Instructions for FR Y-9C - Consolidated Financial Statements for Holding Companies

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Board of Governors of the Federal Reserve System

Instructions for Preparation of

Consolidated Financial Statements for
Holding Companies
Reporting Form FR Y-9C
Effective March 2026

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 June 2022

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 Credit 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 2024

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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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 . . . . . . . . . . . . . . . . . . . . . . . . . . .
Continuing Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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- 8
GL- 8
GL- 8
GL- 8
GL-10
GL-11
GL-13
GL-13
GL-13
GL-16
GL-16
GL-16
GL-19
GL-19
GL-20
GL-20
GL-20
GL-20
GL-20
GL-20
GL-20
GL-20
GL-21
GL-21
GL-21

FR Y-9C
Contents March 2024

Contents

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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Functional Currency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
FR Y-9C
Contents June 2022

GL-21
GL-21
GL-21
GL-21
GL-21
GL-22
GL-22
GL-22
GL-24
GL-24
GL-24
GL-24
GL-25
GL-30
GL-36
GL-36
GL-37
GL-37
GL-37
GL-37
GL-38
GL-39
GL-40
GL-40
GL-41
GL-41
GL-42
GL-42
GL-42
GL-43
GL-47
GL-47
GL-47
GL-48
GL-49
GL-49
GL-49
GL-49
Contents-5

Contents

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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other Real Estate Owned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Overdraft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contents-6

GL-49
GL-50
GL-53
GL-53
GL-53
GL-58
GL-59
GL-59
GL-59
GL-59
GL-59
GL-59
GL-60
GL-61
GL-61
GL-61
GL-67
GL-68
GL-68
GL-69
GL-71
GL-72
GL-72
GL-72
GL-72
GL-72
GL-72
GL-72
GL-72
GL-75
GL-75
GL-75
GL-75
GL-76
GL-76
GL-76
GL-76
GL-76

FR Y-9C
Contents March 2024

Contents

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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Settlement Date Accounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Shell Branches . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Short Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Standby Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
FR Y-9C
Contents March 2024

GL-76
GL-76
GL-77
GL-77
GL-77
GL-77
GL-77
GL-77
GL-77
GL-77
GL-77
GL-77
GL-77
GL-78
GL-78
GL-79
GL-79
GL-81
GL-81
GL-81
GL-81
GL-81
GL-81
GL-81
GL-81
GL-83
GL-83
GL-83
GL-87
GL-87
GL-89
GL-90
GL-90
GL-91
GL-92
GL-92
GL-92
GL-93
Contents-7

Contents

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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GL-93
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GL-94
GL-94
GL-94
GL-94
GL-94
GL-95
GL-95
GL-95
GL-95
GL-95
GL-96
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GL-101
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GL-105
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FR Y-9C
Contents June 2022

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
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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

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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
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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

(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 debt securities.”
(13) Schedule HC-R, Part I item 9(c) “Accumulated net
gains (losses) on cash flow hedges.”
(14) 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.”
(15) Schedule HC-R, Part I item 9(e) “Net unrealized
gains (losses) on held-to-maturity securities that are
included in AOCI.”

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:

(16) 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.

(1) Schedule HC, item 8, “Investments in unconsolidated subsidiaries and associated companies.”

(18) Schedule HC-R, Part I item 10(b) “All other deductions from (additions to) common equity tier 1
capital before threshold-based deductions.”

(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

(17) 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 12, “Subtotal,”
(20) Schedule HC-R, Part I item 19, “Common Equity
Tier 1 capital”
(21) Schedule HC-R, Part I item 26, “Tier 1 capital”
(22) Schedule HC-R Part I item 29, “Other deductions
from (additions to) assets for leverage ratio purposes”
(23) Schedule HC-R, Part I item 31, “Leverage Ratio”
(24) Schedule HC-R Part I item 45(a) and 45(b) “Total
Capital”
(25) Schedule HC-R Part I item 47 through 49, Riskbased capital ratios
FR Y9C
General Instructions June 2022

General Instructions

(26) Schedule HC-R, Part I item 51, “Eligible retained
income,” and
(27) 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), and “Representation and
warranty reserves for 1-4 family residential mortgage
loans sold to other parties.” The CEO contact information is for the confidential use of the Board and will not
be released to the public. However, a reporting holding
company may request confidential treatment for items on
the Consolidated Financial Statements for Holding Companies (FR Y-9C) that fall, in whole or in part, within the
scope of one or more of the exemptions from disclosure
under the Freedom of Information Act (the “FOIA” – 5
U.S.C. 552) pursuant to the Board’s Rules regarding
Availability of Information, 12 CFR 261.17. The exempt
categories include (but are not limited to) “trade secrets
and commercial or financial information obtained from a
person and privileged or confidential” (exemption 4) and
information that, if disclosed, “would constitute a clearly
unwarranted invasion of personal privacy” (exemption 6). The respondent may request confidential treatment for any information that it believes is exempt from
disclosure under the FOIA. For example, if the applicant
submits commercial or financial information that is both
customarily and actually treated as private, or is of the
opinion that information of a personal nature would
FR Y9C
General Instructions March 2026

result in a clearly unwarranted invasion of personal
privacy, confidential treatment of such information may
be requested pursuant to exemption 4 or 6, respectively.
A request for confidential treatment must be submitted in
writing prior to the electronic submission of the report.
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 or electronic copy of the Consolidated Financial Statements for Holding Companies must
GEN-7

General Instructions

be signed physically in ink or electronically 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 may subject the
officer to legal sanctions provided by 18 USC 1001
and 1007.
Holding companies that use a physical (ink) signature
must maintain in their files a physical copy of the signed
FR Y-9C submission for a period of three years following
submission.
Electronic signatures may be used instead of physical
(ink) signatures, provided the holding company’s electronic signature process satisfies the following principles:
• Form of signature: May be the typed name of the
signer; an electronic version of the signer’s physical
signature; or application of an electronic signature. The
electronic signature can be applied through various
means, including checking a box or entering a Personal
Identification Number (PIN).
• Intent to sign: The Chief Financial Officer or appropriate personnel must intend to sign the FR Y-9C as the
attestation that it is prepared in accordance with the
instructions and is true and correct, as stated on the
signature page of the FR Y-9C. This intent and capacity must be included as part of the electronic signature
process by using an electronic version of the relevant
attestation text on the FR Y-9C signature page.
• Association of signature: The electronic signature process must associate the signature with a full version of
the holding company’s FR Y-9C. This association can
be made by using a process that appends the signature
data to the record signed, or which establishes a
database-type link between the signature data and the
record signed. The holding company must include the
date of signing as part of the signature process to
validate that the electronic signature occurred prior to
FR Y-9C submission.
• Identification and authentication of signer: The holding
company must use a reliable information technology
system identification and authentication method or
process that associates access to and execution of the
electronic signature transaction with the identity of the
signer, such as requiring the signer to log into the
holding company’s systems to verify identity.
GEN-8

• Integrity of the signed record: A holding company
must have sufficient data security and data integrity
practices to ensure that the FR Y-9C with electronic
signature is safely stored, readily retrievable, and cannot be lost or altered. The FR Y-9C with an electronic
signature must be retained for three years after the
report date, unless state law or the Board requires a
longer retention period. The electronic signatures would
not be submitted as part of the electronic submission to
Reporting Central along with the FR Y-9C data, but the
electronically signed FR Y-9C would need to be
available to Board examiners upon request.
A holding company that uses electronic signatures for its
FR Y-9C would not be required to print or maintain a
paper version of the submitted FR Y-9C, as the electronic
version of the FR Y-9C and signatures would be stored in
electronic form.

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 Reporthing,” as follows: “Information is material if omitting it
or misstating it could influence decisions that users make
on 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
FR Y9C
General Instructions March 2026

General Instructions

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

FR Y9C
General Instructions September 2021

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.

