Parent Company Only Financial Statements for Large Bank Holding Companies

INSTRUCTIONS FOR PREPARATION OF

Parent Company Only Financial
Statements for Large Bank Holding
Companies
FR Y-9LP
For purposes of this report, savings and loan holding companies are subject to the
same reporting requirements as bank holding companies, unless otherwise noted in
these instructions. All references to "bank holding company(s) are inclusive of
1
"savings
and loan holding company(s)" unless otherwise
noted.holding
unless the top-tier
company is exempt from
GENERAL
INSTRUCTIONS

Who Must Report
A. Reporting Criteria
All bank holding companies, regardless of size, are
required to submit financial statements to the Federal
Reserve, unless specifically exempted (see description of
exemptions below).
The specific reporting requirements for each bank holding company depend upon the size of the holding company, or other specific factors as determined by the
appropriate Federal Reserve Bank. Bank holding companies must file the appropriate forms as described below:

reporting the FR Y-9C. If a top-tier holding company
is exempt from reporting the FR Y-9C, then the lowertier holding company (with consolidated assets of
$500 million or more) must file the FR Y-9C.
In addition, such tiered bank holding companies,
regardless of the size of the subsidiary bank holding
company, must also submit, or have the bank holding
company subsidiary submit, a separate FR Y-9LP for
each lower-tier bank holding company.

(2) Bank Holding Companies that are Employee
Stock Ownership Plans. Bank 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 Owner(1)Footnote
Bank Holding
Companies
with
Total
Consoli1: Savings and loan holding companies
ship Plan Bank Holding Companies (FR Y-9ES) on
dated Assets of $500 Million or More. Bank holddoing
notcompanies
include any
than a pension,
an annual basis, as of December 31. No other FR Y-9
withtrust
total(other
consolidated
assets of
profit-sharing,
voting,
business
series form is required. However, bank holding com$500 million orstockholders'
more (the top tier
of a or
multi-tiered
panies that are subsidiaries of ESOP bank holding
trust)
which
controls
savings association
holding
company,
whena applicable)
must file: if such
companies (i.e., a tiered bank holding company)
trust
by its
terms must
terminate
within for
25 Bank
years
(a) the
Consolidated
Financial
Statements
must submit the appropriate FR Y-9 series in accoror notHolding
later than
21 years(FR
andY-9C)
10 months
afterasthe
Companies
quarterly,
dance with bank holding company reporting requirelast calendarliving
day ofon
March,
June, Septemdeathofthe
of individuals
the effective
date of
ments.
ber, and
the trust,
andDecember.
(a) was in existence and in control
(3) Bank Holding Companies with Total Consolithe Parent
Company Only
Financial
Statements
of(b)
a savings
association
on June
26, 1967,
or, (b)
dated Assets of Less Than $500 Million. Bank
for Large Banktrust.
Holding
(FR Y-9LP)
is a testamentary
SeeCompanies
Section 238.2
of the
holding companies with total consolidated assets
quarterly,
as ofofthe
last calendar
daydated
of March,
interim
final rule
Regulation
LL,
of less than $500 million must file the Parent ComJune, September, and December.
pany Only Financial Statements for Small Bank
September 13, 2011, for more information.
Each bank holding company that files the FR Y-9C
Holding Companies (FR Y-9SP) on a semiannual
must submit the FR Y-9LP for its parent company.
basis, as of the last calendar day of June and
December.1
For tiered bank holding companies. When bank
2.
holding companies with total consolidated assets of
$500 million or more, own or control, or are owned
1. The Reserve Bank with whom the reporting bank holding company
or controlled by, other bank holding companies (i.e.,
files its reports may require that a bank holding company with total
are tiered bank holding companies), only the top-tier
consolidated assets of less than $500 million submit the FR Y-9C and the
holding company must file the FR Y-9C for the
FR Y-9LP reports to meet supervisory needs. Reserve Banks will consider
such criteria including, but not limited to, whether the holding company
consolidated bank holding company organization

