The FR Y-9 family of reporting forms
continues to be the primary source of financial data on HCs that
examiners rely on in the intervals between on-site inspections and
off-site assessments through the Small Bank Holding Company
Supervision Program. Financial data from these reporting forms are
used to detect emerging financial problems, to review performance
and conduct pre-inspection analysis, to monitor and evaluate
capital adequacy, to evaluate HC mergers and acquisitions, and to
analyze an HC's overall financial condition to ensure the safety
and soundness of its operations.
On December 18, 2014,
the President signed into law Public Law 113-250 (the Act), which
directs the Board to propose revisions to the Small Bank Holding
Company Policy Statement (Policy Statement) to raise the total
consolidated asset limit in the Policy Statement from $500 million
to $1 billion, and expand the scope of the Policy Statement to
include savings and loan holding companies (SLHCs). In order to
implement Congressional intent, the Board must revise the Small
Bank Holding Company Policy Statement (Policy Statement) and its
capital regulations. The Federal Reserve is separately proposing
changes to the Board’s regulations to implement these revisions.
Accordingly, the Federal Reserve proposes to increase the
asset-size thresholds for reporting the FR Y-9C, the FR Y-9LP, and
the FR Y-9SP consistent with the changes that are being separately
proposed to the Small Bank Holding Company Policy Statement (Policy
Statement). The Federal Reserve proposes to raise the asset-size
threshold from $500 million to $1 billion for the FR Y-9C, the FR
Y-LP, and the FR Y-9SP. The Federal Reserve also proposes to
eliminate Part I of Schedule SC-R, Regulatory Capital (FR Y-9SP)
consistent with changes that are being separately proposed to the
Board’s regulatory capital requirements (Regulation Q).
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.
Form FR Y-9CS Supplement to the Consolidated Financial Statements for Bank Holding Companies
FRY9C_FRY9LP_FRY9SP_FRY9ES_FRY9CS_20150127_omb.pdf
Supplement to the Consolidated Financial Statements for Bank Holding Companies