Savings and Loan Holding Company Regulatory Reporting Seminar (FR Y-9C & FR Y-9LP)
The Financial Reporting Department of the Federal Reserve Bank of Chicago held its training seminar Thursday, November 17, 2011, from 7:45 a.m. to 4:45 p.m. on the preparation of the FR Y-9C and FR Y-9LP. On August 22, 2011, the Federal Reserve Board of Governors proposed a two-year phase in period for most SLHCs to file Federal Reserve Bank Holding Company (BHC) regulatory reports.
The FR Y-9C, or Consolidated Financial Statements for BHCs, collects basic financial data on a consolidated basis in the form of a balance sheet, an income statement, and detailed supporting schedules, including a schedule of off balance-sheet items. This report is filed by BHCs with total consolidated assets of $500 million or more. However, when such BHCs own or control, or are owned or controlled by, other BHCs, only top-tier holding companies must file this report for the consolidated holding company organization.
The FR Y-9LP, or Parent Company Only Financial Statements for Large BHCs, collects basic financial data on a consolidated, parent-only basis in the form of a balance sheet, an income statement, and supporting schedules relating to investments, cash flow, and certain memoranda items. This report is filed by the parent company of large BHCs. For purposes of this report, large BHCs are BHCs with total consolidated assets of $500 million or more. When such BHCs are tiered BHCs, each of the subsidiary BHCs file separate reports.
Continental breakfast and lunch will be provided.
Last Updated: 09/07/2011