities under common control, for example,
because pushdown accounting had not been applied, then
the financial statements of the receiving entity shall
reflect the transferred assets and liabilities at the historical cost of the parent of the entities under common
control. Consequently, and without regard to the pushdown accounting election made by the acquiree, if a
parent transfers the acquiree to another entity under
common control or merges the acquiree with another
entity under common control, the receiving entity accounts
for the acquiree using the parent’s historical cost for the
net assets or equity interests in the acquiree. The parent’s
historical cost includes the values of the acquiree’s assets
(including goodwill) and liabilities that were remeasured
at fair value on the acquisition date of the business
combination. If there has been a change in reporting
FR Y-9C
Glossary September 2021
entity as defined by ASC Subtopic 250-10, Accounting
Changes and Error Corrections–Overall, for the year in
which a transaction between entities under common
control occurs, income and expenses must be reported in
Schedule HI, Income Statement, as though the entities
had combined at the beginning of the year. The portion of
the adjustment necessary to conform the accounting
methods applicable to the current period must also be
allocated to income and expense for the period.
Call Option: See ‘‘Futures, forward, and standby
contracts.’’
Capital Contributions of Cash and Notes Receivable:
An institution may receive cash or a note receivable as a
contribution to its equity capital. The transaction may be
a sale of capital stock or a contribution to paid-in capital
(surplus), both of which are referred to hereafter as
capital contributions. The accounting for capital contributions in the form of notes receivable is set forth in ASC
Subtopic 505-10, Equity—Overall and SEC Staff
Accounting Bulletin No. 107 (Topic 4.E., Receivables
from Sale of Stock, in the Codification of Staff Accounting Bulletins). This Glossary entry does not address other
forms of contributions, for example, nonmonetary contributions to equity capital such as a building, or grants
received and recorded in accordance with ASC Subtopic 958-605, Not-For-Profit Entities, as applicable.4
A capital contribution of cash should be recorded in an
institution’s financial statements when received. Therefore, a capital contribution of cash prior to a quarter-end
report date should be reported as an increase in equity
capital in the institution’s reports for that quarter (in
Schedule HI-A, item 5 or 11, as appropriate). A contribution of cash after quarter-end should not be reflected as
an increase in the equity capital of an earlier reporting
period.
When an institution receives a note receivable rather than
cash as a capital contribution, ASC Subtopic 505-10
states that it is generally not appropriate to report the note
as an asset. As a consequence, the predominant practice
is to offset the note and the capital contribution in the
equity capital section of the balance sheet, i.e., the note
4. In accordance with ASC Subtopic 958-605, not-for-profit and business entities would report contributions received as revenue (i.e., income).
Although the scope of ASC Subtopic 958-605 excludes contributions made
by governmental entities to business (for-profit) entities, including depository institutions, entities scoped out of ASC Subtopic 958-605 are not
precluded from applying it by analogy when appropriate.
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Glossary
equity capital section of the balance sheet, i.e., the note
receivable is reported as a reduction of equity capital. In
this situation, the capital stock issued or the contribution
to paid-in capital should be reported in Schedule HC,
item 23, 24, or 25, as appropriate, and the note receivable
should be reported as a deduction from equity capital in
Schedule HC, item 26.c, ‘‘Other equity capital components.’’ No net increase in equity capital should be
reported in Schedule HI-A, Changes in Holding Company Equity Capital. In addition, when a note receivable
is offset in the equity capital section of the balance sheet,
accrued interest receivable on the note also should be
offset in equity (and reported as a deduction from equity
capital in Schedule HC, item 26.c), consistent with the
guidance in ASC Subtopic 505-10. Because a nonreciprocal transfer from an owner or another party to an
institution does not typically result in the recognition of
income or expense, the accrual of interest on a note
receivable that has been reported as a deduction from
equity capital should be reported as additional paid-in
capital rather than interest income.
However, ASC Subtopic 505-10 provides that an institution may record a note received as a capital contribution
as an asset, rather than a reduction of equity capital, only
if the note is collected in cash ‘‘before the financial
statements are issued.’’ The note receivable must also
satisfy the existence criteria described below. When
these conditions are met, the note receivable should be
reported separately from an institution’s other loans and
receivables in Schedule HC-F, item 6, ‘‘All other assets,’’
and individually itemized and described in accordance
with the instructions for item 6, if appropriate.
For purposes of this report, the financial statements are
considered issued at the earliest of the following dates:
(1) The submission deadline for the FR Y-9C report;
(2) Any other public financial statement filing deadline
to which the institution is subject; or
(3) The note must be executed and enforceable before
quarter-end.
To be reported as an asset, rather than a reduction of
equity capital, as of a quarter-end report date, a note
received as a capital contribution (that is collected in cash
as described above) must meet the definition of an asset
under generally accepted accounting principles by satisfying all of the following existence criteria:
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(1) There must be written documentation providing evidence that the note was contributed to the institution
prior to the quarter-end report date by those with
authority to make such a capital contribution on
behalf of the issuer of the note (e.g., if the contribution is by the institution’s parent holding company,
those in authority would be the holding company’s
board of directors or its chief executive officer or
chief financial officer);
(2) The note must be a legally binding obligation of the
issuer to fund a fixed and determinable amount by a
specified date; and
(3) The note must be executed and enforceable before
quarter-end.
Although a holding company may have a general intent
to, or may have entered into a capital maintenance
agreement with the institution that calls for it to, maintain
the institution’s capital at a specified level, this general
intent or agreement alone would not constitute evidence
that a note receivable existed at quarter-end. Furthermore, if a note receivable for a capital contribution
obligates the note issuer to pay a variable amount, the
institution must offset the note and equity capital. Similarly, an obligor’s issuance of several notes having fixed
face amounts, taken together, would be considered a
single note receivable having a variable payment amount,
which would require all the notes to be offset in equity
capital as of the quarter-end report date.
Capitalization of Interest: Interest costs associated with
the construction of a building shall, if material, be
capitalized as part of the cost of the building. Such
interest costs include both the actual interest incurred
when the construction funds are borrowed and the interest costs imputed to internal financing of a construction
project.
The interest rate utilized to capitalized interest on internally financed projects in the reporting period shall be the
rate(s) applicable to the holding company’s borrowings
outstanding during the period. For this purpose, a holding
company’s borrowings include interest-bearing deposits
and other interest-bearing liabilities. The interest capitalized shall not exceed the total amount of interest cost
incurred by the holding company during the reporting
period.
For further information, see ASC Subtopic 835-20, Interest – Capitalization of Interest.
Glossary
FR Y-9C
September 2020
Glossary
Carrybacks and Carryforwards: See ‘‘Income taxes.’’
Certificate of Deposit: See ‘‘Deposits.’’
Changes in Accounting Estimates: See ‘‘Accounting
changes.’’
Changes in Accounting Principles: See ‘‘Accounting
changes.’’
Commercial Banks in the U.S.: See ‘‘Banks, U.S. and
foreign.’’
Commercial Letter of Credit: See ‘‘Letter of credit.’’
Commercial Paper: Commercial paper consists of shortterm negotiable promissory notes. Commercial paper
matures in 270 days or less. Commercial paper may be
backed by a standby letter of credit from a bank, as in the
case of documented discounted notes. Holdings of commercial paper are to be reported as ‘‘securities’’ in
Schedule HC-B, unless held for trading and therefore
reportable in Schedule HC, item 5, ‘‘Trading assets.’’
Commodity or Bill-of-Lading Draft: A commodity or
bill-of-lading draft is a draft that is issued in connection
with the shipment of goods. If the commodity or bill-oflading draft becomes payable only when the shipment of
goods against which it is payable arrives, it is an arrival
draft. Arrival drafts are usually forwarded by the shipper
to the collecting depository institution with instructions
to release the shipping documents (e.g., bill of lading)
conveying title to the goods only upon payment of the
draft. Payment, however, cannot be demanded until the
goods have arrived at the drawee’s destination. Arrival
drafts provide a means of insuring payment of shipped
goods at the time that the goods are released.
Common Stock of Unconsolidated Subsidiaries,
Investments in: See the instructions to Consolidated
Financial Statements for Holding Companies, Schedule
HC, item 8, ‘‘Investments in unconsolidated subsidiaries
and associated companies.’’
Continuing Contract: See ‘‘Federal funds transactions.’’
Contractholder: A contractholder is the person, entity
or group to whom an annuity is issued.
Corporate Joint Venture: See ‘‘Subsidiaries.’’
Corrections of Accounting Errors: See “Accounting
changes.”
FR Y-9C
Glossary September 2020
Coupon Stripping, Treasury Receipts, and STRIPS:
Coupon stripping occurs when a security holder physically detaches unmatured coupons from the principal
portion of a security and sells either the detached coupons or the ex-coupon security separately. (Such transactions are generally considered by the Federal Reserve
to represent “improper investment practices” for holding
companies.) In accounting for such transactions, the
carrying amount of the security must be allocated between
the ex-coupon security and the detached coupons based
on their relative fair values at the date of the sale in
accordance with ASC Topic 860, Transfers and Servicing. (See the Glossary entry for “transfers of financial
assets.”)
Detached U.S. government security coupons and
ex-coupon U.S. government securities that are held for
purposes other than trading, whether resulting from the
coupon stripping activities of the reporting holding company or from its purchase of stripped securities, shall be
reported as “Other domestic debt securities” in Schedule
HC-B. The amount of any discount or premium relating
to the detached coupons or ex-coupon securities must be
amortized. (See the Glossary entry for “premiums and
discounts.”)
A variation of coupon stripping has been developed
by several securities firms which have marketed instruments with such names as CATS (Certificates of Accrual
on Treasury Securities), TIGR (Treasury Investment
Growth Receipts), COUGAR (Certificates on Government Receipts), LION (Lehman Investment Opportunity
Notes), and ETR (East Treasury Receipts). A securities
dealer purchases U.S. Treasury securities, delivers them
to a trustee, and sells receipts representing the rights to
future interest and/or principal payments on the U.S.
Treasury securities held by the trustee. Such Treasury
receipts are not an obligation of the U.S. government and,
when held for purposes other than trading shall be reported
as other (domestic) securities in Schedule HC-B, item
6(a). The discount on these Treasury receipts must be
accreted.
Under a program called Separate Trading of Registered
Interest and Principal of Securities (STRIPS), the U.S.
Treasury has issued certain long-term note and bond
issues that are maintained in the book-entry system
operated by the Federal Reserve Banks in a manner that
permits separate trading and ownership of the interest
and principal payments on these issues. Even after the
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Glossary
interest or principal portions of U.S. Treasury STRIPS
have been separately traded, they remain obligations of
the U.S. government. STRIPS held for purposes other
than trading shall be reported as U.S. Treasury securities
in Schedule HC-B, item 1. The discount on separately
traded portions of STRIPS must be accreted.
debt liability (not measured at fair value under a fair
value option) to be presented as a direct deduction from
the face amount of the related debt liability, similar to
debt discounts. Debt issuance costs, like debt discounts,
in effect reduce the proceeds of the borrowing, thereby
increasing the effective interest rate on the debt.
Detached coupons, ex-coupon securities, Treasury
receipts, and U.S. Treasury STRIPS held for trading
purposes shall be reported in Schedule HC, item 5, at fair
value.
For purposes of these reports, institutions should report
debt issuance costs as a direct deduction from the appropriate balance sheet liability category in Schedule HC,
e.g., item 16, “Other borrowed money,” or item 19,
“Subordinated notes and debentures.” However, debt
issuance costs associated with a recognized liability
reported at fair value under a fair value option should be
expensed as incurred.
Custody Account: A custody account is one in which
securities or other assets are held by a holding company
or subsidiary of the holding company on behalf of a
customer under a safekeeping arrangement. Assets held
in such capacity are not to be reported in the balance
sheet of the reporting bank nor are such accounts to be
reflected as a liability. Assets of the reporting holding
company held in custody accounts at banks that are
outside the holding company are to be reported on the
reporting holding company’s balance sheet in the appropriate asset categories as if held in the physical custody
of the reporting holding company.
Dealer Reserve Account: A dealer reserve account
arises when the holding company purchases at full face
value a dealer’s installment note receivables, but credits
less than the full face value directly to the dealer’s
account. The remaining amount is credited to a separate
dealer reserve account. That account is held by the
holding company as collateral for the installment notes
and, for reporting purposes, is treated as a deposit in
the appropriate items of Schedule HC-E. The bank will
subsequently disburse to the dealer predetermined portions of the reserve as the purchased notes are paid in a
timely manner.
Debt issuance costs should be amortized using the effective interest method. The amortization of debt issuance
costs should be reported as interest expense in the income
statement category appropriate to the related liability in
Schedule HI, e.g., item 2.c, “Interest on trading liabilities
and other borrowed money,” or item 2.d, “Interest on
subordinated notes and debentures.”
The guidance in ASC Subtopic 835-30 does not address
the presentation or subsequent measurement of debt
issuance costs related to line-of-credit arrangements. The
Federal Reserve would not object to an holding company
deferring and presenting debt issuance costs related to a
line-of-credit arrangement as an “Other asset” and subsequently amortizing the deferred debt issuance costs ratably over the term of the arrangement, regardless of
whether there are any outstanding borrowings on the
line-of-credit arrangement.
See also “Deposits.”
Deferred Compensation Agreements: Institutions often
enter into deferred compensation agreements with selected
employees as part of executive compensation and retention programs. These agreements are generally structured
as nonqualified retirement plans for federal income tax
purposes and are based upon individual agreements with
selected employees. Institutions purchase life insurance
in connection with many of these agreements. Bankowned life insurance may produce attractive taxequivalent yields that offset some or all of the costs of the
agreements.
Debt Issuance Costs: Debt issuance costs include the
underwriting, legal, accounting, printing, and other direct
costs incurred in connection with the issuance of debt.
ASC Subtopic 835-30, Interest—Imputation of Interest,
requires debt issuance costs associated with a recognized
Deferred compensation agreements with select employees under individual contracts generally do not constitute
postretirement income plans (i.e., pension plans) or postretirement health and welfare benefit plans. The accounting for individual contracts that, when taken together, do
For example, if a bank purchases $100,000 in notes from
a dealer for the full face amount ($100,000) and pays to
the dealer $90,000 in cash or in credits to his/her deposit
account, the remaining $10,000, which is held as collateral security, would be credited to the dealer reserve
account.
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Glossary
FR Y-9C
September 2020
Glossary
not represent a postretirement plan should follow ASC
Subtopic 710-10, Compensation-General – Overall. If the
individual contracts, taken together, are equivalent to a
plan, the plan should be accounted for under ASC
Topic 715, Compensation-Retirement Benefits.
ASC Subtopic 710-10 requires that an employer’s obligation under a deferred compensation agreement be accrued
according to the terms of the individual contract over the
required service period to the date the employee is fully
eligible to receive the benefits, i.e., the ‘‘full eligibility
date.’’ Depending on the individual contract, the full
eligibility date may be the employee’s expected retirement date, the date the employee entered into the contract, or a date between these two dates. ASC Subtopic
710-10 does not prescribe a specific accrual method for
the benefits under deferred compensation contracts, stating only that the ‘‘cost of those benefits shall be accrued
over that period of the employee’s service in a systematic
and rational manner.’’ The amounts to be accrued each
period should result in a deferred compensation liability
at the full eligibility date that equals the then present
value of the estimated benefit payments to be made under
the individual contract.
ASC Subtopic 710-10 does not specify how to select the
discount rate to measure the present value of the estimated
benefit payments. Therefore, other relevant accounting
literature must be considered in determining an appropriate discount rate. For purposes of these reports, an institution’s incremental borrowing rate5 and the current rate
of return on high-quality fixed-income debt securities6 are
acceptable discount rates to measure deferred compensation agreement obligations. An institution must select and
consistently apply a discount rate policy that conforms
with generally accepted accounting principles.
For each deferred compensation agreement to be accounted for in accordance with ASC Subtopic 710-10, an
institution should calculate the present value of the
5. ASC Subtopic 835-30, Interest–Imputation of Interest, states in part
that the rate used for valuation purposes will normally be at least equal to
the rate at which the debtor can obtain financing of a similar nature from
other sources at the date of the transaction.
6. Paragraph 186 in the Basis for Conclusions of former FASB Statement No. 106, “Employers’ Accounting for Postretirement Benefits Other
Than Pensions,” states that “[t]he objective of selecting assumed discount
rates is to measure the single amount that, if invested at the measurement
date in a portfolio of high-quality debt instruments, would provide the
necessary future cash flows to pay the accumulated benefits when due.”
FR Y-9C
Glossary September 2020
expected future benefit payments under the agreement at
the employee’s full eligibility date. The expected future
benefit payments can be reasonably estimated and should
be based on reasonable and supportable assumptions. The
estimated amount of these benefit payments should be
discounted because the benefits will be paid in periodic
installments after the employee retires.
For deferred compensation agreements commonly
referred to as revenue neutral or indexed retirement
plans,7 the expected future benefits should include both
the ‘‘primary benefit’’ and, if the employee is entitled to
‘‘excess earnings’’ that are earned after retirement, the
‘‘secondary benefit.’’ The number of periods the primary
and any secondary benefit payments should be discounted may differ because the discount period for each
type of benefit payment should be based upon the length
of time during which each type of benefit will be paid as
specified in the deferred compensation agreement.
After the present value of the expected future benefit
payments has been determined, an institution should
accrue an amount of compensation expense and a liability each year from the date the employee enters into the
deferred compensation agreement until the full eligibility
date. The amount of these annual accruals should be
sufficient to ensure that a deferred compensation liability
equal to the present value of the expected benefit payments is recorded by the full eligibility date. Any method
of deferred compensation accounting that does not recognize some expense in each year from the date the
employee enters into the agreement until the full eligibility date is not systematic and rational. (For indexed
retirement plans, some expense should be recognized for
7. Revenue neutral and indexed retirement plans are deferred compensation agreements that are typically designed so that the spread each year, if
any, between the tax-equivalent earnings on bank-owned life insurance
covering an individual employee and a hypothetical earnings calculation is
deferred and paid to the employee as a postretirement benefit. This spread
is commonly referred to as “excess earnings.” The hypothetical earnings
are computed based on a pre-defined variable index rate (e.g., cost of funds
or federal funds rate) times a notional amount. The agreement for this type
of plan typically requires the excess earnings that accrue before an employee’s retirement to be recorded in a separate liability account. Once the
employee retires, the balance in the liability account is generally paid to
the employee in equal annual installments over a set number of years (e.g.,
10 or 15 years). These payments are commonly referred to as the “primary
benefit” or “preretirement benefit.” The employee may also receive the
excess earnings that are earned after retirement. This benefit may continue
until his or her death and is commonly referred to as the “secondary
benefit” or “postretirement benefit.” The secondary benefit is paid annually, once the employee has retired, in addition to the primary benefit.
GL-23
Glossary
the primary benefit and any secondary benefit in each of
these years.)
Vesting provisions should be reviewed to ensure that the
full eligibility date is properly determined because this
date is critical to the measurement of the liability estimate. Because ASC Subtopic 710-10 requires that the
present value of the expected benefit payments be
recorded by the full eligibility date, institutions also need
to consider changes in market interest rates to appropriately measure deferred compensation liabilities. Therefore, institutions should periodically review their estimates of the expected future benefits under deferred
compensation agreements and the discount rates used to
compute the present value of the expected benefit payments and revise the estimates and rates, when appropriate.
Deferred compensation agreements may include noncompete provisions or provisions requiring employees to
perform consulting services during postretirement years.
If the value of the noncompete provisions cannot be
reasonably and reliably estimated, no value should be
assigned to the noncompete provisions in recognizing the
deferred compensation liability. Institutions should allocate a portion of the future benefit payments to consulting
services to be performed in postretirement years only if
the consulting services are determined to be substantive.
Factors to consider in determining whether postretirement consulting services are substantive include, but are
not limited to, whether the services are required to be
performed, whether there is an economic benefit to the
institution, and whether the employee forfeits the benefits
under the agreement for failure to perform such services.
Deferred compensation liabilities should be reported on
the balance sheet in Schedule HC, item 20, ‘‘Other
liabilities,’’ and in Schedule HC-G, item 4, ‘‘Other’’
liabilities. The annual compensation expense (service
component and interest component) related to deferred
compensation agreements should be reported in the
income statement in Schedule HI, item 7(a), ‘‘Salaries
and employee benefits.’’
See also ‘‘Bank-owned life insurance.’’
Deferred Income Taxes: See ‘‘Income taxes.’’
Defined Benefit Postretirement Plans: The accounting
and reporting standards for defined benefit postretirement
plans, such as pension plans and health care plans, are set
forth in ASC Topic 715, Compensation-Retirement Benefits. ASC Topic 715 requires an institution that sponsors a
GL-24
single-employer defined benefit postretirement plan to
recognize the funded status of each such plan on its
balance sheet. The funded status of a benefit plan is
measured as of the end of an institution’s fiscal year as
the difference between plan assets at fair value (with
limited exceptions) and the benefit obligation. An overfunded plan is recognized as an asset, which should be
reported in Schedule HC-F, item 6, “All other assets,”
while an underfunded plan is recognized as a liability,
which should be reported in Schedule HC-G, item 4,
“Other.”
A holding company should measure the net period
benefit cost of a defined benefit plan for a reporting
period in accordance with ASC Subtopic 715-30 for
pension plans, and ASC Subtopic 715-60 for other
postretirement benefit plans. This cost should be reported
in Schedule HI, item 7.a, “Salaries and employee benefits.” However, a holding company must recognize certain gains and losses and prior service costs or credits that
arise on a defined benefit plan during each reporting
period, net of tax, as a component of other comprehensive income (Schedule HI-A, item 12) and, hence, accumulated other comprehensive income (AOCI) (Schedule
HC, item 26.b). Postretirement plan amounts carried in
AOCI are adjusted as they are subsequently recognized in
earnings as components of a plan’s net periodic benefit
cost. For further information on accounting for defined
benefit postretirement plans, institutions should refer to
ASC Topic 715.
Impact on Regulatory Capital—A holding company that
has made the AOCI opt-out election in Schedule HC-R,
Part I, item 3.a, should reverse the effects on AOCI of
ASC Subtopic 715, for purposes of reporting and measuring the numerators and denominators for the leverage and
risk-based capital ratios. The intent of the reversal is to
neutralize for regulatory capital purposes the effects on
AOCI of the application of ASC Subtopic 715. The
instructions for Schedule HC-R, Part I, items 9(d) and 26,
and Schedule HC-R, Part II, item 8, provide guidance on
how to report adjustments to Tier 1 capital and riskweighted and total assets to reverse the effects of applying ASC Subtopic 715 for regulatory capital purposes.
Demand Deposits: See “Deposits.”
Depository Institutions: Depository institutions consist
of depository institutions in the U.S. and banks in foreign
countries.
Depository institutions in the U.S. consist of:
Glossary
FR Y-9C
September 2020
Glossary
(1) U.S. branches and agencies of foreign banks;
(2) U.S.-domiciled head offices and branches of U.S.
banks, i.e.,
(a) national banks,
(I) FDI Act definition of deposits.
(II) Transaction–nontransaction deposit
distinction.
(III) Interest noninterest-bearing deposit
distinction.
(b) state-chartered commercial banks,
(I) FDI Act definition of deposits:
(c) trust companies that perform a commercial banking business,
(1) the unpaid balance of money or its equivalent received
or held by a bank in the usual course of business and
for which it has given or is obligated to give credit,
either conditionally or unconditionally, to a commercial, checking, savings, time, or thrift account, or
which is evidenced by its certificate of indebtedness,
or other similar name, or a check or draft drawn
against a deposit account and certified by the bank, or
a letter of credit or a traveler’s check on which the
bank is primarily liable: Provided that, without limiting the generality of the term ‘‘money or its equivalent,’’ any such account or instrument must be
regarded as evidencing the receipt of the equivalent
of money when credited or issued in exchange for
checks or drafts or for a promissory note upon which
the person obtaining any such credit or instrument is
primarily or secondarily liable, or for a charge against
a deposit account, or in settlement of checks, drafts,
or other instruments forwarded to such bank for
collection.
(d) industrial banks,
(e) private or unincorporated banks,
(f) Edge and Agreement corporations, and
(g) International Banking Facilities of U.S. depository institutions; and
(3) U.S.-domiciled head offices and branches of other
depository institutions in the U.S., i.e.,
(a) mutual or stock savings banks,
(b) savings or building and loan associations,
(c) cooperative banks,
(d) credit unions,
(e) homestead associations, and
(f) International Banking Facilities (IBFs) of other
depository institutions in the U.S.; and
(g) other similar depository institutions in the U.S.
Banks in foreign countries consist of foreign branches of
foreign banks and foreign offices of U.S. banks.
See the Glossary entry for ‘‘Banks, U.S. and foreign,’’ for
a definition of foreign banks.
Deposits: The basic statutory and regulatory definitions
of ‘‘deposits’’ are contained in Section 3(1) of the Federal
Deposit Insurance Act and in the Federal Reserve Regulation D. The definitions in these two legal sources differ
in certain respects. Furthermore, for purposes of these
reports, the reporting standards for deposits specified in
these instructions do not strictly follow the precise legal
definitions in these two sources. In addition, deposits for
purposes of this report, include deposits of thrift institutions. The definitions of deposits to be reported in the
deposit items of the Consolidated Financial Statements
of Holding Companies are discussed below under the
following headings:
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Glossary June 2015
(2) trust funds as defined in this Act received or held by
such bank, whether held in the trust department or
held or deposited in any other department of such
bank.
(3) money received or held by a bank, or the credit given
for money or its equivalent received or held by a
bank, in the usual course of business for a special or
specific purpose, regardless of the legal relationship
thereby established, including without being limited
to, escrow funds, funds held as security for an
obligation due to the bank or others (including funds
held as dealers reserves) or for securities loaned by
the bank, funds deposited by a debtor to meet
maturing obligations, funds deposited as advance
payment on subscriptions to United States government securities, funds held for distribution or purchase of securities, funds held to meet its acceptances
or letters of credit, and withheld taxes: Provided that
there shall not be included funds which are received
by the bank for immediate application to the reduction of an indebtedness to the receiving bank, or
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Glossary
under condition that the receipt thereof immediately
reduces or extinguishes such an indebtedness.
(4) outstanding draft (including advice or authorization
to charge bank’s balance in another bank), cashier’s
check, money order, or other officer’s check issued in
the usual course of business for any purpose, including without being limited to those issued in payment
for services, dividends, or purchases, and
(5) such other obligations of a bank as the Board of
Directors of the Federal Deposit Insurance Corporation, after consultation with the Comptroller of the
Currency and the Board of Governors of the Federal
Reserve System, shall find and prescribe by regulation to be deposit liabilities by general usage.
(II) Transaction–nontransaction deposit distinction:
Deposits defined in Regulation D as transaction
accounts include demand deposits, NOW accounts,
telephone and preauthorized transfer accounts, and
savings deposits. However, for FR Y-9C report
purposes, savings deposits are classified as a type of
nontransaction account.
For institutions that have suspended the six transfer
limit on an account that meets the definition of a
savings deposit (as defined below in the Nontransaction accounts category), please refer to the “Treatment of Accounts where Reporting Institutions Have
Suspended Enforcement of the Six Transfer Limit per
Regulation D” section below for further details on
reporting savings deposits.
(1) Transaction accounts—For FR Y-9C purposes, with
the exceptions noted below, a “transaction account”
is a deposit or account from which the depositor or
account holder is permitted to make transfers or
withdrawals by negotiable or transferable instruments, payment orders of withdrawal, telephone
transfers, or other similar devices for the purpose of
making payments or transfers to third persons or
others or from which the depositor may make third
party payments at an automated teller machine
(ATM), a remote service unit (RSU), or another
electronic device, including by debit card.
Excluded from transaction accounts are savings
deposits (including money market deposit accounts—
MMDAs and other savings deposits) as defined
below in the nontransaction account category.
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For FR Y-9C purposes, transaction accounts consist
of the following types of deposits: (a) demand deposits; (b) NOW accounts (including accounts previously designated as “Super NOWs”); (c) ATS
accounts; and (d) telephone and preauthorized transfer accounts, all as defined below. Interest that is paid
by the crediting of transaction accounts is also
included in transaction accounts.
(a) Demand deposits are deposits that are payable
immediately on demand, or have an original
maturity or required notice period of less than
seven days, or that represent funds for which the
depository institution does not reserve the right to
require at least seven days’ written notice of an
intended withdrawal. Demand deposits include
any matured time deposits without automatic
renewal provisions, unless the deposit agreement
provides for the funds to be transferred at maturity to another type of account. Effective July 21,
2011, demand deposits may be interest-bearing
or noninterest-bearing. Demand deposits do not
include: (i) money market deposit accounts
(MMDAs) or (ii) NOW accounts, as defined
below in this entry.
(b) NOW accounts are interest-bearing deposits (i) on
which the depository institution has reserved the
right to require at least seven days’ written notice
prior to withdrawal or transfer of any funds in the
account and (ii) that can be withdrawn or transferred to third parties by issuance of a negotiable
or transferable instrument.
NOW accounts, as authorized by federal law, are
limited to accounts held by:
(i) Individuals or sole proprietorships;
(ii) Organizations that are operated primarily for
religious, philanthropic, charitable, educational, or other similar purposes and that are
not operated for profit. These include organizations, partnerships, corporations, or associations that are not organized for profit and
are described in section 501(c)(3) through
(13) and (19) and section 528 of the Internal
Revenue Code, such as church organizations; professional associations; trade associations; labor unions; fraternities, sororities
and similar social organizations; and nonprofit recreational clubs; or
Glossary
FR Y-9C
June 2015
Glossary
(iii) Governmental units including the federal
government; state governments; county and
municipal governments and their political
subdivisions; the District of Columbia; the
Commonwealth of Puerto Rico, American
Samoa, Guam, and any territory or possession of the United States and their political
subdivisions.
Also included are the balances of all NOW
accounts of certain other nonprofit organizations that may not fall within the above
description but that had established NOW
accounts with the reporting institution prior
to September 1, 1981.
NOTE: There are no regulatory requirements
with respect to minimum balances to be maintained in a NOW account or to the amount of
interest that may be paid on a NOW account.
Telephone and preauthorized transfer accounts
also include (1) the balances of deposits or
accounts that otherwise meet the definition of
savings deposits (other than MMDAs) or time
deposits, but from which payments may be made
to third parties by means of a debit card, an
automated teller machine, remote service unit or
other electronic device, regardless of the number
of payments made; and (2) deposits or accounts
maintained in connection with an arrangement
that permits the depositor to obtain credit directly
or indirectly through the drawing of a negotiable
or nonnegotiable check, draft, order or instruction or other similar device (including telephone
or electronic order or instruction) on the issuing
institution that can be used for purposes of
making payments or transfers to third persons
or others, or to another deposit account of the
depositor.
(c) ATS accounts are deposits or accounts of individuals on which the depository institution has
reserved the right to require at least seven days’
written notice prior to withdrawal or transfer of
any funds in the account and from which, pursuant to written agreement arranged in advance
between the reporting institution and the depositor, withdrawals may be made automatically
through payment to the depository institution
itself or through transfer of credit to a demand
deposit or other account in order to cover checks
or drafts drawn upon the institution or to maintain a specified balance in, or to make periodic
transfers to, such other accounts.
(2) Nontransaction accounts—All deposits that are not
transaction accounts (as defined above) are non transaction accounts. Nontransaction accounts include:
(a) savings deposits (including MMDAs and other
savings deposits) and (b) time deposits (time certificates of deposit and time deposits, open account).
Regulation D no longer distinguishes between money
market deposit accounts (MMDAs) and other savings
deposits. However, these two types of accounts are
defined as follows for purposes of these reports.
(d) Telephone or preauthorized transfer accounts
consist of deposits or accounts (1) in which the
entire beneficial interest is held by a party eligible to hold a NOW account, and (2) on which
the reporting institution has reserved the right to
require at least seven days’ written notice prior to
withdrawal or transfer of any funds in the account.
(a) Savings deposits are deposits that are not payable
on a specified date or after a specified period of
time from the date of deposit, but for which the
reporting institution expressly reserves the right
to require at least seven days’ written notice
before an intended withdrawal.
A “preauthorized transfer” includes any
arrangement by the reporting institution to pay
a third party from the account of a depositor
(1) upon written or oral instruction (including an
order received through an automated clearing
house (ACH), or (2) at a predetermined time or
on a fixed schedule.
FR Y-9C
Glossary March 2021
NOTE: Regulation D classifies savings deposits as a
type of transaction account. However, for FR Y-9C
report purposes, savings deposits are classified as a
type of nontransaction account.
Further, savings deposit accounts have no minimum balance required by regulation, no regulatory limitation on the amount of interest that may
be paid, and no minimum maturity required
(although depository institutions must reserve the
right to require at least seven days’ written notice
prior to withdrawal as stipulated above for a
savings deposit).
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Glossary
Any depository institution may place restrictions
and requirements on savings deposits in addition
to those stipulated above for each respective
account and in Federal Reserve Regulation D.
Treatment of Accounts where Reporting Institution Have Suspended Enforcement of the Six
Transfer Limit per Regulation D
Where the reporting institution has suspended the
enforcement of the six transfer limit rule on an
account that meets the definition of a savings
deposit, the reporting institution is required to
report such deposits as a savings account or a
transaction account based on an assessment of
the characteristics of the account as indicated
below:
1) If the reporting institution does not retain the
reservation of right to require at least seven
days’ written notice before an intended withdrawal, report the account as a demand deposit
(and as a “transaction account”).
2) If the reporting institution does retain the
reservation of right to require at least seven
days’ written notice before an intended withdrawal, report the account as either a NOW8
account (and as a “transaction account”) or as
a savings deposit (and as a nontransaction
account).
Regulation D no longer distinguishes between
money market deposit accounts (MMDAs) and
other savings deposits. However, these two types
of accounts are defined as follows for purposes of
these reports, which call for separate data on
each.
(1) Money market deposit accounts (MMDAs)
are deposits or accounts that meet the above
definition of a savings deposit and that permit unlimited transfers to be made by check,
draft, debit card or similar order made by the
depositor and payable to third parties.
by check, draft, debit card, or similar order
made by the depositor and payable to third
parties. Other savings deposits are commonly
known as passbook savings or statement
savings accounts.
Examples illustrating distinctions between
MMDAs and other savings deposits for purposes
of these reports are provided at the end of this
Glossary entry.
(b) Time deposits are payable on a specified date not
less than seven days after the date of deposit or
payable at the expiration of a specified time not
less than seven days after the date of deposit, or
payable only upon written notice that is actually
required to be given by the depositor not less than
seven days prior to withdrawal. Also, the depositor does not have a right, and is not permitted, to
make withdrawals from time deposits within six
days after the date of deposit unless the deposit is
subject to an early withdrawal penalty of at least
seven days’ simple interest on amounts withdrawn
within the first six days after deposit.9 A time
deposit from which partial early withdrawals are
permitted must impose additional early withdrawal penalties of at least seven days’ simple
interest on amounts withdrawn within six days
after each partial withdrawal. If such additional
early withdrawal penalties are not imposed, the
account ceases to be a time deposit. The account
may become a savings deposit if it meets the
requirements for a savings deposit; other wise it
becomes a demand deposit.
NOTE: The above prescribed penalties are the
minimum required by Federal Reserve Regulation D. Institutions may choose to require penalties for early withdrawal in excess of the
regulatory minimums.
Time deposits take two forms:
(2) Other savings deposits are deposits or
accounts that meet the above definition of a
savings deposit but that permit no transfers
(i) Time certificates of deposit (including rollover certificates of deposit) are deposits
evidenced by a negotiable or nonnegotiable instrument, or a deposit in book
8. The option to report as a NOW account (and a transaction account) is
only applicable to holding companies that offer NOW accounts. Holding
companies that do not offer NOW accounts should continue to report such
deposits as a savings deposit (and as a nontransaction account).
9. Accounts existing on March 31, 1986, may satisfy the early withdrawal penalties specified by Federal Reserve Regulation D by meeting the
Depository Institutions Deregulation Committee’s early withdrawal penalties in existence on March 31, 1986.
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FR Y-9C
March 2021
Glossary
entry form evidenced by a receipt or similar acknowledgement issued by the bank,
that provides, on its face, that the amount
of such deposit is payable to the bearer, to
any specified person, or to the order of a
specified person as follows:
(a) on a certain date not less than seven
days after the date of deposit,
(b) at the expiration of a specified period
not less than seven days after the date
of the deposit, or
(c) upon written notice to the bank which
is to be given not less than seven days
before the date of withdrawal.
(ii) Time deposits, open account are deposits
(other than time certificates of deposit) for
which there is in force a written contract
with the depositor that neither the whole
nor any part of such deposit may be withdrawn prior to:
(a) the date of maturity which shall be not
less than seven days after the date of
the deposit, or
(b) the expiration of a specified period of
written notice of not less than seven
days. These deposits include ‘‘club
accounts.’’ For purposes of the Consolidated Financial Statements of
Holding Companies, ‘‘club accounts’’
consist of accounts, such as Christmas
club and vacation club accounts, made
under written contracts that provide
that no withdrawal shall be made until
a certain number of periodic deposits
have been made during a period of not
less than three months, even though
some of the deposits are made within
six days of the end of such period.
Time deposits do not include the following
categories of liabilities even if they have an
original maturity of seven days or more:
(1) Any deposit or account that otherwise
meets the definition of a time deposit but
that allows withdrawals within the first
six days after deposit and that does not
FR Y-9C
Glossary March 2021
require an early withdrawal penalty of at
least seven days’ simple interest on
amounts withdrawn within those first six
days. Such deposits or accounts that meet
the definition of a savings deposit shall
be reported as savings deposits; otherwise they shall be reported as demand
deposits.
(2) The remaining balance of a time deposit
if a partial early withdrawal is made and
the remaining balance is not subject to
additional early withdrawal penalties of
at least seven days’ simple interest on
amounts withdrawn within six days after
each partial withdrawal. Such time deposits that meet the definition of a savings
deposit shall be reported as savings
deposits; otherwise they shall be reported
as demand deposits.
Reporting of Retail Sweep Arrangements—When a
depository institution establishes a retail sweep program,
the depository institution must ensure that its customer
account agreements provide for the existence of two
distinct accounts rather than a single account and the
funds are actually transferred between these two accounts
as described in the customer contract.
There are two key criteria for retail sweep programs:
(1) A depository institution must establish by agreement with its customer two legally separate accounts;
(2) The swept funds must actually be moved between the
customer’s two accounts on the official books and
records of the depository institution as of the close of
the business on the day(s) on which the depository
institution intends to report the funds.
A retail sweep program may not exist solely in records or
on systems that do not constitute official books and
records of the depository institution and that are not used
for any purpose other than generating its Report of
Transaction Accounts, Other Deposits and Vault Cash
(FR 2900) for submission to the Federal Reserve.
Further, for purposes of the FR Y-9C report, if all of the
criteria above are met, a holding company must determine the appropriate reporting of the accounts that are
components of a retail sweep program separately when it
reports its quarter-end deposit information in Schedules HC, HC-E, its quarterly averages in Schedule HC-K,
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Glossary
and its interest expense (if any) in Schedule HI. Thus,
when reporting quarterly averages in Schedule HC-K, a
holding company should include the accounts (excluding
noninterest-bearing demand deposits) involved in the
retail sweep arrangements each day or each week in the
appropriate separate items for average deposits. In addition, if the bank subsidiary pays interest on accounts
involved in retail sweep arrangements, the interest expense
reported in Schedule HI should be allocated between
both accounts based on the balances in these accounts
during the reporting period.
Interest noninterest-bearing deposit distinction:
(1) Interest-bearing deposit accounts consist of deposit
accounts on which the issuing depository institution
makes any payment to or for the account of any
depositor as compensation for the use of funds
constituting a deposit. Such compensation may be in
the form of cash, merchandise, or property or as a
credit to an account. An institution’s absorption of
expenses incident to providing a normal banking
function or its forbearance from charging a fee in
connection with such a service is not considered a
payment of interest.
Deposits with a zero percent interest rate that are
issued on a discount basis are to be treated as
interest-bearing. Deposit accounts on which the interest rate is periodically adjusted in response to changes
in market interest rates and other factors should be
reported as interest-bearing even if the rate has been
reduced zero, provided the interest rate on these
accounts can be increased as market conditions
change.
(2) Noninterest-bearing deposit accounts consist of
deposit accounts on which the issuing depository
institution makes no payment to or for the account of
any depositor as compensation for the use of funds
constituting a deposit. An institution’s absorption of
expenses incident to providing a normal banking
function or its forbearance from charging a fee in
connection with such a service is not considered a
payment of interest.
Noninterest-bearing deposit accounts include (i)
matured time deposits that are not automatically
renewable (unless the deposit agreement provides for
the funds to be transferred at maturity to another type
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of account) and (ii) deposits with a zero percent
stated interest rate that are issued at face value.
See also “Brokered deposits” and “Hypothecated deposits.”
Derivative Contracts: Holding companies commonly
use derivative instruments for managing (positioning or
hedging) their exposure to market risk (including interest
rate risk and foreign exchange risk), cash flow risk, and
other risks in their operations and for trading. The
accounting and reporting standards for derivative instruments, including certain derivative instruments embedded in other contracts, and for hedging activities are set
forth in ASC Topic 815, Derivatives and Hedging, which
holding companies must follow for purposes of these
reports. ASC Topic 815 requires all derivatives to be
recognized on the balance sheet as either assets or
liabilities at their fair value. A summary of the principal
provisions of ASC Topic 815 follows. For further information, see ASC Topic 815 which includes the implementation guidance issued by the FASB’s Derivatives
Implementation Group.
Definition of Derivative
ASC Topic 815 defines a “derivative instrument” as a
financial instrument or other contract with all three of the
following characteristics:
(1) It has one or more underlyings (i.e., specified interest
rate, security price, commodity price, foreign
exchange rate, index of prices or rates, or other
variable) and one or more notional amounts (i.e.,
number of currency units, shares, bushels, pounds, or
other units specified in the contract) or payment
provisions or both. These terms determine the amount
of the settlement or settlements, and in some cases,
whether or not a settlement is required.
(2) It requires no initial net investment or an initial net
investment that is smaller than would be required for
other types of contracts that would be expected to
have similar response to changes in market factors.
(3) Its terms require or permit net settlement, it can be
readily settled net by a means outside the contract, or
it provides for delivery of an asset that puts the
recipient in a position not substantially different from
net settlement.
Glossary
FR Y-9C
March 2021
Glossary
Certain contracts that may meet the definition of a
derivative are specifically excluded from the scope of
ASC Topic 815, including:
• “regular-way” securities trades, which are trades that
are completed within the time period generally established by regulations and conventions in the marketplace or by the exchange on which the trade is
executed;
• normal purchases and sales of an item other than a
financial instrument or derivative instrument (e.g., a
commodity) that will be delivered in quantities expected
to be used or sold by the reporting entity over a
reasonable period in the normal course of business;
• traditional life insurance and property and casualty
contracts; and
• certain financial guarantee contracts.
ASC Topic 815 has special criteria for determining
whether commitments to originate loans meet the definition of a derivative. Commitments to originate mortgage
loans that will be held for sale are accounted for as
derivatives. Commitments to originate mortgage loans
that will be held for investment are not accounted for as
derivatives. Also, all commitments to originate loans
other than mortgage loans are not accounted for as
derivatives. Commitments to purchase loans must be
evaluated to determine whether the commitment meets
the definition of a derivative under ASC Topic 815.
Types of Derivatives
The most common types of freestanding derivatives are
forwards, futures, swaps, options, caps, floors, and collars.
Forward contracts are agreements that obligate two
parties to purchase (long) and sell (short) a specific
financial instrument, foreign currency, or commodity at a
specified price with delivery and settlement at a specified
future date.
Futures contracts are standardized forward contracts that
are traded on organized exchanges. Exchanges in the U.S.
are registered with and regulated by the Commodity
Futures Trading Commission. The deliverable financial
instruments underlying interest-rate future contracts are
specified investment-grade financial instruments, such as
U.S. Treasury securities or mortgage-backed securities.
Foreign currency futures contracts involve specified
deliverable amounts of a particular foreign currency. The
FR Y-9C
Glossary June 2015
deliverable products under commodity futures contracts
are specified amounts and grades of commodities such as
gold bullion. Equity futures contracts are derivatives that
have a portion of their return linked to the price of a
particular equity or to an index of equity prices, such as
the Standard and Poor’s 500.
Other forward contracts are traded over the counter and
their terms are not standardized. Such contracts can only
be terminated, other than by receipt of the underlying
asset, by agreement of both buyer and seller. A forward
rate agreement is a forward contract that specifies a
reference interest rate and an agreed on interest rate (one
to be paid and one to be received), an assumed principal
amount (the notional amount), and a specific maturity
and settlement date.
Swap contracts are forward-based contracts in which two
parties agree to swap streams of payments over a specified period. The payments are based on an agreed upon
notional principal amount. An interest rate swap generally involves no exchange of principal at inception or
maturity. Rather, the notional amount is used to calculate
the payment streams to be exchanged. However, foreign
exchange swaps often involve the exchange of principal.
Option contracts (standby contracts) are traded on
exchanges and over the counter. Option contracts grant
the right, but do not obligate, the purchaser (holder) to
buy (call) or sell (put) a specific or standard commodity,
financial, or equity instrument at a specified price during
a specified period or at a specified date. A purchased
option is a contract in which the buyer has paid compensation (such as a fee or premium) to acquire the right to
sell or purchase an instrument at a stated price on a
specified future date. A written option obligates the
option seller to purchase or sell the instrument at the
option of the buyer of the contract. Option contracts may
relate to purchases or sales of securities, money market
instruments, futures contracts, other financial instruments, or commodities.
Interest rate caps are option contracts in which the cap
seller, in return for a premium, agrees to limit the cap
holder’s risk associated with an increase in interest rates.
If rates go above a specified interest-rate level (the strike
price or cap rate), the cap holder is entitled to receive cash
payments equal to the excess of the market rate over the
strike price multiplied by the notional principal amount.
For example, an issuer of floating-rate debt may purchase
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Glossary
a cap to protect against rising interest rates, while retaining
the ability to benefit from a decline in rates.
Interest rate floors are option contracts in which the floor
seller, in return for a premium, agrees to limit the risk
associated with a decline in interest rates based on a
notional amount. If rates fall below an agreed rate, the
floor holder will receive cash payments from the floor
writer equal to the difference between the market rate and
an agreed rate, multiplied by the notional principal amount.
Interest rate collars are option contracts that combine a
cap and a floor (one held and one written). Interest rate
collars enable a user with a floating rate contract to lock
into a predetermined interest-rate range often at a lower
cost than a cap or a floor.
Embedded Derivatives
Contracts that do not in their entirety meet the definition
of a derivative instrument, such as bonds, insurance
policies, and leases, may contain ‘‘embedded’’ derivative
instruments. Embedded derivatives are implicit or explicit
terms within a contract that affect some or all of the cash
flows or the value of other exchanges required by the
contract in a manner similar to a derivative instrument.
The effect of embedding a derivative instrument in
another type of contract (‘‘the host contract’’) is that
some or all of the cash flows or other exchanges that
otherwise would be required by the host contract, whether
unconditional or contingent upon the occurrence of a
specified event, will be modified based on one or more of
the underlyings.
An embedded derivative instrument shall be separated
from the host contract and accounted for as a derivative
instrument, i.e., bifurcated, if and only if all three of the
following conditions are met:
(1) The economic characteristics and risks of the embedded derivative instrument are not clearly and closely
related to the economic characteristics and risks of
the host contract,
(2) The contract (‘‘the hybrid instrument’’) that embodies the embedded derivative and the host contract is
not remeasured at fair value under otherwise applicable generally accepted accounting principles with
changes in fair value reported in earnings as they
occur, and
(3) A separate instrument with the same terms as the
embedded derivative instrument would be a considered a derivative.
GL-32
An embedded derivative instrument in which the underlying is an interest rate or interest rate index that alters
net interest payments that otherwise would be paid or
received on an interest-bearing host contract is considered to be clearly and closely related to the host contract
unless either of the following conditions exist:
(1) The hybrid instrument can contractually be settled in
such a way that the investor (holder) would not
recover substantially all of its initial recorded investment, or
(2) The embedded derivative could at least double the
investor’s initial rate of return on the host contract
and could also result in a rate of return that is at least
twice what otherwise would be the market return for
a contract that has the same terms as the host contract
and that involves a debtor with a similar credit
quality.
Examples of hybrid instruments (not held for trading
purposes) with embedded derivatives which meet the
three conditions listed above and must be accounted for
separately include debt instruments (including deposit
liabilities) whose return or yield is indexed to: changes in
an equity securities index (e.g., the Standard & Poor’s
500); changes in the price of a specific equity security; or
changes in the price of gold, crude oil, or some other
commodity. For purposes of these reports, when an
embedded derivative must be accounted for separately
from the host contract under ASC Topic 815, the carrying
value of the host contract and the fair value of the
embedded derivative may be combined and presented
together on the balance sheet in the asset or liability
category appropriate to the host contract.
Under ASC Subtopic 815-15, Derivatives and Hedging –
Embedded Derivatives, a holding company with a hybrid
instrument for which bifurcation would otherwise be
required is permitted to irrevocably elect to initially and
subsequently measure the hybrid instrument in its entirety
at fair value with changes in fair value recognized in
earnings. In addition, ASC Subtopic 815-15 subjects all
but the simplest forms of interest-only and principal-only
strips and all forms of beneficial interests in securitized
financial assets to the requirements of ASC Topic 815.
Thus, a holding company must evaluate such instruments
to identify those that are freestanding derivatives or that
are hybrid financial instruments that contain an embedded derivative requiring bifurcation. However, a beneficial interest that contains a concentration of credit risk in
Glossary
FR Y-9C
September 2020
Glossary
the form of subordination to another financial instrument
and certain securitized interests in prepayable financial
assets are not considered to contain embedded derivatives that must be accounted for separately from the host
contract. For further information, see ASC
Subtopic 815-15, Derivatives and Hedging – Embedded
Derivatives.
Except in limited circumstances, interest-only and
principal-only strips and beneficial interests in securitized assets that were recognized prior to the effective
date (or early adoption date) of ASC Subtopic 815-15 are
not subject to evaluation for embedded derivatives under
ASC Topic 815.
Recognition of Derivatives and Measurement of Derivatives and Hedged Items
A holding company should recognize all of its derivative
instruments on its balance sheet as either assets or
liabilities at fair value. As defined in ASC Topic 820, Fair
Value Measurements and Disclosures, fair value is the
price that would be received to sell an asset or paid to
transfer a liability in an orderly transaction between
market participants at the measurement date. For further
information, see the Glossary entry for “fair value.”
The accounting for changes in the fair value (that is,
gains and losses) of a derivative depends on whether it
has been designated and qualifies as part of a hedging
relationship and, if so, on the reason for holding it. Either
all or a proportion of a derivative may be designated as a
hedging instrument. The proportion must be expressed as
a percentage of the entire derivative. Gains and losses on
derivative instruments are accounted for as follows:
(1) No hedging designation—The gain or loss on a
derivative instrument not designated as a hedging
instrument, including all derivatives held for trading
purposes, is recognized currently in earnings.
(2) Fair value hedge—For a derivative designated as
hedging the exposure to changes in the fair value of a
recognized asset or liability or a firm commitment,
which is referred to as a fair value hedge, the gain or
loss on the derivative as well as the offsetting loss or
gain on the hedged item attributable to the risk being
hedged should be recognized currently in earnings.
(3) Cash flow hedge—For a derivative designated as
hedging the exposure to variable cash flows of an
existing recognized asset or liability or a forecasted
transaction, which is referred to as a cash flow hedge,
FR Y-9C
Glossary September 2020
the effective portion of the gain or loss on the
derivative should initially be reported outside of
earnings as a component of other comprehensive
income and subsequently reclassified into earnings in
the same period or periods during which the hedged
transaction affects earnings. The remaining gain or
loss on the derivative instrument, if any, (i.e., the
ineffective portion of the gain or loss and any component of the gain or loss excluded from the assessment of hedge effectiveness) should be recognized
currently in earnings.
(4) Foreign currency hedge—For a derivative designated as hedging the foreign currency exposure of a
net investment in a foreign operation, the gain or loss
is reported outside of earnings in other comprehensive income as part of the cumulative translation
adjustment. For a derivative designated as a hedge of
the foreign currency exposure of an unrecognized
firm commitment or an available-for-sale security,
the accounting for a fair value hedge should be
applied. Similarly, for a derivative designated as a
hedge of the foreign currency exposure of a foreigncurrency denominated forecasted transaction, the
accounting for a cash flow hedge should be applied.
To qualify for hedge accounting, the risk being hedged
must represent an exposure to an institution’s earnings.
In general, if the hedged item is a financial asset or
liability, the designated risk being hedged can be (1) all
risks, i.e., the risk of changes in the overall fair value of
the hedged item or the risk of overall changes in the
hedged cash flows; (2) the risk of changes in the fair
value or cash flows of the hedged item attributable to
changes in the benchmark interest rate;10 (3) the risk of
changes in the fair value or cash flows of the hedged item
attributable to changes in foreign exchange rates; or (4)
the risk of changes in the fair value or cash flows of the
hedged item attributable to changes in the obligor’s
creditworthiness. For held-to-maturity securities, only
credit risk, foreign exchange risk, or both may be hedged.
Designated hedging instruments and hedged items qualify
for fair value or cash flow hedge accounting if all of the
10. The benchmark interest rate is a widely recognized and quoted rate
in an active financial market that is broadly indicative of the overall level
of interest rates attributable to high-credit-quality obligors in that market.
In theory, this should be a risk-free rate. In the U.S., interest rates on U.S.
Treasury securities and the LIBOR swap rate are considered benchmark
interest rates.
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Glossary
criteria specified in ASC Topic 815 are met. These
criteria include:
(1) At inception of the hedge, there is formal documentation of the hedging relationship and the institution’s
risk management objective and strategy for undertaking the hedge, including identification of the hedging
instrument, the hedged item or transaction, the nature
of the risk being hedged, and how the hedging
instrument’s effectiveness will be assessed. There
must be a reasonable basis for how the institution
plans to assess the hedging instrument’s effectiveness.
(2) Both at inception of the hedge and on an ongoing
basis, the hedging relationship is expected to be
highly effective in achieving offsetting changes in
fair value or offsetting cash flows attributable to the
hedged risk during the period that the hedge is
designated or the term of the hedge. An assessment
of effectiveness is required whenever financial statements or earnings are reported, and at least every
three months. All assessments of effectiveness shall
be consistent with the risk management strategy
documented for that particular hedging relationship.
In a fair value hedge, an asset or a liability is eligible for
designation as a hedged item if the hedged item is
specifically identified as either all or a specific portion of
a recognized asset or liability or of an unrecognized firm
commitment, the hedged item is a single asset or liability
(or a specific portion thereof) or is a portfolio of similar
assets or a portfolio of similar liabilities (or a specific
portion thereof), and certain other criteria specified in
ASC Topic 815 are met. If similar assets or similar
liabilities are aggregated and hedged as a portfolio, the
individual assets or individual liabilities must share the
risk exposure for which they are designated as being
hedged. The change in fair value attributable to the
hedged risk for each individual item in a hedged portfolio
must be expected to respond in a generally proportionate
manner to the overall change in fair value of the aggregate portfolio attributable to the hedged risk.
In a cash flow hedge, the individual cash flows related to
a recognized asset or liability and the cash flows related
to a forecasted transaction are both referred to as a
forecasted transaction. Thus, a forecasted transaction is
eligible for designation as a hedged transaction if the
forecasted transaction is specifically identified as a single
transaction or a group of individual transactions, the
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occurrence of the forecasted transaction is probable, and
certain other criteria specified in ASC Topic 815 are met.
If the hedged transaction is a group of individual transactions, those individual transactions must share the same
risk exposure for which they are designated as being
hedged.
An institution should discontinue prospectively its use of
fair value or cash flow hedge accounting for an existing
hedge if any of the qualifying criteria for hedge accounting is no longer met; the derivative expires or is sold,
terminated, or exercised; or the institution removes the
designation of the hedge. When this occurs for a cash
flow hedge, the net gain or loss on the derivative should
remain in ‘‘Accumulated other comprehensive income’’
and be reclassified into earnings in the periods during
which the hedged forecasted transaction affects earnings.
However, if it is probable that the forecasted transaction
will not occur by the end of the originally specified time
period (as documented at the inception of the hedging
relationship) or within an additional two-month period of
time thereafter (except as noted in ASC Topic 815), the
derivative gain or loss reported in ‘‘Accumulated other
comprehensive income’’ should be reclassified into earnings immediately.
For a fair value hedge, in general, if a periodic assessment
of hedge effectiveness indicates noncompliance with the
highly effective criterion that must be met in order to
qualify for hedge accounting, an institution should not
recognize adjustment of the carrying amount of the hedged
item for the change in the item’s fair value attributable to
the hedged risk after the last date on which compliance
with the effectiveness criterion was established.
With certain limited exceptions, a nonderivative instrument, such as a U.S. Treasury security, may not be
designated as a hedging instrument.
Reporting Derivative Contracts in the FR Y-9C
When a holding company enters into a derivative contract, it should classify the derivative as either held for
trading or held for purposes other than trading (end-user
derivatives) based on the reasons for entering into the
contract. All derivatives must be reported at fair value on
the balance sheet (Schedule HC).
Trading derivatives with positive fair values should be
reported as trading assets in Schedule HC, item 5. Trading
derivatives with negative fair values should be reported as
trading liabilities in Schedule HC, item 15. Changes in the
Glossary
FR Y-9C
December 2020
Glossary
fair value (that is, gains and losses) of trading derivatives
should be recognized currently in earnings and included in
Schedule HI, item 5(c), “Trading revenue.”
Freestanding derivatives held for purposes other than
trading (and embedded derivatives that are accounted for
separately under ASC Topic 815, which the holding
company has chosen to present separately from the host
contract on the balance sheet) that have positive fair
values should be included in Schedule HC-F, item 6,
‘‘Other’’ assets. Freestanding derivatives held for purposes other than trading (and embedded derivatives that
are accounted for separately under ASC Topic 815,
which the holding company has chosen to present separately from the host contract on the balance sheet) that
have negative fair values should be included in Schedule
HC-G, item 4, ‘‘Other’’ liabilities. Net gains (losses) on
derivatives held for purposes other than trading that are
not designated as hedging instruments should be recognized currently in earnings and reported consistently as
either ‘‘Other noninterest income’’ or ‘‘Other noninterest
expense’’ in Schedule HI, item 5(l) or item 7(d), respectively.
Netting of derivative assets and liabilities is prohibited on
the balance sheet except as permitted under ASC Subtopic 210-20, Balance Sheet – Offsetting, See the Glossary entry for “offsetting.”
Holding companies must report the notional amounts of
their derivative contracts (both freestanding derivatives
and embedded derivatives that are accounted for separately from their host contract under ASC Topic 815) by
risk exposure in Schedule HC-L, first by type of contract
in Schedule HC-L, item 11, and then by purpose of
contract (i.e., trading, other than trading) in Schedule
HC-L, items 12 and 13. Holding companies must then
report the gross fair values of their derivatives, both
positive and negative, by risk exposure and purpose of
contract in Schedule HC-L, item 14. However, these
items exclude credit derivatives, the notional amounts
and gross fair values of which must be reported in
Schedule HC-L, item 7.
Discounts: See ‘‘Premiums and discounts.’’
Dividends: Cash dividends are payments of cash to
stockholders in proportion to the number of shares they
own. Cash dividends on preferred and common stock
are to be reported on the date they are declared by the
holding company’s board of directors (the declaration
FR Y-9C
Glossary September 2020
date) by debiting ‘‘retained earnings’’ and crediting
‘‘dividends declared not yet payable,’’ which is to be
reported in other liabilities. Upon payment of the dividend, ‘‘dividends declared not yet payable’’ is debited for
the amount of the cash dividend with an offsetting credit,
normally in an equal amount, to ‘‘dividend checks outstanding’’ which is reportable in the ‘‘official checks’’
category of the consolidated holding company’s deposit
liabilities.
A liability for dividends payable may not be accrued in
advance of the formal declaration of a dividend by the
board of directors. However, the holding company may
segregate a portion of retained earnings in the form of a
capital reserve in anticipation of the declaration of a
dividend.
Stock dividends are distributions of additional shares to
stockholders in proportion to the number of shares they
own. Stock dividends are to be reported by transferring
an amount equal to the fair value of the additional shares
issued from retained earnings to a category of permanent
capitalization (common stock and surplus). However, the
amount of any mandatory and discretionary transfers
must be reduced by the amount of any mandatory and
discretionary transfers previously made (such as those
from retained earnings to surplus for increasing the
holding company’s legal lending limit) provided such
transfers have not already been used to record a stock
dividend. In any event, the amount transferred from
retained earnings may not be less than the par or stated
value of the additional shares being issued.
Property dividends, also known as dividends in kind, are
distributions to stockholders of assets other than cash.
The transfer of securities of other companies, real property, or any other asset owned by the reporting holding
company to a stockholder or related party is to be
recorded at the fair value of the asset on the declaration
date of the dividend. A gain or loss on the transferred
asset must be recognized in the same manner as if the
property had been disposed of in an outright sale at or
near the declaration date.
Domestic Office: For purposes of these reports, a domestic office of the reporting holding company is a branch or
consolidated subsidiary (other than an Edge or Agreement subsidiary) located in the 50 states of the United
States or the District of Columbia or a branch on a U.S.
military facility wherever located. However, if the reporting holding company is chartered and headquartered in
GL-35
Glossary
Puerto Rico or a U.S. territory or possession, a branch or
consolidated subsidiary located in the 50 states of the
United States, the District of Columbia, Puerto Rico, or a
U.S. territory or possession is a domestic office. The
domestic offices of the reporting holding company exclude
all International Banking Facilities (IBFs); all offices of
Edge and Agreement subsidiaries, including their U.S.
offices; and all branches and other consolidated subsidiaries of the holding company located in foreign countries.
Domicile: Domicile is used to determine the foreign
(non-U.S. addressee) or domestic (U.S. addressee) location of a customer of the reporting holding company for
the purposes of these reports. Domicile is determined by
the principal residence address of an individual or the
principal business address of a corporation, partnership,
or sole proprietorship. If other addresses are used for
correspondence or other purposes, only the principal
address, insofar as it is known to the reporting holding
company, should be used in determining whether a
customer should be regarded as a U.S. or non-U.S.
addressee.
For purposes of defining customers of the reporting holding company, U.S. addressees include residents of the 50
states of the United States, the District of Columbia,
Puerto Rico, and U.S. territories and possessions. The term
U.S. addressee generally includes U.S.-based subsidiaries
of foreign banks and U.S. branches and agencies of foreign
banks. Non-U.S. addressees include residents of any foreign country. The term non-U.S. addressee generally
includes foreign-based subsidiaries of other U.S. banks
and holding companies.
For customer identification purposes, the IBFs of other
U.S. depository institutions are U.S. addressees. (This is
in contrast to the treatment of the IBFs of a subsidiary
bank which are treated as foreign offices of the bank.)
Due Bills: A due bill is an obligation that results when a
holding company or its subsidiaries sell an asset and
receives payment, but does not deliver the security or
other asset. A due bill can also result from a promise to
deliver an asset in exchange for value received. In both
cases, the receipt of the payment creates an obligation
regardless of whether the due bill is issued in written
form. Outstanding due bill obligations shall be reported
as borrowings in Schedule HC, item 16, ‘‘Other borrowed money,’’ by the issuing holding company. Conversely, when the reporting holding company or its
GL-36
consolidated subsidiaries are the holders of a due bill, the
outstanding due bill obligation of the seller shall be
reported as a loan to that party.
Edge and Agreement Corporation: An Edge corporation is a federally-chartered corporation organized under
Section 25(a) of the Federal Reserve Act and subject
to Federal Reserve Regulation K. Edge corporations are
allowed to engage only in international banking or other
financial transactions related to international business.
An Agreement corporation is a state-chartered corporation that has agreed to operate as if it were organized
under Section 25 of the Federal Reserve Act and has
agreed to be subject to Federal Reserve Regulation K.
Agreement corporations are restricted, in general, to
international banking operations. Banks must apply to
the Federal Reserve for permission to acquire stock in an
Agreement corporation.
An Edge or Agreement subsidiary of the consolidated
holding company, i.e., the majority-owned Edge or
Agreement corporation of the consolidated holding company, is treated for purposes of these reports as a
“foreign” office of the reporting holding company.
Equity-Indexed Certificates of Deposit: Under ASC
Topic 815, Derivatives and Hedging, a certificate of
deposit that pays “interest” based on changes in an equity
securities index is a hybrid instrument with an embedded
derivative that must be accounted for separately from the
host contract, i.e., the certificate of deposit. For further
information, see the Glossary entry for “Derivative Contracts.” Examples of equity-indexed certificates of deposit
include the “Index Powered CD” and the “Dow Jones
Industrials Indexed Certificate of Deposit.”
At the maturity date of a typical equity-indexed certificate of deposit, the holder of the certificate of deposit
receives the original amount invested in the deposit plus
some or all of the appreciation, if any, in an index of
stock prices over the term of the certificate of deposit.
Thus, the equity-indexed certificate of deposit contains
an embedded equity call option. To manage the market
risk of its equity indexed certificates of deposit, an
institution that issues these deposits normally enters into
one or more separate freestanding equity derivative contracts with an overall term that matches the term of the
certificates of deposit. At maturity, these separate derivatives are expected to provide the institution with a cash
payment in an amount equal to the amount of appreciation, if any, in the same stock price index that is
Glossary
FR Y-9C
September 2020
Glossary
embedded in the certificates of deposit, thereby providing
the institution with the funds to pay the ‘‘interest’’ on the
equity-indexed certificates of deposit. During the term of
the separate freestanding equity derivative contracts, the
institution will periodically make either fixed or variable
payments to the counterparty on these contracts.
When an institution issues an equity-indexed certificate
of deposit, it must either account for the written equity
call option embedded in the deposit separately from the
certificate of deposit host contract or irrevocably elect to
account for the hybrid instrument (the equity-indexed
certificate of deposit) in its entirety at fair value.
• If the institution accounts for the written equity call
option separately from the certificate of deposit, the
fair value of this embedded derivative on the date the
certificate of deposit is issued must be deducted from
the amount the purchaser invested in the deposit,
creating a discount on the certificate of deposit that
must be amortized to interest expense over the term of
the deposit using the effective interest method. This
interest expense should be reported in the income
statement in the appropriate subitem of Schedule HI,
item 2(a), ‘‘Interest on deposits.’’ The equity call
option must be ‘‘marked to market’’ at least quarterly
with any changes in the fair value of the option
recognized in earnings. On the balance sheet, the
carrying value of the certificate of deposit host contract
and the fair value of the embedded equity derivative
may be combined and reported together as a deposit
liability on the balance sheet (Schedule HC) and in the
deposit schedule (Schedule HC-E).
• If the institution elects to account for the equityindexed certificate of deposit in its entirety at fair
value, no discount is to be recorded on the certificate of
deposit. Rather, the equity-indexed certificate of deposit
must be ‘‘marked to market’’ at least quarterly, with
changes in the instrument’s fair value reported in the
income statement consistently in either item 5(l),
‘‘Other noninterest income,’’ or item 7(d), ‘‘Other
noninterest expense’’, excluding interest expense
incurred that is reported in the appropriate subitem of
Schedule HI, item 2(a), ‘‘Interest on deposits.’’
As for the separate freestanding derivative contracts the
institution enters into to manage its market risk, these
derivatives must be carried on the balance sheet as assets
or liabilities at fair value and ‘‘marked to market’’ at least
quarterly with changes in their fair value recognized in
FR Y-9C
Glossary March 2017
earnings. The fair value of the freestanding derivatives
should not be netted against the fair value of the embedded equity derivatives for balance sheet purposes because
these two derivatives have different counterparties. The
periodic payments to the counterparty on these freestanding derivatives must be accrued with the expense reported
in earnings along with the change in the derivative’s fair
value. In the income statement (Schedule HI), the
changes in the fair value of the embedded and freestanding derivatives, including the effect of the accruals for the
payments to the counterparty on the freestanding derivatives, should be netted and reported consistently in either
item 5(l), ‘‘Other noninterest income,’’ or item 7(d),
‘‘Other noninterest expense.’’
Unless the institution that issues the equity-indexed certificate of deposit elects to account for the certificate of
deposit in its entirety at fair value, the notional amount of
the embedded equity call option must be reported in
Schedule HC-L, item 11(d)(1), column C, and item 13,
column C, and its fair value (which will always be
negative or zero, but not positive) must be reported in
Schedule HC-L, item 14(b)(2), column C. The notional
amount of the freestanding equity derivative must be
reported in the appropriate subitem of Schedule HC-L,
item 11, column C (e.g., item 11(e), column C, if it is an
equity swap), and in Schedule HC-L, item 13, column C.
The fair value of the freestanding equity derivative must
be included in the appropriate subitem of Schedule HC-L,
item 14(b), column C. The equity derivative embedded in
the equity-indexed certificate of deposit is a written option,
which is not covered by the Federal Reserve’s risk-based
capital standards. However, the freestanding equity derivative is covered by these standards.
An institution that purchases an equity-indexed certificate of deposit for investment purposes must either
account for the embedded purchased equity call option
separately from the certificate of deposit host contract or
irrevocably elect to account for the hybrid instrument
(the equity-indexed certificate of deposit) in its entirety at
fair value.
• If the institution accounts for the purchased equity call
option separately from the certificate of deposit, the
fair value of this embedded derivative on the date of
purchase must be deducted from the purchase price of
the certificate, creating a discount on the deposit that
must be accreted into income over the term of the
deposit using the effective interest method. This accretion should be reported in the income statement in
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Glossary
Schedule HI, item 1(c). The embedded equity derivative must be ‘‘marked to market’’ at least quarterly with
any changes in its fair value recognized in earnings.
These fair value changes should be reported consistently in Schedule HI in either item 5(l), ‘‘Other
noninterest income,’’ or item 7(d), ‘‘Other noninterest
expense.’’ The carrying value of the certificate of
deposit host contract and the fair value of the embedded equity derivative may be combined and reported
together as interest-bearing balances due from other
depository institutions on the balance sheet in Schedule
HC, item 1(b).
• If the institution elects to account for the equityindexed certificate of deposit in its entirety at fair
value, no discount is to be recorded on the certificate of
deposit. Rather, the equity-indexed certificate of deposit
must be ‘‘marked to market’’ at least quarterly, with
changes in the instrument’s fair value reported in the
income statement consistently in either item 5(l),
‘‘Other noninterest income,’’ or item 7(d), ‘‘Other
noninterest expense,’’ excluding interest income that is
reported in Schedule HI, item 1(c).
Unless the institution that purchases the equity-indexed
certificate of deposit elects to account for the certificate
of deposit in its entirety at fair value, the notional amount
of the embedded derivative must be reported in Schedule
HC-L, item 11(d)(2), column C, and item 13, column C,
and its fair value (which will always be positive or zero,
but not negative) must be reported in Schedule HC-L,
item 14(b)(1), column C. The embedded equity derivative in the equity-indexed certificate of deposit is a
purchased option, which is subject to the Federal
Reserve’s risk-based capital standards unless the fair
value election has been made.
Equity Method of Accounting: The equity method of
accounting shall be used to account for:
(1) Investments in subsidiaries that have not been consolidated; associated companies; and corporate joint
ventures, unincorporated joint ventures, and general
partnerships over which the holding company exercises significant influence; and
(2) Noncontrolling investments in:
(a) Limited partnerships; and
(b) Limited liability companies that maintain ‘‘specific ownership accounts’’ for each investor and
GL-38
are within the scope of ASC Subtopic 323-30,
Investments-Equity Method and Joint Ventures –
Partnerships, Joint Ventures, and Limited Liability Entities.
unless the investment in the limited partnership or limited
liability company is so minor that the limited partner or
investor may have virtually no influence over the operating and financial policies of the partnership or company.
Consistent with guidance in ASC Subtopic 323-30,
Investments-Equity Method and Joint Ventures – Partnerships, Joint Ventures, and Limited Liability Entities,
noncontrolling investments of more than 3 to 5 percent
are considered to be more than minor.
The entities in which these investments have been made
are collectively referred to as ‘‘investees.’’
Under the equity method, the carrying value a holding
company’s investment in an investee is originally recorded
at cost but is adjusted periodically to record as income
the holding company’s proportionate share of the investee’s earnings or losses and decreased by the amount of
cash dividends or similar distributions received from the
investee. For purposes of the FR Y-9C report, the date
through which the carrying value of the holding company’s investment in an investee has been adjusted
should, to the extent practicable, match the report date of
the FR Y-9C, but in no case differ by more than 93 days
from the report.
See also “subsidiaries.”
Excess Balance Account: An excess balance account
(EBA) is a limited-purpose account at a Federal Reserve
Bank established for maintaining the excess balances of
one or more depository institutions (participants) that are
eligible to earn interest on balances held at the Federal
Reserve Banks. An EBA is managed by another depository institution that has its own account at a Federal
Reserve Bank (such as a participant’s pass-through correspondent) and acts as an agent on behalf of the
participants. Balances in an EBA represent a liability of a
Federal Reserve Bank directly to the EBA participants
and not to the agent. The Federal Reserve Banks pay
interest on the average balance in the EBA over a 7-day
maintenance period and the agent disburses that interest
to each participant in accordance with the instructions of
the participant. Only a participant’s excess balances may
be placed in an EBA; the account balance cannot be used
to satisfy the participant’s reserve balance requirements.
Glossary
FR Y-9C
September 2020
Glossary
The reporting of an EBA by participants and agents
differs from the required reporting of a pass-through
reserve relationship, which is described in the Glossary
entry for “pass-through reserve balances.”
A participant’s balance in an EBA is to be treated as a
claim on a Federal Reserve Bank (not as a claim on the
agent) and, as such, should be reported on the balance
sheet in Schedule HC, item 1.b, “Interest-bearing balances” due from depository institutions. For risk-based
capital purposes, the participant’s balance in an EBA is
accorded a zero percent risk weight and should be
reported in Schedule HC-R, Part II, item 1, “Cash and
balances due from depository institutions,” column C. A
participant should not include its balance in an EBA in
Schedule HC, item 3.a, ”Federal funds sold.”
The balances in an EBA should not be reflected as an
asset or a liability on the balance sheet of the depository
institution that acts as the agent for the EBA. Thus, the
agent should not include the balances in the EBA in
Schedule HC, item 1.b, “Interest-bearing balances” due
from depository institutions; Schedule HC, item 13.a.(2),
“Interest-bearing deposits (in domestic offices); or Schedule HC-R, Part II, item 1, “Cash and balances due from
depository institutions.”
Extinguisments of Liabilities: The accounting and
reporting standards for extinguishments of liabilities are
set forth in ASC Subtopic 405-20, Liabilities – Extinguishments of Liabilities. Under ASC Subtopic 405-20, a
holding company should remove a previously recognized
liability from its balance sheet if and only if the liability
has been extinguished. A liability has been extinguished if
either of the following conditions are met:
(1) The holding company pays the creditor and is
relieved of its obligation for the liability. Paying the
creditor includes delivering cash, other financial
assets, goods, or services or the holding company’s
reacquiring its outstanding debt.
(2) The holding company is legally released from being
the primary obligor under the liability, either judicially or by the creditor.
Holding companies should aggregate their gains and
losses from the extinguishment of liabilities (debt),
including losses resulting from the payment of prepayment penalties on borrowings such as Federal Home
Loan Bank advances, and consistently report the net
amount in item 7(d), ‘‘Other noninterest expense,’’ of the
FR Y-9C
Glossary September 2020
income statement (Schedule HI). Only if a holding
company’s debt extinguishments normally result in net
gains over time should the holding company consistently
report its net gains (losses) in Schedule HI, item 5(l),
‘‘Other noninterest income.’’
In addition, under ASC Subtopic 470-50, Debt – Modifications and Extinguishments, Issue No. 96-19, the
accounting for the gain or loss on the modification or
exchange of debt depends on whether the original and the
new debt instruments are substantially different. If they
are substantially different, the transaction is treated as an
extinguishment of debt and the gain or loss on the
modification or exchange is reported immediately in
earnings as discussed in the preceding paragraph. If the
original and new debt instruments are not substantially
different, the gain or loss on the modification or replacement of the debt is deferred and recognized over time as
an adjustment to the interest expense on the new borrowing. ASC Subtopic 470-50 provides guidance on how to
determine whether the original and the new debt instruments are substantially different.
Fails: When a holding company or its subsidiaries have
sold an asset and, on settlement date, do not deliver the
security or other asset and do not receive payment, a sales
fail exists. When a holding company or its subsidiaries
have purchased a security or other asset and, on settlement date, do not receive the asset and do not pay for it, a
purchase fail exists. Fails do not affect the way securities
are reported in the FR Y-9C. However, the receivable
from a Fail should be reported in other assets. Likewise a
payable from a Fail should be reported in other liabilities.
Fair Value: ASC Topic 820, Fair Value Measurements
and Disclosures, defines fair value and establishes a
framework for measuring fair value. ASC Topic 820
should be applied when other accounting topics require
or permit fair value measurements. For further information, refer to ASC Topic 820.
Fair value is defined as the price that would be received
to sell an asset or paid to transfer a liability in an orderly
transaction between market participants in the asset’s or
liability’s principal (or most advantageous) market at the
measurement date. This value is often referred to as an
‘‘exit’’ price. An orderly transaction is a transaction that
assumes exposure to the market for a period prior to the
measurement date to allow for marketing activities that
are usual and customary for transactions involving such
GL-39
Glossary
assets or liabilities; it is not a forced liquidation or
distressed sale.
ASC Topic 820 establishes a three level fair value
hierarchy that prioritizes inputs used to measure fair
value based on observability. The highest priority is
given to Level 1 (observable, unadjusted) and the lowest
priority to Level 3 (unobservable). The broad principles
for the hierarchy follow.
Level 1 fair value measurement inputs are quoted prices
(unadjusted) in active markets for identical assets or
liabilities that a holding company has the ability to access
at the measurement date. In addition, a Level 1 fair value
measurement of a liability can also include the quoted
price for an identical liability when traded as an asset in
an active market when no adjustments to the quoted price
of the asset are required.
Level 2 fair value measurement inputs are inputs other
than quoted prices included within Level 1 that are
observable for the asset or liability, either directly or
indirectly. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for
substantially the full term of the asset or liability.
Depending on the specific factors related to an asset or a
liability, certain adjustments to Level 2 inputs may be
necessary to determine the fair value of the asset or
liability. If those adjustments are significant to the asset
or liability’s fair value in its entirety, the adjustments
may render the fair value measurement to a Level 3
measurement.
Level 3 fair value measurement inputs are unobservable
inputs for the asset or liability. Although these inputs
may not be readily observable in the market, the fair
value measurement objective is, nonetheless, to develop
an exit price for the asset or liability from the perspective
of a market participant. Therefore, Level 3 fair value
measurement inputs should reflect the holding company’s own assumptions about the assumptions that a
market participant would use in pricing an asset or
liability and should be based on the best information
available in the circumstances.
Refer to ASC Topic 820 for additional fair value measurement guidance, including considerations related to
holding large positions (blocks), the existence of multiple
active markets, and the use of practical expedients.
Measurement of Fair Values in Stressed Market
Conditions—The measurement of various assets and
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liabilities on the balance sheet - including trading assets
and liabilities, available-for-sale securities, loans held for
sale, assets and liabilities accounted for under the fair
value option, and foreclosed assets - involves the use of
fair values. During periods of market stress, the fair
values of some financial instruments and nonfinancial
assets may be difficult to determine. Institutions are
reminded that, under such conditions, fair value measurements should be determined consistent with the objective
of fair value set forth in ASC Topic 820.
ASC Topic 820 provides guidance on determining fair
value when the volume and level of activity for an asset
or liability have significantly decreased when compared
with normal market activity for the asset or liability (or
similar assets or liabilities). According to ASC Topic
820, if there has been such a significant decrease, transactions or quoted prices may not be determinative of fair
value because, for example, there may be increased
instances of transactions that are not orderly. In those
circumstances, further analysis of transactions or quoted
prices is needed, and a significant adjustment to the
transactions or quoted prices may be necessary to estimate fair value in accordance with ASC Topic 820.
Federal Funds Transactions: For purposes of the FR Y9C, federal funds transactions involve the lending (federal funds sold) or borrowing (federal funds purchased)
in domestic offices of immediately available funds under
agreements or contracts that have an original maturity of
one business day or roll over under a continuing contract. However, funds lent or borrowed in the form of
securities resale or repurchase agreements, due bills,
borrowings from the Discount and Credit Department of
a Federal Reserve Bank, deposits with and advances
from a Federal Home Loan Bank, and overnight loans for
commercial and industrial purposes are excluded from
federal funds. Transactions that are to be reported as
federal funds transactions may be secured or unsecured
or may involve an agreement to resell loans or other
instruments that are not securities.
Immediately available funds are funds that the purchasing holding company can either use or dispose of on the
same business day that the transaction giving rise to the
receipt or disposal of the funds is executed.
The borrowing and lending of immediately available
funds have an original maturity of one business day if the
funds borrowed on one business day are to be repaid or
the transaction reversed on the next business day, that is,
Glossary
FR Y-9C
September 2016
Glossary
if immediately available funds borrowed today are to be
repaid tomorrow (in tomorrow’s immediately available
funds). Such transactions include those made on a Friday
to mature or be reversed the following Monday and those
made on the last business day prior to a holiday (for
either or both of the parties to the transaction) to mature
or be reversed on the first business day following the
holiday.
A continuing contract is a contract or agreement that
remains in effect for more than one business day but has
no specified maturity and does not require advance notice
of either party to terminate. Such contracts may also be
known as rollovers or as open-ended agreements.
Federal funds may take the form of the following two
types of transactions in domestic offices provided that the
transactions meet the above criteria (i.e., immediately
available funds with an original maturity of one business
day or under a continuing contract):
(1) Unsecured loans (federal funds sold) or borrowings
(federal funds purchased). (In some market usage,
the term “fed funds” or “pure fed funds” is confined
to unsecured loans of immediately available balances.)
(2) Purchases (sales) of financial assets (other than securities) under agreements to resell (repurchase) that
have original maturities of one business day (or are
under continuing contracts) and are in immediately
available funds.
Any borrowing or lending of immediately available
funds in domestic offices that has an original maturity of
more than one business day, other than security repurchase or resale agreements, is to be treated as a borrowing or as a loan, not as federal funds. Such transactions
are sometimes referred to as ‘‘term federal funds.’’
Federally-Sponsored Lending Agency: A federallysponsored lending agency is an agency or corporation
that has been chartered, authorized, or organized as a
result of federal legislation for the purpose of providing
credit services to a designated sector of the economy.
These agencies include Banks for Cooperatives, Federal
Home Loan Banks, the Federal Home Loan Mortgage
Corporation, Federal Intermediate Credit Banks, Federal
Land Banks, the Federal National Mortgage Association,
and the Student Loan Marketing Association.
Fees, Loan: See “Loan fees.”
FR Y-9C
Glossary September 2020
Foreclosed Assets: The accounting and reporting standards for foreclosed assets are set forth in ASC Subtopic
310-40, Receivables – Troubled Debt Restructurings by
Creditors, and ASC Topic 360, Property, Plant, and
Equipment. Subsequent to the issuance of FASB Statement No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets” (the predecessor of ASC
Topic 360), AICPA Statement of Position (SOP) No. 92-3,
Accounting for Foreclosed Assets was rescinded. Certain
provisions of SOP 92-3 are not present in FASB Statement No. 144, but the application of these provisions
represents prevalent practice in the banking industry and
is consistent with safe and sound banking practices.
These provisions of SOP 92-3 have been incorporated
into this Glossary entry, which holding companies must
follow for purposes of preparing their FR Y-9C reports.
A holding company that receives from a borrower in full
satisfaction of a loan either receivables from a third party,
an equity interest in the borrower, or another type of asset
(except a long-lived asset that will be sold) shall initially
measure the asset received at its fair value at the time of
the restructuring. When a holding company receives a
long-lived asset, such as real estate, from a borrower in
full satisfaction of a loan, the long-lived asset is rebuttably presumed to be held for sale and the holding company shall initially measure this asset at its fair value less
cost to sell. The fair value (less cost to sell, if applicable)
of the asset received in full satisfaction of the loan
becomes the ‘‘cost’’ of the asset. The amount, if any, by
which the recorded investment in the loan (or the amortized cost basis of the loan, if the holding company has
adopted ASC Topic 326, Financial Instruments—Credit
Losses)11 exceeds the fair value (less cost to sell, if
applicable) of the asset is a loss which must be charged to
the allowance for loan and lease losses (or allowance for
credit losses, if the institution has adopted ASC Topic 326)
at the time of restructuring, foreclosure, or repossession.
In those cases where property is received in full satisfaction of an asset other than a loan (e.g., a debt security),
the loss should be reported on the income statement in a
manner consistent with the balance sheet classification of
the asset satisfied.
11. The recorded investment in the loan is the loan balance adjusted for
any unamortized premium or discount and unamortized loan fees or costs,
less any amount previously charged off, plus recorded accrued interest. For
holding companies that have adopted ASC Topic 326, the term “amortized
cost basis” is used in place of “recorded investment.” See the Glossary
entry for “amortized cost basis.”
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Glossary
If an asset is sold shortly after it is received in a
restructuring, foreclosure, or repossession, it would generally be appropriate to substitute the value received in
the sale (net of the cost to sell for a long- lived asset, such
as real estate, that has been sold) for the fair value (less
cost to sell for a long-lived asset, such as real estate, that
will be sold) that had been estimated at the time of
restructuring, foreclosure, or repossession. Any adjustments should be made to the loss charged against the
allowance.
An asset received in partial satisfaction of a loan should
be initially measured as described above and the recorded
investment in the loan should be reduced by the fair value
(less cost to sell, if applicable) of the asset at the time of
restructuring, foreclosure, or repossession.
The measurement and accounting subsequent to acquisition for real estate received in full or partial satisfaction
of a loan, including through foreclosure or repossession,
is discussed below in this Glossary entry. For other types
of assets that a holding company receives in full or partial
satisfaction of a loan, the holding company generally
should subsequently measure and account for such assets
in accordance with other applicable generally accepted
accounting principles and regulatory reporting instructions for such assets.
For purposes of this report, foreclosed assets (other than
real estate property collateralizing a consumer mortgage
loan) include loans where the holding company, as
creditor, has received physical possession of a borrower’s
assets, regardless of whether formal foreclosure proceedings take place. A holding company, as creditor, is
considered to have received physical possession of residential real estate property collateralizing a consumer
mortgage loan only upon the occurrence of either of the
following:
a. The holding company obtains legal title to the
residential real estate property upon completion of a
foreclosure even if the borrower has redemption
rights whereby they have a legal right for a period
of time after a foreclosure to reclaim the real estate
property by paying certain amounts specified by
law.
b. The borrower conveys all interest in the residential
real estate property to the bank to satisfy the loan
through completion of a deed in lieu of foreclosure
or through a similar legal agreement. The deed in
lieu of foreclosure or similar legal agreement is
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completed when agreed-upon terms and conditions
have been satisfied by both the borrower and the
creditor.12
In such situations, the secured loan should be recategorized on the balance sheet in the asset category appropriate to the underlying collateral (e.g., as other real estate
owned for real estate collateral) and accounted for as
described above.
The amount of any senior debt (principal and accrued
interest) to which foreclosed real estate is subject at the
time of foreclosure must be reported as a liability in
Schedule HC, items 16, “Other borrowed money.”
After foreclosure, each foreclosed real estate asset (including any real estate for which the holding company
receives physical possession,) must be carried at the
lower of (1) the fair value of the asset minus the
estimated costs to sell the asset or (2) the cost of the asset
(as defined in the preceding paragraphs). This determination must be made on an asset-by-asset basis. If the fair
value of a foreclosed real estate asset minus the estimated
costs to sell the asset is less than the asset’s cost, the
deficiency must be recognized as a valuation allowance
against the asset which is created through a charge to
expense. The valuation allowance should thereafter be
increased or decreased (but not below zero) through
charges or credits to expense for changes in the asset’s
fair value or estimated selling costs.
If a foreclosed real estate asset is held for more than a
short period of time, any declines in value after foreclosure and any gain or loss from the sale or disposition of
the asset shall not be reported as a loan or lease loss or
recovery and shall not be debited or credited to the
allowance for loan and lease losses (or allowance for
credit losses, if the holding company has adopted ASC
Topic 326). Such additional declines in value and the
gain or loss from the sale or disposition shall be reported
12. Refer to FASB’s ASU No. 2014-04, “Reclassification of Residential
Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure”
for transition guidance. The ASU must be applied by public business
entities with a fiscal calendar year in their March 2015 FR Y-9C Reports
and by private entities with a fiscal calendar year in their March 2016
FR Y-9C Reports. Early adoption is permitted. Entities can elect either a
prospective or modified retrospective approach. Under the modified retrospective approach, entities should apply a cumulative-effect adjustment to
residential consumer mortgage loans and OREO existing as of the beginning of the annual period for which the amendments are effective.
Glossary
FR Y-9C
December 2016
Glossary
net on the income statement in Schedule HI, item 5(J)
“Net gains (losses) on sales of other real estate owned.”
Reporting Certain Government-Guaranteed Mortgage
Loans upon Foreclosure—ASC Subtopic 310-40 clarifies
the conditions under which a creditor must derecognize a
government-guaranteed mortgage loan and recognize a
separate “other receivable” upon foreclosure (that is,
when a creditor receives physical possession of real
estate property collateralizing a mortgage loan). When
these conditions are met, other real estate owned should
not be recognized by a holding company. A holding
company should derecognize a mortgage loan and record
a separate other receivable upon foreclosure of the real
estate collateral if all of the following conditions are met:
• The loan has a government guarantee that is not
separable from the loan before foreclosure.
• At the time of foreclosure, the holding company has
the intent to convey the property to the guarantor and
make a claim on the guarantee and it has the ability to
recover under that claim.
• At the time of foreclosure, any amount of the claim that
is determined on the basis of the fair value of the real
estate is fixed (that is, the real estate property has been
appraised for purposes of the claim and thus the
holding company is not exposed to changes in the fair
value of the property).
This guidance is applicable to fully and partially
government-guaranteed mortgage loans provided the
three conditions identified above have been met. In such
situations, upon foreclosure, the separate other receivable
should be measured based on the amount of the loan
balance (principal and interest) expected to be recovered
from the guarantor. This other receivable should be
reported in Schedule HC-F, item 6, “All other assets.”
Any interest income earned on the other receivable
should be reported in Schedule HI, item 1(g), “Other
interest income.”
Dispositions of Foreclosed Real Estate—Until the effective date of ASU 2014-09 “Revenue from Contracts with
Customers,” which includes amendments to ASC Subtopic 610-20, Other Income–Gains and Losses from the
Derecognition of Nonfinancial Assets, the primary
accounting guidance for sales of foreclosed real estate is
ASC Subtopic 360-20, Property, Plant, and Equipment–
Real Estate Sales. When it takes effect, ASC Subtopic
610-20 supersedes ASC Subtopic 360-20 for real estate
FR Y-9C
Glossary September 2020
sales not accompanied by a leaseback and becomes the
primary accounting guidance for sales of foreclosed real
estate.
This Glossary entry presents a summary of the methods
included in ASC Subtopic 360-20 for holding companies
that have not yet adopted ASC 610-20. For holding
companies that have adopted ASC Subtopic 610-20, this
Glossary entry also presents a summary of the provisions
of ASC Subtopic 610-20, which requires the application
of specified portions of ASC Topic 606, Revenue from
Contracts with Customers, to a holding company’s sale
of repossessed nonfinancial assets such as foreclosed real
estate (also referred to as other real estate owned or
OREO).
Effective Date of ASU 2014-09, including ASC Subtopic
610-20 (and ASC Topic 606)–For holding companies
that are public business entities, these standards are
effective for fiscal years beginning after December 15,
2017, including interim reporting periods within those
fiscal years. For holding companies that are not public
business entities (i.e., that are private companies), the
standards are effective for fiscal years beginning after
December 15, 2018, and interim reporting periods within
fiscal years beginning after December 15, 2019. For
further information, see the Glossary entries for “public
business entity” and “private company.” Early application of these standards is permitted for all holding
companies for fiscal years beginning after December 15,
2016, and interim reporting periods as prescribed in the
standards. A holding company that early adopts these
standards must apply them (including all of ASC Topic
606 on revenue recognition) in their entirety. If holding
company chooses to early adopt these standards for
financial reporting purposes, the holding company should
implement them in its FR Y-9C report for the same
quarter-end report date.
Accounting under ASC Subtopic 360-20–This subtopic,
which applies to all transactions in which the seller
provides financing to the buyer of the real estate, establishes the following methods to account for dispositions
of real estate. If a profit is involved in the sale of real
estate, each method sets forth the manner in which the
profit is to be recognized. Regardless of which method is
used, however, any losses on the disposition of real estate
should be recognized immediately.
(1) Full Accrual Method–Under the full accrual method,
the disposition is recorded as a sale. Any profit
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Glossary
resulting from the sale is recognized in full and the
asset resulting from the seller’s financing of the
transaction is reported as a loan. This method may be
used when the following conditions have been met:
(a) A sale has been consummated;
(b) The buyer’s initial investment (down payment)
and continuing investment (periodic payments)
are adequate to demonstrate a commitment to pay
for the property;
(c) The receivable is not subject to future subordination; and
(d) The usual risks and rewards of ownership have
been transferred.
uidelines for the minimum down payment that must
be made in order for a transaction to qualify for the
full accrual method are set forth in ASC Subtopic
360-20. These vary from five percent to 25 percent of
the property’s sales value. These guideline percentages vary by type of property and are primarily based
on the inherent risk assumed for the type and characteristics of the property. To meet the continuing
investment criteria, the contractual loan payments
must be sufficient to repay the loan over the customary loan term for the type of property involved. Such
periods may range up to 30 years for loans on single
family residential property.
(2) Installment Method–Dispositions of foreclosed real
estate that do not qualify for the full accrual method
may qualify for the installment method. This method
recognizes a sale and the corresponding loan. Any
profits on the sale are only recognized as the holding
company receives payments from the purchaser/
borrower. Interest income is recognized on an accrual
basis, when appropriate.
The installment method is used when the buyer’s
down payment is not adequate to allow use of the full
accrual method but recovery of the cost of the
property is reasonably assured if the buyer defaults.
Assurance of recovery requires careful judgment on a
case-by-case basis. Factors which should be considered include: the size of the down payment, loan-tovalue ratios, projected cash flows from the property,
recourse provisions, and guarantees.
Since default on the loan usually results in the
seller’s reacquisition of the real estate, reasonable
GL-44
assurance of cost recovery may often be achieved
with a relatively small down payment. This is especially true in situations involving loans with recourse
to borrowers who have verifiable net worth, liquid
assets, and income levels. Reasonable assurance of
cost recovery may also be achieved when the
purchaser/borrower pledges additional collateral.
(3) Cost Recovery Method–Dispositions of foreclosed
real estate that do not qualify for either the full
accrual or installment methods are sometimes
accounted for using the cost recovery method. This
method recognizes a sale and the corresponding loan,
but all income recognition is deferred. Principal
payments are applied as a reduction of the loan
balance and interest increases the unrecognized gross
profit. No profit or interest income is recognized until
either (1) the aggregate payments by the borrower
exceed the recorded investment in, or the amortized
cost basis of, the loan, as applicable, or (2) a change
to another accounting method is appropriate (e.g.,
installment method). Consequently, the loan is maintained in nonaccrual status while this method is being
used.
(4) Reduced-Profit Method–This method is used in certain situations where the holding company receives
an adequate down payment, but the loan amortization
schedule does not meet the requirements for use of
the full accrual method. The method recognizes a
sale and the corresponding loan. However, like the
installment method, any profit is apportioned over
the life of the loan as payments are received. The
method of apportionment differs from the installment
method in that profit recognition is based on the
present value of the lowest level of periodic payments required under the loan agreement.
Since sales with adequate down payments are generally not structured with inadequate loan amortization
requirements, this method is seldom used in practice.
(5) Deposit Method–The deposit method is used in situations where a sale of the foreclosed real estate has
not been consummated. It may also be used for
dispositions that could be accounted for under the
cost recovery method. Under this method a sale is not
recorded and the asset continues to be reported as
foreclosed real estate. Further, no profit or interest
income is recognized. Payments received from the
borrower are reported as a liability in Schedule HC-G
Glossary
FR Y-9C
December 2016
Glossary
item 4, “All other liabilities,” until sufficient payments or other events have occurred which allow the
use of one of the other methods.
Accounting under ASC Subtopic 610-20 (and ASC Topic
606)–The amendments to ASC Subtopic 610-20, when
effective as a result of ASU 2014-09 (as discussed
above), eliminate the prescriptive criteria and methods
for sale accounting and gain recognition for dispositions
of OREO set forth in ASC Subtopic 360-20. Under ASC
Subtopic 610-20, if the buyer of the OREO is a legal
entity, a holding company should first assess whether it
has a controlling financial interest in the legal entity
buying the OREO by applying the guidance in ASC
Topic 810, Consolidation. If holding company determines that it has a controlling financial interest in the
buying legal entity, it should not derecognize the OREO
and should apply the guidance in ASC Subtopic 810-10.
When a holding company does not have a controlling
financial interest in the buying legal entity or the OREO
buyer is not a legal entity, which is expected to be the
case for most sales of OREO, the holding company will
recognize the entire gain or loss, if any, and derecognize
the OREO at the time of sale if the transaction meets
certain requirements of ASC Topic 606. Otherwise, the
holding company generally will continue reporting the
OREO as an asset, with any cash payments or other
consideration received from the individual or entity
acquiring the OREO (i.e., any down payment and any
subsequent payments of principal or interest) reported as
a liability in Schedule HC-G, item 4, “All other liabilities,” until it becomes appropriate to recognize the revenue and the sale of the OREO in accordance with ASC
Subtopic 610-20 and ASC Topic 606.13
When applying ASC Subtopic 610-20 and Topic 606,
holding companies will need to exercise judgment in
determining whether a contract (within the meaning of
Topic 606) exists for the sale or transfer of OREO,
whether the holding company has performed its obligations identified in the contract, and what the transaction
price is for calculation of the amount of gain or loss.
These standards apply to all sales or transfers of real
13. Although ASC Topic 606 describes the consideration received
(including any cash payments) using such terms as “liability,” “deposit,”
and “deposit liability,” for regulatory reporting purposes these amounts
should be reported in Schedule HC-G, item 4, and not as a deposit in
Schedule HC, item 13.
FR Y-9C
Glossary September 2018
estate by holding companies, but greater judgment will
generally be required for seller-financed sales of OREO.
Under ASC Subtopic 610-20, when a holding company
does not have a controlling financial interest in the
buying legal entity or the OREO buyer is not a legal
entity, the holding company’s first step in assessing
whether it can derecognize an OREO asset and recognize
revenue upon the sale or transfer of the OREO is to
determine whether a contract exists under the provisions
of Topic 606. In the context of an OREO sale or transfer,
in order for a holding company’s transaction with the
party acquiring the property to be a contract under ASC
Topic 606, it must meet all the following criteria:
(a) The parties to the contract have approved the
contract (in writing, orally, or in accordance with
other customary business practices) and are committed to perform their respective obligations;
(b) The holding company can identify each party’s
rights regarding the OREO to be transferred;
(c) The holding company can identify the payment
terms for the OREO to be transferred;
(d) The contract has commercial substance (that is,
the risk, timing, or amount of the holding company’s future cash flows is expected to change as
a result of the contract); and
(e) It is probable that the holding company will
collect substantially all of the consideration to
which it will be entitled in exchange for OREO
that will be transferred to the buyer, i.e. the
transaction price. In evaluating whether collectability of an amount of consideration is probable,
a holding company shall consider only the buyer’s ability and intention to pay that amount of
consideration when it is due.
These five criteria require careful analysis for sellerfinanced sales of OREO. In particular, criteria (a) and (e)
may require significant judgment. When determining
whether the buyer is committed to perform its obligations
under criterion (a) and collectability under criterion (e), a
selling holding company should consider all facts and
circumstances related to the buyer’s ability and intent to
pay the transaction price, which may include:
• Amount of cash paid as a down payment;
• Existence of recourse provisions;
GL-45
Glossary
• Credit standing of the buyer;
• Age and location of the property;
• Cash flow from the property;
• Payments by the buyer to third parties;
• Other amounts paid to the selling holding company,
including current or future contingent payments;
• Transfer of noncustomary consideration (i.e., consideration other than cash and a note receivable);
• Other types of financing involved with the property or
transaction;
• Financing terms of the loan (reasonable and customary
terms, amortization, any graduated payments, any balloon payment);
• Underwriting inconsistent with the holding company’s
underwriting policies for loans not involving OREO
sales; and
• Future subordination of the selling holding company’s
receivable.
Although ASC Subtopic 610-20 does not include the
prescriptive minimum down payment requirements in
ASC Subtopic 360-20, the amount and character of a
buyer’s equity (typically the down payment) and recourse
provisions remain important factors when evaluating
criteria (a) and (e). Specifically, the buyer’s initial equity
in the property immediately after the sale is an important
consideration in determining whether a buyer is committed to perform its obligations under criterion (a). Furthermore, the buyer’s initial equity is a factor to consider
under criterion (e) when evaluating the collectability of
consideration that the holding company is entitled to
receive from the buyer.
In applying the revenue recognition principles in ASC
Topic 606, all relevant factors are to be weighed collectively in evaluating whether the five contract criteria have
been met as the first step in determining the appropriate
accounting for a seller-financed OREO transaction. However, the agencies consider the down payment and financing terms to be of particular importance when making
this determination. A transaction with an insignificant
down payment and nonrecourse financing generally
would not meet the definition of a contract (within the
meaning of Topic 606) unless there is considerable
support from other factors. The need for support from
GL-46
other factors recedes in importance for a transaction with
a substantial down payment and recourse financing to a
buyer with adequate capacity to repay.
If the five contract criteria in ASC Topic 606 have not
been met, the holding company generally may not derecognize the OREO asset or recognize revenue (gain or
loss) as an accounting sale has not occurred. The holding
company should continue to assess the transaction to
determine whether the contract criteria have been met in
a later period. Until that time, any consideration the
holding company has received from the buyer should
generally be recorded as a deposit liability. In addition, if
the transaction price is less than the carrying amount of
the OREO, the holding company should consider whether
this indicates a decline in fair value of the OREO that
should be recognized as a valuation allowance, or an
increase in an existing valuation allowance, and through
a charge to expense as discussed above in this Glossary
entry.
If a holding company determines the contract criteria in
ASC Topic 606 have been met, it must then determine
whether it has satisfied its performance obligations as
identified in the contract by transferring control of the
asset to the buyer. Control of an asset refers to the ability
to direct the use of, and obtain substantially all of the
remaining benefits from, the asset. As it relates to a
holding company’s sale of OREO, ASC Topic 606
includes the following indicators of the transfer of control:
(a) The holding company has a present right to
payment for the asset;
(b) The buyer has legal title to the asset;
(c) The holding company has transferred physical
possession of the asset;
(d) The buyer has the significant risks and rewards of
ownership of the asset; and
(e) The buyer has accepted the asset.
For seller-financed sales of OREO, the transfer of control
generally occurs on the closing date of the sale when the
holding company obtains the right to receive payment for
the property and transfers legal title to the buyer. However, a holding company must consider all relevant facts
and circumstances to determine whether control of the
OREO has transferred, which may include the selling
holding company’s:
Glossary
FR Y-9C
March 2017
Glossary
• Involvement with the property following the transaction;
• Obligation to repurchase the property in the future;
• Obligation to provide support for the property following the sale transaction; and
• Retention of an equity interest in the property.
In particular, if a holding company has the obligation or
right to repurchase the OREO, the buyer does not obtain
control of the OREO because the buyer is limited in its
ability to direct the use of, and obtain substantially all of
the remaining benefits from, the asset even though it may
have physical possession. In this situation, a holding
company should account for the contract as either (1) a
lease in accordance with ASC Topic 840, Leases, or ASC
Topic 842, Leases, as applicable, or (2) a financing
arrangement in accordance with ASC Topic 606. In
addition, situations may exist where the selling holding
company has legal title to the OREO, while the borrower
whose property was foreclosed upon under the original
loan still has redemption rights to reclaim the property in
the future. If such redemption rights exist, the selling
holding company may not be able to transfer control to
the buyer of the OREO and recognize revenue until the
redemption period expires.
When a contract exists and a holding company has
transferred control of the property, the holding company
should derecognize the OREO asset and recognize a gain
or loss for the difference between the transaction price
and the carrying amount of the OREO asset. Generally,
the transaction price in a sale of OREO will be the
contract amount in the purchase/sale agreement, including for a seller-financed sale financed at market terms.
However, the transaction price may differ from the
amount stated in the contract due to the existence of a
significant financing component. Under the new standard, a significant financing component exists if the
timing of the buyer’s payments explicitly or implicitly
provides the selling holding company or the buyer with a
significant benefit of financing the transfer of the OREO.
A seller-financed transaction of OREO at off-market
terms generally indicates the existence of a significant
financing component. If a significant financing component exists, the contract amount should be adjusted for
the time value of money to reflect what the cash selling
price of the OREO would have been at the time of its
transfer to the buyer. The discount rate used in adjusting
FR Y-9C
Glossary March 2020
for the time value of money should be a market rate of
interest considering the credit characteristics of the buyer
and the terms of the financing.
Foreign Banks: See ‘‘Banks, U.S. and foreign.’’
Foreign Central Banks: The term ‘‘foreign central
banks’’ covers: central banks in foreign countries; departments of foreign central governments that have, as an
important part of their functions, activities similar to
those of a central bank; nationalized banks and banking
institutions owned by central governments that have, as
an important part of their functions, activities similar to
those of a central bank; and the Bank for International
Settlements (BIS).
Foreign Currency Transactions and Translation: Foreign currency transactions are transactions occurring in
the ordinary course of business (e.g., purchases, sales,
borrowings, lendings, forward exchange contracts)
denominated in currencies other than the office’s functional currency (as described below).
Foreign currency translation, on the other hand, is the
process of translating financial statements from the foreign office’s functional currency into the reporting currency. Such translation normally is performed only at
reporting dates.
A functional currency is the currency of the primary
economic environment in which an office operates. For
most consolidated holding companies, the functional
currency will be the U.S. dollar. However, if a consolidated holding company has foreign offices, one or more
foreign offices may have a functional currency other than
the U.S. dollar.
Accounting for foreign currency transactions—A change
in exchange rates between the functional currency and
the currency in which a transaction is denominated will
increase or decrease the amount of the functional currency expected to be received or paid. These increases or
decreases in the expected functional currency cash flow
are to be reported as foreign currency transaction gains
and losses and are to be included in the determination of
the income of the period in which the transaction takes
place, or if the transaction has not yet settled, the period
in which the rate change takes place.
Except for foreign currency derivatives and transactions
described in the following section, holding companies
should consistently report net gains (losses) from foreign
currency transactions other than trading transactions in
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Glossary
Schedule HI, item 5(l), ‘‘Other noninterest income,’’ or
item 7(d), ‘‘Other noninterest expense.’’ Net gains (losses)
from foreign currency trading transactions should be
reported in Schedule HI, item 5(c), ‘‘Trading revenue.’’
Foreign currency transaction gains or losses to be
excluded from the determination of net income—Gains
and losses on the following foreign currency transactions
shall not be included in ‘‘Noninterest income’’ or ‘‘Noninterest expense,’’ but shall be reported in the same
manner as translation adjustments (as described below):
reporting period, determined utilizing the current rate
method, may be reported in ‘‘Other comprehensive
income’’ in Schedule HI-A of the Report of Income for
Holding Companies. Amounts accumulated in the ‘‘Accumulated other comprehensive income’’ component of
equity capital in Schedule HC will not be included in the
holding company’s results of operations until such time
as the foreign office is disposed of, when they will be
used as an element to determine the gain or loss on
disposition.
(1) Foreign currency transactions that are designated as,
and are effective as, economic hedges of a net
investment in a foreign office.
For further guidance, refer to ASC Topic 830, Foreign
Currency Matters (formerly FASB Statement No. 52,
Foreign Currency Translation).
(2) Intercompany foreign currency transactions that are
of a long-term investment nature (i.e., settlement is
not planned or anticipated in the foreseeable future),
when the parties to the transaction are consolidated,
combined, or accounted for by the equity method in
the holding company’s FR Y-9C.
Foreign Debt Exchange Transactions: Foreign debt
exchange transactions generally fall into three categories:
(1) loan swaps, (2) debt/equity swaps, and (3) debt-fordevelopment swaps. These transactions are to be reported
in the FR Y-9C in accordance with generally accepted
accounting principles as summarized below. The accounting pronouncements mentioned below should be consulted for more detailed reporting guidance in these
areas.
In addition, the entire change in the fair value of foreigncurrency-denominated available-for-sale debt securities
should not be included in ‘‘Realized gains (losses) on
available-for-sale debt securities’’ (Schedule HI, item
6(b)), but should be reported in Schedule HI-A, item 12,
‘‘Other comprehensive income.’’ These fair value changes
should be accumulated in the ‘‘Net unrealized holding
gains (losses) on available-for-sale securities’’ component of ‘‘Accumulated other comprehensive income’’ in
Schedule HC, item 26(b). However, if a decline in fair
value of a foreign-currency-denominated available-forsale debt security is judged to be other than temporary,
the cost basis of the individual security shall be written
down to fair value as a new cost basis and the amount of
the write-down shall be included in earnings (Schedule
HI, item 6(b)).
See the Glossary entry for ‘‘derivative contracts’’ for
information on the accounting and reporting for foreign
currency derivatives.
Accounting for foreign currency translation (applicable
only to holding companies with foreign offıces)— The FR
Y-9C must be reported in U.S. dollars. Balances of
foreign subsidiaries or branches of the reporting holding
company denominated in a functional currency other
than U.S. dollars shall be converted to U.S. dollar equivalents and consolidated into the reporting holding company’s FR Y-9C. The translation adjustments for each
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Generally accepted accounting principles require that
these transactions be reported at their fair value. There is
a significant amount of precedent in the accounting for
exchange transactions to consider both the fair value of
the consideration given up as well as the fair value of the
assets received in arriving at the most informed valuation, especially if the value of the consideration given up
is not readily determinable or may not be a good indicator of the value received. It is the responsibility of
management to make the valuation considering all of the
circumstances. Such valuations are subject to examiner
review.
Among the factors to consider in determining fair values
for foreign debt exchange transactions are:
(1) Similar transactions for cash;
(2) Estimated cash flows from the debt or equity instruments or other assets received;
(3) Market values, if any, of similar instruments; and
(4) Currency restrictions, if any, affecting payments on
or sales of the debt or equity instruments, local
currency, or other assets received, including where
appropriate those affecting the repatriation of capital.
Glossary
FR Y-9C
December 2016
Glossary
Losses arise from swap transactions when the fair value
determined for the transaction is less than the recorded
investment in the sovereign debt and other consideration
paid, if any. Such losses should generally be charged to
the allowance for loan and lease losses, or the allowance
for credit losses, as applicable (or allocated transfer risk
reserve, if appropriate) and must include any discounts
from official exchange rates that are imposed by sovereign obligors as transaction fees. All other fees and
transaction costs involved in such transactions must be
charged to expense as incurred.
Loss recoveries or even gains might be indicated in a
swap transaction as a result of the valuation process.
However, due to the subjective nature of the valuation
process, such loss recoveries or gains ordinarily should
not be recorded until the debt or equity instruments,
local currency, or other assets received in the exchange
transaction are realized in unrestricted cash or cash
equivalents.
Loan swaps—Foreign loan swaps, or debt/debt swaps,
involve the exchange of one foreign loan for another.
This type of transaction represents an exchange of monetary assets that must be reported at current fair value.
Normally, when monetary assets are exchanged, with or
without additional cash payments, and the parties have
no remaining obligations to each other, the earnings
process is complete.
Debt/equity swaps—The reporting treatment for this type
of transaction is presented in the ASC Subtopic 942-310,
Financial Services-Depository and Lending – Receivables.
A foreign debt/equity swap represents an exchange of
monetary for nonmonetary assets that must be measured
at fair value. This type of swap is typically accomplished
when holders of U.S. dollar-denominated sovereign debt
agree to convert that debt into approved local equity
investments. The holders are generally credited with
local currency at the official exchange rate. A discount
from the official exchange rate is often imposed as a
transaction fee. The local currency is generally not
available to the holders for any purposes other than
approved equity investments. Restrictions may be placed
on dividends on the equity investments and capital
usually cannot be repatriated for several years.
In arriving at the fair value of the transaction, both the
secondary market price of the debt given up and the fair
FR Y-9C
Glossary September 2020
value of the equity investment or assets received should
be considered.
Debt-for-development swaps—In this type of exchange,
sovereign debt held by a holding company is generally
purchased by a nonprofit organization or contributed to
the nonprofit the nonprofit organization. When the sovereign debt is purchased by or donated to a nonprofit
organization, the organization may enter into an agreement with the debtor country to cancel the debt in return
for the country’s commitment to provide local currency
or other assets for use in connection with specific projects
or programs in that country. Alternatively, a holding
company may exchange the sovereign debt with the
country and receive local currency. In this alternative, the
local currency will be donated or sold to the nonprofit
organization for use in connection with specific projects
or programs in that country.
These transactions, including amounts charged to expense
as donations, must be reported at their fair values in
accordance with generally accepted accounting principles applicable to foreign debt exchange transactions.
This includes appropriate consideration of the market
value of the instruments involved in the transaction and
the fair value of any assets received, taking into account
any restrictions that would limit the use of the assets. In
debt-for-development swaps where a holding company
receives local currency in exchange for the sovereign
loan it held and the local currency has no restrictions on
its use and is freely convertible, it is generally appropriate for fair value to be determined by valuing the local
currency received at its fair market exchange value.
Foreign Governments and Official Institutions: Foreign governments and official institutions are central,
state, provincial, and local governments in foreign countries and their ministries, departments, and agencies.
These include treasuries, ministries of finance, central
banks, development banks, exchange control offices, stabilization funds, diplomatic establishments, fiscal agents,
and nationalized banks and other banking institutions that
are owned by central governments and that have as an
important part of their function activities similar to those
of a treasury, central bank, exchange control office, or
stabilization fund. For purposes of these reports, other
government-owned enterprises are not included.
Also included as foreign official institutions are international, regional, and treaty organizations, such as the
International Monetary Fund, the International Bank
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Glossary
for Reconstruction and Development (World Bank), the
Bank for International Settlements, the Inter-American
Development Bank, and the United Nations.
Foreign Office: For purposes of these reports, a foreign
office of the reporting holding company is a branch or
consolidated subsidiary located in a foreign country; an
Edge or Agreement subsidiary, including both its U.S.
and its foreign offices; or an IBF. In addition, if the
reporting holding company is chartered and headquartered in the 50 states of the United States and the District
of Columbia, a branch or consolidated subsidiary located
in Puerto Rico or a U.S. territory or possession is a
foreign office. Branches of bank subsidiaries on U.S.
military facilities wherever located are treated as domestic offices, not foreign offices.
Forward Contract: See ‘‘Futures, forward, and standby
contracts.’’
Functional Currency: See ‘‘Foreign currency trans
actions and translation.’’
Futures, Forward, and Standby Contracts: Futures
and forward contracts are commitments for delayed
delivery of financial instruments or commodities in which
the buyer agrees to purchase and the seller agrees to
make delivery, at a specified future date, of a specified
instrument at a specified price or yield.
Futures contracts are standardized and are traded on
organized exchanges. Exchanges in the U.S. are registered
with and regulated by the Commodity Futures Trading
Commission. Forward contracts are traded over the counter and their terms are not standardized. Such contracts can
only be terminated, other than by receipt of the underlying
financial instrument or commodity, by agreement of both
buyer and seller. Standby contracts and other option
arrangements are optional forward contracts. The buyer of
such a contract has, for compensation (such as a fee or
premium), acquired the right (or option) to sell to, or
purchase from, another party some financial instrument or
commodity at a stated price on a specified future date. The
seller of the contract has, for such compensation, become
obligated to purchase or sell the financial instrument or
commodity at the option of the buyer of the contract. Such
contracts may relate to purchases or sales of securities,
money market instruments, or futures contracts.
A standby contract or put option is an optional delivery
forward placement contract. It obligates the seller of the
GL-50
contract to purchase some financial instrument at the
option of the buyer of the contract.
A call option is an optional forward purchase contract. It
obligates the seller of the contract to sell some financial
instrument at the option of the buyer of the contract.
FR Y-9C treatment of open contracts—Contracts are
outstanding (i.e., open) until they have been terminated
by acquisition or delivery of the underlying financial
instruments or, for futures contracts, by offset, or, for
standby contracts and other option arrangements, by
expiring unexercised. (‘‘Offset’’ is the purchase and sale
of an equal number of futures contracts on the same
underlying instrument for the same delivery month
executed through the same broker or dealer and executed
on the same exchange.)