GEN-9

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
Financial Accounting Standards Board (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 qualifying fair value and cash flow hedges, holding
companies should report both of the following in earnings in Schedule HI in the same income statement item
that is used to present the earnings effect of the hedged
item:
(1) The change in the fair value of the hedging instrument that is included in the assessment of hedge
effectiveness; and
(2) Amounts excluded from the assessment of hedge
effectiveness in accordance with ASC Topic 815,
Derivatives and Hedging.
In addition, for qualifying net investment hedges, holding
companies should report amounts reclassified from accumulated other comprehensive income to earnings in
Schedule HI in the same income statement item that is
used to present the earnings effect of the hedged net
investment.
For further information on fair value, cash flow, and net
investment hedges, see the Glossary entry for “Derivative Contracts.”
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.
FR Y-9C
Schedule HI

December 2024

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
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, ASC Subtopic 815-15, Derivatives and Hedging – Embedded Derivatives, and ASC
Subtopic 860-50, Transfers and Servicing – Servicing
Assets and Liabilities), 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
HI-1

Schedule HI

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
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, interest income should be measured in
accordance with the consensus in this issue. 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). For further information, see the Glossary entry
for “Purchased Credit-Deteriorated Assets.”
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
HI-2

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.
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,
as described in the Glossary entry for “Loan Fees.”
See exclusion (3) below.
(3) 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.”
(4) 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.
(5) 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.
Schedule HI

FR Y-9C
December 2024

Schedule HI

(6) The contractual amount of interest income earned on
loans that are reported at fair value under a fair value
option.

“Other noninterest income” in Schedule HI, item
5(l)). See inclusion (5) above.

Exclude from interest and fee income on loans:

(7) Interchange fees earned from credit card transactions
(report as “Other noninterest income” in Schedule
HI, item 5(l)).

(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”).

Line Item 1(a)(1) Interest and fee income on loans
in domestic offices.

(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
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
FR Y-9C
Schedule HI

March 2013

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.
Line Item 1(a)(2) Interest and fee income on loans
in foreign offices, Edge and Agreement subsidiaries,
and IBFs.
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.
HI-3

Schedule HI

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 and sales-type leases accounted for
under ASC Topic 842; and
(2) 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) Provisions for credit losses on leases (report in
Schedule HI, item 4, “Provisions for credit losses”).

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.

(3) Rental fees applicable to operating leases for furniture and equipment rented to others (report in Schedule HI, item 5(l), “Other noninterest income”).

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.’’

Line Item 1(c) Interest income on balances due
from depository institutions.

Exclude from interest and dividend income on securities:

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
balances due from depository institutions that are reported
at fair value under a fair value option.
Line Item 1(d) Interest and dividend income on
securities.
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.”) Include in the appropriate
subitem prepayment penalties received on debt securities.
HI-4

(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
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
Schedule HI

FR Y-9C
December 2024

Schedule HI

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
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 on 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
FR Y-9C
Schedule HI

December 2024

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.
(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,
HI-5

Schedule HI

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.

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 1(h) Total interest income.
Report the sum of items 1(a) through 1(g).

Line Item 2(a)(1) Interest on deposits in domestic
offices.

Line Item 2 Interest expense.

Line Item 2(a)(1)(a) Interest on time deposits of
$250,000 or less.

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.”
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
HI-6

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
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.
Schedule HI

FR Y-9C
December 2019

Schedule HI

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.

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).

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.

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.’’

Line Item 2(c) Interest on trading liabilities and
other borrowed money.

Exclude dividends declared or paid on limited-life preferred stock (report dividends declared in Schedule HI-A,
item 10).

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
FR Y-9C
Schedule HI

September 2020

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).

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.
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.
HI-7

Schedule HI

Line Item 4 Provision for credit losses.
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 ASC Topic 326,
Financial Instruments-Credit Losses. Financial assets
within the scope of the standard 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. Off-balance
sheet credit exposures within the scope of the standard
include loan commitments, financial stanby letters of
credit, and financial guarantees not accounted for as
insurance, but excluding those exposures that are unconditionally cancellable by the issuer. 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 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. Provisions
for credit losses (or reversals of provisions) on offbalance sheet credit exposures 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 exposures. Exclude the initial allowance gross-up amounts
established upon the purchase of credit-deteriorated
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.
The amount reported in this item 4 may differ from the
bad debt expense deduction taken for federal income tax
purposes.

Refer to the Glossary for “Allowance for Credit Losses”
and “Purchased Credit-Deteriorated Assets” 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:
(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.

HI-8

Schedule HI

FR Y-9C
December 2024

Schedule HI

(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.”
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.

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
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(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.)
FR Y-9C
Schedule HI

December 2019

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
HI-9

Schedule HI

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.
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
HI-10

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
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
Schedule HI

FR Y-9C
March 2021

Schedule HI

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.

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.

(2) Fees earned from customer referrals for insurance
products to insurance companies and insurance agencies external to the consolidated holding company.

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.

Also include management fees earned from separate
accounts and universal life products.

Line Item 5(e) Venture capital revenue.

Exclude income from annuity sales and referrals (see the
instructions for Schedule HI, item 5(d)(3), above, for
information on reporting such income).
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
FR Y-9C
Schedule HI

March 2021

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.)
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
HI-11

Schedule HI

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
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
HI-12

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’’).
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 credit losses on loans and leases 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.
Schedule HI

FR Y-9C
March 2024

Schedule HI

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).
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, MemoFR Y-9C
Schedule HI

December 2020

randa 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:
(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.
HI-13

Schedule HI

(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
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 perHI-14

cent 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).)
(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.
Schedule HI

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Schedule HI

(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.
(17) Credits resulting from litigation or other claims.
(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
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,
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Schedule HI

December 2024

(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 derivative instruments held
for purposes other than trading that are not designated as hedging instruments in hedging relationships that qualify for hedge accounting in accordance with ASC Topic 815, Derivatives and
Hedging (formerly FASB Statement No. 133,
“Accounting for Derivative Instruments and Hedging Activities”). 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” and “Trading Account.”
(21) Gross income generated by securities contributed to
charitable contribution Clifford Trusts.
(22) Income from ground rents and air rights.
(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,
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
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Schedule HI

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
retirement of all securities reportable in Schedule HC,
item 2(a), ‘‘Held-to-maturity securities.’’ The realized
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

HI-16

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.
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 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), ″Trading revenue″).
(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,
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. If the amount to be reported in
this item is a net loss, report with a minus (-) sign.
Holding companies 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-for-sale debt security is less than its
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FR Y-9C
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Schedule HI

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
to the Glossary entry for “Coupon Stripping” for
further information.)
(5) 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, “Provisions for credit
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.
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Schedule HI

March 2024

(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.
(8) Accrued vacation pay earned by employees during
the calendar year-to-date.
(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.
(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
HI-17

Schedule HI

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.

for federal income tax purposes if the results would
not be materially different from depreciation based
on the asset’s estimated useful life.

(4) Dues, fees, and other expenses associated with
memberships in country clubs, social or private
clubs, civic organizations, and similar clubs and
organizations.

(2) For operating leases accounted for in accordance
with ASC Topic 842 by a lessee holding company, 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.

Line Item 7(b) Expenses of premises and fixed
assets.

(3) Cost of ordinary repairs to premises (including
leasehold improvements), equipment, furniture, and
fixtures.

