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 Boardâs 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 Boardâs 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.
Supplement to the Consolidated Financial Statements for Bank Holding Companies