The reporting of these contracts should follow the
accounting outlined in ASC Topic 815, Derivatives and
Hedging (formerly FAS 133) and disclosed in Schedule
HC-L.
Goodwill: According to ASC Topic 805, Business Combinations, goodwill is an asset representing the future
economic benefits arising from other assets acquired in a
business combination that are not individually identified
and separately recognized. The private company accounting alternative for identifiable intangible assets acquired
in a business combination is discussed in a subsection of
this Glossary entry. In addition, see “acquisition method”
in the Glossary entry for “business combinations” for
guidance on the recognition and initial measurement of
goodwill acquired in a business combination.
Subsequent Measurement of Goodwill - Goodwill should
not be amortized, but must be tested for impairment at the
reporting unit level at least annually, unless a holding
company meets the definition of a private company, as
defined in U.S. GAAP, and elects either or both of the
goodwill accounting alternatives described below. Any
impairment losses recognized on goodwill during the
year-to-date reporting period should be reported in
Schedule HI, item 7(c)(1), ‘‘Goodwill impairment losses,’’
except those impairment losses associated with discontinued operations, which should be reported on a net-of-tax
basis in Schedule HI, item 11. Goodwill, net of any
impairment losses, should be reported on the balance
sheet in Schedule HC, item 10 and in Schedule HC-M,
item 12.b.
Glossary
FR Y-9C
June 2021
Glossary
Private Company Accounting Alternatives for Goodwill ASC Subtopic 350-20, Intangibles Goodwill and Other –
Goodwill generally permits a private company, as defined
in U.S. GAAP, to elect an accounting alternative for
goodwill under which goodwill is amortized on a straightline basis over a period of ten years (or less than ten years
if more appropriate) and a simplified impairment model
is applied to goodwill. In addition, if a private company
chooses to adopt this goodwill accounting alternative, the
private company is required to make an accounting
policy election to test goodwill for impairment at either
the entity level or the reporting unit level. Goodwill must
be tested for impairment when a triggering event occurs
that indicates that the fair value of an entity or a reporting
unit, as appropriate under this private company’s accounting policy election, may be below its carrying amount.
Alternatively, ASC Subtopic 350-20, Intangibles - Goodwill and Other - Goodwill, as amended by ASU 2021-03,
“Accounting Alternative for Evaluating Triggering
Events,” allows a private company to elect to evaluate
goodwill, at each reporting date instead of the requirement to monitor goodwill impairment triggering events
during the reporting period. Private companies that elect
the triggering event alternative evaluate the facts and
circumstances at the end of each reporting period to
determine whether a triggering event exists, and if so,
whether it is more likely than not that goodwill is
impaired.
U.S. GAAP for a public business entity does not permit
goodwill to be amortized, instead requiring goodwill to
be tested for impairment at the reporting unit level
annually and between annual tests in certain circumstances. For information on the distinction between a
private company and a public business entity, see the
Glossary entry for “public business entity.”
A holding company that meets the definition of a private
company is permitted, but not required, to adopt the
private company accounting alternatives for goodwill. If
a private company issues U.S. GAAP financial statements
and chooses to adopt either or both private company
alternatives, it should apply the goodwill accounting
alternative(s) in its FR Y-9C in a manner consistent with
its reporting of goodwill in its financial statements.
Goodwill amortization expense should be reported in
item 7.c.(1) of the FR Y-9C Report income statement
(Schedule HI) unless the amortization is associated with
a discontinued operation, in which case the goodwill
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Glossary June 2021
amortization should be included within the results of
discontinued operations and reported in Schedule HI,
item 11.
Goodwill Impairment Testing - ASC Subtopic 350-20,
provides guidance for testing and reporting goodwill
impairment losses, a summary of which follows. Impairment is the condition that exists when the carrying
amount of goodwill exceeds its implied fair value.
Because the fair value of goodwill can be measured only
as a residual and cannot be measured directly, ASC
Subtopic 350-20 includes a methodology for estimating
the implied fair value of goodwill for impairment measurement purposes.
The holding company’s goodwill must be tested for
impairment using the holding company’s reporting units
(unless the holding company is a private company that
has elected the goodwill accounting alternative and has
made an accounting policy election to test goodwill for
impairment at the entity level). Goodwill should be
assigned to reporting units in accordance with ASC
Subtopic 350-20. The holding company itself may be a
reporting unit.
Unless it is a holding company that is a private company
that has elected either or both goodwill alternatives
desicribed above, goodwill of a reporting unit must be
tested for impairment annually and between annual tests
upon the occurance of a triggering event, i.e., if an event
occurs or circumstances change that would more likely
than not reduce the fair value of a reporting unit below its
carrying amount. Examples of triggering events or circumstances include a significant adverse change in the
business climate, unanticipated competition, a loss of key
personnel, and a more-likely-than-not expectation that a
reporting unit or a significant portion of a reporting unit
will be sold or otherwise disposed of. In addition,
goodwill must be tested for impairment after a portion of
goodwill has been allocated to a business to be disposed
of.
When testing the goodwill of a reporting unit14 for
impairment, an institution has the option of first assessing
qualitative factors to determine whether it is necessary to
14. For purposes of the discussions of goodwill impairment testing, the
qualitative assessment, and the quantitative impairment test, if a holding
company is a private company that has elected the goodwill accounting
alternative and also has elected to test goodwill for impairment at the entity
level, references to the reporting unit should be read as references to the
entity.
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Glossary
perform the two-step quantitative goodwill impairment
test described in ASC Subtopic 350-20. If determined to
be necessary, the twostep impairment test shall be used to
identify potential goodwill impairment and measure the
amount of a goodwill impairment loss to be recognized
(if any). However, an institution may choose to bypass
the qualitative assessment option for any reporting unit in
any period and proceed directly to performing the twostep quantitative goodwill impairment test described
below.
Qualitative Assessment - If an institution performs a
qualitative assessment and, after considering all relevant
events and circumstances, determines it is not more
likely than not that the fair value of a reporting unit is less
than its carrying amount (including goodwill), then the
institution does not need to perform the two-step quantitative goodwill impairment test. In other words, if it is
more likely than not that the fair value of a reporting unit
is greater than its carrying amount; an institution would
not have to quantitatively test the unit’s goodwill for
impairment. However, if the institution instead concludes
that the opposite is true (that is, it is more likely than not
that the fair value of a reporting unit is less than its
carrying amount), then it is required to perform the
two-step quantitative goodwill impairment test described
below.
ASC Subtopic 350-20 includes examples of events and
circumstances that an institution should consider in
evaluating whether it is more likely than not that the fair
value of a reporting unit is less than its carrying amount.
Because the examples are not all-inclusive, other relevant
events and circumstances also must be considered.
Quantitative Impairment Test • Step 1: The first step of the goodwill impairment test
compares the fair value of a reporting unit15 with its
carrying amount, including goodwill. If the carrying
amount of a reporting unit is greater than zero16 and its
fair value exceeds its carrying amount, the reporting
unit’s goodwill is considered not impaired and the
second step of the impairment test is unnecessary.
15. The fair value of a reporting unit is the price that would be received
to sell the unit as a whole in an orderly transaction between market
participants at the measurement date.
16. An institution should refer ASC Subtopic 350-20 for guidance on
applying the quantitative impairment test if the carrying amount of a
reporting unit is zero or negative.
GL-52
However, if the carrying amount of a reporting unit
exceeds its fair value, the second step of the goodwill
impairment test must be performed to measure the
amount of impairment loss, if any.
• Step 2: The second step of the goodwill impairment
test compares the implied fair value of the reporting
unit’s goodwill17 with the carrying amount of that
goodwill. If the implied fair value of the reporting
unit’s goodwill exceeds the carrying amount of that
goodwill, the goodwill is considered not impaired. In
contrast, if the carrying amount of the reporting unit’s
goodwill exceeds the implied fair value of that goodwill, an impairment loss must be recognized in earnings in an amount equal to that excess. The loss
recognized cannot exceed the carrying amount of the
reporting unit’s goodwill.
After an impairment loss is recognized on a reporting
unit’s goodwill, the adjusted carrying amount of that
goodwill (i.e., the carrying amount of the goodwill before
recognizing the impairment loss less the amount of the
impairment loss) shall be its new accounting basis.
Subsequent reversal of a previously recognized goodwill
impairment loss is prohibited once the measurement of
that loss is completed.
Disposal of a Reporting Unit or a Business - When a
reporting unit is to be disposed of in its entirety, goodwill
of that reporting unit (or a portion of the entity if the
institution is a private company that has elected the
goodwill accounting alternative and also has elected to
test goodwill for impairment at the entity level) must be
included in the carrying amount of the reporting unit
when determining the gain or loss on disposal. When a
portion of a reporting unit that constitutes a business is to
be disposed of, goodwill associated with that business
must be included in the carrying amount of the business
in determining the gain or loss on disposal. Otherwise, an
institution may not remove goodwill from its balance
sheet, for example, by “selling” or “dividending” this
asset to its parent holding company or another affiliate.
Accounting by Private Companies for Identifiable Intangible Assets Acquired in a Business Combination – ASC
17. The implied fair value of goodwill should be determined in the
same manner as the amount of goodwill recognized in a business combination is determined. That is, an institution must assign the fair value of a
reporting unit to all of the assets and liabilities of that unit (including any
unrecognized intangible assets) as if the reporting unit had been acquired
in a business combination.
Glossary
FR Y-9C
March 2016
Glossary
Subtopic 805-20, Business Combinations – Identifiable
Assets and Liabilities, and Any Noncontrolling Interest,
provides an accounting alternative that permits a private
company, as defined in U.S. GAAP, to simplify the
accounting for certain intangible assets. This accounting
alternative applies when a private company is required to
recognize or otherwise consider the fair value of intangible assets as a result of certain transactions, including
when applying the acquisition method to a business
combination under ASC Topic 805. A private company
that elects the accounting alternative for identifiable
intangible assets should no longer recognize separately
from goodwill:
• Customer-related intangible assets unless they are
capable of being sold or licensed independently from
the other assets of a business, and
• Noncompetition agreements.
However, because mortgage servicing rights and core
deposit intangibles are regarded as capable of being sold
or licensed independently, a private company that elects
this accounting alternative must recognize these intangible assets separately from goodwill, initially measure
them at fair value, and subsequently measure them in
accordance with ASC Topic 350.
A private company that elects the accounting alternative
for identifiable intangible assets in ASC Subtopic 805-20
also must adopt the private company goodwill accounting alternative in ASC Subtopic 350-20, which is
described above in this Glossary entry. However, a
private company that elects the goodwill accounting
alternative in ASC Subtopic 350-20 is not required to
adopt the accounting alternative for identifiable intangible assets.
A private company’s decision to adopt the accounting
alternative for identifiable intangible assets must be made
upon the occurrence of the first business combination (or
other transaction within the scope of the alternative) in
fiscal years beginning after December 15, 2015. The
effective date of the private company’s decision to adopt
the accounting alternative for identifiable intangible
assets depends on the timing of that first transaction as
described in the applicable transition guidance in ASC
Subtopic 805-20.18 Customer-related intangible assets
18. If the first transaction occurs in the private company’s first fiscal
year beginning after December 15, 2015, the adoption of the accounting
FR Y-9C
Glossary September 2020
and noncompetition agreements that exist as of the
beginning of the period of adoption should continue to be
accounted for separately from goodwill, i.e., such existing intangible assets should not be combined with goodwill.
If a holding company that is a private company issues
U.S. GAAP financial statements and adopts the accounting alternative for identifiable intangible assets, it should
apply this accounting alternative in its FR Y-9C report in
a manner consistent with its reporting of intangible assets
in its financial statements.
Hypothecated Deposit: A hypothecated deposit is the
aggregation of periodic payments on an installment contract received by a reporting institution in a state in
which, under law, such payments are not immediately
used to reduce the unpaid balance of the installment note,
but are accumulated until the sum of the payments equals
the entire amount of principal and interest on the contract, at which time the loan is considered paid in full. For
purposes of these reports, hypothecated deposits are to be
netted against the related loans. Deposits which simply
serve as collateral for loans are not considered hypothecated deposits for purposes of these reports.
See also: ‘‘Deposits.’’
IBF: See ‘‘International Banking Facility (IBF).’’
Income Taxes: All holding companies, regardless of
size, are required to report income taxes (federal, state
and local, and foreign) in the FR Y-9C on an accrual
basis. Note that, in almost all cases, applicable income
taxes as reported in Schedule HI on the Report of Income
for Holding Companies will differ from amounts reported
to taxing authorities. The applicable income tax expense
or benefit that is reflected in the Report of Income for
Holding Companies should include both taxes currently
paid or payable (or receivable) and deferred income
taxes. The following discussion of income taxes is based
on ASC Topic 740, Income Taxes.
alternative will be effective for that fiscal year’s annual financial reporting
period and all interim and annual periods thereafter. If the first transaction
occurs in a fiscal year beginning after December 15, 2016, the adoption of
the accounting alternative will be effective in the interim period that
includes the date of the transaction and subsequent interim and annual
periods thereafter. Early application of the intangibles accounting alternative is permitted for any annual or interim period for which a private
company’s financial statements have not yet been made available for
issuance.
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Glossary
Applicable income taxes in the year-end Report of
Income for Holding Companies shall be the sum of the
following:
(1) Taxes currently paid or payable (or receivable) for
the year determined from the holding company’s
federal, state, and local income tax returns for that
year. Since the holding company’s tax returns will
not normally be prepared until after the year-end FR
Y-9C has been completed, the holding company
must estimate the amount of the current income tax
liability (or receivable) that will ultimately be reported
on its tax returns. Estimation of this liability (or
receivable) may involve consultation with the holding company’s tax advisers, a review of the previous
year’s tax returns, the identification of significant
expected differences between items of income and
expense reflected on the Report of Income for Holding Companies and on the tax returns, and the
identification of expected tax credits.)
and
(2) Deferred income tax expense or benefit measured as
the change in the net deferred tax assets or liabilities
for the period reported. Deferred tax liabilities and
assets represent the amount by which taxes payable
(or receivable) are expected to increase or decrease in
the future as a result of ‘‘temporary differences’’ and
net operating loss or tax credit carryforwards that
exist at the reporting date.
The actual tax liability (or receivable) calculated on the
holding company’s tax returns may differ from the estimate reported as currently payable or receivable on the
year-end Report of Income for Holding Companies. An
amendment to the holding company’s year-end and subsequent FR Y-9Cs may be appropriate if the difference is
significant. Minor differences should be handled as accrual
adjustments to applicable income taxes in Reports of
Income during the year the differences are detected. The
reporting of applicable income taxes in the Report of
Income for Holding Companies for report dates other than
year-end is discussed below under ‘‘interim period applicable income taxes.’’
When determining the current and deferred income tax
assets and liabilities to be reported in any period, a holding
company’s income tax calculation contains an inherent
degree of uncertainty surrounding the realizability of the
tax positions included in the calculation. The term ‘‘tax
GL-54
position’’ refers to a position in a previously filed tax
return or a position expected to be taken in a future tax
return that is reflected in measuring current or deferred
income tax assets and liabilities. A tax position can result
in a permanent reduction of income taxes payable, a
deferral of income taxes otherwise currently payable to
future years, or a change in the expected realizability of
deferred tax assets. For each tax position taken or expected
to be taken in a tax return, a holding company must
evaluate whether the tax position is more likely than not,
i.e., more than a 50 percent probability, to be sustained
upon examination by the appropriate taxing authority,
including resolution of any related appeals or litigation
processes, based on the technical merits of the position. In
evaluating whether a tax position has met the more-likelythan-not recognition threshold, a holding company should
presume that the taxing authority examining the position
will have full knowledge of all relevant information. A
holding company’s assessment of the technical merits of a
tax position should reflect consideration of all relevant
authoritative sources, e.g., tax legislation and statutes,
legislative intent, regulations, rulings, and case law, and
reflect the holding company’s determination of the applicability of these sources to the facts and circumstances of
the tax position. A holding company must evaluate each
tax position without consideration of the possibility of an
offset or aggregation with other positions. No tax benefit
can be recorded for a tax position that fails to meet the
more-likely-than-not recognition threshold.
Each tax position that meets the more-likely-than-not
recognition threshold should be measured to determine
the amount of benefit to recognize in the FR Y-9C. The
tax position is measured as the largest amount of tax
benefit that is greater than 50 percent likely of being
realized upon ultimate settlement with a taxing authority
that has full knowledge of all relevant information. When
measuring the tax benefit, a holding company must
consider the amounts and probabilities of the outcomes
that could be realized upon ultimate settlement using the
facts, circumstances, and information available at the
reporting date. A holding company may not use the
valuation allowance associated with any deferred tax
asset as a substitute for measuring this tax benefit or as an
offset to this amount.
If a holding company’s assessment of the merits of a tax
position subsequently changes, the holding company
should adjust the amount of tax benefit it has recognized
and accrue interest and penalties for any underpayment
Glossary
FR Y-9C
March 2016
Glossary
of taxes in accordance with the tax laws of each applicable jurisdiction. In this regard, a tax position that previously failed to meet the more-likely-than-not recognition
threshold should be recognized in the first subsequent
quarterly reporting period in which the threshold is met.
A previously recognized tax position that no longer
meets the more-likely-than-not recognition threshold
should be derecognized in the first subsequent quarterly
reporting period in which the threshold is no longer met.
Temporary differences result when events are recognized
in one period on the holding company’s books but are
recognized in another period on the holding company’s
tax return. These differences result in amounts of income
or expense being reported in the Report of Income for
Holding Companies in one period but in another period
in the tax returns. There are two types of temporary
differences. Deductible temporary differences reduce taxable income in future periods. Taxable temporary differences result in additional taxable income in future
periods.
For example, a holding company’s provision for loan and
lease losses is expensed for financial reporting purposes
in one period. However, for some holding companies,
this amount may not be deducted for tax purposes until
the loans are actually charged off in a subsequent period.
This deductible temporary difference ‘‘originates’’ when
the provision for loan and lease losses is recorded in the
financial statements and ‘‘turns around’’ or ‘‘reverses’’
when the loans are subsequently charged off, creating tax
deductions. Other deductible temporary differences
include writedowns of other real estate owned, the recognition of loan origination fees, and other postemployment
benefits expense.
Depreciation can result in a taxable temporary difference
if a holding company uses the straight-line method to
determine the amount of depreciation expense to be
reported in the Report of Income for Holding Companies
but uses an accelerated method for tax purposes. In the
early years, tax depreciation under the accelerated method
will typically be larger than book depreciation under the
straight-line method. During this period, a taxable temporary difference originates. Tax depreciation will be less
than book depreciation in the later years when the
temporary difference reverses. Therefore, in any given
year, the depreciation reported in the Report of Income
for Holding Companies will differ from that reported in
the holding company’s tax returns. However, total depreFR Y-9C
Glossary September 2018
ciation taken over the useful life of the asset will be the
same under either method. Other taxable temporary
differences include the undistributed earnings of unconsolidated subsidiaries and associated companies and
amounts funded to pension plans that exceed the recorded
expense.
Some events do not have tax consequences and therefore
do not give rise to temporary differences. Certain revenues are exempt from taxation and certain expenses are
not deductible. These events were previously known as
‘‘permanent differences.’’ Examples of such events (for
federal income tax purposes) are interest received on
certain obligations of states and political subdivisions in
the U.S., premiums paid on officers’ life insurance policies where the holding company is the beneficiary, and
70 percent of cash dividends received on the corporate
stock of domestic U.S. corporations owned less than 20
percent.
Deferred tax assets shall be calculated at the report date
by applying the ‘‘applicable tax rate’’ (defined below) to
the holding company’s total deductible temporary differences and operating loss carryforwards. A deferred tax
asset shall also be recorded for the amount of tax credit
carryforwards available to the holding company. Based
on the estimated realizability of the deferred tax asset, a
valuation allowance should be established to reduce the
recorded deferred tax asset to the amount that is considered ‘‘more likely than not’’ (i.e., greater than 50 percent
chance) to be realized.
Deferred tax liabilities should be calculated by applying
the ‘‘applicable tax rate’’ to total taxable temporary
differences at the report date.
Net operating loss carrybacks and carryforwards and tax
credit carryforwards–When a holding company’s deductions exceed its income for income tax purposes, it has
sustained a net operating loss. To the extent permitted
under a taxing authority’s laws and regulations, a net
operating loss that occurs in a year following periods
when the holding company had taxable income may be
carried back to recover income taxes previously paid.
The tax effects of any loss carrybacks that are realizable
through a refund of taxes previously paid is recognized in
the year the loss occurs. In this situation, the applicable
income taxes on the Report of Income for Holding
Companies will reflect a credit rather than an expense.
For tax years beginning before January 1, 2018, a holding
company may carry back operating losses for two years
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Glossary
for federal income tax purposes. However, in general, for
tax years beginning on or after January 1, 2018, a holding
company may no longer carry back operating losses to
recover taxes paid in prior tax years.
Generally, a net operating loss that occurs when loss
carrybacks are not available becomes a net operating loss
carryforward. For tax years beginning before January 1,
2018, a holding company may carry operating losses
forward 20 years for federal income tax purposes. For tax
years beginning on or after January 1, 2018, net operating
losses can be carried forward indefinitely for federal
income tax purposes; however, for net operating losses
arising in such tax years, the amount of loss that can be
carried forward and deducted in a particular year is
limited to 80 percent of a bank’s taxable income in that
year.
Tax credit carryforwards are tax credits which cannot be
used for tax purposes in the current year, but which can
be carried forward to reduce taxes payable in a future
period.
Deferred tax assets are recognized for net operating loss
and tax credit carryforwards just as they are for deductible temporary differences. As a result, a holding company can recognize the benefit of a net operating loss for
tax purposes or a tax credit carryforward to the extent the
holding company determines that a valuation allowance
is not considered necessary (i.e., if the realization of the
benefit is more likely than not).
Applicable tax rate–The income tax rate to be used in
determining deferred tax assets and liabilities is the rate
under current tax law that is expected to apply to taxable
income in the periods in which the deferred tax assets or
liabilities are expected to be realized or paid. For tax
years beginning on or after January 1, 2018, the federal
corporate tax rate is a flat 21 percent rate. This flat rate
replaced the graduated federal corporate tax rate structure
that applied in prior tax years. If a holding company is
subject to graduated tax rates and the holding company’s
income level is such that graduated tax rates are a
significant factor, then the holding company shall use the
average graduated tax rate applicable to the amount of
estimated taxable income in the period in which the
deferred tax asset or liability is expected to be realized or
settled. When the tax law changes, holding companies
shall determine the effect of the change, adjust the
deferred tax asset or liability and include the effect of the
GL-56
change in Schedule HI, item 9, ‘‘Applicable income taxes
(foreign and domestic).’’
Valuation allowance–A valuation allowance must be
recorded, if needed, to reduce the amount of deferred tax
assets to an amount that is more likely than not to be
realized. Changes in the valuation allowance generally
shall be reported in Schedule HI, item 9, ‘‘Applicable
income taxes (foreign and domestic).’’ The following
discussion of the valuation allowance relates to the
allowance, if any, included in the amount of net deferred
tax assets or liabilities to be reported on the balance sheet
(Schedule HC) and in Schedule HC-F, item 2, or Schedule HC-G, item 2. This discussion does not address the
determination of the amount of deferred tax assets, if any,
that is disallowed for regulatory capital purposes and
reported in Schedule HC-R, Part I, items 8, 15.a, and 15.b,
as applicable; and, for advanced approaches holding
companies, item 16.
Holding companies must consider all available evidence,
both positive and negative, in assessing the need for a
valuation allowance. The future realization of deferred
tax assets ultimately depends on the existence of sufficient taxable income of the appropriate character in either
the carryback or carryforward period. Four sources of
taxable income may be available to realize the deferred
tax assets:
(1) Taxable income in carryback years (which can be
offset to recover taxes previously paid),
(2) Reversing taxable temporary differences,
(3) Future taxable income (exclusive of reversing temporary differences and carryforwards).
(4) Tax-planning strategies.
In general, positive evidence refers to the existence of
one or more of the four sources of taxable income. To the
extent evidence about one or more sources of income is
sufficient to support a conclusion that a valuation allowance is not necessary (i.e., the holding company can
conclude that the deferred tax asset is more likely than
not to be realized), other sources need not be considered.
However, if a valuation allowance is needed, each source
of income must be evaluated to determine the appropriate
amount of the allowance needed.
Evidence used in determining the valuation allowance
should be subject to objective verification. The weight
given to evidence when both positive and negative
Glossary
FR Y-9C
September 2018
Glossary
evidence exist should be consistent with the extent to
which it can be verified. Sources (1) and (2) listed above
are more susceptible to objective verification and, therefore, may provide sufficient evidence regardless of future
events.
The consideration of future taxable income (exclusive of
reversing temporary differences and carryforwards) as a
source for the realization of deferred tax assets will
require subjective estimates and judgments about future
events which may be less objectively verifiable.
Examples of negative evidence include:
• Cumulative losses in recent years.
• A history of operating loss or tax credit carryforwards
expiring unused.
• Losses expected in early future years by a presently
profitable holding company.
• Unsettled circumstances that, if unfavorably resolved,
would adversely affect future profit levels.
• A brief carryback or carryforward that would limit the
ability to realize the deferred tax asset.
Examples of positive evidence include:
• A strong earnings history exclusive of the loss that
created the future deductible amount (tax loss carryforward or deductible temporary difference) coupled with
evidence indicating that the loss is an aberration rather
than a continuing condition.
crual assets, historical levels and trends in loan loss
reserves, and the holding company’s interest rate sensitivity.
When strong negative evidence, such as the existence of
cumulative losses, exists, it is extremely difficult for a
holding company to determine that no valuation allowance is needed. Positive evidence of significant quality
and quantity would be required to counteract such negative evidence.
For purposes of determining the valuation allowance, a
tax-planning strategy is a prudent and feasible action that
would result in realization of deferred tax assets and that
management ordinarily might not take, but would do so to
prevent an operating loss or tax credit carryforward from
expiring unused. For example, a holding company could
accelerate taxable income to utilize carryforwards by
selling or securitizing loan portfolios, selling appreciated
securities, or restructuring nonperforming assets. Actions
that management would take in the normal course of
business are not considered tax-planning strategies.
Significant expenses to implement the tax-planning strategy and any significant losses that would result from
implementing the strategy shall be considered in determining any benefit to be realized from the tax-planning
strategy. Also, holding companies should consider all
possible consequences of any tax-planning strategies. For
example, loans pledged as collateral would not be available for sale.
• An excess of appreciated asset value over the tax basis
of an entity’s net assets in an amount sufficient to
realize the deferred tax asset.
The determination of whether a valuation allowance is
needed for deferred tax assets should be made for total
deferred tax assets, not for deferred tax assets net of
deferred tax liabilities. In addition, the evaluation should
be made on a jurisdiction-by-jurisdiction basis. Separate
analyses should be performed for amounts related to each
taxing authority (e.g., federal, state, and local).
When realization of a holding company’s deferred tax
assets is dependent upon future taxable income, the reliability of a holding company’s projections is very important. The holding company’s record in achieving projected
results under an actual operating plan will be a strong
measure of this reliability. Other factors a holding company should consider in evaluating evidence about its
future profitability include but are not limited to current
and expected economic conditions, concentrations of
credit risk within specific industries and geographical
areas, historical levels and trends in past due and nonac-
Deferred tax assets (net of the valuation allowance) and
deferred tax liabilities related to a particular tax jurisdiction (e.g., federal, state, and local) may be offset against
each other for reporting purposes. A resulting debit
balance shall be included in ‘‘Other assets’’ and reported
in Schedule HC-F, item 2. A resulting credit balance shall
be included in ‘‘Other liabilities’’ and reported in Schedule HC-G, item 2. A holding company may report a net
deferred tax debit, or asset, for one tax jurisdiction (e.g.,
federal taxes) and also report a net deferred tax credit, or
liability, for another tax jurisdiction (e.g., state taxes).
• Existing contracts that will generate significant income.
FR Y-9C
Glossary March 2015
GL-57
Glossary
Interim period applicable income taxes–When preparing
its year-to-date Report of Income for Holding Companies
as of the end of March, June, and September (‘‘interim
periods’’), a holding company generally should determine its best estimate of its effective annual tax rate for
the full year, including both current and deferred portions
and considering all tax jurisdictions (e.g., federal, state
and local). To arrive at its estimated effective annual tax
rate, a holding company should divide its estimated total
applicable income taxes (current and deferred) for the
year by its estimated pretax income for the year (excluding “discontinued operations”) This rate would then be
applied to the year-to-date pretax income to determine
the year- to-date applicable income taxes at the interim
date.
combined rate would generally be (1) the federal tax
rate plus (2) the state and local tax rates minus (3) the
federal tax effect of the deductibility of the state and
local taxes at the federal tax rate.
Intraperiod allocation of income taxes–When the
Report of Income for Holding Companies for a period
includes the results of “Discontinued operations” that
are reportable in Schedule HI, item 11, the total amount
of the applicable income taxes taxes for the year to date
shall be allocated in Schedule HI between item 9,
“Applicable income taxes (foreign and domestic),” and
item 11, “Discontinued operations, net of applicable
income taxes.”
In a purchase business combination, a deferred tax asset
shall generally be recognized at the date of acquisition
for deductible temporary differences and net operating
loss and tax credit carryforwards of either company in
the transaction, net of an appropriate valuation allowance. The determination of the valuation allowance
should consider any provisions in the tax law that may
restrict the use of an acquired company’s carryforwards.
The applicable income taxes on operating income (item
9) shall be the amount that the total applicable income
taxes on pretax income, including both current and
deferred taxes (calculated as described above), would
have been for the period had the results of “Discontinued
operations” been zero. The difference between item 9,
“Applicable income taxes (foreign and domestic),” and
the total amount of the applicable taxes shall then be
reflected in item 11 as applicable income taxes on
discontinued operations.
Subsequent recognition (i.e., by elimination of the valuation allowance) of the benefit of deductible temporary
differences and net operating loss or tax credit carryforwards not recognized at the acquisition date will
depend on the source of the benefit. If the valuation
allowance relates to deductible temporary differences
and carryforwards of the acquiring company established
before the acquisition, then subsequent recognition is
reported as a reduction of income tax expense. If the
benefit is related to the acquired company’s deductible
temporary differences and carryforwards, then the benefit is subsequently recognized by first reducing any
goodwill related to the acquisition, then by reducing all
other noncurrent intangible assets related to the acquisition, and finally, by reducing income tax expense.
Tax calculations by tax jurisdiction–Separate calculations of income taxes, both current and deferred
amounts, are required for each tax jurisdiction. However, if the tax laws of the state and local jurisdictions
do not significantly differ from federal income tax laws,
then the calculation of deferred income tax expense can
be made in the aggregate. The holding company would
calculate both current and deferred tax expense considering the combination of federal, state and local income
tax rates. The rate used should consider whether
amounts paid in one jurisdiction are deductible in
another jurisdiction. For example, since state and local
taxes are deductible for federal purposes, the aggregate
GL-58
Purchase business combinations–In purchase business
combinations (as described in the Glossary entry for
‘‘business combinations’’), holding companies shall recognize as a temporary difference the difference between
the tax basis of acquired assets or liabilities and the
amount of the purchase price allocated to the acquired
assets and liabilities (with certain exceptions specified
in ASC Topic 740). As a result, the acquired asset or
liability shall be recorded gross and a deferred tax asset
or liability shall be recorded for any resulting temporary difference.
Alternative Minimum Tax19–Any taxes a holding company must pay in accordance with the alternative minimum tax (AMT) shall be included in the holding company’s current tax expense. Amounts of AMT paid can
19. The 2017 federal tax law known as the Tax Cuts and Jobs Act
eliminates the corporate AMT for tax years beginning on or after January
1, 2018. The law also provides for the use of existing AMT credits to offset
Glossary
FR Y-9C
September 2018
Glossary
be carried forward in certain instances to reduce the
holding company’s regular tax liability in future years.
The holding company may record a deferred tax asset for
the amount of the AMT credit carryforward, which shall
then be evaluated in the same manner as other deferred
tax assets to determine whether a valuation allowance is
needed.
Other tax effects–A holding company may have transactions or items that are reportable in Schedule HI-A of the
Report of Income for Holding Companies such as
‘‘Cumulative effect of changes in accounting principles
and corrections of material accounting errors,’’ and ‘‘Foreign currency translation adjustments’’ that are included
in ‘‘Other comprehensive income.’’ These transactions or
other items will enter into the determination of taxable
income in some year (not necessarily the current year),
but are not included in the pretax income reflected in
Schedule HI of the Report of Income for Holding Companies. They shall be reported in Schedule HI-A net of
related income tax effects. These effects may increase or
decrease the holding company’s total tax liability calculated on its tax returns for the current year or may be
deferred to one or more future periods.
For further information, see ASC Topic 740. The following table has been included to aid holding companies in
calculating their ‘‘applicable income taxes’’ for purposes
of the FR Y-9C. The table includes the tax rates in effect
for the years presented.
FEDERAL INCOME TAX RATES APPLICABLE
TO HOLDING COMPANIES
First
Year $25,000
19932010
15%
Second
$25,000
Third
$25,000
Fourth
$25,00
Over
$100,000
15%
25%
34%
20
Capital
Gains
Regular
tax rates
Alternative
Minimum
Tax
20%
Insurance Commissions: Insurance commissions generally represent remuneration paid by insurance underwriters to insurance agents and brokers for the sale of
a holding company’s regular tax liability for tax years beginning in 2018,
2019, and 2020, with any remaining AMT credit carryforwards fully
refundable in the tax year beginning in 2021.
20. A 39% tax rate applies to taxable income from $100,001 to
$335,000; a 34% tax rate applies to taxable income from $335,001 to
$10,000,000; a tax rate of 35% applies to taxable income from $10,000,001
to $15,000,000; a tax rate of 38% applies to taxable income from
$15,000,001 to $18,333,333; and a 35% tax rate applies to taxable income
over $18,333,333.
FR Y-9C
Glossary September 2018
insurance products. Companies also earn fees for generating insurance sales leads pursued by third-party insurance agents and by providing other services related to
selling and servicing insurance contracts and maintaining
separate accounts.
Insurance Premiums: Insurance premiums are the consideration paid by policyholders to insurance underwriters in exchange for the provision of defined future
benefits or for the indemnification against specified
insured losses. For further information, see ASC Topic
944, Financial Services-Insurance (formerly FASB Statement No. 60, Accounting and Reporting by Insurance
Enterprises, and FASB Statement No. 97, Accounting
and Reporting by Insurance Enterprises for Certain
Long-Duration Contracts and for Realized Gains and
Losses from the Sale of Investments).
Insurance Underwriting: Insurance underwriting is the
process whereby insurance companies assume risks (e.g.
that a death, sickness, casualty or other event) will occur,
for which premiums based upon underwriting standards
are charged.
Intangible Assets: See ‘‘Business combinations.’’
Interest-Bearing Account: See ‘‘Deposits.’’
Interest Capitalization: See ‘‘Capitalization of interest.’’
Internal-Use Computer Software: Guidance on the
accounting and reporting for the costs of internal-use
computer software is set forth in ASC Subtopic 350-40,
Intangibles-Goodwill and Other—Internal-Use Software.
A summary of this accounting guidance follows. For
further information, see ASC Subtopic 350-40. Internaluse computer software is software that meets both of the
following characteristics: (1) The software is acquired,
internally developed, or modified solely to meet the
holding company’s internal needs; and (2) During the
software’s development or modification, no substantive
plan exists or is being developed to market the software
externally.
ASC Subtopic 350-40 identifies three stages of
development for internal-use software: the preliminary
project stage, the application development stage, and the
post- implementation/operation stage. The processes that
occur during the preliminary project stage of software
development are the conceptual formulation of alternatives, the evaluation of the alternatives, the determination
of the existence of needed technology, and the final
selection of alternatives. The application development
GL-59
Glossary
stage involves the design of the chosen path (including
software configuration and software interfaces), coding,
installation of software to hardware, and testing (including the parallel processing phase). Generally, training and
application maintenance occur during the postimplementation/operation stage. Upgrades of and
enhancements to existing internal-use software, i.e.,
modification to software that result in additional functionality, also go through the three aforementioned stages of
development.
The costs of internally developed computer software to
be sold, leased, or otherwise marketed as a separate
product or process should be reported in accordance with
ASC Subtopic 985-20, Software – Costs of Software to
Be Sold, Leased or Marketed. If, after the development of
internal-use software is completed, a holding company
decides to market the software, proceeds received from
the license of the software, net of direct incremental
marketing costs, should be applied against the carrying
amount of the software.
Computer software costs that are incurred in the preliminary project stage should be expensed as incurred.
Internal and external costs incurred to develop internaluse software during the application development stage
should be capitalized. Capitalization of these costs should
begin once (a) the preliminary project stage is completed
and (b) management, with the relevant authority, implicitly or explicitly authorizes and commits to funding a
computer software project and it is probable that the
project will be completed and the software will be used to
perform the function intended. Capitalization should
cease no later than when a computer software project is
substantially complete and ready for its intended use, i.e.,
after all substantial testing is completed. Capitalized
internal-use computer software costs generally should be
amortized on a straight-line basis over the estimated
useful life of the software.
Only the following application development stage costs
should be capitalized: (1) External direct costs of materials and services consumed in developing or obtaining
internal-use software; (2) Payroll and payroll-related
costs for employees who are directly associated with and
who devote time to the internal-use computer software
project (to the extent of the time spent directly on the
project); and (3) Interest costs incurred when developing
internal-use software.
Costs to develop or obtain software that allows for access
or conversion of old data by new systems also should be
capitalized. Otherwise, data conversion costs should be
expensed as incurred. General and administrative costs
and overhead costs should not be capitalized as internaluse software costs. During the post-implementation/
operation stage, internal and external training costs and
maintenance costs should be expensed as incurred.
Impairment of capitalized internal-use computer software costs should be recognized and measured in accordance with ASC Topic 360, Property, Plant, and Equipment.
International Banking Facility (IBF): General
definition—An International Banking Facility (IBF) is a
set of asset and liability accounts, segregated on the
books and records of the establishing entity, which reflect
international transactions. An IBF is established in accordance with the terms of Federal Reserve Regulation D
and after appropriate notification to the Federal Reserve.
The establishing entity may be a U.S. depository institution, a U.S. office of an Edge or Agreement corporation,
or a U.S. branch or agency of a foreign bank pursuant
to Federal Reserve Regulation D. An IBF is permitted
to hold only certain assets and liabilities. In general,
IBF accounts are limited, as specified in the paragraphs
below, to non-U.S. residents of foreign countries, residents of Puerto Rico and U.S. territories and possessions,
other IBFs, and U.S. and non-U.S. offices of the establishing entity.
GL-60
Permissible IBF assets include extensions of credit to the
following:
(1) non-U.S. residents (including foreign branches of
other U.S. banks);
(2) other IBFs; and
(3) U.S. and non-U.S. offices of the establishing entity.
Credit may be extended to non-U.S. nonbank residents
only if the funds are used in their operations outside the
United States. IBFs may extend credit in the form of a
loan, deposit, placement, advance, security, or other
similar asset.
Permissible IBF liabilities include (as specified in Federal Reserve Regulation D) liabilities to non-U.S. nonbank residents only if such liabilities have a minimum
maturity or notice period of at least two business days.
IBF liabilities also may include overnight liabilities to:
(1) non-U.S. offices of other depository institutions and
of Edge or Agreement corporations;
Glossary
FR Y-9C
September 2020
Glossary
(2) non-U.S. offices of foreign banks;
(3) Foreign governments and official institutions;
(4) other IBFs; and
(5) the establishing entity.
IBF liabilities may be issued in the form of deposits,
borrowings, placements, and other similar instruments.
However, IBFs are prohibited from issuing negotiable
certificates of deposit, bankers acceptances, or other
negotiable or bearer instruments.
Treatment of the IBFs of bank subsidiaries of the holding
company on the Consolidated Financial Statements for
Holding Companies (FR Y-9C)—IBFs established by a
subsidiary of the holding company (e.g., by a bank
subsidiary or by its Edge or Agreement subsidiaries) are
to be consolidated in the FR Y-9C. In the consolidated
balance sheet (Schedule HC) and income statement
(Schedule HI), transactions between the IBFs of the bank
subsidiaries of the reporting holding company and
between these IBFs and other offices of the holding
company are to be eliminated. For purposes of these
reports, the IBFs of the holding companies’ banking
subsidiaries are to be treated as foreign offices where, in
the schedules, a distinction is made between foreign and
domestic offices of the reporting holding company.
Assets of the IBFs of the banking subsidiaries of the
reporting holding company should be reported in the
asset categories of the report by type of instrument and
customer, as appropriate. For example, IBFs are to report
their holdings of securities in Schedule HC, item 2, and
in the appropriate items of Schedule HC-B; their holdings of loans that the IBF has the intent and ability to
hold for the foreseeable future or until maturity or payoff
(including loans of immediately available funds that have
an original maturity of one business day or roll over
under a continuing contract that are not securities resale
agreements) in Schedule HC, item 4(b), and in the
appropriate items of Schedule HC-C; and securities
purchased under agreements to resell in Schedule HC,
item 3(b).
For purposes of these reports, all liabilities of the IBFs of
the banking subsidiaries of the reporting holding company to outside parties are classified under four headings:
(1) Securities sold under agreements to repurchase,
which are to be reported in Schedule HC, item 14(b);
FR Y-9C
Glossary September 2020
(2) Borrowings of immediately available funds that have
an original maturity of one business day or roll over
under a continuing contract that are not securities
repurchase agreements, which are to be reported in
Schedule HC-M, item 14;
(3) Accrued liabilities, which are to be reported in
Schedule HC, item 20; and
(4) All other liabilities, including deposits, placements,
and borrowings, which are to be treated as deposit
liabilities in foreign offices and reported in Schedule
HC, item 13(b).
Treatment of transactions with IBFs of other depository
institutions—Transactions between the offices of the
reporting holding company and IBFs outside the scope of
the FR Y-9C are to be reported as transactions with
depository institutions in the U.S., as appropriate. (Note,
however, that only foreign offices of the holding company and IBFs of its banking subsidiaries are permitted to
have transactions with other IBFs.)
Investments in Common Stock of Unconsolidated
Subsidiaries: See the instruction to Schedule HC, item 8,
‘‘Investments in unconsolidated subsidiaries and associated companies.’’
Joint Venture: See ‘‘Subsidiaries.’’
Lease Accounting: A lease is an agreement that transfers
the right to use land, buildings, or equipment for a
specified period of time. This financing device is essentially an extension of credit evidenced by an obligation
between a lessee and a lessor.
Since the creation of the ASC by the FASB, standards for
lease accounting have been set forth in ASC Topic 840,
Leases. In February 2016, the FASB issued ASU
No. 2016-02, “Leases,” which added ASC Topic 842,
Leases. FASB has since issued various codification
improvements for leases in ASU 2018-10, “Codification
Improvements to Topic 842, Leases”; ASU 2018-11,
“Leases (Topic 842): Targeted Improvements”; ASU
2018-20, “Leases (Topic 842): Narrow-Scope Improvements for Lessors”; and ASU 2019-01, “Leases
(Topic 842): Codification Improvements”; hereafter
referred to collectively as the “Standard” or ASC
Topic 842. Upon an institution’s adoption of the Standard, based on the effective dates below, ASC Topic 842
supersedes ASC Topic 840, Leases. Accordingly, holding
companies that are required to adopt or have elected to
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Glossary
early adopt ASC Topic 842 should follow the guidance in
that section of this Glossary entry.
For holding companies that are public business entities as
defined in U.S. GAAP, ASC Topic 842 is effective for
fiscal years beginning after December 15, 2018, including interim reporting periods within those fiscal years.
Thus, for holding companies that are public business
entities, ASC Topic 842 is currently in effect. (For further
information, see the Glossary entry for “public business
entity.”) For holding companies that are not public
business entities, the FASB issued ASU 2020-05, “Effective Dates for Certain Entities,” on June 3, 2020, to defer
the effective date of ASC Topic 842 by one year. As
amended by ASU 2020-05, ASC Topic 842 will take
effect for entities that are not public business entities for
fiscal years beginning after December 15, 2021, and
interim reporting periods within fiscal years beginning
after December 15, 2022. Early application of the Standard is permitted for all holding companies. A holding
company that early adopts the Standard must apply it in
its entirety to all lease-related transactions. If a holding
company chooses to early adopt the Standard for financial reporting purposes, the holding company should
implement the new Standard in its FR Y-9C for the same
quarter-end report date. ASC Topic 842 does not fundamentally change the lessor accounting in ASC Topic 840;
however, ASC Topic 842 aligns terminology between
lessee and lessor accounting and brings key aspects of
lessor accounting into alignment with the FASB’s new
revenue recognition guidance in ASC Topic 606, Revenue from Contracts with Customers. As a result, the
classification difference between direct financing leases
and sales-type leases for lessors in ASC Topic 840 moves
from a risk-and-rewards principle to a transfer-of-control
principle. There is no longer a distinction in the treatment
of real estate and non-real estate leases by lessors in ASC
Topic 842.
The most significant change that ASC Topic 842 makes,
upon its adoption by an institution, is to lessee accounting. Under the predecessor accounting standard (ASC
Topic 840), lessees recognize lease assets and lease
liabilities on the balance sheet for capital leases, but do
not recognize operating leases on the balance sheet. ASC
Topic 842 instead requires institutions that lease premises
and other fixed assets as lessees to recognize a right-ofuse (ROU) asset and a lease liability on its balance sheet
for most operating leases. When preparing to implement
ASC Topic 842, holding companies will need to analyze
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their existing lease contracts to determine the cumulativeeffect adjustment and other balance sheet entries to
record as of the effective date of the adoption of ASC
Topic 842.
Accounting for Leases under ASC Topic 840 This
section of this Glossary entry applies to holding companies that have not adopted ASC Topic 842. For institutions that have adopted ASC Topic 842, Leases, this
section is no longer applicable. Refer to the “Accounting
for Leases under ASC Topic 842” section below.
Accounting and Reporting by a Holding Company as
Lessee—Any lease entered into by a lessee holding
company or its consolidated subsidiaries that are on an
accrual basis of accounting shall be accounted for as a
property acquisition financed with a debt obligation. The
property shall be amortized according to the holding
company’s normal depreciation policy (except, if appropriate, the amortization period shall be the lease term)
unless the lease involves land only. The interest expense
portion of each lease payment shall be calculated to result
in a constant rate of interest on the balance of the debt
obligation. In the FR Y-9C, the property ‘‘asset’’ is to be
reported in Schedule HC, item 6, “Premises and fixed
assets,” and the liability for capitalized leases in Schedule HC, item 16, ‘‘Other borrowed money.’’ In the
income statement, the interest expense portion of the
capital lease payments is to be reported in Schedule HI,
item 2(c), “Interest on trading liabilities and other borrowed money,” and in Schedule HC-M, item 23.b,
“Amount of “Other borrowings” that are secured.” and
the amortization expense on the asset is to be reported in
Schedule HI, item 7(b), ‘‘Expenses of premises and fixed
assets.’’ If any one of the following criteria is met, a lease
must be accounted for as a capital lease:
(1) Ownership of the property is transferred to the lessee
at the end of the lease term, or
(2) The lease contains a bargain purchase option, or
(3) The lease term represents at least 75 percent of the
estimated economic life of the leased property, or
(4) The present value of the minimum lease payments at
the beginning of the lease term is 90 percent or more
of the fair value of the leased property to the lessor at
the inception of the lease less any related investment
tax credit retained by and expected to be realized by
the lessor.
Glossary
FR Y-9C
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Glossary
If none of the above criteria is met, the lease should be
accounted for as an operating lease. Rental payments
should be charged to expense over the term of the
operating lease as they become payable.
NOTE: If a lease involves land only, the lease must be
capitalized if either of the first two criteria above is met.
Where a lease that involves land and building meets
either of these two criteria, the land and building must be
separately capitalized by the lessee. The accounting for a
lease involving land and building that meets neither of
the first two criteria should conform to the standards
prescribed by ASC Topic 840.
Accounting for Sales with Leasebacks—Sale–leaseback
transactions involve the sale of property by the owner
and a lease of the property back to the seller. If a holding
company sells premises or fixed assets and leases back
the property, the lease shall be treated as a capital lease if
it meets any one of the four criteria above for capitalization. Otherwise, the lease shall be accounted for as an
operating lease.
As a general rule, the holding company shall defer any
gain resulting from the sale. For capital leases, this
deferred gain is amortized in proportion to the depreciation taken on the leased asset. For operating leases, the
deferred gain is amortized in proportion to the rental
payments the holding company will make over the lease
term. The unamortized deferred gain is to be reported in
‘‘Other liabilities.’’ (Exceptions to the general rule on
deferral which permit full or partial recognition of a gain
at the time of the sale may occur if the leaseback covers
less than substantially all of the property that was sold or
if the total gain exceeds the minimum lease payments.)
If the fair value of the property at the time of the sale is
less than the book value of the property, the difference
between these two amounts shall be recognized as a loss
immediately. In this case, if the sales price is less than the
fair value of the property, the additional loss shall be
deferred since it is in substance a prepayment of rent.
Similarly, if the fair value of the property sold is greater
than its book value, any loss on the sale shall also be
deferred. Deferred losses shall be amortized in the same
manner as deferred gains as described above.
For further information, see ASC Subtopic 840-40,
Leases – Sale-Leaseback Transactions.
Accounting and Reporting by a Holding Company as
Lessor—Unless a long-term creditor is also involved in
FR Y-9C
Glossary September 2020
the transaction, a lease entered into by a lessor holding
company or its consolidated subsidiaries on an accrual
accounting basis that meets one of the four criteria above
for a capital lease plus two additional criteria (as defined
below) shall be treated as a direct financing lease. After
initial direct costs have been deducted, the unearned
income (minimum lease payments plus estimated residual
value less the cost of the leased property) shall be
amortized to income over the lease term in a manner
which produces a constant rate of return on the net
investment (minimum lease payments plus estimated
residual value less unearned income). Other methods of
income recognition may be used if the results are not
materially different.
The following two additional criteria must be met for a
lease to be classified as a direct financing lease:
(1) Collectability of the minimum lease payments is
reasonably predictable.
(2) No important uncertainties surround the amount of
unreimbursable costs yet to be incurred by the lessor
under the lease.
When a lessor holding company or its consolidated
subsidiaries on an accrual basis of accounting enters into
a lease that has all the characteristics of a direct financing
lease but where a long-term creditor provides nonrecourse financing to the lessor, the transaction shall be
accounted for as a leveraged lease. The lessor’s net
investment in a leveraged lease shall be recorded in a
manner similar to that for a direct financing lease but net
of the principal and interest on the nonrecourse debt.
Based on a projected cash flow analysis for the lease
term, unearned and deferred income shall be amortized to
income at a constant rate only in those years of the lease
term in which the net investment is positive. In the years
in which the net investment is not positive, no income is
to be recognized on the leveraged lease.
If a lease is neither a direct financing lease nor a
leveraged lease, the lessor holding company or its consolidated subsidiaries shall account for it as an operating
lease. The leased property shall be reported as ‘‘Other
assets’’ and depreciated in accordance with the holding
company’s normal policy. Rental payments are generally
credited to income over the term of an operating lease as
they become receivable.
Accounting for Leases under ASC Topic 842
This section of this Glossary entry applies to holding
companies that have adopted ASC Topic 842. Holding
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Glossary
companies that have not adopted ASC Topic 842 should
continue to refer to the “Accounting for Leases under
ASC Topic 840” section above.
Lease Term - The Standard defines lease term as the
noncancellable period for which a lessee has the right to
use an underlying asset, together with all of the following:
(1) Periods covered by an option to extend the lease if
the lessee is reasonably certain to exercise that
option;
(2) Periods covered by an option to terminate the lease if
the lessee is reasonably certain not to exercise that
option; and
(3) Periods covered by an option to extend (or not to
terminate) the lease in which exercise of the option is
controlled by the lessor.
Reasonable certainty is based on an assessment of factors
at the commencement date of the lease that would create
an economic incentive for the lessee either to exercise or
not exercise an option to extend, terminate, or purchase.
The commencement date of the lease is the date on which
the lessor makes the underlying asset available for use by
the lessee. Examples of factors that could create economic incentives that should be considered include (1) a
lease renewal option priced below market rates and
(2) significant leasehold improvements that would be
impaired, business interruption costs, and relocation costs
if the lease term were not extended. For additional
information on the lease term, reasonable certainty, and
commencement date, refer to ASC Topic 842.
Accounting and Reporting by an institution as Lessee
- ASC Topic 842 distinguishes between an operating
lease and a finance lease (formerly classified as a capital
lease under ASC Topic 840). The Standard requires all
lessees to report an ROU asset and a lease liability on the
balance sheet for most operating and finance leases. The
ROU asset reflects the lessee’s control over the leased
item’s economic benefits during the lease term.
While most leases will be reported on a lessee’s balance
sheet, the Standard permits a lessee to make an accounting policy election to exempt leases from balance sheet
recognition as long as the lease, as of its commencement
date, has a lease term, as defined above, of 12 months or
less and does not include an option to purchase the
underlying asset that the lessee is reasonably certain to
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exercise. This accounting policy election for short-term
leases must be made by class of underlying asset.
In the FR Y-9C report, ROU assets for operating leases
and finance leases should be reported in Schedule HC,
item 6, “Premises and fixed assets.” Lease liabilities for
finance leases should be reported in Schedule HC-M,
items 14.c, “Other borrowings,” and 23.b, “Amount of
′Other borrowings’ that are secured.” Lease liabilities for
operating leases should be reported in Schedule HC-G,
item 4, “All other liabilities.”
In the FR Y-9C report, the interest expense on lease
liabilities for finance leases (measured using the effective
interest method) should be reported in Schedule HI,
item 2.c, “Interest on trading liabilities and other borrowed money.” The amortization expense (typically
straight-line) on the ROU asset for a finance lease should
be reported in Schedule HI, item 7.b, “Expenses of
premises and fixed assets.” The ROU asset for a finance
lease generally should be amortized on a straight-line
basis from the commencement date of the lease to the
earlier of the end of the useful life of the ROU asset or the
end of the lease term.
In the FR Y-9C report, operating lease expenses are to be
reported in Schedule HI, item 7.b, “Expenses of premises
and fixed assets,” as a single lease cost calculated so that
this cost (i.e., the interest on the lease liability and the
amortization of the ROU asset) is allocated over the lease
term, generally on a straight-line basis.
Lease Classification—Lessee - A lessee classifies a
lease as a finance lease21 when the terms of the lease
effectively transfer control of the underlying asset and the
substance of the transaction is reflective of a sale. This
occurs when any of the following five criteria are met:
(1) The lease transfers ownership of the underlying asset
to the lessee by the end of the lease term.
(2) The lease grants the lessee an option to purchase the
underlying asset that the lessee is reasonably certain
to exercise.
(3) The lease term is for the major part of the remaining
economic life of the underlying asset. However, if the
commencement date of the lease falls at or near the
21. ASC Topic 842 requires that land be considered a separate lease
component in a contract involving land and other assets, unless the effect
of separately accounting for the land portion of the contract is insignificant.
Glossary
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Glossary
end of the economic life of the underlying asset, this
criterion shall not be used for the purpose of classifying the lease.
(2) Variable lease payments tied to an index or a rate,
measured using the index or rate at lease commencement;
(4) The present value of the sum of the lease payments,
as defined in ASC Topic 842, and any residual value
guaranteed by the lessee that is not already reflected
in the lease payments equals or exceeds substantially
all of the fair value of the underlying asset.
(3) The exercise price of an option to purchase the leased
asset, if that option is reasonably certain of being
exercised;
(5) The underlying asset is such a specialized nature that
it is expected to have no alternative use to the lessor
at the end of the lease term.
If none of the finance lease criteria are met and the lease
is not a short-term lease for which the holding company
has elected the short-term lease policy election, the lease
is classified as an operating lease.
Lease Measurement - Lessee - The determination of
whether a contract is or contains a lease is performed at
its inception (the date the contract is agreed upon) and is
reassessed only if the terms and conditions of the contract
are changed. The classification and measurement of a
lease are determined at the commencement date of the
lease.
At the commencement date, the ROU asset consists of:
(1) The amount of the initial measurement of the lease
liability;
(2) Any lease payments made to the lessor at or before
the commencement date, minus any lease incentives
received; and
(3) Any initial direct costs incurred by the lessee.
At the commencement date, the lease liability equals the
present value of the lease payments not yet paid, discounted using the discount rate for the lease.22 The lease
payments consist of:
(1) Fixed lease payments, less any lease incentives payable to the lessee;
22. As defined in ASC Topic 842, the discount rate for the lease for a
lessee is the rate implicit in the lease (see the footnote in the “Lease
Measurement – Lessor – Sales-Type and Direct Financing Leases” section
below) unless that rate cannot be readily determined, in which case the
lessee is required to use its incremental borrowing rate. The lessee’s
incremental borrowing rate is the rate of interest that the lessee would have
to pay to borrow on a collateralized basis over a similar term an amount
equal to the lease payments in a similar economic environment.
FR Y-9C
Glossary September 2020
(4) Payments for penalties to terminate the lease, if it is
reasonably certain that such penalties will be incurred;
(5) Fees owed by the lessee to the owners of a specialpurposes entity for structuring the transaction; and
(6) Amounts probable of being owed by the lessee under
residual value guarantees.
Regulatory Capital Treatment of Leases for a Lessee –
To the extent an ROU asset arises due to a lessee’s lease
of a tangible asset (e.g., building or equipment), the
lessee institution should treat the ROU asset as a tangible
asset not subject to deduction from regulatory capital.
ROU assets must be risk weighted at 100 percent in
accordance with the agencies’ regulatory capital rules
and included in the lessee institution’s calculation of total
risk-weighted assets, except for an institution subject to
the community bank leverage ratio (CBLR) framework.
In addition, the lessee institution should include its ROU
assets in its total assets for leverage ratio calculation
purposes.
Accounting and Reporting by an Institution as Lessor
– ASC Topic 842 does not significantly change the
lessor’s accounting under ASC Topic 840. ASC Topic 842
clarifies that, for sales-type and direct financing leases,
the lessor assesses its net investment in the lease (described
below under “Lease Measurement – Lessor”) for impairment under ASC Topic 310, Receivables, or ASC Subtopic 326-20, Financial Instruments – Credit Losses –
Measured at Amortized Cost, as applicable.23 Operating
lease assets remain on the lessor’s balance sheet and shall
be assessed for impairment under ASC Topic 360, Property, Plant, and Equipment.
In the FR Y-9C report, the lessor should report the net
investment in the lease in Schedule HC-C, Part I, item 10,
“Lease financing receivables.” In the FR Y-9C Report of
Income, the income on the lease should be reported in
23. The guidance in ASC Subtopic 326-20, which introduces the current expected credit losses methodology (CECL), should be applied to the
net investment in the lease once this Subtopic is adopted.
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Glossary
Schedule HI, item 1.b, “Income from lease financing
receivables.”
commencement, a lessor institution is required to apply
the definition of fair value in ASC Topic 820.
For operating leases, the lessor shall depreciate the leased
property in accordance with the institution’s normal
policy and reports the property (net of depreciation) in
Schedule HC-F, item 6, “All other assets.” Rental income
is reported in Schedule HI, item 5.l, “Other noninterest
income,” over the term of an operating lease.
Lease Measurement – Lessor – Sales-Type and Direct
Financing Leases – At the commencement date of the
lease, the net investment in a sales-type or a direct
financing lease is measured at the present value of the
following amounts, discounted using the rate implicit in
the lease:
Lease Classification – Lessor – Accounting by an
institution as a lessor results in classifying a lease as a
sales-type, direct financing, or operating lease based on
an assessment of the criteria described in the following
paragraphs at the commencement date of the lease.
(1) The lease payments not yet received by the lessor;
A lessor classifies a lease as a sales-type lease if any one
of the five criteria described above under “Lease Classification – Lessee” is met, subject to the clarification of
criterion (4) described below. Otherwise, the lessor is
required to assess whether the lease is a direct financing
lease or an operating lease.
(3) The amount the lessor expects to derive from the
underlying asset following the end of the lease term
that is not guaranteed by the lessee or any other third
party unrelated to the lessor (i.e., the unguaranteed
residual asset).
A lease that does not meet any of the five criteria for a
sales-type lease, but meets the following two criteria,
shall be classified as a direct financing lease.
(1) The present value of the sum of the lease payments
and any residual value guaranteed by the lessee that
is not already reflected in the lease payments and/or
any other third party unrelated to the lessor equals or
exceeds substantially all of the fair value of the
underlying asset; and
(2) It is probable that the lessor will collect the lease
payments plus any amount necessary to satisfy a
residual value guarantee.
If a lease does not meet the criteria for a sales-type or a
direct financing lease, the lessor institution shall account
for the lease as an operating lease.
For purposes of assessing criterion (4) above under
“Lease Classification – Lessee” for a sales-type lease and
criterion (1) above for a direct financing lease, the
codification improvements in ASU 2019-01 clarified
that, for a lessor that is not a manufacturer or a dealer
(e.g., a financial institution), the fair value of the underlying asset at lease commencement is ordinarily its cost,
reflecting any volume or trade discounts that may apply,
instead of fair value as defined in ASC Topic 820, Fair
Value Measurement. However, if significant time lapses
between the acquisition of the underlying asset and lease
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(2) The amount the lessor expects to derive from the
underlying asset following the end of the lease term
that is guaranteed by the lessee or any other third
party unrelated to the lessor; and
In a direct financing lease, selling profit, if any, and initial
direct costs are deferred at the commencement date and
included in the net investment in the lease, but any selling
loss arising from the lease must be recognized. When no
selling profit or loss is recognized in a sales-type lease,
initial direct costs are deferred at the commencement date
and recognized over the lease term as part of the net
investment in the lease.
In addition, at the lease commencement date, the lessor
should derecognize the carrying amount of the underlying asset (if previously recognized) unless the lease is a
sales-type lease and collectibility of the lease payments is
not probable as discussed below.
Collectibility – Lessor – Sales-Type and Direct Financing Leases – In recording either a sales-type lease or a
direct financing lease, the collectibility of amounts due
under the lease, including any amount necessary to
satisfy a residual value guarantee, must be probable at the
lease commencement date. If collectibility is not probable, a lease that would otherwise be classified as a direct
financing lease should be accounted for as an operating
lease. For a sales-type lease, if collectibility of amounts
due under the lease is not probable at the lease commencement date, the institution, as lessor, should neither
derecognize the underlying asset nor recognize the net
investment in the lease. Instead, the institution, as lessor,
should recognize lease payments received as a liability
until the earliest of the following:
Glossary
FR Y-9C
September 2020
Glossary
(1) The collectibility of amounts due under the lease
becomes probable; or
(2) The contract has been terminated and the lease
payments received are nonrefundable; or
(3) The institution, as lessor, has repossessed the leased
asset, it has no further obligation under the lease to
the lessee, and the lease payments received are
nonrefundable.
In a sales-type lease, any selling profit or loss arising
from the lease is recognized in full and initial direct costs
generally are expensed by the lessor at the commencement date unless there is no selling profit or loss to be
recognized or collectibility of amounts due under the
lease is not probable.
Operating Lease - Lessor - In an operating lease, the
leased asset remains on the lessor’s balance sheet and
continues to be depreciated over its estimated useful life.
The lessor defers initial direct costs at the commencement date of the lease. The lease payments and initial
direct costs generally are recognized in income and
expense, respectively, over the lease term on a straightline basis, or on another systematic and rational basis if it
is more representative of the pattern in which benefit is
expected to be derived from (i.e., income is earned from)
the use of the underlying asset. Other methods of income
recognition may be used if the results are not materially
different. The lessor is required to use the guidance in
ASC Topic 842 to assess the probability of collection of
the lease payments from a lessee at, as well as after, the
lease commencement date. A lessor may elect to supplement the guidance in ASC Topic 842 with the portfolio
allowance approach in ASC Subtopic 450-20, Contingencies – Loss Contingencies.
Leveraged Leases – Leveraged leases no longer exist
under ASC Topic 842. The Standard grandfathers the
ASC Topic 840 accounting treatment for leveraged leases
existing on the date of adoption of ASC Topic 842.
However, lessors are required to follow the criteria in
ASC Topic 842 when classifying and accounting for any
grandfathered leveraged leases modified after the date of
adoption of the Standard.
Sale and Leaseback Transactions – In a sale and
leaseback transaction, the seller-lessee sells an asset it
owns to the buyer-lessor and leases back all or a portion
of the same asset for all or a portion of the asset’s
remaining economic life. For the transfer of an asset in a
FR Y-9C
Glossary September 2020
sale and leaseback transaction to qualify for sale treatment, ASC Topic 842 requires certain criteria within
ASC Topic 606 to be met. In general, under ASC
Topic 606, an institution is required to determine whether
a contract exists (within the meaning of ASC Topic 606)
and whether the seller-lessee has satisfied its performance obligations by transferring control of the asset to
the buyer-lessor.
These criteria also require, among other things, that a
contract with a related party have commercial substance
(that is, the risk, timing, or amount of the seller-lessee’s
future cash flows is expected to change as a result of the
contract). Related party contracts that lack commercial
substance will not qualify for sale treatment in sale and
leaseback transactions.
An option for the seller-lessee to repurchase the asset
would preclude accounting for the transfer of the asset as
a sale unless both of the following criteria are met:
(1) The exercise price of the option is the fair value of
the asset at the time the option is exercised; and
(2) There are alternative assets, substantially the same as
the transferred asset, readily available in the marketplace.
However, if the contract for the asset transfer contains a
repurchase option and the leased asset is real estate,
control of the asset has not been transferred to the
buyer-lessor and therefore the transaction is not expected
to meet the criteria necessary under ASC Topic 606 to
recognize a sale. Additionally, if the leaseback is a
finance lease for the seller-lessee, control has not been
transferred, and thus there is no sale.
The classification of a lease can also impact whether a
sale has occurred for accounting purposes. In the event a
leaseback is classified as a finance lease by the sellerlessee, or a sales-type lease by the buyer-lessor, then a
sale has not occurred since a finance lease is essentially
the purchase of an asset and a sales-type lease is essentially a sale of an asset. As such, the transaction would be
considered a failed sale and leaseback transaction.
If the transaction qualifies as a sale in accordance with
ASC Topic 606 and the transaction would not be considered a failed sale and leaseback, any gain or loss on the
sale is recognized immediately. If the transaction would
not meet the criteria for a sale under ASC Topic 606, or
when the leaseback would not be classified as an operating lease by the seller-lessee (i.e., would be a failed sale
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Glossary
and leaseback), the transaction would be accounted for as
a financing arrangement by the seller-lessee and a lending transaction by the buyer-lessor. The seller-lessee
would not derecognize the transferred asset and would
continue to depreciate the asset as if it were the legal
owner. Any sales proceeds received by the seller-lessee
would be reported as a liability.
Letter of Credit: A letter of credit is a document issued
by a holding company or its consolidated subsidiaries
(generally a banking subsidiary) on behalf of its customer
(the account party) authorizing a third party (the beneficiary), or in special cases the account party, to draw
drafts on the holding company or its consolidated subsidiary up to a stipulated amount and with specified terms
and conditions. The letter of credit is a conditional
commitment (except when prepaid by the account party)
on the part of the consolidated holding company to
provide payment on drafts drawn in accordance with the
terms of the document.
As a matter of sound practice, letters of credit should:
(1) be conspicuously labeled as a letter of credit;
(2) contain a specified expiration date or be for a definite
term;
(3) be limited in amount;
(4) call upon the issuing holding company or its issuing
consolidated subsidiaries to pay only upon the presentation of a draft or other documents as specified in
the letter of credit and not require the issuing holding
company or consolidated subsidiaries to make determinations of fact or law at issue between the account
party and the beneficiary; and
(5) be issued only subject to an agreement between the
account party and the issuing holding company or its
consolidated subsidiaries which establishes the
unqualified obligation of the account party to reimburse the issuing holding company or its consolidated subsidiaries for all payments made under the
letter of credit.
There are four basic types of letters of credit:
(1) commercial letters of credit,
(2) letters of credit sold for cash,
(3) travelers’ letters of credit, and
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(4) standby letters of credit, each of which is discussed
separately below.
A commercial letter of credit is issued specifically to
facilitate trade or commerce. Under the terms of a
commercial letter of credit, as a general rule, drafts will
be drawn when the underlying transaction is consummated as intended.
A letter of credit sold for cash is a letter of credit for which
the holding company or a consolidated subsidiary has
received funds from the account party at the time of
issuance. This type of letter of credit is not to be reported
as an outstanding letter of credit but as a demand deposit.
These letters are considered to have been sold for cash
even though the consolidated holding company may have
advanced funds to the account party for the purchase of
such letters of credit on a secured or unsecured basis.
A travelers’ letter of credit is issued to facilitate travel.
This letter of credit is addressed by the holding company
or its consolidated subsidiaries to its correspondents authorizing the correspondents to honor drafts drawn by the
person named in the letter of credit in accordance with
specified terms. These letters are generally sold for cash.
A standby letter of credit is a letter of credit or similar
arrangement that:
(1) represents an obligation on the part of the issuing
holding company or a consolidated subsidiary to a
designated third party (the beneficiary) contingent
upon the failure of the issuing consolidated holding
company’s customer (the account party) to perform
under the terms of the underlying contract with the
beneficiary, or
(2) obligates the holding company or a consolidated
subsidiary to guarantee or stand as surety for the
benefit of a third party to the extent permitted by law
or regulation.
The underlying contract may entail either financial or
nonfinancial undertakings of the account party with the
beneficiary. The underlying contract may involve such
things as the customer’s payment of commercial paper,
delivery of merchandise, completion of a construction
contract, release of maritime liens, or repayment of the
account party’s obligations to the beneficiary. Under the
terms of a standby letter, as a general rule, drafts will be
drawn only when the underlying event fails to occur as
intended.
Glossary
FR Y-9C
September 2020
Glossary
Limited-Life Preferred Stock: See “Preferred stock.”
Loan: For purposes of this report, a loan is generally an
extension of credit resulting from direct negotiations
between a lender and a borrower. The reporting holding
company or its consolidated subsidiaries may originate a
loan by directly negotiating with a borrower or it may
purchase a loan or a portion of a loan originated by
another lender that directly negotiated with a borrower.
The reporting holding company or its subsidiaries may
also sell a loan or a portion of a loan, regardless of the
method by which it acquired the loan.
Loans may take the form of promissory notes, acknowledgments of advance, due bills, invoices, overdrafts,
acceptances, and similar written or oral obligations.
Among the extensions of credit reportable as loans in
Schedule HC-C, which covers both loans held for sale
and loans that the reporting holding company has the
intent and ability to hold for the foreseeable future or
until maturity or payoff, are:
(1) acceptances of banks that are not consolidated subsidiaries for the reporting holding company’s FR
Y-9C;
(2) acceptances executed by or for the account of a
subsidiary bank of the reporting holding company
and subsequently acquired by the consolidated holding company through purchase or discount;
(3) customers’ liability to a bank subsidiary of the
reporting holding company on drafts paid under
letters of credit for which the bank subsidiary of the
reporting holding company has not been reimbursed;
(4) ‘‘advances’’ and commodity or bill-of-lading drafts
payable upon arrival of goods against which drawn,
for which a bank subsidiary of the reporting holding
company has given deposit credit to customers;
(5) paper pledged by the holding company or by its consolidated subsidiaries whether for collateral to secure
bills payable (e.g., margin collateral to secure bills
rediscounted) or for any other purpose;
(6) sales of ‘‘term federal funds’’ (i.e., sales of immediately available funds with a maturity of more than
one business day), other than those involving security resale agreements;
(7) factored accounts receivable;
FR Y-9C
Glossary March 2015
(8) loans arising out of the purchase of assets (other than
securities) under resale agreements with a maturity of
more than one business day if the agreement requires
the holding company to resell the identical asset
purchased; or
(9) participations (acquired or held) in a single loan or
in a pool of loans or receivables (see discussion in the
Glossary entry for “Transfers of Financial Assets”).
Loan acceptances and commercial paper, held in a trading account are to be reported in Schedule HC, item 5,
“Trading assets.”
See also “Loan secured by real estate,” “Overdraft,” and
“Sale of assets.”
Loan Fees: The accounting standards for nonrefundable
fees and costs associated with lending, committing to
lend, and purchasing a loan or group of loans are set forth
in ASC Subtopic 310-20, Receivables – Nonrefundable
Fees and Other Costs, a summary of which follows. The
statement applies to all types of loans as well as to debt
securities (but not to loans or debt securities carried at
fair value if the changes in fair value are included in
earnings) and to all types of lenders. For further information, see ASC Subtopic 310-20.
A holding company may acquire a loan by originating the
loan (lending) or by acquiring a loan from a party other
than the borrower (purchasing). Lending, committing to
lend, refinancing or restructuring loans, arranging standby
letters of credit, syndicating loans, and leasing activities
are all considered ‘‘lending activities.’’ Nonrefundable
loan fees paid by the borrower to the lender may have
many different names, such as origination fees, points,
placement fees, commitment fees, application fees, management fees, restructuring fees, and syndication fees,
but in this Glossary entry, they are referred to as loan
origination fees, commitment fees, or syndication fees.
ASC Subtopic 310-20 applies to both a lender and a
purchaser, and should be applied to individual loan
contracts. Aggregation of similar loans for purposes of
recognizing net fees or costs and purchase premiums or
discounts is permitted under certain circumstances specified in ASC Subtopic 310-20 or if the result does not
differ materially from the amount that would have been
recognized on an individual loan-by-loan basis. In general, the ASC Subtopic 310-20 specifies that:
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Glossary
(1) Loan origination fees should be deferred and recognized over the life of the related loan as an adjustment of yield (interest income). Once a holding
company adopts ASC Subtopic 310-20, recognizing
a portion of loan fees as revenue to offset all or part
of origination costs in the reporting period in which a
loan is originated is no longer acceptable.
(2) Certain direct loan origination costs specified in the
ASC Subtopic 310-20 should be deferred and recognized over the life of the related loan as a reduction
of the loan’s yield. Loan origination fees and related
direct loan origination costs for a given loan should
be offset and only the net amount deferred and
amortized.
(3) Direct loan origination costs should be offset against
related commitment fees and the net amounts deferred
except for: (a) commitment fees (net of costs) where
the likelihood of exercise of the commitment is
remote, which generally should be recognized as
service fee income on a straight line basis over the
loan commitment period, and (b) retrospectively
determined fees, which are recognized as service fee
income on the date as of which the amount of the fee
is determined. All other commitment fees (net of
costs) shall be deferred over the entire commitment
period and recognized as an adjustment of yield over
the related loan’s life or, if the commitment expires
unexercised, recognized in income upon expiration
of the commitment.
(4) Loan syndication fees should be recognized by the
institution managing a loan syndication (the syndicator) when the syndication is complete unless a portion of the syndication loan is retained. If the yield on
the portion of the loan retained by the syndicator is
less than the average yield to the other syndication
participants after considering the fees passed through
by the syndicator, the syndicator should defer a
portion of the syndication fee to produce a yield on
the portion of the loan retained that is not less than
the average yield on the loans held by the other
syndication participants.
(5) Loan fees, certain direct loan origination costs, and
purchase premiums and discounts on loans shall be
recognized as an adjustment of yield generally by the
interest method based on the contractual term of the
loan. However, if the holding company holds a large
number of similar loans for which prepayments are
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probable and the timing and amount of prepayments
can be reasonably estimated, the holding company
may consider estimates of future principal prepayments in the calculation of the constant effective
yield necessary to apply the interest method. Once a
holding company adopts ASC Subtopic 310-20, the
practice of recognizing fees over the estimated average life of a group of loans is no longer acceptable.
(6) A refinanced or restructured loan, other than a
troubled debt restructuring, should be accounted for
as a new loan if the terms of the new loan are at least
as favorable to the lender as the terms for comparable
loans to other customers with similar collection risks
who are not refinancing or restructuring a loan. Any
unamortized net fees or costs and any prepayment
penalties from the original loan should be recognized
in interest income when the new loan is granted. If
the refinancing or restructuring does not meet these
conditions or if only minor modifications are made to
the original loan contract, the unamortized net fees or
costs from the original loan and any prepayment
penalties should be carried forward as a part of the
net investment in the new loan (or the amortized cost
basis of the new loan if the holding company has
adopted ASC Topic 326, Financial Instruments—
Credit Losses). The net investment in, or the amortized cost basis of, the new loan, as applicable,
should consist of the remaining net investment in the
original loan, any additional amounts loaned, any
fees received, and direct loan origination costs associated with the transaction. In a troubled debt restructuring involving a modification of terms, fees received
should be applied as a reduction of the recorded
investment in, or the amortized cost basis of, the
loan, as applicable; the loan, and all related costs,
including direct loan origination costs, should be
charged to expense as incurred. (See the Glossary
entry for ‘‘troubled debt restructurings’’ for further
guidance.)
(7) Deferred net fees or costs shall not be amortized
during periods in which interest income on a loan is
not being recognized because of concerns about
realization of loan principal or interest.
Direct loan origination costs of a completed loan are
defined to include only (a) incremental direct costs of
loan origination incurred in transactions with independent third parties for that particular loan and (b) certain
Glossary
FR Y-9C
September 2020
Glossary
costs directly related to specified activities performed by
the lender for that particular loan.24 Incremental direct
costs are costs to originate a loan that (a) result directly
from and are essential to the lending transaction and (b)
would not have been incurred by the lender had that
lending transaction not occurred. The specified activities
performed by the lender are evaluating the prospective
borrower’s financial condition; evaluating and recording
guarantees, collateral, and other security arrangements;
negotiating loan terms; preparing and processing loan
documents; and closing the transaction. The costs directly
related to those activities include only that portion of the
employees’ total compensation and payroll-related fringe
benefits directly related to time spent performing those
activities for that particular loan and other costs related to
those activities that would not have been incurred but for
that particular loan.
All other lending-related costs, whether or not incremental, should be charged to expense as incurred, including
costs related to activities performed by the lender for
advertising, identifying potential borrowers, soliciting
potential borrowers, servicing existing loans, and other
ancillary activities related to establishing and monitoring
credit policies, supervision, and administration. Employees’ compensation and fringe benefits related to these
activities, unsuccessful loan origination efforts, and idle
time should be charged to expense as incurred. Administrative costs, rent, depreciation, and all other occupancy
and equipment costs are considered indirect costs and
should be charged to expense as incurred.
Net unamortized loan fees represent an adjustment of the
loan yield, and shall be reported in the same manner as
unearned income on loans, i.e., deducted from the related
loan balances (to the extent possible) or deducted from
total loans in ‘‘Any unearned income on loans reflected in
items 1-9 above’’ in Schedule HC-C. Net unamortized
direct loan origination costs shall be added to the related
loan balances in Schedule HC-C. Amounts of loan
origination, commitment, and other fees and costs recognized as an adjustment of yield should be reported under
the appropriate subitem of item 1, ‘‘Interest income,’’ in
Schedule HI. Other fees, such as (a) commitment fees
that are recognized during the commitment period or
24. For purposes of this report, a holding company which deems its
costsfor these lending activities not to be material and which need not
maintain records on a loan-by-loan basis for other purposes may expense
such costs as incurred.
FR Y-9C
Glossary September 2020
included in income when the commitment expires (i.e.
fees retrospectively determined and fees for commitments where exercise is remote) and (b) syndication fees
that are not deferred, should be reported as ‘‘Other
noninterest income’’ on Schedule HI.
Loan Impairment: This Glossary entry applies to holding companies that have not adopted ASC Topic 326,
Financial Instruments—Credit Losses. Holding companies that have adopted ASC Topic 326 should refer to the
Glossary entry for “allowance for credit losses.”
The accounting standard for impaired loans is ASC
Topic 310, Receivables. For further information, refer to
ASC Topic 310. Each institution is responsible for maintaining an allowance for loan and lease losses (allowance) at a level that is appropriate to cover estimated
credit losses in its entire portfolio of loans and leases held
for investment, i.e., loans and leases that the holding
company has the intent and ability to hold for the
foreseeable future or until maturity or payoff. ASC
Topic 310 sets forth measurement methods for estimating
the portion of the overall allowance for loan and lease
losses attributable to individually impaired loans. For the
remainder of the portfolio, an appropriate allowance
must be maintained in accordance with ASC Subtopic 450-20, Contingencies – Loss Contingencies, For
comprehensive guidance on the maintenance of an appropriate allowance, holding companies should refer to the
Interagency Policy Statement on the Allowance for Loan
and Lease Losses dated December 13, 2006, and the
Glossary entry for “allowance for loan and lease losses.”
In general, loans are impaired under ASC Topic 310
when, based on current information and events, it is
probable that an institution will be unable to collect all
amounts due (i.e., both principal and interest) according
to the contractual terms of the original loan agreement.
An institution should apply its normal loan review procedures when identifying loans to be individually evaluated
for impairment under ASC Topic 310. When an individually evaluated loan is deemed impaired under ASC Topic
310 and is not collateral dependent, a holding company
must measure impairment using the present value of
expected future cash flows discounted at the loan’s
effective interest rate (i.e., the contractual interest rate
adjusted for any net deferred loan fees or costs, premium,
or discount existing at the origination or acquisition of
the loan), except that as a practical expedient, an institution may measure impairment based on a loan’s observable market price. As discussed in the following paragraph, the agencies require the impairment of an impaired
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Glossary
collateral dependent loan to be measured using the fair
value of collateral method. A loan is collateral dependent
if repayment of the loan is expected to be provided solely
by the underlying collateral and there are no other
available and reliable sources of repayment. A creditor
should consider estimated costs to sell, on a discounted
basis, in the measurement of impairment if those costs
are expected to reduce the cash flows available to repay
or otherwise satisfy the loan. If the measure of an
impaired loan is less than the recorded investment in the
loan, an impairment should be recognized by creating an
allowance for estimated credit losses for the impaired
loan or by adjusting an existing allowance with a corresponding charge or credit to ‘‘Provision for loan and
lease losses.’’
For purposes of FR Y-9C report, the impairment of an
impaired collateral dependent loan must be measured
using the fair value of collateral method. In general, any
portion of the recorded investment in an impaired collateral dependent loan (including recorded accrued interest,
net deferred loan fees or costs, and unamortized premium
or discount) in excess of the fair value of the collateral
(less estimated costs to sell, if applicable) that can be
identified as uncollectible should be promptly charged off
against the allowance for loan and lease losses.
An institution should not provide an additional allowance
for estimated credit losses on an individually impaired
loan over and above what is specified by ASC Topic 310.
The allowance established under ASC Topic 310 should
take into consideration all available information existing
as of the FR Y-9C report date that indicates that it is
probable that a loan has been impaired. All available
information would include existing environmental factors such as industry, geographical, economic, and political factors that affect collectibility.
ASC Topic 310 also addresses the accounting by creditors for all loans that are restructured in a troubled debt
restructuring involving a modification of terms, except
loans that are measured at fair value or the lower of cost
or fair value. According to ASC Topic 310, all loans
restructured in troubled debt restructurings are impaired
loans. For guidance on troubled debt restructurings, see
the Glossary entry for ‘‘troubled debt restructurings.’’
As with all other loans, all impaired loans should be
reported as past due or nonaccrual loans in Schedule
HC-N in accordance with the schedule’s instructions. A
loan identified as impaired is one for which it is probable
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that the institution will be unable to collect all principal
and interest amounts due according to the contractual
terms of the original loan agreement. Therefore, a loan
that is not already in nonaccrual status when it is first
identified as impaired will normally meet the criteria for
placement in nonaccrual status at that time. Exceptions
may arise when a loan not previously in nonaccrual status
is identified as impaired because its terms have been
modified in a troubled debt restructuring, but the borrower’s sustained historical repayment performance for a
reasonable time prior to the restructuring is consistent
with the modified terms of the loan and the loan is
reasonably assured of repayment (of principal and interest) and of performance in accordance with its modified
terms. This determination must be supported by a current, well documented credit evaluation of the borrower’s
financial condition and prospects for repayment under the
revised terms. Exceptions may also arise for those purchased impaired loans for which the criteria for accrual
of income under the interest method are met as specified
in ASC Subtopic 310-30, Receivables—Loans and Debt
Securities Acquired with Deteriorated Credit Quality.
Any cash payments received on impaired loans in nonaccrual status should be reported in accordance with the
criteria for the cash basis recognition of income in the
Glossary entry for “nonaccrual status.” For further guidance, see the Glossary entries for ‘‘nonaccrual status’’
and ‘‘purchased impaired loans and debt securities.’’
Loan Secured by Real Estate: For purposes of this
report, a loan secured by real estate is a loan that, at
origination, is secured wholly or substantially by a lien or
liens on real property for which the lien or liens are
central to the extension of the credit–that is, the borrower
would not have been extended credit in the same amount
or on terms as favorable without the lien or liens on real
property. To be considered wholly or substantially secured
by a lien or liens on real property, the estimated value of
the real estate collateral at origination (after deducting
any more senior liens) must be greater than 50 percent of
the principal amount of the loan at origination.25
A loan satisfying the criteria above, except a loan to a
state or political subdivision in the U.S., is to be reported
25. Bank holding companies should apply this revised definition of
“loan secured by real estate” prospectively beginning April 1, 2009. Loans
reported on or before March 31, 2009, as loans secured by real estate need
not be reevaluated and, if apporpriate, recategorized into other loan categories on Schedule HC-C, Loans and Lease Financing Receivables.
Glossary
FR Y-9C
September 2020
Glossary
as a loan secured by real estate in Schedule HC-C, item 1,
and related items in the report, (1) regardless of whether
the loan is secured by a first or a junior lien; (2) regardless of whether the loan was originated by the reporting
holding company or purchased from others and, if originated by the reporting holding company, regardless of the
department or subsidiary within the holding company or
subsidiary that made the loan; (3) regardless of how the
loan is categorized in the holding company’s records; (4)
and regardless of the purpose of the financing. Only in a
transaction where a lien or liens on real property (with an
estimated collateral value greater than 50 percent of the
loan’s principal amount at origination) have been taken
as collateral solely through an abundance of caution and
where the loan terms as a consequence have not been
made more favorable than they would have been in the
absence of the lien or liens, would the loan not be
considered a loan secured by real estate for purposes of
the FR Y-9C. In addition, when a loan is partially secured
by a lien or liens on real property, but the estimated value
of the real estate collateral at origination (after deducting
any more senior liens held by others) is 50 percent or less
of the principal amount of the loan at origination, the loan
should not be categorized as a loan secured by real estate.
Instead, the loan should be reported in one of the other
loan categories used in these reports based on the purpose
of the loan.
The following are examples of the application of the
preceding guidance:
(1) A subsidiary loans $700,000 to construct and equip a
building that will be used as a dental office. The loan
will be secured by both the real estate and the dental
equipment. At origination, the estimated values of
the building, upon completion, and the equipment are
$400,000 and $350,000, respectively. The loan should
be reported as a loan secured by real estate in
Schedule HC-C, item 1.a.(2), ‘‘Other construction
loans and all land development and other land loans.’’
In contrast, if the estimated values of the building
and equipment at origination were $340,000 and
$410,000, respectively, the loan should not be reported
as a loan secured by real estate. Instead, the loan
should be reported in Schedule HC-C, item 4, “Commercial and industrial loans.”
(2) A subsidiary grants a $25,000 line of credit and a
$125,000 term loan to a commercial borrower for
working capital purposes on the same date. The loans
FR Y-9C
Glossary June 2015
will be cross-collateralized by equipment with an
estimated value of $40,000 and a third lien on the
borrower’s residence, which has an estimated value
of $140,000 and first and second liens with unpaid
balances payable to other lenders totaling $126,000.
The two loans should be considered together to
determine whether they are secured by real estate.
Because the estimated equity in the real estate collateral available to the subsidiary is $14,000, the two
cross-collateralized loans for $150,000 should not be
reported as loans secured by real estate. Instead, the
loans should be reported in Schedule HC-C, item 4,
‘‘Commercial and industrial loans.’’
(3) A subsidiary grants a $50,000 working capital loan
and takes a first lien on a vacant commercial building
lot as collateral. The estimated value of the lot is
$30,000. The loan should be reported as a loan
secured by real estate in Schedule HC-C, item 1.a.(2),
‘‘Other construction loans and all land development
and other land loans,’’ unless the lien has been taken
as collateral solely through an abundance of caution
and where the loan terms as a consequence have not
been made more favorable than they would have
been in the absence of the lien.
(4) A subsidiary grants a $10,000 home equity line of
credit secured by a junior lien on a 1-4 family
residential property. The subsidiary also has a loan to
the same borrower that is secured by a first lien on
the same 1-4 family residential property and has an
unpaid principal balance of $71,000. There are no
intervening liens and the line of credit will be used
for household, family, and other personal expenditures. The estimated value of the residential property
at the origination of the home equity line of credit is
$75,000. Consistent with the risk-based capital treatment of these loans, the two loans should be considered together to determine whether the home equity
line of credit should be reported as a loan secured by
real estate. Because the value of the collateral is
greater than 50 percent of the first lien balance plus
the amount of the home equity line of credit, loans
extended under the line of credit should be reported
as loans secured by real estate in Schedule HC-C,
item 1.c.(1), ‘‘Revolving, open-end loans secured by
1-4 family residential properties and extended under
lines of credit.’’ In contrast, if a creditor other than
the subsidiary holds the first lien on the borrower’s
property, the estimated value of the collateral to the
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Glossary
subsidiary for the home equity line of credit would
have been $4,000 ($75,000 less the $71,000 first lien
held by the other creditor), which is 50 percent or less
of the amount of the line of credit at origination. In
this case, the subsidiary should not report loans
extended under the line of credit as loans secured by
real estate in Schedule HC-C, item 1. Rather, the
loans should be reported as “Loans to individuals for
household, family, and other personal expenditures”
in Schedule HC-C, item 6.b, “Other revolving credit
plans.
Loss Contingencies: A loss contingency is an existing
condition, situation, or set of circumstances that involves
uncertainty as to possible loss that will be resolved when
one or more future events occur or fail to occur. An
estimated loss (or expense) from a loss contingency (for
example, pending or threatened litigation) must be accrued
by a charge to income if it is probable that an asset has
been impaired or a liability incurred as of the report date
and the amount of the loss can be reasonably estimated.
A contingency that might result in a gain, for example, the
filing of an insurance claim, shall not be recognized as
income prior to realization.
For further information, see ASC Subtopic 450-20,
Contingencies—Loss Contingencies.
Mandatory Convertible Debt: See discussion of mandatory convertible securities in instructions for Schedule HC, item 19(a), ‘‘Subordinated notes and debentures.’’
Market (Fair) Value of Securities: The market value of
securities should be determined, to the extent possible, by
timely reference to the best available source of current
market quotations or other data on relative current values.
For example, securities traded on national, regional, or
foreign exchanges or in organized over-the-counter markets should be valued at the most recently available
quotation in the most active market. Rated securities for
which no organized market exists should be valued on the
basis of a yield curve estimate. Quotations from brokers or
others making markets in securities that are neither widely
nor actively traded are acceptable if prudently used.
Unrated debt securities for which no reliable market price
data are available may be valued at cost adjusted for
amortization of premium or accretion of discount unless
credit problems of the obligor or upward movements in
the level of interest rates warrant a lower estimate of
current value. Securities that are not marketable such as,
Federal Reserve stock or equity securities in closely held
GL-74
businesses, should be valued at book or par value, as
appropriate.
Mergers: See “Business combinations.”
Money Market Deposit Account (MMDA): See
“Deposits.”
Mortgages, Residential, Participations in Pools of: See
“Transfers of financial assets.”
NOW Account: See “Deposits.”
Nonaccrual Status: General rule—Holding companies
on an accrual basis of reporting shall not accrue interest
or discount on (1) any asset which is maintained on a
cash basis because of deterioration in the financial position of the borrower, (2) any asset for which payment in
full of interest or principal is not expected, or (3) any
asset upon which principal or interest has been in default
for a period of 90 days or more unless it is both well
secured and in the process of collection.
An asset is ‘‘well secured’’ if it is secured (1) by
collateral in the form of liens on or pledges of real or
personal property, including securities, that have a realizable value sufficient to discharge the debt (including
accrued interest) in full, or (2) by the guaranty of a
financially responsible party. An asset is ‘‘in the process
of collection’’ if collection of the asset is proceeding in
due course either (1) through legal action, including
judgment enforcement procedures, or, (2) in appropriate
circumstances, through collection efforts not involving
legal action which are reasonably expected to result in
repayment of the debt or in its restoration to a current
status in the near future.
For purposes of applying the third test for the nonaccrual
of interest listed above, the date on which an asset
reaches nonaccrual status is determined by its contractual
terms. If the principal or interest on an asset becomes due
and unpaid for 90 days or more on a date that falls
between report dates, the asset should be placed in
nonaccrual status as of the date it becomes 90 days past
due and it should remain in nonaccrual status until it
meets the criteria for restoration to accrual status described
below.
Exceptions to the general rule—In the following situations, an asset need not be placed in nonaccrual status:
(1) The asset upon which principal or interest is due and
unpaid for 90 days or more is a consumer loan (as
Glossary
FR Y-9C
June 2015
Glossary
defined for Schedule HC-C, item 6, “Loans to individuals for household, family, and other personal
expenditures”) or a loan secured by a 1-to-4 family
residential property (as defined for Schedule HC-C,
item 1(c), Loans “Secured by 1-4 family residential
properties”). Nevertheless, such loans should be subject to other alternative methods of evaluation to
assure that the holding company’s net income is not
materially overstated. However, to the extent that the
holding company has elected to carry such a loan in
nonaccrual status on its books, the loan must be
reported as nonaccrual in Schedule HC-N, column C.
other alternative methods of evaluation to ensure that the
institution’s net income is not materially overstated. If an
institution is required or has elected to carry a PCD asset
in nonaccrual status, the asset must be reported as a
nonaccrual asset at its amortized cost basis in Schedule HC-N, column C. (For PCD loans for which the
institution has made a policy election to maintain previously existing pools of PCI loans upon adoption of
ASU 2016-13, the determination of nonaccrual or accrual
status should be made at the pool level, not the individual
asset level.) For further information, see the Glossary
entry for “purchased credit-deteriorated assets.“
(2) For a holding company that has not adopted FASB
Accounting Standards Update No. 2016-13
(ASU 2016-13), which governs the accounting for
credit losses, the criteria for accrual of income under
the interest method specified in ASC Subtopic 31030, Receivables—Loans and Debt Securities Acquired
with Deteriorated Credit Quality, are met for a purchased credit-impaired (PCI) loan, pool of loans, or
debt security accounted for in accordance with that
Subtopic, regardless of whether the loan, the loans in
the pool, or debt security had been maintained in
nonaccrual status by its seller. (For PCI loans with
common risk characteristics that are aggregated and
accounted for as a pool, the determination of nonaccrual or accrual status should be made at the pool
level, not at the individual loan level.) For further
information, see the Glossary entry for “purchased
credit-impaired loans and debt securities.”
Treatment of previously accrued interest—The reversal
of previously accrued but uncollected interest applicable
to any asset placed in nonaccrual status and the treatment
of subsequent payments as either principal or interest
should be handled in accordance with generally accepted
accounting principles. Acceptable accounting treatment
includes a reversal of all previously accrued but uncollected interest applicable to assets placed in a nonaccrual
status against appropriate income and balance sheet
accounts.
(3) For a holding company that has adopted ASU 201613, the following criteria are met for a PCD asset,
including a PCD asset that was previously a PCI
asset or part of a pool of PCI loans, that would
otherwise be required to be placed in nonaccrual
status under the general rule:
(a) The holding company reasonably estimates the
timing and amounts of cash flows expected to be
collected, and
(b) The holding company did not acquire the asset
primarily for the rewards of ownership of the
underlying collateral, such as use of collateral in
operations of the institution or improving the
collateral for resale.
When a PCD asset that meets the criteria above is not
placed in nonaccrual status, the asset should be subject to
FR Y-9C
Glossary March 2021
For example, for holding companies that have not adopted
ASC Topic 326, one acceptable method of accounting for
such uncollected interest on a loan placed in nonaccrual
status is (1) to reverse all of the unpaid interest by
crediting the ‘‘income earned, not collected on loans’’
account on the balance sheet, (2) to reverse the uncollected
interest that has been accrued during the calendar year-todate by debiting the appropriate ‘‘interest and fee income
on loans’’ account on the income statement, and (3) to
reverse any uncollected interest that had been accrued
during previous calendar years by debiting the ‘‘allowance
for loan and lease losses’’ account on the balance sheet.
The use of this method presumes that holding company
management’s additions to the allowance through charges
to the ‘‘provision for loan and lease losses’’ on the income
statement have been based on an evaluation of the collectability of the loan and lease portfolios and the “income
earned, not collected on loans” account. Holding companies that have adopted ASC Topic 326 should refer to the
Glossary entry for “accrued interest receivable” for information on the treatment of previously accrued interest.
Treatment of cash payments and criteria for the cash basis
recognition of income—When doubt exists as to the
collectibility of the remaining recorded investment in a
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Glossary
nonaccrual asset (or the amortized cost basis of a nonaccrual asset, if the holding company has adopted ASC
Topic 326), any payments received must be applied to
reduce the recorded investment, or the amortized cost
basis of, the asset, as applicable, to the extent necessary to
eliminate such doubt. Placing an asset in nonaccrual status
does not, in and of itself, require a charge-off, in whole or
in part, of the asset’s recorded investment or the amortized
cost basis, as applicable. However, any identified losses
must be charged off.
While an asset is in nonaccrual status, some or all of the
cash interest payments received may be treated as interest
income on a cash basis as long as the remaining recorded
investment in, or the amortized cost basis of, the asset, as
applicable, (i.e., after charge-off of identified losses, if
any) is deemed to be fully collectible.26 A holding
company’s determination as to the ultimate collectibility
of the asset’s remaining recorded investment, or the
amortized cost basis, as applicable, must be supported by
a current, well documented credit evaluation of the
borrower’s financial condition and prospects for repayment, including consideration of the borrower’s historical repayment performance and other relevant factors.
When recognition of interest income on a cash basis is
appropriate, it should be handled in accordance with
generally accepted accounting principles. One acceptable
practice involves allocating contractual interest payments
among interest income, reduction of the recorded investment, or the amortized cost basis of, the asset, as
applicable, and recovery of prior charge-offs. If this
method is used, the amount of income that is recognized
would be equal to that which would have been accrued
on the asset’s remaining recorded investment at the
contractual rate. A holding company may also choose to
account for the contractual interest in its entirety either as
income, reduction of the recorded investment, or the
amortized cost basis of, the asset, as applicable, or
recovery of prior charge-offs, depending on the condition
of the loan, consistent with its accounting policies for
other financial reporting purposes.
26. An asset subject to the cost recovery method required by ASC
Subtopic 325-40, Investments—Other—Beneficial Interests in Securitized
Financial Assets, should follow that method for reporting purposes. In
addition, when a PCI, pool of loans, or debt security that is accounted for
in accordance with ASC Subtopic 310-30 (or when a PCD asset that is
accounted for in accordance with ASC Subtopic 326-20, if the holding
company has adopted ASC Topic 326) has been placed on nonaccrual
status, the cost recovery method should be used, when appropriated.
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Restoration to accrual status—As a general rule, a
nonaccrual asset may be restored to accrual status when
(1) none of its principal and interest is due and unpaid,
and the holding company expects repayment of the
remaining contractual principal and interest, or (2) when
it otherwise becomes well secured and in the process of
collection. If any interest payments received while the
asset was in nonaccrual status were applied to reduce the
recorded investment in, or the amortized cost basis of, the
asset, as applicable, as discussed in the preceding section
of this entry, the application of these payments to the
asset’s recorded investment or the amortized cost basis,
as applicable, should not be reversed (and interest income
should not be credited) when the asset is returned to
accrual status.
For purposes of meeting the first test, the holding company must have received repayment of the past due
principal and interest unless:
(1) The asset has been formally restructured and qualifies for accrual status, as discussed below;
(2) For a holding company that has adopted ASU
2016-13, the asset is a purchased impaired loan or
debt security accounted for in accordance with ASC
Subtopic 310-30 and it meets the criteria for accrual
of income under the interest method specified therein;
(3) For a holding company that has adopted ASU
2016-13, the asset is a PCD asset and it meets the two
criteria specified in the third exception to the general
rule discussed above; or
(4) The borrower has resumed paying the full amount of
the scheduled contractual interest and principal payments on a loan that is past due and in nonaccrual
status, even though the loan has not been brought
fully current, and the following two criteria are met.
These criteria are, first, that all principal and interest
amounts contractually due (including arrearages) are
reasonably assured of repayment within a reasonable
period and, second, that there is a sustained period of
repayment performance (generally a minimum of six
months) by the borrower in accordance with the
contractual terms involving payments of cash or cash
equivalents. A loan that meets these two criteria may
be restored to accrual status but must continue to be
disclosed as past due in Schedule HC-N until it has
been brought fully current or until it later must be
placed in nonaccrual status.
Glossary
FR Y-9C
March 2021
Glossary
A loan or other debt instrument that has been formally
restructured in a troubled debt restructuring, so as to be
reasonably assured of repayment (of principal and interest) and of performance according to its modified terms
need not be maintained in nonaccrual status, provided the
restructuring is supported by a current, well documented
credit evaluation of the borrower’s financial condition
and prospects for repayment under the revised terms.
Otherwise, the restructured asset must remain in nonaccrual status. The evaluation must include consideration
of the borrower’s sustained historical repayment performance for a reasonable period prior to the date on which
the loan or other debt instrument is returned to accrual
status. (In returning the asset to accrual status, sustained
historical payment performance for a reasonable time
prior to the restructuring may be taken into account.)
Such a restructuring must improve the collectibility of
the loan or other debt instrument in accordance with a
reasonable repayment schedule and does not relieve the
holding company from the responsibility to promptly
charge off all identified losses.
accrual status later meets the criteria for placement in
nonaccrual status as a result of past due status based on
its modified terms or for other reasons, the asset must be
placed in nonaccrual status. For further information on
formally restructured assets, see the Glossary entry for
‘‘Troubled Debt Restructuring.’’
A troubled debt restructuring may involve a multiple note
structure in which, for example, a troubled loan is
restructured into two notes. The first or “A” note represents the portion of the original loan principal amount
that is expected to be fully collected along with contractual interest. The second or “B” note represents the
portion of the original loan that has been charged off and,
because it is not reflected as an asset and is unlikely to be
collected, could be viewed as a contingent receivable.
For a troubled debt restructuring of a collateral-dependent
loan involving a multiple note structure, the amount of
the “A” note should be determined using the fair value of
the collateral. The “A” note may be returned to accrual
status provided the conditions in the preceding paragraph
are met and: (1) there is economic substance to the
restructuring and it qualifies as a troubled debt restructuring under generally accepted accounting principles,
(2) the portion of the original loan represented by the
‘‘B’’ note has been charged off before or at the time of the
restructuring, and (3) the ‘‘A’’ note is reasonably assured
of repayment and of performance in accordance with the
modified terms.
Noninterest-Bearing Account: See ‘‘Deposits.’’
Until the restructured asset is restored to accrual status, if
ever, cash payments received must be treated in accordance with the criteria stated above in the preceding
section of this entry. In addition, after a formal restructuring, if a restructured asset that has been returned to
FR Y-9C
Glossary March 2020
Treatment of multiple extensions of credit to one
borrower—As a general principle, nonaccrual status for
an asset should be determined based on an assessment of
the individual asset’s collectibility and payment ability
and performance. Thus, when one loan to a borrower is
placed in nonaccrual status, a holding company or its
subsidiaries do not automatically have to place all other
extensions of credit to that borrower in nonaccrual status.
When a depository institution has multiple loans or other
extensions of credit outstanding to a single borrower, and
one loan meets criteria for nonaccrual status, the depository institution should evaluate its other extensions of
credit to that borrower to determine whether one or more
of these other assets should also be placed in nonaccrual
status.
Nontransaction Account: See ‘‘Deposits.’’
Notes and Debentures Subordinated to Deposits: See
‘‘Subordinated notes and debentures.’’
Offsetting: Offsetting is the reporting of assets and
liabilities on a net basis in the balance sheet. Holding
companies are permitted to offset assets and liabilities
recognized in the balance sheet when a “right of setoff”
exists. Under ASC Subtopic 210-20, Balance Sheet –
Offsetting, a right of setoff exists when all of the following conditions are met:
(1) Each party owes the other determinable amounts.
Thus, only bilateral netting is permitted.
(2) The reporting party has the right to set off the amount
owed with the amount owed by the other party.
(3) The reporting party intends to set off. This condition
does not have to be met for fair value amounts
recognized for conditional or exchange contracts that
have been executed with the same counterparty under
a master netting arrangement.
(4) The right of setoff is enforceable at law. Legal
constraints should be considered to determine whether
the right of setoff is enforceable. Accordingly, the
right of setoff should be upheld in bankruptcy (or
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Glossary
receivership). Offsetting is appropriate only if the
available evidence, both positive and negative,
indicates that there is reasonable assurance that the
right of setoff would be upheld in bankruptcy (or
receivership).
Option: See ‘‘Futures, forward, and standby contracts.’’
According to ASC Subtopic 210-20, for forward, interest
rate swap, currency swap, option, and other conditional
and exchange contracts, a master netting arrangement
exists if the reporting holding company has multiple
contracts, whether for the same type of conditional or
exchange contract or for different types of contracts, with
a single counterparty that are subject to a contractual
agreement that provides for the net settlement of all
contracts through a single payment in a single currency in
the event of default or termination of any one contract.
Other-Than-Temporary Impairment: See ‘‘securities
activities.’’ Holding companies that have adopted ASC
Topic 326, Financial Instruments—Credit Losses, and
have identified impairment in the investment portfolio
should no longer record any other-than-temporary impairment, as discussed in the Glossary entry for “securities
activities.”
Offsetting the assets and liabilities recognized for conditional or exchange contracts outstanding with a single
counterparty results in the net position between the two
counterparties being reported as an asset or a liability on
the balance sheet. The reporting entity’s choice to offset
or not to offset assets and liabilities recognized for conditional or exchange contracts must be applied
consistently.
Organization Costs: See ‘‘Start-up Activites.’’
Other Real Estate Owned: See “Foreclosed Assets” and
the instructions to Schedule HC-M, item 13.
Overdraft: An overdraft can be either planned or
unplanned. An unplanned overdraft occurs when a
depository institution honors a check or draft drawn
against a deposit account when insufficient funds are on
deposit and there is no advance contractual agreement to
honor the check or draft. When a contractual agreement
has been made in advance to allow such credit extensions, overdrafts are referred to as planned or prearranged. Any overdraft, whether planned or unplanned,
is an extension of credit and is to be treated and reported
as a ‘‘loan’’ rather than being treated as a negative
deposit balance.
Offsetting of assets and liabilities is also permitted by
other pronouncements identified in ASC Subtopic 210-20.
These pronouncements apply to such items as leverage
leases, pension plan and other postretirement benefit plan
assets and liabilities, and deferred tax assets and liabilities. In addition, ASC Subtopic 210-20, Balance Sheet –
Offsetting, describes the circumstances in which amounts
recognized as payables under repurchase agreements
may be offset against amounts recognized as receivables
under reverse repurchase agreements and reported as a
net amount in the balance sheet. The reporting entity’s
choice to offset or not to offset payables and receivables
under ASC Subtopic 210-20 must be applied consistently.
Planned overdrafts are to be classified in Schedule HC-C
by type of loan according to the nature of the overdrawn
depositor. For example, a planned overdraft by a commercial customer is to be classified as a ‘‘commercial and
industrial loan.’’
According to the AICPA Audit and Accounting Guide for
Depository and Lending Institutions, ASC Subtopic
210-20 does not apply to securities borrowing or lending
transactions. Therefore, for purposes of filing holding
company reports, holding companies should not offset
securities borrowing and lending transactions in the
balance sheet unless all the conditions set forth in ASC
Subtopic 210-20 are met.
For purposes of treatment of overdrafts, separate transaction accounts of a single depositor that are established
under a bona fide cash management arrangement are
regarded as a single account rather than multiple or
separate accounts. In such a situation, an overdraft in one
of the accounts of a single customer is netted against the
related transaction accounts of the customer and an
extension of credit is regarded as arising only if, and to
the extent, the combined accounts of the customer are
overdrawn.
One-Day Transaction: See ‘‘Federal funds transactions.’’
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Unplanned overdrafts in depositors’ accounts are to be
classified in Schedule HC-C, item 9, ‘‘All other loans,’’
unless the depositor is a depository institution or a
foreign government or official institution. Such unplanned
overdrafts would be reported in Schedule HC-C, item 2,
‘‘Loans to depository institutions and acceptances of
other banks’’ and item 7, ‘‘Loans to foreign governments
and official institutions.’’
Glossary
FR Y-9C
September 2020
Glossary
An overdraft also occurs when a borrower’s loan secured
by real estate has an escrow account for the payment of
taxes and/or insurance and the institution pays taxes or
insurance on behalf of the borrower when the escrow
account does not have sufficient funds to cover the full
amount of the payment. Because escrow funds are deposits for purposes of these reports, an overdrawn escrow
account should be reported as a “loan” in Schedule
HC-C.
The consolidated holding company’s overdrafts on deposit
accounts it holds with other depository institutions that
are not consolidated on the reporting holding company’s
FR Y-9C (i.e., its ‘‘due from’’ accounts) are to be
reported as borrowings in Schedule HC, item 16, except
overdrafts arising in connection with checks or drafts
drawn by subsidiary depository institutions of the reporting holding company and drawn on, or payable at or
through, another depository institution either on a zerobalance account or on an account that is not routinely
maintained with sufficient balances to cover checks or
drafts drawn in the normal course of business during the
period until the amount of the checks or drafts is remitted
to the other depository institution (in which case, report
the funds received or held in connection with such checks
or drafts as deposits in Schedule HC-E until the funds are
remitted).
Participations: See “Transfers of financial assets.”
Participations
acceptances.”
in
Acceptances:
See
“Bankers’
Participations in Pools of Securities: See “Repurchase/
resale agreements.”
Pass-through Reserve Balances: Under the Monetary
Control Act of 1980, and as reflected in Federal Reserve
Regulation D, both member and nonmember depository
institutions may hold the balances they maintain to
satisfy reserve balance requirements (in excess of vault
cash) directly with a Federal Reserve Bank. However,
nonmember depository institutions may hold their balances maintained to satisfy reserve balance requirements
(in excess of vault cash) in one of two ways: either
(1) directly with a Federal Reserve Bank or (2) indirectly
in an account with another institution (referred to here as
a ‘‘correspondent’’), which, in turn, is required to pass
the reserves through to a Federal Reserve Bank. This
second type of account is called a ‘‘pass-through account,’’
and a depository institution passing its reserves to the
Federal Reserve through a correspondent is referred to as
FR Y-9C
Glossary June 2015
a “respondent.” This pass-through reserve relationship is
legally and for supervisory purposes considered to constitute an asset/debt relationship between the respondent
and the correspondent, and an asset/debt relationship
between the correspondent and the Federal Reserve. The
required reporting of the ‘‘pass-through reserve balances’’ reflects this structure of asset/debt relationships.
The reporting of pass-through reserve balances by correspondent and respondent banks differs from the required
reporting of excess balance accounts by participants and
agents, which is described in the Glossary entry for
“excess balance accounts.”
Perpetual Debt: Perpetual debt is an unsecured debt
instrument of the holding company or its subsidiaries
that, if issued by a bank, must also be subordinated to the
claims of the depositors. The major characteristics are
described below:
(1) The debt instrument cannot provide the note-holder
the right to demand repayment of principal except in
the event of bankruptcy, insolvency, or reorganization.
(2) The issuer can not voluntarily redeem the debt issue
without prior approval of the Federal Reserve, unless
the debt is converted to, exchanged for, or simultaneously replaced in like amount by an issue of
common or perpetual preferred stock of the issuer or
the issuer’s parent company.
(3) When issued by the holding company, a bank subsidiary, or a subsidiary with substantial operations, the
debt instrument must contain a provision permitting
interest payments to be deferred when dividends on
all outstanding common or preferred stock of the
issuer have been eliminated.
(4) When issued by a holding company or a subsidiary
with substantial operations, the instrument must convert automatically to common or perpetual preferred
stock of the issuer when the issuer’s retained earnings and surplus accounts become negative.
For a complete discussion of the criteria for determining
the capital status of perpetual debt, see 12 CFR, Part 225,
Appendix B.
Perpetual Preferred Stock: See ‘‘Preferred stock.’’
Policyholder: A policyholder is the party that owns an
insurance policy.
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Glossary
Pooling of Interests: See ‘‘Business combinations.’’
Pools of Residential Mortgages, Participations in: See
‘‘Transfers of financial assets.’’
Pools of Securities, Participations in: See ‘‘Repurchase/
resale agreements.’’
Preauthorized Transfer Account: See ‘‘Deposits.’’
Preferred Stock: Preferred stock is a form of ownership
interest in a holding company or other company which
entitles its holders to some preference or priority over the
owners of common stock, usually with respect to dividends or asset distributions in a liquidation.
Limited-life preferred stock is preferred stock that has a
stated maturity date or that can be redeemed at the option
of the holder. It excludes those issues of preferred stock
that automatically convert into perpetual preferred stock
or common stock at a stated date.
Perpetual preferred stock is preferred stock that does not
have a stated maturity date or that cannot be redeemed
at the option of the holder. It includes those issues of
preferred stock that automatically convert into common
stock at a stated date.
Premiums and Discounts: A premium arises when a
holding company or its consolidated subsidiaries purchase a security, loan, or other asset at a price in excess of
its par or face value, typically because the current level of
interest rates for such assets is less than its contract or
stated rate of interest. The difference between the purchase price and par or face value represents the premium
which all consolidated holding companies are required to
amortize.
A discount arises when a consolidated holding company
purchases a security, loan, or other asset at a price below
its par or face value, typically because the current level of
interest rates for such assets is greater than its contract or
stated rate of interest. A discount is also present on
instruments that do not have a stated rate of interest such
as U.S. Treasury bills and commercial paper. The difference between par or face value and the purchase price
represents the discount which all holding companies on
the accrual basis of accounting are required to accrete.
Except as discussed in the next two paragraphs, premiums and discounts are accounted for as adjustments to
the yield on an asset over its remaining life. A premium
must be amortized and a discount must be accreted from
the date of purchase to maturity, and not to the call or put
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date. The preferable method for amortizing premiums
and accreting discounts involves the use of the interest
method for accruing income on the asset. The objective
of the interest method is to produce a constant yield or
rate of return on the carrying value of the asset (par or
face value plus unamortized premium or less unaccreted
discount) at the beginning of each amortization period
over the asset’s remaining life. The difference between
the periodic interest income that is accrued on the asset
and interest at the stated rate is the periodic amortization
or accretion. However, a straight-line method of amortization or accretion is acceptable if the results are not
materially different from the interest method.
If an institution holds a large number of similar debt
securities, loans, or other assets for which prepayments
are probable and the timing and amount of prepayments
can be reasonably estimated, the institution may consider
estimates of future principal prepayments in the calculation of the constant effective yield necessary to apply the
interest method.
For callable debt securities that have explicit, noncontingent call features and are callable at fixed prices
and on preset dates, (ASU 2017-08) amends ASC Subtopic 310-20, Receivables - Nonrefundable Fees and
Other Costs, requires the amortization period to be
limited to its earliest call date for any premiums on such
debt securities. Under ASC Subtopic 310-20, the excess
of the amortized cost basis of such a callable debt
security over the amount repayable by the issuer at the
earliest call date (i.e., the premium) must be amortized to
the earliest call date (unless the institution applies the
guidance that allows estimates of future principal prepayments to be considered in the effective yield calculation).
If the call option is not exercised at its earliest call date,
the institution must reset the effective yield using the
payment terms of the debt security.
A premium or discount may also arise when the reporting
holding company or its consolidated subsidiaries, acting
either as a lender or a borrower, are involved in an
exchange of a note for assets other than cash and the
interest rate is either below the market rate or not stated,
or the face amount of the note is materially different from
the fair value of the noncash assets exchanged. The
noncash assets and the related note shall be recorded at
either the fair value of the noncash assets or the market
value of the note, whichever is more clearly determinable. The market value of the note would be its present
Glossary
FR Y-9C
September 2021
Glossary
value as determined by discounting all future payments
on the note using an appropriate interest rate, i.e., a rate
comparable to that on new loans of similar risk. The
difference between the face amount and the recorded
value of the note is a premium or discount. This discount
or premium shall be accounted for as an adjustment of
the interest income or expense over the life of the note
using the interest method described above.
For further information, see ASC Subtopic 835-30, Interest – Imputation of Interest.
Private Company: A private company is a business
entity that is not a public business entity. For further
information, see the Glossary entry for “public business
entity.”
Public Business Entity:
The term “public business entity” is defined in the Master
Glossary in the Accounting Standards Codification (ASC).
The definition states that a business entity, such as a
holding company, that meets any one of five specified
criteria is a public business entity for reporting purposes
under U.S. GAAP. This also applies for FR Y-9C purposes. In contrast, a private company is a business entity
that is not a public business entity. A holding company
that is a public business entity is not permitted to apply
private company accounting alternatives when preparing
its FR Y-9C report.
