Reporting FR Y-9C (AA HCs)

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Board of Governors of the Federal Reserve System

SLR Draft

Instructions for Preparation of

Consolidated Financial Statements for
Holding Companies
Reporting Form FR Y-9C
Effective March 2025

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June 2026

Contents for
Y-9C Instructions

The instruction book is divided into three sections:
(1) The General Instructions describing overall reporting requirements.

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(2) The Line Item Instructions for each schedule of
the report for the consolidated holding company.

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.

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Organization of the Instruction Book

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(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.

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In determining the required treatment of particular transactions or portfolio items or in determining the defini-

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).

FR Y-9C
Contents March 2013

Contents-1

Contents

GENERAL INSTRUCTIONS FOR PREPARATION OF FINANCIAL STATEMENTS
FOR HOLDING COMPANIES
GEN-1
GEN-1
GEN-2
GEN-2

Where to Submit the Reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

GEN-2

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Who Must Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A. Reporting Criteria . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
B. Exemptions from Reporting the Holding Company Statements . . . . . . . . . . . . . . . . . . . . . . .
C. Shifts in Reporting Status . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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
GEN-3
GEN-4
GEN-4
GEN-4
GEN-5
GEN-5
GEN-6
GEN-7
GEN-7
GEN-7

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When to Submit the Reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Contents-2

Contents

FR Y-9C
June 2022

Contents

LINE ITEM INSTRUCTIONS FOR THE CONSOLIDATED FINANCIAL STATEMENTS
FOR HOLDING COMPANIES
HI-1
Schedule HI—Consolidated Income Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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

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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

LINE ITEM INSTRUCTIONS FOR

Regulatory Capital
Schedule HC-R

Opt-in to the CBLR framework

A qualifying holding company may opt in to use the
CBLR framework. Qualifying holding companies opt
into and out of the CBLR framework through their
FR Y-9C. A qualifying holding company that opts into
the CBLR framework (electing holding company) must
complete Schedule HC-R, Part I, items 1 through 36, and
can make that election on Schedule HC-R, Part I,
item 31.a. A qualifying holding company can opt out of
the CBLR framework by completing Schedule HC-R,
Part I and Part II, excluding Schedule HC-R, Part I,
items 32 through 36. However, the Board may disallow
an otherwise qualifying holding company use of the
CBLR framework based on the Board’s evaluation of the
risk profile of the holding company.

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The instructions for Schedule HC-R, Parts I and II,
should be read in conjunction with the revised regulatory
capital rules issued by the Board on July 2, 2013. 12 CFR
Part 217.

Community Bank Leverage Ratio (CBLR)
Framework:

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General Instructions for HC-R

Schedule HC-R, Part I Regulatory Capital
Components and Ratios
General Instructions for Part I

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Schedule HC-R, part I, has two columns for items 11
through 19. Items 11 through 19 in column A is to be
completed by non-advanced approaches holding companies (including holding companies subject to Category III
capital standards1) and and items 11 through 19 in
column B are to be completed by advanced approaches
holding companies.2

1. Category III holding company include institutions, which are not
advanced approaches holding companies, that have (1) at least $250 billion
in average total consolidated assets or (2) at least $100 billion in average
total consolidated assets and at least $75 billion in average total nonbank
assets, average weighted short-term wholesale funding; or average offbalance sheet exposure.
2. A holding company that is subject to the advanced approaches capital
rule (i.e., an advanced approaches institution as defined in the Board’s
capital rules) is (i) global systemically important bank holding company, as
identified pursuant to 12 CFR 217.402; (ii) a Category II institution; (iii) is
a subsidiary of a holding company that uses the advanced approaches
pursuant to 12 CFR part 217 (Board) to calculate its risk-based capital
requirements; or (iv) a holding company that elects to use the advanced
approaches to calculate its risk-based capital requirements.
Category II institutions include institutions with (1) at least $700 billion
in total consolidated assets or (2) at least $75 billion in cross-jurisdictional
activity and at least $100 billion in total consolidated assets. In addition,
FR Y-9C
Schedule HC-R

March 2021

On April 23, 2020, the federal banking agencies published two interim final rules to provide temporary relief
to community banking organizations with respect to the
CBLR framework, and the final rule became effective
November 9, 2020, with no changes to the interim final
rules. The final rule provides community banking organizations with a clear and gradual transition, by January 1,
2022, back to the greater than 9 percent leverage ratio
qualifying criterion previously established by the agencies. The other qualifying criteria in the CBLR framework have not been modified by the final rule.
A qualifying holding company with a leverage ratio that
exceeds the applicable leverage ratio requirement and
opts into the CBLR framework shall be considered to
have met: (i) the generally applicable risk-based and
leverage capital requirements in the agencies’ capital
rules; (ii) the capital ratio requirements to be considered
depository institution subsidiaries of Category II institutions are considered Category II institutions.

