Parent Company Only Financial Statements for Small Bank Holding Companies

INSTRUCTIONS FOR PREPARATION OF

Parent Company Only Financial
Statements for Small Bank Holding
Companies
FR Y-9SP
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 compan(ies) are inclusive of "savings and loan
holding compan(ies)" unless otherwise noted.1

GENERAL INSTRUCTIONS

For tiered bank holding companies. Except as noted
below, when bank holding companies with total
Who Must Report
consolidated assets of less than $500 million own or
control, or are owned or controlled by, other bank
A. Reporting Criteria
holding companies (i.e., are tiered bank holding
companies), the top-tier holding company must file
All bank holding companies, regardless of size, are
the FR Y-9SP for the top-tier parent company of the
required to submit financial statements to the Federal
bank
holding
company.
In addition,
such tiered
1: Savings
and loan
holding companies
do
not
include
any trust
(other than
a bank
Reserve,Footnote
unless specifically
exempted
(see description
of
holding
companies,
must
also
submit,
or
pension,
exemptions
below).profit-sharing, stockholders' voting, or business trust) which controls a savingshave the
subsidiary bank holding company submit, a separate
association
such trust by
terms
within 25 years or not later than 21 years
The specific
reportingifrequirements
for its
each
bankmust
hold- terminate
FR Y-9SP for each lower-tier bank holding company.
and 10
months
the of
death
of individuals
living on the effective date of the trust, and (a)
ing company
depend
uponafter
the size
the holding
comWhen aon
bank
holding
company
pany, orwas
other
specific factors
determined
the association
in existence
and inascontrol
of a by
savings
June
26, 1967,
or,that
(b)has
is atotal consolidated
assets
of
less
than
$500
million
is a subsidiary
appropriate
Federal Reserve
holding
compatestamentary
trust.Bank.
SeeBank
Section
238.2
of the interim final rule of Regulation LL, dated
of
a
bank
holding
company
with
the
total consolinies must file the appropriate forms as described below:
September 13, 2011, for more information.
dated assets of $500 million or more, the bank
(1) Bank Holding Companies With Total Consoliholding company with total consolidated assets of
dated Assets of Less Than $500 Million. Bank
less than $500 million would report on the FR Y-9LP
holding companies with total consolidated assets of
rather than the FR Y-9SP.
less than $500 million must file the Parent Company
Only Financial Statements for Small Bank Holding
The FR Y-9SP consists of a balance sheet, income
Companies (FR Y-9SP) on a semiannual basis as of
statement, and memoranda items.
the last calendar day of June and December.1
(2) Bank Holding Companies that are Employee
2.
Stock Ownership Plans. Bank holding companies
that are employee stock ownership plans (ESOPs) as
1. The Reserve Bank with whom the reporting bank holding company
of the last calendar day of the calendar year must file
files its reports may require that a bank holding company with total
the Financial Statements for Employee Stock Ownerconsolidated assets of less than $500 million submit the FR Y-9C and the
FR Y-9LP reports to meet supervisory needs. Reserve Banks will consider
ship Plan Bank Holding Companies (FR Y-9ES) on
such criteria including, but not limited to, whether the holding company
an annual basis, as of December 31. No other FR Y-9
(1) is engaged in significant nonbanking activities either directly or through
series form is required. However, bank holding coma nonbank subsidiary; (2) conducts significant off-balance-sheet activities,
panies that are subsidiaries of ESOP bank holding
including securitizations or managing or administering assets for third
parties, either directly or through a nonbank subsidiary; or (3) has a
companies (i.e., a tiered bank holding company)
material amount of debt or equity securities (other than trust preferred
must submit the appropriate FR Y-9 series in accorsecurities) outstanding that are registered with the Securities and Exchange
dance with bank holding company reporting requireCommission.
ments.
In addition, any bank 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.
FR Y9SP
General Instructions

June 2007

2012

(3) Bank Holding Companies with Total Consolidated Assets of $500 Million or More. Bank holding companies with total consolidated assets of
GEN-1

LINE ITEM INSTRUCTIONS FOR

Income Statement
Schedule SI
New paragraph: For purposes 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 Income Statement reflects income and expenses for
the calendar year-to-date, the period from January 1 to
June 30 for the June 30 reporting period and the period
from January 1 to December 31 for the December 31
reporting period.