As defined in the ASC Master Glossary, a business entity
is a public business entity if it meets any one of the
following criteria:
• It is required by the U.S. Securities and Exchange
Commission (SEC) to file or furnish financial statements, or does file or furnish financial statements
(including voluntary filers), with the SEC (including
other entities whose financial statements or financial
information are required to be or are included in a
filing).
• It is required by the Securities Exchange Act of 1934
(the Act), as amended, or rules or regulations promulgated under the Act, to file or furnish financial statements with a regulatory agency other than the SEC
(such as one of the federal banking agencies).
• It is required to file or furnish financial statements with
a foreign or domestic regulatory agency in preparation
for the sale of or for purposes of issuing securities that
are not subject to contractual restrictions on transfer.
FR Y-9C
Glossary September 2020
• It has issued debt or equity securities that are traded,
listed, or quoted on an exchange or an over-the-counter
market, which includes an interdealer quotation or
trading system for securities not listed on an exchange
(for example, OTC Markets Group, Inc., including the
OTC Pink Markets, or the OTC Bulletin Board).
• It has one or more securities that are not subject to
contractual restrictions on transfer, and it is required by
law, contract, or regulation to prepare U.S. GAAP
financial statements (including footnotes) and make
them publicly available on a periodic basis (for example, interim or annual periods). An entity must meet
both of these conditions to meet this criterion.
The Master Glossary also explains that if an entity meets
the definition of a public business entity solely because
its financial statements or financial information is included
in another entity’s filing with the SEC, the holding
company is only a public business entity for purposes of
financial statements that are filed or furnished with the
SEC, but not for other reporting purposes or for FR Y-9C
purposes.
If a holding company does not meet any one of the first
four criteria, it would need to consider whether it meets
both of the conditions included in the fifth criterion to
determine whether it would be a public business entity.
With respect to the first condition under the fifth criterion, a stock institution must determine whether it has a
class of securities not subject to contractual restrictions
on transfer, which the FASB has stated means that the
securities are not subject to management preapproval on
resale. A contractual management preapproval requirement that lacks substance would raise questions about
whether the stock institution meets this first condition.
Purchase Acquisition: See “Business combinations.”
Purchased Credit-Deteriorated Assets: This Glossary
entry applies to holding companies that have adopted
ASC Topic 326, Financial Instruments–Credit Losses.
Holding companies that have not adopted ASC Topic 326
should continue to refer to the Glossary entry for “purchased credit-impaired loans and debt securities.”
Purchased credit-deteriorated (PCD) assets are acquired
financial assets that, at acquisition, have experienced a
more-than-insignificant deterioration in credit quality
since origination, as determined by an acquirer’s assessment.
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Glossary
In accordance with ASC Topic 326, holding companies
are required to estimate and record an allowance for
credit losses (ACL) for PCD assets at the time of
purchase. This acquisition date ACL is added to the
purchase price of the financial assets rather than recording these losses through provisions for credit losses. This
establishes the initial amortized cost basis of the PCD
assets. A holding company may use either a discounted
or an undiscounted cash flow method at acquisition to
determine this ACL. Subsequent ACL measurements for
acquired financial assets with more-than-insignificant
credit deterioration since origination are to be measured
under ASC Topic 326 as with (1) originated financial
assets and (2) purchased financial assets that do not have
a more-than-insignificant deterioration in credit quality at
acquisition.
date of acquisition (i.e., the contractual cash flows the
acquirer did not expect to collect at acquisition). In
addition, interest income should no longer be recognized
on a PCD asset to the extent that the net investment in the
asset would increase to an amount greater than the payoff
amount.
Holding companies that measure expected credit losses
for PCD assets on a pool basis shall continue to evaluate
whether financial assets in the pool continue to share
similar risk characteristics with the other financial assets
in the pool. If there have been changes in credit risk,
borrower circumstances, recognition of a charge-off, or
cash collections of interest applied to principal while the
asset is in nonaccrual status, a holding company may
determine that either the financial asset has similar risk
characteristics with another pool or the credit loss measurement should be performed on an individual financial
asset basis because the financial asset does not share risk
characteristics with other financial assets. Holding companies that measure the ACL on a collective basis shall
allocate the ACL and any noncredit discount or premium
to the individual PCD assets unless the holding company
elected the transition option to account for existing
purchased credit-impaired (PCI) loan pools as PCD pools
upon adoption of ASC Topic 326.
For purposes of these reports, if a holding company has a
PCD asset, including a PCD asset that was previously a
PCI asset or part of a pool of PCI loans, that would
otherwise be required to be placed in nonaccrual status
(see the Glossary entry for “nonaccrual status”), the
holding company may elect to accrue interest income on
the PCD asset and not report the PCD asset as being in
nonaccrual status if the following criteria are met:
ASC Subtopic 310-10, Receivables—Overall, does not
prohibit a holding company from placing a PCD asset in
nonaccrual status. Because a PCD asset is an acquired
financial asset that, at acquisition, has experienced a
more-than-insignificant deterioration in credit quality
since origination, as determined by an acquiring holding
company’s assessment, the acquiring holding company
must determine upon acquisition whether it is appropriate
to place the PCD asset in accrual status, including
accreting the noncredit discount or premium.
(a) The holding company reasonably estimates the
timing and amounts of cash flows expected to be
collected, and
(b) The holding company did not acquire the asset
primarily for the rewards of ownership of the
underlying collateral, such as use of collateral in
operations of the holding company or improving
the collateral for resale.
Any difference between the unpaid principal balance of
the PCD asset and the amortized cost basis of the asset as
of the acquisition date is the noncredit discount or
premium. Provided the asset remains in accrual status,
the noncredit discount or premium recorded at acquisition is accreted into interest income over the remaining
life of the PCD asset on a level-yield basis.
When a PCD asset that meets the criteria above is not
placed in nonaccrual status, the asset should be subject to
other alternative methods of evaluation to ensure that the
holding company’s net income is not materially overstated. If a holding company is required or has elected to
carry a PCD asset in nonaccrual status, the asset must be
reported as a nonaccrual asset at its amortized cost basis
(fair value for a PCD available-for-sale debt security) in
Schedule HC-N, column C.
In contrast, regardless of whether a PCD asset is in
nonaccrual or accrual status, a holding company is not
permitted to accrete the credit-related discount embedded
in the purchase price of the asset that is attributable to the
acquirer’s assessment of expected credit losses as of the
For PCD assets for which the holding company has made
a policy election to maintain previously existing pools of
PCI loans upon adoption of ASU 2016-13, the determination of nonaccrual or accrual status should be made at
the pool level, not the individual asset level.
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For a PCD asset that is not reported in nonaccrual status,
the delinquency status of the PCD asset should be
determined in accordance with its contractual repayment
terms for purposes of reporting the amortized cost basis
of the asset (fair value for a PCD available-for-sale debt
security) as past due in Schedule HC-N, column A or B,
as appropriate. If the PCD asset that is not reported in
nonaccrual status consists of a pool of loans that was
previously PCI, but is being maintained as a unit of
account after the adoption of ASU 2016-13, delinquency
status should be determined individually for each loan in
the pool in accordance with the individual loan’s contractual repayment terms.
For further information on the reporting of interest
income on PCD assets, holding companies should refer
to the Glossary entry for “nonaccrual status” and ASC
Subtopic 310-10.
Deferred Tax Asset Considerations—A holding company’s provisions for credit losses that increase the
amount of the ACL also increase the amount of the
deductible temporary difference associated with the ACL
and the related deferred tax asset because the provisions
are expensed for financial reporting purposes. These
increases in the ACL typically are not deducted in the
same period for income tax purposes. Tax deductions for
credit losses typically occur in the period when financial
assets are actually charged off. However, an addition to
the ACL as of the acquisition date of a PCD asset (i.e.,
the “gross–up”) does not create such a deductible temporary difference or a deferred tax asset. A holding company’s deferred tax assets should be calculated at the
report date by applying the ″applicable tax rate″ based on
the holding company’s total deductible temporary differences. See the Glossary entry for “income taxes” for
information on how to determine the tax effect of such a
temporary difference and the need for any deferred tax
asset valuation allowance.
See also the Glossary entries for “allowance for credit
losses” and “nonaccrual status.”
Purchased Credit-Impaired Loans and Debt Securities: This Glossary entry applies to holding companies
that have not adopted ASC Topic 326, Financial
Instruments—Credit Losses. Holding companies that
have adopted ASC Topic 326 should refer to the Glossary
entry for “purchased credit-deteriorated assets.”
Purchased credit-impaired loans and debt securities are
loans and debt securities that a holding company has
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Glossary March 2021
purchased, including those acquired in a purchase business combination, where there is evidence of deterioration of credit quality since the origination of the loan or
debt security and it is probable, at the purchase date, that
the holding company will be unable to collect all contractually required payments receivable. Such loans and debt
securities acquired in fiscal years beginning after December 15, 2004, must be accounted for in accordance with
ASC Subtopic 310-30, Receivables – Loans and Debt
Securities Acquired with Deteriorated Credit Quality.
ASC Subtopic 310-30 does not apply to loans that a bank
has originated.
Under ASC Subtopic 310-30, a purchased creditimpaired loan or debt security is initially recorded at its
purchase price (in a purchase business combination, the
present value of amounts to be received). ASC Subtopic
310-30 limits the yield that may be accreted on the loan
or debt security (the accretable yield) to the excess of the
holding company’s estimate of the undiscounted principal, interest, and other cash flows expected at acquisition
to be collected on the asset over the holding company’s
initial investment in the asset. The excess of contractually required cash flows over the cash flows expected to
be collected on the loan or debt security, which is referred
to as the nonaccretable difference, must not be recognized as an adjustment of yield, loss accrual, or valuation
allowance. Neither the accretable yield nor the nonaccretable difference may be shown on the balance sheet
(Schedule HC). After acquisition, increases in the cash
flows expected to be collected generally should be recognized prospectively as an adjustment of the asset’s yield
over its remaining life. Decreases in cash flows expected
to be collected should be recognized as an impairment.
For purposes of applying the guidance in ASC Subtopic
310-30 to loans not accounted for as debt securities, an
institution may aggregate loans acquired in the same
fiscal quarter that have common risk characteristics and
thereby use a composite interest rate and expectation of
cash flows expected to be collected for the pool. To be
eligible for aggregation, each loan first should be determined individually to meet the scope criteria in the first
sentence of this Glossary entry. After determining that
certain acquired loans individually meet these scope
criteria, the institution may evaluate whether such loans
have common risk characteristics, thus permitting the
aggregation of such loans into one or more pools. The
aggregation must be based on common risk characteristics that include similar credit risk or risk ratings, and one
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or more predominant risk characteristics, such as financial asset type, collateral type, size, interest rate, date of
origination, term, and geographic location. Upon establishment of a pool of purchased credit-impaired loans,
the pool becomes the unit of account.
Once a pool of purchased credit-impaired loans is
assembled, the integrity of the pool must be maintained.
An institution should remove an individual loan from a
pool of purchased credit-impaired loans only if the
institution sells, forecloses, or otherwise receives assets
in satisfaction of the loan or if the loan is written off.
When an individual loan is removed from a pool of
purchased credit-impaired loans under these circumstances, the loan shall be removed at its carrying amount.
Carrying amount is defined as the loan’s current contractually required payments receivable less its remaining
nonaccretable difference, accretable yield, and any postacquisition loan loss allowance. An institution that
accounts for a pool of purchased credit-impaired loans
with common risk characteristics as one unit of account
may or may not document and maintain data on the
nonaccretable difference and accretable yield on a loanby-loan basis. Accordingly, for purposes of determining
the carrying amount of an individual loan in the pool, an
institution may apply a systematic and rational approach
to allocating the nonaccretable difference and accretable
yield for the pool to an individual loan in the pool. One
acceptable approach is a pro rata allocation of the pool’s
total remaining nonaccretable difference and accretable
yield to an individual loan in proportion to the loan’s
current contractually required payments receivable compared to the pool’s total contractually required payments
receivable.
A refinancing or restructuring of a loan within a pool of
purchased credit-impaired loans should not result in the
removal of the loan from the pool. In addition, a modification of the terms of a loan within a pool of purchased
credit-impaired loans is not considered a troubled debt
restructuring under the scope exceptions in ASC Subtopic 310-40, Receivables - Troubled Debt Restructurings by Creditors. However, a modification of the terms
of a purchased credit-impaired loan accounted for individually must be evaluated to determine whether the
modification represents a troubled debt restructuring that
should be accounted for in accordance with ASC 310-40.
For further information, see the Glossary entry for
“troubled debt restructurings.”
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ASC Subtopic 310-30 does not prohibit a holding company from placing a purchased credit-impaired loan
accounted for individually, a pool of purchased creditimpaired loans with common risk characteristics, or a
purchased credit-impaired debt security in nonaccrual
status. Because a loan (including a loan aggregated with
other loans with common risk characteristics) or debt
security accounted for in accordance with ASC Subtopic
310-30 has evidence of deterioration of credit quality
since origination, a purchasing holding company must
determine upon acquisition whether it is appropriate to
recognize the accretable yield as income over the life of
the loan, pool of loans or debt security using the interest
method. In order to apply the interest method, the holding
company must have sufficient information to reasonably
estimate the amount and timing of the cash flows
expected to be collected on a purchased credit-impaired
loan, pool of loans or debt security. When the amount and
timing of the cash flows cannot be reasonably estimated
at acquisition, the holding company should place the
purchased credit-impaired loan, pool of loans or debt
security in a nonaccrual status and then apply the cost
recovery method or cash basis income recognition to the
asset. (For purchased credit-impaired loans with common
risk characteristics that are aggregated and accounted for
as a pool, the determination of nonaccrual or accrual
status should be made at the pool level, not at the
individual loan level.) In addition, if a purchased creditimpaired loan or debt security is acquired primarily for
the rewards of ownership of the underlying collateral,
accrual of income is inappropriate and the loan or debt
security should be placed in nonaccrual status. The
amount of a purchased credit-impaired loan, pool of
loans, or debt security in nonaccrual status should be
reported in the appropriate items of Schedule HC-N, Past
Due and Nonaccrual Loans, Leases, and Other Assets,
column C.
When accrual of income on a purchased credit-impaired
loan or purchased credit-impaired debt security is appropriate (either at acquisition or at a later date when the
amount and timing of the cash flows can be reasonably
estimated), the delinquency status of the asset should be
determined in accordance with its contractual repayment
terms for purposes of reporting the amount of the loan or
debt security as past due in the appropriate items of
Schedule HC-N, column A or B. When accrual of income
on a pool of purchased credit-impaired loans with common risk characteristics is appropriate, delinquency status should be determined individually for each loan in the
Glossary
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pool in accordance with the individual loan’s contractual
repayment terms for purposes of reporting the amount of
individual loans within the pool as past due in the
appropriate items of Schedule HC-N, column A or B.
ASC Subtopic 310-30 prohibits a holding company from
“carrying over” or creating loan loss allowances in the
initial accounting for purchased credit-impaired loans.
This prohibition applies to the purchase of an individual
impaired loan, a pool or group of impaired loans, and
impaired loans acquired in a business combination. However, if, upon evaluation of a purchased credit-impaired
loan held for investment (and not accounted for as a debt
security) subsequent to acquisition, based on current
information and events, it is probable that a holding
company is unable to collect all cash flows expected at
acquisition (plus additional cash flows expected to be
collected arising from changes in estimate after acquisition) on the loan, the purchased credit-impaired loan
should be considered impaired for purposes of establishing an allowance pursuant to ASC Subtopic 450-20,
Contingencies – Loss Contingencies, or ASC Topic 310,
Receivables (formerly FASB Statement No. 114, Accounting by Creditors for Impairment of a Loan), as appropriate. For purchased credit-impaired loans with common
risk characteristics that are aggregated and accounted for
as a pool, this impairment analysis should be performed
subsequent to acquisition at the pool level as a whole and
not at the individual loan level. Holding companies
should include such postacquisition allowances in the
holding company’s allowance for loan and lease losses as
reported in Schedule HC, item 4(c), and Schedule HI-B,
part II, item 7, and disclose the amount of these allowances in Schedule HI-B, part II, Memorandum item 4.
In Schedule HC-C, Loans and Leases, holding companies
should report the amount of a purchased credit-impaired
loan in the appropriate loan category (items 1 through 9).
Neither the accretable yield nor the nonaccretable difference associated with a purchased impaired loan should be
reported as unearned income in Schedule HC-C, item 11.
In addition, holding companies should report in Schedule
HC-C, Memorandum items 5(a) and 5(b), the outstanding
balance and amount, respectively, of all purchased
impaired credit-loans reported as held for investment in
Schedule HC-C. An institution also should report the
outstanding balance and amount of those held-forinvestment purchased credit-impaired loans reported in
Schedule HC-C, part I, Memorandum items 5.a and 5.b,
that are past due 30 through 89 days and still accruing,
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Glossary September 2020
past due 90 days or more and still accruing, or in
nonaccrual status as of the report date in Schedule HC-N,
Memorandum items 9.a and 9.b, column A, B, or C,
respectively, in accordance with the past due and nonaccrual guidance provided above in this Glossary entry.
For further information, refer to ASC Subtopic 310-30.
Put Option: See ‘‘Futures, forward, and standby
contracts.’’
Real Estate, Loan Secured By: See ‘‘Loans secured by
real estate.’’
Reciprocal Balances: Reciprocal balances arise when
two depository institutions maintain deposit accounts
with each other, that is, when a subsidiary bank of the
consolidated holding company has both a due to and a
due from balance with another depository institution. For
purposes of the FR Y-9C, reciprocal balances between
subsidiaries of the reporting holding company and other
depository institutions may be reported on a net basis in
accordance with generally accepted accounting principles.
GAAP permits financial institutions to net reciprocal
balances where right of offset exists.
For a definition of “Commercial banks in the U.S.,” see
the Glossary entry for “Banks, U.S. and foreign.”
Reinsurance: Reinsurance is the transfer, with indemnification, of all or part of the underwriting risk from one
insurer to another for a portion of the premium or other
consideration. Reinsurance contacts may be on an excessof-loss or quota-share basis, the latter being when the
primary underwriter and the reinsurer proportionately
share all insured losses from the first dollar. Reinsurance
includes insurance coverage arranged by a holding company affiliate such as a mortgage reinsurance company,
underwritten by another underwriter and then returned or
ceded in part or whole back to the mortgage reinsurance
affiliate.
Reinsurance Recoverables: Reinsurance recoverables
represent reimbursements expected by insurance underwriters, under reinsurance contracts governing underwriting coverage ceded to another insurer, for paid and
unpaid claims, claim settlement expenses and other policy benefits. Reinsurance recoverables do not include
insurance payments expected by the holding company as
a result of policy claims filed by the company with
insurance underwriters.
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Glossary
Renegotiated “Troubled” Debt: See “Troubled debt
restructuring.”
Repurchase Agreements to Maturity and Long-Term
Repurchase Agreements: See “Repurchase/resale
agreements.”
Repurchase/Resale Agreements: A repurchase agreement is a transaction involving the ‘‘sale’’ of financial
assets by one party to another, subject to an agreement by
the ‘‘seller’’ to repurchase the assets at a specified date
or in specified circumstances. A resale agreement (also
known as a reverse repurchase agreement) is a transaction involving the ‘‘purchase’’ of financial assets by
one party from another, subject to an agreement by the
‘‘purchaser’’ to resell the assets at a specified date or in
specified circumstances.
As stated in the AICPA’s Audit and Accounting Guide for
Banks and Savings Institutions, dollar repurchase agreements (also called dollar rolls) are agreements to sell and
repurchase similar but not identical securities. The dollar
roll market consists primarily of agreements that involve
mortgage-backed securities (MBS). Dollar rolls differ
from regular repurchase agreements in that the securities
sold and repurchased, which are usually of the same
issuer, are represented by different certificates, are collateralized by different but similar mortgage pools (for
example, single-family residential mortgages) and generally have different principal amounts.
General rule—Consistent with ASC Topic 860, Transfers and Servicing, repurchase and resale agreements
involving financial assets (e.g., securities and loans),
including dollar repurchase agreements, are either reported
as (a) secured borrowings and loans or (b) sales and
forward repurchase commitments based on whether the
transferring (‘‘selling’’) institution maintains control over
the transferred assets. (See Glossary entry for ‘‘transfers
of financial assets’’ for further discussion of control
criteria).
(2) The ‘‘selling’’ institution has the ability to repurchase
or redeem the transferred assets on substantially the
agreed terms, even in the event of default by the
transferee (‘‘purchaser’’). This ability is presumed to
exist if the ‘‘selling’’ institution has obtained cash or
other collateral sufficient to fund substantially all of
the cost of purchasing replacement assets from others.
(3) The agreement is to repurchase or redeem the transferred assets before maturity, at a fixed or determinable price.
(4) The agreement is entered into concurrently with the
transfer.
Participations in pools of securities are to be reported
in the same manner as security repurchase/resale
transactions.
Repurchase agreements reported as secured
borrowings.—If a repurchase agreement qualifies as a
secured borrowing, the ‘‘selling’’ institution should report
the transaction as indicated below based on whether the
agreement involves a security or some other financial
asset.
(1) Securities ‘‘sold’’ under agreements to repurchase are
reported in Schedule HC, item 14(b), ‘‘Securities
sold under agreements to repurchase.’’
(2) Financial assets (other than securities) ‘‘sold’’ under
agreements to repurchase are reported as follows:
(a) If the repurchase agreement has an original
maturity of one business day (or is under a
continuing contract) and is in immediately available funds, it should be reported in Schedule HC,
item 14(a), ‘‘Federal funds purchased (in domestic offices),’’ if it is a domestic office, and in
Schedule HC, item 16, ‘‘Other borrowed money,’’
if it is a foreign office.
If a repurchase agreement both entitles and obligates the
‘‘selling’’ institution to repurchase or redeem the transferred assets from the transferee (‘‘purchaser’’) the ‘‘selling’’ institution should report the transaction as a secured
borrowing if and only if the following conditions have
been met:
(b) If the repurchase agreement has an original
maturity of more than one business day or is not
in immediately available funds, it should be
reported in Schedule HC, item 16, ‘‘Other borrowed money.’’
(1) The assets to be repurchased or redeemed are the
same or ‘‘substantially the same’’ as those transferred, as defined by ASC Topic 860.
In addition, the ‘‘selling’’ institution may need to record
further entries depending on the terms of the agreement.
If the ‘‘purchaser’’ has the right to sell or repledge
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noncash assets, the ‘‘selling’’ institution should recategorize the transferred financial assets as ‘‘assets receivable’’
and report them in Schedule HC, item 11, ‘‘Other assets.’’
Otherwise, the financial assets should continue to be
reported in the same asset category as before the transfer
(e.g., securities should continue to be reported in Schedule HC, item 2, ‘‘Securities,’’ or item 5, ‘‘Trading
Assets,’’ as appropriate).
Resale agreements reported as secured borrowings.—
Similarly, if a resale agreement qualifies as a secured
borrowing, the ‘‘purchasing’’ institution should report the
transaction as indicated below based on whether the
agreement involves a security of some other financial
asset.
(1) Securities ‘‘purchased’’ under agreements to resell
reported in Schedule HC, item 3(b), ‘‘Securities
purchased under agreements to resell.’’
(2) Financial assets (other than securities) ‘‘purchased’’
under agreements to resell are reported as follows:
(a) If the resale agreement has an original maturity
of one business day (or is under a continuing
contract) and is in immediately available funds, it
should be reported in Schedule HC, item 3(a),
‘‘Federal funds sold (in domestic offices),’’ if it is
in a domestic office, and in Schedule HC, item
4(b), ‘‘Loans and leases, held for investment,’’ if
it is a foreign office.
(b) If the resale agreement has an original maturity
of more than one business day or is not in
immediately available funds, it should be reported
in Schedule HC, item 4(b), ‘‘Loans and leases,
held for investment.’’
In addition, the “purchasing” institution may need to
record further entries depending on the terms of agreement. If the “purchasing” institution has the right to sell
the noncash assets it has ‘‘purchased’’ and sells these
assets, it should recognize the proceeds from the sale and
report its obligation to return the assets in Schedule HC,
item 20, ‘‘Other liabilities.’’ If the ‘‘selling’’ institution
defaults under the terms of the repurchase agreement and
is no longer entitled to redeem the noncash assets, the
‘‘purchasing’’ institution should recognize these assets on
its own balance sheet (e.g., securities should be reported
in Schedule HC, item 2, ‘‘Securities,’’ or item 5, ‘‘Trading assets,’’ as appropriate) and initially measure them at
fair value. However, if the ‘‘purchasing’’ insitution has
FR Y-9C
Glossary September 2020
already sold the assets it has ‘‘purchased,’’ it should
derecognize its obligation to return the assets. Otherwise,
the ‘‘purchasing’’ institution should not recognize the
transferred financial assets (i.e., the financial assets ‘‘purchased’’ under the resale agreement) on its balance sheet.
Repurchase/resale agreements reported as sales.—If a
repurchase agreement does not qualify as a secured
borrowing under ASC Topic 860, the selling institution
should account for the transaction as a sale of financial
assets and a forward repurchase commitment. The selling
institution should remove the transferred assets from its
balance sheet, record the proceeds from the sale of
transferred assets (including the forward repurchase commitment) and record any gain or loss on the transaction.
Similarly, if a resale agreement does not qualify as a
borrowing under ASC Topic 860, the purchasing institution should account for the transaction as a purchase of
financial assets and a forward resale commitment. The
purchasing institution should record the transferred assets
on its balance sheet and initially measure them at fair
value, record the payment for the purchased assets
(including the forward resale commitment).
Reserve Balances, Pass-through: See ‘‘Pass-through
reserve balances.’’
Revenue from Contracts with Customers: ASC Topic
606, Revenue from Contracts with Customers, when it
becomes effective as a result of ASU 2014-09,27 provides
guidance on how an entity should recognize revenue
from these transactions. The core principle of Topic 606
is that an entity should recognize revenue at an amount
that reflects the consideration to which it expects to be
entitled in exchange for transferring goods or services to
a customer as part of the entity’s ordinary activities. ASU
2014-09 also added ASC Topic 610, Other Income, to the
ASC. ASC Topic 610 applies to income recognition that
is not within the scope of ASC Topic 606, other Topics
(such as Topics 840 and 842 on leases, as applicable), or
other revenue or income guidance. ASC Topic 610
27. For Holding companies that are public business entities, as defined
under U.S. GAAP, the new standard is effective for fiscal years beginning
after December 15, 2017, including interim reporting periods within those
fiscal years. For holding companies that are not public business entities
(i.e., that are private companies), the new standard is effective for fiscal
years beginning after December 15, 2018, and interim reporting periods
within fiscal years beginning after December 15, 2019. Early application of
the new standard is permitted. See the Glossary entries for “public business
entity” and “private company” for the definitions of these terms.
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Glossary
applies to an institution’s sales of repossessed nonfinancial assets, such as other real estate owned (OREO). See
the Glossary entry for “foreclosed assets” for guidance
on the accounting and reporting for the sale of OREO and
other repossessed nonfinancial assets
ASC Topic 606 specifically excludes financial instruments and other contractual rights or obligations within
the scope of ASC Topic 310, Receivables; ASC Topic 320,
Investments - Debt Securities; ASC Topic 321, Investments - Equity Securities; ASC Topic 815, Derivatives
and Hedging; ASC Topic 860, Transfers and Servicing,
and certain other ASC Topics. Therefore, many common
revenue streams in the financial sector, such as interest
income, fair value adjustments, gains and losses on sales
of financial instruments, and loan origination fees, are not
within the scope of ASC Topic 606. However, the
provisions of ASC Topic 606 may affect the timing for
the recognition of, and the presentation of, those revenue
streams within the scope of this accounting standard,
such as certain fees associated with credit card arrangements, underwriting fees and costs, and deposit-related
fees. To achieve the core principle described above when
accounting for transactions within the scope of ASC
Topic 606, an institution should apply the following steps
as set forth in ASC Topic 606:
reporting of transfers of financial assets for purposes of
the balance sheet, income statement, and related schedules, see the Glossary entry for ‘‘transfers of financial
assets.’’
For purposes of reporting in Schedules HC-R and HC-S,
some transfers of assets that qualify as sales under
generally accepted accounting principles are subject to
the capital guidelines because they meet the following
definition of “recourse” that is set forth in those guidelines.
Definition of ‘‘recourse’’ for risk-based capital
purposes—As defined in capital guidelines, recourse
means an arrangement in which a holding company
retains, in form or in substance, any credit risk directly or
indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that
exceeds a pro rata share of the holding company’s claim
on the asset. If a holding company has no claim on an
asset it has sold, then the retention of any credit risk is
recourse.
Step 2: Identify the performance obligations in the
contract.
A recourse obligation typically arises when an institution
transfers assets on a sale and retains an obligation to
repurchase the assets or absorb losses due to a default of
principal or interest or any other deficiency in the performance of the underlying obligor or some other party.
Recourse may also exist implicitly where a holding
company provides credit enhancement beyond any contractual obligation to support assets it has sold.
Step 3: Determine the transaction price.
The following are examples of recourse arrangements:
Step 4: Allocate the transaction price to the performance
obligations in the contract.
(1) Credit-enhancing representations and warranties made
on the transferred assets, i.e., representations and
warranties that are made in connection with a transfer
of assets (including loan servicing assets) and that
obligate a holding company to protect investors from
losses arising from credit risk in the assets transferred
or the loans serviced. Credit-enhancing representations and warranties include promises to protect a
party from losses resulting from the default or nonperformance of another party or from an insufficiency in the value of collateral. Credit-enhancing
representations and warranties do not include:
Step 1: Identify the contract(s) with a customer.
Step 5: Recognize revenue when (or as) the institution
satisfies a performance obligation. For further guidance
on applying these steps, refer to ASC Topic 606.
Sales of Assets for Risk-Based Capital Purposes: This
entry should be read in conjunction with the Federal
Reserve’s final rule revising the regulatory capital treatment of recourse arrangements and direct credit substitutes, including residual interests and credit-enhancing
interest-only strips, which was published on November 29, 2001. This entry provides guidance for determining whether sales of loans, securities, receivables, and
other assets are subject to the agencies’ risk-based capital
standards and are reportable in Schedule HC-R, Regulatory Capital, and Schedule HC-S, Servicing, Securitization and Asset Sale Activities. For information on the
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(a) Early-default clauses and similar warranties that
permit the return of, or premium refund clauses
covering, qualifying 1–4 family residential first
mortgage loans, i.e., those that qualify for a
50 percent risk weight for risk-based capital
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purposes, for a period of 120 days from the date
of transfer. These warranties may cover only
those loans that were originated within 1 year of
the date of transfer.
(b) Premium refund clauses covering assets guaranteed, in whole or in part, by the U.S. Government, a U.S. Government agency, or a U.S.
Government-sponsored agency, provided the premium refund clauses are for a period not to
exceed 120 days from the date of transfer.
(c) Warranties that permit the return of assets in
instances of fraud, misrepresentation, or incomplete documentation.
(2) Loan servicing assets retained pursuant to an agreement under which the holding company does one or
more of the following:
(a) Is responsible for losses associated with the loans
serviced.
(b) Is responsible for making mortgage servicer cash
advances, i.e., funds that a residential mortgage
servicer advances to ensure an uninterrupted flow
of payments or the timely collection of residential mortgage loans, including disbursements
made to cover foreclosure costs or other expenses
arising from a mortgage loan to facilitate its
timely collection. A mortgage servicer cash
advance is not a recourse obligation if:
(i) the mortgage servicer is entitled to full reimbursement or, for any one residential mortgage loan, nonreimbursable advances are
limited to an insignificant amount of the
outstanding principal on that loan, and
(ii) the servicer’s entitlement to reimbursement
is not subordinated.
(c) Makes credit-enhancing representations and warranties on the serviced loans.
(3) Retained subordinated interests that absorb more
than their pro rata share of losses from the underlying
assets.
(4) Assets sold under an agreement to repurchase, if the
assets are not already included on the balance sheet.
(5) Loan strips sold without contractual recourse where
the maturity of the transferred portion of the loan is
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shorter than the maturity of the commitment under
which the loan is drawn.
(6) Credit derivative contracts under which the holding
company retains more than its pro rata share of credit
risk on transferred assets.
(7) Clean-up calls, except that calls that are exercisable
at the option of the holding company (as servicer or
as an affiliate of the servicer) only when the pool
balance is 10 percent or less of the original pool
balance are not recourse.
In addition, all recourse arrangements in the form of
on-balance sheet assets are ‘‘residual interests.’’ The
capital guidelines define ‘‘residual interest’’ to mean
any on-balance sheet asset that represents an interest
(including a beneficial interest) created by a transfer that
qualifies as a sale (in accordance with generally accepted
accounting principles) of financial assets, whether through
a securitization or otherwise, and that exposes a holding
company to credit risk directly or indirectly associated
with the transferred asset that exceeds a pro rata share of
the holding company’s claim on the asset, whether
through subordination provisions or other credit enhancement techniques. In general, residual interests include
credit-enhancing interest-only strips, spread accounts,
cash collateral accounts, retained subordinated interests,
other forms of overcollateralization, accrued but uncollected interest on transferred assets that (when collected)
will be available to serve in a credit-enhancing capacity,
and similar on-balance sheet assets that function as a
credit enhancement.
If an asset transfer that qualifies for sale treatment under
generally accepted accounting principles meets the preceding definition of ‘‘recourse,’’ the transaction must
be treated as an ‘‘asset sale with recourse’’ for purposes
of reporting risk-based capital information in Schedule HC-R. The transaction must also be reported as an
asset sale with recourse in Schedule HC-S, item 1 or
item 11, as appropriate, depending on whether the asset
was securitized by the reporting institution.
Assets transferred in transactions that do not qualify as
sales under generally accepted accounting principles
should continue to be reported as assets on the balance
sheet and are subject to the capital guidelines.
Summary Description of the Risk-Based Capital Treatment of Recourse Arrangements—Under the capital
guidelines, in general, a holding company must hold
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risk-based capital against the entire outstanding amount
of the assets sold with recourse. However, some of the
exceptions to this general rule include the following:
(1) Under the low-level exposure provisions of the capital guidelines, the risk-based capital requirement for
a recourse arrangement is limited to the maximum
contractual loss exposure when this amount is less
than the amount of risk-based capital that would be
required to be held against the entire outstanding
amount of the assets sold.
(2) For a residual interest or other recourse exposure in a
securitization (other than a credit-enhancing interestonly strip) that qualifies for the ratings-based
approach, the required amount of risk-based capital
is determined based on the relative risk of loss of the
residual interest or other recourse exposure.
(3) For a residual interest that does not qualify for the
ratings-based approach, including a credit-enhancing
interest-only strip that is not deducted from Tier 1
capital under the concentration limit, the residual
interest is subject to a dollar-for-dollar capital charge.
(4) Under Section 208 of the Riegle Community Development and Regulatory Improvement Act of 1994,
risk-based capital must be held against the amount of
recourse retained on small business obligations transferred with recourse.
For further information on the reporting of recourse
arrangements for risk-based capital calculation purposes,
refer to the instructions for Schedule HC-R, Regulatory
Capital, including the sections of instructions on ‘‘RiskWeighted Assets’’ and ‘‘Balance Sheet Asset Categories’’ and the instructions for the following Schedule HC-R part II items:
• Item 15, “Retained recourse on small business obligations sold with recourse;”
Interpretations and illustrations of the definition of
‘‘recourse’’ for risk-based capital purposes:
(1) For any given asset transfer, the determination of
whether credit risk is retained by the transferring
institution in excess of a pro rata share of its claim on
the asset is to be based upon the substance of the
transfer agreement or other relevant documents or
informal commitments and understandings, or subsequent actions of the parties to the transactions, not
upon the form or particular terminology used. The
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presence of a bona fide ‘‘sale with recourse’’ provision would establish the transaction as an asset sale
with recourse for purposes of risk-based capital and
Schedules HC-R and HC-S. However, the absence
of a recourse provision, the absence of the term
‘‘recourse,’’ even the presence of a statement to the
effect that there is no recourse or, in the case of a
participation, the use of the terms ‘‘pass-through’’ or
‘‘pure pass-through’’ will not by themselves establish
a transaction as a sale that is not subject to risk-based
capital. If other conditions and provisions of the
transfer are such as to leave the transferor with credit
risk as described in the definition of recourse, the
transfer is an asset sale with recourse for purposes of
risk-based capital and Schedules HC-R and HC-S.
(2) If assets are sold subject to specific contractual terms
that limit the seller’s recourse liability to a percentage of the amount of assets sold or to a specific
dollar amount and this percentage or amount exceeds
a pro rata share of the seller’s claim on the assets,
the transaction represents an asset sale with recourse
for risk-based capital purposes. For example, if assets
are sold subject to a ten percent recourse liability
provision (i.e., the seller’s credit risk is limited to ten
percent of the amount of assets sold) with no other
retention of credit risk by the seller, the total outstanding amount of the assets sold is subject to
risk-based capital, not just ten percent of the assets
sold, unless the low level exposure rule applies.
(3) Among the transfers where credit risk has been
retained by the seller and that should be considered
by the seller as asset sales with recourse for purposes
of risk-based capital and Schedules HC-R and HC-S
are arrangements such as the following (this list is
illustrative of the principles involved in the application of the definition of ‘‘recourse’’ and is not
all-inclusive)—
(a) the sale of an asset with a realistic bona fide put
option allowing the purchaser, at its option, to
return the asset to the seller;
(b) the sale of an asset guaranteed by a standby letter
of credit issued by the seller;
(c) the sale of an asset guaranteed by a standby letter
of credit issued by any other party in which the
credit risk on the asset sold, either directly or
indirectly, rests with the seller;
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(d) the sale of an asset guaranteed by an insurance
contract in which the seller, either directly or
indirectly, indemnifies or otherwise protects the
insurer in any manner against credit risk; and
(e) sales and securitizations of assets which use
contractual cash flows (e.g., interest-only strips
receivable and so-called ‘‘spread accounts’’),
retained subordinated interests, or retained securities (e.g., collateral invested amounts and cash
collateral accounts) as credit enhancements.
(4) The sale of a loan or other asset subject to an
agreement under which the seller will pass through to
the purchaser a rate of interest that differs from the
stated rate of interest on the transferred asset would
not, for this reason alone, require the transaction to
be treated as an asset sale with recourse for riskbased capital purposes provided (1) the seller’s obligation to pass interest through to the purchaser is
contingent upon the continued interest payment performance of the underlying obligor of the transferred
asset (i.e., the seller has no obligation to pass interest
through if the obligor defaults in whole or in part on
interest or principal) and (2) none of the other
characteristics of the sale or participation causes the
transaction to meet the definition of ‘‘recourse.’’
(5) The definition of ‘‘recourse’’ applies to all transfers
of assets, including sales of a single asset or of a pool
of assets and sales of participations in a single asset
or in a pool of assets (whether of similar or dissimilar
instruments). In participations that qualify for sale
treatment under generally accepted accounting principles and are not ‘‘syndications’’ (as described in the
Glossary item for that term), the seller of the participations should handle the transfer of shares to participants in accordance with the definition of ‘‘recourse,’’
even though the assets being participated were
acquired or accumulated for the express purpose of
issuing participations and even though the participation was prearranged with the purchasers of the
participations. However, the definition of ‘‘recourse’’
does not apply to the initial operation and distribution of participations in the form of syndications,
since in a syndication there is no transfer of assets
involved of the type to which this definition is
addressed. Any subsequent transfers of shares, or
parts of shares, in a syndicated loan would be subject
to the ‘‘recourse’’ definition.
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(6) The definition of “recourse” (and these interpretations and illustrations) is also applicable to asset
transfers that are made to special or limited purpose
entities that are not technically affiliated with the
seller. Regardless of the legal structure of the transaction, if credit risk is retained by the seller, either
contractually or otherwise, either directly or indirectly, the seller should treat the transaction as an
asset sale with recourse for purposes of risk-based
capital and Schedules HC-R and HC-S even if the
sale to the special purpose entity is stated as being
without recourse.
Savings Deposits: See ‘‘Deposits.’’
Securities Activities: Holding companies should categorize their investments in debt securities as trading,
available-for-sale, or held-to-maturity consistent with
ASC Topic 320, Investments-Debt and Equity Securities.
Management should periodically reassess its security
categorization decisions to ensure that they remain appropriate.
Debt and equity securities that are intended to be held
principally for the purpose of selling them in the near
term should be classified as trading assets. Trading
activity includes active and frequent buying and selling
of securities for the purpose of generating profits on
short-term fluctuations in price. Securities held for trading purposes must be reported at fair value on the balance
sheet on HC, item 5, with unrealized gains and losses
recognized in current earnings and regulatory capital.
Holding companies may also elect to report debt securities within the scope of ASC Topic 320 at fair value in
accordance with ASC Subtopic 825-10, Financial Instruments – Overall. Debt securities for which the fair value
option is elected should be classified as trading assets and
reported on the balance sheet in Schedule HC, item 5,
with unrealized gains and losses recognized in current
earnings and regulatory capital. In general, the fair value
option may be elected for an individual security only
when it is first recognized and the election is irrevocable.
Held-to-maturity securities are debt securities that a
holding company has the positive intent and ability to
hold to maturity. Held-to-maturity securities, which are
generally reported at amortized cost should be reported
on the balance sheet in Schedule HC, item 2(a). The
amortized cost and fair value of held-to-maturity securities are reported by securities category in Schedule
HC-B, columns A and B, respectively. Debt securities
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not categorized as trading or held-to-maturity must be
reported as available-for-sale. A holding company must
report its available-for-sale securities at fair value on the
balance sheet generally in Schedule HC, item 2(b), but
unrealized gains and losses on such securities are excluded
from earnings and reported in a separate component of
equity capital (i.e., in Schedule HC, item 26(b), ‘‘Accumulated other comprehensive income’’). The amortized
cost and fair value of available-for-sale debt securities
are reported by securities category in Schedule HC-B,
columns C and D, respectively.
Accounting Standards Update No. 2016-01, “Recognition and Measurement of Financial Assets and Financial
Liabilities” (ASU 2016-01), added Topic 321, Investments – Equity Securities, to the ASC. ASU 2016-01
eliminated the classification of equity securities with
readily determinable fair values not held for trading as
available-for-sale equity securities which were measured
at fair value with changes in fair value generally recognized in other comprehensive income. As a consequence,
all holding companies must measure investments in
equity securities, except those accounted for under the
equity method and those that result in consolidation, at
fair value with changes in fair value recognized in net
income. However, for an equity security not held for
trading that does not have a readily determinable fair
value, ASC Topic 321 permits a holding company to
elect to measure the security at cost minus impairment, if
any, plus or minus changes resulting from observable
price changes in orderly transactions for the identical or a
similar investment of the same issuer. When this measurement alternative is elected for an equity security
without a readily determinable fair value not held for
trading, ASC Topic 321 requires the equity security to be
written down to its fair value, with a charge to earnings,
if a qualitative assessment indicates the security is
impaired and the fair value of the security is less than its
carrying value. For each equity security accounted for
using this measurement alternative, the qualitative assessment must be made each reporting period by qualitatively
considering impairment indicators to evaluate whether
the security is impaired. Impairment indicators that a
holding company should consider include, but are not
limited to, the indicators identified in ASC Subtopic
321-10.
Except for equity investments accounted for under the
equity method and those that result in consolidation,
equity securities with readily determinable fair values not
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held for trading should be reported at fair value on the
balance sheet in Schedule HC, item 2(c), and equity
investments without readily determinable fair values not
held for trading should be reported at fair value or using
the measurement alternative described above in Schedule HC-F, item 4.
The measurement guidance for investments in equity
securities in ASC Topic 321 described above also applies
to investments in other ownership interests, such as
interests in partnerships, unincorporated joint ventures,
and limited liability companies. However, the measurement guidance does not apply to Federal Home Loan
Bank stock or Federal Reserve Bank stock which should
be reported in Schedule HC-F, item 4.
Other-Than-Temporary Impairment (ASC Topic 320) –
For holding companies that have adopted ASC Topic
326, Financial Instruments–Credit Losses, this section is
no longer applicable. Refer to the “Impairment of Individual Available-for-Sale Debt Securities (ASC Topic
326)” and “Accounting for Held-to-Maturity Debt Securities (ASC Topic 326)” sections below, as applicable.
Until a holding company has adopted FASB Accounting
Standards Update No. 2016-13 (ASU 2016-13), which
applies to held-to-maturity and available-for-sale debt
securities, when the fair value of a debt security is less
than its amortized cost basis, the security is impaired and
the impairment is either temporary or other than temporary. Under ASC Topic 320, holding companies must
determine whether an impairment of an individual
available-for-sale or held-to-maturity debt security is
other than temporary. To make this determination, holding companies should apply applicable accounting guidance including, but not limited to, ASC Topic 320 and
ASC Subtopic 325-40, Investments—Other—Beneficial
Interests in Securitized Financial Assets.
Under ASC Topic 320, if a holding company intends to
sell a debt security or it is more likely than not that it will
be required to sell the debt security before recovery of its
amortized cost basis, an other-than-temporary impairment has occurred and the entire difference between the
security’s amortized cost basis and its fair value at the
balance sheet date must be recognized in earnings. In
these cases, the fair value of the debt security would
become its new amortized cost basis.
In addition, under ASC Topic 320, if the present value of
cash flows expected to be collected on a debt security is
less than its amortized cost basis, a credit loss exists. In
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this situation, if a holding company does not intend to sell
the security and it is not more likely than not that the
institution will be required to sell the debt security before
recovery of its amortized cost basis less any currentperiod credit loss, an other-than-temporary impairment
has occurred. The amount of the total other-thantemporary impairment related to the credit loss must be
recognized in earnings, but the amount of the total
impairment related to other factors must be recognized in
other comprehensive income, net of applicable taxes.
Until a holding company has adopted ASU 2016-13,
other-than-temporary impairment losses on held-tomaturity and available-for-sale debt securities that must
be recognized in earnings should be included in Schedule
HI, items 6(a) and 6(b), respectively. Other-thantemporary impairment losses that are to be recognized in
other comprehensive income, net of applicable taxes,
should be reported in item 12 of Schedule HI-A, Changes
in Bank Equity Capital, and included on the balance sheet
in Schedule HC, item 26(b), ‘‘Accumulated other comprehensive income.’’ The amount of other-than-temporary
impairment losses on held-to-maturity and available-forsale debt securities recognized in earnings during the
current calendar year-to-date reporting period should be
reported in Schedule HI, Memorandum item 17. For a
held-to-maturity debt security on which the institution has
recognized an other-than-temporary impairment loss related to factors other than credit loss in other comprehensive income, the holding company should report the
carrying value of the debt security in Schedule HC, item
2(a), and in column A of Schedule HC-B, Securities.
Under ASC Topic 320, this carrying value should be the
fair value of the held-to-maturity debt security as of the
date of the most recently recognized other-than-temporary
impairment loss adjusted for subsequent accretion of the
impairment loss related to factors other than credit loss.
Impairment of Individual Available-for-Sale Debt Securities (ASC Topic 326) – This section of this Glossary
entry applies to holding companies that have adopted
ASC Topic 326. Holding companies that have not
adopted ASC Topic 326 should continue to refer to the
“Other-Than-Temporary Impairment (ASC Topic 320)”
section above. For additional information on the maintenance of appropriate allowances for credit losses (ACL),
institutions should also refer to the Interagency Policy
Statement on Allowances for Credit Losses issued in
May 2020.
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Glossary June 2020
Standards for the accounting for impairment of availablefor-sale debt securities are set forth in ASC Subtopic
326-30, Financial Instruments–Credit Losses–Availablefor-Sale Debt Securities. Under this subtopic, an availablefor-sale debt security is impaired if its fair value is less
than its amortized cost basis. Thus, as of the end of each
quarter, or more frequently if warranted, a holding company must determine whether a decline in fair value
below the amortized cost basis of an individual availablefor-sale debt security has resulted from a credit loss or
other factors. Credit losses are calculated individually,
rather than collectively, using a discounted cash flow
method to compare the present value of the cash flows
expected to be collected with the amortized cost basis of
the security. An ACL is established, with a charge to the
provision for credit losses, to reflect the credit loss
component of the decline in fair value below amortized
cost. The ACL for an available-for-sale debt security is
limited by the amount that the fair value is less than the
amortized cost basis, which is referred to as the fair value
floor. Noncredit impairment on an available-for-sale debt
security that is not required to be recorded through the
ACL should be reported, net of applicable income taxes,
in Schedule HI-A, item 12, “Other comprehensive
income.”
A holding company must reassess the credit losses on an
individual available-for-sale debt security each quarter
when there is an ACL on the security. The holding
company should record subsequent changes in the ACL
in the period of the change with a corresponding adjustment recorded through a provision for credit losses
included in Schedule HI, item 4. A previously recorded
ACL on an available-for-sale debt security should not be
reversed to an amount below zero.
When evaluating impairment for available-for-sale debt
securities, a holding company may evaluate the amortized cost basis including accrued interest receivable, or
may evaluate the accrued interest receivable separately
from the remaining amortized cost basis. If evaluated
separately, accrued interest receivable is excluded from
both the fair value of the available-for-sale debt security
and its amortized cost basis.
If a holding company intends to sell an available-for-sale
debt security or will more likely than not be required to
sell the security before recovery of the amortized cost
basis, the security’s ACL should be written off and the
amortized cost basis of the security should be charged
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down to its fair value at the reporting date with any
incremental impairment reported in Schedule HI, item
6.b, “Realized gains (losses) on available for sale securities.” The previous amortized cost basis of the debt
security, less the amount of the charge-off, becomes the
new amortized cost basis of the security. This new
amortized cost basis is not increased for subsequent
recoveries in fair value; rather, a subsequent increase in
fair value after charge-off is included in other comprehensive income. The difference between the new amortized
cost basis and the cash flows expected to be collected
should be accreted to interest income according to applicable accounting standards.
A holding company that has available-for-sale debt securities accounted for in accordance with ASC Subtopic
325-40, Investments–Other–Beneficial Interests in Securitized Financial Assets, should refer to that subtopic to
account for changes in cash flows expected to be collected.
Accounting for Expected Credit Losses on Held-toMaturity Debt Securities (ASC Topic 326) – Holding
companies that have not adopted ASC Topic 326 should
continue to refer to the “Other-Than-Temporary Impairment (ASC Topic 320)” section above.
Holding companies that have adopted ASC Topic 326
should refer to the Glossary entry for “allowance for
credit losses” for information on estimating the allowance for credit losses on held-to-maturity debt securities.
Such holding companies should include provisions for
credit losses on held-to-maturity debt securities in Schedule HI, item 4.
Practices Considered Trading Activities – The proper
categorization of securities is important to ensure that
trading gains and losses are promptly recognized in
earnings and regulatory capital. This will not occur when
securities intended to be held for trading purposes are
categorized as held-to-maturity or available-for-sale. The
following practices are considered trading activities:
(1) Gains Trading — Gains trading is characterized by
the purchase of a security and the subsequent sale of
the same security at a profit after a short holding
period, while securities acquired for this purpose that
cannot be sold at a profit are typically retained in the
available-for-sale or held-to-maturity portfolio. Gains
trading may be intended to defer recognition of
losses, as unrealized losses on available-for-sale and
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held-to-maturity debt securities do not directly affect
regulatory capital and generally are not reported in
income until the security is sold.
(2) When-Issued Securities Trading — When-issued
securities trading is the buying and selling of securities in the period between the announcement of an
offering and the issuance and payment date of the
securities. A purchase of a ‘‘when-issued’’ security
acquires the risks and rewards of owning a security
and may sell the when-issued security at a profit
before having to take delivery and pay for it. Because
such transactions are intended to generate profits
from short-term price movements, they should be
categorized as trading.
(3) Pair-offs — Pair-offs are security purchase transactions that are closed-out or sold at, or prior to,
settlement date. In a pair-off, an institution commits
to purchase a security. Then, prior to the predetermined settlement date, the institution will pair-off the
purchase with a sale of the same security. Pair-offs
are settled net when one party to the transaction
remits the difference between the purchase and the
sale price to the counterparty. Pair-offs may also
involve the same sequence of events using swaps,
options on swaps, forward commitments, options on
forward commitments, or other off-balance sheet
derivative contracts.
(4) Extended Settlements — In the U.S., regular-way
settlement for federal government and federal agency
securities (except mortgage-backed securities and
derivative contracts) is one business day after the
trade date. Regular-way settlement for corporate and
municipal securities is three business days after the
trade date. For mortgage-backed securities, it can be
up to 60 days or more after the trade date. The use of
extended settlements may be offered by securities
dealers in order to facilitate speculation on the part of
the purchaser, often in connection with pair-off transactions. Securities acquired through the use of a
settlement period in excess of the regular-way settlement periods in order to facilitate speculation should
be reported as trading assets.
(5) Repositioning Repurchase Agreements — A repositioning repurchase agreement is a funding technique
offered by a dealer in an attempt to enable an
institution to avoid recognition of a loss. Specifically,
an institution that enters into a ‘‘when-issued’’ trade
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or a ‘‘pair-off’’ (which may include an extended
settlement) that cannot be closed out at a profit on the
payment or settlement date will be provided dealer
financing in an effort to fund its speculative position
until the security can be sold at a gain. The institution
purchasing the security typically pays the dealer a
small margin that approximates the actual loss in the
security. The dealer then agrees to fund the purchase
of the security, typically buying it back from the
purchaser under a resale agreement. Any securities
acquired through a dealer financing technique such as
a repositioning repurchase agreement that is used to
fund the speculative purchase of securities should be
reported as trading assets.
(6) Short Sales — A short sale is the sale of a security
that is not owned. The purpose of a short sale
generally is to speculate on a fall in the price of the
security. (For further information, see the Glossary
entry for “Short position.”)
Prohibited Practices– One other practice, referred to as
‘‘adjusted trading,’’ is not acceptable under any circumstances. Adjusted trading involves the sale of a security
to a broker or dealer at a price above the prevailing
market value and the contemporaneous purchase and
booking of a different security, frequently a lower-rated
or lower quality issue or one with a longer maturity, at a
price above its market value. Thus, the dealer is reimbursed for losses on the purchase from the institution and
ensured a profit. Such transactions inappropriately defer
the recognition of losses on the security sold and establish an excessive cost basis for the newly acquired
security. Consequently, such transactions are prohibited
and may be in violation of 18 U.S.C. Sections 1001—
False Statements or Entries and 1005—False Entries.
See also the Glossary entries for “accrued interest receivable,” “allowance for credit losses,” “purchased creditdeteriorated assets,” and “trading account.”
Securities Borrowing/Lending Transactions: Securities borrowing/lending transactions are typically initiated
by broker–dealers and other financial institutions that
need specific securities to cover a short sale or a customer’s failure to deliver securities sold. A transferee
(‘‘borrower’’) of securities generally is required to provide ‘‘collateral’’ to the transferor (‘‘lender’’) of securities, commonly cash but sometimes other securities or
standby letters of credit, with a value slightly higher than
that of the securities ‘‘borrowed.’’
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Most securities borrowing/lending transactions do not
qualify as sales under ASC Topic 860, Transfers and
Servicing, because the securities borrowing/lending agreement entitles and obligates the securities lender to repurchase or redeem the transferred assets before their maturity. (See the Glossary entry for “transfers of financial
assets” for further discussion of sale criteria.) When such
a transaction does not qualify as a sale, the securities
lender (the transferor) and the securities borrower (the
transferee) should account for the transaction as a secured
borrowing in which cash (or securities that the holder is
permitted by contract or custom to sell or repledge)
received as “collateral” by the securities lender is considered the amount borrowed and the securities “loaned” by
the securities lender are considered pledged as collateral
against the amount borrowed. The securities lender
should recognize the cash or securities received as “collateral” as an asset on its balance sheet with a corresponding liability for the obligation to return the “collateral”
received. The securities lender should continue to report
the “loaned” securities on its balance sheet in the same
asset category as before the transfer, e.g., as available-forsale securities, held-to-maturity securities, or trading
assets, as appropriate. “Loaned” securities that the securities lender reports as available-for-sale or held-tomaturity securities in Schedule HC-B, Securities, should
also be reported as “Pledged securities” in Memorandum
item 1 of that schedule. Similarly, holding companies,
“loaned” securities that the securities lender reports as
trading assets in Schedule HC-D, Trading Assets and
Liabilities, should be reported as “Pledged securities” in
Memorandum item 4.a of that schedule, if applicable.
When a securities borrowing/lending transaction does not
qualify as a sale, the securities borrower should not
recognize at inception the “loaned” securities transferred
to it as assets on its balance sheet. Rather, at the inception
of a transaction in which the securities borrower pledges
cash collateral, the securities borrower should derecognize the cash pledged to the securities lender and recognize a corresponding receivable for the borrower’s claim
on the cash that the securities lender is obligated to return
in the future. If the securities borrower pledges securities
as collateral to the securities lender, the securities borrower should record no balance sheet entry for the
pledged securities at inception, but it should report these
securities as pledged securities in the Call Report in the
same manner as discussed above for a securities lender. If
the securities lender later defaults under the terms of the
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Glossary
securities borrowing/lending agreement and is no longer
entitled to redeem the “loaned” securities, the securities
lender should remove these securities from its balance
sheet. Additionally, the securities borrower should now
recognize the “loaned” securities as assets on its balance
sheet (and report these securities, e.g., as available-forsale securities, held-to-maturity securities, or trading
assets, as appropriate, if debt securities had been loaned)
and initially measure them at fair value.
If the securities borrowing/lending transaction meets the
criteria for a sale under ASC Topic 860, the lender of the
securities should remove the securities from its balance
sheet, record the proceeds from the sale of the securities
(including the forward repurchase commitment), and recognize any gain or loss on the transaction. The borrower
of the securities should record the securities on its balance sheet at fair value and record the payment for the
purchased assets (including the forward resale commitment).
Securities, Participations in Pools of: See ‘‘Repurchase/
resale agreements.’’
Separate Accounts: Separate accounts are employed by
life insurers to segregate and account for assets and
related liabilities maintained to meet specific investment
objectives of contractholders. The accounts are often
maintained as separate accounting entities for pension
plans as well as fixed benefit, variable annuity and other
products on which the customer and not the insurer
retains all or most of the investment and/or interest rate
risk. Investment income and investment gains and losses
generally accrue directly to such contractholders and are
not accounted for on the general accounts of the insurer.
The carrying values of separate account assets and liabilities usually approximate each other with little associated
capital reflected on the books of the insurer. The assets of
each account are legally segregated and are not subject to
claims that arise out of any other business of the
company.
Servicing Assets and Liabilities: The accounting and
reporting standards for servicing assets and liabilities are
set forth in ASC Subtopic 860-50, Transfers and Servicing – Servicing Assets and Liabilities, and ASC Topic 948,
Financial Services-Mortgage Banking (formerly FASB
Statement No. 65, Accounting for Certain Mortgage
Banking Activities, as amended by Statement No. 140). A
summary of the relevant sections of these accounting
standards follows. For further information, see ASC
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Subtopic 860-50, ASC Topic 948, and the Glossary entry
for ‘‘transfers of financial assets.’’
Servicing of mortgage loans, credit card receivables, or
other financial assets includes, but is not limited to,
collecting principal, interest, and escrow payments from
borrowers; paying taxes and insurance from escrowed
funds; monitoring delinquencies; executing foreclosure if
necessary; temporarily investing funds pending distribution; remitting fees to guarantors, trustees, and others
providing services; and accounting for and remitting
principal and interest payments to the holders of beneficial interests in the financial assets. Servicers typically
receive certain benefits from the servicing contract and
incur the costs of servicing the assets.
Servicing is inherent in all financial assets; it becomes a
distinct asset or liability for accounting purposes only in
certain circumstances as discussed below. Servicing
assets result from contracts to service financial assets
under which the benefits of servicing (estimated future
revenues from contractually specified servicing fees, late
charges, and other ancillary sources) are expected to
more than adequately compensate the servicer for performing the servicing. Servicing liabilities result from
contracts to service financial assets under which the
benefits of servicing are not expected to adequately
compensate the servicer for performing the servicing.
Contractually specified servicing fees are all amounts
that, per contract, are due to the servicer in exchange for
servicing the financial asset and would no longer be
received by a servicer if the beneficial owners of the
serviced assets or their trustees or agents were to exercise
their actual or potential authority under the contract to
shift the servicing to another servicer. Adequate compensation is the amount of benefits of servicing that would
fairly compensate a substitute servicer should one be
required, including the profit that would be demanded by
a substitute servicer in the marketplace.
A holding company must recognize and initially measure
at fair value a servicing asset or a servicing liability each
time it undertakes an obligation to service a financial
asset by entering into a servicing contract in any of the
following situations:
(1) The holding company’s transfer of an entire financial
asset, a group of entire financial assets, or a participating interest in an entire financial asset that meets
the requirements for sale accounting; or
Glossary
FR Y-9C
September 2020
Glossary
(2) An acquisition or assumption of a servicing obligation that does not relate to financial assets of the
holding company or its consolidated affiliates included
in the FR Y-9C report.
If a holding company sells a participating interest in an
entire financial asset, it only recognizes a servicing asset
or servicing liability related to the participating interest
sold.
A holding company that transfers its financial assets to an
unconsolidated entity in a transfer that qualifies as a sale
in which the holding company obtains the resulting
securities and classifies them as debt securities held-tomaturity in accordance with ASC Topic 320, Investments–
Debt Securities, may either separately recognize its servicing assets or servicing liabilities or report those
servicing assets or servicing liabilities together with the
assets being serviced.
A holding company should account for its servicing
contract that qualifies for separate recognition as a servicing asset or servicing liability initially measured at fair
value regardless of whether explicit consideration was
exchanged. A holding company that transfers or securitizes financial assets in a transaction that does not meet
the requirements for sale accounting under ASC Topic
860 and is accounted for as a secured borrowing with the
underlying financial assets remaining on the holding
company’s balance sheet must not recognize a servicing
asset or a servicing liability.
After initially measuring a servicing asset or servicing
liability at fair value, a holding company should subsequently measure each class of servicing assets and servicing liabilities using either the amortization method or the
fair value measurement method. The election of the
subsequent measurement method should be made separately for each class of servicing assets and servicing
liabilities. A holding company must apply the same
subsequent measurement method to each servicing asset
and servicing liability in a class. Each holding company
should identify its classes of servicing assets and servicing liabilities based on (a) the availability of market
inputs used in determining the fair value of servicing
assets and servicing liabilities, (b) the holding company’s
method for managing the risks of its servicing assets or
servicing liabilities, or (c) both. Different elections can be
made for different classes of servicing. For a class of
servicing assets and servicing liabilities that is subsequently measured using the amortization method, a holdFR Y-9C
Glossary September 2020
ing company may change the subsequent measurement
method for that class of servicing by making an irrevocable decision to elect the fair value measurement method
for that class at the beginning of any fiscal year. Once a
holding company elects the fair value measurement
method for a class of servicing, that election must not be
reversed.
Under the amortization method, all servicing assets or
servicing liabilities in the class should be amortized in
proportion to, and over the period of, estimated net
servicing income for assets (servicing revenues in excess
of servicing costs) or net servicing loss for liabilities
(servicing costs in excess of servicing revenues). The
servicing assets or servicing liabilities should be assessed
for impairment or increased obligation based on fair
value at each quarter-end report date. The servicing
assets within a class should be stratified into groups
based on one or more of the predominant risk characteristics of the underlying financial assets. If the carrying
amount of a stratum of servicing assets exceeds its fair
value, the holding company should separately recognize
impairment for that stratum by reducing the carrying
amount to fair value through a valuation allowance for
that stratum. The valuation allowance should be adjusted
to reflect changes in the measurement of impairment
subsequent to the initial measurement of impairment. For
the servicing liabilities within a class, if subsequent
events have increased the fair value of the liability above
the carrying amount of the servicing liabilities, the
holding company should recognize the increased obligation as a loss in current earnings.
Under the fair value measurement method, all servicing
assets or servicing liabilities in a class should be measured at fair value at each quarter-end report date.
Changes in the fair value of these servicing assets and
servicing liabilities should be reported in earnings in the
period in which the changes occur.
For purposes of the FR Y-9C, servicing assets resulting
from contracts to service loans secured by real estate (as
defined for Schedule HC-C, item 1, in the Glossary entry
for ‘‘Loans secured by real estate’’) should be reported in
Schedule HC-M, item 12(a), ‘‘Mortgage servicing assets.’’
Servicing assets resulting from contracts to service all
other financial assets should be reported in Schedule
HC-M, item 12(c), ″All other intangible assets.″ When
reporting the carrying amount of mortgage servicing
assets in Schedule HC-M, item 12(a), and nonmortgage
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Glossary
servicing assets in Schedule HC-M, item 12(b), holding
companies should include all classes of servicing
accounted for under the amortization method as well as
all classes of servicing accounted for under the fair value
measurement method. The fair value of all recognized
mortgage servicing assets should be reported in Schedule
HC-M, item 12(a)(1), regardless of the subsequent measurement method applied to these assets. The servicing
asset carrying amounts reported in Schedule HC-M,
items 12(a) should be used when determining the amount
of such assets, net of associated deferred tax liabilities,
that exceed the common equity tier 1 capital deduction
thresholds in Schedule HC-R, Part I. Changes in the fair
value of any class of servicing assets and servicing
liabilities accounted for under the fair value measurement
method should be included in earnings in Schedule HI,
item 5(f), ‘‘Net servicing fees.’’ In addition, certain
information about assets serviced by the reporting holding company should be reported in Schedule HC-S,
Servicing, Securitization, and Asset Sale Activities.
Settlement Date Accounting: See “Trade date and
settlement date accounting.”
Shell Branches: Shell branches are limited service
branches of banks that do 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.
Short Position: When a holding company or its consolidated subsidiaries sell an asset that they do not own or
sell more of an asset than they own, they have established
a short position. If a holding company or its subsidiaries
are in a short position with respect to a particular asset on
the report date, the holding company shall report its
liability to purchase the asset in Schedule HC, item 15,
‘‘Trading liabilities.’’ In this situation, the right to receive
payment shall be reported in Schedule HC, item 11,
‘‘Other assets.’’ Because short positions are reported as
trading liabilities, each short position should be reported
and measured at fair value as defined by ASC Topic 820,
Fair Value Measurement. Changes in the fair value
measurement of trading liabilities should be recognized
on Schedule HI, item 5.c, “Trading revenue.” Short
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trading positions shall be revalued consistent with the
method used by the reporting holding company for the
valuation of its trading account assets.
For FR Y-9C Report purposes, if a holding company or
its subsidiaries hold a trading asset (i.e., a long position)
and sell more of the identical trading asset than they own,
the holding company may report the net amount of the
long and short positions as a trading liability only if an
identical unique identifier, such as a CUSIP or ISIN
number,28 is used to determine such net amount and the
holding company has determined that this reporting
treatment is appropriate under U.S. GAAP.
Standby Contract: See “Futures, forward, and standby
contracts.″
Standby Letter of Credit: See “Letter of credit.“
Start-Up Activities: Guidance on the accounting and
reporting for the costs of start-up activities, including
organization costs, is set forth in ASC Subtopic 720-15,
Other Expenses – Start-Up Costs. A summary of this
accounting guidance follows. For further information,
see ASC Subtopic 720-15.
Start-up activities are defined broadly as those one-time
activities related to opening a new facility, introducing a
new product or service, conducting business in a new
territory, conducting business with a new class of customer, or commencing some new operation. Start-up
activities include activities related to organizing a new
entity, such as a new holding company, the costs of which
are commonly referred to as organization costs. Organization costs for a holding company are the direct costs
incurred to incorporate the holding company. Such costs
include, but are not limited to, professional (e.g., legal,
accounting, and consulting) fees and printing costs
directly related to the incorporation process, and the cost
of economic impact studies. Costs of start-up activities,
including organization costs, should be expensed as
incurred. Costs of acquiring or constructing premises and
fixed assets and getting them ready for their intended use
are not start-up costs, but costs of using such assets that
are allocated to start-up activities (e.g., depreciation of
computers) are considered start-up costs.
28. A Committee on Uniform Securities Identification Procedures
(CUSIP) number or an International Securities Identification Number
(ISIN) is used to uniquely identify a specific security.
Glossary
FR Y-9C
June 2021
Glossary
For a new holding company, pre-opening expenses such
as salaries and employee benefits, rent, depreciation,
supplies, directors’ fees, training, travel, postage, and
telephone are considered start-up costs. Pre-opening
income earned and expenses incurred from the holding
company’s inception through the date the holding company commences operations should be reported in the
income statement using one of the two following methods, consistent with the manner in which the reporting
holding company reports pre-opening income and
expenses for other financial reporting purposes: (1) Preopening income and expenses for the entire period from
the holding company’s inception through the date the
holding company commences operations should be
reported in the appropriate items of Schedule HI, Consolidated Report of Income, each quarter during the
calendar year in which operations commence; or (2) The
net amount of pre-opening income and expenses for the
period from the holding company’s inception until the
beginning of the calendar year in which the holding
company commences operations should be included,
along with the holding company’s opening (original)
equity capital, in Schedule HI-A, item 14, ‘‘Other adjustments to equity capital (not included above).’’ The net
amount of these pre-opening income and expenses should
be identified and described in the ‘‘Notes to the Income
Statement.’’ Pre-opening income earned and expenses
incurred during the calendar year in which the holding
company commences operations should be reported in
the appropriate items of Schedule HI, Consolidated
Report of Income, each quarter during the calendar year
in which operations commence.
The organization costs of forming a holding company
and the costs of other holding company start-up activities
are sometimes paid by the bank that will be owned by the
holding company. These are the holding company’s
costs, whether or not the holding company formation is
successful, and they should be reported as expenses of
the holding company.
STRIPS: See “Coupon Stripping, Treasury Receipts, and
STRIPS.”
Subordinated Notes and Debentures: A subordinated
note or debenture is a form of debt issued by a holding
company or its subsidiaries. When issued by a subsidiary
bank, a subordinated note or debenture is not insured by a
federal agency, is subordinated to the claims of depositors, has an original weighted average maturity of five
FR Y-9C
Glossary September 2020
years or more. Such debt shall be issued by a bank with
the approval of, or under the rules and regulations of, the
appropriate federal bank supervisory agency (i.e., the
Board of Governors of the Federal Reserve System, the
Office of the Comptroller of the Currency, or the Federal
Deposit Insurance Corporation).
When issued by a holding company or its consolidated
nonbank subsidiaries, a subordinated note or debenture is
a form of unsecured long-term debt that is subordinated
to other debt of the consolidated holding company.
Both notes and debentures subordinated to deposits and
other subordinated notes and debentures of the holding
company are to be reported in Schedule HC, item 19(a),
‘‘Subordinated notes and debentures.’’
Subsidiaries: The treatment of subsidiaries in the FR
Y-9C depends upon the degree of ownership held by the
reporting holding company.
The term ‘‘subsidiary’’ is defined under Section 225. 2 of
Federal Reserve Regulation Y, which generally includes
companies 25 percent or more owned or controlled by
another company. For savings and loan holding companies the term ‘‘subsidiary,’’ is defined by Section 238.2
of Federal Reserve Regulation LL, which generally
includes companies more than 25 percent owned or
controlled by another company. However, for purposes of
the Consolidated Financial Statements for Holding Companies, a subsidiary is a company in which the parent
holding company directly or indirectly owns more than
50 percent of the outstanding voting stock.
An associated company is a corporation in which the
holding company, directly or indirectly, owns 20 to 50 percent of the outstanding voting stock and over which the
holding company exercises significant influence. This 20
to 50 percent ownership is presumed to carry ‘‘significant’’ influence unless the holding company can demonstrate the contrary to the satisfaction of the Federal
Reserve.
A corporate joint venture is a corporation owned and
operated by a group of companies (‘‘joint venturers’’), no
one of which has a majority interest, as a separate and
specific business or project for the mutual benefit of the
joint venturers. Each joint venturer may participate,
directly or indirectly, in the management of the joint
venture. An entity that is a majority-owned subsidiary
of one of the joint venturers is not a corporate joint
venture.
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Glossary
Certain subsidiaries (as specified in the General Instructions section of this book) must be consolidated on the
FR Y-9C. The equity ownership in subsidiaries that are
not consolidated on the FR Y-9C and in associated
companies is accounted for using the equity method of
accounting and is reported in Schedule HC, item 8,
“Investments in unconsolidated subsidiaries and associated companies.”
ASC Topic 860, Transfers and Servicing (formerly FASB
Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, as amended), governing whether these transfers
should be accounted for as a sale or a secured borrowing.
(See the Glossary entry for “transfers of financial assets.”)
Ownership in a corporate joint venture is to be treated in
the same manner as an associated company (defined
above) only to the extent that the equity share represents
significant influence over management. Otherwise, equity
holdings in a joint venture are treated as holdings of
corporate stock and income is recognized only when
distributed in the form of dividends.
Term Federal Funds: See “Federal funds transactions.”
“Super NOW” Account: See “Deposits.”
Suspense Accounts: Suspense accounts are temporary
holding accounts in which items are carried until they can
be identified and their disposition to the proper account
can be made. The items included in these accounts should
be reviewed and should be reported in the appropriate
accounts of the FR Y-9C.
Syndications: A syndication is a participation, usually
involving shares in a single loan, in which several
participants agree to enter into an extension of credit
under a bona fide binding agreement that provides that,
regardless of any even each participant shall fund and be
at risk only up to a specified percentage of the total
extension of credit or up to a specified dollar amount. In a
syndication, the participants agree to the terms of the
participation prior to the execution of the final agreement
and the contract is executed by the obligor and by all the
participants, although there is usually a lead institution
organizing or managing the credit. Large commercial and
industrial loans, large loans to finance companies, and
large foreign loans may be handled through such syndicated participations.
Each participant in the syndicate, including the lead bank
of the holding company, records its own share of the
participated loan and the total amount of the loan is not
entered on the books of one bank to be shared through
transfers of loans. Thus, the initial operation and distribution of this type of participation does not require a
determination as to whether a transfer that should be
accounted for as a sale has occurred. However, any
subsequent transfers of shares, or parts of shares, in the
syndicated loan would be subject to the provisions of
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Telephone Transfer Account: See “Deposits.”
Time Deposits: See “Deposits.”
Trade Date and Settlement Date Accounting: Transactions in securities and trading account assets (including
money market instruments) should be reported on the
basis of trade date accounting in accordance with generally accepted accounting principles. However, if the
reported amounts under settlement date accounting would
not be materially different from those under trade date
accounting, settlement date accounting is acceptable.
Whichever method a holding company elects should be
used consistently, unless the holding company has elected
settlement date accounting and subsequently decides to
change to the preferred trade date method.
Under trade date accounting, assets purchased shall be
recorded in the appropriate asset category on the trade
date and the holding company’s (or its consolidated
subsidiaries’) obligation to pay for those assets shall be
reported in “Other liabilities.” Conversely, when an asset
is sold, it shall be removed on the trade date from the
asset category in which it was recorded, and the proceeds
receivable resulting from the sale shall be reported in
“Other assets.” Any gain or loss resulting from such
transaction shall also be recognized on the trade date. On
the settlement date, disbursement of the payment or
receipt of the proceeds will eliminate the respective
“Other liability” or “Other asset” entry resulting from the
transaction.
Under settlement date accounting, assets purchased are
not recorded until settlement date. On the trade date, no
entries are made. Upon receipt of the assets on the
settlement date, the asset is reported in the proper asset
category and payment is disbursed. The selling holding
company (or its consolidated subsidiaries) on the trade
date, would make no entries. On settlement date, the
selling holding company would reduce the appropriate
asset category and reflect the receipt of the payment. Any
gain or loss resulting from such transaction would be
recognized on the settlement date.
Glossary
FR Y-9C
June 2015
Glossary
Trading Account: Trading activities typically include
(a) regularly underwriting or dealing in securities; interest rate, foreign exchange rate, commodity, equity, and
credit derivative contracts; other financial instruments;
and other assets for resale, (b) acquiring or taking
positions in such items principally for the purpose of
selling in the near term or otherwise with the intent to
resell in order to profit from short-term price movements,
and (c) acquiring or taking positions in such items as an
accommodation to customers, provided that acquiring or
taking such positions meets the definition of “trading” in
ASC Topic 320, Investments–Debt Securities, and ASC
Topic 815, Derivatives and Hedging, and the definition of
“trading purposes” in ASC Topic 815.
For purposes of the Consolidated Financial Statement for
Holding Companies, all debt securities within the scope
of ASC Topic 320, Investments-Debt and Equity Securities, that a holding company has elected to report at fair
value under a fair value option with changes in fair value
reported in current earnings should be classified as
trading securities.
In addition, for purposes of these reports, holding companies may classify assets (other than securities within the
scope of ASC Topic 320 for which a fair value option is
elected) and liabilities as trading if the holding company
applies fair value accounting, with changes in fair value
reported in current earnings, and manages these assets
and liabilities as trading positions, subject to the controls
and applicable regulatory guidance related to trading
activities.
For example, a holding company would generally not
classify a loan to which it has applied the fair value
option as a trading asset unless the holding company
holds the loan, which it manages as a trading position, for
one of the following purposes: (1) for market making
activities, including such activities as accumulating loans
for sale or securitization; (2) to benefit from actual or
expected price movements; or (3) to lock in arbitrage
profits.
All trading assets should be segregated from a holding
company’s other assets and reported in Schedule HC,
item 5, “Trading assets. In addition, holding companies
that reported average trading assets (Schedule HC-K,
item 4(a)) of $2 million or more in any of the four
preceding calendar quarters should detail the types of
assets and liabilities in the trading account in Schedule
HC-D, Trading Assets and Liabilities, and the levels
FR Y-9C
Glossary September 2021
within the fair value measurement hierarchy in which the
trading assets and liabilities fall in Schedule HC-Q,
Financial Assets and Liabilities Measured at Fair Value
on a Recurring Basis. A holding company’s failure to
establish a separate account for assets that are used for
trading purposes does not prevent such assets from being
designated as trading for purposes of this report. For
further information, see ASC Topic 320.
All trading account assets should be reported at their fair
value as defined by ASC Topic 820, Fair Value Measurement, with unrealized gains and losses recognized in
Schedule HI, item 5c, “Trading revenue.” When a security
or other asset is acquired, a holding company should
determine whether it intends to hold the asset for trading
or for investment (e.g., for debt securities, available-forsale or held-to-maturity). A holding company should not
record a newly acquired asset in a suspense account and
later determine whether it was acquired for trading or
investment purposes. Regardless of how a holding company categorizes a newly acquired asset, management
should document its decision.
All trading liabilities should be segregated from other
transactions and reported in Schedule HC, item 15,
“Trading liabilities.” The trading liability account includes
the fair value of derivative contracts held for trading that
are in loss positions and short positions arising from sales
of securities and other assets that the holding company
does not own, or sales of more of a security or other asset
than the holding company owns. (See the Glossary entry
for “short position.”) Trading account liabilities should
be reported at fair value as defined by ASC Topic 820
with unrealized gains and losses recognized in Schedule HI, item 5c, “Trading revenue.”
Given the nature of the trading account, transfers into or
from the trading category should be rare. Transfers
between a trading account and any other account of the
holding company must be recorded at fair value at the
time of the transfer. For a security transferred from the
trading category, the unrealized holding gain or loss at
the date of the transfer will already have been recognized
in earnings and should not be reversed. For a security
transferred into the trading category, the unrealized holding gain or loss at the date of the transfer should be
recognized in earnings.
Transaction Account: See “Deposits.”
Transfers of Financial Assets: The accounting and
reporting standards for transfers of financial assets are set
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Glossary
forth in ASC Topic 860, Transfers and Servicing. Holding companies must follow ASC Topic 860 for purposes
of these reports. ASC Topic 860 limits the circumstances
in which a financial asset, or a portion of a financial asset,
should be derecognized when the transferor has not
transferred the entire original financial asset or when the
transferor has continuing involvement with the transferred financial asset. ASC Topic 860 also defines a
‘‘participating interest’’ (which is discussed more fully
below) and collectively establish the accounting and
reporting standards for loan participations, syndications,
and other transfers of portions of financial assets. A
summary of these accounting and reporting standards
follows. For further information, see ASC Topic 860.
A financial asset is cash, evidence of an ownership
interest in another entity, or a contract that conveys to the
holding company a contractual right either to receive
cash or another financial instrument from another entity
or to exchange other financial instruments on potentially
favorable terms with another entity. Most of the assets on
a holding company’s balance sheet are financial assets,
including balances due from depository institutions, securities, federal funds sold, securities purchased under
agreements to resell, loans and lease financing receivables, and interest-only strips receivable.29 However,
servicing assets are not financial assets. Financial assets
also include financial futures contracts, forward contracts, interest rate swaps, interest rate caps, interest rate
floors, and certain option contracts.
A transferor is an entity that transfers a financial asset, an
interest in a financial asset, or a group of financial assets
that it controls to another entity. A transferee is an entity
that receives a financial asset, an interest in a financial
asset, or a group of financial assets from a transferor.
In determining whether a holding company has surrendered control over transferred financial assets, the holding company must first consider whether the entity to
which the financial assets were transferred would be
required to be consolidated by the holding company. If it
is determined that consolidation would be required by the
holding company, then the transferred financial assets
would not be treated as having been sold in the FR Y-9C
29. ASC Topic 860 defines an interest-only strip receivable as the
contractual right to receive some or all of the interest due on a bond,
mortgage loan, collateralized mortgage obligation, or other interest-bearing
financial asset.
GL-102
report even if all of the other provisions listed below are
met.30
Determining Whether a Transfer Should be Accounted
for as a Sale or a Secured Borrowing - A transfer of an
entire financial asset, a group of entire financial assets, or
a participating interest in an entire financial asset in
which the transferor surrenders control over those financial assets shall be accounted for as a sale if and only if
all of the following conditions are met:
(1) The transferred financial assets have been isolated
from the transferor, i.e., put presumptively beyond
the reach of the transferor and its creditors, even in
bankruptcy or other receivership. Transferred financial assets are isolated in bankruptcy or other receivership only if the transferred financial assets would
be beyond the reach of the powers of a bankruptcy
trustee or other receiver for the transferor or any of
its consolidated affiliates included in the financial
statements being presented. For multiple step transfers, an entity that is designed to make remote the
possibility that it would enter bankruptcy or other
receivership (bankruptcy-remote entity) is not considered a consolidated affiliate for purposes of performing the isolation analysis. Notwithstanding the
isolation analysis, each entity involved in the transfer
is subject to the applicable guidance on whether it
must be consolidated.
(2) Each transferee (or, if the transferee is an entity
whose sole purpose is to engage in securitization or
asset-backed financing activities and that entity is
constrained from pledging or exchanging the assets it
receives, each third-party holder of its beneficial
interest) has the right to pledge or exchange the
assets (or beneficial interests) it received, and no
condition both constrains the transferee (or thirdparty holder of its beneficial interests) from taking
advantage of its right to pledge or exchange and
provides more than a trivial benefit to the transferor.
(3) The transferor, its consolidated affiliates included in
the financial statements being presented, or its agents
do not maintain effective control over the transferred
financial assets or third-party beneficial interests
30. The requirements in ASC Subtopic 810-10 Consolidation–Overall
should be applied to determine when a variable interest entity should be
consolidated. For further information, refer to the Glossary entry for
“variable interest entity.”
Glossary
FR Y-9C
September 2020
Glossary
related to those transferred assets. Examples of a
transferor’s effective control over the transferred
financial assets include, but are not limited to (a) an
agreement that both entitles and obligates the
transferor to repurchase or redeem the transferred
financial assets before their maturity, (b) an agreement that provides the transferor with both the
unilateral ability to cause the holder to return specific
financial assets and a more-than-trivial benefit attributable to that ability, other than through a cleanup
call, or (c) an agreement that permits the transferee to
require the transferor to repurchase the transferred
financial assets at a price that is so favorable to the
transferee that it is probable that the transferee will
require the transferor to repurchase them.
If a transfer of an entire financial asset, a group of entire
financial assets, or a participating interest in an entire
financial asset does not meet the conditions for sale
treatment, or if a transfer of a portion of an entire
financial interest does not meet the definition of a participating interest (discussed below), the transferor and the
transferee shall account for the transfer as a secured
borrowing with pledge of collateral. The transferor shall
continue to report the transferred financial assets in its
financial statements with no change in their measurement
(i.e., the original basis of accounting for the transferred
financial assets is retained).
Accounting for a Transfer of an Entire Financial Asset or
a Group of Entire Financial Assets That Qualifies as a
Sale31 - Upon the completion of a transfer of an entire
financial asset or a group of entire financial assets that
satisfies all three of the conditions to be accounted for as
a sale, the transferee(s) (i.e., purchaser(s)) must recognize all assets obtained and any liabilities incurred and
initially measure them at fair value. The transferor (seller)
should:
(1) Derecognize or remove the transferred financial
assets from the balance sheet.
(2) Recognize and initially measure at fair value servicing assets, servicing liabilities, and any other assets
obtained (including a transferor’s beneficial interest
31. The guidance in this section of this Glossary entry does not apply to
a transfer of a participating interest in an entire financial asset that qualifies
as a sale. The accounting for such a transfer is discussed in a separate
section later in this Glossary entry.
FR Y-9C
Glossary September 2020
in the transferred financial assets) and liabilities
incurred in the sale.
(3) Recognize in earnings any gain or loss on the sale.
If, as a result of a change in circumstances, a holding
company transferor regains control of a transferred financial asset after a transfer that was previously accounted
for as a sale because one or more of the conditions for
sale accounting in ASC Topic 860 are no longer met or a
transferred portion of an entire financial asset no longer
meets the definition of a participating interest, such a
change generally should be accounted for in the same
manner as a purchase of the transferred financial asset
from the former transferee (purchaser) in exchange for a
liability assumed. The transferor should recognize
(rebook) the financial asset on its balance sheet together
with a liability to the former transferee, measuring the
asset and liability at fair value on the date of the change
in circumstances. If the rebooked financial asset is a loan,
it must be reported as a loan in Schedule HC-C, either as
a loan held for sale or a loan held for investment, based
on facts and circumstances, in accordance with generally
accepted accounting principles. The liability to the former transferee should be reported as a secured borrowing
in Schedule HC, item 16, ‘‘Other borrowings.’’ This
accounting and reporting treatment applies, for example,
to U.S. Government-guaranteed or -insured residential
mortgage loans backing Government National Mortgage
Association (GNMA) mortgage-backed securities that a
holding company services after it has securitized the
loans in a transfer accounted for as a sale. If and when
individual loans later meet delinquency criteria specified
by GNMA, they are eligible for repurchase (buy-back)
and the holding company is deemed to have regained
effective control over these loans. The delinquent loans
must be brought back onto the holding company’s books
and recorded as loans, regardless of whether the holding
company intends to exercise the buy-back option.
Holding companies should refer to ASC Topic 860 for
implementation guidance for accounting for transfers of
certain lease receivables, securities lending transactions,
repurchase agreements including “dollar rolls,” “wash
sales,” loan syndications, loan participations (discussed
below), risk participations in bankers acceptances, factoring arrangements, and transfers of receivables with
recourse. However, these standards do not provide guidance on the accounting for most assets and liabilities
recorded on the balance sheet following a transfer
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Glossary
accounted for as a sale. As a result, after their initial
measurement or carrying amount allocation, these assets
and liabilities should be accounted for in accordance with
the existing generally accepted accounting principles
applicable to them.
Participating Interests — Before considering whether
the conditions to be accounted for as a sale have been met
(as discussed above), the transfer of a portion of an entire
financial asset must first meet the definition of a participating interest. If the transferred portion of the entire
financial asset is a qualifying participating interest (as
defined below), then it should be determined whether the
transfer of the participating interest meets the sales
conditions discussed above. A participating interest in an
entire financial asset, as defined by ASC Topic 860, has
all of the following characteristics:
(1) From the date of the transfer, it must represent a
proportionate (pro rata) ownership interest in an
entire financial asset;
(2) From the date of the transfer, all cash flows received
from the entire financial asset, except any cash flows
allocated as compensation for servicing or other
services performed (which must not be subordinated
and must not significantly exceed an amount that
would fairly compensate a substitute service provider
should one be required), must be divided proportionately among the participating interest holders in an
amount equal to their share of ownership;
(3) The rights of each participating interest holder (including the lead lender) must have the same priority, no
interest is subordinated to another interest, and no
participating interest holder has recourse to the lead
lender or another participating interest holder other
than standard representations and warranties and
ongoing contractual servicing and administration
obligations; and
(4) No party has the right to pledge or exchange the
entire financial asset unless all participating interest
holders agree to do so.
Thus, under ASC Topic 860, so-called ‘‘last-in, first-out’’
(LIFO) participations in which all principal cash flows
collected on the loan are paid first to the party acquiring
the participation do not meet the definition of a participating interest. Similarly, so-called ‘‘first-in, first-out’’
(FIFO) participations in which all principal cash flows
collected on the loan are paid first to the lead lender do
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not meet the definition of a participating interest. As a
result, neither LIFO nor FIFO participations transferred
on or after the beginning of a holding company’s first
annual reporting period that begins after November 15,
2009 (i.e., January 1, 2010, for a holding company with a
calendar year fiscal year) will qualify for sale accounting
and instead must be reported as secured borrowings.
The participating interest definition also applies to transfers of government-guaranteed portions of loans, such as
those guaranteed by the Small Business Administration
(SBA). In this regard, for a transfer of the guaranteed
portion of an SBA loan at a premium that settled before
February 15, 2011, the “seller” was obligated by the SBA
to refund the premium to the “purchaser” if the loan was
repaid within 90 days of the transfer. This premium
refund obligation was a form of recourse, which meant
that the transferred guaranteed portion of the loan did not
meet the definition of a “participating interest” for the
90-day period that the premium refund obligation existed.
As a result, the transfer was required to be accounted for
as a secured borrowing during this period. After the
90-day period, assuming the transferred guaranteed portion and the retained unguaranteed portion of the SBA
loan then met the definition of a “participating interest,”
the transfer of the guaranteed portion could be accounted
for as a sale if all of the conditions for sale accounting
were met. In contrast, for transfers of guaranteed portions
of SBA loans at a premium that settled on or after
February 15, 2011, the SBA has eliminated the premium
refund requirement. With the elimination of the premium
refund obligation from such transfers, the transferred
guaranteed portion and the retained unguaranteed portion
of the SBA loan should normally meet the definition of a
“participating interest” on the transfer date. Assuming
the definition of “participating interest” is met and all of
the conditions for sale accounting are met, the transfer of
the guaranteed portion of an SBA loan at a premium on
or after February 15, 2011, would qualify as a sale on the
transfer date. The conditions for sale accounting are
described above under “Determining Whether a Transfer
Should be Accounted for as a Sale or a Secured Borrowing” in this Glossary entry.
In contrast, if the guaranteed portion of the SBA loan is
transferred at par in a so-called ’’par sale’’ in which the
’’seller’’ agrees to pass interest through to the ’’purchaser’’
at less than the contractual interest rate and the spread
between the contractual rate and the pass-through interest
rate significantly exceeds an amount that would fairly
Glossary
FR Y-9C
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Glossary
compensate a substitute servicer, the excess spread is
viewed as an interest-only strip. The existence of this
interest-only strip results in a disproportionate sharing of
the cash flows on the entire SBA loan, which means that
the transferred guaranteed portion and the retained
unguaranteed portion of the SBA loan do not meet the
definition of a ’’participating interest,’’ which precludes
sale accounting. Instead, the transfer of the guaranteed
portion must be accounted for as a secured borrowing.
Accounting for a Transfer of a Participating Interest That
Qualifies as a Sale — Upon the completion of a transfer
of a participating interest that satisfies all three of the
conditions to be accounted for as a sale, the participating
institution(s) (the transferee(s)) shall recognize the participating interest(s) obtained, other assets obtained, and
any liabilities incurred and initially measure them at fair
value. The originating lender (the transferor) must:
(1) Allocate the previous carrying amount of the entire
financial asset between the participating interest(s)
sold and the participating interest that it continues to
hold based on their relative fair values at the date of
the transfer.
its right to pledge or exchange the participating interest.
However, if the participation agreement constrains the
participating institution from pledging or exchanging its
participating interest, the originating lender presumptively receives more than a trivial benefit, has not relinquished control over the participating interest, and should
account for the transfer of the participating interest as a
secured borrowing.
A loan participation agreement may give the originating
lender the contractual right to repurchase a participating
interest at any time. In this situation, the right to repurchase is effectively a call option on a specific participating interest, i.e., a participating interest that is not readily
obtainable in the marketplace. Regardless of whether this
option is freestanding or attached, it either constrains the
participating institution from pledging or exchanging its
participating interest or results in the originating lender
maintaining effective control over the participating interest. As a consequence, the contractual right to repurchase
precludes sale accounting and the transfer of the participating interest should be accounted for as a secured
borrowing, not as a sale.
(5) Report any participating interest(s) that continue to
be held by the originating lender as the difference
between the previous carrying amount of the entire
financial asset and the amount derecognized.
In addition, under a loan participation agreement, the
originating lender may give the participating institution
the right to resell the participating interest, but reserves
the right to call the participating interest at any time from
whoever holds it and can enforce that right by discontinuing the flow of interest to the holder of the participating
interest at the call date. In this situation, the originating
lender has maintained effective control over the participating interest and the transfer of the participating interest should be accounted for as a secured borrowing, not
as a sale.
Additional Considerations Pertaining to Participating
Interests — When evaluating whether the transfer of a
participating interest in an entire financial asset satisfies
the conditions for sale accounting under ASC Topic 860,
an originating lender’s right of first refusal on a bona fide
offer to the participating institution from a third party, a
requirement for a participating institution to obtain the
originating lender’s permission to sell or pledge the
participating interest that shall not be unreasonably withheld, or a prohibition on the participating institution’s
sale of the participating interest to the originating lender’s competitor (if other potential willing buyers exist) is
a limitation on the participating institution’s rights, but is
presumed not to constrain a participant from exercising
If an originating FDIC-insured lender transfers a loan
participation with recourse after December 31, 2001, the
participation generally will not be considered isolated
from the transferor, i.e., the originating lender, in the
event of an FDIC receivership. Section 360.6 of the
FDIC’s regulations limits the FDIC’s ability to reclaim
loan participations transferred ‘‘without recourse,’’ as
defined in the regulations, but does not limit the FDIC’s
ability to reclaim loan participations transferred with
recourse. Under Section 360.6, a participation that is
subject to an agreement that requires the originating
lender to repurchase the participation or to otherwise
compensate the participating institution due to a default
on the underlying loan is considered a participation
(2) Derecognize the participating interest(s) sold.
(3) Recognize and initially measure at fair value servicing assets, servicing liabilities, and any other assets
obtained and liabilities incurred in the sale.
(4) Recognize in earnings any gain or loss on the sale.
FR Y-9C
Glossary June 2015
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Glossary
‘‘with recourse.’’ As a result, a loan participation transferred ‘‘with recourse’’ after December 31, 2001, generally should be accounted for as a secured borrowing and
not as a sale for financial reporting purposes. This means
that the originating lender should not remove the participation from its loan assets on the balance sheet, but
should report the secured borrowing in Schedule HC,
item 16, ‘‘Other borrowings.’’
Reporting Transfers of Loan Participations That Do Not
Qualify for Sale Accounting — If a transfer of a portion
of an entire financial asset does not meet the definition of
a participating interest, or if a transfer of a participating
interest does not meet all of the conditions for sale
accounting under ASC Topic 860, the transfer must be
reported as a secured borrowing with pledge of collateral.
In these situations, because the transferred loan participation does not qualify for sale accounting under ASC
Topic 860, the originating lender must continue to report
the transferred participation (as well as the retained
portion of the loan) as a loan on the balance sheet
(Schedule HC), normally in item 4(b), ‘‘Loans and
leases, held for investment,’’ and in the appropriate loan
category in Schedule HC-C, Loans and Lease Financing
Receivables. The originating lender should report the
transferred loan participation as a secured borrowing on
the balance sheet in Schedule HC, item 16, ‘‘Other
borrowed money,’’ and in the appropriate subitem or
subitems in Schedule HC-M, item 14, ‘‘Other borrowed
money;’’ in Schedule HC-M, item 23(b), ‘‘Amount of
’Other borrowings’ that are secured;’’ and in Schedule
HC-C, Memorandum item 14, ‘‘Pledged loans and leases.’’
As a consequence, the transferred loan participation
should be included in the originating lender’s loans and
leases for purposes of determining the appropriate level
for the lender’s allowance for loan and lease losses (or
allowance for credit losses, if the institution has adopted
ASC Topic 326, Financial Instruments - Credit Losses).
A holding company that acquires a nonqualifying loan
participation (or a qualifying participating interest in a
transfer that does not does not meet all of the conditions
for sale accounting) should normally report the loan
participation or participating interest in item 4(b), ‘‘Loans
and leases, held for investment,’’ on the balance sheet
(Schedule HC) and in the loan category appropriate to the
underlying loan, e.g., as a ‘‘commercial and industrial
loan’’ in item 4 or as a ‘‘loan secured by real estate’’ in
item 1, in Schedule HC-C, Loans and Lease Financing
Receivables. Furthermore, for risk-based capital purGL-106
poses, the acquiring holding company should assign the
loan participation or participating interest to the riskweight category appropriate to the underlying borrower
or, if relevant, the guarantor or the nature of the collateral.
Purchased Loans Originated By Others- Some holding
companies have entered into various residential mortgage
loan purchase programs. These programs often function
like traditional warehouse lines of credit; however, in
some cases, the mortgage loan transfers are legally
structured as purchases by the holding company rather
than as pledges of collateral to secure the funding. Under
these programs, a holding company provides funding to a
mortgage loan originator while simultaneously obtaining
an interest in the mortgage loans subject to a takeout
commitment. A takeout commitment is a written commitment from an approved investor (generally, an unrelated
third party) to purchase one or more mortgage loans from
the originator.
Although the facts and circumstances of each program
must be carefully evaluated to determine the appropriate
accounting, an institution should generally account for a
mortgage purchase program with continuing involvement
by the originator, including takeout commitments, as a
secured borrowing with pledge of collateral, i.e., a loan to
the originator secured by the residential mortgage loans,
rather than a purchase of mortgage loans.
When loans obtained in a mortgage purchase program do
not qualify for sale accounting, the financing provided to
the originator (if not held for trading purposes) should be
reported in Schedule HC-C, Part I, item 9.a, “Loans to
nondepository financial institutions,” and on the balance
sheet in Schedule HC, item 4.a, “Loans and leases held
for sale,” or item 4.b, “Loans and leases, net of unearned
income,” as appropriate. For risk-based capital purposes,
a loan to a mortgage loan originator secured by residential mortgages that is reported in Schedule HC-C, Part I,
item 9.a, should be assigned a 100 percent risk weight, or
if relevant, the risk weight category appropriate to the
exposure as discussed in the regulatory capital rules, and
included in the appropriate column of Schedule HC-R,
Part II, item 4.d or 5.d, based on its balance sheet
classification.
In situations where the transaction between the mortgage
loan originator and the transferee (acquiring) holding
company is accounted for as a secured borrowing with
pledge of collateral, the transferee (acquiring) holding
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FR Y-9C
June 2020
Glossary
company’s designation of the financing provided to the
originator as held for sale is appropriate only when the
conditions in ASC Subtopic 310-10, Receivables - Overall, and the 2001 Interagency Guidance on Certain Loans
Held for Sale have been met. In these situations, the
mortgage loan originator’s planned sale of the pledged
collateral (i.e., the individual residential mortgage loans)
to a takeout investor is not relevant to the transferee
institution’s designation of the loan to the originator as
held for investment or held for sale. In situations where
the transferee institution simultaneously extends a loan to
the originator and transfers an interest (for example, a
participation interest) in the loan to the originator to
another party, the transfer to the other party also should
be evaluated to determine whether the conditions in ASC
Topic 860 for sale accounting treatment have been met. If
this transfer qualifies to be accounted for as a sale, the
portion of the loan to the originator that is retained by the
transferee institution should be classified as held for
investment when the transferee has the intent and ability
to hold that portion for the foreseeable future or until
maturity or payoff (which is generally in the near term).
Financial Assets Subject to Prepayment — Financial
assets such as interest-only strips receivable, other beneficial interests, loans, debt securities, and other receivables, but excluding financial instruments that must be
accounted for as derivatives, that can contractually be
prepaid or otherwise settled in such a way that the holder
of the financial asset would not recover substantially all
of its recorded investment do not qualify to be accounted
for at amortized cost. After their initial recording on the
balance sheet, financial assets of this type must be
subsequently measured at fair value like available-forsale securities or trading securities.
Traveler’s Letter of Credit: See ‘‘Letter of credit.’’
Treasury Stock: Treasury stock is stock that the holding
company has issued and subsequently acquired, but that
has not been retired or resold. As a general rule, treasury
stock is to be carried at cost and is a deduction from a
holding company’s total equity capital.
For purposes of this report, the carrying value of treasury
stock should be reported (as a negative number) in
Schedule HC, item 26(c), “Other equity capital components.”
“Gains” and “losses” on the sale, retirement, or other
disposal of treasury stock are not to be reported in
Schedule HI, Income Statement, but should be reflected
FR Y-9C
Glossary September 2020
in Schedule HI-A, items 7 and 8, “Sale of treasury stock,”
and “Purchase of treasury stock.” Such gains and losses,
as well as the excess of the cost over the par value of
treasury stock carried at par, are generally to be treated as
adjustments to Schedule HC, item 25, “Surplus.”
For further information, see ASC Subtopic 505-30,
Equity – Treasury Stock.
Troubled Debt Restructuring: The accounting standards for troubled debt restructurings are set forth in ASC
Subtopic 310-40, Receivables – Troubled Debt Restructurings by Creditors (formerly FASB Statement No. 15,
Accounting by Debtors and Creditors for Troubled Debt
Restructurings, as amended by FASB Statement No. 114,
Accounting by Creditors for Impairment of a Loan) and,
for holding companies that have adopted ASC Topic 326,
Financial Instruments -Credit Losses, in ASC Topic 326.
Holding companies should refer to the Glossary entries
for “allowance for loan and lease losses” and “allowance
for credit losses,” as applicable, when considering measurement of the allowance for loan losses or allowance
for credit losses (allowance, when used interchangeably)
for TDRs.
A troubled debt restructuring (TDR) is a restructuring in
which a holding company, for economic or legal reasons
related to a borrower’s financial difficulties, grants a
concession to the borrower that it would not otherwise
consider. The restructuring of a loan or other debt
instrument (hereafter referred to collectively as a ‘‘loan’’)
may include, but is not necessarily limited to: (1) the
transfer from the borrower to the institution of real estate,
receivables from third parties, other assets, or an equity
interest in the borrower in full or partial satisfaction of
the loan (see the Glossary entry for ‘‘foreclosed assets’’
for further information), (2) a modification of the loan
terms, such as a reduction of the stated interest rate,
principal, or accrued interest or an extension of the
maturity date at a stated interest rate lower than the
current market rate for new debt with similar risk, or (3) a
combination of the above. A loan extended or renewed at
a stated interest rate equal to the current interest rate for
new debt with similar risk is not to be reported as a
restructured troubled loan. Modifications of loans should
be evaluated to determine if a TDR exists in totality. In
some instances a borrower may have been able to add
additional collateral or a guarantor to a loan which fully
compensates for a concession made by the holding
company.
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Glossary
See the Glossary entry for ‘‘nonaccrual status’’ for a
discussion of the conditions under which a nonaccrual
asset which has undergone a troubled debt restructuring
(including those that involve a multiple note structure)
may be returned to accrual status.
A TDR in which a holding company receives physical
possession of the borrower’s assets, should be accounted
for in accordance with ASC Subtopic 310-40. Thus, in
such situations, the loan should be treated as if assets
have been received in satisfaction of the loan and reported
as described in the Glossary entry for ‘‘foreclosed
assets.’’
A TDR may include both a modification of terms and the
acceptance of property in partial satisfaction of the loan.
The accounting for such a restructuring is a two-step
process: (i) the recorded amount (or amortized cost basis
if the holding company has adopted ASC Topic 326) of
the loan is reduced by the fair value (less cost to sell, if
appropriate) of the property received, and (ii) the holding
company should measure any impairment (or expected
credit losses if the holding company has adopted ASC
Topic 326) on the remaining recorded balance, or amortized cost basis, as applicable, of the restructured loan in
accordance with ASC Topic 310 (or ASC Subtopic
326-20 if the holding company has adopted ASC Topic
326) and record any related allowance.
A TDR may involve the substitution or addition of a new
debtor for the original borrower. The treatment of these
situations depends upon their substance. Restructurings
in which the substitute or additional debtor controls, is
controlled by, or is under common control with the
original borrower, or performs the custodial function of
collecting certain of the original borrower’s funds, should
be accounted for as modifications of terms. Restructurings in which the substitute or additional debtor does not
have a control or custodial relationship with the original
borrower should be accounted for as a receipt of a ″new″
loan in full or partial satisfaction of the original borrower’s loan. The ″new″ loan should be recorded at its
fair value.
A credit analysis should be performed for a TDR in
conjunction with its restructuring to determine its collectibility and estimated allowance. When available information confirms that a specific TDR, or a portion thereof, is
uncollectible, the uncollectible amount should be charged
off against the allowance at the time of the restructuring.
As is the case for all loans, the credit quality of restrucGL-108
tured loans should be regularly reviewed. The holding
company should periodically evaluate the collectibility of
the TDR so as to determine whether any additional
amounts should be charged to the allowance, or, if the
restructuring involved a financial asset other than a loan,
to another appropriate account.
Once an obligation has been restructured in a TDR, it
continues to be considered a TDR until paid in full or
otherwise settled, sold, or charged off (or meets the
conditions discussed below under “Accounting for a
Subsequent Restructuring of a Troubled Debt Restructuring”). The loan must be reported in the appropriate loan
category in Schedule HC-C, items 1 through 9, and in the
appropriate loan category in:
• Schedule HC-C, Memorandum item 1, if it is in
compliance with its modified terms, or
• Schedule HC-N, items 1 through 7, and Memorandum
item 1, if it is not in compliance with its modified
terms.
However, for a loan that is a TDR for which the
concession did not include a reduction of principal, if the
restructuring agreement specifies a contractual interest
rate that is a market interest at the time of the restructuring and the loan is in compliance with its modified terms,
the loan need not continue to be reported as a troubled
debt restructuring in Schedule HC-C, Memorandum item
1, in calendar years after the year in which the restructuring took place. A market interest rate is a contractual
interest rate that at the time of the restructuring is greater
than or equal to the rate that the institution was willing to
accept for a new loan with comparable risk. To be
considered in compliance with its modified terms, a loan
that is a TDR must be in accrual status and must be
current or less than 30 days past due on its contractual
principal and interest payments under the modified repayment terms.
Accounting for a Subsequent Restructuring of a TDR:
When a loan has previously been modified in a TDR, the
lending institution and the borrower may subsequently
enter into another restructuring agreement. The facts and
circumstances of each subsequent restructuring of a TDR
loan should be carefully evaluated to determine the
appropriate accounting by the institution under U.S.
GAAP. Under certain circumstances it may be acceptable
not to report for the subsequently restructured loan as a
Glossary
FR Y-9C
September 2020
Glossary
TDR. The Federal Reserve will not object to an institution no longer treating such a loan as a TDR if at the time
of the subsequent restructuring the borrower is not
experiencing financial difficulties and, under the terms of
the subsequent restructuring agreement, no concession
has been granted by the institution to the borrower. To
meet these conditions for removing the TDR designation,
the subsequent restructuring agreement must specify
market terms, including a contractual interest rate not
less than a market interest rate for new debt with similar
credit risk characteristics and other terms no less favorable to the institution than those it would offer for such
new debt. When determining whether the borrower is
experiencing financial difficulties, the institution’s assessment of the borrower’s financial condition and prospects
for repayment after the restructuring should be supported
by a recurrent, well-documented credit evaluation performed at the time of the restructuring. When assessing
whether a concession has been granted by the institution,
the agencies consider any principal forgiveness on a
cumulative basis to be a continuing concession. Accordingly, a TDR loan with any principal forgiveness would
retain the TDR designation after subsequent restructurings.
If at the time of the subsequent restructuring the institution appropriately demonstrates that a loan meets the
conditions discussed above the loan need no longer be
disclosed as a TDR in the FR Y-9C. The recorded
investment or amortized cost basis, as applicable, should
not change at the time of the subsequent restructuring
(unless cash is advanced or received). When there have
been charge-offs prior to the subsequent restructuring,
consistent with FR Y-9C instructions, any expected
recoveries of amounts previously charged off are not
added to the recorded investment in, or the amortized
cost basis of, the TDR, as applicable. For holding companies that have not adopted ASC Topic 326, no recoveries should be recognized until collections on amounts
previously charged off have been received. For holding
companies that have adopted ASC Topic 326, expected
recoveries of amounts previously charged off should be
considered as part of the allowance estimate but are not
included in the amortized cost basis of the TDR. Similarly, if interest payments were applied to the recorded
investment in the TDR loan prior to the subsequent
restructuring, the application of these payments to the
recorded investment should not be reversed nor reported
as interest income at the time of the subsequent restructuring.
FR Y-9C
Glossary March 2020
If the TDR designation is removed from a loan that meets
the conditions discussed above and the loan is later
modified in a TDR, the loans should be reported as a
TDR.
Measurement of Impairment on a TDR when ASC Topic
326 Has Not Been Adopted – This section of this
Glossary entry applies to holding companies that have
not adopted ASC Topic 326. Holding companies that
have adopted ASC Topic 326 should refer to the “Measurement of Expected Credit Losses on a TDR when
ASC Topic 326 Has Been Adopted” section below.
All loans whose terms have been modified in a TDR,
including both commercial and retail loans, are impaired
loans. Therefore, a holding company should measure any
impairment on the restructured loan in accordance with
ASC Topic 310, Receivables, and should refer to the
Glossary entry for “loan impairment.”
A holding company measuring the allowance on a TDR
that is not collateral dependent using the present value of
expected future cash flows method (i.e., discounted cash
flow method) should discount the cash flows using the
effective interest rate of the original or modified loan
prior to the restructuring that resulted in the TDR classification. For a residential mortgage loan with a “teaser”
or starter rate that is less than the loan’s fully indexed
rate, the starter rate is not the original effective interest
rate. ASC Topic 310 also permits a holding company to
aggregate impaired loans that have risk characteristics in
common with other impaired loans, such as modified
residential mortgage loans that represent TDRs, and use
historical statistics along with a composite effective
interest rate as a means of measuring the impairment of
these loans.
For a subsequently restructured TDR, if at the time of the
subsequent restructuring the holding company appropriately determines that the loan no longer meets the
conditions discussed above, the impairment on the loan
need no longer be measured as a TDR (i.e., as an
impaired loan) in accordance with ASC Topic 310 and
the Glossary entry for “loan impairment.” Accordingly,
going forward, the loan’s allowance should be measured
under ASC Subtopic 450-20, Contingencies – Loss Contingencies.
For a subsequently restructured TDR on which there was
principal forgiveness and therefore does not meet the
conditions discussed above, the impairment on the TDR
GL-109
Glossary
should continue to be measured as a TDR (i.e., as an
impaired loan) in accordance with ASC Topic 310.
Measurement of Expected Credit Losses on a TDR when
ASC Topic 326 Has Been Adopted – This section of this
Glossary entry applies to holding companies that have
adopted ASC Topic 326. Holding companies that have
not adopted ASC Topic 326 should continue to refer to
the “Measurement of Impairment on a TDR when ASC
Topic 326 Has Not Been Adopted” section above.
A holding company should measure any expected credit
losses on loans whose terms have been modified in a
TDR in accordance with ASC Topic 326 as set forth in
the Glossary entry for ″allowance for credit losses.″ ASC
Topic 326 allows a holding company to use any appropriate loss estimation method to estimate ACLs for TDRs.
However, there are circumstances when specific measurement methods are required. For purposes of the Consolidated Reports of Condition and Income, if a TDR, or a
loan for which a TDR is reasonably expected, is collateraldependent, the ACL must be estimated using the fair
value of collateral.
A holding company measuring the allowance on a TDR,
or a pool of TDRs with shared risk characteristics, using
the present value of expected future cash flow method
(i.e., discounted cash flow method) should discount the
cash flows using the effective interest rate of the original
or modified loan prior to the restructuring that resulted in
the TDR classification. For a residential mortgage loan
with a “teaser” or starter rate that is less than the loan’s
fully indexed rate, the starter rate is not the original
effective interest rate.
When there is a reasonable expectation of executing a
TDR or if a TDR has been executed, the expected effect
of the modification (e.g., a term extension or an interest
rate concession) is included in the estimate of the allowance.
If the TDR designation is removed from a loan balance
when it is appropriate for the loan to no longer be
reported as a TDR, given the change in the loan’s risk
characteristics, the holding company should determine
whether the loan should be included in a pool of loans
with similar risk characteristics for allowance measurement purposes or evaluated for expected credit losses on
an individual basis.
See also the Glossary entries for “allowance for credit
losses” or “allowance for loan and lease losses,” as
GL-110
applicable, “amortized cost basis,” and “foreclosed
assets.”
Trust Preferred Securities as Investments: As holding
company investments, trust preferred securities are hybrid
instruments possessing characteristics typically associated with debt obligations. Although each issue of these
securities may involve minor differences in terms, under
the basic structure of trust preferred securities a corporate
issuer, such as a holding company, first organizes a
business trust or other special purpose entity. This trust
issues two classes of securities: common securities, all of
which are purchased and held by the corporate issuer, and
trust preferred securities, which are sold to investors. The
business trust’s only assets are deeply subordinated
debentures of the corporate issuer, which the trust purchases with the proceeds from the sale of its common and
preferred securities. The corporate issuer makes periodic
interest payments on the subordinated debentures to the
business trust, which uses these payments to pay periodic
dividends on the trust preferred securities to the investors. The subordinated debentures have a stated maturity
and may also be redeemed under other circumstances.
Most trust preferred securities are subject to mandatory
redemption upon the repayment of the debentures.
Trust preferred securities meet the definition of a security
in ASC Topic 320, Investments-Debt Securities, and in
ASC Topic 321, Investments-Equity Securities. Because
of the mandatory redemption provision in the typical
trust preferred security, investments in trust preferred
securities would normally be considered debt securities
for financial accounting purposes. Accordingly, regardless of the authority under which a holding company is
permitted to invest in trust preferred securities, holding
companies should report these investments as debt securities for purposes of these reports (unless, based on the
specific facts and circumstances of a particular issue of
trust preferred securities, the securities would be considered equity under ASC Topic 321, rather than debt
securities under ASC Topic 320). If not held for trading
purposes, trust preferred securities issued by U.S. business trusts should be reported in Schedule HC-B,
item 6(a), “Other domestic debt securities.” If not held
for trading purposes, an investment in a structured financial product, such as a collateralized debt obligation, for
which the underlying collateral is a pool of trust preferred
securities issued by U.S. business trusts should be
Glossary
FR Y-9C
March 2020
Glossary
reported in Schedule HC-B, item 5(b), “Structure financial products,” and in the appropriate subitem of Schedule HC-B, Memorandum item 6, “Structured financial
products by underlying collateral or reference assets.”
Trust Preferred Securities Issued: Trust preferred securities are marketed under a variety of names including
MIPS (‘‘Monthly Income Preferred Securities’’), QUIPS
(‘‘Quarterly Income Preferred Securities’’) and TOPrS
(‘‘Trust Originated Preferred Securities’’). These securities are generally issued out of special purpose entities
whose voting common stock is wholly owned by the
parent holding company. The proceeds from the issuance
of these securities are lent to the holding company in the
form of a very long term, deeply subordinated note.
Under GAAP, the special purpose entity may either be a
consolidated subsidiary of the holding company or a
deconsolidated entity that qualifies as an unconsolidated
subsidiary of the holding company for regulatory reporting and other regulatory purposes.
Holding companies seeking to issue such securities
should consult with their Federal Reserve Bank. Under
the revised regulatory capital rule, TruPS are generally
considered non-qualifying capital instruments that must
be phased-out of tier 1 capital (see instructions for HC-R,
Part I, items 20, 21, 27, and 28). Note that the rule
permanently grandfathers non-qualifying capital instruments in the tier 1 capital of depository institution
holding companies with total consolidated assets of less
than $15 billion as of December 31, 2009, and 2010
Mutual Holding Companies (subject to limits and additional requirements in case of mergers and acquisitions).
Nonqualifying capital instruments under the rule include
TruPS and cumulative perpetual preferred stock issued
before May 19, 2010, that BHCs included in tier 1 capital
under the limitations for restricted capital elements in the
general risk-based capital rules.
For purposes of reporting on the FR Y-9C, trust preferred
securities issued by a consolidated subsidiary should be
reported in Schedule HC, item 19(b).
For special purpose entities that issue trust preferred
securities and the entity is not consolidated, report the
amount of subordinated notes payable by the holding
company to the unconsolidated special purpose entity in
Schedule HC, item 19(b).
U.S. Banks: See ‘‘Banks, U.S. and foreign.’’