FR Y-9LP
General Instructions

June 2007

March 2012

GEN-1

LINE ITEM INSTRUCTIONS FOR

Parent Company Only
Income Statement
Schedule PI
new paragraph: For purpose of this report, a savings and loan holding company should report
income from its savings association(s) (as defined in section 238.2 of Regulation LL), nonbank
subsidiary(s), and subsidiary savings and loan holding company(s) following the same
guidelines and accounting rules set forth in these instructions for a bank holding company.
The Parent Company Only Income Statement, Schedule
PI, is to be presented on a calendar-year-to-date basis.
Line Item 1

Operating Income:

Line Item 1(a) Income from bank subsidiaries and
associated banks, excluding equity in undistributed
income.
Report the reporting bank holding company’s income
from direct investments in and transactions with direct
and indirect bank subsidiaries and associated banks
according to the appropriate captions, excluding equity in
undistributed income.
Line Item 1(a)(1)

Dividends.

Report dividend income declared or paid to the reporting
bank holding company from bank subsidiaries and associated banks.
Line Item 1(a)(2)

Interest.

Report interest income paid or payable to the reporting
bank holding company related to cash and balances due
from and extensions of credit to bank subsidiaries and
associated banks.
Exclude interest from balances due from depository
institutions that are not related to the parent bank holding
company. Such interest should be reported in item 1(e)
below.
Line Item 1(a)(3)

Management and service fees.

Report management and service fees paid or payable to
the reporting bank holding company by the bank subsidiaries and associated banks.
Line Item 1(a)(4)

Other.

Report all other income paid or payable by bank subsidiaries or associated banks to the reporting bank holding
FR Y-9LP
Schedule PI

June 2007

March 2012

company related to transactions with bank subsidiaries
and associated banks. Exclude amounts reported in
Items 1(a)(1), 1(a)(2), and 1(a)(3). Exclude the parent’s
equity in the undistributed earnings of bank subsidiaries
and associated banks.
Line Item 1(a)(5)

Total.

Report the sum of Items 1(a)(1) through 1(a)(4).
Line Item 1(b) Income from nonbank subsidiaries
and associated nonbank companies, excluding
equity in undistributed income.
Report the reporting bank holding company’s income
from direct investments in and transactions with direct
and indirect nonbank subsidiaries and associated nonbank companies according to the appropriate captions,
excluding equity in undistributed income. Exclude income
from banks (as defined in the Act), subsidiaries of banks,
and Edge Act and Agreement subsidiaries.
Line Item 1(b)(1)

Dividends.

Report dividend income declared or paid to the reporting
bank holding company by nonbank subsidiaries and
associated nonbank companies.
Line Item 1(b)(2)

Interest.

Report interest income paid or payable to the reporting
bank holding company related to cash and balances due
from and extensions of credit to nonbank subsidiaries and
associated nonbank companies.
Line Item 1(b)(3)

Management and service fees.

Report management and service fee income paid or
payable by the nonbank subsidiaries and associated nonbank companies to the reporting bank holding company
in connection with services rendered to nonbank subsidiaries and associated nonbank companies.
PI-1

LINE ITEM INSTRUCTIONS FOR

Investments in Subsidiaries and
Associated Companies
Schedule PC-A
A savings and loan holding company should report its equity investment in its savings
association (as defined in Regulation LL), nonbank subsidiary and subsidiary savings and loan
holding company following the same guidelines and accounting rules set forth in these
instructions for a bank holding company.
Line Item 1(a) Equity investments in bank
subsidiaries and associated banks.

receivables due from subsidiaries and associated companies.’’