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,
furniture, or fixtures reportable in Schedule HC, item 6,
‘‘Premises and fixed assets.’’
Include as expenses of premises and fixed assets:
(1) Normal and recurring depreciation and amortization charges against assets reportable in Schedule HC, item 6, ‘‘Premises and fixed assets,’’ including right-of-use (ROU) assets for finance leases
accounted for in accordance with ASC Topic 842.
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
HI-18

(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
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’’).
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FR Y-9C
December 2024

Schedule HI

(2) Interest on mortgages, liens, or other encumbrances
on premises or equipment owned, including the
portion of capital lease payments representing interest expense on lease liabilities for finance leases
accounted for in accordance with ASC Topic 842
(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,
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.”
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December 2024

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
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
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Schedule HI

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
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 supHI-20

plies; 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
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
Schedule HI

FR Y-9C
June 2018

Schedule HI

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
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 repreFR Y-9C
Schedule HI

June 2018

sent 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.
(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.
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Schedule HI

(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.
(22) Civil money penalties and fines.
(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.
(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.
(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 Sched-

HI-22

ule 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).
(31) Benefit, losses and expenses from insurance-related
activities. (Also report separately in Schedule HI,
memorandum item 12(c)).
(32) 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.’’
(33) 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).)
(34) 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).)
(35) 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).)

Schedule HI

FR Y-9C
March 2024

Schedule HI

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
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) Charge-offs of the cost basis of individual held-tomaturity 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, item 3,
“Charge-offs”);
(5) Any write-off recorded when the fair value of an
available-for-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 availablefor-sale 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,
Memorandum item 7, and include them in Schedule HI, item 4, “Provisions for credit 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,
FR Y-9C
Schedule HI

March 2024

item 5(c); on servicing assets and liabilities in Schedule HI, item 5(f); and on other financial assets and
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.
Line Item 7(e) Total noninterest expense.
Report the sum of items 7(a) through 7(d).
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, “Provisions for credit 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
HI-23

Schedule HI

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.

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’’).

Line Item 8(b) Change in net unrealized holding
gains (losses) on equity securities not held for
trading.

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” (Schedule
HC, item 26(b)).

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
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.
HI-24

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.”
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
Schedule HI

FR Y-9C
December 2020

Schedule HI

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.
Line Item 13 LESS: Net income (loss)
attributable to noncontrolling (minority) interests.
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.
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:
FR Y-9C
Schedule HI

June 2018

(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.
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
HI-25

Schedule HI

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.
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”:
HI-26

• 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.”
• 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).
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
Schedule HI

FR Y-9C
December 2019

Schedule HI

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.
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
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.
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(c), “Directors’ fees,”
• 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.”
FR Y-9C
Schedule HI

December 2019

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
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

HI-27

Schedule HI

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.
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 instruHI-28

ments (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).
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
Schedule HI

FR Y-9C
December 2019

Schedule HI

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
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

FR Y-9C
Schedule HI

June 2018

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.
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.’’
HI-29

Schedule HI

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
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
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-30

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
be reported as income when payment is received if
the results would not differ materially from those
obtained using an accrual basis.
(3) Fees for providing investment advisory services for
mutual funds and annuities.
(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.
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

FR Y-9C
March 2015

Schedule HI

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
affiliates. Do not include any commission and fee income
from the sale of insurance products.
Line Item M12(b)(1) Premiums on insurance
related to the extension of credit.
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)).
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)).
FR Y-9C
Schedule HI

March 2015

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 company 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
HI-31

Schedule HI

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
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

HI-32

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.
Line Item M16 Not applicable

Schedule HI

FR Y-9C
March 2024

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) on derivative instruments that are designated
as and qualify as, cash flow hedges.
(6) For derivative instruments that are designated in
qualifying hedging relationships the year-to-date difference between the changes in fair value of components excluded from assessments of effectiveness and
the initial value of the excluded components recognized in earnings under a systematic and rational
method when the amortization approach for excluded
components has been elected in accordance with
ASC Topic 815, Derivatives and Hedging.
(7) Gains (losses) and transition assets or obligations
associated with single-employer defined benefit pension and other postretirement plans not recognized
Schedule HI-A

FR Y-9C
December 2022

Schedule HI-A

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
with ASC Topic 715, Compensation-Retirement
Benefits.
(8) 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.
(9) The change in the holding company’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.
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

FR Y-9C
Schedule HI-A

March 2023

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
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 “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 2024

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.
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.

Memoranda
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
credit losses on loans and leases).
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

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:
(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.
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.

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
Schedule HI-B

FR Y-9C
March 2024

Schedule HI-B

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).
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 credit
losses on loans and leases 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.
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
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.
However, for a reporting holding company that has
acquired financial assets in a business combination that
management has determined to be purchased creditdeteriorated 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.”
FR Y-9C
Schedule HI-B

March 2024

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, 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 allowances for credit
losses, as applicable, as of the acquisition date. As a
consequence:
• 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 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. Report the balance as of the end of
the previous calendar year of the allowance 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.”
HI-B-5

Schedule HI-B

Line Item 1 Balance most recently reported at end
of previous year.
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.
Line Item 2 Recoveries.
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.
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
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.
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.
HI-B-6

Line Item 5 Provision for credit losses.
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 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; it 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
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
Schedule HI-B

FR Y-9C
March 2024

Schedule HI-B

of these purchased credit-deteriorated assets to determine
their initial amortized cost basis.

Line Item M2 Separate valuation allowance for
uncollectible retail credit card fees and finance charges.

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, it 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
on loans and leases held for investment, held-to-maturity
debt securities, and available-for-sale debt securities,
respectively, of the institution or other business that
combined with the reporting institution in the common
control transaction.

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.

If the reporting holding company acquired purchased
credit-deteriorated assets during the calendar year to
date, it should report in columns A, B, and C of this item,
as appropriate, the year-to-date initial gross-up amounts
recognized upon the acquisition of the purchased creditdeteriorated assets. For holding companies with foreign
offices, report in the appropriate column for this item any
increases or decreases resulting from the translation into
dollars of any portions of the allowance for credit losses
which are denominated in a foreign currency.
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, 4 and 8 are to be completed by holding
companies with $5 billion or more in total assets.

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:
(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).

Line Item M1 Allocated transfer risk reserve
included in Schedule HI-B, part II, item 7,
column A.

Report the amount of any valuation allowance or contraasset account that the holding company 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).

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 credit losses on loans and
leases reported in Schedule HI-B, part II, item 7, column A, above and in Schedule HC, item 4(c).

This memorandum item is only applicable to those
holding companies that maintain an allowance or contraasset account separate from the allowance for credit
losses on loans and leases . 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.

Memoranda

FR Y-9C
Schedule HI-B

December 2024

HI-B-7

Schedule HI-B

Line Item M3 Amount of allowance for credit
losses on loans and leases 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.
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:
(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 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.

HI-B-8

Line Item M4

Not applicable.

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).
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
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
Schedule HI-B

FR Y-9C
March 2024

Schedule HI-B

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 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.
1. The term “written off” as used in FASB ASC Topic 326, 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

Expected recoveries of amounts previously written off
shall be included in the allowance for credit losses and
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 FASB ASC Topic 326, 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-9

LINE ITEM INSTRUCTIONS FOR

Disaggregated Data on the Allowance
for Credit Losses
Schedule HI-C

General Instructions

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.

All holding companies should report HI-C Disaggregated
Data on the Allowances for Credit Losses, items 1
through 11.

For each of the specified general categories
of loans and leases held for investment, report
in column A, “Amortized Cost”, the amortized cost basis of all loans and leases held
for investment. The sum of the amortized
cost amounts reported in Schedule HI-C,
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.

Holding companies that have total assets less than $5 billion should report Disaggregated Data on the Allowances
for Credit losses, items 1 through 11, semiannually in
June and December.

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 amounts are to be
reported in Schedule HI-C, represent general
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.1

1. 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.
FR Y-9C
Schedule HI-C December 2024

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
losses measured in accordance with ASC
Subtopic 326-20, Financial InstrumentsCredit Losses — Measured at Amortized
Cost.
1

Real estate loans:

1(a)

Construction loans. Report in column A the
amortized cost basis of 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.
HI-C-1

Schedule HI-C

1(b)

Commercial real estate loans. Report in
column A the amortized cost of held-forinvestment commercial real estate loans and
the related balance in the allowance for credit
losses for such loans, respectively. 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 of held-forinvestment 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

Commercial loans. Report in column A the
amortized cost of all held-for-investment
commercial loans and in the related balance
in the allowance for credit losses for such
loans, respectively. 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

4

5

HI-C-2

Credit cards. Report in column A the amortized cost of all held-for-investment extensions of credit arising from credit cards and
in column B the related balance in the allowance for credit losses on loans and leases for
such extensions of credit, respectively.
Exclude loans that the holding company has
elected to report at fair value under a fair
value option.
Other consumer loans. Report in column A
the amortized cost of all held-for-investment
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.
Unallocated, if any. Report the amount of
any unallocated portion of the allowance for
credit losses on loans and leases. 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.
6

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 credit losses on loans and
leases.”