HC-R-1

Schedule HC-R
the leverage buffer requirements under the capital rule
(ii) IHCs of foreign GSIBs—has been identified as a
non-resolution IHC pursuant to 12 CFR 252.164:
Report the IHC’s TLAC risk-weighted buffer as a percentage, rounded to four decimal places, which is calculated as:
The IHC’s common equity tier 1 capital ratio (the lower
of Schedule HC-R, Part I, item 47, Column A and
Column B, if applicable) (expressed as a percentage),
minus the greater of zero and the following amount:
(1) 16 percent; minus

ule HC-R, Part I, item 22), to its total risk-weighted
assets (the larger of Schedule HC-R, Part I, items 46.a
and 46.b, if applicable); and minus
(3) The ratio (expressed as a percentage) of the IHC’s
outstanding eligible long-term debt amount (as
reported on Schedule HC-R, Part I, item 54) to total
risk-weighted assets (the larger of Schedule HC-R,
Part I, items 46.a and 46.b, if applicable).
If the TLAC total risk weighted asset ratio, as reported in
line item 56, Column B, or, if applicable, item 57,
Column B, are less than or equal to 18 percent, the IHC’s
TLAC risk-weighted buffer level should be reported as
zero.

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(2) The ratio (expressed as a percentage) of the IHC’s
additional tier 1 capital (as reported on Schedule HC-R, Part I, item 25), minus any additional
tier 1 minority interest (as reported on Sched- maintain
ule HC-R, Part I, item 22), held by a company that is
Line item 62(b) TLAC leverage buffer.
incorporated or organized outside of the United
Line item 62(b) should only be reported by top-tier BHCs
States and that directly or indirectly controls the
of U.S. GSIBs.
IHC, to its total risk-weighted assets (the larger of
Schedule HC-R, Part I, items 46.a and 46.b, if
In order to avoid limitations on distributions, including
applicable); and minus
dividend payments, and certain discretionary bonus pay-

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(3) The ratio (expressed as a percentage) of the IHC’s
outstanding eligible long-term debt amount (as
reported on Schedule HC-R, Part I, item 54) to total
risk-weighted assets (the larger of Schedule HC-R,
Part I, items 46.a and 46.b, if applicable).
If the TLAC total risk weighted asset ratio, as reported in
as reported
on Schedule
Part item
I, item
line item
56, Column
B, or, if HC-R,
applicable,
57,
Column54,
B, plus
are less
than
or
equal
to
16
percent,
the
IHC’s
50 percent of the amount due to be
TLAC paid
risk-weighted
level should
be reported as
of unpaidbuffer
principal
of outstanding
zero.

ments to executive officers, a top-tier BHC of a U.S. GSIB
must hold a TLAC buffer above its minimum leverage
TLAC requirements greater than 2.0 percent.
Otherwise, the top-tier BHC of a U.S. GSIB will face
limitations on distributions and certain discretionary
bonus payments and will be required to complete Schedule HC-R Part I, items 66 through 69.

equal to 365 days (one year) but less than
Report 730
the IHC’s
TLAC
risk-weighted
as a perdays (two
years),
to total buffer
leverage
centage, rounded to four decimal places, which is calcuexposure.

The top-tier BHC’s supplementary leverage ratio (as
reported on Schedule HC-R, Part I, item 53) (expressed
as a percentage), minus the greater of zero and the
following amount:

The IHC’s common equity tier 1 capital ratio (the lower
of Schedule HC-R, Part I, item 47, Column A and
Column B, if applicable) (expressed as a percentage)
minus the greater of zero and the following amount:

(1) 7.5 percent; minus

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eligible debt securities issued by the top-tier

Report the top-tier BHC’s TLAC leverage buffer as a
percentage, rounded to four decimal places, which is
calculated as:

(iii) IHCs
foreign
GSIBs—has
identified
BHCofof
the U.S.
GSIB in been
greater
than oras a
resolution IHC pursuant to 12 CFR 252.164:

lated as:

(1) 18 percent; minus

(2) The ratio (expressed as a percentage) of the top-tier
BHC’s outstanding eligible external long-term debt
amount to total leverage exposure (as reported on
Schedule HC-R, Part I, item 59, Column A).