Report in items 1(a)(1) and 1(a)(2)(a) and 1(a)(2)(b) the
reporting bank holding company’s equity investment in
banks (as defined in the Bank Holding Company Act), in
Edge Act and Agreement subsidiaries, and, for purposes
of this report, industrial banks that file the commercial
bank Reports of Condition and Income with the federal
banking agencies. The reporting bank holding company
should account for investments in common stock of bank
subsidiaries and associated banks by the equity method.
(For further guidance refer to APB Opinion No. 18.)

Line Item 1(a)(2)

Line Item 1(a)(1)

Common and preferred stock.

Intangible assets.

Line Item 1(a)(2)(a)

Goodwill.

Report the amount of goodwill associated with the
acquisition of subsidiary banks and associated banks that
has not been ‘‘pushed down’’ to the books of the subsidiary banks and associated banks for financial reporting
purposes. This asset represents the excess of the cost of
the bank subsidiaries over the sum of the fair values of
the tangible assets and identifiable intangible assets
acquired less the fair value of liabilities assumed in a
business combination involving a bank and accounted for
as a purchase.

The amount reported should include (1) the cost of the
Subtopic
323-10,
reporting bank holding company’s ASC
holdings
of capital
For purposes of this schedule, any goodwill that has not
Investments-Equity
stock (including related surplus) in bank subsidiaries and
been pushed down to the books of the subsidiary banks
associated banks exclusive of any intangibles
(including
Method and
Joint
and associated banks, and is included in the investment in
goodwill) applicable to common stock
investments
that
Ventures
- Overall
subsidiary account on the parent’s books, should be
are reported in item 1(a)(2); and (2) in the case of
reported in this item. Any goodwill that has been pushed
(formerly
APB
Opinion
common stock investments, the reporting bank holding
18, The
Equity down to the books of the subsidiary banks and associated
company’s proportional share in theirNo.
earnings
and losses
banks should not be reported separately in this item. The
Method
of Accounting
(net of declared or cumulative preferred
dividends
of an
amount pushed down would be included as part of the
investee) since the date of their acquisition,
less accumufor Investments
in
investment in subsidiary as reported in line item 1(a)(1),
lated goodwill amortization and anyCommon
common stock
diviStock).
‘‘Common and preferred stock.’’
dends declared or paid. Also add or deduct the cumulative amount of any adjustments since date of acquisition
Line Item 1(a)(2)(b) Other identifiable intangibles.
resulting from differences between the fair value and
Report the amount of other specifically identifiable intanhistorical cost of the investee’s net assets.
gible assets related to the acquisition of subsidiary banks
This item includes any other equity elements including
and associated banks, such as core deposit intangibles,
the net unrealized holding gains (losses) on availableand favorable leasehold rights that have not been ‘‘pushed
for-sale securities that are recorded by the bank subsididown’’ to the books of the subsidiary banks and associaries and associated banks and stock-based employee
ated banks.
compensation expense that has been credited to the
Organization costs should not be included in this item but
subsidiary’s equity (surplus) as described in ASC Topic
should be expensed as incurred.
718, Compensation-Stock Compensation (formerly FASB
Statement No. 123(R), Shared-Based Payment), and
For purposes of this schedule, other identifiable intanreported in Schedule PC, item 5, ‘‘investments in and
gible assets that have not been pushed down to the books
FR Y-9LP
Schedule PC-A

June 2011

March 2012

PC-A-1

Schedule PC-B

is a direct or indirect subsidiary of the top tier parent
bank holding company.
Report in item 12(b) all balances (that is, balances due
from, securities, federal funds sold, securities purchased
under agreements to resell, loans, or any other assets) that
are booked as assets on the books of a subsidiary bank of
the bank holding company that are due from direct or
indirect nonbank subsidiaries of the top-tier parent bank
holding company.
Lower-tiered bank holding companies should report in
item 12(a) balances held by subsidiary banks of the
lower-tier bank holding company that are due from other
subsidiary banks of the lower-tier holding company or
are due from related banks that are direct or indirect
subsidiaries of the top-tier bank holding company.
Lower-tier bank holding companies should report in
item 12(b) balances held by bank subsidiaries of the
lower-tier holding company due from related nonbank
subsidiaries that are direct or indirect subsidiaries of the
top-tier holding company.