FR Y-9C
Glossary September 2020
U.S. Territories and Possessions: United States territories and possessions include American Samoa, Guam, the
Northern Mariana Islands, and the U.S. Virgin Islands.
Valuation Allowance: A valuation allowance is an
account established against a specific asset category, or to
recognize a specific liability, with the intent of absorbing
some element of estimated loss. Such allowances are
created by charges to expense in the Report of Income for
Holding Companies and are netted from the asset accounts
to which they relate for presentation in the Consolidated
Balance Sheet in the FR Y-9C. Provisions establishing or
augmenting such allowances are to be reported as ‘‘Other
noninterest expense’’ except for the provision for loan and
lease losses and the provision for allocated transfer risk for
which separate, specifically designated income statement
items have been established on Schedule HI.
Variable Interest Entity: A variable interest entity
(VIE), as described in ASC Subtopic 810-10, Consolidation – Overall, is an entity in which equity investors do
not have sufficient equity at risk for that entity to finance
its activities without additional subordinated financial
support or, as a group, the holders of the equity investment at risk lack one or more of the following three
characteristics: (a) the power, through voting rights or
similar rights, to direct the activities of an entity that most
significantly impact the entity’s economic performance,
(b) the obligation to absorb the expected losses of the
entity, or (c) the right to receive the expected residual
returns of the entity.
Variable interests in a VIE are contractual, ownership, or
other pecuniary interests in an entity that change with
changes in the fair value of the entity’s net assets
exclusive of variable interests. For example, equity ownership in a VIE would be a variable interest as long as the
equity ownership is considered to be at risk of loss.
ASC Subtopic 810-10 provides guidance for determining
when a holding company or other company must consolidate certain special purposes entities, such as VIEs.
Under ASC Subtopic 810-10, a holding company must
perform a qualitative assessment to determine whether it
has a controlling financial interest in a VIE. This must
include an assessment of the characteristics of the holding company’s variable interest or interests and other
involvements (including involvement of related parties
and de facto agents), if any, in the VIE, as well as the
involvement of other variable interest holders. The
assessment must also consider the entity’s purpose and
GL-111
Glossary
design, including the risks that the entity was designed to
create and pass through to its variable interest holders. In
making this assessment, only substantive terms, transactions, and arrangements, whether contractual or noncontractual, are to be considered. Any term, transaction, or
arrangement that does not have a substantive effect on an
entity’s status as a VIE, the holding company’s power
over a VIE, or the holding company’s obligation to
absorb losses or its right to receive benefits of the VIE are
to be disregarded when applying the provisions of ASC
Subtopic 810-10.
If a holding company has a controlling financial interest
in a VIE, it is deemed to be the primary beneficiary of the
VIE and, therefore, must consolidate the VIE. An entity
is deemed to have a controlling financial interest in a VIE
if it has both of the following characteristics:
• The power to direct the activities of a variable interest
entity that most significantly impact the entity’s economic performance.
• The obligation to absorb losses of the entity that could
potentially be significant to the variable interest entity
or the right to receive benefits from the entity that
could potentially be significant to the variable interest
entity.
If a holding company holds a variable interest in a VIE, it
must reassess each reporting period to determine whether
it is the primary beneficiary. Based on a holding company’s reassessment it may be required to consolidate or
deconsolidate the VIE if a change in the holding company’s status as the primary beneficiary has occurred.
ASC Subtopic 810-10 provide guidance on the initial
measurement of a VIE that the primary beneficiary must
consolidate. For example, if the primary beneficiary and
the VIE are not under common control, the initial consolidation of a VIE that is a business is a business combination and must be accounted for in accordance with ASC
Topic 805, Business Combinations. If a holding company
is required to deconsolidate a VIE, it must follow the
guidance for deconsolidating subsidiaries in ASC Subtopic 810-10 (formerly FASB Statement No. 160, Noncontrolling Interests in Consolidated Financial Statements).
When a holding company is required to consolidate a
VIE because it is the primary beneficiary, the standard
principles of consolidation apply after initial measureGL-112
ment (see ‘‘Rules of Consolidation’’ in the General
Instructions). The assets and liabilities of consolidated
VIEs should be reported on the balance sheet (Schedule
HC) in the balance sheet category appropriate to the asset
or liability. An institution that consolidates one or more
VIEs must complete Schedule HC-V, Variable Interest
Entities, to report, by balance sheet category, (a) the
assets of consolidated VIEs that can be used only to settle
obligations of the consolidated VIEs and (b) the liabilities of consolidated VIEs for which creditors do not have
recourse to the general credit of the reporting institution.
Such an institution also must report in Schedule HC-V
the total amount of assets and the total amount of
liabilities of its consolidated VIEs that do not meet these
criteria.
When-Issued Securities Transactions: Transactions
involving securities described as “when-issued” or “whenas-and-if-issued” are, by their nature, conditional, i.e.,
their completion is contingent upon the issuance of the
securities. The accounting for contracts for the purchase
or sale of when-issued securities or other securities that
do not yet exist is addressed in ASC Topic 815, Derivatives and Hedging. Such contracts are excluded from the
requirements of ASC Topic 815, as a regular-way security trade only if:
(1) There is no other way to purchase or sell that
security;
(2) Delivery of that security and settlement will occur
within the shortest period possible for that type of
security; and
(3) It is probable at inception and throughout the term of
the individual contract that the contract will not settle
net and will result in physical delivery of a security
when it is issued.
A contract for the purchase or sale of when-issued
securities may qualify for the regular-way security trade
exclusion even though the contract permits net settlement
or a market mechanism to facilitate net settlement of the
contract exists (as described in ASC Topic 815). A
holding company should document the basis for concluding that it is probable that the contract will not settle net
and will result in physical delivery.
If a when-issued securities contract does not meet the
three criteria above, it should be accounted for as a
derivative at fair value on the balance sheet (Schedule
HC) and reported as a forward contract in Schedule
HC-L, item 11(b). Such contracts should be reported on a
Glossary
FR Y-9C
September 2020
Glossary
gross basis on the balance sheet unless the criteria for
netting in ASC Subtopic 210-20, Balance Sheet – Offsetting (formerly FASB Interpretation No. 39, Offsetting of
Amounts Related to Certain Contracts), are met. (See the
Glossary entry for ‘‘offsetting’’ for further information.)
If a when-issued securities contract qualifies for the
regular-way security trade exclusion, it is not accounted
for as a derivative. If the holding company accounts for
these contracts on a trade-date basis, it should recognize
the acquisition or disposition of the when-issued securities on its balance sheet (Schedule HC) at the inception of
the contract. If the holding company accounts for these
contracts on a settlement-date basis, contracts for the
purchase and sale of when-issued securities should be
reported as ‘‘Other off-balance sheet items’’ in Schedule
HC-L, item 9, subject to the existing reporting thresholds
for this item.
Trading in when-issued securities normally begins when
the U.S. Treasury or some other issuer of securities
FR Y-9C
Glossary September 2020
announces a forthcoming issue. (In some cases, trading
may begin in anticipation of such an announcement and
should also be reported as described herein.) Since the
exact price and terms of the security are unknown before
the auction date, trading prior to that date is on a ‘‘yield’’
basis. On the auction date the exact terms and price of the
security become known and when-issued trading continues until settlement date, when the securities are delivered and the issuer is paid. If physical delivery is taken on
settlement date and settlement date accounting is used,
the securities purchased by the holding company shall be
reported on the balance sheet as held-to-maturity securities in Schedule HC, item 2(a), available-for-sale securities in Schedule HC, item 2(b), or trading assets in
Schedule HC, item 5, as appropriate.
Yield Maintenance Dollar Repurchase Agreement:
See “Repurchase/resale agreements.”
GL-113
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HI
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Number
0303
0308
0304
0305
0306
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0021
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1050
CFO
DATESIGN
CONTACTN
CONTACTP
CONTACTF
CONTACTE
Confidentiality
Checkbox
Confidentiality
Checkbox
Confidentiality
Checkbox
Confidentiality
Checkbox
HI-1h
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HI
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1070
HI-2f
BHCK4073
FRY9C
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HI
HI
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1090
1110
HI-3
HI-5m
BHCK4074
BHCK4079
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HI
Validity
1130
HI-7e
BHCK4093
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HI-8a
BHCKHT69
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HI
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HI-A
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1155
1170
1190
1191
1430
1240
HI-8c
HI-10
HI-12
HI-14
HI-14
HI-Mem3
BHCK4301
BHCK4300
BHCKG104
BHCK4340
BHCK4340
BHCK4313
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HI
HI
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HI-Mem4
HI-Mem13
BHCK4507
BHCKA530
FRY9C
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HI-A
HI-A
Validity
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1500
HI-A3
HI-A15
BHCKB508
BHCT3210
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Validity
1600
HI-B(I)9A
BHCK4635
September 2021
TargetItem
MDRM
Number
BHCKC490
BHTXJ196
BHTX8901
BHTX8902
BHTX9116
BHTX4086
BHCKKY38
Edit Test
Alg Edit Test
CFO must not be null.
DATESIGN must not be null.
CONTACTN must not be null.
CONTACTP must not be null.
CONTACTF must not be null.
CONTACTE must not be null.
If BHCKC447 equals 0 then BHCKKY38 must equal null
bhckc490 ne null
bhtxj196 ne null
bhtx8901 ne null
bhtx8902 ne null
bhtx9116 ne null
bhtx4086 ne null
If BHCKC447 eq 0 then BHCKKY38 eq null
BHCKKY38
BHCKC447
If BHCKC447 equals 1 then BHCKKY38 must equal 0 or 1 and If BHCKC447 eq 1 then BHCKKY38 eq 0 or 1 and ne null
must not equal null
BHCKC447 must equal 0 or 1
BHCKC447 eq 0 or 1
BHCKC447
BHCKC447 must not equal null
BHCK4107
Sum of HI-1a1a through HI-1g must equal HI-1h.
BHCKC447 ne null
(bhck4435 + bhck4436 + bhckf821 + bhck4059 + bhck4065 +
bhck4115 + bhckb488 + bhckb489 + bhck4060 + bhck4069 +
bhck4020 + bhck4518) eq bhck4107
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of HI- For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhckhk03 +
2a1a through HI-2e must equal HI-2f.
bhckhk04 + bhck6761 + bhck4172 + bhck4180 + bhck4185 +
bhck4397 + bhck4398) eq bhck4073
HI-1h minus HI-2f must equal HI-3.
(bhck4107 - bhck4073) eq bhck4074
Sum of HI-5a through HI-5l must equal HI-5m.
(bhck4070 + bhck4483 + bhcka220 + bhckc886 + bhckc888 +
bhckc887 + bhckc386 + bhckc387 + bhckkx46 + bhckkx47 +
bhckb491 + bhckb492 + bhckb493 + bhck8560 + bhck8561 +
bhckb496 + bhckb497) eq bhck4079
Sum of HI-7a through HI-7d must equal HI-7e.
(bhck4135 + bhck4217 + bhckc216 + bhckc232 + bhck4092) eq
bhck4093
Sum of HI-3, HI-5m through HI-6b minus the sum of HI-4 and (bhck4074 + bhck4079 + bhck3521 + bhck3196) - (bhckjj33 +
HI-7e must equal HI-8a.
bhck4093) eq bhckht69
Sum of HI-8a and HI-8b must equal HI-8c.
(bhckht69+ bhckht70) eq bhck4301
HI-8c minus HI-9 must equal HI-10.
bhck4301 - bhck4302 eq bhck4300
Sum of HI-10 and HI-11 must equal HI-12.
(bhck4300 + bhckft28) eq bhckg104
HI-12 minus HI-13 must equal HI-14.
(bhckg104 - bhckg103) eq bhck4340
HI-A4 must equal HI-14.
bhct4340 eq bhck4340
HI-Mem3 must be less than or equal to the sum of HI-1a1a bhck4313 le (bhck4435 + bhck4436 + bhckf821 + bhck4059 +
through HI-1b.
bhck4065)
HI-Mem4 must be less than or equal to HI-1d3.
bhck4507 le bhck4060
HI-Mem13 must equal 1 (yes) or 0 (no) and HI-Mem13 must bhcka530 eq 1 or bhcka530 eq 0 and bhcka530 ne null
not be null.
Sum of HI-A1 and HI-A2 must equal HI-A3.
(bhck3217 + bhckb507) eq bhckb508
Sum of HI-A3 through HI-A7, HI-A9, and HI-A12 through HI- (bhckb508 + bhct4340 + bhck3577 + bhck3578 + bhck3579 +
A14 minus the sum of HI-A8, HI-A10, and HI-A11 must equal bhck3580 + bhck4782 + bhck4356 + bhckb511 + bhck4591 +
HI-A15.
bhck3581) - (bhck4783 + bhck4598 + bhck4460) eq bhct3210
Sum of HI-B(I)1a1A through HI-B(I)8cA must equal HI-B(I)9A. (bhckc891 + bhckc893 + bhck3584 + bhck5411 + bhckc234 +
bhckc235 + bhck3588 + bhckc895 + bhckc897 + bhckb512 +
bhck4655 + bhckkx48 + bhck4645 + bhck4646 + bhckb514 +
bhckk129 + bhckk205 + bhck4643 + bhck4644 + bhckf185 +
bhckc880 + bhckkx50) eq bhck4635
FR Y-9C: CHK-1 of 116
NONCONFIDENTIAL // EXTERNAL
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Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
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MDRM
Number
BHCK4605
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FRY9C
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20190331
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20210630
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HI-B
HI-B
HI-B
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1730
1750
1751
HI-B(I)9B
HI-B(II)4A
HI-B(II)5A
BHCK4605
BHCK5523
BHCK4230
FRY9C
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HI-B
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1790
HI-B(II)6A
BHCKC233
FRY9C
20190331
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HI-B
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1792
HI-B(II)6B
BHCKJH91
FRY9C
20190331
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HI-B
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1794
HI-B(II)6C
BHCKJH97
FRY9C
20191231
99991231
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HI-C
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4935
HI-C(I)6A
BHCKM746
FRY9C
20191231
99991231
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HI-C
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4940
HI-C(I)6B
BHCKM747
FRY9C
20191231
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HI-C
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4945
HI-C(I)6C
BHCKM748
FRY9C
20191231
99991231
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HI-C
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4950
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BHCKM749
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20191231
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HI-C
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4965
HI-C(I)6E
BHCKM750
FRY9C
20190331
99991231
No Change
HI-C
Validity
4985
HI-C(I)6E
BHCKM750
FRY9C
20200630
99991231
No Change
HI-C
Validity
4987
HI-C(I)6E
BHCKM750
September 2021
Edit Test
Alg Edit Test
Sum of HI-B(I)1a1B through HI-B(I)8cB must equal HI-B(I)9B. (bhckc892 + bhckc894 + bhck3585 + bhck5412 + bhckc217 +
bhckc218 + bhck3589 + bhckc896 + bhckc898 + bhckb513 +
bhck4665 + bhck4617 + bhck4618 + bhckkx49 + bhckb515 +
bhckk133 + bhckk206 + bhck4627 + bhck4628 + bhckf187 +
bhckf188 + bhckkx51) eq bhck4605
HI-B(II)2A must equal HI-B(I)9B.
bhct4605 eq bhck4605
HI-B(II)3A must equal HI-B(I)9A minus HI-B(II)4A.
bhckc079 eq (bhck4635 - bhck5523)
If HC-R(I)2a is not null, then sum of HI-B(II)5A through HIIf bhcajj29 ne null, then (bhck4230 + bhckjh90 + bhckjh96 +
B(II)5C plus HI-B(II)Mem 5 and HI-B Mem 7 must equal HI-4; bhckjj02 + bhckmg93) eq bhckjj33; else, if bhcajj29 eq null, then
else, if HC-R(I)2a is null, then HI-B(II)5A must equal HI-4.
bhck4230 eq bhckjj33
The sum of HI-B(II)1A, HI-B(II)2A, HI-B(II)5A, and HI-B(II)6A (bhckb522 + bhct4605 + bhck4230 + bhckc233) - (bhckc079 +
minus the sum of HI-B(II)3A and HI-B(II)4A must equal HIbhck5523) eq bhct3123
B(II)7A.
The sum of HI-B(II)1B, HI-B(II)2B, HI-B(II)5B, and HI-B(II)6B
(bhckjh88 + bhckjh89 + bhckjh90 + bhckjh91) - (bhckjh92 +
minus the sum of HI-B(II)3B and HI-B(II)4B must equal HIbhckjj00) eq bhckjh93
B(II)7B.
The sum of HI-B(II)1C, HI-B(II)2C, HI-B(II)5C, and HI-B(II)6C
(bhckjh94 + bhckjh95 + bhckjh96 + bhckjh97) - (bhckjh98 +
minus the sum of HI-B(II)3C and HI-B(II)4C must equal HIbhckjj01) eq bhckjh99
B(II)7C.
If previous year June HC-12 is greater than or equal to $5
If (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06
billion then the sum of HI-C(I)1aA through HI-C(I)4A must
and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6
equal HI-C(I)6A.
ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000)
then (bhckm708 + bhckm714 + bhckm721 + bhckm727 +
bhckm733 + bhckm739) eq bhckm746
If previous year June HC-12 is greater than or equal to $5
If (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06
billion then the sum of HI-C(I)1aB through HI-C(I)4B must
and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6
equal HI-C(I)6B.
ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000)
then (bhckm709 + bhckm715 + bhckm722 + bhckm728 +
bhckm734 + bhckm740) eq bhckm747
If previous year June HC-12 is greater than or equal to $5
If (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06
billion then the sum of HI-C(I)1aC through HI-C(I)4C must
and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6
equal HI-C(I)6C.
ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000)
then (bhckm710 + bhckm716 + bhckm723 + bhckm729 +
bhckm735 + bhckm741) eq bhckm748
If previous year June HC-12 is greater than or equal to $5
If (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06
billion then the sum of HI-C(I)1aD through HI-C(I)5D must
and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6
equal HI-C(I)6D.
ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000)
then (bhckm711 + bhckm717 + bhckm724 + bhckm730 +
bhckm736 + bhckm742 + bhckm745) eq bhckm749
If previous year June HC-12 is greater than or equal to $5
If (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06
billion then the sum of HI-C(I)1aE through HI-C(I)4E must
and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6
equal HI-C(I)6E.
ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000)
then (bhckm712 + bhckm719 + bhckm725 + bhckm731 +
bhckm737 + bhckm743) eq bhckm750
If HI-C(I)6A, HI-C(I)6C and HI-C(I)6E are not null, then HC-4B if bhckm746 ne null and bhckm748 ne null and bhckm750 ne null
must equal the sum of HC-Q4A, HI-C(I)6A, HI-C(I)6C and HI- then bhckb528 eq (bhckg488 + bhckm746 + bhckm748 +
C(I)6E.
bhckm750)
If previous year June HC-12 is greater than or equal to $5
If ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 12
billion for June and December and if HI-C(I)6E is not equal to and bhck2170-q7 ge 5000000)) and bhckm750 ne null, then
null, then HC-CM5B must equal HI-C(I)6E.
bhckc780 eq bhckm750
FR Y-9C: CHK-2 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20200630
TargetItem
Validity
Edit
Number
4989
HI-C(I)6F
MDRM
Number
BHCKM751
No Change
HI-C
FRY9C
20191231
99991231
No Change
HI-C
Validity
4980
HI-C(I)6F
BHCKM751
FRY9C
20190331
99991231
No Change
HI-C
Validity
4990
HI-C(I)6F
BHCKM751
FRY9C
20190331
99991231
No Change
HI-C
Validity
4994
HI-C(II)6A
BHCKJJ11
FRY9C
20190331
99991231
No Change
HI-C
Validity
4998
HI-C(II)6B
BHCKJJ19
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20190331
20150331
20190331
20150331
20180630
20150331
20180630
20150331
20190331
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
HI-C
HC-B
HC
HC
HC-D
HC
HC-M
HC-F
HC
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
5000
2235
2025
2050
2489
3040
3020
2655
2070
HI-C(II)11B
HC-2b
HC-4c
HC-4d
HC-5
HC-7
HC-10
HC-11
HC-12
BHCKJJ25
BHCK1773
BHCK3123
BHCKB529
BHCK3545
BHCK2150
BHCK2143
BHCK2160
BHCK2170
FRY9C
FRY9C
20150331
20180630
99991231
99991231
No Change
No Change
HC
HC-D
Validity
Validity
2080
2524
HC-12
HC-15
BHCK2170
BHCK3548
FRY9C
FRY9C
FRY9C
20150331
20150331
20160930
99991231
99991231
99991231
No Change
No Change
No Change
HC-M
HC-G
HC
Validity
Validity
Validity
3060
2695
2110
HC-16
HC-20
HC-21
BHCK3190
BHCK2750
BHCK2948
FRY9C
20150331
99991231
No Change
HC
Validity
2125
HC-27a
BHCK3210
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
HC
HC
HC
HC
Validity
Validity
Validity
Validity
2127
2135
2145
2150
HC-27a
HC-29
HC-29
HC-Mem1
BHCK3210
BHCK3300
BHCK3300
BHCKC884
FRY9C
20150331
99991231
No Change
HC
Validity
2155
HC-Mem1
BHCKC884
FRY9C
20191231
99991231
No Change
HC-B
Validity
2175
HC-B8A
BHCK1754
September 2021
Edit Test
Alg Edit Test
If previous year June HC-12 is greater than or equal to $5
If ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06
billion and HI-C(I)6F is not equal to null, then HI-B(II)M4 must and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6
equal HI-C(I)6F.
ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000))
and bhckm751 ne null then bhckc781 eq bhckm751
If previous year June HC-12 is greater than or equal to $5
If (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06
billion then the sum of HI-C(I)1aF through HI-C(I)4F must
and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6
equal HI-C(I)6F.
ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000)
then (bhckm713 + bhckm720 + bhckm726 + bhckm732 +
bhckm738 + bhckm744) eq bhckm751
If HI-C(I)6B, HI-C(I)6D, and HI-C(I)6F are not equal to null,
if bhckm747 ne null and bhckm749 ne null and bhckm751 ne null
then HC-4C must equal the sum of HI-C(I)6B, HI-C(I)6D, and then bhck3123 eq (bhckm747 + bhckm749 + bhckm751)
HI-C(I)6F.
HI-C(II)6A must equal the sum of HI-C(II)1aA through HI(bhckjj04 + bhckjj05 + bhckjj06 + bhckjj07 + bhckjj08 + bhckjj09)
C(II)4A
eq bhckjj11
HI-C(II)6B must equal the sum of HI-C(II)1aB through HI(bhckjj12 + bhckjj13 + bhckjj14 + bhckjj15 + bhckjj16 + bhckjj17 +
C(II)5B
bhckjj18) eq bhckjj19
Sum of HI-C(II)7B through HI-C(II)10B must equal HI-C(II)11B (bhckjj20+bhckjj21+bhckjj23+bhckjj24) eq bhckjj25
HC-B8D must equal HC-2b.
bhct1773 eq bhck1773
HI-B(II)7A must equal HC-4c.
bhct3123 eq bhck3123
HC-4b minus HC-4c must equal HC-4d.
(bhckb528 - bhck3123) eq bhckb529
If HC-D12 is not equal to null, then HC-D12 must equal HC-5. if bhct3545 ne null then bhct3545 eq bhck3545
HC-M13 must equal HC-7.
bhct2150 eq bhck2150
HC-M12d must equal HC-10.
bhct2143 eq bhck2143
HC-F7 must equal HC-11.
bhct2160 eq bhck2160
Sum of HC-1a through HC-4a and HC-4d through HC-11 must (bhck0081 + bhck0395 + bhck0397 + bhckjj34 + bhck1773 +
equal HC-12.
bhckja22 + bhdmb987 + bhckb989 + bhck5369 + bhckb529 +
bhck3545 + bhck2145 + bhck2150 + bhck2130 + bhck3656 +
bhck2143 + bhck2160) eq bhck2170
HC-12 must be greater than zero.
bhck2170 gt 0
If HC-D15 is not equal to null, then HC-D15 must equal HC- if bhct3548 ne null then bhct3548 eq bhck3548
15.
HC-M14d must equal HC-16.
bhct3190 eq bhck3190
HC-G5 must equal HC-20.
bhct2750 eq bhck2750
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhdm6631 +
HC-13a1 through HC-20 must equal HC-21.
bhdm6636 + bhfn6631 + bhfn6636 + bhdmb993 + bhckb995 +
bhck3548 + bhck3190 + bhck4062 + bhckc699 + bhck2750) eq
bhck2948
Sum of HC-23 through HC-26c must equal HC-27a.
(bhck3283 + bhck3230 + bhck3240 + bhck3247 + bhckb530 +
bhcka130) eq bhck3210
HI-A15 must equal HC-27a.
bhct3210 eq bhck3210
Sum of HC-21 and HC-28 must equal HC-29.
(bhck2948 + bhckg105) eq bhck3300
HC-29 must equal HC-12.
bhck3300 eq bhck2170
For December, HC-Mem1 must equal "1" (yes) or "0" (no)
if (mm-q1 eq 12) then (bhckc884 eq 1 or bhckc884 eq 0) and
and HC-Mem1 must not be null.
bhckc884 ne null
If HC-Mem1 is equal "1" (yes), then HC-Mem2a(1) through if (bhckc884 eq 1) then (textc703 ne null and textc708 ne null and
HC-Mem2b(2) must not be null.
textc714 ne null and textc715 ne null and textc704 ne null and
textc705 ne null)
Sum of HC-B1A through HC-B6bA must equal HC-B8A.
(bhck0211 + bhckht50 + bhck8496 + bhckg300 + bhckg304 +
bhckg308 + bhckkx52 + bhckg312 + bhckg316 + bhckg320 +
bhckk142 + bhckk146 + bhckk150 + bhckk154 + bhckc026 +
bhckht58 + bhck1737 + bhck1742) eq bhck1754
FR Y-9C: CHK-3 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20191231
TargetItem
Validity
Edit
Number
2215
HC-B8B
MDRM
Number
BHCK1771
No Change
HC-B
FRY9C
20201231
99991231
No Change
HC-B
Validity
2225
HC-B8C
BHCK1772
FRY9C
20201231
99991231
No Change
HC-B
Validity
2185
HC-B8D
BHCT1773
FRY9C
20190331
99991231
No Change
HC-B
Validity
2240
HC-BM1
BHCK0416
FRY9C
20191231
99991231
No Change
HC-B
Validity
2250
HC-BM2c
BHCK0387
FRY9C
20191231
99991231
No Change
HC-B
Validity
2260
HC-BM4a
BHCK8782
FRY9C
20180630
99991231
No Change
HC-B
Validity
2270
HC-BM4b
BHCK8783
FRY9C
20150331
99991231
No Change
HC-C
Validity
2275
HC-C1e2B
BHCKF161
FRY9C
20160930
99991231
No Change
HC-C
Validity
0421
HC-C2bA
BHCK1296
FRY9C
20150331
99991231
No Change
HC-C
Validity
2285
HC-C2bA
BHCK1296
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-C
HC-C
Validity
Validity
2300
2325
HC-C3B
HC-C6dA
BHDM1590
BHCKK207
FRY9C
20160930
99991231
No Change
HC-C
Validity
0418
HC-C7A
BHCK2081
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-C
HC-C
Validity
Validity
2333
2335
HC-C7B
HC-C9aB
BHDM2081
BHDMJ454
September 2021
Edit Test
Alg Edit Test
Sum of HC-B1B through HC-B6bB must equal HC-B8B.
(bhck0213 + bhckht51 + bhck8497 + bhckg301 + bhckg305 +
bhckg309 + bhckkx53 + bhckg313 + bhckg317 + bhckg321 +
bhckk143 + bhckk147 + bhckk151 + bhckk155 + bhckc988 +
bhckht59 + bhck1738 + bhck1743) eq bhck1771
Sum of HC-B1C through HC-B6bC must equal HC-B8C.
(bhck1286 + bhckht52 + bhck8498 + bhckg302 + bhckg306 +
bhckg310 + bhckkx54 + bhckg314 + bhckg318 + bhckg322 +
bhckk144 + bhckk148 + bhckk152 + bhckk156 + bhckc989 +
bhckht60 + bhck1739 + bhck1744) eq bhck1772
Sum of HC-B1D through HC-B6bD must equal HC-B8D.
(bhck1287 + bhckht53 + bhck8499 + bhckg303 + bhckg307 +
bhckg311 + bhckkx55 + bhckg315 + bhckg319 + bhckg323 +
bhckk145 + bhckk149 + bhckk153 + bhckk157 + bhckc027 +
bhckht61 + bhck1741 + bhck1746) eq bhct1773
HC-BM1 must be less than or equal to the sum of HC-2a and bhck0416 le (bhckjj34 + bhck1773)
HC-2b.
If HC-N10C is equal to zero, then the sum of HC-BM2a
if bhck3507 eq 0 then (bhck0383 + bhck0384 + bhck0387) eq
through HC-BM2c must be equal to the sum of HC-B1A
((bhck0211 + bhckht50 + bhck8496 + bhckg300 + bhckg304 +
through HC-B6bA and HC-B1D through HC-B6bD.
bhckg308 + bhckkx52 + bhckg312 + bhckg316 + bhckg320 +
bhckk142 + bhckk146 + bhckk150 + bhckk154 + bhckc026 +
bhckht58 + bhck1737 + bhck1742) + (bhck1287 + bhckht53 +
bhck8499 + bhckg303 + bhckg307 + bhckg311 + bhckkx55 +
bhckg315 + bhckg319 + bhckg323 + bhckk145 + bhckk149 +
bhckk153 + bhckk157 + bhckc027 + bhckht61 + bhck1741 +
bhck1746))
HC-BM4a must be less than or equal to the sum of HC-B2A bhck8782 le (bhckht50 + bhck8496 + bhckc026 + bhckht58 +
through HC-B3A, HC-B5aA through HC-B6bA, HC-B2C
bhck1737 + bhck1742 + bhckht52 + bhck8498 + bhckc989 +
through HC-B3C, and HC-B5aC through HC-B6bC.
bhckht60 + bhck1739 + bhck1744)
HC-BM4b must be less than or equal to the sum of HC-B2B bhck8783 le (bhckht51 + bhck8497 + bhckc988 + bhckht59 +
through HC-B3B, HC-B5aB through HC-B6bB, HC-B2D
bhck1738 + bhck1743 + bhckht53 + bhck8499 + bhckc027 +
through HC-B3D, and HC-B5aD through HC-B6bD.
bhckht61 + bhck1741 + bhck1746)
Sum of HC-C1a1B through HC-C1e2B must be less than or
(bhckf158 + bhckf159 + bhdm1420 + bhdm1797 + bhdm5367 +
equal to HC-C1A.
bhdm5368 + bhdm1460 + bhckf160 + bhckf161) le bhck1410
Sum of HC-N2aA through HC-N2bC must be less than or
(bhck5377 + bhck5378 + bhck5379 + bhck5380 + bhck5381 +
equal to the sum of HC-C2aA and HC-C2bA.
bhck5382) le (bhck1292 + bhck1296)
HC-C2B must be less than or equal to the sum of HC-C2aA
bhdm1288 le (bhck1292 + bhck1296)
and HC-C2bA.
HC-C3B must be less than or equal to HC-C3A.
bhdm1590 le bhck1590
HC-C6B must be less than or equal to the sum of HC-C6aA, bhdm1975 le (bhckb538 + bhckb539 + bhckk137 + bhckk207)
HC-C6bA, HC-C6cA and HC-C6dA.
Sum of HC-N6A through HC-N6C must be less than or equal (bhck5389 + bhck5390 + bhck5391) le bhck2081
to HC-C7A.
HC-C7B must be less than or equal to HC-C7A.
bhdm2081 le bhck2081
HC-C9aB must be less than or equal to HC-C9aA.
bhdmj454 le bhckj454
FR Y-9C: CHK-4 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20191231
TargetItem
Validity
Edit
Number
0316
HC-C9b2A
MDRM
Number
BHCKJ451
No Change
HC-C
FRY9C
20191231
99991231
No Change
HC-C
Validity
0419
HC-C9b2A
BHCKJ451
FRY9C
20191231
99991231
No Change
HC-C
Validity
2360
HC-C10bA
BHCKF163
FRY9C
20191231
99991231
No Change
HC-C
Validity
2370
HC-C11A
BHCK2123
FRY9C
FRY9C
FRY9C
20150331
20150331
20191231
99991231
99991231
99991231
No Change
No Change
No Change
HC-C
HC-C
HC-C
Validity
Validity
Validity
2380
2395
2410
HC-C11B
HC-C12A
HC-C12B
BHDM2123
BHCK2122
BHDM2122
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-C
HC-C
Validity
Validity
2420
0349
HC-C12B
HC-CM1b
BHDM2122
BHDMF576
FRY9C
20191231
99991231
No Change
HC-C
Validity
2430
HC-CM1f
BHCKK165
FRY9C
20191231
99991231
No Change
HC-C
Validity
2440
HC-CM2
BHCK2746
FRY9C
20191231
99991231
No Change
HC-C
Validity
2455
HC-CM3
BHCKB837
FRY9C
20191231
99991231
No Change
HC-C
Validity
2460
HC-CM4
BHCKC391
FRY9C
20180630
99991231
No Change
HC-C
Validity
2465
HC-CM6a
BHCKF230
September 2021
Edit Test
Alg Edit Test
Sum of HC-CM1f, HC-N1bA through HC-N1bC, HC-N1fA
through HC-N3C, HC-N5aA through HC-N7C must be less
than or equal to the sum of HC-C1A, HC-C2aA through HCC3A, HC-C6aA through HC-C7A and HC-C9aA through HCC9b3A minus the sum of HC-C1a1B, HC-C1a2B and HC-C1c1B
through HC-C1e2B.
(bhckk165 + bhck3493 + bhck3494 + bhck3495 + bhckb572 +
bhckb573 + bhckb574 + bhck5377 + bhck5378 + bhck5379 +
bhck5380 + bhck5381 + bhck5382 + bhck1594 + bhck1597 +
bhck1583 + bhckb575 + bhckb576 + bhckb577 + bhckk213 +
bhckk214 + bhckk215 + bhckk216 + bhckk217 + bhckk218 +
bhck5389 + bhck5390 + bhck5391 + bhck5459 + bhck5460 +
bhck5461) le ((bhck1410 + bhck1292 + bhck1296 + bhck1590 +
bhckb538 + bhckb539 + bhckk137 + bhckk207 + bhck2081 +
bhckj454 + bhck1545 + bhckj451 + bhckkx57) - (bhckf158 +
bhckf159 + bhdm1797 + bhdm5367 + bhdm5368 + bhdm1460 +
bhckf160 + bhckf161))
Sum of HC-N1fA through HC-N1fC, and HC-N7A through HC- (bhckb572 + bhckb573 + bhckb574 + bhck5459 + bhck5460 +
N7C must be less than or equal to the sum of HC-C1A, and
bhck5461) le ((bhck1410 + bhckj454 + bhck1545 + bhckj451 +
HC-C9aA through HC-C9b3A minus the sum of HC-C1a1B
bhckkx57) - (bhckf158 + bhckf159 + bhdm1420 + bhdm1797 +
through HC-C1e2B.
bhdm5367 + bhdm5368 + bhdm1460 + bhckf160 + bhckf161))
HC-C10B must be less than or equal to the sum of HC-C10aA, bhdm2165 le (bhckf162 + bhckf163 + bhckkx58)
HC-C10bA and HC-C10cA.
Sum of HC-C1A through HC-C10cA minus HC-C11A must
(bhck1410 + bhck1292 + bhck1296 + bhck1590 + bhck1763 +
equal HC-C12A.
bhck1764 + bhckkx56 + bhckb538 + bhckb539 + bhckk137 +
bhckk207 + bhck2081 + bhckj454 + bhck1545 + bhckj451 +
bhckkx57 + bhckf162 + bhckf163 + bhckkx58) - bhck2123 eq
bhck2122
HC-C11B must be less than or equal to HC-C11A.
bhdm2123 le bhck2123
HC-C12A must equal the sum of HC-4a and HC-4b.
bhck2122 eq (bhck5369 + bhckb528)
Sum of HC-C1a1B through HC-C10B minus HC-C11B must
(bhckf158 + bhckf159 + bhdm1420 + bhdm1797 + bhdm5367 +
equal HC-C12B.
bhdm5368 + bhdm1460 + bhckf160 + bhckf161 + bhdm1288 +
bhdm1590 + bhdm1766 + bhdm1975 + bhdm2081 + bhdmj454 +
bhdm1545 + bhdmj451 + bhdmkx57 +bhdm2165) - bhdm2123 eq
bhdm2122
HC-C12B must be less than or equal to HC-C12A.
bhdm2122 le bhck2122
HC-CM1b must be less than or equal to the sum of HC-C1c1B bhdmf576 le (bhdm1797 + bhdm5367 + bhdm5368)
through HC-C1c2bB
HC-CM1f must be less than or equal to the sum of HC-C1A, bhckk165 le ((bhck1410 + bhck1292 + bhck1296 + bhck1590 +
HC-C2aA through HC-C3A, HC-C6aA through HC-C7A and HC- bhckb538 + bhckb539 + bhckk137 + bhckk207 + bhck2081 +
C9aA through HC-C9b3A minus the sum of HC-C1a1B, HCbhckj454 + bhck1545 + bhckj451 + bhckkx57) - (bhckf158 +
C1a2B and HC-C1c1B through HC-C1e2B.
bhckf159 + bhdm1797 + bhdm5367 + bhdm5368 + bhdm1460 +
bhckf160 + bhckf161))
HC-CM2 must be less than or equal to the sum of HC-C4aA, bhck2746 le (bhck1763 + bhck1764 + bhckkx56 + bhckj454 +
HC-C4bA, HC-C4cA, HC-C9aA, HC-C9b1A, HC-C9b2A and HC- bhck1545 + bhckj451 + bhckkx57)
C9b3A.
If previous year June HC-12 is greater than or equal to $5
if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06
billion, then HC-CM3 must be less than or equal to HC-C1A and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6
ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000)
then bhckb837 le bhck1410
If previous year June HC-12 is greater than or equal to $5
if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06
billion, then HC-CM4 must be less than or equal to HC-C6aA and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6
ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000)
then bhckc391 le bhckb538
For June and December, HC-CM6a must be less than or
if mm-q1 eq 06 or mm-q1 eq 12, bhckf230 le (bhdm5367 +
equal to the sum of HC-C1c2aB and HC-C1c2bB.
bhdm5368)
FR Y-9C: CHK-5 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20180630
TargetItem
Validity
Edit
Number
2479
HC-D12
MDRM
Number
BHCT3545
No Change
HC-D
FRY9C
20180630
99991231
No Change
HC-D
Validity
2509
HC-D15
BHCT3548
FRY9C
20180930
99991231
No Change
HC-D
Validity
0174
HC-DM3g
BHCKG652
FRY9C
20170331
99991231
No Change
HC-E
Validity
2550
HC-E1e
BHCBJ474
FRY9C
20170331
99991231
No Change
HC-E
Validity
2580
HC-E2e
BHODJ474
FRY9C
20170331
99991231
No Change
HC-E
Validity
2595
HC-E2e
BHODJ474
FRY9C
20170331
99991231
No Change
HC-E
Validity
2615
HC-EM3
BHDMHK32
FRY9C
20160930
99991231
No Change
HC-E
Validity
2625
HC-EM4
BHFNA245
FRY9C
20180630
99991231
No Change
HC-F
Validity
2640
HC-F6
BHCK2168
FRY9C
FRY9C
20150331
20190331
99991231
99991231
No Change
No Change
HC-G
HC-H
Validity
Validity
2680
2710
HC-G4
HC-H1
BHCKB984
BHCK3197
FRY9C
20150331
99991231
No Change
HC-H
Validity
2725
HC-H3
BHCK3298
FRY9C
FRY9C
20150331
20170331
99991231
99991231
No Change
No Change
HC-H
HC-I
Validity
Validity
2740
2750
HC-H5
HC-I(I)1
BHCK3409
BHCKB988
FRY9C
20170331
99991231
No Change
HC-I
Validity
2760
HC-I(II)1
BHCKC247
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
No Change
HC-K
HC-L
HC-L
HC-L
HC-L
Validity
Validity
Validity
Validity
Validity
2770
2775
2800
2805
2815
HC-K5
HC-L1c1
HC-L2a
HC-L3a
HC-L9f
BHCK3368
BHCK3816
BHCK3820
BHCK3822
BHCK6586
FRY9C
20150331
99991231
No Change
HC-L
Validity
2830
HC-L13A
BHCK8725
FRY9C
20150331
99991231
No Change
HC-L
Validity
2855
HC-L13B
BHCK8726
FRY9C
20150331
99991231
No Change
HC-L
Validity
2880
HC-L13C
BHCK8727
FRY9C
20150331
99991231
No Change
HC-L
Validity
2895
HC-L13D
BHCK8728
September 2021
Edit Test
Alg Edit Test
Sum of HC-D1 through HC-D11 must equal HC-D12.
(bhcm3531 + bhcm3532 + bhcm3533 + bhckg379 + bhckg380 +
bhckg381 + bhckk197 + bhckk198 + bhckht62 + bhckg386 +
bhckht63 + bhckht64 + bhckf614 + bhckht65 + bhckf618 +
bhcm3541 + bhcm3543) eq bhct3545
Sum of HC-D13a1, HC-D13a2, HC-D13a3, HC-D13b, and HC- (bhckg209 + bhckg210 + bhckg211 + bhckf624 + bhck3547) eq
D14 must equal HC-D15.
bhct3548
If HC-D5a and HC-DM3a are not null, then the sum of HCif bhckht62 ne null and bhckg299 ne null then (bhckg299 +
DM3a through HC-DM3g must equal the sum of HC-D5a.
bhckg332 + bhckg333 + bhckg334 + bhckg335 + bhckg651 +
bhckg652) eq bhckht62
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, If HC-E1e For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if bhcbj474 gt
is greater than zero, then HC-E1e must be greater than or
0 then bhcbj474 ge 250
equal to $250k.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhcb2210 +
HC-E1a through HC-E2e must equal the sum of HC-13a1 and bhcb3187 + bhcb2389 + bhcbhk29 + bhcbj474 + bhod3189 +
HC-13a2.
bhod3187 + bhod2389 + bhodhk29 + bhodj474) eq (bhdm6631 +
bhdm6636)
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, If HC-E2e For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if bhodj474 gt
is greater than zero, then HC-E2e must be greater than or
0 then bhodj474 ge 250
equal to $250k.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-EM3 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhdmhk32 le
must be less than or equal to the sum of HC-E1e and HC-E2e. (bhcbj474 + bhodj474)
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-EM4 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhfna245 le
must be less than or equal to the sum of HC-13b1 and HC(bhfn6631 + bhfn6636)
13b2.
Sum of HC-F1 through HC-F6 must equal HC-F7.
(bhckb556 + bhck2148 + bhckht80 + bhck1752 + bhckk201 +
bhckk202 + bhckk270 + bhck2168) eq bhct2160
Sum of HC-G2 through HC-G4 must equal HC-G5.
(bhck3049 + bhckb557 + bhckb984) eq bhct2750
HC-H1 must be less than or equal to the sum of HC-1b1
bhck3197 le ((bhck0395 + bhck0397 + bhckjj34 + bhck1773 +
through HC-4b, HC-7, HC-8, and HC-11 minus the sum of HC- bhckja22 + bhdmb987 + bhckb989 + bhck5369 + bhckb528 +
N9C and HC-N10C.
bhck2150 + bhck2130 + bhck2160) - (bhck1403 + bhck3507)
HC-H3 must be less than or equal to the sum of HC-16 and
bhck3298 le (bhck3190 + bhck4062)
HC-19a.
HC-H5 must be less than or equal to HC-19a.
bhck3409 le bhck4062
HC-I(I)1 must be greater than or equal to 10 million or must bhckb988 ge 10000 or bhckb988 eq null
be null.
HC-I(II)1 must be greater than or equal to 10 million or must bhckc247 ge 10000 or bhckc247 eq null
be null.
HC-K5 must be greater than zero.
bhck3368 gt 0
Sum of HC-L1c1a and HC-L1c1b must equal HC-L1c1.
(bhckf164 + bhckf165) eq bhck3816
HC-L2a must be less than or equal to HC-L2.
bhck3820 le bhck6566
HC-L3a must be less than or equal to HC-L3.
bhck3822 le bhck6570
Sum of HC-L9a through HC-L9f must be less than or equal to (bhck3434 + bhck3435 + bhck6561 + bhck6562 + bhck6568 +
HC-L9.
bhck6586) le bhck3430
Sum of HC-L11aA through HC-L11eA must equal the sum of (bhck8693 + bhck8697 + bhck8701 + bhck8705 + bhck8709 +
HC-L12A and HC-L13A.
bhck8713 + bhck3450) eq (bhcka126 + bhck8725)
Sum of HC-L11aB through HC-L11eB must equal the sum of (bhck8694 + bhck8698 + bhck8702 + bhck8706 + bhck8710 +
HC-L12B and HC-L13B.
bhck8714 + bhck3826) eq (bhcka127 + bhck8726)
Sum of HC-L11aC through HC-L11eC must equal the sum of (bhck8695 + bhck8699 + bhck8703 + bhck8707 + bhck8711 +
HC-L12C and HC-L13C.
bhck8715 + bhck8719) eq (bhck8723 + bhck8727)
Sum of HC-L11aD through HC-L11eD must equal the sum of (bhck8696 + bhck8700 + bhck8704 + bhck8708 + bhck8712 +
HC-L12D and HC-L13D.
bhck8716 + bhck8720) eq (bhck8724 + bhck8728)
FR Y-9C: CHK-6 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20150331
TargetItem
Validity
Edit
Number
0177
HC-L15b8A
MDRM
Number
BHCKG458
No Change
HC-L
FRY9C
20150331
99991231
No Change
HC-L
Validity
0179
HC-L15b8C
BHCKG460
FRY9C
20150331
99991231
No Change
HC-L
Validity
0180
HC-L15b8D
BHCKG461
FRY9C
20150331
99991231
No Change
HC-L
Validity
0181
HC-L15b8E
BHCKG462
FRY9C
20160930
99991231
No Change
HC-M
Validity
2920
HC-M2
BHCK6555
FRY9C
20160930
99991231
No Change
HC-M
Validity
2925
HC-M3
BHCK6556
FRY9C
20180331
99991231
No Change
HC-M
Validity
0222
HC-M6a5
BHCKK183
FRY9C
20150331
99991231
No Change
HC-M
Validity
0317
HC-M6a1a1
BHDMK169
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-M
HC-M
Validity
Validity
0332
0318
HC-M6a1a1
HC-M6a1a2
BHDMK169
BHDMK170
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-M
HC-M
Validity
Validity
0333
0319
HC-M6a1a2
HC-M6a1b
BHDMK170
BHDMK171
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-M
HC-M
Validity
Validity
0334
0320
HC-M6a1b
HC-M6a1c1
BHDMK171
BHDMK172
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-M
HC-M
Validity
Validity
0335
0321
HC-M6a1c1
HC-M6a1c2a
BHDMK172
BHDMK173
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-M
HC-M
Validity
Validity
0336
0322
HC-M6a1c2a
HC-M6a1c2b
BHDMK173
BHDMK174
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-M
HC-M
Validity
Validity
0337
0323
HC-M6a1c2b
HC-M6a1d
BHDMK174
BHDMK175
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-M
HC-M
Validity
Validity
0338
0324
HC-M6a1d
HC-M6a1e1
BHDMK175
BHDMK176
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-M
HC-M
Validity
Validity
0339
0325
HC-M6a1e1
HC-M6a1e2
BHDMK176
BHDMK177
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-M
HC-M
Validity
Validity
0340
0331
HC-M6a1e2
HC-M6a5
BHDMK177
BHCKK183
FRY9C
20150331
99991231
No Change
HC-M
Validity
0223
HC-M6b6
BHFNK260
FRY9C
20150331
99991231
No Change
HC-M
Validity
0365
HC-M6b7
BHCKK192
FRY9C
20190331
99991231
No Change
HC-M
Validity
0224
HC-M6c
BHCKJ461
FRY9C
20150331
99991231
No Change
HC-M
Validity
2955
HC-M8
BHCKC251
September 2021
Edit Test
Alg Edit Test
Sum of HC-L15b1A through HC-L15b7A must equal HCL15b8A.
Sum of HC-L15b1C through HC-L15b7C must equal HCL15b8C.
Sum of HC-L15b1D through HC-L15b7D must equal HCL15b8D.
Sum of HC-L15b1E through HC-L15b7E must equal HCL15b8E.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-M2
must be less than or equal to the sum of HC-16 and HC-19a.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-M3
must be less than or equal to the sum of HC-16 and HC-19a.
Sum of HC-M6a1a1 through HC-M6a5 must be less than or
equal to the sum of HC-4a and HC-4b.
(bhckg423 + bhckg428 + bhckg433 + bhckg438 + bhckg443 +
bhckg448 + bhckg453) eq bhckg458
(bhckg425 + bhckg430 + bhckg435 + bhckg440 + bhckg445 +
bhckg450 + bhckg455) eq bhckg460
(bhckg426 + bhckg431 + bhckg436 + bhckg441 + bhckg446 +
bhckg451 + bhckg456) eq bhckg461
(bhckg427 + bhckg432 + bhckg437 + bhckg442 + bhckg447 +
bhckg452 + bhckg457) eq bhckg462
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck6555 le
(bhck3190 + bhck4062)
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck6556 le
(bhck3190 + bhck4062)
(bhdmk169 + bhdmk170 + bhdmk171 + bhdmk172 + bhdmk173 +
bhdmk174 + bhdmk175 + bhdmk176 + bhdmk177 + bhckk183) le
(bhck5369 + bhckb528)
Sum of HC-N12a1aA through HC-N12a1aC must be less than (bhdmk045 + bhdmk046 + bhdmk047) le bhdmk169
or equal to HC-M6a1a1.
HC-M6a1a1 must be less than or equal to HC-C1a1B.
bhdmk169 le bhckf158
Sum of HC-N12a1bA through HC-N12a1bC must be less than (bhdmk048 + bhdmk049 + bhdmk050) le bhdmk170
or equal to HC-M6a1a2.
HC-M6a1a2 must be less than or equal to HC-C1a2B.
bhdmk170 le bhckf159
Sum of HC-N12a2A through HC-N12a2C must be less than or (bhdmk051 + bhdmk052 + bhdmk053) le bhdmk171
equal to HC-M6a1b.
HC-M6a1b must be less than or equal to HC-C1bB.
bhdmk171 le bhdm1420
Sum of HC-N12a3aA through HC-N12a3aC must be less than (bhdmk054 + bhdmk055 + bhdmk056) le bhdmk172
or equal to HC-M6a1c1.
HC-M6a1c1 must be less than or equal to HC-C1c1B.
bhdmk172 le bhdm1797
Sum of HC-N12a3b1A through HC-N12a3b1C must be less
(bhdmk057 + bhdmk058 + bhdmk059) le bhdmk173
than or equal to HC-M6a1c2a.
HC-M6a1c2a must be less than or equal to HC-C1c2aB.
bhdmk173 le bhdm5367
Sum of HC-N12a3b2A through HC-N12a3b2C must be less
(bhdmk060 + bhdmk061 + bhdmk062) le bhdmk174
than or equal to HC-M6a1c2b.
HC-M6a1c2b must be less than or equal to HC-C1c2bB.
bhdmk174 le bhdm5368
Sum of HC-N12a4A through HC-N12a4C must be less than or (bhdmk063 + bhdmk064 + bhdmk065) le bhdmk175
equal to HC-M6a1d.
HC-M6a1d must be less than or equal to HC-C1dB.
bhdmk175 le bhdm1460
Sum of HC-N12a5aA through HC-N12a5aC must be less than (bhdmk066 + bhdmk067 + bhdmk068) le bhdmk176
or equal to HC-M6a1e1.
HC-M6a1e1 must be less than or equal to HC-C1e1B.
bhdmk176 le bhckf160
Sum of HC-N12a5bA through HC-N12a5bC must be less than (bhdmk069 + bhdmk070 + bhdmk071) le bhdmk177
or equal to HC-M6a1e2.
HC-M6a1e2 must be less than or equal to HC-C1e2B.
bhdmk177 le bhckf161
Sum of HC-N12eA through HC-N12eC must be less than or
(bhckk087 + bhckk088 + bhckk089) le bhckk183
equal to HC-M6a5.
Sum of HC-M6b1 through HC-M6b6 must be less than or
(bhdmk187 + bhdmk188 + bhdmk189 + bhdmk190 + bhdmk191 +
equal to HC-7.
bhfnk260) le bhck2150
HC-M6b7 must be less than or equal to the sum of HC-M6b1 bhckk192 le (bhdmk187 + bhdmk188 + bhdmk189 + bhdmk190 +
through HC-M6b6.
bhdmk191 + bhfnk260)
HC-M6c must be less than or equal to the sum of HC-2a and bhckj461 le (bhckjj34 + bhck1773)
HC-2b.
HC-M8 must equal 1 (yes) or 0 (no) and must not be null.
bhckc251 eq 1 or bhckc251 eq 0 and bhckc251 ne null
FR Y-9C: CHK-7 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
99991231
99991231
99991231
99991231
Edit Change
Schedule Edit Type
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
Effective Start
Date
20150331
20150331
20150331
20150331
20180930
TargetItem
Validity
Validity
Validity
Validity
Validity
Edit
Number
2970
3025
0217
0218
3010
HC-M9
HC-M11
HC-M11N
HC-M11P
HC-M12c
MDRM
Number
BHCK6689
BHCK6416
TEXT6428
TEXT9009
BHCKJF76
No Change
No Change
No Change
No Change
No Change
HC-M
HC-M
HC-M
HC-M
HC-M
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
HC-M
HC-M
HC-M
HC-M
Validity
Validity
Validity
Validity
3050
3070
3071
3072
HC-M14c
HC-M15
HC-M17
HC-M18
BHCK2333
BHCKB569
BHCKC161
BHCKC159
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-M
HC-M
Validity
Validity
3073
3074
HC-M18
HC-M19a
BHCKC159
BHCKC700
FRY9C
20150331
99991231
No Change
HC-M
Validity
3076
HC-M19a
BHCKC700
FRY9C
20150331
99991231
No Change
HC-M
Validity
3077
HC-M19b
BHCKC701
FRY9C
20150331
99991231
No Change
HC-M
Validity
3078
HC-M19b
BHCKC701
FRY9C
20160930
99991231
No Change
HC-M
Validity
3079
HC-M20d
BHCK5047
FRY9C
20150331
99991231
No Change
HC-N
Validity
3080
HC-N1a1C
BHCKF176
FRY9C
20150331
99991231
No Change
HC-N
Validity
3085
HC-N1bC
BHCK3495
FRY9C
20150331
99991231
No Change
HC-N
Validity
3095
HC-N1c1C
BHCK5400
FRY9C
20150331
99991231
No Change
HC-N
Validity
3100
HC-N1c2aC
BHCKC229
FRY9C
20150331
99991231
No Change
HC-N
Validity
3105
HC-N1c2bC
BHCKC230
FRY9C
20150331
99991231
No Change
HC-N
Validity
3115
HC-N1dC
BHCK3501
FRY9C
20150331
99991231
No Change
HC-N
Validity
3120
HC-N1e1C
BHCKF182
FRY9C
20150331
99991231
No Change
HC-N
Validity
3125
HC-N1f
BHCKB574
FRY9C
20150331
99991231
No Change
HC-N
Validity
3135
HC-N2bC
BHCK5382
FRY9C
20150331
99991231
No Change
HC-N
Validity
3145
HC-N3C
BHCK1583
FRY9C
20150331
99991231
No Change
HC-N
Validity
3165
HC-N5aC
BHCKB577
FRY9C
20150331
99991231
No Change
HC-N
Validity
0225
HC-N5bC
BHCKK215
FRY9C
20150331
99991231
No Change
HC-N
Validity
3175
HC-N5cC
BHCKK218
FRY9C
20150331
99991231
No Change
HC-N
Validity
3185
HC-N6C
BHCK5391
September 2021
Edit Test
Alg Edit Test
HC-M9 must equal 1 (yes) or 0 (no) and must not be null.
HC-M11 must equal 1 (yes) or 0 (no) and must not be null.
HC-M11N must not be null.
HC-M11P must not be null.
Sum of HC-M12a, HC-M12b and HC-M12c must equal HCM12d.
Sum of HC-M14a through HC-M14c must equal HC-M14d.
HC-M15 must equal 1 (yes) or 0 (no) and must not be null.
HC-M17 must equal 1 (yes) or 0 (no) and must not be null.
If HC-M17 is equal to 1 (yes), then HC-M18 must equal 1
(yes) or 0 (no) and HC-M18 must not be null.
If HC-M17 is equal to 0 (no), then HC-M18 must equal null.
If HC-M17 and HC-M18 are equal to 1 (yes), then HC-M19a
must equal null.
If HC-M17 or HC-M18 is equal to 0 (no), then HC-M19a must
equal 1 (yes) or 0 (no) and HC-M19a must not be null.
If HC-M17 and HC-M18 are equal to 1 (yes), then HC-M19b
must equal null.
If HC-M17 or HC-M18 is equal to 0 (no), then HC-M19b must
equal 1 (yes) or 0 (no) and HC-M19b must not be null.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-M20d
must be less than or equal to the sum of HC-M20c1, HCM20c2, and HC-M20c3.
Sum of HC-N1a1A through HC-N1a1C must be less than or
equal to HC-C1a1B.
Sum of HC-N1bA through HC-N1bC must be less than or
equal to HC-C1bB.
Sum of HC-N1c1A through HC-N1c1C must be less than or
equal to HC-C1c1B.
Sum of HC-N1c2aA through HC-N1c2aC must be less than or
equal to HC-C1c2aB.
Sum of HC-N1c2bA through HC-N1c2bC must be less than or
equal to HC-C1c2bB.
Sum of HC-N1dA through HC-N1dC must be less than or
equal to HC-C1dB.
Sum of HC-N1e1A through HC-N1e1C must be less than or
equal to HC-C1e1B.
Sum of HC-N1fA through HC-N1fC must be less than or equal
to HC-C1A minus the sum of HC-C1a1B through HC-C1e2B.
bhck6689 eq 1 or bhck6689 eq 0 and bhck6689 ne null
bhck6416 eq 1 or bhck6416 eq 0 and bhck6416 ne null
text6428 ne null
text9009 ne null
(bhck3164 + bhck3163 + bhckjf76) eq bhct2143
Sum of HC-N2aA through HC-N2bC must be less than or
equal to the sum of HC-C2aA and HC-C2bA.
Sum of HC-N3A through HC-N3C must be less than or equal
to HC-C3A.
Sum of HC-N5aA through HC-N5aC must be less than or
equal to HC-C6aA.
Sum of HC-N5bA through HC-N5bC must be less than or
equal to HC-C6cA.
Sum of HC-N5cA through HC-N5cC must be less than or
equal to the sum of HC-C6bA and HC-C6dA.
Sum of HC-N6A through HC-N6C must be less than or equal
to HC-C7A.
(bhck2309 + bhck2332 + bhck2333) eq bhct3190
bhckb569 eq 1 or bhckb569 eq 0 and bhckb569 ne null
bhckc161 eq 1 or bhckc161 eq 0 and bhckc161 ne null
if bhckc161 eq 1 then bhckc159 eq 1 or bhckc159 eq 0 and
bhckc159 ne null
if bhckc161 eq 0 then bhckc159 eq null
if (bhckc161 eq 1 and bhckc159 eq 1) then bhckc700 eq null
if (bhckc161 eq 0 or bhckc159 eq 0) then (bhckc700 eq 1 or
bhckc700 eq 0) and bhckc700 ne null
if (bhckc161 eq 1 and bhckc159 eq 1) then bhckc701 eq null
if (bhckc161 eq 0 or bhckc159 eq 0) then (bhckc701 eq 1 or
bhckc701 eq 0) and bhckc701 ne null
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck5047 le
(bhck5041 + bhck5043 + bhck5045)
(bhckf172 + bhckf174 + bhckf176) le bhckf158
(bhck3493 + bhck3494 + bhck3495) le bhdm1420
(bhck5398 + bhck5399 + bhck5400) le bhdm1797
(bhckc236 + bhckc237 + bhckc229) le bhdm5367
(bhckc238 + bhckc239 + bhckc230) le bhdm5368
(bhck3499 + bhck3500 + bhck3501) le bhdm1460
(bhckf178 + bhckf180 + bhckf182) le bhckf160
(bhckb572 + bhckb573 + bhckb574) le (bhck1410 - (bhckf158 +
bhckf159 + bhdm1420 + bhdm1797 + bhdm5367 + bhdm5368 +
bhdm1460 + bhckf160 + bhckf161))
(bhck5377 + bhck5378 + bhck5379 + bhck5380 + bhck5381 +
bhck5382) le (bhck1292 + bhck1296)
(bhck1594 + bhck1597 + bhck1583) le bhck1590
(bhckb575 + bhckb576 + bhckb577) le bhckb538
(bhckk213 + bhckk214 + bhckk215) le bhckk137
(bhckk216 + bhckk217 + bhckk218) le (bhckb539 + bhckk207)
(bhck5389 + bhck5390 + bhck5391) le bhck2081
FR Y-9C: CHK-8 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20150331
TargetItem
Validity
Edit
Number
3205
HC-N8aC
MDRM
Number
BHCKF168
Edit Test
Alg Edit Test
No Change
HC-N
(bhckf166 + bhckf167 + bhckf168) le bhckf162
BHCK1406
Sum of HC-N8aA through HC-N8aC must be less than or
equal to HC-C10aA.
Sum of HC-N8bA through HC-N8bC must be less than or
equal to HC-C10bA.
Sum of HC-N8cA through HC-N8cC must be less than or
equal to HC-C10cA.
HC-N9A must equal the sum of HC-N1a1A through HC-N8cA.
FRY9C
20150331
99991231
No Change
HC-N
Validity
3206
HC-N8bC
BHCKF171
FRY9C
20191231
99991231
No Change
HC-N
Validity
3207
HC-N8cC
BHCKF171
FRY9C
20191231
99991231
No Change
HC-N
Validity
1025
HC-N9A
FRY9C
20191231
99991231
No Change
HC-N
Validity
1027
HC-N9B
BHCK1407
HC-N9B must equal the sum of HC-N1a1B through HC-N8cB.
FRY9C
20191231
99991231
No Change
HC-N
Validity
1029
HC-N9C
BHCK1403
HC-N9C must equal the sum of HC-N1a1C through HC-N8cC.
FRY9C
20190331
99991231
No Change
HC-N
Validity
3215
HC-N10C
BHCK3507
HC-N
Validity
3270
HC-N11A
BHCKK036
Sum of HC-N10A through HC-N10C must be less than or
equal to the sum of HC-1a through HC-3b, HC-5, and HC-10
and HC-11.
HC-N11A must be less than or equal to the sum of HC-N1a1A
through HC-N8cA.
FRY9C
20191231
99991231
No Change
FRY9C
20191231
99991231
No Change
HC-N
Validity
3280
HC-N11B
BHCKK037
HC-N11B must be less than or equal to the sum of HC-N1a1B
through HC-N8cB.
FRY9C
20191231
99991231
No Change
HC-N
Validity
3290
HC-N11C
BHCKK038
HC-N11C must be less than or equal to the sum of HC-N1a1C
through HC-N8cC.
FRY9C
20150331
99991231
No Change
HC-N
Validity
3310
HC-N11aA
BHCKK039
FRY9C
20150331
99991231
No Change
HC-N
Validity
3320
HC-N11aB
BHCKK040
FRY9C
20150331
99991231
No Change
HC-N
Validity
3330
HC-N11aC
BHCKK041
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
No Change
No Change
No Change
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
Validity
Validity
Validity
Validity
Validity
Validity
Validity
0231
0232
0233
0234
0235
0236
0237
HC-N12a1aA
HC-N12a1aB
HC-N12a1aC
HC-N12a1bA
HC-N12a1bB
HC-N12a1bC
HC-N12a2A
BHDMK045
BHDMK046
BHDMK047
BHDMK048
BHDMK049
BHDMK050
BHDMK051
Sum of HC-N11aA and HC-N11bA must be less than or equal
to HC-N11A.
Sum of HC-N11aB and HC-N11bB must be less than or equal
to HC-N11B.
Sum of HC-N11aC and HC-N11bC must be less than or equal
to HC-N11C.
HC-N12a1aA must be less than or equal to HC-N1a1A.
HC-N12a1aB must be less than or equal to HC-N1a1B.
HC-N12a1aC must be less than or equal to HC-N1a1C.
HC-N12a1bA must be less than or equal to HC-N1a2A.
HC-N12a1bB must be less than or equal to HC-N1a2B.
HC-N12a1bC must be less than or equal to HC-N1a2C.
HC-N12a2A must be less than or equal to HC-N1bA.
September 2021
(bhckf169 + bhckf170 + bhckf171) le bhckf163
(bhckkx63 + bhckkx64 + bhckkx65) le bhckkx58
bhck1406 eq (bhckf172 + bhckf173 + bhck3493 + bhck5398 +
bhckc236 + bhckc238 + bhck3499 + bhckf178 + bhckf179 +
bhckb572 + bhck5377 + bhck5380 + bhck1594 + bhck1606 +
bhckb575 + bhckk213 + bhckk216 + bhck5389 + bhck5459 +
bhckf166 + bhckf169 + bhckkx63)
bhck1407 eq (bhckf174 + bhckf175 + bhck3494 + bhck5399 +
bhckc237 + bhckc239 + bhck3500 + bhckf180 + bhckf181 +
bhckb573 + bhck5378 + bhck5381 + bhck1597 + bhck1607 +
bhckb576 + bhckk214 + bhckk217 + bhck5390 + bhck5460 +
bhckf167 + bhckf170 + bhckkx64)
bhck1403 eq (bhckf176 + bhckf177 + bhck3495 + bhck5400 +
bhckc229 + bhckc230 + bhck3501 + bhckf182 + bhckf183 +
bhckb574 + bhck5379 + bhck5382 + bhck1583 + bhck1608 +
bhckb577 + bhckk215 + bhckk218 + bhck5391 + bhck5461 +
bhckf168 + bhckf171 + bhckkx65)
(bhck3505 + bhck3506 + bhck3507) le (bhck0081 + bhck0395 +
bhck0397 + bhckjj34 + bhck1773 + bhckja22 + bhdmb987 +
bhckb989 + bhck3545 + bhck2143 + bhck2160)
bhckk036 le (bhckf172 + bhckf173 + bhck3493 + bhck5398 +
bhckc236 + bhckc238 + bhck3499 + bhckf178 + bhckf179 +
bhckb572 + bhck5377 + bhck5380 + bhck1594 + bhck1606 +
bhckb575 + bhckk213 + bhckk216 + bhck5389 + bhck5459 +
bhckf166 + bhckf169 + bhckkx63)
bhckk037 le (bhckf174 + bhckf175 + bhck3494 + bhck5399 +
bhckc237 + bhckc239 + bhck3500 + bhckf180 + bhckf181 +
bhckb573 + bhck5378 + bhck5381 + bhck1597 + bhck1607 +
bhckb576 + bhckk214 + bhckk217 + bhck5390 + bhck5460 +
bhckf167 + bhckf170 + bhckkx64)
bhckk038 le (bhckf176 + bhckf177 + bhck3495 + bhck5400 +
bhckc229 + bhckc230 + bhck3501 + bhckf182 + bhckf183 +
bhckb574 + bhck5379 + bhck5382 + bhck1583 + bhck1608 +
bhckb577 + bhckk215 + bhckk218 + bhck5391 + bhck5461 +
bhckf168 + bhckf171 + bhckkx65)
(bhckk039 + bhckk042) le bhckk036
(bhckk040 + bhckk043) le bhckk037
(bhckk041 + bhckk044) le bhckk038
bhdmk045 le bhckf172
bhdmk046 le bhckf174
bhdmk047 le bhckf176
bhdmk048 le bhckf173
bhdmk049 le bhckf175
bhdmk050 le bhckf177
bhdmk051 le bhck3493
FR Y-9C: CHK-9 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
Edit Change
Schedule Edit Type
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
Effective Start
Date
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20191231
TargetItem
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Edit
Number
0238
0239
0240
0241
0242
0243
0244
0245
0246
0247
0248
0249
0250
0251
0252
0253
0254
0255
0256
0257
0273
HC-N12a2B
HC-N12a2C
HC-N12a3aA
HC-N12a3aB
HC-N12a3aC
HC-N12a3b1A
HC-N12a3b1B
HC-N12a3b1C
HC-N12a3b2A
HC-N12a3b2B
HC-N12a3b2C
HC-N12a4A
HC-N12a4B
HC-N12a4C
HC-N12a5aA
HC-N12a5aB
HC-N12a5aC
HC-N12a5bA
HC-N12a5bB
HC-N12a5bC
HC-N12eA
MDRM
Number
BHDMK052
BHDMK053
BHDMK054
BHDMK055
BHDMK056
BHDMK057
BHDMK058
BHDMK059
BHDMK060
BHDMK061
BHDMK062
BHDMK063
BHDMK064
BHDMK065
BHDMK066
BHDMK067
BHDMK068
BHDMK069
BHDMK070
BHDMK071
BHCKK087
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
FRY9C
20180331
99991231
No Change
HC-N
Validity
0274
HC-N12eB
BHCKK088
FRY9C
20180331
99991231
No Change
HC-N
Validity
0275
HC-N12eC
BHCKK089
FRY9C
20180331
99991231
No Change
HC-N
Validity
0276
HC-N12fA
BHCKK102
FRY9C
20180331
99991231
No Change
HC-N
Validity
0277
HC-N12fB
BHCKK103
FRY9C
20180331
99991231
No Change
HC-N
Validity
0278
HC-N12fC
BHCKK104
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
No Change
No Change
No Change
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
Validity
Validity
Validity
Validity
Validity
Validity
Validity
0279
0280
0281
0282
0283
0284
0285
HC-NM1a1A
HC-NM1a1B
HC-NM1a1C
HC-NM1a2A
HC-NM1a2B
HC-NM1a2C
HC-NM1bA
BHDMK105
BHDMK106
BHDMK107
BHDMK108
BHDMK109
BHDMK110
BHCKF661
FRY9C
20150331
99991231
No Change
HC-N
Validity
0286
HC-NM1bB
BHCKF662
September 2021
Edit Test
Alg Edit Test
HC-N12a2B must be less than or equal to HC-N1bB.
HC-N12a2C must be less than or equal to HC-N1bC.
HC-N12a3aA must be less than or equal to HC-N1c1A.
HC-N12a3aB must be less than or equal to HC-N1c1B.
HC-N12a3aC must be less than or equal to HC-N1c1C.
HC-N12a3b1A must be less than or equal to HC-N1c2aA.
HC-N12a3b1B must be less than or equal to HC-N1c2aB.
HC-N12a3b1C must be less than or equal to HC-N1c2aC.
HC-N12a3b2A must be less than or equal to HC-N1c2bA.
HC-N12a3b2B must be less than or equal to HC-N1c2bB.
HC-N12a3b2C must be less than or equal to HC-N1c2bC.
HC-N12a4A must be less than or equal to HC-N1dA.
HC-N12a4B must be less than or equal to HC-N1dB.
HC-N12a4C must be less than or equal to HC-N1dC.
HC-N12a5aA must be less than or equal to HC-N1e1A.
HC-N12a5aB must be less than or equal to HC-N1e1B.
HC-N12a5aC must be less than or equal to HC-N1e1C.
HC-N12a5bA must be less than or equal to HC-N1e2A.
HC-N12a5bB must be less than or equal to HC-N1e2B.
HC-N12a5bC must be less than or equal to HC-N1e2C.
HC-N12eA must be less than or equal to the sum of HC-N1fA
through HC-N8cA.
bhdmk052 le bhck3494
bhdmk053 le bhck3495
bhdmk054 le bhck5398
bhdmk055 le bhck5399
bhdmk056 le bhck5400
bhdmk057 le bhckc236
bhdmk058 le bhckc237
bhdmk059 le bhckc229
bhdmk060 le bhckc238
bhdmk061 le bhckc239
bhdmk062 le bhckc230
bhdmk063 le bhck3499
bhdmk064 le bhck3500
bhdmk065 le bhck3501
bhdmk066 le bhckf178
bhdmk067 le bhckf180
bhdmk068 le bhckf182
bhdmk069 le bhckf179
bhdmk070 le bhckf181
bhdmk071 le bhckf183
bhckk087 le (bhckb572 + bhck5377 + bhck5380 + bhck1594 +
bhck1606 + bhckb575 + bhckk213 + bhckk216 + bhck5389 +
bhck5459 + bhckf166 + bhckf169 + bhckkx63)
HC-N12eB must be less than or equal to the sum of HC-N1fB bhckk088 le (bhckb573 + bhck5378 + bhck5381 + bhck1597 +
through HC-N8bB.
bhck1607 + bhckb576 + bhckk214 +
bhckk217 + bhck5390 + bhck5460 + bhckf167 + bhckf170)
HC-N12eC must be less than or equal to the sum of HC-N1fC bhckk089 le (bhckb574 + bhck5379 + bhck5382 + bhck1583 +
through HC-N8bC.
bhck1608 + bhckb577 + bhckk215 +
bhckk218 + bhck5391 + bhck5461 + bhckf168 + bhckf171)
HC-N12fA must be less than or equal to the sum of HCbhckk102 le (bhdmk045 + bhdmk048 + bhdmk051 + bhdmk054 +
N12a1aA through HC-N12eA.
bhdmk057 + bhdmk060 + bhdmk063 + bhdmk066 + bhdmk069 +
bhckk087)
HC-N12fB must be less than or equal to the sum of HCbhckk103 le (bhdmk046 + bhdmk049 + bhdmk052 + bhdmk055 +
N12a1aB through HC-N12eB.
bhdmk058 + bhdmk061 + bhdmk064 + bhdmk067 + bhdmk070 +
bhckk088)
HC-N12fC must be less than or equal to the sum of HCbhckk104 le (bhdmk047 + bhdmk050 + bhdmk053 + bhdmk056 +
N12a1aC through HC-N12eC.
bhdmk059 + bhdmk062 + bhdmk065 + bhdmk068 + bhdmk071 +
bhckk089)
HC-NM1a1A must be less than or equal to HC-N1a1A.
bhdmk105 le bhckf172
HC-NM1a1B must be less than or equal to HC-N1a1B.
bhdmk106 le bhckf174
HC-NM1a1C must be less than or equal to HC-N1a1C.
bhdmk107 le bhckf176
HC-NM1a2A must be less than or equal to HC-N1a2A.
bhdmk108 le bhckf173
HC-NM1a2B must be less than or equal to HC-N1a2B.
bhdmk109 le bhckf175
HC-NM1a2C must be less than or equal to HC-N1a2C.
bhdmk110 le bhckf177
HC-NM1bA must be less than or equal to the sum of HCbhckf661 le (bhck5398 + bhckc236 + bhckc238)
N1c1A, HC-N1c2aA, and HC-N1c2bA.
HC-NM1bB must be less than or equal to the sum of HCbhckf662 le (bhck5399 + bhckc237 + bhckc239)
N1c1B, HC-N1c2aB, and HC-N1c2bB.
FR Y-9C: CHK-10 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20150331
TargetItem
Validity
Edit
Number
0287
HC-NM1bC
MDRM
Number
BHCKF663
No Change
HC-N
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20191231
99991231
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
No Change
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
0288
0289
0290
0291
0292
0293
0294
0295
0296
0297
HC-NM1cA
HC-NM1cB
HC-NM1cC
HC-NM1d1A
HC-NM1d1B
HC-NM1d1C
HC-NM1d2A
HC-NM1d2B
HC-NM1d2C
HC-NM1e2A
BHDMK111
BHDMK112
BHDMK113
BHDMK114
BHDMK115
BHDMK116
BHDMK117
BHDMK118
BHDMK119
BHCKK123
FRY9C
20201231
99991231
No Change
HC-N
Validity
0298
HC-NM1e2B
BHCKK124
FRY9C
20191231
99991231
No Change
HC-N
Validity
0299
HC-NM1e2C
BHCKK125
FRY9C
20150331
99991231
No Change
HC-N
Validity
0300
HC-NM1fA
BHCKK126
FRY9C
20150331
99991231
No Change
HC-N
Validity
0301
HC-NM1fB
BHCKK127
FRY9C
20150331
99991231
No Change
HC-N
Validity
0302
HC-NM1fC
BHCKK128
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20160930
20160930
20160930
20160930
20160930
20160930
20160930
20160930
20160930
20160930
20160930
20160930
20160930
99991231
99991231
99991231
99991231
99991231
99991231
99991231
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
No Change
No Change
No Change
No Change
No Change
No Change
No Change
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
HC-N
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
Validity
0388
0389
0390
0394
0395
0396
0397
0398
0399
0400
0401
0402
0403
0404
0405
0385
HC-NM1f1A
HC-NM1f1B
HC-NM1f1C
HC-NM1f2A
HC-NM1f2B
HC-NM1f2C
HC-NM1f3aA
HC-NM1f3aB
HC-NM1f3aC
HC-NM1f3bA
HC-NM1f3bB
HC-NM1f3bC
HC-NM1f3cA
HC-NM1f3cB
HC-NM1f3cC
HC-NM1f3cA
BHDMK130
BHDMK131
BHDMK132
BHCKK138
BHCKK139
BHCKK140
BHCKK274
BHCKK275
BHCKK276
BHCKK277
BHCKK278
BHCKK279
BHCKK280
BHCKK281
BHCKK282
BHCKK280
FRY9C
20160930
99991231
No Change
HC-N
Validity
0386
HC-NM1f3cB
BHCKK281
FRY9C
20160930
99991231
No Change
HC-N
Validity
0387
HC-NM1f3cC
BHCKK282
September 2021
Edit Test
Alg Edit Test
HC-NM1bC must be less than or equal to the sum of HCN1c1C, HC-N1c2aC, and HC-N1c2bC.
HC-NM1cA must be less than or equal to HC-N1dA.
HC-NM1cB must be less than or equal to HC-N1dB.
HC-NM1cC must be less than or equal to HC-N1dC.
HC-NM1d1A must be less than or equal to HC-N1e1A.
HC-NM1d1B must be less than or equal to HC-N1e1B.
HC-NM1d1C must be less than or equal to HC-N1e1C.
HC-NM1d2A must be less than or equal to HC-N1e2A.
HC-NM1d2B must be less than or equal to HC-N1e2B.
HC-NM1d2C must be less than or equal to HC-N1e2C.
Sum of HC-NM1e1A through HC-NM1e3A must be less than
or equal to HC-N4A.
Sum of HC-NM1e1B through HC-NM1e3B must be less than
or equal to HC-N4B.
Sum of HC-NM1e1C through HC-NM1e3C must be less than
or equal to HC-N4C.
HC-NM1fA must be less than or equal to the sum of HCN1bA, HC-N1fA, HC-N2aA, HC-N2bA, HC-N3A, HC-N5aA, HCN5bA, HC-N5cA, HC-N6A, and HC-N7A.
HC-NM1fB must be less than or equal to the sum of HCN1bB, HC-N1fB, HC-N2aB, HC-N2bB, HC-N3B, HC-N5aB, HCN5bB, HC-N5cB, HC-N6B, HC-N7B.
HC-NM1fC must be less than or equal to the sum of HCN1bC, HC-N1fC, HC-N2aC, HC-N2bC, HC-N3C, HC-N5aC, HCN5bC, HC-N5cC, HC-N6C, HC-N7C.
HC-NM1f1A must be less than or equal to HC-N1bA.
HC-NM1f1B must be less than or equal to HC-N1bB.
HC-NM1f1C must be less than or equal to HC-N1bC.
HC-NM1f2A must be less than or equal to HC-N3A.
HC-NM1f2B must be less than or equal to HC-N3B.
HC-NM1f2C must be less than or equal to HC-N3C.
HC-NM1f3aA must be less than or equal to HC-N5aA.
HC-NM1f3aB must be less than or equal to HC-N5aB.
HC-NM1f3aC must be less than or equal to HC-N5aC.
HC-NM1f3bA must be less than or equal to HC-N5bA.
HC-NM1f3bB must be less than or equal to HC-N5bB.
HC-NM1f3bC must be less than or equal to HC-N5bC.
HC-NM1f3cA must be less than or equal to HC-N5cA.
HC-NM1f3cB must be less than or equal to HC-N5cB.
HC-NM1f3cC must be less than or equal to HC-N5cC.
Sum of HC-NM1f1A through HC-NM1f3cA must be less than
or equal to HC-NM1fA.
Sum of HC-NM1f1B through HC-NM1f3cB must be less than
or equal to HC-NM1fB.
Sum of HC-NM1f1C through HC-NM1f3cC must be less than
or equal to HC-NM1fC.
bhckf663 le (bhck5400 + bhckc229 + bhckc230)
bhdmk111 le bhck3499
bhdmk112 le bhck3500
bhdmk113 le bhck3501
bhdmk114 le bhckf178
bhdmk115 le bhckf180
bhdmk116 le bhckf182
bhdmk117 le bhckf179
bhdmk118 le bhckf181
bhdmk119 le bhckf183
(bhckk120 + bhckk123 + bhckkx66) le bhck1606
(bhckk121 + bhckk124 + bhckkx67) le bhck1607
(bhckk122 + bhckk125 + bhckkx68) le bhck1608
bhckk126 le (bhck3493 + bhckb572 + bhck5377 + bhck5380 +
bhck1594 + bhckb575 + bhckk213 + bhckk216 + bhck5389 +
bhck5459)
bhckk127 le (bhck3494 + bhckb573 + bhck5378 + bhck5381 +
bhck1597 + bhckb576 + bhckk214 + bhckk217 + bhck5390 +
bhck5460)
bhckk128 le (bhck3495 + bhckb574 + bhck5379 + bhck5382 +
bhck1583 + bhckb577 + bhckk215 + bhckk218 + bhck5391 +
bhck5461)
bhdmk130 le bhck3493
bhdmk131 le bhck3494
bhdmk132 le bhck3495
bhckk138 le bhck1594
bhckk139 le bhck1597
bhckk140 le bhck1583
bhckk274 le bhckb575
bhckk275 le bhckb576
bhckk276 le bhckb577
bhckk277 le bhckk213
bhckk278 le bhckk214
bhckk279 le bhckk215
bhckk280 le bhckk216
bhckk281 le bhckk217
bhckk282 le bhckk218
(bhdmk130 + bhckk138 + bhckk274 + bhckk277 + bhckk280) le
bhckk126
(bhdmk131 + bhckk139 + bhckk275 + bhckk278 + bhckk281) le
bhckk127
(bhdmk132 + bhckk140 + bhckk276 + bhckk279 + bhckk282) le
bhckk128
FR Y-9C: CHK-11 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20190331
TargetItem
Validity
Edit
Number
1031
Edit Test
Alg Edit Test
HC-NM1gA
MDRM
Number
BHCKHK26
No Change
HC-N
HC-NM1gA must be less than or equal to the sum of HCN1a1A through HC-N7A.
1033
HC-NM1gB
BHCKHK27
HC-NM1gB must be less than or equal to the sum of HCN1a1B through HC-N7B.
Validity
1035
HC-NM1gC
BHCKHK28
HC-NM1gC must be less than or equal to the sum of HCN1a1C through HC-N7C.
HC-N
Validity
3400
HC-NM2A
BHCK6558
No Change
HC-N
Validity
3410
HC-NM2B
BHCK6559
99991231
No Change
HC-N
Validity
3420
HC-NM2C
BHCK6560
20150331
99991231
No Change
HC-N
Validity
3430
HC-NM2C
BHCK6560
FRY9C
20191231
99991231
No Change
HC-N
Validity
3445
HC-NM3A
BHCK3508
HC-NM2A must be less than or equal to the sum of HC-N4A
and HC-N7A.
HC-NM2B must be less than or equal to the sum of HC-N4B
and HC-N7B.
HC-NM2C must be less than or equal to the sum of HC-N4C
and HC-N7C.
Sum of HC-NM2A through HC-NM2C must be less than or
equal to HC-CM2.
HC-NM3A must be less than or equal to the sum of HCN1a1A through HC-N1fA, HC-N2bA, and HC-N4A through HCN8cA.
bhckhk26 le (bhckf172 + bhckf173 + bhck3493 + bhck5398 +
bhckc236 + bhckc238 + bhck3499 + bhckf178 + bhckf179 +
bhckb572 + bhck5377 + bhck5380 + bhck1594 + bhck1606 +
bhckb575 + bhckk213 + bhckk216 + bhck5389 + bhck5459)
bhckhk27 le (bhckf174 + bhckf175 + bhck3494 + bhck5399 +
bhckc237 + bhckc239 + bhck3500 + bhckf180 + bhckf181 +
bhckb573 + bhck5378 + bhck5381 + bhck1597 + bhck1607 +
bhckb576 + bhckk214 + bhckk217 + bhck5390 + bhck5460)
bhckhk28 le (bhckf176 + bhckf177 + bhck3495 + bhck5400 +
bhckc229 + bhckc230 + bhck3501 + bhckf182 + bhckf183 +
bhckb574 + bhck5379 + bhck5382 + bhck1583 + bhck1608 +
bhckb577 + bhckk215 + bhckk218 + bhck5391 + bhck5461)
bhck6558 le (bhck1606 + bhck5459)
FRY9C
20190331
99991231
No Change
HC-N
Validity
FRY9C
20190331
99991231
No Change
HC-N
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
FRY9C
20150331
FRY9C
FRY9C
20191231
99991231
No Change
HC-N
Validity
3455
HC-NM3B
BHCK1912
FRY9C
20191231
99991231
No Change
HC-N
Validity
3460
HC-NM3C
BHCK1913
FRY9C
20191231
99991231
No Change
HC-N
Validity
3465
HC-NM5A
BHCKC240
FRY9C
20191231
99991231
No Change
HC-N
Validity
3470
HC-NM5B
BHCKC241
FRY9C
20191231
99991231
No Change
HC-N
Validity
3475
HC-NM5C
BHCKC226
FRY9C
20180331
99991231
No Change
HC-Q
Validity
0142
HC-Q1A
BHCYJA36
September 2021
bhck6559 le (bhck1607 + bhck5460)
bhck6560 le (bhck1608 + bhck5461)
(bhck6558 + bhck6559 + bhck6560) le bhck2746
bhck3508 le (bhckf172 + bhckf173 + bhck3493 + bhck5398 +
bhckc236 + bhckc238 + bhck3499 + bhckf178 + bhckf179 +
bhckb572 + bhck5380 + bhck1606 + bhckb575 + bhckk213 +
bhckk216 + bhck5389 + bhck5459 + bhckf166 + bhckf169 +
bhckkx63)
HC-NM3B must be less than or equal to the sum of HCbhck1912 le (bhckf174 + bhckf175 + bhck3494 + bhck5399 +
N1a1B through HC-N1fB, HC-N2bB, and HC-N4B through HC- bhckc237 + bhckc239 + bhck3500 + bhckf180 + bhckf181 +
N8cB.
bhckb573 + bhck5381 + bhck1607 + bhckb576 + bhckk214 +
bhckk217 + bhck5390 + bhck5460 + bhckf167 + bhckf170 +
bhckkx64)
HC-NM3C must be less than or equal to the sum of HCbhck1913 le (bhckf176 + bhckf177 + bhck3495 + bhck5400 +
N1a1C through HC-N1fC, HC-N2bC, and HC-N4C through HC- bhckc229 + bhckc230 + bhck3501 + bhckf182 + bhckf183 +
N8cC.
bhckb574 + bhck5382 + bhck1608 + bhckb577 + bhckk215 +
bhckk218 + bhck5391 + bhck5461 + bhckf168 + bhckf171 +
bhckkx65)
HC-NM5A must be less than or equal to the sum of HCbhckc240 le (bhckf172 + bhckf173 + bhck3493 + bhck5398 +
N1a1A through HC-N8cA.
bhckc236 + bhckc238 + bhck3499 + bhckf178 + bhckf179 +
bhckb572 + bhck5377 + bhck5380 + bhck1594 + bhck1606 +
bhckb575 + bhckk213 + bhckk216 + bhck5389 + bhck5459 +
bhckf166 + bhckf169 + bhckkx63)
HC-NM5B must be less than or equal to the sum of HCbhckc241 le (bhckf174 + bhckf175 + bhck3494 + bhck5399 +
N1a1B through HC-N8cB.
bhckc237 + bhckc239 + bhck3500 + bhckf180 + bhckf181 +
bhckb573 + bhck5378 + bhck5381 + bhck1597 + bhck1607 +
bhckb576 + bhckk214 + bhckk217 + bhck5390 + bhck5460 +
bhckf167 + bhckf170 + bhckkx64)
HC-NM5C must be less than or equal to the sum of HCbhckc226 le (bhckf176 + bhckf177 + bhck3495 + bhck5400 +
N1a1C through HC-N8cC.
bhckc229 + bhckc230 + bhck3501 + bhckf182 + bhckf183 +
bhckb574 + bhck5379 + bhck5382 + bhck1583 + bhck1608 +
bhckb577 + bhckk215 + bhckk218 + bhck5391 + bhck5461 +
bhckf168 + bhckf171 + bhckkx65)
Sum of HC-Q1C, HC-Q1D, and HC-Q1E less HC-Q1B must be ((bhckg475 + bhckg476 + bhckg477) - bhckg474) eq bhcyja36
equal to HC-Q1A.
FR Y-9C: CHK-12 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20210331
TargetItem
Validity
Edit
Number
0219
HC-Q1A
MDRM
Number
BHCYJA36
No Change
HC-Q
FRY9C
20160930
99991231
No Change
HC-Q
Validity
0143
HC-Q2A
BHCKG478
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0182
HC-Q3A
BHCKG483
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0183
HC-Q4A
BHCKG488
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0147
HC-Q5aA
BHCT3543
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-Q
HC-Q
Validity
Validity
0215
0184
HC-Q5aA
HC-Q5bA
BHCT3543
BHCKG497
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0144
HC-Q5b1A
BHCKF240
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0145
HC-Q6A
BHCKG391
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0185
HC-Q7A
BHCKG502
FRY9C
20180331
99991231
No Change
HC-Q
Validity
0203
HC-Q7A
BHCKG502
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0204
HC-Q7B
BHCKG503
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0205
HC-Q7C
BHCKG504
FRY9C
20160930
99991231
No Change
HC-Q
Validity
0206
HC-Q7D
BHCKG505
FRY9C
20160930
99991231
No Change
HC-Q
Validity
0207
HC-Q7E
BHCKG506
FRY9C
20160930
99991231
No Change
HC-Q
Validity
0146
HC-Q8A
BHCKF252
FRY9C
20160930
99991231
No Change
HC-Q
Validity
0186
HC-Q9A
BHCKG507
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0187
HC-Q10aA
BHCT3547
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-Q
HC-Q
Validity
Validity
0216
0188
HC-Q10aA
HC-Q10bA
BHCT3547
BHCKG516
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0189
HC-Q11A
BHCKG521
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0190
HC-Q12A
BHCKG526
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0148
HC-Q13A
BHCKG805
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0191
HC-Q14A
BHCKG531
September 2021
Edit Test
Alg Edit Test
If HC-Q1A is not null, then HC-Q1A must equal the sum of HC- if bhcyja36 ne null then bhcyja36 eq bhck1773 + bhckja22
2b and HC-2c.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, ((bhckg480 +
HC-Q2C, HC-Q2D, and HC-Q2E less HC-Q2B must be equal to bhckg481 + bhckg482) - bhckg479) eq bhckg478
HC-Q2A.
Sum of HC-Q3C, HC-Q3D, and HC-Q3E less HC-Q3B must be ((bhckg485 + bhckg486 + bhckg487) - bhckg484) eq bhckg483
equal to HC-Q3A.
Sum of HC-Q4C, HC-Q4D, and HC-Q4E less HC-Q4B must be ((bhckg490 + bhckg491 + bhckg492) - bhckg489) eq bhckg488
equal to HC-Q4A.
Sum of HC-Q5aC, HC-Q5aD, and HC-Q5aE less HC-Q5aB must ((bhckg494 + bhckg495 + bhckg496) - bhckg493) eq bhct3543
be equal to HC-Q5aA.
If HC-D12A is not null, then HC-Q5aA must equal HC-D11A. if bhct3545 ne null then bhct3543 eq bhcm3543
Sum of HC-Q5bC, HC-Q5bD, and HC-Q5bE less HC-Q5bB
((bhckg499 + bhckg500 + bhckg501) - bhckg498) eq bhckg497
must be equal to HC-Q5bA.
Sum of HC-Q5b1C, HC-Q5b1D, and HC-Q5b1E less HC-Q5b1B ((bhckf692 + bhckf241 + bhckf242) - bhckf684) eq bhckf240
must be equal to HC-Q5b1A.
Sum of HC-Q6C, HC-Q6D, and HC-Q6E less HC-Q6B must be ((bhckg395 + bhckg396 + bhckg804) - bhckg392) eq bhckg391
equal to HC-Q6A.
Sum of HC-Q7C, HC-Q7D, and HC-Q7E less HC-Q7B must be ((bhckg504 + bhckg505 + bhckg506) - bhckg503) eq bhckg502
equal to HC-Q7A.
Sum of HC-Q1A, HC-Q2A, HC-Q3A, HC-Q4A, HC-Q5aA, HC(bhcyja36 + bhckg478 + bhckg483 + bhckg488 + bhct3543 +
Q5bA and HC-Q6A must equal HC-Q7A.
bhckg497 + bhckg391) eq bhckg502
Sum of HC-Q1B, HC-Q2B, HC-Q3B, HC-Q4B, HC-Q5aB, HC(bhckg474 + bhckg479 + bhckg484 + bhckg489 + bhckg493 +
Q5bB and HC-Q6B must equal HC-Q7B.
bhckg498 + bhckg392) eq bhckg503
Sum of HC-Q1C, HC-Q2C, HC-Q3C, HC-Q4C, HC-Q5aC, HC(bhckg475 + bhckg480 + bhckg485 + bhckg490 + bhckg494 +
Q5bC and HC-Q6C must equal HC-Q7C.
bhckg499 + bhckg395) eq bhckg504
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhckg476 +
HC-Q1D, HC-Q2D, HC-Q3D, HC-Q4D, HC-Q5aD, HC-Q5bD and bhckg481 + bhckg486 + bhckg491 + bhckg495 + bhckg500 +
HC-Q6D must equal HC-Q7D.
bhckg396) eq bhckg505
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhckg477 +
HC-Q1E, HC-Q2E, HC-Q3E, HC-Q4E, HC-Q5aE, HC-Q5bE and bhckg482 + bhckg487 + bhckg492 + bhckg496 + bhckg501 +
HC-Q6E must equal HC-Q7E.
bhckg804) eq bhckg506
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, ((bhckf694 +
HC-Q8C, HC-Q8D, and HC-Q8E less HC-Q8B must be equal to bhckf253 + bhckf254) - bhckf686) eq bhckf252
HC-Q8A.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, ((bhckg509 +
HC-Q9C, HC-Q9D, and HC-Q9E less HC-Q9B must be equal to bhckg510 + bhckg511) - bhckg508) eq bhckg507
HC-Q9A.
Sum of HC-Q10aC, HC-Q10aD, and HC-Q10aE less HC-Q10aB ((bhckg513 + bhckg514 + bhckg515) - bhckg512) eq bhct3547
must be equal to HC-Q10aA.
If HC-D15A is not null, then HC-Q10aA must equal HC-D14A. if bhct3548 ne null then bhct3547 eq bhck3547
Sum of HC-Q10bC, HC-Q10bD, and HC-Q10bE less HC-Q10bB ((bhckg518 + bhckg519 + bhckg520) - bhckg517) eq bhckg516
must be equal to HC-Q10bA.
Sum of HC-Q11C, HC-Q11D, and HC-Q11E less HC-Q11B must ((bhckg523 + bhckg524 + bhckg525) - bhckg522) eq bhckg521
be equal to HC-Q11A.
Sum of HC-Q12C, HC-Q12D, and HC-Q12E less HC-Q12B must ((bhckg528 + bhckg529 + bhckg530) - bhckg527) eq bhckg526
be equal to HC-Q12A.
Sum of HC-Q13C, HC-Q13D, and HC-Q13E less HC-Q13B must ((bhckg807 + bhckg808 + bhckg809) - bhckg806) eq bhckg805
be equal to HC-Q13A.
Sum of HC-Q14C, HC-Q14D, and HC-Q14E less HC-Q14B must ((bhckg533 + bhckg534 + bhckg535) - bhckg532) eq bhckg531
be equal to HC-Q14A.
FR Y-9C: CHK-13 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20150331
TargetItem
Validity
Edit
Number
0208
HC-Q14A
MDRM
Number
BHCKG531
No Change
HC-Q
FRY9C
20160930
99991231
No Change
HC-Q
Validity
0209
HC-Q14B
BHCKG532
FRY9C
20160930
99991231
No Change
HC-Q
Validity
0210
HC-Q14C
BHCKG533
FRY9C
20160930
99991231
No Change
HC-Q
Validity
0211
HC-Q14D
BHCKG534
FRY9C
20160930
99991231
No Change
HC-Q
Validity
0212
HC-Q14E
BHCKG535
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0192
HC-QM1aA
BHCKG536
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0193
HC-QM1bA
BHCKG541
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0194
HC-QM1cA
BHCKG546
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0195
HC-QM1dA
BHCKG551
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0196
HC-QM1eA
BHCKG556
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0197
HC-QM1fA
BHCKG561
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0149
HC-QM2aA
BHCKF261
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0198
HC-QM2bA
BHCKG566
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0199
HC-QM2cA
BHCKG571
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0200
HC-QM2dA
BHCKG576
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0201
HC-QM2eA
BHCKG581
FRY9C
20150331
99991231
No Change
HC-Q
Validity
0202
HC-QM2fA
BHCKG586
FRY9C
20200630
99991231
No Change
HC-R(I)
Validity
5110
HC-R(I)3a
BHCAP838
FRY9C
20160930
99991231
No Change
HC-R(I)
Validity
5115
HC-R(I)3a
BHCAP838
FRY9C
20190331
99991231
No Change
HC-R(I)
Validity
5120
HC-R(I)5
BHCAP840
FRY9C
20201231
99991231
No Change
HC-R(I)
Validity
5130
HC-R(I)9e
BHCAP848
September 2021
Edit Test
Alg Edit Test
Sum of HC-Q8A, HC-Q9A, HC-Q10aA, HC-Q10bA, HC-Q11A,
HC-Q12A and HC-Q13A must equal HC-Q14A.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of
HC-Q8B, HC-Q9B, HC-Q10aB, HC-Q10bB, HC-Q11B, HC-Q12B
and HC-Q13B must equal HC-Q14B.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of
HC-Q8C, HC-Q9C, HC-Q10aC, HC-Q10bC, HC-Q11C, HC-Q12C
and HC-Q13C must equal HC-Q14C.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of
HC-Q8D, HC-Q9D, HC-Q10aD, HC-Q10bD, HC-Q11D, HCQ12D and HC-Q13D must equal HC-Q14D.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of
HC-Q8E, HC-Q9E, HC-Q10aE, HC-Q10bE, HC-Q11E, HC-Q12E
and HC-Q13E must equal HC-Q14E.
Sum of HC-QM1aC, HC-QM1aD, and HC-QM1aE less HCQM1aB must be equal to HC-QM1aA.
Sum of HC-QM1bC, HC-QM1bD, and HC-QM1bE less HCQM1bB must be equal to HC-QM1bA.
Sum of HC-QM1cC, HC-QM1cD, and HC-QM1cE less HCQM1cB must be equal to HC-QM1cA.
Sum of HC-QM1dC, HC-QM1dD, and HC-QM1dE less HCQM1dB must be equal to HC-QM1dA.
Sum of HC-QM1eC, HC-QM1eD, and HC-QM1eE less HCQM1eB must be equal to HC-QM1eA.
Sum of HC-QM1fC, HC-QM1fD, and HC-QM1fE less HCQM1fB must be equal to HC-QM1fA.
Sum of HC-QM2aC, HC-QM2aD, and HC-QM2aE less HCQM2aB must be equal to HC-QM2aA.
Sum of HC-QM2bC, HC-QM2bD, and HC-QM2bE less HCQM2bB must be equal to HC-QM2bA.
Sum of HC-QM2cC, HC-QM2cD, and HC-QM2cE less HCQM2cB must be equal to HC-QM2cA.
Sum of HC-QM2dC, HC-QM2dD, and HC-QM2dE less HCQM2dB must be equal to HC-QM2dA.
Sum of HC-QM2eC, HC-QM2eD, and HC-QM2eE less HCQM2eB must be equal to HC-QM2eA.
Sum of HC-QM2fC, HC-QM2fD, and HC-QM2fE less HCQM2fB must be equal to HC-QM2fA.
For advanced approaches HCs, HC-R(I)3a must equal zero
and must not be null.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, HCR(I)3a must equal zero or 1 and must not be null.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(I)1, HC-R(I)2, HC-R(I)3, and HC-R(I)4 must equal HCR(I)5.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If HCR(I)3a is equal 0, then HC-R(I)9a through HC-R(I)9e must be
null.
(bhckf252 + bhckg507 + bhct3547 + bhckg516 + bhckg521 +
bhckg526 + bhckg805) eq bhckg531
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhckf686 +
bhckg508 + bhckg512 + bhckg517 + bhckg522 + bhckg527 +
bhckg806) eq bhckg532
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhckf694 +
bhckg509 + bhckg513 + bhckg518 + bhckg523 + bhckg528 +
bhckg807) eq bhckg533
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhckf253 +
bhckg510 + bhckg514 + bhckg519 + bhckg524 + bhckg529 +
bhckg808) eq bhckg534
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhckf254 +
bhckg511 + bhckg515 + bhckg520 + bhckg525 + bhckg530 +
bhckg809) eq bhckg535
((bhckg538 + bhckg539 + bhckg540) - bhckg537) eq bhckg536
((bhckg543 + bhckg544 + bhckg545) - bhckg542) eq bhckg541
((bhckg548 + bhckg549 + bhckg550) - bhckg547) eq bhckg546
((bhckg553 + bhckg554 + bhckg555) - bhckg552) eq bhckg551
((bhckg558 + bhckg559 + bhckg560) - bhckg557) eq bhckg556
((bhckg563 + bhckg564 + bhckg565) - bhckg562) eq bhckg561
((bhckf697 + bhckf262 + bhckf263) - bhckf689) eq bhckf261
((bhckg568 + bhckg569 + bhckg570) - bhckg567) eq bhckg566
((bhckg573 + bhckg574 + bhckg575) - bhckg572) eq bhckg571
((bhckg578 + bhckg579 + bhckg580) - bhckg577) eq bhckg576
((bhckg583 + bhckg584 + bhckg585) - bhckg582) eq bhckg581
((bhckg588 + bhckg589 + bhckg590) - bhckg587) eq bhckg586
For advanced approaches HCs only, bhcap838 eq 0 and bhcap838
ne null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, bhcap838 eq 0 or
bhcap838 eq 1 and bhcap838 ne null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhcap742 +
bhcakw00 + bhcab530 + bhcap839) eq bhcap840
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if bhcap838 eq 0
then bhcap844 eq null and bhcap846 eq null and bhcap847 eq
null and bhcap848 eq null
FR Y-9C: CHK-14 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20160930
TargetItem
Validity
Edit
Number
5132
HC-R(I)9f
MDRM
Number
BHCAP849
No Change
HC-R(I)
FRY9C
20160930
99991231
No Change
HC-R(I)
Validity
5135
HC-R(I)9f
BHCAP849
FRY9C
20201231
99991231
No Change
HC-R(I)
Validity
5150
HC-R(I)12B
BHCWP852
FRY9C
20201231
99991231
No Change
HC-R(I)
Validity
5151
HC-R(I)12A
BHCAP852
FRY9C
20201231
99991231
No Change
HC-R(I)
Validity
5160
HC-R(I)18A
BHCAP858
FRY9C
20200630
99991231
No Change
HC-R(I)
Validity
5161
HC-R(I)18B
BHCWP858
FRY9C
20201231
99991231
No Change
HC-R(I)
Validity
5170
HC-R(I)19A
BHCAP859
FRY9C
20200630
99991231
No Change
HC-R(I)
Validity
5171
HC-R(I)19B
BHCWP859
FRY9C
20201231
99991231
No Change
HC-R(I)
Validity
5172
HC-R(I)19B
BHCWP859
FRY9C
20201231
99991231
No Change
HC-R(I)
Validity
5173
HC-R(I)19A
BHCAP859
FRY9C
20160930
99991231
No Change
HC-R(I)
Validity
5180
HC-R(I)23
BHCAP863
FRY9C
20160930
99991231
No Change
HC-R(I)
Validity
5190
HC-R(I)25
BHCAP865
September 2021
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If HCR(I)3a is equal 0, then HC-R(I)9f must not be null.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If HCR(I)3a is equal 1, then HC-R(I)9f must be null.
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank
IHCs, Non-BHC IHCs and covered SLHCs as defined by the
final capital rule, HC-R(I)5 minus the sum of HC-R(I)6 through
HC-R(I)11B must equal HC-R(I)12B.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if bhcap838 eq 0
then bhcap849 ne null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if bhcap838 eq 1
then bhcap849 eq null
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule only, bhcap840 - (bhcap841 + bhcap842 + bhcap843 +
bhcap844 + bhcap846 + bhcap847 + bhcap848 + bhcap849 +
bhcaq258 + bhcap850 + bhcwp851) eq bhcwp852
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
IHCs, Non-BHC IHCs and covered SLHCs as defined by the
Non-BHC IHCs and covered SLHCs as defined by the final capital
final capital rule only, HC-R(I)5 minus the sum of HC-R(I)6
rule only, bhcap840 - (bhcap841 + bhcap842 + bhcap843 +
through HC-R(I)10b must equal HC-R(I)12A.
bhcap844 + bhcap846 + bhcap847 + bhcap848 + bhcap849 +
bhcaq258 + bhcap850) eq bhcap852
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
IHCs, Non-BHC IHCs and covered SLHCs as defined by the
Non-BHC IHCs and covered SLHCs as defined by the final capital
final capital rule only, sum of HC-R(I)13aA, HC-R(I)14aA, HC- rule only, (bhcalb58 + bhcalb59 + bhcalb60 + bhcap857) eq
R(I)15aA, and HC-R(I)17A must equal HC-R(I)18A.
bhcap858
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
IHCs, Non-BHC IHCs and covered SLHCs as defined by the
Non-BHC IHCs and covered SLHCs as defined by the final capital
final capital rule, sum of HC-R(I)13bB, HC-R(I)14bB, HCrule only, (bhcwp853 + bhcwp854 + bhcwp855 + bhcwp856 +
R(I)15bB, HC-R(I)16B, and 17B must equal HC-R(I)18B.
bhcwp857) eq bhcwp858
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
IHCs, Non-BHC IHCs and covered SLHCs as defined by the
Non-BHC IHCs and covered SLHCs as defined by the final capital
final capital rule only, HC-R(I)12A minus HC-R(I)18A must
rule only, (bhcap852 - bhcap858) eq bhcap859
equal HC-R(I)19A.
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
IHCs, Non-BHC IHCs and covered SLHCs as defined by the
Non-BHC IHCs and covered SLHCs as defined by the final capital
final capital rule only, HC-R(I)12B minus HC-R(I)18B must
rule only, (bhcwp852 - bhcwp858) eq bhcwp859
equal HC-R(I)19B.
For all non-advanced approaches BHCs, SHCs, IHCs, NonFor all non-advanced approaches BHCs, SHCs, IHCs, Non-Bank
Bank IHCs, Non-BHC IHCs and covered SLHCs as defined by IHCs, Non-BHC IHCs and covered SLHCs as defined by the final
the final capital rule only, column B of HC-R(I) items 11-19
capital rule only, bhcwp851 eq null and bhcwp852 eq null and
should be left blank.
bhcwp853 eq null and bhcwp854 eq null and bhcwp855 eq null
and bhcwp856 eq null and bhcwp857 eq null and bhcwp858 eq
null and bhcwp859 eq null
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
IHCs, Non-BHC IHCs and covered SLHCs as defined by the
Non-BHC IHCs and covered SLHCs as defined by the final capital
final capital rule only, column A of HC-R(I) items 11-19
rule only, bhcap852 eq null and bhcalb58 eq null and bhcalb59 eq
should be left blank.
null and bhcalb60 eq null and bhcap857 eq null and bhcap858 eq
null and bhcap859 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcap860 +
of HC-R(I)20 through HC-R(I)22 must equal HC-R(I)23.
bhcap861 + bhcap862) eq bhcap863
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, If HC- SLHCs as defined by the final capital rule only, if (bhcap863 R(I)23 minus HC-R(I)24 is greater than zero, then HC-R(I)25 bhcap864) gt 0 then bhcap865 eq (bhcap863 - bhcap864)
must equal HC-R(I)23 minus HC-R(I)24.
FR Y-9C: CHK-15 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20160930
TargetItem
Validity
Edit
Number
5200
HC-R(I)25
MDRM
Number
BHCAP865
No Change
HC-R(I)
FRY9C
20201231
99991231
No Change
HC-R(I)
Validity
5210
HC-R(I)26
BHCA8274
FRY9C
20200630
99991231
No Change
HC-R(I)
Validity
5209
HC-R(I)26
BHCA8274
FRY9C
20201231
99991231
No Change
HC-R(I)
Validity
5212
HC-R(I)31a
BHCALE74
FRY9C
FRY9C
20200630
20200331
99991231
99991231
No Change
No Change
HC-R(I)
HC-R(I)
Validity
Validity
5213
5214
HC-R(I)31a
HC-R(I)31a
BHCALE74
BHCALE74
FRY9C
20201231
99991231
No Change
HC-R(I)
Validity
5211
HC-R(I)32A
BHCA2170
FRY9C
20210630
99991231
No Change
HC-R(I)
Validity
5208
HC-R(I)33B
BHCAKX78
FRY9C
20200331
99991231
No Change
HC-R(I)
Validity
5216
HC-R(I)33A
BHCAKX77
FRY9C
20200331
99991231
No Change
HC-R(I)
Validity
5217
HC-R(I)34bA
BHCAKX80
FRY9C
20200331
99991231
No Change
HC-R(I)
Validity
5218
HC-R(I)34dA
BHCAKX82
FRY9C
20210630
99991231
No Change
HC-R(I)
Validity
5219
HC-R(I)34dB
BHCAKX83
FRY9C
20201231
99991231
No Change
HC-R(I)
Validity
5220
HC-R(I)42a
BHCAP870
FRY9C
20201231
99991231
No Change
HC-R(I)
Validity
5230
HC-R(I)42b
BHCWP870
FRY9C
20200331
99991231
No Change
HC-R(I)
Validity
5240
HC-R(I)44a
BHCA5311
FRY9C
20200331
99991231
No Change
HC-R(I)
Validity
5250
HC-R(I)44a
BHCA5311
FRY9C
20200331
99991231
No Change
HC-R(I)
Validity
5260
HC-R(I)44b
BHCW5311
September 2021
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If HCR(I)23 minus HC-R(I)24 is less than or equal to zero, then HCR(I)25 must equal zero and must not be null.
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank
IHCs, Non-BHC IHCs and covered SLHCs as defined by the
final capital rule only, the sum of HC-R(I)19A and HC-R(I)25
must equal HC-R(I)26.
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank
IHCs, Non-BHC IHCs and covered SLHCs as defined by the
final capital rule only, the sum of HC-R(I)19B and HC-R(I)25
must equal HC-R(I)26.
If HC-R(I)31a is not null, then HC-R(I)31a must be equal to 0
or 1.
HC-R(I)31a must not be null.
If HC-R(I)31a is equal to 1, then HC-R(I)32A must not be null;
else, if HC-R(I)31a is equal to 0, then HC-R(I)32A must be
null.
If HC-R(I)31a is equal to 0, then HC-R(I)32A through HCR(I)34dB, HC-R(I)35, and HC-R(I)36 must be null.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If (bhcap863 bhcap864) le 0 then bhcap865 eq 0 and bhcap865 ne null
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule only, (bhcap859 + bhcap865) eq bhca8274
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule only, (bhcwp859 + bhcap865) eq bhca8274
if bhcale74 is not null, then bhcale74 eq 0 or bhcale74 eq 1
bhcale74 ne null
If bhcale74 eq 1, then bhca2170 ne null; else if bhcale74 eq 0,
then bhca2170 eq null
If bhcale74 eq 0, then bhca2170 eq null and bhcakx77 eq null and
bhcakx78 eq null and bhcakx79 eq null and bhcakx80 eq null and
bhcakx81 eq null and bhcakx82 eq null and bhcakx83 eq null and
bhcas540 eq null and bhcalb61 eq null.
If HC-R(I)31a is equal to 1, then HC-R(I)33B must equal HC- if bhcale74 eq 1, then bhcakx78 eq (bhcakx77 / bhck2170 * 100)
R(I)33A divided by HC-12 +/- 0.1%
+/- 0.1
If HC-R(I) 31a is equal to 1, then HC-R(I)33A must equal the if bhcale74 eq 1, then bhcakx77 eq (bhck3545 + bhck3548) and
sum of HC-5 and HC-15 and HC-R(I)33B must be less than or bhcakx78 le 5.
equal to 5%.
If HC-R(I) 31a is equal to 1, then HC-R(I)34bA must be equal if bhcale74 eq 1, then bhcakx80 eq (bhck3433 + bhck3432).
to the sum of HC-L6a and HC-L6b.
If HC-R(I) 31a is equal to 1, then HC-R(I)34dA must be equal if bhcale74 eq 1, then bhcakx82 eq (bhcakx79 + bhcakx80 +
to the sum of HC-R(I)34aA through HC-R(I)34cA and HCbhcakx81) and bhcakx83 le 25
R(I)34dB must be less than or equal to 25%.
If HC-R(I)31a eq 1, then HC-R(I)34dB must equal HC-R(I)34dA if bhcale74 eq 1, then bhcakx83 eq (bhcakx82 / bhck2170 * 100)
divided by HC-12 +/- 0.1%
+/- 0.1
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcap866 +
of HC-R(I)37 through HC-R(I)40a must equal HC-R(I)42a.
bhcap867 + bhcap868 + bhca5310) eq bhcap870
For advanced approaches HCs that exit parallel run only, sum For advanced approaches HCs that exit parallel run only
of HC-R(I)37 through HC-R(I)39, HC-R(I)40b must equal HC- (bhcap866 + bhcap867 + bhcap868 + bhcw5310) eq bhcwp870
R(I)42b.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, If HC- SLHCs as defined by the final capital rule only, If (bhcaP870 R(I)42a minus HC-R(I)43 is greater than zero, then HC-R(I)44a bhcaP872) gt 0 then bhca5311 eq (bhcaP870 - bhcaP872)
must equal HC-R(I)42a minus HC-R(I)43.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, If HC- SLHCs as defined by the final capital rule only, If (bhcap870R(I)42a minus HC-R(I)43 is less than or equal to zero, then HC- bhcap872) le 0 then bhca5311 eq 0 and bhca5311 ne null
R(I)44a must equal zero and must not be null.
For advanced approaches HCs that exit parallel run only, if
For advanced approaches HCs that exit parallel run only if
HC-R(I)42b minus HC-R(I)43 is greater than zero, then HC(bhcwp870-bhcap872) gt 0 then bhcw5311 eq (bhcwp870R(I)44b must equal HC-R(I)42b minus HC-R(I)43.
bhcap872)
FR Y-9C: CHK-16 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20200331
TargetItem
Validity
Edit
Number
5270
HC-R(I)44b
MDRM
Number
BHCW5311
No Change
HC-R(I)
FRY9C
20200331
99991231
No Change
HC-R(I)
Validity
5280
HC-R(I)45a
BHCA3792
FRY9C
20200331
99991231
No Change
HC-R(I)
Validity
5290
HC-R(I)45b
BHCW3792
FRY9C
20200331
99991231
No Change
HC-R(I)
Validity
5320
HC-R(I)30
BHCAA224
FRY9C
20200630
99991231
No Change
HC-R(I)
Validity
5322
HC-R(I)49B
BHCW7205
FRY9C
20210630
99991231
No Change
HC-R(II)
Validity
5325
HC-R(II)m4
BHCKS624
September 2021
Edit Test
Alg Edit Test
For advanced approaches HCs that exit parallel run only, if
HC-R(I)42b minus HC-R(I)43 is less than or equal to zero,
then HC-R(I)44b must equal zero and must not be null.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule that do
not plan to adopt the CBLR framework only, if HC-R(I)31a is
zero, then sum of HC-R(I)26 and HC-R(I)44a must equal HCR(I)45a.
For advanced approaches HCs that exit parallel run only, sum
of HC-R(I)26 and HC-R(I)44b must equal HC-R(I)45b.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, HCR(I)27 minus HC-R(I)28 and HC-R(I)29 must equal HC-R(I)30.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Nonadvanced approaches HCs and advanced approaches HCs in
preparallel or parallel run and Category III HCs only, HCR(I)40b, HC-R(I)42b, HC-R(I)44b, HC-R(I)45b, HC-R(I)46b, and
HC-R(I)47 Column B , HC-R(I)48 Column B, and HC-R(I)49
Column B must equal null.