7 to 11

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.

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
(as defined for Schedule HC-B, items 4.a,
4.b, and 4.c, column A). 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),
Schedule HI-C

FR Y-9C
December 2024

Schedule HI-C

9

FR Y-9C
Schedule HI-C

4(c)(2)(a) and 4(c)(2)(b), column A on Schedule HC-B.
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.

December 2024

10

Other debt securities. Report the allowance
for credit losses on held-to-maturity other
debt securities not reported in items 7 to 9,
above.

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-3

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

Include as interest income on investment securities:

Line Item 5 Total noninterest income.

(1) Income from U.S. Treasury securities and U.S. government agency obligations;

Report the total noninterest income of the acquired
company for the year to date of acquisition.

(2) Income from mortgage-backed securities; and

Include as noninterest income:

(3) Income from all other securities.

(1) Income from fiduciary activities;

Line Item 2 Total interest expense.

(2) Service charges on deposit accounts in domestic
offices;

Report the total interest expense of the acquired company
for the year to date of acquisition.

(3) Trading revenue;

Include as interest expense:

(4) Investment banking, advisory, brokerage and underwriting fees and commissions;

(1) Interest on deposits;

(5) Venture capital revenue;

(2) Expense on federal funds purchased and securities
sold under agreements to repurchase;

(6) Net servicing fees;

(3) Interest on trading liabilities and other borrowed
money;

(8) Insurance commissions and fees;

(4) Interest on subordinated notes and debentures and on
mandatory convertible securities; and

(7) Net securitization income;
(9) Net gains (losses) on sales of loans and leases;

(5) All other interest expense.

(10) Net gains (losses) on sales of other real estate
owned;

Line Item 2(a) Interest expense on deposits.

(11) Net gains (losses) on sales of other assets (excluding securities); and

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).
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 credit losses.
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.
ISnotes-P-2

(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
acquired company had no consolidated subsidiaries that
rendered services in any fiduciary capacity.
Line Item 5(b) Trading revenue.
Report the net gain or loss from trading cash instruments
and off-balance-sheet derivative contracts (including
Predecessor Financial Items

FR Y-9C
March 2024

Predecessor Financial Items

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”).
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
FR Y-9C
Predecessor Financial Items

September 2016

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.
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).
ISnotes-P-3

Predecessor Financial Items

Line Item 6 Realized gains (losses) on
held-to-maturity and available-for-sale securities.

(5) Other noninterest expense.

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.

Line Item 7(a) Salaries and employee benefits.

Holding companies 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.

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;

Include the amount of realized and unrealized gains
(losses) (and all other value changes) on equity securities
and other equity investments.

(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;

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).”

(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;

Exclude from this item:

(5) Cost of office temporaries whether hired directly by
the acquired company or its consolidated subsidiaries
or through an outside agency;

(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
(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
ISnotes-P-4

(6) Worker’s compensation insurance premiums;
(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.
Predecessor Financial Items

FR Y-9C
March 2024

Predecessor Financial Items

Line Item 8 Income (loss) before applicable
income taxes and discontinued operations.

income taxes of prior years (report in noninterest income
or noninterest expense, as appropriate).

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.

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.
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.
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.
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.’’
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
FR Y-9C
Predecessor Financial Items

September 2016

(3) Other comprehensive income.
Line Item 10 Noncontrolling (minority) interest.
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.
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.
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.
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
ISnotes-P-5

Predecessor Financial Items

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
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:

ISnotes-P-6

(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 2011

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).

information, a description of the transaction and, in the
column provided, the dollar amount associated with the
transaction being disclosed.

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.

Report in this item, as a positive number, the initial
allowance for credit losses recognized on purchased
credit-deteriorated assets. This item is applicable in the
period 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.

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

FR Y-9C
Notes to the Income Statement—Other March 2024

Initial allowances for credit losses
recognized upon the acquisition of
purchased credit-deteriorated assets.

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 Financial
Accounting Standadards Board (FASB) Accounting Standards Codification is referred to
as “ASC.”

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.
(3) Foreign central banks, i.e.,
(a) foreign central banks in foreign countries;
FR Y-9C
Schedule HC

December 2024

(b) departments of foreign central governments that
have, as an important part of their functions,
activities similar to those of a central bank;
(c) 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
(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.’’
HC-1

Schedule HC

Exclude from items 1(a) and 1(b) the following
(1) All intracompany transactions, i.e., all transactions
between any offices of the consolidated holding
company.
(2) Claims on banks or other depository institutions held
in the consolidated holding company’s trading
accounts.
(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
HC-2

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 letters’’) 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,
Schedule HC

FR Y-9C
March 2013

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
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).
FR Y-9C
Schedule HC

March 2024

(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
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.
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 of the allowances for credit losses reported in
HC-3

Schedule HC

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.”
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 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. 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).
HC-4

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).
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).
Schedule HC

FR Y-9C
March 2018

Schedule HC

(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,
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
FR Y-9C
Schedule HC

December 2024

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”).
See the Glossary entry for “Securities Activities” for
further information on accounting for investments in
equity securities.
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.
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. Include the fair value of federal funds
sold that are accounted for at fair value under a fair
value option.
HC-5

Schedule HC

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 securities purchased under agreements to resell
that are measured at amortized cost 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.

Report the outstanding amount of

Line Item 4(a) Loans and leases held for sale.

(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.

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
any, shall be accounted for as a valuation allowance
within this item.

(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,
except to the extent permitted under ASC Subtopic
210-20, Balance Sheet – Offsetting. Include the fair value
of securities purchased under agreement to resell that are
accounted for at fair value under a fair value option.
HC-6

All loans and leases reported in this item must also be
reported by loan category in Schedule HC-C.
No allowance for credit losses should be included in
Schedule HC, item 4.c, for loans and leases held for sale.
Schedule HC

FR Y-9C
December 2024

Schedule HC

Line Item 4(b) Loans and leases, held for
investment.

at fair value as defined by ASC Topic 820, Fair Value
Measurement.

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.

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.

Line Item 4(c) LESS: Allowance for credit losses
on loans and leases
Report the allowance for credit losses on loans and leases
as determined in accordance with the instructions in 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.
Line Item 4(d) Loans and leases, held for
investment net of allowance
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
FR Y-9C
Schedule HC

March 2024

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.”)
HC-7

Schedule HC

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 (including
right-of-use assets).
Report on consolidated basis book value, less accumulated depreciation or amortization and any impairment
losses, of all premises, equipment, furniture, and fixtures.
Also, report right-of-use (ROU) asset accounted for in
accordance with ASC Topic 842, Leases. Any 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.
(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) 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
HC-8

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
(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’’).
Schedule HC

FR Y-9C
December 2024

Schedule HC

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
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
FR Y-9C
Schedule HC

December 2024

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:
(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 originally acquired and held for investment by the holding company or a consolidated
subsidiary that has been sold under contract and the
sale does not meet sale accounting treatment in
accordance with ASC Subtopic 610-20 and
ASC Topic 606.
(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.
HC-9

Schedule HC

(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
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.’’
HC-10

Liabilities
Line Item 13 Deposits.
(For a discussion of noninterest-bearing and interestbearing deposits, see the Glossary entry for ‘‘Deposits.’’)
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.
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.
Line Item 13(b)(1) Noninterest-bearing.
Report the total of all noninterest-bearing deposits in
foreign offices of depository institutions that are consolidated subsidiaries of the reporting holding company.
Schedule HC

FR Y-9C
March 2020

Schedule HC

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.
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.

tially the same in the case of a dollar roll (report in
Schedule HC, item 14(b), ‘‘Securities sold under
agreements to repurchase’’).
(3) Borrowings from a Federal Home Loan Bank or a
Federal Reserve Bank (report those in the form of
securities repurchase agreements in Schedule HC,
item 14(b), and all other borrowings in Schedule HC,
item 16).
(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
‘‘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.
(2) Sales of participations in pools of securities, regardless of maturity.