Operating Income
Line Item 1.
Line Item 1(a)

Income from bank subsidiary(s).
Dividends.

Report the amount of the bank holding company’s proportionate share of the dividends declared by the bank
subsidiary(s) during the reporting period (calendar yearto-date). (See the worksheet provided to assist in the
calculation of this amount.) Bank holding companies
that own equity capital in associated banks, as previously
defined, should also report their proportionate interest in
the dividends declared by these banks.
Line Item 1(b)
subsidiary(s).

Other income from bank

Report the income from the bank subsidiary(s) other than
dividends declared. This includes but is not limited to
interest income, noninterest income, management fees,
and rental income.
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 income from unrelated depository institutions. Such income is to be included in item 4 below.
Do not include any income tax benefit received from the
bank subsidiary(s) in this item. This should be included
in the amount reported in item 10 below, ‘‘Applicable
income taxes (benefits).’’
2011
FR Y-9SP
Schedule SI

June 2007

Line Item 2

Income from nonbank subsidiary(s).

Line Item 2(a)

Dividends.

Report the amount of the bank holding company’s proportionate share of the dividends declared by the nonbank subsidiary(s) during the reporting period. Bank
holding companies that own equity capital in associated
nonbank companies, as previously defined, should also
report their proportionate interest in the dividends declared
by these nonbank companies.
If the reporting bank holding company is a tiered
bank holding company, the dividends from the subsidiary bank holding company(s) should be reported in
this item 3(a), ‘‘Dividends from subsidiary bank holding company(s).’’
Line Item 2(b)

Other income.

Report the income from nonbank subsidiary(s) other than
dividends declared. This includes but is not limited to
interest income, noninterest income, management fees,
and rental income.
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.
If the reporting bank holding company is a tiered
bank holding company, other income from subsidiary
bank holding company(s) should be reported in
item 3(b), ‘‘Other income from subsidiary bank holding company(s).’’
Line Item 3 Income from subsidiary bank holding
company(s).
This item is to be reported only by those holding
companies that have subsidiary bank holding
companies.
SI-1

LINE ITEM INSTRUCTIONS FOR

Balance Sheet
Schedule SC
For purpose of this report, a savings and loan holding company should
report its equity investment and nonequity investments in its savings
association (as defined in section 238.2 of 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.

Assets

Line Item 2

Line Item 1
institutions.

Cash and due from depository

Report in the appropriate item below cash and deposit
balances, both noninterest-bearing and interest-bearing,
due from depository institutions. Balances due from
depository institutions that are subsidiaries or affiliated
institutions should be reported on item 1(a). Balances due
from all other (i.e., unrelated, or third party) depository
institutions should be reported on item 1(b).
Affiliated depository institutions include those institutions that have a direct or indirect relationship with the
reporting parent bank holding company.
Overdrafts should not be reported in this item. Overdrafts
with subsidiaries or affiliated companies should
be reported under item 14, ‘‘Balances due to subsidiaries
and related institutions.’’ Overdrafts with unrelated or
third party depository institutions should be reported
under item 10(b), ‘‘Other short-term borrowings.’’

Securities.

Report in this item the total value of all debt securities
and all equity securities with readily determinable fair
values, other than investments in the bank subsidiary(s),
nonbank subsidiary(s), associated banks, and associated
nonbank company(s), held by the respondent parent bank
holding company. Securities designated as ‘‘availablefor-sale’’ must be reported at fair value and securities
designated as ‘‘held-to-maturity’’ must be reported at
amortized cost in accordance with ASC Topic 320,
Investments–Debt and Equity Securities (formerly FASB
Statement No. 115, Accounting for Certain Investments
in Debt and Equity Securities). The net unrealized holding gains (losses) on available-for-sale securities must be
reported in item 16(d), ‘‘Accumulated other comprehensive income.’’ The amount reported in item 2 must equal
the sum of memoranda items 7(a) and 7(b).
Exclude equity securities held by the parent bank holding
company that do not have readily determinable fair
values, which are to be reported in item 7 below.

Depository institutions include U.S. commercial banks,
savings and loan institutions, mutual savings banks,
foreign banks, and any other similar depository institutions.

Debt securities include, but are not limited to: U.S.
Treasury securities, U.S. Government agency and corporation obligations, commercial paper, securities issued by
states and political subdivisions in the U.S. and notes,
bonds or debentures issued by private corporations.