For grandfathered unitary SLHCs and insurance SLHCs that
are not required to file HC-R (if the institution meets certain
requirements defined in the final capital rule) , HC-R(I)1
through HC-R(II) m5c must equal null.
for advanced approaches HCs that exit parallel run only if
(bhcwp870-bhcap872) le 0 then bhcw5311 eq 0 and bhcw5311
ne null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if bhcale74 eq 0,
then (bhca8274 + bhca5311) eq bhca3792
for advanced approaches HCs that exit parallel run only
(bhca8274 + bhcw5311) eq bhcw3792
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhcakw03bhcap875 - bhcab596) eq bhcaa224
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, Non-advanced
approaches HCs and advanced approaches HCs in preparallel or
parallel run and Category III HCs only, bhcw5310 eq null and
bhcwp870 eq null and bhcw5311 eq null and bhcw3792 eq null
and bhcwa223 eq null and bhcwp793 eq null and bhcw7206 eq
null and bhcw7205 eq null
For grandfathered unitary slhcs that met the exemption
requirements in 12 CFR 217.2 only bhcap742, bhcakw00,
bhcajj29, bhcab530, bhcap838, bhcap839, bhcap840, bhcap841,
bhcap842, bhcap843, bhcap844, bhcap846, bhcap847, bhcap848,
bhcap849, bhcaq258, bhcap850, bhcwp851, bhcap852,
bhcwp852, bhcalb58, bhcwp853, bhcalb59, bhcwp854, bhcalb60,
bhcwp855, bhcwp856, bhcap857, bhcwp857, bhcwp858,
bhcap858, bhcwp859, bhcap859, bhcap860, bhcap861,
bhcap862, bhcap863, bhcap864, bhcap865, bhca8274, bhcap866,
bhcap867, bhcap868, bhca5310, bhcw5310, bhcap870,
bhcwp870, bhcap872, bhca5311, bhcw5311, bhca3792,
bhcw3792, bhcakw03, bhcap875, bhcab596, bhcaa224,
bhcaa223, bhcwa223, bhcap793, bhca7206, bhca7205,
bhcwp793, bhcw7206, bhcw7205, bhca7204, bhckd957,
bhcks396, bhckd958, bhckd959, bhcks397, bhckd960, bhcks398,
bhckd961, bhcks399, bhckd962, bhckd963, bhckd964, bhckd965,
bhcks400, bhckja21, bhcks402, bhckd967, bhckd968, bhckd969,
bhckd970, bhcks403, bhckd971, bhckd972, bhckd973, bhcks410,
bhckd974, bhcks411, bhckh171, bhckh172, bhcks413, bhcks414,
bhckh173, bhcks415, bhcks416, bhcks417, bhcks419, bhcks420,
bhckh174, bhckh175, bhckh176, bhckh177, bhcks421, bhcks423,
bhcks424, bhcks425, bhcks426, bhcks427, bhcks428, bhcks429,
bhcks405, bhcks406, bhckh271, bhckh272, bhckh273, bhckh274,
bhckh275, bhckh276, bhckh277, bhckh278, bhcks431, bhcks432,
bhcks433, bhcks434, bhcks435, bhcks436, bhcks437, bhcks439,
bhcks440, bhckh178, bhcks441, bhcks442, bhcks443, bhcks445,
bhcks446, bhckh179, bhckh180, bhckh181, bhckh182, bhcks447,
bhcks449, bhcks450, bhcks451, bhcks452, bhcks453, bhcks454,
bhcks455, bhcks457, bhcks458, bhcks459, bhcks460, bhcks461,
bhcks462, bhcks463, bhcx3123, bhcy3123, bhckd976, bhcks466,
bhckd977, bhckd978, bhckd979, bhckd980, bhcks467, bhckd981,
bhcks469, bhckd982, bhckd983, bhckd984, bhckd985, bhckh185,
FR Y-9C: CHK-17 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20210331
TargetItem
Validity
Edit
Number
5400
HC-R(I)51
MDRM
Number
BHCAH313
No Change
HC-R(I)
FRY9C
20210331
99991231
No Change
HC-R(I)
Validity
5420
HC-R(I)52
BHCAH314
FRY9C
20210930
99991231
Revised
HC-R(I)
Validity
5431
HC-R(I)56A
BHCALF23
FRY9C
20210930
99991231
Revised
HC-R(I)
Validity
5432
HC-R(I)56B
BHCWLF23
FRY9C
20210930
99991231
Revised
HC-R(I)
Validity
5433
HC-R(I)57A
BHCAMK66
FRY9C
20210930
99991231
Revised
HC-R(I)
Validity
5434
HC-R(I)57B
BHCWMK66
FRY9C
20210930
99991231
Revised
HC-R(I)
Validity
5435
HC-R(I)58A
BHCALF24
FRY9C
20210930
99991231
Revised
HC-R(I)
Validity
5436
HC-R(I)58B
BHCWLF24
FRY9C
20210930
99991231
Revised
HC-R(I)
Validity
5437
HC-R(I)59A
BHCALF25
FRY9C
20210930
99991231
Revised
HC-R(I)
Validity
5438
HC-R(I)59B
BHCWLF25
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3715
HC-R(II)1A
BHCKD957
FRY9C
20170331
99991231
No Change
HC-R(II)
Validity
3740
HC-R(II)2aA
BHCKD961
September 2021
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Nonadvanced approaches HCs with total assets less than $100B,
excluding Category III institutions, that do not plan to adopt
the CBLR framework only, if HC-R(I)31a is zero and HC-R(I)50
is less than or equal to 2.5000% then HC-R(I)51 must not be
null.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Nonadvanced approaches HCs with total assets less than $100B
excluding Category III institutions, that do not plan to adopt
the CBLR framework only, if HC-R(I)31a is zero and HC-R(I)50
(previous) is less than or equal to 2.5000% then HC-R(I)52
must not be null.
For top-tier BHCs of U.S. GSIBs and IHCs of foreign GSIBs
only, if HC-R(I)54 is not null, then HC-R(I)56A must equal HCR(I)54 divided by HC-R(I)46a (+/-.001).
For top-tier BHCs of U.S. GSIBs and IHCs of foreign GSIBs
only, if HC-R(I)55 is not null, then HC-R(I)56B must equal HCR(I)55 divided by HC-R(I)46a (+/- .001).
For top-tier BHCs of U.S. GSIBs that exit parallel run only, if
HC-R(I)54 is not null, then HC-R(I)57A must equal HC-R(I)54
divided by HC-R(I)46b (+/-.001)
For top-tier BHCs of U.S. GSIBs that exit parallel run only, if
HC-R(I)55 is not null, then HC-R(I)57B must equal HC-R(I)55
divided by HC-R(I)46b (+/-.001)
For IHCs of foreign GSIBs only, if HC-R(I)58A is not null, then
HC-R(I)58A must equal HC-R(I)54 divided by HC-R(I)30 (+/.001)
For IHCs of foreign GSIBs only, if HC-R(I)58B is not null, then
HC-R(I)58B must equal HC-R(I)55 divided by HC-R(I)30 (+/.001)
For HCs subject to Category I, II, or III standards only, if HCR(I)59A is not null, then HC-R(I)59A must equal HC-R(I)54
divided by FFIEC 101 Schedule A, Table 2, item 2.21 (+/- .001)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, Non-advanced
approaches HCs, excluding Category III institutions only, if
bhcale74 eq 0 and bhck2170 lt 100000000 and bhcah311 is le
2.5000 then bhcah313 ne null
For HCs subject to Category I, II, or III standards only, if HCR(I)59B is not null, then HC-R(I)59B must equal HC-R(I)55
divided by FFIEC 101 Schedule A, Table 2, item 2.21 (+/.001).
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)1B through HC-R(II)1R must equal HC-R(II)1A.
For HCs subject to Category I, II, or III standards only, if bhcwlf25
is not null, then bhcwlf25 eq (bhcalf22/aaabh015 * 100) (+/.001).
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, Non-advanced
approaches HCs, excluding Category III institutions, only, if
bhcale74 eq 0 and bhck2170 lt 100000000 and bhcah311-q2 is le
2.5000 then bhcah314 ne null
For top-tier BHCs of U.S. GSIBs and IHCs of foreign GSIBs only, if
bhcalf21 ne null, then bhcalf23 eq (bhcalf21/bhcaa223 * 100) (+/.001).
For top-tier BHCs of U.S. GSIBs and IHCs of foreign GSIBs only, if
bhcalf22 ne null, then bhcwlf23 eq (bhcalf22/bhcaa223 * 100) (+/.001).
For top-tier BHCs of U.S. GSIBs that exit parallel run only, if
bhcalf21 ne null, then bhcamk66 eq (bhcalf21/bhcwa223 * 100)
(+/- .001).
For top-tier BHCs of U.S. GSIBs that exit parallel run only, if
bhcalf22 ne null, then bhcwmk66 eq (bhcalf22/bhcwa223 * 100)
(+/- .001).
For IHCs of foreign GSIBs only, if if bhcalf24 ne null, then
bhcalf24 eq (bhcalf21/bhcaa224 * 100) (+/- .001)
For IHCs of foreign GSIBs only, if bhcwlf24 ne null, then bhcwlf24
eq (bhcalf22/bhcaa224 * 100) (+/- .001)
For HCs subject to Category I, II, or III standards only, if bhcalf25
is not null, then bhcalf25 eq (bhcalf21/aaabh015 * 100) (+/- .001)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhcks396 +
bhckd958 + bhckd959 + bhcks397 + bhckd960 + bhcks398) eq
bhckd957
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks399 +
of HC-R(II)2aB through HC-R(II)2aR must equal HC-R(II)2aA. bhckd962 +
bhckhj74 + bhckhj75 + bhckd963 + bhckd964 + bhckd965 +
bhcks400) eq bhckd961
FR Y-9C: CHK-18 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20180630
TargetItem
Validity
Edit
Number
3765
HC-R(II)2bA
MDRM
Number
BHCKJA21
No Change
HC-R(II)
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3795
HC-R(II)3aA
BHCKD971
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3800
HC-R(II)3aA
BHCKD971
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3815
HC-R(II)3bA
BHCKH171
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3818
HC-R(II)3bA
BHCKH171
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3820
HC-R(II)4aA
BHCKS413
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3825
HC-R(II)4bA
BHCKS419
FRY9C
20170331
99991231
No Change
HC-R(II)
Validity
3830
HC-R(II)4cA
BHCKS423
FRY9C
20170331
99991231
No Change
HC-R(II)
Validity
3840
HC-R(II)4dA
BHCKS431
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3845
HC-R(II)5aA
BHCKS439
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3850
HC-R(II)5bA
BHCKS445
FRY9C
20170331
99991231
No Change
HC-R(II)
Validity
3855
HC-R(II)5cA
BHCKS449
FRY9C
20170331
99991231
No Change
HC-R(II)
Validity
3865
HC-R(II)5dA
BHCKS457
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3870
HC-R(II)6A
BHCX3123
September 2021
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks402 +
of HC-R(II)2bB through HC-R(II)2bR must equal HC-R(II)2bA. bhckd967 + bhckhj76 + bhckhj77 + bhckd968 + bhckd969 +
bhckd970 + bhcks403 + bhckh270 + bhcks405 + bhcks406 +
bhckh271) eq bhckja21
For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as
defined by the final capital rule only, Sum of HC-R(II)3aB
defined by the final capital rule only, (bhckd972 + bhckd973 +
through HC-R(II)3aR must equal HC-R(II)3aA.
bhcks410 + bhckd974 + bhcks411) eq bhckd971
For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as
defined by the final capital rule only, HC-R(II)3aA must be
defined by the final capital rule only, bhckd971 le bhdmb987
less than or equal to HC-3A
For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as
defined by the final capital rule only, Sum of HC-R(II)3bB
defined by the final capital rule only, bhckh172 eq bhckh171
through HC-R(II)3bR must equal HC-R(II)3bA.
For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as
defined by the final capital rule only, HC-R(II)3bA must be
defined by the final capital rule only, bhckh171 le bhckb989
less than or equal to HC-3B
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks414 +
of HC-R(II)4aB through HC-R(II)4aR must equal HC-R(II)4aA. bhckh173 + bhcks415 + bhcks416 + bhcks417 + bhckh273) eq
bhcks413
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks420 +
of HC-R(II)4bB through HC-R(II)4bR must equal HC-R(II)4bA. bhckh174 + bhckh175 + bhckh176 + bhckh177 + bhcks421 +
bhckh275) eq bhcks419
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks424 +
of HC-R(II)4cB through HC-R(II)4cR must equal HC-R(II)4cA. bhcks425 + bhckhj78 + bhckhj79 + bhcks426 + bhcks427 +
bhcks428 + bhcks429 + bhckh277) eq bhcks423
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks432 +
of HC-R(II)4dB through HC-R(II)4dR must equal HC-R(II)4dA. bhcks433 + bhckhj80 + bhckhj81 + bhcks434 + bhcks435 +
bhcks436 + bhcks437 + bhckh279) eq bhcks431
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks440 +
of HC-R(II)5aB through HC-R(II)5aR must equal HC-R(II)5aA. bhckh178 + bhcks441 + bhcks442 + bhcks443 + bhckh281) eq
bhcks439
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks446 +
of HC-R(II)5bB through HC-R(II)5bR must equal HC-R(II)5bA. bhckh179 + bhckh180 + bhckh181 + bhckh182 + bhcks447 +
bhckh283) eq bhcks445
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks450 +
of HC-R(II)5cB through HC-R(II)5cR must equal HC-R(II)5cA. bhcks451 + bhckhj82 + bhckhj83 + bhcks452 + bhcks453 +
bhcks454 + bhcks455 + bhckh285) eq bhcks449
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks458 +
of HC-R(II)5dB through HC-R(II)5dR must equal HC-R(II)5dA. bhcks459 + bhckhj84 + bhckhj85 + bhcks460 + bhcks461 +
bhcks462 + bhcks463 + bhckh287) eq bhcks457
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, bhcy3123 eq
of HC-R(II)6B through HC-R(II)6R must equal HC-R(II)6A.
bhcx3123
FR Y-9C: CHK-19 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20180630
TargetItem
Validity
Edit
Number
3895
HC-R(II)7A
MDRM
Number
BHCKD976
No Change
HC-R(II)
FRY9C
20180630
99991231
No Change
HC-R(II)
Validity
3930
HC-R(II)8A
BHCKD981
FRY9C
20180630
99991231
No Change
HC-R(II)
Validity
3902
HC-R(II)8A
BHCKD981
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3915
HC-R(II)9aA
BHCKS475
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3919
HC-R(II)9aT
BHCKS478
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3921
HC-R(II)9aU
BHCKS479
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3925
HC-R(II)9bA
BHCKS480
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3935
HC-R(II)9cA
BHCKS485
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3940
HC-R(II)9dA
BHCKS490
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3950
HC-R(II)10A
BHCKS495
FRY9C
20180331
99991231
No Change
HC-R(II)
Validity
3920
HC-R(II)11A
BHCT2170
September 2021
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks466 +
of HC-R(II)7B through HC-R(II)7R must equal HC-R(II)7A.
bhckd977 + bhckhj86 + bhckhj87 + bhckd978 + bhckd979 +
bhckd980 + bhcks467 + bhckh289 + bhckh186 + bhckh290 +
bhckh187 + bhckh291) eq bhckd976
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks469 +
of HC-R(II)8B through HC-R(II)8R and HC-R(II)8aR and HCbhckd982 + bhckhj88 + bhckhj89 + bhckd983 + bhckd984 +
R(II)8bR must equal HC-R(II)8A.
bhckd985 + bhckh185 + bhckh293 + bhckh188 + bhcks470 +
bhcks471 + bhckh294 + bhckh296 + bhckh298) eq bhckd981
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, HC- SLHCs as defined by the final capital rule only, bhckd981 le
R(II)8A must be less than or equal to the sum of HC-6
(bhck2145 + bhck2150 + bhck2130 + bhck3656 + bhck2143 +
through HC-11.
bhck2160)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks476 +
of HC-R(II)9aB and HC-R(II)9aQ must equal HC-R(II)9aA
bhcks477) eq bhcks475
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, If the SLHCs as defined by the final capital rule only, If (bhcks478 +
sum of HC-R(II)9aT through HC-R(II)10T is greater than zero, bhcks483 + bhcks488 + bhcks493 + bhcks498) gt 0 then
then the sum of HC-R(II)9aU through HC-R(II)10U must equal (bhcks479 + bhcks484 + bhcks489 + bhcks494 + bhcks499) eq 0
zero or null.
or (bhcks479 eq null and bhcks484 eq null and bhcks489 eq null
and bhcks494 eq null and bhcks499 eq null)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, If the SLHCs as defined by the final capital rule only, If (bhcks479 +
sum of HC-R(II)9aU through HC-R(II)10U is greater than zero, bhcks484 + bhcks489 + bhcks494 + bhcks499) gt 0 then
then the sum of HC-R(II)9aT through HC-R(II)10T must equal (bhcks478 + bhcks483 + bhcks488 + bhcks493 + bhcks498) eq 0
zero or null.
or (bhcks478 eq null and bhcks483 eq null and bhcks488 eq null
and bhcks493 eq null bhcks498 and eq null)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks481 +
of HC-R(II)9bB and HC-R(II)9bQ must equal HC-R(II)9bA.
bhcks482) eq bhcks480
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks486 +
of HC-R(II)9cB and HC-R(II)9cQ must equal HC-R(II)9cA.
bhcks487) eq bhcks485
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks491 +
of HC-R(II)9dB and HC-R(II)9dQ must equal HC-R(II)9dA.
bhcks492) eq bhcks490
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks496 +
of HC-R(II)10B and HC-R(II)10Q must equal HC-R(II)10A.
bhcks497) eq bhcks495
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, ((bhckd957 +
of HC-R(II)1A through HC-R(II)5dA and HC-R(II)7A through
bhckd961 + bhckja21 + bhckd971 + bhckh171 + bhcks413 +
HC-R(II)9dA minus HC-R(II)6A must equal HC-R(II)11A.
bhcks419 + bhcks423 + bhcks431 + bhcks439 + bhcks445 +
bhcks449 + bhcks457 + bhckd976 + bhckd981 + bhcks475 +
bhcks480 + bhcks485 + bhcks490) - bhcx3123) eq bhct2170
FR Y-9C: CHK-20 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20160930
TargetItem
Validity
Edit
Number
3955
HC-R(II)11B
MDRM
Number
BHCKS500
No Change
HC-R(II)
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3965
HC-R(II)11C
BHCKD987
FRY9C
20170331
99991231
No Change
HC-R(II)
Validity
3967
HC-R(II)11D
BHCKHJ90
FRY9C
20170331
99991231
No Change
HC-R(II)
Validity
3969
HC-R(II)11E
BHCKHJ91
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3975
HC-R(II)11G
BHCKD988
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3985
HC-R(II)11H
BHCKD989
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
3995
HC-R(II)11I
BHCKD990
FRY9C
20180630
99991231
No Change
HC-R(II)
Validity
4005
HC-R(II)11A
BHCT2170
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4010
HC-R(II)11J
BHCKS503
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4014
HC-R(II)11L
BHCKS505
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4016
HC-R(II)11M
BHCKS506
September 2021
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, ((bhcks396 +
of HC-R(II)1B through HC-R(II)5dB and HC-R(II)7B through HC- bhcks399 + bhcks402 + bhckh172 + bhcks414 + bhcks420 +
R(II)9dB minus HC-R(II)6B must equal HC-R(II)11B.
bhcks424 + bhcks432 + bhcks440 + bhcks446 + bhcks450 +
bhcks458 + bhcks466 + bhcks469 + bhcks476 + bhcks481 +
bhcks486 + bhcks491) -bhcy3123) eq bhcks500
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhckd958 +
of HC-R(II)1C through HC-R(II)8C must equal HC-R(II)11C.
bhckd962 + bhckd967 + bhckd972 + bhckh173 + bhckh174 +
bhcks425 + bhcks433 + bhckh178 + bhckh179 + bhcks451 +
bhcks459 + bhckd977 + bhckd982) eq bhckd987
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhckhj74 +
of HC-R(II)1D through HC-R(II)8D must equal HC-R(II)11D.
bhckhj76 + bhckhj78 + bhckhj80 + bhckhj82 + bhckhj84 +
bhckhj86 + bhckhj88 ) eq bhckhj90
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhckhj75 +
of HC-R(II)1E through HC-R(II)8E must equal HC-R(II)11E.
bhckhj77 + bhckhj79 + bhckhj81 + bhckhj83 + bhckhj85 +
bhckhj87 + bhckhj89 ) eq bhckhj91
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhckd959 +
of HC-R(II)1G through HC-R(II)8G must equal HC-R(II)11G.
bhckd963 + bhckd968 + bhckd973 + bhcks415 + bhckh175 +
bhcks426 + bhcks434 + bhcks441 + bhckh180 + bhcks452 +
bhcks460 + bhckd978 + bhckd983) eq bhckd988
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks397 +
of HC-R(II)1H through HC-R(II)8H must equal HC-R(II)11H.
bhckd964 + bhckd969 + bhcks410 + bhcks416 + bhckh176 +
bhcks427 + bhcks435 + bhcks442 + bhckh181 + bhcks453 +
bhcks461 + bhckd979 + bhckd984) eq bhckd989
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhckd960 +
of HC-R(II)1I through HC-R(II)8I must equal HC-R(II)11I.
bhckd965 + bhckd970 + bhckd974 + bhcks417 + bhckh177 +
bhcks428 + bhcks436 + bhcks443 + bhckh182 + bhcks454 +
bhcks462 + bhckd980 + bhckd985) eq bhckd990
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks500 +
of HC-R(II)11B through HC-R(II)11R must equal HC-R(II)11A. bhckd987 + bhckhj90 + bhckhj91 + bhckd988 + bhckd989 +
bhckd990 + bhcks503 + bhcks504 + bhcks505 + bhcks506 +
bhcks507 + bhcks510 + bhckh300) eq bhct2170
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks398 +
of HC-R(II)1J through HC-R(II)8J must equal HC-R(II)11J.
bhcks400 + bhcks403 + bhcks411 + bhcks421 + bhcks429 +
bhcks437 + bhcks447 + bhcks455 + bhcks463 + bhcks467 +
bhckh185) eq bhcks503
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks405 +
of HC-R(II)1L through HC-R(II)8L must equal HC-R(II)11L.
bhckh186 + bhckh188) eq bhcks505
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks470 +
of HC-R(II)1M through HC-R(II)8M must equal HC-R(II)11M. bhckh290) eq bhcks506
FR Y-9C: CHK-21 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20160930
TargetItem
Validity
Edit
Number
4018
HC-R(II)11N
MDRM
Number
BHCKS507
No Change
HC-R(II)
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4024
HC-R(II)11Q
BHCKS510
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4025
HC-R(II)11R
BHCKH300
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4030
HC-R(II)12A
BHCKD991
FRY9C
20170331
99991231
No Change
HC-R(II)
Validity
4035
HC-R(II)12B
BHCKD992
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4055
HC-R(II)13B
BHCKD998
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4065
HC-R(II)13B
BHCKD998
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4085
HC-R(II)14B
BHCKG607
FRY9C
20170331
99991231
No Change
HC-R(II)
Validity
4095
HC-R(II)14B
BHCKG607
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4155
HC-R(II)15A
BHCKG612
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4165
HC-R(II)15B
BHCKG613
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4172
HC-R(II)16A
BHCKS515
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4180
HC-R(II)16B
BHCKS516
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4195
HC-R(II)17A
BHCKG618
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4210
HC-R(II)17B
BHCKG619
September 2021
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)1N through HC-R(II)8N must eq HC-R(II)11N.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)9aQ through HC-R(II)9dQ must eq HC-R(II)11Q
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)2bR through HC-R(II)8bR must eq HC-R(II)11R
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhcks406 +
bhckh187 + bhcks471) eq bhcks507
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhcks477 +
bhcks482 + bhcks487 + bhcks492) eq bhcks510
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhckh271 +
bhckh273 + bhckh275 + bhckh277 + bhckh279 + bhckh281 +
bhckh283 + bhckh285 + bhckh287 + bhckh291 + bhckh294 +
bhckh296 + bhckh298) eq bhckh300
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, bhckd992 eq
bhckd991
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhckd993 +
bhckhj92 + bhckhj93 + bhckd994 + bhckd995 + bhckd996 +
bhcks511) eq bhckd992
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhckd998 le
((bhckd997 * .5) + 2)) and (bhckd998 ge ((bhckd997 * .5) - 2))
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhckd999 +
bhckg603 + bhckg604 + bhckg605 + bhcks512) eq bhckd998
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhckg607 le
((bhckg606 * .2) + 2)) and (bhckg607 ge ((bhckg606 * .2) - 2))
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhckg608 +
bhckhj94 + bhckhj95 + bhckg609 + bhckg610 + bhckg611 +
bhcks513) eq bhckg607
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, bhckg613 eq
bhckg612
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhckg614 +
bhckg615 + bhckg616 + bhckg617 + bhcks514) eq bhckg613
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, bhcks516 eq
bhcks515
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhcks517 +
bhcks518 + bhcks519 + bhcks520 + bhcks521 + bhcks522 +
bhcks523 + bhckh301) eq bhcks516
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, bhckg619 eq
bhckg618
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhckg620 +
bhckg621 + bhckg622 + bhckg623 + bhcks524) eq bhckg619
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, HCR(II)12B must equal HC-R(II)12A
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)12C through HC-R(II)12J must equal HC-R(II)12B.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, HCR(II)13B must equal HC-R(II)13A multiplied by 50%. (+/-2)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)13C through HC-R(II)13J must equal HC-R(II)13B.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, HCR(II)14B must equal HC-R(II)14A multiplied by 20%. (+/-2)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)14C through HC-R(II)14J must equal HC-R(II)14B.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, HCR(II)15B must equal HC-R(II)15A.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)15C through HC-R(II)15J must equal HC-R(II)15B.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, HCR(II)16B must equal HC-R(II)16A
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)16C through HC-R(II)16J and HC-R(II)16R must
equal HC-R(II)16B.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, HCR(II)17B must equal HC-R(II)17A.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)17C through HC-R(II)17J must equal HC-R(II)17B.
FR Y-9C: CHK-22 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20160930
TargetItem
Validity
Edit
Number
4214
HC-R(II)18aB
MDRM
Number
BHCKS526
No Change
HC-R(II)
FRY9C
20170331
99991231
No Change
FRY9C
20160930
99991231
FRY9C
20170331
FRY9C
HC-R(II)
Validity
4216
HC-R(II)18aB
BHCKS526
No Change
HC-R(II)
Validity
4220
HC-R(II)18bB
BHCKG625
99991231
No Change
HC-R(II)
Validity
4230
HC-R(II)18bB
BHCKG625
20170331
99991231
No Change
HC-R(II)
Validity
4242
HC-R(II)20B
BHCKS542
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4244
HC-R(II)21B
BHCKS549
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4246
HC-R(II)22A
BHCKH191
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)22C through HC-R(II)22Q must equal HC-R(II)22A.
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4250
HC-R(II)23C
BHCKG630
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)11C through HC-R(II)22C must equal HC-R(II)23C.
FRY9C
20170331
99991231
No Change
HC-R(II)
Validity
4252
HC-R(II)23D
BHCKS558
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)11D through HC-R(II)22D must equal HC-R(II)23D.
FRY9C
20170331
99991231
No Change
HC-R(II)
Validity
4254
HC-R(II)23E
BHCKS559
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)11E through HC-R(II)22E must equal HC-R(II)23E.
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4256
HC-R(II)23F
BHCKS560
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4260
HC-R(II)23G
BHCKG631
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)11F through HC-R(II) 22F must equal HC-R(II)23F
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)11G through HC-R(II)22G must equal HC-R(II)23G.
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4270
HC-R(II)23H
BHCKG632
September 2021
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, HCR(II)18aB must equal HC-R(II)18aA multiplied by 20%. (+/-2)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)18aC through HC-R(II)18aJ and HC-R(II)18aR must
equal HC-R(II)18aB.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, HCR(II)18bB must equal HC-R(II)18bA multiplied by 50%. (+/-2)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)18bC through HC-R(II)18bJ and HC-R(II)18bR must
equal HC-R(II)18bB.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)20C through HC-R(II)20J and HC-R(II)20R must
equal HC-R(II)20B.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)21C through HC-R(II)21J must equal HC-R(II)21B.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhcks526 le
((bhcks525 * .2) + 2)) and (bhcks526 ge ((bhcks525 * .2) - 2))
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhcks527 +
bhckhj96 + bhckhj97 + bhcks528 + bhcks529 + bhcks530 +
bhcks531 + bhckh303) eq bhcks526
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, bhckg625 le
((bhckg624 * .5) + 2) and bhckg625 ge ((bhckg624 * .5) - 2)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhckg626 +
bhckhj98 + bhckhj99 + bhckg627 + bhckg628 + bhckg629 +
bhcks539 + bhckh307) eq bhckg625
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhcks543 +
bhckhk00 + bhckhk01 + bhcks544 + bhcks545 + bhcks546 +
bhcks547 + bhcks548 + bhckh309) eq bhcks542
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhcks550 +
bhcks551 + bhcks552 + bhcks554 + bhcks555 + bhcks556 +
bhcks557) eq bhcks549
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhckh193 +
bhckh194 + bhckh195 + bhckh196 + bhckh197 + bhckh198 +
bhckh199 + bhckh200) eq bhckh191
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhckd987 +
bhckd993 + bhckd999 + bhckg608 + bhckg614 + bhcks517 +
bhckg620 + bhcks527 + bhckg626 + bhcks543 + bhcks550 +
bhckh193) eq bhckg630
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhckhj90 +
bhckhj92 + bhckhj94 + bhcks518 + bhckhj96 + bhckhj98 +
bhckhk00 + bhcks551) eq bhcks558
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhckhj91 +
bhckhj93 + bhckhj95 + bhcks519 + bhckhj97 + bhckhj99 +
bhckhk01 + bhcks552) eq bhcks559
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, bhcks544 eq
bhcks560
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhckd988 +
bhckd994 + bhckg603 + bhckg609 + bhckg615 + bhcks520 +
bhckg621 + bhcks528 + bhckg627 + bhcks545 + bhcks554 +
bhckh194) eq bhckg631
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, (bhckd989 +
bhckd995 + bhckg604 + bhckg610 + bhckg616 + bhcks521 +
bhckg622 + bhcks529 + bhckg628 + bhcks546 + bhcks555 +
bhckh195) eq bhckg632
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, Sum
of HC-R(II)11H through HC-R(II)22H must equal HC-R(II)23H.
FR Y-9C: CHK-23 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20160930
TargetItem
Validity
Edit
Number
4280
HC-R(II)23I
MDRM
Number
BHCKG633
No Change
HC-R(II)
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4281
HC-R(II)23J
BHCKS561
FRY9C
20180630
99991231
No Change
HC-R(II)
Validity
4282
HC-R(II)23K
BHCKS562
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4283
HC-R(II)23L
BHCKS563
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4284
HC-R(II)23M
BHCKS564
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4285
HC-R(II)23N
BHCKS565
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4286
HC-R(II)23O
BHCKS566
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4287
HC-R(II)23P
BHCKS567
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4288
HC-R(II)23Q
BHCKS568
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4320
HC-R(II)25I
BHCKG637
FRY9C
20160930
99991231
No Change
HC-R(II)
Validity
4345
HC-R(II)31
BHCKG641
FRY9C
20200630
99991231
No Change
HC-R(I)
Validity
5500
HC-R(I)53
BHCAH036
FRY9C
20200630
99991231
No Change
HC-R(I)
Validity
5510
HC-R(I)53
BHCAH036
FRY9C
20150331
99991231
No Change
HC-S
Validity
4590
HC-S4bA
BHCKB740
FRY9C
20150331
99991231
No Change
HC-S
Validity
4595
HC-S4bB
BHCKB741
FRY9C
20150331
99991231
No Change
HC-S
Validity
4600
HC-S4bC
BHCKB742
FRY9C
20150331
99991231
No Change
HC-S
Validity
4605
HC-S4bD
BHCKB743
September 2021
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhckd990 +
of HC-R(II)11I through HC-R(II)22I must equal HC-R(II)23I.
bhckd996 + bhckg605 + bhckg611 + bhckg617 + bhcks522 +
bhckg623 + bhcks530 + bhckg629 + bhcks547 + bhcks556 +
bhckh196) eq bhckg633
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks503 +
of HC-R(II)11J through HC-R(II)22J must equal HC-R(II)23J.
bhcks511 + bhcks512 + bhcks513 + bhcks514 + bhcks523 +
bhcks524 + bhcks531 + bhcks539 + bhcks548 + bhcks557 +
bhckh197) eq bhcks561
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, HC- SLHCs as defined by the final capital rule only, bhcks504 eq
R(II)11K must equal HC-R(II)23K.
bhcks562
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, HC- SLHCs as defined by the final capital rule only, bhcks505 eq
R(II)11L must equal HC-R(II)23L
bhcks563
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, HC- SLHCs as defined by the final capital rule only, bhcks506 eq
R(II)11M must equal HC-R(II)23M.
bhcks564
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, HC- SLHCs as defined by the final capital rule only, bhcks507 eq
R(II)11N must equal HC-R(II)23N.
bhcks565
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, HC- SLHCs as defined by the final capital rule only, bhckh198 eq
R(II)22O must equal HC-R(II)23O.
bhcks566
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, HC- SLHCs as defined by the final capital rule only, bhckh199 eq
R(II)22P must equal HC-R(II)23P.
bhcks567
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, Sum SLHCs as defined by the final capital rule only, (bhcks497 +
of HC-R(II)10Q, HC-R(II)11Q and HC-R(II)22Q must equal HC- bhcks510 + bhckh200) eq bhcks568
R(II)23Q.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, HC- SLHCs as defined by the final capital rule only, bhckg637 eq
R(II)25I must equal HC-R(II)23I
bhckg633
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, HC- SLHCs as defined by the final capital rule only, ((bhckb704) R(II)31 must equal HC-R(II)28 minus the sum of HC-R(II)29
(bhcka222 + bhck3128)) eq bhckg641
and HC-R(II)30.
For advanced approaches HCs and Category III HCs only, HC- For advanced approaches HCs and Category III HCs only,
R(I)53 must not be null.
bhcah036 ne null
For non-advanced approaches HCs only, excluding Category For nonadvanced approaches HCs, excluding Category III HCs,
III HCs, HC-R(I)53 must be null.
bhcah036 eq null
Sum of HC-S4aA and HC-S4bA must be less than or equal to (bhckb733 + bhckb740) le bhckb705
HC-S1A.
Sum of HC-S4aB and HC-S4bB must be less than or equal to (bhckb734 + bhckb741) le bhckb706
HC-S1B.
Sum of HC-S4aC and HC-S4bC must be less than or equal to (bhckb735 + bhckb742) le bhckb707
HC-S1C.
Sum of HC-S4aD and HC-S4bD must be less than or equal to (bhckb736 + bhckb743) le bhckb708
HC-S1D.
FR Y-9C: CHK-24 of 116
NONCONFIDENTIAL // EXTERNAL
Series
Validity (V) Edits for the FR Y-9C
(Effective as of September 30, 2021)
Each edit in the checklist must balance, rounding errors are not allowed
#
Effective End
Date
99991231
Edit Change
Schedule Edit Type
FRY9C
Effective Start
Date
20150331
No Change
HC-S
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
FRY9C
20150331
99991231
September 2021
TargetItem
Validity
Edit
Number
4610
HC-S4bE
MDRM
Number
BHCKB744
HC-S
Validity
4615
HC-S4bF
BHCKB745
No Change
HC-S
Validity
4620
HC-S4bG
BHCKB746
No Change
HC-S
Validity
4710
HC-SM4
BHCKC407
Edit Test
Alg Edit Test
Sum of HC-S4aE and HC-S4bE must be less than or equal to
HC-S1E.
Sum of HC-S4aF and HC-S4bF must be less than or equal to
HC-S1F.
Sum of HC-S4aG and HC-S4bG must be less than or equal to
HC-S1G.
HC-SM4 must be less than or equal to HC-S1C.
(bhckb737 + bhckb744) le bhckb709
(bhckb738 + bhckb745) le bhckb710
(bhckb739 + bhckb746) le bhckb711
bhckc407 le bhckb707
FR Y-9C: CHK-25 of 116
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20150331
99991231
No Change
HC-K
Quality
6250
HC-K5
BHCK3368
FRY9C
20150331
99991231
No Change
HI
Intraseries 5139
HI-1a1a
BHCK4435
FRY9C
20150331
99991231
No Change
HI
Quality
9000
HI-1a1a
BHCK4435
FRY9C
20150331
99991231
No Change
HI
Intraseries 0077
HI-1a1b
BHCK4436
FRY9C
20150331
99991231
No Change
HI
Quality
0079
HI-1a1b
BHCK4436
FRY9C
20150331
99991231
No Change
HI
Intraseries 0078
HI-1a1c
BHCKF821
FRY9C
20150331
99991231
No Change
HI
Quality
HI-1a1c
BHCKF821
FRY9C
20150331
99991231
No Change
HI
Intraseries 5141
HI-1a2
BHCK4059
FRY9C
20150331
99991231
No Change
HI
Quality
HI-1a2
BHCK4059
FRY9C
20150331
99991231
No Change
HI
Intraseries 5142
HI-1b
BHCK4065
FRY9C
20150331
99991231
No Change
HI
Quality
9020
HI-1b
BHCK4065
FRY9C
20150331
99991231
No Change
HI
Intraseries 5143
HI-1c
BHCK4115
FRY9C
20150331
99991231
No Change
HI
Quality
HI-1c
BHCK4115
FRY9C
20150331
99991231
No Change
HI
Intraseries 5144
HI-1d1
BHCKB488
FRY9C
20150331
99991231
No Change
HI
Quality
9030
HI-1d1
BHCKB488
FRY9C
20150331
99991231
No Change
HI
Intraseries 5145
HI-1d2
BHCKB489
FRY9C
20150331
99991231
No Change
HI
Quality
9030
HI-1d2
BHCKB489
FRY9C
20150331
99991231
No Change
HI
Intraseries 5146
HI-1d3
BHCK4060
FRY9C
20150331
99991231
No Change
HI
Quality
HI-1d3
BHCK4060
FRY9C
20150331
99991231
No Change
HI
Intraseries 5149
HI-1g
BHCK4518
FRY9C
20150331
99991231
No Change
HI
Intraseries 5157
HI-2e
BHCK4398
FRY9C
20160930
99991231
No Change
HI
Quality
9030
HI-1f
BHCK4020
FRY9C
20150331
99991231
No Change
HI
Intraseries 5158
HI-5a
BHCK4070
FRY9C
20150331
99991231
No Change
HI
Quality
HI-1g
BHCK4518
September 2021
0080
9010
9030
9030
9030
Edit Test
Alg Edit Test
The sum of HC-K1a through HC-K3a and HC-K3b through HC-K4b
should be less than or equal to HC-K5.
For June, September, and December, if HI-A9 (current) is equal to
HI-A9 (previous), then the current period should be greater than
or equal to the previous period (minus $2k) for HI-1a1a.
HI-1a1a should not be null and should not be negative.
For June, September, and December, if HI-A9 (current) is equal to
HI-A9 (previous), then the current period should be greater than
or equal to the previous period (minus $2k) for HI-1a1b.
HI-1a1b should not be null and should not be negative.
For June, September, and December, if HI-A9 (current) is equal to
HI-A9 (previous), then the current period should be greater than
or equal to the previous period (minus $2k) for HI-1a1c.
HI-1a1c should not be null and should not be negative.
For June, September, and December, if HI-A9 (current) is equal to
HI-A9 (previous), then the current period should be greater than
or equal to the previous period (minus $2k) for HI-1a2.
HI-1a2 should not be negative
For June, September, and December, if HI-A9 (current) is equal to
HI-A9 (previous), then the current period should be greater than
or equal to the previous period (minus $2k) for HI-1b.
HI-1b should not be null.
For June, September, and December, if HI-A9 (current) is equal to
HI-A9 (previous), then the current period should be greater than
or equal to the previous period (minus $2k) for HI-1c.
HI-1c should not be null and should not be negative.
For June, September, and December, if HI-A9 (current) is equal to
HI-A9 (previous), then the current period should be greater than
or equal to the previous period (minus $2k) for HI-1d1.
HI-1d1 should not be null and should not be negative.
For June, September, and December, if HI-A9 (current) is equal to
HI-A9 (previous), then the current period should be greater than
or equal to the previous period (minus $2k) for HI-1d2.
HI-1d2 should not be null and should not be negative.
For June, September, and December, if HI-A9 (current) is equal to
HI-A9 (previous), then the current period should be greater than
or equal to the previous period (minus $2k) for HI-1d3.
HI-1d3 should not be null and should not be negative.
For June, September, and December, if HI-A9 (current) is equal to
HI-A9 (previous), then the current period should be greater than
or equal to the previous period (minus $2k) for HI-1g.
For June, September, and December, if HI-A9 (current) is equal to
HI-A9 (previous), then the current period should be greater than
or equal to the previous period (minus $2k) for HI-2e.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HI-1f should
not be null and should not be negative.
For June, September, and December, if HI-A9 (current) is equal to
HI-A9 (previous), then the current period should be greater than
or equal to the previous period (minus $2k) for HI-5a.
HI-1g should not be null and should not be negative.
(bhckb558 + bhckb559 + bhckb560 + bhck3365 + bhdm3516 +
bhfn3360 + bhck3401 + bhckb985) le bhck3368
if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4356-q1 eq bhck4356-q2)) then (bhck4435-q1 ge
bhck4435-q2 - 2)
bhck4435 ne null and bhck4435 ge 0
if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4356-q1 eq bhck4356-q2)) then (bhck4436-q1 ge
bhck4436-q2 - 2)
bhck4436 ne null and bhck4436 ge 0
if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4356-q1 eq bhck4356-q2)) then (bhckf821-q1 ge bhckf821q2 - 2)
bhckf821 ne null and bhckf821 ge 0
if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4356-q1 eq bhck4356-q2)) then (bhck4059-q1 ge
bhck4059-q2 - 2)
bhck4059 ge 0 or bhck4059 eq null
if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4356-q1 eq bhck4356-q2)) then (bhck4065-q1 ge
bhck4065-q2 - 2)
bhck4065 ne null
if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4356-q1 eq bhck4356-q2)) then (bhck4115-q1 ge
bhck4115-q2 - 2)
bhck4115 ne null and bhck4115 ge 0
if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4356-q1 eq bhck4356-q2)) then (bhckb488-q1 ge
bhckb488-q2 - 2)
bhckb488 ne null and bhckb488 ge 0
if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4356-q1 eq bhck4356-q2)) then (bhckb489-q1 ge
bhckb489-q2 - 2)
bhckb489 ne null and bhckb489 ge 0
if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4356-q1 eq bhck4356-q2)) then (bhck4060-q1 ge
bhck4060-q2 - 2)
bhck4060 ne null and bhck4060 ge 0
if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4356-q1 eq bhck4356-q2)) then (bhck4518-q1 ge
bhck4518-q2 - 2)
if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4356-q1 eq bhck4356-q2)) then (bhck4398-q1 ge
bhck4398-q2 - 2)
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck4020 ne
null and bhck4020 ge 0
if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4356-q1 eq bhck4356-q2)) then (bhck4070-q1 ge
bhck4070-q2 - 2)
bhck4518 ne null and bhck4518 ge 0
FR Y-9C: EDIT-1 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
FRY9C
20150331
99991231
No Change
HI
FRY9C
20170331
99991231
No Change
FRY9C
20150331
99991231
FRY9C
20170331
FRY9C
TargetItem
MDRM
Number
Intraseries 5166
HI-7a
BHCK4135
HI
Quality
HI-2a1a
BHCKHK03
No Change
HI
Intraseries 5167
HI-7b
BHCK4217
99991231
No Change
HI
Quality
HI-2a1b
BHCKHK04
20150331
99991231
No Change
HI
Intraseries 5168
HI-7c1
BHCKC216
FRY9C
20160930
99991231
No Change
HI
Quality
HI-2a1c
BHCK6761
FRY9C
20150331
99991231
No Change
HI
Intraseries 5169
HI-7c2
BHCKC232
FRY9C
20160930
99991231
No Change
HI
Quality
HI-2a2
BHCK4172
FRY9C
20150331
99991231
No Change
HI
Intraseries 5220
HI-Mem3
BHCK4313
FRY9C
20160930
99991231
No Change
HI
Quality
HI-2b
BHCK4180
FRY9C
20150331
99991231
No Change
HI
Intraseries 5235
HI-Mem4
BHCK4507
FRY9C
20150331
99991231
No Change
HI
Intraseries 5400
HI-Mem13
BHCKA530
FRY9C
20150331
99991231
No Change
HI
Intraseries 0226
HI-Mem14b BHCKF553
FRY9C
20150331
99991231
No Change
HI-A
Intraseries 5455
HI-A2
BHCKB507
FRY9C
FRY9C
20150331
20190630
99991231
99991231
No Change
No Change
HI
HI
Quality
Quality
9050
9060
HI-2e
HI-4
BHCK4398
BHCKJJ33
FRY9C
20150331
99991231
No Change
HI-A
Intraseries 5450
HI-A3
BHCKB508
FRY9C
20150331
99991231
No Change
HI
Quality
HI-5a
BHCK4070
FRY9C
20150331
99991231
No Change
HI-A
Intraseries 5470
HI-A5a
BHCK3577
FRY9C
20160930
99991231
No Change
HI
Quality
HI-5b
BHCK4483
FRY9C
20150331
99991231
No Change
HI-A
Intraseries 5470
HI-A5b
BHCK3578
FRY9C
20150331
99991231
No Change
HI-A
Intraseries 5470
HI-A6a
BHCK3579
September 2021
Edit
Number
9030
9030
9030
9040
9050
9070
9080
Edit Test
Alg Edit Test
For June, September, and December, if HI-A9 (current) is equal to
HI-A9 (previous), then the current period should be greater than
or equal to the previous period (minus $2k) for HI-7a.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HI-2a1a should
not be null and should not be negative.
For June, September, and December, if HI-A9 (current) is equal to
HI-A9 (previous), then the current period should be greater than
or equal to the previous period (minus $2k) for HI-7b.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HI-2a1b should
not be null and should not be negative.
For June, September, and December, if HI-A9 (current) is equal to
HI-A9 (previous), then the current period should be greater than
or equal to the previous period (minus $2k) for HI-7c1.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HI-2a1c should
not be null and should not be negative.
For June, September, and December, if HI-A9 (current) is equal to
HI-A9 (previous), then the current period should be greater than
or equal to the previous period (minus $2k) for HI-7c2.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HI-2a2 should
not be negative.
For June, September, and December, HI-Mem3 (current) should
be greater than or equal to HI-Mem3 (previous - $2k).
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HI-2b should
not be null and should not be negative.
For June, September, and December, HI-Mem4 (current) should
be greater than or equal to HI-Mem4 (previous - $2k).
HI-Mem13 (current) should equal HI-Mem13 (previous).
For June, September, and December, if HI-Mem14b (previous) is
not equal to zero, then the HI-Mem14b (current) should not be
equal to zero.
For June, September, and December, if HI-A2 (previous) is not
equal to zero, then HI-A2 (current) should not equal zero.
HI-2e should not be null and should not be negative.
HI-4 should not be null.
if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4356-q1 eq bhck4356-q2)) then (bhck4135-q1 ge
bhck4135-q2 - 2)
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhckhk03
ne null and bhckhk03 ge 0
if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4356-q1 eq bhck4356-q2)) then (bhck4217-q1 ge
bhck4217-q2 - 2)
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhckhk04 ne
null and bhckhk04 ge 0
if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4356-q1 eq bhck4356-q2)) then (bhckc216-q1 ge
bhckc216-q2 - 2)
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck6761 ne
null and bhck6761 ge 0
if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4356-q1 eq bhck4356-q2)) then (bhckc232-q1 ge
bhckc232-q2 - 2)
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck4172 ge
0 or bhck4172 eq null
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhck4313-q1 ge bhck4313-q2 - 2)
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck4180 ne
null and bhck4180 ge 0
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhck4507-q1 ge bhck4507-q2 - 2)
(bhcka530-q1) eq (bhcka530-q2)
If HI-A15 (previous December) is greater than zero, and HI-A9
(current) equals zero, then HI-A1 (current) or HI-A3(current)
should equal HI-A15(previous December).
HI-5a should not be negative.
For June, September, and December, if HI-A5a (previous) is not
equal to zero, then HI-A5a (current) should not equal zero.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HI-5b should
not be null and should not be negative.
For June, September, and December, if HI-A5b (previous) is not
equal to zero, then HI-A5b (current) should not equal zero.
For June, September, and December, if HI-A6a (previous) is not
equal to zero, then HI-A6a (current) should not equal zero.
if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
bhckf553-q2 ne 0) then bhckf553-q1 ne 0
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhckb507-q2 ne 0) then (bhckb507-q1 ne 0)
bhck4398 ne null and bhck4398 ge 0
bhckjj33 ne null
if (mm-q1 eq 03 and bhct3210-q2 gt 0 and bhck4356-q1 eq 0)
then (bhck3217-q1 or bhckb508-q1) eq bhct3210-q2 or if (mmq1 eq 06 and bhct3210-q3 gt 0 and bhck4356-q1 eq 0) then
(bhck3217-q1 or bhckb508-q1) eq bhct3210-q3 or if (mm-q1 eq
09 and bhct3210-q4 gt 0 and bhck4356-q1 eq 0) then (bhck3217q1 or bhckb508-q1) eq bhct3210-q4 or if (mm-q1 eq 12 and
bhct3210-q5 gt 0 and bhck4356-q1 eq 0) then (bhck3217-q1 or
bhckb508-q1) eq bhct3210-q5
bhck4070 ge 0 or bhck4070 eq null
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
bhck3577-q2 ne 0 then bhck3577-q1 ne 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck4483 ne
null and bhck4483 ge 0
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck3578-q2 ne 0 ) then (bhck3578-q1 ne 0)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck3579-q2 ne 0 ) then (bhck3579-q1 ne 0)
FR Y-9C: EDIT-2 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
FRY9C
20150331
99991231
No Change
HI-A
Edit
Number
Intraseries 5470
TargetItem
MDRM
Number
Edit Test
Alg Edit Test
HI-A6b
BHCK3580
For June, September, and December, if HI-A6b (previous) is not
equal to zero, then HI-A6b (current) should not equal zero.
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck3580-q2 ne 0 ) then (bhck3580-q1 ne 0)
if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000) then if ((bhckc242 + bhckc243 gt 0) and (bhckc242
+ bhckc243 ne bhckc387)) then bhckc386 gt 0 and bhckc386 ne
null
if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000) then if bhckc386 gt 0 then bhckc386 ge (bhckc242
+ bhckc243)
if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000) then if bhckb983 gt 0 then bhckc386 gt 0 and
bhckc386 ne null
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
((bhck4782-q2 + bhck4783-q2) ne 0) then ((bhck4782-q1 +
bhck4783-q1) ne 0)
FRY9C
20191231
99991231
No Change
HI
Quality
5131
HI-5d4
BHCKC386
If previous year June HC-12 is greater than or equal to $5 billion,
then if the sum of HI-Mem12b1 and HI-Mem12b2 is greater than
zero and does not equal HI-5d5, then HI-5d4 should be greater
than zero and HI-5d4 should not be null.
FRY9C
20191231
99991231
No Change
HI
Quality
5132
HI-5d4
BHCKC386
If previous year June HC-12 is greater than or equal to $5 billion,
then if HI-5d4 is greater than zero, then HI-5d4 should be greater
than or equal to the sum of HI-Mem12b1 and HI-Mem12b2.
FRY9C
20191231
99991231
No Change
HI
Quality
5133
HI-5d4
BHCKC386
If previous year June HC-12 is greater than or equal to $5 billion
and if HI-Mem12c is greater than zero, then HI-5d4 should be
greater than zero and HI-5d4 should not be null.
FRY9C
20150331
99991231
No Change
HI-A
Intraseries 5480
HI-A8
BHCK4783
FRY9C
20191231
99991231
No Change
HI
Quality
HI-5d5
BHCKC387
FRY9C
20150331
99991231
No Change
HI-A
Intraseries 5485
HI-A9
BHCK4356
FRY9C
20150331
99991231
No Change
HI-A
Intraseries 5530
HI-A12
BHCKB511
FRY9C
20191231
99991231
No Change
HI
Quality
1110
HI-5d1
BHCKC886
If previous year June HC-12 is less than $5 billion then HI-5d1
through HI-5d5 should be left blank.
FRY9C
20191231
99991231
No Change
HI
Quality
1111
HI-5d6
BHCKKX46
If previous year June HC-12 is less than $5 billion then HI-5d6
should not be null and should not be negative.
FRY9C
20191231
99991231
No Change
HI
Quality
1112
HI-5d7
BHCKKX47
If previous year June HC-12 is less than $5 billion then HI-5d7
should not be null and should not be negative.
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
HI
HI
HI
HI
HI
HI
HI
HI
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
9090
9110
9110
9110
9110
9110
9110
5138
HI-5f
HI-5i
HI-5j
HI-5k
HI-5l
HI-6a
HI-6b
HI-7a
BHCKB492
BHCK8560
BHCK8561
BHCKB496
BHCKB497
BHCK3521
BHCK3196
BHCK4135
HI-5f should not be null.
HI-5i should not be null.
HI-5j should not be null.
HI-5k should not be null.
HI-5l should not be null.
HI-6a should not be null.
HI-6b should not be null.
HI-7a should be greater than zero and HI-7a should not be null.
September 2021
5135
For June, September, and December, if the sum of HI-A7 and HIA8 (previous) is not equal to zero, then the sum of HI-A7 and HIA8 (current) should not be equal to zero.
For March, If previous year June HC-12 is greater than or equal to
$5 billion and the absolute value of HI-5d4 is greater than $5k,
then HI-5d5 should not equal zero and HI-5d5 should not be null.
For June, September, and December, if HI-A9 (previous) is not
equal to zero, then HI-A9 (current) should not be equal to zero.
For June, September, and December, if HI-A12 (previous) is not
equal to zero, then HI-A12 (current) should not be equal to zero.
if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) and
abs(bhckc386) gt 5 then bhckc387 ne 0 and bhckc387 ne null
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4356-q2 ne 0) then (bhck4356-q1 ne 0)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhckb511-q2 ne 0) then (bhckb511-q1 ne 0)
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckc886 eq null and bhckc888 eq null and bhckc887 eq
null and bhckc386 eq null and bhckc387 eq null.
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckkx46 ne null and bhckkx46 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckkx47 ne null and bhckkx47 ge 0
bhckb492 ne null
bhck8560 ne null
bhck8561 ne null
bhckb496 ne null
bhckb497 ne null
bhck3521 ne null
bhck3196 ne null
bhck4135 gt 0 and bhck4135 ne null
FR Y-9C: EDIT-3 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0001
HI-B(I)1a1A BHCKC891
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0002
HI-B(I)1a1B
BHCKC892
FRY9C
20150331
99991231
No Change
HI
Quality
HI-7b
BHCK4217
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0046
HI-B(I)1a2A BHCKC893
FRY9C
20150331
99991231
No Change
HI
Quality
HI-7c1
BHCKC216
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0047
HI-B(I)1a2B
BHCKC894
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20200331
20150331
20160930
99991231
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
No Change
HI
HI
HI
HI
HI
Quality
Quality
Quality
Quality
Quality
9140
9150
9171
9170
9170
HI-7c2
HI-7d
HI-8b
HI-9
HI-11
BHCKC232
BHCK4092
BHCKHT70
BHCK4302
BHCKFT28
FRY9C
20191231
99991231
No Change
HI
Quality
5214
HI-Mem1
BHCK4519
If previous year June HC-12 is greater than or equal to $5 billion
then the absolute value of HI-Mem1 should be less than or equal
to 150% of the absolute value of HI-3.
FRY9C
20191231
99991231
No Change
HI
Quality
5218
HI-Mem2
BHCK4592
If previous year June HC-12 is greater than or equal to $5 billion,
then the absolute value of HI-Mem2 should be less than or equal
to 150% of the absolute value of HI-8c.
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0003
HI-B(I)1bA
BHCK3584
FRY9C
20150331
99991231
No Change
HI
Quality
HI-Mem3
BHCK4313
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0004
HI-B(I)1bB
BHCK3585
FRY9C
20150331
99991231
No Change
HI
Quality
9190
HI-Mem4
BHCK4507
FRY9C
20160930
99991231
No Change
HI
Quality
5240
HI-Mem5
BHCK4150
FRY9C
20150331
99991231
No Change
HI
Quality
5245
HI-Mem5
BHCK4150
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0005
HI-B(I)1c1A
BHCK5411
FRY9C
20150331
99991231
No Change
HI
Quality
9190
HI-Mem5
BHCK4150
FRY9C
20191231
99991231
No Change
HI
Quality
1113
HI-Mem6a
BHCKC013
FRY9C
20191231
99991231
No Change
HI
Quality
1114
HI-Mem6a
BHCKC013
If previous year June HC-12 is less than $5 billion then for March,
June and September, HI-Mem6a should be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1115
HI-Mem6b
BHCKC014
If previous year June HC-12 is less than $5 billion then for
December, HI-Mem6b should not be null.
September 2021
Edit
Number
9130
9140
9190
TargetItem
MDRM
Number
Edit Test
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)1a1A.
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)1a1B.
HI-7b should not be null.
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)1a2A.
HI-7c1 should not be null and should not be negative.
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)1a2B.
HI-7c2 should not be null and should not be negative.
HI-7d should not be null.
If HC-2c is greater than zero, HI-8b should not be zero or null.
HI-9 should not be null.
HI-11 should not be null.
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)1bA.
HI-Mem3 should not be null and should not be negative.
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)1bB.
HI-Mem4 should not be null and should not be negative.
For March, if HI-Mem5 is greater than zero, then HI-7a divided by
HI-Mem5 should be in the range of $4 - $50 thousand.
HI-Mem5 should be greater than zero and HI-Mem5 should not be
null.
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)1c1A.
HI-Mem5 should not be null and should not be negative.
If previous year June HC-12 is less than $5 billion then for
December, HI-Mem6a should not be null.
Alg Edit Test
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhckc891-q1 ge bhckc891-q2 - 2)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhckc892-q1 ge bhckc892-q2 - 2)
bhck4217 ne null
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhckc893-q1 ge bhckc893-q2 - 2)
bhckc216 ne null and bhckc216 ge 0
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhckc894-q1 ge bhckc894-q2 - 2)
bhckc232 ne null and bhckc232 ge 0
bhck4092 ne null
If bhckja22 gt 0, bhckht70 ne 0 and bhckht70 ne null
bhck4302 ne null
bhckft28 ne null
if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000) then abs(bhck4519) le (abs(bhck4074) * 1.5)
(if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) then abs(bhck4592) le (abs(bhck4301) * 1.5)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhck3584-q1 ge bhck3584-q2 - 2)
bhck4313 ne null and bhck4313 ge 0
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhck3585-q1 ge bhck3585-q2 - 2)
bhck4507 ne null and bhck4507 ge 0
if (mm-q1 eq 03) and (bhck4150 gt 0) then ((bhck4135 /
bhck4150) ge 4 and (bhck4135 / bhck4150) le 50)
bhck4150 gt 0 and bhck4150 ne null
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhck5411-q1 ge bhck5411-q2 - 2)
bhck4150 ne null and bhck4150 ge 0
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhckc013
ne null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) then bhckc013 eq null
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhckc014
ne null
FR Y-9C: EDIT-4 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
Edit Test
Alg Edit Test
FRY9C
20191231
99991231
No Change
HI
Quality
1116
HI-Mem6b
BHCKC014
If previous year June HC-12 is less than $5 billion then for March,
June and September, HI-Mem6b should be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1117
HI-Mem6c
BHCKC016
If previous year June HC-12 is less than $5 billion then for
December, HI-Mem6c should not be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1118
HI-Mem6c
BHCKC016
If previous year June HC-12 is less than $5 billion then for March,
June and September, HI-Mem6c should be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1119
HI-Mem6d
BHCK4042
If previous year June HC-12 is less than $5 billion then for
December, HI-Mem6d should not be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1120
HI-Mem6d
BHCK4042
If previous year June HC-12 is less than $5 billion then for March,
June and September, HI-Mem6d should be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1121
HI-Mem6e
BHCKC015
FRY9C
20191231
99991231
No Change
HI
Quality
1122
HI-Mem6e
BHCKC015
FRY9C
20191231
99991231
No Change
HI
Quality
1123
HI-Mem6f
BHCKF555
FRY9C
20191231
99991231
No Change
HI
Quality
1124
HI-Mem6f
BHCKF555
FRY9C
20191231
99991231
No Change
HI
Quality
1125
HI-Mem6g
BHCKT047
FRY9C
20191231
99991231
No Change
HI
Quality
1126
HI-Mem6g
BHCKT047
FRY9C
20200630
99991231
No Change
HI
Quality
5260
HI-Mem6h
BHCK8562
FRY9C
20191231
99991231
No Change
HI
Quality
1127
HI-Mem6h
BHCK8562
FRY9C
20200630
99991231
No Change
HI
Quality
1128
HI-Mem6h
BHCK8562
If previous year June HC-12 is less than $5 billion then for March,
June and September, financial data should be null, and text data
should be null.
if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000)) and bhck8562 eq null then text8562 eq null
FRY9C
20180630
99991231
No Change
HI
Quality
5261
HIMem6hTX
TEXT8562
If text data is not equal to null, then financial data should not
equal null or zero.
if text8562 ne null then bhck8562 ne null and bhck8562 ne 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and bhck8563 ne null and bhck8563 ne 0 then
text8563 ne null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) then bhckc014 eq null
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhckc016
ne null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) then bhckc016 eq null
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhck4042
ne null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) then bhck4042 eq null
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if previous year
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1
June HC-12 is less than $5 billion then for December, HI-Mem6e
eq 12 and bhck2170-q7 lt 5000000) then bhckc015 ne null
should not be null.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if previous year
eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 and
June HC-12 is less than $5 billion then for March, June and
bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-q6 lt
September, HI-Mem6e should be null.
5000000) then bhckc015 eq null
If previous year June HC-12 is less than $5 billion then for
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhckf555 ne
December, HI-Mem6f should not be null.
null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
If previous year June HC-12 is less than $5 billion then for March,
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170June and September, HI-Mem6f should be null.
q6 lt 5000000) then bhckf555 eq null
If previous year June HC-12 is less than $5 billion then for
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhckt047 ne
December, HI-Mem6g should not be null.
null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
If previous year June HC-12 is less than $5 billion then for March,
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170June and September, HI-Mem6g should be null.
q6 lt 5000000) then bhckt047 eq null
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and financial data is not equal to null or zero, then text data
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
should not be null.
ge 5000000)) and bhck8562 ne null and bhck8562 ne 0 then
text8562 ne null
If previous year June HC-12 is less than $5 billion then for
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and bhck8562 ne
December, and financial data is not equal to null or zero, then text
null and bhck8562 ne 0 then text8562 ne null
data should not be null.
FRY9C
20200630
99991231
No Change
HI
Quality
5262
HI-Mem6i
BHCK8563
If previous year June HC-12 is greater than or equal to $5 billion
and financial data is not equal to null or zero, then text data
should not be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1129
HI-Mem6i
BHCK8563
If previous year June HC-12 is less than $5 billion then for
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and bhck8563 ne
December, and financial data is not equal to null or zero, then text
null and bhck8563 ne 0 then text8563 ne null
data should not be null.
September 2021
FR Y-9C: EDIT-5 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
Edit Test
Alg Edit Test
FRY9C
20200630
99991231
No Change
HI
Quality
1130
HI-Mem6i
BHCK8563
If previous year June HC-12 is less than $5 billion then for March,
June and September, financial data should be null, and text data
should be null.
if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000)) and bhck8563 eq null then text8563 eq null
FRY9C
20180630
99991231
No Change
HI
Quality
5263
HI-Mem6iTX TEXT8563
If text data is not equal to null, then financial data should not
equal null or zero.
if text8563 ne null then bhck8563 ne null and bhck8563 ne 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and bhck8564 ne null and bhck8564 ne 0 then
text8564 ne null
FRY9C
20200630
99991231
No Change
HI
Quality
5264
HI-Mem6j
BHCK8564
If previous year June HC-12 is greater than or equal to $5 billion
and financial data is not equal to null or zero, then text data
should not be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1131
HI-Mem6j
BHCK8564
If previous year June HC-12 is less than $5 billion then for
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and bhck8564 ne
December, and financial data is not equal to null or zero, then text
null and bhck8564 ne 0 then text8564 ne null
data should not be null.
FRY9C
20200630
99991231
No Change
HI
Quality
1132
HI-Mem6j
BHCK8564
If previous year June HC-12 is less than $5 billion then for March,
June and September, financial data should be null, and text data
should be null.
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0006
HI-B(I)1c1B
BHCK5412
FRY9C
20180630
99991231
No Change
HI
Quality
5265
HI-Mem6jTX TEXT8564
FRY9C
20191231
99991231
No Change
HI
Quality
1133
HI-Mem7a
BHCKC017
FRY9C
20191231
99991231
No Change
HI
Quality
1134
HI-Mem7a
BHCKC017
If previous year June HC-12 is less than $5 billion then for March,
June and September, HI-Mem7a should be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1135
HI-Mem7b
BHCK0497
If previous year June HC-12 is less than $5 billion then for
December, HI-Mem7b should not be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1136
HI-Mem7b
BHCK0497
If previous year June HC-12 is less than $5 billion then for March,
June and September, HI-Mem7b should be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1137
HI-Mem7c
BHCK4136
If previous year June HC-12 is less than $5 billion then for
December, HI-Mem7c should not be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1138
HI-Mem7c
BHCK4136
If previous year June HC-12 is less than $5 billion then for March,
June and September, HI-Mem7c should be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1139
HI-Mem7d
BHCKC018
If previous year June HC-12 is less than $5 billion then for
December, HI-Mem7d should not be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1140
HI-Mem7d
BHCKC018
If previous year June HC-12 is less than $5 billion then for March,
June and September, HI-Mem7d should be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1141
HI-Mem7e
BHCK8403
If previous year June HC-12 is less than $5 billion then for
December, HI-Mem7e should not be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1142
HI-Mem7e
BHCK8403
If previous year June HC-12 is less than $5 billion then for March,
June and September, HI-Mem7e should be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1143
HI-Mem7f
BHCK4141
If previous year June HC-12 is less than $5 billion then for
December, HI-Mem7f should not be null.
September 2021
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)1c1B.
If text data is not equal to null, then financial data should not
equal null or zero.
If previous year June HC-12 is less than $5 billion then for
December, HI-Mem7a should not be null.
if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000)) and bhck8564 eq null then text8564 eq null
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhck5412-q1 ge bhck5412-q2 - 2)
if text8564 ne null then bhck8564 ne null and bhck8564 ne 0
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhckc017
ne null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) then bhckc017 eq null
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhck0497
ne null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) then bhck0497 eq null
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhck4136
ne null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) then bhck4136 eq null
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhckc018
ne null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) then bhckc018 eq null
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhck8403
ne null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) then bhck8403 eq null
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhck4141
ne null
FR Y-9C: EDIT-6 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
Edit Test
Alg Edit Test
FRY9C
20191231
99991231
No Change
HI
Quality
1144
HI-Mem7f
BHCK4141
If previous year June HC-12 is less than $5 billion then for March,
June and September, HI-Mem7f should be null.
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) then bhck4141 eq null
FRY9C
20191231
99991231
No Change
HI
Quality
1145
HI-Mem7g
BHCK4146
FRY9C
20191231
99991231
No Change
HI
Quality
1146
HI-Mem7g
BHCK4146
FRY9C
20191231
99991231
No Change
HI
Quality
1147
HI-Mem7l
BHCKY923
FRY9C
20191231
99991231
No Change
HI
Quality
1148
HI-Mem7l
BHCKY923
If previous year June HC-12 is less than $5 billion then for March,
June and September, HI-Mem7l should be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1149
HI-Mem7m
BHCKY924
If previous year June HC-12 is less than $5 billion then for
December, HI-Mem7m should not be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1150
HI-Mem7m
BHCKY924
If previous year June HC-12 is less than $5 billion then for March,
June and September, HI-Mem7m should be null.
FRY9C
20200630
99991231
No Change
HI
Quality
5280
HI-Mem7n
BHCK8565
If previous year June HC-12 is greater than or equal to $5 billion
and financial data is not equal to null or zero, then text data
should not be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1151
HI-Mem7n
BHCK8565
If previous year June HC-12 is less than $5 billion then for
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and bhck8565 ne
December, and financial data is not equal to null or zero, then text
null and bhck8565 ne 0 then text8565 ne null
data should not be null.
FRY9C
20200630
99991231
No Change
HI
Quality
1152
HI-Mem7n
BHCK8565
For March, June and September, If previous year June HC-12 is
if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
less than $5 billion and financial data is null, then text data should and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170be null.
q6 lt 5000000)) and bhck8565 is null then text8565 is null
TEXT8565
If previous year June HC-12 is greater than or equal to $5 billion,
and text data is not equal to null, then financial data should not
equal null or zero.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if previous year
June HC-12 is less than $5 billion then for December, HI-Mem7g
should not be null.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if previous year
June HC-12 is less than $5 billion then for March, June and
September, HI-Mem7g should be null.
If previous year June HC-12 is less than $5 billion then for
December, HI-Mem7l should not be null.
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhck4146
ne null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) then bhck4146 eq null
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhcky923
ne null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) then bhcky923 eq null
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhcky924
ne null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) then bhcky924 eq null
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and bhck8565 ne null and bhck8565 ne 0 then
text8565 ne null
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and text8565 ne null then bhck8565 ne null and
bhck8565 ne 0
FRY9C
20200630
99991231
No Change
HI
Quality
5281
HIMem7nTX
FRY9C
20191231
99991231
No Change
HI
Quality
1153
HIMem7nTX
TEXT8565
FRY9C
20191231
99991231
No Change
HI
Quality
1154
HIMem7nTX
TEXT8565
FRY9C
20200630
99991231
No Change
HI
Quality
5282
HI-Mem7o
BHCK8566
If previous year June HC-12 is greater than or equal to $5 billion,
and financial data is not equal to null or zero, then text data
should not be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1155
HI-Mem7o
BHCK8566
If previous year June HC-12 is less than $5 billion then for
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and bhck8566 ne
December, and financial data is not equal to null or zero, then text
null and bhck8566 ne 0 then text8566 ne null
data should not be null.
September 2021
If previous year June HC-12 is less than $5 billion then for
December, and text data is not equal to null, then financial data
should not equal null or zero.
If previous year June HC-12 is less than $5 billion then for March,
June and September, then text data and financial data should be
null.
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and text8565 ne
null then text8565 ne null and bhck8565 ne 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) then text8565 is null and bhck8565 is null
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and bhck8566 ne null and bhck8566 ne 0 then
text8566 ne null
FR Y-9C: EDIT-7 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20200630
99991231
No Change
1156
HI-Mem7o
HI
Quality
Edit Test
Alg Edit Test
BHCK8566
If previous year June HC-12 is less than $5 billion then for March,
June and September, and financial data is null, then text data
should be null.
if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000)) and bhck8566 eq null then text8566 eq null
TEXT8566
If previous year June HC-12 is greater than or equal to $5 billion,
and text data is not equal to null, then financial data should not
equal null or zero.
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and text8566 ne null then bhck8566 ne null and
bhck8566 ne 0
FRY9C
20200630
99991231
No Change
HI
Quality
5283
HIMem7oTX
FRY9C
20200331
99991231
No Change
HI
Quality
1157
HIMem7oTX
TEXT8566
FRY9C
20191231
99991231
No Change
HI
Quality
1158
HIMem7oTX
TEXT8566
FRY9C
20200630
99991231
No Change
HI
Quality
5284
HI-Mem7p
BHCK8567
FRY9C
20191231
99991231
No Change
HI
Quality
1159
HI-Mem7p
BHCK8567
FRY9C
20201231
99991231
No Change
HI
Quality
1160
HI-Mem7p
BHCK8567
FRY9C
20191231
99991231
No Change
HI
Quality
5295
HI-Mem7p
BHCK8567
FRY9C
20191231
99991231
No Change
HI
Quality
1161
HI-Mem7p
BHCK8567
FRY9C
20201231
99991231
No Change
HI
Quality
1162
HI-Mem7p
BHCK8567
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0007
HI-B(I)1c2aA BHCKC234
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0008
HI-B(I)1c2aB BHCKC217
September 2021
For December, if previous year June HC-12 is less than $5 billion
and text data is not equal to null, then financial data should not
equal null or zero.
If previous year June HC-12 is less than $5 billion then for March,
June and September, then text data and financial data should be
null.
If previous year June HC-12 is greater than or equal to $5 billion,
and financial data is not equal to null or zero, then text data
should not be null.
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and text8566 ne
null then bhck8566 ne null and bhck8566 ne 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) then text8566 is null and bhck8566 is null
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and bhck8567 ne null and bhck8567 ne 0 then
text8567 ne null
If previous year June HC-12 is less than $5 billion then for
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and bhck8567 ne
December, and financial data is not equal to null or zero, then text
null and bhck8567 ne 0 then text8567 ne null
data should not be null.
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
If previous year June HC-12 is less than $5 billion, then for March,
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170June and September text data and financial data should be null.
q6 lt 5000000) then bhck8567 eq null and text8567 eq null
if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
If previous year June HC-12 is greater than or equal to $5 billion, bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
the sum of HI-Mem7a through HI-Mem7p should be less than or ge 5000000) then (bhckc017 + bhck0497 + bhck4136 +
equal to HI-7d.
bhckc018 + bhck8403 + bhck4141 + bhck4146 + bhckf556 +
bhckf557 + bhckf558 + bhckf559 + bhcky923+ bhcky924+
bhck8565 + bhck8566 + bhck8567) le bhck4092
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then (bhckc017 +
If previous year June HC-12 is less than $5 billion then for
bhck0497 + bhck4136 + bhckc018 + bhck8403 + bhck4141 +
December, the sum of HI-Mem7a through HI-Mem7p should be bhck4146 + bhckf556 + bhckf557 + bhckf558 + bhckf559 +
less than or equal to HI-7d.
bhcky923+ bhcky924+ bhck8565 + bhck8566 + bhck8567) le
bhck4092
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170For March, June, September, if previous year June HC-12 less than q6 lt 5000000) then (bhckc017 + bhck0497 + bhck4136 +
$5 billion, then HI-Mem7a through HI-Mem7p should be null.
bhckc018 + bhck8403 + bhck4141 + bhck4146 + bhckf556 +
bhckf557 + bhckf558 + bhckf559 + bhcky923 + bhcky924 +
bhck8565 + bhck8566 + bhck8567) eq 0
For June, September, and December, the current period should be
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
greater than or equal to the previous period (minus $2k) for HI(bhckc234-q1 ge bhckc234-q2 - 2)
B(I)1c2aA.
For June, September, and December, the current period should be
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
greater than or equal to the previous period (minus $2k) for HI(bhckc217-q1 ge bhckc217-q2 - 2)
B(I)1c2aB.
FR Y-9C: EDIT-8 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20200630
99991231
No Change
HI
Quality
5285
HIMem7pTX
TEXT8567
FRY9C
20191231
99991231
No Change
HI
Quality
1165
HIMem7pTX
TEXT8567
FRY9C
20191231
99991231
No Change
HI
Quality
1166
HIMem7pTX
TEXT8567
FRY9C
20200630
99991231
No Change
HI
Quality
5300
HI-Mem8a1 BHCKFT29
FRY9C
20200630
99991231
No Change
HI
Quality
1167
HI-Mem8a1 BHCKFT29
FRY9C
20200630
99991231
No Change
HI
Quality
5301
HIMem8a1TX
TEXTFT29
FRY9C
20200630
99991231
No Change
HI
Quality
1168
HIMem8a1TX
TEXTFT29
FRY9C
20200630
99991231
No Change
HI
Quality
5306
HI-Mem8a1 BHCKFT29
FRY9C
20200630
99991231
No Change
HI
Quality
1169
HI-Mem8a1 BHCKFT29
FRY9C
20200630
99991231
No Change
HI
Quality
5307
HI-Mem8a2 BHCKFT30
FRY9C
20200630
99991231
No Change
HI
Quality
1170
HI-Mem8a2 BHCKFT30
FRY9C
20200630
99991231
No Change
HI
Quality
5302
HI-Mem8b1 BHCKFT31
September 2021
Edit Test
Alg Edit Test
If previous year June HC-12 is greater than or equal to $5 billion,
and text data is not equal to null, then financial data should not
equal null or zero.
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and text8567 ne null then bhck8567 ne null and
bhck8567 ne 0
For December, if previous year June HC-12 is less than $5 billion,
and financial data is not equal to null or zero, then text data
should not be null.
For March, June and September, if previous year June HC-12 is
less than $5 billion, then text data and financial data should be
null.
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and bhck8567 ne
null and bhck8567 ne 0 then text8567 ne null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) then text8567 and bhck8567 eq null.
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and financial data is not equal to null or zero, then text data
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
should not be null.
ge 5000000)) and bhckft29 ne null and bhckft29 ne 0 then
textft29 ne null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
If previous year June HC-12 is less than $5 billion, then financial
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170data and text data should equal null.
q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000),
then bhckft29 eq null and textft29 eq null
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and text data is not equal to null, then financial data should not
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
equal null or zero.
ge 5000000)) and textft29 ne null then bhckft29 ne null and
bhckft29 ne 0
if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
If previous year June HC-12 is less than $5 billion, and text data is and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170equal to null, then financial data should equal null.
q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000))
and textft29 eq null then bhckft29 eq null
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HI Mem8a1 is not equal to zero or null, then HI Mem8a2
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
should not equal zero or null.
ge 5000000)) and bhckft29 ne 0 and bhckft29 ne null then
bhckft30 ne 0 and bhckft30 ne null
if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
If previous year June HC-12 is less than $5 billion, and HI Mem8a1 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170is null, then HI Mem8a2 should equal null.
q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000))
and bhckft29 eq null then bhckft30 eq null
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HI Mem8a2 is not equal to zero or null, then HI Mem 8a1
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
should not equal zero or null.
ge 5000000)) and bhckft30 ne 0 and bhckft30 ne null then
bhckft29 ne 0 and bhckft29 ne null
if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
If previous year June HC-12 is less than $5 billion, and HI Mem8a2 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170is null, then HI Mem 8a1 should equal null.
q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000))
and bhckft30 eq null then bhckft29 eq null
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and financial data is not equal to null or zero, then text data
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
should not be null.
ge 5000000)) and bhckft31 ne null and bhckft31 ne 0 then
textft31 ne null
FR Y-9C: EDIT-9 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20200630
99991231
No Change
HI
Quality
1171
HI-Mem8b1 BHCKFT31
FRY9C
20200630
99991231
No Change
HI
Quality
5308
HI-Mem8b1 BHCKFT31
FRY9C
20200630
99991231
No Change
HI
Quality
1172
HI-Mem8b1 BHCKFT31
FRY9C
20200630
99991231
No Change
HI
Quality
5309
HI-Mem8b2 BHCKFT32
FRY9C
20200630
99991231
No Change
HI
Quality
1173
HI-Mem8b2 BHCKFT32
FRY9C
20200630
99991231
No Change
HI
Quality
5303
HITEXTFT31
Mem8b1TX
FRY9C
20200630
99991231
No Change
HI
Quality
1174
HITEXTFT31
Mem8b1TX
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0009
HI-B(I)1c2bA BHCKC235
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0010
HI-B(I)1c2bB BHCKC218
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0011
HI-B(I)1dA
BHCK3588
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0012
HI-B(I)1dB
BHCK3589
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0013
HI-B(I)1e1A BHCKC895
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0014
HI-B(I)1e1B BHCKC896
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0050
HI-B(I)1e2A BHCKC897
September 2021
Edit Test
Alg Edit Test
if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000))
and bhckft31 eq null then textft31 eq null
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HI Mem8b1 is not equal to zero or null, then HI Mem8b2
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
should not equal zero or null.
ge 5000000)) and bhckft31 ne 0 and bhckft31 ne null then
bhckft32 ne 0 and bhckft32 ne null
if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
If previous year June HC-12 is less than $5 billion, and HI Mem8b1 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170is null, then HI Mem8b2 should equal null.
q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000))
and bhckft31 eq null then bhckft32 eq null
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HI Mem8b2 is not equal to zero or null, then HI Mem 8b1
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
should not equal zero or null.
ge 5000000)) and bhckft32 ne 0 and bhckft32 ne null then
bhckft31 ne 0 and bhckft31 ne null
if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
If previous year June HC-12 is less than $5 billion, and HI Mem8b2 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170is null, then HI Mem 8b1 should equal null.
q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000))
and bhckft32 eq null then bhckft31 eq null
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and text data is not equal to null, then financial data should not
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
equal null or zero.
ge 5000000)) and textft31 ne null then bhckft31 ne null and
bhckft31 ne 0
if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
If previous year June HC-12 is less than $5 billion, and text data is and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170null, then financial data should equal null.
q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000))
and textft31 eq null then bhckft31 eq null
For June, September, and December, the current period should be
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
greater than or equal to the previous period (minus $2k) for HI(bhckc235-q1 ge bhckc235-q2 - 2)
B(I)1c2bA.
For June, September, and December, the current period should be
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
greater than or equal to the previous period (minus $2k) for HI(bhckc218-q1 ge bhckc218-q2 - 2)
B(I)1c2bB.
For June, September, and December, the current period should be
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
greater than or equal to the previous period (minus $2k) for HI(bhck3588-q1 ge bhck3588-q2 - 2)
B(I)1dA.
For June, September, and December, the current period should be
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
greater than or equal to the previous period (minus $2k) for HI(bhck3589-q1 ge bhck3589-q2 - 2)
B(I)1dB.
For June, September, and December, the current period should be
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
greater than or equal to the previous period (minus $2k) for HI(bhckc895-q1 ge bhckc895-q2 - 2)
B(I)1e1A.
For June, September, and December, the current period should be
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
greater than or equal to the previous period (minus $2k) for HI(bhckc896-q1 ge bhckc896-q2 - 2)
B(I)1e1B.
For June, September, and December, the current period should be
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
greater than or equal to the previous period (minus $2k) for HI(bhckc897-q1 ge bhckc897-q2 - 2)
B(I)1e2A.
If previous year June HC-12 is less than $5 billion, and financial
data is null, then text data should be null.
FR Y-9C: EDIT-10 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0051
HI-B(I)1e2B BHCKC898
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0015
HI-B(I)1fA
BHCKB512
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0016
HI-B(I)1fB
BHCKB513
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0021
HI-B(I)3A
BHCK4655
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0022
HI-B(I)3B
BHCK4665
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0026
HI-B(I)4bB
BHCK4618
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0027
HI-B(I)5aA
BHCKB514
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0028
HI-B(I)5aB
BHCKB515
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0029
HI-B(I)5bA
BHCKK129
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0030
HI-B(I)5bB
BHCKK133
Edit Test
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)1e2B.
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)1fA.
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)1fB.
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)3A.
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)3B.
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)4bB.
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)5aA.
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)5aB.
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)5bA.
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)5bB.
FRY9C
20191231
99991231
No Change
HI
Intraseries 5390
HI-Mem12a BHCK8431
If previous year June HC-12 is greater than or equal to $5 billion,
then HI-Mem12a should be less than or equal to the sum of HI5d1, HI-5d2, HI-5d3, and HI-5d5 (+$10k).
FRY9C
20191231
99991231
No Change
HI
Intraseries 1183
HI-Mem12a BHCK8431
If previous year June HC-12 is less than $5 billion, then HIMem12a should be null.
FRY9C
20191231
99991231
No Change
HI
Quality
1184
HIMem12b1
BHCKC242
If previous year June HC-12 is less than $5 billion, then HIMem12b1 should be null.
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0398
HI-B(I)5cA
BHCKK205
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0399
HI-B(I)5cB
BHCKK206
FRY9C
20150331
99991231
No Change
HI
Quality
HIMem12b2
BHCKC243
September 2021
5399
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)5cA.
For June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)5cB.
If HI-Mem12c is greater than zero, then the sum of HIMem12b1and HI-Mem12b2 should be greater than zero and the
sum of HI-Mem12b1and HI-Mem12b2 should not equal null.
Alg Edit Test
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhckc898-q1 ge bhckc898-q2 - 2)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhckb512-q1 ge bhckb512-q2 - 2)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhckb513-q1 ge bhckb513-q2 - 2)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhck4655-q1 ge bhck4655-q2 - 2)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhck4665-q1 ge bhck4665-q2 - 2)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhck4618-q1 ge bhck4618-q2 - 2)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhckb514-q1 ge bhckb514-q2 - 2)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhckb515-q1 ge bhckb515-q2 - 2)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhckk129-q1 ge bhckk129-q2 - 2)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhckk133-q1 ge bhckk133-q2 - 2)
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000) then bhck8431 le ((bhckc886 + bhckc888 +
bhckc887 + bhckc387) + 10)
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhck8431 eq null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckc242 eq null
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhckk205-q1 ge bhckk205-q2 - 2)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhckk206-q1 ge bhckk206-q2 - 2)
if bhckb983 gt 0 then (bhckc242 + bhckc243) gt 0 and
(bhckc242 + bhckc243) ne null
FR Y-9C: EDIT-11 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20191231
99991231
No Change
HI
Quality
1186
HIMem12b2
FRY9C
20191231
99991231
No Change
HI
Quality
1187
HI-Mem12c BHCKB983
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0033
HI-B(I)7A
BHCK4644
FRY9C
20150331
99991231
No Change
HI
Quality
5403
HI-Mem13
BHCKA530
FRY9C
20150331
99991231
No Change
HI
Quality
9205
HI-Mem13
BHCKA530
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0034
HI-B(I)7B
BHCK4628
FRY9C
20150331
99991231
No Change
HI
Quality
5420
HI-Mem15
BHCKC409
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0036
HI-B(I)8aB
BHCKF187
FRY9C
20191231
99991231
No Change
HI
Quality
1188
HI-Mem15
BHCKC409
FRY9C
20191231
99991231
No Change
HI
Quality
1189
HI-Mem16
BHCKF228
FRY9C
20191231
99991231
No Change
HI
Quality
9206
HI-Mem16
BHCKF228
FRY9C
20191231
99991231
No Change
HI
Quality
1190
HI-Mem16
BHCKF228
FRY9C
20191231
99991231
No Change
HI
Quality
9206
HI-Mem17
BHCKJ321
FRY9C
20191231
99991231
No Change
HI
Quality
1191
HI-Mem17
BHCKJ321
FRY9C
20150331
99991231
No Change
HI-A
Quality
9210
HI-A1
BHCK3217
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0037
HI-B(I)8bA
BHCKC880
FRY9C
20150331
99991231
No Change
HI-A
Quality
HI-A2
BHCKB507
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0038
HI-B(I)8bB
BHCKF188
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HI-A
HI-A
Quality
Quality
HI-A3
HI-A4
BHCKB508
BHCT4340
September 2021
9210
9210
9210
BHCKC243
Edit Test
Alg Edit Test
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckc243 eq null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
If previous year June HC-12 is less than $5 billion, then HI-Mem12c and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170should be null.
q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckb983 eq null
For June, September, and December, the current period should be
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
greater than or equal to the previous period (minus $2k) for HI(bhck4644-q1 ge bhck4644-q2 - 2)
B(I)7A.
If HC-F2 is greater than $500k, then HI-Mem13 should equal "0"
if bhck2148 gt 500 then bhcka530 eq 0 and bhcka530 ne null
(no) and HI-Mem13 should not equal null.
HI-Mem13 should not be null and should not be negative.
bhcka530 ne null and bhcka530 ge 0
For June, September, and December, the current period should be
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
greater than or equal to the previous period (minus $2k) for HI(bhck4628-q1 ge bhck4628-q2 - 2)
B(I)7B.
HI-Mem15 should be less than or equal to the sum of HC-24 and
bhckc409 le (bhck3230 + bhck3240)
HC-25.
For June, September, and December, the current period should be
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
greater than or equal to the previous period (minus $2k) for HI(bhckf187-q1 ge bhckf187-q2 - 2)
B(I)8aB.
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
If previous year June HC-12 is less than $5 billion, then HI-Mem15 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170should be null.
q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckc409 eq null
For December, if previous year June HC-12 is less than $5 billion,
if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and (bhckf231 +
and the sum of HC-CM6b and HC-CM6c is greater than zero, then
bhckf232 gt 0) then bhckf228 ne null
HI-Mem16 should not be null.
if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
then HI-Mem16 should not be negative.
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000) then bhckf228 ge 0 or bhckf228 eq null
For December, if previous year June HC-12 is less than $5 billion, if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhckf228 ge
then HI-Mem16 should not be negative.
0 or bhckf228 eq null
if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
then HI‐Mem17 should not be negative.
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000) then bhckj321 ge 0 or bhckj321 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
For June and December, if previous year June HC-12 is less than $5
and bhck2170-q7 lt 5000000) then bhckj321 ge 0 or bhckj321
billion, then HI‐Mem17 should not be negative.
eq null
HI-A1 should not be null.
bhck3217 ne null
For June, September, and December, the current period should be
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
greater than or equal to the previous period (minus $2k) for HI(bhckc880-q1 ge bhckc880-q2 - 2)
B(I)8bA.
HI-A2 should not be null.
bhckb507 ne null
For June, September, and December, the current period should be
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
greater than or equal to the previous period (minus $2k) for HI(bhckf188-q1 ge bhckf188-q2 - 2)
B(I)8bB.
HI-A3 should not be null.
bhckb508 ne null
HI-A4 should not be null.
bhct4340 ne null
If previous year June HC-12 is less than $5 billion, then HIMem12b2 should be null.
FR Y-9C: EDIT-12 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0039
HIBHCK5409
B(I)Mem1A
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HI-A
HI-A
Quality
Quality
HI-A5a
HI-A5b
BHCK3577
BHCK3578
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0040
HIB(I)Mem1B
BHCK5410
FRY9C
20150331
99991231
No Change
HI-A
Quality
HI-A5b
BHCK3578
FRY9C
20150331
99991231
No Change
HI-B
Intraseries 0042
HIB(I)Mem2B
BHCK4662
FRY9C
20150331
99991231
No Change
HI-A
Quality
HI-A6a
BHCK3579
FRY9C
20160930
99991231
No Change
HI
Intraseries 5148
HI-1f
BHCK4020
FRY9C
20150331
99991231
No Change
HI-A
Quality
5475
HI-A6b
BHCK3580
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HI-A
HI-A
Quality
Quality
9210
9220
HI-A6b
HI-A7
BHCK3580
BHCK4782
FRY9C
20160930
99991231
No Change
HI
Intraseries 5152
HI-2a1c
BHCK6761
FRY9C
20150331
99991231
No Change
HI-A
Quality
HI-A8
BHCK4783
FRY9C
20160930
99991231
No Change
HI
Intraseries 5153
HI-2a2
BHCK4172
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HI-A
HI-A
HI-A
Quality
Quality
Quality
HI-A9
HI-A10
HI-A11
BHCK4356
BHCK4598
BHCK4460
FRY9C
20160930
99991231
No Change
HI
Intraseries 5154
HI-2b
BHCK4180
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HI-A
HI-A
HI-A
Quality
Quality
Quality
HI-A12
HI-A13
HI-A14
BHCKB511
BHCK4591
BHCK3581
FRY9C
20160930
99991231
No Change
HI
Intraseries 5159
HI-5b
BHCK4483
FRY9C
20160930
99991231
No Change
HI
Intraseries 5250
HI-Mem5
BHCK4150
September 2021
Edit
Number
9210
5465
9210
9210
9220
9230
9240
9240
9250
9250
9250
TargetItem
MDRM
Number
Edit Test
For June, September and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)Mem1A.
HI-A5a should not be null.
Sum of HI-A5a and HI-A5b should be less than or equal to HC-23.
For June, September and December, the current period
should be greater than or equal to the previous period
(minus $2k) for HI-B(I)Mem1B.
HI-A5b should not be null.
For June, September and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)Mem2B.
HI-A6a should not be null.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June,
September, and December, if HI-A9 (current) is equal to HI-A9
(previous), then the current period should be greater than or
equal to the previous period (minus $2k) for HI-1f.
Sum of HI-A6a and HI-A6b should be less than or equal to the sum
of HC-24 and HC-25.
HI-A6b should not be null.
HI-A7 should not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June,
September, and December, if HI-A9 (current) is equal to HI-A9
(previous), then the current period should be greater than or
equal to the previous period (minus $2k) for HI-2a1c.
HI-A8 should not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June,
September, and December, if HI-A9 (current) is equal to HI-A9
(previous), then the current period should be greater than or
equal to the previous period (minus $2k) for HI-2a2.
HI-A9 should not be null.
HI-A10 should not be null and should not be negative.
HI-A11 should not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June,
September, and December, if HI-A9 (current) is equal to HI-A9
(previous), then the current period should be greater than or
equal to the previous period (minus $2k) for HI-2b.
HI-A12 should not be null.
HI-A13 should not be null.
HI-A14 should not be null.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June,
September, and December, if HI-A9 (current) is equal to HI-A9
(previous), then the current period should be greater than or
equal to the previous period (minus $2k) for HI-5b.
For June, September, and December, if HI-Mem5 (current) is
greater than zero, and HI-7a (previous) is greater than zero, then
HI-7a (current - previous) divided by HI-Mem5 (current) should be
in the range of $4 - $50 thousand.
Alg Edit Test
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhck5409-q1 ge bhck5409-q2 - 2)
bhck3577 ne null
(bhck3577 + bhck3578) le bhck3283
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhck5410-q1 ge bhck5410-q2 - 2)
bhck3578 ne null
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
(bhck4662-q1 ge bhck4662-q2 - 2)
bhck3579 ne null
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1
eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4356-q1 eq
bhck4356-q2)) then (bhck4020-q1 ge bhck4020-q2 - 2)
(bhck3579 + bhck3580) le (bhck3230 + bhck3240)
bhck3580 ne null
bhck4782 ne null and bhck4782 ge 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1
eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4356-q1 eq
bhck4356-q2)) then (bhck6761-q1 ge bhck6761-q2 - 2)
bhck4783 ne null and bhck4783 ge 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1
eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4356-q1 eq
bhck4356-q2)) then (bhck4172-q1 ge bhck4172-q2 - 2)
bhck4356 ne null
bhck4598 ne null and bhck4598 ge 0
bhck4460 ne null and bhck4460 ge 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1
eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4356-q1 eq
bhck4356-q2)) then (bhck4180-q1 ge bhck4180-q2 - 2)
bhckb511 ne null
bhck4591 ne null
bhck3581 ne null
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1
eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4356-q1 eq
bhck4356-q2)) then (bhck4483-q1 ge bhck4483-q2 - 2)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4150-q1 gt 0 and bhck4135-q2 gt 0) then ((bhck4135-q1 bhck4135-q2) / bhck4150-q1) ge 4 and ((bhck4135-q1 bhck4135-q2) / bhck4150-q1) le 50
FR Y-9C: EDIT-13 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20170331
99991231
No Change
HI
Intraseries 5150
HI-2a1a
BHCKHK03
FRY9C
20170331
99991231
No Change
HI
Intraseries 5151
HI-2a1b
BHCKHK04
FRY9C
FRY9C
20190331
20191231
99991231
99991231
No Change
No Change
HI-B
HI
Intraseries 5550
Intraseries 1163
HI-B(II)1
HI-Mem7p
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June,
September, and December, if HI-A9 (current) is equal to HI-A9
(previous), then the current period should be greater than or
equal to the previous period (minus $2k) for HI-2a1a.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June,
September, and December, if HI-A9 (current) is equal to HI-A9
(previous), then the current period should be greater than or
equal to the previous period (minus $2k) for HI-2a1b.
BHCKB522
If HI-B(II)7A (previous December) is greater than zero, then HIB(II)1A (current) should equal HI-B(II)7A (previous December).
BHCK8567
For December, if previous year June HC-12 is less than $5 billion,
and the sum of HI-Mem7a through HI-Mem7p (previous) is
greater than zero, then the sum of HI-Mem7a through HI-Mem7p
(current) should be greater than zero.
If previous year June HC-12 is greater than or equal to $5 billion
and HC-5 (for any quarter of the preceding calendar year) is
greater than or equal to $10 million, and HI-5c(current) is not
equal to zero, then the sum of HI-Mem9a through HI-Mem9e
should not equal zero.
FRY9C
20191231
99991231
No Change
HI
Intraseries 5371
HI-Mem9e
BHCKF186
FRY9C
20191231
99991231
No Change
HI
Intraseries 5395
HIMem12b2
BHCKC243
FRY9C
20191231
99991231
No Change
HI-B
Intraseries 0023
HI-B(I)4aA
BHCK4645
FRY9C
20191231
99991231
No Change
HI-B
Intraseries 0024
HI-B(I)4aB
BHCK4617
September 2021
Edit Test
For June, September, and December, if previous year June HC-12
is greater than or equal to $5 billion, the sum of HI-Mem12b1 and
HI-Mem12b2 (current) should be greater than or equal to the sum
of HI-Mem12b1 and HI-Mem12b2 (previous).
If previous year June HC-12 is greater than or equal to $5 billion,
for June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)4aA.
If previous year June HC-12 is greater than or equal to $5 billion,
for June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)4aB.
Alg Edit Test
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1
eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4356-q1 eq
bhck4356-q2)) then (bhckhk03-q1 ge bhckhk03-q2 - 2)
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1
eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4356-q1 eq
bhck4356-q2)) then (bhckhk04-q1 ge bhckhk04-q2 - 2)
if (mm-q1 eq 03 and bhct3123-q2 gt 0) then (bhckb522-q1 eq
bhct3123-q2) or if (mm-q1 eq 06 and bhct3123-q3 gt 0) then
(bhckb522-q1 eq bhct3123-q3) or if (mm-q1 eq 09 and
bhct3123-q4 gt 0) then (bhckb522-q1 eq bhct3123-q4) or if
(mm-q1 eq 12 and bhct3123-q5 gt 0) then (bhckb522-q1 eq
bhct3123-q5)
if (mm-q1 eq 12 and bhck2170-q7 ge 5000000) and (bhckc017q2 + bhck0497-q2 + bhck4136-q2 + bhckc018-q2 + bhck8403-q2
+ bhck4141-q2 + bhck4146-q2 + bhckf556-q2 + bhckf557-q2 +
bhckf558-q2 + bhckf559-q2 + bhcky923 -q2 + bhcky924-q2 +
bhck8565-q2 + bhck8566-q2 + bhck8567-q2 ) gt 0 then
((bhckc017-q1 + bhck0497-q1 + bhck4136-q1 + bhckc018-q1 +
bhck8403-q1 + bhck4141-q1 + bhck4146-q1 + bhckf556-q1 +
bhckf557-q1 + bhckf558-q1 + bhckf559-q1 + bhcky923-q1 +
bhcky924-q1+ bhck8565-q1 + bhck8566-q1 + bhck8567-q1) gt
0)
if (((mm-q1 eq 03 and bhck2170-q4 ge 5000000) and (bhck3545q2 ge 10000 or bhck3545-q3 ge 10000 or bhck3545-q4 ge
10000 or bhck3545-q5 ge 10000)) or ((mm-q1 eq 06 and
bhck2170-q5 ge 5000000) and (bhck3545-q3 ge 10000 or
bhck3545-q4 ge 10000 or bhck3545-q5 ge 10000 or bhck3545q6 ge 10000)) or ((mm-q1 eq 09 and bhck2170-q6 ge 5000000)
and (bhck3545-q4 ge 10000 or bhck3545-q5 ge 10000 or
bhck3545-q6 ge 10000 or bhck3545-q7 ge 10000)) or ((mm-q1
eq 12 and bhck2170-q7 ge 5000000) and (bhck3545-q5 ge
10000 or bhck3545-q6 ge 10000 or bhck3545-q7 ge 10000 or
bhck3545-q8 ge 10000))) and (bhcka220-q1 ne 0) then
(bhck8757-q1 + bhck8758-q1 + bhck8759-q1 + bhck8760-q1 +
bhckf186-q1) ne 0
if (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000) then (bhckc242-q1 + bhckc243-q1)
ge (bhckc242-q2 + bhckc243-q2)
if (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000) then (bhck4645-q1 ge bhck4645-q2 2)
if (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000) then (bhck4617-q1 ge bhck4617-q2 2)
FR Y-9C: EDIT-14 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20191231
99991231
No Change
HI-B
Intraseries 0031
HI-B(I)6A
BHCK4643
FRY9C
20191231
99991231
No Change
HI-B
Intraseries 0032
HI-B(I)6B
BHCK4627
FRY9C
20191231
99991231
No Change
HI-B
Intraseries 0035
HI-B(I)8aA
BHCKF185
FRY9C
20191231
99991231
No Change
HI-B
Intraseries 0041
HIBHCK4652
B(I)Mem2A
FRY9C
20191231
99991231
No Change
HI-B
Intraseries 0043
HI-B(I)Mem3 BHCKC388
FRY9C
20200331
99991231
No Change
HI-B
Intraseries 0025
HI-B(I)4bA
BHCK4646
FRY9C
20200630
99991231
No Change
HI
Intraseries 5147
HI-1e
BHCK4069
FRY9C
20200630
99991231
No Change
HI
Intraseries 5155
HI-2c
BHCK4185
FRY9C
20200630
99991231
No Change
HI
Intraseries 5156
HI-2d
BHCK4397
FRY9C
20191231
99991231
No Change
HI-B
Quality
HI-B(I)4aA
BHCK4645
1192
FRY9C
20200630
99991231
No Change
HI
Intraseries 5160
HI-5d1
BHCKC886
FRY9C
20200630
99991231
No Change
HI
Intraseries 5164
HI-5d5
BHCKC387
September 2021
Edit Test
Alg Edit Test
If previous year June HC-12 is greater than or equal to $5 billion,
for June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)6A.
If previous year June HC-12 is greater than or equal to $5 billion,
for June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)6B.
If previous year June HC-12 is greater than or equal to $5 billion,
for June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)8aA.
If previous year June HC-12 is greater than or equal to $5 billion,
for June, September and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)Mem2A.
If previous year June HC-12 is greater than or equal to $5 billion,
for June, September and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)Mem3.
If previous year June HC-12 is greater than or equal to $5 billion,
for June, September, and December, the current period should be
greater than or equal to the previous period (minus $2k) for HIB(I)4bA.
For June, September, and December, if previous year June HC-12
is greater than or equal to $5 billion and if HI-A9 (current) is equal
to HI-A9 (previous), then the current period should be greater
than or equal to the previous period (minus $2k) for HI-1e.
For June, September, and December, if previous year June HC-12
is greater than or equal to $5 billion and if HI-A9 (current) is equal
to HI-A9 (previous), then the current period should be greater
than or equal to the previous period (minus $2k) for HI-2c.
For June, September, and December, if previous year June HC-12
is greater than or equal to $5 billion and HI-A9 (current) is equal to
HI-A9 (previous), then the current period should be greater than
or equal to the previous period (minus $2k) for HI-2d.
if (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000) then (bhck4643-q1 ge bhck4643-q2 2)
if (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000) then (bhck4627-q1 ge bhck4627-q2 2)
if (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000) then (bhckf185-q1 ge bhckf185-q2 2)
if (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000) then (bhck4652-q1 ge bhck4652-q2 2)
if (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000) then (bhckc388-q1 ge bhckc388-q2 2)
if (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000) then (bhck4646-q1 ge bhck4646-q2 2)
if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000)) and (bhck4356-q1 eq bhck4356-q2)
then (bhck4069-q1 ge bhck4069-q2 - 2)
if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000)) and (bhck4356-q1 eq bhck4356-q2)
then (bhck4185-q1 ge bhck4185-q2 - 2)
if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000)) and (bhck4356-q1 eq bhck4356-q2)
then (bhck4397-q1 ge bhck4397-q2 - 2)
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhck4645 eq null and bhck4617 eq null and bhck4646 eq
null and bhck4618 eq null
If previous year June HC-12 is less than $5 billion, HI-B(I)4aA, HIB(I)4aB, HI-B(I)4bA and HI-B(I)4bB should be NULL.
For June, September, and December, if previous year June HC-12
is greater than or equal to $5 billion, then if HI-A9 (current) is
equal to HI-A9 (previous), then the current period should be
greater than or equal to the previous period (minus $2k) for HI5d1.
For June, September, and December, If previous year June HC-12
is greater than or equal to $5 billion and if HI-A9 (current) is equal
to HI-A9 (previous), then the current period should be greater
than or equal to the previous period (minus $2k) for HI-5d5.
if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000)) and (bhck4356-q1 eq bhck4356-q2)
then (bhckc886-q1 ge bhckc886-q2 - 2)
if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000)) and (bhck4356-q1 eq bhck4356-q2)
then (bhckc387-q1 ge bhckc387-q2 - 2)
FR Y-9C: EDIT-15 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
Edit Test
FRY9C
20200630
99991231
No Change
HI
Intraseries 5297
HI-Mem7p
BHCK8567
For June, September, and December, if previous year June HC-12
is greater than or equal to $5 billion, and the sum of HI-Mem7a
through HI-Mem7p (previous) is greater than zero, then the sum
of HI-Mem7a through HI-Mem7p (current) should be greater than
zero.
FRY9C
20200630
99991231
No Change
HI
Intraseries 5372
HI-Mem9a
BHCK8757
For June, September, and December, if previous year June HC-12
is greater than or equal to $5 billion, and HI-Mem9a (previous) is
not equal to zero, then HI-Mem9a (current) should not equal zero.
FRY9C
20200630
99991231
No Change
HI
Intraseries 1175
HI-Mem9a
BHCK8757
For June, September, and December, if previous year June HC-12
is less than $5 billion, and HI-Mem9a (previous) is null, then HIMem9a (current) should equal null.
FRY9C
20200630
99991231
No Change
HI
Intraseries 5373
HI-Mem9b
BHCK8758
For June, September, and December, if previous year June HC-12
is greater than or equal to $5 billion, and HI-Mem9b (previous) is
not equal to zero, then HI-Mem9b (current) should not equal zero.
FRY9C
20200630
99991231
No Change
HI
Intraseries 1176
HI-Mem9b
BHCK8758
For June, September, and December, if previous year June HC-12
is less than $5 billion, and HI-Mem9b (previous) is null, then HIMem9b (current) should equal null.
FRY9C
20200630
99991231
No Change
HI
Intraseries 5375
HI-Mem9c
BHCK8759
For June, September, and December, if previous year June HC-12
is greater than or equal to $5 billion, and HI-Mem9c (previous) is
not equal to zero, then HI-Mem9c (current) should not equal zero.
FRY9C
20191231
99991231
No Change
HI-B
Quality
HI-B(I)6A
BHCK4643
If previous year June HC-12 is less than $5 billion, HI-B(I)6A and HIB(I)6B should be null.
FRY9C
20200630
99991231
No Change
HI
Intraseries 1177
HI-Mem9c
BHCK8759
For June, September, and December, if previous year June HC-12
is less than $5 billion, and HI-Mem9c (previous) is null, then HIMem9c (current) should equal null.
FRY9C
20200630
99991231
No Change
HI
Intraseries 5378
HI-Mem9d
BHCK8760
For June, September, and December, if previous year June HC-12
is greater than or equal to $5 billion, and HI-Mem9d (previous) is
not equal to zero, then HI-Mem9d (current) should not equal zero.
FRY9C
20200630
99991231
No Change
HI
Intraseries 5379
HI-Mem9e
BHCKF186
For June, September, and December, if previous year June HC-12
is greater than or equal to $5 billion, and HI-Mem9e (previous) is
not equal to zero, then HI-Mem9e (current) should not equal zero.
FRY9C
20200630
99991231
No Change
HI
Intraseries 1179
HI-Mem9e
BHCKF186
For June, September, and December, if previous year June HC-12
is less than $5 billion, and HI-Mem9e (previous) is null, then HIMem9e (current) should be null.
September 2021
1194
Alg Edit Test
if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000) and (mm-q1 eq 06 or mm-q1 eq 09
or mm-q1 eq 12)) and ((bhckc017-q2 + bhck0497-q2 +
bhck4136-q2 + bhckc018-q2 + bhck8403-q2 + bhck4141-q2 +
bhck4146-q2 + bhckf556-q2 + bhckf557-q2 + bhckf558-q2 +
bhckf559-q2 + bhcky923 -q2 + bhcky924-q2 + bhck8565-q2 +
bhck8566-q2 + bhck8567-q2 ) gt 0) then ((bhckc017-q1 +
bhck0497-q1 + bhck4136-q1 + bhckc018-q1 + bhck8403-q1 +
bhck4141-q1 + bhck4146-q1 + bhckf556-q1 + bhckf557-q1 +
bhckf558-q1 + bhckf559-q1 + bhcky923-q1 + bhcky924-q1+
bhck8565-q1 + bhck8566-q1 + bhck8567-q1) gt 0)
if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000)) and (bhck8757-q2 ne 0) then
(bhck8757-q1 ne 0)
if ((mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) or (mm-q1 eq 12 and bhck2170q7 lt 5000000)) and (bhck8757-q2 eq null) then (bhck8757-q1
eq null)
if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000)) and (bhck8758-q2 ne 0) then
(bhck8758-q1 ne 0)
if ((mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) or (mm-q1 eq 12 and bhck2170q7 lt 5000000)) and (bhck8758-q2 eq null) then (bhck8758-q1
eq null)
if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000)) and (bhck8759-q2 ne 0) then
(bhck8759-q1 ne 0)
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhck4643 eq null and bhck4627 eq null
if ((mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) or (mm-q1 eq 12 and bhck2170q7 lt 5000000)) and (bhck8759-q2 eq null) then (bhck8759-q1
eq null)
if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000)) and (bhck8760-q2 ne 0) then
(bhck8760-q1 ne 0)
if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000)) and (bhckf186-q2 ne 0) then
(bhckf186-q1 ne 0)
if ((mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) or (mm-q1 eq 12 and bhck2170q7 lt 5000000)) and (bhckf186-q2 eq null) then (bhckf186-q1 eq
null)
FR Y-9C: EDIT-16 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
Edit Test
If previous year June HC-12 is less than $5 billion, then HI-B(I)8aA
through HI-B(I)8bB should be null.
FRY9C
20191231
99991231
No Change
HI-B
Quality
1195
HI-B(I)8aA
BHCKF185
FRY9C
20200630
99991231
No Change
HI
Intraseries 8141
HI-Mem9f
BHCKK090
FRY9C
20200630
99991231
No Change
HI
Intraseries 0425
HI-Mem9g
BHCKK094
FRY9C
20200630
99991231
No Change
HI
Intraseries 1180
HI-Mem9g
BHCKK094
FRY9C
20200630
99991231
No Change
HI
Intraseries 5381
HI-Mem11
BHCKA251
FRY9C
20200630
99991231
No Change
HI
Intraseries 1181
HI-Mem11
BHCKA251
For June, September, and December, if previous year June HC-12
is less than $5 billion, and HI-Mem11 (previous) is null, then HIMem11 (current) should equal null.
FRY9C
20200630
99991231
No Change
HI-B
Intraseries 5560
HIB(II)Mem1
BHCKC435
If previous year June HC-12 is greater than or equal to $5 billion,
and HI-B(II)Mem1 (previous) is greater than zero, then HIB(II)Mem1 (current) should be greater than zero.
FRY9C
20200331
99991231
No Change
HI-B
Quality
HIBHCK4652
B(I)Mem2A
If previous year June HC-12 is less than $5 billion, then HIB(I)Mem2A and HI-B(I)Mem2B should be null.
FRY9C
20201231
99991231
No Change
HI
Intraseries 1178
HI-Mem9d
BHCK8760
For June, September, and December, if previous year June HC-12
is less than $5 billion, and HI-Mem9d (previous) is null, then HIMem9d (current) should be null.
FRY9C
20201231
99991231
No Change
HI
Intraseries 8142
HI-Mem9f
BHCKK090
For June, September, and December, if previous year June HC-12
is less than $5 billion, or current year HC-12 is less than $100
billion, or HI-Mem9f (previous) is null, then HI-Mem9f (current)
should equal null.
FRY9C
20191231
99991231
No Change
HI-B
Quality
HI-B(I)Mem3 BHCKC388
If previous year June HC-12 is less than $5 billion, then HIB(I)Mem3 should be null.
FRY9C
20201231
99991231
No Change
HI
Intraseries 1185
HIMem12b2
BHCKC243
If previous year June HC-12 is less than $5 billion, then the sum of
HI-Mem12b1 and HI-Mem12b2 (current) should be null and the
sum of HI-Mem12b1 and HI-Mem12b2 (previous) should be null.
FRY9C
20190331
99991231
No Change
HI-B
Quality
HI-B(II)6
BHCKC233
HI-B(II)6A should not be null.
September 2021
1197
1198
9290
For June, September, and December, if previous year June HC-12
is greater than or equal to $5 billion, and current year HC-12 is
greater than or equal to $100 billion, and HI-Mem9f (previous) is
not equal to zero, then HI-Mem9f (current) should not equal zero.
For June, September, and December, if previous year June HC-12
is greater than or equal to $5 billion, and current year HC-12 is
greater than or equal to $100 billion, and HI-Mem9g (previous) is
not equal to zero, then HI-Mem9g (current) should not equal zero.
For June, September, and December, if previous year June HC-12
is less than $5 billion, and current year HC-12 is less than $100
billion, and HI-Mem9g (previous) is null, then HI-Mem9g (current)
should equal null.
For June, September, and December, if previous year June HC-12
is greater than or equal to $5 billion, and HI-Mem11 (previous) is
greater than zero, then HI-Mem11 (current) should be greater
than zero.
Alg Edit Test
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckf185 eq null and bhckf187 eq null and bhckc880 eq
null and bhckf188 eq null
if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000)) and (bhck2170-q1 ge 100000000)
and (bhckk090-q2 ne 0) then (bhckk090-q1 ne 0)
if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000)) and (bhck2170-q1 ge 100000000)
and (bhckk094-q2 ne 0) then (bhckk094-q1 ne 0)
if ((mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) or (mm-q1 eq 12 and bhck2170q7 lt 5000000)) and (bhck2170-q1 lt 100000000) and (bhckk094q2 eq null) then (bhckk094-q1 eq null)
if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000)) and (bhcka251-q2 gt 0) then
(bhcka251-q1 gt 0)
if ((mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) or (mm-q1 eq 12 and bhck2170q7 lt 5000000)) and (bhcka251-q2 eq null) then (bhcka251-q1
eq null)
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and bhckc435-q2 gt 0 then bhckc435-q1 gt 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhck4652 eq null and bhck4662 eq null
if ((mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) or (mm-q1 eq 12 and bhck2170q7 lt 5000000)) and (bhck8760-q2 eq null) then (bhck8760-q1
eq null)
if ((mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) or (mm-q1 eq 12 and bhck2170q7 lt 5000000)) or (bhck2170-q1 lt 100000000) or (bhckk090-q2
eq null) then (bhckk090-q1 eq null)
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckc388 eq null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then (bhckc242-q1 + bhckc243-q1) eq null and (bhckc242-q2 +
bhckc243-q2) eq null
bhckc233 ne null
FR Y-9C: EDIT-17 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
Edit Test
FRY9C
20201231
99991231
No Change
HI
Intraseries 5421
HI-Mem15
BHCKC409
If previous year June HC-12 is greater than or equal to $5 billion
and HI-Mem15 (previous) is greater than zero, then HI-Mem15
(current) should be greater than zero.
FRY9C
20191231
99991231
No Change
HI-B
Quality
1199
HIB(II)Mem1
BHCKC435
If previous year June HC-12 is less than $5 billion, then HIB(II)Mem1 through HI-B(II)Mem4 should be null.