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 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).

Also exclude from federal funds purchased

Exclude from this item

(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’’).

(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).

(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 substanFR Y-9C
Schedule HC

June 2015

(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).
HC-11

Schedule HC

(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.’’
(4) 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 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.
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.
Line Item 16 Other borrowed money.
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).
Line Item 17 Not applicable.
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 outstandHC-12

ing notes and debentures that are subordinated to the
deposits of the subsidiary depository institutions (see the
Glossary entry for ‘‘Subordinated Notes and Debentures’’) 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.
Schedule HC

FR Y-9C
June 2015

Schedule HC

Line Item 21 Total liabilities.
Report the sum of items 13 through 20.
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:
FR Y-9C
Schedule HC

June 2015

(1) Reserve for undeclared stock dividends—includes
amounts set aside to provide for stock dividends (not
cash dividends) not yet declared.
(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)).
HC-13

Schedule HC

(4) “Reserves” that reduce the related asset balances
such as valuation allowances (e.g., 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 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.

HC-14

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) 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) Amounts in accumulated other comprehensive income
related to derivative instruments that are designated
and qualify as cash flow hedges,2 in accordance with
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.

Schedule HC

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March 2024

Schedule HC

ASC Topic 815, Derivatives and Hedging. See also
the Glossary entry for “Derivative Contracts.”

reclassified on the income statement as described in
Schedule HI-A, item 12.

The balance in accumulated other comprehensive income
associated with each transaction hedged in a cash flow
hedge should be the cumulative gain (loss) on the
derivative instrument from inception of the hedge, less
all of the following:

For all types of hedges, if certain portions of a hedging
instrument’s change in fair value are excluded from
assessments of hedge effectiveness, the cumulative change
in fair value of the excluded components from inception
of the hedges less the cumulative amounts amortized to
earnings related to the excluded components that are
accounted for through an amortization approach when
this treatment of excluded components has been elected
in accordance with ASC Topic 815.

(a) The derivative’s gains (losses) previously reclassified from accumulated other comprehensive
income into earnings to offset the hedged transaction;
(b) The cumulative amount amortized to earnings
related to components excluded from assessments of effectiveness that are accounted for
through an amortization approach when this treatment of excluded components has been elected in
accordance with ASC Topic 815; and
(c) The cumulative change in fair value of an
excluded component for which changes in fair
value are recorded currently in earnings when
this treatment of excluded components has been
elected in accordance with ASC Topic 815.
Accordingly, the amount reported in this item 26.b by a
holding company should reflect the sum of the cumulative gain (loss) less the specified amounts described
above for each derivative designated and qualifying as a
cash flow hedge. Amounts in accumulated other comprehensive income related to the derivative designated as a
hedging instrument included in the assessment of hedge
effectiveness should be reclassified to earnings in the
same period or periods during which the hedged transaction affects earnings (for example, when a hedged
variable-rate interest receipt on a loan is accrued or when
a forecasted sale occurs) and presented in the same
income statement item in Schedule HI as the earnings
effect of the hedged item. In addition, amounts in accumulated other comprehensive income related to components excluded from assessments of effectiveness that are
recognized in earnings through an amortization approach
should be presented in the same income statement item in
Schedule HI as the earnings effect of the hedged item.
Those instruments which are designated and qualify as
cash flow hedges should have the entire change in value
of the derivative included in the assessment of effectiveness presented within this item other than amounts
FR Y-9C
Schedule HC

December 2024

(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.
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
HC-15

Schedule HC

Codification of Staff Accounting Bulletins). Also report
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.’’

HC-16

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.
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)
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.

Schedule HC

FR Y-9C
June 2015

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.
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
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
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

March 2024

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
pool but as lending or borrowing (i.e., financing)
transactions collateralized by the pooled securities if
the participation agreements meet the criteria for a
HC-B-1

Schedule HC-B

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).

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.

(5) Small Business Administration (SBA)

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.)

Include such obligations as:

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

(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.

HC-B-2

(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

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(b)(2)). 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).
(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
FR Y-9C
Schedule HC-B

March 2026

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
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.
HC-B-3

Schedule HC-B

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.

(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).

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:

(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

(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.

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.

(2) Notes, bonds, and debentures (including tax warrants
and tax-anticipation notes) that are rated by a
nationally-recognized rating service.

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.

(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).
(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).
HC-B-4

Mortgage-backed securities (MBS).

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
mortgage-backed bonds issued by non-U.S. Government issuers (report in Schedule HC-B, item 6,
“Other debt securities,” below).
Schedule HC-B

FR Y-9C
December 2019

Schedule HC-B

(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).
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 mortFR Y-9C
Schedule HC-B

December 2019

gage 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
family residential mortgage-backed securities (MBS)
other than pass-through securities that are not held for
trading.
HC-B-5

Schedule HC-B

Other residential mortgage-backed securities include:
(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.

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.
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.

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).

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.

Line Item 4(b)(2) Collateralized by MBS issued or
guaranteed by U.S. Government agencies or
sponsored agencies.

Line Item 4(c)(1) Commercial mortgage
pass-through securities.

Report in the appropriate columns the amortized cost and
fair value of all classes of CMOs, REMICs, CMO and

Report in the appropriate columns of the appropriate
subitems the amortized cost and fair value of all holdings

HC-B-6

Schedule HC-B

FR Y-9C
March 2018

Schedule HC-B

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.
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.
Exclude from the amounts reported in this item the
structured financial products that are reported in Schedule HC-B, item 5(b). For example, securitizations that
involve more than one trust to structure principal and
interest cash flows to investors or that are collateralized
by debt instruments, such as FHLMC K-deals and
Q-deals and similar securitizations, should be reported in
Schedule HC-B, item 5(b).
Line Item 4(c)(1)(b) Other pass-through 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.
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
FR Y-9C
Schedule HC-B

March 2026

residuals, stripped mortgage-backed securities, and commercial paper backed by loans, or securities secured by
properties other than 1-4 family residential properties
that have been issued by U.S. Government agencies or
U.S. Government-sponsored agencies.
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)

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 5(a) Asset-backed securities.
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 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
HC-B-7

Schedule HC-B

financial product structures mix asset classes in order to
create investment products that diversify risk.
(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”).

(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).
(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).
(6) Pass-through securities issued or guaranteed by
FNMA, FHLMC, or GNMA (report in Schedule
HC-B, item 4(c)(1)(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:

Include structured financial products that are securitizations involving more than one trust to structure principal
and interest cash flows to investors or that are collateralized by debt instruments and are guaranteed by U.S.
Government agencies or U.S. Government-sponsored
agencies, such as FHLMC K-Deals and Q-Deals (report,
if applicable, in Schedule HC-B, Memorandum item 6.g,
“Other collateral or reference assets,” below).

(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).

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.

(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.)