ments to repurchase, borrowings, or other liabilities) that
are on the books of a subsidiary bank of the bank holding
company that are due to direct or indirect nonbank
subsidiaries of the top tier parent bank holding company.
Line Item 14 Bank holding company (parent
company only) borrowings not held by financial
institutions or by insiders (including directors) and
their interests.
Report the amount of all borrowings (parent company
only) that are reported in Schedule PC, liability items 13
through 16 that are not held by financial institutions or by
the bank holding company’s officers, directors, or shareholders and their related interests. For reporting purposes, a related interest is a company in which an officer,
New or
paragraph:
savings
loan
director,
shareholderA
controls
25 and
percent
or more of its
stock.
Do notcompany
report borrowings
that include
are held by former
holding
should not
shareholders
of the bank
holding
company in this item.
its consolidated
savings
association
Exclude
limited-life
perferred stock
(as defined
in Regulation
LL)reported
in itemsin Schedule 15a
PC, item
16, ‘‘Subordinated
notes and debentures.’’
through
15(h).

Exclude balances of foreign bank subsidiaries if they are
consolidated on the domestic bank subsidiary’s commercial Reports of Condition and Income (FFIEC 031).

Line Item 15 To be completed only by the top-tier
bank holding company for its consolidated nonbank
and thrift subsidiaries.

Line Item 13 Balances held by subsidiary banks of
the bank holding company due to other bank
subsidiaries of the bank holding company or due to
nonbank subsidiaries of the bank holding company.

This item is to be completed only by the financial
top-tier parent bank holding company that files the FR
Y-9C. Lower-tier bank holding companies that file this
report (FR Y-9LP) should leave items 15(a) through
15(h) blank.

Report in item 13(a) liabilities (that is, deposits, federal
funds purchased, securities sold under agreements to
repurchase, borrowings, or other liabilities) that are on the
books of the subsidiary bank of the bank holding company that are due to a bank that is a direct or indirect
subsidiary of the top-tier parent bank holding company.

If the top-tier parent bank holding company is an ESOP,
then the lower-tier parent bank holding company should
report in memorandum items 15(a) through 15(h). The
top-tier ESOP bank holding company should leave
memorandum items 15(a) through 15(h) blank.

Lower-tier bank holding companies should report in
item 13(b) balances held by bank subsidiaries of the
lower-tier holding company due to related nonbank the
top-tier holding company.

The term ‘‘subsidiary,’’ is defined by Section 225.2 of
Federal Reserve Regulation Y, which generally includes
companies 25 percent or more owned or controlled
by another company. However, for purposes of this
reporting item, the term ‘‘subsidiary’’ includes only
companies in which the bank holding company directly
or indirectly owns or controls more than 50 percent of
the outstanding voting stock, and these companies
have been consolidated using generally accepted
accounting principles for purposes of financial reporting in the FR Y-9C.

Report in item 13(b) all liabilities (that is, deposits,
federal funds purchased, securities sold under agree-

Nonbank subsidiaries, for purposes of reporting these
items, include but are not limited to: securities brokerage

Lower-tiered bank holding companies should report in
item 13(a) balances held by subsidiary banks of the
lower-tier bank holding company that are due to other
subsidiary banks of the lower-tier holding company or
are due to related banks that are direct or indirect
subsidiaries of the top-tier bank holding company.