FRY9C
20190331
99991231
No Change
HI-B
Quality
5565
HIB(II)Mem3
BHCKC390
FRY9C
20180630
99991231
No Change
HI-B
Quality
5569
HIB(II)Mem3
BHCKC390
FRY9C
20190331
99991231
No Change
HI-B
Quality
5570
HIB(II)Mem4
BHCKC781
FRY9C
20190331
99991231
No Change
HI-B
Quality
5571
HIB(II)Mem4
BHCKC781
FRY9C
20190331
99991231
No Change
HI-C
Quality
7650
HI-C(I)1aA
BHCKM708
FRY9C
FRY9C
20190331
20190331
99991231
99991231
No Change
No Change
HI-C
HI-C
Quality
Quality
9325
9325
HI-C(I)1aA
HI-C(I)1aB
BHCKM708
BHCKM709
FRY9C
20190331
99991231
No Change
HI-C
Quality
7660
HI-C(I)1aC
BHCKM710
FRY9C
20190331
99991231
No Change
HI-C
Quality
9325
HI-C(I)1aC
BHCKM710
FRY9C
20190331
99991231
No Change
HI-C
Quality
7665
HI-C(I)1aD
BHCKM711
FRY9C
FRY9C
FRY9C
FRY9C
20190331
20190331
20190331
20190331
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
HI-C
HI-C
HI-C
HI-C
Quality
Quality
Quality
Quality
9325
7670
9325
9325
HI-C(I)1aD
HI-C(I)1aE
HI-C(I)1aE
HI-C(I)1aF
BHCKM711
BHCKM712
BHCKM712
BHCKM713
FRY9C
20190630
99991231
No Change
HI-C
Quality
7675
HI-C(I)1bA
BHCKM714
FRY9C
FRY9C
20190331
20190331
99991231
99991231
No Change
No Change
HI-C
HI-C
Quality
Quality
9325
9325
HI-C(I)1bA
HI-C(I)1bB
BHCKM714
BHCKM715
FRY9C
20190331
99991231
No Change
HI-C
Quality
7685
HI-C(I)1bC
BHCKM716
FRY9C
20190331
99991231
No Change
HI-C
Quality
9325
HI-C(I)1bC
BHCKM716
FRY9C
20190331
99991231
No Change
HI-C
Quality
7690
HI-C(I)1bD
BHCKM717
FRY9C
FRY9C
FRY9C
FRY9C
20190331
20190331
20190331
20190331
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
HI-C
HI-C
HI-C
HI-C
Quality
Quality
Quality
Quality
9325
7695
9325
9325
HI-C(I)1bD
HI-C(I)1bE
HI-C(I)1bE
HI-C(I)1bF
BHCKM717
BHCKM719
BHCKM719
BHCKM720
FRY9C
20190331
99991231
No Change
HI-C
Quality
7700
HI-C(I)1cA
BHCKM721
FRY9C
20190331
99991231
No Change
HI-C
Quality
9325
HI-C(I)1cA
BHCKM721
September 2021
Sum of HI-B(II)Mem1 and HI-B(II)Mem3 should be less than or
equal to HI-B(II)7A.
If the sum of HC-C6aA and HC-S1C is greater than $500 million or
[the sum of (HC-C6aA and HC-S1C) divided by the sum of (HCC12A and HC-S1C) is greater than 50% and the sum of (HC-C12A
and HC-S1C) divided by the sum of (HC-12 and HC-S1C) is greater
than 50%], then the sum of HI-B(I)Mem3, HI-B(II)Mem2 and HIB(II)Mem3 should be greater than zero.
For June and December reporting periods, if HI-B(II)Mem4 is not
equal to zero, then the sum of HC-CM5a and HC-CM5b should not
equal zero.
Alg Edit Test
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and bhckc409-q2 gt 0 then bhckc409-q1 gt 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckc435 eq null and bhckc389 eq null and bhckc781 eq
null
(bhckc435 + bhckc390) le bhct3123
if ((bhckb538 + bhckb707) gt 500000) or ((((bhckb538 +
bhckb707) / (bhck2122 + bhckb707)) * 100 gt 50) and
(((bhck2122 + bhckb707) / (bhck2170 + bhckb707)) * 100 gt
50)) then (bhckc388 + bhckc389 + bhckc390) gt 0
if (mm-q1 eq 06 or mm-q1 eq 12) and bhckc781 ne 0 then
(bhckc779 + bhckc780) ne 0
HI-B(II)Mem4 should be less than or equal to HI-B(II)7A.
bhckc781 le bhct3123
If HI-C(I)1aB and HI-C(I)1aA are not equal to null, then HI-C(I)1aB
should be less than or equal to HI-C(I)1aA.
HI-C(I)1aA should not be negative.
HI-C(I)1aB should not be negative.
HI-C(I)1aD should be less than or equal to 10 percent of HIC(I)1aC.
HI-C(I)1aC should not be negative.
If HI-C(I)1aC is greater than or equal to $5 million, then HI-C(I)1aD
should be greater than 0.
HI-C(I)1aD should not be negative.
HI-C(I)1aF should be less than or equal to 20 percent of HI-C(I)1aE.
HI-C(I)1aE should not be negative.
HI-C(I)1aF should not be negative.
If HI-C(I)1bB and HI-C(I)1bA are not equal to null, then HI-C(I)1bB
should be less than or equal to HI-C(I)1bA.
HI-C(I)1bA should not be negative.
HI-C(I)1bB should not be negative.
HI-C(I)1bD should be less than or equal to 10 percent of HIC(I)1bC.
HI-C(I)1bC should not be negative.
If HI-C(I)1bC is greater than or equal to $5 million, then HI-C(I)1bD
should be greater than 0.
HI-C(I)1bD should not be negative.
HI-C(I)1bF should be less than or equal to 20 percent of HI-C(I)1bE.
HI-C(I)1bE should not be negative.
HI-C(I)1bF should not be negative.
If HI-C(I)1cB and HI-C(I)1cA are not equal to null, then HI-C(I)1cB
should be less than or equal to HI-C(I)1cA.
HI-C(I)1cA should not be negative.
if bhckm709 ne null and bhckm708 ne null then bhckm709 le
bhckm708
bhckm708 ge 0 or bhckm708 eq null
bhckm709 ge 0 or bhckm709 eq null
bhckm711 le (.1 * bhckm710)
bhckm710 ge 0 or bhckm710 eq null
if bhckm710 ge 5000 then bhckm711 gt 0
bhckm711 ge 0 or bhckm711 eq null
bhckm713 le (.2 * bhckm712)
bhckm712 ge 0 or bhckm712 eq null
bhckm713 ge 0 or bhckm713 eq null
if bhckm715 ne null and bhckm714 ne null then bhckm715 le
bhckm714
bhckm714 ge 0 or bhckm714 eq null
bhckm715 ge 0 or bhckm715 eq null
bhckm717 le (.1 * bhckm716)
bhckm716 ge 0 or bhckm716 eq null
if bhckm716 ge 5000 then bhckm717 gt 0
bhckm717 ge 0 or bhckm717 eq null
bhckm720 le (.2 * bhckm719)
bhckm719 ge 0 or bhckm719 eq null
bhckm720 ge 0 or bhckm720 eq null
if bhckm722 ne null and bhckm721 ne null then bhckm722 le
bhckm721
bhckm721 ge 0 or bhckm721 eq null
FR Y-9C: EDIT-18 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
99991231
Edit Change Schedule Edit Type
FRY9C
Effective Start
Date
20190331
TargetItem
Quality
Edit
Number
9325
HI-C(I)1cB
MDRM
Number
BHCKM722
No Change
HI-C
FRY9C
20190331
99991231
No Change
HI-C
Quality
7705
HI-C(I)1cC
BHCKM723
FRY9C
20190331
99991231
No Change
FRY9C
20190331
99991231
No Change
HI-C
Quality
9325
HI-C(I)1cC
BHCKM723
HI-C
Quality
7710
HI-C(I)1cD
BHCKM724
FRY9C
20190331
99991231
No Change
HI-C
Quality
9325
HI-C(I)1cD
BHCKM724
FRY9C
20190331
99991231
No Change
HI-C
Quality
7715
HI-C(I)1cE
BHCKM725
FRY9C
FRY9C
FRY9C
20190331
20190331
20190331
99991231
99991231
99991231
No Change
No Change
No Change
HI-C
HI-C
HI-C
Quality
Quality
Quality
7720
9325
9325
HI-C(I)1cE
HI-C(I)1cE
HI-C(I)1cF
BHCKM725
BHCKM725
BHCKM726
FRY9C
20190331
99991231
No Change
HI-C
Quality
7725
HI-C(I)2A
BHCKM727
FRY9C
FRY9C
FRY9C
FRY9C
20190331
20190331
20190331
20190331
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
HI-C
HI-C
HI-C
HI-C
Quality
Quality
Quality
Quality
9325
9325
7730
9325
HI-C(I)2A
HI-C(I)2B
HI-C(I)2C
HI-C(I)2C
BHCKM727
BHCKM728
BHCKM729
BHCKM729
FRY9C
20190331
99991231
No Change
HI-C
Quality
7735
HI-C(I)2D
BHCKM730
FRY9C
FRY9C
FRY9C
FRY9C
20190331
20190331
20190331
20190331
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
HI-C
HI-C
HI-C
HI-C
Quality
Quality
Quality
Quality
9325
7745
9325
9325
HI-C(I)2D
HI-C(I)2E
HI-C(I)2E
HI-C(I)2F
BHCKM730
BHCKM731
BHCKM731
BHCKM732
FRY9C
20190331
99991231
No Change
HI-C
Quality
7750
HI-C(I)3A
BHCKM733
FRY9C
FRY9C
FRY9C
FRY9C
20190331
20190331
20190331
20190331
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
HI-C
HI-C
HI-C
HI-C
Quality
Quality
Quality
Quality
9325
9325
7755
9325
HI-C(I)3A
HI-C(I)3B
HI-C(I)3C
HI-C(I)3C
BHCKM733
BHCKM734
BHCKM735
BHCKM735
FRY9C
20190331
99991231
No Change
HI-C
Quality
7760
HI-C(I)3D
BHCKM736
FRY9C
20190331
99991231
No Change
HI-C
Quality
9325
HI-C(I)3D
BHCKM736
FRY9C
20190331
99991231
No Change
HI-C
Quality
7765
HI-C(I)3E
BHCKM737
FRY9C
FRY9C
20190331
20190331
99991231
99991231
No Change
No Change
HI-C
HI-C
Quality
Quality
9325
9325
HI-C(I)3E
HI-C(I)3F
BHCKM737
BHCKM738
FRY9C
20190331
99991231
No Change
HI-C
Quality
7775
HI-C(I)4A
BHCKM739
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20190331
20190331
20190331
20190331
20190331
20190331
20190331
20190331
20190331
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
HI-C
HI-C
HI-C
HI-C
HI-C
HI-C
HI-C
HI-C
HI-C
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
9325
9325
7780
9325
9325
7795
9325
9325
9325
HI-C(I)4A
HI-C(I)4B
HI-C(I)4C
HI-C(I)4C
HI-C(I)4D
HI-C(I)4E
HI-C(I)4E
HI-C(I)4F
HI-C(I)5D
BHCKM739
BHCKM740
BHCKM741
BHCKM741
BHCKM742
BHCKM743
BHCKM743
BHCKM744
BHCKM745
September 2021
Edit Test
Alg Edit Test
HI-C(I)1cB should not be negative.
bhckm722 ge 0 or bhckm722 eq null
HI-C(I)1cD should be less than or equal to 10 percent of HIbhckm724 le (.1 * bhckm723)
C(I)1cC.
HI-C(I)1cC should not be negative.
bhckm723 ge 0 or bhckm723 eq null
If HI-C(I)1cC is greater than or equal to $5 million, then HI-C(I)1cD
if bhckm723 ge 5000 then bhckm724 gt 0
should be greater than 0.
HI-C(I)1cD should not be negative.
bhckm724 ge 0 or bhckm724 eq null
HC-C1 should be greater than or equal to the sum of HI-C(I)1aA, HI- bhck1410 ge (bhckm708 + bhckm710 + bhckm712 + bhckm714
C(I)1aC, HI-C(I)1aE, HI-C(I)1bA, HI-C(I)1bC, HI-C(I)1bE, HI-C(I)1cA, + bhckm716 + bhckm719 + bhckm721 + bhckm723 +
HI-C(I)1cC, and HI-C(I)1cE .
bhckm725)
HI-C(I)1cF should be less than or equal to 20 percent of HI-C(I)1cE. bhckm726 le (.2 * bhckm725)
HI-C(I)1cE should not be negative.
bhckm725 ge 0 or bhckm725 eq null
HI-C(I)1cF should not be negative.
bhckm726 ge 0 or bhckm726 eq null
If HI-C(I)2B and HI-C(I)2A are not equal to null, then HI-C(I)2B
if bhckm728 ne null and bhckm727 ne null then bhckm728 le
should be less than or equal to HI-C(I)2A.
bhckm727
HI-C(I)2A should not be negative.
bhckm727 ge 0 or bhckm727 eq null
HI-C(I)2B should not be negative.
bhckm728 ge 0 or bhckm728 eq null
HI-C(I)2D should be less than or equal to 10 percent of HI-C(I)2C. bhckm730 le (.1 * bhckm729)
HI-C(I)2C should not be negative.
bhckm729 ge 0 or bhckm729 eq null
If HI-C(I)2C is greater than or equal to $5 million, then HI-C(I)2D
if bhckm729 ge 5000 then bhckm730 gt 0
should be greater than 0.
HI-C(I)2D should not be negative.
bhckm730 ge 0 or bhckm730 eq null
HI-C(I)2F should be less than or equal to 20 percent of HI-C(I)2E. bhckm732 le (.2 * bhckm731)
HI-C(I)2E should not be negative.
bhckm731 ge 0 or bhckm731 eq null
HI-C(I)2F should not be negative.
bhckm732 ge 0 or bhckm732 eq null
If HI-C(I)3B and HI-C(I)3A are not equal to null, then HI-C(I)3B
if bhckm734 ne null and bhckm733 ne null then bhckm734 le
should be less than or equal to HI-C(I)3A.
bhckm733
HI-C(I)3A should not be negative.
bhckm733 ge 0 or bhckm733 eq null
HI-C(I)3B should not be negative.
bhckm734 ge 0 or bhckm734 eq null
HI-C(I)3D should be less than or equal to 10 percent of HI-C(I)3C. bhckm736 le (.1 * bhckm735)
HI-C(I)3C should not be negative.
bhckm735 ge 0 or bhckm735 eq null
If HI-C(I)3C is greater than or equal to $5 million, then HI-C(I)3D
if bhckm735 ge 5000 then bhckm736 gt 0
should be greater than 0.
HI-C(I)3D should not be negative.
bhckm736 ge 0 or bhckm736 eq null
HC-C6aA should be greater than or equal to the sum of HI-C(I)3A,
bhckb538 ge (bhckm733 + bhckm735 + bhckm737)
HI-C(I)3C, and HI-C(I)3E.
HI-C(I)3E should not be negative.
bhckm737 ge 0 or bhckm737 eq null
HI-C(I)3F should not be negative.
bhckm738 ge 0 or bhckm738 eq null
If HI-C(I)4B and HI-C(I)4A are not equal to null, then HI-C(I)4B
if bhckm740 ne null and bhckm739 ne null then bhckm740 le
should be less than or equal to HI-C(I)4A.
bhckm739
HI-C(I)4A should not be negative.
bhckm739 ge 0 or bhckm739 eq null
HI-C(I)4B should not be negative.
bhckm740 ge 0 or bhckm740 eq null
HI-C(I)4D should be less than or equal to 10 percent of HI-C(I)4C. bhckm742 le (.1 * bhckm741)
HI-C(I)4C should not be negative.
bhckm741 ge 0 or bhckm741 eq null
HI-C(I)4D should not be negative.
bhckm742 ge 0 or bhckm742 eq null
HI-C(I)4F should be less than or equal to 20 percent of HI-C(I)4E. bhckm744 le (.2 * bhckm743)
HI-C(I)4E should not be negative.
bhckm743 ge 0 or bhckm743 eq null
HI-C(I)4F should not be negative.
bhckm744 ge 0 or bhckm744 eq null
HI-C(I)5D should not be negative.
bhckm745 ge 0 or bhckm745 eq null
FR Y-9C: EDIT-19 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
Edit Test
Alg Edit Test
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
If previous year June HC-12 is greater than $5 billion and HI-C(I) is bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
left blank, then HI-C(II)6A, 6B, and 11 should not be left blank.
ge 5000000)) and (bhckm746 + bhckm747 + bhckm748 +
bhckm749 + bhckm750 + bhckm751) eq null, then (bhckjj11 +
bhckjj19 + bhckjj25) ne null
Schedule HI-C Part (II), Total sum for Allowable Balance for Loans
and Leases held for Investment in column B, item 6B, must equal
if bhckjj19 ne null then bhckjj19 eq bhck3123
Loans and Lease Financing Receivables: LESS: Allowance for Loan
and Lease Losses, Schedule HC, item 4c.
NIS-P1 should not be negative.
bhbc4107 ge 0 or bhbc4107 eq null
NIS-P1a should not be negative.
bhbc4094 ge 0 or bhbc4094 eq null
Sum of NIS-P1a and NIS-P1b should be less than or equal to NIS(bhbc4094 + bhbc4218) le bhbc4107
P1.
NIS-P1b should not be negative.
bhbc4218 ge 0 or bhbc4218 eq null
NIS-P2 should not be negative.
bhbc4073 ge 0 or bhbc4073 eq null
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, NIS-P2a should For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhbc4421 le
be less than or equal to NIS-P2.
bhbc4073
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, NIS-P2a should For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhbc4421 ge
not be negative.
0 or bhbc4421 eq null
NIS-P1 minus NIS-P2 should equal NIS-P3.
(bhbc4107 - bhbc4073) eq bhbc4074
NIS-P5 should not be negative.
bhbc4079 ge 0 or bhbc4079 eq null
NIS-P5a should not be negative.
bhbc4070 ge 0 or bhbc4070 eq null
NIS-P5b should not be negative.
bhbca220 ge 0 or bhbca220 eq null
Sum of NIS-P5a through NIS-P5f should be less than or equal to
(bhbc4070 + bhbca220 + bhbcb490 + bhbcb491 + bhbcb493 +
NIS-P5.
bhbcb494) le bhbc4079
NIS-P7 should not be negative.
bhbc4093 ge 0 or bhbc4093 eq null
NIS-P7a should not be negative.
bhbc4135 ge 0 or bhbc4135 eq null
Sum of NIS-P7a and NIS-P7b should be less than or equal to NIS(bhbc4135 + bhbcc216) le bhbc4093
P7.
NIS-P8 minus the sum of NIS-P9 through NIS-P11 should equal NISbhbc4301 - (bhbc4302 + bhbc4484 + bhckft41) eq bhbc4340
P12.
NIS-P13 should not be negative.
bhbc4475 ge 0 or bhbc4475 eq null
FRY9C
20201231
99991231
No Change
HI-C(II)
Quality
7802
HI-C(II)6A
BHCKJJ11
FRY9C
20200630
99991231
No Change
HI-B
Quality
1200
HI-C(II)6B
BHCKJJ19
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
NIS-P
NIS-P
Quality
Quality
9330
9330
NIS-P1
NIS-P1a
BHBC4107
BHBC4094
FRY9C
20150331
99991231
No Change
NIS-P
Quality
5574
NIS-P1b
BHBC4218
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
NIS-P
NIS-P
Quality
Quality
9330
9330
NIS-P1b
NIS-P2
BHBC4218
BHBC4073
FRY9C
20160930
99991231
No Change
NIS-P
Quality
5579
NIS-P2a
BHBC4421
FRY9C
20160930
99991231
No Change
NIS-P
Quality
9330
NIS-P2a
BHBC4421
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
NIS-P
NIS-P
NIS-P
NIS-P
Quality
Quality
Quality
Quality
5584
9330
9330
9330
NIS-P3
NIS-P5
NIS-P5a
NIS-P5b
BHBC4074
BHBC4079
BHBC4070
BHBCA220
FRY9C
20150331
99991231
No Change
NIS-P
Quality
5589
NIS-P5f
BHBCB494
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
NIS-P
NIS-P
Quality
Quality
9330
9330
NIS-P7
NIS-P7a
BHBC4093
BHBC4135
FRY9C
20150331
99991231
No Change
NIS-P
Quality
5594
NIS-P7b
BHBCC216
FRY9C
20160930
99991231
No Change
NIS-P
Quality
5604
NIS-P12
BHCKFT41
FRY9C
20150331
99991231
No Change
Quality
9330
NIS-P13
BHBC4475
FRY9C
20150331
99991231
No Change
Quality
0398
IN1
BHCK5351
If financial data is not equal to null or zero, then text data should
not be null.
if bhck5351 ne null and bhck5351 ne 0 then text5351 ne null
FRY9C
20150331
99991231
No Change
Quality
0399
IN1TX
TEXT5351
If text data is not equal to null, then financial data should not
equal null or zero.
if text5351 ne null then bhck5351 ne null and bhck5351 ne 0
FRY9C
20150331
99991231
No Change
NIS-P
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Quality
5622
IN2
BHCK5352
If financial data is not equal to null or zero, then text data should
not be null.
if bhck5352 ne null and bhck5352 ne 0 then text5352 ne null
September 2021
FR Y-9C: EDIT-20 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
September 2021
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Edit
Number
TargetItem
MDRM
Number
Edit Test
Alg Edit Test
Quality
5623
IN2TX
TEXT5352
If text data is not equal to null, then financial data should not
equal null or zero.
if text5352 ne null then bhck5352 ne null and bhck5352 ne 0
Quality
5624
IN3
BHCK5353
If financial data is not equal to null or zero, then text data should
not be null.
if bhck5353 ne null and bhck5353 ne 0 then text5353 ne null
Quality
5625
IN3TX
TEXT5353
If text data is not equal to null, then financial data should not
equal null or zero.
if text5353 ne null then bhck5353 ne null and bhck5353 ne 0
Quality
5626
IN4
BHCK5354
If financial data is not equal to null or zero, then text data should
not be null.
if bhck5354 ne null and bhck5354 ne 0 then text5354 ne null
Quality
5627
IN4TX
TEXT5354
If text data is not equal to null, then financial data should not
equal null or zero.
if text5354 ne null then bhck5354 ne null and bhck5354 ne 0
Quality
5628
IN5
BHCK5355
If financial data is not equal to null or zero, then text data should
not be null.
if bhck5355 ne null and bhck5355 ne 0 then text5355 ne null
Quality
5629
IN5TX
TEXT5355
If text data is not equal to null, then financial data should not
equal null or zero.
if text5355 ne null then bhck5355 ne null and bhck5355 ne 0
Quality
5630
IN6
BHCKB042
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb042 ne null and bhckb042 ne 0 then textb042 ne null
Quality
5631
IN6TX
TEXTB042
If text data is not equal to null, then financial data should not
equal null or zero.
if textb042 ne null then bhckb042 ne null and bhckb042 ne 0
Quality
5632
IN7
BHCKB043
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb043 ne null and bhckb043 ne 0 then textb043 ne null
FR Y-9C: EDIT-21 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
September 2021
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Edit
Number
TargetItem
MDRM
Number
Edit Test
Alg Edit Test
Quality
5633
IN7TX
TEXTB043
If text data is not equal to null, then financial data should not
equal null or zero.
if textb043 ne null then bhckb043 ne null and bhckb043 ne 0
Quality
5634
IN8
BHCKB044
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb044 ne null and bhckb044 ne 0 then textb044 ne null
Quality
5635
IN8TX
TEXTB044
If text data is not equal to null, then financial data should not
equal null or zero.
if textb044 ne null then bhckb044 ne null and bhckb044 ne 0
Quality
5636
IN9
BHCKB045
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb045 ne null and bhckb045 ne 0 then textb045 ne null
Quality
5637
IN9TX
TEXTB045
If text data is not equal to null, then financial data should not
equal null or zero.
if textb045 ne null then bhckb045 ne null and bhckb045 ne 0
Quality
5638
IN10
BHCKB046
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb046 ne null and bhckb046 ne 0 then textb046 ne null
Quality
5639
IN10TX
TEXTB046
If text data is not equal to null, then financial data should not
equal null or zero.
if textb046 ne null then bhckb046 ne null and bhckb046 ne 0
Quality
5640
IN11
BHCKB047
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb047 ne null and bhckb047 ne 0 then textb047 ne null
Quality
5641
IN11TX
TEXTB047
If text data is not equal to null, then financial data should not
equal null or zero.
if textb047 ne null then bhckb047 ne null and bhckb047 ne 0
Quality
5642
IN12
BHCKB048
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb048 ne null and bhckb048 ne 0 then textb048 ne null
FR Y-9C: EDIT-22 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
September 2021
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Edit
Number
TargetItem
MDRM
Number
Edit Test
Alg Edit Test
Quality
5643
IN12TX
TEXTB048
If text data is not equal to null, then financial data should not
equal null or zero.
if textb048 ne null then bhckb048 ne null and bhckb048 ne 0
Quality
5644
IN13
BHCKB049
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb049 ne null and bhckb049 ne 0 then textb049 ne null
Quality
5645
IN13TX
TEXTB049
If text data is not equal to null, then financial data should not
equal null or zero.
if textb049 ne null then bhckb049 ne null and bhckb049 ne 0
Quality
5646
IN14
BHCKB050
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb050 ne null and bhckb050 ne 0 then textb050 ne null
Quality
5647
IN14TX
TEXTB050
If text data is not equal to null, then financial data should not
equal null or zero.
if textb050 ne null then bhckb050 ne null and bhckb050 ne 0
Quality
5648
IN15
BHCKB051
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb051 ne null and bhckb051 ne 0 then textb051 ne null
Quality
5649
IN15TX
TEXTB051
If text data is not equal to null, then financial data should not
equal null or zero.
if textb051 ne null then bhckb051 ne null and bhckb051 ne 0
Quality
5650
IN16
BHCKB052
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb052 ne null and bhckb052 ne 0 then textb052 ne null
Quality
5651
IN16TX
TEXTB052
If text data is not equal to null, then financial data should not
equal null or zero.
if textb052 ne null then bhckb052 ne null and bhckb052 ne 0
Quality
5652
IN17
BHCKB053
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb053 ne null and bhckb053 ne 0 then textb053 ne null
FR Y-9C: EDIT-23 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
Edit Test
Alg Edit Test
Quality
5653
IN17TX
TEXTB053
If text data is not equal to null, then financial data should not
equal null or zero.
if textb053 ne null then bhckb053 ne null and bhckb053 ne 0
Quality
5654
IN18
BHCKB054
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb054 ne null and bhckb054 ne 0 then textb054 ne null
Quality
5655
IN18TX
TEXTB054
If text data is not equal to null, then financial data should not
equal null or zero.
if textb054 ne null then bhckb054 ne null and bhckb054 ne 0
Quality
5656
IN19
BHCKB055
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb055 ne null and bhckb055 ne 0 then textb055 ne null
Quality
5657
IN19TX
TEXTB055
If text data is not equal to null, then financial data should not
equal null or zero.
if textb055 ne null then bhckb055 ne null and bhckb055 ne 0
Quality
5658
IN20
BHCKB056
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb056 ne null and bhckb056 ne 0 then textb056 ne null
Quality
5659
IN20TX
TEXTB056
If text data is not equal to null, then financial data should not
equal null or zero.
if textb056 ne null then bhckb056 ne null and bhckb056 ne 0
Quality
Quality
Quality
Quality
9340
9340
9340
9340
HC-1a
HC-1b1
HC-2a
HC-2b
BHCK0081
BHCK0395
BHCKJJ34
BHCK1773
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20190630
20150331
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
Notes to
the
Income
Statemen
t - Other
HC
HC
HC
HC
FRY9C
20160930
99991231
No Change
HC
Quality
9340
HC-3a
BHDMB987
FRY9C
20150331
99991231
No Change
HC
Quality
9340
HC-3b
BHCKB989
FRY9C
20150331
99991231
No Change
HC
Intraseries 5710
HC-4a
BHCK5369
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
HC
HC
HC
HC
Quality
Quality
Quality
Quality
9340
9340
9340
9340
HC-4a
HC-4b
HC-4c
HC-4d
BHCK5369
BHCKB528
BHCK3123
BHCKB529
FRY9C
20150331
99991231
No Change
HC
Quality
0426
HC-5
BHCK3545
September 2021
HC-1a should not be null and should not be negative.
HC-1b1 should not be null and should not be negative.
HC-2a should not be null and should not be negative.
HC-2b should not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs,HC-3a should
not be null and should not be negative.
HC-3b should not be null and should not be negative.
If HC-4a (previous) is greater than $5 million, then HC-4a(current)
should be greater than zero.
HC-4a should not be null and should not be negative.
HC-4b should not be null and should not be negative.
HC-4c should not be null and should not be negative.
HC-4d should not be null and should not be negative.
If the sum of HC-L14a1A through HC-L14a1D minus the sum of HCL14a2A through HC-L14a2D is greater than $1 million, then HC-5
should be greater than zero.
bhck0081 ne null and bhck0081 ge 0
bhck0395 ne null and bhck0395 ge 0
bhckJJ34 ne null and bhckJJ34 ge 0
bhck1773 ne null and bhck1773 ge 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs,bhdmb987
ne null and bhdmb987 ge 0
bhckb989 ne null and bhckb989 ge 0
if bhck5369-q2 gt 5000 then bhck5369-q1 gt 0
bhck5369 ne null and bhck5369 ge 0
bhckb528 ne null and bhckb528 ge 0
bhck3123 ne null and bhck3123 ge 0
bhckb529 ne null and bhckb529 ge 0
if ((bhck8733 + bhck8734 + bhck8735 + bhck8736) - (bhck8737
+ bhck8738 + bhck8739 + bhck8740)) gt 1000 then bhck3545 gt
0
FR Y-9C: EDIT-24 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
99991231
99991231
99991231
99991231
99991231
Edit Change Schedule Edit Type
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
Effective Start
Date
20150331
20150331
20150331
20150331
20150331
No Change
No Change
No Change
No Change
No Change
HC
HC
HC
HC
HC
Quality
Quality
Quality
Quality
Quality
FRY9C
20180630
99991231
No Change
HC
FRY9C
20180630
99991231
No Change
FRY9C
FRY9C
FRY9C
20180630
20150331
20150331
99991231
99991231
99991231
FRY9C
20150331
FRY9C
HC-5
HC-6
HC-6
HC-7
HC-8
MDRM
Number
BHCK3545
BHCK2145
BHCK2145
BHCK2150
BHCK2130
Intraseries 5727
HC-M12b
BHCK3163
HC
Intraseries 5728
HC-M12b
BHCK3163
No Change
No Change
No Change
HC
HC
HC
Quality
9360
Quality
9360
Intraseries 5745
HC-M12b
HC-11
HC-12
BHCK3163
BHCK2160
BHCK2170
99991231
No Change
HC-M
Quality
6560
HC-12
BHCK2170
20160930
99991231
No Change
HC
Quality
9360
HC-13a1
BHDM6631
FRY9C
20160930
99991231
No Change
HC
Quality
9360
HC-13a2
BHDM6636
FRY9C
20160930
99991231
No Change
HC
Quality
9370
HC-13b1
BHFN6631
FRY9C
20160930
99991231
No Change
HC
Quality
5750
HC-13b2
BHFN6636
FRY9C
20150331
99991231
No Change
HC
Quality
9370
HC-13b2
BHFN6636
FRY9C
20160930
99991231
No Change
HC
Quality
9380
HC-14a
BHDMB993
FRY9C
20150331
99991231
No Change
HC
Quality
9380
HC-14b
BHCKB995
FRY9C
20150331
99991231
No Change
HC
Quality
0427
HC-15
BHCK3548
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC
HC
Quality
Quality
9380
9380
HC-15
HC-16
BHCK3548
BHCK3190
FRY9C
20200630
99991231
No Change
HC
Intraseries 5775
HC-19a
BHCK4062
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
No Change
HC
HC
HC
HC
HC
Quality
Quality
Quality
Quality
Quality
HC-19a
HC-19b
HC-20
HC-21
HC-23
BHCK4062
BHCKC699
BHCK2750
BHCK2948
BHCK3283
FRY9C
20150331
99991231
No Change
HC
Intraseries 5783
HC-24
BHCK3230
FRY9C
20150331
99991231
No Change
HC
Quality
9380
HC-24
BHCK3230
FRY9C
20150331
99991231
No Change
HC
Quality
5784
HC-25
BHCK3240
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC
HC
Quality
Quality
9380
9390
HC-25
HC-26a
BHCK3240
BHCK3247
September 2021
Edit
Number
9340
5715
9340
9340
9350
9380
9380
9380
9380
9380
TargetItem
Edit Test
Alg Edit Test
HC-5 should not be null and should not be negative.
HC-6 should be greater than zero.
HC-6 should not be null and should not be negative.
HC-7 should not be null and should not be negative.
HC-8 should not be null.
For March, HI-7c1 should be less than or equal to HC-M12b
(previous). (+$10k)
For June, September, and December, HI-7c1 (current minus
previous) should be less than or equal to HC-M12b (previous).
(+$10k)
HC-M12b should not be null and should not be negative.
HC-11 should not be null and should not be negative.
HC-12 (current) should not equal HC-12 (previous).
if HC-12 is greater than or equal to $30 billion, then HC-M22
should not be null.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-13a1
should not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-13a2
should not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-13b1
should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, If HI-2a2 is
greater than $10k, then HC-13b2 should be greater than zero.
HC-13b2 should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-14a should
not be null and should not be negative.
HC-14b should not be null and should not be negative.
If the sum of HC-L14a2A through HC-L14a2D minus the sum of HCL14a1A through HC-L14a1D is greater than $1 million, then HC-15
should be greater than zero.
HC-15 should not be null and should not be negative.
HC-16 should not be null and should not be negative.
For June, September and December, if previous year June HC-12 is
greater than or equal to $5 billion and HI-2d (current minus
previous) is greater than $10k, then HC-19a (current) should be
greater than zero.
HC-19a should not be null and should not be negative.
HC-19b should not be null and should not be negative.
HC-20 should not be null and should not be negative.
HC-21 should not be null and should not be negative.
HC-23 should not be null and should not be negative.
If HC-24(previous) is greater than zero, then HC-24(current)
should be greater than zero.
HC-24 should not be null and should not be negative.
If HI-A11 is greater than zero, then the sum of HC-24 and HC-25
should be greater than zero.
HC-25 should not be null and should not be negative.
HC-26a should not be null.
bhck3545 ne null and bhck3545 ge 0
bhck2145 gt 0
bhck2145 ne null and bhck2145 ge 0
bhck2150 ne null and bhck2150 ge 0
bhck2130 ne null
if (mm-q1 eq 03) then (bhckc216-q1 le bhck3163-q2 + 10)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then
((bhckc216-q1 - bhckc216-q2) le bhck3163-q2 + 10)
bhck3163 ne null and bhck3163 ge 0
bhck2160 ne null and bhck2160 ge 0
bhck2170-q1 ne bhck2170-q2
if bhck2170 ge 30000000 then textc497 ne null
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhdm6631
ne null and bhdm6631 ge 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhdm6636
ne null and bhdm6636 ge 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhfn6631 ge
0 or bhfn6631 eq null
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if bhck4172
gt 10 then bhfn6636 gt 0
bhfn6636 ge 0 or bhfn6636 eq null
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhdmb993
ne null and bhdmb993 ge 0
bhckb995 ne null and bhckb995 ge 0
if ((bhck8737 + bhck8738 + bhck8739 + bhck8740) - (bhck8733
+ bhck8734 + bhck8735 + bhck8736)) gt 1000 then bhck3548 gt
0
bhck3548 ne null and bhck3548 ge 0
bhck3190 ne null and bhck3190 ge 0
if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000)) and (bhck4397-q1 - bhck4397-q2) gt
10 then bhck4062-q1 gt 0
bhck4062 ne null and bhck4062 ge 0
bhckc699 ne null and bhckc699 ge 0
bhck2750 ne null and bhck2750 ge 0
bhck2948 ne null and bhck2948 ge 0
bhck3283 ne null and bhck3283 ge 0
if bhck3230-q2 gt 0 then bhck3230-q1 gt 0
bhck3230 ne null and bhck3230 ge 0
if bhck4460 gt 0 then (bhck3230 + bhck3240) gt 0
bhck3240 ne null and bhck3240 ge 0
bhck3247 ne null
FR Y-9C: EDIT-25 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
FRY9C
20150331
99991231
No Change
HC
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
FRY9C
20160930
FRY9C
TargetItem
MDRM
Number
Intraseries 5786
HC-26b
BHCKB530
HC
Intraseries 5787
HC-26b
BHCKB530
No Change
HC
Quality
9390
HC-26b
BHCKB530
99991231
No Change
HC
Quality
5788
HC-26b
BHCKB530
20160930
99991231
No Change
HC
Quality
5789
HC-26b
BHCKB530
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC
HC
Quality
Quality
5792
9390
HC-26c
HC-27a
BHCKA130
BHCK3210
FRY9C
20150331
99991231
No Change
HC
Intraseries 5780
HC-27b
BHCK3000
FRY9C
20150331
99991231
No Change
HC
Quality
HC-27b
BHCK3000
FRY9C
20150331
99991231
No Change
HC
Intraseries 5798
HC-Mem1
BHCKC884
FRY9C
20150331
99991231
No Change
HC
Quality
5799
FRY9C
20150331
99991231
No Change
HC
Quality
5801
FRY9C
20150331
99991231
No Change
HC
Quality
5802
FRY9C
20150331
99991231
No Change
HC
Quality
5803
FRY9C
20150331
99991231
No Change
HC
Quality
5804
FRY9C
20150331
99991231
No Change
HC
Quality
5806
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
9400
9400
9400
9400
9400
9400
9400
9400
September 2021
Edit
Number
9380
HCMem2a(1)
HCMem2a(2)
HCMem2a(3)
HCMem2a(4)
HCMem2b(1)
HCMem2b(2)
HC-B1A
HC-B1B
HC-B1C
HC-B1D
HC-B3A
HC-B3B
HC-B3C
HC-B3D
TEXTC703
TEXTC708
TEXTC714
TEXTC715
TEXTC704
TEXTC705
BHCK0211
BHCK0213
BHCK1286
BHCK1287
BHCK8496
BHCK8497
BHCK8498
BHCK8499
Edit Test
Alg Edit Test
if (mm-q1 eq 03 and bhck4356 eq 0) then ((bhckb530-q1bhckb530-q2) ge bhckb511-q1-10) and ((bhckb530-q1bhckb530-q2) le bhckb511-q1+10)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
For June, September, and December, if HI-A9 (current) is equal to
(bhck4356-q1 eq bhck4356-q2) then (bhckb530-q1 - bhckb530HI-A9 (previous), then HC-26b (current minus previous) should
q2) ge (bhckb511-q1 - bhckb511-q2 -10) and (bhckb530-q1 equal HI-A12 (current minus previous) +/- 10k.
bhckb530-q2) le (bhckb511-q1 - bhckb511-q2 +10)
HC-26b should not be null.
bhckb530 ne null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, The absolute value
covered SLHCs as defined by the final capital rule only,
of HC-R(I)3 should be greater than or equal to 20 percent of the
abs(bhcab530) ge (.2 * abs(bhckb530))
absolute value of HC-26b.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, The absolute value
covered SLHCs as defined by the final capital rule only,
of HC-R(I)3 should be less than or equal to the absolute value of
abs(bhcab530) le abs(bhckb530)
HC-26b.
HC-26c should be less than or equal to zero.
bhcka130 le 0
HC-27a should not be null.
bhck3210 ne null
If HC-27b (previous) is greater than zero, then HC-27b (current)
if bhck3000-q2 gt 0 then bhck3000-q1 gt 0
should be greater than zero.
HC-27b should not be null and should not be negative.
bhck3000 ne null and bhck3000 ge 0
For December, if HC-Mem1 (previous December) is equal to "1"
if (mm-q1 eq 12 and (bhckc884-q5 eq 1)) then (bhckc884-q1 eq
(yes), then HC-Mem1 (current) should be equal "1" (yes) and HC1) and bhckc884 ne null
Mem1 should not be null.
If HC-Mem2a(1) is not null then HC-Mem2a(2), HC-Mem2a(3), HC- if (textc703 ne null) then (textc708 ne null and textc714 ne null
Mem2a(4), HC-Mem2b(1), and HC-Mem2b(2) should not be null. and textc715 ne null and textc704 ne null and textc705 ne null)
If HC-Mem2a(2) is not null then HC-Mem2a(1), HC-Mem2a(3), HC- if (textc708 ne null) then (textc703 ne null and textc714 ne null
Mem2a(4), HC-Mem2b(1), and HC-Mem2b(2) should not be null. and textc715 ne null and textc704 ne null and textc705 ne null)
If HC-Mem2a(3) is not null then HC-Mem2a(1), HC-Mem2a(2), HC- if (textc714 ne null) then (textc703 ne null and textc708 ne null
Mem2a(4), HC-Mem2b(1), and HC-Mem2b(2) should not be null. and textc715 ne null and textc704 ne null and textc705 ne null)
If HC-Mem2a(4) is not null then HC-Mem2a(1), HC-Mem2a(2), HC- if (textc715 ne null) then (textc703 ne null and textc708 ne null
Mem2a(3), HC-Mem2b(1), and HC-Mem2b(2) should not be null. and textc714 ne null and textc704 ne null and textc705 ne null)
If HC-Mem2b(1) is not null then HC-Mem2a(1), HC-Mem2a(2), HC- if (textc704 ne null) then (textc703 ne null and textc708 ne null
Mem2a(3), HC-Mem2a(4), and HC-Mem2b(2) should not be null. and textc714 ne null and textc715 ne null and textc705 ne null)
If HC-Mem2b(2) is not null then HC-Mem2a(1), HC-Mem2a(2), HC- if (textc705 ne null) then (textc703 ne null and textc708 ne null
Mem2a(3), HC-Mem2a(4), and HC-Mem2b(1) should not be null. and textc714 ne null and textc715 ne null and textc704 ne null)
HC-B1A should not be null and should not be negative.
bhck0211 ne null and bhck0211 ge 0
HC-B1B should not be null and should not be negative.
bhck0213 ne null and bhck0213 ge 0
HC-B1C should not be null and should not be negative.
bhck1286 ne null and bhck1286 ge 0
HC-B1D should not be null and should not be negative.
bhck1287 ne null and bhck1287 ge 0
HC-B3A should not be null and should not be negative.
bhck8496 ne null and bhck8496 ge 0
HC-B3B should not be null and should not be negative.
bhck8497 ne null and bhck8497 ge 0
HC-B3C should not be null and should not be negative.
bhck8498 ne null and bhck8498 ge 0
HC-B3D should not be null and should not be negative.
bhck8499 ne null and bhck8499 ge 0
For March, if HI-A9 (current) is equal to zero, then HC-26b
(current minus previous) should equal HI-A12(current) (+/- 10k).
FR Y-9C: EDIT-26 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
Edit Test
FRY9C
20191231
99991231
No Change
HC-B
Quality
1201
HC-B4a1A
BHCKG300
If previous year June HC-12 is less than $5 billion, then HC-B4a1A
through HC-B4a3D should be null.
FRY9C
20191231
99991231
No Change
HC-B
Quality
1335
HC-B4a4A
BHCKKX52
If previous year June HC-12 is greater than $5 billion, then HCB4a4A through HC-B4a4D should be null.
FRY9C
20191231
99991231
No Change
HC-B
Quality
1203
HC-B4a4B
BHCKKX53
If previous year June HC-12 is less than $5 billion, then HC-B4a4B
should not be null and should not be negative.
FRY9C
20191231
99991231
No Change
HC-B
Quality
1204
HC-B4a4C
BHCKKX54
If previous year June HC-12 is less than $5 billion, then HC-B4a4C
should not be null and should not be negative.
FRY9C
20191231
99991231
No Change
HC-B
Quality
1205
HC-B4a4D
BHCKKX55
If previous year June HC-12 is less than $5 billion, then HC-B4a4D
should not be null and should not be negative.
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
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
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
HC-B4b1A
HC-B4b1B
HC-B4b1C
HC-B4b1D
HC-B4b2A
HC-B4b2B
HC-B4b2C
HC-B4b2D
HC-B4b3A
HC-B4b3B
HC-B4b3C
HC-B4b3D
HC-B4c1aA
HC-B4c1aB
HC-B4c1aC
HC-B4c1aD
HC-B4c1bA
HC-B4c1bB
HC-B4c1bC
HC-B4c1bD
HC-B4c2aA
HC-B4c2aB
HC-B4c2aC
HC-B4c2aD
BHCKG312
BHCKG313
BHCKG314
BHCKG315
BHCKG316
BHCKG317
BHCKG318
BHCKG319
BHCKG320
BHCKG321
BHCKG322
BHCKG323
BHCKK142
BHCKK143
BHCKK144
BHCKK145
BHCKK146
BHCKK147
BHCKK148
BHCKK149
BHCKK150
BHCKK151
BHCKK152
BHCKK153
HC-B4b1A should not be null and should not be negative.
HC-B4b1B should not be null and should not be negative.
HC-B4b1C should not be null and should not be negative.
HC-B4b1D should not be null and should not be negative.
HC-B4b2A should not be null and should not be negative.
HC-B4b2B should not be null and should not be negative.
HC-B4b2C should not be null and should not be negative.
HC-B4b2D should not be null and should not be negative.
HC-B4b3A should not be null and should not be negative.
HC-B4b3B should not be null and should not be negative.
HC-B4b3C should not be null and should not be negative.
HC-B4b3D should not be null and should not be negative.
HC-B4c1aA should not be null and should not be negative.
HC-B4c1aB should not be null and should not be negative.
HC-B4c1aC should not be null and should not be negative.
HC-B4c1aD should not be null and should not be negative.
HC-B4c1bA should not be null and should not be negative.
HC-B4c1bB should not be null and should not be negative.
HC-B4c1bC should not be null and should not be negative.
HC-B4c1bD should not be null and should not be negative.
HC-B4c2aA should not be null and should not be negative.
HC-B4c2aB should not be null and should not be negative.
HC-B4c2aC should not be null and should not be negative.
HC-B4c2aD should not be null and should not be negative.
September 2021
Alg Edit Test
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckg300 eq null and bhckg301 eq null and bhckg302 eq
null and bhckg303 eq null and bhckg304 eq null and bhckg305
eq null and bhckg306 eq null and bhckg307 eq null and
bhckg308 eq null and bhckg309 eq null and bhckg310 eq null
and bhckg311 eq null
if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000) then bhckkx52 eq null and bhckkx53 eq null and
bhckkx54 eq null and bhckkx55 eq null.
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckkx53 ne null and bhckkx53 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckkx54 ne null and bhckkx54 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckkx55 ne null and bhckkx55 ge 0
bhckg312 ne null and bhckg312 ge 0
bhckg313 ne null and bhckg313 ge 0
bhckg314 ne null and bhckg314 ge 0
bhckg315 ne null and bhckg315 ge 0
bhckg316 ne null and bhckg316 ge 0
bhckg317 ne null and bhckg317 ge 0
bhckg318 ne null and bhckg318 ge 0
bhckg319 ne null and bhckg319 ge 0
bhckg320 ne null and bhckg320 ge 0
bhckg321 ne null and bhckg321 ge 0
bhckg322 ne null and bhckg322 ge 0
bhckg323 ne null and bhckg323 ge 0
bhckk142 ne null and bhckk142 ge 0
bhckk143 ne null and bhckk143 ge 0
bhckk144 ne null and bhckk144 ge 0
bhckk145 ne null and bhckk145 ge 0
bhckk146 ne null and bhckk146 ge 0
bhckk147 ne null and bhckk147 ge 0
bhckk148 ne null and bhckk148 ge 0
bhckk149 ne null and bhckk149 ge 0
bhckk150 ne null and bhckk150 ge 0
bhckk151 ne null and bhckk151 ge 0
bhckk152 ne null and bhckk152 ge 0
bhckk153 ne null and bhckk153 ge 0
FR Y-9C: EDIT-27 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
Edit Change Schedule Edit Type
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
Effective Start
Date
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
FRY9C
20190331
99991231
No Change
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20180630
20180630
20180630
20180630
20180630
20180630
20180630
20180630
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
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
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
September 2021
TargetItem
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Edit
Number
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
HC-B4c2bA
HC-B4c2bB
HC-B4c2bC
HC-B4c2bD
HC-B5aA
HC-B5aB
HC-B5aC
HC-B5aD
HC-B6aA
HC-B6aB
HC-B6aC
HC-B6aD
HC-B6bA
HC-B6bB
HC-B6bC
HC-B6bD
HC-BM1
HC-BM2a
HC-BM2b
HC-BM2c
MDRM
Number
BHCKK154
BHCKK155
BHCKK156
BHCKK157
BHCKC026
BHCKC988
BHCKC989
BHCKC027
BHCK1737
BHCK1738
BHCK1739
BHCK1741
BHCK1742
BHCK1743
BHCK1744
BHCK1746
BHCK0416
BHCK0383
BHCK0384
BHCK0387
HC-B
Quality
9400
HC-BM3
BHCK1778
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
9400
9400
9400
9400
9400
9400
9400
9400
9400
9400
9404
9404
9404
9404
9404
9404
9404
9404
9404
9404
9404
9404
9404
9404
9404
HC-BM4a
HC-BM4b
HC-B2A
HC-B2B
HC-B2C
HC-B2D
HC-B5bA
HC-B5bB
HC-B5bC
HC-B5bD
HC-BM5aA
HC-BM5aB
HC-BM5aC
HC-BM5aD
HC-BM5bA
HC-BM5bB
HC-BM5bC
HC-BM5bD
HC-BM5cA
HC-BM5cB
HC-BM5cC
HC-BM5cD
HC-BM5dA
HC-BM5dB
HC-BM5dC
BHCK8782
BHCK8783
BHCKHT50
BHCKHT51
BHCKHT52
BHCKHT53
BHCKHT58
BHCKHT59
BHCKHT60
BHCKHT61
BHCKB838
BHCKB839
BHCKB840
BHCKB841
BHCKB842
BHCKB843
BHCKB844
BHCKB845
BHCKB846
BHCKB847
BHCKB848
BHCKB849
BHCKB850
BHCKB851
BHCKB852
Edit Test
Alg Edit Test
HC-B4c2bA should not be null and should not be negative.
HC-B4c2bB should not be null and should not be negative.
HC-B4c2bC should not be null and should not be negative.
HC-B4c2bD should not be null and should not be negative.
HC-B5aA should not be null and should not be negative.
HC-B5aB should not be null and should not be negative.
HC-B5aC should not be null and should not be negative.
HC-B5aD should not be null and should not be negative.
HC-B6aA should not be null and should not be negative.
HC-B6aB should not be null and should not be negative.
HC-B6aC should not be null and should not be negative.
HC-B6aD should not be null and should not be negative.
HC-B6bA should not be null and should not be negative.
HC-B6bB should not be null and should not be negative.
HC-B6bC should not be null and should not be negative.
HC-B6bD should not be null and should not be negative.
HC-BM1 should not be null and should not be negative.
HC-BM2a should not be null and should not be negative.
HC-BM2b should not be null and should not be negative.
HC-BM2c should not be null and should not be negative.
For June and December reporting periods, HC-BM3 should not be
null and should not be negative.
HC-BM4a should not be null and should not be negative.
HC-BM4b should not be null and should not be negative.
HC-B2A should not be null and should not be negative.
HC-B2B should not be null and should not be negative.
HC-B2C should not be null and should not be negative.
HC-B2D should not be null and should not be negative.
HC-B5bA should not be null and should not be negative.
HC-B5bB should not be null and should not be negative.
HC-B5bC should not be null and should not be negative.
HC-B5bD should not be null and should not be negative.
HC-BM5aA should not be negative.
HC-BM5aB should not be negative.
HC-BM5aC should not be negative.
HC-BM5aD should not be negative.
HC-BM5bA should not be negative.
HC-BM5bB should not be negative.
HC-BM5bC should not be negative.
HC-BM5bD should not be negative.
HC-BM5cA should not be negative.
HC-BM5cB should not be negative.
HC-BM5cC should not be negative.
HC-BM5cD should not be negative.
HC-BM5dA should not be negative.
HC-BM5dB should not be negative.
HC-BM5dC should not be negative.
bhckk154 ne null and bhckk154 ge 0
bhckk155 ne null and bhckk155 ge 0
bhckk156 ne null and bhckk156 ge 0
bhckk157 ne null and bhckk157 ge 0
bhckc026 ne null and bhckc026 ge 0
bhckc988 ne null and bhckc988 ge 0
bhckc989 ne null and bhckc989 ge 0
bhckc027 ne null and bhckc027 ge 0
bhck1737 ne null and bhck1737 ge 0
bhck1738 ne null and bhck1738 ge 0
bhck1739 ne null and bhck1739 ge 0
bhck1741 ne null and bhck1741 ge 0
bhck1742 ne null and bhck1742 ge 0
bhck1743 ne null and bhck1743 ge 0
bhck1744 ne null and bhck1744 ge 0
bhck1746 ne null and bhck1746 ge 0
bhck0416 ne null and bhck0416 ge 0
bhck0383 ne null and bhck0383 ge 0
bhck0384 ne null and bhck0384 ge 0
bhck0387 ne null and bhck0387 ge 0
if (mm-q1 eq 06 or mm-q1 eq 12) then bhck1778 ne null and
bhck1778 ge 0
bhck8782 ne null and bhck8782 ge 0
bhck8783 ne null and bhck8783 ge 0
bhckht50 ne null and bhckht50 ge 0
bhckht51 ne null and bhckht51 ge 0
bhckht52 ne null and bhckht52 ge 0
bhckht53 ne null and bhckht53 ge 0
bhckht58 ne null and bhckht58 ge 0
bhckht59 ne null and bhckht59 ge 0
bhckht60 ne null and bhckht60 ge 0
bhckht61 ne null and bhckht61 ge 0
bhckb838 ge 0 or bhckb838 eq null
bhckb839 ge 0 or bhckb839 eq null
bhckb840 ge 0 or bhckb840 eq null
bhckb841 ge 0 or bhckb841 eq null
bhckb842 ge 0 or bhckb842 eq null
bhckb843 ge 0 or bhckb843 eq null
bhckb844 ge 0 or bhckb844 eq null
bhckb845 ge 0 or bhckb845 eq null
bhckb846 ge 0 or bhckb846 eq null
bhckb847 ge 0 or bhckb847 eq null
bhckb848 ge 0 or bhckb848 eq null
bhckb849 ge 0 or bhckb849 eq null
bhckb850 ge 0 or bhckb850 eq null
bhckb851 ge 0 or bhckb851 eq null
bhckb852 ge 0 or bhckb852 eq null
FR Y-9C: EDIT-28 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
Edit Change Schedule Edit Type
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
Effective Start
Date
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-B
HC-C
HC-C
HC-C
HC-C
HC-C
HC-C
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
FRY9C
20150331
99991231
No Change
HC-C
FRY9C
20150331
99991231
No Change
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
FRY9C
20191231
FRY9C
HC-BM5dD
HC-BM5eA
HC-BM5eB
HC-BM5eC
HC-BM5eD
HC-BM5fA
HC-BM5fB
HC-BM5fC
HC-BM5fD
HC-C1A
HC-C1a1B
HC-C1a2B
HC-C1bB
HC-C1c1B
HC-C1c2aB
MDRM
Number
BHCKB853
BHCKB854
BHCKB855
BHCKB856
BHCKB857
BHCKB858
BHCKB859
BHCKB860
BHCKB861
BHCK1410
BHCKF158
BHCKF159
BHDM1420
BHDM1797
BHDM5367
Intraseries 5975
HC-C1c2bB
BHDM5368
HC-C
Intraseries 5980
HC-C1c2bB
BHDM5368
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
HC-C
HC-C
HC-C
HC-C
HC-C
HC-C
HC-C
HC-C
HC-C
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
9406
9406
9406
9406
9406
9406
9406
9406
9406
HC-C1c2bB
HC-C1dB
HC-C1e1B
HC-C1e2B
HC-C2B
HC-C2aA
HC-C2bA
HC-C3A
HC-C3B
BHDM5368
BHDM1460
BHCKF160
BHCKF161
BHDM1288
BHCK1292
BHCK1296
BHCK1590
BHDM1590
99991231
No Change
HC-C
Quality
1206
HC-C4aA
BHCK1763
20191231
99991231
No Change
HC-C
Quality
1207
HC-C4aA
BHCK1763
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-C
HC-C
Quality
Quality
9406
9406
HC-C4B
HC-C6B
BHDM1766
BHDM1975
FRY9C
20150331
99991231
No Change
HC-C
Quality
5985
HC-C6aA
BHCKB538
FRY9C
20150331
99991231
No Change
HC-C
Intraseries 5987
HC-C6aA
BHCKB538
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-C
HC-C
Quality
Quality
HC-C6aA
HC-C6bA
BHCKB538
BHCKB539
September 2021
Edit
Number
9404
9404
9404
9404
9404
9404
9404
9404
9404
9406
9406
9406
9406
9406
9406
9406
9406
TargetItem
Edit Test
Alg Edit Test
HC-BM5dD should not be negative.
HC-BM5eA should not be negative.
HC-BM5eB should not be negative.
HC-BM5eC should not be negative.
HC-BM5eD should not be negative.
HC-BM5fA should not be negative.
HC-BM5fB should not be negative.
HC-BM5fC should not be negative.
HC-BM5fD should not be negative.
HC-C1A should not be null and should not be negative.
HC-C1a1B should not be null and should not be negative.
HC-C1a2B should not be null and should not be negative.
HC-C1bB should not be null and should not be negative.
HC-C1c1B should not be null and should not be negative.
HC-C1c2aB should not be null and should not be negative.
If HC-C1c2aB (previous) minus HC-C1c2bB (previous) is greater
than $1 million and HC-C1c2bB (current) is greater than zero, then
HC-C1c2aB (current) divided by HC-C1c2bB (current) should be
greater than 80 %.
If HC-C1c2bB (previous) minus HC-C1c2aB (previous) is greater
than $1 million and HC-C1c2aB (current) is greater than zero, then
HC-C1c2bB (current) divided by HC-C1c2aB (current) should be
greater than 80 %.
HC-C1c2bB should not be null and should not be negative.
HC-C1dB should not be null and should not be negative.
HC-C1e1B should not be null and should not be negative.
HC-C1e2B should not be null and should not be negative.
HC-C2B should not be null and should not be negative.
HC-C2aA should not be null and should not be negative.
HC-C2bA should not be null and should not be negative.
HC-C3A should not be null and should not be negative.
HC-C3B should not be null and should not be negative.
bhckb853 ge 0 or bhckb853 eq null
bhckb854 ge 0 or bhckb854 eq null
bhckb855 ge 0 or bhckb855 eq null
bhckb856 ge 0 or bhckb856 eq null
bhckb857 ge 0 or bhckb857 eq null
bhckb858 ge 0 or bhckb858 eq null
bhckb859 ge 0 or bhckb859 eq null
bhckb860 ge 0 or bhckb860 eq null
bhckb861 ge 0 or bhckb861 eq null
bhck1410 ne null and bhck1410 ge 0
bhckf158 ne null and bhckf158 ge 0
bhckf159 ne null and bhckf159 ge 0
bhdm1420 ne null and bhdm1420 ge 0
bhdm1797 ne null and bhdm1797 ge 0
bhdm5367 ne null and bhdm5367 ge 0
if ((bhdm5367-q2 - bhdm5368-q2) gt 1000 and (bhdm5368-q1
gt 0)) then ((bhdm5367-q1 / bhdm5368-q1) * 100 gt 80)
if ((bhdm5368-q2 - bhdm5367-q2) gt 1000 and (bhdm5367-q1
gt 0)) then ((bhdm5368-q1 / bhdm5367-q1) * 100 gt 80)
bhdm5368 ne null and bhdm5368 ge 0
bhdm1460 ne null and bhdm1460 ge 0
bhckf160 ne null and bhckf160 ge 0
bhckf161 ne null and bhckf161 ge 0
bhdm1288 ne null and bhdm1288 ge 0
bhck1292 ne null and bhck1292 ge 0
bhck1296 ne null and bhck1296 ge 0
bhck1590 ne null and bhck1590 ge 0
bhdm1590 ne null and bhdm1590 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
If previous year June HC-12 is less than $5 billion, then HC-C4aA
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170and HC-C4bA should be null.
q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhck1763 eq null and bhck1764 eq null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
If previous year June HC-12 is less than $5 billion, then HC-C4cA
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170should not be null and should not be negative.
q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckkx56 ne null and bhckkx56 ge 0
HC-C4B should not be null and should not be negative.
bhdm1766 ne null and bhdm1766 ge 0
HC-C6B should not be null and should not be negative.
bhdm1975 ne null and bhdm1975 ge 0
For March, if the sum of HI-B(I)5aA and HI-B(I)5aB is greater than if (mm-q1 eq 03) and ((bhckb514 + bhckb515) gt 25) then
$25 thousand, then HC-C6aA should be greater than zero.
bhckb538 gt 0
For June, September, and December, if the sum of HI-B(I)5aA and if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
HI-B(I)5aB (current minus previous) is greater than $25 thousand, ((bhckb514-q1 + bhckb515-q1) - (bhckb514-q2 + bhckb515-q2)
then HC-C6aA (current) should be greater than zero.
gt 25) then bhckb538-q1 gt 0
HC-C6aA should not be null and should not be negative.
bhckb538 ne null and bhckb538 ge 0
HC-C6bA should not be null and should not be negative.
bhckb539 ne null and bhckb539 ge 0
FR Y-9C: EDIT-29 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20150331
99991231
No Change
HC-C
Quality
6000
HC-C6cA
BHCKK137
FRY9C
20150331
99991231
No Change
HC-C
Intraseries 6003
HC-C6cA
BHCKK137
FRY9C
20150331
99991231
No Change
HC-C
Quality
9406
HC-C6cA
BHCKK137
FRY9C
20150331
99991231
No Change
HC-C
Quality
0397
HC-C6dA
BHCKK207
FRY9C
20150331
99991231
No Change
HC-C
Intraseries 0397
HC-C6dA
BHCKK207
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
No Change
HC-C
HC-C
HC-C
HC-C
HC-C
Quality
Quality
Quality
Quality
Quality
9406
9406
9406
9406
9406
HC-C6dA
HC-C7A
HC-C7B
HC-C9aA
HC-C9aB
BHCKK207
BHCK2081
BHDM2081
BHCKJ454
BHDMJ454
FRY9C
20191231
99991231
No Change
HC-C
Quality
1208
HC-C9b1A
BHCK1545
FRY9C
20191231
99991231
No Change
HC-C
Quality
1209
HC-C9b3A
BHCKKX57
FRY9C
20191231
99991231
No Change
HC-C
Quality
1210
HC-C9b3B
BHDMKX57
FRY9C
20150331
99991231
No Change
HC-C
Quality
9406
HC-C10B
BHDM2165
FRY9C
20191231
99991231
No Change
HC-C
Quality
1211
HC-C10cA
BHCKKX58
FRY9C
20191231
99991231
No Change
HC-C
Quality
1212
HC-C10aA
BHCKF162
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
HC-C
HC-C
HC-C
HC-C
Quality
Quality
Quality
Quality
9406
9406
9406
9406
HC-C11A
HC-C11B
HC-C12A
HC-C12B
BHCK2123
BHDM2123
BHCK2122
BHDM2122
FRY9C
20191231
99991231
No Change
HC-C
Quality
1213
HC-CM1a1
BHDMK158
FRY9C
20191231
99991231
No Change
HC-C
Quality
1214
HC-CM1a1
BHDMK158
September 2021
Edit Test
Alg Edit Test
For March, if the sum of HI-B(I)5bA and HI-B(I)5bB is greater than
$25 thousand, then HC-C6cA should be greater than zero.
For June, September, and December, if the sum of HI-B(I)5bA and
HI-B(I)5bB (current minus previous) is greater than $25 thousand,
then HC-C6cA (current) should be greater than zero.
HC-C6cA should not be null and should not be negative.
For March, if the sum of HI-B(I)5cA and HI-B(I)5cB is greater than
$25 thousand, then the sum of HC-C6bA and HC-C6dA should be
greater than zero.
For June, September, and December, if the sum of HI-B(I)5cA and
HI-B(I)5cB (current minus previous) is greater than $25 thousand,
then the sum of HC-C6bA and HC-C6dA (current) should be
greater than zero.
HC-C6dA should not be null and should not be negative.
HC-C7A should not be null and should not be negative.
HC-C7B should not be null and should not be negative.
HC-C9aA should not be null and should not be negative.
HC-C9aB should not be null and should not be negative.
if (mm-q1 eq 03) and ((bhckk129 + bhckk133) gt 25) then
bhckk137 gt 0
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
((bhckk129-q1 + bhckk133-q1) - (bhckk129-q2 + bhckk133-q2)
gt 25) then bhckk137-q1 gt 0
bhckk137 ne null and bhckk137 ge 0
if (mm-q1 eq 03) and ((bhckk205 + bhckk206) gt 25) then
(bhckb539 + bhckk207) gt 0
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
((bhckk205-q1 + bhckk206-q1) - (bhckk205-q2 + bhckk206-q2)
gt 25) then (bhckb539-q1 + bhckk207-q1) gt 0
bhckk207 ne null and bhckk207 ge 0
bhck2081 ne null and bhck2081 ge 0
bhdm2081 ne null and bhdm2081 ge 0
bhckj454 ne null and bhckj454 ge 0
bhdmj454 ne null and bhdmj454 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170If previous year June HC-12 is less than $5 billion, then HC-C9b1A
q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
through HC-C9b2B should be null.
then bhck1545 eq null and bhdm1545 eq null and bhckj451 eq
null and bhdmj451 eq null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
If previous year June HC-12 is less than $5 billion, then HC-C9b3A and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170should not be null and should not be negative.
q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckkx57 ne null and bhckkx57 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
If previous year June HC-12 is less than $5 billion, then HC-C9b3B and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170should not be null and should not be negative.
q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhdmkx57 ne null and bhdmkx57 ge 0
HC-C10B should not be null and should not be negative.
bhdm2165 ne null and bhdm2165 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
If previous year June HC-12 is less than $5 billion, then HC-C10cA and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170should not be null and should not be negative.
q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckkx58 ne null and bhckkx58 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
If previous year June HC-12 is less than $5 billion, then HC-C10aA and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170and HC-C10bA should be null.
q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckf162 eq null and bhckf163 eq null
HC-C11A should not be null and should not be negative.
bhck2123 ne null and bhck2123 ge 0
HC-C11B should not be null and should not be negative.
bhdm2123 ne null and bhdm2123 ge 0
HC-C12A should not be null and should not be negative.
bhck2122 ne null and bhck2122 ge 0
HC-C12B should not be null and should not be negative.
bhdm2122 ne null and bhdm2122 ge 0
For June and December, if previous year June HC-12 is less than $5 if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
billion, then HC-CM1a1 should not be null and should not be
and bhck2170-q7 lt 5000000) then bhdmk158 ne null and
negative.
bhdmk158 ge 0
For March and September, if previous year June HC-12 is less than if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
$5 billion, then HC-CM1a1 should be null.
and bhck2170-q6 lt 5000000) then bhdmk158 eq null
FR Y-9C: EDIT-30 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20191231
99991231
No Change
HC-C
Quality
1215
HC-CM1a2
BHDMK159
FRY9C
20191231
99991231
No Change
HC-C
Quality
1216
HC-CM1a2
BHDMK159
FRY9C
20191231
99991231
No Change
HC-C
Quality
1217
HC-CM1b
BHDMF576
FRY9C
20191231
99991231
No Change
HC-C
Quality
1218
HC-CM1b
BHDMF576
FRY9C
20191231
99991231
No Change
HC-C
Quality
1219
HC-CM1c
BHDMK160
FRY9C
20191231
99991231
No Change
HC-C
Quality
1220
HC-CM1c
BHDMK160
FRY9C
20191231
99991231
No Change
HC-C
Quality
1221
HC-CM1d1
BHDMK161
FRY9C
20191231
99991231
No Change
HC-C
Quality
1222
HC-CM1d1
BHDMK161
FRY9C
20191231
99991231
No Change
HC-C
Quality
1223
HC-CM1d2
BHDMK162
FRY9C
20191231
99991231
No Change
HC-C
Quality
1224
HC-CM1d2
BHDMK162
FRY9C
20191231
99991231
No Change
HC-C
Quality
1225
HC-CM1e1
BHCKK163
FRY9C
20191231
99991231
No Change
HC-C
Quality
1226
HC-CM1e3
BHCKKX59
FRY9C
20191231
99991231
No Change
HC-C
Quality
1227
HC-CM1e3
BHCKKX59
FRY9C
20191231
99991231
No Change
HC-C
Quality
1228
HC-CM1f
BHCKK165
FRY9C
20191231
99991231
No Change
HC-C
Quality
1229
HC-CM1f
BHCKK165
FRY9C
20191231
99991231
No Change
HC-C
Quality
1230
HC-CM1f1
BHDMK166
FRY9C
20191231
99991231
No Change
HC-C
Quality
1231
HC-CM1f1
BHDMK166
FRY9C
20191231
99991231
No Change
HC-C
Quality
1232
HC-CM1f2
BHCKK168
FRY9C
20191231
99991231
No Change
HC-C
Quality
1233
HC-CM1f2
BHCKK168
FRY9C
20191231
99991231
No Change
HC-C
Quality
1234
HC-CM1f3a
BHCKK098
September 2021
Edit Test
Alg Edit Test
For June and December, if previous year June HC-12 is less than $5
billion, then HC-CM1a2 should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-CM1a2 should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-CM1b should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-CM1b should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-CM1c should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-CM1c should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-CM1d1 should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-CM1d1 should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-CM1d2 should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-CM1d2 should be null.
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhdmk159 ne null and
bhdmk159 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhdmk159 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhdmf576 ne null and
bhdmf576 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhdmf576 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhdmk160 ne null and
bhdmk160 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhdmk160 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhdmk161 ne null and
bhdmk161 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhdmk161 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhdmk162 ne null and
bhdmk162 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhdmk162 eq null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckk163 eq null and bhckk164 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckkx59 ne null and
bhckkx59 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhckkx59 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckk165 ne null and
bhckk165 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhckk165 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhdmk166 ne null and
bhdmk166 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhdmk166 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckk168 ne null and
bhckk168 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhckk168 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckk098 ne null and
bhckk098 ge 0
If previous year June HC-12 is less than $5 billion, then HC-CM1e1
and HC-CM1e2 should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-CM1e3 should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-CM1e3 should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-CM1f should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-CM1f should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-CM1f1 should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-CM1f1 should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-CM1f2 should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-CM1f2 should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-CM1f3a should not be null and should not be
negative.
FR Y-9C: EDIT-31 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20191231
99991231
No Change
HC-C
Quality
1235
HC-CM1f3a
BHCKK098
FRY9C
20191231
99991231
No Change
HC-C
Quality
1236
HC-CM1f3b BHCKK203
FRY9C
20191231
99991231
No Change
HC-C
Quality
1237
HC-CM1f3b BHCKK203
FRY9C
20191231
99991231
No Change
HC-C
Quality
1238
HC-CM1f3c
BHCKK204
FRY9C
20191231
99991231
No Change
HC-C
Quality
1239
HC-CM1f3c
BHCKK204
FRY9C
20180331
99991231
No Change
HC-C
Quality
9406
HC-CM1g
BHCKHK25
FRY9C
20150331
99991231
No Change
HC-C
Quality
6017
HC-CM2
BHCK2746
FRY9C
20150331
99991231
No Change
HC-C
Intraseries 6018
HC-CM2
BHCK2746
FRY9C
20150331
99991231
No Change
HC-C
Quality
9406
HC-CM2
BHCK2746
FRY9C
20191231
99991231
No Change
HC-C
Quality
1240
HC-CM3
BHCKB837
FRY9C
20180630
99991231
No Change
HC-C
Quality
6020
HC-CM4
BHCKC391
FRY9C
20150331
99991231
No Change
HC-C
Quality
9410
HC-CM4
BHCKC391
FRY9C
20150331
99991231
No Change
HC-C
Quality
6022
HC-CM5a
BHCKC779
FRY9C
20150331
99991231
No Change
HC-C
Quality
6023
HC-CM5a
BHCKC779
FRY9C
20150331
99991231
No Change
HC-C
Quality
6024
HC-CM5b
BHCKC780
FRY9C
20190331
99991231
No Change
HC-C
Quality
9420
HC-CM6a
BHCKF230
FRY9C
20190331
99991231
No Change
HC-C
Quality
9421
HC-CM6b
BHCKF231
FRY9C
20190331
99991231
No Change
HC-C
Quality
6029
HC-CM6c
BHCKF232
FRY9C
20190331
99991231
No Change
HC-C
Quality
9421
HC-CM6c
BHCKF232
FRY9C
20180630
99991231
No Change
HC-Q
Intraseries 0070
HC-QM3b
BHCKF585
FRY9C
20191231
99991231
No Change
HC-Q
Intraseries 8143
HC-QM3b
BHCKF585
September 2021
Edit Test
Alg Edit Test
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-CM1f3a should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-CM1f3b should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-CM1f3b should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-CM1f3c should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-CM1f3c should be null.
HC-CM1g should not be null and should not be negative.
For March, if the sum of HI-B(I)M1A and HI-B(I)M1B is greater
than $25 thousand, then HC-CM2 should be greater than zero.
For June, September, and December, if the sum of HI-B(I)M1A and
HI-B(I)M1B (current minus previous) is greater than $25 thousand,
then HC-CM2 (current) should be greater than zero.
HC-CM2 should not be null and should not be negative.
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhckk098 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckk203 ne null and
bhckk203 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhckk203 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckk204 ne null and
bhckk204 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhckk204 eq null
bhckhk25 ne null and bhckhk25 ge 0
if (mm-q1 eq 03) and ((bhck5409 + bhck5410) gt 25) then
bhck2746 gt 0
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
((bhck5409-q1 + bhck5410-q1) - (bhck5409-q2 + bhck5410-q2)
gt 25) then bhck2746-q1 gt 0
bhck2746 ne null and bhck2746 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckb837 eq null
If previous year June HC-12 is less than $5 billion, then HC-CM3
should be null.
If the sum of HC-C6aA and HC-S1C is greater than $500 million or
[the sum of (HC-C6aA and HC-S1C) divided by the sum of (HCC12A and HC-S1C) is greater than 50% and the sum of (HC-C12A
and HC-S1C) divided by the sum of (HC-12 and HC-S1C) is greater
than 50%], then HC-CM4 should be greater than zero.
HC-CM4 should not be negative.
If HC-CM5b is greater than zero, then HC-CM5a should be greater
than zero.
HC-CM5a should be greater than or equal to HC-CM5b.
If HC-CM5a is greater than zero, then HC-CM5b should be greater
than zero.
For June and December reporting periods, HC-CM6a should not be
null and should not be negative.
For June and December reporting periods, HC-CM6b should not
be negative.
For June and December reporting periods, HC-CM6c should be
less than or equal 50% of HC-CM6a.
For June and December reporting periods, HC-CM6c should not be
negative.
If HC-QM3b (previous) is not equal to zero or null, then HC-QM3b
(current) should not equal zero or null.
If previous year June HC-12 is less than $5 billion, then HC-C4cA
should be greater than or equal to HC-QM3b, and HC-C4aA and
HC-C4bA should be zero.
if ((bhckb538 + bhckb707) gt 500000) or (((bhckb538 +
bhckb707) / (bhck2122 + bhckb707)) * 100) gt 50 and
(((bhck2122 + bhckb707) / (bhck2170 + bhckb707)) * 100) gt 50
then bhckc391 gt 0
bhckc391 ge 0 or bhckc391 eq null
if bhckc780 gt 0 then bhckc779 gt 0
bhckc779 ge bhckc780
if bhckc779 gt 0 then bhckc780 gt 0
if (mm-q1 eq 06 or mm-q1 eq 12) then bhckf230 ne null and
bhckf230 ge 0
if (mm-q1 eq 06 or mm-q1 eq 12) then bhckf231 ge 0 or
bhckf231 eq null
if (mm-q1 eq 06 or mm-q1 eq 12) then bhckf232 le (0.50 *
bhckf230)
if (mm-q1 eq 06 or mm-q1 eq 12) then bhckf232 ge 0 or
bhckf232 eq null
if ((bhckf585-q2 ne 0) and (bhckf585-q2 ne null)) then
((bhckf585-q1 ne 0) and (bhckf585-q1 ne null))
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckkx56 ge bhckf585 and (bhck1763 + bhck1764) eq 0
FR Y-9C: EDIT-32 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
FRY9C
20191231
99991231
No Change
HI
Quality
FRY9C
20180630
99991231
No Change
HC-Q
FRY9C
20200630
99991231
No Change
FRY9C
20180630
99991231
FRY9C
20180630
FRY9C
Edit
Number
MDRM
Number
HI-5d(1)
BHCKC886
Intraseries 0080
HC-QM3d
BHCKF589
HC-Q
Quality
0160
HC-QM3d
BHCKF589
No Change
HC-Q
Intraseries 0146
HC-QM4b
BHCKF597
99991231
No Change
HC-Q
Quality
0247
HC-QM4b
BHCKF597
20180630
99991231
No Change
HC-Q
Intraseries 0154
HC-QM4d
BHCKF601
FRY9C
20180630
99991231
No Change
HC-Q
Quality
0255
HC-QM4d
BHCKF601
FRY9C
20200630
99991231
No Change
HC-C
Quality
0350
HC-CM16a
BHCKLG24
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20180630
20180630
20180630
20180630
20180630
20180630
20180630
20180630
99991231
99991231
99991231
99991231
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
No Change
No Change
No Change
No Change
HC-D
HC-D
HC-D
HC-D
HC-D
HC-D
HC-D
HC-D
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
9430
9430
9430
9430
9430
9430
9430
9430
HC-D1
HC-D2
HC-D3
HC-D4a
HC-D4b
HC-D4c
HC-D4d
HC-D4e
BHCM3531
BHCM3532
BHCM3533
BHCKG379
BHCKG380
BHCKG381
BHCKK197
BHCKK198
FRY9C
20180630
99991231
No Change
HC-D
Quality
0201
HC-D5b
BHCKG386
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20180630
20180630
20180630
20180630
20180630
99991231
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
No Change
HC-D
HC-D
HC-D
HC-D
HC-D
Quality
Quality
Quality
Quality
Quality
9430
9430
9430
9430
9430
HC-D5b
HC-D6b
HC-D6d
HC-D9
HC-D11
BHCKG386
BHCKF614
BHCKF618
BHCM3541
BHCM3543
FRY9C
20180630
99991231
No Change
HC-D
Intraseries 0128
HC-D12
BHCT3545
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20180630
20180630
20180630
20180630
20180630
20180630
20180630
20180630
20180630
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
HC-D
HC-D
HC-D
HC-D
HC-D
HC-D
HC-D
HC-D
HC-D
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
9430
9430
9430
9430
9430
9430
9430
9430
9430
HC-D13a1
HC-D13a2
HC-D13a3
HC-D13b
HC-D14
HC-D5a
HC-D6a1
HC-D6a2
HC-D6c
BHCKG209
BHCKG210
BHCKG211
BHCKF624
BHCK3547
BHCKHT62
BHCKHT63
BHCKHT64
BHCKHT65
FRY9C
20180630
99991231
No Change
HC-D
Quality
0265
HC-DM1b
BHCKF632
September 2021
8144
TargetItem
Edit Test
Alg Edit Test
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170If previous year June HC-12 is less than $5 billion, then the sum of
q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
HI-5d(1) through HI-5d(5) should be zero.
then (bhckc886 + bhckc888 + bhckc887 + bhckc386 + bhckc387)
eq 0
If HC-QM3d (previous) is not equal to zero or null, then HC-QM3d if ((bhckf589-q2 ne 0) and (bhckf589-q2 ne null)) then
(current) should not equal zero or null.
((bhckf589-q1 ne 0) and (bhckf589-q1 ne null))
Sum of HC-C2aA, HC-C2bA, HC-C3A, HC-C7A, HC-C9aA, HC-C9b1A,
(bhck1292 + bhck1296 + bhck1590 + bhck2081 + bhckj454 +
HC-C9b2A, and HC-C9b3A should be greater than or equal to HCbhck1545 + bhckj451 + bhckkx57) ge bhckf589
QM3d.
If HC-QM4b (previous) is not equal to zero or null, then HC-QM4b if ((bhckf597-q2 ne 0) and (bhckf597-q2 ne null)) then
(current) should not equal zero or null.
((bhckf597-q1 ne 0) and (bhckf597-q1 ne null))
If HC-QM3b is not equal to zero or null, then HC-QM4b should not if bhckf585 ne 0 and bhckf585 ne null then bhckf597 ne 0 and
equal zero or null.
bhckf597 ne null
If HC-QM4d (previous) is not equal to zero or null, then HC-QM4d if ((bhckf601-q2 ne 0) and (bhckf601-q2 ne null)) then
(current) should not equal zero or null.
((bhckf601-q1 ne 0) and (bhckf601-q1 ne null))
If HC-QM3d is not equal to zero or null, then HC-QM4d should not if bhckf589 ne 0 and bhckf589 ne null then bhckf601 ne 0 and
equal zero or null.
bhckf601 ne null
If HC-CM16a is greater than zero, then HC-CM16b should be
if bhcklg24 gt 0, then bhcklg25 gt 0
greater than zero.
HC-D1 should not be negative.
bhcm3531 ge 0 or bhcm3531 eq null
HC-D2 should not be negative.
bhcm3532 ge 0 or bhcm3532 eq null
HC-D3 should not be negative.
bhcm3533 ge 0 or bhcm3533 eq null
HC-D4a should not be negative.
bhckg379 ge 0 or bhckg379 eq null
HC-D4b should not be negative.
bhckg380 ge 0 or bhckg380 eq null
HC-D4c should not be negative.
bhckg381 ge 0 or bhckg381 eq null
HC-D4d should not be negative.
bhckk197 ge 0 or bhckk197 eq null
HC-D4e should not be negative.
bhckk198 ge 0 or bhckk198 eq null
HC-D5b should be greater than or equal to the sum of HC-DM5a bhckg386 ge (bhckf643 + bhckf644 + bhckf645 + bhckf646 +
through HC-DM5f.
bhckf647 + bhckf648)
HC-D5b should not be negative.
bhckg386 ge 0 or bhckg386 eq null
HC-D6b should not be negative.
bhckf614 ge 0 or bhckf614 eq null
HC-D6d should not be negative.
bhckf618 ge 0 or bhckf618 eq null
HC-D9 should not be negative.
bhcm3541 ge 0 or bhcm3541 eq null
HC-D11 should not be negative.
bhcm3543 ge 0 or bhcm3543 eq null
if (bhck3401-q2 ge 10000 or bhck3401-q3 ge 10000 or
If HC-K4a is greater than or equal to $10 million in any of the four
bhck3401-q4 ge 10000 or bhck3401-q5 ge 10000) then
preceding quarters, then HC-D12 (current) should not be null.
bhct3545-q1 ne null
HC-D13a1 should not be negative.
bhckg209 ge 0 or bhckg209 eq null
HC-D13a2 should not be negative.
bhckg210 ge 0 or bhckg210 eq null
HC-D13a3 should not be negative.
bhckg211 ge 0 or bhckg211 eq null
HC-D13b should not be negative.
bhckf624 ge 0 or bhckf624 eq null
HC-D14 should not be negative.
bhck3547 ge 0 or bhck3547 eq null
HC-D5a should not be negative.
bhckht62 ge 0 or bhckht62 eq null
HC-D6a1 should not be negative.
bhckht63 ge 0 or bhckht63 eq null
HC-D6a2 should not be negative.
bhckht64 ge 0 or bhckht64 eq null
HC-D6c should not be negative.
bhckht65 ge 0 or bhckht65 eq null
If HC-D6b is not equal to zero, then HC-DM1b should not equal
if bhckf614 ne 0 then bhckf632 ne 0
zero.
FR Y-9C: EDIT-33 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20180630
99991231
No Change
HC-D
Quality
0273
HC-DM1d
BHCKF636
FRY9C
20180630
99991231
No Change
HC-D
Quality
0275
HC-DM1a1
BHCKHT66
FRY9C
20180630
99991231
No Change
HC-D
Quality
0276
HC-DM1a2
BHCKHT67
FRY9C
20180630
99991231
No Change
HC-D
Quality
0277
HC-DM1c
BHCKHT68
FRY9C
20150331
99991231
No Change
HC-D
Quality
0227
HC-DM9b1
BHCKF655
BHTXF655
FRY9C
20150331
99991231
No Change
HC-D
Quality
0228
HCDM9b1TX
FRY9C
20150331
99991231
No Change
HC-D
Quality
0229
HC-DM9b2
BHCKF656
BHTXF656
FRY9C
20150331
99991231
No Change
HC-D
Quality
0230
HCDM9b2TX
FRY9C
20180630
99991231
No Change
HC-D
Quality
0204
HC-DM9b3
BHCKF657
FRY9C
20150331
99991231
No Change
HC-D
Quality
0231
HC-DM9b3
BHCKF657
FRY9C
20150331
99991231
No Change
HC-D
Quality
0232
HCDM9b3TX
BHTXF657
FRY9C
20150331
99991231
No Change
HC-D
Quality
0233
HC-DM10a
BHCKF658
FRY9C
20150331
99991231
No Change
HC-D
Quality
0234
HCDM10aTX
BHTXF658
FRY9C
20150331
99991231
No Change
HC-D
Quality
0235
HC-DM10b
BHCKF659
FRY9C
20150331
99991231
No Change
HC-D
Quality
0236
HCDM10bTX
BHTXF659
FRY9C
20180630
99991231
No Change
HC-D
Quality
0205
HC-DM10c
BHCKF660
FRY9C
20150331
99991231
No Change
HC-D
Quality
0237
HC-DM10c
BHCKF660
BHTXF660
FRY9C
20150331
99991231
No Change
HC-D
Quality
0238
HCDM10cTX
FRY9C
20160930
99991231
No Change
HC-E
Quality
9440
HC-E1a
BHCB2210
FRY9C
20160930
99991231
No Change
HC-E
Quality
9440
HC-E1b
BHCB3187
FRY9C
20160930
99991231
No Change
HC-E
Quality
9440
HC-E1c
BHCB2389
FRY9C
20170331
99991231
No Change
HC-E
Quality
9440
HC-E1d
BHCBHK29
FRY9C
20170331
99991231
No Change
HC-E
Quality
9440
HC-E1e
BHCBJ474
FRY9C
20160930
99991231
No Change
HC-E
Quality
6048
HC-E2a
BHOD3189
FRY9C
20160930
99991231
No Change
HC-E
Quality
9450
HC-E2a
BHOD3189
FRY9C
20160930
99991231
No Change
HC-E
Quality
9450
HC-E2b
BHOD3187
September 2021
Edit Test
If HC-D6d is not equal to zero, then HC-DM1d should not equal
zero.
If HC-D6a1 is not equal to zero, then HC-DM1a1 should not equal
zero.
If HC-D6a2 is not equal to zero, then HC-DM1a2 should not equal
zero.
If HC-D6c is not equal to zero, then HC-DM1c should not equal
zero.
If financial data is not equal to null or zero, then text data should
not be null.
If text data is not equal to null, then financial data should not
equal null or zero.
If financial data is not equal to null or zero, then text data should
not be null.
If text data is not equal to null, then financial data should not
equal null or zero.
HC-D9 should be greater than or equal to the sum of HC-DM7a,
HC-DM7b, and HC-DM9a2 through HC-DM9b3.
If financial data is not equal to null or zero, then text data should
not be null.
If text data is not equal to null, then financial data should not
equal null or zero.
If financial data is not equal to null or zero, then text data should
not be null.
If text data is not equal to null, then financial data should not
equal null or zero.
If financial data is not equal to null or zero, then text data should
not be null.
If text data is not equal to null, then financial data should not
equal null or zero.
HC-D13b should be greater than or equal to the sum of HC-DM10a
through HC-DM10c.
If financial data is not equal to null or zero, then text data should
not be null.
If text data is not equal to null, then financial data should not
equal null or zero.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E1a should
not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E1b should
not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E1c should
not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E1d should
not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E1e should
not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of HC-E1a
and HC-E2a must be less than or equal to HC-13a1.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E2a should
not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E2b should
not be negative.
Alg Edit Test
if bhckf618 ne 0 then bhckf636 ne 0
if bhckht63 ne 0 then bhckht66 ne 0
if bhckht64 ne 0 then bhckht67 ne 0
if bhckht65 ne 0 then bhckht68 ne 0
if bhckf655 ne null and bhckf655 ne 0 then bhtxf655 ne null
if bhtxf655 ne null then bhckf655 ne null and bhckf655 ne 0
if bhckf656 ne null and bhckf656 ne 0 then bhtxf656 ne null
if bhtxf656 ne null then bhckf656 ne null and bhckf656 ne 0
bhcm3541 ge (bhckf652 + bhckf653 + bhckg213 + bhckf655 +
bhckf656 + bhckf657)
if bhckf657 ne null and bhckf657 ne 0 then bhtxf657 ne null
if bhtxf657 ne null then bhckf657 ne null and bhckf657 ne 0
if bhckf658 ne null and bhckf658 ne 0 then bhtxf658 ne null
if bhtxf658 ne null then bhckf658 ne null and bhckf658 ne 0
if bhckf659 ne null and bhckf659 ne 0 then bhtxf659 ne null
if bhtxf659 ne null then bhckf659 ne null and bhckf659 ne 0
bhckf624 ge (bhckf658 + bhckf659 + bhckf660)
if bhckf660 ne null and bhckf660 ne 0 then bhtxf660 ne null
if bhtxf660 ne null then bhckf660 ne null and bhckf660 ne 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhcb2210
ne null and bhcb2210 ge 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhcb3187
ne null and bhcb3187 ge 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhcb2389
ne null and bhcb2389 ge 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhcbhk29 ne
null and bhcbhk29 ge 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhcbj474 ne
null and bhcbj474 ge 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhcb2210 +
bhod3189) le bhdm6631
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhod3189
ge 0 or bhod3189 eq null
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhod3187
ge 0 or bhod3187 eq null
FR Y-9C: EDIT-34 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20160930
99991231
No Change
HC-E
Quality
9450
HC-E2c
BHOD2389
FRY9C
20170331
99991231
No Change
HC-E
Quality
9450
HC-E2d
BHODHK29
FRY9C
20170331
99991231
No Change
HC-E
Quality
6050
HC-E2e
BHODJ474
FRY9C
20170331
99991231
No Change
HC-E
Quality
9450
HC-E2e
BHODJ474
FRY9C
20170331
99991231
No Change
HC-E
Quality
9460
HC-EM1
BHDMHK06
FRY9C
20210930
99991231
Revised
HC-E
Quality
6075
HC-EM2
BHDMHK31
FRY9C
20170331
99991231
No Change
HC-E
Quality
9460
HC-EM2
BHDMHK31
FRY9C
20170331
99991231
No Change
HC-E
Quality
6080
HC-EM3
BHDMHK32
FRY9C
20170331
99991231
No Change
HC-E
Quality
9460
HC-EM3
BHDMHK32
FRY9C
20160930
99991231
No Change
HC-E
Quality
6090
HC-EM4
BHFNA245
FRY9C
20160930
99991231
No Change
HC-E
Quality
9460
HC-EM4
BHFNA245
FRY9C
20150331
99991231
No Change
HC-F
Intraseries 6100
HC-F1
BHCKB556
FRY9C
FRY9C
FRY9C
20150331
20150331
20180630
99991231
99991231
99991231
No Change
No Change
No Change
HC-F
HC-F
HC-F
Quality
Quality
Quality
9460
9460
9460
HC-F1
HC-F2
HC-F3
BHCKB556
BHCK2148
BHCKHT80
FRY9C
20150331
99991231
No Change
HC-F
Intraseries 6130
HC-F4
BHCK1752
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
No Change
HC-F
HC-F
HC-F
HC-F
HC-F
Quality
Quality
Quality
Quality
Quality
HC-F4
HC-F5a
HC-F5b
HC-F5c
HC-F6
BHCK1752
BHCKK201
BHCKK202
BHCKK270
BHCK2168
FRY9C
20150331
99991231
No Change
HC-G
Intraseries 6145
HC-G2
BHCK3049
FRY9C
20150331
99991231
No Change
HC-G
Intraseries 6150
HC-G3
BHCKB557
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-G
HC-H
Quality
Quality
1012
6160
HC-G4
HC-H1
BHCKB984
BHCK3197
FRY9C
20160930
99991231
No Change
HC-H
Quality
6165
HC-H2
BHCK3296
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
HC-I
HC-I
HC-I
HC-I
Quality
Quality
Quality
Quality
9460
9460
6178
9468
HC-I(I)3
HC-I(I)4
HC-I(I)5
HC-I(II)2
BHCKB990
BHCKB991
BHCKC245
BHCKB992
September 2021
9460
9460
9460
9460
9460
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E2c should
not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E2d should
not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of HC-E1b
through HC-E1e plus the sum of HC-E2b through HC-E2e should be
greater than or equal to HC-13a2.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E2e should
not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-EM1 should
not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of HCEM1 and HC-EM2 should be less than or equal to the sum of HCE1b, HC-E1c, HC-E1d, HC-E2b, HC-E2c and HC-E2d.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-EM2 should
not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if HC-EM3 is
greater than zero, then HC-EM3 should be greater than or equal
to $250k.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-EM3 should
not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, If the sum of
HC-13b1 and HC-13b2 is greater than zero, then HC-EM4 should
be greater than zero.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-EM4 should
not be null and should not be negative.
If HC-F1 (previous) is greater than zero, then HC-F1 (current)
should be greater than zero.
HC-F1 should not be null and should not be negative.
HC-F2 should not be null and should not be negative.
HC-F3 should not be null and should not be negative.
If HC-F4 (previous) is greater than or equal to $100K, then HC-F4
(current) should be greater than zero.
HC-F4 should not be null and should not be negative.
HC-F5a should not be null and should not be negative.
HC-F5b should not be null and should not be negative.
HC-F5c should not be null and should not be negative.
HC-F6 should not be null and should not be negative.
If HC-F2 (previous) is equal to zero or HC-G2 (previous) is equal to
zero, then HC-F2 (current) should equal zero or HC-G2 (current)
should equal zero.
If HC-G3 (previous) is greater than zero, then HC-G3 (current)
should be greater than zero.
HC-P7c should be less than or equal to HC-G4.
HC-H1 should be greater than zero.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-H2 should
be less than or equal to the sum of HC-13a2 and HC-13b2.
HC-I(I)3 should not be null and should not be negative.
HC-I(I)4 should not be null and should not be negative.
HC-I(I)5 should be less than or equal to HC-I(I)2.
HC-I(II)2 should not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhod2389
ge 0 or bhod2389 eq null
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhodhk29
ge 0 or bhodhk29 eq null
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhcb3187 +
bhcb2389 + bhcbhk29 + bhcbj474) + (bhod3187 + bhod2389 +
bhodhk29 + bhodj474) ge bhdm6636
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhodj474 ge
0 or bhodj474 eq null
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhdmhk06
ne null and bhdmhk06 ge 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhdmhk06
+ bhdmhk31) le (bhcb3187 + bhcb2389 + bhcbhk29 + bhod3187
+ bhod2389 + bhodhk29)
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhdmhk31
ne null and bhdmhk31 ge 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if bhdmhk32
gt 0 then bhdmhk32 ge 250
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhdmhk32
ne null and bhdmhk32 ge 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (bhfn6631
+ bhfn6636) gt 0 then bhfna245 gt 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhfna245 ne
null and bhfna245 ge 0
if bhckb556-q2 gt 0 then bhckb556-q1 gt 0
bhckb556 ne null and bhckb556 ge 0
bhck2148 ne null and bhck2148 ge 0
bhckht80 ne null and bhckht80 ge 0
if bhck1752-q2 ge 100 then bhck1752-q1 gt 0
bhck1752 ne null and bhck1752 ge 0
bhckk201 ne null and bhckk201 ge 0
bhckk202 ne null and bhckk202 ge 0
bhckk270 ne null and bhckk270 ge 0
bhck2168 ne null and bhck2168 ge 0
if (bhck2148-q2 eq 0 or bhck3049-q2 eq 0) then (bhck2148-q1
eq 0 or bhck3049-q1 eq 0)
if bhckb557-q2 gt 0 then bhckb557-q1 gt 0
bhckm288 le bhckb984
bhck3197 gt 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck3296 le
(bhdm6636 + bhfn6636)
bhckb990 ne null and bhckb990 ge 0
bhckb991 ne null and bhckb991 ge 0
bhckc245 le bhckc244
bhckb992 ne null and bhckb992 ge 0
FR Y-9C: EDIT-35 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20150331
99991231
No Change
6179
HC-I(II)3
BHCKC248
HC-I
Quality
FRY9C
20200630
99991231
No Change
HC-I
Quality
6180
HC-I(II)3
BHCKC248
FRY9C
20200630
99991231
No Change
HC-I
Quality
6181
HC-I(II)3
BHCKC248
FRY9C
20150331
99991231
No Change
HC-I
Quality
6182
HC-I(II)3
BHCKC248
FRY9C
20150331
99991231
No Change
HC-I
Quality
9468
HC-I(II)4
BHCKB994
FRY9C
20150331
99991231
No Change
HC-I
Quality
6183
HC-I(II)5
BHCKB996
FRY9C
20150331
99991231
No Change
HC-I
Quality
9468
HC-I(II)5
BHCKB996
FRY9C
20150331
99991231
No Change
HC-I
Quality
6187
HC-I(II)6
BHCKC249
FRY9C
20200630
99991231
No Change
HC-I
Quality
6188
HC-I(II)6
BHCKC249
FRY9C
20150331
99991231
No Change
HC-I
Quality
6189
HC-I(II)6
BHCKC249
FRY9C
20150331
99991231
No Change
HC-I
Quality
6190
HC-I(II)6
BHCKC249
FRY9C
20200630
99991231
No Change
HC-I
Quality
6191
HC-I(II)7
BHCKC250
FRY9C
20150331
99991231
No Change
HC-I
Quality
6193
HC-I(II)7
BHCKC250
FRY9C
20150331
99991231
No Change
HC-I
Quality
6197
HC-I(II)7
BHCKC250
FRY9C
20150331
99991231
No Change
HC-I
Quality
6199
HC-I(II)7
BHCKC250
FRY9C
20150331
99991231
No Change
HC-K
Intraseries 0520
HC-K1a
BHCKB558
FRY9C
20150331
99991231
No Change
HC-K
Quality
0520
HC-K1a
BHCKB558
FRY9C
20150331
99991231
No Change
HC-K
Quality
9480
HC-K1a
BHCKB558
FRY9C
20150331
99991231
No Change
HC-K
Intraseries 0521
HC-K1b
BHCKB559
September 2021
Edit Test
Alg Edit Test
If the sum of HC-I(I)6 and HC-I(II)7 is greater than zero, then the
sum of HC-I(I)2 and HC-I(II)3 should be greater than zero.
if (bhckc246 + bhckc250) gt 0 then (bhckc244 + bhckc248) gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and the sum of HI-5d4, HI-Mem12b1, and HI-Mem12b2 is greater
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
than zero, then the sum of HC-I(I)2 and HC-I(II)3 should be greater
ge 5000000)) and (bhckc386 + bhckc242 + bhckc243) gt 0 then
than zero.
(bhckc244 + bhckc248) gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and the sum of HI-Mem12b1 and HI-Mem12b2 is greater than
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
zero and equal to HI-5d5 (+/- 5%), then the sum of HC-I(I)2 and HC- ge 5000000)) and (bhckc242 + bhckc243) gt 0 and ((bhckc242 +
I(II)3 should be greater than zero.
bhckc243) le (bhckc387 * 1.05) and (bhckc242 + bhckc243) ge
(bhckc387 * 0.95)) then (bhckc244 + bhckc248) gt 0
If HI-Mem12c is greater than zero, then the sum of HC-I(I)2 and
if bhckb983 gt 0 then (bhckc244 + bhckc248) gt 0
HC-I(II)3 should be greater than zero.
HC-I(II)4 should not be null and should not be negative.
bhckb994 ne null and bhckb994 ge 0
If HC-I(II)2 is greater than zero, then HC-I(II)2 should equal HCif (bhckb992 gt 0) then bhckb992 ge (bhckb996 *.95) and
I(II)5. (- 5%)
bhckb992 le bhckb996
HC-I(II)5 should not be null and should not be negative.
bhckb996 ne null and bhckb996 ge 0
If the sum of HC-I(I)6 and HC-I(II)7 is greater than zero, then the
if (bhckc246 + bhckc250) gt 0 then (bhckc245 + bhckc249) gt 0
sum of HC-I(I)5 and HC-I(II)6 should be greater than zero.
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and the sum of HI-5d4, HI-Mem12b1 and HI-Mem12b2 is greater
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
than zero, then the sum of HC-I(I)5 and HC-I(II)6 should be greater
ge 5000000)) and (bhckc386 + bhckc242 + bhckc243) gt 0 then
than zero.
(bhckc245 + bhckc249) gt 0
HC-I(II)6 should be less than or equal to HC-I(II)3.
bhckc249 le bhckc248
If HI-Mem12c is greater than zero, then the sum of HC-I(I)5 and
if bhckb983 gt 0 then (bhckc245 + bhckc249) gt 0
HC-I(II)6 should be greater than zero.
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and the sum of HI-5d4, HI-Mem12b1, and HI-Mem12b2 is greater bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
than zero, then the sum of HC-I(I)6 and HC-I(II)7 should not equal ge 5000000)) and (bhckc386 + bhckc242 + bhckc243) gt 0 then
zero or null.
((bhckc246 + bhckc250 ne 0) and bhckc246 ne null AND
bhckc250 ne null)
If HI-Mem12c is greater than zero, then the sum HC-I(I)6 and HCif (bhckb983 gt 0) then (bhckc246 + bhckc250) ne 0 or null
I(II)7 should not equal zero or null.
If the sum of HC-I(I)2, HC-I(I)5, HC-I(II)3, and HC-I(II)6 is greater
if (bhckc244 + bhckc245 + bhckc248 + bhckc249) gt 100 then
than $100k, then the sum of HC-I(I)6 and HC-I(II)7 should not
(bhckc246 + bhckc250) ne 0 or null
equal zero or null.
If HC-I(I)6 and HC-I(II)7 are not equal to zero, then the sum of HC- if ((bhckc246 + bhckc250) ne 0) then (bhckc246 + bhckc250) lt
I(I)6 and HC-I(II)7 should be less than HI-14.
bhck4340
For June, September, and December, if HI-1d1 (current) minus HIif (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
1d1 (previous) is greater than $30K, then HC-K1a (current) should
(bhckb488-q1 - bhckb488-q2) gt 30 then bhckb558-q1 gt 0
be greater than zero.
For March, if HI-1d1 is greater than $30K, then HC-K1a should be
if (mm-q1 eq 03) and bhckb488 gt 30 then bhckb558 gt 0
greater than zero.
HC-K1a should not be null and should not be negative.
bhckb558 ne null and bhckb558 ge 0
For June, September, and December, if HI-1d2 (current) minus HIif (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
1d2 (previous) is greater than $100K, then HC-K1b (current)
(bhckb489-q1 - bhckb489-q2) gt 100 then bhckb559-q1 gt 0
should be greater than zero.
FR Y-9C: EDIT-36 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20150331
99991231
No Change
HC-K
Quality
0521
HC-K1b
BHCKB559
FRY9C
20150331
99991231
No Change
HC-K
Quality
9480
HC-K1b
BHCKB559
FRY9C
20150331
99991231
No Change
HC-K
Intraseries 0522
HC-K1c
BHCKB560
FRY9C
20191231
99991231
No Change
HC-K
Quality
0522
HC-K1c
BHCKB560
FRY9C
20150331
99991231
No Change
HC-K
Quality
9480
HC-K1c
BHCKB560
FRY9C
20160930
99991231
No Change
HC-K
Intraseries 0523
HC-K2
BHCK3365
FRY9C
20160930
99991231
No Change
HC-K
Quality
0523
HC-K2
BHCK3365
FRY9C
20160930
99991231
No Change
HC-K
Quality
9480
HC-K2
BHCK3365
FRY9C
20150331
99991231
No Change
HC-K
Quality
0394
HC-K3a
BHDM3516
FRY9C
20150331
99991231
No Change
HC-K
Quality
6220
HC-K3a
BHDM3516
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
No Change
No Change
HC-K
HC-K
HC-K
HC-K
HC-K
HC-K
Quality
Quality
Quality
Quality
Quality
Quality
9480
9480
9480
9480
9480
9480
HC-K3a1
HC-K3a2
HC-K3a3
HC-K3a4
HC-K3a5a
HC-K3a5b
BHDM3465
BHDM3466
BHDM3386
BHDM3387
BHDMB561
BHDMB562
FRY9C
20150331
99991231
No Change
HC-K
Intraseries 0524
HC-K3b
BHFN3360
FRY9C
20150331
99991231
No Change
HC-K
Quality
0524
HC-K3b
BHFN3360
FRY9C
20150331
99991231
No Change
HC-K
Quality
6230
HC-K4b
BHCKB985
FRY9C
20150331
99991231
No Change
HC-K
Quality
9480
HC-K4b
BHCKB985
FRY9C
20150331
99991231
No Change
HC-K
Intraseries 0526
HC-K5
BHCK3368
FRY9C
20150331
99991231
No Change
HC-K
Quality
HC-K5
BHCK3368
6240
FRY9C
20170331
99991231
No Change
HC-K
Intraseries 0527
HC-K6
BHCK3517
FRY9C
20170331
99991231
No Change
HC-K
Quality
0527
HC-K6
BHCK3517
FRY9C
20160930
99991231
No Change
HC-K
Quality
6256
HC-K6
BHCK3517
September 2021
Edit Test
For March, if HI-1d2 is greater than $100K, then HC-K1b should be
greater than zero.
HC-K1b should not be null and should not be negative.
For June, September, and December, if HI-1d3 (current) minus HI1d3 (previous) is greater than $75K, then HC-K1c (current) should
be greater than zero.
For March, if HI-1d3 is greater than $75K, then HC-K1c should be
greater than zero.
HC-K1c should not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June,
September, and December, if HI-1f (current) minus HI-1f
(previous) is greater than $50K, then HC-K2 (current) should be
greater than zero.
Alg Edit Test
if (mm-q1 eq 03) and bhckb489 gt 100 then bhckb559 gt 0
bhckb559 ne null and bhckb559 ge 0
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4060-q1 - bhck4060-q2) gt 75 then bhckb560-q1 gt 0
if (mm-q1 eq 03) and bhck4060 gt 75 then bhckb560 gt 0
bhckb560 ne null and bhckb560 ge 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1
eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4020-q1 bhck4020-q2) gt 50 then bhck3365-q1 gt 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For March, if HI- For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1
1f is greater than $50K, then HC-K2 should be greater than zero. eq 03) and bhck4020 gt 50 then bhck3365 gt 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-K2 should
not be null and should not be negative.
HC-K3a should be greater than or equal to the sum of HC-K3a1
and HC-K3a2.
If HC-C12B is greater than zero, then HC-K3a should be greater
than zero.
HC-K3a1 should not be null and should not be negative.
HC-K3a2 should not be null and should not be negative.
HC-K3a3 should not be null and should not be negative.
HC-K3a4 should not be null and should not be negative.
HC-K3a5a should not be null and should not be negative.
HC-K3a5b should not be null and should not be negative.
For June, September, and December, if HI-1a2 (current) minus HI1a2 (previous) is greater than $100K, then HC-K3b (current) should
be greater than zero.
For March, if HI-1a2 is greater than $100K, then HC-K3b should be
greater than zero.
If the sum of HC-1b1, HC-1b2, and HC-8 is greater than zero, then
HC-K4b should be greater than zero.
HC-K4b should not be null and should not be negative.
If HI-A9 (current) equals zero, and HC-12 (current) plus HC-12
(previous) is greater than zero then HC-K5 (current) should not be
equal to zero.
HC-K5 should not equal HC-12.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June,
September, and December, if the sum of HI-2a1a, HI-2a1b, and HI2a1c (current) minus the sum of HI-2a1a, HI-2a1b, and HI-2a1c
(previous) is greater than $50K, then HC-K6 (current) should be
greater than zero.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For March, if
the sum of HI-2a1a, HI-2a1b, and HI-2a1c is greater than $50K,
then HC-K6 should be greater than zero.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, If HC-K6 is
greater than $1M, then HC-K6 should not equal HC-13a2.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck3365 ne
null and bhck3365 ge 0
bhdm3516 ge (bhdm3465 + bhdm3466)
if bhdm2122 gt 0 then bhdm3516 gt 0
bhdm3465 ne null and bhdm3465 ge 0
bhdm3466 ne null and bhdm3466 ge 0
bhdm3386 ne null and bhdm3386 ge 0
bhdm3387 ne null and bhdm3387 ge 0
bhdmb561 ne null and bhdmb561 ge 0
bhdmb562 ne null and bhdmb562 ge 0
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck4059-q1 - bhck4059-q2) gt 100 then bhfn3360-q1 gt 0
if (mm-q1 eq 03) and bhck4059 gt 100 then bhfn3360 gt 0
if (bhck0395 + bhck0397 + bhck2130) gt 0 then bhckb985 gt 0
bhckb985 ne null and bhckb985 ge 0
if bhck4356-q1 eq 0 and (bhck2170-q1 + bhck2170-q2) gt 0 then
bhck3368-q1 ne 0
bhck3368 ne bhck2170
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1
eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and ((bhckhk03-q1 +
bhckhk04-q1 + bhck6761-q1) - (bhckhk03-q2 + bhckhk04-q2 +
bhck6761-q2)) gt 50 then bhck3517-q1 gt 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1
eq 03) and (bhckhk03 + bhckhk04 + bhck6761) gt 50 then
bhck3517 gt 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if bhck3517
gt 1000 then bhck3517 ne bhdm6636
FR Y-9C: EDIT-37 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20160930
99991231
No Change
HC-K
Quality
9480
HC-K6
BHCK3517
FRY9C
20160930
99991231
No Change
HC-K
Intraseries 0528
HC-K7
BHCK3404
FRY9C
20160930
99991231
No Change
HC-K
Quality
0528
HC-K7
BHCK3404
FRY9C
20160930
99991231
No Change
HC-K
Quality
6275
HC-K7
BHCK3404
FRY9C
20160930
99991231
No Change
HC-K
Quality
9480
HC-K7
BHCK3404
FRY9C
20160930
99991231
No Change
HC-K
Intraseries 0529
HC-K8
BHCK3353
FRY9C
20160930
99991231
No Change
HC-K
Quality
0529
HC-K8
BHCK3353
FRY9C
20160930
99991231
No Change
HC-K
Quality
9480
HC-K8
BHCK3353
FRY9C
20191231
99991231
No Change
HC-K
Intraseries 0530
HC-K9
BHCK2635
FRY9C
20191231
99991231
No Change
HC-K
Quality
0530
HC-K9
BHCK2635
FRY9C
20150331
99991231
No Change
HC-K
Quality
9480
HC-K9
BHCK2635
FRY9C
20150331
99991231
No Change
HC-K
Intraseries 0532
HC-K11
BHCK3519
FRY9C
20150331
99991231
No Change
HC-K
Quality
6293
HC-K11
BHCK3519
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
No Change
HC-L
HC-L
HC-L
HC-L
HC-L
Quality
Quality
Quality
Quality
Quality
6297
9480
9480
9480
9480
HC-L1a
HC-L1a
HC-L1c1
HC-L1c1a
HC-L1c1b
BHCK3814
BHCK3814
BHCK3816
BHCKF164
BHCKF165
FRY9C
20150331
99991231
No Change
HC-L
Quality
6299
HC-L1c2
BHCK6550
FRY9C
20150331
99991231
No Change
HC-L
Quality
9480
HC-L1c2
BHCK6550
FRY9C
20150331
99991231
No Change
HC-L
Intraseries 6300
HC-L1d
BHCK3817
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
No Change
No Change
No Change
HC-L
HC-L
HC-L
HC-L
HC-L
HC-L
HC-L
Quality
Quality
Quality
Quality
Quality
Quality
Quality
HC-L1e1
HC-L1e2
HC-L1e3
HC-L2
HC-L2
HC-L2a
HC-L3
BHCKJ457
BHCKJ458
BHCKJ459
BHCK6566
BHCK6566
BHCK3820
BHCK6570
September 2021
9480
9480
9480
6306
9480
9470
6309
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-K6 should
not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June,
September, and December, if HI-2a2 (current) minus HI-2a2
(previous) is greater than $20K, then HC-K7 (current) should be
greater than zero.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck3517 ne
null and bhck3517 ge 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1
eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4172-q1 bhck4172-q2) gt 20 then bhck3404-q1 gt 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For March, if HI- For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1
2a2 is greater than $20K, then HC-K7 should be greater than zero. eq 03) and bhck4172 gt 20 then bhck3404 gt 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, If HC-K7 is
greater than $1M, then HC-K7 should not equal HC-13b2.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-K7 should
not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June,
September, and December, if HI-2b (current) minus HI2b(previous) is greater than $50K, then HC-K8 (current) should be
greater than zero.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if bhck3404
gt 1000 then bhck3404 ne bhfn6636
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck3404 ne
null and bhck3404 ge 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1
eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4180-q1 bhck4180-q2) gt 50 then bhck3353-q1 gt 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For March, if HI- For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1
2b is greater than $50K, then HC-K8 should be greater than zero. eq 03) and bhck4180 gt 50 then bhck3353 gt 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-K8 should
not be null and should not be negative.
For June, September, and December, if previous year June HC-12
is greater than or equal to $5 billion and if HC-15 (current) equals
zero and HI-2c (current) minus HI-2c (previous) is greater than
$100K, then HC-K9 (current) should be greater than zero.
For March, if previous year June HC-12 is greater than or equal to
$5 billion and HC-15 equals zero and HI-2c is greater than $100K,
then HC-K9 should be greater than zero.
HC-K9 should not be null and should not be negative.
If HC-27a (current) is not equal to zero or HC-27a (previous) is not
equal to zero, then HC-K11 (current) should not be equal to zero.
Sum of HC-K6 through HC-K11 should be less than or equal to HCK5.
If HC-C1c1B equals zero, then HC-L1a should be less than $500K.
HC-L1a should not be null and should not be negative.
HC-L1c1 should not be null and should not be negative.
HC-L1c1a should not be null and should not be negative.
HC-L1c1b should not be null and should not be negative.
If HC-L1c2 is greater than $1M, then HC-CM2 should be greater
than zero.
HC-L1c2 should not be null and should not be negative.
If HC-L1d (previous) equals zero, then HC-L1d (current) should
equal zero.
HC-L1e1 should not be null and should not be negative.
HC-L1e2 should not be null and should not be negative.
HC-L1e3 should not be null and should not be negative.
If HC-L2 is greater than zero, then HC-L2a should not equal HC-L2.
HC-L2 should not be null and should not be negative.
HC-L2a should not be negative.
If HC-L3 is greater than zero, then HC-L3a should not equal HC-L3.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck3353 ne
null and bhck3353 ge 0
if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq
09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and
bhck2170-q7 ge 5000000)) and bhck3548-q1 eq 0 and
(bhck4185-q1 - bhck4185-q2) gt 100 then bhck2635-q1 gt 0
if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) and bhck3548
eq 0 and bhck4185 gt 100 then bhck2635 gt 0
bhck2635 ne null and bhck2635 ge 0
if (bhck3210-q1 ne 0 or bhck3210-q2 ne 0) then bhck3519-q1
ne 0
(bhck3517 + bhck3404 + bhck3353 + bhck2635 + bhck3519) le
bhck3368
if bhdm1797 eq 0 then bhck3814 lt 500
bhck3814 ne null and bhck3814 ge 0
bhck3816 ne null and bhck3816 ge 0
bhckf164 ne null and bhckf164 ge 0
bhckf165 ne null and bhckf165 ge 0
if bhck6550 gt 1000 then bhck2746 gt 0
bhck6550 ne null and bhck6550 ge 0
if bhck3817-q2 eq 0 then bhck3817-q1 eq 0
bhckj457 ne null and bhckj457 ge 0
bhckj458 ne null and bhckj458 ge 0
bhckj459 ne null and bhckj459 ge 0
if bhck6566 gt 0 then bhck3820 ne bhck6566
bhck6566 ne null and bhck6566 ge 0
bhck3820 ge 0 or bhck3820 eq null
if bhck6570 gt 0 then bhck3822 ne bhck6570
FR Y-9C: EDIT-38 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
99991231
99991231
99991231
Edit Change Schedule Edit Type
FRY9C
FRY9C
FRY9C
Effective Start
Date
20150331
20150331
20150331
No Change
No Change
No Change
HC-L
HC-L
HC-L
Quality
Quality
Quality
FRY9C
20190630
99991231
No Change
HC-L
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
FRY9C
20150331
FRY9C
FRY9C
FRY9C
HC-L3
HC-L3a
HC-L4
MDRM
Number
BHCK6570
BHCK3822
BHCK3411
Intraseries 6313
HC-L6a
BHCK3433
HC-L
Quality
HC-L6a
BHCK3433
No Change
HC-L
Intraseries 6316
HC-L7a4A
BHCKC974
99991231
No Change
HC-L
Intraseries 6317
HC-L7a4B
BHCKC975
20150331
99991231
No Change
HC-L
Intraseries 6319
HC-L8
BHCK8765
20150331
20150331
99991231
99991231
No Change
No Change
HC-L
HC-L
Quality
Quality
HC-L9
HC-L9
BHCK3430
BHCK3430
FRY9C
20150331
99991231
No Change
HC-L
Intraseries 6326
HC-L9a
BHCK3434
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-L
HC-L
HC-L
Quality
Quality
Quality
9480
9480
9480
HC-L6b
HC-L9a
HC-L9b
BHCK3432
BHCK3434
BHCK3435
FRY9C
20150331
99991231
No Change
HC-L
Quality
6330
HC-L9c
BHCK6561
FRY9C
20150331
99991231
No Change
HC-L
Quality
9480
HC-L9c
BHCK6561
FRY9C
20150331
99991231
No Change
HC-L
Quality
6331
HC-L9cTX
TEXT6561
FRY9C
20150331
99991231
No Change
HC-L
Quality
6332
HC-L9d
BHCK6562
FRY9C
20150331
99991231
No Change
HC-L
Quality
9480
HC-L9d
BHCK6562
FRY9C
20150331
99991231
No Change
HC-L
Quality
6333
HC-L9dTX
TEXT6562
FRY9C
20150331
99991231
No Change
HC-L
Quality
6334
HC-L9e
BHCK6568
FRY9C
20150331
99991231
No Change
HC-L
Quality
9480
HC-L9e
BHCK6568
FRY9C
20150331
99991231
No Change
HC-L
Quality
6335
HC-L9eTX
TEXT6568
FRY9C
20150331
99991231
No Change
HC-L
Quality
6336
HC-L9f
BHCK6586
FRY9C
20150331
99991231
No Change
HC-L
Quality
9480
HC-L9f
BHCK6586
FRY9C
20150331
99991231
No Change
HC-L
Quality
6337
HC-L9fTX
TEXT6586
September 2021
Edit
Number
9480
9470
9480
9480
6320
9480
TargetItem
Edit Test
Alg Edit Test
HC-L3 should not be null and should not be negative.