Exclude from structured financial products:
(1) Mortgage-backed pass-through securities (report in
Schedule HC-B, item 4, above).
HC-B-8

(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
Schedule HC-B

FR Y-9C
March 2026

Schedule HC-B

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
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 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.
FR Y-9C
Schedule HC-B

June 2022

(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.”
Line Item 7 Unallocated portfolio layer fair value
hedge basis adjustments.
Report the total amount of portfolio layer fair value
hedge basis adjustments (FVHBAs) not allocated to
individual AFS debt securities in column C only.
As defined in Accounting Standards Update No. 2022-01,
Derivatives and Hedging (Topic 815), “Fair Value Hedging Portfolio Layer Method” (ASU 2022-01), the portfolio layer method was added to allow entities to apply
hedge accounting to a single closed portfolio of financial
assets or one or more beneficial interests secured by a
portfolio of financial instruments that is not expected to
be affected by prepayments, defaults, or other factors
affecting the timing and amount of cash flows for the
designated hedge period. Under ASU 2022-01, different
types of qualifying assets can be grouped together in a
portfolio layer hedge.
Per the standard, an institution should not adjust the
recorded investment or the discount rate of the individual
assets or individual beneficial interest included in the
closed portfolio for a basis adjustment that is maintained
on a closed portfolio basis. As such, an institution that
applies the portfolio layer method to a closed portfolio of
AFS debt securities should not allocate the portfolio layer
FVHBAs to a more granular level. Institutions should
report these unallocated amounts in this item 7, column C.
If the amount to be reported in this item represents a
reduction in the amounts reported in Schedule HC-B,
items 1 through 6.b, column C, report the amount with a
minus (-) sign.
Line Item 8 Total.
Report the sum of items 1 through 6b. The total of
column A for this item must equal Schedule HC,
HC-B-9

Schedule HC-B

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 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
the same consolidated VIEs (the amounts of which
are also reported in Schedule HC-V, item 1(b).
(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.
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
HC-B-10

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
rate the debt security carries at any subsequent time
cannot be known at the time of origination.
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.
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.
Schedule HC-B

FR Y-9C
December 2020

Schedule HC-B

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
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.
FR Y-9C
Schedule HC-B

June 2018

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.
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
HC-B-11

Schedule HC-B

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
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
HC-B-12

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
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
Schedule HC-B

FR Y-9C
June 2018

Schedule HC-B

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,”
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.
FR Y-9C
Schedule HC-B

June 2014

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
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
HC-B-13

Schedule HC-B

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.
Line Item M5(f)

Other.

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.
Note: Memorandum item 6 is to be completed by
holding companies with $10 billion or more in total
assets.
HC-B-14

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).
Line Item M6(a) 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 trust preferred securities issued by
financial institutions.
Line Item M6(b) 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 trust preferred securities issued by real
estate investment trusts.
Line Item M6(c)

Corporate and similar loans.

Report in the appropriate columns the amortized cost and
fair value of structured financial products 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)).
Line ItemM6(d) 1-4 family residential MBS issued
or guaranteed by U.S. government-sponsored
enterprises (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 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
Schedule HC-B

FR Y-9C
June 2018

Schedule HC-B

predominantly by 1-4 family residential mortgage-backed
securities not issued or guaranteed by U.S. governmentsponsored enterprises.
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 diversified (mixed) pools of structured
financial products. Include such products as CDOs
squared and cubed (also known as ‘‘pools of pools’’).
Line Item M6(g)
assets.

Other collateral or reference

Report in the appropriate columns the amortized cost and
fair value of structured financial products supported

FR Y-9C
Schedule HC-B

March 2026

predominantly by other types of collateral or reference
assets not identified above.

Line Item M7 Structured financial products
guaranteed by U.S. Government agencies or
sponsored agencies included in Schedule HC{B,
item 5(b).
Report in the appropriate columns the amortized cost and
fair value of the maximum amount recoverable from the
U.S. Government, including its agencies and its
government-sponsored agencies, under the guarantee
applicable to the structured securities included in Schedule HC-B, item 5(b).

HC-B-15

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

March 2024

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. 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
date, except for those that the holding company has
elected to account for at fair value under a fair value
HC-C-1

Schedule HC-C

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,
ASC Subtopic 310-10, Receivables – Overall, and the
March 26, 2001, Interagency Guidance on Certain Loans
Held for Sale.
Holding companies 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 credit losses on loans and leases.”
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.)
“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
HC-C-2

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
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 “Loan 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
Schedule HC-C

FR Y-9C
March 2024

Schedule HC-C

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
“Loan Modifications to Borrowers Experiencing Financial Difficulty” 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
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
FR Y-9C
Schedule HC-C

March 2024

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).
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.
HC-C-3

Schedule HC-C

(2) Loans secured by properties and guaranteed by governmental entities in foreign countries.

Corporation that are collateralized by residential
mortgages (report in Schedule HC-B, item 2).

(3) Participations in pools of Federal Housing Administration (FHA) Title I improvement loans that are
secured by liens (generally, junior liens) on residential properties.

(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
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.

(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
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(b)(2) 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
HC-C-4

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.
Schedule HC-C

FR Y-9C
March 2026

Schedule HC-C

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
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 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).
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.

• An amortizing permanent loan to a new borrower
(unrelated to the original borrower) who has purchased
the real property, or

• Construction loans secured by single-family dwelling
units in detached or semi-detached structures, including
manufactured housing.

• A prudently underwritten new amortizing permanent
loan at market terms to the original borrower including

• Construction loans secured by duplex units and townhouses, excluding garden apartment projects where the

FR Y-9C
Schedule HC-C

June 2014

HC-C-5

Schedule HC-C

total number of units that will secure the permanent
mortgage is greater than four.
• Combination land and construction loans on 1–4 family
residential properties, regardless of the current stage of
construction or development.

loans for farm property construction and land development purpose (report in Schedule HC-C, item 1(a)
above).
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 cooperative housing units, which are 1-4 family residential
properties.

(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).

• 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
HC-C-6

(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
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

Schedule HC-C

FR Y-9C
December 2020

Schedule HC-C

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
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).
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

March 2020

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,
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.
HC-C-7

Schedule HC-C

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 multifamily residential properties (report in item 1(a)(2)). Also
exclude loans secured by nonfarm nonresidential properties (report in item 1(e)).

“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
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) 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)(2) Loans secured by other nonfarm
nonresidential properties.

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.
HC-C-8

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
Schedule HC-C

FR Y-9C
March 2020

Schedule HC-C

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.
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.
For holding companies with domestic and foreign
offices: Report in column B the total of loans to depository 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

(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.
Include the following as loans to depository institutions
and acceptances of other banks:
(1) 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.
(2) 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.
(3) 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.
(4) 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:

(b) all other commercial banks in the U.S., i.e., U.S.
branches of U.S. banks;

(1) All transactions reported in Schedule HC, item 3,
‘‘Federal funds sold and securities purchased under
agreements to resell.’’

(2) Depository institutions in the U.S., other than commercial banks, including:

(2) Loans secured by real estate, even if extended to
depository institutions (report in item 1).

(a) credit unions;
(b) mutual or stock savings banks;
(c) savings or building and loan associations;
FR Y-9C
Schedule HC-C

March 2026

(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)).
HC-C-9

Schedule HC-C

(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(a) or item 9(b)(1), as appropriate).
(7) Loans to Small Business Investment Companies
(report in Schedule HC-C, item 9(a)).
(8) Loans for the purpose of purchasing or carrying
securities, including margin loans, (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)).
(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.)
(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.

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.
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.)

(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.

Exclude the following from this item:

Line Item 2(a) To U.S. banks and other U.S.
depository institutions.

(See the Glossary entry for ‘‘Foreign Governments and
Official Institutions’’ for the definition of this term.)

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

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

HC-C-10

(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).

Schedule HC-C

FR Y-9C
March 2026

Schedule HC-C

information, see the Glossary entry for ‘‘Bankers’ Acceptances.’’)

Schedule HC-B, item 2.a, or, if held for trading, in
Schedule HC, item 5.)

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.

(5) Loans and advances to farmers for purchases of farm
machinery, equipment, and implements.