Line Item 1(a) Balances with subsidiary or
affiliated depository institutions.

Debt securities must include amortization of premium
and accretion of discount on securities purchased at other
than par or face value (including U.S. Treasury bills).

Report all currency and coin, demand, time and savings
balances, and other cash items due from, or held with,
subsidiary or affiliated depository institutions.
Line Item 1(b)
institutions.

Balances with unrelated depository

Report all currency and coin, demand, time and savings
balances, and other cash items due from, or held with,
unrelated depository institutions.
FR Y-9SP
Schedule SC

Equity securities include common stock, perpetual preferred stock, and warrants.
Equity securities owned by a holding company are
defined as available-for-sale securities in accordance
with ASC Topic 320 and must be reported at fair value as
of the report date. The fair value of securities should be
determined, to the extent possible, by timely reference to
the best available source of current market quotations or
SC-1

June 2011

2012

Schedule SC-M
New paragraph: A savings and loan holding
company should not include its consolidated
savings association (as defined in Regulation
LL) in items 17a through 17(f).
enter the area code and phone number of the official
responsible for verifying the FR Y-10.
Line Item M15 Short-term borrowings included in
balance sheet item 14(b).
Items M15(a) and M15(b) are to be completed only by
tiered bank holding companies.
Line Item M15(a)
company(s).

From parent bank holding

Report the amount of borrowings by the reporting bank
holding company from its direct and indirect parent bank
holding company(s) that mature in one year or less.
Line Item M15(b)
company(s).

From subsidiary bank holding

Report the amount of borrowings by the reporting parent
bank holding company from the subsidiary bank holding
company(s) that mature in one year or less.
Line Item M16 Long-term borrowings included in
balance sheet item 14(b).
Items M16(a) and M16(b) are to be completed only by
tiered bank holding companies.
Line Item M16(a)
company(s).

From parent bank holding

Report the amount of borrowings by the reporting bank
holding company from its direct and indirect parent bank
holding company(s) that have a maturity or a ‘‘scheduled
debt retirement’’ of greater than one year, exclusive of
amounts due within the year.
Line Item M16(b)
company(s).

From subsidiary bank holding

Report the amount of borrowings by the reporting parent
bank holding company from the subsidiary bank holding
company(s) that have a maturity or a ‘‘scheduled debt
retirement’’ of greater than one year, exclusive of amounts
due within the year.
Line Item M17 To be completed only by the
top-tier bank holding company for its consolidated
nonbank and thrift subsidiaries.
This item is to be completed only by the top-tier parent
bank holding company (and single-tier bank holding
SC-M-4

companies) that files the FR Y-9SP. Lower-tier bank
holding companies that file this report should leave
memorandum items 17(a) through 17(f) blank.
If the top-tier parent bank holding company is an ESOP,
then the lower-tier parent bank holding company should
report in memorandum items 17(a) through 17(f).
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
would be consolidated using generally accepted
accounting principles for financial reporting purposes.
Nonbank subsidiaries, for purposes of this reporting item,
include but are not limited to: securities brokerage and
underwriting firms (including Section 20 subsidiaries);
federal savings associations, federal savings banks and
thrift institutions (including any thrift institution filing
the Thrift Financial Report); depository institutions (other
than U.S. banks); industrial banks that do not file the
commercial bank Reports of Condition and Income with
the federal banking agencies; Edge and Agreement corporations and their subsidiaries that are not held through
a bank subsidiary; industrial loan companies; venture
capital corporations; leasing companies; bank premises
subsidiaries; mortgage banking companies; consumer
finance companies; sales finance companies; acceptance
corporations; factoring companies; insurance brokerage
and insurance underwriting companies; small business
investment companies; data processing and information
services companies; nondepository trust companies; management consulting companies; courier service companies; companies that print or sell MICR encoded items;
financial and investment advisory companies; credit
bureaus; collection agencies; real estate settlement companies.
For purposes of this reporting item, foreign nonbank
subsidiaries include those subsidiaries that meet the
definition of a nonbank subsidiary provided above that
would be consolidated using generally accepted accounting principles for financial reporting purposes, but are not
domiciled in the U.S. In addition, Edge2012
and Agreement
corporations and their subsidiaries that are not held
Schedule SC-M

FR Y-9SP
June 2010