HC-L3a should not be negative.
HC-L4 should not be null and should not be negative.
If the sum of HC-BM1 (previous) and HC-L6a (previous) is less than
or equal to the sum of HC-2a (previous) and HC-2b (previous),
then the sum of HC-BM1 (current) and HC-L6a (current) should be
less than or equal to the sum of HC-2a (current) and HC-2b
(current).
HC-L6a should not be null and should not be negative.
bhck6570 ne null and bhck6570 ge 0
bhck3822 ge 0 or bhck3822 eq null
bhck3411 ne null and bhck3411 ge 0
if (bhck0416-q2 + bhck3433-q2) le (bhckjj34-q2 + bhck1773-q2)
then (bhck0416-q1 + bhck3433-q1) le (bhckjj34-q1 + bhck1773q1)
bhck3433 ne null and bhck3433 ge 0
if ((bhckc968-q2 + bhckc970-q2 + bhckc972-q2 + bhckc974-q2)
If the sum of HC-L7a1A through HC-L7a4A (previous) is greater
gt (bhckc969-q2 + bhckc971-q2 + bhckc973-q2 + bhckc975-q2))
than the sum of HC-L7a1B through HC-L7a4B (previous), then the
then ((bhckc968-q1 + bhckc970-q1 + bhckc972-q1 + bhckc974sum of HC-L7a1A through HC-L7a4A (current) should be greater
q1) gt (bhckc969-q1 + bhckc971-q1 + bhckc973-q1 + bhckc975than the sum of HC-L7a1B through HC-L7a4B (current).
q1))
if ((bhckc969-q2 + bhckc971-q2 + bhckc973-q2 + bhckc975-q2)
If the sum of HC-L7a1B through HC-L7a4B (previous) is greater
gt (bhckc968-q2 + bhckc970-q2 + bhckc972-q2 + bhckc974-q2))
than the sum of HC-L7a1A through HC-L7a4A (previous), then the
then ((bhckc969-q1 + bhckc971-q1 + bhckc973-q1 + bhckc975sum of HC-L7a1B through HC-L7a4B (current) should be greater
q1) gt (bhckc968-q1 + bhckc970-q1 + bhckc972-q1 + bhckc974than the sum of HC-L7a1A through HC-L7a4A (current).
q1))
If HC-L8 (previous) is greater than zero, then HC-L8 (current)
if bhck8765-q2 gt 0 then bhck8765-q1 gt 0
should be greater than zero.
HC-L9 divided by HC-12 should not exceed tolerance of 10%
(bhck3430/bhck2170) *100 le 10
HC-L9 should not be null and should not be negative.
bhck3430 ne null and bhck3430 ge 0
If the sum of HC-L9a (previous) through HC-L9f (previous) is
if (bhck3434-q2 + bhck3435-q2 + bhck6561-q2 + bhck6562-q2 +
greater than zero, and 25 percent of HC-27a (current) exceeds
bhck6568-q2 + bhck6586-q2) gt 0 and (bhck3210-q1 * .25) gt
$5M, then the sum of HC-L9a (current) through HC-L9f (current) 5000 then (bhck3434-q1 + bhck3435-q1 + bhck6561-q1 +
should be greater than zero.
bhck6562-q1 + bhck6568-q1 + bhck6586-q1) gt 0
HC-L6b should not be null and should not be negative.
bhck3432 ne null and bhck3432 ge 0
HC-L9a should not be null and should not be negative.
bhck3434 ne null and bhck3434 ge 0
HC-L9b should not be null and should not be negative.
bhck3435 ne null and bhck3435 ge 0
If financial data is not equal to null or zero, then text data should
if bhck6561 ne null and bhck6561 ne 0 then text6561 ne null
not be null.
HC-L9c should not be null and should not be negative.
bhck6561 ne null and bhck6561 ge 0
If text data is not equal to null, then financial data should not
if text6561 ne null then bhck6561 ne null and bhck6561 ne 0
equal null or zero.
If financial data is not equal to null or zero, then text data should
if bhck6562 ne null and bhck6562 ne 0 then text6562 ne null
not be null.
HC-L9d should not be null and should not be negative.
bhck6562 ne null and bhck6562 ge 0
If text data is not equal to null, then financial data should not
if text6562 ne null then bhck6562 ne null and bhck6562 ne 0
equal null or zero.
If financial data is not equal to null or zero, then text data should
if bhck6568 ne null and bhck6568 ne 0 then text6568 ne null
not be null.
HC-L9e should not be null and should not be negative.
bhck6568 ne null and bhck6568 ge 0
If text data is not equal to null, then financial data should not
if text6568 ne null then bhck6568 ne null and bhck6568 ne 0
equal null or zero.
If financial data is not equal to null or zero, then text data should
if bhck6586 ne null and bhck6586 ne 0 then text6586 ne null
not be null.
HC-L9f should not be null and should not be negative.
bhck6586 ne null and bhck6586 ge 0
If text data is not equal to null, then financial data should not
if text6586 ne null then bhck6586 ne null and bhck6586 ne 0
equal null or zero.
FR Y-9C: EDIT-39 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20180630
99991231
No Change
HC-L
Quality
6360
HC-L12D
BHCK8724
FRY9C
20150331
99991231
No Change
HC-M
Quality
6455
HC-M1
BHCK3459
FRY9C
20150331
99991231
No Change
HC-M
Quality
6465
HC-M1
BHCK3459
FRY9C
20150331
99991231
No Change
HC-M
Quality
9480
HC-M1
BHCK3459
FRY9C
20160930
99991231
No Change
HC-M
Quality
9480
HC-M2
BHCK6555
FRY9C
20160930
99991231
No Change
HC-M
Quality
9480
HC-M3
BHCK6556
FRY9C
20150331
99991231
No Change
HC-M
Quality
9480
HC-M4
BHCK6557
FRY9C
20150331
99991231
No Change
HC-M
Quality
6480
HC-M5
BHCKA288
FRY9C
20150331
99991231
No Change
HC-M
Quality
9480
HC-M5
BHCKA288
FRY9C
20180930
99991231
No Change
HC-M
Quality
9480
HC-M7a
BHCKK193
FRY9C
20180930
99991231
No Change
HC-M
Quality
9480
HC-M7b
BHCKK194
FRY9C
20150331
99991231
No Change
HC-M
Intraseries 6501
HC-M8
BHCKC251
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
HC-M
HC-M
HC-M
HC-M
Quality
Quality
Quality
Quality
9480
9480
6520
9480
HC-M8
HC-M9
HC-M12a
HC-M12a
BHCKC251
BHCK6689
BHCK3164
BHCK3164
FRY9C
20150331
99991231
No Change
HC-M
Quality
6530
HC-M12a1
BHCK6438
FRY9C
20150331
99991231
No Change
HC-M
Quality
6533
HC-M12a1
BHCK6438
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20180930
20180630
20150331
20150331
99991231
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
No Change
HC-M
HC-M
HC-M
HC-M
HC-M
Quality
Quality
Quality
Quality
Quality
9480
9490
9500
9500
9500
HC-M12a1
HC-M12c
HC-M12d
HC-M14a
HC-M14b
BHCK6438
BHCKJF76
BHCT2143
BHCK2309
BHCK2332
FRY9C
20150331
99991231
No Change
HC-M
Intraseries 6540
HC-M14c
BHCK2333
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-M
HC-M
Quality
Quality
9500
9500
HC-M14c
HC-M14d
BHCK2333
BHCT3190
FRY9C
20150331
99991231
No Change
HC-M
Quality
6547
HC-M15
BHCKB569
FRY9C
20150331
99991231
No Change
HC-M
Intraseries 6549
HC-M15
BHCKB569
FRY9C
20150331
99991231
No Change
HC-M
Intraseries 6550
HC-M15
BHCKB569
FRY9C
20150331
99991231
No Change
HC-M
Quality
9500
HC-M15
BHCKB569
FRY9C
20150331
99991231
No Change
HC-M
Intraseries 6555
HC-M16
BHCKB570
FRY9C
20150331
99991231
No Change
HC-M
Quality
HC-M16
BHCKB570
September 2021
9500
Edit Test
If the sum of HC-D11 and HC-D14 is greater than zero, then the
sum of HC-L12 (Columns A through D) should be greater than
zero.
(HC-24 multiplied by 1000) divided by HC-M1 should be less than
or equal to 100.
If HC-24 does not equal zero or null, then HC-M1 should be
greater than zero.
HC-M1 should not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-M2 should
not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-M3 should
not be null and should not be negative.
HC-M4 should not be null and should not be negative.
If HC-M5 is greater than zero, then HC-M5 should not equal HC-3b
or HC-14b.
HC-M5 should not be null and should not be negative.
For December, HC-M7a should not be null and should not be
negative.
For December, HC-M7b should not be null and should not be
negative.
For June, September, and December, if HC-M8 (previous) is equal
to 1 (yes), then HC-M8 (current) should equal 1 (yes) and HC-M8
should not equal null.
HC-M8 should not be null and should not be negative.
HC-M9 should not be null and should not be negative.
HC-M12a should be less than or equal to HC-M12a1. (+25K)
HC-M12a should not be null and should not be negative.
If HC-M12a is greater than zero, then HC-M12a1 should be greater
than zero.
If HC-M12a1 is greater than zero, then HC-M12a should be greater
than zero.
HC-M12a1 should not be null and should not be negative.
HC-M12c should not be null.
HC-M12d should not be null and should not be negative.
HC-M14a should not be null and should not be negative.
HC-M14b should not be null and should not be negative.
If HC-M14c (previous) is greater than zero then HC-16 (current)
should be greater than zero.
HC-M14c should not be null and should not be negative.
HC-M14d should not be null and should not be negative.
For March, if HI-Mem12a is greater than $10 thousand, then HCM15 should equal 1 (yes) and HC-M15 should not equal null.
For June, September and December, if HI-Mem12a (current previous) is greater than $10 thousand, then HC-M15 should equal
1 (yes) and HC-M15 should not equal null.
If HC-M15 (previous) equals 1 (yes) then HC-M15 (current) should
equal 1 (yes) and HC-M15 should not be null.
HC-M15 should not be null and should not be negative.
If HC-M16 (previous) is greater than zero, then HC-M16 (current)
should be greater than zero.
HC-M16 should not be null and should not be negative.
Alg Edit Test
if ((bhcm3543 + bhck3547) gt 0) then ((bhcka126 + bhcka127 +
bhck8723 + bhck8724) gt 0)
if bhck3459 ne 0 then (bhck3230 * 1000) / bhck3459 le 100
if (bhck3230 ne 0 and bhck3230 ne null) then bhck3459 gt 0
bhck3459 ne null and bhck3459 ge 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck6555 ne
null and bhck6555 ge 0
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck6556 ne
null and bhck6556 ge 0
bhck6557 ne null and bhck6557 ge 0
if bhcka288 gt 0 then ((bhcka288 ne bhckb989) and (bhcka288
ne bhckb995))
bhcka288 ne null and bhcka288 ge 0
if (mm-q1 eq 12) then bhckk193 ne null and bhckk193 ge 0
if (mm-q1 eq 12) then bhckk194 ne null and bhckk194 ge 0
if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhckc251-q2 eq 1)) then bhckc251-q1 eq 1 and bhckc251 ne
null
bhckc251 ne null and bhckc251 ge 0
bhck6689 ne null and bhck6689 ge 0
bhck3164 le (bhck6438 + 25)
bhck3164 ne null and bhck3164 ge 0
if bhck3164 gt 0 then bhck6438 gt 0
if bhck6438 gt 0 then bhck3164 gt 0
bhck6438 ne null and bhck6438 ge 0
bhckjf76 ne null
bhct2143 ne null and bhct2143 ge 0
bhck2309 ne null and bhck2309 ge 0
bhck2332 ne null and bhck2332 ge 0
if bhck2333-q2 gt 0 then bhck3190-q1 gt 0
bhck2333 ne null and bhck2333 ge 0
bhct3190 ne null and bhct3190 ge 0
if (mm-q1 eq 03 and bhck8431 gt 10) then bhckb569 eq 1 and
bhckb569 ne null
if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhck8431-q1 - bhck8431-q2) gt 10) then bhckb569 eq 1 and
bhckb569 ne null
if (bhckb569-q2 eq 1) then( bhckb569-q1 eq 1) and bhckb569
ne null
bhckb569 ne null and bhckb569 ge 0
if (bhckb570-q2 gt 0) then (bhckb570-q1 gt 0)
bhckb570 ne null and bhckb570 ge 0
FR Y-9C: EDIT-40 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
99991231
99991231
99991231
99991231
99991231
99991231
Edit Change Schedule Edit Type
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
Effective Start
Date
20150331
20150331
20150331
20150331
20150331
20150331
TargetItem
Quality
Quality
Quality
Quality
Quality
Quality
Edit
Number
9510
9510
9510
9510
9510
9510
HC-M17
HC-M18
HC-M19a
HC-M19b
HC-M20a
HC-M20b1
MDRM
Number
BHCKC161
BHCKC159
BHCKC700
BHCKC701
BHCKC252
BHCK4832
No Change
No Change
No Change
No Change
No Change
No Change
HC-M
HC-M
HC-M
HC-M
HC-M
HC-M
FRY9C
20160930
99991231
No Change
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-M
Quality
9510
HC-M20b2
BHCK4833
HC-M
HC-M
Quality
Quality
9510
9510
HC-M20b3
HC-M20c1
BHCK4834
BHCK5041
FRY9C
20160930
99991231
No Change
HC-M
Quality
9510
HC-M20c2
BHCK5043
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-M
HC-M
HC-M
Quality
Quality
Quality
9510
9510
9510
HC-M20c3
HC-M20d
HC-M21
BHCK5045
BHCK5047
BHCKC253
FRY9C
20160930
99991231
No Change
HC-M
Quality
6562
HC-M23a
BHCKF064
FRY9C
20160930
99991231
No Change
HC-M
Quality
9520
HC-M23a
BHCKF064
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
HC-M
HC-M
HC-M
HC-M
Quality
Quality
Quality
Quality
6564
9520
9520
9520
HC-M23b
HC-M23b
HC-M24a
HC-M24b
BHCKF065
BHCKF065
BHCKG234
BHCKG235
FRY9C
20200630
99991231
No Change
HC-M
Quality
9521
HC-M25a
BHCKLG26
FRY9C
20200630
99991231
No Change
HC-M
Quality
9522
HC-M25b
BHCKLG27
FRY9C
FRY9C
20200630
20150331
99991231
99991231
No Change
No Change
HC-M
HC-N
Quality
Quality
9523
9520
HC-M25c
HC-N1a1A
BHCKLG28
BHCKF172
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 6570
HC-N1a1B
BHCKF174
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-N
HC-N
HC-N
Quality
Quality
Quality
9520
9520
9520
HC-N1a1B
HC-N1a1C
HC-N1a2A
BHCKF174
BHCKF176
BHCKF173
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 0138
HC-N1a2B
BHCKF175
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-N
HC-N
HC-N
Quality
Quality
Quality
HC-N1a2B
HC-N1a2C
HC-N1bA
BHCKF175
BHCKF177
BHCK3493
September 2021
9520
9520
9520
Edit Test
Alg Edit Test
HC-M17 should not be negative.
HC-M18 should not be negative.
HC-M19a should not be negative.
HC-M19b should not be negative.
HC-M20a should not be negative.
HC-M20b1 should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-M20b2
should not be negative.
HC-M20b3 should not be negative.
HC-M20c1 should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-M20c2
should not be negative.
HC-M20c3 should not be negative.
HC-M20d should not be negative.
HC-M21 should not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-M23a
should be less than or equal to HC-14a.
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-M23a
should not be null and should not be negative.
HC-M23b should be less than or equal to HC-M14d.
HC-M23b should not be null and should not be negative.
HC-M24a should not be null and should not be negative.
HC-M24b should not be null and should not be negative.
If HC-M25a is greater than zero, then HC-M25b should be greater
than zero
if HC-C4b is greater than zero, then HC-M25b should be less than
HC-C4B
HC-M25c should be less than or equal to HC-M25b
HC-N1a1A should not be null and should not be negative.
If HC-N1a1A (previous) is greater than zero and HC-N1a1B
(previous) is greater than zero and the sum of HC-N1a1A
(previous) and HC-N1a1B (previous) is greater than $1 million and
HC-C1a1B (current) is greater than zero, then the sum of HCN1a1A (current) and HC-N1a1B (current) should be greater than
zero.
HC-N1a1B should not be null and should not be negative.
HC-N1a1C should not be null and should not be negative.
HC-N1a2A should not be null and should not be negative.
If HC-N1a2A (previous) is greater than zero and HC-N1a2B
(previous) is greater than zero and the sum of HC-N1a2A
(previous) and HC-N1a2B (previous) is greater than $1 million and
HC-C1a2B (current) is greater than zero, then the sum of HCN1a2A (current) and HC-N1a2B (current) should be greater than
zero.
HC-N1a2B should not be null and should not be negative.
HC-N1a2C should not be null and should not be negative.
HC-N1bA should not be null and should not be negative.
bhckc161 ge 0 or bhckc161 eq null
bhckc159 ge 0 or bhckc159 eq null
bhckc700 ge 0 or bhckc700 eq null
bhckc701 ge 0 or bhckc701 eq null
bhckc252 ge 0 or bhckc252 eq null
bhck4832 ge 0 or bhck4832 eq null
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck4833 ge
0 or bhck4833 eq null
bhck4834 ge 0 or bhck4834 eq null
bhck5041 ge 0 or bhck5041 eq null
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck5043
ge 0 or bhck5043 eq null
bhck5045 ge 0 or bhck5045 eq null
bhck5047 ge 0 or bhck5047 eq null
bhckc253 ge 0 or bhckc253 eq null
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhckf064 le
bhdmb993
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhckf064 ne
null and bhckf064 ge 0
bhckf065 le bhct3190
bhckf065 ne null and bhckf065 ge 0
bhckg234 ne null and bhckg234 ge 0
bhckg235 ne null and bhckg235 ge 0
if bhcklg26 gt 0, then bhcklg27 gt0
if bhdm1766 gt 0, bhcklg27 lt bhdm1766
bhcklg28 le bhcklg27
bhckf172 ne null and bhckf172 ge 0
if (bhckf172-q2 gt 0) and (bhckf174-q2 gt 0) and ((bhckf172-q2
+ bhckf174-q2) gt 1000) and (bhckf158-q1 gt 0) then ((bhckf172q1 + bhckf174-q1) gt 0)
bhckf174 ne null and bhckf174 ge 0
bhckf176 ne null and bhckf176 ge 0
bhckf173 ne null and bhckf173 ge 0
if (bhckf173-q2 gt 0) and (bhckf175-q2 gt 0) and ((bhckf173-q2
+ bhckf175-q2) gt 1000) and (bhckf159-q1 gt 0) then ((bhckf173q1 + bhckf175-q1) gt 0)
bhckf175 ne null and bhckf175 ge 0
bhckf177 ne null and bhckf177 ge 0
bhck3493 ne null and bhck3493 ge 0
FR Y-9C: EDIT-41 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 6575
HC-N1bB
BHCK3494
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-N
HC-N
HC-N
Quality
Quality
Quality
9520
9520
9520
HC-N1bB
HC-N1bC
HC-N1c1A
BHCK3494
BHCK3495
BHCK5398
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 6580
HC-N1c1B
BHCK5399
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-N
HC-N
HC-N
Quality
Quality
Quality
9520
9520
9520
HC-N1c1B
HC-N1c1C
HC-N1c2aA
BHCK5399
BHCK5400
BHCKC236
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 6585
HC-N1c2aB
BHCKC237
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-N
HC-N
HC-N
Quality
Quality
Quality
9520
9520
9520
HC-N1c2aB
HC-N1c2aC
HC-N1c2bA
BHCKC237
BHCKC229
BHCKC238
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 6590
HC-N1c2bB
BHCKC239
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-N
HC-N
HC-N
Quality
Quality
Quality
HC-N1c2bB
HC-N1c2bC
HC-N1dA
BHCKC239
BHCKC230
BHCK3499
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 6595
HC-N1dB
BHCK3500
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-N
HC-N
HC-N
Quality
Quality
Quality
9520
9520
9520
HC-N1dB
HC-N1dC
HC-N1e1A
BHCK3500
BHCK3501
BHCKF178
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 6600
HC-N1e1B
BHCKF180
FRY9C
20150331
99991231
No Change
HC-N
Quality
HC-N1e1B
BHCKF180
September 2021
9520
9520
9520
9520
Edit Test
If HC-N1bA (previous) is greater than zero and HC-N1bB (previous)
is greater than zero and the sum of HC-N1bA (previous) and HCN1bB (previous) is greater than $1 million and HC-C1bB (current)
is greater than zero, then the sum of HC-N1bA (current) and HCN1bB (current) should be greater than zero.
HC-N1bB should not be null and should not be negative.
HC-N1bC should not be null and should not be negative.
HC-N1c1A should not be null and should not be negative.
If HC-N1c1A (previous) is greater than zero and HC-N1c1B
(previous) is greater than zero and the sum of HC-N1c1A
(previous) and HC-N1c1B (previous) is greater than $1 million and
HC-C1c1B (current) is greater than zero, then the sum of HCN1c1A (current) and HC-N1c1B (current) should be greater than
zero.
HC-N1c1B should not be null and should not be negative.
HC-N1c1C should not be null and should not be negative.
HC-N1c2aA should not be null and should not be negative.
If HC-N1c2aA (previous) is greater than zero and HC-N1c2aB
(previous) is greater than zero and the sum of HC-N1c2aA
(previous) and HC-N1c2aB (previous) is greater than $1 million
and HC-C1c2aB (current) is greater than zero, then the sum of HCN1c2aA (current) and HC-N1c2aB (current) should be greater than
zero.
HC-N1c2aB should not be null and should not be negative.
HC-N1c2aC should not be null and should not be negative.
HC-N1c2bA should not be null and should not be negative.
If HC-N1c2bA (previous) is greater than zero and HC-N1c2bB
(previous) is greater than zero and the sum of HC-N1c2bA
(previous) and HC-N1c2bB (previous) is greater than $1 million
and HC-C1c2bB (current) is greater than zero, then the sum of HCN1c2bA (current) and HC-N1c2bB (current) should be greater than
zero.
HC-N1c2bB should not be null and should not be negative.
HC-N1c2bC should not be null and should not be negative.
HC-N1dA should not be null and should not be negative.
If HC-N1dA (previous) is greater than zero and HC-N1dB (previous)
is greater than zero and the sum of HC-N1dA (previous) and HCN1dB (previous) is greater than $1 million and HC-C1dB (current)
is greater than zero, then the sum of HC-N1dA (current) and HCN1dB (current) should be greater than zero.
HC-N1dB should not be null and should not be negative.
HC-N1dC should not be null and should not be negative.
HC-N1e1A should not be null and should not be negative.
If HC-N1e1A (previous) is greater than zero and HC-N1e1B
(previous) is greater than zero and the sum of HC-N1e1A
(previous) and HC-N1e1B (previous) is greater than $1 million and
HC-C1e1B (current) is greater than zero, then the sum of HCN1e1A (current) and HC-N1e1B (current) should be greater than
zero.
HC-N1e1B should not be null and should not be negative.
Alg Edit Test
if (bhck3493-q2 gt 0) and (bhck3494-q2 gt 0) and ((bhck3493-q2
+ bhck3494-q2) gt 1000) and (bhdm1420-q1 gt 0) then
((bhck3493-q1 + bhck3494-q1) gt 0)
bhck3494 ne null and bhck3494 ge 0
bhck3495 ne null and bhck3495 ge 0
bhck5398 ne null and bhck5398 ge 0
if (bhck5398-q2 gt 0) and (bhck5399-q2 gt 0) and ((bhck5398-q2
+ bhck5399-q2) gt 1000) and (bhdm1797-q1 gt 0) then
((bhck5398-q1 + bhck5399-q1) gt 0)
bhck5399 ne null and bhck5399 ge 0
bhck5400 ne null and bhck5400 ge 0
bhckc236 ne null and bhckc236 ge 0
if (bhckc236-q2 gt 0) and (bhckc237-q2 gt 0) and ((bhckc236-q2
+ bhckc237-q2) gt 1000) and (bhdm5367-q1 gt 0) then
((bhckc236-q1 + bhckc237-q1) gt 0)
bhckc237 ne null and bhckc237 ge 0
bhckc229 ne null and bhckc229 ge 0
bhckc238 ne null and bhckc238 ge 0
if (bhckc238-q2 gt 0) and (bhckc239-q2 gt 0) and ((bhckc238-q2
+ bhckc239-q2) gt 1000) and (bhdm5368-q1 gt 0) then
((bhckc238-q1 + bhckc239-q1) gt 0)
bhckc239 ne null and bhckc239 ge 0
bhckc230 ne null and bhckc230 ge 0
bhck3499 ne null and bhck3499 ge 0
if (bhck3499-q2 gt 0) and (bhck3500-q2 gt 0) and ((bhck3499-q2
+ bhck3500-q2) gt 1000) and (bhdm1460-q1 gt 0) then
((bhck3499-q1 + bhck3500-q1) gt 0)
bhck3500 ne null and bhck3500 ge 0
bhck3501 ne null and bhck3501 ge 0
bhckf178 ne null and bhckf178 ge 0
if (bhckf178-q2 gt 0) and (bhckf180-q2 gt 0) and ((bhckf178-q2
+ bhckf180-q2) gt 1000) and (bhckf160-q1 gt 0) then ((bhckf178q1 + bhckf180-q1) gt 0)
bhckf180 ne null and bhckf180 ge 0
FR Y-9C: EDIT-42 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
99991231
99991231
Edit Change Schedule Edit Type
FRY9C
FRY9C
Effective Start
Date
20150331
20150331
No Change
No Change
HC-N
HC-N
Quality
Quality
FRY9C
20150331
99991231
No Change
HC-N
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-N
HC-N
HC-N
Edit
Number
9520
9520
HC-N1e1C
HC-N1e2A
MDRM
Number
BHCKF182
BHCKF179
Intraseries 0141
HC-N1e2B
BHCKF181
Quality
Quality
Quality
HC-N1e2B
HC-N1e2C
HC-N1fA
BHCKF181
BHCKF183
BHCKB572
9520
9520
9520
TargetItem
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 6605
HC-N1fB
BHCKB573
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-N
HC-N
HC-N
Quality
Quality
Quality
9520
9520
9520
HC-N1fB
HC-N1fC
HC-N2aA
BHCKB573
BHCKB574
BHCK5377
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 6610
HC-N2aB
BHCK5378
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-N
HC-N
HC-N
Quality
Quality
Quality
9520
9520
9520
HC-N2aB
HC-N2aC
HC-N2bA
BHCK5378
BHCK5379
BHCK5380
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 6615
HC-N2bB
BHCK5381
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-N
HC-N
HC-N
Quality
Quality
Quality
HC-N2bB
HC-N2bC
HC-N3A
BHCK5381
BHCK5382
BHCK1594
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 6620
HC-N3B
BHCK1597
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-N
HC-N
HC-N
Quality
Quality
Quality
HC-N3B
HC-N3C
HC-N4A
BHCK1597
BHCK1583
BHCK1606
September 2021
9520
9520
9520
9520
9520
9520
Edit Test
Alg Edit Test
HC-N1e1C should not be null and should not be negative.
HC-N1e2A should not be null and should not be negative.
If HC-N1e2A (previous) is greater than zero and HC-N1e2B
(previous) is greater than zero and the sum of HC-N1e2A
(previous) and HC-N1e2B (previous) is greater than $1 million and
HC-C1e2B (current) is greater than zero, then the sum of HCN1e2A (current) and HC-N1e2B (current) should be greater than
zero.
HC-N1e2B should not be null and should not be negative.
HC-N1e2C should not be null and should not be negative.
HC-N1fA should not be null and should not be negative.
If HC-N1fA (previous) is greater than zero and HC-N1fB (previous)
is greater than zero and the sum of HC-N1fA (previous) and HCN1fB (previous) is greater than $1 million and (HC-C1A minus the
sum of HC-C1a1B through HC-C1e2B) (current) is greater than
zero, then the sum of HC-N1fA (current) and HC-N1fB (current)
should be greater than zero.
HC-N1fB should not be null and should not be negative.
HC-N1fC should not be null and should not be negative.
HC-N2aA should not be null and should not be negative.
If HC-N2aA (previous) is greater than zero and HC-N2aB (previous)
is greater than zero and the sum of HC-N2aA (previous) and HCN2aB (previous) is greater than $1 million and the sum of (HCC2aA and HC-C2bA) (current) is greater than zero, then the sum of
HC-N2aA (current) and HC-N2aB (current) should be greater than
zero.
HC-N2aB should not be null and should not be negative.
HC-N2aC should not be null and should not be negative.
HC-N2bA should not be null and should not be negative.
If HC-N2bA (previous) is greater than zero and HC-N2bB (previous)
is greater than zero and the sum of HC-N2bA (previous) and HCN2bB (previous) is greater than $1 million and the sum of (HCC2aA and HC-C2bA) (current) is greater than zero, then the sum of
HC-N2bA (current) and HC-N2bB (current) should be greater than
zero.
HC-N2bB should not be null and should not be negative.
HC-N2bC should not be null and should not be negative.
HC-N3A should not be null and should not be negative.
If HC-N3A (previous) is greater than zero and HC-N3B (previous) is
greater than zero and the sum of HC-N3A (previous) and HC-N3B
(previous) is greater than $1 million and HC-C3A (current) is
greater than zero, then the sum of HC-N3A (current) and HC-N3B
(current) should be greater than zero.
HC-N3B should not be null and should not be negative.
HC-N3C should not be null and should not be negative.
HC-N4A should not be null and should not be negative.
bhckf182 ne null and bhckf182 ge 0
bhckf179 ne null and bhckf179 ge 0
if (bhckf179-q2 gt 0) and (bhckf181-q2 gt 0) and ((bhckf179-q2
+ bhckf181-q2) gt 1000) and (bhckf161-q1 gt 0) then ((bhckf179q1 + bhckf181-q1) gt 0)
bhckf181 ne null and bhckf181 ge 0
bhckf183 ne null and bhckf183 ge 0
bhckb572 ne null and bhckb572 ge 0
if (bhckb572-q2 gt 0) and (bhckb573-q2 gt 0) and ((bhckb572-q2
+ bhckb573-q2) gt 1000) and ((bhck1410-q1 - (bhckf158-q1 +
bhckf159-q1 + bhdm1420-q1 + bhdm1797-q1 + bhdm5367-q1 +
bhdm5368-q1 + bhdm1460-q1 + bhckf160-q1 + bhckf161-q1))
gt 0) then ((bhckb572-q1 + bhckb573-q1) gt 0)
bhckb573 ne null and bhckb573 ge 0
bhckb574 ne null and bhckb574 ge 0
bhck5377 ne null and bhck5377 ge 0
if (bhck5377-q2 gt 0) and (bhck5378-q2 gt 0) and ((bhck5377-q2
+ bhck5378-q2) gt 1000) and ((bhck1292-q1 + bhck1296-q1) gt
0) then ((bhck5377-q1 + bhck5378-q1) gt 0)
bhck5378 ne null and bhck5378 ge 0
bhck5379 ne null and bhck5379 ge 0
bhck5380 ne null and bhck5380 ge 0
if (bhck5380-q2 gt 0) and (bhck5381-q2 gt 0) and ((bhck5380-q2
+ bhck5381-q2) gt 1000) and (bhck1292-q1 + bhck1296-q1 gt 0)
then ((bhck5380-q1 + bhck5381-q1) gt 0)
bhck5381 ne null and bhck5381 ge 0
bhck5382 ne null and bhck5382 ge 0
bhck1594 ne null and bhck1594 ge 0
if (bhck1594-q2 gt 0) and (bhck1597-q2 gt 0) and ((bhck1594-q2
+ bhck1597-q2) gt 1000) and (bhck1590-q1 gt 0) then
((bhck1594-q1 + bhck1597-q1) gt 0)
bhck1597 ne null and bhck1597 ge 0
bhck1583 ne null and bhck1583 ge 0
bhck1606 ne null and bhck1606 ge 0
FR Y-9C: EDIT-43 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
Edit Test
If HC-N4A (previous) is greater than zero and HC-N4B (previous) is
greater than zero and the sum of HC-N4A (previous) and HC-N4B
(previous) is greater than $1 million and HC-C4B (current) is
greater than zero, then the sum of HC-N4A (current) and HC-N4B
(current) should be greater than zero.
HC-N4B should not be null and should not be negative.
HC-N4C should not be null and should not be negative.
HC-N5aA should not be null and should not be negative.
If HC-N5aA (previous) is greater than zero and HC-N5aB (previous)
is greater than zero and the sum of HC-N5aA (previous) and HCN5aB (previous) is greater than $1 million and HC-C6aA (current)
is greater than zero, then the sum of HC-N5aA (current) and HCN5aB (current) should be greater than zero.
HC-N5aB should not be null and should not be negative.
HC-N5aC should not be null and should not be negative.
HC-N5bA should not be null and should not be negative.
If HC-N5bA (previous) is greater than zero and HC-N5bB (previous)
is greater than zero and the sum of HC-N5bA (previous) and HCN5bB (previous) is greater than $1 million and HC-C6cA (current)
is greater than zero, then the sum of HC-N5bA (current) and HCN5bB (current) should be greater than zero.
HC-N5bB should not be null and should not be negative.
HC-N5bC should not be null and should not be negative.
HC-N5cA should not be null and should not be negative.
If HC-N5cA (previous) is greater than zero and HC-N5cB (previous)
is greater than zero and the sum of HC-N5cA (previous) and HCN5cB (previous) is greater than $1 million and the sum of HC-C6bA
(current) and HC-C6dA (current) is greater than zero, then the sum
of HC-N5cA (current) and HC-N5cB (current) should be greater
than zero.
HC-N5cB should not be null and should not be negative.
HC-N5cC should not be null and should not be negative.
HC-N6A should not be null and should not be negative.
If HC-N6A (previous) is greater than zero and HC-N6B (previous) is
greater than zero and the sum of HC-N6A (previous) and HC-N6B
(previous) is greater than $1 million and HC-C7A (current) is
greater than zero, then the sum of HC-N6A (current) and HC-N6B
(current) should be greater than zero.
HC-N6B should not be null and should not be negative.
HC-N6C should not be null and should not be negative.
HC-N7A should not be null and should not be negative.
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 6625
HC-N4B
BHCK1607
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-N
HC-N
HC-N
Quality
Quality
Quality
9520
9520
9520
HC-N4B
HC-N4C
HC-N5aA
BHCK1607
BHCK1608
BHCKB575
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 6635
HC-N5aB
BHCKB576
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-N
HC-N
HC-N
Quality
Quality
Quality
9520
9520
9520
HC-N5aB
HC-N5aC
HC-N5bA
BHCKB576
BHCKB577
BHCKK213
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 0400
HC-N5bB
BHCKK214
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-N
HC-N
HC-N
Quality
Quality
Quality
9520
9520
9520
HC-N5bB
HC-N5bC
HC-N5cA
BHCKK214
BHCKK215
BHCKK216
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 6640
HC-N5cB
BHCKK217
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-N
HC-N
HC-N
Quality
Quality
Quality
HC-N5cB
HC-N5cC
HC-N6A
BHCKK217
BHCKK218
BHCK5389
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 6645
HC-N6B
BHCK5390
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-N
HC-N
HC-N
Quality
Quality
Quality
9520
9520
9520
HC-N6B
HC-N6C
HC-N7A
BHCK5390
BHCK5391
BHCK5459
FRY9C
20190331
99991231
No Change
HC-N
Quality
1003
HC-N7A
BHCK5459
For June and December reporting periods, HC-NM9bA should be
less than or equal to the sum of HC-N1a1A through HC-N7A.
FRY9C
20150331
99991231
No Change
HC-N
Quality
9520
HC-N7B
BHCK5460
HC-N7B should not be null and should not be negative.
September 2021
9520
9520
9520
Alg Edit Test
if (bhck1606-q2 gt 0) and (bhck1607-q2 gt 0) and ((bhck1606-q2
+ bhck1607-q2) gt 1000) and (bhdm1766-q1 gt 0) then
((bhck1606-q1 + bhck1607-q1) gt 0)
bhck1607 ne null and bhck1607 ge 0
bhck1608 ne null and bhck1608 ge 0
bhckb575 ne null and bhckb575 ge 0
if (bhckb575-q2 gt 0) and (bhckb576-q2 gt 0) and ((bhckb575-q2
+ bhckb576-q2) gt 1000) and (bhckb538-q1 gt 0) then
((bhckb575-q1 + bhckb576-q1) gt 0)
bhckb576 ne null and bhckb576 ge 0
bhckb577 ne null and bhckb577 ge 0
bhckk213 ne null and bhckk213 ge 0
if (bhckk213-q2 gt 0) and (bhckk214-q2 gt 0) and ((bhckk213-q2
+ bhckk214-q2) gt 1000) and (bhckk137-q1 gt 0) then
((bhckk213-q1 + bhckk214-q1) gt 0)
bhckk214 ne null and bhckk214 ge 0
bhckk215 ne null and bhckk215 ge 0
bhckk216 ne null and bhckk216 ge 0
if (bhckk216-q2 gt 0) and (bhckk217-q2 gt 0) and ((bhckk216-q2
+ bhckk217-q2) gt 1000) and ((bhckb539-q1 + bhckk207-q1) gt
0) then ((bhckk216-q1 + bhckk217-q1) gt 0)
bhckk217 ne null and bhckk217 ge 0
bhckk218 ne null and bhckk218 ge 0
bhck5389 ne null and bhck5389 ge 0
if ((bhck5389-q2 gt 0) and (bhck5390-q2 gt 0) and ((bhck5389q2 + bhck5390-q2) gt 1000) and (bhck2081-q1 gt 0)) then
((bhck5389-q1 + bhck5390-q1) gt 0)
bhck5390 ne null and bhck5390 ge 0
bhck5391 ne null and bhck5391 ge 0
bhck5459 ne null and bhck5459 ge 0
if (mm-q1 eq 06 or mm-q1 eq 12) then bhckl186 le (bhckf172 +
bhckf173 + bhck3493 + bhck5398 + bhckc236 + bhckc238 +
bhck3499 + bhckf178 + bhckf179 + bhckb572 + bhck5377 +
bhck5380 + bhck1594 + bhck1606 + bhckb575 + bhckk213 +
bhckk216 + bhck5389 + bhck5459)
bhck5460 ne null and bhck5460 ge 0
FR Y-9C: EDIT-44 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
Edit Test
FRY9C
20190331
99991231
No Change
HC-N
Quality
1004
HC-N7B
BHCK5460
For June and December reporting periods, HC-NM9bB should be
less than or equal to the sum of HC-N1a1B through HC-N7B.
FRY9C
20150331
99991231
No Change
HC-N
Quality
9520
HC-N7C
BHCK5461
HC-N7C should not be null and should not be negative.
FRY9C
20190331
99991231
No Change
HC-N
Quality
1005
HC-N7C
BHCK5461
For June and December reporting periods, HC-NM9bC should be
less than or equal to the sum of HC-N1a1C through HC-N7C.
FRY9C
20191231
99991231
No Change
HC-N
Quality
1241
HC-N8aA
BHCKF166
If previous year June HC-12 is less than $5 billion, then HC-N8aA
should be null.
FRY9C
20191231
99991231
No Change
HC-N
Quality
1242
HC-N8aB
BHCKF167
If previous year June HC-12 is less than $5 billion, then HC-N8aB
should be null.
FRY9C
20191231
99991231
No Change
HC-N
Quality
1243
HC-N8aC
BHCKF168
If previous year June HC-12 is less than $5 billion, then HC-N8aC
should be null.
FRY9C
20191231
99991231
No Change
HC-N
Quality
1244
HC-N8bA
BHCKF169
If previous year June HC-12 is less than $5 billion, then HC-N8bA
should be null.
FRY9C
20191231
99991231
No Change
HC-N
Quality
1245
HC-N8bB
BHCKF170
If previous year June HC-12 is less than $5 billion, then HC-N8bB
should be null.
FRY9C
20191231
99991231
No Change
HC-N
Quality
1246
HC-N8bC
BHCKF171
If previous year June HC-12 is less than $5 billion, then HC-N8bC
should be null.
FRY9C
20191231
99991231
No Change
HC-N
Quality
1247
HC-N8cA
BHCKKX63
If previous year June HC-12 is less than $5 billion, then HC-N8cA
should not be null and should not be negative.
FRY9C
20191231
99991231
No Change
HC-N
Quality
1248
HC-N8cB
BHCKKX64
If previous year June HC-12 is less than $5 billion, then HC-N8cB
should not be null and should not be negative.
FRY9C
20191231
99991231
No Change
HC-N
Quality
1249
HC-N8cC
BHCKKX65
If previous year June HC-12 is less than $5 billion, then HC-N8cC
should not be null and should not be negative.
FRY9C
FRY9C
FRY9C
20180331
20180331
20180331
99991231
99991231
99991231
No Change
No Change
No Change
HC-N
HC-N
HC-N
Quality
Quality
Quality
9520
9520
9520
HC-N9A
HC-N9B
HC-N9C
BHCK1406
BHCK1407
BHCK1403
FRY9C
20180331
99991231
No Change
HC-N
Quality
6663
HC-N10A
BHCK3505
September 2021
Alg Edit Test
if (mm-q1 eq 06 or mm-q1 eq 12) then bhckl187 le (bhckf174 +
bhckf175 + bhck3494 + bhck5399 + bhckc237 + bhckc239 +
bhck3500 + bhckf180 + bhckf181 + bhckb573 + bhck5378 +
bhck5381 + bhck1597 + bhck1607 + bhckb576 + bhckk214 +
bhckk217 + bhck5390 + bhck5460)
bhck5461 ne null and bhck5461 ge 0
if (mm-q1 eq 06 or mm-q1 eq 12) then bhckl188 le (bhckf176 +
bhckf177 + bhck3495 + bhck5400 + bhckc229 + bhckc230 +
bhck3501 + bhckf182 + bhckf183 + bhckb574 + bhck5379 +
bhck5382 + bhck1583 + bhck1608 + bhckb577 + bhckk215 +
bhckk218 + bhck5391 + bhck5461)
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckf166 eq null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckf167 eq null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckf168 eq null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckf169 eq null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckf170 eq null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckf171 eq null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckkx63 ne null and bhckkx63 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckkx64 ne null and bhckkx64 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckkx65 ne null and bhckkx65 ge 0
bhck1406 ne null and bhck1406 ge 0
bhck1407 ne null and bhck1407 ge 0
bhck1403 ne null and bhck1403 ge 0
HC-N9A should not be null and should not be negative.
HC-N9B should not be null and should not be negative.
HC-N9C should not be null and should not be negative.
If HC-N10A is greater than zero, then HC-N9A should not equal HCif bhck3505 gt 0 then bhck1406 ne bhck3505
N10A.
FR Y-9C: EDIT-45 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
99991231
Edit Change Schedule Edit Type
FRY9C
Effective Start
Date
20180331
TargetItem
Quality
Edit
Number
9520
HC-N10A
MDRM
Number
BHCK3505
No Change
HC-N
FRY9C
20180331
99991231
No Change
HC-N
Quality
6664
HC-N10B
BHCK3506
FRY9C
20180331
99991231
No Change
FRY9C
20180331
99991231
No Change
HC-N
Quality
9520
HC-N10B
BHCK3506
HC-N
Quality
6666
HC-N10C
BHCK3507
FRY9C
20180331
99991231
FRY9C
FRY9C
20180331
20150331
99991231
99991231
No Change
HC-N
Intraseries 6667
HC-N10C
BHCK3507
No Change
No Change
HC-N
HC-N
Quality
Quality
9520
9520
HC-N10C
HC-N11A
BHCK3507
BHCKK036
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 0432
HC-N11B
BHCKK037
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-N
HC-N
Quality
Quality
9520
9520
HC-N11B
HC-N11C
BHCKK037
BHCKK038
FRY9C
20150331
99991231
No Change
HC-N
Quality
6670
HC-N11aA
BHCKK039
FRY9C
20150331
99991231
No Change
HC-N
Quality
9520
HC-N11aA
BHCKK039
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 0433
HC-N11aB
BHCKK040
FRY9C
20150331
99991231
No Change
HC-N
Quality
6675
HC-N11aB
BHCKK040
FRY9C
20150331
99991231
No Change
HC-N
Quality
9520
HC-N11aB
BHCKK040
FRY9C
20150331
99991231
No Change
HC-N
Quality
6680
HC-N11aC
BHCKK041
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-N
HC-N
Quality
Quality
9520
9520
HC-N11aC
HC-N11bA
BHCKK041
BHCKK042
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 0434
HC-N11bB
BHCKK043
FRY9C
FRY9C
20150331
20150331
99991231
99991231
No Change
No Change
HC-N
HC-N
Quality
Quality
HC-N11bB
HC-N11bC
BHCKK043
BHCKK044
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 0435
HC-N12a1aB BHDMK046
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 0436
HC-N12a1bB BHDMK049
September 2021
9520
9520
Edit Test
Alg Edit Test
HC-N10A should not be null and should not be negative.
bhck3505 ne null and bhck3505 ge 0
If HC-N10B is greater than zero, then HC-N9B should not equal HCif bhck3506 gt 0 then bhck1407 ne bhck3506
N10B.
HC-N10B should not be null and should not be negative.
bhck3506 ne null and bhck3506 ge 0
If HC-N10C is greater than zero, then HC-N9C should not equal HCif bhck3507 gt 0 then bhck1403 ne bhck3507)
N10C.
If HC-N10C (previous) is greater than or equal to $500 thousand,
if (bhck3507-q2 ge 500) then (bhck3507-q1 gt 0)
then HC-N10C (current) should be greater than 0.
HC-N10C should not be null and should not be negative.
bhck3507 ne null and bhck3507 ge 0
HC-N11A should not be null and should not be negative.
bhckk036 ne null and bhckk036 ge 0
If HC-N11A (previous) is greater than zero and HC-N11B (previous)
is greater than zero and the sum of HC-N11A (previous) and HCif (bhckk036-q2 gt 0 and bhckk037-q2 gt 0) and (bhckk036-q2 +
N11B (previous) is greater than $1 million, then the sum of HCbhckk037-q2) gt 1000 then (bhckk036-q1 + bhckk037-q1) gt 0
N11A (current) and HC-N11B (current) should be greater than
zero.
HC-N11B should not be null and should not be negative.
bhckk037 ne null and bhckk037 ge 0
HC-N11C should not be null and should not be negative.
bhckk038 ne null and bhckk038 ge 0
If HC-N11A is greater than zero, then the sum of HC-N11aA and
if bhckk036 gt 0 then (bhckk039 + bhckk042) gt 0
HC-N11bA should be greater than zero.
HC-N11aA should not be null and should not be negative.
bhckk039 ne null and bhckk039 ge 0
If HC-N11aA (previous) is greater than zero and HC-N11aB
(previous) is greater than zero and the sum of HC-N11aA
if (bhckk039-q2 gt 0 and bhckk040-q2 gt 0) and (bhckk039-q2 +
(previous) and HC-N11aB (previous) is greater than $1 million,
bhckk040-q2) gt 1000 then (bhckk039-q1 + bhckk040-q1) gt 0
then the sum of HC-N11aA (current) and HC-N11aB (current)
should be greater than zero.
If HC-N11B is greater than zero, then the sum of HC-N11aB and HCif bhckk037 gt 0 then (bhckk040 + bhckk043) gt 0
N11bB should be greater than zero.
HC-N11aB should not be null and should not be negative.
bhckk040 ne null and bhckk040 ge 0
If HC-N11C is greater than zero, then the sum of HC-N11aC and HCif bhckk038 gt 0 then (bhckk041 + bhckk044) gt 0
N11bC should be greater than zero.
HC-N11aC should not be null and should not be negative.
bhckk041 ne null and bhckk041 ge 0
HC-N11bA should not be null and should not be negative.
bhckk042 ne null and bhckk042 ge 0
If HC-N11bA (previous) is greater than zero and HC-N11bB
(previous) is greater than zero and the sum of HC-N11bA
if (bhckk042-q2 gt 0 and bhckk043-q2 gt 0) and (bhckk042-q2 +
(previous) and HC-N11bB (previous) is greater than $1 million,
bhckk043-q2) gt 1000 then (bhckk042-q1 + bhckk043-q1) gt 0
then the sum of HC-N11bA (current) and HC-N11bB (current)
should be greater than zero.
HC-N11bB should not be null and should not be negative.
bhckk043 ne null and bhckk043 ge 0
HC-N11bC should not be null and should not be negative.
bhckk044 ne null and bhckk044 ge 0
If HC-N12a1aA (previous) is greater than zero and HC-N12a1aB
if (bhdmk045-q2 gt 0 and bhdmk046-q2 gt 0) and (bhdmk045(previous) is greater than zero and the sum of HC-N12a1aA
(previous) and HC-N12a1aB (previous) is greater than $1 million, q2 + bhdmk046-q2) gt 1000 then (bhdmk045-q1 + bhdmk046then the sum of HC-N12a1aA (current) and HC-N12a1aB (current) q1) gt 0
should be greater than zero.
If HC-N12a1bA (previous) is greater than zero and HC-N12a1bB
if (bhdmk048-q2 gt 0 and bhdmk049-q2 gt 0) and (bhdmk048(previous) is greater than zero and the sum of HC-N12a1bA
(previous) and HC-N12a1bB (previous) is greater than $1 million, q2 + bhdmk049-q2) gt 1000 then (bhdmk048-q1 + bhdmk049then the sum of HC-N12a1bA (current) and HC-N12a1bB (current) q1) gt 0
should be greater than zero.
FR Y-9C: EDIT-46 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 0437
HC-N12a2B
BHDMK052
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 0438
HC-N12a3aB BHDMK055
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 0439
HCN12a3b1B
BHDMK058
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 0440
HCN12a3b2B
BHDMK061
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 0441
HC-N12a4B
BHDMK064
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 0442
HC-N12a5aB BHDMK067
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 0443
HC-N12a5bB BHDMK070
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 0449
HC-N12eB
BHCKK088
FRY9C
20180331
99991231
No Change
HC-N
Quality
0546
HC-N12eB
BHCKK088
FRY9C
20180331
99991231
No Change
HC-N
Quality
0433
HC-N12fA
BHCKK102
September 2021
Edit Test
If HC-N12a2A (previous) is greater than zero and HC-N12a2B
(previous) is greater than zero and the sum of HC-N12a2A
(previous) and HC-N12a2B (previous) is greater than $1 million,
then the sum of HC-N12a2A (current) and HC-N12a2B (current)
should be greater than zero.
If HC-N12a3aA (previous) is greater than zero and HC-N12a3aB
(previous) is greater than zero and the sum of HC-N12a3aA
(previous) and HC-N12a3aB (previous) is greater than $1 million,
then the sum of HC-N12a3aA (current) and HC-N12a3aB (current)
should be greater than zero.
If HC-N12a3b1A (previous) is greater than zero and HC-N12a3b1B
(previous) is greater than zero and the sum of HC-N12a3b1A
(previous) and HC-N12a3b1B (previous) is greater than $1 million,
then the sum of HC-N12a3b1A (current) and HC-N12a3b1B
(current) should be greater than zero.
If HC-N12a3b2A (previous) is greater than zero and HC-N12a3b2B
(previous) is greater than zero and the sum of HC-N12a3b2A
(previous) and HC-N12a3b2B (previous) is greater than $1 million,
then the sum of HC-N12a3b2A (current) and HC-N12a3b2B
(current) should be greater than zero.
If HC-N12a4A (previous) is greater than zero and HC-N12a4B
(previous) is greater than zero and the sum of HC-N12a4A
(previous) and HC-N12a4B (previous) is greater than $1 million,
then the sum of HC-N12a4A (current) and HC-N12a4B (current)
should be greater than zero.
If HC-N12a5aA (previous) is greater than zero and HC-N12a5aB
(previous) is greater than zero and the sum of HC-N12a5aA
(previous) and HC-N12a5aB (previous) is greater than $1 million,
then the sum of HC-N12a5aA (current) and HC-N12a5aB (current)
should be greater than zero.
If HC-N12a5bA (previous) is greater than zero and HC-N12a5bB
(previous) is greater than zero and the sum of HC-N12a5bA
(previous) and HC-N12a5bB (previous) is greater than $1 million,
then the sum of HC-N12a5bA (current) and HC-N12a5bB (current)
should be greater than zero.
If HC-N12eA (previous) is greater than zero and HC-N12eB
(previous) is greater than zero and the sum of HC-N12eA
(previous) and HC-N12eB (previous) is greater than $1 million,
then the sum of HC-N12eA (current) and HC-N12eB (current)
should be greater than zero.
Alg Edit Test
if (bhdmk051-q2 gt 0 and bhdmk052-q2 gt 0) and (bhdmk051q2 + bhdmk052-q2) gt 1000 then (bhdmk051-q1 + bhdmk052q1) gt 0
if (bhdmk054-q2 gt 0 and bhdmk055-q2 gt 0) and (bhdmk054q2 + bhdmk055-q2) gt 1000 then (bhdmk054-q1 + bhdmk055q1) gt 0
if (bhdmk057-q2 gt 0 and bhdmk058-q2 gt 0) and (bhdmk057q2 + bhdmk058-q2) gt 1000 then (bhdmk057-q1 + bhdmk058q1) gt 0
if (bhdmk060-q2 gt 0 and bhdmk061-q2 gt 0) and (bhdmk060q2 + bhdmk061-q2) gt 1000 then (bhdmk060-q1 + bhdmk061q1) gt 0
if (bhdmk063-q2 gt 0 and bhdmk064-q2 gt 0) and (bhdmk063q2 + bhdmk064-q2) gt 1000 then (bhdmk063-q1 + bhdmk064q1) gt 0
if (bhdmk066-q2 gt 0 and bhdmk067-q2 gt 0) and (bhdmk066q2 + bhdmk067-q2) gt 1000 then (bhdmk066-q1 + bhdmk067q1) gt 0
if (bhdmk069-q2 gt 0 and bhdmk070-q2 gt 0) and (bhdmk069q2 + bhdmk070-q2) gt 1000 then (bhdmk069-q1 + bhdmk070q1) gt 0
if (bhckk087-q2 gt 0 and bhckk088-q2 gt 0) and (bhckk087-q2 +
bhckk088-q2) gt 1000 then (bhckk087-q1 + bhckk088-q1) gt 0
if (bhdmk046 + bhdmk049 + bhdmk052 + bhdmk055 +
bhdmk058 + bhdmk061 +
bhdmk064 + bhdmk067 + bhdmk070 + bhckk088) ne 0 then
If the sum of HC-N12a1aB through HC-N12eB is not equal to zero, (bhckk103 / (bhdmk046 + bhdmk049 + bhdmk052 + bhdmk055
then HC-N12fB divided by the sum of HC-N12a1aB through HC+ bhdmk058 + bhdmk061 +
N12eB should be within 80% and 95%.
bhdmk064 + bhdmk067 + bhdmk070 + bhckk088) * 100) ge 80
and (bhckk103 / (bhdmk046 + bhdmk049 + bhdmk052 +
bhdmk055 + bhdmk058 + bhdmk061 +
bhdmk064 + bhdmk067 + bhdmk070 + bhckk088) * 100) le 95
if (bhdmk045 + bhdmk048 + bhdmk051 + bhdmk054 +
If the sum of HC-N12a1aA through HC-N12eA is greater than zero
bhdmk057 + bhdmk060 + bhdmk063 + bhdmk066 + bhdmk069
then HC-N12fA should be greater than zero.
+ bhckk087) gt 0 then bhckk102 gt 0
FR Y-9C: EDIT-47 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20180331
99991231
No Change
HC-N
Quality
0434
HC-N12fB
BHCKK103
FRY9C
20180331
99991231
No Change
HC-N
Quality
0435
HC-N12fC
BHCKK104
FRY9C
20191231
99991231
No Change
HC-N
Quality
1250
HC-NM1a1A BHDMK105
FRY9C
20191231
99991231
No Change
HC-N
Quality
1251
HC-NM1a1A BHDMK105
FRY9C
20201231
99991231
No Change
HC-N
Intraseries 0417
HC-NM1a1B BHDMK106
FRY9C
20191231
99991231
No Change
HC-N
Quality
1252
HC-NM1a1B BHDMK106
FRY9C
20191231
99991231
No Change
HC-N
Quality
1253
HC-NM1a1B BHDMK106
FRY9C
20150331
99991231
No Change
HC-N
Quality
0405
HC-NM1a1C BHDMK107
FRY9C
20191231
99991231
No Change
HC-N
Quality
1254
HC-NM1a1C BHDMK107
FRY9C
20191231
99991231
No Change
HC-N
Quality
1255
HC-NM1a1C BHDMK107
FRY9C
20191231
99991231
No Change
HC-N
Quality
1256
HC-NM1a2A BHDMK108
FRY9C
20191231
99991231
No Change
HC-N
Quality
1257
HC-NM1a2A BHDMK108
September 2021
Edit Test
Alg Edit Test
if (bhdmk046 + bhdmk049 + bhdmk052 + bhdmk055 +
If the sum of HC-N12a1aB through HC-N12eB is greater than zero
bhdmk058 + bhdmk061 + bhdmk064 + bhdmk067 + bhdmk070
then HC-N12fB should be greater than zero.
+ bhckk088) gt 0 then bhckk103 gt 0
if (bhdmk047 + bhdmk050 + bhdmk053 + bhdmk056 +
If the sum of HC-N12a1aC through HC-N12eC is greater than zero
bhdmk059 + bhdmk062 + bhdmk065 + bhdmk068 + bhdmk071
then HC-N12fC should be greater than zero.
+ bhckk089) gt 0 then bhckk104 gt 0
For June and December, if previous year June HC-12 is less than $5 if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
billion, then HC-NM1a1A should not be null and should not be
and bhck2170-q7 lt 5000000) then bhdmk105 ne null and
negative.
bhdmk105 ge 0
For March and September, if previous year June HC-12 is less than if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
$5 billion, then HC-NM1a1A should be null.
and bhck2170-q6 lt 5000000) then bhdmk105 eq null
If previous year June HC-12 is greater than or equal to $5 billion
and HC-NM1a1A (previous) is greater than zero and HC-NM1a1B if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
(previous) is greater than zero and the sum of HC-NM1a1A
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
(previous) and HC-NM1a1B (previous) is greater than $1 million, bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
then the sum of HC-NM1a1A (current) and HC-NM1a1B (current) ge 5000000)) and (bhdmk105-q2 gt 0 and bhdmk106-q2 gt 0)
should be greater than zero; else, for June and December if
and (bhdmk105-q2 + bhdmk106-q2) gt 1000 then (bhdmk105previous year June HC-12 is less than $5 billion and HC-NM1a1A q1 + bhdmk106-q1) gt 0; else if ((mm-q1 eq 06 and bhck2170(previous) is greater than zero and HC-NM1a1B (previous) is
q5 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000))
greater than zero and the sum of HC-NM1a1A (previous) and HC- and (bhdmk105-q3 gt 0 and bhdmk106-q3 gt 0) and (bhdmk105NM1a1B (previous) is greater than $1 million, then the sum of HC- q3 + bhdmk106-q3) gt 1000 then (bhdmk105-q1 + bhdmk106NM1a1A (current) and HC-NM1a1B (current) should be greater
q1) gt 0
than zero
For June and December, if previous year June HC-12 is less than $5 if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
billion, then HC-NM1a1B should not be null and should not be
and bhck2170-q7 lt 5000000) then bhdmk106 ne null and
negative.
bhdmk106 ge 0
For March and September, if previous year June HC-12 is less than if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
$5 billion, then HC-NM1a1B should be null.
and bhck2170-q6 lt 5000000) then bhdmk106 eq null
If the sum of HC-NM1a1A through HC-NM1a1C is greater than
if (bhdmk105 + bhdmk106 + bhdmk107) gt 0 then (bhdmk158
zero, then HC-CM1a1 should not equal the sum of HC-NM1a1A
ne (bhdmk105 + bhdmk106 + bhdmk107))
through HC-NM1a1C.
For June and December, if previous year June HC-12 is less than $5 if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
billion, then HC-NM1a1C should not be null and should not be
and bhck2170-q7 lt 5000000) then bhdmk107 ne null and
negative.
bhdmk107 ge 0
For March and September, if previous year June HC-12 is less than if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
$5 billion, then HC-NM1a1C should be null.
and bhck2170-q6 lt 5000000) then bhdmk107 eq null
For June and December, if previous year June HC-12 is less than $5 if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
billion, then HC-NM1a2A should not be null and should not be
and bhck2170-q7 lt 5000000) then bhdmk108 ne null and
negative.
bhdmk108 ge 0
For March and September, if previous year June HC-12 is less than if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
$5 billion, then HC-NM1a2A should be null.
and bhck2170-q6 lt 5000000) then bhdmk108 eq null
FR Y-9C: EDIT-48 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20201231
99991231
No Change
HC-N
Intraseries 0418
HC-NM1a2B BHDMK109
FRY9C
20191231
99991231
No Change
HC-N
Quality
1258
HC-NM1a2B BHDMK109
FRY9C
20191231
99991231
No Change
HC-N
Quality
1259
HC-NM1a2B BHDMK109
FRY9C
20150331
99991231
No Change
HC-N
Quality
0406
HC-NM1a2C BHDMK110
FRY9C
20191231
99991231
No Change
HC-N
Quality
1260
HC-NM1a2C BHDMK110
FRY9C
20191231
99991231
No Change
HC-N
Quality
1261
HC-NM1a2C BHDMK110
FRY9C
20191231
99991231
No Change
HC-N
Quality
1262
HC-NM1bA
BHCKF661
FRY9C
20191231
99991231
No Change
HC-N
Quality
1263
HC-NM1bA
BHCKF661
FRY9C
20201231
99991231
No Change
HC-N
Intraseries 0219
HC-NM1bB
BHCKF662
FRY9C
20191231
99991231
No Change
HC-N
Quality
1264
HC-NM1bB
BHCKF662
FRY9C
20191231
99991231
No Change
HC-N
Quality
1265
HC-NM1bB
BHCKF662
FRY9C
20150331
99991231
No Change
HC-N
Quality
0144
HC-NM1bC
BHCKF663
September 2021
Edit Test
If previous year June HC-12 is greater than or equal to $5 billion
and HC-NM1a2A (previous) is greater than zero and HC-NM1a2B
(previous) is greater than zero and the sum of HC-NM1a2A
(previous) and HC-NM1a2B (previous) is greater than $1 million,
then the sum of HC-NM1a2A (current) and HC-NM1a2B (current)
should be greater than zero; else, for June and December if
previous year June HC-12 is less than $5 billion and HC-NM1a2A
(previous) is greater than zero and HC-NM1a2B (previous) is
greater than zero and the sum of HC-NM1a2A (previous) and HCNM1a2B (previous) is greater than $1 million, then the sum of HCNM1a2A (current) and HC-NM1a2B (current) should be greater
than zero
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1a2B should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1a2B should be null.
If the sum of HC-NM1a2A through HC-NM1a2C is greater than
zero, then HC-CM1a2 should not equal the sum of HC-NM1a2A
through HC-NM1a2C.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1a2C should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1a2C should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1bA should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1bA should be null.
If previous year June HC-12 is greater than or equal to $5 billion
and HC-NM1bA (previous) is greater than zero and HC-NM1bB
(previous) is greater than zero and the sum of HC-NM1bA
(previous) and HC-NM1bB (previous) is greater than $1 million,
then the sum of HC-NM1bA (current) and HC-NM1bB (current)
should be greater than zero; else, for June and December if
previous year June HC-12 is less than $5 billion and HC-NM1bA
(previous) is greater than zero and HC-NM1bB (previous) is
greater than zero and the sum of HC-NM1bA (previous) and HCNM1bB (previous) is greater than $1 million, then the sum of HCNM1bA (current) and HC-NM1bB (current) should be greater than
zero
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1bB should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1bB should be null.
If the sum of HC-NM1bA through HC-NM1bC is greater than zero,
then HC-CM1b should not equal the sum of HC-NM1bA through
HC-NM1bC.
Alg Edit Test
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and (bhdmk108-q2 gt 0 and bhdmk109-q2 gt 0)
and (bhdmk108-q2 + bhdmk109-q2) gt 1000 then (bhdmk108q1 + bhdmk109-q1) gt 0; else, if ((mm-q1 eq 06 and bhck2170q5 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000))
and (bhdmk108-q3 gt 0 and bhdmk109-q3 gt 0) and (bhdmk108q3 + bhdmk109-q3) gt 1000 then (bhdmk108-q1 + bhdmk109q1) gt 0
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhdmk109 ne null and
bhdmk109 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhdmk109 eq null
if (bhdmk108 + bhdmk109 + bhdmk110) gt 0 then (bhdmk159
ne (bhdmk108 + bhdmk109 + bhdmk110))
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhdmk110 ne null and
bhdmk110 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhdmk110 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckf661 ne null and
bhckf661 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhckf661 eq null
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and (bhckf661-q2 gt 0 and bhckf662-q2 gt 0) and
(bhckf661-q2 + bhckf662-q2) gt 1000 then (bhckf661-q1 +
bhckf662-q1) gt 0; else if ((mm-q1 eq 06 and bhck2170-q5 lt
5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)) and
(bhckf661-q3 gt 0 and bhckf662-q3 gt 0) and (bhckf661-q3 +
bhckf662-q3) gt 1000 then (bhckf661-q1 + bhckf662-q1) gt 0
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckf662 ne null and
bhckf662 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhckf662 eq null
if (bhckf661 + bhckf662 + bhckf663) gt 0 then (bhdmf576 ne
(bhckf661 + bhckf662 + bhckf663))
FR Y-9C: EDIT-49 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20191231
99991231
No Change
HC-N
Quality
1266
HC-NM1bC
BHCKF663
FRY9C
20191231
99991231
No Change
HC-N
Quality
1267
HC-NM1bC
BHCKF663
FRY9C
20191231
99991231
No Change
HC-N
Quality
1268
HC-NM1cA
BHDMK111
FRY9C
20191231
99991231
No Change
HC-N
Quality
1269
HC-NM1cA
BHDMK111
FRY9C
20201231
99991231
No Change
HC-N
Intraseries 0419
HC-NM1cB
BHDMK112
FRY9C
20191231
99991231
No Change
HC-N
Quality
1270
HC-NM1cB
BHDMK112
FRY9C
20191231
99991231
No Change
HC-N
Quality
1271
HC-NM1cB
BHDMK112
FRY9C
20150331
99991231
No Change
HC-N
Quality
0407
HC-NM1cC
BHDMK113
FRY9C
20191231
99991231
No Change
HC-N
Quality
1272
HC-NM1cC
BHDMK113
FRY9C
20191231
99991231
No Change
HC-N
Quality
1273
HC-NM1cC
BHDMK113
FRY9C
20191231
99991231
No Change
HC-N
Quality
1274
HC-NM1d1A BHDMK114
FRY9C
20191231
99991231
No Change
HC-N
Quality
1275
HC-NM1d1A BHDMK114
FRY9C
20191231
99991231
No Change
HC-N
Quality
1276
HC-NM1d1B BHDMK115
FRY9C
20191231
99991231
No Change
HC-N
Quality
1277
HC-NM1d1B BHDMK115
FRY9C
20150331
99991231
No Change
HC-N
Quality
0408
HC-NM1d1C BHDMK116
FRY9C
20191231
99991231
No Change
HC-N
Quality
1278
HC-NM1d1C BHDMK116
September 2021
Edit Test
Alg Edit Test
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1bC should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1bC should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1cA should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1cA should be null.
If previous year June HC-12 is greater than or equal to $5 billion
and HC-NM1cA (previous) is greater than zero and HC-NM1cB
(previous) is greater than zero and the sum of HC-NM1cA
(previous) and HC-NM1cB (previous) is greater than $1 million,
then the sum of HC-NM1cA (current) and HC-NM1cB (current)
should be greater than zero; else, for June and December if
previous year June HC-12 is less than $5 billion and HC-NM1cA
(previous) is greater than zero and HC-NM1cB (previous) is
greater than zero and the sum of HC-NM1cA (previous) and HCNM1cB (previous) is greater than $1 million, then the sum of HCNM1cA (current) and HC-NM1cB (current) should be greater than
zero
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1cB should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1cB should be null.
If the sum of HC-NM1cA through HC-NM1cC is greater than zero,
then HC-CM1c should not equal the sum of HC-NM1cA through
HC-NM1cC.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1cC should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1cC should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1d1A should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1d1A should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1d1B should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1d1B should be null.
If the sum of HC-NM1d1A through HC-NM1d1C is greater than
zero, then HC-CM1d1 should not equal the sum of HC-NM1d1A
through HC-NM1d1C.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1d1C should not be null and should not be
negative.
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckf663 ne null and
bhckf663 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhckf663 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhdmk111 ne null and
bhdmk111 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhdmk111 eq null
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and (bhdmk111-q2 gt 0 and bhdmk112-q2 gt 0)
and (bhdmk111-q2 + bhdmk112-q2) gt 1000 then (bhdmk111q1 + bhdmk112-q1) gt 0; else if ((mm-q1 eq 06 and bhck2170q5 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000))
and (bhdmk111-q3 gt 0 and bhdmk112-q3 gt 0) and (bhdmk111q3 + bhdmk112-q3) gt 1000 then (bhdmk111-q1 + bhdmk112q1) gt 0
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhdmk112 ne null and
bhdmk112 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhdmk112 eq null
if (bhdmk111 + bhdmk112 + bhdmk113) gt 0 then (bhdmk160
ne (bhdmk111 + bhdmk112 + bhdmk113))
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhdmk113 ne null and
bhdmk113 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhdmk113 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhdmk114 ne null and
bhdmk114 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhdmk114 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhdmk115 ne null and
bhdmk115 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhdmk115 eq null
if (bhdmk114 + bhdmk115 + bhdmk116) gt 0 then (bhdmk161
ne (bhdmk114 + bhdmk115 + bhdmk116))
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhdmk116 ne null and
bhdmk116 ge 0
FR Y-9C: EDIT-50 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20191231
99991231
No Change
HC-N
Quality
1279
HC-NM1d1C BHDMK116
FRY9C
20191231
99991231
No Change
HC-N
Quality
1280
HC-NM1d2A BHDMK117
FRY9C
20191231
99991231
No Change
HC-N
Quality
1281
HC-NM1d2A BHDMK117
FRY9C
20191231
99991231
No Change
HC-N
Quality
1282
HC-NM1d2B BHDMK118
FRY9C
20191231
99991231
No Change
HC-N
Quality
1283
HC-NM1d2B BHDMK118
FRY9C
20150331
99991231
No Change
HC-N
Quality
0409
HC-NM1d2C BHDMK119
FRY9C
20191231
99991231
No Change
HC-N
Quality
1284
HC-NM1d2C BHDMK119
FRY9C
20191231
99991231
No Change
HC-N
Quality
1285
HC-NM1d2C BHDMK119
FRY9C
20191231
99991231
No Change
HC-N
Quality
1286
HC-NM1e1A BHCKK120
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 0422
HC-NM1e1B BHCKK121
FRY9C
20150331
99991231
No Change
HC-N
Quality
0410
HC-NM1e1C BHCKK122
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 0423
HC-NM1e2B BHCKK124
FRY9C
20150331
99991231
No Change
HC-N
Quality
0411
HC-NM1e2C BHCKK125
FRY9C
20191231
99991231
No Change
HC-N
Quality
1287
HC-NM1e3A BHCKKX66
FRY9C
20191231
99991231
No Change
HC-N
Quality
1288
HC-NM1e3B BHCKKX67
FRY9C
20191231
99991231
No Change
HC-N
Quality
1289
HC-NM1e3C BHCKKX68
September 2021
Edit Test
Alg Edit Test
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1d1C should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1d2A should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1d2A should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1d2B should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1d2B should be null.
If the sum of HC-NM1d2A through HC-NM1d2C is greater than
zero, then HC-CM1d2 should not equal the sum of HC-NM1d2A
through HC-NM1d2C.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1d2C should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1d2C should be null.
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhdmk116 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhdmk117 ne null and
bhdmk117 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhdmk117 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhdmk118 ne null and
bhdmk118 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhdmk118 eq null
If previous year June HC-12 is less than $5 billion, then HCNM1e1A through HC-NM1e2C should be null.
If HC-NM1e1A (previous) is greater than zero and HC-NM1e1B
(previous) is greater than zero and the sum of HC-NM1e1A
(previous) and HC-NM1e1B (previous) is greater than $1 million,
then the sum of HC-NM1e1A (current) and HC-NM1e1B (current)
should be greater than zero.
If the sum of HC-NM1e1A through HC-NM1e1C is greater than
zero, then HC-CM1e1 should not equal the sum of HC-NM1e1A
through HC-NM1e1C.
If HC-NM1e2A (previous) is greater than zero and HC-NM1e2B
(previous) is greater than zero and the sum of HC-NM1e2A
(previous) and HC-NM1e2B (previous) is greater than $1 million,
then the sum of HC-NM1e2A (current) and HC-NM1e2B (current)
should be greater than zero.
If the sum of HC-NM1e2A through HC-NM1e2C is greater than
zero, then HC-CM1e2 should not equal the sum of HC-NM1e2A
through HC-NM1e2C.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1e3A should not be null and should not be
negative.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1e3B should not be null and should not be
negative.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1e3C should not be null and should not be
negative.
if (bhdmk117 + bhdmk118 + bhdmk119) gt 0 then (bhdmk162
ne (bhdmk117 + bhdmk118 + bhdmk119))
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhdmk119 ne null and
bhdmk119 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhdmk119 eq null
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06
and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)
then bhckk120 eq null and bhckk121 eq null and bhckk122 eq
null and bhckk123 eq null and bhckk124 eq null and bhckk125
eq null
if (bhckk120-q2 gt 0 and bhckk121-q2 gt 0) and (bhckk120-q2 +
bhckk121-q2) gt 1000 then (bhckk120-q1 + bhckk121-q1) gt 0
if (bhckk120 + bhckk121 + bhckk122) gt 0 then (bhckk163 ne
(bhckk120 + bhckk121 + bhckk122))
if (bhckk123-q2 gt 0 and bhckk124-q2 gt 0) and (bhckk123-q2 +
bhckk124-q2) gt 1000 then (bhckk123-q1 + bhckk124-q1) gt 0
if (bhckk123 + bhckk124 + bhckk125) gt 0 then (bhckk164 ne
(bhckk123 + bhckk124 + bhckk125))
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckkx66 ne null and
bhckkx66 ge 0
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckkx67 ne null and
bhckkx67 ge 0
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckkx68 ne null and
bhckkx68 ge 0
FR Y-9C: EDIT-51 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
FRY9C
20191231
99991231
No Change
HC-N
Quality
1290
HC-NM1e3A BHCKKX66
FRY9C
20191231
99991231
No Change
HC-N
Quality
1291
HC-NM1fA
BHCKK126
FRY9C
20191231
99991231
No Change
HC-N
Quality
1292
HC-NM1fA
BHCKK126
FRY9C
20191231
99991231
No Change
HC-N
Quality
1293
HC-NM1fB
BHCKK127
FRY9C
20191231
99991231
No Change
HC-N
Quality
1294
HC-NM1fB
BHCKK127
FRY9C
20150331
99991231
No Change
HC-N
Quality
6700
HC-NM1fC
BHCKK128
FRY9C
20191231
99991231
No Change
HC-N
Quality
1295
HC-NM1fC
BHCKK128
FRY9C
20191231
99991231
No Change
HC-N
Quality
1296
HC-NM1fC
BHCKK128
FRY9C
20191231
99991231
No Change
HC-N
Quality
1297
HC-NM1f1A BHDMK130
FRY9C
20191231
99991231
No Change
HC-N
Quality
1298
HC-NM1f1A BHDMK130
FRY9C
20191231
99991231
No Change
HC-N
Quality
1299
HC-NM1f1B BHDMK131
FRY9C
20191231
99991231
No Change
HC-N
Quality
1300
HC-NM1f1B BHDMK131
FRY9C
20150331
99991231
No Change
HC-N
Quality
0466
HC-NM1f1C BHDMK132
FRY9C
20191231
99991231
No Change
HC-N
Quality
1301
HC-NM1f1C BHDMK132
FRY9C
20191231
99991231
No Change
HC-N
Quality
1302
HC-NM1f1C BHDMK132
FRY9C
20191231
99991231
No Change
HC-N
Quality
1303
HC-NM1f2A BHCKK138
FRY9C
20191231
99991231
No Change
HC-N
Quality
1304
HC-NM1f2A BHCKK138
FRY9C
20191231
99991231
No Change
HC-N
Quality
1305
HC-NM1f2B BHCKK139
FRY9C
20191231
99991231
No Change
HC-N
Quality
1306
HC-NM1f2B BHCKK139
FRY9C
20160930
99991231
No Change
HC-N
Quality
0468
HC-NM1f2C BHCKK140
September 2021
MDRM
Number
Edit Test
Alg Edit Test
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
For March and September, if previous year June HC-12 is less than
and bhck2170-q6 lt 5000000) then bhckkx66 eq null and
$5 billion, then HC-NM1e3A through HC-NM1e3C should be null.
bhckkx67 eq null and bhckkx68 eq null
For June and December, if previous year June HC-12 is less than $5 if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
billion, then HC-NM1fA should not be null and should not be
and bhck2170-q7 lt 5000000) then bhckk126 ne null and
negative.
bhckk126 ge 0
For March and September, if previous year June HC-12 is less than if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
$5 billion, then HC-NM1fA should be null.
and bhck2170-q6 lt 5000000) then bhckk126 eq null
For June and December, if previous year June HC-12 is less than $5 if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
billion, then HC-NM1fB should not be null and should not be
and bhck2170-q7 lt 5000000) then bhckk127 ne null and
negative.
bhckk127 ge 0
For March and September, if previous year June HC-12 is less than if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
$5 billion, then HC-NM1fB should be null.
and bhck2170-q6 lt 5000000) then bhckk127 eq null
If the sum of HC-NM1fA through HC-NM1fC is greater than zero,
if (bhckk126 + bhckk127 + bhckk128) gt 0 then (bhckk165 ne
then HC-CM1f should not equal the sum of HC-NM1fA through HC(bhckk126 + bhckk127 + bhckk128))
NM1fC.
For June and December, if previous year June HC-12 is less than $5 if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
billion, then HC-NM1fC should not be null and should not be
and bhck2170-q7 lt 5000000) then bhckk128 ne null and
negative.
bhckk128 ge 0
For March and September, if previous year June HC-12 is less than if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
$5 billion, then HC-NM1fC should be null.
and bhck2170-q6 lt 5000000) then bhckk128 eq null
For June and December, if previous year June HC-12 is less than $5 if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
billion, then HC-NM1f1A should not be null and should not be
and bhck2170-q7 lt 5000000) then bhdmk130 ne null and
negative.
bhdmk130 ge 0
For March and September, if previous year June HC-12 is less than if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
$5 billion, then HC-NM1f1A should be null.
and bhck2170-q6 lt 5000000) then bhdmk130 eq null
For June and December, if previous year June HC-12 is less than $5 if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
billion, then HC-NM1f1B should not be null and should not be
and bhck2170-q7 lt 5000000) then bhdmk131 ne null and
negative.
bhdmk131 ge 0
For March and September, if previous year June HC-12 is less than if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
$5 billion, then HC-NM1f1B should be null.
and bhck2170-q6 lt 5000000) then bhdmk131 eq null
If the sum of HC-NM1f1A through HC-NM1f1C is greater than
if (bhdmk130 + bhdmk131 + bhdmk132) gt 0 then (bhdmk166
zero, then HC-CM1f1 should not equal the sum of HC-NM1f1A
ne (bhdmk130 + bhdmk131 + bhdmk132))
through HC-NM1f1C.
For June and December, if previous year June HC-12 is less than $5 if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
billion, then HC-NM1f1C should not be null and should not be
and bhck2170-q7 lt 5000000) then bhdmk132 ne null and
negative.
bhdmk132 ge 0
For March and September, if previous year June HC-12 is less than if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
$5 billion, then HC-NM1f1C should be null.
and bhck2170-q6 lt 5000000) then bhdmk132 eq null
For June and December, if previous year June HC-12 is less than $5 if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
billion, then HC-NM1f2A should not be null and should not be
and bhck2170-q7 lt 5000000) then bhckk138 ne null and
negative.
bhckk138 ge 0
For March and September, if previous year June HC-12 is less than if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
$5 billion, then HC-NM1f2A should be null.
and bhck2170-q6 lt 5000000) then bhckk138 eq null
For June and December, if previous year June HC-12 is less than $5 if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
billion, then HC-NM1f2B should not be null and should not be
and bhck2170-q7 lt 5000000) then bhckk139 ne null and
negative.
bhckk139 ge 0
For March and September, if previous year June HC-12 is less than if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
$5 billion, then HC-NM1f2B should be null.
and bhck2170-q6 lt 5000000) then bhckk139 eq null
If the sum of HC-NM1f2A through HC-NM1f2C is greater than
if (bhckk138 + bhckk139 + bhckk140) gt 0 then (bhckk168 ne
zero, then HC-CM1f2 should not equal the sum of HC-NM1f2A
(bhckk138 + bhckk139 + bhckk140))
through HC-NM1f2C.
FR Y-9C: EDIT-52 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
FRY9C
20191231
99991231
No Change
HC-N
Quality
1307
HC-NM1f2C BHCKK140
FRY9C
20191231
99991231
No Change
HC-N
Quality
1308
HC-NM1f2C BHCKK140
FRY9C
20191231
99991231
No Change
HC-N
Quality
1309
HCNM1f3aA
BHCKK274
FRY9C
20191231
99991231
No Change
HC-N
Quality
1310
HCNM1f3aA
BHCKK274
FRY9C
20191231
99991231
No Change
HC-N
Quality
1311
HC-NM1f3aB BHCKK275
FRY9C
20191231
99991231
No Change
HC-N
Quality
1312
HC-NM1f3aB BHCKK275
FRY9C
20160930
99991231
No Change
HC-N
Quality
0481
HC-NM1f3aC BHCKK276
FRY9C
20191231
99991231
No Change
HC-N
Quality
1313
HC-NM1f3aC BHCKK276
FRY9C
20191231
99991231
No Change
HC-N
Quality
1314
HC-NM1f3aC BHCKK276
FRY9C
20191231
99991231
No Change
HC-N
Quality
1315
HCNM1f3bA
BHCKK277
FRY9C
20191231
99991231
No Change
HC-N
Quality
1316
HCNM1f3bA
BHCKK277
FRY9C
20191231
99991231
No Change
HC-N
Quality
1317
HCNM1f3bB
BHCKK278
FRY9C
20191231
99991231
No Change
HC-N
Quality
1318
HCNM1f3bB
BHCKK278
FRY9C
20160930
99991231
No Change
HC-N
Quality
0469
HC-NM1f3bC BHCKK279
FRY9C
20191231
99991231
No Change
HC-N
Quality
1319
HC-NM1f3bC BHCKK279
FRY9C
20191231
99991231
No Change
HC-N
Quality
1320
HC-NM1f3bC BHCKK279
FRY9C
20191231
99991231
No Change
HC-N
Quality
1321
HC-NM1f3cA BHCKK280
FRY9C
20191231
99991231
No Change
HC-N
Quality
1322
HC-NM1f3cA BHCKK280
FRY9C
20191231
99991231
No Change
HC-N
Quality
1323
HC-NM1f3cB BHCKK281
FRY9C
20191231
99991231
No Change
HC-N
Quality
1324
HC-NM1f3cB BHCKK281
September 2021
MDRM
Number
Edit Test
Alg Edit Test
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1f2C should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1f2C should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1f3aA should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1f3aA should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1f3aB should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1f3aB should be null.
If the sum of HC-NM1f3aA through HC-NM1f3aC is greater than
zero, then HC-CM1f3a should not equal the sum of HC-NM1f3aA
through HC-NM1f3aC.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1f3aC should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1f3aC should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1f3bA should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1f3bA should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1f3bB should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1f3bB should be null.
If the sum of HC-NM1f3bA through HC-NM1f3bC is greater than
zero, then HC-CM1f3b should not equal the sum of HC-NM1f3bA
through HC-NM1f3bC.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1f3bC should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1f3bC should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1f3cA should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1f3cA should be null.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1f3cB should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1f3cB should be null.
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckk140 ne null and
bhckk140 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhckk140 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckk274 ne null and
bhckk274 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhckk274 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckk275 ne null and
bhckk275 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhckk275 eq null
if (bhckk274 + bhckk275 + bhckk276) gt 0 then (bhckk098 ne
(bhckk274 + bhckk275 + bhckk276))
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckk276 ne null and
bhckk276 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhckk276 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckk277 ne null and
bhckk277 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhckk277 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckk278 ne null and
bhckk278 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhckk278 eq null
if (bhckk277 + bhckk278 + bhckk279) gt 0 then (bhckk203 ne
(bhckk277 + bhckk278 + bhckk279))
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckk279 ne null and
bhckk279 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhckk279 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckk280 ne null and
bhckk280 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhckk280 eq null
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckk281 ne null and
bhckk281 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhckk281 eq null
FR Y-9C: EDIT-53 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20160930
99991231
No Change
HC-N
Quality
0470
HC-NM1f3cC BHCKK282
FRY9C
20191231
99991231
No Change
HC-N
Quality
1325
HC-NM1f3cC BHCKK282
FRY9C
20191231
99991231
No Change
HC-N
Quality
1326
HC-NM1f3cC BHCKK282
FRY9C
FRY9C
FRY9C
FRY9C
20200331
20200331
20200331
20150331
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
HC-N
HC-N
HC-N
HC-N
Quality
Quality
Quality
Quality
9520
9520
9520
9520
HC-NM1gA
HC-NM1gB
HC-NM1gC
HC-NM2A
BHCKHK26
BHCKHK27
BHCKHK28
BHCK6558
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 6702
HC-NM2B
BHCK6559
FRY9C
20150331
99991231
No Change
HC-N
Quality
9520
HC-NM2B
BHCK6559
FRY9C
20191231
99991231
No Change
HC-N
Quality
6705
HC-NM2C
BHCK6560
If previous year June HC-12 is greater than or equal to $5 billion,
and the sum of HC-NM2A, HC-NM2B, and HC-NM2C is greater
than $1 million, then the sum of HC-NM2A, HC-NM2B, and HCNM2C divided by HC-CM2 should not exceed tolerance of 50%.
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
No Change
HC-N
HC-N
HC-N
HC-N
HC-N
Quality
Quality
Quality
Quality
Quality
9520
9520
9520
9520
9520
HC-NM2C
HC-NM3A
HC-NM3B
HC-NM3C
HC-NM5aA
BHCK6560
BHCK3508
BHCK1912
BHCK1913
BHCKC240
HC-NM2C should not be null and should not be negative.
HC-NM3A should not be null and should not be negative.
HC-NM3B should not be null and should not be negative.
HC-NM3C should not be null and should not be negative.
HC-NM5aA should not be null and should not be negative.
If HC-NM5aA (previous) is greater than zero and HC-NM5aB
(previous) is greater than zero and the sum of HC-NM5aA
if (bhckc240-q2 gt 0 and bhckc241-q2 gt 0) and (bhckc240-q2 +
(previous) and HC-NM5aB (previous) is greater than $1 million and bhckc241-q2) gt 1000 and (bhck5369-q1 gt 0) then (bhckc240HC-4a (current) is greater than zero, then the sum of HC-NM5aA q1 + bhckc241-q1) gt 0
(current) and HC-NM5aB (current) should be greater than zero.
FRY9C
20150331
99991231
No Change
HC-N
Intraseries 6725
HC-NM5aB
BHCKC241
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
HC-N
HC-N
HC-N
HC-N
Quality
Quality
Quality
Quality
HC-NM5aB
HC-NM5aC
HC-NM6A
HC-NM6B
BHCKC241
BHCKC226
BHCK3529
BHCK3530
FRY9C
20191231
99991231
No Change
HC-N
Intraseries 6759
HC-NM7
BHCKC410
FRY9C
20190331
99991231
No Change
HC-N
Quality
9540
HC-NM7
BHCKC410
FRY9C
20190331
99991231
No Change
HC-N
Quality
9540
HC-NM8
BHCKC411
FRY9C
20190630
99991231
No Change
HC-C
Quality
1009
HC-NM9aC
BHCKL185
FRY9C
20190630
99991231
No Change
HC-N
Quality
1000
HC-NM9bA
BHCKL186
September 2021
9520
9520
9530
9530
Edit Test
If the sum of HC-NM1f3cA through HC-NM1f3cC is greater than
zero, then HC-CM1f3c should not equal the sum of HC-NM1f3cA
through HC-NM1f3cC.
For June and December, if previous year June HC-12 is less than $5
billion, then HC-NM1f3cC should not be null and should not be
negative.
For March and September, if previous year June HC-12 is less than
$5 billion, then HC-NM1f3cC should be null.
HC-NM1gA should not be null and should not be negative.
HC-NM1gB should not be null and should not be negative.
HC-NM1gC should not be null and should not be negative.
HC-NM2A should not be null and should not be negative.
If HC-NM2A (previous) is greater than zero and HC-NM2B
(previous) is greater than zero and the sum of HC-NM2A
(previous) and HC-NM2B (previous) is greater than $1 million and
HC-CM2 (current) is greater than zero, then the sum of HC-NM2A
(current) and HC-NM2B (current) should be greater than zero.
HC-NM2B should not be null and should not be negative.
HC-NM5aB should not be null and should not be negative.
HC-NM5aC should not be null and should not be negative.
HC-NM6A should not be negative.
HC-NM6B should not be negative.
For June and December reporting periods, if HC-N9C (current
minus previous) is greater than zero, then HC-NM7 should be
greater than or equal to HC-N9C (current minus previous).
For June and December reporting periods, HC-NM7 should not be
null and should not be negative.
For June and December reporting periods, HC-NM8 should not be
null and should not be negative.
For June and December reporting periods, HC-CM5a should be
greater than or equal to the sum of HC-NM9aA, HC-NM9aB, and
HC-NM9aC.
For June and December reporting periods, HC-NM9aA should be
greater than or equal to HC-NM9bA.
Alg Edit Test
if (bhckk280 + bhckk281 + bhckk282) gt 0 then (bhckk204 ne
(bhckk280 + bhckk281 + bhckk282))
if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12
and bhck2170-q7 lt 5000000) then bhckk282 ne null and
bhckk282 ge 0
if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09
and bhck2170-q6 lt 5000000) then bhckk282 eq null
bhckhk26 ne null and bhckhk26 ge 0
bhckhk27 ne null and bhckhk27 ge 0
bhckhk28 ne null and bhckhk28 ge 0
bhck6558 ne null and bhck6558 ge 0
if (bhck6558-q2 gt 0 and bhck6559-q2 gt 0) and (bhck6558-q2 +
bhck6559-q2) gt 1000 and bhck2746-q1 gt 0 then (bhck6558-q1
+ bhck6559-q1) gt 0
bhck6559 ne null and bhck6559 ge 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and bhck2746 ne 0 and (bhck6558 + bhck6559 +
bhck6560) gt 1000 then ((bhck6558 + bhck6559 + bhck6560) /
bhck2746) * 100 le 50
bhck6560 ne null and bhck6560 ge 0
bhck3508 ne null and bhck3508 ge 0
bhck1912 ne null and bhck1912 ge 0
bhck1913 ne null and bhck1913 ge 0
bhckc240 ne null and bhckc240 ge 0
bhckc241 ne null and bhckc241 ge 0
bhckc226 ne null and bhckc226 ge 0
bhck3529 ge 0 or bhck3529 eq null
bhck3530 ge 0 or bhck3530 eq null
if (mm-q1 eq 06 or mm-q1 eq 12) and (bhck1403-q1 - bhck1403q2) gt 0 then bhckc410 ge (bhck1403-q1 - bhck1403-q2)
if (mm-q1 eq 06 or mm-q1 eq 12) then bhckc410 ne null and
bhckc410 ge 0
if (mm-q1 eq 06 or mm-q1 eq 12) then bhckc411 ne null and
bhckc411 ge 0
if (mm-q1 eq 06 or mm-q1 eq 12) then bhckc779 ge (bhckl183 +
bhckl184 + bhckl185)
if (mm-q1 eq 06 or mm-q1 eq 12) then bhckl183 ge bhckl186
FR Y-9C: EDIT-54 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20190630
99991231
No Change
HC-N
Quality
1006
HC-NM9bA
BHCKL186
FRY9C
20190630
99991231
No Change
HC-N
Quality
1001
HC-NM9bB
BHCKL187
FRY9C
20190630
99991231
No Change
HC-N
Quality
1007
HC-NM9bB
BHCKL187
FRY9C
20190630
99991231
No Change
HC-N
Quality
1002
HC-NM9bC
BHCKL188
FRY9C
20190630
99991231
No Change
HC-N
Quality
1008
HC-NM9bC
BHCKL188
FRY9C
20190630
99991231
No Change
HC-C
Quality
1010
HC-NM9bC
BHCKL188
FRY9C
20210930
99991231
Added
FRY9C
20210930
99991231
Added
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20200331
20200331
20180630
20180630
20190630
20190630
20180630
20180630
99991231
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
No Change
Cover
Page
Cover
Page
HC-P
HC-P
HC-P
HC-P
HC-P
HC-P
HC-P
HC-P
HC-P
HC-P
FRY9C
20200630
99991231
No Change
HC-Q
Intraseries 0156
HC-Q1A
BHCYJA36
FRY9C
20200630
99991231
No Change
HC-Q
Intraseries 0157
HC-Q2A
BHCKG478
FRY9C
20191231
99991231
No Change
HC-Q
Intraseries 0338
HC-Q3A
BHCKG483
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0445
HC-Q3A
BHCKG483
FRY9C
20191231
99991231
No Change
HC-Q
Intraseries 0339
HC-Q4A
BHCKG488
FRY9C
20150331
99991231
No Change
HC-Q
Quality
HC-Q4A
BHCKG488
September 2021
Interseries 0054
Interseries 0055
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
Quality
9550
9550
9551
9552
9550
9550
9550
9550
9550
9550
0446
Confidentiali
ty Checkbox
Confidentiali
ty Checkbox
HC-P7a
HC-P7b
HC-P7c
HC-P7c
HC-P1
HC-P2
HC-P3
HC-P4
HC-P5
HC-P6
BHCKC447
BHCKKY38
BHCKL191
BHCKL192
BHCKM288
BHCKM288
BHCKHT81
BHCKHT82
BHCKFT04
BHCKFT05
BHCKHT85
BHCKHT86
Edit Test
Alg Edit Test
For June and December reporting periods, if HC-NM9aA is greater
than 0, then HC-NM9bA should be greater than 0.
For June and December reporting periods, HC-NM9aB should be
greater than or equal to HC-NM9bB.
For June and December reporting periods, if HC-NM9aB is greater
than 0, then HC-NM9bB should be greater than 0.
For June and December reporting periods, HC-NM9aC should be
greater than or equal to HC-NM9bC.
For June and December reporting periods, if HC-NM9aC is greater
than 0, then HC-NM9bC should be greater than 0.
For June and December reporting periods, HC-CM5b should be
greater than or equal to the sum of HC-NM9bA, HC-NM9bB, and
HC-NM9bC.
If BHCKC447 eq 1, then BHCPC447 eq 1; else, if BHCKC447 eq 0,
then BHCPC447 eq 0.
If BHCKKY38 eq 1, then BHCPKY38 eq 1; else, if BHCKKY38 eq 0,
then BHCPKY38 eq 0.
HC-P7a should not be negative.
HC-P7b should not be negative.
HC-P7c should not be negative.
HC-P7c should equal the sum of HC-P7a and HC-P7b
HC-P1 should not be negative.
HC-P2 should not be negative.
HC-P3 should not be negative.
HC-P4 should not be negative.
HC-P5 should not be negative.
HC-P6 should not be negative.
if (mm-q1 eq 06 or mm-q1 eq 12) and if bhckl183 gt 0 then
bhckl186 gt 0
if (mm-q1 eq 06 or mm-q1 eq 12) then bhckl184 ge bhckl187
if (mm-q1 eq 06 or mm-q1 eq 12) and if bhckl184 gt 0 then
bhckl187 gt 0
if (mm-q1 eq 06 or mm-q1 eq 12) then bhckl185 ge bhckl188
if (mm-q1 eq 06 or mm-q1 eq 12) and if bhckl185 gt 0 then
bhckl188 gt 0
if (mm-q1 eq 06 or mm-q1 eq 12) then bhckc780 ge (bhckl186 +
bhckl187 + bhckl188)
If BHCKC447 eq 1, then BHCPC447 eq 1; else, if BHCKC447 eq 0,
then BHCPC447 eq 0.
If BHCKKY38 eq 1, then BHCPKY38 eq 1; else, if BHCKKY38 eq 0,
then BHCPKY38 eq 0.
bhckl191 ge 0 or bhckl191 eq null
bhckl192 ge 0 or bhckl192 eq null
bhckm288 ge 0
(bhckl191 + bhckl192) eq bhckm288
bhckht81 ge 0 or bhckht81 eq null
bhckht82 ge 0 or bhckht82 eq null
bhckFT04 ge 0 or bhckFT04 eq null
bhckFT05 ge 0 or bhckFT05 eq null
bhckht85 ge 0 or bhckht85 eq null
bhckht86 ge 0 or bhckht86 eq null
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-Q1A (previous) is not equal to zero or null, then HC-Q1A bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(current) should not equal zero or null.
ge 5000000)) and ((bhcyja36-q2 ne 0) and (bhcyja36-q2 ne
null)) then ((bhcyja36-q1 ne 0) and (bhcyja36-q1 ne null))
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1
If previous year June HC-12 is greater than or equal to $5 billion,or eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 and
BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, If HC-Q2A
bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6
(previous) is not equal to zero or null, then HC-Q2A (current)
ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000))
should not equal zero or null.
and ((bhckg478-q2 ne 0) and (bhckg478-q2 ne null)) then
((bhckg478-q1 ne 0) and (bhckg478-q1 ne null))
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-Q3A (previous) is not equal to zero or null, then HC-Q3A bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(current) should not equal zero or null.
ge 5000000)) and ((bhckg483-q2 ne 0) and (bhckg483-q2 ne
null)) then ((bhckg483-q1 ne 0) and (bhckg483-q1 ne null))
HC-Q3A should be less than or equal to HC-4a.
bhckg483 le bhck5369
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-Q4A (previous) is not equal to zero or null, then HC-Q4A bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(current) should not equal zero or null.
ge 5000000)) and ((bhckg488-q2 ne 0) and (bhckg488-q2 ne
null)) then ((bhckg488-q1 ne 0) and (bhckg488-q1 ne null))
HC-Q4A should be less than or equal to HC-4b.
bhckg488 le bhckb528
FR Y-9C: EDIT-55 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
Edit Test
FRY9C
20200630
99991231
No Change
HC-Q
Intraseries 0161
HC-Q5aA
BHCT3543
If previous year June HC-12 is greater than or equal to $5 billion,
and HC-Q5aA (previous) is not equal to zero or not null, then HCQ5aA (current) should not be zero or null.
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0068
HC-Q5b1A
BHCKF240
HC-Q5b1A should be less than or equal to HC-Q5bA.
FRY9C
20200630
99991231
No Change
HC-Q
Intraseries 0158
HC-Q5b1A
BHCKF240
If previous year June HC-12 is greater than or equal to $5 billion,
and HC-Q5b1A (previous) is not equal to zero or null, then HCQ5b1A (current) should not equal zero or null.
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
99991231
99991231
99991231
No Change
No Change
No Change
HC-Q
HC-Q
HC-Q
Quality
Quality
Quality
0222
0069
0070
HC-Q5b1C
HC-Q5b1D
HC-Q5b1E
BHCKF692
BHCKF241
BHCKF242
FRY9C
20180930
99991231
No Change
HC-Q
Quality
0063
HC-Q5bA
BHCKG497
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0065
HC-Q5bA
BHCKG497
FRY9C
20191231
99991231
No Change
HC-Q
Intraseries 0341
HC-Q5bA
BHCKG497
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0223
HC-Q5bB
BHCKG498
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0224
HC-Q5bC
BHCKG499
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0066
HC-Q5bD
BHCKG500
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0067
HC-Q5bE
BHCKG501
FRY9C
20201231
99991231
No Change
HC-Q
Intraseries 0159
HC-Q6A
BHCKG391
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0379
HC-Q6A
BHCKG391
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0380
HC-Q6C
BHCKG395
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0381
HC-Q6D
BHCKG396
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0382
HC-Q6E
BHCKG804
FRY9C
20200630
99991231
No Change
HC-Q
Intraseries 0163
HC-Q7A
BHCKG502
September 2021
Alg Edit Test
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and ((bhct3543-q2 ne 0) and (bhct3543-q2 ne
null)) then ((bhct3543-q1 ne 0) and (bhct3543-q1 ne null)).
bhckf240 le bhckg497
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and ((bhckf240-q2 ne 0) and (bhckf240-q2 ne
null)) then ((bhckf240-q1 ne 0) and (bhckf240-q1 ne null))
bhckf692 le bhckg499
bhckf241 le bhckg500
bhckf242 le bhckg501
HC-Q5b1C should be less than or equal to HC-Q5bC.
HC-Q5b1D should be less than or equal to HC-Q5bD.
HC-Q5b1E should be less than or equal to HC-Q5bE.
If HC-Q5aA is not null, then the sum of HC-Q5aA and HC-Q5bA
if bhct3543 ne null then (bhct3543 + bhckg497) eq bhck3545
should equal HC-5.
If HC-Q5b1A is not equal to zero or null, then HC-Q5bA should not if (bhckf240 ne 0 and bhckf240 ne null) then (bhckg497 ne 0
equal zero or null.
and bhckg497 ne null)
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-Q5bA (previous) is not equal to zero or not null, then HC- bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
Q5bA (current) should not be zero or null.
ge 5000000)) and ((bhckg497-q2 ne 0) and (bhckg497-q2 ne
null)) then ((bhckg497-q1 ne 0) and (bhckg497-q1 ne null)).
If HC-Q5b1B is not equal to zero or null, then HC-Q5bB should not if (bhckf684 ne 0 and bhckf684 ne null) then (bhckg498 ne 0
equal zero or null.
and bhckg498 ne null)
If HC-Q5b1C is not equal to zero or null, then HC-Q5bC should not if (bhckf692 ne 0 and bhckf692 ne null) then (bhckg499 ne 0
equal zero or null.
and bhckg499 ne null)
If HC-Q5b1D is not equal to zero or null, then HC-Q5bD should not if (bhckf241 ne 0 and bhckf241 ne null) then (bhckg500 ne 0
equal zero or null.
and bhckg500 ne null)
If HC-Q5b1E is not equal to zero or null, then HC-Q5bE should not if (bhckf242 ne 0 and bhckf242 ne null) then (bhckg501 ne 0
equal zero or null.
and bhckg501 ne null)
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-Q6A (previous) is not equal to zero or null, then HC-Q6A bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(current) should not equal zero or null.
ge 5000000)) and ((bhckg391-q2 ne 0) and (bhckg391-q2 ne
null)) then ((bhckg391-q1 ne 0) and (bhckg391-q1 ne null))
Sum of HC-QM1aA, HC-QM1bA, HC-QM1cA, HC-QM1dA, HC(bhckg536 + bhckg541 + bhckg546 + bhckg551 + bhckg556 +
QM1eA and HC-QM1fA should be less than or equal to HC-Q6A. bhckg561) le bhckg391
Sum of HC-QM1aC, HC-QM1bC, HC-QM1cC, HC-QM1dC, HC(bhckg538 + bhckg543 + bhckg548 + bhckg553 + bhckg558 +
QM1eC and HC-QM1fC should be less than or equal to HC-Q6C.
bhckg563) le bhckg395
Sum of HC-QM1aD, HC-QM1bD, HC-QM1cD, HC-QM1dD, HC(bhckg539 + bhckg544 + bhckg549 + bhckg554 + bhckg559 +
QM1eD and HC-QM1fD should be less than or equal to HC-Q6D. bhckg564) le bhckg396
Sum of HC-QM1aE, HC-QM1bE, HC-QM1cE, HC-QM1dE, HC(bhckg540 + bhckg545 + bhckg550 + bhckg555 + bhckg560 +
QM1eE and HC-QM1fE should be less than or equal to HC-Q6E.
bhckg565) le bhckg804
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-Q7A (previous) is not equal to zero or not null, then HCbhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
Q7A (current) should not be zero or null.
ge 5000000)) and ((bhckg502-q2 ne 0) and (bhckg502-q2 ne
null)) then ((bhckg502-q1 ne 0) and (bhckg502-q1 ne null)).
FR Y-9C: EDIT-56 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20210630
99991231
No Change
HC-Q
Quality
9556
HC-Q7A
BHCKG502
FRY9C
20200630
99991231
No Change
HC-Q
Intraseries 0160
HC-Q8A
BHCKF252
FRY9C
20191231
99991231
No Change
HC-Q
Intraseries 0342
HC-Q9A
BHCKG507
FRY9C
20191231
99991231
No Change
HC-Q
Intraseries 0343
HC-Q10aA
BHCT3547
FRY9C
20180930
99991231
No Change
HC-Q
Quality
0064
HC-Q10bA
BHCKG516
FRY9C
20191231
99991231
No Change
HC-Q
Intraseries 0344
HC-Q10bA
BHCKG516
FRY9C
20191231
99991231
No Change
HC-Q
Intraseries 0345
HC-Q11A
BHCKG521
FRY9C
20191231
99991231
No Change
HC-Q
Intraseries 0346
HC-Q12A
BHCKG526
FRY9C
20200630
99991231
No Change
HC-Q
Intraseries 0162
HC-Q13A
BHCKG805
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0383
HC-Q13A
BHCKG805
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0384
HC-Q13C
BHCKG807
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0385
HC-Q13D
BHCKG808
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0386
HC-Q13E
BHCKG809
September 2021
Edit Test
Alg Edit Test
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-Q7A is greater than zero and HI-Mem14a (previous) is not bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
null, then HI-Mem14a should not be zero or null.
ge 5000000)) and bhckg502 gt 0 and bhckf551-q2 ne null, then
bhckf551 ne 0 and bhckf551 ne null
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if previous year eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 and
June HC-12 is greater than or equal to $5 billion, and HC-Q8A
bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6
(previous) is not equal to zero or not null, then HC-Q8A (current) ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000))
should not be zero or null.
and ((bhckf252-q2 ne 0) and (bhckf252-q2 ne null)) then
((bhckf252-q1 ne 0) and (bhckf252-q1 ne null)).
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1
For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if previous year eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 and
June HC-12 is greater than or equal to $5 billion, and HC-Q9A
bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6
(previous) is not equal to zero or not null, then HC-Q9A (current) ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000))
should not be zero or null.
and ((bhckg507-q2 ne 0) and (bhckg507-q2 ne null)) then
((bhckg507-q1 ne 0) and (bhckg507-q1 ne null)).
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-Q10aA (previous) is not equal to zero or not null, then HC- bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
Q10aA (current) should not be zero or null.
ge 5000000)) and ((bhct3547-q2 ne 0) and (bhct3547-q2 ne
null)) then ((bhct3547-q1 ne 0) and (bhct3547-q1 ne null)).
If HC-Q10aA is not null, then the sum of HC-Q10aA and HC-Q10bA
if bhct3547 ne null then (bhct3547 + bhckg516) eq bhck3548
should equal HC-15.
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-Q10bA (previous) is not equal to zero or not null, then HC- bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
Q10bA (current) should not be zero or null.
ge 5000000)) and ((bhckg516-q2 ne 0) and (bhckg516-q2 ne
null)) then ((bhckg516-q1 ne 0) and (bhckg516-q1 ne null)).
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-Q11A (previous) is not equal to zero or not null, then HC- bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
Q11A (current) should not be zero or null.
ge 5000000)) and ((bhckg521-q2 ne 0) and (bhckg521-q2 ne
null)) then ((bhckg521-q1 ne 0) and (bhckg521-q1 ne null)).
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-Q12A (previous) is not equal to zero or not null, then HC- bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
Q12A (current) should not be zero or null.
ge 5000000)) and ((bhckg526-q2 ne 0) and (bhckg526-q2 ne
null)) then ((bhckg526-q1 ne 0) and (bhckg526-q1 ne null)).
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion, 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-Q13A (previous) is not equal to zero or not null, then HC- bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
Q13A (current) should not be zero or null.
ge 5000000)) and ((bhckg805-q2 ne 0) and (bhckg805-q2 ne
null)) then ((bhckg805-q1 ne 0) and (bhckg805-q1 ne null)).
Sum of HC-QM2aA, HC-QM2bA, HC-QM2cA, HC-QM2dA, HC(bhckf261 + bhckg566 + bhckg571 + bhckg576 + bhckg581 +
QM2eA and HC-QM2fA should be less than or equal to HC-Q13A. bhckg586) le bhckg805
Sum of HC-QM2aC, HC-QM2bC, HC-QM2cC, HC-QM2dC, HC(bhckf697 + bhckg568 + bhckg573 + bhckg578 + bhckg583 +
QM2eC and HC-QM2fC should be less than or equal to HC-Q13C. bhckg588) le bhckg807
Sum of HC-QM2aD, HC-QM2bD, HC-QM2cD, HC-QM2dD, HC(bhckf262 + bhckg569 + bhckg574 + bhckg579 + bhckg584 +
QM2eD and HC-QM2fD should be less than or equal to HC-Q13D. bhckg589) le bhckg808
Sum of HC-QM2aE, HC-QM2bE, HC-QM2cE, HC-QM2dE, HC(bhckf263 + bhckg570 + bhckg575 + bhckg580 + bhckg585 +
QM2eE and HC-QM2fE should be less than or equal to HC-Q13E. bhckg590) le bhckg809
FR Y-9C: EDIT-57 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
Edit Test
FRY9C
20200630
99991231
No Change
HC-Q
Intraseries 0347
HC-Q14A
BHCKG531
If previous year June HC-12 is greater than or equal to $5 billion,
and HC-Q14A (previous) is not equal to zero or not null, then HCQ14A (current) should not be zero or null.
FRY9C
20210630
99991231
No Change
HC-Q
Quality
9556
HC-Q14A
BHCKG531
If previous year June HC-12 is greater than or equal to $5 billion
and HC-Q14A is greater than zero and HI-Mem14b (previous) is
not null, then HI-Mem14b should not be zero or null.
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0355
HC-QM1cA
BHCKG546
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0356
HC-QM1cTX BHTXG546
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0357
HC-QM1dA
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0358
HC-QM1dTX BHTXG551
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0359
HC-QM1eA
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0360
HC-QM1eTX BHTXG556
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0361
HC-QM1fA
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0362
HC-QM1fTX BHTXG561
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0213
HC-QM2aA
BHCKF261
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0363
HC-QM2cA
BHCKG571
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0364
HC-QM2cTX BHTXG571
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0365
HC-QM2dA
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0366
HC-QM2dTX BHTXG576
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0367
HC-QM2eA
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0368
HC-QM2eTX BHTXG581
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0369
HC-QM2fA
FRY9C
20150331
99991231
No Change
HC-Q
Quality
0370
HC-QM2fTX BHTXG586
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
9690
HC-R(I)2a
BHCAJJ29
FRY9C
20160930
99991231
No Change
HC-R(I)
Quality
4010
HC-R(I)1
BHCAP742
September 2021
BHCKG551
BHCKG556
BHCKG561
BHCKG576
BHCKG581
BHCKG586
If financial data is not equal to null or zero, then text data should
not equal null.
If text data is not equal to null, then financial data should not
equal null or zero.
If financial data is not equal to null or zero, then text data should
not equal null.
If text data is not equal to null, then financial data should not
equal null or zero.
If financial data is not equal to null or zero, then text data should
not equal null.
If text data is not equal to null, then financial data should not
equal null or zero.
If financial data is not equal to null or zero, then text data should
not equal null.
If text data is not equal to null, then financial data should not
equal null or zero.
HC-QM2aA should be less than or equal to the sum of HC-L1a
through HC-L1c1 and HC-L1c2 through HC-L1e3.
If financial data is not equal to null or zero, then text data should
not equal null.
If text data is not equal to null, then financial data should not
equal null or zero.
If financial data is not equal to null or zero, then text data should
not equal null.
If text data is not equal to null, then financial data should not
equal null or zero.
If financial data is not equal to null or zero, then text data should
not equal null.
If text data is not equal to null, then financial data should not
equal null or zero.
If financial data is not equal to null or zero, then text data should
not equal null.
If text data is not equal to null, then financial data should not
equal null or zero.
If HC-R(I)2a is not null, then HC-R(I)2a should equal "0" for No, "1"
for Yes with a 3-year CECL Transition, or "2" for Yes with a 5-year
2020 CECL Transition.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, Sum of HC-24 and
HC-25 should be greater than or equal to HC-R(I)1.
Alg Edit Test
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and ((bhckg531-q2 ne 0) and (bhckg531-q2 ne
null)) then ((bhckg531-q1 ne 0) and (bhckg531-q1 ne null)).
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and bhckg531 gt 0 and bhckf553-q2 ne null, then
bhckf553 ne 0 and bhckf553 ne null
if bhckg546 ne null and bhckg546 ne 0 then bhtxg546 ne null
if bhtxg546 ne null then bhckg546 ne null and bhckg546 ne 0
if bhckg551 ne null and bhckg551 ne 0 then bhtxg551 ne null
if bhtxg551 ne null then bhckg551 ne null and bhckg551 ne 0
if bhckg556 ne null and bhckg556 ne 0 then bhtxg556 ne null
if bhtxg556 ne null then bhckg556 ne null and bhckg556 ne 0
if bhckg561 ne null and bhckg561 ne 0 then bhtxg561 ne null
if bhtxg561 ne null then bhckg561 ne null and bhckg561 ne 0
bhckf261 le (bhck3814 + bhckj455 + bhckj456 + bhck3816 +
bhck6550 + bhck3817 + bhckj457 + bhckj458 + bhckj459)
if bhckg571 ne null and bhckg571 ne 0 then bhtxg571 ne null
if bhtxg571 ne null then bhckg571 ne null and bhckg571 ne 0
if bhckg576 ne null and bhckg576 ne 0 then bhtxg576 ne null
if bhtxg576 ne null then bhckg576 ne null and bhckg576 ne 0
if bhckg581 ne null and bhckg581 ne 0 then bhtxg581 ne null
if bhtxg581 ne null then bhckg581 ne null and bhckg581 ne 0
if bhckg586 ne null and bhckg586 ne 0 then bhtxg586 ne null
if bhtxg586 ne null then bhckg586 ne null and bhckg586 ne 0
If bhcajj29 ne null then bhcajj29 eq 1 or bhcajj29 eq 0 or
bhcajj29 eq 2
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
(bhck3230 + bhck3240) ge bhcap742
FR Y-9C: EDIT-58 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
Edit Test
Alg Edit Test
FRY9C
20160930
99991231
No Change
HC-R(I)
Quality
4012
HC-R(I)3
BHCAB530
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, if the absolute value
covered SLHCs as defined by the final capital rule only, if
of HC-B8D minus HC-B8C is greater than $50K, then HC-R(I)3
abs(bhct1773 - bhck1772) gt 50, then bhcab530 ne 0
should not equal zero
FRY9C
20160930
99991231
No Change
HC-R(I)
Quality
4014
HC-R(I)3
BHCAB530
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if HI-M13 equals
zero, and the absolute value of HC-B8D minus HC-B8C is greater
than $250k, then HC-B8D minus HC-B8C should not equal HC-R(I)3
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcka530 eq 0 and abs(bhct1773 -bhck1772) gt 250, then
(bhct1773 -bhck1772) ne bhcab530
FRY9C
20180331
99991231
No Change
HC-R(I)
Quality
4016
HC-R(I)3
BHCAB530
FRY9C
20160930
99991231
No Change
HC-R(I)
Quality
4018
HC-R(I)3
BHCAB530
FRY9C
20180331
99991231
No Change
HC-R(I)
Intraseries 5117
HC-R(I)3a
BHCAP838
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
9600
HC-R(I)4
BHCAP839
FRY9C
20160930
99991231
No Change
HC-R(I)
Quality
4025
HC-R(I)4
BHCAP839
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
9600
HC-R(I)6
BHCAP841
FRY9C
20180630
99991231
No Change
HC-R(I)
Quality
4020
HC-R(I)6
BHCAP841
FRY9C
20180930
99991231
No Change
HC-R(I)
Quality
4030
HC-R(I)7
BHCAP842
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcap838 eq 0 then bhcab530 le bhckb530
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcap838 eq 1 , then bhcab530 eq bhckb530
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
(bhcap838-q2 ne null and bhcap838-q2 eq 0 or bhcap838-q2 eq
1) then (bhcap838-q1 eq bhcap838-q2)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcap839 ge 0 and bhcap839 ne null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcap839 le bhck3000
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcap841 ge 0 and bhcap841 ne null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcap841 le bhck3163
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
(bhcap842 le (bhckjf76 + 1)
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
4027
HC-R(I)8
BHCAP843
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
4027
HC-R(I)8
BHCAP843
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if HC-R(I)3a is equal
to zero, then HC-R(I)3 should be less than or equal to HC-26b.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if HC-R(I)3a is equal
to 1, then HC-R(I)3 should equal HC-26b
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(I)3a
(previous) is not null and equal to 0 or 1, then HC-R(I)3a (current)
should equal HC-R(I)3a (previous).