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
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
FR Y-9C
Schedule HC-C

June 2014

(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
farmers need not be broken out of item 6 for inclusion in
this item.
Exclude the following from loans to finance agricultural
production and other loans to farmers:
(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)).
(4) Loans to farmers secured by oil or mining production
payments (report in item 4).
(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.
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
HC-C-11

Schedule HC-C

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.
These loans may take the form of direct or purchased
loans.
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.
Include loans of the types listed below. These descriptions may overlap and are not all inclusive.
(1) Loans for commercial, industrial, and professional
purposes to
(a) mining, oil- and gas-producing, and quarrying
companies;
(b) manufacturing companies of all kinds, including those that process agricultural
commodities;

(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
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.)
(4) Loans to farmers for commercial and industrial
purposes (when farmers operate a business enterprise as well as a farm).
(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.

(f) cooperative associations including farmers’
cooperatives;

(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.

(g) service enterprises such as hotels, motels, laundries, automotive service stations, and nursing
homes and hospitals operated for profit;

(11) Loans and participations in loans secured by conditional sales contracts made to finance the purchase
of commercial transportation equipment.

(c) construction companies;
(d) transportation and communications companies
and public utilities;
(e) wholesale and retail trade enterprises and other
dealers in commodities;

HC-C-12

Schedule HC-C

FR Y-9C
June 2014

Schedule HC-C

(12) Commercial and industrial loans guaranteed by
foreign governmental institutions.

sion of U.S. and non-U.S. addressees, see the Glossary
entry for ‘‘Domicile.’’)

(13) Overnight lending for commercial and industrial
purposes.
Exclude the following from commercial and industrial
loans:

Line Item 4(b) To non-U.S. addressees (domicile).

(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).
(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 for the purpose of purchasing or carrying
securities, including margin loans (report in Schedule HC-C, item 9(b)(1)).
(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.

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
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).

(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).

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.

(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).

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.

(9) Equipment trust certificates (report in Schedule HC-B, item 7, or HC-F item 4, as appropriate).

(11) Commercial paper (report in Schedule HC-B or
Schedule HC-D, 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, including
margin loans (report in Schedule HC-C, item 9(b)(1)).

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 discus-

Deposits accumulated by borrowers for the payment of
personal loans (i.e., hypothecated deposits) should be
netted against the related loans.

(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’’).

FR Y-9C
Schedule HC-C

March 2026

HC-C-13

Schedule HC-C

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.
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.
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.
Exclude from credit cards:
(1) Credit extended under credit plans to business enterprises (report in Schedule HC-C, item 4, ‘‘Commercial and industrial loans’’).

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
balances in Schedule HC-E, items 1(a) and 2(a) as
appropriate.
Exclude from other revolving credit plans:
(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:

(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).

(1) Loans that meet the definition of a ‘‘loan secured by
real estate,’’ even if extended for the purpose of
purchasing an automobile.

(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)).

(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).

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Schedule HC-C

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Schedule HC-C

(3) Personal cash loans secured by automobiles already
paid for (report in Schedule HC-C, item 6(d)).
(4) Vehicle flooring or floor-plan loans (report in Schedule HC-C, item 4).
(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).
(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).
(8) Consumer automobile lease financing receivables
(report in Schedule HC-C, item 10(a)).
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)).
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;
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Schedule HC-C

March 2026

(4) medical expenses;
(5) personal taxes;
(6) vacations;
(7) consolidation of personal (nonbusiness) debts;
(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
(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
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)(2) or 9(b)(3), as appropriate).
(3) Loans to individuals for commercial, industrial,
and professional purposes and for ‘‘floor plan’’ or
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Schedule HC-C

other wholesale financing (report in Schedule HC-C,
item 4).
(4) Loans to individuals for the purpose of purchasing
or carrying securities, including margin loans (report
in Schedule HC-C, item 9(b)(1) or 9(b)(3), as appropriate).
(5) Loans to individuals for investment (as distinct from
commercial, industrial, or professional) purposes
other than those for purchasing or carrying securities,
including margin loans (report as all other loans in
Schedule HC-C, item 9(b)(2) or 9(b)(3), as appropriate).
(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).
(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
HC-C-16

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).
(3) Loans to foreign-government-owned nonbank corporations and enterprises (report in item 4 or 9, as
appropriate).
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, including margin loans, and all
other loans that cannot properly be reported in one of the
preceding items in this schedule.
Line item 9(a) Loans to nondepository financial
institutions.
Report loans to nondepository financial institutions
(NDFIs) in columns A and B, as appropriate, as defined
below. For holding companies with $10 billion or more
in total assets, the amounts reported in this item must
equal Schedule HC-C, sum of Memorandum items 10(a)
through 10(e), columns A and B, respectively.
NDFIs encompass a wide range of financial entities that
provide services similar to those of traditional banks but
do not accept deposits from the general public and are not
regulated by the federal banking agencies. NDFIs include,
but are not limited to, mortgage companies, insurance
companies, investment funds (such as mutual funds,
money market funds, hedge funds, and private capital
Schedule HC-C

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Schedule HC-C

funds), pension funds, broker-dealers, securitization vehicles, and other financial entities engaged in credit intermediation, asset management, market-making, and other
financial services activities.
Include the following loans in this item:
(1) Loans to mortgage credit intermediaries. Include
loans to mortgage companies that specialize in residential or commercial mortgage loan origination or
servicing activities. Include loans to special purpose
entities designed to facilitate residential or commercial mortgage-related securitizations activities, such
as mortgage warehousing facilities, including loans
to direct lenders, real estate investment trusts (REITs),
collateralized debt obligations (CDOs), collateralized
loan obligations (CLOs), private debt funds, assetbacked commercial paper (ABCP) conduits, or other
financial intermediaries in which the underlying
assets are predominately (greater than 50% of assets
or lending activities) comprised of residential or
commercial mortgages. Include CLO tranche holdings that are reported as “loans” in accordance with
GAAP. Report in Schedule HC-C, Memorandum
item 10(a), “Loans to mortgage credit intermediaries,” if applicable.
Exclude outright purchases of mortgages or other
loans that meet the definition of a “loan secured by
real estate”, which—unless held for trading—are to
be reported in Schedule HC-C, item 1.
(2) Loans to business credit intermediaries. Include loans
to special purpose entities, finance companies, direct
lenders, CDOs, CLOs, private debt funds, leasing
companies, ABCP conduits, Business Development
Companies (BDCs), Small Business Investment Companies (SBICs), or other financial intermediaries in
which the underlying assets are predominately (greater
than 50% of assets or lending activities) comprised of
loans to businesses. Include CLO tranche holdings
that are reported as “loans” in accordance with
GAAP. Include loans to other non-bank business
lenders, including internet-based lending platforms
and other marketplace lenders. Report in Schedule
HC-C, Memorandum item 10(b), “Loans to business
credit intermediaries,” if applicable.
(3) Loans to private equity funds. Include loans to
private equity funds. Include capital call commitment
and other subscription-based facilities to private
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Schedule HC-C

March 2026

equity and venture capital funds, or any other general
partnership funds that raise capital through limited
partnership arrangements in which the underlying
investment assets are predominately (greater than
50% of assets) comprised of equity investments in
private, non-listed assets or companies. Report in
Schedule HC-C, Memorandum item 10(c), “Loans to
private equity funds,” if applicable.
(4) Loans to consumer credit intermediaries. Include
loans to special purposes entities, finance companies,
direct lenders, private debt funds, leasing companies,
ABCP conduits, or other financial intermediaries in
which the underlying assets are predominately (greater
than 50% of assets or lending activities) comprised of
loans to consumers. Include loans designed to facilitate asset-backed securitization (ABS) activities for
consumer credit products, such as auto ABS, credit
card ABS, student loan ABS, etc. Include loans to
other non-bank consumer lenders, including internetbased lending platforms and other marketplace lenders. Report in Schedule HC-C, Memorandum item
10(d), “Loans to consumer credit intermediaries,” if
applicable.
(5) Other loans to nondepository financial institutions.
Include other loans to nondepository financial institutions as described below. Report in Schedule
HC-C, Memorandum item 10(e), “Other loans to
nondepository financial institutions,” if applicable.
Include the following loans in the amounts reported in
this item:
(a) Loans to other unrelated holding companies.
(b) Loans to insurance companies.
(c) Loans to federally-sponsored lending agencies
(see the Glossary entry for “federally-sponsored
lending agency” for the definition of this term).
(d) Loans to investment banks and brokers and dealers. Exclude loans that meet the definition of a
“loan secured by real estate” (Report in Schedule
HC-C, item 1) and loans that meet the definition
of “loans for purchasing or carrying securities,
including margin loans” (Report in Schedule
HC-C, item 9(b)(1) or item 9(b)(3), as appropriate).
(e) Loans and advances made to the bank’s own trust
department.
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Schedule HC-C