PC-B-6

Schedule PC-B

FR Y-9LP
March 2011

2012

Schedule PC-B
delete
and underwriting firms (including Section 20 subsidivoting stock, and these companies have been consoliaries); federal savings associations, federal savings banks
dated using generally accepted accounting principles for
and thrift institutions (including any thrift institution
purposes of reporting in the FR Y-9C.
filing the Thrift Financial Report); depository institutions
Enter ‘‘zero’’ if the reporting top-tier bank holding
(other than U.S. banks); industrial banks that do not file
company does not have any nonbank subsidiary assets or
the commercial bank Reports of Condition and Income
operating revenue to report.
with the federal banking agencies; Edge and Agreement
corporations and their subsidiaries that are not held
through a bank subsidiary; industrial loan companies;
Line Item 15(a) Total combined nonbank assets of
venture capital corporations; leasing companies; bank
nonbank subsidiaries.
premises subsidiaries; mortgage banking companies; conReport the dollar amount of the reporting bank holding
sumer finance companies; sales finance companies; accepcompany’s total combined nonbank assets of nonbank
tance corporations; factoring companies; insurance broFor
savings
and
loan
holding companies,
this include the assets of all
subsidiaries.
Nonbank assets
kerage and insurance underwriting companies; small
definition
of
nonbank
subsidiary
excludes
federal
foreign
and
domestic
nonbank
subsidiaries (as defined
business investment companies; data processing and
below)
and
their
majority-owned
information services companies; nondepository
trust
savings associations,
federal savings banks and direct and indirect
subsidiaries.
companies; management consulting companies;
courier
thrift institutions.
service companies; companies that print or sell MICR
The top-tier parent bank holding company should report
encoded items; financial and investment advisory compain this item all assets of nonbank subsidiaries, whether
nies; credit bureaus; collection agencies; real estate settleheld directly or indirectly or held through lower-tier bank
ment companies.
holding companies. The lower-tier parent bank holding
For purposes of reporting these items, foreign nonbank
company in a multi-tier bank holding company who files
subsidiaries include those subsidiaries that meet the
this report (FR Y-9LP) should leave items 15(a) through
definition of a nonbank subsidiary provided above that
15(h) blank.
have been consolidated using generally accepted accounting principles for purposes of financial reporting in the
Line Item 15(b) Total combined loans and leases
FR Y-9C, but are not domiciled in the U.S. In addition,
of nonbank subsidiaries.
Edge and Agreement corporations and their subsidiaries
that are not held through a bank subsidiary should be
Report the dollar amount of total combined loans and
reported as foreign nonbank subsidiaries.
leases on the books of nonbank subsidiaries of the
Nonbank subsidiaries exclude all banks (including commercial, savings and industrial banks that file the commercial bank Reports of Condition and Income) and their
subsidiaries; Edge and Agreement corporations and their
subsidiaries that are held through a bank subsidiary.
All intercompany assets and operating revenue among
the nonbanking subsidiaries should be eliminated, but
assets and operating revenue with the reporting bank
holding company and with subsidiary banks should be
included. For example, eliminate the loans made by one
nonbank subsidiary to a second nonbank subsidiary, but
do not eliminate loans made by one nonbank subsidiary
to the parent bank holding company or a subsidiary bank.
Include the combined assets and operating revenue of
inactive nonbanking subsidiaries to the extent that the
top-tier bank holding company directly or indirectly
owns or controls more than 50 percent of the outstanding
FR Y-9LP
Schedule PC-B

March 2011

2012

reporting bank holding company even if on the report
date they are past due and collection is doubtful. Nonbank loans and leases include the loans and leases of all
foreign and domestic nonbank subsidiaries (as defined
above) and their majority-owned direct and indirect
subsidiaries.
Exclude balances due from related institutions on the
books of nonbank subsidiaries of the reporting bank
holding company (e.g., loans to the parent bank holding
company). Report such balances in item 15(a).
Exclude any loans or leases the subsidiaries have sold or
charged off. Report the combined book value of all loans
and leases before deduction of the allowance for loan and
lease losses. The amount should be reported net of
unearned income (to the extent possible), and deposits
accumulated for the payment of personal loans (hypothecated deposits).
PC-B-7