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(I)4 should not
be negative and should not be null.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(I)4 should be
less than or equal to HC-27B
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(I)6 should not
be negative and should not be null.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(I)6 should be
less than or equal to HC-M12b.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(I)7 should be
less than or equal to HC-M12c. (+1)
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule only, the sum of HC-R(I)8 and HC-R(I)15aA should be less than
or equal to HC-F2.
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule that only, the sum of HC-R(I)8 and HC-R(I)15bB should be less
than or equal to HC-F2.
BHCAP844
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if the absolute value
of HC-R(I)9a minus (HC-B8D minus HC-B8C) is greater than $100K,
then the sum of HC-F2 and HC-G2 should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
abs(bhcap844 - (bhct1773 - bhck1772)) gt 100, then (bhck2148
+ bhck3049) gt 0
BHCAP844
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if HC-R(I)3a equals
1 and if the absolute value of HC-B8D minus HC-B8C is greater
than $50k, then HC-R(I)9a should not equal zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcap838 eq 1 and if abs(bhct1773 - bhck1772) gt 50, then
bhcap844 ne 0
FRY9C
FRY9C
20160930
20160930
September 2021
99991231
99991231
No Change
No Change
HC-R(I)
HC-R(I)
Quality
Quality
4029
4031
HC-R(I)9a
HC-R(I)9a
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank
IHCs, Non-BHC IHCs and covered SLHCs as defined by the final
capital rule only, (bhcaP843 + bhcalb60) le bhck2148
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule only, (bhcaP843 + bhcwp855) le bhck2148
FR Y-9C: EDIT-59 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20160930
99991231
No Change
HC-R(I)
Quality
4032
HC-R(I)9a
BHCAP844
FRY9C
20190630
99991231
No Change
HC-R(I)
Quality
4036
HC-R(I)9e
BHCAP848
FRY9C
20160930
99991231
No Change
HC-R(I)
Quality
4038
HC-R(I)9f
BHCAP849
FRY9C
20160930
99991231
No Change
HC-R(I)
Quality
4039
HC-R(I)10b
BHCAP850
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
9600
HC-R(I)11B
BHCWP851
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
9600
HC-R(I)13aA BHCALB58
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
9600
HC-R(I)13bB BHCWP853
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
9600
HC-R(I)14aA BHCALB59
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
9600
HC-R(I)14bB BHCWP854
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
9600
HC-R(I)15aA BHCALB60
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
9600
HC-R(I)15bB BHCWP855
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
9600
HC-R(I)17A
BHCAP857
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
9600
HC-R(I)17B
BHCWP857
September 2021
Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if HI-M13 equals
zero and the absolute value of HC-B8D minus HC-B8C is greater
than $250K, then HC-R(I)9a should not equal HC-B8D minus HCB8C
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if HC-R(I)3a equals
1 and If HC-2a equals 0, then HC-R(I)9e should equal 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if HC-R(I)3 is not
equal to 0 and HC-R(I)3a is equal to zero, then HC-R(I)9f should
not be null.
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcka530 eq 0 and abs(bhct1773 - bhck1772) gt 250, then
bhcap844 ne (bhct1773 - bhck1772)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcap838 eq 1 and if bhckjj34 eq 0, then bhcap848 eq 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcab530 ne 0, and bhcap838 eq 0, then bhcap849 ne null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only,
SLHCs as defined by the final capital rule only, HC-R(I)10b
(bhcap850-q1 - bhcap850-q2) le 100 and (bhcap850-q1 (current) minus HC-R(I)10b (previous) should be +/- $100K
bhcap850-q2) ge -100
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule only, HC-R(I)11B should not be negative and should not be
rule only, bhcwp851 ge 0 and bhcwp851 ne null
null.
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank
Non-BHC IHCs and covered SLHCs as defined by the final capital
IHCs, Non-BHC IHCs and covered SLHCs as defined by the final
rule only, HC-R(I)13aA should not be negative and should not be
capital rule only, bhcalb58 ge 0 and bhcalb58 ne null
null.
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule only, HC-R(I)13bB should not be negative and should not be
rule only, bhcwp853 ge 0 and bhcwp853 ne null
null.
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank
Non-BHC IHCs and covered SLHCs as defined by the final capital
IHCs, Non-BHC IHCs and covered SLHCs as defined by the final
rule only, HC-R(I)14aA should not be negative and should not be
capital rule only, bhcalb59 ge 0 and bhcalb59 ne null
null.
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule only, HC-R(I)14bB should not be negative and should not be
rule only, bhcwp854 ge 0 and bhcwp854 ne null
null.
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank
Non-BHC IHCs and covered SLHCs as defined by the final capital
IHCs, Non-BHC IHCs and covered SLHCs as defined by the final
rule only, HC-R(I)15aA should not be negative and should not be
capital rule only, bhcalb60 ge 0 and bhcalb60 ne null
null.
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule only, HC-R(I)15bB should not be negative and should not be
rule only, bhcwp855 ge 0 and bhcwp855 ne null
null.
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank
Non-BHC IHCs and covered SLHCs as defined by the final capital
IHCs, Non-BHC IHCs and covered SLHCs as defined by the final
rule only, HC-R(I)17A should not be negative and should not be
capital rule only, bhcap857 ge 0 and bhcap857 ne null
null.
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule only, HC-R(I)17B should not be negative and should not be
rule only, bhcwp857 ge 0 and bhcwp857 ne null
null.
FR Y-9C: EDIT-60 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
4041
HC-R(I)17A
BHCAP857
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
4041
HC-R(I)17B
BHCWP857
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
4042
HC-R(I)17B
BHCWP857
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
4042
HC-R(I)17A
BHCAP857
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
9600
HC-R(I)20
BHCAP860
FRY9C
20160930
99991231
No Change
HC-R(I)
Quality
4040
HC-R(I)20
BHCAP860
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
9600
HC-R(I)21
BHCAP861
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
9600
HC-R(I)22
BHCAP862
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
9600
HC-R(I)24
BHCAP864
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
4043
HC-R(I)24
BHCAP864
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
9550
HC-R(I)25
BHCAP865
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
9600
HC-R(I)37
BHCAP866
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
9600
HC-R(I)38
BHCAP867
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
9600
HC-R(I)39
BHCAP868
September 2021
Edit Test
Alg Edit Test
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank
Non-BHC IHCs and covered SLHCs as defined by the final capital
IHCs, Non-BHC IHCs and covered SLHCs as defined by the final
rule only, if HC-R(I)23 is greater than HC-R(I)24, then HC-R(I)17A capital rule only, if bhcap863 gt bhcap864 then bhcap857 eq 0
should be equal to zero and should not be null
and bhcap857 ne null
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule only, if HC-R(I)23 is greater than HC-R(I)24, then HC-R(I)17B rule only, if bhcap863 gt bhcap864 then bhcwp857 eq 0 and
should be equal to zero and should not be null
bhcwp857 ne null
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule only, if HC-R(I)24 is greater than HC-R(I)23, then the sum of
rule only, if bhcap864 gt bhcap863 then (bhcwp857 +
HC-R(I)17B and HC-R(I)23 should equal HC-R(I)24
bhcap863) eq bhcap864
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank
Non-BHC IHCs and covered SLHCs as defined by the final capital
IHCs, Non-BHC IHCs and covered SLHCs as defined by the final
rule only, if HC-R(I)24 is greater than HC-R(I)23, then the sum of
capital rule only, if bhcap864 gt bhcap863 then (bhcap857 +
HC-R(I)17A and HC-R(I)23 should equal HC-R(I)24.
bhcap863) eq bhcap864
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(I)20 should
covered SLHCs as defined by the final capital rule only,
not be negative and should not be null.
bhcap860 ge 0 and bhcap860 ne null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, Sum of HC-23 and covered SLHCs as defined by the final capital rule only,
HC-19b should be greater than or equal to HC-R(I)20.
(bhck3283 + bhckc699) ge bhcap860
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(I)21 should
covered SLHCs as defined by the final capital rule only,
not be negative and should not be null.
bhcap861 ge 0 and bhcap861 ne null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(I)22 should
covered SLHCs as defined by the final capital rule only,
not be negative and should not be null.
bhcap862 ge 0 and bhcap862 ne null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(I)24 should
covered SLHCs as defined by the final capital rule only,
not be negative and should not be null.
bhcap864 ge 0 and bhcap864 ne null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, if HC-R(I)43 is
covered SLHCs as defined by the final capital rule only, if
greater than HC-R(I)42a, then HC-R(I)24 should be greater than HCbhcap872 gt bhcap870, then bhcap864 gt (bhcap872-bhcap870)
R(I)43 minus HC-R(I)42a.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(I)25 should
covered SLHCs as defined by the final capital rule only,
not be negative and should not be null.
bhcap865 ge 0 and bhcap865 ne null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule that do not plan to adopt
covered SLHCs as defined by the final capital rule only, if
the CBLR framework only, if HC-R(I)31a is zero, then HC-R(I)37
bhcale74 eq 0, then bhcap866 ge 0 and bhcap866 ne null
should not be negative and should not be null.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule that do not plan to adopt
covered SLHCs as defined by the final capital rule only, if
the CBLR framework only, if HC-R(I)31a is zero, then HC-R(I)38
bhcale74 eq 0, then bhcap867 ge 0 and bhcap867 ne null
should not be negative and should not be null.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule that do not plan to adopt
covered SLHCs as defined by the final capital rule only, if
the CBLR framework only, if HC-R(I)31a is zero, then HC-R(I)39
bhcale74 eq 0, then bhcap868 ge 0 and bhcap868 ne null
should not be negative and should not be null.
FR Y-9C: EDIT-61 of 98
NONCONFIDENTIAL // EXTERNAL
Series
FRY9C
Effective Start
Date
20201231
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
99991231
Edit Change Schedule Edit Type
No Change
HC-R(I)
Quality
Edit
Number
9600
TargetItem
HC-R(I)40a
MDRM
Number
BHCA5310
FRY9C
20210930
99991231
Revised
HC-R(I)
Quality
4049
HC-R(I)40a
BHCA5310
FRY9C
20210930
99991231
Revised
HC-R(I)
Quality
4051
HC-R(I)40a
BHCA5310
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
9610
HC-R(I)40b
BHCW5310
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
9620
HC-R(I)43
BHCAP872
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
4052
HC-R(I)43
BHCAP872
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
4054
HC-R(I)43
BHCAP872
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
9550
HC-R(I)44a
BHCA5311
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
9550
HC-R(I)44b
BHCW5311
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
4045
HC-R(I)28
BHCAP875
FRY9C
FRY9C
20200630
20200630
September 2021
99991231
99991231
No Change
No Change
HC-R(I)
HC-R(I)
Quality
Quality
4045
4046
HC-R(I)28
HC-R(I)28
BHCAP875
BHCAP875
Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule that do not plan to adopt
the CBLR framework only, if HC-R(I)31a is 0, then HC-R(I)40a
should not be negative and should not be null.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if HC-R(I)2a is null
and HC-4c minus HI-B(II)M1 plus HC-G3 is greater than 1.25
percent of HC-R(II)26, then HC-R(I)40a should equal 1.25 percent
of HC-R(II)26 +/- 5k.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if HC-R(I)2a eq 0
and (HI-B(II)7A plus HI-B(II)7B plus HC-B(II)M6 minus ((HCR(II)M5a through HC-R(II)M5c) minus (HI-B(II)M1 plus HC-G3)) is
greater than 1.25 percent of HC-R(II)26, then HC-R(I)40a should be
equal to 1.25 percent of HC-R(II)26 +/- 5k.
For advanced approaches HCs that exit parallel run only, HCR(I)40b should not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule that do not plan to adopt
the CBLR framework only, if HC-R(I)31a is zero, then HC-R(I)43
should not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(I)43 should be
less than or equal to HC-R(I)42a.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if HC-R(I)42b is
greater than zero, then HC-R(I)43 should be less than or equal to
HC-R(I)42b.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule that do not plan to adopt
the CBLR framework only, if HC-R(I)31a is zero then HC-R(I)44a
should not be negative and should not be null.
For Advanced Approaches HCs that have exited parallel run, HCR(I)44b should not be negative and should not be null.
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule only, if HC-R(I)24 does not equal zero or null, then the sum of
HC-R(I)6 through HC-R(I)8, HC-R(I)10b, HC-R(I)11B, HC-R(I)13bB,
HC-R(I)14bB, HC-R(I)15bB, HC-R(I)16B, and HC-R(I)17B should be
less than or equal to HC-R(I)28.
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule only, if HC-R(I)24 does not equal zero or null, then the sum of
HC-R(I)6 through HC-R(I)8, HC-R(I)10b, HC-R(I)13aA, HC-R(I)14aA,
HC-R(I)15aA, and HC-R(I)17A should be less than or equal to HCR(I)28.
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule only, if HC-R(I)24 does not equal zero or null, then the sum of
HC-R(I)6 through HC-R(I)8, HC-R(I)10b, HC-R(I)11B, HC-R(I)13bB,
HC-R(I)14bB, HC-R(I)15bB, HC-R(I)16B, HC-R(I)17B and HC-R(I)24
should be greater than or equal to HC-R(I)28.
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcale74 eq 0, then bhca5310 ge 0 and bhca5310 ne null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcajj29 eq null and (bhck3123 -bhckc435 + bhckb557) gt
(.0125 * bhcks580) then (bhca5310 le (.0125 * bhcks580) + 5
and bhca5310 ge (.0125 * bhcks580) - 5).
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcajj29 eq 0 and ((bhct3123 + bhctjh93 + bhckjj03) - (bhckjj30
+ bhckjj31 + bhckjj32) - (bhckc435 + bhckb557)) ge (0.0125 *
bhcks580), then (bhca5310 le (0.0125 * bhcks580) + 5) and
bhca5310 ge (.0125 * bhcks580) - 5).
For advanced approaches HCs that exit parallel run only
bhcw5310 ne null and bhcw5310 ge 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcale74 eq 0, then bhcap872 ne null and bhcap872 ge 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcap872 le bhcap870
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcwp870 gt 0, then bhcap872 le bhcwp870
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcale74 eq 0, then bhca5311 ge 0 and bhca5311 ne null
For Advanced Approaches HCs that have exited parallel run,
bhcw5311 ge 0 and bhcw5311 ne null
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final
capital rule only, if bhcap864 ne 0 and bhcap864 ne null, then
(bhcap841 + bhcap842 + bhcap843 + bhcap850 + bhcwp851 +
bhcwp853 + bhcwp854 + bhcwp855 + bhcwp856 + bhcwp857)
le bhcap875
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank
IHCs, Non-BHC IHCs and covered SLHCs as defined by the final
capital rule only, if bhcap864 ne 0 and bhcap864 ne null, then
(bhcap841 + bhcap842 + bhcap843 + bhcap850 + bhcalb58 +
bhcalb59 + bhcalb60 + bhcap857) le bhcap875
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final
capital rule only, if bhcap864 ne 0 and bhcap864 ne null, then
(bhcap841 + bhcap842 + bhcap843 + bhcap850 + bhcwp851 +
bhcwp853 + bhcwp854 + bhcwp855 + bhcwp856 + bhcwp857 +
bhcap864) ge bhcap875
FR Y-9C: EDIT-62 of 98
NONCONFIDENTIAL // EXTERNAL
Series
FRY9C
FRY9C
Effective Start
Date
20200630
20200630
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
99991231
99991231
Edit Change Schedule Edit Type
No Change
No Change
HC-R(I)
HC-R(I)
Quality
Quality
Edit
Number
4046
4047
TargetItem
HC-R(I)28
HC-R(I)28
MDRM
Number
BHCAP875
BHCAP875
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
4046
HC-R(I)28
BHCAP875
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
4050
HC-R(I)40a
BHCA5310
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
9620
HC-R(I)46a
BHCAA223
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
4055
HC-R(I)46a
BHCAA223
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
9630
HC-R(I)46b
BHCWA223
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
4060
HC-R(I)47A
BHCAP793
FRY9C
20201231
99991231
No Change
HC-R(I)
Quality
4061
HC-R(I)47A
BHCAP793
FRY9C
20200630
99991231
No Change
HC-R(I)
Quality
4060
HC-R(I)47B
BHCWP793
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
4070
HC-R(I)47B
BHCWP793
September 2021
Edit Test
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule only, if HC-R(I)24 does not equal zero or null, then the sum of
HC-R(I)6 through HC-R(I)8, HC-R(I)10b, HC-R(I)13aA, HC-R(I)14aA,
HC-R(I)15aA, HC-R(I)17A and HC-R(I)24 should be greater than or
equal to HC-R(I)28.
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule only, if HC-R(I)12A is null, then Sum of HC-R(I)6 through HCR(I)8, HC-R(I)10b, HC-R(I)11B, HC-R(I)13bB, HC-R(I)14bB, HCR(I)15bB, HC-R(I)16B, HC-R(I)17B and HC-R(I)24 should be greater
than or equal to HC-R(I)28.
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule only, if HC-R(I)12A is not null, then sum of HC-R(I)6 through
HC-R(I)8, HC-R(I)10b, HC-R(I)13aA, HC-R(I)14aA, HC-R(I)15aA, and
HC-R(I)17A and HC-R(I)24 should be greater than or equal to HCR(I)28.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(I)40a should
be less than or equal to 1.25 percent of HC-R(II)26 (+ .01 percent).
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule that do not plan to adopt
the CBLR framework only, if HC-R(I)31a is zero, then HC-R(I)46a
should not be null and should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(I)46a should
equal HC-R(II)31.
For advanced approaches HCs that exit parallel run only, HCR(I)46b should not be null and should not be negative.
Alg Edit Test
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank
IHCs, Non-BHC IHCs and covered SLHCs as defined by the final
capital rule only, if bhcap864 ne 0 and bhcap864 ne null, then
(bhcap841 + bhcap842 + bhcap843 + bhcap850 + bhcalb58 +
bhcalb59 + bhcalb60 + bhcap857 + bhcap864) ge bhcap875
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final
capital rule only, if bhcap852 eq null. then (bhcap841 +
bhcap842 + bhcap843 + bhcap850 + bhcwp851 + bhcwp853 +
bhcwp854 + bhcwp855 + bhcwp856 + bhcwp857 + bhcap864)
ge bhcap875
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank
IHCs, Non-BHC IHCs and covered SLHCs as defined by the final
capital rule only, if bhcap852 ne null, then (bhcap841 +
bhcap842 + bhcap843 + bhcap850 + bhcalb58 + bhcalb59 +
bhcalb60 + bhcap857 + bhcap864) ge bhcap875
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
(bhca5310 le (.0126 * bhcks580))
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcale74 eq 0, then bhcaa223 ne null and bhcaa223 ge 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcaa223 eq bhckg641
For advanced approaches HCs that exit parallel run only
bhcwa223 ne null and bhcwa223 ge 0
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank
For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
IHCs, Non-BHC IHCs and covered SLHCs as defined by the final
Non-BHC IHCs and covered SLHCs as defined by the final capital
capital rule only, If bhcaa223 ne 0 then (bhcap793 le
rule only, If HC-R(I)46a does not equal zero, then HC-R(I)47A
((bhcap859 / bhcaa223) * 100) + .1) and (bhcap793 ge
should equal HC-R(I)19A divided by HC-R(I)46a (+/-.1%).
((bhcap859 / bhcaa223) * 100) - .1)
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule, if bhcaa223 ne 0 then (bhcap793 le ((bhcwp859 /
rule, if HC-R(I)46a does not equal zero, then HC-R(I)47A should
bhcaa223) * 100) + .1) and (bhcap793 ge ((bhcwp859 /
equal HC-R(I)19B divided by HC-R(I)46a (+/-.1%).
bhcaa223) * 100) - .1)
For advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, Non- For advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
BHC IHCs and covered SLHCs as defined by the final capital rule
Non-BHC IHCs and covered SLHCs as defined by the final capital
that exit parallel run only, If HC-R(I)46b does not equal zero, then rule that exit parallel run only, If bhcwa223 ne 0 then
HC-R(I)47B should equal HC-R(I)19B divided by HC-R(I)46b (+/(bhcwp793 le ((bhcwp859 / bhcwa223) * 100) + .1) and
.1%).
(bhcwp793 ge ((bhcwp859 / bhcwa223) * 100) - .1)
For advanced approaches HCs that exit parallel run only if
For advanced approaches HCs that exit parallel run only, if HCbhcwa223 ne 0 then (bhcwp793 le ((bhcwp859 / bhcwa223) *
R(I)46b does not equal zero, then HC-R(I)47B should equal HC100) + .1) and (bhcwp793 ge ((bhcwp859 / bhcwa223) * 100) R(I)19B divided by HC-R(I)46b (+/-.1%).
.1)
FR Y-9C: EDIT-63 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
4080
HC-R(I)48A
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
4090
FRY9C
20200331
99991231
No Change
HC-R(I)
Quality
4100
FRY9C
FRY9C
20200331
20200331
99991231
99991231
No Change
No Change
HC-R(I)
HC-R(I)
Quality
Quality
4110
4120
Edit Test
Alg Edit Test
BHCA7206
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(I)46a does
not equal zero, then HC-R(I)48A should equal HC-R(I)26 divided by
HC-R(I)46a (+/-.1%).
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhcaa223 ne 0 then (bhca7206 le ((bhca8274 / bhcaa223) *
100) + .1) and (bhca7206 ge ((bhca8274 / bhcaa223) * 100) - .1)
HC-R(I)48B
BHCW7206
For advanced approaches HCs that exit parallel run only, if HCR(I)46b does not equal zero, then HC-R(I)48B should equal HCR(I)26 divided by HC-R(I)46b (+/-.1%).
For advanced approaches HCs that exit parallel run only if
bhcwa223 ne 0 then (bhcw7206 le ((bhca8274 / bhcwa223) *
100) + .1) and (bhcw7206 ge ((bhca8274 / bhcwa223) * 100) .1)
HC-R(I)49A
BHCA7205
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(I)46a does
not equal zero, then HC-R(I)49A should equal HC-R(I)45a divided
by HC-R(I)46a (+/-.1%).
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhcaa223 ne 0 then (bhca7205 le ((bhca3792 / bhcaa223) *
100) + .1) and (bhca7205 ge ((bhca3792 / bhcaa223) * 100) - .1)
BHCW7205
For advanced approaches HCs that exit parallel run only, if HCR(I)46b does not equal zero, then HC-R(I)49B should equal HCR(I)45b divided by HC-R(I)46b (+/-.1%).
For advanced approaches HCs that exit parallel run only if
bhcwa223 ne 0 then (bhcw7205 le ((bhcw3792 / bhcwa223) *
100) + .1) and (bhcw7205 ge ((bhcw3792 / bhcwa223) * 100) .1)
BHCA7204
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(I)30 does
not equal zero, then HC-R(I)31 should equal HC-R(I)26 divided by
HC-R(I)30 (+/-.1%).
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhcaa224 ne 0 then (bhca7204 le ((bhca8274 / bhcaa224) *
100) + .1) and (bhca7204 ge ((bhca8274 / bhcaa224) * 100) - .1)
HC-R(I)49B
HC-R(I)31
FRY9C
20210630
99991231
No Change
HC-R(I)
Quality
4125
HC-R(I)61A
BHCAMK76
FRY9C
20210630
99991231
No Change
HC-R(I)
Quality
4130
HC-R(I)50
BHCAH311
FRY9C
20201231
99991231
No Change
HC-R(I)
Quality
4137
HC-R(I)51
BHCAH313
FRY9C
20210630
99991231
No Change
HC-R(I)
Interseries 4138
HC-R(I)53
BHCAH036
September 2021
For advanced approaches reporting entities that exit parallel
For Advanced Approaches holding companies that exit parallel run run only, bhcamk76 le the lesser of (((bhcap793 - 4.5%) or
only, HC-R(I)61A should equal the lesser of HC-R(I)47A minus
(bhca7206 - 6%) or (bhca7205 - 8%)) +.0001) and bhcwh311 le
4.5%, HC-R(I)48A minus 6%, HC-R(I)49A minus 8% and HC-R(I)61B the lesser of (((bhcwp793 - 4.5%) or (bhcw7206 - 6%) or
should equal the lesser of HC-R(I)47B minus 4.5%, HC-R(I)48B
(bhcw7205 - 8%)) + .0001%) and bhcamk76 ge the lesser of
minus 6%, or HC-R(I)49B minus 8% (+/- .0001%), else if the lesser (((bhcap793 - 4.5%) or (bhca7206 - 6%) or (bhca7205 - 8%) of HC-R(I)47A minus 4.5%, HC-R(I)48A minus 6%, HC-R(I)49A
.0001%) and bhcwh311 ge the lesser of (((bhcwp793 - 4.5%) or
minus 8% is less than zero, HC-R(I)61A should equal zero and if HC- (bhcw7206 - 6%) or (bhcw7205 - 8%)) - .0001), else if the lesser
R(I)47B minus 4.5%, HC-R(I)48B minus 6%, or HC-R(I)49B minus
of (bhcap793 - 4.5%) or (bhca7206 - 6%) or (bhca7205- 8%) is lt
8% (+/- .0001%) is less than zero, then HC-R(I)61B should equal
0 then bhcamk76 eq 0 and if the lesser of (bhcwp793 - 4.5%) or
zero.
(bhcw7206 - 6%) or (bhcw7205 - 8%) is lt 0, then bhcwh311 eq
0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs, covered
covered SLHCs as defined by the final capital rule only, NonSLHCs as defined by the final capital rule, Non-advanced
advanced approaches HCs that do not plan to adopt the CBLR
approaches HCs with less than $100 billion in total consolidated
framework only, if bhcale74 eq 0 and bhcah311 ne null and
assets that do not plan to adopt the CBLR framework only, if HCbhck2170 lt 100000000, then bhcah311 le the lesser of
R(I)31a is zero and HC-R(I)50 is not null, then HC-R(I)50 should
(((bhcap793 - 4.5%) or (bhca7206 - 6.%) or (bhca7205 - 8%)) +
equal the lesser of HC-R(I)47A minus 4.5%, HC-R(I)48A minus 6%
.0001%) and bhcah311 ge the lesser of (((bhcap793 - 4.5%) or
or HC-R(I)49A minus 8% (+/- .0001%), else if HC-R(I)31a is zero
(bhca7206 - 6%) or (bhca7205 - 8.%)) - .0001%) else if bhcale74
and HC-R(I)50 is not null and the lesser of HC-R(I)47A minus 4.5%,
eq 0 and bhcah311 ne null and bhck2170 lt 100000000 and the
HC-R(I)48A minus 6% or HC-R(I)49A minus 8% is less than zero,
lesser of (bhcap793 - 4.5%) or (bhca7206 - 6%) or (bhca7205then HC-R(I)50 should equal zero.
8%) lt 0 then bhcah311 eq 0
For advanced approaches HCs that have exited parallel run only, if For advanced approaches HCs that have exited parallel run
HC-R(I)50 is greater than 2.5000 then HC-R(I)51 and HC-R(I)52
only, if bhcah311 gt 2.5000 then bhcah313 eq null and
should be null.
bhcah314 eq null.
For advanced approaches and Category III HCs only, HC-R(I)53
For advanced approaches and Category III HCs only, bhcah036
should equal the Supplementary Leverage Ratio reported on the
should equal aaaah036.
FFIEC101, Schedule A, Table 2, Item 2.22.
FR Y-9C: EDIT-64 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20210630
99991231
No Change
HC-R(I)
Quality
4141
HC-R(I)54
BHCALF21
FRY9C
20210630
99991231
No Change
HC-R(I)
Quality
4139
HC-R(I)62b
BHCALF28
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6894
HC-R(II)1B
BHCKS396
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6896
HC-R(II)1C
BHCKD958
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)1C
BHCKD958
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)1G
BHCKD959
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)1H
BHCKS397
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)1I
BHCKD960
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)1J
BHCKS398
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6897
HC-R(II)2aB BHCKS399
FRY9C
20180630
99991231
No Change
HC-R(II)
Quality
6898
HC-R(II)2aC BHCKD962
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)2aC BHCKD962
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)2aD BHCKHJ74
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)2aE
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)2aG BHCKD963
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)2aH BHCKD964
September 2021
BHCKHJ75
Edit Test
For top-tier BHCs of U.S. GSIBs and IHCs of foreign GSIBs only, if
HC-R(I)54 is not null, then HC-R(I)54 should be less than or equal
to HC-21 minus sum of HC-E1a, HC-E1b, HC-E1c, HC-E2a, HC-E2b,
HC-E2c.
For top-tier BHCs of U.S. GSIBs, if HC-R(I)59B is less than or equal
to 7.5%, then HC-R(I)62b should equal zero.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If the sum of HC1b1 and HC-1b2 is equal to zero, then HC-R(II)1B should equal
zero.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)1C should
not exceed 98 percent of HC-R(II)1A.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II) 1C should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)1G should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)1H should
not be negative
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)1I should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II) 1J should
not be negative
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only,if HC-R(I)3a equals 1,
and the sum of HC-R(II)2aA and HC-R(II)9aA is greater than 0, and
HC-R(I)9e is not equal to 0, then the sum of HC-R(II)2aB and HCR(II)9aB should not equal 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)2aC should
be less than or equal to the sum of HC-B1A, HC-B2A, HC-B4a1A,
HC-B4b1A, HC-B4c1aA and HC-B4c2aA.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)2aC should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)2aD should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)2aE should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)2aG should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)2aH should
not be negative.
Alg Edit Test
For top-tier BHCs of U.S. GSIBs and IHCs of foreign GSIBs only,
if bhcalf21 is not null, then bhcalf21 le bhck2948 - (bhcb2210 +
bhcb3187 + bhcb2389 + bhod3189 + bhod3187 + bhod2389).
For top-tier BHCs of U.S. GSIBs, if bhcwlf25 le 7.5000, then
bhcalf28 eq 0.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
(bhck0395 + bhck0397) eq 0 then bhcks396 eq 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd958 le (bhckd957* 0.98)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd958 ge 0 or bhckd958 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd959 ge 0 or bhckd959 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks397 ge 0 or bhcks397 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd960 ge 0 or bhckd960 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks398 ge 0 or bhcks398 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcap838 eq 1, and (bhckd961 + bhcks475) gt 0 and bhcap848
ne 0 then (bhckS399 + bhckS476) ne 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd962 le (bhck0211 + bhckht50 + bhckg300 + bhckg312 +
bhckk142 + bhckk150)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd962 ge 0 or bhckd962 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj74 ge 0 or bhckhj74 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj75 ge 0 or bhckhj75 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd963 ge 0 or bhckd963 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd964 ge 0 or bhckd964 eq null
FR Y-9C: EDIT-65 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)2aI
BHCKD965
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)2aJ
BHCKS400
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)2bC BHCKD967
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)2bD BHCKHJ76
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)2bE
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)2bG BHCKD968
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)2bH BHCKD969
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)2bI
BHCKD970
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)2bJ
BHCKS403
FRY9C
20200630
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)2bK BHCKH270
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)2bL
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)2bN BHCKS406
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)2bR BHCKH271
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)2bS
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6904
HC-R(II)2bR BHCKH271
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6905
HC-R(II)2bS
FRY9C
20200630
99991231
No Change
HC-R(II)
Quality
1333
HC-R(II)3aC BHCKD972
September 2021
BHCKHJ77
BHCKS405
BHCKH272
BHCKH272
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)2aI should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)2aJ should
not be negative
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)2bC should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)2bD should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)2bE should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)2bG should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)2bH should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)2bI should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)2bJ should
not be negative.
For advanced approaches HCs only, HC-R(II)2bK should not be
negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)2bLshould
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)2bN should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)2bR should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)2bS should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)2bS is
greater than zero then HC-R(II)2bR should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)2bR is
greater than zero then HC-R(II)2bS should be greater than zero
For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as
defined by the final capital rule that do not plan to adopt the CBLR
framework only, for June and December, if previous year June HC12 is less than $5 billion, then HC-R(II)3aC should equal zero and
should not be null.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd965 ge 0 or bhckd965 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks400 ge 0 or bhcks400 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd967 ge 0 or bhckd967 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj76 ge 0 or bhckhj76 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj77 ge 0 or bhckhj77 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd968 ge 0 or bhckd968 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd969 ge 0 or bhckd969 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd970 ge 0 or bhckd970 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks403 ge 0 or bhcks403 eq null
For advanced approaches HCs only, bhckh270 ge 0 or bhckh270
eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks405 ge 0 or bhcks405 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks406 ge 0 or bhcks406 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh271 ge 0 or bhckh271 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh272 ge 0 or bhckh272 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh272 gt 0 then bhckh271 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh271 gt 0 then bhckh272 gt 0
For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as
defined by the final capital rule that do not plan to adopt the
CBLR framework only, if ((mm-q1 eq 06 and bhck2170-q5 lt
5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)) and
bhcale74 eq 0 then bhckd972 eq 0 and bhckd972 ne null
FR Y-9C: EDIT-66 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)3aG BHCKD973
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)3aH BHCKS410
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)3aI
BHCKD974
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)3aJ
BHCKS411
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)3bA BHCKH171
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4aA BHCKS413
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4aC BHCKH173
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4aG BHCKS415
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4aH BHCKS416
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4aI
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4aR BHCKH273
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4aS
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6906
HC-R(II)4aR BHCKH273
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6907
HC-R(II)4aS
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4bA BHCKS419
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4bC BHCKH174
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4bG BHCKH175
September 2021
MDRM
Number
BHCKS417
BHCKH274
BHCKH274
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as
defined by the final capital rule only, HC-R(II)3aG should not be
negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as
defined by the final capital rule only, HC-R(II)3aH should not be
negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as
defined by the final capital rule only, HC-R(II)3aI should not be
negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as
defined by the final capital rule only, HC-R(II)3aJ should not be
negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as
defined by the final capital rule only, HC-R(II)3bA should not be
negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4aA should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4aC should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4aG should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4aH should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4aI should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4aR should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4aS should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)4aS is
greater than zero then HC-R(II)4aR should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)4aR is
greater than zero then HC-R(II)4aS should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4bA should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4bC should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4bG should
not be negative.
For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as
defined by the final capital rule only, bhckd973 ge 0 or
bhckd973 eq null
For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as
defined by the final capital rule only, bhcks410 ge 0 or bhcks410
eq null
For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as
defined by the final capital rule only, bhckd974 ge 0 or
bhckd974 eq null
For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as
defined by the final capital rule only, bhcks411 ge 0 or bhcks411
eq null
For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as
defined by the final capital rule only, bhckH171 ge 0 or
bhckH171 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks413 ge 0 or bhcks413 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckH173 ge 0 or bhckH173 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks415 ge 0 or bhcks415 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks416 ge 0 or bhcks416 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks417 ge 0 or bhcks417 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh273 ge 0 or bhckh273 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh274 ge 0 or bhckh274 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh274 gt 0 then bhckh273 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh273 gt 0 then bhckh274 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks419 ge 0 or bhcks419 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckH174 ge 0 or bhckH174 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckH175 ge 0 or bhckH175 eq null
FR Y-9C: EDIT-67 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4bH BHCKH176
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4bI
BHCKH177
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4bJ
BHCKS421
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4bR BHCKH275
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4bS
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6908
HC-R(II)4bR BHCKH275
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6909
HC-R(II)4bS
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4cA BHCKS423
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4cC
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4cD BHCKHJ78
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4cE
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4cG BHCKS426
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4cH BHCKS427
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4cI
BHCKS428
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4cJ
BHCKS429
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4cR
BHCKH277
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4cS
BHCKH278
September 2021
MDRM
Number
BHCKH276
BHCKH276
BHCKS425
BHCKHJ79
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4bH should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4bI should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4bJ should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4bR should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4bS should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)4bS is
greater than zero then HC-R(II)4bR should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)4bR is
greater than zero then HC-R(II)4bS should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4cA should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4cC should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4cD should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4cE should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4cG should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4cH should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4cI should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4cJ should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4cR should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4cS should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckH176 ge 0 or bhckH176 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckH177 ge 0 or bhckH177 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks421 ge 0 or bhcks421 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh275 ge 0 or bhckh275 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh276 ge 0 or bhckh276 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh276 gt 0 then bhckh275 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh275 gt 0 then bhckh276 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks423 ge 0 or bhcks423 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks425 ge 0 or bhcks425 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj78 ge 0 or bhckhj78 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj79 ge 0 or bhckhj79 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks426 ge 0 or bhcks426 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks427 ge 0 or bhcks427 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks428 ge 0 or bhcks428 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks429 ge 0 or bhcks429 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh277 ge 0 or bhckh277 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh278 ge 0 or bhckh278 eq null
FR Y-9C: EDIT-68 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6911
HC-R(II)4cR
BHCKH277
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6912
HC-R(II)4cS
BHCKH278
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4dC BHCKS433
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4dD BHCKHJ80
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4dE
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4dG BHCKS434
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4dH BHCKS435
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4dI
BHCKS436
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4dJ
BHCKS437
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4dR BHCKH279
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)4dS
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6913
HC-R(II)4dR BHCKH279
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6914
HC-R(II)4dS
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5aA BHCKS439
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5aC BHCKH178
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5aG BHCKS441
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5aH BHCKS442
September 2021
BHCKHJ81
BHCKH280
BHCKH280
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)4cS is
greater than zero then HC-R(II)4cR should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)4cR is
greater than zero then HC-R(II)4cS should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4dC should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4dD should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4dE should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4dG should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4dH should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4dI should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4dJ should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4dR should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)4dS should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)4dS is
greater than zero then HC-R(II)4dR should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)4dR is
greater than zero then HC-R(II)4dS should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5aA should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5aC should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5aG should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5aH should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh278 gt 0 then bhckh277 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh277 gt 0 then bhckh278 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks433 ge 0 or bhcks433 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj80 ge 0 or bhckhj80 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj81 ge 0 or bhckhj81 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks434 ge 0 or bhcks434 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks435 ge 0 or bhcks435 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks436 ge 0 or bhcks436 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks437 ge 0 or bhcks437 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh279 ge 0 or bhckh279 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh280 ge 0 or bhckh280 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh280 gt 0 then bhckh279 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh279 gt 0 then bhckh280 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks439 ge 0 or bhcks439 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckH178 ge 0 or bhckH178 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks441 ge 0 or bhcks441 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks442 ge 0 or bhcks442 eq null
FR Y-9C: EDIT-69 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5aI
BHCKS443
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5aR BHCKH281
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5aS
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6917
HC-R(II)5aR BHCKH281
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6918
HC-R(II)5aS
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5bA BHCKS445
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5bC BHCKH179
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5bG BHCKH180
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5bH BHCKH181
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5bI
BHCKH182
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5bJ
BHCKS447
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5bR BHCKH283
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5bS
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6922
HC-R(II)5bR BHCKH283
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6923
HC-R(II)5bS
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5cA BHCKS449
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5cC
September 2021
BHCKH282
BHCKH282
BHCKH284
BHCKH284
BHCKS451
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5aI should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5aR should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5aS should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)5aS is
greater than zero then HC-R(II)5aR should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)5aR is
greater than zero then HC-R(II)5aS should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5bA should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5bC should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5bG should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5bH should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5bI should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5bJ should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5bR should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5bS should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)5bS is
greater than zero then HC-R(II)5bR should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)5bR is
greater than zero then HC-R(II)5bS should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5cA should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5cC should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks443 ge 0 or bhcks443 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh281 ge 0 or bhckh281 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh282 ge 0 or bhckh282 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh282 gt 0 then bhckh281 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh281 gt 0 then bhckh282 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks445 ge 0 or bhcks445 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckH179 ge 0 or bhckH179 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckH180 ge 0 or bhckH180 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckH181 ge 0 or bhckH181 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckH182 ge 0 or bhckH182 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks447 ge 0 or bhcks447 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh283 ge 0 or bhckh283 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh284 ge 0 or bhckh284 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh284 gt 0 then bhckh283 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh283 gt 0 then bhckh284 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks449 ge 0 or bhcks449 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks451 ge 0 or bhcks451 eq null
FR Y-9C: EDIT-70 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5cD BHCKHJ82
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5cE
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5cG BHCKS452
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5cH BHCKS453
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5cI
BHCKS454
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5cJ
BHCKS455
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5cR
BHCKH285
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5cS
BHCKH286
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6924
HC-R(II)5cR
BHCKH285
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6926
HC-R(II)5cS
BHCKH286
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6910
HC-R(II)5dB BHCKS458
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5dC BHCKS459
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5dD BHCKHJ84
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5dE
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5dG BHCKS460
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6916
HC-R(II)5dH BHCKS461
September 2021
MDRM
Number
BHCKHJ83
BHCKHJ85
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5cD should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5cE should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5cG should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5cH should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5cI should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5cJ should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5cR should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5cS should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)5cS is
greater than zero then HC-R(II)5cR should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)5cR is
greater than zero then HC-R(II)5cS should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, Sum of HC-R(II)2aB,
HC-R(II)4aB through 4dB and HC-R(II)5aB through 5dB should be
less than or equal to $100k.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5dC should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5dD should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5dE should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5dG should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, Sum of HC-R(II)4aH
through 4dH and HC-R(II)5aH through 5dH should be less than or
equal to the sum of HC-C1c2aB, HC-C1dB, and 50% of (HC-C1a1B,
HC-C1a2B, HC-C1c1B).
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj82 ge 0 or bhckhj82 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj83 ge 0 or bhckhj83 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks452 ge 0 or bhcks452 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks453 ge 0 or bhcks453 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks454 ge 0 or bhcks454 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks455 ge 0 or bhcks455 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh285 ge 0 or bhckh285 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh286 ge 0 or bhckh286 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh286 gt 0 then bhckh285 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh285 gt 0 then bhckh286 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
(bhcks399 + bhcks414 + bhcks420 + bhcks424 + bhcks432 +
bhcks440 + bhcks446 + bhcks450 + bhcks458) le 100
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks459 ge 0 or bhcks459 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj84 ge 0 or bhckhj84 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj85 ge 0 or bhckhj85 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks460 ge 0 or bhcks460 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
(bhcks416 + bhckh176 + bhcks427 + bhcks435 + bhcks442 +
bhckh181 + bhcks453 + bhcks461) le ((bhdm5367 + bhdm1460)
+ (0.50 * (bhckf158 + bhckf159 + bhdm1797)))
FR Y-9C: EDIT-71 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5dH BHCKS461
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5dI
BHCKS462
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5dJ
BHCKS463
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5dR BHCKH287
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)5dS
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6927
HC-R(II)5dR BHCKH287
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6928
HC-R(II)5dS
BHCKH288
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)7A
BHCKD976
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)7C
BHCKD977
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)7D
BHCKHJ86
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)7E
BHCKHJ87
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)7G
BHCKD978
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)7H
BHCKD979
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)7I
BHCKD980
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)7J
BHCKS467
FRY9C
20200630
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)7K
BHCKH289
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)7L
BHCKH186
September 2021
MDRM
Number
BHCKH288
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5dH should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5dI should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5dJ should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5dR should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)5dS should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)5dS is
greater than zero then HC-R(II)5dR should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)5dR is
greater than zero then HC-R(II)5dS should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)7A should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)7C should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)7D should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)7E should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)7G should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)7H should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)7I should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)7J should
not be negative.
For advanced approaches HCs only, HC-R(II)7K should not be
negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)7L should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks461 ge 0 or bhcks461 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks462 ge 0 or bhcks462 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks463 ge 0 or bhcks463 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh287 ge 0 or bhckh287 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh288 ge 0 or bhckh288 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh288 gt 0 then bhckh287 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh287 gt 0 then bhckh288 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd976 ge 0 or bhckd976 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd977 ge 0 or bhckd977 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj86 ge 0 or bhckhj86 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj87 ge 0 or bhckhj87 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd978 ge 0 or bhckd978 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd979 ge 0 or bhckd979 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd980 ge 0 or bhckd980 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks467 ge 0 or bhcks467 eq null
For advanced approaches HCs only, bhckh289 ge 0 or bhckh289
eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh186 ge 0 or bhckh186 eq null
FR Y-9C: EDIT-72 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)7M
BHCKH290
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)7N
BHCKH187
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)7R
BHCKH291
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)7S
BHCKH292
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6929
HC-R(II)7R
BHCKH291
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6931
HC-R(II)7S
BHCKH292
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)8C
BHCKD982
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)8D
BHCKHJ88
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)8E
BHCKHJ89
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)8G
BHCKD983
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)8H
BHCKD984
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)8I
BHCKD985
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)8J
BHCKH185
FRY9C
20200331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)8K
BHCKH293
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)8L
BHCKH188
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)8M
BHCKS470
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)8N
BHCKS471
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)8R
BHCKH294
September 2021
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)7M should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)7N should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)7R should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)7S should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)7S is
greater than zero then HC-R(II)7R should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if HC-R(II)7R is
greater than zero then HC-R(II)7S should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)8C should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)8D should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)8E should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)8G should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)8H should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)8I should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)8J should
not be negative.
HC-R(II)8K should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)8L should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)8M should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)8N should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)8R should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh290 ge 0 or bhckh290 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh187 ge 0 or bhckh187 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh291 ge 0 or bhckh291 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh292 ge 0 or bhckh292 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, f
bhckh292 gt 0 then bhckh291 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh291 gt 0 then bhckh292 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd982 ge 0 or bhckd982 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj88 ge 0 or bhckhj88 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj89 ge 0 or bhckhj89 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd983 ge 0 or bhckd983 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd984 ge 0 or bhckd984 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd985 ge 0 or bhckd985 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh185 ge 0 or bhckh185 eq null
bhckh293 ge 0 or bhckh293eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh188 ge 0 or bhckh188 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks470 ge 0 or bhcks470 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks471 ge 0 or bhcks471 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh294 ge 0 or bhckh294 eq null
FR Y-9C: EDIT-73 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)8S
BHCKH295
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6932
HC-R(II)8R
BHCKH294
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6933
HC-R(II)8S
BHCKH295
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)8aR BHCKH296
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)8aS
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6934
HC-R(II)8aR BHCKH296
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6935
HC-R(II)8aS
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)8bR BHCKH298
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)8bS
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6936
HC-R(II)8bR BHCKH298
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6937
HC-R(II)8bS
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)9aA BHCKS475
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
7015
HC-R(II)9aB BHCKS476
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
7020
HC-R(II)9aB BHCKS476
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)9aQ BHCKS477
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)9aT
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)9aU BHCKS479
September 2021
BHCKH297
BHCKH297
BHCKH299
BHCKH299
BHCKS478
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)8S should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)8S is
greater than zero then HC-R(II)8R should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)8R is
greater than zero then HC-R(II)8S should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)8aR should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)8aS should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)8aS is
greater than zero then HC-R(II)8aR should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)8aR is
greater than zero then HC-R(II)8aS should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)8bR should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)8bS should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)8bS is
greater than zero then HC-R(II)8bR should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)8bR is
greater than zero then HC-R(II)8bS should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)9aA should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if the sum of HCR(II)9aT and HC-R(II)9aU is greater than 0, then HC-R(II)9aB should
not equal zero and should not be null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if HC-R(II)9aQ is
equal to zero, then HC-R(II)9aB should equal HC-R(II)9aA
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)9aQ should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)9aT should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)9aU should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh295 ge 0 or bhckh295 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh295 gt 0 then bhckh294 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh294 gt 0 then bhckh295 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh296 ge 0 or bhckh296 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh297 ge 0 or bhckh297 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh297 gt 0 then bhckh296 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh296 gt 0 then bhckh297 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh298 ge 0 or bhckh298 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh299 ge 0 or bhckh299 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh299 gt 0 then bhckh298 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh298 gt 0 then bhckh299 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks475 ge 0 or bhcks475 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
(bhcks478 + bhcks479) gt 0, then bhcks476 ne 0 and bhcks476
ne null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcks477 eq 0, then bhcks476 eq bhcks475
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks477 ge 0 or bhcks477 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks478 ge 0 or bhcks478 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks479 ge 0 or bhcks479 eq null
FR Y-9C: EDIT-74 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
7025
HC-R(II)9aU BHCKS479
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)9bA BHCKS480
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
7027
HC-R(II)9bB BHCKS481
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
7029
HC-R(II)9bB BHCKS481
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)9bQ BHCKS482
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)9bT
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)9bU BHCKS484
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)9cA BHCKS485
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
7038
HC-R(II)9cB
BHCKS486
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
7039
HC-R(II)9cB
BHCKS486
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)9cQ BHCKS487
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)9cT
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)9cU BHCKS489
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)9dA BHCKS490
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
7042
HC-R(II)9dB BHCKS491
September 2021
BHCKS483
BHCKS488
Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if the sum of HC-5
(previous) and HC-15 (previous) is greater than or equal to $1
billion or greater than or equal to 10 percent of HC-12 (previous),
then the sum of column U for items HC-R(II)9 and HC-R(II)10
should equal 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)9bA should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if the sum of HCR(II)9bT and HC-R(II)9bU is greater than 0, then HC-R(II)9bB
should not equal zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if HC-R(II)9bQ is
equal to zero, then HC-R(II)9bA should equal HC-R(II)9bB
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)9bQ should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)9bT should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)9bU should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)9cA should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if the sum of HCR(II)9cT and HC-R(II)9cU is greater than 0, then HC-R(II)9cB should
not equal 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if HC-R(II)9cQ is
equal to zero, then HC-R(II)9cA should equal HC-R(II)9cB
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)9cQ should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)9cT should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)9cU should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)9dA should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if the sum of HCR(II)9dT and HC-R(II)9dU is greater than 0, then HC-R(II)9dB
should not be zero
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
(bhck3545-q2 + bhck3548-q2) ge 1000000 or (bhck3545-q2 +
bhck3548-q2) ge ( 0.1 * bhck2170-q2), then (bhcks479 +
bhcks484 + bhcks489 + bhcks494 + bhcks499) eq 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks480 ge 0 or bhcks480 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
(bhcks483 + bhcks484) gt 0, then bhcks481 ne 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcks482 eq 0, then bhcks480 eq bhcks481
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks482 ge 0 or bhcks482 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks483 ge 0 or bhcks483 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks484 ge 0 or bhcks484 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks485 ge 0 or bhcks485 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
(bhcks488 + bhcks489) gt 0, then bhcks486 ne 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcks487 eq 0, then bhcks485 eq bhcks486
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks487 ge 0 or bhcks487 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks488 ge 0 or bhcks488 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks489 ge 0 or bhcks489 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks490 ge 0 or bhcks490 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
(bhcks493 + bhcks494) gt 0, then bhcks491 ne 0
FR Y-9C: EDIT-75 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
7045
HC-R(II)9dB BHCKS491
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)9dQ BHCKS492
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)9dT
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)9dU BHCKS494
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)10A BHCKS495
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
7047
HC-R(II)10B BHCKS496
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
7049
HC-R(II)10B BHCKS496
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)10Q BHCKS497
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)10T
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)10U BHCKS499
FRY9C
20180331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)11A BHCT2170
FRY9C
20180331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)11C BHCKD987
FRY9C
20180331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)11D BHCKHJ90
FRY9C
20180331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)11E
FRY9C
20180331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)11G BHCKD988
FRY9C
20180331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)11H BHCKD989
FRY9C
20180331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)11I
September 2021
MDRM
Number
BHCKS493
BHCKS498
BHCKHJ91
BHCKD990
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if HC-R(II)9dQ is
equal to zero, then HC-R(II)9dA should be equal to HC-R(II)9dB
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)9dQ should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)9dT should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)9dU should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)10A should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if the sum of HCR(II)10T and HC-R(II)10U is greater than 0, then HC-R(II)10B should
not equal 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if HC-R(II)10Q is
equal to zero, then HC-R(II)10A should equal HC-R(II)10B
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)10Q should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)10T should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)10U should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)11A should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)11C should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)11D should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)11E should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)11G should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)11H should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)11I should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcks492 eq 0, then bhcks490 eq bhcks491
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks492 ge 0 or bhcks492 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks493 ge 0 or bhcks493 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks494 ge 0 or bhcks494 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks495 ge 0 or bhcks495 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
(bhcks498 + bhcks499) gt 0, then bhcks496 ne 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if
bhcks497 eq 0, then bhcks495 eq bhcks496
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks497 ge 0 or bhcks497 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks498 ge 0 or bhcks498 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks499 ge 0 or bhcks499 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhct2170 ge 0 or bhct2170 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd987 ge 0 or bhckd987 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj90 ge 0 or bhckhj90 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj91 ge 0 or bhckhj91 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd988 ge 0 or bhckd988 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd989 ge 0 or bhckd989 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd990 ge 0 or bhckd990 eq null
FR Y-9C: EDIT-76 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20180331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)11J
BHCKS503
FRY9C
20200331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)11K BHCKS504
FRY9C
20180331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)11L
FRY9C
20180331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)11M BHCKS506
FRY9C
20180331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)11N BHCKS507
FRY9C
20180331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)11Q BHCKS510
FRY9C
20180331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)11R BHCKH300
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)12A BHCKD991
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)12C BHCKD993
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)12D BHCKHJ92
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)12E
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)12G BHCKD994
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)12H BHCKD995
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)12I
BHCKD996
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)12J
BHCKS511
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)13A BHCKD997
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
7050
HC-R(II)13A BHCKD997
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)13G BHCKG603
September 2021
BHCKS505
BHCKHJ93
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)11J should
not be negative.
HC-R(II)11K should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)11L should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)11M should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)11N should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)11Q should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)11R should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)12A should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)12C should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)12D should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)12E should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)12G should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)12H should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)12I should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)12J should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)13A should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)13A should
be less than or equal to HC-L3
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)13G should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks503 ge 0 or bhcks503 eq null
bhcks504 ge 0 or bhcks504 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks505 ge 0 or bhcks505 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks506 ge 0 or bhcks506 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks507 ge 0 or bhcks507 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks510 ge 0 or bhcks510 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh300 ge 0 or bhckh300 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd991 ge 0 or bhckd991 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd993 ge 0 or bhckd993 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj92 ge 0 or bhckhj92 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj93 ge 0 or bhckhj93 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd994 ge 0 or bhckd994 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd995 ge 0 or bhckd995 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd996 ge 0 or bhckd996 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks511 ge 0 or bhcks511 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckd997 ge 0 or bhckd997 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckD997 le bhck6570
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg603 ge 0 or bhckg603 eq null
FR Y-9C: EDIT-77 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)13H BHCKG604
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)13I
BHCKG605
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)13J
BHCKS512
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)14A BHCKG606
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
7053
HC-R(II)14A BHCKG606
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)14C BHCKG608
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)14D BHCKHJ94
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)14E
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)14H BHCKG610
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)14I
BHCKG611
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)14J
BHCKS513
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)15A BHCKG612
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)15C BHCKG614
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)15G BHCKG615
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)15H BHCKG616
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)15I
BHCKG617
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)15J
BHCKS514
September 2021
MDRM
Number
BHCKHJ95
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)13H should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)13I should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)13J should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)14A should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)14A should
be less or equal to HC-L4
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)14C should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)14D should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)14E should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)14H should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)14I should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)14J should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)15A should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)15C should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)15G should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)15H should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)15I should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)15J should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg604 ge 0 or bhckg604 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg605 ge 0 or bhckg605 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks512 ge 0 or bhcks512 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg606 ge 0 or bhckg606 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg606 le bhck3411
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg608 ge 0 or bhckg608 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj94 ge 0 or bhckhj94 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj95 ge 0 or bhckhj95 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg610 ge 0 or bhckg610 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg611 ge 0 or bhckg611 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks513 ge 0 or bhcks513 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg612 ge 0 or bhckg612 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg614 ge 0 or bhckg614 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg615 ge 0 or bhckg615 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg616 ge 0 or bhckg616 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg617 ge 0 or bhckg617 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks514 ge 0 or bhcks514 eq null
FR Y-9C: EDIT-78 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)16A BHCKS515
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)16C BHCKS517
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)16D BHCKS518
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)16E
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)16G BHCKS520
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)16H BHCKS521
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)16I
BHCKS522
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)16J
BHCKS523
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)16R BHCKH301
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)16S
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6938
HC-R(II)16R BHCKH301
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6939
HC-R(II)16S
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)17A BHCKG618
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)17C BHCKG620
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)17G BHCKG621
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)17H BHCKG622
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)17I
September 2021
MDRM
Number
BHCKS519
BHCKH302
BHCKH302
BHCKG623
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)16A should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)16C should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)16D should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)16E should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)16G should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)16H should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)16I should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)16J should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)16R should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)16S should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)16S is
greater than zero then HC-R(II)16R should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)16R is
greater than zero then HC-R(II)16S should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)17A should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)17C should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)17G should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)17H should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)17I should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks515 ge 0 or bhcks515 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks517 ge 0 or bhcks517 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks518 ge 0 or bhcks518 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks519 ge 0 or bhcks519 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks520 ge 0 or bhcks520 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks521 ge 0 or bhcks521 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks522 ge 0 or bhcks522 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks523 ge 0 or bhcks523 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh301 ge 0 or bhckh301 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh302 ge 0 or bhckh302 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh302 gt 0 then bhckh301 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh301 gt 0 then bhckh302 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg618 ge 0 or bhckg618 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg620 ge 0 or bhckg620 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg621 ge 0 or bhckg621 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg622 ge 0 or bhckg622 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg623 ge 0 or bhckg623 eq null
FR Y-9C: EDIT-79 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)17J
BHCKS524
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18aA BHCKS525
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18aB BHCKS526
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18aC BHCKS527
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18aD BHCKHJ96
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18aE BHCKHJ97
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18aG BHCKS528
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18aH BHCKS529
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18aI BHCKS530
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18aJ BHCKS531
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18aR BHCKH303
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18aS BHCKH304
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6940
HC-R(II)18aR BHCKH303
FRY9C
20180331
99991231
No Change
HC-R(II)
Quality
6941
HC-R(II)18aS BHCKH304
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18bA BHCKG624
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18bC BHCKG626
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18bD BHCKHJ98
September 2021
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)17J should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18aA should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18aB should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18aC should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18aD should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18aE should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18aG should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18aH should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18aI should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18aJ should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18aR should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18aS should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)18aS is
greater than zero then HC-R(II)18aR should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)18aR is
greater than zero then HC-R(II)18aS should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18bA should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18bC should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18bD should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks524 ge 0 or bhcks524 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks525 ge 0 or bhcks525 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks526 ge 0 or bhcks526 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks527 ge 0 or bhcks527 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj96 ge 0 or bhckhj96 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj97 ge 0 or bhckhj97 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks528 ge 0 or bhcks528 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks529 ge 0 or bhcks529 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks530 ge 0 or bhcks530 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks531 ge 0 or bhcks531 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh303 ge 0 or bhckh303 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh304 ge 0 or bhckh304 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh304 gt 0 then bhckh303 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh303 gt 0 then bhckh304 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg624 ge 0 or bhckg624 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg626 ge 0 or bhckg626 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj98 ge 0 or bhckhj98 eq null
FR Y-9C: EDIT-80 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18bE BHCKHJ99
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18bG BHCKG627
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18bH BHCKG628
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18bI BHCKG629
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18bJ BHCKS539
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18bR BHCKH307
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)18bS BHCKH308
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6942
HC-R(II)18bR BHCKH307
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6944
HC-R(II)18bS BHCKH308
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)19A BHCKS540
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)20C BHCKS543
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)20D BHCKHK00
FRY9C
20170331
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)20E
BHCKHK01
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)20F
BHCKS544
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)20G BHCKS545
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)20H BHCKS546
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)20I
September 2021
MDRM
Number
BHCKS547
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18bE should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18bG should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18bH
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18bI should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18bJ should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18bR should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)18bS should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)18bS is
greater than zero then HC-R(II)18bR should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)18bR is
greater than zero then HC-R(II)18bS should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)19A should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)20C should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)20D should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)20E should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)20F should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)20G should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)20H should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)20I should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhj99 ge 0 or bhckhj99 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg627 ge 0 or bhckg627 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg628 ge 0 or bhckg628 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg629 ge 0 or bhckg629 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks539 ge 0 or bhcks539 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh307 ge 0 or bhckh307 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh308 ge 0 or bhckh308 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh308 gt 0 then bhckh307 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh307 gt 0 then bhckh308 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks540 ge 0 or bhcks540 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks543 ge 0 or bhcks543 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhk00 ge 0 or bhckhk00 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckhk01 ge 0 or bhckhk01 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks544 ge 0 or bhcks544 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks545 ge 0 or bhcks545 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks546 ge 0 or bhcks546 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks547 ge 0 or bhcks547 eq null
FR Y-9C: EDIT-81 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)20J
BHCKS548
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)20R BHCKH309
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)20S
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6948
HC-R(II)20R BHCKH309
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
6952
HC-R(II)20S
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)21C BHCKS550
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)21D BHCKS551
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)21E
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)21G BHCKS554
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)21H BHCKS555
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)21I
BHCKS556
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)21J
BHCKS557
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)22A BHCKH191
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)22C BHCKH193
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)22G BHCKH194
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)22H BHCKH195
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)22I
September 2021
BHCKH310
BHCKH310
BHCKS552
BHCKH196
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)20J should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)20R should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)20S should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)20S is
greater than zero then HC-R(II)20R should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, If HC-R(II)20R is
greater than zero then HC-R(II)20S should be greater than zero
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)21C should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)21D should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)21E should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)21G should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)21H should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)21I should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)21J should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)22A should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)22C should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)22G should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)22H should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)22I should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks548 ge 0 or bhcks548 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh309 ge 0 or bhckh309 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh310 ge 0 or bhckh310 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh310 gt 0 then bhckh309 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, If
bhckh309 gt 0 then bhckh310 gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks550 ge 0 or bhcks550 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks551 ge 0 or bhcks551 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks552 ge 0 or bhcks552 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks554 ge 0 or bhcks554 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks555 ge 0 or bhcks555 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks556 ge 0 or bhcks556 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks557 ge 0 or bhcks557 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh191 ge 0 or bhckh191 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh193 ge 0 or bhckh193 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh194 ge 0 or bhckh194 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh195 ge 0 or bhckh195 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh196 ge 0 or bhckh196 eq null
FR Y-9C: EDIT-82 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)22J
BHCKH197
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)22O BHCKH198
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)22P BHCKH199
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)22Q BHCKH200
FRY9C
FRY9C
20200630
20210930
September 2021
99991231
99991231
No Change
Revised
HC-R(II)
HC-R(II)
Quality
Quality
7057
7059
HC-R(II)26
HC-R(II)26
BHCKS580
BHCKS580
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)22J should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)22O should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)22P should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)22Q should
not be negative.
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule, if the sum of HC-R(II)27, HC-R(I)10b, HC-R(I)11B, HCR(I)13bB, HC-R(I)14bB, HC-R(I)15bB, HC-R(I)16B, HC-R(I)17B, HCR(I)24 and HC-R(I)43 equal 0, then HC-R(II)26 should equal HCR(II)28
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh197 ge 0 or bhckh197 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh198 ge 0 or bhckh198 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh199 ge 0 or bhckh199 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckh200 ge 0 or bhckh200 eq null
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final capital
rule only, if (BHCKS581 + BHCAP850 + BHCWP851 + BHCWP853
+ BHCWP854 + BHCWP855 + BHCWP856 + BHCWP857 +
BHCAP864 + BHCAP872) eq 0 then BHCKS580 eq BHCKB704
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
Non-BHC IHCs and covered SLHCs as defined by the final
capital rule only, if ((mm-q1 eq 03 and bhck2170-q4 ge
5000000) or (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or
(mm-q1 eq 09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12
For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs,
and bhck2170-q7 ge 5000000)) and bhcap850 ne 0, then
Non-BHC IHCs and covered SLHCs as defined by the final capital
bhckS580 ge (BHCKH272 + BHCKH274 + BHCKH276 + BHCKH278
rule only, if previous year June HC-12 is greater than or equal to
+ BHCKH280 + BHCKH282 + BHCKH284 + BHCKH286 +
$5 billion and HC-R(I)10b is not equal to zero, then HC-R(II)26
BHCKH288 + BHCKH292 + BHCKH295 + BHCKH297 + BHCKH299
should be greater than or equal to the sum of [HC-R(II)2b through
+ BHCKH302 + BHCKH304 + BHCKH308 + BHCKH310 +
HC-R(II)20 only column S; HC-R(II)9a through 10, columns T and U;
BHCKS478 + BHCKS479 + BHCKS483 + BHCKS484 + BHCKS488 +
HC-R(II)25, columns C through Q; and HC-R(I)11B, HC-R(I)13bB,
BHCKS489 + BHCKS493 + BHCKS494 + BHCKS498 + BHCKS499 +
HC-R(I)14bB, HC-R(I)15bB, HC-R(I)16B, HC-R(I)24, and HC-R(I)43]
BHCKG634 + BHCKS569 + BHCKS570 + BHCKS571 + BHCKG635 +
and HC-R(II)26 should be less than or equal to the sum of [HCBHCKG636 + BHCKG637 + BHCKS572 + BHCKS573+ BHCKS574 +
R(II)2b through HC-R(II)20 only column S; HC-R(II)9a through 10,
BHCKS575 + BHCKS576 + BHCKS577 + BHCKS578 + BHCKS579
columns T and U; HC-R(II)25, columns C through Q; HC-R(I)11B, HC+BHCWP851 + BHCWP853 + BHCWP854 + BHCWP855 +
R(I)13bB through HC-R(I)16B, HC-R(I)24, HC-R(I)43 and HCBHCWP856 + BHCAP864 + BHCAP872) and bhcks580 le
R(I)10b], else for June and December, if previous year June HC-12
(BHCKH272 + BHCKH274 + BHCKH276 + BHCKH278 + BHCKH280
is less than $5 billion and HC-R(I)10b is not equal to zero, then HC+ BHCKH282 + BHCKH284 + BHCKH286 + BHCKH288 +
R(II)26 should be greater than or equal to the sum of [HC-R(II)2b
BHCKH292 + BHCKH295 + BHCKH297 + BHCKH299 + BHCKH302
through HC-R(II)20 only column S; HC-R(II)9a through 10, columns
+ BHCKH304 + BHCKH308 + BHCKH310 + BHCKS478 +
T and U; HC-R(II)25, columns C through Q; and HC-R(I)11B, HCBHCKS479 + BHCKS483 + BHCKS484 + BHCKS488 + BHCKS489 +
R(I)13bB through HC-R(I)16B, HC-R(I)24, and HC-R(I)43] and HCBHCKS493 + BHCKS494 + BHCKS498 + BHCKS499 + BHCKG634 +
R(II)26 should be less than or equal to the sum of [HC-R(II)2b
BHCKS569 + BHCKS570 + BHCKS571 + BHCKG635 + BHCKG636 +
through HC-R(II)20 only column S; HC-R(II)9a through 10, columns
BHCKG637 + BHCKS572 + BHCKS573 + BHCKS574 + BHCKS575 +
T and U; HC-R(II)25, columns C through Q; HC-R(I)11B, HCBHCKS576 + BHCKS577 + BHCKS578 + BHCKS579 +BHCWP851 +
R(I)13bB through HC-R(I)16B, HC-R(I)24, HC-R(I)43 and HCBHCWP853 + BHCWP854 + BHCWP855 + BHCWP856 +
R(I)10b]
BHCAP864 + BHCAP872 + BHCAP850) else if ((mm-q1 eq 06 and
bhck2170-q5 LT 5000000) or (mm-q1 eq 12 and bhck2170-q7 LT
5000000)) and bhcap850 ne 0, then bhckS580 ge (BHCKH272 +
BHCKH274 + BHCKH276 + BHCKH278 + BHCKH280 + BHCKH282
+ BHCKH284 + BHCKH286 + BHCKH288 + BHCKH292 +
FR Y-9C: EDIT-83 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule that do not plan to adopt
the CBLR framework only, if HC-R(I)31a is zero, then HC-R(II)26
should be greater than zero.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)27 should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)29 should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule that do not plan to adopt
the CBLR framework only, if HC-R(I)31a is zero then HI-B(II)M1
should be less than or equal to HC-R(II)30.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)30 should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule that do not
plan to adopt the CBLR framework only, if bhcale74 eq 0 then
bhcks580 gt 0.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckS581 ge 0 or bhcks581 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcka222 ge 0 or bhcka222 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule that do not
plan to adopt the CBLR framework only, if bhcale74 eq 0 then
bhckc435 le bhck3128
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhck3128 ge 0 or bhck3128 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks569 le ((bhcks558 * .02) + 2) and bhcks569 ge ((bhcks558
* .02) - 2)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks570 le ((bhcks559 * .04) + 2) and bhcks570 ge ((bhcks559
* .04) - 2)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks571 le ((bhcks560 * .10) + 2) and bhcks571 ge ((bhcks560
* .10) - 2)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg635 le ((bhckg631 * .2) + 2) and bhckg635 ge ((bhckg631 *
.2) - 2)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhckg636 le ((bhckg632 * .5) + 2) and bhckg636 ge ((bhckg632 *
.5) - 2)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks572 le ((bhcks561 * 1.5) + 2) and bhcks572 ge ((bhcks561
* 1.5) - 2)
bhcks573 le ((bhcks562 * 2.5) + 2) and bhcks573 ge ((bhcks562
* 2.5) - 2)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks574 le ((bhcks563 * 3) + 2) and bhcks574 ge ((bhcks563 *
3) - 2)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks575 le ((bhcks564 * 4) + 2) and bhcks575 ge ((bhcks564 *
4) - 2)
FRY9C
20200331
99991231
No Change
HC-R(II)
Quality
7058
HC-R(II)26
BHCKS580
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)27
BHCKS581
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)29
BHCKA222
FRY9C
20200331
99991231
No Change
HC-R(II)
Quality
7040
HC-R(II)30
BHCK3128
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)30
BHCK3128
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
8200
HC-R(II)25D BHCKS569
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)25D should
equal HC-R(II)23D multiplied by 2%. (+/-2)
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
7046
HC-R(II)25E
BHCKS570
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)25E should
equal HC-R(II)23E multiplied by 4%. (+/-2)
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
8210
HC-R(II)25F
BHCKS571
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)25F should
equal HC-R(II)23F multiplied by 10%. (+/-2)
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
7048
HC-R(II)25G BHCKG635
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)25G should
equal HC-R(II)23G multiplied by 20%. (+/-2)
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
8220
HC-R(II)25H BHCKG636
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)25H should
equal HC-R(II)23H multiplied by 50%. (+/-2)
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
8230
HC-R(II)25J
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)25J should
equal HC-R(II)23J multiplied by 150%. (+/-2)
FRY9C
20200630
99991231
No Change
HC-R(II)
Quality
8230
HC-R(II)25K BHCKS573
HC-R(II)25K should equal HC-R(II)23K multiplied by 250%. (+/-2)
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
7051
HC-R(II)25L
BHCKS574
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)25L should
equal HC-R(II)23L multiplied by 300%. (+/-2)
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
7052
HC-R(II)25M BHCKS575
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)25M should
equal HC-R(II)23M multiplied by 400%. (+/-2)
September 2021
BHCKS572
FR Y-9C: EDIT-84 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
8240
HC-R(II)25N BHCKS576
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
7054
HC-R(II)25O BHCKS577
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
8250
HC-R(II)25P BHCKS578
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
7056
HC-R(II)25Q BHCKS579
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)M1
BHCKG642
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2aA
BHCKS582
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2aB
BHCKS583
FRY9C
20200331
99991231
No Change
HC-R(II)
Quality
7067
HCR(II)M3aC
BHCKS605
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2aC
BHCKS584
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2bA
BHCKS585
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2bB
BHCKS586
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2bC
BHCKS587
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2cA
BHCKS588
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2cB
BHCKS589
September 2021
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only,
SLHCs as defined by the final capital rule only, HC-R(II)25N should
bhcks576 le ((bhcks565 * 6) + 2) and bhcks576 ge ((bhcks565 *
equal HC-R(II)23N multiplied by 600%. (+/-2)
6) - 2)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only,
SLHCs as defined by the final capital rule only, HC-R(II)25O should
bhcks577 le ((bhcks566 * 6.25) + 2) and bhcks577 ge ((bhcks566
equal HC-R(II)23O multiplied by 625%. (+/-2)
* 6.25) - 2)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only,
SLHCs as defined by the final capital rule only, HC-R(II)25P should
bhcks578 le ((bhcks567 * 9.375) + 2) and bhcks578 ge
equal HC-R(II)23P multiplied by 937.5%. (+/-2)
((bhcks567 * 9.375) - 2)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only,
SLHCs as defined by the final capital rule only, HC-R(II)25Q should
bhcks579 le ((bhcks568 * 12.5) + 2) and bhcks579 ge ((bhcks568
equal HC-R(II)23Q multiplied by 1250%. (+/-2)
* 12.5) - 2)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(II)M1 should covered SLHCs as defined by the final capital rule only,
not be negative.
bhckg642 ge 0 or bhckg642 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(II)M2aA
covered SLHCs as defined by the final capital rule only,
should not be negative.
bhcks582 ge 0 or bhcks582 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(II)M2aB
covered SLHCs as defined by the final capital rule only,
should not be negative.
bhcks583 ge 0 or bhcks583 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule that do not plan to adopt
covered SLHCs as defined by the final capital rule that do not
the CBLR framework only, If HC-R(I)31a is zero and the sum of HCplan to adopt the CBLR framework only, if bhcale74 eq 0 and
L11aA, HC-L11bA, HC-L11c2A, HC-L11d2A and HC-L11eA is greater
(bhck8693 + bhck8697 + bhck8705 + bhck8713 + bhck3450) gt 0
than zero then the sum of HC-R(II)M2aA through HC-R(II)M2aC
then (bhcks582 + bhcks583 + bhcks584 + bhcks603 + bhcks604
and HC-R(II)M3aA through HC-R(II)M3aC should be greater than
+ bhcks605) gt 0
zero.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(II)M2aC
covered SLHCs as defined by the final capital rule only,
should not be negative.
bhcks584 ge 0 or bhcks584 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(II)M2bA
covered SLHCs as defined by the final capital rule only,
should not be negative.
bhcks585 ge 0 or bhcks585 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(II)M2bB
covered SLHCs as defined by the final capital rule only,
should not be negative.
bhcks586 ge 0 or bhcks586 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(II)M2bC
covered SLHCs as defined by the final capital rule only,
should not be negative.
bhcks587 ge 0 or bhcks587 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(II)M2cA
covered SLHCs as defined by the final capital rule only,
should not be negative.
bhcks588 ge 0 or bhcks588 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(II)M2cB
covered SLHCs as defined by the final capital rule only,
should not be negative.
bhcks589 ge 0 or bhcks589 eq null
FR Y-9C: EDIT-85 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2cC
BHCKS590
FRY9C
20200331
99991231
No Change
HC-R(II)
Quality
7083
HCR(II)M2dA
BHCKS591
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2dA
BHCKS591
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2dB
BHCKS592
FRY9C
20200331
99991231
No Change
HC-R(II)
Quality
7084
HCR(II)M2dB
BHCKS592
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2dC
BHCKS593
FRY9C
20200331
99991231
No Change
HC-R(II)
Quality
7085
HCR(II)M2dC
BHCKS593
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2eA
BHCKS594
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2eB
BHCKS595
FRY9C
20191231
99991231
No Change
HC-R(II)
Quality
7075
HCR(II)M3gC
BHCKS623
September 2021
TargetItem
MDRM
Number
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(II)M2cC
covered SLHCs as defined by the final capital rule only,
should not be negative.
bhcks590 ge 0 or bhcks590 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, if (mmSLHCs as defined by the final capital rule only, if previous year
q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 and
June HC-12 is greater than or equal to $5 billion then the sum of
bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6
HC-R(II)M2dA and HC-R(II)M3dA should be less than or equal to
ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000)
HC-L7d2bA + HC-L7d1bA
then (bhcks591 + bhckS612) le (bhckg415 + bhckg409)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(II)M2dA
covered SLHCs as defined by the final capital rule only,
should not be negative.
bhcks591 ge 0 or bhcks591 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(II)M2dB
covered SLHCs as defined by the final capital rule only,
should not be negative.
bhcks592 ge 0 or bhcks592 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, if (mmSLHCs as defined by the final capital rule only, if previous year
q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 and
June HC-12 is greater than or equal to $5 billion then the sum of
bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6
HC-R(II)M2dB and HC-R(II)M3dB should be less than or equal to
ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000)
the sum of HC-L7d2bB and HC-L7d1bB
then (bhcks592 + bhcks613) le (bhckg416 + bhckg410)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(II)M2dC
covered SLHCs as defined by the final capital rule only,
should not be negative.
bhcks593 ge 0 or bhcks593 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
covered SLHCs as defined by the final capital rule only, if (mmSLHCs as defined by the final capital rule only, if previous year
q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 and
June HC-12 is greater than or equal to $5 billion then the sum of
bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6
HC-R(II)M2dC and HC-R(II)M3dC should be less than or equal to
ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000)
the sum of HC-L7d2bC and HC-L7d1bC
then (bhcks593 + bhckS614) le (bhckg417 + bhckg411)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(II)M2eA
covered SLHCs as defined by the final capital rule only,
should not be negative.
bhcks594 ge 0 or bhcks594 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
SLHCs as defined by the final capital rule only, HC-R(II)M2eB
covered SLHCs as defined by the final capital rule only,
should not be negative.
bhcks595 ge 0 or bhcks595 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered covered SLHCs as defined by the final capital rule only, if (mmSLHCs as defined by the final capital rule only, if previous year
q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 and
June HC-12 is greater than or equal to $5 billion then the sum of bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6
HC-R(II)M2bA through HC-R(II)M2bC, HC-R(II)M2fA through HC- ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000)
R(II)M2gC, HC-R(II)M3bA through HC-R(II)M3bC, and HCthen (bhcks585 + bhcks586 + bhcks587 + bhcks597 + bhcks598
R(II)M3fA through HC-R(II)M3gC should be less than or equal to
+ bhcks599 + bhcks600 + bhcks601 + bhcks602 + bhcks606 +
the sum of HC-L11aB, HC-L11bB, HC-L11c2B, HC-L11d2B, HCbhcks607 + bhcks608 + bhcks618 + bhcks619 + bhcks620 +
L11eB, HC-L11aD, HC-L11bD, HC-L11c2D, HC-L11d2D and HCbhcks621 + bhcks622 + bhcks623) le (bhck8694 + bhck8698 +
L11eD.
bhck8706 +bhck8714 + bhck3826 + bhck8696 + bhck8700 +
bhck8708 + bhck8716 + bhck8720)
FR Y-9C: EDIT-86 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20200331
99991231
No Change
HC-R(II)
Quality
7077
HCR(II)M3gC
BHCKS623
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2eC
BHCKS596
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2fA
BHCKS597
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2fB
BHCKS598
FRY9C
20200331
99991231
No Change
HC-R(II)
Quality
7091
HCR(II)M3eC
BHCKS617
FRY9C
20191231
99991231
No Change
HC-R(II)
Quality
7095
HCR(II)M3eC
BHCKS617
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2fC
BHCKS599
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2gA
BHCKS600
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2gB
BHCKS601
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M2gC
BHCKS602
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3aA
BHCKS603
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3aB
BHCKS604
September 2021
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule that do not plan to adopt
the CBLR framework only, If the sum of HC-L11aB, HC-L11bB, HCL11c2B, HC-L11d2B, HC-L11eB, HC-L11aD, HC-L11bD, HC-L11c2D,
HC-L11d2D and HC-L11eD is greater than zero and HC-R(I)31a is
zero, then the sum of HC-R(II)M2bA through HC-R(II)M2bC, HCR(II)M2fA through HC-R(II)M2gC, HC-R(II)M3bA through HCR(II)M3bC, and HC-R(II)M3fA through HC-R(II)M3gC should be
greater than zero.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M2eC
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M2fA
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M2fB
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule that do not plan to adopt
the CBLR framework only, If the sum of HC-L11aC, HC-L11bC, HCL11c2C, HC-L11d2C and HC-L11eC is greater than zero and HCR(I)31a is zero, then sum of HC-R(II)M2eA through HC-R(II)M2eC
and R(II)M3eA through HC-R(II)M3eC should be greater than zero.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule that do not
plan to adopt the CBLR framework only, if (bhck8694 +
bhck8698 + bhck8706 + bhck8714 + bhck3826 + bhck8696 +
bhck8700 + bhck8708 + bhck8716 + bhck8720) gt 0 and
bhcale74 eq 0 then (bhcks585 + bhcks586 + bhcks587 +
bhcks597 + bhcks598 + bhcks599 + bhcks600 + bhcks601 +
bhcks602 + bhcks606 + bhcks607 + bhcks608 + bhcks618 +
bhcks619 + bhcks620 + bhcks621 + bhcks622 + bhcks623) gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks596 ge 0 or bhcks596 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks597 ge 0 or bhcks597 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks598 ge 0 or bhcks598 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule that do not
plan to adopt the CBLR framework only, if (bhck8695 +
bhck8699 + bhck8707 + bhck8715 + bhck8719) gt 0 and
bhcale74 eq 0 then (bhcks594 + bhcks595 + bhcks596 +
bhcks615 + bhcks616 + bhcks617) gt 0
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only, if (mmq1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 and
bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6
ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000)
then (bhcks594 + bhcks595 + bhcks596 + bhcks615 + bhcks616
+ bhcks617) le (bhck8695 + bhck8699 + bhck8707 + bhck8715 +
bhck8719)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks599 ge 0 or bhcks599 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks600 ge 0 or bhcks600 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks601 ge 0 or bhcks601 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks602 ge 0 or bhcks602 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks603 ge 0 or bhcks603 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks604 ge 0 or bhcks604 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, if previous year
June HC-12 is greater than or equal to $5 billion then the sum of
HC-R(II)M2eA through HC-R(II)M2eC and R(II)M3eA through HCR(II)M3eC should be less than or equal to the sum of HC-L11aC,
HC-L11bC, HC-L11c2C, HC-L11d2C and HC-L11eC.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M2fC
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M2gA
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M2gB
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M2gC
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3aA
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3aB
should not be negative.
FR Y-9C: EDIT-87 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20210630
99991231
No Change
HC-R(II)
Quality
7097
HCR(II)M3dC
BHCKS614
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3aC
BHCKS605
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3bA
BHCKS606
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3bB
BHCKS607
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3bC
BHCKS608
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3cA
BHCKS609
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3cB
BHCKS610
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3cC
BHCKS611
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3dA
BHCKS612
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3dB
BHCKS613
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3dC
BHCKS614
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3eA
BHCKS615
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3eB
BHCKS616
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3eC
BHCKS617
September 2021
Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule that do not plan to adopt
the CBLR framework only, if previous year June HC-12 is greater
than or equal to $5 billion and HC-R(I)31a is zero then the sum of
HC-R(II)M2cA through HC-R(II)M2dC and HC-R(II)M3cA through
HC-R(II)M3dC should be between 75% and 100% of the sum of HCL7c1b, HC-L7c1a, HC-L7c2a, HC-L7c2b, and HC-L7c2c.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3aC
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3bA
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3bB
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3bC
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3cA
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3cB
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3cC
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3dA
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3dB
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3dC
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3eA
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3eB
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3eC
should not be negative.
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule that do not
plan to adopt the CBLR framework only, if ((mm-q1 eq 03 and
bhck2170-q4 ge 5000000) or (mm-q1 eq 06 and bhck2170-q5
ge 5000000) or (mm-q1 eq 09 and bhck2170-q6 ge 5000000) or
(mm-q1 eq 12 and bhck2170-q7 ge 5000000)) and bhcale74 eq
0 then (bhcks588 + bhcks589 + bhcks590 + bhcks591 +
bhcks592 + bhcks593 + bhcks609 + bhcks610 + bhcks611 +
bhcks612 + bhcks613 + bhcks614) ge ((bhckg402 + bhckg401 +
bhckg403+ bhckg405) * .75) and (bhcks588 + bhcks589 +
bhcks590 + bhcks591 + bhcks592 + bhcks593 + bhcks609 +
bhcks610 + bhcks611 + bhcks612 + bhcks613 + bhcks614) le
(bhckg402 + bhckg401+ bhckg403+ bhckg404+ bhckg405)
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks605 ge 0 or bhcks605 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks606 ge 0 or bhcks606 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks607 ge 0 or bhcks607 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks608 ge 0 or bhcks608 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks609 ge 0 or bhcks609 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks610 ge 0 or bhcks610 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks611 ge 0 or bhcks611 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks612 ge 0 or bhcks612 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks613 ge 0 or bhcks613 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks614 ge 0 or bhcks614 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks615 ge 0 or bhcks615 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks616 ge 0 or bhcks616 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks617 ge 0 or bhcks617 eq null
FR Y-9C: EDIT-88 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3fA
BHCKS618
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3fB
BHCKS619
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3fC
BHCKS620
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3gA
BHCKS621
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3gB
BHCKS622
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HCR(II)M3gC
BHCKS623
FRY9C
20160930
99991231
No Change
HC-R(II)
Quality
9550
HC-R(II)M4
BHCKS624
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7190
HC-S1A
BHCKB705
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7190
HC-S1B
BHCKB706
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7190
HC-S1C
BHCKB707
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7190
HC-S1D
BHCKB708
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7190
HC-S1E
BHCKB709
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7190
HC-S1F
BHCKB710
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7190
HC-S1G
BHCKB711
September 2021
TargetItem
MDRM
Number
Edit Test
Alg Edit Test
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3fA
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3fB
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3fC
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3gA
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3gB
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M3gC
should not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered
SLHCs as defined by the final capital rule only, HC-R(II)M4 should
not be negative.
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks618 ge 0 or bhcks618 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks619 ge 0 or bhcks619 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks620 ge 0 or bhcks620 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks621 ge 0 or bhcks621 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks622 ge 0 or bhcks622 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks623 ge 0 or bhcks623 eq null
For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and
covered SLHCs as defined by the final capital rule only,
bhcks624 ge 0 or bhcks624 eq null
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S1 (column A) (previous) is greater than zero, then HC-S1
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(column A) (current) should be greater than zero.
ge 5000000)) and bhckb705-q2 gt 0 then bhckb705-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S1 (column B) (previous) is greater than zero, then HC-S1
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(column B) (current) should be greater than zero.
ge 5000000)) and bhckb706-q2 gt 0 then bhckb706-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S1 (column C) (previous) is greater than zero, then HC-S1
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(column C) (current) should be greater than zero.
ge 5000000)) and bhckb707-q2 gt 0 then bhckb707-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S1 (column D) (previous) is greater than zero, then HC-S1
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(column D) (current) should be greater than zero.
ge 5000000)) and bhckb708-q2 gt 0 then bhckb708-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S1 (column E) (previous) is greater than zero, then HC-S1
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(column E) (current) should be greater than zero.
ge 5000000)) and bhckb709-q2 gt 0 then bhckb709-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S1 (column F) (previous) is greater than zero, then HC-S1
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(column F) (current) should be greater than zero.
ge 5000000)) and bhckb710-q2 gt 0 then bhckb710-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S1 (column G) (previous) is greater than zero, then HC-S1
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(column G) (current) should be greater than zero.
ge 5000000)) and bhckb711-q2 gt 0 then bhckb711-q1 gt 0
FR Y-9C: EDIT-89 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7222
HC-S2A
BHCKHU09
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7222
HC-S2B
BHCKHU10
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7222
HC-S2C
BHCKHU11
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7222
HC-S2D
BHCKHU12
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7222
HC-S2E
BHCKHU13
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7222
HC-S2F
BHCKHU14
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7222
HC-S2G
BHCKHU15
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7234
HC-S3A
BHCKB726
FRY9C
20150331
99991231
No Change
HC-S
Quality
7238
HC-S3A
BHCKB726
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7234
HC-S3B
BHCKB727
FRY9C
20150331
99991231
No Change
HC-S
Quality
7240
HC-S3B
BHCKB727
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7234
HC-S3C
BHCKB728
FRY9C
20150331
99991231
No Change
HC-S
Quality
7242
HC-S3C
BHCKB728
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7234
HC-S3D
BHCKB729
FRY9C
20150331
99991231
No Change
HC-S
Quality
7244
HC-S3D
BHCKB729
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7234
HC-S3E
BHCKB730
September 2021
Edit Test
Alg Edit Test
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S2A (previous) is greater than zero, then HC-S2A (current)
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
should be greater than zero.
ge 5000000)) and bhckhu09-q2 gt 0 then bhckhu09-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S2B (previous) is greater than zero, then HC-S2B (current)
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
should be greater than zero.
ge 5000000)) and bhckhu10-q2 gt 0 then bhckhu10-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S2C (previous) is greater than zero, then HC-S2C (current)
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
should be greater than zero.
ge 5000000)) and bhckhu11-q2 gt 0 then bhckhu11-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S2D (previous) is greater than zero, then HC-S2D (current)
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
should be greater than zero.
ge 5000000)) and bhckhu12-q2 gt 0 then bhckhu12-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S2E (previous) is greater than zero, then HC-S2E (current)
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
should be greater than zero.
ge 5000000)) and bhckhu13-q2 gt 0 then bhckhu13-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S2F (previous) is greater than zero, then HC-S2F (current)
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
should be greater than zero.
ge 5000000)) and bhckhu14-q2 gt 0 then bhckhu14-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S2G (previous) is greater than zero, then HC-S2G (current)
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
should be greater than zero.
ge 5000000)) and bhckhu15-q2 gt 0 then bhckhu15-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S3 (column A) (previous) is greater than zero, then HC-S3
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(column A) (current) should be greater than zero.
ge 5000000)) and bhckb726-q2 gt 0 then bhckb726-q1 gt 0
HC-S3A should be less than or equal to HC-S1A.
bhckb726 le bhckb705
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S3 (column B) (previous) is greater than zero, then HC-S3
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(column B) (current) should be greater than zero.
ge 5000000)) and bhckb727-q2 gt 0 then bhckb727-q1 gt 0
HC-S3B should be less than or equal to HC-S1B.
bhckb727 le bhckb706
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S3 (column C) (previous) is greater than zero, then HC-S3
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(column C) (current) should be greater than zero.
ge 5000000)) and bhckb728-q2 gt 0 then bhckb728-q1 gt 0
HC-S3C should be less than or equal to HC-S1C.
bhckb728 le bhckb707
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S3 (column D) (previous) is greater than zero, then HC-S3
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(column D) (current) should be greater than zero.
ge 5000000)) and bhckb729-q2 gt 0 then bhckb729-q1 gt 0
HC-S3D should be less than or equal to HC-S1D.
bhckb729 le bhckb708
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S3 (column E) (previous) is greater than zero, then HC-S3
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(column E) (current) should be greater than zero.
ge 5000000)) and bhckb730-q2 gt 0 then bhckb730-q1 gt 0
FR Y-9C: EDIT-90 of 98
NONCONFIDENTIAL // EXTERNAL
Series
FRY9C
Effective Start
Date
20150331
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
99991231
Edit Change Schedule Edit Type
No Change
HC-S
Quality
Edit
Number
7246
TargetItem
HC-S3E
MDRM
Number
BHCKB730
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7234
HC-S3F
BHCKB731
FRY9C
20150331
99991231
No Change
HC-S
Quality
7248
HC-S3F
BHCKB731
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7234
HC-S3G
BHCKB732
FRY9C
20150331
99991231
No Change
HC-S
Quality
HC-S3G
BHCKB732
FRY9C
20150331
99991231
No Change
HC-S
Intraseries 7270
HC-S5aA
BHCKB747
FRY9C
20150331
99991231
No Change
HC-S
Intraseries 7270
HC-S5aB
BHCKB748
FRY9C
20150331
99991231
No Change
HC-S
Intraseries 7270
HC-S5aC
BHCKB749
FRY9C
20150331
99991231
No Change
HC-S
Intraseries 7270
HC-S5aD
BHCKB750
FRY9C
20150331
99991231
No Change
HC-S
Intraseries 7270
HC-S5aE
BHCKB751
FRY9C
20150331
99991231
No Change
HC-S
Intraseries 7270
HC-S5aF
BHCKB752
FRY9C
20150331
99991231
No Change
HC-S
Intraseries 7270
HC-S5aG
BHCKB753
FRY9C
20150331
99991231
No Change
HC-S
Intraseries 7275
HC-S5bA
BHCKB754
FRY9C
20150331
99991231
No Change
HC-S
Intraseries 7275
HC-S5bB
BHCKB755
September 2021
7252
Edit Test
Alg Edit Test
HC-S3E should be less than or equal to HC-S1E.
bhckb730 le bhckb709
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and bhckb731-q2 gt 0 then bhckb731-q1 gt 0
HC-S3F should be less than or equal to HC-S1F.
bhckb731 le bhckb710
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S3 (column G) (previous) is greater than zero, then HC-S3
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(column G) (current) should be greater than zero.
ge 5000000)) and bhckb732-q2 gt 0 then bhckb732-q1 gt 0
HC-S3G should be less than or equal to HC-S1G.
bhckb732 le bhckb711
For June, September, and December, if HC-S1 (column A) (current)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
is greater than or equal to HC-S1 (column A) (previous), then HC(bhckb705-q1 ge bhckb705-q2) then (bhckb747-q1 ge bhckb747S5a (column A) (current) should be greater than or equal to HCq2 - 2)
S5a (column A) (previous -2).
For June, September, and December, if HC-S1 (column B) (current)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
is greater than or equal to HC-S1 (column B) (previous), then HC(bhckb706-q1 ge bhckb706-q2) then (bhckb748-q1 ge bhckb748S5a (column B) (current) should be greater than or equal to HCq2 - 2)
S5a (column B) (previous -2).
For June, September, and December, if HC-S1 (column C) (current)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
is greater than or equal to HC-S1 (column C) (previous), then HC(bhckb707-q1 ge bhckb707-q2) then (bhckb749-q1 ge bhckb749S5a (column C) (current) should be greater than or equal to HCq2 - 2)
S5a (column C) (previous -2).
For June, September, and December, if HC-S1 (column D) (current)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
is greater than or equal to HC-S1 (column D) (previous), then HC(bhckb708-q1 ge bhckb708-q2) then (bhckb750-q1 ge bhckb750S5a (column D) (current) should be greater than or equal to HCq2 - 2)
S5a (column D) (previous -2).
For June, September, and December, if HC-S1 (column E) (current)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
is greater than or equal to HC-S1 (column E) (previous), then HC(bhckb709-q1 ge bhckb709-q2) then (bhckb751-q1 ge bhckb751S5a (column E) (current) should be greater than or equal to HCq2 - 2)
S5a (column E) (previous -2).
For June, September, and December, if HC-S1 (column F) (current)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
is greater than or equal to HC-S1 (column F) (previous), then HC(bhckb710-q1 ge bhckb710-q2) then (bhckb752-q1 ge bhckb752S5a (column F) (current) should be greater than or equal to HCq2 - 2)
S5a (column F) (previous -2).
For June, September, and December, if HC-S1 (column G)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(current) is greater than or equal to HC-S1 (column G) (previous),
(bhckb711-q1 ge bhckb711-q2) then (bhckb753-q1 ge bhckb753then HC-S5a (column G) (current) should be greater than or equal
q2 - 2)
to HC-S5a (column G) (previous -2).
For June, September, and December, if HC-S1 (columns A through
G) (current) is greater than or equal to HC-S1 (columns A through if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
G) (previous), then HC-S5b (columns A through G) (current) should (bhckb705-q1 ge bhckb705-q2) then (bhckb754-q1 ge bhckb754q2 - 2)
be greater than or equal to HC-S5b (columns A through G)
(previous -2).
For June, September, and December, if HC-S1 (columns A through
G) (current) is greater than or equal to HC-S1 (columns A through if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
G) (previous), then HC-S5b (columns A through G) (current) should (bhckb706-q1 ge bhckb706-q2) then (bhckb755-q1 ge bhckb755q2 - 2)
be greater than or equal to HC-S5b (columns A through G)
(previous -2).
If previous year June HC-12 is greater than or equal to $5 billion,
and HC-S3 (column F) (previous) is greater than zero, then HC-S3
(column F) (current) should be greater than zero.
FR Y-9C: EDIT-91 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20150331
99991231
No Change
HC-S
Intraseries 7275
HC-S5bC
BHCKB756
FRY9C
20150331
99991231
No Change
HC-S
Intraseries 7275
HC-S5bD
BHCKB757
FRY9C
20150331
99991231
No Change
HC-S
Intraseries 7275
HC-S5bE
BHCKB758
FRY9C
20150331
99991231
No Change
HC-S
Intraseries 7275
HC-S5bF
BHCKB759
FRY9C
20150331
99991231
No Change
HC-S
Intraseries 7275
HC-S5bG
BHCKB760
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7351
HC-S9A
BHCKB776
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7351
HC-S9D
BHCKB779
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7351
HC-S9E
BHCKB780
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7351
HC-S9F
BHCKB781
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7351
HC-S9G
BHCKB782
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7355
HC-S10A
BHCKB783
September 2021
Edit Test
For June, September, and December, if HC-S1 (columns A through
G) (current) is greater than or equal to HC-S1 (columns A through
G) (previous), then HC-S5b (columns A through G) (current) should
be greater than or equal to HC-S5b (columns A through G)
(previous -2).
For June, September, and December, if HC-S1 (columns A through
G) (current) is greater than or equal to HC-S1 (columns A through
G) (previous), then HC-S5b (columns A through G) (current) should
be greater than or equal to HC-S5b (columns A through G)
(previous -2).
For June, September, and December, if HC-S1 (columns A through
G) (current) is greater than or equal to HC-S1 (columns A through
G) (previous), then HC-S5b (columns A through G) (current) should
be greater than or equal to HC-S5b (columns A through G)
(previous -2).
For June, September, and December, if HC-S1 (columns A through
G) (current) is greater than or equal to HC-S1 (columns A through
G) (previous), then HC-S5b (columns A through G) (current) should
be greater than or equal to HC-S5b (columns A through G)
(previous -2).
For June, September, and December, if HC-S1 (columns A through
G) (current) is greater than or equal to HC-S1 (columns A through
G) (previous), then HC-S5b (columns A through G) (current) should
be greater than or equal to HC-S5b (columns A through G)
(previous -2).
Alg Edit Test
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhckb707-q1 ge bhckb707-q2) then (bhckb756-q1 ge bhckb756q2 - 2)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhckb708-q1 ge bhckb708-q2) then (bhckb757-q1 ge bhckb757q2 - 2)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhckb709-q1 ge bhckb709-q2) then (bhckb758-q1 ge bhckb758q2 - 2)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhckb710-q1 ge bhckb710-q2) then (bhckb759-q1 ge bhckb759q2 - 2)
if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and
(bhckb711-q1 ge bhckb711-q2) then (bhckb760-q1 ge bhckb760q2 - 2)
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and bhckb776-q2 gt 0 then bhckb776-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S9 (column D) (previous) is greater than zero, then HC-S9
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(column D) (current) should be greater than zero.
ge 5000000)) and bhckb779-q2 gt 0 then bhckb779-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S9 (column E) (previous) is greater than zero, then HC-S9
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(column E) (current) should be greater than zero.
ge 5000000)) and bhckb780-q2 gt 0 then bhckb780-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S9 (column F) (previous) is greater than zero, then HC-S9
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(column F) (current) should be greater than zero.
ge 5000000)) and bhckb781-q2 gt 0 then bhckb781-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S9 (column G) (previous) is greater than zero, then HC-S9
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
(column G) (current) should be greater than zero.
ge 5000000)) and bhckb782-q2 gt 0 then bhckb782-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and HC-S10 (column A) (previous) is greater than zero, then HCbhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
S10 (column A) (current) should be greater than zero.
ge 5000000)) and bhckb783-q2 gt 0 then bhckb783-q1 gt 0
If previous year June HC-12 is greater than or equal to $5 billion,
and HC-S9 (column A) (previous) is greater than zero, then HC-S9
(column A) (current) should be greater than zero.
FR Y-9C: EDIT-92 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
Edit Test
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7355
HC-S10D
BHCKB786
If previous year June HC-12 is greater than or equal to $5 billion,
and HC-S10 (column D) (previous) is greater than zero, then HCS10 (column D) (current) should be greater than zero.
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7355
HC-S10E
BHCKB787
If previous year June HC-12 is greater than or equal to $5 billion,
and HC-S10 (column E) (previous) is greater than zero, then HCS10 (column E) (current) should be greater than zero.
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7355
HC-S10F
BHCKB788
If previous year June HC-12 is greater than or equal to $5 billion,
and HC-S10 (column F) (previous) is greater than zero, then HCS10 (column F) (current) should be greater than zero.
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7355
HC-S10G
BHCKB789
If previous year June HC-12 is greater than or equal to $5 billion,
and HC-S10 (column G) (previous) is greater than zero, then HCS10 (column G) (current) should be greater than zero.
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7361
HC-S11A
BHCKB790
If previous year June HC-12 is greater than or equal to $5 billion,
and HC-S11 (column A) (previous) is greater than zero, then HCS11 (column A) (current) should be greater than zero.
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7361
HC-S11G
BHCKB796
If previous year June HC-12 is greater than or equal to $5 billion,
and HC-S11 (column G) (previous) is greater than zero, then HCS11 (column G) (current) should be greater than zero.
FRY9C
20150331
99991231
No Change
HC-S
Quality
7362
HC-S12A
BHCKB797
FRY9C
20150331
99991231
No Change
HC-S
Quality
7373
HC-S12A
BHCKB797
FRY9C
20150331
99991231
No Change
HC-S
Quality
7372
HC-S12G
BHCKB803
FRY9C
20150331
99991231
No Change
HC-S
Quality
7373
HC-S12G
BHCKB803
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7400
HC-SM2c
BHCKA591
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7410
HC-SM3a2
BHCKB807
FRY9C
20191231
99991231
No Change
HC-S
Intraseries 7420
HC-SM3b2
BHCKB809
FRY9C
20190630
99991231
No Change
HC-S
Quality
HC-SM4
BHCKC407
September 2021
7430
HC-S12A should be less than or equal to HC-S11A.
If HC-S11 (column A) is greater than $100 thousand, HC-S12
(column A) should be greater than zero.
HC-S12G should be less than or equal to HC-S11G.
If HC-S11 (column G) is greater than $100 thousand, HC-S12
(column G) should be greater than zero.
Alg Edit Test
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and bhckb786-q2 gt 0 then bhckb786-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and bhckb787-q2 gt 0 then bhckb787-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and bhckb788-q2 gt 0 then bhckb788-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and bhckb789-q2 gt 0 then bhckb789-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and bhckb790-q2 gt 0 then bhckb790-q1 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
ge 5000000)) and bhckb796-q2 gt 0 then bhckb796-q1 gt 0
bhckb797 le bhckb790
if bhckb790 gt 100 then bhckb797 gt 0
bhckb803 le bhckb796
if bhckb796 gt 100 then bhckb803 gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and the sum of (HC-SM2a through HC-SM2c) (previous) is greater
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
than $10 million, then the sum of (HC-SM2a through HC-SM2c)
ge 5000000)) and (bhckb804-q2 + bhckb805-q2 + bhcka591-q2)
(current) should be greater than zero.
gt 10000 then (bhckb804-q1 + bhckb805-q1 + bhcka591-q1) gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and the sum of HC-SM3a1 (previous) and HC-SM3a2 (previous) is
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
greater than zero, then the sum of HC-SM3a1 (current) and HCge 5000000)) and (bhckb806-q2 + bhckb807-q2 ) gt 0 then
SM3a2 (current) should be greater than zero.
(bhckb806-q1 + bhckb807-q1 ) gt 0
if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq
If previous year June HC-12 is greater than or equal to $5 billion,
06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and
and the sum of HC-SM3b1 (previous) and HC-SM3b2 (previous) is
bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7
greater than zero, then the sum of HC-SM3b1 (current) and HCge 5000000)) and (bhckb808-q2 + bhckb809-q2 ) gt 0 then
SM3b2 (current) should be greater than zero.
(bhckb808-q1 + bhckb809-q1 ) gt 0
If the sum of HC-C6aA, HC-S1C, and HC-S6C is greater than $500
million or [the sum of HC-C6aA and HC-S1C divided by the sum of if (((bhckb538 + bhckb707 + bhckhu17) gt 500000) or
HC-C12A and HC-S1C is greater than 50% and the sum of HC-C12A ((((bhckb538 + bhckb707)/(bhck2122 + bhckb707))*100 gt 50)
and (((bhck2122 + bhckb707)/(bhck2170 + bhckb707))*100 gt
and HC-S1C divided by the sum of HC-12 and HC-S1C is greater
50))) and bhckb707 gt 100 then bhckc407 gt 0
than 50%] and HC-S1C is greater than $100 thousand, then HCSM4 should be greater than zero.
FR Y-9C: EDIT-93 of 98
NONCONFIDENTIAL // EXTERNAL
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Series
Effective Start
Date
Effective End
Date
Edit Change Schedule Edit Type
Edit
Number
TargetItem
MDRM
Number
FRY9C
20180630
99991231
No Change
HC-V
Quality
0432
HC-V1aB
BHCKJF84
FRY9C
FRY9C
FRY9C
FRY9C
FRY9C
20150331
20150331
20150331
20150331
20150331
99991231
99991231
99991231
99991231
99991231
No Change
No Change
No Change
No Change
No Change
NBS-P
NBS-P
NBS-P
NBS-P
NIS-P
Quality
Quality
Quality
Quality
Quality
9570
9570
9570
9570
9330
NBS-P1
NBS-P2
NBS-P3
NBS-P4
NIS-P7b
BHBC3516
BHBC3402
BHBC3368
BHBC3519
BHBCC216
FRY9C
20190630
99991231
No Change
NIS-P
Quality
5599
NIS-P8
BHBC4301
Quality
9580
NBS1
BHCKK141
NBS1 should not be null and should not be negative.
bhckk141 ne null and bhckk141 ge 0
Quality
0448
NBS2
BHCK5357
If financial data is not equal to null or zero, then text data should
not be null.
if bhck5357 ne null and bhck5357 ne 0 then text5357 ne null
Quality
0449
NBS2TX
TEXT5357
If text data is not equal to null, then financial data should not
equal null or zero.
if text5357 ne null then bhck5357 ne null and bhck5357 ne 0
Quality
0450
NBS3
BHCK5358
If financial data is not equal to null or zero, then text data should
not be null.
if bhck5358 ne null and bhck5358 ne 0 then text5358 ne null
Quality
0451
NBS3TX
TEXT5358
If text data is not equal to null, then financial data should not
equal null or zero.
if text5358 ne null then bhck5358 ne null and bhck5358 ne 0
Quality
0452
NBS4
BHCK5359
If financial data is not equal to null or zero, then text data should
not be null.
if bhck5359 ne null and bhck5359 ne 0 then text5359 ne null
Quality
0453
NBS4TX
TEXT5359
If text data is not equal to null, then financial data should not
equal null or zero.
if text5359 ne null then bhck5359 ne null and bhck5359 ne 0
Quality
7608
NBS5
BHCK5360
If financial data is not equal to null or zero, then text data should
not be null.
if bhck5360 ne null and bhck5360 ne 0 then text5360 ne null
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
September 2021
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Edit Test
Sum of HC-V1aA and HC-V1aB should be less than or equal to the
sum of HC-1a through HC-1b2.
NBS-P1 should not be negative.
NBS-P2 should not be negative.
NBS-P3 should not be negative.
NBS-P4 should not be negative.
NIS-P7b should not be negative.
Sum of NIS-P3, NIS-P5 and NIS-P6 minus the sum of NIS-P4 and
NIS-P7 should equal NIS-P8.
Alg Edit Test
(bhckj981 + bhckjf84) le (bhck0081 + bhck0395 + bhck0397)
bhbc3516 ge 0 or bhbc3516 eq null
bhbc3402 ge 0 or bhbc3402 eq null
bhbc3368 ge 0 or bhbc3368 eq null
bhbc3519 ge 0 or bhbc3519 eq null
bhbcc216 ge 0 or bhbcc216 eq null
((bhbc4074 + bhbc4079 + bhbc4091) - (bhbcjj33 + bhbc4093))
eq bhbc4301
FR Y-9C: EDIT-94 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
September 2021
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Edit
Number
TargetItem
MDRM
Number
Edit Test
Alg Edit Test
Quality
7609
NBS5TX
TEXT5360
If text data is not equal to null, then financial data should not
equal null or zero.
if text5360 ne null then bhck5360 ne null and bhck5360 ne 0
Quality
7610
NBS6
BHCKB027
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb027 ne null and bhckb027 ne 0 then textb027 ne null
Quality
7611
NBS6TX
TEXTB027
If text data is not equal to null, then financial data should not
equal null or zero.
if textb027 ne null then bhckb027 ne null and bhckb027 ne 0
Quality
7612
NBS7
BHCKB028
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb028 ne null and bhckb028 ne 0 then textb028 ne null
Quality
7613
NBS7TX
TEXTB028
If text data is not equal to null, then financial data should not
equal null or zero.
if textb028 ne null then bhckb028 ne null and bhckb028 ne 0
Quality
7614
NBS8
BHCKB029
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb029 ne null and bhckb029 ne 0 then textb029 ne null
Quality
7615
NBS8TX
TEXTB029
If text data is not equal to null, then financial data should not
equal null or zero.
if textb029 ne null then bhckb029 ne null and bhckb029 ne 0
Quality
7616
NBS9
BHCKB030
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb030 ne null and bhckb030 ne 0 then textb030 ne null
Quality
7617
NBS9TX
TEXTB030
If text data is not equal to null, then financial data should not
equal null or zero.
if textb030 ne null then bhckb030 ne null and bhckb030 ne 0
Quality
7618
NBS10
BHCKB031
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb031 ne null and bhckb031 ne 0 then textb031 ne null
FR Y-9C: EDIT-95 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
September 2021
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Edit
Number
TargetItem
MDRM
Number
Edit Test
Alg Edit Test
Quality
7619
NBS10TX
TEXTB031
If text data is not equal to null, then financial data should not
equal null or zero.
if textb031 ne null then bhckb031 ne null and bhckb031 ne 0
Quality
7620
NBS11
BHCKB032
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb032 ne null and bhckb032 ne 0 then textb032 ne null
Quality
7621
NBS11TX
TEXTB032
If text data is not equal to null, then financial data should not
equal null or zero.
if textb032 ne null then bhckb032 ne null and bhckb032 ne 0
Quality
7622
NBS12
BHCKB033
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb033 ne null and bhckb033 ne 0 then textb033 ne null
Quality
7623
NBS12TX
TEXTB033
If text data is not equal to null, then financial data should not
equal null or zero.
if textb033 ne null then bhckb033 ne null and bhckb033 ne 0
Quality
7624
NBS13
BHCKB034
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb034 ne null and bhckb034 ne 0 then textb034 ne null
Quality
7625
NBS13TX
TEXTB034
If text data is not equal to null, then financial data should not
equal null or zero.
if textb034 ne null then bhckb034 ne null and bhckb034 ne 0
Quality
7626
NBS14
BHCKB035
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb035 ne null and bhckb035 ne 0 then textb035 ne null
Quality
7627
NBS14TX
TEXTB035
If text data is not equal to null, then financial data should not
equal null or zero.
if textb035 ne null then bhckb035 ne null and bhckb035 ne 0
Quality
7628
NBS15
BHCKB036
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb036 ne null and bhckb036 ne 0 then textb036 ne null
FR Y-9C: EDIT-96 of 98
NONCONFIDENTIAL // EXTERNAL
Series
Effective Start
Date
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
Edit Change Schedule Edit Type
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
FRY9C
20150331
99991231
No Change
September 2021
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Notes to
the
Balance
Sheet Other
Edit
Number
TargetItem
MDRM
Number
Edit Test
Alg Edit Test
Quality
7629
NBS15TX
TEXTB036
If text data is not equal to null, then financial data should not
equal null or zero.
if textb036 ne null then bhckb036 ne null and bhckb036 ne 0
Quality
7630
NBS16
BHCKB037
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb037 ne null and bhckb037 ne 0 then textb037 ne null
Quality
7631
NBS16TX
TEXTB037
If text data is not equal to null, then financial data should not
equal null or zero.
if textb037 ne null then bhckb037 ne null and bhckb037 ne 0
Quality
7632
NBS17
BHCKB038
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb038 ne null and bhckb038 ne 0 then textb038 ne null
Quality
7633
NBS17TX
TEXTB038
If text data is not equal to null, then financial data should not
equal null or zero.
if textb038 ne null then bhckb038 ne null and bhckb038 ne 0
Quality
7634
NBS18
BHCKB039
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb039 ne null and bhckb039 ne 0 then textb039 ne null
Quality
7635
NBS18TX
TEXTB039
If text data is not equal to null, then financial data should not
equal null or zero.
if textb039 ne null then bhckb039 ne null and bhckb039 ne 0
Quality
7636
NBS19
BHCKB040
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb040 ne null and bhckb040 ne 0 then textb040 ne null
Quality
7637
NBS19TX
TEXTB040
If text data is not equal to null, then financial data should not
equal null or zero.
if textb040 ne null then bhckb040 ne null and bhckb040 ne 0
Quality
7638
NBS20
BHCKB041
If financial data is not equal to null or zero, then text data should
not be null.
if bhckb041 ne null and bhckb041 ne 0 then textb041 ne null
FR Y-9C: EDIT-97 of 98
NONCONFIDENTIAL // EXTERNAL
Series
FRY9C
Effective Start
Date
20150331
September 2021
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C
(Effective as of September 30, 2021)
#
Effective End
Date
99991231
Edit Change Schedule Edit Type
No Change
Notes to
the
Balance Quality
Sheet Other
Edit
Number
TargetItem
MDRM
Number
7639
NBS20TX
TEXTB041
Edit Test
Alg Edit Test
If text data is not equal to null, then financial data should not
equal null or zero.
if textb041 ne null then bhckb041 ne null and bhckb041 ne 0
FR Y-9C: EDIT-98 of 98
Summary of Edit Changes - FR Y-9C Checklists
Effective as of September 30, 2021
FR Y-9C
(most recent changes listed first by type of change, edit type, edit number)
Affected Edit Information
Date of
Change
Type of
Change
Type
Number Target Item
Comments
MDRM
8/6/2021 Revised Quality
4049
HC-R(I)40a
BHCA5310
8/6/2021 Revised Validity
5437
HC-R(I)59A
BHCALF25
8/6/2021 Added
Interseries
0054
Confidentiality Checkbox BHCKC447
8/6/2021 Added
Interseries
0055
Confidentiality Checkbox BHCKKY38
8/6/2021 Added
Quality
4051
HC-R(I)40a
BHCA5310
7/27/2021 Revised Quality
7059
HC-R(II)26
BHCKS580
6/29/2021 Revised Validity
5431
HC-R(I)56A
BHCALF23
6/29/2021 Revised Validity
5432
HC-R(I)56B
BHCWLF23
6/29/2021 Revised Validity
5433
HC-R(I)57A
BHCAMK66
6/29/2021 Revised Validity
5434
HC-R(I)57B
BHCWMK66
6/29/2021 Revised Validity
5435
HC-R(I)58A
BHCALF24
6/29/2021 Revised Validity
5436
HC-R(I)58B
BHCWLF24
6/29/2021 Revised Validity
5438
HC-R(I)59B
BHCWLF25
6/9/2021 Revised Quality
6075
HC-EM2
BHDMHK31
5/24/2021 Added
Validity
0021
Confidentiality Checkbox BHCKKY38
5/24/2021 Added
Validity
0022
Confidentiality Checkbox BHCKKY38
5/24/2021 Added
Validity
0023
Confidentiality Checkbox BHCKC447
5/24/2021 Added
Validity
0024
Confidentiality Checkbox BHCKC447
1
| File Type | application/pdf |
| File Modified | 2021-12-22 |
| File Created | 2020-10-22 |