Recordkeeping FR Y-9LP

Schedule PC-B

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 item, 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.

AF

(1) the dollar amount of floating or variable rate longterm debt that can be repriced in less than one year
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.

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).

T

the rate can next change and provided that the consolidated holding company reports in the same manner. In
addition, holding companies also may choose to report
their long-term debt that can be repaid in more than one
payment on the basis of their scheduled contractual
payments if the consolidated holding company reports in
the same manner. Holding companies continuing to
report their floating rate debt by earliest repricing opportunity and their multipayment debt on the basis of
contractual payments should report in this item:

(2) the dollar amount of the schedule contractual payments that are to be repaid in less than one year if the
long-term debt has fixed or predetemnined rates.

R

Exclude from this item commercial paper and other
borrowings that had a remaining maturity of one year or
less (Schedule PC, items 13(a) and 13(b)), and exclude
limited-life perferred stock reported in Schedule PC, item
16, ‘‘Subordinated notes and debentures.’’
modified

Definitions for Item 6

D

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.

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.
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 7 Loans and lease financing receivables
of the parent.

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:

Report in the appropriate subitem the total amount of the
parent holding company’s assets, including those in the
form of loans, lease financing receivables, and placements, that are past due 90 days or more and still
accruing (item 7(a)) or in nonaccrual status (item 7(b)).
Include in this item the dollar amount of assets that have
been restructured, but are no longer in compliance with
the restructured terms and are now past due or in
non-accrual status.

(1) Instruments that carry a specified interest rate, for,
say, six months and thereafter carry a rate equal to a
specific percentage over the initial rate.

Line Item 7(a) Past due 90 days or more and still
accruing.

(2) Instruments that carry a specified interest rate while
the transaction amount is below a certain threshold
amount but carry a different specified rate above that
FR Y-9LP
Schedule PC-B

June 2013

December
2024

Line Item 7(b) Nonaccrual status.
Report on a holding company parent company only basis
assets, including loans, lease financing receivables, and
PC-B-3

Schedule PC-B

modified to borrowers
experiencing financial difficulty.

Definition for Item 8

AF

T

of which have been
modified to borrowers
experiencing financial
difficulty and
Line Item 9 Not applicable.
not materially overstated. To the extent that the holding
company has elected to carry any loans in nonaccrual
Line Item 10 Pledged securities.
status on its books, such loans must be reported as
nonaccrual in this schedule.
Report the amortized cost of all held-to-maturity debt
securities, the fair value of all available-for-sale debt
Line Item 8 Loans of the parent restructured in
securities, and the fair value of all equity securities with
troubled debt restructurings that are in compliance
readily determinable fair values not held for trading
with their modified terms.
included in Schedule PC, item 2, held by the reporting
holding company (parent company only) that are pledged
Report on a holding company parent company only basis
to secure deposits, repurchase transactions, or other
all loans and lease financing receivables that have been
borrowings (regardless of the balance of liabilities against
restructured because of a deterioration in the financial
which the securities are pledged), such as performance
position of the obligor but, as of the report date, are in
bonds on futures or forward contracts, or for any other
compliance with the modified terms. Loan amounts
purpose.
should be reported net of unearned income to the extent
that the same categories of loans are reported net of
Line Item 11(a) Fair value of securities classified
unearned income in Schedule PC above.
as available-for-sale in Schedule PC, item 2(a)
Insert A
through 2(c).

R

Loans restructured in troubled debt restructurings—For
purposes of this report, loans restructured in troubled
debt restructurings (i.e., renegotiated debt) includes those
loans restructured in troubled debt restructurings renegotiated to provide a reduction of either interest or principal
because of a deterioration in the financial position of the
borrower. 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.

D

Include in memoranda item 8 only those loans restructured in troubled debt restructurings that are in compliance with the modified terms of the renegotiation. If such
loans are past due or in nonaccrual status, they are to be
excluded from memoranda item 8 and reported in memoranda items 7(a) and 7(b) above.
Include all loans to individuals for household, family, and
other personal expenditures, and all loans secured by 1–4
family residential properties.
For further information, see 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.
See the instructions for memoranda item 1, Schedule
HC-C on the FR Y-9C for further information on loans
restructured in troubled debt restructurings.
FR Y-9LP
Schedule PC-B

Report in this item the fair value of all securities included
in Schedule PC, item 2(a) through 2(c), ‘‘Securities,’’ that
have been designated as available-for-sale. The fair value
(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 value. For example, securities traded on
national, regional, or foreign exchanges, or on organized
over-the-counter markets should be valued at the most
recently available quotation in the most active market.
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. Equity
securities that do not have readily determinable fair
values shall be reported at historical cost. (NOTE: The
sum of items 11(a) through 11(c) must equal the sum of
Schedule PC, item 2(a) through 2(c)).
Line Item 11(b) Amortized cost of securities
classified as held-to-maturity in Schedule PC,
item 2(a) through 2(c).
Report the amortized cost of securities classified as
held-to-maturity in Schedule PC, item 2(a) through 2(c).
(NOTE: The sum of items 11(a) through 11(c) must
equal the sum of Schedule PC, item 2(a) through 2(c)).

modifications to borrowers experiencing financial difficulty.
December 2020

December
2024

PC-B-5

Insert A

Loan modifications to borrowers experiencing financial difficulty - Holding companies are required for
financial reporting purposes to disclose modifications to borrowers experiencing financial difficulty if such
modifications include principal forgiveness, an interest rate reduction, an other-than-insignificant payment
delay, or a term extension (or a combination thereof).

D

R

AF

T

For purposes of this Memorandum item, report all loans of the parent company that have been modified to
borrowers experiencing financial difficulty, as described in ASU 2022-02, which only includes only those
modifications in the previous 12 months that are performing in accordance with their modified terms,
unless the loan meets the conditions that would require it to be reported in memorandum items 7(a) or 7(b)
above.