(2) The ratio (expressed as a percentage) of the IHC’s
additional tier 1 capital (as reported on Schedule HC-R, Part I, item 25), minus any additional
tier 1 minority interest (as reported on Sched-

If the TLAC supplementary leverage ratio, as reported in
line item 59, Column B, is less than or equal to 7.5
percent, the top-tier BHC’s external TLAC leverage
buffer level should be reported as zero.

HC-R-52

Schedule HC-R

FR Y-9C
June 2021

June 2026

Schedule HC-R
an amount equal to 50 percent of their most recent method 1
surcharge as determined under 12 CFR 217.403(b) of the
capital rule, subject to the effective date provisions of 12
CFR 217.403(d)
Leverage Buffer and Requirements for Holding
Companies Subject to the Capital Plan Rule
Line Item 63 Total leverage exposure for the
supplementary leverage ratio (SLR) (if applicable)
Advanced approaches and Category III holding companies must report the total leverage exposure from
FFIEC 101 Schedule A, Table 2, Item 2.21.
Line Item 64 Leverage buffer requirement (if
applicable)
All GSIB holding companies report 2.0000 percent.
All non-GSIB holding companies report 0.0000 percent.

ending on the last date of the reporting period and the
three-month net income for the three preceding calendar
quarters as illustrated in the example below.
Example and a worksheet calculation:
Assumptions:
• Eligible retained income is calculated for FR Y-9C
report date of March 31, 2021.
• The holding company reported the following on its
FR Y-9C in Schedule HI, Income Statement, item 14,
“Net income (loss) attributable to holding company
(item 12 minus item 13)”:

Line Item 65 Leverage ratio buffer (if applicable)
For all GSIB holding companies, report the leverage
buffer as a percentage, rounded to four decimal places, if
applicable, from FFIEC 101 Schedule A, Table 2,
Item 2.23.
The leverage buffer is equal to Schedule HC-R, item 53,
less 3.0000 percent, which is the minimum leverage
buffer requirement under section 10(a)(5) of the regulatory capital rules. However, if the holding company’s
leverage buffer calculated above is less than zero (i.e., is
negative), the holding company’s leverage buffer is zero.
Maximum Payout Ratios and Amounts for Holding
Companies Subject to the Capital Plan Rule:
Line Item 66 Eligible retained income.
Report the amount of eligible retained income as the
greater of (1) a holding company’s net income for the
four preceding calendar quarters, net of any distributions
and associated tax effects not already reflected in net
income, and (2) the average of holding company’s net
income over the four preceding calendar quarters. (See
the instructions for Schedule HC-R, Part I, item 52, for
the definition of “distributions” from section 2 of the
regulatory capital rules.)
For Schedule HC-R, Part I, item 59, the four preceding
calendar quarters refers to the calendar quarter ending on
the last date of the reporting period and the three
preceding calendar quarters as illustrated in the example
below. The average of an holding company’s net income
over the four preceding calendar quarters refers to average of three- month net income for the calendar quarter
FR Y-9C
Schedule HC-R

June 2021

June 2026

FR Y-9C
Report Date

Amount
Reported
in Item 14

Three
Month
Net Income

March 31, 2020

$400 (A)

$400

June 30, 2020

$900 (B)

$500 (B-A)

September 30, 2020

$1,500 (C)

$600 (C-B)

December 31, 2020

$1,900 (D)

$400 (D-C)

March 31, 2021

$200 (E)

$200 (E)

• The distributions and associated tax effects not already
reflected in net income (e.g., dividends declared on the
holding company’s common stock between April 1,
2020, and March 31, 2021) in this example are $400
per each of the four preceding calendar quarters.
Q2
2020

Q3
2020

Q4
2020

Q1
2021

Net Income

$500

$600

$400

$200

Adjustments for
distributions and
associated tax
effects not
already reflected
in net income

($400)

($400)

($400)

($400)

Adjusted Net
Income
(Net Income –
Adjustments)

$100

$200

$0

($200)

HC-R-53