(f) Loans to publicly-listed investment funds, such
as money market funds, mutual funds (both open
and closed-end), index funds, or exchange-traded
funds.
(g) Loans to private capital funds, including private
equity and private debt funds.
(h) Loans to hedge funds.
(i) Loans to pension funds, endowments, family
offices and sovereign wealth funds.
(j) Loans to securitization vehicles.
(k) Loans to other investment firms and financial
vehicles.
Exclude from loans to nondepository institutions, loans
for the purpose of purchasing or carrying securities,
including margin loans (report in Schedule HC-C, item
9(b)(1)).
Line Item 9(b) Other loans.
Note: Items 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, including margin loans.
Report all loans for purchasing or carrying securities,
including margin loans, as described below.
Include:
(1) All loans, whether secured (other than those that
meet the definition of a ‘‘loan secured by real estate’’)
or unsecured, to any 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 ‘‘plan lenders’’ as defined in Section 221.4(a) of
Federal Reserve Regulation U.
HC-C-18

(e) 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.
(2) All purpose and non-purpose securities-based margin
loans, regardless of borrower type, that are predominately secured (greater than 50% of underlying collateral) by securities with readily determinable fair
values. A securities-based margin loan is a loan
provided to an investor that is secured by the borrower’s investment portfolio, which generally consists of equity and debt securities with readily determinable fair values. Securities-based margin loans
are further distinguished by routine monitoring and
margining practices, which generally involves ongoing assessment and adjustment of the loan’s credit
availability. Margining is a risk management practice
where the lender routinely reviews the value of the
underlying securities collateral to ensure it remains
sufficient to secure the loan based on agreed upon
terms. If the market value of the underlying securities
falls below a certain threshold, the lender may initiate a “margin call.”
Exclude from loans for purchasing or carrying securities,
including margin loans:
(1) Transactions reportable in Schedule HC, item 3,
‘‘Federal funds sold and securities purchased under
agreements to resell.’’
(2) Loans that meet the definition of a ‘‘loan secured by
real estate’’ (report in Schedule HC-C, item 1).
Line Item 9(b)(2))

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
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Schedule HC-C

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
to’’ deposit accounts of depository institutions in Schedule HC-C, item 2.
Line Item 9(b)(3) Loans for purchasing or
carrying securities, including margin loans, 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, including margin loans,
and all other loans (exclude consumer loans) as described
in line Schedule HC-C, items 9(b)(1) and 9(b)(2) above.
Line Item 10 Lease financing receivables (net of
unearned income).
Report the net investments in all:
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March 2026

(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
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
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Schedule HC-C

instructions for Schedule HC-C, part I, items 6.c, “Automobile loans,” and 6.d, “Other consumer loans.”
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
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).

amount of cash flows for the designated hedge period.
Under ASU 2022-01, different types of qualifying assets
can be grouped together in a portfolio layer hedge.
Per the standard, an institution should not adjust the
amortized cost basis or the discount rate of the Individual
assets or individual beneficial interest included in the
closed portfolio for a basis adjustment that is maintained
on the closed portfolio basis. As such, an institution that
applies the portfolio method to a closed portfolio of loans
should not allocate the portfolio layer fair value hedge
basis adjustments (FVHBAs) to a more granular level
and should include these unallocated amounts in this
item 11.
If an institution reports each loan item in this schedule
net of both unearned income and net unamortized loan
fees and has no unallocated portfolio layer FVHBAs
applicable to loans, enter a zero in this item. If the
amount to be reported in this item represents an addition
to the amounts reported in Schedule HC-C, Part I, items 1
through 10, because of unallocated portfolio layer FVHBAs, report the amount with a minus (-) sign.
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 11 LESS: Any unearned income on
loans reflected in items 1–9 above.

Line Item 12 Total loans and leases, held for
investment and held for sale.

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 extent that these amounts are included in
(i.e., not deducted from) the various loan items of this
schedule (items 1 through 9).

Report in columns A and B, as appropriate, the sum of
items 1 through 10 less the amount reported in item 11.
The total of column A must equal Schedule HC, sum of
items 4(a) and 4(b).

As defined in Accounting Standards Update No. 2022-01,
Derivatives and Hedging (Topic 815), “Portfolio Layer
Method” (ASU 2022-01), the portfolio layer method was
added to allow entities to apply hedge accounting to a
closed portfolio of financial assets or one or more
beneficial interests secured by a portfolio of financial
instruments that is not expected to be affected by prepayments, defaults, or other factors affecting the timing and
HC-C-20

Memoranda
Line Item M1 Loan modifications to borrowers
experiencing financial difficulty that are in
compliance with their modified terms.
Report in the appropriate subitem loans that have been
modified to borrowers experiencing financial difficulty
and are in compliance with their modified terms.
Holding companies are required for financial reporting
purposes to disclose modifications to borrowers experiencing financial difficulty if such modifications include
Schedule HC-C

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March 2024

Schedule HC-C

principal forgiveness, an interest rate reduction, an otherthan-insignificant payment delay, or a term extension (or
a combination thereof).
Report all loan modifications to borrowers experiencing
financial difficulty as described in ASU 2022-02, which
includes only those modifications which occurred 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 Schedule HC-N, Memorandum item 1. For further information,
see Glossary entry for ‘‘Loan Modifications to Borrowers
Experiencing Financial Difficulty.’’
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 modifications to borrowers experiencing financial difficulty. For further information, see the Glossary
entry for ‘‘Loan Modifications to Borrowers Experiencing Financial Difficulty.’’
Include in the appropriate subitem all loan modifications
to borrowers experiencing financial difficulty as defined
above that are in compliance with their modified terms,
that is, modified 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 loan modifications to
borrowers experiencing financial difficulty on which
under their modified repayment terms either principal or
interest is 30 days or more past due and (2) those loan
modifications to borrowers experiencing financial difficulty that are in nonaccrual status under their modified
repayment terms. Report such loan modifications to
borrowers experiencing financial difficulty 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 semianFR Y-9C
Schedule HC-C

December 2024

nually 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 modified to borrowers experiencing financial difficulty and are in compliance with their modified terms.
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
development loans, and all other land loans (as defined
for Schedule HC-C, item 1(a)(2), column B) that have
been modified to borrowers experiencing financial difficulty and are in compliance with their modified terms.
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 modified to borrowers experiencing financial difficulty and are in compliance with their modified terms. Exclude from this item all
1-4 family construction loans that have been modified to
borrowers experiencing financial difficulty 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
modified to borrowers experiencing financial difficulty
and are in compliance with their modified terms.
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,
HC-C-21

Schedule HC-C

item 1(e)(1), column B) that have been modified to
borrowers experiencing financial difficulty and are in
compliance with their modified terms.
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 modified to borrowers experiencing financial difficulty and are in compliance with
their modified terms.
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 modified to
borrowers experiencing financial difficulty and are in
compliance with their modified terms. Report a breakdown of these modified loans between those to U.S. and
non-U.S. addressees for the fully consolidated bank in
Memorandum items 1(e)(1) and (2).
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 modified to borrowers experiencing financial
difficulty and are in compliance with their modified terms.